Covenant Logistics
CVLG
91 hedge funds and large institutions have $277M 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.
33% more capital invested
Capital invested by funds: $208M → $277M (+$68.7M)
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
+$16.4M |
| 2 |
SCM
SG Capital Management
Chicago,
Illinois
|
+$10.6M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$6.35M |
| 4 |
SAM
Scopus Asset Management
New York
|
+$2.97M |
| 5 |
PC
Pier Capital
Stamford,
Connecticut
|
+$2.29M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Portolan Capital Management
Boston,
Massachusetts
|
-$6.96M |
| 2 |
RIM
Rainier Investment Management
Seattle,
Washington
|
-$6.2M |
| 3 |
BCM
BlueCrest Capital Management
St Helier,
Jersey
|
-$4.37M |
| 4 |
CRCP
Copper Rock Capital Partners
Boston,
Massachusetts
|
-$3.58M |
| 5 |
Renaissance Technologies
New York
|
-$3.5M |
CVLG Hedge Fund Activity: Q1 2016 in Review
91 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in Covenant Logistics (CVLG) for Q1 2016, worth a combined $277M — up 33% 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 $277M of Covenant Logistics stock for Q1 2016, up 33% 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.