Covenant Logistics
CVLG
36 hedge funds and large institutions have $51.8M invested in Covenant Logistics in 2013 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 14 increasing their positions, 9 reducing their positions, and 3 closing their positions.
67% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 3
56% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 9
32% more capital invested
Capital invested by funds: $39.2M → $51.8M (+$12.6M)
6% more funds holding
Funds holding: 34 → 36 (+2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAM
Scopus Asset Management
New York
|
+$611K |
| 2 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$143K |
| 3 |
Invesco
Atlanta,
Georgia
|
+$100K |
| 4 |
SIM
Spark Investment Management
New York
|
+$82.6K |
| 5 |
QCMC
Quantum Capital Management (California)
San Francisco,
California
|
+$49.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$502K |
| 2 |
NI
Numeric Investors
Boston,
Massachusetts
|
-$242K |
| 3 |
Acadian Asset Management
Boston,
Massachusetts
|
-$37.3K |
| 4 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$29.7K |
| 5 |
BGIM
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
|
-$24.2K |
CVLG Hedge Fund Activity: Q4 2013 in Review
36 of the 3,459 institutional investors tracked by Wall St. Rank reported a position in Covenant Logistics (CVLG) for Q4 2013, worth a combined $51.8M — up 32% from $39.2M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new CVLG positions and 3 closed out — a net gain of 2 holders — while 14 added to existing stakes and 9 trimmed.
The largest buyer was Scopus Asset Management, opening a new position worth an estimated $611K. The largest seller was Wells Fargo, cutting an estimated $502K.
- 36 institutional investors held Covenant Logistics (CVLG) as of Q4 2013, up from 34 in Q3 2013.
- Funds reported $51.8M of Covenant Logistics stock for Q4 2013, up 32% quarter-over-quarter.
- 5 funds opened new Covenant Logistics positions in Q4 2013 and 3 closed out, a net change of +2 holders.
- The largest Covenant Logistics buyer in Q4 2013 was Scopus Asset Management, an estimated $611K added.
- The largest Covenant Logistics seller in Q4 2013 was Wells Fargo, an estimated $502K sold.
Based on aggregated 13F filings for Q4 2013.