Cove Street Capital 13F holdings, Q4 2016
Holdings as of December 31, 2016 · filings on SEC EDGAR · latest filing →
Cove Street Capital disclosed 92 US equity positions worth $1.5bn in its Q4 2016 13F filing. The largest position was FMC at 5.2% of the reported book, followed by VSAT and Liberty Global Plc LiLac A. Against the Q3 2016 filing, it opened 4 new positions, added to 17 and reduced 24 among the top 50 holdings.
What did Cove Street Capital own in Q4 2016? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2016 |
|---|---|---|---|---|---|---|---|
| 1 | FMC FMC Corp | Basic Materials | 5.2% | $80.2m | 746,099 | -15% | reduced |
| 2 | VSAT ViaSat Inc | Technology | 5.2% | $79.2m | 667,820 | 7% | added |
| 3 | Liberty Global Plc LiLac A | 4.8% | $74.0m | 1,905,433 | 36% | added | |
| 4 | Heritage-Crystal Clean Inc | 4.6% | $71.2m | 2,513,300 | -7% | reduced | |
| 5 | TGNA TEGNA Inc | 4.2% | $64.8m | 1,720,785 | – | new | |
| 6 | Carrols Restaurant Group Inc | 4.0% | $62.2m | 2,309,739 | -1% | reduced | |
| 7 | GP Strategies Corp | 3.7% | $56.5m | 1,131,650 | -4% | reduced | |
| 8 | TIGO Millicom International Cellula | Communication Services | 3.4% | $52.2m | 681,194 | 47% | added |
| 9 | Cherokee Inc | 3.0% | $46.3m | 2,423,820 | 41% | added | |
| 10 | Halyard Health Inc | 2.9% | $44.7m | 666,970 | -10% | reduced | |
| 11 | FOR Forestar Group Inc | 2.9% | $44.2m | 1,831,867 | -41% | reduced | |
| 12 | Belmond LTD | 2.8% | $42.9m | 1,817,165 | -12% | reduced | |
| 13 | CMP Compass Minerals International | Basic Materials | 2.7% | $42.2m | 298,775 | – | new |
| 14 | Liberty Media Corp CL A | 2.7% | $42.0m | 748,868 | -45% | reduced | |
| 15 | USG Corp | 2.7% | $41.8m | 800,002 | -35% | reduced | |
| 16 | AVD American Vanguard Corp | Basic Materials | 2.7% | $41.7m | 1,235,535 | 11% | added |
| 17 | Hallmark Financial Services In | 2.7% | $41.3m | 2,076,512 | 1% | added | |
| 18 | E.W. Scripps Company | 2.5% | $38.9m | 1,155,750 | 7% | added | |
| 19 | NOVT Novanta Inc | Technology | 2.4% | $37.2m | 1,000,655 | -20% | reduced |
| 20 | VeriFone Systems Inc | 2.4% | $36.7m | 1,151,782 | -25% | reduced | |
| 21 | ZBRA Zebra Technologies Corp CL A | Technology | 2.3% | $34.7m | 232,231 | -33% | reduced |
| 22 | Avid Technology Inc | 2.2% | $33.3m | 4,287,925 | 63% | added | |
| 23 | Wesco Aircraft Holdings | 2.1% | $31.8m | 1,217,827 | -7% | reduced | |
| 24 | HP5A Equity Commonwealth | 1.9% | $29.3m | 566,136 | 14% | added | |
| 25 | Select Comfort Corp | 1.7% | $25.9m | 1,143,700 | – | new | |
| 26 | TUP Tupperware Brands Corp | 1.6% | $25.2m | 281,394 | 1% | added | |
| 27 | Baldwin & Lyons Inc CL B | 1.5% | $23.3m | 550,636 | -10% | reduced | |
| 28 | Dundee Corp - CL A | 1.5% | $22.6m | 2,946,550 | -0% | held | |
| 29 | CSW CSW Industrials Inc | Industrials | 1.4% | $21.8m | 591,550 | 17% | added |
| 30 | UFPT UFP Technologies Inc | Healthcare | 1.3% | $19.7m | 441,838 | 0% | held |
| 31 | WPX Energy Inc | 1.2% | $18.0m | 716,202 | 0% | held | |
| 32 | EVINE Live Inc | 1.2% | $17.7m | 6,832,992 | 3% | added | |
| 33 | Leucadia National Corp | 0.9% | $14.3m | 614,158 | -3% | reduced | |
| 34 | FELE Franklin Electric Co Inc | Industrials | 0.8% | $12.8m | 170,372 | -37% | reduced |
| 35 | JPM JPMorgan Chase & Co | Financial Services | 0.6% | $9.7m | 112,531 | -8% | reduced |
| 36 | COF Capital One Financial Corp | Financial Services | 0.6% | $9.3m | 106,645 | 0% | held |
| 37 | Tesco Plc | 0.6% | $9.3m | 1,207,745 | -2% | reduced | |
| 38 | Liberty Interactive Corp A | 0.6% | $9.2m | 460,555 | 2% | added | |
| 39 | Liberty Global Plc A | 0.6% | $8.8m | 286,600 | -10% | reduced | |
| 40 | Westell Technologies Inc A | 0.5% | $7.9m | 7,204,700 | -5% | reduced | |
| 41 | Level 3 Communications Inc | 0.5% | $7.7m | 136,819 | -13% | reduced | |
| 42 | Alleghany Corp | 0.5% | $6.9m | 11,386 | -7% | reduced | |
| 43 | Great Elm Capital Group Inc | 0.4% | $6.8m | 1,334,845 | – | new | |
| 44 | JCI Johnson Controls International | Industrials | 0.4% | $5.4m | 131,811 | 2% | added |
| 45 | Swatch Group AG | 0.3% | $5.3m | 337,790 | -0% | held | |
| 46 | BNY The Bank of New York Mellon Co | Financial Services | 0.3% | $4.6m | 97,215 | -7% | reduced |
| 47 | IBM International Business Machine | Technology | 0.3% | $4.6m | 27,700 | 1% | added |
| 48 | GDEN Golden Entertainment Inc | 0.3% | $4.5m | 260,076 | -36% | reduced | |
| 49 | TEL TE Connectivity LTD | Technology | 0.3% | $4.5m | 64,529 | 1% | added |
| 50 | WSM Williams - Sonoma Inc | Consumer Cyclical | 0.3% | $4.1m | 85,517 | 1% | added |
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.