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Covenant Logistics
CVLG

48 hedge funds and large institutions have $68.1M invested in Covenant Logistics in 2014 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 12 increasing their positions, 11 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

600% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 2

33% more funds holding

Funds holding: 36 → 48 (+12)

32% more capital invested

Capital invested by funds: $51.8M → $68.1M (+$16.4M)

9% more repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 11

Holders
48
Holders Change
+12
Holders Change %
+33.33%
% of All Funds
1.39%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
14
Increased
12
Reduced
11
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
SAM
Scopus Asset Management
New York
+$1.81M
2
EI
EAM Investors
California
+$1.69M
3
NC
Northpointe Capital
Michigan
+$1.49M
4
COPPSERS
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
+$829K
5
CCM
Coe Capital Management
Illinois
+$770K

Top Sellers

1
Wells Fargo
Wells Fargo
California
-$2.22M
2
PCM
Perritt Capital Management
Illinois
-$889K
3
DSC
Donald Smith & Co
New York
-$874K
4
Invesco
Invesco
Georgia
-$216K
5
N
Natixis
France
-$112K
Name Holding Trade Value Shares
Change 		Change in
Stake
PCM
26
Prelude Capital Management
New York
$202K +$194K +40,000 New
Invesco
27
Invesco
Georgia
$197K -$216K -44,480 -53%
TC
28
TFS Capital
Pennsylvania
$190K +$183K +37,620 New
Wellington Management Group
29
Wellington Management Group
Massachusetts
$163K – – –
GMCM
30
Gruber & McBaine Capital Management
California
$150K +$145K +29,800 New
Bank of New York Mellon
31
Bank of New York Mellon
New York
$130K – – –
State Street
32
State Street
Massachusetts
$122K – – –
SM
33
Senvest Management
New York
$119K +$114K +23,500 New
CRM
34
Cramer Rosenthal McGlynn
Connecticut
$118K – – –
N
35
Natixis
France
$106K -$112K -23,000 -52%
BGIM
36
Brandywine Global Investment Management
Pennsylvania
$101K -$1.85K -380 -2%
Axa
37
Axa
France
$54K +$51.7K +10,644 New
Deutsche Bank
38
Deutsche Bank
Germany
$31K +$30.2K +6,216 New
U
39
UBS
Switzerland
$29K +$18K +3,696 +185%
TRCT
40
Tower Research Capital (TRC)
New York
$20K +$19.9K +4,086 New
NFA
41
Nationwide Fund Advisors
Ohio
$19K – – –
BA
42
BlackRock Advisors
Delaware
$14K – – –
OSAM
43
O'Shaughnessy Asset Management
Connecticut
$4K -$515 -106 -12%
Citigroup
44
Citigroup
New York
$3K +$78 +16 +3%
Ameriprise
45
Ameriprise
Minnesota
$1K – – –
GC
46
Globeflex Capital
California
$1K +$1.65K +340 New
BNP Paribas Financial Markets
47
BNP Paribas Financial Markets
France
$666 – – –
QCMC
48
Quantum Capital Management (California)
California
– -$57K -13,800 Closed
Bank of America
49
Bank of America
North Carolina
– -$45K -11,054 Closed
BlackRock
50
BlackRock
New York
– +$379 +78 New
1
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CVLG Hedge Fund Activity: Q1 2014 in Review

48 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Covenant Logistics (CVLG) for Q1 2014, worth a combined $68.1M — up 32% from $51.8M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new CVLG positions and 2 closed out — a net gain of 12 holders — while 12 added to existing stakes and 11 trimmed.

The largest buyer was Scopus Asset Management, adding an estimated $1.81M. The largest seller was Wells Fargo, cutting an estimated $2.22M.

  • 48 institutional investors held Covenant Logistics (CVLG) as of Q1 2014, up from 36 in Q4 2013.
  • Funds reported $68.1M of Covenant Logistics stock for Q1 2014, up 32% quarter-over-quarter.
  • 14 funds opened new Covenant Logistics positions in Q1 2014 and 2 closed out, a net change of +12 holders.
  • The largest Covenant Logistics buyer in Q1 2014 was Scopus Asset Management, an estimated $1.81M added.
  • The largest Covenant Logistics seller in Q1 2014 was Wells Fargo, an estimated $2.22M sold.

Based on aggregated 13F filings for Q1 2014.