Covenant Logistics
CVLG
127 hedge funds and large institutions have $316M invested in Covenant Logistics in 2023 Q2 according to their latest regulatory filings, with 20 funds opening new positions, 38 increasing their positions, 49 reducing their positions, and 8 closing their positions.
150% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 8
25% more call options, than puts
Call options by funds: $543K | Put options by funds: $434K
22% more capital invested
Capital invested by funds: $259M → $316M (+$57.1M)
9% more funds holding
Funds holding: 116 → 127 (+11)
2.17% more ownership
Funds ownership: 134.45% → 136.61% (+2.2%)
22% less repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 49
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EF
Empowered Funds
Havertown,
Pennsylvania
|
+$5.07M |
| 2 |
LSV Asset Management
Chicago,
Illinois
|
+$2.98M |
| 3 |
Renaissance Technologies
New York
|
+$1.34M |
| 4 |
AR
Advisory Research
Chicago,
Illinois
|
+$862K |
| 5 |
Allspring Global Investments
Charlotte,
North Carolina
|
+$772K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$5.85M |
| 2 |
State Street
Boston,
Massachusetts
|
-$4.47M |
| 3 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
-$2.62M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
-$1.69M |
| 5 |
Millennium Management
New York
|
-$1.42M |
CVLG Hedge Fund Activity: Q2 2023 in Review
127 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in Covenant Logistics (CVLG) for Q2 2023, worth a combined $316M — up 22% from $259M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new CVLG positions and 8 closed out — a net gain of 12 holders — while 38 added to existing stakes and 49 trimmed.
The largest buyer was Empowered Funds, opening a new position worth an estimated $5.07M. The largest seller was BlackRock, cutting an estimated $5.85M.
- 127 institutional investors held Covenant Logistics (CVLG) as of Q2 2023, up from 116 in Q1 2023.
- Funds reported $316M of Covenant Logistics stock for Q2 2023, up 22% quarter-over-quarter.
- 20 funds opened new Covenant Logistics positions in Q2 2023 and 8 closed out, a net change of +12 holders.
- The largest Covenant Logistics buyer in Q2 2023 was Empowered Funds, an estimated $5.07M added.
- The largest Covenant Logistics seller in Q2 2023 was BlackRock, an estimated $5.85M sold.
Based on aggregated 13F filings for Q2 2023.