Covenant Logistics
CVLG
94 hedge funds and large institutions have $259M invested in Covenant Logistics in 2014 Q4 according to their latest regulatory filings, with 40 funds opening new positions, 34 increasing their positions, 18 reducing their positions, and 10 closing their positions.
300% more first-time investments, than exits
New positions opened: 40 | Existing positions closed: 10
126% more capital invested
Capital invested by funds: $115M → $259M (+$144M)
89% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 18
45% more funds holding
Funds holding: 65 → 94 (+29)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CRCP
Copper Rock Capital Partners
Boston,
Massachusetts
|
+$16.5M |
| 2 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
+$9.47M |
| 3 |
NCGI
Next Century Growth Investors
Plymouth,
Minnesota
|
+$6.82M |
| 4 |
Renaissance Technologies
New York
|
+$6.17M |
| 5 |
GP
Grow Partners
San Diego,
California
|
+$6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$4.35M |
| 2 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$4M |
| 3 |
SM
Senvest Management
New York
|
-$3.81M |
| 4 |
PCM
Perritt Capital Management
Chicago,
Illinois
|
-$929K |
| 5 |
EI
EAM Investors
Solana Beach,
California
|
-$886K |
CVLG Hedge Fund Activity: Q4 2014 in Review
94 of the 3,765 institutional investors tracked by Wall St. Rank reported a position in Covenant Logistics (CVLG) for Q4 2014, worth a combined $259M — up 126% from $115M a quarter earlier.
Buyers outnumbered sellers: 40 funds opened new CVLG positions and 10 closed out — a net gain of 30 holders — while 34 added to existing stakes and 18 trimmed.
The largest buyer was Copper Rock Capital Partners, opening a new position worth an estimated $16.5M. The largest seller was Wells Fargo, cutting an estimated $4.35M.
- 94 institutional investors held Covenant Logistics (CVLG) as of Q4 2014, up from 65 in Q3 2014.
- Funds reported $259M of Covenant Logistics stock for Q4 2014, up 126% quarter-over-quarter.
- 40 funds opened new Covenant Logistics positions in Q4 2014 and 10 closed out, a net change of +30 holders.
- The largest Covenant Logistics buyer in Q4 2014 was Copper Rock Capital Partners, an estimated $16.5M added.
- The largest Covenant Logistics seller in Q4 2014 was Wells Fargo, an estimated $4.35M sold.
Based on aggregated 13F filings for Q4 2014.