Covenant Logistics
CVLG
90 hedge funds and large institutions have $192M invested in Covenant Logistics in 2019 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 35 increasing their positions, 31 reducing their positions, and 27 closing their positions.
13% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 31
12% more capital invested
Capital invested by funds: $172M → $192M (+$20.1M)
1.07% less ownership
Funds ownership: 146.21% → 145.14% (-1.1%)
17% less funds holding
Funds holding: 108 → 90 (-18)
67% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 27
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $460K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$4.65M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$4.64M |
| 3 |
Russell Investments Group
London,
United Kingdom
|
+$3.1M |
| 4 |
SAM
Scopus Asset Management
New York
|
+$2.68M |
| 5 |
FP
Foundry Partners
Minneapolis,
Minnesota
|
+$2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HA
Homestead Advisers
Arlington,
Virginia
|
-$5.52M |
| 2 |
PCM
Portolan Capital Management
Boston,
Massachusetts
|
-$2.27M |
| 3 |
Man Group
London,
United Kingdom
|
-$1.57M |
| 4 |
N
Nuveen
Charlotte,
North Carolina
|
-$1.48M |
| 5 |
PCM
Penn Capital Management
Philadelphia,
Pennsylvania
|
-$1.37M |
CVLG Hedge Fund Activity: Q3 2019 in Review
90 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Covenant Logistics (CVLG) for Q3 2019, worth a combined $192M — up 12% from $172M a quarter earlier.
Sellers outnumbered buyers: 27 funds closed out of CVLG and 9 opened new positions — a net loss of 18 holders — while 31 trimmed existing stakes and 35 added.
The largest buyer was BlackRock, adding an estimated $4.65M. The largest seller was Homestead Advisers, exiting entirely with an estimated $5.52M sold.
- 90 institutional investors held Covenant Logistics (CVLG) as of Q3 2019, down from 108 in Q2 2019.
- Funds reported $192M of Covenant Logistics stock for Q3 2019, up 12% quarter-over-quarter.
- 9 funds opened new Covenant Logistics positions in Q3 2019 and 27 closed out, a net change of -18 holders.
- The largest Covenant Logistics buyer in Q3 2019 was BlackRock, an estimated $4.65M added.
- The largest Covenant Logistics seller in Q3 2019 was Homestead Advisers, an estimated $5.52M sold.
Based on aggregated 13F filings for Q3 2019.