Covalent Partners LLC Hedge Fund

CIK: 0001531611 · Show all filings

Period: Q3 2019 (← Previous) (Next →)

Filing Date: Nov 14, 2019

Total Value ($000): $36,360 (71.0% shares, 29.0% debt)

Holdings (16)

— KEANE GROUP INC 20.5%

Value ($000) $7,468 Shares 1,232,340 Est. Cost $8.64 Unrealized —

— PIONEER NAT RES CO 13.8%

Value ($000) $5,031 Shares 40,000 Est. Cost $164.54 Unrealized —

GLPI GAMING & LEISURE PPTYS INC 12.6%

Value ($000) $4,572 Shares 119,569 Est. Cost $36.11 Unrealized —

— Q2 HLDGS INC 12.1%

Value ($000) $4,393 Shares 3,000,000 Est. Cost $1.43 Unrealized —

— RINGCENTRAL INC 8.9%

Value ($000) $3,225 Shares 2,000,000 Est. Cost $1.50 Unrealized —

BRSL INTERNATIONAL GAME TECHNOLOG 8.5%

Value ($000) $3,079 Shares 216,652 Est. Cost $10.00 Unrealized -10.9%

— CORNERSTONE BLDG BRANDS INC 8.3%

Value ($000) $3,025 Shares 500,000 Est. Cost $5.83 Unrealized —

— LENDINGTREE INC NEW 4.4%

Value ($000) $1,602 Shares 1,000,000 Est. Cost $2.09 Unrealized —

— WORKDAY INC 3.6%

Value ($000) $1,311 Shares 1,000,000 Est. Cost $1.31 Unrealized —

— CENTENNIAL RESOURCE DEV INC 2.9%

Value ($000) $1,048 Shares 232,100 Est. Cost $13.81 Unrealized —

— NOBLE CORP PLC 1.1%

Value ($000) $394 Shares 309,889 Est. Cost $1.79 Unrealized —

NEXT NEXTDECADE CORP 1.0%

Value ($000) $374 Shares 65,000 Est. Cost $9.79 Unrealized -45.1%

— NABORS INDUSTRIES LTD 1.0%

Value ($000) $351 Shares 187,712 Est. Cost $7.53 Unrealized —

— UNITED STATES OIL FUND LP 0.9%

Value ($000) $325 Shares 820,000 Est. Cost — Unrealized —

— VANECK VECTORS ETF TR 0.4%

Value ($000) $162 Shares 855,000 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
—	KEANE GROUP INC	1,232,340	$7,468	20.5%	$8.64	—	COM	48669A108
—	PIONEER NAT RES CO	40,000	$5,031	13.8%	$164.54	—	COM	723787107
GLPI	GAMING & LEISURE PPTYS INC	119,569	$4,572	12.6%	$36.11	—	COM	36467J108
—	Q2 HLDGS INC	3,000,000	$4,393	12.1%	$1.43	—	NOTE 0.750% 2/1	74736LAB5
—	RINGCENTRAL INC	2,000,000	$3,225	8.9%	$1.50	—	NOTE 3/1	76680RAD9
BRSL	INTERNATIONAL GAME TECHNOLOG	216,652	$3,079	8.5%	$10.00	-10.9%	SHS USD	G4863A108
—	CORNERSTONE BLDG BRANDS INC	500,000	$3,025	8.3%	$5.83	—	COM	21925D109
—	LENDINGTREE INC NEW	1,000,000	$1,602	4.4%	$2.09	—	NOTE 0.625% 6/0	52603BAA5
—	WORKDAY INC	1,000,000	$1,311	3.6%	$1.31	—	NOTE 0.250% 10/0	98138HAF8
—	CENTENNIAL RESOURCE DEV INC	232,100	$1,048	2.9%	$13.81	—	CL A	15136A102
—	NOBLE CORP PLC	309,889	$394	1.1%	$1.79	—	SHS USD	G65431101
NEXT	NEXTDECADE CORP	65,000	$374	1.0%	$9.79	-45.1%	COM	65342K105
—	NABORS INDUSTRIES LTD	187,712	$351	1.0%	$7.53	—	SHS	G6359F103
—	UNITED STATES OIL FUND LP	820,000	$325	0.9%	—	—	Put	91232N108
—	VANECK VECTORS ETF TR	855,000	$162	0.4%	—	—	Put	92189F718
—	NABORS INDUSTRIES LTD	10,000	$0	0.0%	$7.53	—	Call	G6359F103