Covalent Partners LLC Hedge Fund

CIK: 0001531611 · Show all filings

Period: Q1 2018 (← Previous) (Next →)

Filing Date: May 15, 2018

Total Value ($000): $104,885 (100.0% shares, 0.0% debt)

Holdings (25)

GLPI GAMING & LEISURE PPTYS INC 12.8%

Value ($000) $13,389 Shares 400,024 Est. Cost $36.01 Unrealized —

AGCO AGCO CORP 6.9%

Value ($000) $7,186 Shares 110,802 Est. Cost $58.03 Unrealized -2.8%

— SUPERIOR ENERGY SVCS INC 6.4%

Value ($000) $6,661 Shares 790,189 Est. Cost $13.36 Unrealized —

MPT MEDICAL PPTYS TRUST INC 6.3%

Value ($000) $6,659 Shares 512,226 Est. Cost $12.93 Unrealized —

— PLY GEM HLDGS INC 6.2%

Value ($000) $6,480 Shares 300,000 Est. Cost $17.71 Unrealized —

LEN LENNAR CORP 5.9%

Value ($000) $6,159 Shares 104,498 Est. Cost $45.46 Unrealized +21.6%

MHO M/I HOMES INC 5.7%

Value ($000) $5,974 Shares 187,580 Est. Cost $22.12 Unrealized +48.4%

PUMP PROPETRO HLDG CORP 5.6%

Value ($000) $5,825 Shares 366,585 Est. Cost $14.90 Unrealized +21.3%

— C&J ENERGY SVCS INC NEW 5.3%

Value ($000) $5,514 Shares 213,538 Est. Cost $29.34 Unrealized —

— NABORS INDUSTRIES LTD 4.9%

Value ($000) $5,127 Shares 733,459 Est. Cost $7.53 Unrealized —

PTEN PATTERSON UTI ENERGY INC 4.7%

Value ($000) $4,961 Shares 283,320 Est. Cost $20.88 Unrealized 0.0%

ALLY ALLY FINL INC 4.5%

Value ($000) $4,703 Shares 173,237 Est. Cost $13.23 Unrealized +70.6%

— GREAT AJAX CORP 4.3%

Value ($000) $4,498 Shares 331,946 Est. Cost $13.48 Unrealized —

— UNIVERSAL FST PRODS INC 4.3%

Value ($000) $4,489 Shares 138,344 Est. Cost $83.91 Unrealized —

DHI D R HORTON INC 3.4%

Value ($000) $3,559 Shares 81,171 Est. Cost $25.78 Unrealized +66.0%

— ENERGY XXI GULF COAST INC 3.0%

Value ($000) $3,150 Shares 820,322 Est. Cost $25.38 Unrealized —

— PIONEER NAT RES CO 2.7%

Value ($000) $2,842 Shares 16,547 Est. Cost $157.32 Unrealized —

TWI TITAN INTL INC ILL 2.4%

Value ($000) $2,511 Shares 199,130 Est. Cost $12.85 Unrealized 0.0%

— EVERI HLDGS INC 1.9%

Value ($000) $1,994 Shares 303,544 Est. Cost $6.57 Unrealized —

PCG PG&E CORP 1.8%

Value ($000) $1,882 Shares 42,831 Est. Cost $41.94 Unrealized 0.0%

NEXT NEXTDECADE CORP 0.8%

Value ($000) $864 Shares 182,231 Est. Cost $9.79 Unrealized -34.9%

SPY SPDR S&P 500 ETF TR 0.2%

Value ($000) $225 Shares 121,600 Est. Cost — Unrealized —

— NABORS INDUSTRIES LTD 0.1%

Value ($000) $104 Shares 210,800 Est. Cost $7.53 Unrealized —

IWM ISHARES TR 0.1%

Value ($000) $74 Shares 168,000 Est. Cost — Unrealized —

— UNITED STATES OIL FUND LP 0.1%

Value ($000) $55 Shares 3,017,500 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GLPI	GAMING & LEISURE PPTYS INC	400,024	$13,389	12.8%	$36.01	—	COM	36467J108
AGCO	AGCO CORP	110,802	$7,186	6.9%	$58.03	-2.8%	COM	001084102
—	SUPERIOR ENERGY SVCS INC	790,189	$6,661	6.4%	$13.36	—	COM	868157108
MPT	MEDICAL PPTYS TRUST INC	512,226	$6,659	6.3%	$12.93	—	COM	58463J304
—	PLY GEM HLDGS INC	300,000	$6,480	6.2%	$17.71	—	COM	72941W100
LEN	LENNAR CORP	104,498	$6,159	5.9%	$45.46	+21.6%	CL A	526057104
MHO	M/I HOMES INC	187,580	$5,974	5.7%	$22.12	+48.4%	COM	55305B101
PUMP	PROPETRO HLDG CORP	366,585	$5,825	5.6%	$14.90	+21.3%	COM	74347M108
—	C&J ENERGY SVCS INC NEW	213,538	$5,514	5.3%	$29.34	—	COM	12674R100
—	NABORS INDUSTRIES LTD	733,459	$5,127	4.9%	$7.53	—	SHS	G6359F103
PTEN	PATTERSON UTI ENERGY INC	283,320	$4,961	4.7%	$20.88	0.0%	COM	703481101
ALLY	ALLY FINL INC	173,237	$4,703	4.5%	$13.23	+70.6%	COM	02005N100
—	GREAT AJAX CORP	331,946	$4,498	4.3%	$13.48	—	COM	38983D300
—	UNIVERSAL FST PRODS INC	138,344	$4,489	4.3%	$83.91	—	COM	913543104
DHI	D R HORTON INC	81,171	$3,559	3.4%	$25.78	+66.0%	COM	23331A109
—	ENERGY XXI GULF COAST INC	820,322	$3,150	3.0%	$25.38	—	COM	29276K101
—	PIONEER NAT RES CO	16,547	$2,842	2.7%	$157.32	—	COM	723787107
TWI	TITAN INTL INC ILL	199,130	$2,511	2.4%	$12.85	0.0%	COM	88830M102
—	EVERI HLDGS INC	303,544	$1,994	1.9%	$6.57	—	COM	30034T103
PCG	PG&E CORP	42,831	$1,882	1.8%	$41.94	0.0%	COM	69331C108
NEXT	NEXTDECADE CORP	182,231	$864	0.8%	$9.79	-34.9%	COM	65342K105
SPY	SPDR S&P 500 ETF TR	121,600	$225	0.2%	—	—	Put	78462F103
—	NABORS INDUSTRIES LTD	210,800	$104	0.1%	$7.53	—	Call	G6359F103
IWM	ISHARES TR	168,000	$74	0.1%	—	—	Put	464287655
—	UNITED STATES OIL FUND LP	3,017,500	$55	0.1%	—	—	Put	91232N108