Covenant Logistics
CVLG
87 hedge funds and large institutions have $228M invested in Covenant Logistics in 2016 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 28 increasing their positions, 25 reducing their positions, and 10 closing their positions.
30% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 10
12% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 25
5% more capital invested
Capital invested by funds: $217M → $228M (+$11M)
2% more funds holding
Funds holding: 85 → 87 (+2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAM
Cortina Asset Management
Milwaukee,
Wisconsin
|
+$6.37M |
| 2 |
Alyeska Investment Group
Chicago,
Illinois
|
+$3.54M |
| 3 |
PCM
Penn Capital Management
Philadelphia,
Pennsylvania
|
+$3.32M |
| 4 |
NIM
NXG Investment Management
Dallas,
Texas
|
+$2.57M |
| 5 |
Goldman Sachs
New York
|
+$1.79M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAM
Scopus Asset Management
New York
|
-$9M |
| 2 |
SCM
SG Capital Management
Chicago,
Illinois
|
-$6.94M |
| 3 |
WMSA
Weiss Multi-Strategy Advisers
New York
|
-$2.2M |
| 4 |
Renaissance Technologies
New York
|
-$1.91M |
| 5 |
OAM
Oxford Asset Management
Oxford,
United Kingdom
|
-$1.83M |
CVLG Hedge Fund Activity: Q3 2016 in Review
87 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in Covenant Logistics (CVLG) for Q3 2016, worth a combined $228M — up 5.1% from $217M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new CVLG positions and 10 closed out — a net gain of 3 holders — while 28 added to existing stakes and 25 trimmed.
The largest buyer was Cortina Asset Management, opening a new position worth an estimated $6.37M. The largest seller was Scopus Asset Management, cutting an estimated $9M.
- 87 institutional investors held Covenant Logistics (CVLG) as of Q3 2016, up from 85 in Q2 2016.
- Funds reported $228M of Covenant Logistics stock for Q3 2016, up 5.1% quarter-over-quarter.
- 13 funds opened new Covenant Logistics positions in Q3 2016 and 10 closed out, a net change of +3 holders.
- The largest Covenant Logistics buyer in Q3 2016 was Cortina Asset Management, an estimated $6.37M added.
- The largest Covenant Logistics seller in Q3 2016 was Scopus Asset Management, an estimated $9M sold.
Based on aggregated 13F filings for Q3 2016.