Latest Covalent Partners LLC Stock Portfolio
Covalent Partners LLC Performance:
2024 Q3: 4.61%YTD: 27.36%2023: 11.93%
Performance for 2024 Q3 is 4.61%, and YTD is 27.36%, and 2023 is 11.93%.
About Covalent Partners LLC and 13F Hedge Fund Stock Holdings
Covalent Partners LLC is a hedge fund based in CONCORD, MA. On 12-May-2023, the fund reported that it had an AUM (Regulated Assets under Management) of $93.7 Millions. In it's latest 13F Holdings report, Covalent Partners LLC reported an equity portfolio of $11.8 Millions as of 30 Sep, 2024.
The top stock holdings of Covalent Partners LLC are LGIH, CNK, SEAT. The fund has invested 22.5% of it's portfolio in LGI HOMES INC and 20.1% of portfolio in CINEMARK HLDGS INC.
The fund managers got completely rid off ALTA EQUIPMENT GROUP INC (ALTG) stocks. They significantly reduced their stock positions in CINEMARK HLDGS INC (CNK). Covalent Partners LLC opened new stock positions in LGI HOMES INC (LGIH). The fund showed a lot of confidence in some stocks as they added substantially to VIVID SEATS INC (SEAT).
The top stock holdings of Covalent Partners LLC are LGIH, CNK, SEAT. The fund has invested 22.5% of it's portfolio in LGI HOMES INC and 20.1% of portfolio in CINEMARK HLDGS INC.
The fund managers got completely rid off ALTA EQUIPMENT GROUP INC (ALTG) stocks. They significantly reduced their stock positions in CINEMARK HLDGS INC (CNK). Covalent Partners LLC opened new stock positions in LGI HOMES INC (LGIH). The fund showed a lot of confidence in some stocks as they added substantially to VIVID SEATS INC (SEAT).
Covalent Partners LLC Annual Return Estimates Vs S&P 500
Our best estimate is that Covalent Partners LLC made a return of 4.61% in the last quarter. In trailing 12 months, it's portfolio return was 27.4%.
New Buys
| Ticker | $ Bought |
|---|---|
| lgi homes inc | 2,654,850 |
| live nation entertainment in | 2,163,280 |
| integer hldgs corp | 1,576,500 |
New stocks bought by Covalent Partners LLC
Additions
| Ticker | % Inc. |
|---|---|
| vivid seats inc | 66.67 |
Additions to existing portfolio by Covalent Partners LLC
Reductions
| Ticker | % Reduced |
|---|---|
| cinemark hldgs inc | -37.04 |
Covalent Partners LLC reduced stake in above stock
Sold off
| Ticker | $ Sold |
|---|---|
| petiq inc | -1,064,720 |
| alta equipment group inc | -402,000 |
Covalent Partners LLC got rid off the above stocks
Sector Distribution
Covalent Partners LLC has about 46.7% of it's holdings in Communication Services sector.
| Sector | % |
|---|---|
| Communication Services | 46.7 |
| Consumer Cyclical | 33 |
| Energy | 12.4 |
| Others | 7.9 |
Market Cap. Distribution
Covalent Partners LLC has about 0% of it's portfolio invested in the large-cap and mega-cap stocks.
| Category | % |
|---|---|
| MID-CAP | 74.8 |
| SMALL-CAP | 17.3 |
| UNALLOCATED | 7.9 |
Stocks belong to which Index?
About 92.1% of the stocks held by Covalent Partners LLC either belong to S&P 500 or RUSSELL 2000 index.
| Index | % |
|---|---|
| RUSSELL 2000 | 92.1 |
| Others | 7.9 |
Covalent Partners LLC Holdings Map
This heatmap illustrates the top 50 positions within the fund's portfolio.
Current Stock Holdings of Covalent Partners LLC
Covalent Partners LLC has 9 stocks in it's portfolio. SEAT proved to be the most loss making stock for the portfolio. CNK was the most profitable stock for Covalent Partners LLC last quarter.
Last Reported on: 15 Nov, 2024| Ticker | Namesorted ascending | % Portfolio | Shares Held | $ Value | Type | % Change | Options | |
|---|---|---|---|---|---|---|---|---|
| AEAE | altenergy acquisition corp | 0.00 | 22,500 | 252 | unchanged | 0.00 | ||
| ALTG | alta equipment group inc | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| CNK | cinemark hldgs inc | 20.09 | 85,000 | 2,366,400 | reduced | -37.04 | ||
| CRC | california res corp | 8.45 | 18,974 | 995,566 | unchanged | 0.00 | ||
| ITGR | integer hldgs corp | 13.38 | 1,000,000 | 1,576,500 | new | |||
| LGIH | lgi homes inc | 22.53 | 22,400 | 2,654,850 | new | |||
| LYV | live nation entertainment in | 18.36 | 2,000,000 | 2,163,280 | new | |||
| PETQ | petiq inc | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| SEAT | vivid seats inc | 11.78 | 375,000 | 1,387,500 | added | 66.67 | ||
| THCH | th international limited | 0.18 | 26,208 | 21,228 | unchanged | 0.00 | ||
| noble corp plc | 5.19 | 16,931 | 611,886 | unchanged | 0.00 | |||
| vertical aerospace ltd | 0.03 | 164,100 | 3,019 | unchanged | 0.00 | |||
| ecarx holdings inc | 0.01 | 75,000 | 1,598 | unchanged | 0.00 | |||