Covalent Partners LLC Hedge Fund

CIK: 0001531611 · Show all filings

Period: Q2 2019 (← Previous) (Next →)

Filing Date: Aug 14, 2019

Total Value ($000): $51,821 (81.9% shares, 18.1% debt)

Holdings (24)

— PIONEER NAT RES CO 12.1%

Value ($000) $6,247 Shares 40,600 Est. Cost $164.54 Unrealized —

— CORNERSTONE BLDG BRANDS INC 10.5%

Value ($000) $5,456 Shares 935,880 Est. Cost $5.83 Unrealized —

— KEANE GROUP INC 10.1%

Value ($000) $5,220 Shares 776,759 Est. Cost $10.16 Unrealized —

GLPI GAMING & LEISURE PPTYS INC 9.3%

Value ($000) $4,837 Shares 124,097 Est. Cost $36.11 Unrealized —

— Q2 HLDGS INC 8.3%

Value ($000) $4,278 Shares 3,000,000 Est. Cost $1.43 Unrealized —

BRSL INTERNATIONAL GAME TECHNOLOG 7.3%

Value ($000) $3,783 Shares 291,652 Est. Cost $10.00 Unrealized -10.3%

HAL HALLIBURTON CO 5.9%

Value ($000) $3,047 Shares 134,000 Est. Cost $31.35 Unrealized -27.6%

— RINGCENTRAL INC 5.8%

Value ($000) $2,998 Shares 2,000,000 Est. Cost $1.50 Unrealized —

PUMP PROPETRO HLDG CORP 4.9%

Value ($000) $2,531 Shares 122,272 Est. Cost $15.29 Unrealized +38.9%

PTEN PATTERSON UTI ENERGY INC 4.8%

Value ($000) $2,464 Shares 214,057 Est. Cost $18.09 Unrealized -28.8%

NINEQ NINE ENERGY SVC INC 4.6%

Value ($000) $2,397 Shares 138,339 Est. Cost $19.89 Unrealized 0.0%

— LENDINGTREE INC NEW 4.0%

Value ($000) $2,086 Shares 1,000,000 Est. Cost $2.09 Unrealized —

— NABORS INDUSTRIES LTD 3.1%

Value ($000) $1,614 Shares 556,480 Est. Cost $7.53 Unrealized —

— CENTENNIAL RESOURCE DEV INC 2.7%

Value ($000) $1,382 Shares 182,100 Est. Cost $16.37 Unrealized —

— VANECK VECTORS ETF TR 1.4%

Value ($000) $700 Shares 2,165,000 Est. Cost — Unrealized —

NEXT NEXTDECADE CORP 1.2%

Value ($000) $600 Shares 95,000 Est. Cost $9.79 Unrealized -43.1%

HP HELMERICH & PAYNE INC 1.0%

Value ($000) $506 Shares 10,000 Est. Cost $55.04 Unrealized 0.0%

— NOBLE CORP PLC 1.0%

Value ($000) $505 Shares 269,889 Est. Cost $1.87 Unrealized —

— UNITED STATES OIL FUND LP 0.9%

Value ($000) $472 Shares 1,720,000 Est. Cost — Unrealized —

SPY SPDR S&P 500 ETF TR 0.7%

Value ($000) $346 Shares 189,000 Est. Cost — Unrealized —

— SUPERIOR ENERGY SVCS INC 0.5%

Value ($000) $266 Shares 204,683 Est. Cost $8.04 Unrealized —

— CALIFORNIA RES CORP 0.2%

Value ($000) $80 Shares 70,000 Est. Cost — Unrealized —

HYG ISHARES TR 0.0%

Value ($000) $6 Shares 140,000 Est. Cost — Unrealized —

— NABORS INDUSTRIES LTD 0.0%

Value ($000) $0 Shares 10,000 Est. Cost $7.53 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	PIONEER NAT RES CO	40,600	$6,247	12.1%	$164.54	—	COM	723787107
—	CORNERSTONE BLDG BRANDS INC	935,880	$5,456	10.5%	$5.83	—	COM	21925D109
—	KEANE GROUP INC	776,759	$5,220	10.1%	$10.16	—	COM	48669A108
GLPI	GAMING & LEISURE PPTYS INC	124,097	$4,837	9.3%	$36.11	—	COM	36467J108
—	Q2 HLDGS INC	3,000,000	$4,278	8.3%	$1.43	—	NOTE 0.750% 2/1	74736LAB5
BRSL	INTERNATIONAL GAME TECHNOLOG	291,652	$3,783	7.3%	$10.00	-10.3%	SHS USD	G4863A108
HAL	HALLIBURTON CO	134,000	$3,047	5.9%	$31.35	-27.6%	COM	406216101
—	RINGCENTRAL INC	2,000,000	$2,998	5.8%	$1.50	—	NOTE 3/1	76680RAD9
PUMP	PROPETRO HLDG CORP	122,272	$2,531	4.9%	$15.29	+38.9%	COM	74347M108
PTEN	PATTERSON UTI ENERGY INC	214,057	$2,464	4.8%	$18.09	-28.8%	COM	703481101
NINEQ	NINE ENERGY SVC INC	138,339	$2,397	4.6%	$19.89	0.0%	COM	65441V101
—	LENDINGTREE INC NEW	1,000,000	$2,086	4.0%	$2.09	—	NOTE 0.625% 6/0	52603BAA5
—	NABORS INDUSTRIES LTD	556,480	$1,614	3.1%	$7.53	—	SHS	G6359F103
—	CENTENNIAL RESOURCE DEV INC	182,100	$1,382	2.7%	$16.37	—	CL A	15136A102
—	VANECK VECTORS ETF TR	2,165,000	$700	1.4%	—	—	Put	92189F718
NEXT	NEXTDECADE CORP	95,000	$600	1.2%	$9.79	-43.1%	COM	65342K105
HP	HELMERICH & PAYNE INC	10,000	$506	1.0%	$55.04	0.0%	COM	423452101
—	NOBLE CORP PLC	269,889	$505	1.0%	$1.87	—	SHS USD	G65431101
—	UNITED STATES OIL FUND LP	1,720,000	$472	0.9%	—	—	Put	91232N108
SPY	SPDR S&P 500 ETF TR	189,000	$346	0.7%	—	—	Put	78462F103
—	SUPERIOR ENERGY SVCS INC	204,683	$266	0.5%	$8.04	—	COM	868157108
—	CALIFORNIA RES CORP	70,000	$80	0.2%	—	—	Put	13057Q206
HYG	ISHARES TR	140,000	$6	0.0%	—	—	Put	464288513
—	NABORS INDUSTRIES LTD	10,000	$0	0.0%	$7.53	—	Call	G6359F103