We are live on ! Find out more
CVLG icon

Covenant Logistics
CVLG

108 hedge funds and large institutions have $172M invested in Covenant Logistics in 2019 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 47 increasing their positions, 31 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

52% more repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 31

4.62% less ownership

Funds ownership: 150.83% → 146.21% (-4.6%)

9% less funds holding

Funds holding: 119 → 108 (-11)

25% less capital invested

Capital invested by funds: $229M → $172M (-$57.2M)

35% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 23

Holders
108
Holders Change
-11
Holders Change %
-9.24%
% of All Funds
2.35%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
15
Increased
47
Reduced
31
Closed
23
Calls
$570K
Puts
–
Net Calls
+$570K
Net Calls Change
+$328K

Top Buyers

1
LSV Asset Management
LSV Asset Management
Illinois
+$6.15M
2
N
Nuveen
North Carolina
+$3.87M
3
WMSA
Weiss Multi-Strategy Advisers
New York
+$3.5M
4
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$2.4M
5
Hotchkis & Wiley Capital Management
Hotchkis & Wiley Capital Management
California
+$1.87M

Top Sellers

1
HA
Homestead Advisers
Virginia
-$10.3M
2
PCM
Portolan Capital Management
Massachusetts
-$3.32M
3
Bank of New York Mellon
Bank of New York Mellon
New York
-$2.81M
4
AL
AJO LP
Pennsylvania
-$1.42M
5
American Century Companies
American Century Companies
Missouri
-$1.34M
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of New York Mellon
26
Bank of New York Mellon
New York
$1.7M -$2.81M -321,202 -58%
PCM
27
Penn Capital Management
Pennsylvania
$1.58M -$289K -33,064 -13%
Man Group
28
Man Group
United Kingdom
$1.57M – – –
Goldman Sachs
29
Goldman Sachs
New York
$1.55M -$496K -56,680 -21%
SCM
30
Southport Capital Management
Tennessee
$1.46M +$23K +2,624 +1%
Citadel Advisors
31
Citadel Advisors
Florida
$1.42M +$812K +92,850 +92%
Two Sigma Investments
32
Two Sigma Investments
New York
$1.37M -$141K -16,160 -8%
Acadian Asset Management
33
Acadian Asset Management
Massachusetts
$1.23M +$668K +76,342 +83%
Victory Capital Management
34
Victory Capital Management
Texas
$1.18M +$232K +26,534 +20%
BCM
35
Basswood Capital Management
New York
$1.18M +$1.41M +161,030 New
Invesco
36
Invesco
Georgia
$1.13M -$131K -14,994 -9%
Bank of Montreal
37
Bank of Montreal
Ontario, Canada
$1.11M -$95.2K -10,882 -7%
Bank of America
38
Bank of America
North Carolina
$996K -$40K -4,568 -3%
Morgan Stanley
39
Morgan Stanley
New York
$952K +$1.01M +115,018 +790%
Connor, Clark & Lunn Investment Management (CC&L)
40
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$930K +$102K +11,700 +10%
AL
41
AJO LP
Pennsylvania
$901K -$1.42M -162,576 -57%
Renaissance Technologies
42
Renaissance Technologies
New York
$884K -$54.3K -6,200 -5%
Allianz Asset Management
43
Allianz Asset Management
Germany
$812K -$338K -38,650 -26%
Stifel Financial
44
Stifel Financial
Missouri
$792K +$942K +107,704 New
CIA
45
Capital Impact Advisors
Massachusetts
$737K -$265K -30,244 -22%
Deutsche Bank
46
Deutsche Bank
Germany
$726K -$464K -53,022 -35%
Russell Investments Group
47
Russell Investments Group
United Kingdom
$666K +$3.27K +374 +0.4%
MERSOM
48
Municipal Employees' Retirement System of Michigan
Michigan
$653K +$293K +33,480 +60%
SFM
49
Systematic Financial Management
New Jersey
$628K -$205K -23,400 -22%
Marshall Wace
50
Marshall Wace
United Kingdom
$626K +$745K +85,096 New
1
2
3 4 5

CVLG Hedge Fund Activity: Q2 2019 in Review

108 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Covenant Logistics (CVLG) for Q2 2019, worth a combined $172M — down 25% from $229M a quarter earlier.

Sellers outnumbered buyers: 23 funds closed out of CVLG and 15 opened new positions — a net loss of 8 holders — while 31 trimmed existing stakes and 47 added.

The largest buyer was LSV Asset Management, adding an estimated $6.15M. The largest seller was Homestead Advisers, cutting an estimated $10.3M.

  • 108 institutional investors held Covenant Logistics (CVLG) as of Q2 2019, down from 119 in Q1 2019.
  • Funds reported $172M of Covenant Logistics stock for Q2 2019, down 25% quarter-over-quarter.
  • 15 funds opened new Covenant Logistics positions in Q2 2019 and 23 closed out, a net change of -8 holders.
  • The largest Covenant Logistics buyer in Q2 2019 was LSV Asset Management, an estimated $6.15M added.
  • The largest Covenant Logistics seller in Q2 2019 was Homestead Advisers, an estimated $10.3M sold.

Based on aggregated 13F filings for Q2 2019.