{"url":"https://nivawealth.com/firms/covalent-partners-140494","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/140494","regulatoryAum":117298129,"crd":"140494","history":[{"filedOn":"2021-06-25","regulatoryAum":132019000,"clients":4,"employees":5,"offices":1},{"filedOn":"2022-03-30","regulatoryAum":113358000,"clients":4,"employees":5,"offices":1},{"filedOn":"2023-05-12","regulatoryAum":93747000,"clients":4,"employees":4,"offices":1},{"filedOn":"2024-03-26","regulatoryAum":133639674,"clients":4,"employees":4,"offices":1},{"filedOn":"2025-03-27","regulatoryAum":120997818,"clients":4,"employees":4,"offices":1},{"filedOn":"2026-03-30","regulatoryAum":117298129,"clients":2,"employees":4,"offices":1}],"secFileNumber":"801-66656","legalName":"Covalent Partners LLC","displayName":"Covalent Partners","slug":"covalent-partners-140494","website":"https://covalentpartnersllc.com/","classification":{"segment":"private_funds","segmentLabel":"Private funds","type":"private_fund_manager","typeLabel":null,"feeDisclosure":"payment_only"},"linkedinUrl":"https://linkedin.com/company/covalent-partners-llc/about/","xUrl":"http://www.twitter.com/CovalentPartner","founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"30 Monument Square, Suite 250","city":"Concord","state":"MA","stateName":"Massachusetts","country":"United States","postalCode":"01742"},"tradeNames":[],"registration":{"secApproved":"8 May 2006","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":null,"staff":{"employees":4,"advisory":4,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":117298129,"discretionary":117298129,"discretionaryAccounts":2,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":50,"nonAumClients":0},"clientTypes":[{"label":"Pooled investment vehicles","clients":2,"regulatoryAum":117298129}],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[],"custodyNote":"Covalent Partners has custody of client assets.","otherCustodians":[],"leadership":[{"name":"William Benjes","title":"Managing Member","crd":"2327899"},{"name":"Robert Hockett","title":"Managing Member","crd":"1984566"},{"name":"Brett Lamonda","title":"Managing Member","crd":"5081067"},{"name":"Gail Mattera","title":"CCO","crd":"7519161"}],"ownership":[{"label":"Robert Hockett","detail":"Managing member in the 5% to 10% ownership band and a control person, since July 2005."},{"label":"William Benjes","detail":"Managing member in the 25% to 50% ownership band and a control person, since May 2009."},{"label":"Brett Lamonda","detail":"Managing member in the 25% to 50% ownership band and a control person, since January 2024."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Massachusetts","offices":1,"addresses":[{"street":"30 Monument Square, Suite 250","city":"Concord","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"617-658-5500","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Performance-based fees"],"activities":["Portfolio management for pooled investment vehicles (other than investment companies)"],"financialPlanningClients":null,"assetMix":[],"privateFunds":1},"sources":{"adv1FilingDate":"30 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/140494/PDF/140494.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-21","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Covalent Partners have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Covalent Partners offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How many financial advisors does Covalent Partners have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Covalent Partners?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Covalent Partners get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Covalent Partners?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 30 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":{"url":"https://nivawealth.com/firms/covalent-partners-140494/holdings","form":"13F-HR","periodOfReport":"2026-03-31","filedOn":"2026-05-15","filingIndexUrl":"https://www.sec.gov/Archives/edgar/data/1531611/000153161126000004/0001531611-26-000004-index.html","totalValue":17553030,"positionCount":16,"top10Share":0.7950114595599734,"top10":[{"issuer":"ISHARES TR","titleOfClass":"RUSSELL 2000 ETF","cusip":"464287655","value":3348000,"shares":13500,"shareType":"SH","putCall":"Put"},{"issuer":"GREENE CNTY BANCORP INC","titleOfClass":"COM","cusip":"394357107","value":1546290,"shares":69000,"shareType":"SH"},{"issuer":"LIVE NATION ENTERTAINMENT IN","titleOfClass":"NOTE 3.125% 1/1","cusip":"538034BA6","value":1519000,"shares":1000000,"shareType":"PRN"},{"issuer":"PENN ENTERTAINMENT INC","titleOfClass":"COM","cusip":"707569109","value":1352700,"shares":90000,"shareType":"SH"},{"issuer":"CALIFORNIA RES CORP","titleOfClass":"COM STOCK","cusip":"13057Q305","value":1313380,"shares":18974,"shareType":"SH"},{"issuer":"UFP INDUSTRIES INC","titleOfClass":"COM","cusip":"90278Q108","value":1105440,"shares":12000,"shareType":"SH"},{"issuer":"BAUSCH PLUS LOMB CORP","titleOfClass":"COMMON SHARES","cusip":"071705107","value":1033500,"shares":65000,"shareType":"SH"},{"issuer":"SR BANCORP INC","titleOfClass":"COM","cusip":"85227J106","value":1012800,"shares":60000,"shareType":"SH"},{"issuer":"PATRICK INDS INC","titleOfClass":"NOTE 1.750%12/0","cusip":"703343AG8","value":865250,"shares":500000,"shareType":"PRN"},{"issuer":"MARCUS CORP DEL","titleOfClass":"COM","cusip":"566330106","value":858500,"shares":50000,"shareType":"SH"}],"positionsListed":16,"positions":[{"issuer":"ISHARES TR","titleOfClass":"RUSSELL 2000 ETF","cusip":"464287655","value":3348000,"shares":13500,"shareType":"SH","putCall":"Put"},{"issuer":"GREENE CNTY BANCORP INC","titleOfClass":"COM","cusip":"394357107","value":1546290,"shares":69000,"shareType":"SH"},{"issuer":"LIVE NATION ENTERTAINMENT IN","titleOfClass":"NOTE 3.125% 1/1","cusip":"538034BA6","value":1519000,"shares":1000000,"shareType":"PRN"},{"issuer":"PENN ENTERTAINMENT INC","titleOfClass":"COM","cusip":"707569109","value":1352700,"shares":90000,"shareType":"SH"},{"issuer":"CALIFORNIA RES CORP","titleOfClass":"COM STOCK","cusip":"13057Q305","value":1313380,"shares":18974,"shareType":"SH"},{"issuer":"UFP INDUSTRIES INC","titleOfClass":"COM","cusip":"90278Q108","value":1105440,"shares":12000,"shareType":"SH"},{"issuer":"BAUSCH PLUS LOMB CORP","titleOfClass":"COMMON SHARES","cusip":"071705107","value":1033500,"shares":65000,"shareType":"SH"},{"issuer":"SR BANCORP INC","titleOfClass":"COM","cusip":"85227J106","value":1012800,"shares":60000,"shareType":"SH"},{"issuer":"PATRICK INDS INC","titleOfClass":"NOTE 1.750%12/0","cusip":"703343AG8","value":865250,"shares":500000,"shareType":"PRN"},{"issuer":"MARCUS CORP DEL","titleOfClass":"COM","cusip":"566330106","value":858500,"shares":50000,"shareType":"SH"},{"issuer":"ECB BANCORP INC","titleOfClass":"COM","cusip":"26828M106","value":836500,"shares":50000,"shareType":"SH"},{"issuer":"BLACKSTONE INC","titleOfClass":"COM","cusip":"09260D107","value":804930,"shares":7000,"shareType":"SH"},{"issuer":"MICROSOFT CORP","titleOfClass":"COM","cusip":"594918104","value":740340,"shares":2000,"shareType":"SH"},{"issuer":"CINEMARK HLDGS INC","titleOfClass":"COM","cusip":"17243V102","value":713000,"shares":25000,"shareType":"SH"},{"issuer":"CALLAWAY GOLF CO","titleOfClass":"NOTE 2.750% 5/0","cusip":"131193AE4","value":499500,"shares":500000,"shareType":"PRN"},{"issuer":"ECARX HOLDINGS INC","titleOfClass":"*W EXP 99/99/999","cusip":"G29201111","value":3900,"shares":75000,"shareType":"SH"}]},"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}