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Covenant Logistics

106 hedge funds and large institutions have $238M invested in Covenant Logistics in 2021 Q3 according to their latest regulatory filings, with 32 funds opening new positions, 27 increasing their positions, 33 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

433% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 6

142% more call options, than puts

Call options by funds: $548K | Put options by funds: $226K

36% more capital invested

Capital invested by funds: $174M → $238M (+$63.2M)

31% more funds holding

Funds holding: 81106 (+25)

1.83% more ownership

Funds ownership: 117.27%119.1% (+1.8%)

18% less repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 33

Holders
106
Holders Change
+25
Holders Change %
+30.86%
% of All Funds
1.86%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
32
Increased
27
Reduced
33
Closed
6
Calls
$548K
Puts
$226K
Net Calls
+$322K
Net Calls Change
+$629K
Name Holding Trade Value Shares
Change
Change in
Stake
Victory Capital Management
26
Victory Capital Management
Texas
$1.81M +$189K +16,854 +15%
Invesco
27
Invesco
Georgia
$1.78M -$192K -17,154 -12%
Los Angeles Capital Management
28
Los Angeles Capital Management
California
$1.78M +$256K +22,864 +22%
Two Sigma Investments
29
Two Sigma Investments
New York
$1.7M +$253K +22,602 +23%
D.E. Shaw & Co
30
D.E. Shaw & Co
New York
$1.68M -$146K -13,078 -10%
Macquarie Group
31
Macquarie Group
Australia
$1.63M
Fidelity Investments
32
Fidelity Investments
Massachusetts
$1.61M -$293K -26,200 -18%
Wells Fargo
33
Wells Fargo
California
$1.55M +$520K +46,516 +71%
FHC
34
Forest Hill Capital
Arkansas
$1.55M
Renaissance Technologies
35
Renaissance Technologies
New York
$1.52M +$1.23M +110,200 New
SCM
36
Southport Capital Management
Tennessee
$1.51M -$1.28M -114,154 -51%
Connor, Clark & Lunn Investment Management (CC&L)
37
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$1.41M +$225K +20,088 +25%
N
38
Nuveen
North Carolina
$1.4M -$46.6K -4,162 -3%
AQR Capital Management
39
AQR Capital Management
Connecticut
$1.38M -$58.3K -5,208 -5%
JP Morgan Chase
40
JP Morgan Chase
New York
$1.36M -$77.4K -6,918 -7%
MAM
41
Martingale Asset Management
Massachusetts
$1.35M +$769K +68,692 +240%
Citadel Advisors
42
Citadel Advisors
Florida
$1.06M +$860K +76,896 New
Norges Bank
43
Norges Bank
Norway
$1.04M +$841K +75,200 New
EGM
44
Engineers Gate Manager
New York
$997K +$303K +27,112 +60%
SO
45
STRS Ohio
Ohio
$901K -$87.3K -7,800 -11%
HCM
46
Hodges Capital Management
Texas
$884K +$358K +32,000 +100%
Bank of America
47
Bank of America
North Carolina
$868K -$27.7K -2,474 -4%
Charles Schwab
48
Charles Schwab
California
$851K -$4.16K -372 -0.6%
Goldman Sachs
49
Goldman Sachs
New York
$789K -$526K -47,006 -45%
NSEDCP
50
NJ State Employees Deferred Compensation Plan
New Jersey
$774K

CVLG Hedge Fund Activity: Q3 2021 in Review

106 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in Covenant Logistics (CVLG) for Q3 2021, worth a combined $238M — up 36% from $174M a quarter earlier.

Buyers outnumbered sellers: 32 funds opened new CVLG positions and 6 closed out — a net gain of 26 holders — while 27 added to existing stakes and 33 trimmed.

The largest buyer was Hillsdale Investment Management, opening a new position worth an estimated $4.39M. The largest seller was Russell Investments Group, cutting an estimated $8.02M.

  • 106 institutional investors held Covenant Logistics (CVLG) as of Q3 2021, up from 81 in Q2 2021.
  • Funds reported $238M of Covenant Logistics stock for Q3 2021, up 36% quarter-over-quarter.
  • 32 funds opened new Covenant Logistics positions in Q3 2021 and 6 closed out, a net change of +26 holders.
  • The largest Covenant Logistics buyer in Q3 2021 was Hillsdale Investment Management, an estimated $4.39M added.
  • The largest Covenant Logistics seller in Q3 2021 was Russell Investments Group, an estimated $8.02M sold.

Based on aggregated 13F filings for Q3 2021.