13F HOLDINGS REPORT
Covalent Partners LLC
Quarter ended Q4 2025 · Filed February 17, 2026 · Accession 0001531611-26-000003
Total Value
$22.6M
Positions
12
Other Managers
0
Confidential Omitted
No
Holdings (12)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | ISHARES TR | 464287655 | 45,500 | $11.2M | 49.49% |
| 2 | CINEMARK HLDGS INC | CNK | 84,500 | $2.0M | 8.68% |
| 3 | PENN ENTERTAINMENT INC | PENN | 110,000 | $1.6M | 7.17% |
| 4 | UFP INDUSTRIES INC | UFPI | 16,000 | $1.5M | 6.44% |
| 5 | GREENE CNTY BANCORP INC | 394357107 | 63,000 | $1.4M | 6.19% |
| 6 | TOPGOLF CALLAWAY BRANDS CORP | 131193AE4 | 1,000,000 | $993,800 | 4.39% |
| 7 | SR BANCORP INC | SRBK | 60,000 | $944,400 | 4.17% |
| 8 | PATRICK INDS INC | 703343AG8 | 500,000 | $848,500 | 3.75% |
| 9 | CALIFORNIA RES CORP | CRC | 18,974 | $848,328 | 3.75% |
| 10 | MARCUS CORP DEL | MCS | 50,000 | $775,500 | 3.43% |
| 11 | ECB BANCORP INC | ECBK | 33,000 | $573,870 | 2.54% |
| 12 | ECARX HOLDINGS INC | ECXWW | 75,000 | $3,383 | 0.01% |