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Covenant Logistics

90 hedge funds and large institutions have $192M invested in Covenant Logistics in 2019 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 35 increasing their positions, 31 reducing their positions, and 27 closing their positions.

New
Increased
Maintained
Reduced
Closed

13% more repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 31

12% more capital invested

Capital invested by funds: $172M → $192M (+$20.1M)

1.07% less ownership

Funds ownership: 146.21%145.14% (-1.1%)

17% less funds holding

Funds holding: 10890 (-18)

67% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 27

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $460K

Holders
90
Holders Change
-18
Holders Change %
-16.67%
% of All Funds
1.97%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
9
Increased
35
Reduced
31
Closed
27
Calls
Puts
$460K
Net Calls
-$460K
Net Calls Change
-$1.03M
Name Holding Trade Value Shares
Change
Change in
Stake
BlackRock
1
BlackRock
New York
$23.2M +$4.65M +604,270 +27%
Dimensional Fund Advisors
2
Dimensional Fund Advisors
Texas
$22.1M +$3.43K +446 +0%
Ameriprise
3
Ameriprise
Minnesota
$17.9M +$4.64M +602,962 +38%
LSV Asset Management
4
LSV Asset Management
Illinois
$12M -$78.5K -10,200 -0.7%
Vanguard Group
5
Vanguard Group
Pennsylvania
$11.1M +$202K +26,288 +2%
AllianceBernstein
6
AllianceBernstein
Tennessee
$10.2M -$193K -25,060 -2%
Hotchkis & Wiley Capital Management
7
Hotchkis & Wiley Capital Management
California
$4.81M +$34.6K +4,500 +0.8%
D.E. Shaw & Co
8
D.E. Shaw & Co
New York
$4.43M +$559K +72,646 +16%
RIM
9
Ranger Investment Management
Texas
$4.3M +$149K +19,312 +4%
Russell Investments Group
10
Russell Investments Group
United Kingdom
$4.05M +$3.1M +402,664 +444%
State Street
11
State Street
Massachusetts
$3.92M -$186K -24,212 -5%
WMSA
12
Weiss Multi-Strategy Advisers
New York
$3.47M -$379K -49,288 -10%
AQR Capital Management
13
AQR Capital Management
Connecticut
$3.38M +$211K +27,470 +7%
JP Morgan Chase
14
JP Morgan Chase
New York
$3.28M +$652K +84,686 +27%
PAM
15
Panagora Asset Management
Massachusetts
$3.27M -$680K -88,354 -18%
BCM
16
Bridgeway Capital Management
Texas
$2.97M +$770K +100,000 +38%
SAM
17
Scopus Asset Management
New York
$2.86M +$2.68M +348,444 New
Northern Trust
18
Northern Trust
Illinois
$2.83M +$126K +16,426 +5%
Geode Capital Management
19
Geode Capital Management
Massachusetts
$2.81M -$37K -4,804 -1%
BCM
20
Basswood Capital Management
New York
$2.63M +$1.22M +158,268 +98%
Two Sigma Advisers
21
Two Sigma Advisers
New York
$2.61M -$326K -42,400 -12%
Prudential Financial
22
Prudential Financial
New Jersey
$2.32M -$789K -102,550 -27%
FHA
23
First Horizon Advisors
Tennessee
$2.3M +$154K +20,000 +8%
FP
24
Foundry Partners
Minnesota
$2.13M +$2M +259,550 New
N
25
Nuveen
North Carolina
$2.05M -$1.48M -192,924 -44%

CVLG Hedge Fund Activity: Q3 2019 in Review

90 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Covenant Logistics (CVLG) for Q3 2019, worth a combined $192M — up 12% from $172M a quarter earlier.

Sellers outnumbered buyers: 27 funds closed out of CVLG and 9 opened new positions — a net loss of 18 holders — while 31 trimmed existing stakes and 35 added.

The largest buyer was BlackRock, adding an estimated $4.65M. The largest seller was Homestead Advisers, exiting entirely with an estimated $5.52M sold.

  • 90 institutional investors held Covenant Logistics (CVLG) as of Q3 2019, down from 108 in Q2 2019.
  • Funds reported $192M of Covenant Logistics stock for Q3 2019, up 12% quarter-over-quarter.
  • 9 funds opened new Covenant Logistics positions in Q3 2019 and 27 closed out, a net change of -18 holders.
  • The largest Covenant Logistics buyer in Q3 2019 was BlackRock, an estimated $4.65M added.
  • The largest Covenant Logistics seller in Q3 2019 was Homestead Advisers, an estimated $5.52M sold.

Based on aggregated 13F filings for Q3 2019.