Covenant Logistics
CVLG
34 hedge funds and large institutions have $39.2M invested in Covenant Logistics in 2013 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 13 increasing their positions, 10 reducing their positions, and 5 closing their positions.
30% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 10
5% more capital invested
Capital invested by funds: $37.4M → $39.2M (+$1.79M)
6% less funds holding
Funds holding: 36 → 34 (-2)
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Perritt Capital Management
Chicago,
Illinois
|
+$1.15M |
| 2 |
Acadian Asset Management
Boston,
Massachusetts
|
+$148K |
| 3 |
Renaissance Technologies
New York
|
+$93.3K |
| 4 |
Morgan Stanley
New York
|
+$71.2K |
| 5 |
CRM
Cramer Rosenthal McGlynn
Stamford,
Connecticut
|
+$40.5K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
-$153K |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$79K |
| 3 |
Wells Fargo
San Francisco,
California
|
-$77.9K |
| 4 |
SIM
Spark Investment Management
New York
|
-$67K |
| 5 |
U
UBS
Zurich,
Switzerland
|
-$14.3K |
CVLG Hedge Fund Activity: Q3 2013 in Review
34 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in Covenant Logistics (CVLG) for Q3 2013, worth a combined $39.2M — up 4.8% from $37.4M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of CVLG and 3 opened new positions — a net loss of 2 holders — while 10 trimmed existing stakes and 13 added.
The largest buyer was Perritt Capital Management, adding an estimated $1.15M. The largest seller was Vanguard Group, cutting an estimated $153K.
- 34 institutional investors held Covenant Logistics (CVLG) as of Q3 2013, down from 36 in Q2 2013.
- Funds reported $39.2M of Covenant Logistics stock for Q3 2013, up 4.8% quarter-over-quarter.
- 3 funds opened new Covenant Logistics positions in Q3 2013 and 5 closed out, a net change of -2 holders.
- The largest Covenant Logistics buyer in Q3 2013 was Perritt Capital Management, an estimated $1.15M added.
- The largest Covenant Logistics seller in Q3 2013 was Vanguard Group, an estimated $153K sold.
Based on aggregated 13F filings for Q3 2013.