Covenant Logistics
CVLG
81 hedge funds and large institutions have $175M invested in Covenant Logistics in 2021 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 26 increasing their positions, 30 reducing their positions, and 12 closing their positions.
2% less capital invested
Capital invested by funds: $178M → $175M (-$3.42M)
2.43% less ownership
Funds ownership: 119.7% → 117.27% (-2.4%)
4% less funds holding
Funds holding: 84 → 81 (-3)
13% less repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 30
25% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 12
94% less call options, than puts
Call options by funds: $20K | Put options by funds: $327K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Russell Investments Group
London,
United Kingdom
|
+$2.28M |
| 2 |
BlackRock
New York
|
+$956K |
| 3 |
Acadian Asset Management
Boston,
Massachusetts
|
+$869K |
| 4 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
+$723K |
| 5 |
Goldman Sachs
New York
|
+$646K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$2.62M |
| 2 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
-$1.56M |
| 3 |
SAM
Scopus Asset Management
New York
|
-$1.41M |
| 4 |
FP
Foundry Partners
Minneapolis,
Minnesota
|
-$1.21M |
| 5 |
Two Sigma Investments
New York
|
-$800K |
CVLG Hedge Fund Activity: Q2 2021 in Review
81 of the 5,767 institutional investors tracked by Wall St. Rank reported a position in Covenant Logistics (CVLG) for Q2 2021, worth a combined $175M — down 1.9% from $178M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of CVLG and 9 opened new positions — a net loss of 3 holders — while 30 trimmed existing stakes and 26 added.
The largest buyer was Russell Investments Group, adding an estimated $2.28M. The largest seller was Morgan Stanley, cutting an estimated $2.62M.
- 81 institutional investors held Covenant Logistics (CVLG) as of Q2 2021, down from 84 in Q1 2021.
- Funds reported $175M of Covenant Logistics stock for Q2 2021, down 1.9% quarter-over-quarter.
- 9 funds opened new Covenant Logistics positions in Q2 2021 and 12 closed out, a net change of -3 holders.
- The largest Covenant Logistics buyer in Q2 2021 was Russell Investments Group, an estimated $2.28M added.
- The largest Covenant Logistics seller in Q2 2021 was Morgan Stanley, an estimated $2.62M sold.
Based on aggregated 13F filings for Q2 2021.