Skip to content
Disclosery

Covalent Partners LLC

Follow

13F filer, CIK 1531611, CONCORD, MA

Covalent Partners LLC reported $11,782,076 across 11 holdings for the quarter ended 2024-09-30, in a 13F-HR/A filed 2024-11-15. Its ten largest share positions make up 100% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR/A 0001531611-24-000005

Period
2024-09-30
Reported value
$11.8M
Holdings
11
Top 10 weight
100%
New
3
Sold out
2

Largest buys vs the previous quarter

SecurityShares changeApprox. value
LGIHnew+22,400$2.65M
Vivid Seats Incadded+150,000$555K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
CNKreduced-50,000-$1.39M
ALTGexited-50,000-$402K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q3 2024

Share positions as resolved from 13F-HR/A 0001531611-24-000005, largest first. % of portfolio is the value over $11,782,076, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
LGIHLGI HOMES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2022Q4: restricted; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: not reported; 2024Q3: 22,400 shares 22,400$2.65M22.53%newTimeline
CNKCINEMARK HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2022Q4: restricted; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: 135,000 shares; 2024Q3: 85,000 shares 85,000$2.37M20.08%-50,000Timeline
Vivid Seats IncVivid Seats IncQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2022Q4: restricted; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: 225,000 shares; 2024Q3: 375,000 shares 375,000$1.39M11.78%+150,000
CRCCALIFORNIA RES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2022Q4: restricted; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: 18,974 shares; 2024Q3: 18,974 shares 18,974$996K8.45%0Timeline
NENOBLE CORP PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2022Q4: restricted; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: 16,931 shares; 2024Q3: 16,931 shares 16,931$612K5.19%0Timeline
TH INTERNATIONAL LIMITEDTH INTERNATIONAL LIMITEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2022Q4: restricted; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: 26,208 shares; 2024Q3: 26,208 shares 26,208$21.2K0.18%0
EVTWFVERTICAL AEROSPACE LTD WT PURQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2022Q4: restricted; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: 164,100 shares; 2024Q3: 164,100 shares 164,100$3.02K0.03%0Timeline
ECXWWECARX HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2022Q4: restricted; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: 75,000 shares; 2024Q3: 75,000 shares 75,000$1.6K0.01%0Timeline
ALTENERGY ACQUISITION CORPALTENERGY ACQUISITION CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2022Q4: restricted; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: 22,500 shares; 2024Q3: 22,500 shares 22,500$252<0.01%0

Principal amounts

Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).

SecurityTypeAmountValueChange
LIVE NATION ENTERTAINMENT INLIVE NATION ENTERTAINMENT IN NOTE 2.000% 2/1principal2,000,000$2.16Mnew
INTEGER HLDGS CORPINTEGER HLDGS CORP NOTE 2.125% 2/1principal1,000,000$1.58Mnew

Sold out in Q3 2024

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
PETIQ INCPETIQ INC1,000,000$1.06Mprincipal
ALTGALTA EQUIPMENT GROUP INC50,000$402Kshares

How Q3 2024 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001531611-24-000004 superseded2024-11-14acceptance time not in the bulk data set
13F-HR/A 0001531611-24-000005 baserestatement2024-11-15acceptance time not in the bulk data set