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Covenant Logistics
CVLG

82 hedge funds and large institutions have $153M invested in Covenant Logistics in 2019 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 34 increasing their positions, 30 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

13% more repeat investments, than reductions

Existing positions increased: 34 | Existing positions reduced: 30

1.5% more ownership

Funds ownership: 145.14% → 146.64% (+1.5%)

9% less funds holding

Funds holding: 90 → 82 (-8)

21% less capital invested

Capital invested by funds: $192M → $153M (-$39.5M)

57% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 14

100% less call options, than puts

Call options by funds: $1K | Put options by funds: $362K

Holders
82
Holders Change
-8
Holders Change %
-8.89%
% of All Funds
1.62%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
34
Reduced
30
Closed
14
Calls
$1K
Puts
$362K
Net Calls
-$361K
Net Calls Change
+$99K

Top Buyers

1
WMSA
Weiss Multi-Strategy Advisers
New York
+$5.55M
2
FP
Foundry Partners
Minnesota
+$3M
3
BlackRock
BlackRock
New York
+$1.55M
4
Hotchkis & Wiley Capital Management
Hotchkis & Wiley Capital Management
California
+$1.53M
5
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$1.12M

Top Sellers

1
BCM
Basswood Capital Management
New York
-$2.63M
2
SAM
Scopus Asset Management
New York
-$2.24M
3
Assenagon Asset Management
Assenagon Asset Management
Luxembourg
-$1.78M
4
LSV Asset Management
LSV Asset Management
Illinois
-$1.49M
5
KCM
Kennedy Capital Management
Missouri
-$1.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of New York Mellon
26
Bank of New York Mellon
New York
$1.34M -$39.6K -5,464 -3%
SCM
27
Southport Capital Management
Tennessee
$1.28M – – –
BCM
28
Bridgeway Capital Management
Texas
$1.21M -$1.26M -174,000 -48%
Morgan Stanley
29
Morgan Stanley
New York
$1.15M +$210K +28,998 +19%
Arrowstreet Capital
30
Arrowstreet Capital
Massachusetts
$994K +$1.12M +153,796 New
WCM
31
Wedge Capital Management
North Carolina
$920K +$430K +59,350 +72%
Squarepoint
32
Squarepoint
New York
$839K +$160K +22,112 +21%
Citadel Advisors
33
Citadel Advisors
Florida
$784K -$509K -70,194 -37%
Barclays
34
Barclays
United Kingdom
$739K +$264K +36,364 +47%
Connor, Clark & Lunn Investment Management (CC&L)
35
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$648K -$266K -36,700 -27%
California Public Employees Retirement System
36
California Public Employees Retirement System
California
$613K +$440K +60,640 +177%
Bank of America
37
Bank of America
North Carolina
$603K -$507K -69,934 -43%
MERSOM
38
Municipal Employees' Retirement System of Michigan
Michigan
$574K – – –
Invesco
39
Invesco
Georgia
$573K +$53.1K +7,322 +9%
WG
40
Winton Group
United Kingdom
$566K +$463K +63,834 +269%
Renaissance Technologies
41
Renaissance Technologies
New York
$563K -$111K -15,274 -15%
Wells Fargo
42
Wells Fargo
California
$563K +$153K +21,100 +32%
Acadian Asset Management
43
Acadian Asset Management
Massachusetts
$407K -$860K -118,674 -65%
HCM
44
Horrell Capital Management
Arkansas
$401K +$1.65K +228 +0.4%
Charles Schwab
45
Charles Schwab
California
$395K +$23.2K +3,200 +6%
Stifel Financial
46
Stifel Financial
Missouri
$377K -$350K -48,280 -45%
NSEDCP
47
NJ State Employees Deferred Compensation Plan
New Jersey
$362K – – –
First Trust Advisors
48
First Trust Advisors
Illinois
$357K -$7.74K -1,068 -2%
Two Sigma Investments
49
Two Sigma Investments
New York
$347K -$24.2K -3,332 -6%
HSBC Holdings
50
HSBC Holdings
United Kingdom
$344K +$160K +22,040 +71%
1
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CVLG Hedge Fund Activity: Q4 2019 in Review

82 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Covenant Logistics (CVLG) for Q4 2019, worth a combined $153M — down 21% from $192M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of CVLG and 6 opened new positions — a net loss of 8 holders — while 30 trimmed existing stakes and 34 added.

The largest buyer was Weiss Multi-Strategy Advisers, adding an estimated $5.55M. The largest seller was Basswood Capital Management, exiting entirely with an estimated $2.63M sold.

  • 82 institutional investors held Covenant Logistics (CVLG) as of Q4 2019, down from 90 in Q3 2019.
  • Funds reported $153M of Covenant Logistics stock for Q4 2019, down 21% quarter-over-quarter.
  • 6 funds opened new Covenant Logistics positions in Q4 2019 and 14 closed out, a net change of -8 holders.
  • The largest Covenant Logistics buyer in Q4 2019 was Weiss Multi-Strategy Advisers, an estimated $5.55M added.
  • The largest Covenant Logistics seller in Q4 2019 was Basswood Capital Management, an estimated $2.63M sold.

Based on aggregated 13F filings for Q4 2019.