Covalent Partners is based out of Concord. Covalent Partners is a hedge fund with 4 clients and discretionary assets under management (AUM) of $93,747,000 (Form ADV from 2023-05-12). Their last reported 13F filing for Q4 2023 included $22,903,299 in managed 13F securities
and a top 10 holdings concentration of 94.36%. Covalent Partners's largest holding is NCL CORP LTD NOTE 5.375% 8/0 with shares held of 4,000,000. Whalewisdom has at least 50 13F filings, and 8 13G filings
2023-12-31
Top Buys (13F)
Name | % Change |
---|---|
HYG iShares iBoxx USD Hi | 18.25% |
IWM iShares Russell 2000 | 9.97% |
DAL Delta Air Lines Inc. | 3.65% |
CIFR Cipher Mining Inc | 0.9% |
NINE Nine Energy Service | 0.12% |
2023-12-31
Top Sells (13F)
Name | % Change |
---|---|
IWM iShares Russell 2000 (PUT) | 18.58% |
IEF iShares 7-10 Year Tr | 13.53% |
DEBT-NINE NINE ENERGY SERVICE (PRN) | 5.93% |
CNK Cinemark Holdings In | 2.18% |
NE Noble Corp Plc | 1.65% |
2023-12-31
13F Holdings Summary
Name | $ Change |
---|---|
DEBT-NCL NCL CORP LTD NOTE 5. | 22.41% |
IWM iShares Russell 2000 | 20.16% |
HYG iShares iBoxx USD Hi | 18.25% |
IWM iShares Russell 2000 | 9.97% |
DAL Delta Air Lines Inc. | 7.2% |
2023-12-31
13F Activity
Market Value | $22.9m, Prior: $31.3m |
New Purchases | 4 stocks |
Added To | 1 stocks |
Sold out of | 5 stocks |
Reduced holdings in | 5 stocks |
Top 10 Holdings % | 94.36% |
Turnover %[1] | 37.5% |
Turnover Alt %[2] | 31.17% |
Time Held Top 20 | 3.1 quarters |
Time Held Top 10 | 2.5 quarters |
Time Held All | 6.5 quarters |
[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.
[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.
2023-12-31
13F Sector Allocation Over Time
2023-12-31
Analysis
Top 20 equal-weighted holdings. Performance numbers calculated through 2023-12-31