Covalent Partners LLC: 13F holdings, Q1 2026
Hedge fund · SEC EDGAR filings (CIK 1531611) · Explore on the interactive board
Covalent Partners LLC disclosed 15 US equity positions worth $14.2m in its Q1 2026 13F filing (holdings as of March 31, 2026, filed May 15, 2026). Its largest position is GCBC at 10.9% of the reported book, followed by LIVE NATION ENTERTAINMENT IN, PENN. The top ten holdings are 80.6% of the book, and the portfolio behaves like about 13 equal-weight positions. Versus the prior filing it opened 15 new positions, added to 0, reduced 0 and exited 0. Note: this manager's most recent filing is 1 quarter behind the newest quarter on file, so these figures are history rather than current positioning.
What does Covalent Partners LLC own? Top holdings as of March 31, 2026
Change is measured in shares against the previous filing, so price moves do not read as decisions. This quarter: 15 new, 0 added, 0 reduced, 0 exited.
| # | Stock | Sector | Weight | Value | Shares | Δ shares | Action |
|---|---|---|---|---|---|---|---|
| 1 | GCBC GREENE CNTY BANCORP INC | 10.9% | $1.5m | 69,000 | – | new | |
| 2 | LIVE NATION ENTERTAINMENT IN | 10.7% | $1.5m | 1,000,000 | – | new | |
| 3 | PENN PENN ENTERTAINMENT INC | Consumer Cyclical | 9.5% | $1.4m | 90,000 | – | new |
| 4 | CRC CALIFORNIA RES CORP | Energy | 9.2% | $1.3m | 18,974 | – | new |
| 5 | UFPI UFP INDUSTRIES INC | Basic Materials | 7.8% | $1.1m | 12,000 | – | new |
| 6 | BLCO BAUSCH PLUS LOMB CORP | Healthcare | 7.3% | $1.0m | 65,000 | – | new |
| 7 | SRBK SR BANCORP INC | 7.1% | $1.0m | 60,000 | – | new | |
| 8 | PATRICK INDS INC | 6.1% | $865.2k | 500,000 | – | new | |
| 9 | MCS MARCUS CORP DEL | Communication Services | 6.0% | $858.5k | 50,000 | – | new |
| 10 | ECBK ECB BANCORP INC | 5.9% | $836.5k | 50,000 | – | new | |
| 11 | BX BLACKSTONE INC | Financial Services | 5.7% | $804.9k | 7,000 | – | new |
| 12 | MSFT MICROSOFT CORP | Technology | 5.2% | $740.3k | 2,000 | – | new |
| 13 | CNK CINEMARK HLDGS INC | Communication Services | 5.0% | $713.0k | 25,000 | – | new |
| 14 | CALY CALLAWAY GOLF CO | 3.5% | $499.5k | 500,000 | – | new | |
| 15 | ECARX HOLDINGS INC | 0.0% | $3.9k | 75,000 | – | new |
Sector mix
| Sector | Weight |
|---|---|
| Communication Services | 11.1% |
| Consumer Cyclical | 9.5% |
| Energy | 9.2% |
| Basic Materials | 7.8% |
| Healthcare | 7.3% |
| Financial Services | 5.7% |
Sectors cover positions whose ticker resolved to a sector; the remainder is unclassified, not cash.
Filing history
| Quarter | Positions | Equity value |
|---|---|---|
| Q1 2026 | 15 | $14.2m |
How concentrated is Covalent Partners LLC's portfolio?
Across every quarter Covalent Partners LLC has filed, its median largest position is 10.9% of the book and its median top-ten weight is 80.6%, which WhaleCreep classifies as concentrated (the gate is a median largest position of 5%).