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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
+9.44%
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
$68.4M
AUM Growth
-$24.3M
Cap. Flow
-$28.3M
Cap. Flow %
-41.43%
Top 10 Hldgs %
54.65%
Holding
44
New
3
Increased
10
Reduced
8
Closed
2

Top Buys

Rank Stock Value
1
TMX
Terminix Global Holdings, Inc.
TMX
+$795K
2
LGIH icon
LGI Homes
LGIH
+$711K
3
MHK icon
Mohawk Industries
MHK
+$398K
4
MGM icon
MGM Resorts International
MGM
+$397K
5
ITRN icon
Ituran Location and Control
ITRN
+$181K

Top Sells

Rank Stock Value
1
FDX icon
FedEx
FDX
+$14.4M
2
LVLT
Level 3 Communications Inc
LVLT
+$12.9M
3
LYV icon
Live Nation Entertainment
LYV
+$1.19M
4
ASIX icon
AdvanSix
ASIX
+$1M
5
HRG
HRG Group, Inc.
HRG
+$989K

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 26.38%
2 Financials 22.07%
3 Industrials 14.89%
4 Communication Services 14.63%
5 Consumer Staples 5.17%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BRK.B icon
1
Berkshire Hathaway Class B
BRK.B
$1.07T
$6.17M 9.03%
33,686
– –
FDX icon
2
FedEx
FDX
$74.5B
$4.67M 6.83%
20,714
-67,605
-77% -$14.4M
KKR icon
3
KKR & Co
KKR
$89.2B
$3.96M 5.78%
194,523
+7,000
+4% +$133K
PRSU
4
Pursuit Attractions and Hospitality Inc
PRSU
$1.43B
$3.57M 5.22%
58,679
-8,300
-12% -$440K
APO icon
5
Apollo Global Management
APO
$70.7B
$3.44M 5.03%
114,412
+3,000
+3% +$86.4K
LVLT
6
DELISTED
Level 3 Communications Inc
LVLT
$3.27M 4.78%
61,370
-231,455
-79% -$12.9M
LYV icon
7
Live Nation Entertainment
LYV
$41.2B
$3.25M 4.75%
74,555
-30,650
-29% -$1.19M
MHK icon
8
Mohawk Industries
MHK
$6.9B
$3.18M 4.64%
12,836
+1,600
+14% +$398K
CE icon
9
Celanese
CE
$5.09B
$3.17M 4.63%
30,402
+300
+1% +$29.5K
RICE
10
DELISTED
Rice Energy Inc.
RICE
$2.7M 3.95%
93,326
-2,100
-2% -$57.4K
GOOGL icon
11
Alphabet (Google) Class A
GOOGL
$3.91T
$2.62M 3.82%
53,720
– –
DLTR icon
12
Dollar Tree
DLTR
$23.1B
$2.58M 3.77%
29,739
– –
MLCO icon
13
Melco Resorts & Entertainment
MLCO
$2.1B
$2.02M 2.95%
83,730
– –
CHTR icon
14
Charter Communications
CHTR
$15.2B
$2M 2.92%
5,501
– –
GOOG icon
15
Alphabet (Google) Class C
GOOG
$3.9T
$1.9M 2.77%
39,540
– –
WRK
16
DELISTED
WestRock Company
WRK
$1.83M 2.67%
32,217
– –
MGM icon
17
MGM Resorts International
MGM
$11.7B
$1.45M 2.13%
44,610
+12,350
+38% +$397K
BKNG icon
18
Booking.com
BKNG
$138B
$1.45M 2.12%
19,825
– –
XOXO
19
DELISTED
Xo Group Inc
XOXO
$1.3M 1.9%
65,996
-10,000
-13% -$184K
LGIH icon
20
LGI Homes
LGIH
$1.4B
$1.27M 1.86%
26,230
+16,000
+156% +$711K
HRG
21
DELISTED
HRG Group, Inc.
HRG
$1.15M 1.69%
73,906
-61,250
-45% -$989K
SCHW
22
Charles Schwab
SCHW
$177B
$1.08M 1.58%
24,720
– –
AMH icon
23
American Homes 4 Rent
AMH
$12B
$1.08M 1.57%
49,553
– –
FIZZ icon
24
National Beverage
FIZZ
$2.87B
$955K 1.4%
15,400
– –
TMX
25
DELISTED
Terminix Global Holdings, Inc.
TMX
$843K 1.23%
+26,949
New +$795K
1
2

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QC
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KAM
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WCM
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HAM
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Covey Capital Advisors's Q3 2017 Portfolio in Review

As of Q3 2017, Covey Capital Advisors held 44 positions worth $68.4M, down 26% from $92.7M the previous quarter. Its ten largest holdings account for 55% of the portfolio.

Covey Capital Advisors withdrew a net $28.3M in Q3 2017, closing 2 positions and reducing 8 holdings. Its most notable exit was AdvanSix, an estimated $1M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 26% of assets, up from 17% a quarter earlier, followed by Financials and Industrials.

Against the trend, Covey Capital Advisors opened a new position in Terminix Global Holdings, Inc. worth $843K.

  • Covey Capital Advisors's largest Q3 2017 buy was Terminix Global Holdings, Inc.: 26,949 shares worth $843K.
  • Covey Capital Advisors added most to LGI Homes in Q3 2017, an estimated $711K increase.
  • Covey Capital Advisors's biggest Q3 2017 reduction was FedEx, cutting an estimated $14.4M.
  • Covey Capital Advisors fully exited AdvanSix in Q3 2017, selling an estimated $1M.
  • Covey Capital Advisors's ten largest holdings make up 55% of its $68.4M portfolio in Q3 2017.
  • Covey Capital Advisors opened 3 new positions and closed 2 in Q3 2017.
  • Covey Capital Advisors's portfolio value fell 26% quarter-over-quarter to $68.4M.

Based on Covey Capital Advisors's 13F filing for Q3 2017, filed 13 Nov 2017.