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Covenant Logistics
CVLG

88 hedge funds and large institutions have $184M invested in Covenant Logistics in 2022 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 26 increasing their positions, 35 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

198% more call options, than puts

Call options by funds: $723K | Put options by funds: $243K

9% more capital invested

Capital invested by funds: $170M → $184M (+$14.7M)

1.24% more ownership

Funds ownership: 109.75% → 110.99% (+1.2%)

9% less funds holding

Funds holding: 97 → 88 (-9)

26% less repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 35

40% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 20

Holders
88
Holders Change
-9
Holders Change %
-9.28%
% of All Funds
1.48%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
12
Increased
26
Reduced
35
Closed
20
Calls
$723K
Puts
$243K
Net Calls
+$480K
Net Calls Change
+$40K

Top Buyers

1
Invesco
Invesco
Georgia
+$1.58M
2
PAMG
Patton Albertson Miller Group
Tennessee
+$1.44M
3
Charles Schwab
Charles Schwab
California
+$827K
4
Acadian Asset Management
Acadian Asset Management
Massachusetts
+$796K
5
Morgan Stanley
Morgan Stanley
New York
+$736K

Top Sellers

1
HA
Heartland Advisors
Wisconsin
-$7M
2
FP
Foundry Partners
Minnesota
-$2.14M
3
Assenagon Asset Management
Assenagon Asset Management
Luxembourg
-$1.62M
4
FHC
Forest Hill Capital
Arkansas
-$1.21M
5
Los Angeles Capital Management
Los Angeles Capital Management
California
-$967K
Name Holding Trade Value Shares
Change 		Change in
Stake
CSS
51
Cubist Systematic Strategies
Connecticut
$234K +$201K +18,688 New
State Board of Administration of Florida Retirement System
52
State Board of Administration of Florida Retirement System
Florida
$228K +$195K +18,178 New
SG Americas Securities
53
SG Americas Securities
New York
$226K +$194K +18,052 New
Royal Bank of Canada
54
Royal Bank of Canada
Ontario, Canada
$223K -$14.8K -1,380 -7%
BGIM
55
Brandywine Global Investment Management
Pennsylvania
$221K +$189K +17,588 New
AC
56
Aristides Capital
Kentucky
$203K +$174K +16,204 New
Bank of America
57
Bank of America
North Carolina
$195K -$14.5K -1,346 -8%
MIM
58
MetLife Investment Management
New Jersey
$174K – – –
New York State Common Retirement Fund
59
New York State Common Retirement Fund
New York
$150K -$97.2K -9,056 -43%
Deutsche Bank
60
Deutsche Bank
Germany
$144K -$17.8K -1,660 -13%
AIG
61
American International Group
New York
$130K -$17.9K -1,668 -14%
Lazard Asset Management
62
Lazard Asset Management
New York
$122K – – –
California State Teachers Retirement System (CalSTRS)
63
California State Teachers Retirement System (CalSTRS)
California
$119K -$11.1K -1,034 -10%
Allspring Global Investments
64
Allspring Global Investments
North Carolina
$99K -$595K -55,376 -87%
BNP Paribas Financial Markets
65
BNP Paribas Financial Markets
France
$72.5K -$97.2K -9,052 -61%
HWA
66
HHM Wealth Advisors
Tennessee
$55K – – –
DWA
67
Dorsey Wright & Associates
California
$39K -$2.06K -192 -6%
AB
68
Amalgamated Bank
New York
$36K -$301 -28 -1%
TC
69
Truvestments Capital
Florida
$35K +$30.2K +2,814 New
New York State Teachers Retirement System (NYSTRS)
70
New York State Teachers Retirement System (NYSTRS)
New York
$28K – – –
Legal & General Group
71
Legal & General Group
United Kingdom
$24K – – –
SOW
72
State of Wyoming
Wyoming
$22K -$39K -3,634 -68%
AIP
73
Ameritas Investment Partners
Nebraska
$22K – – –
Osaic Holdings
74
Osaic Holdings
Arizona
$22K +$3.74K +348 +24%
Wells Fargo
75
Wells Fargo
California
$21K -$646K -60,174 -97%
1 2
3
4 5

CVLG Hedge Fund Activity: Q2 2022 in Review

88 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in Covenant Logistics (CVLG) for Q2 2022, worth a combined $184M — up 8.6% from $170M a quarter earlier.

Sellers outnumbered buyers: 20 funds closed out of CVLG and 12 opened new positions — a net loss of 8 holders — while 35 trimmed existing stakes and 26 added.

The largest buyer was Invesco, adding an estimated $1.58M. The largest seller was Heartland Advisors, exiting entirely with an estimated $7M sold.

  • 88 institutional investors held Covenant Logistics (CVLG) as of Q2 2022, down from 97 in Q1 2022.
  • Funds reported $184M of Covenant Logistics stock for Q2 2022, up 8.6% quarter-over-quarter.
  • 12 funds opened new Covenant Logistics positions in Q2 2022 and 20 closed out, a net change of -8 holders.
  • The largest Covenant Logistics buyer in Q2 2022 was Invesco, an estimated $1.58M added.
  • The largest Covenant Logistics seller in Q2 2022 was Heartland Advisors, an estimated $7M sold.

Based on aggregated 13F filings for Q2 2022.