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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
DekaBank Deutsche Girozentrale
126
DekaBank Deutsche Girozentrale
Germany
– -$47K -3,158 Closed
Canada Pension Plan Investment Board
127
Canada Pension Plan Investment Board
Ontario, Canada
– -$21K -2,200 Closed
CAM
128
ClariVest Asset Management
California
– -$7K -710 Closed
LTFS
129
Ladenburg Thalmann Financial Services
Florida
– -$6K -588 Closed
Fidelity Investments
130
Fidelity Investments
Massachusetts
– +$175 +20 New
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.