Covalent Partners provides portfolio management for pooled vehicles. The firm advises 1 private fund.
Covalent Partners reports 2 pooled investment vehicles. These counts refer to investment vehicles, rather than the individual investors in them. Of its assets, 100.0% ($117M across 2 accounts) are managed with discretion. Of its clients, 50% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| Pooled investment vehicles | 100% | 100% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Pooled investment vehicles | 2 | $117M | 100.0% | $58.6M |
| Total | 2 | $117M | 100% | $58.6M |
- Clients
- 2
- Regulatory AUM
- $117M
- AUM share
- 100.0%
- Avg. per client
- $58.6M
Total
- Clients
- 2
- Regulatory AUM
- $117M
- AUM share
- 100%
- Avg. per client
- $58.6M
- Clients outside the U.S.
- 50%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 1
Covalent Partners is paid through a percentage of assets under management and performance-based fees; its fees and minimums are set out in its brochures on the SEC website.
William Benjes owns 25% to 50% of Covalent Partners. It has 4 employees.
Leadership
- William BenjesManaging Member
- Robert HockettManaging Member
- Brett LamondaManaging Member
- Gail MatteraCCO
Staff
- 4 employees
- 4 in advisory functions
- Owns 25% to 50% of Covalent Partners LLC
William Benjes
Control person · since May 2009
- Owns 25% to 50% of Covalent Partners LLC
Brett Lamonda
Control person · since January 2024
- Owns 5% to 10% of Covalent Partners LLC
Robert Hockett
Control person · since July 2005
Covalent Partners’ regulatory assets fell from $132M (June 2021) to $117M (March 2026); clients fell from 4 to 2 and employees from 5 to 4.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $117M | 2 | 4 | 1 |
| March 2025 | $121M | 4 | 4 | 1 |
| March 2024 | $134M | 4 | 4 | 1 |
| May 2023 | $93.7M | 4 | 4 | 1 |
| March 2022 | $113M | 4 | 5 | 1 |
| June 2021 | $132M | 4 | 5 | 1 |
Besides its headquarters, Covalent Partners has 0 offices, with 1 listed address in Massachusetts.
Massachusetts · 1 listed address
- 30 Monument Square, Suite 250, ConcordHQ
Contact and registration details
- Legal name
- Covalent Partners LLC
- Headquarters
- 30 Monument Square, Suite 250, Concord, MA 01742
- Website
- covalentpartnersllc.com
- Phone
- 617-658-5500
- @covalent-partners-llc
- SEC file
- 801-66656
- Structure
- Delaware LLC
- Fiscal year end
- December
Covalent Partners has custody of client assets.
Covalent Partners’ reported 13F holdings for the quarter ended 31 March 2026 total $17.6M across 16 positions; the largest are iShares TR (put option) (19.1%), Greene Cnty Bancorp Inc. (8.8%) and Live Nation Entertainment IN (8.7%).
Reported 13F holdings
- $17.6M
- Reported 13F value
- 16
- Positions
- 79.5%
- In the 10 largest
- —
- Value vs. prior quarter
- iShares TR · Russell 2000 ETFPut19.1%
- Greene Cnty Bancorp Inc.8.8%
- Live Nation Entertainment IN · Note 3.125% 1/18.7%
- Penn Entertainment Inc.7.7%
- California Res Corp. · Com Stock7.5%
- Ufp Industries Inc.6.3%
- Bausch Plus Lomb Corp. · Common Shares5.9%
- SR Bancorp Inc.5.8%
- Patrick Inds Inc. · Note 1.750%12/04.9%
- Marcus Corp. Del4.9%
Together, the ten largest are 79.5% of reported value.
How many clients does Covalent Partners have?
Covalent Partners has 2 clients and manages $117 million for them, as of March 2026. They include 2 pooled investment vehicles.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 March 2026
What services does Covalent Partners offer?
Covalent Partners provides portfolio management for pooled vehicles.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How many financial advisors does Covalent Partners have?
Covalent Partners has 0 investment adviser representatives registered with state securities authorities, out of 4 employees, and 4 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
Who owns Covalent Partners?
Covalent Partners’ direct owners are Robert Hockett, William Benjes and Brett Lamonda, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 30 March 2026
How does Covalent Partners get paid?
Covalent Partners is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Covalent Partners?
Covalent Partners’ main office is at 30 Monument Square, Suite 250, Concord, MA 01742. Its phone number is 617-658-5500. Its website is covalentpartnersllc.com.