Covalent Partners LLC Hedge Fund

CIK: 0001531611 · Show all filings

Period: Q1 2022 (← Previous) (Next →)

Filing Date: May 16, 2022

Total Value ($000): $118,176 (89.6% shares, 10.4% debt)

Holdings (59)

IWM ISHARES TR RUSSELL 2000 ETF 26.1%
Value ($000) $30,791 Shares 150,000 Est. Cost Unrealized
EWG ISHARES INC MSCI GERMANY ETF 11.4%
Value ($000) $13,485 Shares 475,000 Est. Cost Unrealized
USO UNITED STS OIL FD LP 7.0%
Value ($000) $8,294 Shares 111,900 Est. Cost Unrealized
GLD SPDR GOLD TR 5.1%
Value ($000) $6,052 Shares 33,500 Est. Cost Unrealized
COPA HOLDINGS SA 4.5%
Value ($000) $5,280 Shares 3,000,000 Est. Cost $1.75 Unrealized
DAL DELTA AIR LINES INC DEL 3.7%
Value ($000) $4,392 Shares 111,000 Est. Cost $32.81 Unrealized +15.5%
NCL CORP LTD 3.7%
Value ($000) $4,335 Shares 3,000,000 Est. Cost $1.42 Unrealized
HTZ HERTZ GLOBAL HLDGS INC 3.4%
Value ($000) $3,987 Shares 180,000 Est. Cost $21.01 Unrealized 0.0%
DHI D R HORTON INC 2.9%
Value ($000) $3,480 Shares 46,700 Est. Cost $81.17 Unrealized +2.7%
UFPI UFP INDUSTRIES INC 2.9%
Value ($000) $3,472 Shares 45,000 Est. Cost $60.60 Unrealized +37.7%
BYD BOYD GAMING CORP 2.8%
Value ($000) $3,289 Shares 50,000 Est. Cost $59.44 Unrealized +4.9%
HP HELMERICH & PAYNE INC 2.5%
Value ($000) $2,995 Shares 70,000 Est. Cost $28.10 Unrealized +22.6%
SOUTHWEST AIRLS CO 2.3%
Value ($000) $2,714 Shares 2,000,000 Est. Cost $1.33 Unrealized
CCL CARNIVAL CORP 1.7%
Value ($000) $2,022 Shares 100,000 Est. Cost $19.36 Unrealized +4.4%
ATLAS CREST INVESTMENT CORP 1.7%
Value ($000) $1,964 Shares 200,000 Est. Cost $9.75 Unrealized
CHURCHILL CAPITAL CORP VI 1.7%
Value ($000) $1,964 Shares 200,000 Est. Cost $9.86 Unrealized
AFRICAN GOLD ACQUISITION COR 1.7%
Value ($000) $1,962 Shares 200,000 Est. Cost $9.57 Unrealized
THE MUSIC ACQUISITION CORP 1.4%
Value ($000) $1,706 Shares 175,000 Est. Cost $9.79 Unrealized
HOWARD HUGHES CORP 1.4%
Value ($000) $1,658 Shares 16,000 Est. Cost $95.13 Unrealized
BBCP CONCRETE PUMPING HLDGS INC 1.3%
Value ($000) $1,508 Shares 225,000 Est. Cost $5.32 Unrealized +27.8%
COVA ACQUISITION CORP 1.2%
Value ($000) $1,470 Shares 150,000 Est. Cost $9.69 Unrealized
SKYDECK ACQUISITION CORP 1.1%
Value ($000) $1,338 Shares 137,700 Est. Cost $9.69 Unrealized
TZP STRATEGIES ACQUISTN CORP 0.9%
Value ($000) $1,029 Shares 105,000 Est. Cost $9.71 Unrealized
EVO ACQUISITION CORP 0.8%
Value ($000) $983 Shares 100,000 Est. Cost $9.70 Unrealized
SILVER SPIKE ACQUISITN CORP 0.8%
Value ($000) $978 Shares 99,900 Est. Cost $9.75 Unrealized
NEXTIER OILFIELD SOLUTIONS 0.8%
Value ($000) $910 Shares 98,500 Est. Cost $3.52 Unrealized
CRC CALIFORNIA RES CORP 0.7%
Value ($000) $849 Shares 18,974 Est. Cost $16.48 Unrealized +136.1%
CENTENNIAL RESOURCE DEV INC 0.7%
Value ($000) $807 Shares 100,000 Est. Cost $13.81 Unrealized
MONUMENT CIRCLE ACQUISITN CO 0.6%
Value ($000) $734 Shares 75,000 Est. Cost $9.63 Unrealized
LUV SOUTHWEST AIRLS CO 0.5%
Value ($000) $595 Shares 13,000 Est. Cost $43.68 Unrealized -6.4%
GTIM GOOD TIMES RESTAURANTS INC 0.5%
Value ($000) $541 Shares 154,500 Est. Cost $4.39 Unrealized -3.5%
CRYPTO 1 ACQUISITION CORP 0.4%
Value ($000) $495 Shares 50,000 Est. Cost $9.90 Unrealized
NINEQ NINE ENERGY SERVICE INC 0.4%
Value ($000) $468 Shares 125,201 Est. Cost $1.88 Unrealized 0.0%
AEAE ALTENERGY ACQUISITION CORP 0.4%
Value ($000) $448 Shares 45,000 Est. Cost $9.90 Unrealized -0.2%
PDEX PRO-DEX INC COLO 0.3%
Value ($000) $331 Shares 20,000 Est. Cost $28.45 Unrealized -28.1%
NE1USD NOBLE CORP NEW 0.1%
Value ($000) $157 Shares 4,475 Est. Cost $24.80 Unrealized
EVTWF VERTICAL AEROSPACE LTD 0.1%
Value ($000) $129 Shares 164,100 Est. Cost $0.68 Unrealized
ROIVANT SCIENCES LTD 0.1%
Value ($000) $88 Shares 100,000 Est. Cost Unrealized
COIN COINBASE GLOBAL INC 0.1%
Value ($000) $76 Shares 400 Est. Cost $259.62 Unrealized -24.7%
CIPHER MINING INC 0.1%
Value ($000) $68 Shares 100,000 Est. Cost $2.28 Unrealized
B RILEY PRINCIPAL 150 MERGER 0.0%
Value ($000) $59 Shares 65,000 Est. Cost $1.19 Unrealized
SILVER CREST ACQUISITION COR 0.0%
Value ($000) $50 Shares 110,000 Est. Cost $0.52 Unrealized
AFRICAN GOLD ACQUISITION COR 0.0%
Value ($000) $38 Shares 187,500 Est. Cost $0.48 Unrealized
CHURCHILL CAPITAL CORP VI 0.0%
Value ($000) $25 Shares 40,000 Est. Cost $1.40 Unrealized
LUMIRADX LTD 0.0%
Value ($000) $24 Shares 27,500 Est. Cost $1.16 Unrealized
ATLAS CREST INVESTMENT CORP 0.0%
Value ($000) $23 Shares 68,294 Est. Cost $1.13 Unrealized
THE MUSIC ACQUISITION CORP 0.0%
Value ($000) $19 Shares 87,500 Est. Cost $0.61 Unrealized
SKYDECK ACQUISITION CORP 0.0%
Value ($000) $16 Shares 45,900 Est. Cost $0.74 Unrealized
COVA ACQUISITION CORP 0.0%
Value ($000) $14 Shares 75,000 Est. Cost $0.89 Unrealized
CRYPTO 1 ACQUISITION CORP 0.0%
Value ($000) $9 Shares 37,500 Est. Cost $0.24 Unrealized
EVO ACQUISITION CORP 0.0%
Value ($000) $9 Shares 50,000 Est. Cost $0.62 Unrealized
TZP STRATEGIES ACQUISTN CORP 0.0%
Value ($000) $9 Shares 35,000 Est. Cost $0.60 Unrealized
SILVER SPIKE ACQUISITN CORP 0.0%
Value ($000) $9 Shares 27,500 Est. Cost $1.35 Unrealized
MONUMENT CIRCLE ACQUISITN CO 0.0%
Value ($000) $8 Shares 37,500 Est. Cost $0.51 Unrealized
ITHAX ACQUISITION CORP 0.0%
Value ($000) $8 Shares 25,000 Est. Cost $0.84 Unrealized
AEAEW ALTENERGY ACQUISITION CORP 0.0%
Value ($000) $5 Shares 22,500 Est. Cost $0.58 Unrealized
FTAC ATHENA ACQUISITION CORP 0.0%
Value ($000) $4 Shares 6,700 Est. Cost $1.52 Unrealized
EDIFY ACQUISITION CORP 0.0%
Value ($000) $2 Shares 15,000 Est. Cost $0.53 Unrealized
FUSION ACQUISITION CORP II 0.0%
Value ($000) $1 Shares 4,000 Est. Cost $1.00 Unrealized