Covenant Logistics
CVLG
48 hedge funds and large institutions have $68.1M invested in Covenant Logistics in 2014 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 12 increasing their positions, 11 reducing their positions, and 2 closing their positions.
600% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 2
33% more funds holding
Funds holding: 36 → 48 (+12)
32% more capital invested
Capital invested by funds: $51.8M → $68.1M (+$16.4M)
9% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAM
Scopus Asset Management
New York
|
+$1.81M |
| 2 |
EI
EAM Investors
Solana Beach,
California
|
+$1.69M |
| 3 |
NC
Northpointe Capital
Bloomfield Hills,
Michigan
|
+$1.49M |
| 4 |
COPPSERS
Commonwealth of Pennsylvania Public School Employees Retirement System
Harrisburg,
Pennsylvania
|
+$829K |
| 5 |
CCM
Coe Capital Management
Highland Park,
Illinois
|
+$770K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$2.22M |
| 2 |
PCM
Perritt Capital Management
Chicago,
Illinois
|
-$889K |
| 3 |
DSC
Donald Smith & Co
New York
|
-$874K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$216K |
| 5 |
N
Natixis
Paris,
France
|
-$112K |
CVLG Hedge Fund Activity: Q1 2014 in Review
48 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in Covenant Logistics (CVLG) for Q1 2014, worth a combined $68.1M — up 32% from $51.8M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new CVLG positions and 2 closed out — a net gain of 12 holders — while 12 added to existing stakes and 11 trimmed.
The largest buyer was Scopus Asset Management, adding an estimated $1.81M. The largest seller was Wells Fargo, cutting an estimated $2.22M.
- 48 institutional investors held Covenant Logistics (CVLG) as of Q1 2014, up from 36 in Q4 2013.
- Funds reported $68.1M of Covenant Logistics stock for Q1 2014, up 32% quarter-over-quarter.
- 14 funds opened new Covenant Logistics positions in Q1 2014 and 2 closed out, a net change of +12 holders.
- The largest Covenant Logistics buyer in Q1 2014 was Scopus Asset Management, an estimated $1.81M added.
- The largest Covenant Logistics seller in Q1 2014 was Wells Fargo, an estimated $2.22M sold.
Based on aggregated 13F filings for Q1 2014.