Covalent Partners LLC Hedge Fund

CIK: 0001531611 · Show all filings

Period: Q1 2014 (← Previous) (Next →)

Filing Date: May 14, 2014

Total Value ($000): $340,457 (100.0% shares, 0.0% debt)

Holdings (30)

C CITIGROUP INC 9.4%

Value ($000) $31,908 Shares 670,342 Est. Cost $36.31 Unrealized +2.1%

DAN DANA HLDG CORP 7.4%

Value ($000) $25,341 Shares 1,088,988 Est. Cost $14.74 Unrealized +12.1%

BSBR BANCO SANTANDER BRASIL S A 6.7%

Value ($000) $22,974 Shares 4,124,629 Est. Cost $5.91 Unrealized —

GLPI GAMING & LEISURE PPTYS INC 6.2%

Value ($000) $21,120 Shares 579,273 Est. Cost $44.19 Unrealized —

— CIT GROUP INC 6.1%

Value ($000) $20,824 Shares 424,800 Est. Cost $48.48 Unrealized —

MGM MGM RESORTS INTERNATIONAL 6.0%

Value ($000) $20,585 Shares 796,000 Est. Cost $15.73 Unrealized +54.7%

— STRATEGIC HOTELS & RESORTS 6.0%

Value ($000) $20,490 Shares 2,010,837 Est. Cost $8.94 Unrealized —

GM GENERAL MTRS CO 5.0%

Value ($000) $16,886 Shares 490,600 Est. Cost $24.75 Unrealized +10.8%

— NORCRAFT COS INC 4.6%

Value ($000) $15,755 Shares 930,594 Est. Cost $18.30 Unrealized —

— SINCLAIR BROADCAST GROUP INC 4.2%

Value ($000) $14,317 Shares 528,494 Est. Cost $29.31 Unrealized —

— INTERNATIONAL SPEEDWAY CORP 3.6%

Value ($000) $12,248 Shares 360,354 Est. Cost $32.91 Unrealized —

— NCI BUILDING SYS INC 3.5%

Value ($000) $12,072 Shares 691,384 Est. Cost $14.27 Unrealized —

PHM PULTE GROUP INC 3.4%

Value ($000) $11,652 Shares 607,200 Est. Cost $17.01 Unrealized 0.0%

BAC BANK OF AMERICA CORPORATION 2.9%

Value ($000) $9,972 Shares 579,777 Est. Cost $11.41 Unrealized +16.2%

BYD BOYD GAMING CORP 2.9%

Value ($000) $9,918 Shares 751,343 Est. Cost $10.85 Unrealized 0.0%

F FORD MTR CO DEL 2.7%

Value ($000) $9,064 Shares 581,000 Est. Cost $7.68 Unrealized +8.9%

AAPL APPLE INC 2.7%

Value ($000) $9,063 Shares 16,886 Est. Cost $13.67 Unrealized +21.3%

— NEW HOME CO INC 2.5%

Value ($000) $8,642 Shares 606,890 Est. Cost $14.24 Unrealized —

— CYS INVTS INC 2.3%

Value ($000) $7,873 Shares 953,152 Est. Cost $8.16 Unrealized —

— SPEEDWAY MOTORSPORTS INC 2.2%

Value ($000) $7,605 Shares 406,032 Est. Cost $17.64 Unrealized —

GS GOLDMAN SACHS GROUP INC 2.0%

Value ($000) $6,849 Shares 41,800 Est. Cost $120.06 Unrealized +11.4%

— RYLAND GROUP INC 1.5%

Value ($000) $5,167 Shares 129,392 Est. Cost $39.93 Unrealized —

MCRI MONARCH CASINO & RESORT INC 1.3%

Value ($000) $4,263 Shares 230,060 Est. Cost $18.74 Unrealized -0.0%

AAL AMERICAN AIRLS GROUP INC. 1.2%

Value ($000) $3,934 Shares 107,494 Est. Cost $21.78 Unrealized +47.4%

MHO M/I HOMES INC 1.1%

Value ($000) $3,909 Shares 174,365 Est. Cost $23.91 Unrealized 0.0%

SPY SPDR S&P 500 ETF TR 0.9%

Value ($000) $2,925 Shares 15,639 Est. Cost $172.92 Unrealized —

— CREDIT SUISSE NASSAU BRH 0.8%

Value ($000) $2,883 Shares 91,200 Est. Cost $31.61 Unrealized —

IWM ISHARES 0.5%

Value ($000) $1,720 Shares 20,000 Est. Cost — Unrealized —

— WALTER INVT MGMT CORP 0.1%

Value ($000) $328 Shares 11,000 Est. Cost $29.82 Unrealized —

SPY SPDR S&P 500 ETF TR 0.0%

Value ($000) $170 Shares 10,000 Est. Cost $172.92 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
C	CITIGROUP INC	670,342	$31,908	9.4%	$36.31	+2.1%	COM	172967424
DAN	DANA HLDG CORP	1,088,988	$25,341	7.4%	$14.74	+12.1%	COM	235825205
BSBR	BANCO SANTANDER BRASIL S A	4,124,629	$22,974	6.7%	$5.91	—	ADS REP 1 UNIT	05967A107
GLPI	GAMING & LEISURE PPTYS INC	579,273	$21,120	6.2%	$44.19	—	COM	36467J108
—	CIT GROUP INC	424,800	$20,824	6.1%	$48.48	—	COM NEW	125581801
MGM	MGM RESORTS INTERNATIONAL	796,000	$20,585	6.0%	$15.73	+54.7%	COM	552953101
—	STRATEGIC HOTELS & RESORTS	2,010,837	$20,490	6.0%	$8.94	—	COM	86272T106
GM	GENERAL MTRS CO	490,600	$16,886	5.0%	$24.75	+10.8%	COM	37045V100
—	NORCRAFT COS INC	930,594	$15,755	4.6%	$18.30	—	COM	65557Y105
—	SINCLAIR BROADCAST GROUP INC	528,494	$14,317	4.2%	$29.31	—	CL A	829226109
—	INTERNATIONAL SPEEDWAY CORP	360,354	$12,248	3.6%	$32.91	—	CL A	460335201
—	NCI BUILDING SYS INC	691,384	$12,072	3.5%	$14.27	—	COM NEW	628852204
PHM	PULTE GROUP INC	607,200	$11,652	3.4%	$17.01	0.0%	COM	745867101
BAC	BANK OF AMERICA CORPORATION	579,777	$9,972	2.9%	$11.41	+16.2%	COM	060505104
BYD	BOYD GAMING CORP	751,343	$9,918	2.9%	$10.85	0.0%	COM	103304101
F	FORD MTR CO DEL	581,000	$9,064	2.7%	$7.68	+8.9%	COM PAR $0.01	345370860
AAPL	APPLE INC	16,886	$9,063	2.7%	$13.67	+21.3%	COM	037833100
—	NEW HOME CO INC	606,890	$8,642	2.5%	$14.24	—	COM	645370107
—	CYS INVTS INC	953,152	$7,873	2.3%	$8.16	—	COM	12673A108
—	SPEEDWAY MOTORSPORTS INC	406,032	$7,605	2.2%	$17.64	—	COM	847788106
GS	GOLDMAN SACHS GROUP INC	41,800	$6,849	2.0%	$120.06	+11.4%	COM	38141G104
—	RYLAND GROUP INC	129,392	$5,167	1.5%	$39.93	—	COM	783764103
MCRI	MONARCH CASINO & RESORT INC	230,060	$4,263	1.3%	$18.74	-0.0%	COM	609027107
AAL	AMERICAN AIRLS GROUP INC.	107,494	$3,934	1.2%	$21.78	+47.4%	COM	02376R102
MHO	M/I HOMES INC	174,365	$3,909	1.1%	$23.91	0.0%	COM	55305B101
SPY	SPDR S&P 500 ETF TR	15,639	$2,925	0.9%	$172.92	—	TR UNIT	78462F103
—	CREDIT SUISSE NASSAU BRH	91,200	$2,883	0.8%	$31.61	—	INVRS VIX STERM	22542D795
IWM	ISHARES	20,000	$1,720	0.5%	—	—	Put	464287655
—	WALTER INVT MGMT CORP	11,000	$328	0.1%	$29.82	—	COM	93317W102
SPY	SPDR S&P 500 ETF TR	10,000	$170	0.0%	$172.92	—	Call	78462F103