Covalent Partners LLC
13F Reported Value
ⓘ$17.6M
incl. option notional
Equity Holdings
ⓘ$14.2M
Option Notional
ⓘ$3.3M
$3.3M puts / $0 calls
Holdings
16
Latest Filing
2026-03-31
Filing Quarter
Q1 2026
Portfolio Overview
Covalent Partners LLC disclosed 16 positions worth $17.6M in its Form 13F-HR for Q1 2026 — $14.2M in common stock plus $3.3M of put/call option positions (reported at underlying notional value, not premium at risk), followed by $GCBC and $LYV. During the quarter the fund opened 4 new positions and exited 0 — including a new stake in $LYV. The portfolio is most concentrated in Financials (29.6% of disclosed assets). All figures are sourced directly from Covalent Partners LLC’s Form 13F-HR filing with the SEC under CIK 1531611.
AI Fund Analysis
DiversifyingSector Allocation
AUM History
Top Equity Holdings by Value
Option Positions
13F rules report options at the value of the underlying shares (notional) — not the premium paid or capital at risk. Shown separately from the equity sleeve above.
Quarterly Activity — Q1 2026
Click any card to unlockTop Holdings
ISHARES TR PUT
—Quality
$3.3M13,500 sh- —
Quality
$1.5M69,000 sh - 55.0#1,179
Quality
$1.5M1,000,000 sh - 44.8
Quality
$1.4M90,000 sh - 50.2
Quality
$1.3M18,974 sh - 52.7
Quality
$1.1M12,000 sh - 43.4
Quality
$1.0M65,000 sh - —
Quality
$1.0M60,000 sh - 56.0
Quality
$865.3K500,000 sh - 35.1
Quality
$858.5K50,000 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
| ISHARES TR PUT | — | $3.3M | 13,500 |
 GREENE COUNTY BANCORP INC$GCBC | — | $1.5M | 69,000 |
 Live Nation Entertainment, Inc.$LYV | 55.0#1,179 | $1.5M | 1,000,000 |
 PENN Entertainment, Inc.$PENN | 44.8 | $1.4M | 90,000 |
 California Resources Corp$CRC | 50.2 | $1.3M | 18,974 |
 UFP INDUSTRIES INC$UFPI | 52.7 | $1.1M | 12,000 |
 Bausch & Lomb Corp$BLCO | 43.4 | $1.0M | 65,000 |
 SR Bancorp, Inc.$SRBK | — | $1.0M | 60,000 |
 PATRICK INDUSTRIES INC$PATK | 56.0 | $865.3K | 500,000 |
 MARCUS CORP$MCS | 35.1 | $858.5K | 50,000 |
Unlock AI quality scores for every holding
32-signal composite ranking on each of Covalent Partners LLC's 16 positions.
Showing top 10 of 16 holdings.
Sector Allocation
Financials
$4.2M
Communication Services
$3.1M
Industrials
$2.0M
Consumer Discretionary
$1.9M
Energy
$1.3M
Healthcare
$1.0M
Technology
$744,240
Full Holdings — Covalent Partners LLC (Q1 2026)
All 16 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.
| # | Ticker | Company | Value | Weight | QoQ | Quality |
|---|---|---|---|---|---|---|
| 1 | — | ISHARES TR | $3.3M | — | -70% | — |
| 2 | $GCBC | GREENE COUNTY BANCORP INC | $1.5M | 10.9% | +10% | — |
| 3 | $LYV | Live Nation Entertainment, Inc. | $1.5M | 10.7% | NEW | 55 |
| 4 | $PENN | PENN Entertainment, Inc. | $1.4M | 9.5% | -18% | 44.8 |
| 5 | $CRC | California Resources Corp | $1.3M | 9.3% | +0% | 50.2 |
| 6 | $UFPI | UFP INDUSTRIES INC | $1.1M | 7.8% | -25% | 52.7 |
| 7 | $BLCO | Bausch & Lomb Corp | $1.0M | 7.3% | NEW | 43.4 |
| 8 | $SRBK | SR Bancorp, Inc. | $1.0M | 7.1% | +0% | — |
| 9 | $PATK | PATRICK INDUSTRIES INC | $865,250 | 6.1% | +0% | 56 |
| 10 | $MCS | MARCUS CORP | $858,500 | 6.0% | +0% | 35.1 |
| 11 |  $ECBK | ECB Bancorp, Inc. /MD/ | $836,500 | 5.9% | +52% | 33 |
| 12 |  $BX | Blackstone Inc. | $804,930 | 5.7% | NEW | 68 |
| 13 |  $MSFT | MICROSOFT CORP | $740,340 | 5.2% | NEW | 83.7 |
| 14 |  $CNK | Cinemark Holdings, Inc. | $713,000 | 5.0% | -70% | 36 |
| 15 |  $CALY | Callaway Golf Co | $499,500 | 3.5% | -50% | 34.1 |
| 16 |  $ECX | ECARX Holdings Inc. | $3,900 | 0.0% | +0% | — |
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