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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
+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
(-51%)
Cap. Flow
-$105M
Cap. Flow
% of AUM
-113.68%
Top 10 Holdings %
Top 10 Hldgs %
68.66%
Holding
46
New
4
Increased
6
Reduced
16
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
MGM Resorts International
MGM
|
+$997K |
| 2 |
KKR & Co
KKR
|
+$555K |
| 3 |
Yelp
YELP
|
+$437K |
| 4 |
Apollo Global Management
APO
|
+$269K |
| 5 |
Celanese
CE
|
+$263K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Berkshire Hathaway Class B
BRK.B
|
+$20.8M |
| 2 |
Voya Financial
VOYA
|
+$12M |
| 3 |
RICE
Rice Energy Inc.
RICE
|
+$9.52M |
| 4 |
Dollar Tree
DLTR
|
+$8.85M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
1
FedEx
FDX
$74.7B
| $19.2M | 20.71% |
88,319
-4,700
| -5% | -$928K |
|
|
LVLT
2
DELISTED
Level 3 Communications Inc
LVLT
| $17.4M | 18.73% |
292,825
-123,339
| -30% | -$7.43M |
|
|
3
Berkshire Hathaway Class B
BRK.B
$1.06T
| $5.71M | 6.15% |
33,686
-125,200
| -79% | -$20.8M |
|
4
Live Nation Entertainment
LYV
$41B
| $3.67M | 3.96% |
105,205
-1,400
| -1% | -$46.9K |
|
|
5
KKR & Co
KKR
$86.2B
| $3.49M | 3.76% |
187,523
+30,341
| +19% | +$555K |
|
|
PRSU
6
Pursuit Attractions and Hospitality Inc
PRSU
$1.42B
| $3.17M | 3.41% |
66,979
-1,652
| -2% | -$73.9K |
|
|
7
Apollo Global Management
APO
$68.6B
| $2.95M | 3.18% |
111,412
+10,100
| +10% | +$269K |
|
|
8
Celanese
CE
$5.19B
| $2.86M | 3.08% |
30,102
+2,950
| +11% | +$263K |
|
9
Mohawk Industries
MHK
$6.71B
| $2.72M | 2.93% |
11,236
| – | – |
|
|
RICE
10
DELISTED
Rice Energy Inc.
RICE
| $2.54M | 2.74% |
95,426
-428,945
| -82% | -$9.52M |
|
11
Alphabet (Google) Class A
GOOGL
$3.89T
| $2.5M | 2.69% |
53,720
-182,580
| -77% | -$8.54M |
|
|
HRG
12
DELISTED
HRG Group, Inc.
HRG
| $2.39M | 2.58% |
135,156
-67,501
| -33% | -$1.27M |
|
|
13
Dollar Tree
DLTR
$22.6B
| $2.08M | 2.24% |
29,739
-114,695
| -79% | -$8.85M |
|
|
14
Melco Resorts & Entertainment
MLCO
$2.16B
| $1.88M | 2.03% |
83,730
-400,681
| -83% | -$8.73M |
|
15
Charter Communications
CHTR
$15.6B
| $1.85M | 2% |
5,501
-1,322
| -19% | -$441K |
|
|
WRK
16
DELISTED
WestRock Company
WRK
| $1.82M | 1.97% |
32,217
-109,840
| -77% | -$5.96M |
|
|
17
Alphabet (Google) Class C
GOOG
$3.89T
| $1.8M | 1.94% |
39,540
-176,520
| -82% | -$8.08M |
|
18
Booking.com
BKNG
$134B
| $1.48M | 1.6% |
19,825
-29,550
| -60% | -$2.17M |
|
|
XOXO
19
DELISTED
Xo Group Inc
XOXO
| $1.34M | 1.44% |
75,996
-180,672
| -70% | -$3.11M |
|
20
American Homes 4 Rent
AMH
$11.9B
| $1.12M | 1.21% |
49,553
+4,250
| +9% | +$96.7K |
|
|
SCHW
21
Charles Schwab
SCHW
$177B
| $1.06M | 1.15% |
24,720
+3,000
| +14% | +$120K |
|
|
22
MGM Resorts International
MGM
$11.5B
| $1.01M | 1.09% |
+32,260
| New | +$997K |
|
23
AdvanSix
ASIX
$577M
| $1M | 1.08% |
32,122
-88,070
| -73% | -$2.51M |
|
24
American Tower
AMT
$76.7B
| $794K | 0.86% |
6,000
| – | – |
|
25
Lindblad Expeditions
LIND
$1.77B
| $766K | 0.83% |
110,262
| – | – |
|
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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.