Covalent Partners LLC — Q3 2013 13F Holdings

Name: Covalent Partners LLC — 13F Holdings, Q3 2013
Creator: AlphaSMO
License: https://www.sec.gov/forms

CIK: 0001531611

Total reported value

$17.6M

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	DHI 2 05-15-14 DHI	D.r. Horton INC	Stock-Consumer Disc	10.56%	—	—
2	NCNO	nCino, Inc.	Stock-Other	7.75%	—	+66.31%
3	2362120D	Sinclair Broadcast Group LLC	Stock-Other	7.74%	—	+10.49%
4	C	Citigroup INC	Stock-Financials	6.99%	—	—
5	PNW	Pinnacle West Capital Corporation	Stock-Utilities	6.19%	—	-30.95%
6	GM	General Motors Co	Stock-Consumer Disc	6.03%	—	—
7	DAN	Dana INC	Stock-Other	5.91%	—	-17.51%
8	✓	Strategic Hotels & Resorts I	Stock-Other	4.78%	—	+48.60%
9	✓	Advanced Drain Sys INC D	Stock-Other	4.29%	—	—
10	BSBR	Banco Santander Brasil-ads	Stock-Other	4.22%	—	+21.87%
11	✓	U S Airways Group INC	Stock-Other	4.10%	—	+44.83%
12	CITUSD	Cit Group INC	Stock-Other	4.07%	—	+24.96%
13	MGM	Mgm Resorts International	Stock-Consumer Disc	3.80%	—	—
14	F	Ford Motor Co	Stock-Consumer Disc	3.06%	—	—
15	PENN	Penn Entertainment INC	Stock-Consumer Disc	2.69%	+0.54%	—
16	BAC	Bank Of America CORP	Stock-Financials	2.54%	—	—
17	AAPL	Apple INC	Stock-Tech	2.50%	—	—
18	EEM	Ishares Msci Emerging Market	ETF-Emerging Markets	2.30%	—	—
19	GS	Goldman Sachs Group INC	Stock-Financials	2.30%	—	—
20	✓	Cys Invts INC	Stock-Other	2.17%	—	—
21	TRK	Speedway Motorsports LLC	Stock-Other	2.15%	—	—
22	ISCAUSD	Intl Speedway Corp-cl A	Stock-Other	1.73%	—	-59.45%
23	GME	GameStop Corp.	Stock-Consumer Disc	0.99%	—	—
24	SPY	Ss Spdr S&p 500 ETF Trust-us	ETF-Large Cap & Growth	0.84%	—	+23.62%
25	IWM	Ishares Russell 2000 ETF	ETF-Small Cap	0.13%	-30.42%	—
26	VBF	Invesco Bond Fund	Stock-Other	0.10%	—	—
27	XLI	Ss Industrial Select Sector	ETF-Other	0.08%	—	-27.27%

Position changes disclosed by Covalent Partners LLC for the quarter ending Q3 2013, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	NCNO	nCino, Inc.	+2.1%	+66.31%	Add
2	✓	U S Airways Group INC	+1.6%	+44.83%	Add
3	2362120D	Sinclair Broadcast Group LLC	+1.6%	+10.49%	Add
4	✓	Strategic Hotels & Resorts I	+1.5%	+48.60%	Add
5	BSBR	Banco Santander Brasil-ads	+1.1%	+21.87%	Add
6	MGM	Mgm Resorts International	+1%	—	Unchanged
7	CITUSD	Cit Group INC	+0.9%	+24.96%	Add
8	GM	General Motors Co	+0.4%	—	Unchanged
9	AAPL	Apple INC	+0.4%	—	Unchanged
10	F	Ford Motor Co	+0.2%	—	Unchanged
11	SPY	Ss Spdr S&p 500 ETF Trust-us	+0.1%	+23.62%	Add
12	EEM	Ishares Msci Emerging Market	+0.1%	—	Unchanged
13	GME	GameStop Corp.	+0.1%	—	Unchanged
14	GS	Goldman Sachs Group INC	+0.1%	—	Unchanged
15	✓	Advanced Drain Sys INC D	+0.1%	—	Unchanged
16	TRK	Speedway Motorsports LLC	+0.1%	—	Unchanged
17	C	Citigroup INC	0%	—	Unchanged
18	XLI	Ss Industrial Select Sector	—	-27.27%	Trim
19	DAN	Dana INC	-0.2%	-17.51%	Trim
20	PNW	Pinnacle West Capital Corporation	-0.9%	-30.95%	Trim
21	DHI 2 05-15-14 DHI	D.r. Horton INC	-1.1%	—	Unchanged
22	ISCAUSD	Intl Speedway Corp-cl A	-2.5%	-59.45%	Trim
23	✓	Ameristar Casinos INC	—	EXIT	Sold out
24	NAV 3 10-15-14	Navistar Intl CORP	—	EXIT	Sold out
25	PENN	Penn Entertainment INC	—	NEW	New buy
26	BAC	Bank Of America CORP	—	NEW	New buy
27	✓	Cys Invts INC	—	NEW	New buy
28	MGM 4.25 04-15-15	Mgm Resorts Intl	—	EXIT	Sold out
29	✓	Cumulus Media INC	—	EXIT	Sold out
30	LGND	Ligand Pharmaceuticals	—	EXIT	Sold out
31	✓	Xerium Technologies INC	—	EXIT	Sold out
32	SRI	Stoneridge INC	—	EXIT	Sold out
33	IWM	Ishares Russell 2000 ETF	—	NEW	New buy
34	VBF	Invesco Bond Fund	—	NEW	New buy