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Covenant Logistics
CVLG

129 hedge funds and large institutions have $226M invested in Covenant Logistics in 2018 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 57 increasing their positions, 37 reducing their positions, and 26 closing their positions.

New
Increased
Maintained
Reduced
Closed

54% more repeat investments, than reductions

Existing positions increased: 57 | Existing positions reduced: 37

0.73% more ownership

Funds ownership: 146.54% → 147.27% (+0.73%)

8% less first-time investments, than exits

New positions opened: 24 | Existing positions closed: 26

2% less funds holding

Funds holding: 131 → 129 (-2)

34% less capital invested

Capital invested by funds: $340M → $226M (-$114M)

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $949K

Holders
129
Holders Change
-2
Holders Change %
-1.53%
% of All Funds
2.87%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
24
Increased
57
Reduced
37
Closed
26
Calls
–
Puts
$949K
Net Calls
-$949K
Net Calls Change
-$573K

Top Buyers

1
AL
AJO LP
Pennsylvania
+$3.63M
2
HA
Homestead Advisers
Virginia
+$3.32M
3
Marshall Wace
Marshall Wace
United Kingdom
+$2.34M
4
LSV Asset Management
LSV Asset Management
Illinois
+$2.31M
5
Millennium Management
Millennium Management
New York
+$1.76M

Top Sellers

1
SCM
Sandler Capital Management
New York
-$6.89M
2
HCM
Hodges Capital Management
Texas
-$5.38M
3
NCGI
Next Century Growth Investors
Minnesota
-$4M
4
1SAMC
12th Street Asset Management Company
Tennessee
-$3.4M
5
Wells Fargo
Wells Fargo
California
-$2.95M
Name Holding Trade Value Shares
Change 		Change in
Stake
Dimensional Fund Advisors
1
Dimensional Fund Advisors
Texas
$26.2M -$319K -27,202 -1%
HA
2
Homestead Advisers
Virginia
$23.8M +$3.32M +283,440 +13%
BlackRock
3
BlackRock
New York
$19.4M +$1.71M +145,866 +8%
Ameriprise
4
Ameriprise
Minnesota
$13.8M +$562K +47,946 +3%
AllianceBernstein
5
AllianceBernstein
Tennessee
$11.8M -$326K -27,800 -2%
Vanguard Group
6
Vanguard Group
Pennsylvania
$10.8M +$464K +39,628 +4%
AQR Capital Management
7
AQR Capital Management
Connecticut
$4.59M -$1M -85,450 -15%
State Street
8
State Street
Massachusetts
$4.58M -$725K -61,900 -11%
RIM
9
Ranger Investment Management
Texas
$4.16M +$1.27M +107,994 +33%
Wells Fargo
10
Wells Fargo
California
$3.87M -$2.95M -251,484 -38%
Two Sigma Advisers
11
Two Sigma Advisers
New York
$3.74M +$422K +36,000 +10%
PCM
12
Penn Capital Management
Pennsylvania
$3.37M +$963K +82,204 +31%
JP Morgan Chase
13
JP Morgan Chase
New York
$3.22M +$205K +17,504 +6%
Millennium Management
14
Millennium Management
New York
$3.21M +$1.76M +150,256 +82%
Northern Trust
15
Northern Trust
Illinois
$3.18M -$71.6K -6,108 -2%
FP
16
Foundry Partners
Minnesota
$3.12M -$1.03M -88,000 -21%
AL
17
AJO LP
Pennsylvania
$2.97M +$3.63M +309,788 New
PAM
18
Panagora Asset Management
Massachusetts
$2.84M +$1.04M +88,332 +43%
Geode Capital Management
19
Geode Capital Management
Massachusetts
$2.83M +$494K +42,172 +17%
Two Sigma Investments
20
Two Sigma Investments
New York
$2.7M -$183K -15,582 -5%
BCM
21
Bridgeway Capital Management
Texas
$2.62M -$893K -76,200 -22%
Prudential Financial
22
Prudential Financial
New Jersey
$2.41M +$1.66M +141,634 +129%
Allianz Asset Management
23
Allianz Asset Management
Germany
$2.37M -$826K -70,436 -22%
TCIM
24
TIAA CREF Investment Management
New York
$2.29M -$206K -17,560 -7%
Marshall Wace
25
Marshall Wace
United Kingdom
$1.92M +$2.34M +199,606 New
1
2 3 4 5

CVLG Hedge Fund Activity: Q4 2018 in Review

129 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Covenant Logistics (CVLG) for Q4 2018, worth a combined $226M — down 34% from $340M a quarter earlier.

Sellers outnumbered buyers: 26 funds closed out of CVLG and 24 opened new positions — a net loss of 2 holders — while 37 trimmed existing stakes and 57 added.

The largest buyer was AJO LP, opening a new position worth an estimated $3.63M. The largest seller was Sandler Capital Management, exiting entirely with an estimated $6.89M sold.

  • 129 institutional investors held Covenant Logistics (CVLG) as of Q4 2018, down from 131 in Q3 2018.
  • Funds reported $226M of Covenant Logistics stock for Q4 2018, down 34% quarter-over-quarter.
  • 24 funds opened new Covenant Logistics positions in Q4 2018 and 26 closed out, a net change of -2 holders.
  • The largest Covenant Logistics buyer in Q4 2018 was AJO LP, an estimated $3.63M added.
  • The largest Covenant Logistics seller in Q4 2018 was Sandler Capital Management, an estimated $6.89M sold.

Based on aggregated 13F filings for Q4 2018.