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Covenant Logistics
CVLG

108 hedge funds and large institutions have $172M invested in Covenant Logistics in 2019 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 47 increasing their positions, 31 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

52% more repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 31

4.62% less ownership

Funds ownership: 150.83% → 146.21% (-4.6%)

9% less funds holding

Funds holding: 119 → 108 (-11)

25% less capital invested

Capital invested by funds: $229M → $172M (-$57.2M)

35% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 23

Holders
108
Holders Change
-11
Holders Change %
-9.24%
% of All Funds
2.35%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
15
Increased
47
Reduced
31
Closed
23
Calls
$570K
Puts
–
Net Calls
+$570K
Net Calls Change
+$328K

Top Buyers

1
LSV Asset Management
LSV Asset Management
Illinois
+$6.15M
2
N
Nuveen
North Carolina
+$3.87M
3
WMSA
Weiss Multi-Strategy Advisers
New York
+$3.5M
4
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$2.4M
5
Hotchkis & Wiley Capital Management
Hotchkis & Wiley Capital Management
California
+$1.87M

Top Sellers

1
HA
Homestead Advisers
Virginia
-$10.3M
2
PCM
Portolan Capital Management
Massachusetts
-$3.32M
3
Bank of New York Mellon
Bank of New York Mellon
New York
-$2.81M
4
AL
AJO LP
Pennsylvania
-$1.42M
5
American Century Companies
American Century Companies
Missouri
-$1.34M
Name Holding Trade Value Shares
Change 		Change in
Stake
PWMG
101
Prestige Wealth Management Group
New Jersey
$10K – – –
QI
102
QS Investors
New York
$7K – – –
AG
103
Advisor Group
Arizona
$7K +$3.38K +386 +75%
MAM
104
Meeder Asset Management
Ohio
$4K -$12.6K -1,438 -74%
TRCT
105
Tower Research Capital (TRC)
New York
$2K +$2.77K +316 New
CI
106
CX Institutional
Indiana
$1K +$1.59K +182 New
American Century Companies
107
American Century Companies
Missouri
– -$1.34M -141,036 Closed
ZIM
108
ZPR Investment Management
Florida
– -$1.11M -116,640 Closed
BPM
109
Bowling Portfolio Management
Ohio
– -$1.09M -114,684 Closed
ERSOT
110
Employees Retirement System of Texas
Texas
– -$1.01M -106,000 Closed
CIC
111
Cornercap Investment Counsel
Georgia
– -$767K -80,770 Closed
AIM
112
Alambic Investment Management
California
– -$636K -67,062 Closed
PGCM
113
Prescott Group Capital Management
Oklahoma
– -$500K -52,728 Closed
DM
114
Delphi Management
Massachusetts
– -$462K -48,708 Closed
VOYA Investment Management
115
VOYA Investment Management
Georgia
– -$414K -43,606 Closed
CEP
116
Chicago Equity Partners
Illinois
– -$305K -32,110 Closed
Ohio Public Employees Retirement System (OPERS)
117
Ohio Public Employees Retirement System (OPERS)
Ohio
– -$297K -31,328 Closed
MAM
118
Martingale Asset Management
Massachusetts
– -$289K -30,400 Closed
DTL
119
Dynamic Technology Lab
Singapore
– -$259K -27,284 Closed
AIMCA
120
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
– -$233K -24,600 Closed
OAM
121
Oxford Asset Management
United Kingdom
– -$200K -21,072 Closed
RA
122
Royce & Associates
New York
– -$199K -21,000 Closed
ECM
123
ETrade Capital Management
Virginia
– -$195K -20,560 Closed
Simplex Trading
124
Simplex Trading
Illinois
– -$44.6K -5,092 Closed
QT
125
Quantamental Technologies
New York
– -$47K -4,906 Closed
2 3 4
5
6

CVLG Hedge Fund Activity: Q2 2019 in Review

108 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Covenant Logistics (CVLG) for Q2 2019, worth a combined $172M — down 25% from $229M a quarter earlier.

Sellers outnumbered buyers: 23 funds closed out of CVLG and 15 opened new positions — a net loss of 8 holders — while 31 trimmed existing stakes and 47 added.

The largest buyer was LSV Asset Management, adding an estimated $6.15M. The largest seller was Homestead Advisers, cutting an estimated $10.3M.

  • 108 institutional investors held Covenant Logistics (CVLG) as of Q2 2019, down from 119 in Q1 2019.
  • Funds reported $172M of Covenant Logistics stock for Q2 2019, down 25% quarter-over-quarter.
  • 15 funds opened new Covenant Logistics positions in Q2 2019 and 23 closed out, a net change of -8 holders.
  • The largest Covenant Logistics buyer in Q2 2019 was LSV Asset Management, an estimated $6.15M added.
  • The largest Covenant Logistics seller in Q2 2019 was Homestead Advisers, an estimated $10.3M sold.

Based on aggregated 13F filings for Q2 2019.