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Covenant Logistics
CVLG

90 hedge funds and large institutions have $192M invested in Covenant Logistics in 2019 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 35 increasing their positions, 31 reducing their positions, and 27 closing their positions.

New
Increased
Maintained
Reduced
Closed

13% more repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 31

12% more capital invested

Capital invested by funds: $172M → $192M (+$20.1M)

1.07% less ownership

Funds ownership: 146.21% → 145.14% (-1.1%)

17% less funds holding

Funds holding: 108 → 90 (-18)

67% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 27

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $460K

Holders
90
Holders Change
-18
Holders Change %
-16.67%
% of All Funds
1.97%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
35
Reduced
31
Closed
27
Calls
–
Puts
$460K
Net Calls
-$460K
Net Calls Change
-$1.03M

Top Buyers

1
BlackRock
BlackRock
New York
+$4.65M
2
Ameriprise
Ameriprise
Minnesota
+$4.64M
3
Russell Investments Group
Russell Investments Group
United Kingdom
+$3.1M
4
SAM
Scopus Asset Management
New York
+$2.68M
5
FP
Foundry Partners
Minnesota
+$2M

Top Sellers

1
HA
Homestead Advisers
Virginia
-$5.52M
2
PCM
Portolan Capital Management
Massachusetts
-$2.27M
3
Man Group
Man Group
United Kingdom
-$1.57M
4
N
Nuveen
North Carolina
-$1.48M
5
PCM
Penn Capital Management
Pennsylvania
-$1.37M
Name Holding Trade Value Shares
Change 		Change in
Stake
Assenagon Asset Management
26
Assenagon Asset Management
Luxembourg
$1.78M -$165K -21,400 -9%
Goldman Sachs
27
Goldman Sachs
New York
$1.76M +$22.5K +2,924 +1%
Bank of New York Mellon
28
Bank of New York Mellon
New York
$1.74M -$142K -18,400 -8%
SCM
29
Southport Capital Management
Tennessee
$1.63M – – –
Bank of Montreal
30
Bank of Montreal
Ontario, Canada
$1.62M +$357K +46,402 +31%
Victory Capital Management
31
Victory Capital Management
Texas
$1.59M +$255K +33,092 +21%
Citadel Advisors
32
Citadel Advisors
Florida
$1.57M -$16.3K -2,124 -1%
Acadian Asset Management
33
Acadian Asset Management
Massachusetts
$1.49M +$106K +13,812 +8%
KCM
34
Kennedy Capital Management
Missouri
$1.4M +$1.31M +170,772 New
Bank of America
35
Bank of America
North Carolina
$1.34M +$214K +27,806 +21%
Morgan Stanley
36
Morgan Stanley
New York
$1.23M +$153K +19,920 +15%
Marshall Wace
37
Marshall Wace
United Kingdom
$1.15M +$419K +54,458 +64%
Connor, Clark & Lunn Investment Management (CC&L)
38
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$1.13M +$81.6K +10,600 +8%
Squarepoint
39
Squarepoint
New York
$885K +$293K +38,106 +55%
Stifel Financial
40
Stifel Financial
Missouri
$877K -$7.57K -984 -0.9%
Renaissance Technologies
41
Renaissance Technologies
New York
$842K -$137K -17,800 -15%
MERSOM
42
Municipal Employees' Retirement System of Michigan
Michigan
$730K – – –
WCM
43
Wedge Capital Management
North Carolina
$682K – – –
Invesco
44
Invesco
Georgia
$668K -$555K -72,146 -47%
Barclays
45
Barclays
United Kingdom
$641K +$10.7K +1,394 +2%
Allianz Asset Management
46
Allianz Asset Management
Germany
$570K -$316K -41,064 -37%
Wells Fargo
47
Wells Fargo
California
$542K -$1.29M -167,000 -72%
PPA
48
Parametric Portfolio Associates
Washington
$540K +$252K +32,772 +99%
Commonwealth Equity Services
49
Commonwealth Equity Services
Massachusetts
$515K +$27.9K +3,626 +6%
HCM
50
Horrell Capital Management
Arkansas
$508K -$1K -130 -0.2%
1
2
3 4 5

CVLG Hedge Fund Activity: Q3 2019 in Review

90 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Covenant Logistics (CVLG) for Q3 2019, worth a combined $192M — up 12% from $172M a quarter earlier.

Sellers outnumbered buyers: 27 funds closed out of CVLG and 9 opened new positions — a net loss of 18 holders — while 31 trimmed existing stakes and 35 added.

The largest buyer was BlackRock, adding an estimated $4.65M. The largest seller was Homestead Advisers, exiting entirely with an estimated $5.52M sold.

  • 90 institutional investors held Covenant Logistics (CVLG) as of Q3 2019, down from 108 in Q2 2019.
  • Funds reported $192M of Covenant Logistics stock for Q3 2019, up 12% quarter-over-quarter.
  • 9 funds opened new Covenant Logistics positions in Q3 2019 and 27 closed out, a net change of -18 holders.
  • The largest Covenant Logistics buyer in Q3 2019 was BlackRock, an estimated $4.65M added.
  • The largest Covenant Logistics seller in Q3 2019 was Homestead Advisers, an estimated $5.52M sold.

Based on aggregated 13F filings for Q3 2019.