Filed: 2/17/2026ACC: 0001531611-26-000003
📋 What this filing means
COVALENT PARTNERS LLC filed this quarterly 13F‑HR report disclosing 12 equity positions with a total reported market value of $22.63M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
12
Positions
$22.63M
Total AUM (reported)
2.06M
Total Shares
Allocation by class
RUSSELL 2000 ETF$11.20M49.5%
COM$8.74M38.6%
NOTE 2.750% 5/0$993.8K4.4%
NOTE 1.750%12/0$848.5K3.7%
COM STOCK$848.3K3.7%
*W EXP 99/99/999$3.4K0.0%
Portfolio Concentration
Top 3$14.79M65.3%
4–10$7.27M32.1%
11–25$577.3K2.6%
Top 3 weight
65.3%
Top 10 weight
97.4%
Voting Authority Distribution
Total shares with voting rights: 2.06M
Sole
Full voting authority
2.01M
shares
% of voting shares97.8%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
45.50K
shares
% of voting shares2.2%
Investment Discretion (by position count)
Sole12
Shared0
Other0
Dominant voting typeSole · 97.8% of voting shares
Institutional Holdings12
Rows:
ISHARES TR
SOLEShares45.50K
TypeSH
Market value$11.20M
49.49%
Sole
0.00
Shared
0.00
None
45.50K
CINEMARK HLDGS INC
SOLEShares84.50K
TypeSH
Market value$1.96M
8.68%
Sole
84.50K
Shared
0.00
None
0.00
PENN ENTERTAINMENT INC
SOLEShares110K
TypeSH
Market value$1.62M
7.17%
Sole
110K
Shared
0.00
None
0.00
UFP INDUSTRIES INC
SOLEShares16K
TypeSH
Market value$1.46M
6.44%
Sole
16K
Shared
0.00
None
0.00
GREENE CNTY BANCORP INC
SOLEShares63K
TypeSH
Market value$1.40M
6.19%
Sole
63K
Shared
0.00
None
0.00
TOPGOLF CALLAWAY BRANDS CORP
SOLEShares1M
TypePRN
Market value$993.8K
4.39%
Sole
1M
Shared
0.00
None
0.00
SR BANCORP INC
SOLEShares60K
TypeSH
Market value$944.4K
4.17%
Sole
60K
Shared
0.00
None
0.00
PATRICK INDS INC
SOLEShares500K
TypePRN
Market value$848.5K
3.75%
Sole
500K
Shared
0.00
None
0.00
CALIFORNIA RES CORP
SOLEShares18.97K
TypeSH
Market value$848.3K
3.75%
Sole
18.97K
Shared
0.00
None
0.00
MARCUS CORP DEL
SOLEShares50K
TypeSH
Market value$775.5K
3.43%
Sole
50K
Shared
0.00
None
0.00
ECB BANCORP INC
SOLEShares33K
TypeSH
Market value$573.9K
2.54%
Sole
33K
Shared
0.00
None
0.00
ECARX HOLDINGS INC
SOLEShares75K
TypeSH
Market value$3.4K
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 | 45.50K | SH | $11.20M 49.49% | 0.00 | 0.00 | 45.50K |
CINEMARK HLDGS INCSOLE | COM | 84.50K | SH | $1.96M 8.68% | 84.50K | 0.00 | 0.00 |
PENN ENTERTAINMENT INCSOLE | COM | 110K | SH | $1.62M 7.17% | 110K | 0.00 | 0.00 |
UFP INDUSTRIES INCSOLE | COM | 16K | SH | $1.46M 6.44% | 16K | 0.00 | 0.00 |
GREENE CNTY BANCORP INCSOLE | COM | 63K | SH | $1.40M 6.19% | 63K | 0.00 | 0.00 |
TOPGOLF CALLAWAY BRANDS CORPSOLE | NOTE 2.750% 5/0 | 1M | PRN | $993.8K 4.39% | 1M | 0.00 | 0.00 |
SR BANCORP INCSOLE | COM | 60K | SH | $944.4K 4.17% | 60K | 0.00 | 0.00 |
PATRICK INDS INCSOLE | NOTE 1.750%12/0 | 500K | PRN | $848.5K 3.75% | 500K | 0.00 | 0.00 |
CALIFORNIA RES CORPSOLE | COM STOCK | 18.97K | SH | $848.3K 3.75% | 18.97K | 0.00 | 0.00 |
MARCUS CORP DELSOLE | COM | 50K | SH | $775.5K 3.43% | 50K | 0.00 | 0.00 |
ECB BANCORP INCSOLE | COM | 33K | SH | $573.9K 2.54% | 33K | 0.00 | 0.00 |
ECARX HOLDINGS INCSOLE | *W EXP 99/99/999 | 75K | SH | $3.4K 0.01% | 75K | 0.00 | 0.00 |