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Covenant Logistics
CVLG

80 hedge funds and large institutions have $216M invested in Covenant Logistics in 2017 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 31 increasing their positions, 24 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

29% more repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 24

3.48% more ownership

Funds ownership: 141.2% → 144.68% (+3.5%)

0% less capital invested

Capital invested by funds: $217M → $216M (-$474K)

11% less funds holding

Funds holding: 90 → 80 (-10)

31% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 13

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $1.27M

Holders
80
Holders Change
-10
Holders Change %
-11.11%
% of All Funds
1.99%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
31
Reduced
24
Closed
13
Calls
–
Puts
$1.27M
Net Calls
-$1.27M
Net Calls Change
-$1.27M

Top Buyers

1
BlackRock
BlackRock
New York
+$16.3M
2
RCMC
RK Capital Management (Colorado)
Colorado
+$6.84M
3
KCM
Kennedy Capital Management
Missouri
+$6.8M
4
GC
Guggenheim Capital
Illinois
+$5.11M
5
Wellington Management Group
Wellington Management Group
Massachusetts
+$4.86M

Top Sellers

1
JIR
James Investment Research
Ohio
-$5.19M
2
PCM
Portolan Capital Management
Massachusetts
-$4.31M
3
PCM
Penn Capital Management
Pennsylvania
-$3.61M
4
Alyeska Investment Group
Alyeska Investment Group
Illinois
-$3.05M
5
DCM
Driehaus Capital Management
Illinois
-$2.77M
Name Holding Trade Value Shares
Change 		Change in
Stake
Dimensional Fund Advisors
1
Dimensional Fund Advisors
Texas
$25.1M -$148K -15,034 -0.6%
AllianceBernstein
2
AllianceBernstein
Tennessee
$24.9M +$2.3M +233,840 +10%
HA
3
Homestead Advisers
Virginia
$16M – – –
BlackRock
4
BlackRock
New York
$15.6M +$16.3M +1,655,918 +31,244%
Vanguard Group
5
Vanguard Group
Pennsylvania
$9.89M +$1.17M +118,398 +13%
Fidelity Investments
6
Fidelity Investments
Massachusetts
$8.7M +$33.5K +3,400 +0.4%
MOACM
7
Mutual of America Capital Management
New York
$7.89M -$90.5K -9,180 -1%
GC
8
Guggenheim Capital
Illinois
$7.77M +$5.11M +518,396 +168%
Wellington Management Group
9
Wellington Management Group
Massachusetts
$7.02M +$4.86M +493,170 +194%
RCMC
10
RK Capital Management (Colorado)
Colorado
$6.52M +$6.84M +693,796 New
KCM
11
Kennedy Capital Management
Missouri
$6.48M +$6.8M +689,660 New
NIM
12
NXG Investment Management
Texas
$6.05M +$1.37M +139,422 +28%
PCM
13
Penn Capital Management
Pennsylvania
$5.96M -$3.61M -365,758 -37%
CAM
14
Cortina Asset Management
Wisconsin
$5.73M -$346K -35,132 -5%
NCGI
15
Next Century Growth Investors
Minnesota
$4.86M -$909K -92,260 -15%
FP
16
Foundry Partners
Minnesota
$4.69M +$14.8K +1,500 +0.3%
Russell Investments Group
17
Russell Investments Group
United Kingdom
$3.81M +$200K +20,274 +5%
BCM
18
Bridgeway Capital Management
Texas
$3.67M – – –
State Street
19
State Street
Massachusetts
$3.49M +$211K +21,364 +6%
WMSA
20
Weiss Multi-Strategy Advisers
New York
$3.33M +$1.96M +199,236 +129%
PC
21
Pier Capital
Connecticut
$3.06M +$11.2K +1,132 +0.3%
Northern Trust
22
Northern Trust
Illinois
$2.73M +$30.5K +3,096 +1%
HCM
23
Hodges Capital Management
Texas
$1.91M +$426K +43,210 +27%
Geode Capital Management
24
Geode Capital Management
Massachusetts
$1.88M +$80.2K +8,136 +4%
PGCM
25
Prescott Group Capital Management
Oklahoma
$1.86M – – –
1
2 3 4

CVLG Hedge Fund Activity: Q1 2017 in Review

80 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Covenant Logistics (CVLG) for Q1 2017, worth a combined $216M — down 0.22% from $217M a quarter earlier.

Sellers outnumbered buyers: 13 funds closed out of CVLG and 9 opened new positions — a net loss of 4 holders — while 24 trimmed existing stakes and 31 added.

The largest buyer was BlackRock, adding an estimated $16.3M. The largest seller was James Investment Research, exiting entirely with an estimated $5.19M sold.

  • 80 institutional investors held Covenant Logistics (CVLG) as of Q1 2017, down from 90 in Q4 2016.
  • Funds reported $216M of Covenant Logistics stock for Q1 2017, down 0.22% quarter-over-quarter.
  • 9 funds opened new Covenant Logistics positions in Q1 2017 and 13 closed out, a net change of -4 holders.
  • The largest Covenant Logistics buyer in Q1 2017 was BlackRock, an estimated $16.3M added.
  • The largest Covenant Logistics seller in Q1 2017 was James Investment Research, an estimated $5.19M sold.

Based on aggregated 13F filings for Q1 2017.