Covenant Logistics
CVLG
83 hedge funds and large institutions have $158M invested in Covenant Logistics in 2020 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 21 increasing their positions, 43 reducing their positions, and 12 closing their positions.
25% more capital invested
Capital invested by funds: $127M → $158M (+$31.3M)
17% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 12
6.35% more ownership
Funds ownership: 115.9% → 122.25% (+6.3%)
2% more funds holding
Funds holding: 81 → 83 (+2)
51% less repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 43
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAM
Scopus Asset Management
New York
|
+$4.67M |
| 2 |
MPAM
Monarch Partners Asset Management
Boston,
Massachusetts
|
+$4.37M |
| 3 |
TCM
Tygh Capital Management
Portland,
Oregon
|
+$3.87M |
| 4 |
NCGI
Next Century Growth Investors
Plymouth,
Minnesota
|
+$3.4M |
| 5 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$2.64M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
-$5.69M |
| 2 |
PCM
Penn Capital Management
Philadelphia,
Pennsylvania
|
-$2.76M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$2.72M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$1.95M |
| 5 |
BlackRock
New York
|
-$1.95M |
CVLG Hedge Fund Activity: Q3 2020 in Review
83 of the 4,970 institutional investors tracked by Wall St. Rank reported a position in Covenant Logistics (CVLG) for Q3 2020, worth a combined $158M — up 25% from $127M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new CVLG positions and 12 closed out — a net gain of 2 holders — while 21 added to existing stakes and 43 trimmed.
The largest buyer was Scopus Asset Management, adding an estimated $4.67M. The largest seller was Hotchkis & Wiley Capital Management, exiting entirely with an estimated $5.69M sold.
- 83 institutional investors held Covenant Logistics (CVLG) as of Q3 2020, up from 81 in Q2 2020.
- Funds reported $158M of Covenant Logistics stock for Q3 2020, up 25% quarter-over-quarter.
- 14 funds opened new Covenant Logistics positions in Q3 2020 and 12 closed out, a net change of +2 holders.
- The largest Covenant Logistics buyer in Q3 2020 was Scopus Asset Management, an estimated $4.67M added.
- The largest Covenant Logistics seller in Q3 2020 was Hotchkis & Wiley Capital Management, an estimated $5.69M sold.
Based on aggregated 13F filings for Q3 2020.