Covalent Partners LLC Hedge Fund

CIK: 0001531611 · Show all filings

Period: Q4 2019 (← Previous) (Next →)

Filing Date: Feb 14, 2020

Total Value ($000): $34,968 (68.6% shares, 31.4% debt)

Holdings (18)

— NEXTIER OILFIELD SOLUTIONS I 15.0%

Value ($000) $5,260 Shares 785,000 Est. Cost $6.70 Unrealized —

GLPI GAMING & LEISURE PPTYS INC 13.0%

Value ($000) $4,563 Shares 106,000 Est. Cost $36.11 Unrealized —

— PIONEER NAT RES CO 13.0%

Value ($000) $4,541 Shares 30,000 Est. Cost $164.54 Unrealized —

— Q2 HLDGS INC 13.0%

Value ($000) $4,539 Shares 3,000,000 Est. Cost $1.43 Unrealized —

— CORNERSTONE BLDG BRANDS INC 7.3%

Value ($000) $2,553 Shares 300,000 Est. Cost $5.83 Unrealized —

BRSL INTERNATIONAL GAME TECHNOLOG 6.0%

Value ($000) $2,111 Shares 141,000 Est. Cost $10.00 Unrealized -3.1%

— RINGCENTRAL INC 6.0%

Value ($000) $2,097 Shares 1,000,000 Est. Cost $1.50 Unrealized —

— LENDINGTREE INC NEW 4.5%

Value ($000) $1,564 Shares 1,000,000 Est. Cost $2.09 Unrealized —

— TESLA INC 4.3%

Value ($000) $1,512 Shares 1,000,000 Est. Cost $1.51 Unrealized —

PUMP PROPETRO HLDG CORP 4.2%

Value ($000) $1,463 Shares 130,000 Est. Cost $8.94 Unrealized 0.0%

— SUPERIOR ENERGY SVCS INC 3.9%

Value ($000) $1,378 Shares 275,000 Est. Cost $5.01 Unrealized —

— WORKDAY INC 3.7%

Value ($000) $1,277 Shares 1,000,000 Est. Cost $1.31 Unrealized —

— CENTENNIAL RESOURCE DEV INC 3.1%

Value ($000) $1,072 Shares 232,100 Est. Cost $13.81 Unrealized —

— NABORS INDUSTRIES LTD 1.5%

Value ($000) $541 Shares 187,712 Est. Cost $7.53 Unrealized —

— NOBLE CORP PLC 1.1%

Value ($000) $378 Shares 309,889 Est. Cost $1.79 Unrealized —

NEXT NEXTDECADE CORP 0.3%

Value ($000) $111 Shares 18,003 Est. Cost $9.79 Unrealized -36.4%

HYG ISHARES TR 0.0%

Value ($000) $8 Shares 107,700 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
—	NEXTIER OILFIELD SOLUTIONS I	785,000	$5,260	15.0%	$6.70	—	COM	65290C105
GLPI	GAMING & LEISURE PPTYS INC	106,000	$4,563	13.0%	$36.11	—	COM	36467J108
—	PIONEER NAT RES CO	30,000	$4,541	13.0%	$164.54	—	COM	723787107
—	Q2 HLDGS INC	3,000,000	$4,539	13.0%	$1.43	—	NOTE 0.750% 2/1	74736LAB5
—	CORNERSTONE BLDG BRANDS INC	300,000	$2,553	7.3%	$5.83	—	COM	21925D109
BRSL	INTERNATIONAL GAME TECHNOLOG	141,000	$2,111	6.0%	$10.00	-3.1%	SHS USD	G4863A108
—	RINGCENTRAL INC	1,000,000	$2,097	6.0%	$1.50	—	NOTE 3/1	76680RAD9
—	LENDINGTREE INC NEW	1,000,000	$1,564	4.5%	$2.09	—	NOTE 0.625% 6/0	52603BAA5
—	TESLA INC	1,000,000	$1,512	4.3%	$1.51	—	NOTE 2.000% 5/1	88160RAG6
PUMP	PROPETRO HLDG CORP	130,000	$1,463	4.2%	$8.94	0.0%	COM	74347M108
—	SUPERIOR ENERGY SVCS INC	275,000	$1,378	3.9%	$5.01	—	COM NEW	868157306
—	WORKDAY INC	1,000,000	$1,277	3.7%	$1.31	—	NOTE 0.250% 10/0	98138HAF8
—	CENTENNIAL RESOURCE DEV INC	232,100	$1,072	3.1%	$13.81	—	CL A	15136A102
—	NABORS INDUSTRIES LTD	187,712	$541	1.5%	$7.53	—	SHS	G6359F103
—	NOBLE CORP PLC	309,889	$378	1.1%	$1.79	—	SHS USD	G65431101
NEXT	NEXTDECADE CORP	18,003	$111	0.3%	$9.79	-36.4%	COM	65342K105
HYG	ISHARES TR	107,700	$8	0.0%	—	—	Put	464288513
—	NABORS INDUSTRIES LTD	10,000	$0	0.0%	$7.53	—	Call	G6359F103