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Covenant Logistics
CVLG

151 hedge funds and large institutions have $328M invested in Covenant Logistics in 2024 Q1 according to their latest regulatory filings, with 22 funds opening new positions, 49 increasing their positions, 56 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

10% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 20

3.41% more ownership

Funds ownership: 128.7% → 132.11% (+3.4%)

5% more capital invested

Capital invested by funds: $313M → $328M (+$14.1M)

1% more funds holding

Funds holding: 150 → 151 (+1)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

13% less repeat investments, than reductions

Existing positions increased: 49 | Existing positions reduced: 56

85% less call options, than puts

Call options by funds: $4.35M | Put options by funds: $28.4M

Holders
151
Holders Change
+1
Holders Change %
+0.67%
% of All Funds
2.18%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
22
Increased
49
Reduced
56
Closed
20
Calls
$4.35M
Puts
$28.4M
Net Calls
-$24.1M
Net Calls Change
-$23.8M

Top Buyers

1
SAM
Scopus Asset Management
New York
+$6.12M
2
Deutsche Bank
Deutsche Bank
Germany
+$2.12M
3
Citadel Advisors
Citadel Advisors
Florida
+$1.75M
4
Allianz Asset Management
Allianz Asset Management
Germany
+$1.57M
5
Two Sigma Investments
Two Sigma Investments
New York
+$1.42M

Top Sellers

1
LSV Asset Management
LSV Asset Management
Illinois
-$1.65M
2
Morgan Stanley
Morgan Stanley
New York
-$1.46M
3
Vanguard Group
Vanguard Group
Pennsylvania
-$1.32M
4
RA
Royce & Associates
New York
-$1.14M
5
Millennium Management
Millennium Management
New York
-$1.08M
Name Holding Trade Value Shares
Change 		Change in
Stake
BlackRock
1
BlackRock
New York
$51.3M -$1.02M -42,744 -2%
Dimensional Fund Advisors
2
Dimensional Fund Advisors
Texas
$36.5M +$44.5K +1,856 +0.1%
LSV Asset Management
3
LSV Asset Management
Illinois
$24.5M -$1.65M -69,012 -6%
SAM
4
Scopus Asset Management
New York
$24.1M +$6.12M +255,428 +33%
Vanguard Group
5
Vanguard Group
Pennsylvania
$19.4M -$1.32M -55,198 -6%
PAMG
6
Patton Albertson Miller Group
Tennessee
$13.2M – – –
Acadian Asset Management
7
Acadian Asset Management
Massachusetts
$11.6M -$587K -24,476 -5%
State Street
8
State Street
Massachusetts
$9.19M +$4.84K +202 +0.1%
Geode Capital Management
9
Geode Capital Management
Massachusetts
$8.55M +$215K +8,972 +2%
BCM
10
Bridgeway Capital Management
Texas
$7.63M +$285K +11,900 +4%
Millennium Management
11
Millennium Management
New York
$5.33M -$1.08M -45,032 -16%
Charles Schwab
12
Charles Schwab
California
$5.01M -$207K -8,652 -4%
Bank of New York Mellon
13
Bank of New York Mellon
New York
$4.94M -$161K -6,724 -3%
Jacobs Levy Equity Management
14
Jacobs Levy Equity Management
New Jersey
$4.55M -$42.3K -1,766 -0.9%
American Century Companies
15
American Century Companies
Missouri
$4.09M -$934K -38,958 -18%
Northern Trust
16
Northern Trust
Illinois
$3.89M -$94.8K -3,956 -2%
FP
17
Foundry Partners
Minnesota
$3.79M +$397K +16,558 +11%
EF
18
Empowered Funds
Pennsylvania
$3.67M +$285K +11,900 +8%
Two Sigma Investments
19
Two Sigma Investments
New York
$3.58M +$1.42M +59,396 +63%
AQR Capital Management
20
AQR Capital Management
Connecticut
$3.45M +$271K +11,292 +8%
Two Sigma Advisers
21
Two Sigma Advisers
New York
$3.05M +$1.16M +48,200 +58%
Citadel Advisors
22
Citadel Advisors
Florida
$2.86M +$1.75M +72,816 +144%
SEI Investments
23
SEI Investments
Pennsylvania
$2.63M -$132K -5,500 -5%
Macquarie Group
24
Macquarie Group
Australia
$2.61M -$130K -5,412 -5%
Morgan Stanley
25
Morgan Stanley
New York
$2.53M -$1.46M -61,058 -36%
1
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CVLG Hedge Fund Activity: Q1 2024 in Review

151 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Covenant Logistics (CVLG) for Q1 2024, worth a combined $328M — up 4.5% from $313M a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new CVLG positions and 20 closed out — a net gain of 2 holders — while 49 added to existing stakes and 56 trimmed.

The largest buyer was Scopus Asset Management, adding an estimated $6.12M. The largest seller was LSV Asset Management, cutting an estimated $1.65M.

  • 151 institutional investors held Covenant Logistics (CVLG) as of Q1 2024, up from 150 in Q4 2023.
  • Funds reported $328M of Covenant Logistics stock for Q1 2024, up 4.5% quarter-over-quarter.
  • 22 funds opened new Covenant Logistics positions in Q1 2024 and 20 closed out, a net change of +2 holders.
  • The largest Covenant Logistics buyer in Q1 2024 was Scopus Asset Management, an estimated $6.12M added.
  • The largest Covenant Logistics seller in Q1 2024 was LSV Asset Management, an estimated $1.65M sold.

Based on aggregated 13F filings for Q1 2024.