Covenant Logistics
CVLG
137 hedge funds and large institutions have $303M invested in Covenant Logistics in 2023 Q3 according to their latest regulatory filings, with 20 funds opening new positions, 35 increasing their positions, 58 reducing their positions, and 9 closing their positions.
122% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 9
8% more funds holding
Funds holding: 127 → 137 (+10)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
4% less capital invested
Capital invested by funds: $316M → $303M (-$13.1M)
6.1% less ownership
Funds ownership: 136.61% → 130.52% (-6.1%)
40% less repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 58
90% less call options, than puts
Call options by funds: $929K | Put options by funds: $8.99M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAM
Scopus Asset Management
New York
|
+$6.89M |
| 2 |
LSV Asset Management
Chicago,
Illinois
|
+$1.75M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$1.57M |
| 4 |
Two Sigma Investments
New York
|
+$1.5M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$1.47M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$3.65M |
| 2 |
Acadian Asset Management
Boston,
Massachusetts
|
-$2.38M |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
-$2.33M |
| 4 |
EF
Empowered Funds
Havertown,
Pennsylvania
|
-$2.29M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
-$2.23M |
CVLG Hedge Fund Activity: Q3 2023 in Review
137 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Covenant Logistics (CVLG) for Q3 2023, worth a combined $303M — down 4.2% from $316M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new CVLG positions and 9 closed out — a net gain of 11 holders — while 35 added to existing stakes and 58 trimmed.
The largest buyer was Scopus Asset Management, adding an estimated $6.89M. The largest seller was Millennium Management, cutting an estimated $3.65M.
- 137 institutional investors held Covenant Logistics (CVLG) as of Q3 2023, up from 127 in Q2 2023.
- Funds reported $303M of Covenant Logistics stock for Q3 2023, down 4.2% quarter-over-quarter.
- 20 funds opened new Covenant Logistics positions in Q3 2023 and 9 closed out, a net change of +11 holders.
- The largest Covenant Logistics buyer in Q3 2023 was Scopus Asset Management, an estimated $6.89M added.
- The largest Covenant Logistics seller in Q3 2023 was Millennium Management, an estimated $3.65M sold.
Based on aggregated 13F filings for Q3 2023.