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Covenant Logistics
CVLG

90 hedge funds and large institutions have $217M invested in Covenant Logistics in 2016 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 35 increasing their positions, 21 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

141.2% more ownership

Funds ownership: 0% → 141.2% (+141%)

67% more repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 21

29% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 14

3% more funds holding

Funds holding: 87 → 90 (+3)

5% less capital invested

Capital invested by funds: $227M → $217M (-$10.3M)

Holders
90
Holders Change
+3
Holders Change %
+3.45%
% of All Funds
2.25%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
18
Increased
35
Reduced
21
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
PCM
Portolan Capital Management
Massachusetts
+$4.17M
2
GC
Guggenheim Capital
Illinois
+$2.89M
3
PCM
Penn Capital Management
Pennsylvania
+$2.69M
4
DCM
Driehaus Capital Management
Illinois
+$2.68M
5
Wellington Management Group
Wellington Management Group
Massachusetts
+$2.38M

Top Sellers

1
CRCP
Copper Rock Capital Partners
Massachusetts
-$18.7M
2
WRF
Waddell & Reed Financial
Kansas
-$15.7M
3
WMSA
Weiss Multi-Strategy Advisers
New York
-$4.25M
4
BCM
Basswood Capital Management
New York
-$2.85M
5
SAM
Scopus Asset Management
New York
-$2.46M
Name Holding Trade Value Shares
Change 		Change in
Stake
TI
101
Trexquant Investment
Connecticut
– -$213K -22,052 Closed
BGIM
102
Brandywine Global Investment Management
Pennsylvania
– -$165K -17,000 Closed
MA
103
MUFG Americas
New York
– -$3K -360 Closed
1 2 3 4
5

CVLG Hedge Fund Activity: Q4 2016 in Review

90 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Covenant Logistics (CVLG) for Q4 2016, worth a combined $217M — down 4.5% from $227M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new CVLG positions and 14 closed out — a net gain of 4 holders — while 35 added to existing stakes and 21 trimmed.

The largest buyer was Portolan Capital Management, opening a new position worth an estimated $4.17M. The largest seller was Copper Rock Capital Partners, exiting entirely with an estimated $18.7M sold.

  • 90 institutional investors held Covenant Logistics (CVLG) as of Q4 2016, up from 87 in Q3 2016.
  • Funds reported $217M of Covenant Logistics stock for Q4 2016, down 4.5% quarter-over-quarter.
  • 18 funds opened new Covenant Logistics positions in Q4 2016 and 14 closed out, a net change of +4 holders.
  • The largest Covenant Logistics buyer in Q4 2016 was Portolan Capital Management, an estimated $4.17M added.
  • The largest Covenant Logistics seller in Q4 2016 was Copper Rock Capital Partners, an estimated $18.7M sold.

Based on aggregated 13F filings for Q4 2016.