Covenant Logistics
CVLG
133 hedge funds and large institutions have $226M invested in Covenant Logistics in 2022 Q4 according to their latest regulatory filings, with 31 funds opening new positions, 42 increasing their positions, 43 reducing their positions, and 9 closing their positions.
244% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 9
175% more call options, than puts
Call options by funds: $1.55M | Put options by funds: $563K
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
19% more funds holding
Funds holding: 112 → 133 (+21)
4% more capital invested
Capital invested by funds: $218M → $226M (+$8.46M)
2% less repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 43
7.72% less ownership
Funds ownership: 125.57% → 117.85% (-7.7%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$4.88M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$2.52M |
| 3 |
Bank of New York Mellon
New York
|
+$1.71M |
| 4 |
PAMG
Patton Albertson Miller Group
Chattanooga,
Tennessee
|
+$1.41M |
| 5 |
Morgan Stanley
New York
|
+$1.12M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FHA
First Horizon Advisors
Memphis,
Tennessee
|
-$5.9M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
-$4.19M |
| 3 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
-$2.75M |
| 4 |
Acadian Asset Management
Boston,
Massachusetts
|
-$1.98M |
| 5 |
Russell Investments Group
London,
United Kingdom
|
-$1.66M |
CVLG Hedge Fund Activity: Q4 2022 in Review
133 of the 6,237 institutional investors tracked by Wall St. Rank reported a position in Covenant Logistics (CVLG) for Q4 2022, worth a combined $226M — up 3.9% from $218M a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new CVLG positions and 9 closed out — a net gain of 22 holders — while 42 added to existing stakes and 43 trimmed.
The largest buyer was Millennium Management, adding an estimated $4.88M. The largest seller was First Horizon Advisors, cutting an estimated $5.9M.
- 133 institutional investors held Covenant Logistics (CVLG) as of Q4 2022, up from 112 in Q3 2022.
- Funds reported $226M of Covenant Logistics stock for Q4 2022, up 3.9% quarter-over-quarter.
- 31 funds opened new Covenant Logistics positions in Q4 2022 and 9 closed out, a net change of +22 holders.
- The largest Covenant Logistics buyer in Q4 2022 was Millennium Management, an estimated $4.88M added.
- The largest Covenant Logistics seller in Q4 2022 was First Horizon Advisors, an estimated $5.9M sold.
Based on aggregated 13F filings for Q4 2022.