Cove Street Capital Portfolio holdings
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
E.W. Scripps
SSP
|
+$13.5M |
| 2 |
PPLI
People Inc
PPLI
|
+$10.8M |
| 3 |
Motorcar Parts of America
MPAA
|
+$4.6M |
| 4 |
LGTY
Logility Supply Chain Solutions, Inc. Common Stock
LGTY
|
+$4.27M |
| 5 |
Outfront Media
OUT
|
+$2.85M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
HCCI
Heritage-Crystal Clean, Inc.
HCCI
|
+$9.43M |
| 2 |
Commault Systems
CVLT
|
+$7.16M |
| 3 |
Viasat
VSAT
|
+$6.3M |
| 4 |
Lifecore Biomedical
LFCR
|
+$4.7M |
| 5 |
Millicom
TIGO
|
+$2.33M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 21.34% |
| 2 | Materials | 15.44% |
| 3 | Industrials | 15.29% |
| 4 | Financials | 14.19% |
| 5 | Technology | 13.36% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
76
Commault Systems
CVLT
$5.84B
| – | – |
-98,618
| Closed | -$7.16M |
|
|
CTG
77
DELISTED
Computer Task Group, Inc.
CTG
| – | – |
-1,302
| Closed | -$9.91K |
|
|
CCF
78
DELISTED
Chase Corporation
CCF
| – | – |
-3,793
| Closed | -$460K |
|
|
HCCI
79
DELISTED
Heritage-Crystal Clean, Inc.
HCCI
| – | – |
-249,662
| Closed | -$9.43M |
|
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Cove Street Capital's Q3 2023 Portfolio in Review
As of Q3 2023, Cove Street Capital held 85 positions worth $296M, down 8.3% from $322M the previous quarter. Its ten largest holdings account for 46% of the portfolio.
Cove Street Capital deployed $23.5M of net new capital in Q3 2023, opening 5 new positions and adding to 28 existing holdings. Its largest new stake was Logility Supply Chain Solutions, Inc. Common Stock: 384,820 shares worth $4.19M.
By sector, the portfolio is most concentrated in Communication Services at 21% of assets, up from 18% a quarter earlier, followed by Materials and Industrials.
On the sell side, the largest reduction was Viasat, an estimated $6.3M trimmed.
- Cove Street Capital's largest Q3 2023 buy was Logility Supply Chain Solutions, Inc. Common Stock: 384,820 shares worth $4.19M.
- Cove Street Capital added most to E.W. Scripps in Q3 2023, an estimated $13.5M increase.
- Cove Street Capital's biggest Q3 2023 reduction was Viasat, cutting an estimated $6.3M.
- Cove Street Capital fully exited Heritage-Crystal Clean, Inc. in Q3 2023, selling an estimated $9.43M.
- Cove Street Capital's ten largest holdings make up 46% of its $296M portfolio in Q3 2023.
- Cove Street Capital opened 5 new positions and closed 4 in Q3 2023.
- Cove Street Capital's portfolio value fell 8.3% quarter-over-quarter to $296M.
Based on Cove Street Capital's 13F filing for Q3 2023, filed 9 Nov 2023.