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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
+1.44%
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
$189M
AUM Growth
-$7.01M
Cap. Flow
-$7.6M
Cap. Flow %
-4.02%
Top 10 Hldgs %
73.8%
Holding
55
New
5
Increased
12
Reduced
11
Closed
11

Top Buys

Rank Stock Value
1
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$9.66M
2
PYPL icon
PayPal
PYPL
+$9.58M
3
FDX icon
FedEx
FDX
+$6.71M
4
DLTR icon
Dollar Tree
DLTR
+$4.61M
5
RICE
Rice Energy Inc.
RICE
+$1.18M

Top Sells

Rank Stock Value
1
PCP
PRECISION CASTPARTS CORP
PCP
+$12.7M
2
GOOG icon
Alphabet (Google) Class C
GOOG
+$10.8M
3
MCD icon
McDonald's
MCD
+$8.22M
4
NCLH icon
Norwegian Cruise Line
NCLH
+$2.22M
5
LVLT
Level 3 Communications Inc
LVLT
+$1.64M

Sector Composition

Rank Sector Weight
1 Industrials 32.02%
2 Financials 24.88%
3 Consumer Discretionary 15.39%
4 Communication Services 12.27%
5 Consumer Staples 8.55%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WRLD icon
51
World Acceptance Corp
WRLD
$897M
– –
-20,900
Closed -$775K
DD
52
DELISTED
Du Pont De Nemours E I
DD
– –
-12,066
Closed -$804K
PCP
53
DELISTED
PRECISION CASTPARTS CORP
PCP
– –
-54,840
Closed -$12.7M
GRA
54
DELISTED
W.R. Grace & Co.
GRA
– –
-2,200
Closed -$219K
REXX
55
DELISTED
Rex Energy Corporation
REXX
– –
-15,000
Closed -$158K
1 2
3

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KAM
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PWH
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Covey Capital Advisors's Q1 2016 Portfolio in Review

As of Q1 2016, Covey Capital Advisors held 55 positions worth $189M, down 3.6% from $196M the previous quarter. Its ten largest holdings account for 74% of the portfolio.

Covey Capital Advisors withdrew a net $7.6M in Q1 2016, closing 11 positions and reducing 11 holdings. Its most notable exit was PRECISION CASTPARTS CORP, an estimated $12.7M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 32% of assets, down from 34% a quarter earlier, followed by Financials and Consumer Discretionary.

Against the trend, Covey Capital Advisors opened a new position in Alphabet (Google) Class A worth $10M.

  • Covey Capital Advisors's largest Q1 2016 buy was Alphabet (Google) Class A: 262,300 shares worth $10M.
  • Covey Capital Advisors added most to FedEx in Q1 2016, an estimated $6.71M increase.
  • Covey Capital Advisors's biggest Q1 2016 reduction was Alphabet (Google) Class C, cutting an estimated $10.8M.
  • Covey Capital Advisors fully exited PRECISION CASTPARTS CORP in Q1 2016, selling an estimated $12.7M.
  • Covey Capital Advisors's ten largest holdings make up 74% of its $189M portfolio in Q1 2016.
  • Covey Capital Advisors opened 5 new positions and closed 11 in Q1 2016.
  • Covey Capital Advisors's portfolio value fell 3.6% quarter-over-quarter to $189M.

Based on Covey Capital Advisors's 13F filing for Q1 2016, filed 12 May 2016.