Covalent Partners LLC 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Covalent Partners LLC disclosed 11 US equity positions worth $11.4m in its Q4 2025 13F filing. The largest position was CNK at 17.2% of the reported book, followed by PENN and UFPI. Against the Q3 2025 filing, it opened 1 new position, added to 3 and reduced 4 among the top 11 holdings.
What did Covalent Partners LLC own in Q4 2025? Top 11 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | CNK CINEMARK HLDGS INC | Communication Services | 17.2% | $2.0m | 84,500 | -3% | reduced |
| 2 | PENN PENN ENTERTAINMENT INC | Consumer Cyclical | 14.2% | $1.6m | 110,000 | 47% | added |
| 3 | UFPI UFP INDUSTRIES INC | Basic Materials | 12.7% | $1.5m | 16,000 | -14% | reduced |
| 4 | GCBC GREENE CNTY BANCORP INC | 12.3% | $1.4m | 63,000 | 38% | added | |
| 5 | CALY TOPGOLF CALLAWAY BRANDS CORP | 8.7% | $993.8k | 1,000,000 | 0% | held | |
| 6 | SRBK SR BANCORP INC | 8.3% | $944.4k | 60,000 | 49% | added | |
| 7 | PATRICK INDS INC | 7.4% | $848.5k | 500,000 | -67% | reduced | |
| 8 | CRC CALIFORNIA RES CORP | Energy | 7.4% | $848.3k | 18,974 | 0% | held |
| 9 | MCS MARCUS CORP DEL | Communication Services | 6.8% | $775.5k | 50,000 | -70% | reduced |
| 10 | ECBK ECB BANCORP INC | 5.0% | $573.9k | 33,000 | – | new | |
| 11 | ECARX HOLDINGS INC | 0.0% | $3.4k | 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.