Covalent Partners LLC
Follow13F filer, CIK 1531611, CONCORD, MA
Covalent Partners LLC reported $27,317,822 across 17 holdings for the quarter ended 2024-12-31, in a 13F-HR filed 2025-02-14. Its ten largest share positions make up 90.7% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001531611-25-000001
- Period
- 2024-12-31
- Reported value
- $27.3M
- Holdings
- 17
- Top 10 weight
- 90.7%
- New
- 8
- Sold out
- 2
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| EPR PPTYSnew | +95,562 | $1.99M |
| MCSnew | +80,000 | $1.72M |
| EPRnew | +12,500 | $554K |
| EPR PPTYSnew | +20,000 | $545K |
| AMCnew | +60,000 | $239K |
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
| Security | Shares change | Approx. value |
|---|---|---|
| LGIHreduced | -14,200 | -$1.27M |
| CNKreduced | -15,000 | -$465K |
| Vivid Seats Increduced | -75,000 | -$347K |
| EVTWFexited | -164,100 | -$3.02K |
| ALTENERGY ACQUISITION CORPexited | -22,500 | -$252 |
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, Q4 2024
Share positions as resolved from 13F-HR 0001531611-25-000001, largest first. % of portfolio is the value over $14,380,222, the sum of the share positions whose value is usable for ratios (method).
| Security | History | Shares | Value | % of portfolio | Change | Latest event | Timeline |
|---|---|---|---|---|---|---|---|
| CNKCINEMARK HLDGS INC | 70,000 | $2.17M | 15.08% | -15,000 | Timeline | ||
| EPR PPTYSEPR PPTYS | 95,562 | $1.99M | 13.82% | new | |||
| MCSMARCUS CORP DEL | 80,000 | $1.72M | 11.96% | new | Timeline | ||
| Vivid Seats IncVivid Seats Inc | 300,000 | $1.39M | 9.66% | -75,000 | |||
| CRCCALIFORNIA RES CORP | 18,974 | $985K | 6.85% | 0 | Timeline | ||
| LGIHLGI HOMES INC | 8,200 | $733K | 5.1% | -14,200 | Timeline | ||
| EPREPR PPTYS | 12,500 | $554K | 3.85% | new | Timeline | ||
| EPR PPTYSEPR PPTYS | 20,000 | $545K | 3.79% | new | |||
| NENOBLE CORP PLC | 16,931 | $532K | 3.7% | 0 | Timeline | ||
| AMCAMC ENTMT HLDGS INC | 60,000 | $239K | 1.66% | new | Timeline | ||
| TH INTERNATIONAL LIMITEDTH INTERNATIONAL LIMITED | 26,208 | $18.6K | 0.13% | 0 | |||
| ECXWWECARX HOLDINGS INC | 75,000 | $3.75K | 0.03% | 0 | Timeline |
Options
Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).
Principal amounts
Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).
| Security | Type | Amount | Value | Change |
|---|---|---|---|---|
| INTEGER HLDGS CORPINTEGER HLDGS CORP NOTE 2.125% 2/1 | principal | 1,000,000 | $1.6M | 0 |
| LIVE NATION ENTERTAINMENT INLIVE NATION ENTERTAINMENT IN NOTE 2.000% 2/1 | principal | 1,000,000 | $1.23M | -1,000,000 |
| SPHERE ENTERTAINMENT COSPHERE ENTERTAINMENT CO Convertible | principal | 500,000 | $682K | new |
Sold out in Q4 2024
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| EVTWFVERTICAL AEROSPACE LTD WT PUR | 164,100 | $3.02K | shares |
| ALTENERGY ACQUISITION CORPALTENERGY ACQUISITION CORP | 22,500 | $252 | shares |
How Q4 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).
| Filing | Role | Amendment | Filed | Accepted | Ingested |
|---|---|---|---|---|---|
| 13F-HR 0001531611-25-000001 | base | 2025-02-14 | acceptance time not in the bulk data set |