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Covalent Partners LLC
Covalent Partners LLC is an investment adviser based in Concord, Massachusetts, United States. The firm specializes in opportunistic investing in leveraged credit and special situations, delivering tailored solutions to sophisticated clients. Founded in 2012, Covalent Partners provides investment advice primarily to pooled investment vehicles and is known for its expert team and innovative approach to navigating complex financial markets. The firm operates with an employee count estimated between 10 and 25.
Investment Strategy
Covalent Partners focuses on opportunistic investments in leveraged credit and special situations, aiming to provide tailored investment solutions that help clients maximize their opportunities. Their strategy involves working closely with a team of experts to develop innovative strategies and personalized services, targeting sophisticated investors looking to navigate complex financial markets.
Latest 13F Filing Activity
Covalent Partners LLC filed their most recent 13F report on Jun 30, 2025 disclosing 7 equity positions and 1 options positions with a total 13F market value of $42M. The fund increased holdings in Amc Entmt HLDGS Inc., Marcus Corp. Del, Epr PPTYS among other positions. Covalent Partners LLC reduced exposure to Cinemark HLDGS Inc., Vivid Seats Inc., Noble Corp. PLC among others.
Top Holdings
Equity Positions (7)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
M MCS | MARCUS CORP DEL | 6.77% | $2.8M | 167,000 | $19.05 | $16.86 | +$996.4K |
C CNK | CINEMARK HLDGS INC | 5.59% | $2.3M | 77,000 | $21.30 | $30.18 | -$712.7K |
| EPR PPTYS | 5.15% | $2.1M | 85,562 | $20.80 | $25.05 | +$168.6K | |
A AMC | AMC ENTMT HLDGS INC | 3.62% | $1.5M | 486,000 | $3.19 | $3.10 | +$1.2M |
C CRC | CALIFORNIA RES CORP | 2.08% | $866.5K | 18,974 | $23.59 | $45.67 | +$32.3K |
Options Positions (1)
| Ticker | Security | Action | Type | Notional Value | Contracts | Underlying Price | Premium Paid | Change (Contracts) | Change (Value) |
|---|---|---|---|---|---|---|---|---|---|
H HYG | ISHARES TR | New | Put | $27.4M | 3,400 | $80.65 | $80.65 | +3,400 | +$27.4M |
Industry Allocation
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