Covalent Partners LLC Hedge Fund

CIK: 0001531611 · Show all filings

Period: Q2 2020 (← Previous) (Next →)

Filing Date: Aug 14, 2020

Total Value ($000): $14,659 (48.4% shares, 51.6% debt)

Holdings (16)

— Q2 HLDGS INC 32.1%

Value ($000) $4,701 Shares 3,000,000 Est. Cost $1.43 Unrealized —

— NEXTIER OILFIELD SOLUTIONS 14.6%

Value ($000) $2,143 Shares 874,765 Est. Cost $3.52 Unrealized —

DAL DELTA AIR LINES INC DEL 11.5%

Value ($000) $1,683 Shares 60,000 Est. Cost $24.75 Unrealized 0.0%

— LENDINGTREE INC NEW 10.2%

Value ($000) $1,489 Shares 1,000,000 Est. Cost $2.09 Unrealized —

— WORKDAY INC 9.4%

Value ($000) $1,374 Shares 1,000,000 Est. Cost $1.31 Unrealized —

AAL AMERICAN AIRLS GROUP INC 6.1%

Value ($000) $892 Shares 1,151,000 Est. Cost — Unrealized —

GLPI GAMING & LEISURE PPTYS INC 5.1%

Value ($000) $748 Shares 21,614 Est. Cost $33.85 Unrealized —

— PIONEER NAT RES CO 3.0%

Value ($000) $440 Shares 4,500 Est. Cost $164.54 Unrealized —

— CORNERSTONE BLDG BRANDS INC 2.3%

Value ($000) $333 Shares 55,000 Est. Cost $5.83 Unrealized —

IWM ISHARES TR 1.8%

Value ($000) $271 Shares 125,000 Est. Cost — Unrealized —

HAL HALLIBURTON CO 0.9%

Value ($000) $138 Shares 445,000 Est. Cost — Unrealized —

— SUPERIOR ENERGY SVCS INC 0.8%

Value ($000) $118 Shares 103,688 Est. Cost $5.01 Unrealized —

OIH VANECK VECTORS ETF TR 0.7%

Value ($000) $107 Shares 55,600 Est. Cost — Unrealized —

— NOBLE CORP PLC 0.7%

Value ($000) $100 Shares 309,889 Est. Cost $1.79 Unrealized —

— CENTENNIAL RESOURCE DEV INC 0.6%

Value ($000) $89 Shares 100,000 Est. Cost $13.81 Unrealized —

NINEQ NINE ENERGY SERVICE INC 0.2%

Value ($000) $33 Shares 16,870 Est. Cost $1.68 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	Q2 HLDGS INC	3,000,000	$4,701	32.1%	$1.43	—	NOTE 0.750% 2/1	74736LAB5
—	NEXTIER OILFIELD SOLUTIONS	874,765	$2,143	14.6%	$3.52	—	COM	65290C105
DAL	DELTA AIR LINES INC DEL	60,000	$1,683	11.5%	$24.75	0.0%	COM NEW	247361702
—	LENDINGTREE INC NEW	1,000,000	$1,489	10.2%	$2.09	—	NOTE 0.625% 6/0	52603BAA5
—	WORKDAY INC	1,000,000	$1,374	9.4%	$1.31	—	NOTE 0.250% 10/0	98138HAF8
AAL	AMERICAN AIRLS GROUP INC	1,151,000	$892	6.1%	—	—	Put	02376R102
GLPI	GAMING & LEISURE PPTYS INC	21,614	$748	5.1%	$33.85	—	COM	36467J108
—	PIONEER NAT RES CO	4,500	$440	3.0%	$164.54	—	COM	723787107
—	CORNERSTONE BLDG BRANDS INC	55,000	$333	2.3%	$5.83	—	COM	21925D109
IWM	ISHARES TR	125,000	$271	1.8%	—	—	Put	464287655
HAL	HALLIBURTON CO	445,000	$138	0.9%	—	—	Put	406216101
—	SUPERIOR ENERGY SVCS INC	103,688	$118	0.8%	$5.01	—	COM NEW	868157306
OIH	VANECK VECTORS ETF TR	55,600	$107	0.7%	—	—	Put	92189H607
—	NOBLE CORP PLC	309,889	$100	0.7%	$1.79	—	SHS USD	G65431101
—	CENTENNIAL RESOURCE DEV INC	100,000	$89	0.6%	$13.81	—	CL A	15136A102
NINEQ	NINE ENERGY SERVICE INC	16,870	$33	0.2%	$1.68	0.0%	COM	65441V101