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Covenant Logistics
CVLG

115 hedge funds and large institutions have $261M invested in Covenant Logistics in 2015 Q2 according to their latest regulatory filings, with 38 funds opening new positions, 33 increasing their positions, 34 reducing their positions, and 27 closing their positions.

New
Increased
Maintained
Reduced
Closed

41% more first-time investments, than exits

New positions opened: 38 | Existing positions closed: 27

11% more funds holding

Funds holding: 104 → 115 (+11)

3% less repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 34

19% less capital invested

Capital invested by funds: $323M → $261M (-$62.5M)

100% less funds holding in top 10

Funds holding in top 10: 2 → 0 (-2)

Holders
115
Holders Change
+11
Holders Change %
+10.58%
% of All Funds
3.1%
Holding in Top 10
–
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-100%
% of All Funds
–
New
38
Increased
33
Reduced
34
Closed
27
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
CRCP
Copper Rock Capital Partners
Massachusetts
+$11.9M
2
BFA
BlackRock Fund Advisors
California
+$8.62M
3
Victory Capital Management
Victory Capital Management
Texas
+$7.8M
4
NAP
New Amsterdam Partners
New York
+$4.6M
5
MOACM
Mutual of America Capital Management
New York
+$4.24M

Top Sellers

1
EI
EAM Investors
California
-$5.72M
2
TC
TFS Capital
Pennsylvania
-$4.72M
3
DCM
Driehaus Capital Management
Illinois
-$4.33M
4
SCM
Sandler Capital Management
New York
-$3.32M
5
HRCM
Hood River Capital Management
Florida
-$3.29M
Name Holding Trade Value Shares
Change 		Change in
Stake
RFC
26
Russell Frank Company
Washington
$2.41M +$1.37M +89,446 +87%
New York State Common Retirement Fund
27
New York State Common Retirement Fund
New York
$2.39M +$941K +61,654 +48%
Millennium Management
28
Millennium Management
New York
$2.26M -$1.67M -109,238 -38%
Invesco
29
Invesco
Georgia
$2.19M -$144K -9,434 -5%
SFM
30
Systematic Financial Management
New Jersey
$1.93M -$1.07K -70 -0%
Geode Capital Management
31
Geode Capital Management
Massachusetts
$1.86M +$558K +36,588 +33%
RI
32
Redwood Investments
Massachusetts
$1.84M +$2.24M +146,794 New
RIM
33
Ranger Investment Management
Texas
$1.7M +$280K +18,378 +16%
CAM
34
ClariVest Asset Management
California
$1.54M -$798K -52,312 -30%
California Public Employees Retirement System
35
California Public Employees Retirement System
California
$1.51M +$111K +7,274 +6%
TCIM
36
TIAA CREF Investment Management
New York
$1.5M +$1.82M +119,348 New
Bank of New York Mellon
37
Bank of New York Mellon
New York
$1.31M +$239K +15,688 +18%
GMCM
38
Gruber & McBaine Capital Management
California
$1.25M – – –
FP
39
Foundry Partners
Minnesota
$1.23M +$274K +17,964 +22%
Axa
40
Axa
France
$1.18M +$632K +41,400 +78%
NIM
41
NXG Investment Management
Texas
$1.14M +$1.39M +90,962 New
BIM
42
BlackRock Investment Management
Delaware
$1.04M +$1.22M +79,844 +2,358%
Northern Trust
43
Northern Trust
Illinois
$1.03M +$330K +21,594 +36%
SIM
44
Spark Investment Management
New York
$977K – – –
AQR Capital Management
45
AQR Capital Management
Connecticut
$954K +$294K +19,252 +34%
Acadian Asset Management
46
Acadian Asset Management
Massachusetts
$931K -$1.16M -75,792 -50%
WMSA
47
Weiss Multi-Strategy Advisers
New York
$896K +$1.09M +71,530 New
Two Sigma Investments
48
Two Sigma Investments
New York
$828K +$1.01M +66,112 New
TI
49
Trexquant Investment
Connecticut
$784K +$955K +62,600 New
TC
50
TFS Capital
Pennsylvania
$769K -$4.72M -309,066 -83%
1
2
3 4 5

CVLG Hedge Fund Activity: Q2 2015 in Review

115 of the 3,711 institutional investors tracked by Wall St. Rank reported a position in Covenant Logistics (CVLG) for Q2 2015, worth a combined $261M — down 19% from $323M a quarter earlier.

Buyers outnumbered sellers: 38 funds opened new CVLG positions and 27 closed out — a net gain of 11 holders — while 33 added to existing stakes and 34 trimmed.

The largest buyer was Copper Rock Capital Partners, adding an estimated $11.9M. The largest seller was EAM Investors, exiting entirely with an estimated $5.72M sold.

  • 115 institutional investors held Covenant Logistics (CVLG) as of Q2 2015, up from 104 in Q1 2015.
  • Funds reported $261M of Covenant Logistics stock for Q2 2015, down 19% quarter-over-quarter.
  • 38 funds opened new Covenant Logistics positions in Q2 2015 and 27 closed out, a net change of +11 holders.
  • The largest Covenant Logistics buyer in Q2 2015 was Copper Rock Capital Partners, an estimated $11.9M added.
  • The largest Covenant Logistics seller in Q2 2015 was EAM Investors, an estimated $5.72M sold.

Based on aggregated 13F filings for Q2 2015.