Q1 2026 · 13F-HR
Covalent Partners LLCholdings as filed
Filed 2026-05-15 · accession 0001531611-26-000004
$17.6M
Reported value
16
Positions
2026-03-31
Period end
The Brief · Covalent Partners LLC · Q1 2026
AI · grounded in 13F
Covalent Partners LLC established a new position in LIVE NATION ENTERTAINMENT IN [[stock:LYV 3.125 01/15/29]] valued at $1.52M. The fund also opened new stakes in BAUSCH PLUS LOMB CORP BLCO for $1.03M and BLACKSTONE INC BX for $804,930. On the sell side, the fund trimmed its holdings in CINEMARK HLDGS INC and ISHARES TR IWM by 70.4% and 70.3% respectively.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 464287655 | IWM | ISHARES TR | $3.3M | 19.1% | 13,500 | PUT | NONE |
| 394357107 | GCBC | GREENE CNTY BANCORP INC | $1.5M | 8.81% | 69,000 | Common | SOLE |
| 538034BA6 | LYV 3.125 01/15/29 | LIVE NATION ENTERTAINMENT IN | $1.5M | 8.65% | 1,000,000 | Common | SOLE |
| 707569109 | PENN | PENN ENTERTAINMENT INC | $1.4M | 7.71% | 90,000 | Common | SOLE |
| 13057Q305 | CRC | CALIFORNIA RES CORP | $1.3M | 7.48% | 18,974 | Common | SOLE |
| 90278Q108 | UFPI | UFP INDUSTRIES INC | $1.1M | 6.30% | 12,000 | Common | SOLE |
| 071705107 | BLCO | BAUSCH PLUS LOMB CORP | $1.0M | 5.89% | 65,000 | Common | SOLE |
| 85227J106 | SRBK | SR BANCORP INC | $1.0M | 5.77% | 60,000 | Common | SOLE |
| 703343AG8 | PATK 1.75 12/01/28 | PATRICK INDS INC | $865,250 | 4.93% | 500,000 | Common | SOLE |
| 566330106 | MCS | MARCUS CORP DEL | $858,500 | 4.89% | 50,000 | Common | SOLE |
| 26828M106 | ECBK | ECB BANCORP INC | $836,500 | 4.77% | 50,000 | Common | SOLE |
| 09260D107 | BX | BLACKSTONE INC | $804,930 | 4.59% | 7,000 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $740,340 | 4.22% | 2,000 | Common | SOLE |
| 17243V102 | CNK | CINEMARK HLDGS INC | $713,000 | 4.06% | 25,000 | Common | SOLE |
| 131193AE4 | CALY 2.75 05/01/26 | CALLAWAY GOLF CO | $499,500 | 2.85% | 500,000 | Common | SOLE |
| G29201111 | ECXWW | ECARX HOLDINGS INC | $3,900 | 0.02% | 75,000 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.