Covalent Partners LLC Hedge Fund

CIK: 0001531611 · Show all filings

Period: Q1 2024 (← Previous) (Next →)

Filing Date: May 15, 2024

Total Value ($000): $13,060 (62.4% shares, 37.6% debt)

Holdings (17)

— NCL CORP LTD 30.0%

Value ($000) $3,921 Shares 3,000,000 Est. Cost $1.31 Unrealized —

CNK CINEMARK HLDGS INC 17.2%

Value ($000) $2,246 Shares 125,000 Est. Cost $16.04 Unrealized -2.9%

PR PERMIAN RESOURCES CORP 13.5%

Value ($000) $1,766 Shares 100,000 Est. Cost $6.91 Unrealized +112.4%

BOOM DMC GLOBAL INC 10.7%

Value ($000) $1,403 Shares 72,000 Est. Cost $17.53 Unrealized 0.0%

CRC CALIFORNIA RES CORP 8.0%

Value ($000) $1,045 Shares 18,974 Est. Cost $16.48 Unrealized +198.6%

— PETIQ INC 7.6%

Value ($000) $992 Shares 1,000,000 Est. Cost $0.99 Unrealized —

— VIVID SEATS INC 4.6%

Value ($000) $599 Shares 100,000 Est. Cost $5.99 Unrealized —

PDEX PRO-DEX INC COLO 1.9%

Value ($000) $247 Shares 14,053 Est. Cost $26.17 Unrealized -27.9%

NE NOBLE CORP PLC 1.7%

Value ($000) $217 Shares 4,475 Est. Cost $32.38 Unrealized +23.4%

— SURF AIR MOBILITY INC 1.6%

Value ($000) $211 Shares 250,000 Est. Cost $1.32 Unrealized —

NE/WS NOBLE CORP PLC 1.4%

Value ($000) $185 Shares 6,228 Est. Cost $27.23 Unrealized —

NE/WS/A NOBLE CORP PLC 1.2%

Value ($000) $158 Shares 6,228 Est. Cost $24.96 Unrealized —

— TH INTERNATIONAL LIMITED 0.2%

Value ($000) $30 Shares 26,208 Est. Cost $2.87 Unrealized —

NINEQ NINE ENERGY SERVICE INC 0.2%

Value ($000) $22 Shares 10,000 Est. Cost $2.89 Unrealized -20.6%

EVTWF VERTICAL AEROSPACE LTD 0.1%

Value ($000) $13 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 —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	NCL CORP LTD	3,000,000	$3,921	30.0%	$1.31	—	NOTE 5.375% 8/0	62886HAX9
CNK	CINEMARK HLDGS INC	125,000	$2,246	17.2%	$16.04	-2.9%	COM	17243V102
PR	PERMIAN RESOURCES CORP	100,000	$1,766	13.5%	$6.91	+112.4%	CLASS A COM	71424F105
BOOM	DMC GLOBAL INC	72,000	$1,403	10.7%	$17.53	0.0%	COM	23291C103
CRC	CALIFORNIA RES CORP	18,974	$1,045	8.0%	$16.48	+198.6%	COM STOCK	13057Q305
—	PETIQ INC	1,000,000	$992	7.6%	$0.99	—	NOTE 4.000% 6/0	71639TAB2
—	VIVID SEATS INC	100,000	$599	4.6%	$5.99	—	COM CL A	92854T100
PDEX	PRO-DEX INC COLO	14,053	$247	1.9%	$26.17	-27.9%	COM NEW	74265M205
NE	NOBLE CORP PLC	4,475	$217	1.7%	$32.38	+23.4%	ORD SHS A	G65431127
—	SURF AIR MOBILITY INC	250,000	$211	1.6%	$1.32	—	COM	868927104
NE/WS	NOBLE CORP PLC	6,228	$185	1.4%	$27.23	—	*W EXP 02/04/202	G65431135
NE/WS/A	NOBLE CORP PLC	6,228	$158	1.2%	$24.96	—	*W EXP 02/04/202	G65431150
—	TH INTERNATIONAL LIMITED	26,208	$30	0.2%	$2.87	—	ORDINARY SHARES	G8656L106
NINEQ	NINE ENERGY SERVICE INC	10,000	$22	0.2%	$2.89	-20.6%	COM	65441V101
EVTWF	VERTICAL AEROSPACE LTD	164,100	$13	0.1%	$0.68	—	*W EXP 12/16/202	G9471C115
ECXWW	ECARX HOLDINGS INC	75,000	$2	0.0%	$0.10	—	*W EXP 99/99/999	G29201111
AEAEW	ALTENERGY ACQUISITION CORP	22,500	$1	0.0%	$0.58	—	*W EXP 10/29/202	02157M116