Cove Street Capital 13F holdings, Q1 2016
Holdings as of March 31, 2016 · filings on SEC EDGAR · latest filing →
Cove Street Capital disclosed 103 US equity positions worth $765.9m in its Q1 2016 13F filing. The largest position was FOR at 5.5% of the reported book, followed by USG Corp and VSAT. Against the Q4 2015 filing, it opened 3 new positions, added to 20 and reduced 26 among the top 50 holdings.
What did Cove Street Capital own in Q1 2016? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2015 |
|---|---|---|---|---|---|---|---|
| 1 | FOR Forestar Group Inc | 5.5% | $41.9m | 3,210,085 | 10% | added | |
| 2 | USG Corp | 5.0% | $38.3m | 1,544,310 | 130% | added | |
| 3 | VSAT ViaSat Inc | Technology | 4.9% | $37.9m | 515,873 | -17% | reduced |
| 4 | FMC FMC Corp | Basic Materials | 4.7% | $36.0m | 891,970 | -1% | reduced |
| 5 | Carrols Restaurant Group Inc | 3.9% | $29.6m | 2,051,192 | -36% | reduced | |
| 6 | Cherokee Inc | 3.0% | $22.8m | 1,279,742 | 28% | added | |
| 7 | Heritage-Crystal Clean Inc | 2.9% | $22.1m | 2,221,491 | 6% | added | |
| 8 | GP Strategies Corp | 2.7% | $20.9m | 761,543 | 1% | added | |
| 9 | Colfax Corp | 2.4% | $18.6m | 650,018 | -29% | reduced | |
| 10 | Belmond LTD | 2.4% | $18.4m | 1,941,458 | 1% | added | |
| 11 | Hallmark Financial Services In | 2.4% | $18.2m | 1,582,649 | 5% | added | |
| 12 | NeuStar Inc - Class A | 2.1% | $16.4m | 666,578 | 2% | added | |
| 13 | Avid Technology Inc | 2.0% | $15.6m | 2,309,589 | 7% | added | |
| 14 | AVD American Vanguard Corp | Basic Materials | 2.0% | $15.1m | 959,842 | -29% | reduced |
| 15 | GSI Group Inc | 2.0% | $15.1m | 1,069,285 | -7% | reduced | |
| 16 | RAVN Raven Industries Inc | 1.9% | $14.9m | 928,414 | 50% | added | |
| 17 | TIGO Millicom International Cellula | Communication Services | 1.9% | $14.8m | 269,017 | 25% | added |
| 18 | FELE Franklin Electric Co Inc | Industrials | 1.9% | $14.6m | 454,597 | 15% | added |
| 19 | Halyard Health Inc | 1.9% | $14.6m | 508,208 | 50% | added | |
| 20 | Wesco Aircraft Holdings | 1.7% | $12.8m | 888,386 | – | new | |
| 21 | ZBRA Zebra Technologies Corp Cl A | Technology | 1.6% | $12.6m | 182,860 | – | new |
| 22 | TUP Tupperware Brands Corp | 1.6% | $12.5m | 216,170 | 2% | added | |
| 23 | PRKS SeaWorld Entertainment Inc | Consumer Cyclical | 1.6% | $12.0m | 569,442 | -14% | reduced |
| 24 | HRG Group Inc | 1.5% | $11.7m | 840,550 | -9% | reduced | |
| 25 | HP5A Equity Commonwealth | 1.5% | $11.7m | 413,286 | -6% | reduced | |
| 26 | Liberty Global PLC LiLac - A | 1.5% | $11.6m | 332,017 | -7% | reduced | |
| 27 | Baldwin & Lyons Inc Cl - B | 1.5% | $11.4m | 462,499 | -2% | reduced | |
| 28 | Leucadia National Corp | 1.4% | $11.0m | 679,759 | 5% | added | |
| 29 | Xura Inc | 1.4% | $10.4m | 530,366 | -5% | reduced | |
| 30 | Dundee Corp - CL A | 1.3% | $10.1m | 2,174,925 | 11% | added | |
| 31 | Tesco Plc | 1.3% | $9.9m | 1,191,845 | -19% | reduced | |
| 32 | Level 3 Communications Inc | 1.3% | $9.7m | 183,800 | -22% | reduced | |
| 33 | DreamWorks Animation SKG | 1.2% | $9.0m | 360,707 | -19% | reduced | |
| 34 | COF Capital One Financial Corp | Financial Services | 1.1% | $8.7m | 125,995 | -5% | reduced |
| 35 | AIG American International Group I | Financial Services | 1.1% | $8.7m | 161,275 | -12% | reduced |
| 36 | Liberty Global PLC - A | 1.1% | $8.7m | 226,410 | 67% | added | |
| 37 | JPM JPMorgan Chase & Co | Financial Services | 1.1% | $8.5m | 143,828 | -15% | reduced |
| 38 | Johnson Controls Inc | 1.1% | $8.3m | 213,880 | 1% | added | |
| 39 | VIAB Viacom Inc New Cl B | 1.1% | $8.2m | 199,260 | – | new | |
| 40 | IBM International Business Machine | Technology | 1.1% | $8.2m | 54,250 | 66% | added |
| 41 | GDEN Golden Entertainment Inc | 1.1% | $8.2m | 753,233 | -0% | held | |
| 42 | Westell Technologies Inc-A | 1.0% | $7.8m | 6,654,614 | -1% | reduced | |
| 43 | WPX Energy Inc | 0.9% | $7.0m | 1,002,002 | 8% | added | |
| 44 | Alleghany Corp | 0.9% | $6.7m | 13,501 | -6% | reduced | |
| 45 | EVINE Live Inc | 0.8% | $6.2m | 5,315,004 | -1% | reduced | |
| 46 | Liberty Interactive Corp - A | 0.7% | $5.0m | 198,660 | -29% | reduced | |
| 47 | Hertz Global Holdings Inc | 0.6% | $4.7m | 450,610 | -26% | reduced | |
| 48 | EFX Equifax Inc | Industrials | 0.6% | $4.7m | 41,084 | -25% | reduced |
| 49 | TEL TE Connectivity LTD | Technology | 0.6% | $4.7m | 75,209 | -13% | reduced |
| 50 | BNY The Bank of New York Mellon Co | Financial Services | 0.5% | $4.2m | 113,465 | -6% | reduced |
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.