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CCA
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
(-3.6%)
Cap. Flow
-$7.6M
Cap. Flow
% of AUM
-4.02%
Top 10 Holdings %
Top 10 Hldgs %
73.8%
Holding
55
New
5
Increased
12
Reduced
11
Closed
11
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$9.66M |
| 2 |
PayPal
PYPL
|
+$9.58M |
| 3 |
FedEx
FDX
|
+$6.71M |
| 4 |
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 |
Alphabet (Google) Class C
GOOG
|
+$10.8M |
| 3 |
McDonald's
MCD
|
+$8.22M |
| 4 |
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 | |
|---|---|---|---|---|---|---|
|
LVLT
1
DELISTED
Level 3 Communications Inc
LVLT
| $37M | 19.57% |
699,464
-33,275
| -5% | -$1.64M |
|
2
Berkshire Hathaway Class B
BRK.B
$1.07T
| $22.5M | 11.93% |
158,886
-3,750
| -2% | -$497K |
|
|
3
FedEx
FDX
$74.5B
| $14.7M | 7.78% |
90,289
+48,276
| +115% | +$6.71M |
|
|
4
Dollar Tree
DLTR
$23.1B
| $12.7M | 6.7% |
153,434
+58,454
| +62% | +$4.61M |
|
|
5
PayPal
PYPL
$49.5B
| $10.2M | 5.42% |
+265,179
| New | +$9.58M |
|
|
6
Alphabet (Google) Class A
GOOGL
$3.91T
| $10M | 5.3% |
+262,300
| New | +$9.66M |
|
7
Voya Financial
VOYA
$8.94B
| $9.58M | 5.07% |
321,790
| – | – |
|
|
8
Alphabet (Google) Class C
GOOG
$3.9T
| $8.81M | 4.66% |
236,460
-302,440
| -56% | -$10.8M |
|
9
Melco Resorts & Entertainment
MLCO
$2.1B
| $7.25M | 3.84% |
439,211
| – | – |
|
|
10
McDonald's
MCD
$188B
| $6.67M | 3.53% |
53,101
-68,799
| -56% | -$8.22M |
|
|
WRK
11
DELISTED
WestRock Company
WRK
| $6.14M | 3.25% |
174,540
-22,597
| -11% | -$736K |
|
|
RICE
12
DELISTED
Rice Energy Inc.
RICE
| $5.7M | 3.02% |
408,554
+113,900
| +39% | +$1.18M |
|
|
BLD
13
DELISTED
TopBuild
BLD
| $4.77M | 2.53% |
160,443
| – | – |
|
|
QVCGA
14
DELISTED
QVC Group Inc Series A
QVCGA
| $3.56M | 1.88% |
2,901
+65
| +2% | +$79.2K |
|
|
HRG
15
DELISTED
HRG Group, Inc.
HRG
| $3.43M | 1.82% |
246,442
+4,940
| +2% | +$59.9K |
|
|
REV
16
DELISTED
Revlon, Inc.
REV
| $2.64M | 1.4% |
72,547
+20,932
| +41% | +$656K |
|
17
Live Nation Entertainment
LYV
$41.2B
| $2.54M | 1.35% |
114,005
+13,065
| +13% | +$285K |
|
18
Celanese
CE
$5.09B
| $2.25M | 1.19% |
34,312
-4,318
| -11% | -$268K |
|
|
PRSU
19
Pursuit Attractions and Hospitality Inc
PRSU
$1.43B
| $1.95M | 1.03% |
66,994
+7,090
| +12% | +$200K |
|
20
KKR & Co
KKR
$89.2B
| $1.7M | 0.9% |
115,532
-20,407
| -15% | -$278K |
|
21
Apollo Global Management
APO
$70.7B
| $1.62M | 0.86% |
94,812
-4,023
| -4% | -$60.3K |
|
|
FIG
22
DELISTED
Fortress Investment Group Llc
FIG
| $1.14M | 0.6% |
238,510
-78,108
| -25% | -$351K |
|
|
GPOR
23
DELISTED
Gulfport Energy Corp.
GPOR
| $1.13M | 0.6% |
39,812
+1,769
| +5% | +$46.7K |
|
24
Lindblad Expeditions
LIND
$1.76B
| $1.01M | 0.54% |
102,170
+3,000
| +3% | +$30.3K |
|
25
Liberty Latin America Class C
LILAK
$1.5B
| $977K | 0.52% |
+30,147
| New | +$959K |
|
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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.