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Covenant Logistics
CVLG

80 hedge funds and large institutions have $216M invested in Covenant Logistics in 2017 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 31 increasing their positions, 24 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

29% more repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 24

3.48% more ownership

Funds ownership: 141.2% → 144.68% (+3.5%)

0% less capital invested

Capital invested by funds: $217M → $216M (-$474K)

11% less funds holding

Funds holding: 90 → 80 (-10)

31% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 13

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $1.27M

Holders
80
Holders Change
-10
Holders Change %
-11.11%
% of All Funds
1.99%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
31
Reduced
24
Closed
13
Calls
–
Puts
$1.27M
Net Calls
-$1.27M
Net Calls Change
-$1.27M

Top Buyers

1
BlackRock
BlackRock
New York
+$16.3M
2
RCMC
RK Capital Management (Colorado)
Colorado
+$6.84M
3
KCM
Kennedy Capital Management
Missouri
+$6.8M
4
GC
Guggenheim Capital
Illinois
+$5.11M
5
Wellington Management Group
Wellington Management Group
Massachusetts
+$4.86M

Top Sellers

1
JIR
James Investment Research
Ohio
-$5.19M
2
PCM
Portolan Capital Management
Massachusetts
-$4.31M
3
PCM
Penn Capital Management
Pennsylvania
-$3.61M
4
Alyeska Investment Group
Alyeska Investment Group
Illinois
-$3.05M
5
DCM
Driehaus Capital Management
Illinois
-$2.77M
Name Holding Trade Value Shares
Change 		Change in
Stake
SCM
26
Southport Capital Management
Tennessee
$1.82M – – –
Wells Fargo
27
Wells Fargo
California
$1.79M -$122K -12,344 -6%
Fisher Asset Management
28
Fisher Asset Management
Washington
$1.72M +$566K +57,376 +46%
RIM
29
Ranger Investment Management
Texas
$1.63M – – –
GIP
30
Granite Investment Partners
California
$1.44M -$59.7K -6,056 -4%
Victory Capital Management
31
Victory Capital Management
Texas
$1.21M -$245K -24,814 -16%
Bank of New York Mellon
32
Bank of New York Mellon
New York
$1.19M +$68.5K +6,946 +6%
Two Sigma Investments
33
Two Sigma Investments
New York
$1.14M -$1.05M -106,634 -47%
Renaissance Technologies
34
Renaissance Technologies
New York
$1.05M -$2.38M -241,000 -68%
Two Sigma Advisers
35
Two Sigma Advisers
New York
$934K +$104K +10,582 +12%
Comerica Bank
36
Comerica Bank
Texas
$930K +$977K +99,154 New
1CM
37
1492 Capital Management
Wisconsin
$838K +$380K +38,528 +76%
SCM
38
SG Capital Management
Illinois
$800K +$839K +85,072 New
Bank of America
39
Bank of America
North Carolina
$767K +$290K +29,448 +56%
Allianz Asset Management
40
Allianz Asset Management
Germany
$686K -$35.5K -3,604 -5%
Invesco
41
Invesco
Georgia
$655K +$236K +23,988 +52%
HCM
42
Horrell Capital Management
Arkansas
$612K +$1.97K +200 +0.4%
TCIM
43
TIAA CREF Investment Management
New York
$606K -$24.9K -2,522 -4%
California Public Employees Retirement System
44
California Public Employees Retirement System
California
$588K -$27.6K -2,800 -4%
WCM
45
Wedge Capital Management
North Carolina
$517K +$31.5K +3,200 +6%
Commonwealth Equity Services
46
Commonwealth Equity Services
Massachusetts
$487K -$35.7K -3,622 -7%
SO
47
STRS Ohio
Ohio
$481K – – –
Charles Schwab
48
Charles Schwab
California
$457K – – –
CL
49
Croft-Leominster
Maryland
$451K +$473K +48,000 New
California State Teachers Retirement System (CalSTRS)
50
California State Teachers Retirement System (CalSTRS)
California
$448K -$11.8K -1,200 -2%
1
2
3 4

CVLG Hedge Fund Activity: Q1 2017 in Review

80 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Covenant Logistics (CVLG) for Q1 2017, worth a combined $216M — down 0.22% from $217M a quarter earlier.

Sellers outnumbered buyers: 13 funds closed out of CVLG and 9 opened new positions — a net loss of 4 holders — while 24 trimmed existing stakes and 31 added.

The largest buyer was BlackRock, adding an estimated $16.3M. The largest seller was James Investment Research, exiting entirely with an estimated $5.19M sold.

  • 80 institutional investors held Covenant Logistics (CVLG) as of Q1 2017, down from 90 in Q4 2016.
  • Funds reported $216M of Covenant Logistics stock for Q1 2017, down 0.22% quarter-over-quarter.
  • 9 funds opened new Covenant Logistics positions in Q1 2017 and 13 closed out, a net change of -4 holders.
  • The largest Covenant Logistics buyer in Q1 2017 was BlackRock, an estimated $16.3M added.
  • The largest Covenant Logistics seller in Q1 2017 was James Investment Research, an estimated $5.19M sold.

Based on aggregated 13F filings for Q1 2017.