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Covenant Logistics
CVLG

116 hedge funds and large institutions have $259M invested in Covenant Logistics in 2023 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 37 increasing their positions, 46 reducing their positions, and 32 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,128% more call options, than puts

Call options by funds: $737K | Put options by funds: $60K

14% more capital invested

Capital invested by funds: $227M → $259M (+$32M)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0.53% less ownership

Funds ownership: 134.97% → 134.45% (-0.53%)

13% less funds holding

Funds holding: 134 → 116 (-18)

20% less repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 46

56% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 32

Holders
116
Holders Change
-18
Holders Change %
-13.43%
% of All Funds
1.85%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
14
Increased
37
Reduced
46
Closed
32
Calls
$737K
Puts
$60K
Net Calls
+$677K
Net Calls Change
-$308K

Top Buyers

1
SAM
Scopus Asset Management
New York
+$9.79M
2
FP
Foundry Partners
Minnesota
+$2.78M
3
Millennium Management
Millennium Management
New York
+$2M
4
Goldman Sachs
Goldman Sachs
New York
+$958K
5
Renaissance Technologies
Renaissance Technologies
New York
+$955K

Top Sellers

1
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
-$2.6M
2
EI
EAM Investors
California
-$2.14M
3
FHA
First Horizon Advisors
Tennessee
-$2.12M
4
JP Morgan Chase
JP Morgan Chase
New York
-$1.88M
5
HIM
Hillsdale Investment Management
Ontario, Canada
-$1.67M
Name Holding Trade Value Shares
Change 		Change in
Stake
SEI Investments
26
SEI Investments
Pennsylvania
$1.87M +$367K +21,202 +25%
Morgan Stanley
27
Morgan Stanley
New York
$1.79M -$1.3M -75,168 -43%
Victory Capital Management
28
Victory Capital Management
Texas
$1.61M +$103K +5,926 +7%
D.E. Shaw & Co
29
D.E. Shaw & Co
New York
$1.54M +$344K +19,896 +30%
Renaissance Technologies
30
Renaissance Technologies
New York
$1.53M +$955K +55,200 +176%
Arrowstreet Capital
31
Arrowstreet Capital
Massachusetts
$1.35M -$168K -9,738 -11%
N
32
Nuveen
North Carolina
$1.34M -$587K -33,936 -31%
MAM
33
Martingale Asset Management
Massachusetts
$1.32M -$243K -14,052 -16%
Ameriprise
34
Ameriprise
Minnesota
$1.13M -$124K -7,190 -10%
BGIM
35
Brandywine Global Investment Management
Pennsylvania
$1.09M +$760K +43,918 +250%
NSEDCP
36
NJ State Employees Deferred Compensation Plan
New Jersey
$992K – – –
RWM
37
Ritholtz Wealth Management
New York
$894K +$246K +14,190 +39%
AIMCA
38
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$878K – – –
Bank of America
39
Bank of America
North Carolina
$847K +$312K +18,010 +60%
Barclays
40
Barclays
United Kingdom
$845K +$136K +7,874 +20%
Ohio Public Employees Retirement System (OPERS)
41
Ohio Public Employees Retirement System (OPERS)
Ohio
$815K -$1.42K -82 -0.2%
Janney Montgomery Scott
42
Janney Montgomery Scott
Pennsylvania
$803K +$104K +6,024 +15%
First Trust Advisors
43
First Trust Advisors
Illinois
$788K +$56.9K +3,286 +8%
Truist Financial
44
Truist Financial
North Carolina
$772K – – –
TPCM
45
Templeton & Phillips Capital Management
Tennessee
$754K – – –
NFC
46
Northeast Financial Consultants
Connecticut
$708K +$692K +40,000 New
PGIM
47
Pacific Global Investment Management
California
$682K -$6.13K -354 -0.9%
Swiss National Bank
48
Swiss National Bank
Switzerland
$680K -$145K -8,400 -18%
VI
49
Vestcor Inc
New Brunswick, Canada
$666K +$651K +37,634 New
Franklin Resources
50
Franklin Resources
California
$581K +$1.28K +74 +0.2%
1
2
3 4 5

CVLG Hedge Fund Activity: Q1 2023 in Review

116 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Covenant Logistics (CVLG) for Q1 2023, worth a combined $259M — up 14% from $227M a quarter earlier.

Sellers outnumbered buyers: 32 funds closed out of CVLG and 14 opened new positions — a net loss of 18 holders — while 46 trimmed existing stakes and 37 added.

The largest buyer was Scopus Asset Management, opening a new position worth an estimated $9.79M. The largest seller was Dimensional Fund Advisors, cutting an estimated $2.6M.

  • 116 institutional investors held Covenant Logistics (CVLG) as of Q1 2023, down from 134 in Q4 2022.
  • Funds reported $259M of Covenant Logistics stock for Q1 2023, up 14% quarter-over-quarter.
  • 14 funds opened new Covenant Logistics positions in Q1 2023 and 32 closed out, a net change of -18 holders.
  • The largest Covenant Logistics buyer in Q1 2023 was Scopus Asset Management, an estimated $9.79M added.
  • The largest Covenant Logistics seller in Q1 2023 was Dimensional Fund Advisors, an estimated $2.6M sold.

Based on aggregated 13F filings for Q1 2023.