Cove Street Capital 13F holdings, Q4 2014
Holdings as of December 31, 2014 · filings on SEC EDGAR · latest filing →
Cove Street Capital disclosed 110 US equity positions worth $671.0m in its Q4 2014 13F filing. The largest position was FOR at 4.8% of the reported book, followed by Chimera Investment Corporation and Carrols Restaurant Group Inc. Against the Q3 2014 filing, it opened 5 new positions, added to 24 and reduced 19 among the top 50 holdings.
What did Cove Street Capital own in Q4 2014? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2014 |
|---|---|---|---|---|---|---|---|
| 1 | FOR Forestar Group Inc | 4.8% | $32.4m | 2,100,844 | 30% | added | |
| 2 | Chimera Investment Corporation | 4.6% | $30.6m | 9,606,970 | 32% | added | |
| 3 | Carrols Restaurant Group Inc | 3.2% | $21.3m | 2,794,275 | 13% | added | |
| 4 | Liberty Ventures Srs A | 2.9% | $19.8m | 523,843 | – | new | |
| 5 | Approach Resources Inc | 2.9% | $19.7m | 3,088,838 | 48% | added | |
| 6 | Heritage-Crystal Clean Inc | 2.9% | $19.5m | 1,585,206 | 21% | added | |
| 7 | Wesco Air Craft Holdings Ord | 2.5% | $16.9m | 1,211,815 | 183% | added | |
| 8 | VSAT ViaSat Inc | Technology | 2.4% | $16.3m | 259,135 | -4% | reduced |
| 9 | GSI Group Inc | 2.4% | $15.9m | 1,079,241 | 2% | added | |
| 10 | AVD American Vanguard Corp | Basic Materials | 2.3% | $15.4m | 1,329,545 | 66% | added |
| 11 | Remy International Inc | 2.3% | $15.1m | 723,569 | 5% | added | |
| 12 | Hallmark Financial Services In | 2.2% | $14.6m | 1,204,983 | 4% | added | |
| 13 | Cherokee Inc | 2.1% | $14.2m | 736,068 | 4% | added | |
| 14 | Level 3 Communications Inc | 2.1% | $14.0m | 283,455 | 1% | added | |
| 15 | Belmond LTD | 2.1% | $13.9m | 1,126,157 | 20% | added | |
| 16 | White Mountains Insurance Grou | 2.0% | $13.3m | 21,152 | -48% | reduced | |
| 17 | PMC-Sierra Inc | 2.0% | $13.3m | 1,449,766 | -30% | reduced | |
| 18 | Avid Technology Inc | 1.9% | $12.8m | 904,084 | -24% | reduced | |
| 19 | INTL FCStone Inc | 1.8% | $12.2m | 594,906 | 6% | added | |
| 20 | GP Strategies Corp | 1.8% | $12.0m | 355,005 | -10% | reduced | |
| 21 | Johnson Controls Inc | 1.8% | $12.0m | 248,745 | 13% | added | |
| 22 | OM Group Inc | 1.8% | $12.0m | 402,430 | 15% | added | |
| 23 | JPM JPMorgan Chase & Co | Financial Services | 1.8% | $12.0m | 191,383 | -1% | reduced |
| 24 | AIG American International Group I | Financial Services | 1.8% | $11.9m | 211,960 | 1% | added |
| 25 | Halyard Health Inc | 1.7% | $11.7m | 256,255 | – | new | |
| 26 | COF Capital One Financial Corporat | Financial Services | 1.7% | $11.5m | 139,665 | -2% | reduced |
| 27 | Comverse Inc | 1.6% | $10.8m | 576,750 | 1054% | added | |
| 28 | PRKS SeaWorld Entertainment Inc | Consumer Cyclical | 1.6% | $10.8m | 604,600 | – | new |
| 29 | Liberty Interactive Corp - A | 1.6% | $10.7m | 364,255 | -13% | reduced | |
| 30 | NeuStar Inc | 1.6% | $10.5m | 379,216 | 48% | added | |
| 31 | Leucadia National Corporation | 1.6% | $10.5m | 466,682 | -10% | reduced | |
| 32 | Symetra Financial Corporation | 1.5% | $10.3m | 446,047 | -2% | reduced | |
| 33 | Westell Technologies Inc-A | 1.5% | $10.2m | 6,810,306 | 10% | added | |
| 34 | AZZ AZZ Inc | Industrials | 1.5% | $10.1m | 215,461 | -49% | reduced |
| 35 | Baldwin & Lyons Inc | 1.3% | $9.0m | 350,729 | 7% | added | |
| 36 | GHC Graham Holdings | Industrials | 1.2% | $8.3m | 9,590 | -72% | reduced |
| 37 | Hertz Global Holdings Inc | 1.2% | $7.7m | 310,375 | -22% | reduced | |
| 38 | Francesca's Holdings Corporati | 1.2% | $7.7m | 463,420 | -24% | reduced | |
| 39 | Alleghany Corporation | 1.1% | $7.4m | 16,068 | -44% | reduced | |
| 40 | BNY The Bank of New York Mellon Co | Financial Services | 1.0% | $6.9m | 171,090 | 0% | held |
| 41 | FICO Fair Isaac Corporation | Technology | 1.0% | $6.8m | 93,955 | -34% | reduced |
| 42 | GM General Motors Company | Consumer Cyclical | 1.0% | $6.4m | 184,194 | -3% | reduced |
| 43 | EFX Equifax Inc | Industrials | 0.9% | $6.1m | 75,055 | 0% | held |
| 44 | Apco Oil & Gas International I | 0.9% | $5.9m | 418,031 | -4% | reduced | |
| 45 | TEL TE Connectivity LTD | Technology | 0.9% | $5.8m | 91,759 | 1% | added |
| 46 | Tesco Plc | 0.7% | $5.0m | 568,900 | – | new | |
| 47 | Lakes Entertainment Inc | 0.7% | $4.8m | 709,468 | 24% | added | |
| 48 | OXY Occidental Petroleum Corporat | Energy | 0.7% | $4.7m | 58,900 | -43% | reduced |
| 49 | Signature Group Holdings Inc | 0.7% | $4.7m | 653,598 | 14% | added | |
| 50 | E.W. Scripps Company | 0.6% | $4.3m | 194,639 | – | 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.