Hedge Fund - Covalent Capital Partners

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No. Security Ticker Shares Value Activity % Port History
1.
Ncl Corp LtdNOTE 5.375% 8/0
4,000,000 $5,132,000 22.4%
2. IEF 23,000 $4,616,330 -67% 20.15%
3.
Ishares Tr Iboxx Hi Yd Etf
54,000 $4,179,060 NEW 18.24%
4. IEF 11,375 $2,283,076 NEW 9.96%
5. DAL 41,000 $1,649,430 +37% 7.2%