Covenant Logistics
CVLG
123 hedge funds and large institutions have $346M invested in Covenant Logistics in 2018 Q1 according to their latest regulatory filings, with 28 funds opening new positions, 40 increasing their positions, 39 reducing their positions, and 16 closing their positions.
75% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 16
8% more funds holding
Funds holding: 114 → 123 (+9)
4% more capital invested
Capital invested by funds: $332M → $346M (+$13.6M)
3% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 39
0.01% less ownership
Funds ownership: 145.16% → 145.15% (-0.01%)
55% less call options, than puts
Call options by funds: $1.33M | Put options by funds: $2.95M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Portolan Capital Management
Boston,
Massachusetts
|
+$5.83M |
| 2 |
JP Morgan Chase
New York
|
+$5.55M |
| 3 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
+$4.21M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$3.65M |
| 5 |
1SAMC
12th Street Asset Management Company
Nashville,
Tennessee
|
+$2.43M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$4.75M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$4.47M |
| 3 |
PCM
Penn Capital Management
Philadelphia,
Pennsylvania
|
-$4.23M |
| 4 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
-$3.9M |
| 5 |
AllianceBernstein
Nashville,
Tennessee
|
-$2.94M |
CVLG Hedge Fund Activity: Q1 2018 in Review
123 of the 4,373 institutional investors tracked by Wall St. Rank reported a position in Covenant Logistics (CVLG) for Q1 2018, worth a combined $346M — up 4.1% from $332M a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new CVLG positions and 16 closed out — a net gain of 12 holders — while 40 added to existing stakes and 39 trimmed.
The largest buyer was Portolan Capital Management, adding an estimated $5.83M. The largest seller was Guggenheim Capital, cutting an estimated $4.75M.
- 123 institutional investors held Covenant Logistics (CVLG) as of Q1 2018, up from 114 in Q4 2017.
- Funds reported $346M of Covenant Logistics stock for Q1 2018, up 4.1% quarter-over-quarter.
- 28 funds opened new Covenant Logistics positions in Q1 2018 and 16 closed out, a net change of +12 holders.
- The largest Covenant Logistics buyer in Q1 2018 was Portolan Capital Management, an estimated $5.83M added.
- The largest Covenant Logistics seller in Q1 2018 was Guggenheim Capital, an estimated $4.75M sold.
Based on aggregated 13F filings for Q1 2018.