Covenant Logistics
CVLG
131 hedge funds and large institutions have $340M invested in Covenant Logistics in 2018 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 49 increasing their positions, 49 reducing their positions, and 11 closing their positions.
55% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 11
3% more funds holding
Funds holding: 127 → 131 (+4)
0% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 49
3.68% less ownership
Funds ownership: 150.23% → 146.54% (-3.7%)
10% less capital invested
Capital invested by funds: $376M → $340M (-$35.9M)
39% less call options, than puts
Call options by funds: $580K | Put options by funds: $956K
Top Buyers
Top Sellers
| 1 |
Millennium Management
New York
|
-$10.5M |
| 2 |
PCM
Portolan Capital Management
Boston,
Massachusetts
|
-$9.26M |
| 3 |
AAM
ACK Asset Management
Greenwich,
Connecticut
|
-$4.68M |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
-$2.68M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$2.07M |
CVLG Hedge Fund Activity: Q3 2018 in Review
131 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Covenant Logistics (CVLG) for Q3 2018, worth a combined $340M — down 9.5% from $376M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new CVLG positions and 11 closed out — a net gain of 6 holders — while 49 added to existing stakes and 49 trimmed.
The largest buyer was Homestead Advisers, adding an estimated $7.56M. The largest seller was Millennium Management, cutting an estimated $10.5M.
- 131 institutional investors held Covenant Logistics (CVLG) as of Q3 2018, up from 127 in Q2 2018.
- Funds reported $340M of Covenant Logistics stock for Q3 2018, down 9.5% quarter-over-quarter.
- 17 funds opened new Covenant Logistics positions in Q3 2018 and 11 closed out, a net change of +6 holders.
- The largest Covenant Logistics buyer in Q3 2018 was Homestead Advisers, an estimated $7.56M added.
- The largest Covenant Logistics seller in Q3 2018 was Millennium Management, an estimated $10.5M sold.
Based on aggregated 13F filings for Q3 2018.