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Covenant Logistics

154 hedge funds and large institutions have $336M invested in Covenant Logistics in 2024 Q2 according to their latest regulatory filings, with 29 funds opening new positions, 45 increasing their positions, 54 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 12 (+1)

21% more first-time investments, than exits

New positions opened: 29 | Existing positions closed: 24

2% more funds holding

Funds holding: 151154 (+3)

2% more capital invested

Capital invested by funds: $328M → $336M (+$8.13M)

5.5% less ownership

Funds ownership: 132.11%126.61% (-5.5%)

17% less repeat investments, than reductions

Existing positions increased: 45 | Existing positions reduced: 54

79% less call options, than puts

Call options by funds: $2.33M | Put options by funds: $11.2M

Holders
154
Holders Change
+3
Holders Change %
+1.99%
% of All Funds
2.22%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
29
Increased
45
Reduced
54
Closed
24
Calls
$2.33M
Puts
$11.2M
Net Calls
-$8.84M
Net Calls Change
+$15.2M
Name Holding Trade Value Shares
Change
Change in
Stake
BlackRock
1
BlackRock
New York
$55.1M +$497K +21,402 +1%
Dimensional Fund Advisors
2
Dimensional Fund Advisors
Texas
$38.2M -$509K -21,908 -1%
SAM
3
Scopus Asset Management
New York
$25.6M -$42.9K -1,846 -0.2%
Vanguard Group
4
Vanguard Group
Pennsylvania
$21.7M +$994K +42,816 +5%
LSV Asset Management
5
LSV Asset Management
Illinois
$15.6M -$9.78M -420,878 -40%
PAMG
6
Patton Albertson Miller Group
Tennessee
$14.2M +$114K +4,908 +0.9%
State Street
7
State Street
Massachusetts
$9.68M -$85K -3,658 -0.9%
Geode Capital Management
8
Geode Capital Management
Massachusetts
$9.25M +$153K +6,588 +2%
FP
9
Foundry Partners
Minnesota
$9.11M +$4.79M +206,028 +126%
BCM
10
Bridgeway Capital Management
Texas
$8.42M +$284K +12,240 +4%
Acadian Asset Management
11
Acadian Asset Management
Massachusetts
$7.57M -$4.52M -194,536 -39%
American Century Companies
12
American Century Companies
Missouri
$5.62M +$1.2M +51,826 +29%
Jacobs Levy Equity Management
13
Jacobs Levy Equity Management
New Jersey
$5.02M +$174K +7,472 +4%
Charles Schwab
14
Charles Schwab
California
$4.35M -$925K -39,816 -18%
EF
15
Empowered Funds
Pennsylvania
$4.21M +$284K +12,240 +8%
Northern Trust
16
Northern Trust
Illinois
$3.96M -$166K -7,134 -4%
Bank of New York Mellon
17
Bank of New York Mellon
New York
$3.95M -$1.22M -52,570 -25%
RA
18
Royce & Associates
New York
$3.89M +$3.67M +157,998 New
AQR Capital Management
19
AQR Capital Management
Connecticut
$3.68M +$11K +472 +0.3%
Morgan Stanley
20
Morgan Stanley
New York
$3.55M +$815K +35,104 +32%
Two Sigma Investments
21
Two Sigma Investments
New York
$3.36M -$419K -18,020 -12%
Two Sigma Advisers
22
Two Sigma Advisers
New York
$3.23M -$9.29K -400 -0.3%
Hudson Bay Capital Management
23
Hudson Bay Capital Management
Connecticut
$3.09M +$2.92M +125,576 New
EIM
24
Essex Investment Management
Massachusetts
$2.98M +$808K +34,808 +40%
Russell Investments Group
25
Russell Investments Group
United Kingdom
$2.58M +$1.08M +46,624 +80%

CVLG Hedge Fund Activity: Q2 2024 in Review

154 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Covenant Logistics (CVLG) for Q2 2024, worth a combined $336M — up 2.5% from $328M a quarter earlier.

Buyers outnumbered sellers: 29 funds opened new CVLG positions and 24 closed out — a net gain of 5 holders — while 45 added to existing stakes and 54 trimmed.

The largest buyer was Foundry Partners, adding an estimated $4.79M. The largest seller was LSV Asset Management, cutting an estimated $9.78M.

  • 154 institutional investors held Covenant Logistics (CVLG) as of Q2 2024, up from 151 in Q1 2024.
  • Funds reported $336M of Covenant Logistics stock for Q2 2024, up 2.5% quarter-over-quarter.
  • 29 funds opened new Covenant Logistics positions in Q2 2024 and 24 closed out, a net change of +5 holders.
  • The largest Covenant Logistics buyer in Q2 2024 was Foundry Partners, an estimated $4.79M added.
  • The largest Covenant Logistics seller in Q2 2024 was LSV Asset Management, an estimated $9.78M sold.

Based on aggregated 13F filings for Q2 2024.