Covenant Logistics
CVLG
129 hedge funds and large institutions have $226M invested in Covenant Logistics in 2018 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 57 increasing their positions, 37 reducing their positions, and 26 closing their positions.
54% more repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 37
0.73% more ownership
Funds ownership: 146.54% → 147.27% (+0.73%)
8% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 26
2% less funds holding
Funds holding: 131 → 129 (-2)
34% less capital invested
Capital invested by funds: $340M → $226M (-$114M)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $949K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
+$3.63M |
| 2 |
HA
Homestead Advisers
Arlington,
Virginia
|
+$3.32M |
| 3 |
Marshall Wace
London,
United Kingdom
|
+$2.34M |
| 4 |
LSV Asset Management
Chicago,
Illinois
|
+$2.31M |
| 5 |
Millennium Management
New York
|
+$1.76M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Sandler Capital Management
New York
|
-$6.89M |
| 2 |
HCM
Hodges Capital Management
Dallas,
Texas
|
-$5.38M |
| 3 |
NCGI
Next Century Growth Investors
Plymouth,
Minnesota
|
-$4M |
| 4 |
1SAMC
12th Street Asset Management Company
Nashville,
Tennessee
|
-$3.4M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$2.95M |
CVLG Hedge Fund Activity: Q4 2018 in Review
129 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Covenant Logistics (CVLG) for Q4 2018, worth a combined $226M — down 34% from $340M a quarter earlier.
Sellers outnumbered buyers: 26 funds closed out of CVLG and 24 opened new positions — a net loss of 2 holders — while 37 trimmed existing stakes and 57 added.
The largest buyer was AJO LP, opening a new position worth an estimated $3.63M. The largest seller was Sandler Capital Management, exiting entirely with an estimated $6.89M sold.
- 129 institutional investors held Covenant Logistics (CVLG) as of Q4 2018, down from 131 in Q3 2018.
- Funds reported $226M of Covenant Logistics stock for Q4 2018, down 34% quarter-over-quarter.
- 24 funds opened new Covenant Logistics positions in Q4 2018 and 26 closed out, a net change of -2 holders.
- The largest Covenant Logistics buyer in Q4 2018 was AJO LP, an estimated $3.63M added.
- The largest Covenant Logistics seller in Q4 2018 was Sandler Capital Management, an estimated $6.89M sold.
Based on aggregated 13F filings for Q4 2018.