Covalent Partners LLC Hedge Fund

CIK: 0001531611 · Show all filings

Period: Q2 2014 (← Previous) (Next →)

Filing Date: Aug 14, 2014

Total Value ($000): $392,220 (100.0% shares, 0.0% debt)

Holdings (32)

C CITIGROUP INC 9.1%

Value ($000) $35,600 Shares 755,842 Est. Cost $36.21 Unrealized -2.2%

MGM MGM RESORTS INTERNATIONAL 8.3%

Value ($000) $32,393 Shares 1,227,000 Est. Cost $18.49 Unrealized +27.6%

GM GENERAL MTRS CO 7.3%

Value ($000) $28,735 Shares 791,600 Est. Cost $25.34 Unrealized +3.8%

GLPI GAMING & LEISURE PPTYS INC 6.8%

Value ($000) $26,642 Shares 784,273 Est. Cost $41.52 Unrealized —

— NCI BUILDING SYS INC 6.0%

Value ($000) $23,494 Shares 1,209,184 Est. Cost $16.48 Unrealized —

PHM PULTE GROUP INC 5.8%

Value ($000) $22,897 Shares 1,135,757 Est. Cost $16.81 Unrealized -1.4%

DAN DANA HLDG CORP 5.4%

Value ($000) $21,014 Shares 860,504 Est. Cost $14.74 Unrealized +21.4%

— SINCLAIR BROADCAST GROUP INC 4.9%

Value ($000) $19,095 Shares 549,494 Est. Cost $29.52 Unrealized —

— STRATEGIC HOTELS & RESORTS 4.6%

Value ($000) $18,189 Shares 1,553,271 Est. Cost $8.94 Unrealized —

— INTERNATIONAL SPEEDWAY CORP 4.4%

Value ($000) $17,405 Shares 522,977 Est. Cost $33.03 Unrealized —

— NORCRAFT COS INC 3.9%

Value ($000) $15,478 Shares 1,081,601 Est. Cost $17.75 Unrealized —

LPX LOUISIANA PAC CORP 3.6%

Value ($000) $14,044 Shares 935,000 Est. Cost $15.23 Unrealized 0.0%

— NEW HOME CO INC 2.9%

Value ($000) $11,501 Shares 813,953 Est. Cost $14.21 Unrealized —

AAPL APPLE INC 2.7%

Value ($000) $10,594 Shares 114,002 Est. Cost $17.92 Unrealized +4.1%

— RYLAND GROUP INC 2.6%

Value ($000) $10,321 Shares 261,692 Est. Cost $39.68 Unrealized —

F FORD MTR CO DEL 2.6%

Value ($000) $10,016 Shares 581,000 Est. Cost $7.68 Unrealized +15.4%

GS GOLDMAN SACHS GROUP INC 2.4%

Value ($000) $9,326 Shares 55,700 Est. Cost $122.22 Unrealized +5.3%

BYD BOYD GAMING CORP 2.3%

Value ($000) $9,114 Shares 751,343 Est. Cost $10.85 Unrealized -0.0%

— CYS INVTS INC 2.2%

Value ($000) $8,597 Shares 953,152 Est. Cost $8.16 Unrealized —

— SPEEDWAY MOTORSPORTS INC 1.9%

Value ($000) $7,410 Shares 406,032 Est. Cost $17.64 Unrealized —

GTN GRAY TELEVISION INC 1.6%

Value ($000) $6,445 Shares 490,870 Est. Cost $11.23 Unrealized 0.0%

AAL AMERICAN AIRLS GROUP INC. 1.6%

Value ($000) $6,377 Shares 148,430 Est. Cost $25.91 Unrealized +41.9%

NXST NEXSTAR BROADCASTING GROUP I 1.4%

Value ($000) $5,472 Shares 106,035 Est. Cost $32.01 Unrealized 0.0%

MHO M/I HOMES INC 1.3%

Value ($000) $5,187 Shares 213,729 Est. Cost $23.70 Unrealized -4.0%

MCRI MONARCH CASINO & RESORT INC 1.1%

Value ($000) $4,453 Shares 294,093 Est. Cost $18.18 Unrealized -10.9%

— JGWPT HLDGS INC 0.8%

Value ($000) $2,968 Shares 263,610 Est. Cost $11.26 Unrealized —

SPY SPDR S&P 500 ETF TR 0.7%

Value ($000) $2,797 Shares 3,360,000 Est. Cost $172.92 Unrealized —

— WALTER ENERGY INC 0.7%

Value ($000) $2,765 Shares 507,330 Est. Cost $5.45 Unrealized —

IWM ISHARES 0.7%

Value ($000) $2,733 Shares 23,000 Est. Cost $118.83 Unrealized —

IWM ISHARES 0.2%

Value ($000) $819 Shares 1,000,000 Est. Cost $118.83 Unrealized —

— WALTER INVT MGMT CORP 0.1%

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

— SINCLAIR BROADCAST GROUP INC 0.0%

Value ($000) $11 Shares 109,100 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
C	CITIGROUP INC	755,842	$35,600	9.1%	$36.21	-2.2%	COM	172967424
MGM	MGM RESORTS INTERNATIONAL	1,227,000	$32,393	8.3%	$18.49	+27.6%	COM	552953101
GM	GENERAL MTRS CO	791,600	$28,735	7.3%	$25.34	+3.8%	COM	37045V100
GLPI	GAMING & LEISURE PPTYS INC	784,273	$26,642	6.8%	$41.52	—	COM	36467J108
—	NCI BUILDING SYS INC	1,209,184	$23,494	6.0%	$16.48	—	COM NEW	628852204
PHM	PULTE GROUP INC	1,135,757	$22,897	5.8%	$16.81	-1.4%	COM	745867101
DAN	DANA HLDG CORP	860,504	$21,014	5.4%	$14.74	+21.4%	COM	235825205
—	SINCLAIR BROADCAST GROUP INC	549,494	$19,095	4.9%	$29.52	—	CL A	829226109
—	STRATEGIC HOTELS & RESORTS	1,553,271	$18,189	4.6%	$8.94	—	COM	86272T106
—	INTERNATIONAL SPEEDWAY CORP	522,977	$17,405	4.4%	$33.03	—	CL A	460335201
—	NORCRAFT COS INC	1,081,601	$15,478	3.9%	$17.75	—	COM	65557Y105
LPX	LOUISIANA PAC CORP	935,000	$14,044	3.6%	$15.23	0.0%	COM	546347105
—	NEW HOME CO INC	813,953	$11,501	2.9%	$14.21	—	COM	645370107
AAPL	APPLE INC	114,002	$10,594	2.7%	$17.92	+4.1%	COM	037833100
—	RYLAND GROUP INC	261,692	$10,321	2.6%	$39.68	—	COM	783764103
F	FORD MTR CO DEL	581,000	$10,016	2.6%	$7.68	+15.4%	COM PAR $0.01	345370860
GS	GOLDMAN SACHS GROUP INC	55,700	$9,326	2.4%	$122.22	+5.3%	COM	38141G104
BYD	BOYD GAMING CORP	751,343	$9,114	2.3%	$10.85	-0.0%	COM	103304101
—	CYS INVTS INC	953,152	$8,597	2.2%	$8.16	—	COM	12673A108
—	SPEEDWAY MOTORSPORTS INC	406,032	$7,410	1.9%	$17.64	—	COM	847788106
GTN	GRAY TELEVISION INC	490,870	$6,445	1.6%	$11.23	0.0%	COM	389375106
AAL	AMERICAN AIRLS GROUP INC.	148,430	$6,377	1.6%	$25.91	+41.9%	COM	02376R102
NXST	NEXSTAR BROADCASTING GROUP I	106,035	$5,472	1.4%	$32.01	0.0%	CL A	65336K103
MHO	M/I HOMES INC	213,729	$5,187	1.3%	$23.70	-4.0%	COM	55305B101
MCRI	MONARCH CASINO & RESORT INC	294,093	$4,453	1.1%	$18.18	-10.9%	COM	609027107
—	JGWPT HLDGS INC	263,610	$2,968	0.8%	$11.26	—	CL A	46617M109
SPY	SPDR S&P 500 ETF TR	3,360,000	$2,797	0.7%	$172.92	—	Put	78462F103
—	WALTER ENERGY INC	507,330	$2,765	0.7%	$5.45	—	COM	93317Q105
IWM	ISHARES	23,000	$2,733	0.7%	$118.83	—	RUSSELL 2000 ETF	464287655
IWM	ISHARES	1,000,000	$819	0.2%	$118.83	—	Call	464287655
—	WALTER INVT MGMT CORP	11,000	$328	0.1%	$29.82	—	COM	93317W102
—	SINCLAIR BROADCAST GROUP INC	109,100	$11	0.0%	—	—	Put	829226110