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 15 funds opening new positions, 37 increasing their positions, 45 reducing their positions, and 32 closing their positions.
1,128% more call options, than puts
Call options by funds: $737K | Put options by funds: $60K
16.59% more ownership
Funds ownership: 117.85% → 134.45% (+17%)
14% more capital invested
Capital invested by funds: $226M → $259M (+$32.3M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
13% less funds holding
Funds holding: 133 → 116 (-17)
18% less repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 45
53% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 32
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAM
Scopus Asset Management
New York
|
+$9.79M |
| 2 |
FP
Foundry Partners
Minneapolis,
Minnesota
|
+$2.78M |
| 3 |
Millennium Management
New York
|
+$2M |
| 4 |
Goldman Sachs
New York
|
+$958K |
| 5 |
Renaissance Technologies
New York
|
+$955K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EI
EAM Investors
Solana Beach,
California
|
-$2.14M |
| 2 |
FHA
First Horizon Advisors
Memphis,
Tennessee
|
-$2.12M |
| 3 |
JP Morgan Chase
New York
|
-$1.88M |
| 4 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
-$1.67M |
| 5 |
EGI
EAM Global Investors
Solana Beach,
California
|
-$1.43M |
CVLG Hedge Fund Activity: Q1 2023 in Review
116 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Covenant Logistics (CVLG) for Q1 2023, worth a combined $259M — up 14% from $226M a quarter earlier.
Sellers outnumbered buyers: 32 funds closed out of CVLG and 15 opened new positions — a net loss of 17 holders — while 45 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 EAM Investors, exiting entirely with an estimated $2.14M sold.
- 116 institutional investors held Covenant Logistics (CVLG) as of Q1 2023, down from 133 in Q4 2022.
- Funds reported $259M of Covenant Logistics stock for Q1 2023, up 14% quarter-over-quarter.
- 15 funds opened new Covenant Logistics positions in Q1 2023 and 32 closed out, a net change of -17 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 EAM Investors, an estimated $2.14M sold.
Based on aggregated 13F filings for Q1 2023.