Covenant Logistics
CVLG
119 hedge funds and large institutions have $229M invested in Covenant Logistics in 2019 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 40 increasing their positions, 46 reducing their positions, and 21 closing their positions.
43% more call options, than puts
Call options by funds: $810K | Put options by funds: $568K
3.55% more ownership
Funds ownership: 147.27% → 150.83% (+3.6%)
1% more capital invested
Capital invested by funds: $226M → $229M (+$3.04M)
8% less funds holding
Funds holding: 129 → 119 (-10)
13% less repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 46
43% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 21
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Portolan Capital Management
Boston,
Massachusetts
|
+$7.62M |
| 2 |
LSV Asset Management
Chicago,
Illinois
|
+$6.31M |
| 3 |
Bank of New York Mellon
New York
|
+$4.1M |
| 4 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$4.06M |
| 5 |
Prudential Financial
Newark,
New Jersey
|
+$2.42M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HA
Homestead Advisers
Arlington,
Virginia
|
-$6.11M |
| 2 |
Millennium Management
New York
|
-$3.18M |
| 3 |
FP
Foundry Partners
Minneapolis,
Minnesota
|
-$3.12M |
| 4 |
Marshall Wace
London,
United Kingdom
|
-$1.92M |
| 5 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
-$1.43M |
CVLG Hedge Fund Activity: Q1 2019 in Review
119 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Covenant Logistics (CVLG) for Q1 2019, worth a combined $229M — up 1.3% from $226M a quarter earlier.
Sellers outnumbered buyers: 21 funds closed out of CVLG and 12 opened new positions — a net loss of 9 holders — while 46 trimmed existing stakes and 40 added.
The largest buyer was Portolan Capital Management, opening a new position worth an estimated $7.62M. The largest seller was Homestead Advisers, cutting an estimated $6.11M.
- 119 institutional investors held Covenant Logistics (CVLG) as of Q1 2019, down from 129 in Q4 2018.
- Funds reported $229M of Covenant Logistics stock for Q1 2019, up 1.3% quarter-over-quarter.
- 12 funds opened new Covenant Logistics positions in Q1 2019 and 21 closed out, a net change of -9 holders.
- The largest Covenant Logistics buyer in Q1 2019 was Portolan Capital Management, an estimated $7.62M added.
- The largest Covenant Logistics seller in Q1 2019 was Homestead Advisers, an estimated $6.11M sold.
Based on aggregated 13F filings for Q1 2019.