Filed: 2/14/2025ACC: 0001531611-25-000001
📋 What this filing means
COVALENT PARTNERS LLC filed this quarterly 13F‑HR report disclosing 17 equity positions with a total reported market value of $27.32M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
17
Positions
$27.32M
Total AUM (reported)
3.46M
Total Shares
Allocation by class
RUSSELL 2000 ETF$12.15M44.5%
COM$4.62M16.9%
PFD C CV 5.75%$1.99M7.3%
NOTE 2.125% 2/1$1.60M5.8%
COM CL A$1.39M5.1%
NOTE 2.000% 2/1$1.23M4.5%
COM STOCK$984.6K3.6%
Portfolio Concentration
Top 3$16.31M59.7%
4–10$8.44M30.9%
11–25$2.57M9.4%
Top 3 weight
59.7%
Top 10 weight
90.6%
Voting Authority Distribution
Total shares with voting rights: 3.46M
Sole
Full voting authority
3.28M
shares
% of voting shares94.9%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
175K
shares
% of voting shares5.1%
Investment Discretion (by position count)
Sole17
Shared0
Other0
Dominant voting typeSole · 94.9% of voting shares
Institutional Holdings17
Rows:
ISHARES TR
SOLEShares55K
TypeSH
Market value$12.15M
44.49%
Sole
0.00
Shared
0.00
None
55K
CINEMARK HLDGS INC
SOLEShares70K
TypeSH
Market value$2.17M
7.94%
Sole
70K
Shared
0.00
None
0.00
EPR PPTYS
SOLEShares95.56K
TypeSH
Market value$1.99M
7.28%
Sole
95.56K
Shared
0.00
None
0.00
MARCUS CORP DEL
SOLEShares80K
TypeSH
Market value$1.72M
6.30%
Sole
80K
Shared
0.00
None
0.00
INTEGER HLDGS CORP
SOLEShares1M
TypePRN
Market value$1.60M
5.85%
Sole
1M
Shared
0.00
None
0.00
VIVID SEATS INC
SOLEShares300K
TypeSH
Market value$1.39M
5.08%
Sole
300K
Shared
0.00
None
0.00
LIVE NATION ENTERTAINMENT IN
SOLEShares1M
TypePRN
Market value$1.23M
4.49%
Sole
1M
Shared
0.00
None
0.00
CALIFORNIA RES CORP
SOLEShares18.97K
TypeSH
Market value$984.6K
3.60%
Sole
18.97K
Shared
0.00
None
0.00
ALTA EQUIPMENT GROUP INC
SOLEShares120K
TypeSH
Market value$784.8K
2.87%
Sole
0.00
Shared
0.00
None
120K
LGI HOMES INC
SOLEShares8.20K
TypeSH
Market value$733.1K
2.68%
Sole
8.20K
Shared
0.00
None
0.00
SPHERE ENTERTAINMENT CO
SOLEShares500K
TypePRN
Market value$681.5K
2.49%
Sole
500K
Shared
0.00
None
0.00
EPR PPTYS
SOLEShares12.50K
TypeSH
Market value$553.5K
2.03%
Sole
12.50K
Shared
0.00
None
0.00
EPR PPTYS
SOLEShares20K
TypeSH
Market value$544.6K
1.99%
Sole
20K
Shared
0.00
None
0.00
NOBLE CORP PLC
SOLEShares16.93K
TypeSH
Market value$531.6K
1.95%
Sole
16.93K
Shared
0.00
None
0.00
AMC ENTMT HLDGS INC
SOLEShares60K
TypeSH
Market value$238.8K
0.87%
Sole
60K
Shared
0.00
None
0.00
TH INTERNATIONAL LIMITED
SOLEShares26.21K
TypeSH
Market value$18.6K
0.07%
Sole
26.21K
Shared
0.00
None
0.00
ECARX HOLDINGS INC
SOLEShares75K
TypeSH
Market value$3.8K
0.01%
Sole
75K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
ISHARES TRSOLE | RUSSELL 2000 ETF | 55K | SH | $12.15M 44.49% | 0.00 | 0.00 | 55K |
CINEMARK HLDGS INCSOLE | COM | 70K | SH | $2.17M 7.94% | 70K | 0.00 | 0.00 |
EPR PPTYSSOLE | PFD C CV 5.75% | 95.56K | SH | $1.99M 7.28% | 95.56K | 0.00 | 0.00 |
MARCUS CORP DELSOLE | COM | 80K | SH | $1.72M 6.30% | 80K | 0.00 | 0.00 |
INTEGER HLDGS CORPSOLE | NOTE 2.125% 2/1 | 1M | PRN | $1.60M 5.85% | 1M | 0.00 | 0.00 |
VIVID SEATS INCSOLE | COM CL A | 300K | SH | $1.39M 5.08% | 300K | 0.00 | 0.00 |
LIVE NATION ENTERTAINMENT INSOLE | NOTE 2.000% 2/1 | 1M | PRN | $1.23M 4.49% | 1M | 0.00 | 0.00 |
CALIFORNIA RES CORPSOLE | COM STOCK | 18.97K | SH | $984.6K 3.60% | 18.97K | 0.00 | 0.00 |
ALTA EQUIPMENT GROUP INCSOLE | COMMON STOCK | 120K | SH | $784.8K 2.87% | 0.00 | 0.00 | 120K |
LGI HOMES INCSOLE | COM | 8.20K | SH | $733.1K 2.68% | 8.20K | 0.00 | 0.00 |
SPHERE ENTERTAINMENT COSOLE | NOTE 3.500%12/0 ADDED | 500K | PRN | $681.5K 2.49% | 500K | 0.00 | 0.00 |
EPR PPTYSSOLE | COM SH BEN INT | 12.50K | SH | $553.5K 2.03% | 12.50K | 0.00 | 0.00 |
EPR PPTYSSOLE | CONV PFD 9% SR E | 20K | SH | $544.6K 1.99% | 20K | 0.00 | 0.00 |
NOBLE CORP PLCSOLE | ORD SHS A | 16.93K | SH | $531.6K 1.95% | 16.93K | 0.00 | 0.00 |
AMC ENTMT HLDGS INCSOLE | CL A NEW | 60K | SH | $238.8K 0.87% | 60K | 0.00 | 0.00 |
TH INTERNATIONAL LIMITEDSOLE | ORDINARY SHARES | 26.21K | SH | $18.6K 0.07% | 26.21K | 0.00 | 0.00 |
ECARX HOLDINGS INCSOLE | *W EXP 99/99/999 | 75K | SH | $3.8K 0.01% | 75K | 0.00 | 0.00 |