Covenant Logistics
CVLG
96 hedge funds and large institutions have $335M invested in Covenant Logistics in 2017 Q3 according to their latest regulatory filings, with 23 funds opening new positions, 25 increasing their positions, 29 reducing their positions, and 5 closing their positions.
360% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 5
23% more funds holding
Funds holding: 78 → 96 (+18)
19% more capital inflows, than outflows
Capital inflows: $46.9M | Capital outflows: $39.4M
1.26% more ownership
Funds ownership: 71.31% → 72.57% (+1.3%)
14% less repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 29
34% less call options, than puts
Call options by funds: $310K | Put options by funds: $472K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of New York Mellon
New York
|
+$9.76M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$8.58M |
| 3 |
SAM
Scopus Asset Management
New York
|
+$7.44M |
| 4 |
AAM
ACK Asset Management
Greenwich,
Connecticut
|
+$3.18M |
| 5 |
PCM
Portolan Capital Management
Boston,
Massachusetts
|
+$3.15M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAM
Cortina Asset Management
Milwaukee,
Wisconsin
|
-$6.22M |
| 2 |
MOACM
Mutual of America Capital Management
New York
|
-$4.99M |
| 3 |
NIM
NXG Investment Management
Dallas,
Texas
|
-$4.3M |
| 4 |
RCMC
RK Capital Management (Colorado)
Denver,
Colorado
|
-$3.83M |
| 5 |
AllianceBernstein
Nashville,
Tennessee
|
-$2.9M |
CVLG Hedge Fund Activity: Q3 2017 in Review
96 of the 4,023 institutional investors tracked by Wall St. Rank reported a position in Covenant Logistics (CVLG) for Q3 2017, worth a combined $335M — up 68% from $199M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new CVLG positions and 5 closed out — a net gain of 18 holders — while 25 added to existing stakes and 29 trimmed.
The largest buyer was Bank of New York Mellon, adding an estimated $9.76M. The largest seller was Cortina Asset Management, exiting entirely with an estimated $6.22M sold.
- 96 institutional investors held Covenant Logistics (CVLG) as of Q3 2017, up from 78 in Q2 2017.
- Funds reported $335M of Covenant Logistics stock for Q3 2017, up 68% quarter-over-quarter.
- 23 funds opened new Covenant Logistics positions in Q3 2017 and 5 closed out, a net change of +18 holders.
- The largest Covenant Logistics buyer in Q3 2017 was Bank of New York Mellon, an estimated $9.76M added.
- The largest Covenant Logistics seller in Q3 2017 was Cortina Asset Management, an estimated $6.22M sold.
Based on aggregated 13F filings for Q3 2017.