0000950123-16-014195.txt : 20160212 0000950123-16-014195.hdr.sgml : 20160212 20160212060301 ACCESSION NUMBER: 0000950123-16-014195 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20151231 FILED AS OF DATE: 20160212 DATE AS OF CHANGE: 20160212 EFFECTIVENESS DATE: 20160212 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Covalent Partners LLC CENTRAL INDEX KEY: 0001531611 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-14764 FILM NUMBER: 161413971 BUSINESS ADDRESS: STREET 1: 930 WINTER STREET, SUITE 2800 CITY: WALTHAM STATE: MA ZIP: 02451 BUSINESS PHONE: 617-658-5508 MAIL ADDRESS: STREET 1: 930 WINTER STREET, SUITE 2800 CITY: WALTHAM STATE: MA ZIP: 02451 13F-HR 1 primary_doc.xml 13F-HR LIVE false true false 0001531611 XXXXXXXX 12-31-2015 12-31-2015 Covalent Partners LLC

930 Winter Street, Suite 2800 Waltham MA 02451

13F HOLDINGS REPORT 028-14764 N William C. Stone, Jr. 617-658-5508 William C. Stone, Jr. Waltham MA 02-12-2016 0 32 392519 false INFORMATION TABLE 2 form13fInfoTable.xml INFORMATION TABLE FOR FORM 13F AMERICAN AIRLS GROUP INC. COM 02376R102 9837 232273 SH SOLE 232273 0 0 GREAT AJAX CORP COM 38983D300 11675 963320 SH SOLE 963320 0 0 APACHE CORP COM 037411105 3113 70000 SH SOLE 70000 0 0 TOPBUILD CORP COM 89055F103 15565 505841 SH SOLE 505841 0 0 CALATLANTIC GROUP INC COM 128195104 40961 1080204 SH SOLE 1080204 0 0 CAESARSTONE SDOT-YAM LTD ORD SHS M20598104 5930 136815 SH SOLE 136815 0 0 CITIGROUP INC COM (NEW) 172967424 20389 393997 SH SOLE 393997 0 0 DANA HLDG CORP COM 235825205 3392 245781 SH SOLE 245781 0 0 D R HORTON INC COM 23331A109 20971 654742 SH SOLE 654742 0 0 GAMING & LEISURE PPTYS INC COM 36467J108 30305 1090118 SH SOLE 1090118 0 0 GENERAL MTRS CO COM 37045V100 15289 449542 SH SOLE 449542 0 0 HARMONY MERGER CORP UNIT 99/99/9999 413247206 8143 810000 SH SOLE 810000 0 0 HARMONY MERGER CORP COM 413247107 2 180000 SH SOLE 180000 0 0 ISHARES TR 20+ YR TR BD ETF 464287432 654 1350000 SH Put SOLE 1350000 0 0 ISHARES TR IBOXX HI YD ETF 464288513 148 250000 SH Call SOLE 250000 0 0 LENNAR CORP CL A 526057104 18816 384702 SH SOLE 384702 0 0 LGI HOMES INC COM 50187T106 9995 410811 SH SOLE 410811 0 0 MONARCH CASINO & RESORT INC COM 609027107 13696 602821 SH SOLE 602821 0 0 MGM RESORTS INTERNATIONAL COM 552953101 6518 286902 SH SOLE 286902 0 0 M/I HOMES INC COM 55305B101 6336 289066 SH SOLE 289066 0 0 M/I HOMES INC NOTE 3.250% 9/1 55292PAA3 5661 5430000 PRN SOLE 5430000 0 0 MERITAGE HOMES CORP NOTE 1.875% 9/1 59001AAR3 1176 1200000 PRN SOLE 1200000 0 0 NEW HOME CO INC COM 645370107 18901 1458441 SH SOLE 1458441 0 0 MARKET VECTORS ETF TR OIL SVCS ETF 57060U191 3703 140000 SH SOLE 140000 0 0 PENN NATL GAMING INC COM 707569109 17994 1123249 SH SOLE 1123249 0 0 PULTE GROUP INC COM 745867101 34467 1934194 SH SOLE 1934194 0 0 SUPERIOR ENERGY SVCS INC COM 868157108 9751 723900 SH SOLE 723900 0 0 SPDR S&P 500 ETF TR TR UNIT 78462F103 496 420000 SH Put SOLE 420000 0 0 TOLL BROS FIN CORP NOTE 0.500% 9/1 88947EAM2 5989 6000000 PRN SOLE 6000000 0 0 UNIVERSAL FST PRODS INC COM 913543104 3205 46876 SH SOLE 46876 0 0 WCI CMNTYS INC COM PAR $0.01 92923C807 24327 1091874 SH SOLE 1091874 0 0 LYON WILLIAM HOMES CL A NEW 552074700 25114 1522039 SH SOLE 1522039 0 0