Filed: 5/15/2026ACC: 0001531611-26-000004
📋 What this filing means
COVALENT PARTNERS LLC filed this quarterly 13F‑HR report disclosing 16 equity positions with a total reported market value of $17.55M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
16
Positions
$17.55M
Total AUM (reported)
2.54M
Total Shares
Allocation by class
COM$8.97M51.1%
RUSSELL 2000 ETF$3.35M19.1%
NOTE 3.125% 1/1$1.52M8.7%
COM STOCK$1.31M7.5%
COMMON SHARES$1.03M5.9%
NOTE 1.750%12/0$865.3K4.9%
NOTE 2.750% 5/0$499.5K2.8%
Portfolio Concentration
Top 3$6.41M36.5%
4–10$7.54M43.0%
11–25$3.60M20.5%
Top 3 weight
36.5%
Top 10 weight
79.5%
Voting Authority Distribution
Total shares with voting rights: 2.54M
Sole
Full voting authority
2.52M
shares
% of voting shares99.5%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
13.50K
shares
% of voting shares0.5%
Investment Discretion (by position count)
Sole16
Shared0
Other0
Dominant voting typeSole · 99.5% of voting shares
Institutional Holdings16
Rows:
ISHARES TR
SOLEShares13.50K
TypeSH
Market value$3.35M
19.07%
Sole
0.00
Shared
0.00
None
13.50K
GREENE CNTY BANCORP INC
SOLEShares69K
TypeSH
Market value$1.55M
8.81%
Sole
69K
Shared
0.00
None
0.00
LIVE NATION ENTERTAINMENT IN
SOLEShares1M
TypePRN
Market value$1.52M
8.65%
Sole
1M
Shared
0.00
None
0.00
PENN ENTERTAINMENT INC
SOLEShares90K
TypeSH
Market value$1.35M
7.71%
Sole
90K
Shared
0.00
None
0.00
CALIFORNIA RES CORP
SOLEShares18.97K
TypeSH
Market value$1.31M
7.48%
Sole
18.97K
Shared
0.00
None
0.00
UFP INDUSTRIES INC
SOLEShares12K
TypeSH
Market value$1.11M
6.30%
Sole
12K
Shared
0.00
None
0.00
BAUSCH PLUS LOMB CORP
SOLEShares65K
TypeSH
Market value$1.03M
5.89%
Sole
65K
Shared
0.00
None
0.00
SR BANCORP INC
SOLEShares60K
TypeSH
Market value$1.01M
5.77%
Sole
60K
Shared
0.00
None
0.00
PATRICK INDS INC
SOLEShares500K
TypePRN
Market value$865.3K
4.93%
Sole
500K
Shared
0.00
None
0.00
MARCUS CORP DEL
SOLEShares50K
TypeSH
Market value$858.5K
4.89%
Sole
50K
Shared
0.00
None
0.00
ECB BANCORP INC
SOLEShares50K
TypeSH
Market value$836.5K
4.77%
Sole
50K
Shared
0.00
None
0.00
BLACKSTONE INC
SOLEShares7K
TypeSH
Market value$804.9K
4.59%
Sole
7K
Shared
0.00
None
0.00
MICROSOFT CORP
SOLEShares2K
TypeSH
Market value$740.3K
4.22%
Sole
2K
Shared
0.00
None
0.00
CINEMARK HLDGS INC
SOLEShares25K
TypeSH
Market value$713.0K
4.06%
Sole
25K
Shared
0.00
None
0.00
CALLAWAY GOLF CO
SOLEShares500K
TypePRN
Market value$499.5K
2.85%
Sole
500K
Shared
0.00
None
0.00
ECARX HOLDINGS INC
SOLEShares75K
TypeSH
Market value$3.9K
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 | 13.50K | SH | $3.35M 19.07% | 0.00 | 0.00 | 13.50K |
GREENE CNTY BANCORP INCSOLE | COM | 69K | SH | $1.55M 8.81% | 69K | 0.00 | 0.00 |
LIVE NATION ENTERTAINMENT INSOLE | NOTE 3.125% 1/1 | 1M | PRN | $1.52M 8.65% | 1M | 0.00 | 0.00 |
PENN ENTERTAINMENT INCSOLE | COM | 90K | SH | $1.35M 7.71% | 90K | 0.00 | 0.00 |
CALIFORNIA RES CORPSOLE | COM STOCK | 18.97K | SH | $1.31M 7.48% | 18.97K | 0.00 | 0.00 |
UFP INDUSTRIES INCSOLE | COM | 12K | SH | $1.11M 6.30% | 12K | 0.00 | 0.00 |
BAUSCH PLUS LOMB CORPSOLE | COMMON SHARES | 65K | SH | $1.03M 5.89% | 65K | 0.00 | 0.00 |
SR BANCORP INCSOLE | COM | 60K | SH | $1.01M 5.77% | 60K | 0.00 | 0.00 |
PATRICK INDS INCSOLE | NOTE 1.750%12/0 | 500K | PRN | $865.3K 4.93% | 500K | 0.00 | 0.00 |
MARCUS CORP DELSOLE | COM | 50K | SH | $858.5K 4.89% | 50K | 0.00 | 0.00 |
ECB BANCORP INCSOLE | COM | 50K | SH | $836.5K 4.77% | 50K | 0.00 | 0.00 |
BLACKSTONE INCSOLE | COM | 7K | SH | $804.9K 4.59% | 7K | 0.00 | 0.00 |
MICROSOFT CORPSOLE | COM | 2K | SH | $740.3K 4.22% | 2K | 0.00 | 0.00 |
CINEMARK HLDGS INCSOLE | COM | 25K | SH | $713.0K 4.06% | 25K | 0.00 | 0.00 |
CALLAWAY GOLF COSOLE | NOTE 2.750% 5/0 | 500K | PRN | $499.5K 2.85% | 500K | 0.00 | 0.00 |
ECARX HOLDINGS INCSOLE | *W EXP 99/99/999 | 75K | SH | $3.9K 0.02% | 75K | 0.00 | 0.00 |