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
13fpro.ai/research/fund/covalent-partners-llc-1531611
AUM History
13fpro.ai/research/fund/covalent-partners-llc-1531611
Top Equity Holdings by Value
13fpro.ai/research/fund/covalent-partners-llc-1531611
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- 61.5#752
Quality
$1.5M69,000 sh - 52.6#1,410
Quality
$1.5M1,000,000 sh - 40.9
Quality
$1.4M90,000 sh - 56.2
Quality
$1.3M18,974 sh - 48.5
Quality
$1.1M12,000 sh - 50.9
Quality
$1.0M65,000 sh - 38.2
Quality
$1.0M60,000 sh - 51.1
Quality
$865.3K500,000 sh - 52.3
Quality
$858.5K50,000 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
| ISHARES TR PUT | — | $3.3M | 13,500 |
| 61.5#752 | $1.5M | 69,000 | |
| 52.6#1,410 | $1.5M | 1,000,000 | |
| 40.9 | $1.4M | 90,000 | |
| 56.2 | $1.3M | 18,974 | |
| 48.5 | $1.1M | 12,000 | |
| 50.9 | $1.0M | 65,000 | |
| 38.2 | $1.0M | 60,000 | |
| 51.1 | $865.3K | 500,000 | |
| 52.3 | $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 | GREENE COUNTY BANCORP INC | $1.5M | 10.9% | +10% | 61.5 | |
| 3 | Live Nation Entertainment, Inc. | $1.5M | 10.7% | NEW | 52.6 | |
| 4 | PENN Entertainment, Inc. | $1.4M | 9.5% | -18% | 40.9 | |
| 5 | California Resources Corp | $1.3M | 9.3% | +0% | 56.2 | |
| 6 | UFP INDUSTRIES INC | $1.1M | 7.8% | -25% | 48.5 | |
| 7 | Bausch & Lomb Corp | $1.0M | 7.3% | NEW | 50.9 | |
| 8 | SR Bancorp, Inc. | $1.0M | 7.1% | +0% | 38.2 | |
| 9 | PATRICK INDUSTRIES INC | $865,250 | 6.1% | +0% | 51.1 | |
| 10 | MARCUS CORP | $858,500 | 6.0% | +0% | 52.3 | |
| 11 | ECB Bancorp, Inc. /MD/ | $836,500 | 5.9% | +52% | 54.5 | |
| 12 | Blackstone Inc. | $804,930 | 5.7% | NEW | 74.2 | |
| 13 | MICROSOFT CORP | $740,340 | 5.2% | NEW | 79.7 | |
| 14 | Cinemark Holdings, Inc. | $713,000 | 5.0% | -70% | 38.3 | |
| 15 | Callaway Golf Co | $499,500 | 3.5% | -50% | 25.9 | |
| 16 | ECARX Holdings Inc. | $3,900 | 0.0% | +0% | — |
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AI-Powered Hedge Fund Analysis: Covalent Partners LLC
13F Pro is an AI hedge fund tracker and stock research platform. For Covalent Partners LLC (SEC CIK: 1531611), the platform ingests every quarterly Form 13F filing and applies AI-powered analysis on top — 10 specialized AI analysts (value, growth, momentum, macro, activist, and more) debate the fund's top positions and publish AI-generated analysis with cited SEC sources.
Every holding in Covalent Partners LLC's portfolio is scored on a 32-signal AI quality ranking (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.