Cove Street Capital 13F holdings, Q2 2016
Holdings as of June 30, 2016 · filings on SEC EDGAR · latest filing →
Cove Street Capital disclosed 103 US equity positions worth $1.4bn in its Q2 2016 13F filing. The largest position was FMC at 6.1% of the reported book, followed by VSAT and FOR. Against the Q1 2016 filing, it opened 8 new positions, added to 33 and reduced 8 among the top 50 holdings.
What did Cove Street Capital own in Q2 2016? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q1 2016 |
|---|---|---|---|---|---|---|---|
| 1 | FMC FMC Corp | Basic Materials | 6.1% | $86.5m | 1,057,995 | 19% | added |
| 2 | VSAT ViaSat Inc | Technology | 5.8% | $82.4m | 652,403 | 26% | added |
| 3 | FOR Forestar Group Inc | 5.1% | $73.2m | 3,536,822 | 10% | added | |
| 4 | USG Corp | 4.2% | $59.5m | 1,204,055 | -22% | reduced | |
| 5 | VeriFone Systems Inc | 4.0% | $57.1m | 1,733,615 | – | new | |
| 6 | Heritage-Crystal Clean Inc | 3.9% | $56.0m | 2,662,845 | 20% | added | |
| 7 | Carrols Restaurant Group Inc | 3.6% | $51.3m | 2,528,229 | 23% | added | |
| 8 | Liberty Media Corp CL-A | 3.2% | $45.8m | 1,394,677 | 5062% | added | |
| 9 | Halyard Health Inc | 3.1% | $44.1m | 816,808 | 61% | added | |
| 10 | TIGO Millicom International Cellula | Communication Services | 3.0% | $42.4m | 385,812 | 43% | added |
| 11 | ZBRA Zebra Technologies Corp Cl A | Technology | 2.9% | $41.7m | 474,325 | 159% | added |
| 12 | GP Strategies Corp | 2.9% | $41.2m | 1,108,546 | 46% | added | |
| 13 | Hallmark Financial Services In | 2.7% | $38.8m | 1,991,696 | 26% | added | |
| 14 | Belmond LTD | 2.5% | $36.1m | 2,078,235 | 7% | added | |
| 15 | Avid Technology Inc | 2.5% | $35.0m | 3,553,985 | 54% | added | |
| 16 | RAVN Raven Industries Inc | 2.5% | $34.9m | 1,082,025 | 17% | added | |
| 17 | NOVT Novanta Inc | Technology | 2.3% | $33.0m | 1,256,670 | – | new |
| 18 | Cherokee Inc | 2.2% | $31.6m | 1,633,617 | 28% | added | |
| 19 | American Vanguard Corp | 2.2% | $30.9m | 1,167,980 | – | new | |
| 20 | Wesco Aircraft Holdings | 2.1% | $29.7m | 1,299,204 | 46% | added | |
| 21 | FELE Franklin Electric Co Inc | Industrials | 2.0% | $28.9m | 518,244 | 14% | added |
| 22 | HP5A Equity Commonwealth | 2.0% | $28.4m | 577,221 | 40% | added | |
| 23 | TUP Tupperware Brands Corp | 2.0% | $27.9m | 290,805 | 35% | added | |
| 24 | Dundee Corp - CL A | 1.9% | $27.7m | 2,808,730 | 29% | added | |
| 25 | Liberty Global PLC LiLac - A | 1.9% | $27.3m | 502,622 | 51% | added | |
| 26 | Baldwin & Lyons Inc Cl - B | 1.8% | $25.6m | 617,354 | – | new | |
| 27 | PRKS SeaWorld Entertainment Inc | Consumer Cyclical | 1.7% | $23.8m | 991,186 | 74% | added |
| 28 | Colfax Corp | 1.3% | $18.9m | 715,153 | 10% | added | |
| 29 | EVINE Live Inc | 1.3% | $18.4m | 6,585,260 | 24% | added | |
| 30 | E.W. Scripps Company | 1.2% | $16.6m | 681,660 | – | new | |
| 31 | UFPT UFP Technologies Inc | Healthcare | 1.1% | $15.5m | 389,173 | 335% | added |
| 32 | GDEN Golden Entertainment Inc | 1.0% | $14.5m | 740,812 | -2% | reduced | |
| 33 | Leucadia National Corp | 0.8% | $12.0m | 690,459 | 2% | added | |
| 34 | WPX Energy Inc | 0.8% | $10.7m | 684,022 | -32% | reduced | |
| 35 | Liberty Global PLC - A | 0.7% | $9.9m | 341,050 | 51% | added | |
| 36 | Tesco Plc | 0.7% | $9.9m | 1,407,645 | 18% | added | |
| 37 | Westell Technologies Inc-A | 0.7% | $9.3m | 7,734,217 | 16% | added | |
| 38 | Level 3 Communications Inc | 0.6% | $9.1m | 176,140 | -4% | reduced | |
| 39 | JPM JPMorgan Chase & Co | Financial Services | 0.6% | $8.8m | 142,228 | -1% | reduced |
| 40 | IBM International Business Machine | Technology | 0.6% | $8.8m | 57,700 | 6% | added |
| 41 | COF Capital One Financial Corp | Financial Services | 0.6% | $7.8m | 123,495 | -2% | reduced |
| 42 | Alleghany Corp | 0.5% | $7.4m | 13,451 | – | new | |
| 43 | Approach Resources Inc | 0.5% | $6.8m | 2,013,777 | 13% | added | |
| 44 | CSW CSW Industrials Inc | Industrials | 0.4% | $5.6m | 172,748 | 149% | added |
| 45 | Liberty Interactive Corp - A | 0.4% | $5.2m | 205,560 | 3% | added | |
| 46 | WSM Williams-Sonoma Inc | Consumer Cyclical | 0.4% | $5.0m | 96,790 | – | new |
| 47 | Johnson Controls Inc | 0.4% | $5.0m | 113,750 | -47% | reduced | |
| 48 | Hertz Global Holdings Inc | 0.4% | $5.0m | 450,410 | -0% | held | |
| 49 | The Bank of New York Mellon Co | 0.3% | $4.4m | 113,425 | – | new | |
| 50 | EFX Equifax Inc | Industrials | 0.3% | $4.4m | 34,053 | -17% | 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.