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Covenant Logistics
CVLG

91 hedge funds and large institutions have $275M invested in Covenant Logistics in 2016 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 27 increasing their positions, 26 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

32% more capital invested

Capital invested by funds: $208M → $275M (+$66.8M)

4% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 26

5% less funds holding

Funds holding: 96 → 91 (-5)

16% less first-time investments, than exits

New positions opened: 21 | Existing positions closed: 25

Holders
91
Holders Change
-5
Holders Change %
-5.21%
% of All Funds
2.42%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.03%
New
21
Increased
27
Reduced
26
Closed
25
Calls
$2K
Puts
–
Net Calls
+$2K
Net Calls Change
+$2K

Top Buyers

1
AllianceBernstein
AllianceBernstein
Tennessee
+$16.4M
2
SCM
SG Capital Management
Illinois
+$10.6M
3
Fidelity Investments
Fidelity Investments
Massachusetts
+$6.35M
4
SAM
Scopus Asset Management
New York
+$2.97M
5
PC
Pier Capital
Connecticut
+$2.29M

Top Sellers

1
PCM
Portolan Capital Management
Massachusetts
-$6.96M
2
RIM
Rainier Investment Management
Washington
-$6.2M
3
BCM
BlueCrest Capital Management
Jersey
-$4.37M
4
CRCP
Copper Rock Capital Partners
Massachusetts
-$3.58M
5
Renaissance Technologies
Renaissance Technologies
New York
-$3.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
Dimensional Fund Advisors
1
Dimensional Fund Advisors
Texas
$32.3M +$1.13M +112,530 +4%
CRCP
2
Copper Rock Capital Partners
Massachusetts
$24.5M -$3.58M -355,132 -15%
AllianceBernstein
3
AllianceBernstein
Tennessee
$19.7M +$16.4M +1,630,900 New
WRF
4
Waddell & Reed Financial
Kansas
$19.7M +$774K +76,800 +5%
HA
5
Homestead Advisers
Virginia
$16.3M +$13.6M +1,348,400 New
SCM
6
SG Capital Management
Illinois
$12.7M +$10.6M +1,052,014 New
Renaissance Technologies
7
Renaissance Technologies
New York
$11.5M -$3.5M -346,958 -27%
Vanguard Group
8
Vanguard Group
Pennsylvania
$10.9M +$444K +44,008 +5%
BIT
9
BlackRock Institutional Trust
California
$9.02M +$465K +46,078 +7%
Fidelity Investments
10
Fidelity Investments
Massachusetts
$7.62M +$6.35M +630,000 New
BFA
11
BlackRock Fund Advisors
California
$7.29M -$322K -31,942 -5%
SAM
12
Scopus Asset Management
New York
$7.23M +$2.97M +294,328 +97%
NCGI
13
Next Century Growth Investors
Minnesota
$6.98M -$1.03M -101,930 -15%
RCMC
14
RK Capital Management (Colorado)
Colorado
$5.55M +$948K +94,000 +26%
BCM
15
Bridgeway Capital Management
Texas
$4.96M – – –
Wells Fargo
16
Wells Fargo
California
$4.69M -$824K -81,746 -17%
BCM
17
Basswood Capital Management
New York
$4.41M -$136K -13,528 -4%
State Street
18
State Street
Massachusetts
$4.19M +$266K +26,336 +8%
MOACM
19
Mutual of America Capital Management
New York
$4.17M +$957K +94,894 +38%
SAMC
20
Shinko Asset Management Company
Japan
$3.61M – – –
Northern Trust
21
Northern Trust
Illinois
$3.46M +$98.5K +9,772 +4%
Fisher Asset Management
22
Fisher Asset Management
Washington
$3.37M – – –
OAM
23
Oxford Asset Management
United Kingdom
$3.3M +$1.3M +128,770 +89%
JIR
24
James Investment Research
Ohio
$3.09M -$2.36M -234,000 -48%
FP
25
Foundry Partners
Minnesota
$3.05M -$788K -78,140 -24%
1
2 3 4 5

CVLG Hedge Fund Activity: Q1 2016 in Review

91 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Covenant Logistics (CVLG) for Q1 2016, worth a combined $275M — up 32% from $208M a quarter earlier.

Sellers outnumbered buyers: 25 funds closed out of CVLG and 21 opened new positions — a net loss of 4 holders — while 26 trimmed existing stakes and 27 added.

The largest buyer was AllianceBernstein, opening a new position worth an estimated $16.4M. The largest seller was Portolan Capital Management, exiting entirely with an estimated $6.96M sold.

  • 91 institutional investors held Covenant Logistics (CVLG) as of Q1 2016, down from 96 in Q4 2015.
  • Funds reported $275M of Covenant Logistics stock for Q1 2016, up 32% quarter-over-quarter.
  • 21 funds opened new Covenant Logistics positions in Q1 2016 and 25 closed out, a net change of -4 holders.
  • The largest Covenant Logistics buyer in Q1 2016 was AllianceBernstein, an estimated $16.4M added.
  • The largest Covenant Logistics seller in Q1 2016 was Portolan Capital Management, an estimated $6.96M sold.

Based on aggregated 13F filings for Q1 2016.