Filed: 8/14/2025ACC: 0001531611-25-000004
📋 What this filing means
COVALENT PARTNERS LLC filed this quarterly 13F‑HR report disclosing 11 equity positions with a total reported market value of $41.60M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
11
Positions
$41.60M
Total AUM (reported)
4.27M
Total Shares
Allocation by class
IBOXX HI YD ETF$27.42M65.9%
COM$5.14M12.4%
NOTE 1.750%12/0$2.22M5.3%
PFD C CV 5.75%$2.14M5.2%
CL A NEW$1.51M3.6%
NOTE 2.750% 5/0$971.0K2.3%
COM STOCK$866.5K2.1%
Portfolio Concentration
Top 3$32.56M78.3%
4–10$9.03M21.7%
11–25$4.4K0.0%
Top 3 weight
78.3%
Top 10 weight
100.0%
Voting Authority Distribution
Total shares with voting rights: 4.27M
Sole
Full voting authority
3.93M
shares
% of voting shares92.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
340K
shares
% of voting shares8.0%
Investment Discretion (by position count)
Sole11
Shared0
Other0
Dominant voting typeSole · 92.0% of voting shares
Institutional Holdings11
Rows:
ISHARES TR
SOLEShares340K
TypeSH
Market value$27.42M
65.92%
Sole
0.00
Shared
0.00
None
340K
MARCUS CORP DEL
SOLEShares167K
TypeSH
Market value$2.82M
6.77%
Sole
167K
Shared
0.00
None
0.00
CINEMARK HLDGS INC
SOLEShares77K
TypeSH
Market value$2.32M
5.59%
Sole
77K
Shared
0.00
None
0.00
PATRICK INDS INC
SOLEShares1.50M
TypePRN
Market value$2.22M
5.34%
Sole
1.50M
Shared
0.00
None
0.00
EPR PPTYS
SOLEShares85.56K
TypeSH
Market value$2.14M
5.15%
Sole
85.56K
Shared
0.00
None
0.00
AMC ENTMT HLDGS INC
SOLEShares486K
TypeSH
Market value$1.51M
3.62%
Sole
486K
Shared
0.00
None
0.00
TOPGOLF CALLAWAY BRANDS CORP
SOLEShares1M
TypePRN
Market value$971.0K
2.33%
Sole
1M
Shared
0.00
None
0.00
CALIFORNIA RES CORP
SOLEShares18.97K
TypeSH
Market value$866.5K
2.08%
Sole
18.97K
Shared
0.00
None
0.00
SPHERE ENTERTAINMENT CO
SOLEShares500K
TypePRN
Market value$700.8K
1.68%
Sole
500K
Shared
0.00
None
0.00
EPR PPTYS
SOLEShares20K
TypeSH
Market value$623.6K
1.50%
Sole
20K
Shared
0.00
None
0.00
ECARX HOLDINGS INC
SOLEShares75K
TypeSH
Market value$4.4K
0.01%
Sole
75K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
ISHARES TRSOLE | IBOXX HI YD ETF | 340K | SH | $27.42M 65.92% | 0.00 | 0.00 | 340K |
MARCUS CORP DELSOLE | COM | 167K | SH | $2.82M 6.77% | 167K | 0.00 | 0.00 |
CINEMARK HLDGS INCSOLE | COM | 77K | SH | $2.32M 5.59% | 77K | 0.00 | 0.00 |
PATRICK INDS INCSOLE | NOTE 1.750%12/0 | 1.50M | PRN | $2.22M 5.34% | 1.50M | 0.00 | 0.00 |
EPR PPTYSSOLE | PFD C CV 5.75% | 85.56K | SH | $2.14M 5.15% | 85.56K | 0.00 | 0.00 |
AMC ENTMT HLDGS INCSOLE | CL A NEW | 486K | SH | $1.51M 3.62% | 486K | 0.00 | 0.00 |
TOPGOLF CALLAWAY BRANDS CORPSOLE | NOTE 2.750% 5/0 | 1M | PRN | $971.0K 2.33% | 1M | 0.00 | 0.00 |
CALIFORNIA RES CORPSOLE | COM STOCK | 18.97K | SH | $866.5K 2.08% | 18.97K | 0.00 | 0.00 |
SPHERE ENTERTAINMENT COSOLE | NOTE 3.500%12/0 | 500K | PRN | $700.8K 1.68% | 500K | 0.00 | 0.00 |
EPR PPTYSSOLE | CONV PFD 9% SR E | 20K | SH | $623.6K 1.50% | 20K | 0.00 | 0.00 |
ECARX HOLDINGS INCSOLE | *W EXP 99/99/999 | 75K | SH | $4.4K 0.01% | 75K | 0.00 | 0.00 |