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Covenant Logistics
CVLG

116 hedge funds and large institutions have $259M invested in Covenant Logistics in 2023 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 37 increasing their positions, 46 reducing their positions, and 32 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,128% more call options, than puts

Call options by funds: $737K | Put options by funds: $60K

14% more capital invested

Capital invested by funds: $227M → $259M (+$32M)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0.53% less ownership

Funds ownership: 134.97% → 134.45% (-0.53%)

13% less funds holding

Funds holding: 134 → 116 (-18)

20% less repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 46

56% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 32

Holders
116
Holders Change
-18
Holders Change %
-13.43%
% of All Funds
1.85%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
14
Increased
37
Reduced
46
Closed
32
Calls
$737K
Puts
$60K
Net Calls
+$677K
Net Calls Change
-$308K

Top Buyers

1
SAM
Scopus Asset Management
New York
+$9.79M
2
FP
Foundry Partners
Minnesota
+$2.78M
3
Millennium Management
Millennium Management
New York
+$2M
4
Goldman Sachs
Goldman Sachs
New York
+$958K
5
Renaissance Technologies
Renaissance Technologies
New York
+$955K

Top Sellers

1
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
-$2.6M
2
EI
EAM Investors
California
-$2.14M
3
FHA
First Horizon Advisors
Tennessee
-$2.12M
4
JP Morgan Chase
JP Morgan Chase
New York
-$1.88M
5
HIM
Hillsdale Investment Management
Ontario, Canada
-$1.67M
Name Holding Trade Value Shares
Change 		Change in
Stake
BlackRock
1
BlackRock
New York
$44.9M -$849K -49,066 -2%
Dimensional Fund Advisors
2
Dimensional Fund Advisors
Texas
$31.1M -$2.6M -150,194 -8%
LSV Asset Management
3
LSV Asset Management
Illinois
$16.5M -$31.1K -1,800 -0.2%
Vanguard Group
4
Vanguard Group
Pennsylvania
$15.8M -$134K -7,770 -0.9%
Acadian Asset Management
5
Acadian Asset Management
Massachusetts
$12.3M +$126K +7,288 +1%
State Street
6
State Street
Massachusetts
$11.5M -$335K -19,380 -3%
PAMG
7
Patton Albertson Miller Group
Tennessee
$10M – – –
SAM
8
Scopus Asset Management
New York
$10M +$9.79M +565,762 New
Millennium Management
9
Millennium Management
New York
$7.98M +$2M +115,340 +34%
Jacobs Levy Equity Management
10
Jacobs Levy Equity Management
New Jersey
$7.49M -$804K -46,456 -10%
Geode Capital Management
11
Geode Capital Management
Massachusetts
$6.21M +$162K +9,346 +3%
BCM
12
Bridgeway Capital Management
Texas
$5.66M -$141K -8,170 -2%
Charles Schwab
13
Charles Schwab
California
$4.69M -$192K -11,098 -4%
Bank of New York Mellon
14
Bank of New York Mellon
New York
$4.66M -$105K -6,076 -2%
AQR Capital Management
15
AQR Capital Management
Connecticut
$4.49M +$21.4K +1,236 +0.5%
American Century Companies
16
American Century Companies
Missouri
$4.12M +$326K +18,858 +9%
Invesco
17
Invesco
Georgia
$3.81M -$566K -32,708 -13%
Northern Trust
18
Northern Trust
Illinois
$3.2M -$57.7K -3,334 -2%
ETM
19
Euclidean Technologies Management
Washington
$3.19M – – –
FP
20
Foundry Partners
Minnesota
$2.85M +$2.78M +160,766 New
OSAM
21
O'Shaughnessy Asset Management
Connecticut
$2.64M +$445K +25,724 +21%
HIM
22
Hillsdale Investment Management
Ontario, Canada
$2.62M -$1.67M -96,400 -39%
Macquarie Group
23
Macquarie Group
Australia
$2.09M – – –
Goldman Sachs
24
Goldman Sachs
New York
$1.99M +$958K +55,372 +97%
Prudential Financial
25
Prudential Financial
New Jersey
$1.89M -$197K -11,400 -10%
1
2 3 4 5

CVLG Hedge Fund Activity: Q1 2023 in Review

116 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Covenant Logistics (CVLG) for Q1 2023, worth a combined $259M — up 14% from $227M a quarter earlier.

Sellers outnumbered buyers: 32 funds closed out of CVLG and 14 opened new positions — a net loss of 18 holders — while 46 trimmed existing stakes and 37 added.

The largest buyer was Scopus Asset Management, opening a new position worth an estimated $9.79M. The largest seller was Dimensional Fund Advisors, cutting an estimated $2.6M.

  • 116 institutional investors held Covenant Logistics (CVLG) as of Q1 2023, down from 134 in Q4 2022.
  • Funds reported $259M of Covenant Logistics stock for Q1 2023, up 14% quarter-over-quarter.
  • 14 funds opened new Covenant Logistics positions in Q1 2023 and 32 closed out, a net change of -18 holders.
  • The largest Covenant Logistics buyer in Q1 2023 was Scopus Asset Management, an estimated $9.79M added.
  • The largest Covenant Logistics seller in Q1 2023 was Dimensional Fund Advisors, an estimated $2.6M sold.

Based on aggregated 13F filings for Q1 2023.