COVALENT PARTNERS LLC

Filed: 11/14/2022ACC: 0001531611-22-000004

📋 What this filing means

COVALENT PARTNERS LLC filed this quarterly 13F‑HR report disclosing 47 equity positions with a total reported market value of $70.2K. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

Positions

$70.2K

Total AUM (reported)

12.53M

Total Shares

Allocation by class

TR UNIT$32.9K46.8%

SHS GOLD$5.2K7.4%

COM CL A$4.9K7.0%

RUSSELL 2000 ETF$4.5K6.3%

NOTE 4.500% 4/1$4.3K6.1%

NOTE 5.375% 8/0$3.9K5.6%

COM NEW$3.2K4.5%

Portfolio Concentration

Top 3$42.5K60.5%

4–10$18.2K25.9%

11–25$9.1K12.9%

Rest$473.000.7%

Top 3 weight

60.5%

Top 10 weight

86.4%

Voting Authority Distribution

Total shares with voting rights: 12.53M

Sole

Full voting authority

12.16M

% of voting shares97.1%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

362.10K

% of voting shares2.9%

Investment Discretion (by position count)

Sole47

Shared0

Other0

Dominant voting typeSole · 97.1% of voting shares

Institutional Holdings47

Rows:

SPDR S&P 500 ETF TR

SOLE

TR UNIT

Shares92K

TypeSH

Market value$32.9K

46.78%

Sole

0.00

Shared

0.00

None

92K

SPDR GOLD TR

SOLE

SHS GOLD

Shares33.50K

TypeSH

Market value$5.2K

7.38%

Sole

0.00

Shared

0.00

None

33.50K

ISHARES TR

SOLE

RUSSELL 2000 ETF

Shares27K

TypeSH

Market value$4.5K

6.34%

Sole

Shared

0.00

None

20K

COPA HOLDINGS SA

SOLE

NOTE 4.500% 4/1

Shares3M

TypePRN

Market value$4.3K

6.15%

Sole

Shared

0.00

None

0.00

NORWEGIAN CRUISE LINE HLDG L

SOLE

NOTE 5.375% 8/0

Shares4M

TypePRN

Market value$3.9K

5.59%

Sole

Shared

0.00

None

0.00

DELTA AIR LINES INC DEL

SOLE

COM NEW

Shares85K

TypeSH

Market value$2.4K

3.40%

Sole

85K

Shared

0.00

None

0.00

SOUTHWEST AIRLS CO

SOLE

NOTE 1.250% 5/0

Shares2M

TypePRN

Market value$2.3K

3.25%

Sole

Shared

0.00

None

0.00

ATLAS CREST INVESTMENT CORP

SOLE

COM CL A

Shares200K

TypeSH

Market value$2.0K

2.80%

Sole

200K

Shared

0.00

None

0.00

CHURCHILL CAPITAL CORP VI

SOLE

COM CL A

Shares200K

TypeSH

Market value$2.0K

2.80%

Sole

200K

Shared

0.00

None

0.00

SKYDECK ACQUISITION CORP

SOLE

CLASS A ORD SHS

Shares137.70K

TypeSH

Market value$1.4K

1.93%

Sole

137.70K

Shared

0.00

None

0.00

REVLON INC

SOLE

CL A NEW

Shares216.60K

TypeSH

Market value$1.1K

1.60%

Sole

0.00

Shared

0.00

None

216.60K

TZP STRATEGIES ACQUISTN CORP

SOLE

CL A SHS

Shares105K

TypeSH

Market value$1.0K

1.49%

Sole

105K

Shared

0.00

None

0.00

THE MUSIC ACQUISITION CORP

SOLE

CLASS ACOM

Shares100K

TypeSH

Market value$984.00

1.40%

Sole

100K

Shared

0.00

None

0.00

NINE ENERGY SERVICE INC

SOLE

COM

Shares290K

TypeSH

Market value$766.00

1.09%

Sole

290K

Shared

0.00

None

0.00

CALIFORNIA RES CORP

SOLE

COM STOCK

Shares18.97K

TypeSH

Market value$729.00

1.04%

Sole

18.97K

Shared

0.00

None

0.00

PERMIAN RESOURCES CORP

SOLE

CLASS A COM ADDED

Shares100K

TypeSH

Market value$680.00

0.97%

Sole

100K

Shared

0.00

None

0.00

BAUSCH HEALTH COS INC

SOLE

COM

Shares90K

TypeSH

Market value$620.00

0.88%

Sole

90K

Shared

0.00

None

0.00

CRYPTO 1 ACQUISITION CORP

SOLE

CLASS A ORD

Shares50K

TypeSH

Market value$502.00

0.71%

Sole

50K

Shared

0.00

None

0.00

EVO ACQUISITION CORP

SOLE

COM CL A

Shares50K

TypeSH

Market value$493.00

0.70%

Sole

50K

Shared

0.00

None

0.00

BOYD GAMING CORP

SOLE

COM

Shares10K

TypeSH

Market value$477.00

0.68%

Sole

10K

Shared

0.00

None

0.00

ALTENERGY ACQUISITION CORP

SOLE

COM CL A

Shares45K

TypeSH

Market value$451.00

0.64%

Sole

45K

Shared

0.00

None

0.00

PRO-DEX INC COLO

SOLE

COM NEW

Shares25K

TypeSH

Market value$443.00

0.63%

Sole

25K

Shared

0.00

None

0.00

GOOD TIMES RESTAURANTS INC

SOLE

COM NEW

Shares169.16K

TypeSH

Market value$367.00

0.52%

Sole

169.16K

Shared

0.00

None

0.00

PARTY CITY HOLDCO INC

SOLE

COM

Shares150K

TypeSH

Market value$237.00

0.34%

Sole

150K

Shared

0.00

None

0.00

SOUTHWEST AIRLS CO

SOLE

COM

Shares5K

TypeSH

Market value$154.00

0.22%

Sole

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
SPDR S&P 500 ETF TRSOLE	TR UNIT	92K	SH	$32.9K 46.78%	0.00	92K
SPDR GOLD TRSOLE	SHS GOLD	33.50K	SH	$5.2K 7.38%	0.00	33.50K
ISHARES TRSOLE	RUSSELL 2000 ETF	27K	SH	$4.5K 6.34%	7K	20K
COPA HOLDINGS SASOLE	NOTE 4.500% 4/1	3M	PRN	$4.3K 6.15%	3M	0.00
NORWEGIAN CRUISE LINE HLDG LSOLE	NOTE 5.375% 8/0	4M	PRN	$3.9K 5.59%	4M	0.00
DELTA AIR LINES INC DELSOLE	COM NEW	85K	SH	$2.4K 3.40%	85K	0.00
SOUTHWEST AIRLS COSOLE	NOTE 1.250% 5/0	2M	PRN	$2.3K 3.25%	2M	0.00
ATLAS CREST INVESTMENT CORPSOLE	COM CL A	200K	SH	$2.0K 2.80%	200K	0.00
CHURCHILL CAPITAL CORP VISOLE	COM CL A	200K	SH	$2.0K 2.80%	200K	0.00
SKYDECK ACQUISITION CORPSOLE	CLASS A ORD SHS	137.70K	SH	$1.4K 1.93%	137.70K	0.00
REVLON INCSOLE	CL A NEW	216.60K	SH	$1.1K 1.60%	0.00	216.60K
TZP STRATEGIES ACQUISTN CORPSOLE	CL A SHS	105K	SH	$1.0K 1.49%	105K	0.00
THE MUSIC ACQUISITION CORPSOLE	CLASS ACOM	100K	SH	$984.00 1.40%	100K	0.00
NINE ENERGY SERVICE INCSOLE	COM	290K	SH	$766.00 1.09%	290K	0.00
CALIFORNIA RES CORPSOLE	COM STOCK	18.97K	SH	$729.00 1.04%	18.97K	0.00
PERMIAN RESOURCES CORPSOLE	CLASS A COM ADDED	100K	SH	$680.00 0.97%	100K	0.00
BAUSCH HEALTH COS INCSOLE	COM	90K	SH	$620.00 0.88%	90K	0.00
CRYPTO 1 ACQUISITION CORPSOLE	CLASS A ORD	50K	SH	$502.00 0.71%	50K	0.00
EVO ACQUISITION CORPSOLE	COM CL A	50K	SH	$493.00 0.70%	50K	0.00
BOYD GAMING CORPSOLE	COM	10K	SH	$477.00 0.68%	10K	0.00
ALTENERGY ACQUISITION CORPSOLE	COM CL A	45K	SH	$451.00 0.64%	45K	0.00
PRO-DEX INC COLOSOLE	COM NEW	25K	SH	$443.00 0.63%	25K	0.00
GOOD TIMES RESTAURANTS INCSOLE	COM NEW	169.16K	SH	$367.00 0.52%	169.16K	0.00
PARTY CITY HOLDCO INCSOLE	COM	150K	SH	$237.00 0.34%	150K	0.00
SOUTHWEST AIRLS COSOLE	COM	5K	SH	$154.00 0.22%	5K	0.00

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