Covenant Logistics
CVLG
87 hedge funds and large institutions have $86.1M invested in Covenant Logistics in 2020 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 26 increasing their positions, 38 reducing their positions, and 9 closing their positions.
67% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 9
6% more funds holding
Funds holding: 82 → 87 (+5)
23.88% less ownership
Funds ownership: 146.64% → 122.76% (-24%)
32% less repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 38
44% less capital invested
Capital invested by funds: $153M → $86.1M (-$66.6M)
95% less call options, than puts
Call options by funds: $1K | Put options by funds: $21K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAM
Scopus Asset Management
New York
|
+$3.02M |
| 2 |
Russell Investments Group
London,
United Kingdom
|
+$2.28M |
| 3 |
Millennium Management
New York
|
+$1.55M |
| 4 |
DTL
Dynamic Technology Lab
Singapore
|
+$488K |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$383K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
-$12.6M |
| 2 |
LSV Asset Management
Chicago,
Illinois
|
-$4.58M |
| 3 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
-$2.01M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$1.88M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
-$1.7M |
CVLG Hedge Fund Activity: Q1 2020 in Review
87 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in Covenant Logistics (CVLG) for Q1 2020, worth a combined $86.1M — down 44% from $153M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new CVLG positions and 9 closed out — a net gain of 6 holders — while 26 added to existing stakes and 38 trimmed.
The largest buyer was Scopus Asset Management, adding an estimated $3.02M. The largest seller was Ameriprise, cutting an estimated $12.6M.
- 87 institutional investors held Covenant Logistics (CVLG) as of Q1 2020, up from 82 in Q4 2019.
- Funds reported $86.1M of Covenant Logistics stock for Q1 2020, down 44% quarter-over-quarter.
- 15 funds opened new Covenant Logistics positions in Q1 2020 and 9 closed out, a net change of +6 holders.
- The largest Covenant Logistics buyer in Q1 2020 was Scopus Asset Management, an estimated $3.02M added.
- The largest Covenant Logistics seller in Q1 2020 was Ameriprise, an estimated $12.6M sold.
Based on aggregated 13F filings for Q1 2020.