Cove Street Capital 13F holdings, Q2 2014
Holdings as of June 30, 2014 · filings on SEC EDGAR · latest filing →
Cove Street Capital disclosed 71 US equity positions worth $617.8m in its Q2 2014 13F filing. The largest position was APPROACH RESOURCES INC COM at 5.8% of the reported book, followed by TAMINCO CORP COM and FOR. Against the Q1 2014 filing, it opened 3 new positions, added to 31 and reduced 14 among the top 50 holdings.
What did Cove Street Capital own in Q2 2014? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q1 2014 |
|---|---|---|---|---|---|---|---|
| 1 | APPROACH RESOURCES INC COM | 5.8% | $35.7m | 1,570,852 | 24% | added | |
| 2 | TAMINCO CORP COM | 5.0% | $31.1m | 1,335,585 | 3% | added | |
| 3 | FOR FORESTAR GROUP INC COM | 4.8% | $29.9m | 1,568,142 | 12% | added | |
| 4 | WHITE MTNS INS GROUP LTD COM | 4.1% | $25.6m | 42,059 | 7% | added | |
| 5 | GHC GRAHAM HLDGS CO COM | Industrials | 3.8% | $23.6m | 32,896 | -3% | reduced |
| 6 | CHIMERA INVT CORP COM | 3.7% | $23.0m | 7,196,730 | -17% | reduced | |
| 7 | HERITAGE CRYSTAL CLEAN INC COM | 3.3% | $20.6m | 1,049,389 | 43% | added | |
| 8 | AZZ AZZ INC COM | Industrials | 2.9% | $18.2m | 395,472 | 12% | added |
| 9 | PMC-SIERRA INC COM | 2.5% | $15.1m | 1,990,103 | 8% | added | |
| 10 | INTERNATIONAL GAME TECHNOLOGY | 2.2% | $13.4m | 843,125 | – | new | |
| 11 | LEUCADIA NATL CORP COM | 2.2% | $13.3m | 508,910 | 13% | added | |
| 12 | REMY INTL INC COM | 2.1% | $12.9m | 550,959 | -1% | reduced | |
| 13 | ALLEGHANY CORP DEL COM | 2.1% | $12.8m | 29,281 | -3% | reduced | |
| 14 | COF CAPITAL ONE FINL CORP COM | Financial Services | 2.0% | $12.5m | 151,340 | -4% | reduced |
| 15 | LIBERTY INTERACTIVE CORP INT C | 2.0% | $12.5m | 425,370 | -5% | reduced | |
| 16 | Orient-Express Hotels Ltd | 2.0% | $12.2m | 837,382 | 45% | added | |
| 17 | LEVEL 3 COMMUNICATIONS INC COM | 2.0% | $12.2m | 276,865 | 444% | added | |
| 18 | AIG AMERICAN INTL GROUP INC COM NE | Financial Services | 2.0% | $12.1m | 221,040 | -2% | reduced |
| 19 | GLOBAL CASH ACCESS HLDGS INC C | 1.9% | $11.7m | 1,310,724 | 8% | added | |
| 20 | HALLMARK FINL SVCS INC EC C | 1.9% | $11.6m | 1,083,469 | 18% | added | |
| 21 | JPM JPMORGAN CHASE & CO COM | Financial Services | 1.8% | $11.2m | 194,653 | -0% | held |
| 22 | AVID TECHNOLOGY INC COM | 1.8% | $11.2m | 1,513,955 | 6% | added | |
| 23 | OXY OCCIDENTAL PETE CORP DEL COM | Energy | 1.8% | $11.1m | 108,630 | -1% | reduced |
| 24 | JOHNSON CTLS INC COM | 1.8% | $11.0m | 220,440 | 2% | added | |
| 25 | HERTZ GLOBAL HOLDINGS INC COM | 1.8% | $10.8m | 386,750 | – | new | |
| 26 | FICO FAIR ISAAC CORP COM | Technology | 1.7% | $10.5m | 164,155 | 11% | added |
| 27 | CHEROKEE INC DEL NEW COM | 1.7% | $10.4m | 685,551 | 17% | added | |
| 28 | SYMETRA FINL CORP COM | 1.6% | $10.1m | 445,389 | 9% | added | |
| 29 | BARNES & NOBLE INC COM | 1.6% | $9.9m | 435,900 | 34% | added | |
| 30 | EMERALD OIL INC COM NEW | 1.6% | $9.8m | 1,283,152 | 7% | added | |
| 31 | FRANCESCAS HLDGS CORP COM | 1.5% | $9.2m | 626,790 | 309% | added | |
| 32 | HSN INC COM | 1.5% | $9.1m | 153,605 | 17% | added | |
| 33 | GP STRATEGIES CORP COM | 1.4% | $8.9m | 345,273 | 20% | added | |
| 34 | VSAT VIASAT INC COM | Technology | 1.3% | $7.7m | 133,540 | – | new |
| 35 | GSI GROUP INC CDA NEW COM NEW | 1.2% | $7.6m | 599,374 | 9% | added | |
| 36 | INTL FCSTONE INC COM | 1.2% | $7.4m | 373,626 | 367% | added | |
| 37 | WESTELL TECHNOLOGIES INC CL A | 1.2% | $7.2m | 2,952,750 | 112% | added | |
| 38 | NEUSTAR INC CL A | 1.1% | $6.9m | 266,810 | -40% | reduced | |
| 39 | BNY BANK NEW YORK MELLON CORP COM | Financial Services | 1.1% | $6.9m | 183,600 | -4% | reduced |
| 40 | GM GENERAL MTRS CO COM | Consumer Cyclical | 1.1% | $6.8m | 187,300 | 22% | added |
| 41 | GREIF INC CL B | 1.0% | $6.2m | 102,953 | 7% | added | |
| 42 | CHESAPEAKE ENERGY CORP COM | 1.0% | $6.0m | 193,858 | -2% | reduced | |
| 43 | SIGNATURE GROUP HLDGS INC NEW | 1.0% | $5.9m | 581,132 | -0% | held | |
| 44 | TEL TE CONNECTIVITY LTD REG SHS | Technology | 0.9% | $5.9m | 94,899 | -7% | reduced |
| 45 | BALDWIN & LYONS INC CL B | 0.9% | $5.6m | 214,227 | 154% | added | |
| 46 | APCO OIL & GAS INTERNATIONAL I | 0.9% | $5.5m | 383,586 | 14% | added | |
| 47 | EFX EQUIFAX INC COM | Industrials | 0.9% | $5.5m | 75,375 | -1% | reduced |
| 48 | LIBERTY MEDIA CORP DELAWARE CL | 0.8% | $5.2m | 38,395 | -2% | reduced | |
| 49 | LAKES ENTMNT INC COM | 0.6% | $3.5m | 741,431 | 26% | added | |
| 50 | L LOEWS CORP COM | Financial Services | 0.5% | $2.9m | 67,000 | 4% | 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.