Covalent Partners LLC
•CIK: 1531611•Filing: Q4 2025
**Covalent Partners LLC** manages $23M across a concentrated portfolio of 12 positions. The fund exhibits significant exposure to the iShares Russell 2000 ETF (IWM) with a $11.2M allocation, representing over 48% of reported holdings. Further notable concentrations include CNK ($2.0M) and PENN ($1.6M). This structure suggests a tactical, equity-focused mandate with pronounced weightings in specific market sectors.
Total AUM
$9.6M
+ $11.2M in options
QoQ Performance
-40.6%
Positions
9
+ 1 option
Top 10 Concentration
100.0%
Latest Filing
Q4 2025
Top Holdings Allocation
IWM
CNK
PENN
UFPI
GCBC
IWM53.9%
CNK9.4%
PENN7.8%
UFPI7.0%
GCBC6.7%
SRBK4.5%
CRC4.1%
MCS3.7%
📈 Biggest Buys
📉 Biggest Sells
Sector Breakdown
Other100.0%
🚪 Exited Positionssold since Q3 2025
+1 more exited positions
Changes from Q3 2025
NEW1 new position
↑4 increased
↓3 decreased
Historical Filings
Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023