Covenant Logistics
CVLG
96 hedge funds and large institutions have $208M invested in Covenant Logistics in 2015 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 35 increasing their positions, 34 reducing their positions, and 29 closing their positions.
6% more capital invested
Capital invested by funds: $196M → $208M (+$12.3M)
3% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 34
17% less funds holding
Funds holding: 115 → 96 (-19)
66% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 29
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Portolan Capital Management
Boston,
Massachusetts
|
+$7.28M |
| 2 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
+$5.24M |
| 3 |
NRECA
National Rural Electric Cooperative Association
Arlington,
Virginia
|
+$4.34M |
| 4 |
BCM
BlueCrest Capital Management
St Helier,
Jersey
|
+$4.05M |
| 5 |
RCMC
RK Capital Management (Colorado)
Denver,
Colorado
|
+$3.61M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
-$3.63M |
| 2 |
Millennium Management
New York
|
-$3.37M |
| 3 |
Morgan Stanley
New York
|
-$3.27M |
| 4 |
Alyeska Investment Group
Chicago,
Illinois
|
-$2.97M |
| 5 |
CPIM
Columbia Partners Investment Management
Alexandria,
Virginia
|
-$1.58M |
CVLG Hedge Fund Activity: Q4 2015 in Review
96 of the 3,824 institutional investors tracked by Wall St. Rank reported a position in Covenant Logistics (CVLG) for Q4 2015, worth a combined $208M — up 6.2% from $196M a quarter earlier.
Sellers outnumbered buyers: 29 funds closed out of CVLG and 10 opened new positions — a net loss of 19 holders — while 34 trimmed existing stakes and 35 added.
The largest buyer was Portolan Capital Management, opening a new position worth an estimated $7.28M. The largest seller was Victory Capital Management, exiting entirely with an estimated $3.63M sold.
- 96 institutional investors held Covenant Logistics (CVLG) as of Q4 2015, down from 115 in Q3 2015.
- Funds reported $208M of Covenant Logistics stock for Q4 2015, up 6.2% quarter-over-quarter.
- 10 funds opened new Covenant Logistics positions in Q4 2015 and 29 closed out, a net change of -19 holders.
- The largest Covenant Logistics buyer in Q4 2015 was Portolan Capital Management, an estimated $7.28M added.
- The largest Covenant Logistics seller in Q4 2015 was Victory Capital Management, an estimated $3.63M sold.
Based on aggregated 13F filings for Q4 2015.