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Covenant Logistics
CVLG

88 hedge funds and large institutions have $184M invested in Covenant Logistics in 2022 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 26 increasing their positions, 35 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

198% more call options, than puts

Call options by funds: $723K | Put options by funds: $243K

9% more capital invested

Capital invested by funds: $170M → $184M (+$14.7M)

1.24% more ownership

Funds ownership: 109.75% → 110.99% (+1.2%)

9% less funds holding

Funds holding: 97 → 88 (-9)

26% less repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 35

40% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 20

Holders
88
Holders Change
-9
Holders Change %
-9.28%
% of All Funds
1.48%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
12
Increased
26
Reduced
35
Closed
20
Calls
$723K
Puts
$243K
Net Calls
+$480K
Net Calls Change
+$40K

Top Buyers

1
Invesco
Invesco
Georgia
+$1.58M
2
PAMG
Patton Albertson Miller Group
Tennessee
+$1.44M
3
Charles Schwab
Charles Schwab
California
+$827K
4
Acadian Asset Management
Acadian Asset Management
Massachusetts
+$796K
5
Morgan Stanley
Morgan Stanley
New York
+$736K

Top Sellers

1
HA
Heartland Advisors
Wisconsin
-$7M
2
FP
Foundry Partners
Minnesota
-$2.14M
3
Assenagon Asset Management
Assenagon Asset Management
Luxembourg
-$1.62M
4
FHC
Forest Hill Capital
Arkansas
-$1.21M
5
Los Angeles Capital Management
Los Angeles Capital Management
California
-$967K
Name Holding Trade Value Shares
Change 		Change in
Stake
MLICM
76
Metropolitan Life Insurance Company (MetLife)
New York
$20.6K – – –
Citigroup
77
Citigroup
New York
$20K +$3.76K +350 +27%
PWMG
78
Prestige Wealth Management Group
New Jersey
$18K – – –
TRCT
79
Tower Research Capital (TRC)
New York
$15K +$5.91K +550 +90%
CAPTRUST Financial Advisors
80
CAPTRUST Financial Advisors
North Carolina
$14K +$4.32K +402 +54%
Federated Hermes
81
Federated Hermes
Pennsylvania
$9K – – –
TWA
82
TCI Wealth Advisors
Arizona
$9K +$7.54K +702 New
S
83
SignatureFD
Georgia
$6K – – –
GWSG
84
GPS Wealth Strategies Group
Colorado
$5K – – –
Fidelity Investments
85
Fidelity Investments
Massachusetts
$5K +$1.09K +102 +35%
SPIA
86
Steward Partners Investment Advisory
New York
$5K +$4.29K +400 New
UBS Group
87
UBS Group
Switzerland
$2K -$36K -3,356 -96%
HA
88
Heartland Advisors
Wisconsin
– -$7M -650,000 Closed
FP
89
Foundry Partners
Minnesota
– -$2.14M -198,700 Closed
Assenagon Asset Management
90
Assenagon Asset Management
Luxembourg
– -$1.62M -150,530 Closed
FHC
91
Forest Hill Capital
Arkansas
– -$1.21M -112,066 Closed
Los Angeles Capital Management
92
Los Angeles Capital Management
California
– -$967K -89,804 Closed
Millennium Management
93
Millennium Management
New York
– -$902K -83,818 Closed
Renaissance Technologies
94
Renaissance Technologies
New York
– -$900K -83,600 Closed
Squarepoint
95
Squarepoint
New York
– -$294K -27,306 Closed
GCP
96
GSA Capital Partners
United Kingdom
– -$273K -25,356 Closed
SGI
97
Summit Global Investments
Utah
– -$233K -21,600 Closed
State of Wisconsin Investment Board
98
State of Wisconsin Investment Board
Wisconsin
– -$226K -21,000 Closed
JF
99
Jump Financial
Illinois
– -$211K -19,578 Closed
MAM
100
Meeder Asset Management
Ohio
– -$61K -5,618 Closed
1 2 3
4
5

CVLG Hedge Fund Activity: Q2 2022 in Review

88 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in Covenant Logistics (CVLG) for Q2 2022, worth a combined $184M — up 8.6% from $170M a quarter earlier.

Sellers outnumbered buyers: 20 funds closed out of CVLG and 12 opened new positions — a net loss of 8 holders — while 35 trimmed existing stakes and 26 added.

The largest buyer was Invesco, adding an estimated $1.58M. The largest seller was Heartland Advisors, exiting entirely with an estimated $7M sold.

  • 88 institutional investors held Covenant Logistics (CVLG) as of Q2 2022, down from 97 in Q1 2022.
  • Funds reported $184M of Covenant Logistics stock for Q2 2022, up 8.6% quarter-over-quarter.
  • 12 funds opened new Covenant Logistics positions in Q2 2022 and 20 closed out, a net change of -8 holders.
  • The largest Covenant Logistics buyer in Q2 2022 was Invesco, an estimated $1.58M added.
  • The largest Covenant Logistics seller in Q2 2022 was Heartland Advisors, an estimated $7M sold.

Based on aggregated 13F filings for Q2 2022.