Covenant Logistics
CVLG
81 hedge funds and large institutions have $127M invested in Covenant Logistics in 2020 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 27 increasing their positions, 30 reducing their positions, and 20 closing their positions.
105% more call options, than puts
Call options by funds: $354K | Put options by funds: $173K
47% more capital invested
Capital invested by funds: $86.1M → $127M (+$40.7M)
6.86% less ownership
Funds ownership: 122.76% → 115.9% (-6.9%)
7% less funds holding
Funds holding: 87 → 81 (-6)
10% less repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 30
25% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penn Capital Management
Philadelphia,
Pennsylvania
|
+$1.95M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$1.66M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$737K |
| 4 |
FHA
First Horizon Advisors
Memphis,
Tennessee
|
+$693K |
| 5 |
Renaissance Technologies
New York
|
+$600K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
-$5.82M |
| 2 |
WMSA
Weiss Multi-Strategy Advisers
New York
|
-$4.86M |
| 3 |
LSV Asset Management
Chicago,
Illinois
|
-$2.26M |
| 4 |
RIM
Ranger Investment Management
Dallas,
Texas
|
-$1.88M |
| 5 |
Russell Investments Group
London,
United Kingdom
|
-$1.62M |
CVLG Hedge Fund Activity: Q2 2020 in Review
81 of the 4,888 institutional investors tracked by Wall St. Rank reported a position in Covenant Logistics (CVLG) for Q2 2020, worth a combined $127M — up 47% from $86.1M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of CVLG and 15 opened new positions — a net loss of 5 holders — while 30 trimmed existing stakes and 27 added.
The largest buyer was Penn Capital Management, opening a new position worth an estimated $1.95M. The largest seller was AllianceBernstein, cutting an estimated $5.82M.
- 81 institutional investors held Covenant Logistics (CVLG) as of Q2 2020, down from 87 in Q1 2020.
- Funds reported $127M of Covenant Logistics stock for Q2 2020, up 47% quarter-over-quarter.
- 15 funds opened new Covenant Logistics positions in Q2 2020 and 20 closed out, a net change of -5 holders.
- The largest Covenant Logistics buyer in Q2 2020 was Penn Capital Management, an estimated $1.95M added.
- The largest Covenant Logistics seller in Q2 2020 was AllianceBernstein, an estimated $5.82M sold.
Based on aggregated 13F filings for Q2 2020.