Covenant Logistics
CVLG
87 hedge funds and large institutions have $131M invested in Covenant Logistics in 2020 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 29 increasing their positions, 33 reducing their positions, and 10 closing their positions.
40% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 10
5% more funds holding
Funds holding: 83 → 87 (+4)
2.32% less ownership
Funds ownership: 122.25% → 119.93% (-2.3%)
12% less repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 33
15% less capital invested
Capital invested by funds: $154M → $131M (-$22.6M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HA
Heartland Advisors
Milwaukee,
Wisconsin
|
+$5.03M |
| 2 |
Morgan Stanley
New York
|
+$3.44M |
| 3 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
+$1.51M |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.38M |
| 5 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
+$1.02M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NCGI
Next Century Growth Investors
Plymouth,
Minnesota
|
-$3.43M |
| 2 |
SAM
Scopus Asset Management
New York
|
-$3.01M |
| 3 |
AI
Acuitas Investments
Seattle,
Washington
|
-$2.77M |
| 4 |
Russell Investments Group
London,
United Kingdom
|
-$2.08M |
| 5 |
NIP
Nicholas Investment Partners
Rancho Santa Fe,
California
|
-$1.36M |
CVLG Hedge Fund Activity: Q4 2020 in Review
87 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Covenant Logistics (CVLG) for Q4 2020, worth a combined $131M — down 15% from $154M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new CVLG positions and 10 closed out — a net gain of 4 holders — while 29 added to existing stakes and 33 trimmed.
The largest buyer was Heartland Advisors, opening a new position worth an estimated $5.03M. The largest seller was Next Century Growth Investors, exiting entirely with an estimated $3.43M sold.
- 87 institutional investors held Covenant Logistics (CVLG) as of Q4 2020, up from 83 in Q3 2020.
- Funds reported $131M of Covenant Logistics stock for Q4 2020, down 15% quarter-over-quarter.
- 14 funds opened new Covenant Logistics positions in Q4 2020 and 10 closed out, a net change of +4 holders.
- The largest Covenant Logistics buyer in Q4 2020 was Heartland Advisors, an estimated $5.03M added.
- The largest Covenant Logistics seller in Q4 2020 was Next Century Growth Investors, an estimated $3.43M sold.
Based on aggregated 13F filings for Q4 2020.