Cove Street Capital 13F holdings, Q3 2016
Holdings as of September 30, 2016 · filings on SEC EDGAR · latest filing →
Cove Street Capital disclosed 95 US equity positions worth $1.5bn in its Q3 2016 13F filing. The largest position was VSAT at 5.5% of the reported book, followed by FMC and Liberty Global PLC LiLac - A. Against the Q2 2016 filing, it opened 6 new positions, added to 16 and reduced 26 among the top 50 holdings.
What did Cove Street Capital own in Q3 2016? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2016 |
|---|---|---|---|---|---|---|---|
| 1 | VSAT ViaSat Inc | Technology | 5.5% | $83.9m | 622,830 | -5% | reduced |
| 2 | FMC FMC Corp | Basic Materials | 5.2% | $79.8m | 873,139 | -17% | reduced |
| 3 | Liberty Global PLC LiLac - A | 4.5% | $69.1m | 1,403,500 | 179% | added | |
| 4 | Liberty Media Corp CL A | 4.5% | $68.6m | 1,355,900 | -3% | reduced | |
| 5 | FOR Forestar Group Inc | 4.3% | $65.6m | 3,103,112 | -12% | reduced | |
| 6 | Heritage-Crystal Clean Inc | 4.2% | $64.5m | 2,709,810 | 2% | added | |
| 7 | USG Corp | 3.7% | $55.9m | 1,226,242 | 2% | added | |
| 8 | Carrols Restaurant Group Inc | 3.6% | $54.6m | 2,338,799 | -7% | reduced | |
| 9 | GP Strategies Corp | 3.3% | $50.0m | 1,175,865 | 6% | added | |
| 10 | Halyard Health Inc | 3.1% | $47.2m | 742,853 | -9% | reduced | |
| 11 | Belmond LTD | 3.0% | $45.8m | 2,054,075 | -1% | reduced | |
| 12 | TIGO Millicom International Cellula | Communication Services | 2.9% | $44.4m | 464,861 | 20% | added |
| 13 | VeriFone Systems Inc | 2.9% | $44.0m | 1,534,725 | -11% | reduced | |
| 14 | ZBRA Zebra Technologies Corp CL A | Technology | 2.9% | $44.0m | 348,826 | -26% | reduced |
| 15 | Colfax Corp | 2.5% | $38.8m | 693,199 | -3% | reduced | |
| 16 | NOVT Novanta Inc | Technology | 2.5% | $37.9m | 1,256,400 | -0% | held |
| 17 | Avid Technology Inc | 2.4% | $36.4m | 2,623,199 | -26% | reduced | |
| 18 | Hallmark Financial Services In | 2.4% | $36.0m | 2,050,556 | 3% | added | |
| 19 | TUP Tupperware Brands Corp | 2.1% | $32.6m | 279,559 | -4% | reduced | |
| 20 | Cherokee Inc | 2.0% | $31.0m | 1,716,015 | 5% | added | |
| 21 | AVD American Vanguard Corp | Basic Materials | 2.0% | $30.9m | 1,109,290 | – | new |
| 22 | E.W. Scripps Company | 2.0% | $30.2m | 1,083,150 | 59% | added | |
| 23 | Wesco Aircraft Holdings | 2.0% | $29.9m | 1,307,782 | 1% | added | |
| 24 | CSW CSW Industrials Inc | Industrials | 1.9% | $28.6m | 505,330 | 193% | added |
| 25 | HP5A Equity Commonwealth | 1.9% | $28.3m | 497,648 | -14% | reduced | |
| 26 | RAVN Raven Industries Inc | 1.8% | $27.6m | 693,142 | -36% | reduced | |
| 27 | Dundee Corp - CL A | 1.8% | $27.1m | 2,961,300 | 5% | added | |
| 28 | Baldwin & Lyons Inc CL - B | 1.7% | $26.3m | 611,654 | – | new | |
| 29 | EVINE Live Inc | 1.7% | $26.1m | 6,648,423 | 1% | added | |
| 30 | UFPT UFP Technologies Inc | Healthcare | 1.4% | $20.9m | 440,443 | 13% | added |
| 31 | EVC Entravision Communications Cor | Communication Services | 1.2% | $19.0m | 1,334,317 | 4101% | added |
| 32 | FELE Franklin Electric Co Inc | Industrials | 1.2% | $18.8m | 271,599 | -48% | reduced |
| 33 | Leucadia National Corp | 0.8% | $12.0m | 632,116 | -8% | reduced | |
| 34 | Liberty Global PLC - A | 0.7% | $10.9m | 317,950 | -7% | reduced | |
| 35 | WPX Energy Inc | 0.6% | $9.4m | 715,787 | 5% | added | |
| 36 | Liberty Interactive Corp - A | 0.6% | $9.0m | 450,480 | 119% | added | |
| 37 | Tesco Plc | 0.6% | $8.8m | 1,234,645 | -12% | reduced | |
| 38 | JPM JPMorgan Chase & Co | Financial Services | 0.5% | $8.1m | 122,328 | -14% | reduced |
| 39 | GDEN Golden Entertainment Inc | 0.5% | $8.0m | 403,701 | -46% | reduced | |
| 40 | COF Capital One Financial Corp | Financial Services | 0.5% | $7.6m | 106,395 | -14% | reduced |
| 41 | Level 3 Communications Inc | 0.5% | $7.3m | 156,979 | -11% | reduced | |
| 42 | Westell Technologies Inc - A | 0.4% | $6.6m | 7,603,069 | -2% | reduced | |
| 43 | Alleghany Corp | 0.4% | $6.4m | 12,192 | – | new | |
| 44 | JCI Johnson Controls International | Industrials | 0.4% | $6.0m | 129,073 | – | new |
| 45 | Swatch Group AG | 0.3% | $4.8m | 339,090 | – | new | |
| 46 | IBM International Business Machine | Technology | 0.3% | $4.4m | 27,490 | -52% | reduced |
| 47 | WSM Williams-Sonoma Inc | Consumer Cyclical | 0.3% | $4.3m | 84,907 | -12% | reduced |
| 48 | BNY The Bank of New York Mellon Co | Financial Services | 0.3% | $4.2m | 104,375 | – | new |
| 49 | TEL TE Connectivity LTD | Technology | 0.3% | $4.1m | 63,909 | -14% | reduced |
| 50 | Great Elm Capital Group Inc | 0.3% | $4.0m | 612,708 | 0% | held |
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.