Filed: 5/15/2025ACC: 0001531611-25-000002
📋 What this filing means
COVALENT PARTNERS LLC filed this quarterly 13F‑HR report disclosing 15 equity positions with a total reported market value of $20.21M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
15
Positions
$20.21M
Total AUM (reported)
3.75M
Total Shares
Allocation by class
COM$4.86M24.0%
RUSSELL 2000 ETF$3.99M19.7%
TR UNIT$3.08M15.2%
NOTE 1.750%12/0$2.10M10.4%
PFD C CV 5.75%$1.97M9.8%
NOTE 2.750% 5/0$971.0K4.8%
COM STOCK$834.3K4.1%
Portfolio Concentration
Top 3$10.10M50.0%
4–10$8.90M44.0%
11–25$1.21M6.0%
Top 3 weight
50.0%
Top 10 weight
94.0%
Voting Authority Distribution
Total shares with voting rights: 3.75M
Sole
Full voting authority
3.72M
shares
% of voting shares99.3%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
25.50K
shares
% of voting shares0.7%
Investment Discretion (by position count)
Sole15
Shared0
Other0
Dominant voting typeSole · 99.3% of voting shares
Institutional Holdings15
Rows:
ISHARES TR
SOLEShares20K
TypeSH
Market value$3.99M
19.74%
Sole
0.00
Shared
0.00
None
20K
SPDR S&P 500 ETF TR
SOLEShares5.50K
TypeSH
Market value$3.08M
15.22%
Sole
0.00
Shared
0.00
None
5.50K
CINEMARK HLDGS INC
SOLEShares122K
TypeSH
Market value$3.04M
15.02%
Sole
122K
Shared
0.00
None
0.00
PATRICK INDS INC
SOLEShares1.50M
TypePRN
Market value$2.10M
10.37%
Sole
1.50M
Shared
0.00
None
0.00
EPR PPTYS
SOLEShares85.56K
TypeSH
Market value$1.97M
9.77%
Sole
85.56K
Shared
0.00
None
0.00
MARCUS CORP DEL
SOLEShares109K
TypeSH
Market value$1.82M
9.00%
Sole
109K
Shared
0.00
None
0.00
TOPGOLF CALLAWAY BRANDS CORP
SOLEShares1M
TypePRN
Market value$971.0K
4.80%
Sole
1M
Shared
0.00
None
0.00
CALIFORNIA RES CORP
SOLEShares18.97K
TypeSH
Market value$834.3K
4.13%
Sole
18.97K
Shared
0.00
None
0.00
SPHERE ENTERTAINMENT CO
SOLEShares500K
TypePRN
Market value$601.8K
2.98%
Sole
500K
Shared
0.00
None
0.00
EPR PPTYS
SOLEShares20K
TypeSH
Market value$600.2K
2.97%
Sole
20K
Shared
0.00
None
0.00
VIVID SEATS INC
SOLEShares175K
TypeSH
Market value$518.0K
2.56%
Sole
175K
Shared
0.00
None
0.00
NOBLE CORP PLC
SOLEShares16.93K
TypeSH
Market value$401.3K
1.99%
Sole
16.93K
Shared
0.00
None
0.00
AMC ENTMT HLDGS INC
SOLEShares95K
TypeSH
Market value$272.6K
1.35%
Sole
95K
Shared
0.00
None
0.00
TH INTERNATIONAL LIMITED
SOLEShares5.24K
TypeSH
Market value$15.4K
0.08%
Sole
5.24K
Shared
0.00
None
0.00
ECARX HOLDINGS INC
SOLEShares75K
TypeSH
Market value$4.5K
0.02%
Sole
75K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
ISHARES TRSOLE | RUSSELL 2000 ETF | 20K | SH | $3.99M 19.74% | 0.00 | 0.00 | 20K |
SPDR S&P 500 ETF TRSOLE | TR UNIT | 5.50K | SH | $3.08M 15.22% | 0.00 | 0.00 | 5.50K |
CINEMARK HLDGS INCSOLE | COM | 122K | SH | $3.04M 15.02% | 122K | 0.00 | 0.00 |
PATRICK INDS INCSOLE | NOTE 1.750%12/0 | 1.50M | PRN | $2.10M 10.37% | 1.50M | 0.00 | 0.00 |
EPR PPTYSSOLE | PFD C CV 5.75% | 85.56K | SH | $1.97M 9.77% | 85.56K | 0.00 | 0.00 |
MARCUS CORP DELSOLE | COM | 109K | SH | $1.82M 9.00% | 109K | 0.00 | 0.00 |
TOPGOLF CALLAWAY BRANDS CORPSOLE | NOTE 2.750% 5/0 | 1M | PRN | $971.0K 4.80% | 1M | 0.00 | 0.00 |
CALIFORNIA RES CORPSOLE | COM STOCK | 18.97K | SH | $834.3K 4.13% | 18.97K | 0.00 | 0.00 |
SPHERE ENTERTAINMENT COSOLE | NOTE 3.500%12/0 | 500K | PRN | $601.8K 2.98% | 500K | 0.00 | 0.00 |
EPR PPTYSSOLE | CONV PFD 9% SR E | 20K | SH | $600.2K 2.97% | 20K | 0.00 | 0.00 |
VIVID SEATS INCSOLE | COM CL A | 175K | SH | $518.0K 2.56% | 175K | 0.00 | 0.00 |
NOBLE CORP PLCSOLE | ORD SHS A | 16.93K | SH | $401.3K 1.99% | 16.93K | 0.00 | 0.00 |
AMC ENTMT HLDGS INCSOLE | CL A NEW | 95K | SH | $272.6K 1.35% | 95K | 0.00 | 0.00 |
TH INTERNATIONAL LIMITEDSOLE | SHS NEW | 5.24K | SH | $15.4K 0.08% | 5.24K | 0.00 | 0.00 |
ECARX HOLDINGS INCSOLE | *W EXP 99/99/999 | 75K | SH | $4.5K 0.02% | 75K | 0.00 | 0.00 |