Cove Street Capital 13F holdings, Q1 2014
Holdings as of March 31, 2014 · filings on SEC EDGAR · latest filing →
Cove Street Capital disclosed 66 US equity positions worth $532.1m in its Q1 2014 13F filing. The largest position was Taminco Corp at 5.1% of the reported book, followed by Approach Resources Inc and Chimera Investment Corp. Against the Q4 2013 filing, it opened 2 new positions, added to 26 and reduced 21 among the top 50 holdings.
What did Cove Street Capital own in Q1 2014? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2013 |
|---|---|---|---|---|---|---|---|
| 1 | Taminco Corp | 5.1% | $27.3m | 1,299,705 | 3% | added | |
| 2 | Approach Resources Inc | 5.0% | $26.5m | 1,267,921 | 9% | added | |
| 3 | Chimera Investment Corp | 5.0% | $26.5m | 8,652,065 | 26% | added | |
| 4 | FOR Forestar Group Inc | 4.7% | $24.8m | 1,395,897 | 5% | added | |
| 5 | GHC Graham Holdings Company | Industrials | 4.5% | $23.7m | 33,745 | -3% | reduced |
| 6 | White Mountains Insurance Grou | 4.4% | $23.7m | 39,437 | 4% | added | |
| 7 | AZZ AZZ Inc | Industrials | 3.0% | $15.7m | 352,037 | 107% | added |
| 8 | NeuStar Inc | 2.7% | $14.5m | 447,276 | 34% | added | |
| 9 | PMC-Sierra Inc | 2.6% | $14.0m | 1,836,971 | -8% | reduced | |
| 10 | Heritage-Crystal Clean Inc | 2.5% | $13.3m | 731,326 | 12% | added | |
| 11 | Remy International Inc | 2.5% | $13.1m | 553,899 | -1% | reduced | |
| 12 | Liberty Interactive Corp | 2.4% | $12.9m | 448,570 | -1% | reduced | |
| 13 | Leucadia National Corp | 2.4% | $12.6m | 449,975 | 131% | added | |
| 14 | Alleghany Corp | 2.3% | $12.3m | 30,215 | 1% | added | |
| 15 | COF Capital One Financial Corp | Financial Services | 2.3% | $12.2m | 158,160 | -4% | reduced |
| 16 | JPM JPMorgan Chase & Co | Financial Services | 2.2% | $11.8m | 195,073 | -1% | reduced |
| 17 | AIG American International Group I | Financial Services | 2.1% | $11.3m | 226,160 | -4% | reduced |
| 18 | OXY Occidental Petroleum Corp | Energy | 2.0% | $10.5m | 109,830 | -0% | held |
| 19 | Johnson Controls Inc | 1.9% | $10.3m | 216,740 | 59% | added | |
| 20 | Avid Technology Inc | 1.6% | $8.7m | 1,432,315 | 17% | added | |
| 21 | TFX Teleflex Inc | Healthcare | 1.6% | $8.6m | 79,861 | -5% | reduced |
| 22 | Orient-Express Hotels Ltd | 1.6% | $8.3m | 579,057 | 6% | added | |
| 23 | Global Cash Access Holdings In | 1.6% | $8.3m | 1,208,646 | 24% | added | |
| 24 | Cherokee Inc | 1.5% | $8.2m | 587,223 | 7% | added | |
| 25 | FICO Fair Isaac Corp | Technology | 1.5% | $8.2m | 147,508 | 9% | added |
| 26 | Symetra Financial Corp | 1.5% | $8.1m | 407,360 | 4% | added | |
| 27 | Emerald Oil Inc | 1.5% | $8.1m | 1,201,377 | 12% | added | |
| 28 | HSN Inc | 1.5% | $7.9m | 131,539 | 1% | added | |
| 29 | GP Strategies Corp | 1.5% | $7.8m | 287,343 | 12% | added | |
| 30 | Hallmark Financial Services In | 1.4% | $7.7m | 921,541 | 10% | added | |
| 31 | GSI Group Inc | 1.3% | $7.2m | 548,444 | -12% | reduced | |
| 32 | Covidien PLC | 1.3% | $7.0m | 94,882 | -4% | reduced | |
| 33 | RG Barry Corp | 1.3% | $6.8m | 360,643 | -9% | reduced | |
| 34 | Barnes & Noble Inc | 1.3% | $6.8m | 324,975 | -37% | reduced | |
| 35 | BNY The Bank Of New York Mellon Co | Financial Services | 1.3% | $6.7m | 190,600 | -1% | reduced |
| 36 | TEL TE Connectivity Ltd | Technology | 1.2% | $6.1m | 101,771 | -9% | reduced |
| 37 | Signature Group Holdings Inc | 1.1% | $6.0m | 582,157 | 16% | added | |
| 38 | Greif B Inc | 1.1% | $5.6m | 96,197 | 2% | added | |
| 39 | GM General Motors Co | Consumer Cyclical | 1.0% | $5.3m | 153,735 | -4% | reduced |
| 40 | EFX Equifax Inc | Industrials | 1.0% | $5.2m | 76,375 | -4% | reduced |
| 41 | Westell Technologies Inc | 1.0% | $5.1m | 1,392,783 | -3% | reduced | |
| 42 | Liberty Media Corp | 1.0% | $5.1m | 38,995 | -3% | reduced | |
| 43 | LQDT Liquidity Services Inc | Consumer Cyclical | 1.0% | $5.1m | 194,918 | – | new |
| 44 | Chesapeake Energy Corp | 0.9% | $5.1m | 197,258 | -4% | reduced | |
| 45 | Apco Oil and Gas International | 0.9% | $4.9m | 336,995 | 25% | added | |
| 46 | SPX Corp | 0.7% | $3.7m | 37,370 | -72% | reduced | |
| 47 | Lakes Entertainment Inc | 0.6% | $2.9m | 587,602 | 539% | added | |
| 48 | L Loews Corp | Financial Services | 0.5% | $2.9m | 64,700 | -73% | reduced |
| 49 | Francesca's Holdings Corp | 0.5% | $2.8m | 153,200 | – | new | |
| 50 | BA The Boeing Co | Industrials | 0.5% | $2.8m | 22,025 | 94% | added |
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.