Covenant Logistics
CVLG
108 hedge funds and large institutions have $172M invested in Covenant Logistics in 2019 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 47 increasing their positions, 31 reducing their positions, and 23 closing their positions.
52% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 31
4.62% less ownership
Funds ownership: 150.83% → 146.21% (-4.6%)
9% less funds holding
Funds holding: 119 → 108 (-11)
25% less capital invested
Capital invested by funds: $229M → $172M (-$57.2M)
35% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 23
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LSV Asset Management
Chicago,
Illinois
|
+$6.15M |
| 2 |
N
Nuveen
Charlotte,
North Carolina
|
+$3.87M |
| 3 |
WMSA
Weiss Multi-Strategy Advisers
New York
|
+$3.5M |
| 4 |
D.E. Shaw & Co
New York
|
+$2.4M |
| 5 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$1.87M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HA
Homestead Advisers
Arlington,
Virginia
|
-$10.3M |
| 2 |
PCM
Portolan Capital Management
Boston,
Massachusetts
|
-$3.32M |
| 3 |
Bank of New York Mellon
New York
|
-$2.81M |
| 4 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
-$1.42M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
-$1.34M |
CVLG Hedge Fund Activity: Q2 2019 in Review
108 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Covenant Logistics (CVLG) for Q2 2019, worth a combined $172M — down 25% from $229M a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of CVLG and 15 opened new positions — a net loss of 8 holders — while 31 trimmed existing stakes and 47 added.
The largest buyer was LSV Asset Management, adding an estimated $6.15M. The largest seller was Homestead Advisers, cutting an estimated $10.3M.
- 108 institutional investors held Covenant Logistics (CVLG) as of Q2 2019, down from 119 in Q1 2019.
- Funds reported $172M of Covenant Logistics stock for Q2 2019, down 25% quarter-over-quarter.
- 15 funds opened new Covenant Logistics positions in Q2 2019 and 23 closed out, a net change of -8 holders.
- The largest Covenant Logistics buyer in Q2 2019 was LSV Asset Management, an estimated $6.15M added.
- The largest Covenant Logistics seller in Q2 2019 was Homestead Advisers, an estimated $10.3M sold.
Based on aggregated 13F filings for Q2 2019.