Covalent Partners LLC

Q1 2026 13F-HR Holdings

Location
Concord, MA
Holdings as of
3/31/2026
Date filed
5/15/2026
Form type
13F-HR
Num holdings
16
Total value ($000)
$17,553
Net value change ($000)
-5,079 (-22.4%)
New positions
3
Sold out positions
0
Turnover %
22.8%
Sector allocation + QoQ delta (equities-only)
Prev filing: 2/17/2026 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q4 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)
BLCO 1,034 NEW
BX 805 NEW
MSFT 740 NEW
CRC 465 54.8%
ECBK 263 45.8%
GCBC 146 10.4%
MCS 83 10.7%
SRBK 69 7.3%
Top Reduces (Value $000, Stocks/ETFs)
CNK -1,251 -63.7%
UFPI -352 -24.2%
PENN -270 -16.6%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 3,348 (19.1% 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