WhaleCreep

Cove Street Capital 13F holdings, Q4 2011

Long-only investorSEC filingsCompare with another fundHoldings as of 2011-12-31, filed 2012-02-14

Cove Street Capital disclosed 56 US equity positions worth $223.8m in its Q4 2011 13F filing. Its largest position is WHITE MTNS INS GROUP LTD at 7.6% of the reported book, followed by COINSTAR INC and CENTA. Versus Q3 2011 it opened 4 new positions, added to 23, reduced 28 and exited 10.

$224m
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
56
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
7.6%
Largest position
The largest single position as a share of the reported equity book.
44.2%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
32
Effective positions
1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
56
Quarters on file since Q3 2011
Quarters for which this manager's 13F holdings are on record.

Holdings

Against Q3 2011: 4 new, 23 added, 28 reduced, 10 exited

50 of 56
WHITE MTNS INS GROUP LTD no ticker–7.6%$17.0m37,436−2.2%reduced
COINSTAR INC no ticker–4.7%$10.5m229,545+30%added
CENTA CENTRAL GARDEN & PET COConsumer Defensive4.6%$10.3m1.24m+4.9%added
YUSD ALLEGHANY CORP DEL–4.6%$10.3m36,166+54%added
LIBERTY INTERACTIVE CORP no ticker–4.5%$10.0m615,340−2.7%reduced
EFX EQUIFAX INCIndustrials3.8%$8.4m216,771−5.7%reduced
WEN The Wendy's CoConsumer Cyclical3.7%$8.4m1.56m−2.0%reduced
TYCO INTERNATIONAL LTD no ticker–3.7%$8.3m178,214+20%added
L LOEWS CORPFinancial Services3.6%$8.0m213,180−2.6%reduced
HEWLETT PACKARD CO no ticker–3.5%$7.8m302,695+21%added
AES AES CORPUtilities3.4%$7.6m645,300−6.8%reduced
CHKEUR CHESAPEAKE ENERGY CORP–3.1%$6.8m306,348+38%added
COVIDIEN PLC no ticker–3.0%$6.7m147,753+2.4%added
Jefferies Group no ticker–2.8%$6.4m463,735–new
TFX TELEFLEX INCORPORATEDHealthcare2.8%$6.2m101,393−8.3%reduced
AREXQ APPROACH RESOURCES INC–2.2%$5.0m170,780+166%added
JPM JPMORGAN CHASE & COFinancial Services2.2%$4.9m148,760−3.2%reduced
TEL TE CONNECTIVITY LTDTechnology2.2%$4.9m160,340−16%reduced
YAHOO INC no ticker–2.1%$4.7m288,775−30%reduced
HSN INC no ticker–2.0%$4.4m120,737+15%added
SEIC SEI INVESTMENTS COFinancial Services1.8%$4.1m234,542+567%added
PXDEUR PIONEER NAT RES CO–1.8%$4.0m44,850−20%reduced
BNY BANK OF NY MELLON CORPFinancial Services1.8%$3.9m197,980−47%reduced
WWD WOODWARD INCIndustrials1.7%$3.9m94,437−29%reduced
SYMETRA FINL CORP no ticker–1.5%$3.3m369,275−37%reduced
RVTY REVVITY INCHealthcare1.4%$3.2m160,307+79%added
STT STATE STR CORPFinancial Services1.4%$3.1m76,790–new
Spartech Corporation no ticker–1.4%$3.1m651,742+11%added
IEX IDEX CORPIndustrials1.4%$3.0m81,600+177%added
LOW LOWES COS INCConsumer Cyclical1.3%$2.9m112,675−48%reduced
GLOBAL CASH ACCESS HLDGS INC no ticker–1.2%$2.8m625,043−7.8%reduced
Liberty Media Cap no ticker–1.2%$2.7m34,693+127%added
WMT WALMART INCConsumer Defensive1.1%$2.5m41,030−20%reduced
EXP EAGLE MATERIALS INCBasic Materials0.9%$2.0m76,308+36%added
KMG CHEMICALS INC no ticker–0.8%$1.7m97,290+39%added
FICO FAIR ISAAC CORPTechnology0.7%$1.6m44,250+14%added
VCA INC no ticker–0.7%$1.6m79,134+34%added
FFBC FIRST FINL BANCORP OHFinancial Services0.7%$1.5m92,557+35%added
HALLUSD HALLMARK FINL SVCS INC–0.7%$1.5m220,084+34%added
ISCAUSD INTERNATIONAL SPEEDWAY CORP–0.7%$1.5m57,736+43%added
SMG SCOTTS MIRACLE-GRO COBasic Materials0.6%$1.4m30,889+35%added
BA BOEING COIndustrials0.5%$1.2m16,060−19%reduced
W.P Carey & Co. LLC no ticker–0.5%$1.1m27,640−10%reduced
SGU STAR GROUP L PEnergy0.5%$1.1m223,350+7.2%added
ACCENTURE PLC IRELAND no ticker–0.5%$1.1m20,220−19%reduced
HAL HALLIBURTON COEnergy0.5%$1.0m30,310−2.3%reduced
ITT CORP NEW no ticker–0.5%$1.0m53,546−53%reduced
AIMCUSD ALTRA INDL MOTION CORP–0.4%$977k51,867−31%reduced
BOARDWALK PIPELINE PARTNERS no ticker–0.4%$956k34,550−38%reduced
NLYEUR ANNALY CAPITAL MANAGEMENT IN–0.3%$773k48,450−22%reduced

Exited since Q3 2011

10 rows
FHI FEDERATED HERMES INC1.7%$3.3m
BANK OF AMERICA no ticker1.0%$1.9m
HTH HILLTOP HLDGS INC1.0%$1.9m
BRK/B BERKSHIRE HATHAWAY INC DEL0.6%$1.1m
Duff & Phelps Corp-Class A no ticker0.6%$1.1m
JPMorgan Chase & Co Equity WAR no ticker0.4%$815k
MMM 3M CO0.4%$796k
PNC FINL SVCS GROUP INC wAR no ticker0.08%$161k
Wells Fargo & Company WAR no ticker0.08%$154k
Bank of America Corporation WAR no ticker0.06%$114k

Sector mix

  • Unclassified57.2%
  • Financial Services11.4%
  • Industrials7.4%
  • Consumer Defensive5.7%
  • Consumer Cyclical5.0%
  • Healthcare4.2%
  • Utilities3.4%
  • Technology2.9%
  • Basic Materials1.5%
  • Energy1.2%

Book over time

Every quarter on file (56)
QuarterPositionsEquity book
Q3 202596$76.6m
Q2 202597$68.2m
Q1 202598$63.7m
Q4 202494$85.7m
Q3 202499$128m
Q2 202478$139m
Q1 202471$316m
Q4 202370$327m
Q3 202381$296m
Q2 202380$322m
Q1 202383$335m
Q4 202281$367m
Q3 202279$358m
Q2 202282$397m
Q1 202286$565m
Q4 202189$571m
Q3 202189$674m
Q2 202187$691m
Q1 202186$698m
Q4 202080$565m
Q3 202074$528m
Q2 202074$505m
Q1 202098$488m
Q4 2019100$756m
Q3 201995$715m
Q2 201997$775m
Q1 201997$817m
Q4 2018100$773m
Q3 201898$948m
Q2 2018102$919m
Q1 2018106$907m
Q4 2017107$927m
Q3 2017108$896m
Q2 201790$825m
Q1 201786$947m
Q4 201692$957m
Q3 201695$928m
Q2 2016103$905m
Q1 2016103$766m
Q4 2015110$759m
Q3 2015112$755m
Q2 2015108$830m
Q1 2015114$763m
Q4 2014110$671m
Q3 201492$642m
Q2 201471$618m
Q1 201466$532m
Q4 201371$539m
Q3 201368$492m
Q2 201369$455m
Q1 201353$240m
Q4 201252$215m
Q3 201252$210m
Q2 201256$214m
Q4 201156$224m
Q3 201162$195m

Where Cove Street Capital was early

69 rows
STT State Street CorpQ4 20118 of 1391.4%1.9%25Exited by Q1 2019+56%
CLGX CoreLogic IncQ2 20121 of 943.1%3.3%7Exited by Q1 2014+191%
GEF/B Greif Inc CL BQ2 20121 of 260.6%1.1%10Exited by Q4 2014+10%
AIG American International Group IncQ2 20127 of 1552.0%3.9%18Exited by Q1 2018+86%
COF Capital One Financial CorpQ2 20128 of 2273.8%4.0%27Exited by Q1 2019+38%
WU Western Union CompanyQ2 201211 of 1331.0%4.4%10Exited by Q2 2022+11%
LYV Live Nation Entertainment IncQ4 20125 of 2162.7%4.4%7Exited by Q4 2020+479%
FOR Forestar Group IncQ1 20131 of 821.6%5.5%17Exited by Q2 2017−38%
GPX GP Strategies CorporationQ2 20131 of 271.3%4.7%34Exited by Q4 2021−13%
OXY OCCIDENTAL PETE CORPQ2 20134 of 1920.3%2.0%12Exited by Q3 2025−51%
GM General Motors CompanyQ2 201311 of 1691.2%1.2%9Exited by Q3 2015+0.1%
AZZ AZZ IncQ3 20131 of 801.6%3.1%15Exited by Q3 2022−2.5%
GHC Graham HoldingsQ4 20132 of 1124.3%4.5%6Exited by Q2 2015+58%
AVD AMERICAN VANGUARD CORPQ2 20141 of 590.3%10.5%32Held at last filing, Q3 2025−57%
VSAT VIASAT INCQ2 20142 of 1261.3%11.0%46Held at last filing, Q3 2025−49%
HNRG HALLADOR ENERGY COMPANYQ3 20142 of 910.1%2.1%36Exited by Q4 2024−20%
UFPT UFP Technologies IncQ3 20142 of 590.05%3.3%34Exited by Q1 2023+436%
ANIK ANIKA THERAPEUTICS INCQ4 20141 of 580.07%1.8%10Held at last filing, Q3 2025−77%
PRKS SeaWorld Entertainment IncQ4 20145 of 1521.6%1.7%7Exited by Q3 2016−20%
SSP SCRIPPS E W CO OHIOQ4 20145 of 730.6%6.7%40Held at last filing, Q3 2025−88%
RAVN Raven Industries IncQ1 20151 of 560.2%2.3%8Exited by Q1 2017+85%
TIGO MILLICOM INTL CELLULAR S AQ1 20152 of 800.2%6.5%37Exited by Q2 2024−44%
IBM International Business MachineQ1 20159 of 1681.5%1.5%9Exited by Q2 2017+8.5%
HP5A Equity CommonwealthQ2 201512 of 1111.8%2.1%19Exited by Q1 2020+28%
FELE Franklin Electric Co IncQ3 20152 of 731.3%1.9%7Exited by Q2 2017+58%
GDEN GOLDEN ENTMT INCQ3 20152 of 890.9%1.1%10Held at last filing, Q3 2025+74%
TUP Tupperware Brands CorpQ3 20152 of 701.4%3.1%16Exited by Q3 2019−62%
FMC FMC CORPQ3 20159 of 1573.8%5.4%40Exited by Q3 2025+42%
CSW CSW Industrials IncQ4 20153 of 770.1%2.4%19Exited by Q3 2020+83%
ZBRA ZEBRA TECHNOLOGIES CORPORATIQ1 20168 of 1541.6%2.6%13Held at last filing, Q3 2025+331%
NOVT Novanta IncQ2 20161 of 992.1%2.4%7Exited by Q1 2018+230%
EVC Entravision Communications CorQ2 20163 of 650.02%1.1%3Exited by Q1 2017+4.2%
JCI Johnson Controls InternationalQ3 201612 of 1730.6%1.1%9Exited by Q4 2018−25%
TGNA TEGNA IncQ4 20163 of 1473.8%5.5%23Exited by Q3 2022−35%
CMP COMPASS MINERALS INTL INCQ4 20164 of 1032.4%6.8%36Held at last filing, Q3 2025−75%
TRNS Transcat IncQ1 20172 of 540.1%1.9%17Exited by Q2 2021+286%
SBH Sally Beauty Holdings IncQ1 20178 of 1122.4%2.6%5Exited by Q2 2018−20%
NEU NEWMARKET CORPQ3 20171 of 860.05%3.2%20Held at last filing, Q3 2025+95%
DLHC DLH HLDGS CORPQ3 20172 of 240.1%3.8%29Exited by Q4 2024+44%
GE General Electric CompanyQ3 201723 of 2421.0%1.0%12Exited by Q3 2020−71%
LILAB Liberty Latin America CL AQ4 20173 of 1011.2%1.2%6Exited by Q2 2019−3.2%
QVCG Qurate Retail IncQ1 20181 of 1161.0%2.3%8Exited by Q1 2020−67%
AYI Acuity Brands IncQ1 20185 of 1370.7%2.9%14Exited by Q3 2021+34%
DNOW NOW IncQ1 20186 of 1332.0%2.5%9Exited by Q2 2020−50%
SPB Spectrum Brands Holdings IncQ1 201810 of 1470.05%3.2%18Exited by Q3 2022−19%
HSIC Henry Schein IncQ1 201811 of 1420.6%1.4%20Exited by Q1 2023+52%
JEF Jefferies Financial Group IncQ2 20183 of 1281.1%1.1%5Exited by Q3 2019−15%
TPR TAPESTRY INCQ4 201812 of 1730.1%2.7%22Exited by Q2 2024+41%
SXI STANDEX INTL CORPQ2 20191 of 591.1%2.6%20Exited by Q2 2024+149%
VMD VIEMED HEALTHCARE INCQ3 20192 of 480.09%2.8%25Held at last filing, Q3 2025−1.9%

Concentration and tenure

6.2%
Median largest position, all quarters
The largest single position as a share of the reported equity book.
43.0%
Median top 10 weight, all quarters
The ten largest positions together, as a share of the reported equity book.
Concentrated
Style, by median largest position
4
Median completed holding, quarters