Covenant Logistics
CVLG
82 hedge funds and large institutions have $153M invested in Covenant Logistics in 2019 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 34 increasing their positions, 30 reducing their positions, and 14 closing their positions.
13% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 30
1.5% more ownership
Funds ownership: 145.14% → 146.64% (+1.5%)
9% less funds holding
Funds holding: 90 → 82 (-8)
21% less capital invested
Capital invested by funds: $192M → $153M (-$39.5M)
57% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 14
100% less call options, than puts
Call options by funds: $1K | Put options by funds: $362K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WMSA
Weiss Multi-Strategy Advisers
New York
|
+$5.55M |
| 2 |
FP
Foundry Partners
Minneapolis,
Minnesota
|
+$3M |
| 3 |
BlackRock
New York
|
+$1.55M |
| 4 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$1.53M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$1.12M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Basswood Capital Management
New York
|
-$2.63M |
| 2 |
SAM
Scopus Asset Management
New York
|
-$2.24M |
| 3 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
-$1.78M |
| 4 |
LSV Asset Management
Chicago,
Illinois
|
-$1.49M |
| 5 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$1.4M |
CVLG Hedge Fund Activity: Q4 2019 in Review
82 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Covenant Logistics (CVLG) for Q4 2019, worth a combined $153M — down 21% from $192M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of CVLG and 6 opened new positions — a net loss of 8 holders — while 30 trimmed existing stakes and 34 added.
The largest buyer was Weiss Multi-Strategy Advisers, adding an estimated $5.55M. The largest seller was Basswood Capital Management, exiting entirely with an estimated $2.63M sold.
- 82 institutional investors held Covenant Logistics (CVLG) as of Q4 2019, down from 90 in Q3 2019.
- Funds reported $153M of Covenant Logistics stock for Q4 2019, down 21% quarter-over-quarter.
- 6 funds opened new Covenant Logistics positions in Q4 2019 and 14 closed out, a net change of -8 holders.
- The largest Covenant Logistics buyer in Q4 2019 was Weiss Multi-Strategy Advisers, an estimated $5.55M added.
- The largest Covenant Logistics seller in Q4 2019 was Basswood Capital Management, an estimated $2.63M sold.
Based on aggregated 13F filings for Q4 2019.