Cove Street Capital 13F holdings, Q3 2014
Holdings as of September 30, 2014 · filings on SEC EDGAR · latest filing →
Cove Street Capital disclosed 92 US equity positions worth $641.7m in its Q3 2014 13F filing. The largest position was Approach Resources Inc at 4.7% of the reported book, followed by FOR and White Mountains Insurance Grou. Against the Q2 2014 filing, it opened 6 new positions, added to 26 and reduced 15 among the top 50 holdings.
What did Cove Street Capital own in Q3 2014? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2014 |
|---|---|---|---|---|---|---|---|
| 1 | Approach Resources Inc | 4.7% | $30.3m | 2,088,537 | 33% | added | |
| 2 | FOR Forestar Group Inc | 4.5% | $28.7m | 1,619,239 | 3% | added | |
| 3 | White Mountains Insurance Grou | 4.0% | $25.7m | 40,756 | -3% | reduced | |
| 4 | GHC Graham Holdings | Industrials | 3.7% | $23.7m | 33,849 | 3% | added |
| 5 | Taminco Corporation | 3.6% | $23.3m | 891,060 | -33% | reduced | |
| 6 | Chimera Investment Corporation | 3.5% | $22.2m | 7,291,565 | 1% | added | |
| 7 | Heritage-Crystal Clean Inc | 3.0% | $19.5m | 1,312,456 | 25% | added | |
| 8 | AZZ AZZ Inc | Industrials | 2.7% | $17.6m | 421,492 | 7% | added |
| 9 | Carrols Restaurant Group Inc | 2.7% | $17.6m | 2,472,559 | – | new | |
| 10 | PMC-Sierra Inc | 2.4% | $15.6m | 2,084,823 | 5% | added | |
| 11 | VSAT ViaSat Inc | Technology | 2.3% | $14.9m | 271,235 | 103% | added |
| 12 | Remy International Inc | 2.2% | $14.2m | 690,344 | 25% | added | |
| 13 | Cherokee Inc | 2.0% | $12.9m | 710,570 | 4% | added | |
| 14 | Level 3 Communications Inc | 2.0% | $12.8m | 280,955 | 1% | added | |
| 15 | Leucadia National Corporation | 1.9% | $12.4m | 520,145 | 2% | added | |
| 16 | GSI Group Inc | 1.9% | $12.2m | 1,057,836 | 76% | added | |
| 17 | Avid Technology Inc | 1.9% | $12.0m | 1,187,206 | -22% | reduced | |
| 18 | Liberty Interactive Corporatio | 1.9% | $12.0m | 419,955 | -1% | reduced | |
| 19 | Hallmark Financial Services In | 1.9% | $11.9m | 1,158,933 | 7% | added | |
| 20 | Alleghany Corporation | 1.9% | $11.9m | 28,571 | -2% | reduced | |
| 21 | JPM JPMorgan Chase & Co | Financial Services | 1.8% | $11.7m | 194,083 | -0% | held |
| 22 | COF Capital One Financial Corporat | Financial Services | 1.8% | $11.6m | 142,265 | -6% | reduced |
| 23 | AIG American International Group I | Financial Services | 1.8% | $11.4m | 210,860 | -5% | reduced |
| 24 | GP Strategies Corp | 1.8% | $11.4m | 395,720 | 15% | added | |
| 25 | Westell Technologies Inc-A | 1.8% | $11.4m | 6,169,092 | 109% | added | |
| 26 | Belmond LTD | 1.7% | $10.9m | 938,567 | – | new | |
| 27 | Symetra Financial Corporation | 1.7% | $10.7m | 456,579 | 3% | added | |
| 28 | Hertz Global Holdings Inc | 1.6% | $10.0m | 395,610 | 2% | added | |
| 29 | OXY Occidental Petroleum Corporat | Energy | 1.6% | $10.0m | 104,070 | -4% | reduced |
| 30 | HSN Inc | 1.5% | $9.8m | 158,903 | 3% | added | |
| 31 | INTL FCStone Inc | 1.5% | $9.7m | 560,846 | 50% | added | |
| 32 | Johnson Controls Inc | 1.5% | $9.7m | 220,355 | -0% | held | |
| 33 | OM Group Inc | 1.4% | $9.1m | 350,900 | – | new | |
| 34 | Emerald Oil Inc | 1.4% | $9.1m | 1,475,552 | 15% | added | |
| 35 | AVD American Vanguard Corp | Basic Materials | 1.4% | $9.0m | 802,600 | 437% | added |
| 36 | Francesca's Holdings Corporati | 1.3% | $8.5m | 611,855 | -2% | reduced | |
| 37 | Baldwin & Lyons Inc | 1.3% | $8.1m | 326,919 | 53% | added | |
| 38 | FICO Fair Isaac Corporation | Technology | 1.2% | $7.9m | 142,984 | -13% | reduced |
| 39 | Wesco Air Craft Holdings Ord | 1.2% | $7.5m | 428,177 | – | new | |
| 40 | BNY The Bank of New York Mellon Co | Financial Services | 1.0% | $6.6m | 171,090 | -7% | reduced |
| 41 | Greif Inc CL B | 1.0% | $6.4m | 130,226 | 26% | added | |
| 42 | NeuStar Inc | 1.0% | $6.4m | 256,841 | -4% | reduced | |
| 43 | Barnes & Noble Inc | 1.0% | $6.2m | 315,716 | -28% | reduced | |
| 44 | GM General Motors Company | Consumer Cyclical | 0.9% | $6.0m | 189,170 | 1% | added |
| 45 | Apco Oil & Gas International I | 0.9% | $5.6m | 436,756 | 14% | added | |
| 46 | EFX Equifax Inc | Industrials | 0.9% | $5.6m | 75,055 | -0% | held |
| 47 | TEL TE Connectivity LTD | Technology | 0.8% | $5.0m | 90,759 | -4% | reduced |
| 48 | Lakes Entertainment Inc | 0.7% | $4.8m | 571,154 | – | new | |
| 49 | Signature Group Holdings Inc | 0.7% | $4.6m | 571,448 | -2% | reduced | |
| 50 | Liberty Media Corporation | 0.6% | $3.6m | 76,690 | – | 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.