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Covenant Logistics
CVLG

129 hedge funds and large institutions have $226M invested in Covenant Logistics in 2018 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 57 increasing their positions, 37 reducing their positions, and 26 closing their positions.

New
Increased
Maintained
Reduced
Closed

54% more repeat investments, than reductions

Existing positions increased: 57 | Existing positions reduced: 37

0.73% more ownership

Funds ownership: 146.54% → 147.27% (+0.73%)

8% less first-time investments, than exits

New positions opened: 24 | Existing positions closed: 26

2% less funds holding

Funds holding: 131 → 129 (-2)

34% less capital invested

Capital invested by funds: $340M → $226M (-$114M)

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $949K

Holders
129
Holders Change
-2
Holders Change %
-1.53%
% of All Funds
2.87%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
24
Increased
57
Reduced
37
Closed
26
Calls
–
Puts
$949K
Net Calls
-$949K
Net Calls Change
-$573K

Top Buyers

1
AL
AJO LP
Pennsylvania
+$3.63M
2
HA
Homestead Advisers
Virginia
+$3.32M
3
Marshall Wace
Marshall Wace
United Kingdom
+$2.34M
4
LSV Asset Management
LSV Asset Management
Illinois
+$2.31M
5
Millennium Management
Millennium Management
New York
+$1.76M

Top Sellers

1
SCM
Sandler Capital Management
New York
-$6.89M
2
HCM
Hodges Capital Management
Texas
-$5.38M
3
NCGI
Next Century Growth Investors
Minnesota
-$4M
4
1SAMC
12th Street Asset Management Company
Tennessee
-$3.4M
5
Wells Fargo
Wells Fargo
California
-$2.95M
Name Holding Trade Value Shares
Change 		Change in
Stake
ERSOT
51
Employees Retirement System of Texas
Texas
$1.02M +$164K +14,000 +15%
PCM
52
Piermont Capital Management
Missouri
$1M – – –
MAM
53
Martingale Asset Management
Massachusetts
$972K +$141K +12,002 +13%
FHA
54
First Horizon Advisors
Tennessee
$972K +$1.18M +100,270 +10,027%
BIM
55
Bogle Investment Management
Massachusetts
$806K +$97.8K +8,342 +11%
CIC
56
Cornercap Investment Counsel
Georgia
$773K +$105K +8,960 +13%
CS
57
Credit Suisse
Switzerland
$763K +$28.1K +2,396 +3%
CAM
58
ClariVest Asset Management
California
$753K -$117K -9,976 -11%
Russell Investments Group
59
Russell Investments Group
United Kingdom
$742K +$164K +13,960 +22%
ZIM
60
Zacks Investment Management
Illinois
$670K -$223K -19,006 -21%
AIM
61
Assured Investment Management
New York
$621K +$397K +33,884 +110%
California Public Employees Retirement System
62
California Public Employees Retirement System
California
$613K – – –
Jacobs Levy Equity Management
63
Jacobs Levy Equity Management
New Jersey
$607K +$30.5K +2,600 +4%
HCM
64
Horrell Capital Management
Arkansas
$596K +$6.63K +566 +0.9%
Goldman Sachs
65
Goldman Sachs
New York
$585K -$99.5K -8,492 -12%
NSEDCP
66
NJ State Employees Deferred Compensation Plan
New Jersey
$576K +$70.3K +6,000 +11%
New York State Common Retirement Fund
67
New York State Common Retirement Fund
New York
$574K +$12.2K +1,044 +2%
Bank of America
68
Bank of America
North Carolina
$564K +$332K +28,330 +93%
TA
69
Teachers Advisors
New York
$536K +$39.1K +3,334 +6%
ARTA
70
A.R.T. Advisors
New York
$531K +$223K +19,000 +52%
MERSOM
71
Municipal Employees' Retirement System of Michigan
Michigan
$531K +$649K +55,360 New
PGCM
72
Prescott Group Capital Management
Oklahoma
$506K -$320K -27,272 -34%
Commonwealth Equity Services
73
Commonwealth Equity Services
Massachusetts
$493K – – –
WCM
74
Wedge Capital Management
North Carolina
$490K – – –
DM
75
Delphi Management
Massachusetts
$462K +$564K +48,098 New
1 2
3
4 5

CVLG Hedge Fund Activity: Q4 2018 in Review

129 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Covenant Logistics (CVLG) for Q4 2018, worth a combined $226M — down 34% from $340M a quarter earlier.

Sellers outnumbered buyers: 26 funds closed out of CVLG and 24 opened new positions — a net loss of 2 holders — while 37 trimmed existing stakes and 57 added.

The largest buyer was AJO LP, opening a new position worth an estimated $3.63M. The largest seller was Sandler Capital Management, exiting entirely with an estimated $6.89M sold.

  • 129 institutional investors held Covenant Logistics (CVLG) as of Q4 2018, down from 131 in Q3 2018.
  • Funds reported $226M of Covenant Logistics stock for Q4 2018, down 34% quarter-over-quarter.
  • 24 funds opened new Covenant Logistics positions in Q4 2018 and 26 closed out, a net change of -2 holders.
  • The largest Covenant Logistics buyer in Q4 2018 was AJO LP, an estimated $3.63M added.
  • The largest Covenant Logistics seller in Q4 2018 was Sandler Capital Management, an estimated $6.89M sold.

Based on aggregated 13F filings for Q4 2018.