Covenant Logistics
CVLG
150 hedge funds and large institutions have $311M invested in Covenant Logistics in 2023 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 40 increasing their positions, 61 reducing their positions, and 11 closing their positions.
118% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 11
9% more funds holding
Funds holding: 137 → 150 (+13)
3% more capital invested
Capital invested by funds: $303M → $311M (+$8.75M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2.62% less ownership
Funds ownership: 130.52% → 127.9% (-2.6%)
34% less repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 61
39% less call options, than puts
Call options by funds: $364K | Put options by funds: $594K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WMSA
Weiss Multi-Strategy Advisers
New York
|
+$1.71M |
| 2 |
BlackRock
New York
|
+$1.32M |
| 3 |
Two Sigma Advisers
New York
|
+$1.28M |
| 4 |
EIM
Essex Investment Management
Boston,
Massachusetts
|
+$1.22M |
| 5 |
Millennium Management
New York
|
+$1.04M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$3.83M |
| 2 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
-$1.8M |
| 3 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$1.48M |
| 4 |
Renaissance Technologies
New York
|
-$1.46M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$1.38M |
CVLG Hedge Fund Activity: Q4 2023 in Review
150 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in Covenant Logistics (CVLG) for Q4 2023, worth a combined $311M — up 2.9% from $303M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new CVLG positions and 11 closed out — a net gain of 13 holders — while 40 added to existing stakes and 61 trimmed.
The largest buyer was Weiss Multi-Strategy Advisers, adding an estimated $1.71M. The largest seller was Invesco, cutting an estimated $3.83M.
- 150 institutional investors held Covenant Logistics (CVLG) as of Q4 2023, up from 137 in Q3 2023.
- Funds reported $311M of Covenant Logistics stock for Q4 2023, up 2.9% quarter-over-quarter.
- 24 funds opened new Covenant Logistics positions in Q4 2023 and 11 closed out, a net change of +13 holders.
- The largest Covenant Logistics buyer in Q4 2023 was Weiss Multi-Strategy Advisers, an estimated $1.71M added.
- The largest Covenant Logistics seller in Q4 2023 was Invesco, an estimated $3.83M sold.
Based on aggregated 13F filings for Q4 2023.