Covenant Logistics
CVLG
114 hedge funds and large institutions have $332M invested in Covenant Logistics in 2017 Q4 according to their latest regulatory filings, with 31 funds opening new positions, 45 increasing their positions, 26 reducing their positions, and 13 closing their positions.
138% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 13
73% more repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 26
19% more funds holding
Funds holding: 96 → 114 (+18)
0.02% more ownership
Funds ownership: 145.14% → 145.16% (+0.02%)
1% less capital invested
Capital invested by funds: $335M → $332M (-$2.81M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$9.22M |
| 2 |
AAM
ACK Asset Management
Greenwich,
Connecticut
|
+$5.24M |
| 3 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
+$3.9M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$3.29M |
| 5 |
Morgan Stanley
New York
|
+$2.67M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of New York Mellon
New York
|
-$12.5M |
| 2 |
SAM
Scopus Asset Management
New York
|
-$7.12M |
| 3 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$5.86M |
| 4 |
MOACM
Mutual of America Capital Management
New York
|
-$3.84M |
| 5 |
PCM
Portolan Capital Management
Boston,
Massachusetts
|
-$3.62M |
CVLG Hedge Fund Activity: Q4 2017 in Review
114 of the 4,419 institutional investors tracked by Wall St. Rank reported a position in Covenant Logistics (CVLG) for Q4 2017, worth a combined $332M — down 0.84% from $335M a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new CVLG positions and 13 closed out — a net gain of 18 holders — while 45 added to existing stakes and 26 trimmed.
The largest buyer was Millennium Management, opening a new position worth an estimated $9.22M. The largest seller was Bank of New York Mellon, cutting an estimated $12.5M.
- 114 institutional investors held Covenant Logistics (CVLG) as of Q4 2017, up from 96 in Q3 2017.
- Funds reported $332M of Covenant Logistics stock for Q4 2017, down 0.84% quarter-over-quarter.
- 31 funds opened new Covenant Logistics positions in Q4 2017 and 13 closed out, a net change of +18 holders.
- The largest Covenant Logistics buyer in Q4 2017 was Millennium Management, an estimated $9.22M added.
- The largest Covenant Logistics seller in Q4 2017 was Bank of New York Mellon, an estimated $12.5M sold.
Based on aggregated 13F filings for Q4 2017.