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Covenant Logistics
CVLG

80 hedge funds and large institutions have $216M invested in Covenant Logistics in 2017 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 31 increasing their positions, 24 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

29% more repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 24

3.48% more ownership

Funds ownership: 141.2% → 144.68% (+3.5%)

0% less capital invested

Capital invested by funds: $217M → $216M (-$474K)

11% less funds holding

Funds holding: 90 → 80 (-10)

31% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 13

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $1.27M

Holders
80
Holders Change
-10
Holders Change %
-11.11%
% of All Funds
1.99%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
31
Reduced
24
Closed
13
Calls
–
Puts
$1.27M
Net Calls
-$1.27M
Net Calls Change
-$1.27M

Top Buyers

1
BlackRock
BlackRock
New York
+$16.3M
2
RCMC
RK Capital Management (Colorado)
Colorado
+$6.84M
3
KCM
Kennedy Capital Management
Missouri
+$6.8M
4
GC
Guggenheim Capital
Illinois
+$5.11M
5
Wellington Management Group
Wellington Management Group
Massachusetts
+$4.86M

Top Sellers

1
JIR
James Investment Research
Ohio
-$5.19M
2
PCM
Portolan Capital Management
Massachusetts
-$4.31M
3
PCM
Penn Capital Management
Pennsylvania
-$3.61M
4
Alyeska Investment Group
Alyeska Investment Group
Illinois
-$3.05M
5
DCM
Driehaus Capital Management
Illinois
-$2.77M
Name Holding Trade Value Shares
Change 		Change in
Stake
PAM
76
Panagora Asset Management
Massachusetts
$5K – – –
Barclays
77
Barclays
United Kingdom
$4K -$1.4K -142 -24%
BNP Paribas Financial Markets
78
BNP Paribas Financial Markets
France
$639 -$13.3K -1,346 -95%
Walleye Trading
79
Walleye Trading
New York
$11 +$11.8K +1,200 New
JIR
80
James Investment Research
Ohio
– -$5.19M -536,820 Closed
PCM
81
Portolan Capital Management
Massachusetts
– -$4.31M -445,398 Closed
Alyeska Investment Group
82
Alyeska Investment Group
Illinois
– -$3.05M -315,226 Closed
DCM
83
Driehaus Capital Management
Illinois
– -$2.77M -286,778 Closed
GCP
84
GSA Capital Partners
United Kingdom
– -$1.66M -171,878 Closed
ARTA
85
A.R.T. Advisors
New York
– -$350K -36,280 Closed
Susquehanna International Group
86
Susquehanna International Group
Pennsylvania
– -$347K -35,180 Closed
KJHP
87
K.J. Harrison & Partners
Ontario, Canada
– -$305K -31,504 Closed
PPA
88
Parametric Portfolio Associates
Washington
– -$274K -28,284 Closed
First Trust Advisors
89
First Trust Advisors
Illinois
– -$251K -25,936 Closed
QCMC
90
Quantum Capital Management (California)
California
– -$198K -20,506 Closed
TRCT
91
Tower Research Capital (TRC)
New York
– -$29K -3,036 Closed
Creative Planning
92
Creative Planning
Kansas
– -$3K -268 Closed
1 2 3
4

CVLG Hedge Fund Activity: Q1 2017 in Review

80 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Covenant Logistics (CVLG) for Q1 2017, worth a combined $216M — down 0.22% from $217M a quarter earlier.

Sellers outnumbered buyers: 13 funds closed out of CVLG and 9 opened new positions — a net loss of 4 holders — while 24 trimmed existing stakes and 31 added.

The largest buyer was BlackRock, adding an estimated $16.3M. The largest seller was James Investment Research, exiting entirely with an estimated $5.19M sold.

  • 80 institutional investors held Covenant Logistics (CVLG) as of Q1 2017, down from 90 in Q4 2016.
  • Funds reported $216M of Covenant Logistics stock for Q1 2017, down 0.22% quarter-over-quarter.
  • 9 funds opened new Covenant Logistics positions in Q1 2017 and 13 closed out, a net change of -4 holders.
  • The largest Covenant Logistics buyer in Q1 2017 was BlackRock, an estimated $16.3M added.
  • The largest Covenant Logistics seller in Q1 2017 was James Investment Research, an estimated $5.19M sold.

Based on aggregated 13F filings for Q1 2017.