Covenant Logistics
CVLG
127 hedge funds and large institutions have $376M invested in Covenant Logistics in 2018 Q2 according to their latest regulatory filings, with 19 funds opening new positions, 62 increasing their positions, 27 reducing their positions, and 13 closing their positions.
781% more call options, than puts
Call options by funds: $3.9M | Put options by funds: $443K
130% more repeat investments, than reductions
Existing positions increased: 62 | Existing positions reduced: 27
46% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 13
9% more capital invested
Capital invested by funds: $346M → $376M (+$30.4M)
5.07% more ownership
Funds ownership: 145.15% → 150.23% (+5.1%)
3% more funds holding
Funds holding: 123 → 127 (+4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$11.3M |
| 2 |
HCM
Hodges Capital Management
Dallas,
Texas
|
+$6.09M |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
+$4.04M |
| 4 |
Millennium Management
New York
|
+$3.87M |
| 5 |
BlackRock
New York
|
+$2.61M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
-$13.3M |
| 2 |
NIM
NXG Investment Management
Dallas,
Texas
|
-$7.19M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$4.46M |
| 4 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$4.1M |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$4.08M |
CVLG Hedge Fund Activity: Q2 2018 in Review
127 of the 4,385 institutional investors tracked by Wall St. Rank reported a position in Covenant Logistics (CVLG) for Q2 2018, worth a combined $376M — up 8.8% from $346M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new CVLG positions and 13 closed out — a net gain of 6 holders — while 62 added to existing stakes and 27 trimmed.
The largest buyer was Wells Fargo, adding an estimated $11.3M. The largest seller was AllianceBernstein, cutting an estimated $13.3M.
- 127 institutional investors held Covenant Logistics (CVLG) as of Q2 2018, up from 123 in Q1 2018.
- Funds reported $376M of Covenant Logistics stock for Q2 2018, up 8.8% quarter-over-quarter.
- 19 funds opened new Covenant Logistics positions in Q2 2018 and 13 closed out, a net change of +6 holders.
- The largest Covenant Logistics buyer in Q2 2018 was Wells Fargo, an estimated $11.3M added.
- The largest Covenant Logistics seller in Q2 2018 was AllianceBernstein, an estimated $13.3M sold.
Based on aggregated 13F filings for Q2 2018.