Covenant Logistics
CVLG
104 hedge funds and large institutions have $323M invested in Covenant Logistics in 2015 Q1 according to their latest regulatory filings, with 27 funds opening new positions, 37 increasing their positions, 36 reducing their positions, and 15 closing their positions.
80% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 15
25% more capital invested
Capital invested by funds: $259M → $323M (+$64.4M)
11% more funds holding
Funds holding: 94 → 104 (+10)
3% more repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 36
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RIM
Rainier Investment Management
Seattle,
Washington
|
+$8.86M |
| 2 |
Victory Capital Management
San Antonio,
Texas
|
+$8.47M |
| 3 |
HAI
Hennessy Advisors Inc
Novato,
California
|
+$5.47M |
| 4 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
+$3.46M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$3.13M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$21M |
| 2 |
GP
Grow Partners
San Diego,
California
|
-$7.13M |
| 3 |
Morgan Stanley
New York
|
-$5.87M |
| 4 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
-$2.41M |
| 5 |
NIP
Nicholas Investment Partners
Rancho Santa Fe,
California
|
-$2.06M |
CVLG Hedge Fund Activity: Q1 2015 in Review
104 of the 3,770 institutional investors tracked by Wall St. Rank reported a position in Covenant Logistics (CVLG) for Q1 2015, worth a combined $323M — up 25% from $259M a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new CVLG positions and 15 closed out — a net gain of 12 holders — while 37 added to existing stakes and 36 trimmed.
The largest buyer was Rainier Investment Management, adding an estimated $8.86M. The largest seller was Wells Fargo, cutting an estimated $21M.
- 104 institutional investors held Covenant Logistics (CVLG) as of Q1 2015, up from 94 in Q4 2014.
- Funds reported $323M of Covenant Logistics stock for Q1 2015, up 25% quarter-over-quarter.
- 27 funds opened new Covenant Logistics positions in Q1 2015 and 15 closed out, a net change of +12 holders.
- The largest Covenant Logistics buyer in Q1 2015 was Rainier Investment Management, an estimated $8.86M added.
- The largest Covenant Logistics seller in Q1 2015 was Wells Fargo, an estimated $21M sold.
Based on aggregated 13F filings for Q1 2015.