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Covenant Logistics
CVLG

91 hedge funds and large institutions have $275M invested in Covenant Logistics in 2016 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 27 increasing their positions, 26 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

32% more capital invested

Capital invested by funds: $208M → $275M (+$66.8M)

4% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 26

5% less funds holding

Funds holding: 96 → 91 (-5)

16% less first-time investments, than exits

New positions opened: 21 | Existing positions closed: 25

Holders
91
Holders Change
-5
Holders Change %
-5.21%
% of All Funds
2.42%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.03%
New
21
Increased
27
Reduced
26
Closed
25
Calls
$2K
Puts
–
Net Calls
+$2K
Net Calls Change
+$2K

Top Buyers

1
AllianceBernstein
AllianceBernstein
Tennessee
+$16.4M
2
SCM
SG Capital Management
Illinois
+$10.6M
3
Fidelity Investments
Fidelity Investments
Massachusetts
+$6.35M
4
SAM
Scopus Asset Management
New York
+$2.97M
5
PC
Pier Capital
Connecticut
+$2.29M

Top Sellers

1
PCM
Portolan Capital Management
Massachusetts
-$6.96M
2
RIM
Rainier Investment Management
Washington
-$6.2M
3
BCM
BlueCrest Capital Management
Jersey
-$4.37M
4
CRCP
Copper Rock Capital Partners
Massachusetts
-$3.58M
5
Renaissance Technologies
Renaissance Technologies
New York
-$3.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
SO
51
STRS Ohio
Ohio
$592K -$32.3K -3,200 -6%
Charles Schwab
52
Charles Schwab
California
$588K +$107K +10,600 +28%
LCG
53
Lisanti Capital Growth
New York
$483K +$403K +39,940 New
CL
54
Croft-Leominster
Maryland
$435K – – –
MERSOM
55
Municipal Employees' Retirement System of Michigan
Michigan
$426K -$70.4K -6,980 -17%
Invesco
56
Invesco
Georgia
$424K -$44.3K -4,398 -11%
TA
57
Teachers Advisors
New York
$408K – – –
WMSA
58
Weiss Multi-Strategy Advisers
New York
$385K +$321K +31,856 New
WSA
59
Wall Street Associates
California
$380K – – –
Two Sigma Investments
60
Two Sigma Investments
New York
$377K -$378K -37,506 -55%
Swiss National Bank
61
Swiss National Bank
Switzerland
$371K +$70.6K +7,000 +28%
Ameriprise
62
Ameriprise
Minnesota
$346K +$289K +28,620 New
CI
63
Cowen Inc
New York
$339K -$20.2K -2,000 -7%
Citigroup
64
Citigroup
New York
$322K +$106K +10,486 +65%
CS
65
Credit Suisse
Switzerland
$270K +$225K +22,344 New
RhumbLine Advisers
66
RhumbLine Advisers
Massachusetts
$253K +$3.43K +340 +2%
NFA
67
Nationwide Fund Advisors
Ohio
$235K – – –
State Board of Administration of Florida Retirement System
68
State Board of Administration of Florida Retirement System
Florida
$216K +$180K +17,842 New
MLICM
69
Metropolitan Life Insurance Company (MetLife)
New York
$215K – – –
Manulife (Manufacturers Life Insurance)
70
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$207K – – –
AIG
71
American International Group
New York
$166K – – –
BA
72
BlackRock Advisors
Delaware
$147K +$15.9K +1,582 +15%
SIM
73
Strategic Investment Management
Virginia
$86K -$175K -17,392 -71%
BG
74
BlackRock Group
United Kingdom
$73K +$37.8K +3,752 +164%
Deutsche Bank
75
Deutsche Bank
Germany
$56K -$378K -37,466 -89%
1 2
3
4 5

CVLG Hedge Fund Activity: Q1 2016 in Review

91 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Covenant Logistics (CVLG) for Q1 2016, worth a combined $275M — up 32% from $208M a quarter earlier.

Sellers outnumbered buyers: 25 funds closed out of CVLG and 21 opened new positions — a net loss of 4 holders — while 26 trimmed existing stakes and 27 added.

The largest buyer was AllianceBernstein, opening a new position worth an estimated $16.4M. The largest seller was Portolan Capital Management, exiting entirely with an estimated $6.96M sold.

  • 91 institutional investors held Covenant Logistics (CVLG) as of Q1 2016, down from 96 in Q4 2015.
  • Funds reported $275M of Covenant Logistics stock for Q1 2016, up 32% quarter-over-quarter.
  • 21 funds opened new Covenant Logistics positions in Q1 2016 and 25 closed out, a net change of -4 holders.
  • The largest Covenant Logistics buyer in Q1 2016 was AllianceBernstein, an estimated $16.4M added.
  • The largest Covenant Logistics seller in Q1 2016 was Portolan Capital Management, an estimated $6.96M sold.

Based on aggregated 13F filings for Q1 2016.