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Covenant Logistics

154 hedge funds and large institutions have $336M invested in Covenant Logistics in 2024 Q2 according to their latest regulatory filings, with 29 funds opening new positions, 45 increasing their positions, 54 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 12 (+1)

21% more first-time investments, than exits

New positions opened: 29 | Existing positions closed: 24

2% more funds holding

Funds holding: 151154 (+3)

2% more capital invested

Capital invested by funds: $328M → $336M (+$8.13M)

5.5% less ownership

Funds ownership: 132.11%126.61% (-5.5%)

17% less repeat investments, than reductions

Existing positions increased: 45 | Existing positions reduced: 54

79% less call options, than puts

Call options by funds: $2.33M | Put options by funds: $11.2M

Holders
154
Holders Change
+3
Holders Change %
+1.99%
% of All Funds
2.22%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
29
Increased
45
Reduced
54
Closed
24
Calls
$2.33M
Puts
$11.2M
Net Calls
-$8.84M
Net Calls Change
+$15.2M
Name Holding Trade Value Shares
Change
Change in
Stake
Marshall Wace
51
Marshall Wace
United Kingdom
$932K +$120K +5,146 +16%
Macquarie Group
52
Macquarie Group
Australia
$917K -$1.76M -75,588 -67%
CSS
53
Cubist Systematic Strategies
Connecticut
$916K +$462K +19,900 +115%
Boston Partners
54
Boston Partners
Massachusetts
$907K -$40.4K -1,740 -5%
BAM
55
Bosun Asset Management
Illinois
$865K -$38.2K -1,644 -4%
CCIA
56
Campbell & Co Investment Adviser
Maryland
$864K +$62.7K +2,700 +8%
MAG
57
Millrace Asset Group
Pennsylvania
$823K -$307K -13,218 -28%
OLA
58
Oliver Luxxe Assets
New Jersey
$817K +$21.4K +922 +3%
RWM
59
Ritholtz Wealth Management
New York
$793K -$74.6K -3,210 -9%
Swiss National Bank
60
Swiss National Bank
Switzerland
$774K
MAM
61
Martingale Asset Management
Massachusetts
$745K
PTC
62
Petrus Trust Company
Texas
$702K
WS
63
Wedbush Securities
California
$685K -$6.97K -300 -1%
RhumbLine Advisers
64
RhumbLine Advisers
Massachusetts
$671K -$29.4K -1,264 -4%
Bank of America
65
Bank of America
North Carolina
$669K +$40.1K +1,726 +7%
Ohio Public Employees Retirement System (OPERS)
66
Ohio Public Employees Retirement System (OPERS)
Ohio
$638K -$35.1K -1,510 -6%
Royal Bank of Canada
67
Royal Bank of Canada
Ontario, Canada
$612K +$70.6K +3,040 +14%
Squarepoint
68
Squarepoint
New York
$608K -$143K -6,166 -20%
Teacher Retirement System of Texas
69
Teacher Retirement System of Texas
Texas
$586K -$242K -10,426 -30%
UBS AM
70
UBS AM
Illinois
$583K +$549K +23,644 New
KOC
71
Koss-Olinger Consulting
Florida
$498K +$469K +20,208 New
MML Investors Services
72
MML Investors Services
Massachusetts
$472K +$1.86K +80 +0.4%
SGI
73
Summit Global Investments
Utah
$442K +$3.39K +146 +0.8%
DCM
74
DGS Capital Management
New Jersey
$439K -$17.1K -738 -4%
Jane Street
75
Jane Street
New York
$434K +$96K +4,132 +31%

CVLG Hedge Fund Activity: Q2 2024 in Review

154 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Covenant Logistics (CVLG) for Q2 2024, worth a combined $336M — up 2.5% from $328M a quarter earlier.

Buyers outnumbered sellers: 29 funds opened new CVLG positions and 24 closed out — a net gain of 5 holders — while 45 added to existing stakes and 54 trimmed.

The largest buyer was Foundry Partners, adding an estimated $4.79M. The largest seller was LSV Asset Management, cutting an estimated $9.78M.

  • 154 institutional investors held Covenant Logistics (CVLG) as of Q2 2024, up from 151 in Q1 2024.
  • Funds reported $336M of Covenant Logistics stock for Q2 2024, up 2.5% quarter-over-quarter.
  • 29 funds opened new Covenant Logistics positions in Q2 2024 and 24 closed out, a net change of +5 holders.
  • The largest Covenant Logistics buyer in Q2 2024 was Foundry Partners, an estimated $4.79M added.
  • The largest Covenant Logistics seller in Q2 2024 was LSV Asset Management, an estimated $9.78M sold.

Based on aggregated 13F filings for Q2 2024.