Cove Street Capital 13F holdings, Q1 2013
Holdings as of March 31, 2013 · filings on SEC EDGAR · latest filing →
Cove Street Capital disclosed 53 US equity positions worth $239.9m in its Q1 2013 13F filing. The largest position was Approach Resources Inc at 5.3% of the reported book, followed by Alleghany Corp and WU. Against the Q4 2012 filing, it opened 5 new positions, added to 30 and reduced 11 among the top 50 holdings.
What did Cove Street Capital own in Q1 2013? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2012 |
|---|---|---|---|---|---|---|---|
| 1 | Approach Resources Inc | 5.3% | $12.6m | 513,224 | 33% | added | |
| 2 | Alleghany Corp | 5.3% | $12.6m | 31,822 | 0% | held | |
| 3 | WU Western Union Co | Financial Services | 4.4% | $10.6m | 705,840 | 2% | added |
| 4 | LYV Live Nation Entertainment Inc | Communication Services | 4.4% | $10.5m | 848,737 | 36% | added |
| 5 | COF Capital One Financial Corp | Financial Services | 4.0% | $9.5m | 173,545 | 22% | added |
| 6 | White Mountains Insurance Grou | 3.9% | $9.4m | 16,624 | -26% | reduced | |
| 7 | L Loews Corp | Financial Services | 3.9% | $9.3m | 210,730 | 4% | added |
| 8 | AIG American International Group I | Financial Services | 3.9% | $9.3m | 238,595 | 0% | held |
| 9 | Liberty Interactive Corp - Ser | 3.8% | $9.1m | 427,345 | 4% | added | |
| 10 | JPM JP Morgan Chase & Co | Financial Services | 3.7% | $8.9m | 187,318 | -0% | held |
| 11 | CLGX CoreLogic, Inc | 3.3% | $7.8m | 301,691 | 34% | added | |
| 12 | NeuStar Inc | 3.0% | $7.3m | 157,055 | 6% | added | |
| 13 | Tessera Technologies Inc | 2.9% | $7.0m | 372,978 | 39% | added | |
| 14 | PMC-Sierra Inc | 2.8% | $6.7m | 981,858 | 9% | added | |
| 15 | Crosstex Energy Inc | 2.8% | $6.6m | 343,969 | 2% | added | |
| 16 | GrafTech Intl Ltd | 2.7% | $6.4m | 833,665 | – | new | |
| 17 | Covidien Plc. Ordinary Shares | 2.6% | $6.1m | 90,638 | 3% | added | |
| 18 | Leucadia National Corp | 2.4% | $5.7m | 206,167 | – | new | |
| 19 | CENTA Central Garden & Pet Co | Consumer Defensive | 2.2% | $5.4m | 655,683 | -21% | reduced |
| 20 | Pioneer Natural Resources Co C | 2.2% | $5.2m | 41,570 | 1% | added | |
| 21 | Johnson Controls Inc | 2.1% | $5.1m | 145,485 | 204% | added | |
| 22 | Chesapeake Energy Corp | 2.0% | $4.9m | 240,168 | 32% | added | |
| 23 | BNY Bank Of New York Mellon Corp | Financial Services | 2.0% | $4.7m | 167,850 | -4% | reduced |
| 24 | TEL TE Connectivity Ltd | Technology | 1.9% | $4.5m | 108,249 | 3% | added |
| 25 | Hewlett Packard Co | 1.9% | $4.5m | 187,560 | -32% | reduced | |
| 26 | Liberty Media Cap | 1.8% | $4.4m | 39,270 | -6% | reduced | |
| 27 | EFX Equifax Inc | Industrials | 1.8% | $4.3m | 74,645 | 2% | added |
| 28 | STT State Street Corp | Financial Services | 1.7% | $4.2m | 70,655 | -9% | reduced |
| 29 | FOR Forestar Group Inc | 1.6% | $4.0m | 181,035 | – | new | |
| 30 | RVTY PerkinElmer Inc | Healthcare | 1.0% | $2.4m | 71,279 | -79% | reduced |
| 31 | FICO Fair Isaac Corp | Technology | 0.9% | $2.2m | 47,817 | 79% | added |
| 32 | Global Cash Access LLC | 0.8% | $2.0m | 284,612 | 71% | added | |
| 33 | Coinstar Inc | 0.8% | $2.0m | 33,522 | 13% | added | |
| 34 | HSN Inc | 0.7% | $1.8m | 32,744 | 67% | added | |
| 35 | TFX Teleflex Incorporated | Healthcare | 0.7% | $1.8m | 21,034 | 23% | added |
| 36 | Greif Inc | 0.7% | $1.7m | 30,565 | 9% | added | |
| 37 | Symetra Financial Inc | 0.7% | $1.7m | 124,097 | 23% | added | |
| 38 | FFBC First Finl Bancorp Ohio | Financial Services | 0.7% | $1.6m | 101,256 | 39% | added |
| 39 | Hallmark Finl Svcs New | 0.7% | $1.6m | 176,814 | 6% | added | |
| 40 | Avon Products Inc | 0.7% | $1.6m | 76,225 | -1% | reduced | |
| 41 | Westell Tech Inc | 0.7% | $1.6m | 781,968 | 45% | added | |
| 42 | Ruby Tuesday Inc | 0.6% | $1.5m | 206,987 | 34% | added | |
| 43 | Cherokee Inc New | 0.6% | $1.5m | 111,337 | 23% | added | |
| 44 | Avid Technology Inc | 0.5% | $1.3m | 204,194 | 18% | added | |
| 45 | GLW Corning Inc | Technology | 0.5% | $1.2m | 92,150 | -1% | reduced |
| 46 | BA Boeing Co | Industrials | 0.5% | $1.2m | 14,150 | 0% | held |
| 47 | Bed Bath & Beyond Inc | 0.5% | $1.1m | 17,750 | -1% | reduced | |
| 48 | WMT Wal-Mart Stores Inc | Consumer Defensive | 0.4% | $1.1m | 14,200 | -1% | reduced |
| 49 | Orient-Express Hotels | 0.4% | $933.0k | 94,600 | – | new | |
| 50 | RG Barry Corp | 0.3% | $687.0k | 51,276 | – | new |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.