Covalent Partners LLC

Q3 2025 13F-HR Holdings

Location
Concord, MA
Holdings as of
9/30/2025
Date filed
11/14/2025
Form type
13F-HR
Num holdings
18
Total value ($000)
$26,550
Net value change ($000)
-15,050 (-36.2%)
New positions
7
Sold out positions
0
Turnover %
47.3%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/14/2025 Next filing: 2/17/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
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)
UFPI 1,730 NEW
ROCK 1,696 NEW
PENN 1,445 NEW
GCBC 1,032 NEW
CZR 676 NEW
SRBK 608 NEW
REGN 450 NEW
CRC 142 16.4%
CNK 114 4.9%
EPR 7 1.1%
Top Reduces (Value $000, Stocks/ETFs)
AMC -1,072 -71.1%
EPR -744 -34.7%
MCS -226 -8.0%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 6,049 (22.8% 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