Covalent Partners LLC — 13F Holdings & Portfolio
CIK 1531611 · latest 13F-HR filed 2026-05-15
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
$17.6M
Long-equity book
16
Distinct positions
2026-03-31
Filed 2026-05-15
+4 / −0 / ↑6 / ↓4
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- CALIFORNIA RES CORP$465.1K +54.8%
- ECB BANCORP INC$262.6K +45.8%
- GREENE CNTY BANCORP INC$145.8K +10.4%
- MARCUS CORP DEL$83.0K +10.7%
- SR BANCORP INC$68.4K +7.2%
Top Trims
- CINEMARK HLDGS INC-$1.3M -63.7%
- CALLAWAY GOLF CO-$494.3K -49.7%
- UFP INDUSTRIES INC-$351.4K -24.1%
- PENN ENTERTAINMENT INC-$269.8K -16.6%
New Positions
- LIVE NATION ENTERTAINMENT IN$1.5M
- BAUSCH PLUS LOMB CORP$1.0M
- BLACKSTONE INC$804.9K
- MICROSOFT CORP$740.3K
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | ISHARES TR Put | IWM | 464287655 | $3.3M | 19.07% | 13,500 | SH |
| 2 | GREENE CNTY BANCORP INC | GCBC | 394357107 | $1.5M | 8.81% | 69,000 | SH |
| 3 | LIVE NATION ENTERTAINMENT IN | LYV | 538034BA6 | $1.5M | 8.65% | 1,000,000 | PRN |
| 4 | PENN ENTERTAINMENT INC | PENN | 707569109 | $1.4M | 7.71% | 90,000 | SH |
| 5 | CALIFORNIA RES CORP | CRC | 13057Q305 | $1.3M | 7.48% | 18,974 | SH |
| 6 | UFP INDUSTRIES INC | UFPI | 90278Q108 | $1.1M | 6.30% | 12,000 | SH |
| 7 | BAUSCH PLUS LOMB CORP | BLCO | 071705107 | $1.0M | 5.89% | 65,000 | SH |
| 8 | SR BANCORP INC | SRBK | 85227J106 | $1.0M | 5.77% | 60,000 | SH |
| 9 | PATRICK INDS INC | PATK | 703343AG8 | $865.2K | 4.93% | 500,000 | PRN |
| 10 | MARCUS CORP DEL | MCS | 566330106 | $858.5K | 4.89% | 50,000 | SH |
| 11 | ECB BANCORP INC | ECBK | 26828M106 | $836.5K | 4.77% | 50,000 | SH |
| 12 | BLACKSTONE INC | BX | 09260D107 | $804.9K | 4.59% | 7,000 | SH |
| 13 | MICROSOFT CORP | MSFT | 594918104 | $740.3K | 4.22% | 2,000 | SH |
| 14 | CINEMARK HLDGS INC | CNK | 17243V102 | $713.0K | 4.06% | 25,000 | SH |
| 15 | CALLAWAY GOLF CO | CALY | 131193AE4 | $499.5K | 2.85% | 500,000 | PRN |
| 16 | ECARX HOLDINGS INC | ECXWW | G29201111 | $3.9K | 0.02% | 75,000 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-15 | $17.6M | 16 | 0001531611-26-000004 |
| 2025-12-31 | 2026-02-17 | $22.6M | 12 | 0001531611-26-000003 |
| 2025-09-30 | 2025-11-14 | $26.6M | 18 | 0001531611-25-000005 |