Institutional
Covalent Partners LLC
CIK 0001531611
$17.6M
Reported AUM
16
Positions
Q1 2026
Period
2026-05-15
Filed
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.
Portfolio · Q1 2026
Top holdings
| # | Stock | Issuer | Price | Day % | 1Y Gr. | 5Y Gr. | Value | % of book | Δ shares (QoQ) | Status |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | IWM | ISHARES TR | $291.20 | -0.48% | 36.90% | 37.17% | $3.3M | 19.07% | — | HELD |
| 2 | GCBC | GREENE CNTY BANCORP INC | $33.46 | 0.06% | 47.51% | 126.69% | $1.5M | 8.81% | — | HELD |
| 3 | LYV 3.125 01/15/29 | LIVE NATION ENTERTAINMENT IN | — | — | — | — | $1.5M | 8.65% | — | HELD |
| 4 | PENN | PENN ENTERTAINMENT INC | $20.53 | 0.05% | 15.34% | -74.69% | $1.4M | 7.71% | — | HELD |
| 5 | CRC | CALIFORNIA RES CORP | $52.62 | 3.04% | 15.76% | 73.56% | $1.3M | 7.48% | — | HELD |
| 6 | UFPI | UFP INDUSTRIES INC | $86.74 | 0.65% | -9.89% | 22.49% | $1.1M | 6.30% | — | HELD |
| 7 | BLCO | BAUSCH PLUS LOMB CORP | $16.91 | -0.47% | 25.26% | 10.96% | $1.0M | 5.89% | — | HELD |
| 8 | SRBK | SR BANCORP INC | $19.55 | 0.57% | 41.82% | 146.95% | $1.0M | 5.77% | — | HELD |
| 9 | PATK 1.75 12/01/28 | PATRICK INDS INC | — | — | — | — | $865K | 4.93% | — | HELD |
| 10 | MCS | MARCUS CORP DEL | $29.10 | -1.99% | 99.60% | 99.82% | $859K | 4.89% | — | HELD |
| 11 | ECBK | ECB BANCORP INC | $20.55 | 1.28% | 33.70% | 46.37% | $837K | 4.77% | — | HELD |
| 12 | BX | BLACKSTONE INC | $127.75 | -0.25% | -22.31% | 19.78% | $805K | 4.59% | — | HELD |
| 13 | MSFT | MICROSOFT CORP | $464.72 | 3.02% | -10.62% | 60.10% | $740K | 4.22% | — | HELD |
| 14 | CNK | CINEMARK HLDGS INC | $36.59 | 1.22% | 43.27% | 109.06% | $713K | 4.06% | — | HELD |
| 15 | CALY 2.75 05/01/26 | CALLAWAY GOLF CO | — | — | — | — | $500K | 2.85% | — | HELD |
| 16 | ECXWW | ECARX HOLDINGS INC | — | — | — | — | $4K | 0.02% | — | HELD |
Source: SEC EDGAR · accession 0001531611-26-000004. 13F discloses long positions only — shorts, foreign equities, and options are excluded.