WhaleCreep

Cove Street Capital 13F holdings, Q2 2013

Long-only investorSEC filingsCompare with another fundHoldings as of 2013-06-30, filed 2013-08-13

Cove Street Capital disclosed 69 US equity positions worth $455.2m in its Q2 2013 13F filing. Its largest position is SPX CORP at 5.3% of the reported book, followed by AREXQ and WHITE MTNS INS GROUP LTD. Versus Q1 2013 it opened 20 new positions, added to 40, reduced 7 and exited 4.

$455m
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
69
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
5.3%
Largest position
The largest single position as a share of the reported equity book.
33.0%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
45
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 Q1 2013: 20 new, 40 added, 7 reduced, 4 exited

50 of 69
SPX CORP no ticker–5.3%$24.0m334,090–new
AREXQ APPROACH RESOURCES INC–5.0%$22.9m930,506+81%added
WHITE MTNS INS GROUP LTD no ticker–4.2%$19.0m33,104+99%added
NEUSTAR INC no ticker–3.3%$14.9m305,462+94%added
Washington Post Co no ticker–2.7%$12.4m25,648–new
CLGX CORELOGIC INC–2.7%$12.3m528,885+75%added
PMC-SIERRA INC no ticker–2.6%$11.7m1.85m+88%added
COF CAPITAL ONE FINL CORPFinancial Services2.4%$11.1m177,145+2.1%added
AIG American International GroupFinancial Services2.4%$11.1m247,395+3.7%added
CROSSTEX ENERGY INC no ticker–2.4%$11.0m558,023+62%added
JPM JPMORGAN CHASE & COFinancial Services2.3%$10.7m201,823+7.7%added
VERIFONE SYS INC no ticker–2.3%$10.6m632,850–new
LIBERTY INTERACTIVE CORP no ticker–2.3%$10.5m454,795+6.4%added
REMY INTL INC no ticker–2.3%$10.4m558,744–new
L LOEWS CORPFinancial Services2.3%$10.3m232,830+10%added
GRAFTECH INTL LTD no ticker–2.3%$10.3m1.41m+70%added
YUSD ALLEGHANY CORP DEL–2.3%$10.3m26,786−16%reduced
FOR FORESTAR GROUP INCReal Estate2.0%$9.3m463,240+156%added
GLOBAL CASH ACCESS HLDGS INC no ticker–2.0%$9.2m1.47m+416%added
LYV LIVE NATION ENTERTAINMENT INCommunication Services1.7%$7.6m489,377−42%reduced
HARMAN INTL INDS INC no ticker–1.6%$7.5m137,480–new
SYMETRA FINL CORP no ticker–1.6%$7.4m465,129+275%added
WU WESTERN UN COFinancial Services1.6%$7.1m416,140−41%reduced
ORIENT-EXPRESS HOTELS LTD no ticker–1.5%$7.0m578,217+511%added
COINSTAR INC no ticker–1.5%$6.9m117,211+250%added
GSI GROUP INC CDA NEW no ticker–1.4%$6.4m801,309–new
HALLUSD HALLMARK FINL SVCS INC–1.4%$6.4m703,370+298%added
HSN INC no ticker–1.4%$6.2m115,611+253%added
FFBC FIRST FINL BANCORP OHFinancial Services1.4%$6.2m415,824+311%added
TFX TELEFLEX INCORPORATEDHealthcare1.4%$6.2m79,428+278%added
CHEROKEE INC DEL NEW no ticker–1.4%$6.2m481,223+332%added
FICO FAIR ISAAC CORPTechnology1.4%$6.1m134,120+180%added
COVIDIEN PLC no ticker–1.3%$6.1m97,557+7.6%added
GPX GP STRATEGIES CORP–1.3%$6.1m255,408–new
CENTA CENTRAL GARDEN & PET COConsumer Defensive1.3%$5.9m860,961+31%added
BARRY R G CORP OHIO no ticker–1.3%$5.9m361,259+605%added
BNY BANK OF NY MELLON CORPFinancial Services1.3%$5.8m206,800+23%added
GM General Motors CorpConsumer Cyclical1.2%$5.6m167,785–new
AVID TECHNOLOGY INC no ticker–1.2%$5.6m947,843+364%added
BARNES & NOBLE INC no ticker–1.2%$5.5m347,267–new
WESTELL TECHNOLOGIES INC no ticker–1.2%$5.3m2.23m+185%added
CHKEUR CHESAPEAKE ENERGY CORP–1.2%$5.3m260,208+8.3%added
LIBERTY MEDIA CORP DELAWARE no ticker–1.1%$5.2m41,095+4.6%added
PXDEUR PIONEER NAT RES CO–1.1%$5.2m35,745−14%reduced
TEL TE CONNECTIVITY LTDTechnology1.1%$5.1m112,799+4.2%added
JOHNSON CTLS INC no ticker–1.1%$5.1m141,935−2.4%reduced
LEUCADIA NATL CORP no ticker–1.1%$5.0m188,973−8.3%reduced
HEWLETT PACKARD CO no ticker–1.1%$4.9m197,210+5.1%added
RUBY TUESDAY INC no ticker–1.1%$4.8m524,893+154%added
HCCIUSD HERITAGE CRYSTAL CLEAN INC–1.1%$4.8m330,629–new

Exited since Q1 2013

4 rows
TESSERA TECHNOLOGIES INC no ticker2.9%$7.0m
RVTY REVVITY INC1.0%$2.4m
AVPUSD AVON PRODS INC0.7%$1.6m
JP Morgan Chase Warrants 10/28 no ticker0.07%$171k

Sector mix

  • Unclassified72.4%
  • Financial Services14.4%
  • Technology2.8%
  • Real Estate2.1%
  • Consumer Cyclical1.7%
  • Communication Services1.7%
  • Consumer Defensive1.6%
  • Industrials1.4%
  • Healthcare1.4%
  • Energy0.6%

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