WhaleCreep

Cove Street Capital 13F holdings, Q2 2015

Long-only investorSEC filingsCompare with another fundHoldings as of 2015-06-30, filed 2015-08-13

Cove Street Capital disclosed 108 US equity positions worth $829.8m in its Q2 2015 13F filing. Its largest position is BELMOND LTD at 4.6% of the reported book, followed by TASTUSD and VSAT. Versus Q1 2015 it opened 13 new positions, added to 35, reduced 29 and exited 19.

$830m
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
108
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
4.6%
Largest position
The largest single position as a share of the reported equity book.
37.4%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
44
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 2015: 13 new, 35 added, 29 reduced, 19 exited

50 of 108
BELMOND LTD no ticker–4.6%$38.1m3.05m+6.0%added
TASTUSD CARROLS RESTAURANT GROUP INC–4.6%$37.8m3.64m+7.9%added
VSAT VIASAT INCTechnology4.6%$37.8m627,655+65%added
NEUSTAR INC no ticker–3.8%$31.3m1.07m−33%reduced
LIBERTY INTERACTIVE CORP no ticker–3.7%$30.7m781,845+43%added
FOR FORESTAR GROUP INCReal Estate3.7%$30.5m2.32m+6.1%added
COMVERSE INC no ticker–3.7%$30.5m1.52m+117%added
HCCIUSD HERITAGE CRYSTAL CLEAN INC–3.4%$28.3m1.92m+2.6%added
AREXQ APPROACH RESOURCES INC–2.9%$24.2m3.53m+0.7%added
AVD AMERICAN VANGUARD CORPBasic Materials2.5%$21.0m1.52m+8.4%added
REMY INTL INC NEW no ticker–2.4%$20.3m917,563+5.8%added
GSI GROUP INC CDA NEW no ticker–2.2%$18.0m1.20m+7.7%added
HALLUSD HALLMARK FINL SVCS INC–2.1%$17.2m1.51m+5.2%added
DREAMWORKS ANIMATION SKG INC no ticker–2.0%$16.8m635,357−28%reduced
LEUCADIA NATL CORP no ticker–2.0%$16.6m684,420+27%added
CHEROKEE INC DEL NEW no ticker–2.0%$16.5m584,860−21%reduced
HP5A EQUITY COMWLTH–1.8%$15.3m595,420–new
WHITE MTNS INS GROUP LTD no ticker–1.8%$14.6m22,302+3.4%added
FRANUSD FRANCESCAS HLDGS CORP–1.8%$14.6m1.08m+49%added
HRG GROUP INC no ticker–1.7%$13.8m1.06m–new
GPX GP STRATEGIES CORP–1.6%$13.3m399,233+21%added
SYMETRA FINL CORP no ticker–1.5%$12.8m529,404+9.7%added
AIG American International GroupFinancial Services1.5%$12.8m206,450−2.3%reduced
LEVEL 3 COMMUNICATIONS INC no ticker–1.5%$12.7m241,275−6.0%reduced
WPXUSD WPX ENERGY INC–1.5%$12.6m1.03m+94%added
JPM JPMORGAN CHASE & COFinancial Services1.5%$12.6m185,858−3.4%reduced
PRKS UNITED PARKS & RESORTS INCConsumer Cyclical1.5%$12.3m669,399+6.8%added
COF CAPITAL ONE FINL CORPFinancial Services1.5%$12.2m138,470−1.4%reduced
EVLVUSD EVINE LIVE INC–1.5%$12.1m4.49m+1397%added
ATUEUR ACTUANT CORP–1.4%$11.6m504,478+13%added
Tesco Plc no ticker–1.3%$11.2m1.12m+4.2%added
IBM INTERNATIONAL BUSINESS MACHSTechnology1.3%$11.2m68,685−0.4%held
JOHNSON CTLS INC no ticker–1.3%$10.7m216,175−8.1%reduced
HALYARD HEALTH INC no ticker–1.3%$10.7m263,366+13%added
BALDWIN & LYONS INC no ticker–1.3%$10.5m457,857+22%added
ANIK ANIKA THERAPEUTICS INCHealthcare1.3%$10.5m318,713+2767%added
AVID TECHNOLOGY INC no ticker–1.1%$9.1m678,677−17%reduced
HERTZ GLOBAL HOLDINGS INC no ticker–1.1%$8.8m486,425−4.0%reduced
LIBERTY INTERACTIVE CORP no ticker–1.0%$8.4m302,590−22%reduced
OM GROUP INC no ticker–1.0%$8.2m245,339−42%reduced
Real Industry Inc no ticker–0.9%$7.8m686,832–new
YUSD ALLEGHANY CORP DEL–0.9%$7.3m15,493−2.1%reduced
WESTELL TECHNOLOGIES INC no ticker–0.8%$6.9m6.93m−1.6%reduced
BNY BANK OF NY MELLON CORPFinancial Services0.8%$6.7m159,890−2.1%reduced
LAKES ENTMNT INC no ticker–0.8%$6.7m733,357−0.2%held
EFX EQUIFAX INCIndustrials0.8%$6.5m66,765−1.2%reduced
LIBERTY GLOBAL PLC no ticker–0.7%$6.2m114,980–new
TEL TE CONNECTIVITY LTDTechnology0.7%$5.8m89,784−1.2%reduced
GM General Motors CorpConsumer Cyclical0.7%$5.6m167,884−6.6%reduced
Dundee Corp - CL A no ticker–0.5%$4.4m438,100–new

Exited since Q1 2015

19 rows
SSP SCRIPPS E W CO OHIO0.9%$6.9m
Signature Group Holdings NEW no ticker0.8%$6.1m
LBRDAEUR LIBERTY BROADBAND CORP0.6%$4.6m
CHEMTURA CORP no ticker0.6%$4.3m
OXY OCCIDENTAL PETE CORP0.3%$2.2m
8L8C LIBERTY BROADBAND CORP0.3%$2.1m
EMERALD OIL INC no ticker0.3%$2.1m
CBPXEUR CONTINENTAL BLDG PRODS INC0.2%$1.6m
AIMCUSD ALTRA INDL MOTION CORP0.1%$1.1m
NNBR NN INC0.1%$1.1m
NLYEUR ANNALY CAPITAL MANAGEMENT IN0.1%$1.1m
MORGANS HOTEL GROUP CO no ticker0.1%$969k
ENZNEUR ENZON PHARMACEUTICALS INC0.10%$755k
Conrad Industries Inc no ticker0.09%$715k
CENT CENTRAL GARDEN & PET CO0.06%$493k
TNAVEUR TELENAV INC0.05%$396k
CAFEPRESS INC no ticker0.05%$389k
GHC GRAHAM HLDGS CO0.03%$263k
CVX CHEVRON CORPORATION0.03%$210k

Sector mix

  • Unclassified74.7%
  • Technology6.9%
  • Financial Services5.6%
  • Real Estate4.0%
  • Basic Materials2.5%
  • Consumer Cyclical2.2%
  • Healthcare1.6%
  • Industrials1.3%
  • Communication Services0.6%
  • Utilities0.3%
  • Energy0.2%

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