WhaleCreep

Cove Street Capital 13F holdings, Q3 2012

Long-only investorSEC filingsCompare with another fundHoldings as of 2012-09-30, filed 2012-11-14

Cove Street Capital disclosed 52 US equity positions worth $209.6m in its Q3 2012 13F filing. Its largest position is RVTY at 5.7% of the reported book, followed by YUSD and CENTA. Versus Q2 2012 it opened 5 new positions, added to 11, reduced 29 and exited 9.

$210m
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
52
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
5.7%
Largest position
The largest single position as a share of the reported equity book.
46.3%
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 Q2 2012: 5 new, 11 added, 29 reduced, 9 exited

50 of 52
RVTY REVVITY INCHealthcare5.7%$11.9m404,326+2.4%added
YUSD ALLEGHANY CORP DEL–5.7%$11.9m34,360−8.7%reduced
CENTA CENTRAL GARDEN & PET COConsumer Defensive5.6%$11.8m975,682−25%reduced
WHITE MTNS INS GROUP LTD no ticker–5.6%$11.8m22,921−1.1%reduced
L LOEWS CORPFinancial Services4.2%$8.8m213,980−2.3%reduced
JPM JPMORGAN CHASE & COFinancial Services4.2%$8.8m217,086−6.2%reduced
COF CAPITAL ONE FINL CORPFinancial Services3.9%$8.2m143,745−2.8%reduced
LIBERTY INTERACTIVE CORP no ticker–3.8%$8.0m432,345−0.7%reduced
AREXQ APPROACH RESOURCES INC–3.8%$8.0m265,373−20%reduced
AIG American International GroupFinancial Services3.8%$7.9m240,795+77%added
WU WESTERN UN COFinancial Services3.5%$7.4m403,825+230%added
NEUSTAR INC no ticker–3.3%$6.9m173,480−2.4%reduced
CLGX CORELOGIC INC–3.0%$6.2m233,765−35%reduced
COVIDIEN PLC no ticker–2.7%$5.8m96,832−30%reduced
PMC-SIERRA INC no ticker–2.6%$5.4m966,220+26%added
SEE1GBP SEALED AIR CORP NEW–2.4%$5.1m329,520–new
Liberty Media Cap no ticker–2.3%$4.8m45,945+4.1%added
SEIC SEI INVESTMENTS COFinancial Services2.2%$4.7m219,279−1.7%reduced
PXDEUR PIONEER NAT RES CO–2.2%$4.5m43,370−3.8%reduced
CHKEUR CHESAPEAKE ENERGY CORP–2.0%$4.3m226,343−3.7%reduced
LOW LOWES COS INCConsumer Cyclical2.0%$4.2m138,410+1.8%added
Jefferies Group Inc no ticker–2.0%$4.1m299,365−3.8%reduced
BNY BANK OF NY MELLON CORPFinancial Services1.9%$3.9m174,3000.0%held
STT STATE STR CORPFinancial Services1.8%$3.8m89,680−3.3%reduced
TEL TE CONNECTIVITY LTDTechnology1.8%$3.8m110,403−0.3%held
EFX EQUIFAX INCIndustrials1.7%$3.7m78,675−49%reduced
SYMETRA FINL CORP no ticker–1.3%$2.7m223,310−4.9%reduced
HEWLETT PACKARD CO no ticker–1.2%$2.5m145,600−51%reduced
TESSERA TECHNOLOGIES INC no ticker–1.1%$2.2m164,154−54%reduced
Spartech Corp no ticker–0.9%$1.9m346,434−1.9%reduced
CROSSTEX ENERGY INC no ticker–0.8%$1.7m119,055+24%added
GLOBAL CASH ACCESS HLDGS INC no ticker–0.8%$1.6m204,013−7.0%reduced
TFX TELEFLEX INCORPORATEDHealthcare0.7%$1.6m22,688−18%reduced
HSN INC no ticker–0.7%$1.5m31,172−66%reduced
HALLUSD HALLMARK FINL SVCS INC–0.7%$1.4m175,778+0.3%held
COINSTAR INC no ticker–0.7%$1.4m31,030–new
FICO FAIR ISAAC CORPTechnology0.6%$1.3m30,342−3.5%reduced
IEX IDEX CORPIndustrials0.6%$1.3m31,888−3.5%reduced
CHEROKEE INC DEL NEW no ticker–0.6%$1.3m90,561–new
GEF/B GREIF INC–0.6%$1.3m26,665−1.6%reduced
JOHNSON CTLS INC no ticker–0.6%$1.3m47,875+41%added
ISCAUSD INTERNATIONAL SPEEDWAY CORP–0.6%$1.3m45,833+3.3%added
AVPUSD AVON PRODS INC–0.6%$1.2m77,385+25%added
FFBC FIRST FINL BANCORP OHFinancial Services0.6%$1.2m68,599−2.4%reduced
WMT WALMART INCConsumer Defensive0.5%$1.1m14,3500.0%held
WWD WOODWARD INCIndustrials0.5%$1.0m30,724−62%reduced
BA BOEING COIndustrials0.5%$985k14,1500.0%held
WESTELL TECHNOLOGIES INC no ticker–0.4%$837k391,150+441%added
ADTN ADTRAN INCTechnology0.2%$389k22,516–new
AVID TECHNOLOGY INC no ticker–0.2%$364k38,432–new

Exited since Q2 2012

9 rows
EXP EAGLE MATERIALS INC0.7%$1.5m
KMG CHEMICALS INC no ticker0.6%$1.4m
VCA INC no ticker0.6%$1.3m
SGU STAR GROUP L P0.5%$1.1m
ACCENTURE PLC IRELAND no ticker0.5%$1.1m
W.P Carey & Co. LLC no ticker0.4%$914k
NLYEUR ANNALY CAPITAL MANAGEMENT IN0.4%$810k
CHIMERA INVT CORP no ticker0.3%$534k
Crexus Investment Corp no ticker0.09%$194k

Sector mix

  • Unclassified53.1%
  • Financial Services26.1%
  • Healthcare6.4%
  • Consumer Defensive6.1%
  • Industrials3.4%
  • Technology2.6%
  • Consumer Cyclical2.0%
  • Energy0.3%

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