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Covey Capital Advisors Portfolio holdings

AUM $92.9M
1-Year Est. Return 24.61%
This Fund
S&P 500
This Quarter Est. Return
+6.56%
1 Year Est. Return
+24.61%
3 Year Est. Return
+118.06%
5 Year Est. Return
+204.53%
10 Year Est. Return
+687.96%
AUM
$92.7M
AUM Growth
-$97.3M
Cap. Flow
-$105M
Cap. Flow %
-113.68%
Top 10 Hldgs %
68.66%
Holding
46
New
4
Increased
6
Reduced
16
Closed
5

Top Buys

Rank Stock Value
1
MGM icon
MGM Resorts International
MGM
+$997K
2
KKR icon
KKR & Co
KKR
+$555K
3
YELP icon
Yelp
YELP
+$437K
4
APO icon
Apollo Global Management
APO
+$269K
5
CE icon
Celanese
CE
+$263K

Top Sells

Rank Stock Value
1
BRK.B icon
Berkshire Hathaway Class B
BRK.B
+$20.8M
2
VOYA icon
Voya Financial
VOYA
+$12M
3
RICE
Rice Energy Inc.
RICE
+$9.52M
4
DLTR icon
Dollar Tree
DLTR
+$8.85M
5
MLCO icon
Melco Resorts & Entertainment
MLCO
+$8.73M

Sector Composition

Rank Sector Weight
1 Industrials 42.35%
2 Consumer Discretionary 16.56%
3 Financials 14.64%
4 Communication Services 11.04%
5 Materials 4.45%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FISV
26
Fiserv Inc
FISV
$29.7B
$734K 0.79%
12,000
– –
FIZZ icon
27
National Beverage
FIZZ
$3.06B
$720K 0.78%
15,400
– –
TEL icon
28
TE Connectivity
TEL
$60B
$669K 0.72%
8,500
– –
PLUS icon
29
ePlus
PLUS
$2.43B
$593K 0.64%
16,000
– –
WBC
30
DELISTED
WABCO HOLDINGS INC.
WBC
$561K 0.61%
4,400
– –
YELP icon
31
Yelp
YELP
$1.54B
$420K 0.45%
+14,000
New +$437K
LGIH icon
32
LGI Homes
LGIH
$1.35B
$411K 0.44%
10,230
– –
AIG.WS
33
DELISTED
American International Group, Inc.
AIG.WS
$402K 0.43%
19,057
– –
UAL icon
34
United Airlines
UAL
$38.8B
$301K 0.32%
4,000
– –
ITRN icon
35
Ituran Location and Control
ITRN
$1.08B
$252K 0.27%
+8,050
New +$253K
ORCL icon
36
Oracle
ORCL
$339B
$251K 0.27%
5,000
– –
ATH
37
DELISTED
Athene Holding Ltd. Class A Common Shares
ATH
$221K 0.24%
+4,445
New +$228K
ADNT icon
38
Adient
ADNT
$1.69B
$196K 0.21%
3,000
– –
HBM icon
39
Hudbay
HBM
$9.76B
$173K 0.19%
30,000
– –
AFH
40
DELISTED
Atlas Financial Holdings, Inc. Ordinary Shares
AFH
$151K 0.16%
10,150
– –
TGLS icon
41
Tecnoglass
TGLS
$1.99B
$94K 0.1%
10,121
+121
+1% +$1.22K
BLD
42
DELISTED
TopBuild
BLD
– –
-94,008
Closed -$4.42M
VOYA icon
43
Voya Financial
VOYA
$8.96B
– –
-315,890
Closed -$12M
QVCGA
44
DELISTED
QVC Group Inc Series A
QVCGA
– –
-842
Closed -$818K
CHK
45
DELISTED
Chesapeake Energy Corporation
CHK
– –
-797
Closed -$946K
FIG
46
DELISTED
Fortress Investment Group Llc
FIG
– –
-246,510
Closed -$1.96M
1
2

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KAM
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PWH
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Covey Capital Advisors's Q2 2017 Portfolio in Review

As of Q2 2017, Covey Capital Advisors held 46 positions worth $92.7M, down 51% from $190M the previous quarter. Its ten largest holdings account for 69% of the portfolio.

Covey Capital Advisors withdrew a net $105M in Q2 2017, closing 5 positions and reducing 16 holdings. Its most notable exit was Voya Financial, an estimated $12M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 42% of assets, up from 27% a quarter earlier, followed by Consumer Discretionary and Financials.

Against the trend, Covey Capital Advisors opened a new position in MGM Resorts International worth $1.01M.

  • Covey Capital Advisors's largest Q2 2017 buy was MGM Resorts International: 32,260 shares worth $1.01M.
  • Covey Capital Advisors added most to KKR & Co in Q2 2017, an estimated $555K increase.
  • Covey Capital Advisors's biggest Q2 2017 reduction was Berkshire Hathaway Class B, cutting an estimated $20.8M.
  • Covey Capital Advisors fully exited Voya Financial in Q2 2017, selling an estimated $12M.
  • Covey Capital Advisors's ten largest holdings make up 69% of its $92.7M portfolio in Q2 2017.
  • Covey Capital Advisors opened 4 new positions and closed 5 in Q2 2017.
  • Covey Capital Advisors's portfolio value fell 51% quarter-over-quarter to $92.7M.

Based on Covey Capital Advisors's 13F filing for Q2 2017, filed 10 Aug 2017.