Covenant Logistics
CVLG
97 hedge funds and large institutions have $170M invested in Covenant Logistics in 2022 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 28 increasing their positions, 48 reducing their positions, and 22 closing their positions.
113% more call options, than puts
Call options by funds: $831K | Put options by funds: $391K
11.39% less ownership
Funds ownership: 121.14% → 109.75% (-11%)
13% less funds holding
Funds holding: 112 → 97 (-15)
26% less capital invested
Capital invested by funds: $230M → $170M (-$60.1M)
42% less repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 48
68% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 22
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
+$2.45M |
| 2 |
ETM
Euclidean Technologies Management
Seattle,
Washington
|
+$1.98M |
| 3 |
PAMG
Patton Albertson Miller Group
Chattanooga,
Tennessee
|
+$1.38M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
+$949K |
| 5 |
Russell Investments Group
London,
United Kingdom
|
+$857K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$5.33M |
| 2 |
FP
Foundry Partners
Minneapolis,
Minnesota
|
-$2.83M |
| 3 |
SAM
Scopus Asset Management
New York
|
-$1.88M |
| 4 |
1CM
1492 Capital Management
Milwaukee,
Wisconsin
|
-$1.78M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$1.75M |
CVLG Hedge Fund Activity: Q1 2022 in Review
97 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in Covenant Logistics (CVLG) for Q1 2022, worth a combined $170M — down 26% from $230M a quarter earlier.
Sellers outnumbered buyers: 22 funds closed out of CVLG and 7 opened new positions — a net loss of 15 holders — while 48 trimmed existing stakes and 28 added.
The largest buyer was State Street, adding an estimated $2.45M. The largest seller was Millennium Management, cutting an estimated $5.33M.
- 97 institutional investors held Covenant Logistics (CVLG) as of Q1 2022, down from 112 in Q4 2021.
- Funds reported $170M of Covenant Logistics stock for Q1 2022, down 26% quarter-over-quarter.
- 7 funds opened new Covenant Logistics positions in Q1 2022 and 22 closed out, a net change of -15 holders.
- The largest Covenant Logistics buyer in Q1 2022 was State Street, an estimated $2.45M added.
- The largest Covenant Logistics seller in Q1 2022 was Millennium Management, an estimated $5.33M sold.
Based on aggregated 13F filings for Q1 2022.