Filed: 5/15/2024ACC: 0001531611-24-000002
📋 What this filing means
COVALENT PARTNERS LLC filed this quarterly 13F‑HR report disclosing 17 equity positions with a total reported market value of $13.06M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
17
Positions
$13.06M
Total AUM (reported)
4.99M
Total Shares
Allocation by class
NOTE 5.375% 8/0$3.92M30.0%
COM$3.88M29.7%
CLASS A COM$1.77M13.5%
COM STOCK$1.05M8.0%
NOTE 4.000% 6/0$991.9K7.6%
COM CL A$599.0K4.6%
*W EXP 02/04/202$343.0K2.6%
Portfolio Concentration
Top 3$7.93M60.7%
4–10$4.71M36.1%
11–25$412.0K3.2%
Top 3 weight
60.7%
Top 10 weight
96.8%
Voting Authority Distribution
Total shares with voting rights: 4.99M
Sole
Full voting authority
4.99M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole17
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings17
Rows:
NCL CORP LTD
SOLEShares3M
TypePRN
Market value$3.92M
30.02%
Sole
3M
Shared
0.00
None
0.00
CINEMARK HLDGS INC
SOLEShares125K
TypeSH
Market value$2.25M
17.20%
Sole
125K
Shared
0.00
None
0.00
PERMIAN RESOURCES CORP
SOLEShares100K
TypeSH
Market value$1.77M
13.52%
Sole
100K
Shared
0.00
None
0.00
DMC GLOBAL INC
SOLEShares72K
TypeSH
Market value$1.40M
10.74%
Sole
72K
Shared
0.00
None
0.00
CALIFORNIA RES CORP
SOLEShares18.97K
TypeSH
Market value$1.05M
8.01%
Sole
18.97K
Shared
0.00
None
0.00
PETIQ INC
SOLEShares1M
TypePRN
Market value$991.9K
7.59%
Sole
1M
Shared
0.00
None
0.00
VIVID SEATS INC
SOLEShares100K
TypeSH
Market value$599.0K
4.59%
Sole
100K
Shared
0.00
None
0.00
PRO-DEX INC COLO
SOLEShares14.05K
TypeSH
Market value$247.3K
1.89%
Sole
14.05K
Shared
0.00
None
0.00
NOBLE CORP PLC
SOLEShares4.47K
TypeSH
Market value$217.0K
1.66%
Sole
4.47K
Shared
0.00
None
0.00
SURF AIR MOBILITY INC
SOLEShares250K
TypeSH
Market value$210.8K
1.61%
Sole
250K
Shared
0.00
None
0.00
NOBLE CORP PLC
SOLEShares6.23K
TypeSH
Market value$184.8K
1.41%
Sole
6.23K
Shared
0.00
None
0.00
NOBLE CORP PLC
SOLEShares6.23K
TypeSH
Market value$158.2K
1.21%
Sole
6.23K
Shared
0.00
None
0.00
TH INTERNATIONAL LIMITED
SOLEShares26.21K
TypeSH
Market value$30.1K
0.23%
Sole
26.21K
Shared
0.00
None
0.00
NINE ENERGY SERVICE INC
SOLEShares10K
TypeSH
Market value$22.4K
0.17%
Sole
10K
Shared
0.00
None
0.00
VERTICAL AEROSPACE LTD
SOLEShares164.10K
TypeSH
Market value$13.1K
0.10%
Sole
164.10K
Shared
0.00
None
0.00
ECARX HOLDINGS INC
SOLEShares75K
TypeSH
Market value$2.3K
0.02%
Sole
75K
Shared
0.00
None
0.00
ALTENERGY ACQUISITION CORP
SOLEShares22.50K
TypeSH
Market value$1.1K
<0.01%
Sole
22.50K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
NCL CORP LTDSOLE | NOTE 5.375% 8/0 | 3M | PRN | $3.92M 30.02% | 3M | 0.00 | 0.00 |
CINEMARK HLDGS INCSOLE | COM | 125K | SH | $2.25M 17.20% | 125K | 0.00 | 0.00 |
PERMIAN RESOURCES CORPSOLE | CLASS A COM | 100K | SH | $1.77M 13.52% | 100K | 0.00 | 0.00 |
DMC GLOBAL INCSOLE | COM | 72K | SH | $1.40M 10.74% | 72K | 0.00 | 0.00 |
CALIFORNIA RES CORPSOLE | COM STOCK | 18.97K | SH | $1.05M 8.01% | 18.97K | 0.00 | 0.00 |
PETIQ INCSOLE | NOTE 4.000% 6/0 | 1M | PRN | $991.9K 7.59% | 1M | 0.00 | 0.00 |
VIVID SEATS INCSOLE | COM CL A | 100K | SH | $599.0K 4.59% | 100K | 0.00 | 0.00 |
PRO-DEX INC COLOSOLE | COM NEW | 14.05K | SH | $247.3K 1.89% | 14.05K | 0.00 | 0.00 |
NOBLE CORP PLCSOLE | ORD SHS A | 4.47K | SH | $217.0K 1.66% | 4.47K | 0.00 | 0.00 |
SURF AIR MOBILITY INCSOLE | COM | 250K | SH | $210.8K 1.61% | 250K | 0.00 | 0.00 |
NOBLE CORP PLCSOLE | *W EXP 02/04/202 | 6.23K | SH | $184.8K 1.41% | 6.23K | 0.00 | 0.00 |
NOBLE CORP PLCSOLE | *W EXP 02/04/202 | 6.23K | SH | $158.2K 1.21% | 6.23K | 0.00 | 0.00 |
TH INTERNATIONAL LIMITEDSOLE | ORDINARY SHARES | 26.21K | SH | $30.1K 0.23% | 26.21K | 0.00 | 0.00 |
NINE ENERGY SERVICE INCSOLE | COM | 10K | SH | $22.4K 0.17% | 10K | 0.00 | 0.00 |
VERTICAL AEROSPACE LTDSOLE | *W EXP 12/16/202 | 164.10K | SH | $13.1K 0.10% | 164.10K | 0.00 | 0.00 |
ECARX HOLDINGS INCSOLE | *W EXP 99/99/999 | 75K | SH | $2.3K 0.02% | 75K | 0.00 | 0.00 |
ALTENERGY ACQUISITION CORPSOLE | *W EXP 10/29/202 | 22.50K | SH | $1.1K <0.01% | 22.50K | 0.00 | 0.00 |