Cove Street Capital 13F holdings, Q1 2018
Holdings as of March 31, 2018 · filings on SEC EDGAR · latest filing →
Cove Street Capital disclosed 106 US equity positions worth $1.5bn in its Q1 2018 13F filing. The largest position was VSAT at 6.1% of the reported book, followed by TIGO and E.W. Scripps Company. Against the Q4 2017 filing, it opened 10 new positions, added to 12 and reduced 25 among the top 50 holdings.
What did Cove Street Capital own in Q1 2018? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2017 |
|---|---|---|---|---|---|---|---|
| 1 | VSAT ViaSat Inc | Technology | 6.1% | $90.9m | 744,331 | -3% | reduced |
| 2 | TIGO Millicom International Cellular | Communication Services | 5.9% | $87.6m | 690,991 | -5% | reduced |
| 3 | E.W. Scripps Company | 5.5% | $82.1m | 3,698,719 | 18% | added | |
| 4 | Wesco Aircraft Holdings Inc | 5.3% | $78.6m | 4,245,846 | -19% | reduced | |
| 5 | TGNA TEGNA Inc | 4.9% | $72.7m | 3,463,067 | -4% | reduced | |
| 6 | GP Strategies Corp | 4.0% | $60.0m | 1,486,886 | -1% | reduced | |
| 7 | Heritage-Crystal Clean Inc | 3.9% | $57.5m | 1,355,207 | -8% | reduced | |
| 8 | Avid Technology Inc | 3.4% | $50.9m | 6,235,391 | 1% | added | |
| 9 | GTT Communications Inc | 3.4% | $50.3m | 481,132 | -44% | reduced | |
| 10 | TUP Tupperware Brands Corp | 3.4% | $50.3m | 577,461 | 107% | added | |
| 11 | INTL FCStone Inc | 2.7% | $40.4m | 534,672 | 29% | added | |
| 12 | USG Corp | 2.7% | $40.1m | 546,155 | -4% | reduced | |
| 13 | CMP Compass Minerals International | Basic Materials | 2.5% | $37.0m | 343,070 | 32% | added |
| 14 | UFPT UFP Technologies Inc | Healthcare | 2.4% | $35.2m | 671,982 | 10% | added |
| 15 | Colfax Corp | 2.3% | $34.9m | 596,831 | – | new | |
| 16 | AVD American Vanguard Corp | Basic Materials | 2.3% | $34.4m | 952,039 | -5% | reduced |
| 17 | DNOW NOW Inc | Industrials | 2.2% | $32.1m | 1,752,500 | – | new |
| 18 | SBH Sally Beauty Holdings Inc | Consumer Cyclical | 2.1% | $30.7m | 1,039,518 | 3% | added |
| 19 | Carrols Restaurant Group Inc | 2.0% | $30.3m | 1,497,673 | -9% | reduced | |
| 20 | HP5A Equity Commonwealth | 1.9% | $27.9m | 514,890 | -3% | reduced | |
| 21 | Macquarie Infrastructure Corp | 1.9% | $27.8m | 407,500 | – | new | |
| 22 | Capital Senior Living Corp | 1.9% | $27.6m | 1,464,045 | 1% | added | |
| 23 | CSW CSW Industrials Inc | Industrials | 1.8% | $27.0m | 339,865 | -1% | reduced |
| 24 | Esterline Technologies Corp | 1.8% | $26.8m | 210,300 | 1% | added | |
| 25 | Pandora Media Inc | 1.8% | $26.8m | 2,903,500 | – | new | |
| 26 | Hallmark Financial Services Inc | 1.8% | $26.7m | 1,686,323 | -3% | reduced | |
| 27 | Patterson Companies Inc | 1.6% | $23.9m | 615,000 | – | new | |
| 28 | Belmond Ltd | 1.5% | $22.4m | 1,160,668 | -1% | reduced | |
| 29 | Actuant Corp Cl A | 1.5% | $22.1m | 549,115 | -1% | reduced | |
| 30 | Liberty Latin America CL A | 1.0% | $15.1m | 481,065 | -10% | reduced | |
| 31 | Great Elm Capital Group Inc | 0.8% | $11.9m | 1,972,483 | -1% | reduced | |
| 32 | Leucadia National Corp | 0.7% | $10.7m | 471,099 | -2% | reduced | |
| 33 | Alleghany Corp | 0.7% | $10.5m | 17,075 | 54% | added | |
| 34 | EVINE Live Inc | 0.7% | $10.4m | 6,080,269 | -0% | held | |
| 35 | Liberty SiriusXM Group - A | 0.7% | $9.7m | 236,213 | – | new | |
| 36 | QVCG Qurate Retail Group Inc | Consumer Cyclical | 0.6% | $9.1m | 362,351 | – | new |
| 37 | Liberty Global Plc A | 0.6% | $9.1m | 291,000 | -8% | reduced | |
| 38 | Axalta Coating Systems Ltd | 0.6% | $9.1m | 301,703 | – | new | |
| 39 | JPM JPMorgan Chase & Company | Financial Services | 0.6% | $8.9m | 81,351 | -12% | reduced |
| 40 | CenturyLink Inc | 0.6% | $8.9m | 542,702 | -16% | reduced | |
| 41 | BNY The Bank of New York Mellon Co | Financial Services | 0.6% | $8.5m | 164,615 | 29% | added |
| 42 | FMC FMC Corporation | Basic Materials | 0.5% | $6.9m | 90,711 | -6% | reduced |
| 43 | Dundee Corp CL A | 0.5% | $6.9m | 2,862,555 | 0% | held | |
| 44 | Cherokee Inc | 0.4% | $6.4m | 2,769,324 | -0% | held | |
| 45 | AYI Acuity Brands Inc | Industrials | 0.4% | $6.2m | 44,472 | – | new |
| 46 | MAM Software Group Inc | 0.4% | $5.8m | 746,359 | 19% | added | |
| 47 | HSIC Henry Schein Inc | Healthcare | 0.3% | $5.1m | 76,081 | – | new |
| 48 | GE General Electric Company | Industrials | 0.3% | $4.7m | 349,300 | -19% | reduced |
| 49 | VIAB Viacom Inc New CL B | 0.3% | $4.6m | 149,398 | -5% | reduced | |
| 50 | TEL TE Connectivity Ltd | Technology | 0.3% | $4.4m | 43,716 | -14% | 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.