Covenant Logistics
CVLG
78 hedge funds and large institutions have $199M invested in Covenant Logistics in 2017 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 29 increasing their positions, 25 reducing their positions, and 11 closing their positions.
16% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 25
9% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 11
2.07% less ownership
Funds ownership: 144.68% → 142.61% (-2.1%)
3% less funds holding
Funds holding: 80 → 78 (-2)
8% less capital invested
Capital invested by funds: $216M → $199M (-$17.4M)
92% less call options, than puts
Call options by funds: $44K | Put options by funds: $526K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Portolan Capital Management
Boston,
Massachusetts
|
+$3.13M |
| 2 |
BCM
Basswood Capital Management
New York
|
+$3.05M |
| 3 |
AllianceBernstein
Nashville,
Tennessee
|
+$2.76M |
| 4 |
NIM
NXG Investment Management
Dallas,
Texas
|
+$2.25M |
| 5 |
PI
Putnam Investments
Boston,
Massachusetts
|
+$1.99M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$6.76M |
| 2 |
PC
Pier Capital
Stamford,
Connecticut
|
-$3.06M |
| 3 |
RCMC
RK Capital Management (Colorado)
Denver,
Colorado
|
-$2.31M |
| 4 |
Russell Investments Group
London,
United Kingdom
|
-$1.78M |
| 5 |
WMSA
Weiss Multi-Strategy Advisers
New York
|
-$1.39M |
CVLG Hedge Fund Activity: Q2 2017 in Review
78 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Covenant Logistics (CVLG) for Q2 2017, worth a combined $199M — down 8% from $216M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of CVLG and 10 opened new positions — a net loss of 1 holder — while 25 trimmed existing stakes and 29 added.
The largest buyer was Portolan Capital Management, opening a new position worth an estimated $3.13M. The largest seller was Fidelity Investments, cutting an estimated $6.76M.
- 78 institutional investors held Covenant Logistics (CVLG) as of Q2 2017, down from 80 in Q1 2017.
- Funds reported $199M of Covenant Logistics stock for Q2 2017, down 8% quarter-over-quarter.
- 10 funds opened new Covenant Logistics positions in Q2 2017 and 11 closed out, a net change of -1 holder.
- The largest Covenant Logistics buyer in Q2 2017 was Portolan Capital Management, an estimated $3.13M added.
- The largest Covenant Logistics seller in Q2 2017 was Fidelity Investments, an estimated $6.76M sold.
Based on aggregated 13F filings for Q2 2017.