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Covenant Logistics
CVLG

131 hedge funds and large institutions have $340M invested in Covenant Logistics in 2018 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 49 increasing their positions, 49 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

55% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 11

3% more funds holding

Funds holding: 127 → 131 (+4)

0% more repeat investments, than reductions

Existing positions increased: 49 | Existing positions reduced: 49

3.68% less ownership

Funds ownership: 150.23% → 146.54% (-3.7%)

10% less capital invested

Capital invested by funds: $376M → $340M (-$35.9M)

39% less call options, than puts

Call options by funds: $580K | Put options by funds: $956K

Holders
131
Holders Change
+4
Holders Change %
+3.15%
% of All Funds
2.99%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
17
Increased
49
Reduced
49
Closed
11
Calls
$580K
Puts
$956K
Net Calls
-$376K
Net Calls Change
-$3.84M

Top Buyers

1
HA
Homestead Advisers
Virginia
+$7.56M
2
SCM
Sandler Capital Management
New York
+$7.17M
3
BPM
Bowling Portfolio Management
Ohio
+$1.75M
4
TCIM
TIAA CREF Investment Management
New York
+$1.71M
5
PCM
Piermont Capital Management
Missouri
+$1.58M

Top Sellers

1
Millennium Management
Millennium Management
New York
-$10.5M
2
PCM
Portolan Capital Management
Massachusetts
-$9.26M
3
AAM
ACK Asset Management
Connecticut
-$4.68M
4
AllianceBernstein
AllianceBernstein
Tennessee
-$2.68M
5
Wells Fargo
Wells Fargo
California
-$2.07M
Name Holding Trade Value Shares
Change 		Change in
Stake
AAM
26
ACK Asset Management
Connecticut
$2.91M -$4.68M -310,000 -61%
Citadel Advisors
27
Citadel Advisors
Florida
$2.89M +$72K +4,766 +2%
SCM
28
Southport Capital Management
Tennessee
$2.84M – – –
Millennium Management
29
Millennium Management
New York
$2.67M -$10.5M -691,644 -79%
IA
30
IndexIQ Advisors
New York
$2.21M +$87K +5,758 +4%
American Century Companies
31
American Century Companies
Missouri
$2.21M +$27.9K +1,844 +1%
Bank of Montreal
32
Bank of Montreal
Ontario, Canada
$2.14M -$825K -54,616 -27%
Bank of New York Mellon
33
Bank of New York Mellon
New York
$2.02M +$70K +4,632 +3%
Victory Capital Management
34
Victory Capital Management
Texas
$1.97M -$90.7K -6,000 -4%
Man Group
35
Man Group
United Kingdom
$1.92M -$60.9K -4,032 -3%
CEP
36
Chicago Equity Partners
Illinois
$1.8M -$36K -2,380 -2%
CIA
37
Capital Impact Advisors
Massachusetts
$1.74M +$154K +10,196 +9%
BPM
38
Bowling Portfolio Management
Ohio
$1.69M +$1.75M +116,096 New
Charles Schwab
39
Charles Schwab
California
$1.67M – – –
3C
40
361 Capital
Colorado
$1.61M -$25K -1,654 -1%
Prudential Financial
41
Prudential Financial
New Jersey
$1.59M -$1.1M -72,940 -40%
Connor, Clark & Lunn Investment Management (CC&L)
42
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$1.56M +$584K +38,650 +56%
PCM
43
Piermont Capital Management
Missouri
$1.52M +$1.58M +104,320 New
HIM
44
Hillsdale Investment Management
Ontario, Canada
$1.47M +$181K +12,000 +14%
ERSOT
45
Employees Retirement System of Texas
Texas
$1.34M – – –
MAM
46
Martingale Asset Management
Massachusetts
$1.29M -$191K -12,608 -12%
ZIM
47
Zacks Investment Management
Illinois
$1.29M -$476K -31,488 -26%
CAM
48
ClariVest Asset Management
California
$1.28M +$36.5K +2,416 +3%
Acadian Asset Management
49
Acadian Asset Management
Massachusetts
$1.27M -$150K -9,954 -10%
NA
50
Navellier & Associates
Nevada
$1.25M +$50.3K +3,328 +4%
1
2
3 4 5

CVLG Hedge Fund Activity: Q3 2018 in Review

131 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Covenant Logistics (CVLG) for Q3 2018, worth a combined $340M — down 9.5% from $376M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new CVLG positions and 11 closed out — a net gain of 6 holders — while 49 added to existing stakes and 49 trimmed.

The largest buyer was Homestead Advisers, adding an estimated $7.56M. The largest seller was Millennium Management, cutting an estimated $10.5M.

  • 131 institutional investors held Covenant Logistics (CVLG) as of Q3 2018, up from 127 in Q2 2018.
  • Funds reported $340M of Covenant Logistics stock for Q3 2018, down 9.5% quarter-over-quarter.
  • 17 funds opened new Covenant Logistics positions in Q3 2018 and 11 closed out, a net change of +6 holders.
  • The largest Covenant Logistics buyer in Q3 2018 was Homestead Advisers, an estimated $7.56M added.
  • The largest Covenant Logistics seller in Q3 2018 was Millennium Management, an estimated $10.5M sold.

Based on aggregated 13F filings for Q3 2018.