WhaleCreep

Cove Street Capital 13F holdings, Q2 2022

Long-only investorSEC filingsCompare with another fundHoldings as of 2022-06-30, filed 2022-08-12

Cove Street Capital disclosed 82 US equity positions worth $396.5m in its Q2 2022 13F filing. Its largest position is ECVT at 7.1% of the reported book, followed by VSAT and WHITE MTNS INS GROUP LTD. Versus Q1 2022 it opened 3 new positions, added to 28, reduced 37 and exited 7.

$397m
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
82
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
7.1%
Largest position
The largest single position as a share of the reported equity book.
44.2%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
33
Effective positions
1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
56
Quarters on file since Q3 2011
Quarters for which this manager's 13F holdings are on record.

Holdings

Against Q1 2022: 3 new, 28 added, 37 reduced, 7 exited

50 of 82
ECVT ECOVYST INCBasic Materials7.1%$28.3m2.87m−13%reduced
VSAT VIASAT INCTechnology5.3%$20.9m680,735−20%reduced
WHITE MTNS INS GROUP LTD no ticker–5.1%$20.3m16,299−15%reduced
LFCR LIFECORE BIOMEDICAL INCHealthcare4.8%$19.2m1.92m+2.6%added
CMP COMPASS MINERALS INTL INCBasic Materials4.8%$19.0m535,692+4.7%added
LGF/BEUR LIONS GATE ENTMNT CORP–4.1%$16.4m1.86m−9.8%reduced
KBR KBR INCIndustrials3.6%$14.3m296,271−16%reduced
SNEX STONEX GROUP INCFinancial Services3.3%$13.1m167,241−26%reduced
TIGO MILLICOM INTL CELLULAR S ACommunication Services3.1%$12.3m857,319+32%added
HCCIUSD HERITAGE CRYSTAL CLEAN INC–2.9%$11.5m426,979+0.8%added
SSP SCRIPPS E W CO OHIOCommunication Services2.9%$11.4m912,292+4.7%added
ENOV ENOVIS CORPORATIONHealthcare2.6%$10.3m187,906–new
NEU NEWMARKET CORPBasic Materials2.6%$10.2m33,910−16%reduced
CLMB CLIMB GLOBAL SOLUTIONS INCTechnology2.4%$9.7m292,170−17%reduced
LUMN LUMEN TECHNOLOGIES INCCommunication Services2.2%$8.9m817,277−21%reduced
CVLT COMMVAULT SYSTEMS INCTechnology2.2%$8.8m139,168−17%reduced
SKAA SKECHERS U S A INC–2.2%$8.7m243,818−22%reduced
SIXEUR SIX FLAGS ENTMT CORP NEW–2.2%$8.6m398,199+28%added
AZZ AZZ INCIndustrials2.0%$8.0m195,555−29%reduced
VMD VIEMED HEALTHCARE INCHealthcare2.0%$7.9m1.47m−27%reduced
UFPT UFP TECHNOLOGIES INCHealthcare1.9%$7.6m95,192−16%reduced
07S SECUREWORKS CORP–1.8%$7.1m657,528−15%reduced
DCO DUCOMMUN INC DELIndustrials1.7%$6.9m160,590−32%reduced
DLHC DLH HLDGS CORPIndustrials1.7%$6.8m443,308−20%reduced
SXI STANDEX INTL CORPIndustrials1.6%$6.3m73,865−17%reduced
CNX CNX RESOURCES CORPORATIONEnergy1.5%$6.1m370,300−21%reduced
LIBERTY MEDIA ACQUISITION CO no ticker–1.5%$5.8m593,534−26%reduced
LIBERTY MEDIA CORP DEL no ticker–1.4%$5.5m151,806+1.0%added
FMC FMC CORPBasic Materials1.2%$4.9m45,457−1.8%reduced
HNRG HALLADOR ENERGY COMPANYUtilities1.2%$4.8m881,145+11158%added
CCFEUR CHASE CORP–1.2%$4.7m60,377+13%added
AXALTA COATING SYS LTD no ticker–1.0%$4.0m182,363−2.1%reduced
NABL N-ABLE INCTechnology1.0%$4.0m444,268−27%reduced
INFU INFUSYSTEM HLDGS INCHealthcare1.0%$3.9m407,515–new
TIPT TIPTREE INCFinancial Services0.9%$3.5m329,598+20%added
BRK/B BERKSHIRE HATHAWAY INC DEL–0.9%$3.5m12,7500.0%held
FNV FRANCO NEVADA CORPBasic Materials0.9%$3.4m25,800−3.7%reduced
RSSS RESEARCH SOLUTIONS INC–0.8%$3.3m1.87m−22%reduced
GBLI GLOBAL INDEMNITY GROUP LLC–0.8%$3.2m123,4930.0%held
LTRPAUSD LIBERTY TRIPADVISOR HLDGS IN–0.7%$2.8m3.66m−4.2%reduced
WFC WELLS FARGO & COFinancial Services0.7%$2.7m67,8000.0%held
CLH CLEAN HARBORS INCIndustrials0.6%$2.5m28,548+2.4%added
GEG GREAT ELM GROUP INC–0.6%$2.4m1.14m−29%reduced
RRX REGAL REXNORD CORPORATIONIndustrials0.6%$2.4m21,005+129%added
NATR NATURES SUNSHINE PRODS INCConsumer Defensive0.6%$2.2m205,092−13%reduced
BNY BANK OF NY MELLON CORPFinancial Services0.4%$1.5m35,4150.0%held
HSIC HENRY SCHEIN INCHealthcare0.4%$1.5m18,939−11%reduced
SPB SPECTRUM BRANDS HLDGS INC NEConsumer Defensive0.3%$1.4m16,776+0.9%added
HWM HOWMET AEROSPACE INCIndustrials0.3%$1.4m43,671+0.9%added
TPR TAPESTRY INCConsumer Cyclical0.3%$1.3m43,931+0.9%added

Exited since Q1 2022

7 rows
COLFAX CORP no ticker3.8%$21.3m
AYS1 SANDSTORM GOLD LTD1.2%$6.9m
BKEPUSD BLUEKNIGHT ENERGY PARTNERS L0.6%$3.2m
ATRO ASTRONICS CORP0.3%$1.5m
WU WESTERN UN CO0.3%$1.5m
Table Trac Inc no ticker0.0%$6.0k
Agent Information Software no ticker0.0%$1.0k

Sector mix

  • Unclassified28.5%
  • Basic Materials16.8%
  • Healthcare12.8%
  • Industrials12.2%
  • Technology11.3%
  • Communication Services8.7%
  • Financial Services5.2%
  • Energy2.1%
  • Utilities1.2%
  • Consumer Defensive0.9%
  • Consumer Cyclical0.3%

Book over time

Every quarter on file (56)
QuarterPositionsEquity book
Q3 202596$76.6m
Q2 202597$68.2m
Q1 202598$63.7m
Q4 202494$85.7m
Q3 202499$128m
Q2 202478$139m
Q1 202471$316m
Q4 202370$327m
Q3 202381$296m
Q2 202380$322m
Q1 202383$335m
Q4 202281$367m
Q3 202279$358m
Q2 202282$397m
Q1 202286$565m
Q4 202189$571m
Q3 202189$674m
Q2 202187$691m
Q1 202186$698m
Q4 202080$565m
Q3 202074$528m
Q2 202074$505m
Q1 202098$488m
Q4 2019100$756m
Q3 201995$715m
Q2 201997$775m
Q1 201997$817m
Q4 2018100$773m
Q3 201898$948m
Q2 2018102$919m
Q1 2018106$907m
Q4 2017107$927m
Q3 2017108$896m
Q2 201790$825m
Q1 201786$947m
Q4 201692$957m
Q3 201695$928m
Q2 2016103$905m
Q1 2016103$766m
Q4 2015110$759m
Q3 2015112$755m
Q2 2015108$830m
Q1 2015114$763m
Q4 2014110$671m
Q3 201492$642m
Q2 201471$618m
Q1 201466$532m
Q4 201371$539m
Q3 201368$492m
Q2 201369$455m
Q1 201353$240m
Q4 201252$215m
Q3 201252$210m
Q2 201256$214m
Q4 201156$224m
Q3 201162$195m

Where Cove Street Capital was early

69 rows
STT State Street CorpQ4 20118 of 1391.4%1.9%25Exited by Q1 2019+56%
CLGX CoreLogic IncQ2 20121 of 943.1%3.3%7Exited by Q1 2014+191%
GEF/B Greif Inc CL BQ2 20121 of 260.6%1.1%10Exited by Q4 2014+10%
AIG American International Group IncQ2 20127 of 1552.0%3.9%18Exited by Q1 2018+86%
COF Capital One Financial CorpQ2 20128 of 2273.8%4.0%27Exited by Q1 2019+38%
WU Western Union CompanyQ2 201211 of 1331.0%4.4%10Exited by Q2 2022+11%
LYV Live Nation Entertainment IncQ4 20125 of 2162.7%4.4%7Exited by Q4 2020+479%
FOR Forestar Group IncQ1 20131 of 821.6%5.5%17Exited by Q2 2017−38%
GPX GP Strategies CorporationQ2 20131 of 271.3%4.7%34Exited by Q4 2021−13%
OXY OCCIDENTAL PETE CORPQ2 20134 of 1920.3%2.0%12Exited by Q3 2025−51%
GM General Motors CompanyQ2 201311 of 1691.2%1.2%9Exited by Q3 2015+0.1%
AZZ AZZ IncQ3 20131 of 801.6%3.1%15Exited by Q3 2022−2.5%
GHC Graham HoldingsQ4 20132 of 1124.3%4.5%6Exited by Q2 2015+58%
AVD AMERICAN VANGUARD CORPQ2 20141 of 590.3%10.5%32Held at last filing, Q3 2025−57%
VSAT VIASAT INCQ2 20142 of 1261.3%11.0%46Held at last filing, Q3 2025−49%
HNRG HALLADOR ENERGY COMPANYQ3 20142 of 910.1%2.1%36Exited by Q4 2024−20%
UFPT UFP Technologies IncQ3 20142 of 590.05%3.3%34Exited by Q1 2023+436%
ANIK ANIKA THERAPEUTICS INCQ4 20141 of 580.07%1.8%10Held at last filing, Q3 2025−77%
PRKS SeaWorld Entertainment IncQ4 20145 of 1521.6%1.7%7Exited by Q3 2016−20%
SSP SCRIPPS E W CO OHIOQ4 20145 of 730.6%6.7%40Held at last filing, Q3 2025−88%
RAVN Raven Industries IncQ1 20151 of 560.2%2.3%8Exited by Q1 2017+85%
TIGO MILLICOM INTL CELLULAR S AQ1 20152 of 800.2%6.5%37Exited by Q2 2024−44%
IBM International Business MachineQ1 20159 of 1681.5%1.5%9Exited by Q2 2017+8.5%
HP5A Equity CommonwealthQ2 201512 of 1111.8%2.1%19Exited by Q1 2020+28%
FELE Franklin Electric Co IncQ3 20152 of 731.3%1.9%7Exited by Q2 2017+58%
GDEN GOLDEN ENTMT INCQ3 20152 of 890.9%1.1%10Held at last filing, Q3 2025+74%
TUP Tupperware Brands CorpQ3 20152 of 701.4%3.1%16Exited by Q3 2019−62%
FMC FMC CORPQ3 20159 of 1573.8%5.4%40Exited by Q3 2025+42%
CSW CSW Industrials IncQ4 20153 of 770.1%2.4%19Exited by Q3 2020+83%
ZBRA ZEBRA TECHNOLOGIES CORPORATIQ1 20168 of 1541.6%2.6%13Held at last filing, Q3 2025+331%
NOVT Novanta IncQ2 20161 of 992.1%2.4%7Exited by Q1 2018+230%
EVC Entravision Communications CorQ2 20163 of 650.02%1.1%3Exited by Q1 2017+4.2%
JCI Johnson Controls InternationalQ3 201612 of 1730.6%1.1%9Exited by Q4 2018−25%
TGNA TEGNA IncQ4 20163 of 1473.8%5.5%23Exited by Q3 2022−35%
CMP COMPASS MINERALS INTL INCQ4 20164 of 1032.4%6.8%36Held at last filing, Q3 2025−75%
TRNS Transcat IncQ1 20172 of 540.1%1.9%17Exited by Q2 2021+286%
SBH Sally Beauty Holdings IncQ1 20178 of 1122.4%2.6%5Exited by Q2 2018−20%
NEU NEWMARKET CORPQ3 20171 of 860.05%3.2%20Held at last filing, Q3 2025+95%
DLHC DLH HLDGS CORPQ3 20172 of 240.1%3.8%29Exited by Q4 2024+44%
GE General Electric CompanyQ3 201723 of 2421.0%1.0%12Exited by Q3 2020−71%
LILAB Liberty Latin America CL AQ4 20173 of 1011.2%1.2%6Exited by Q2 2019−3.2%
QVCG Qurate Retail IncQ1 20181 of 1161.0%2.3%8Exited by Q1 2020−67%
AYI Acuity Brands IncQ1 20185 of 1370.7%2.9%14Exited by Q3 2021+34%
DNOW NOW IncQ1 20186 of 1332.0%2.5%9Exited by Q2 2020−50%
SPB Spectrum Brands Holdings IncQ1 201810 of 1470.05%3.2%18Exited by Q3 2022−19%
HSIC Henry Schein IncQ1 201811 of 1420.6%1.4%20Exited by Q1 2023+52%
JEF Jefferies Financial Group IncQ2 20183 of 1281.1%1.1%5Exited by Q3 2019−15%
TPR TAPESTRY INCQ4 201812 of 1730.1%2.7%22Exited by Q2 2024+41%
SXI STANDEX INTL CORPQ2 20191 of 591.1%2.6%20Exited by Q2 2024+149%
VMD VIEMED HEALTHCARE INCQ3 20192 of 480.09%2.8%25Held at last filing, Q3 2025−1.9%

Concentration and tenure

6.2%
Median largest position, all quarters
The largest single position as a share of the reported equity book.
43.0%
Median top 10 weight, all quarters
The ten largest positions together, as a share of the reported equity book.
Concentrated
Style, by median largest position
4
Median completed holding, quarters