AI Portfolio Summary
In 2026 Q1, Covalent Partners LLC maintained a portfolio of 16 distinct positions. The most significant new addition to the portfolio was LIVE NATION ENTERTAI, which now represents 8.65% of the total fund value. They heavily accumulated shares in GREENE CNTY BANCORP , increasing their position by 9.5%. The fund also reduced its exposure to CINEMARK HLDGS INC by 70.4%.
Total Positions
16
Quarter
2026 Q1
Top Holding
IWM (19.1%)
Top 10 Concentration
79.5%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-16 of 16
| Stock | History | Sector / Type | Port % | Prev % | Rank / Prev | Conviction | Change | % Change | Influence | Shares | Mkt Value | Avg Cost | Price Held | 1st Owned | Source | Source Date | Date Reported |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
IWM
PUT
ISHARES TR
|
PUT Option | 19.07% | 49.49% |
#1
Prev: #1
|
6.0 | -32,000 | -70.3% |
P
S
|
13,500 | $3,348,000 |
$112.45
+123.5%
|
2012 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | ||
|
GCBC
GREENE CNTY BAN...
|
Financial Services | 8.81% | 6.19% |
#2
3
Prev: #5
|
7.0 | 6,000 | 9.5% |
P
S
|
69,000 | $1,546,290 |
$22.34
+2.6%
|
2025 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | ||
|
N/A
LIVE NATION ENT...
|
—
|
Bond/Debt | 8.65% | — |
#3
Prev: #—
|
8.0 | 1,000,000 | no change |
NEW
|
1,000,000 | $1,519,000 | — | 13F Filing | 2026-03-31 | 2026-05-15 | ||
|
PENN
PENN ENTERTAINM...
|
Consumer Cyclical | 7.71% | 7.17% |
#4
1
Prev: #3
|
4.1 | -20,000 | -18.2% |
P
S
|
90,000 | $1,352,700 | 2013 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
CRC
CALIFORNIA RES ...
|
Energy | 7.48% | 3.75% |
#5
4
Prev: #9
|
4.5 | no change | no change |
P
S
|
18,974 | $1,313,380 | 2016 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
UFPI
UFP INDUSTRIES ...
|
Basic Materials | 6.30% | 6.44% |
#6
2
Prev: #4
|
2.5 | -4,000 | -25.0% |
P
S
|
12,000 | $1,105,440 | 2015 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
BLCO
BAUSCH PLUS LOM...
|
Healthcare | 5.89% | — |
#7
Prev: #—
|
5.9 | 65,000 | no change |
NEW
|
65,000 | $1,033,500 | 2022 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
SRBK
SR BANCORP INC
|
Financial Services | 5.77% | 4.17% |
#8
1
Prev: #7
|
3.3 | no change | no change |
P
S
|
60,000 | $1,012,800 | 2025 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
N/A
PATRICK INDS IN...
|
—
|
Bond/Debt | 4.93% | 3.75% |
#9
1
Prev: #8
|
3.0 | no change | no change |
P
S
|
500,000 | $865,250 | — | 13F Filing | 2026-03-31 | 2026-05-15 | ||
|
MCS
MARCUS CORP DEL
|
Communication Services | 4.89% | 3.43% |
#10
Prev: #10
|
3.0 | no change | no change |
P
S
|
50,000 | $858,500 | 2024 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
ECBK
ECB BANCORP INC
|
Financial Services | 4.77% | 2.54% |
#11
Prev: #11
|
4.9 | 17,000 | 51.5% |
P
S
|
50,000 | $836,500 | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
BX
BLACKSTONE INC
|
Financial Services | 4.59% | — |
#12
Prev: #—
|
5.3 | 7,000 | no change |
NEW
|
7,000 | $804,930 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
MSFT
MICROSOFT CORP
|
Technology | 4.22% | — |
#13
Prev: #—
|
5.2 | 2,000 | no change |
NEW
|
2,000 | $740,340 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
CNK
CINEMARK HLDGS ...
|
Communication Services | 4.06% | 8.68% |
#14
12
Prev: #2
|
1.6 | -59,500 | -70.4% |
P
S
|
25,000 | $713,000 | 2023 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
N/A
CALLAWAY GOLF C...
|
—
|
Bond/Debt | 2.85% | 4.39% |
#15
9
Prev: #6
|
1.1 | -500,000 | -50.0% |
P
S
|
500,000 | $499,500 | — | 13F Filing | 2026-03-31 | 2026-05-15 | ||
|
ECXWW
ECARX HOLDINGS ...
|
Unknown | 0.02% | 0.01% |
#16
4
Prev: #12
|
1.0 | no change | no change |
P
S
|
75,000 | $3,900 | 2022 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 |
Showing 1-16 of 16 holdings