Covalent Partners LLC

Q1 2014 13F-HR Holdings

Location
Waltham, MA
Holdings as of
3/31/2014
Date filed
5/14/2014
Form type
13F-HR
Num holdings
30
Total value ($000)
$340,457
Net value change ($000)
+38,847 (12.9%)
New positions
7
Sold out positions
2
Turnover %
15.6%
Sector allocation + QoQ delta (equities-only)

Snapshot: Change Analysis

Compared to Q4 2013
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
PHM 11,652 NEW
BSBR 11,647 102.8%
BYD 9,918 NEW
New Home Co Inc. 8,642 NEW
C 7,591 31.2%
INTERNATIONAL SPEEDWAY CORP 6,779 124.0%
NORCRAFT CO INC 6,435 69.0%
GLPI 5,267 33.2%
RYLAND GROUP INC 5,167 NEW
CIT GROUP INC 4,231 25.5%
Top Reduces (Value $000, Stocks/ETFs)
AAL -13,337 -77.2%
PINNACLE ENTMT INC -9,558 -100.0%
Cornerstone Building Brands, Inc. -6,562 -35.2%
SPY -1,914 -39.6%
SBGI -1,368 -8.7%
VBF -640 -100.0%
GS -560 -7.6%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 1,890 (0.6% of total reported value)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type