Covenant Logistics
CVLG
65 hedge funds and large institutions have $115M invested in Covenant Logistics in 2014 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 22 increasing their positions, 17 reducing their positions, and 9 closing their positions.
89% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 9
31% more capital invested
Capital invested by funds: $87.6M → $115M (+$27.1M)
29% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 17
14% more funds holding
Funds holding: 57 → 65 (+8)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
+$2.12M |
| 2 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
+$1.53M |
| 3 |
Morgan Stanley
New York
|
+$1.43M |
| 4 |
TC
TFS Capital
West Chester,
Pennsylvania
|
+$1.42M |
| 5 |
NIP
Nicholas Investment Partners
Rancho Santa Fe,
California
|
+$1.38M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DSC
Donald Smith & Co
New York
|
-$7.37M |
| 2 |
SAM
Scopus Asset Management
New York
|
-$4.33M |
| 3 |
PCM
Perritt Capital Management
Chicago,
Illinois
|
-$4.13M |
| 4 |
NC
Northpointe Capital
Bloomfield Hills,
Michigan
|
-$3.79M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$2.12M |
CVLG Hedge Fund Activity: Q3 2014 in Review
65 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in Covenant Logistics (CVLG) for Q3 2014, worth a combined $115M — up 31% from $87.6M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new CVLG positions and 9 closed out — a net gain of 8 holders — while 22 added to existing stakes and 17 trimmed.
The largest buyer was Renaissance Technologies, adding an estimated $2.12M. The largest seller was Donald Smith & Co, exiting entirely with an estimated $7.37M sold.
- 65 institutional investors held Covenant Logistics (CVLG) as of Q3 2014, up from 57 in Q2 2014.
- Funds reported $115M of Covenant Logistics stock for Q3 2014, up 31% quarter-over-quarter.
- 17 funds opened new Covenant Logistics positions in Q3 2014 and 9 closed out, a net change of +8 holders.
- The largest Covenant Logistics buyer in Q3 2014 was Renaissance Technologies, an estimated $2.12M added.
- The largest Covenant Logistics seller in Q3 2014 was Donald Smith & Co, an estimated $7.37M sold.
Based on aggregated 13F filings for Q3 2014.