Covalent Partners LLC Hedge Fund

CIK: 0001531611 · Show all filings

Period: Q4 2023 (← Previous) (Next →)

Filing Date: Feb 14, 2024

Total Value ($000): $22,903 (77.6% shares, 22.4% debt)

Holdings (24)

— NCL CORP LTD 22.4%

Value ($000) $5,132 Shares 4,000,000 Est. Cost $1.31 Unrealized —

IWM ISHARES TR RUSSELL 2000 ETF 20.2%

Value ($000) $4,616 Shares 23,000 Est. Cost $200.71 Unrealized —

HYG ISHARES TR IBOXX HI YD ETF 18.2%

Value ($000) $4,179 Shares 54,000 Est. Cost $77.39 Unrealized —

IWM ISHARES TR RUSSELL 2000 ETF 10.0%

Value ($000) $2,283 Shares 11,375 Est. Cost $200.71 Unrealized —

DAL DELTA AIR LINES INC DEL 7.2%

Value ($000) $1,649 Shares 41,000 Est. Cost $34.01 Unrealized +4.2%

PR PERMIAN RESOURCES CORP 5.9%

Value ($000) $1,360 Shares 100,000 Est. Cost $6.91 Unrealized +98.2%

CRC CALIFORNIA RES CORP 4.5%

Value ($000) $1,037 Shares 18,974 Est. Cost $16.48 Unrealized +199.0%

CNK CINEMARK HLDGS INC 3.7%

Value ($000) $845 Shares 60,000 Est. Cost $16.54 Unrealized -7.1%

PDEX PRO-DEX INC COLO 1.2%

Value ($000) $274 Shares 15,653 Est. Cost $26.17 Unrealized -36.0%

GTIM GOOD TIMES RESTAURANTS INC 1.0%

Value ($000) $233 Shares 91,894 Est. Cost $4.22 Unrealized -37.9%

— SURF AIR MOBILITY INC 1.0%

Value ($000) $233 Shares 150,000 Est. Cost $1.63 Unrealized —

NE NOBLE CORP PLC 0.9%

Value ($000) $216 Shares 4,475 Est. Cost $32.38 Unrealized +27.3%

BLCO BAUSCH PLUS LOMB CORP 0.9%

Value ($000) $208 Shares 12,200 Est. Cost $15.02 Unrealized +7.1%

CIFR CIPHER MINING INC 0.9%

Value ($000) $207 Shares 50,000 Est. Cost $3.05 Unrealized 0.0%

NE/WS NOBLE CORP PLC 0.8%

Value ($000) $183 Shares 6,228 Est. Cost $27.23 Unrealized —

NE/WS/A NOBLE CORP PLC 0.7%

Value ($000) $161 Shares 6,228 Est. Cost $24.96 Unrealized —

— TH INTERNATIONAL LIMITED 0.2%

Value ($000) $46 Shares 26,208 Est. Cost $2.87 Unrealized —

NINEQ NINE ENERGY SERVICE INC 0.1%

Value ($000) $27 Shares 10,000 Est. Cost $2.89 Unrealized 0.0%

EVTWF VERTICAL AEROSPACE LTD 0.0%

Value ($000) $9 Shares 164,100 Est. Cost $0.68 Unrealized —

ECXWW ECARX HOLDINGS INC 0.0%

Value ($000) $2 Shares 75,000 Est. Cost $0.10 Unrealized —

AEAEW ALTENERGY ACQUISITION CORP 0.0%

Value ($000) $1 Shares 22,500 Est. Cost $0.58 Unrealized —

— FAZE HOLDINGS INC 0.0%

Value ($000) $0 Shares 65,000 Est. Cost $0.55 Unrealized —

— LUMIRADX LTD 0.0%

Value ($000) $0 Shares 27,500 Est. Cost $1.16 Unrealized —

— EDIFY ACQUISITION CORP 0.0%

Value ($000) $0 Shares 15,000 Est. Cost $0.53 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	NCL CORP LTD	4,000,000	$5,132	22.4%	$1.31	—	NOTE 5.375% 8/0	62886HAX9
IWM	ISHARES TR RUSSELL 2000 ETF	23,000	$4,616	20.2%	$200.71	—	Put	464287655
HYG	ISHARES TR IBOXX HI YD ETF	54,000	$4,179	18.2%	$77.39	—	UNIT	464288513
IWM	ISHARES TR RUSSELL 2000 ETF	11,375	$2,283	10.0%	$200.71	—	UNIT	464287655
DAL	DELTA AIR LINES INC DEL	41,000	$1,649	7.2%	$34.01	+4.2%	COM NEW	247361702
PR	PERMIAN RESOURCES CORP	100,000	$1,360	5.9%	$6.91	+98.2%	CLASS A COM	71424F105
CRC	CALIFORNIA RES CORP	18,974	$1,037	4.5%	$16.48	+199.0%	COM STOCK	13057Q305
CNK	CINEMARK HLDGS INC	60,000	$845	3.7%	$16.54	-7.1%	COM	17243V102
PDEX	PRO-DEX INC COLO	15,653	$274	1.2%	$26.17	-36.0%	COM NEW	74265M205
GTIM	GOOD TIMES RESTAURANTS INC	91,894	$233	1.0%	$4.22	-37.9%	COM NEW	382140879
—	SURF AIR MOBILITY INC	150,000	$233	1.0%	$1.63	—	COM	868927104
NE	NOBLE CORP PLC	4,475	$216	0.9%	$32.38	+27.3%	ORD SHS A	G65431127
BLCO	BAUSCH PLUS LOMB CORP	12,200	$208	0.9%	$15.02	+7.1%	COMMON SHARES	071705107
CIFR	CIPHER MINING INC	50,000	$207	0.9%	$3.05	0.0%	COM	17253J106
NE/WS	NOBLE CORP PLC	6,228	$183	0.8%	$27.23	—	*W EXP 02/04/202	G65431135
NE/WS/A	NOBLE CORP PLC	6,228	$161	0.7%	$24.96	—	*W EXP 02/04/202	G65431150
—	TH INTERNATIONAL LIMITED	26,208	$46	0.2%	$2.87	—	ORDINARY SHARES	G8656L106
NINEQ	NINE ENERGY SERVICE INC	10,000	$27	0.1%	$2.89	0.0%	COM	65441V101
EVTWF	VERTICAL AEROSPACE LTD	164,100	$9	0.0%	$0.68	—	*W EXP 09/15/202	G9471C115
ECXWW	ECARX HOLDINGS INC	75,000	$2	0.0%	$0.10	—	*W EXP 12/20/202	G29201111
AEAEW	ALTENERGY ACQUISITION CORP	22,500	$1	0.0%	$0.58	—	*W EXP 10/29/202	02157M116
—	FAZE HOLDINGS INC	65,000	$0	0.0%	$0.55	—	*W EXP 03/01/202	31423J110
—	LUMIRADX LTD	27,500	$0	0.0%	$1.16	—	*W EXP 09/28/202	G5709L117
—	EDIFY ACQUISITION CORP	15,000	$0	0.0%	$0.53	—	*W EXP 11/25/202	28059Q111