WhaleCreep

Cove Street Capital 13F holdings, Q2 2012

Long-only investorSEC filingsCompare with another fundHoldings as of 2012-06-30, filed 2012-08-10

Cove Street Capital disclosed 56 US equity positions worth $213.6m in its Q2 2012 13F filing. Its largest position is CENTA at 6.6% of the reported book, followed by YUSD and WHITE MTNS INS GROUP LTD. Versus Q4 2011 it opened 12 new positions, added to 10, reduced 31 and exited 12.

$214m
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.
6.6%
Largest position
The largest single position as a share of the reported equity book.
46.0%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
31
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 Q4 2011: 12 new, 10 added, 31 reduced, 12 exited

50 of 56
CENTA CENTRAL GARDEN & PET COConsumer Defensive6.6%$14.2m1.30m+4.7%added
YUSD ALLEGHANY CORP DEL–6.0%$12.8m37,640+4.1%added
WHITE MTNS INS GROUP LTD no ticker–5.7%$12.1m23,183−38%reduced
RVTY REVVITY INCHealthcare4.8%$10.2m394,929+146%added
L LOEWS CORPFinancial Services4.2%$9.0m219,080+2.8%added
AREXQ APPROACH RESOURCES INC–3.9%$8.4m329,706+93%added
JPM JPMORGAN CHASE & COFinancial Services3.9%$8.3m231,467+56%added
COF CAPITAL ONE FINL CORPFinancial Services3.8%$8.1m147,845–new
LIBERTY INTERACTIVE CORP no ticker–3.6%$7.7m435,345−29%reduced
COVIDIEN PLC no ticker–3.5%$7.4m138,897−6.0%reduced
EFX EQUIFAX INCIndustrials3.4%$7.2m153,740−29%reduced
CLGX CORELOGIC INC–3.1%$6.5m357,370–new
HEWLETT PACKARD CO no ticker–2.8%$6.0m296,130−2.2%reduced
NEUSTAR INC no ticker–2.8%$5.9m177,680–new
TESSERA TECHNOLOGIES INC no ticker–2.5%$5.4m353,400–new
PMC-SIERRA INC no ticker–2.2%$4.7m766,700–new
SEIC SEI INVESTMENTS COFinancial Services2.1%$4.4m223,129−4.9%reduced
CHKEUR CHESAPEAKE ENERGY CORP–2.0%$4.4m235,093−23%reduced
AIG American International GroupFinancial Services2.0%$4.4m135,705–new
STT STATE STR CORPFinancial Services1.9%$4.1m92,730+21%added
Jefferies Group no ticker–1.9%$4.0m311,195−33%reduced
PXDEUR PIONEER NAT RES CO–1.9%$4.0m45,070+0.5%held
Liberty Media Cap no ticker–1.8%$3.9m44,145+27%added
LOW LOWES COS INCConsumer Cyclical1.8%$3.9m136,010+21%added
BNY BANK OF NY MELLON CORPFinancial Services1.8%$3.8m174,300−12%reduced
HSN INC no ticker–1.7%$3.7m91,617−24%reduced
TEL TE CONNECTIVITY LTDTechnology1.7%$3.5m110,703−31%reduced
WWD WOODWARD INCIndustrials1.5%$3.2m81,279−14%reduced
SYMETRA FINL CORP no ticker–1.4%$3.0m234,810−36%reduced
WU WESTERN UN COFinancial Services1.0%$2.1m122,535–new
Spartech Corporation no ticker–0.9%$1.8m352,984−46%reduced
TFX TELEFLEX INCORPORATEDHealthcare0.8%$1.7m27,767−73%reduced
GLOBAL CASH ACCESS HLDGS INC no ticker–0.7%$1.6m219,470−65%reduced
EXP EAGLE MATERIALS INCBasic Materials0.7%$1.5m40,073−47%reduced
KMG CHEMICALS INC no ticker–0.6%$1.4m71,739−26%reduced
HALLUSD HALLMARK FINL SVCS INC–0.6%$1.4m175,243−20%reduced
CROSSTEX ENERGY INC no ticker–0.6%$1.3m95,795–new
FICO FAIR ISAAC CORPTechnology0.6%$1.3m31,451−29%reduced
IEX IDEX CORPIndustrials0.6%$1.3m33,035−60%reduced
VCA INC no ticker–0.6%$1.3m57,510−27%reduced
GEF/B GREIF INC–0.6%$1.2m27,090–new
ISCAUSD INTERNATIONAL SPEEDWAY CORP–0.5%$1.2m44,353−23%reduced
FFBC FIRST FINL BANCORP OHFinancial Services0.5%$1.1m70,299−24%reduced
SGU STAR GROUP L PEnergy0.5%$1.1m257,700+15%added
BA BOEING COIndustrials0.5%$1.1m14,150−12%reduced
ACCENTURE PLC IRELAND no ticker–0.5%$1.1m17,470−14%reduced
AVPUSD AVON PRODS INC–0.5%$1.0m61,685–new
WMT WALMART INCConsumer Defensive0.5%$1.0m14,350−65%reduced
JOHNSON CTLS INC no ticker–0.4%$939k33,875–new
W.P Carey & Co. LLC no ticker–0.4%$914k19,865−28%reduced

Exited since Q4 2011

12 rows
COINSTAR INC no ticker4.7%$10.5m
WEN The Wendy's Co3.7%$8.4m
TYCO INTERNATIONAL LTD no ticker3.7%$8.3m
AES AES CORP3.4%$7.6m
YAHOO INC no ticker2.1%$4.7m
SMG SCOTTS MIRACLE-GRO CO0.6%$1.4m
HAL HALLIBURTON CO0.5%$1.0m
ITT CORP NEW no ticker0.5%$1.0m
AIMCUSD ALTRA INDL MOTION CORP0.4%$977k
BOARDWALK PIPELINE PARTNERS no ticker0.4%$956k
LIFE TECHNOLOGIES CORP no ticker0.3%$753k
NLSUSD BOWFLEX INC0.1%$227k

Sector mix

  • Unclassified54.7%
  • Financial Services21.2%
  • Consumer Defensive7.1%
  • Industrials6.0%
  • Healthcare5.6%
  • Technology2.3%
  • Consumer Cyclical1.8%
  • Energy0.7%
  • Basic Materials0.7%

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