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Covenant Logistics
CVLG

129 hedge funds and large institutions have $226M invested in Covenant Logistics in 2018 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 57 increasing their positions, 37 reducing their positions, and 26 closing their positions.

New
Increased
Maintained
Reduced
Closed

54% more repeat investments, than reductions

Existing positions increased: 57 | Existing positions reduced: 37

0.73% more ownership

Funds ownership: 146.54% → 147.27% (+0.73%)

8% less first-time investments, than exits

New positions opened: 24 | Existing positions closed: 26

2% less funds holding

Funds holding: 131 → 129 (-2)

34% less capital invested

Capital invested by funds: $340M → $226M (-$114M)

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $949K

Holders
129
Holders Change
-2
Holders Change %
-1.53%
% of All Funds
2.87%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
24
Increased
57
Reduced
37
Closed
26
Calls
–
Puts
$949K
Net Calls
-$949K
Net Calls Change
-$573K

Top Buyers

1
AL
AJO LP
Pennsylvania
+$3.63M
2
HA
Homestead Advisers
Virginia
+$3.32M
3
Marshall Wace
Marshall Wace
United Kingdom
+$2.34M
4
LSV Asset Management
LSV Asset Management
Illinois
+$2.31M
5
Millennium Management
Millennium Management
New York
+$1.76M

Top Sellers

1
SCM
Sandler Capital Management
New York
-$6.89M
2
HCM
Hodges Capital Management
Texas
-$5.38M
3
NCGI
Next Century Growth Investors
Minnesota
-$4M
4
1SAMC
12th Street Asset Management Company
Tennessee
-$3.4M
5
Wells Fargo
Wells Fargo
California
-$2.95M
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
76
Morgan Stanley
New York
$443K -$384K -32,798 -42%
Swiss National Bank
77
Swiss National Bank
Switzerland
$434K +$42.2K +3,600 +9%
VOYA Investment Management
78
VOYA Investment Management
Georgia
$429K +$523K +44,644 New
First Trust Advisors
79
First Trust Advisors
Illinois
$426K +$82K +6,992 +19%
SO
80
STRS Ohio
Ohio
$378K +$98.5K +8,400 +27%
AIM
81
Alambic Investment Management
California
$371K +$237K +20,254 +110%
California State Teachers Retirement System (CalSTRS)
82
California State Teachers Retirement System (CalSTRS)
California
$365K – – –
RhumbLine Advisers
83
RhumbLine Advisers
Massachusetts
$347K +$126K +10,714 +42%
Capital Fund Management (CFM)
84
Capital Fund Management (CFM)
France
$332K -$96.1K -8,200 -19%
Acadian Asset Management
85
Acadian Asset Management
Massachusetts
$331K -$618K -52,762 -60%
CCIA
86
Campbell & Co Investment Adviser
Maryland
$323K +$4.57K +390 +1%
EGM
87
Engineers Gate Manager
New York
$323K +$25.3K +2,162 +7%
NC
88
Noked Capital
Israel
$307K +$375K +32,000 New
NI
89
Noked Israel
Israel
$307K +$375K +32,000 New
Ohio Public Employees Retirement System (OPERS)
90
Ohio Public Employees Retirement System (OPERS)
Ohio
$301K +$52.3K +4,466 +17%
AA
91
ALPS Advisors
Colorado
$284K -$17.2K -1,470 -5%
Susquehanna International Group
92
Susquehanna International Group
Pennsylvania
$276K +$159K +13,544 +89%
AIMCA
93
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$263K +$321K +27,400 New
FQ
94
First Quadrant
California
$253K +$309K +26,388 New
RA
95
Royce & Associates
New York
$250K +$305K +26,000 New
Citigroup
96
Citigroup
New York
$241K -$89.6K -7,644 -23%
DTL
97
Dynamic Technology Lab
Singapore
$237K -$12.1K -1,032 -4%
Group One Trading
98
Group One Trading
Illinois
$229K +$279K +23,818 New
JG
99
Jefferies Group
New York
$227K +$278K +23,694 New
WMSA
100
Weiss Multi-Strategy Advisers
New York
$192K +$234K +20,000 New
2 3
4
5 6

CVLG Hedge Fund Activity: Q4 2018 in Review

129 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Covenant Logistics (CVLG) for Q4 2018, worth a combined $226M — down 34% from $340M a quarter earlier.

Sellers outnumbered buyers: 26 funds closed out of CVLG and 24 opened new positions — a net loss of 2 holders — while 37 trimmed existing stakes and 57 added.

The largest buyer was AJO LP, opening a new position worth an estimated $3.63M. The largest seller was Sandler Capital Management, exiting entirely with an estimated $6.89M sold.

  • 129 institutional investors held Covenant Logistics (CVLG) as of Q4 2018, down from 131 in Q3 2018.
  • Funds reported $226M of Covenant Logistics stock for Q4 2018, down 34% quarter-over-quarter.
  • 24 funds opened new Covenant Logistics positions in Q4 2018 and 26 closed out, a net change of -2 holders.
  • The largest Covenant Logistics buyer in Q4 2018 was AJO LP, an estimated $3.63M added.
  • The largest Covenant Logistics seller in Q4 2018 was Sandler Capital Management, an estimated $6.89M sold.

Based on aggregated 13F filings for Q4 2018.