Covalent Partners LLC 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Covalent Partners LLC disclosed 17 US equity positions worth $20.5m in its Q3 2025 13F filing. The largest position was MCS at 12.6% of the reported book, followed by CNK and PATRICK INDS INC. Against the Q2 2025 filing, it opened 7 new positions, added to 1 and reduced 2 among the top 17 holdings.
What did Covalent Partners LLC own in Q3 2025? Top 17 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | MCS MARCUS CORP DEL | Communication Services | 12.6% | $2.6m | 167,000 | 0% | held |
| 2 | CNK CINEMARK HLDGS INC | Communication Services | 11.9% | $2.4m | 87,000 | 13% | added |
| 3 | PATRICK INDS INC | 11.9% | $2.4m | 1,500,000 | 0% | held | |
| 4 | UFPI UFP INDUSTRIES INC | Basic Materials | 8.4% | $1.7m | 18,500 | – | new |
| 5 | ROCK GIBRALTAR INDS INC | Industrials | 8.3% | $1.7m | 27,000 | – | new |
| 6 | PENN PENN ENTERTAINMENT INC | Consumer Cyclical | 7.0% | $1.4m | 75,000 | – | new |
| 7 | EPR PPTYS | 6.8% | $1.4m | 55,000 | -36% | reduced | |
| 8 | GCBC GREENE CNTY BANCORP INC | 5.0% | $1.0m | 45,671 | – | new | |
| 9 | CRC CALIFORNIA RES CORP | Energy | 4.9% | $1.0m | 18,974 | 0% | held |
| 10 | CALY TOPGOLF CALLAWAY BRANDS CORP | 4.8% | $983.5k | 1,000,000 | 0% | held | |
| 11 | SPHR SPHERE ENTERTAINMENT CO | 4.6% | $945.0k | 500,000 | 0% | held | |
| 12 | CZR CAESARS ENTERTAINMENT INC NE | Consumer Cyclical | 3.3% | $675.6k | 25,000 | – | new |
| 13 | EPR PPTYS | 3.1% | $631.2k | 20,000 | 0% | held | |
| 14 | SRBK SR BANCORP INC | 3.0% | $607.5k | 40,260 | – | new | |
| 15 | REGN REGENERON PHARMACEUTICALS | Healthcare | 2.2% | $449.8k | 800 | – | new |
| 16 | AMC AMC ENTMT HLDGS INC | Communication Services | 2.1% | $435.0k | 150,000 | -69% | reduced |
| 17 | ECARX HOLDINGS INC | 0.0% | $4.5k | 75,000 | 0% | held |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.