Cove Street Capital 13F holdings, Q1 2023
Holdings as of March 31, 2023 · filings on SEC EDGAR · latest filing →
Cove Street Capital disclosed 83 US equity positions worth $368.8m in its Q1 2023 13F filing. The largest position was VSAT at 11.2% of the reported book, followed by ECVT and PPLI. Against the Q4 2022 filing, it opened 3 new positions, added to 8 and reduced 38 among the top 50 holdings.
What did Cove Street Capital own in Q1 2023? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2022 |
|---|---|---|---|---|---|---|---|
| 1 | VSAT Viasat Inc | Technology | 11.2% | $41.2m | 945,685 | -4% | reduced |
| 2 | ECVT Ecovyst Inc | Basic Materials | 7.9% | $29.2m | 2,045,521 | -28% | reduced |
| 3 | PPLI IAC InterActive Corporation | Communication Services | 6.1% | $22.4m | 347,246 | 51% | added |
| 4 | White Mountains Insurance Group | 4.6% | $16.8m | 10,945 | -27% | reduced | |
| 5 | KBR KBR Inc | Industrials | 4.5% | $16.7m | 234,811 | -11% | reduced |
| 6 | CMP Compass Minerals International | Basic Materials | 4.4% | $16.3m | 412,751 | -18% | reduced |
| 7 | Six Flags Entertainment Corporation | 3.9% | $14.4m | 439,273 | -2% | reduced | |
| 8 | ENOV Enovis Corporation | Healthcare | 3.7% | $13.7m | 186,029 | -11% | reduced |
| 9 | E.W. Scripps Company | 3.3% | $12.2m | 983,588 | 3% | added | |
| 10 | Lifecore Biomedical | 2.6% | $9.6m | 1,884,344 | -3% | reduced | |
| 11 | CVLT Commvault Systems Inc | Technology | 2.4% | $8.7m | 123,118 | -11% | reduced |
| 12 | CLMB Climb Global Solutions Inc | 2.3% | $8.6m | 198,525 | -35% | reduced | |
| 13 | Heritage-Crystal Clean Inc | 2.3% | $8.6m | 290,763 | -26% | reduced | |
| 14 | Lions Gate Entertainment Corporation | 2.3% | $8.5m | 891,307 | -34% | reduced | |
| 15 | NEU NewMarket Corporation | Basic Materials | 2.2% | $8.0m | 23,451 | -20% | reduced |
| 16 | SNEX StoneX Group Inc | Financial Services | 2.1% | $7.9m | 74,210 | -42% | reduced |
| 17 | HNRG Hallador Energy Company | Utilities | 2.1% | $7.7m | 628,606 | -19% | reduced |
| 18 | VMD Viemed Healthcare Inc | Healthcare | 2.0% | $7.2m | 885,639 | -22% | reduced |
| 19 | CNX CNX Resources Corporation | Energy | 1.8% | $6.7m | 425,289 | 3% | added |
| 20 | DCO Ducommun Inc | Industrials | 1.7% | $6.3m | 135,853 | -16% | reduced |
| 21 | DLHC DLH Holdings Corporation | 1.7% | $6.2m | 515,431 | 7% | added | |
| 22 | RSSS Research Solutions Inc | 1.6% | $6.0m | 2,547,051 | -4% | reduced | |
| 23 | SXI Standex International Corporation | Industrials | 1.5% | $5.6m | 55,765 | -22% | reduced |
| 24 | SecureWorks Corporation | 1.5% | $5.4m | 611,367 | -9% | reduced | |
| 25 | WBD Warner Bros Discovery Inc | Communication Services | 1.4% | $5.2m | 342,200 | 17% | added |
| 26 | Chase Corporation | 1.2% | $4.6m | 42,370 | -22% | reduced | |
| 27 | TIPT Tiptree Inc | Financial Services | 1.2% | $4.3m | 296,804 | -20% | reduced |
| 28 | Axalta Coating Systems Ltd | 1.1% | $4.1m | 136,275 | -20% | reduced | |
| 29 | INFU InfuSystems Holdings Inc | Healthcare | 1.1% | $4.0m | 548,539 | -2% | reduced |
| 30 | Liberty TripAdvisor Holdings Inc | 1.0% | $3.8m | 4,093,308 | 6% | added | |
| 31 | BRK/B Berkshire Hathaway Inc CL B | 1.0% | $3.6m | 11,650 | 0% | held | |
| 32 | Liberty SiriusXM Group - A | 1.0% | $3.5m | 124,743 | -9% | reduced | |
| 33 | FNV Franco-Nevada Corporation | Basic Materials | 0.9% | $3.4m | 23,600 | -1% | reduced |
| 34 | GLDD Great Lakes Dredge & Doc | 0.9% | $3.4m | 701,177 | – | new | |
| 35 | TIGO Millicom International Cellular | Communication Services | 0.8% | $2.9m | 188,175 | -67% | reduced |
| 36 | FMC FMC Corporation | Basic Materials | 0.8% | $2.8m | 22,776 | -47% | reduced |
| 37 | GBLI Global Indemnity Group LLC | 0.6% | $2.3m | 81,882 | 2% | added | |
| 38 | NABL N-able Inc | Technology | 0.6% | $2.2m | 226,316 | -45% | reduced |
| 39 | CLH Clean Harbors Inc | Industrials | 0.5% | $2.0m | 13,932 | -37% | reduced |
| 40 | VTS Vitesse Energy Inc | 0.5% | $1.9m | 136,674 | – | new | |
| 41 | Lifecore Series A Convertible | 0.5% | $1.8m | 3,000 | – | new | |
| 42 | RRX Regal Rexnord Corporation | Industrials | 0.5% | $1.7m | 12,003 | -33% | reduced |
| 43 | HWM Howmet Aerospace Inc | Industrials | 0.4% | $1.4m | 33,636 | -9% | reduced |
| 44 | Great Elm Group Inc | 0.4% | $1.4m | 824,878 | -9% | reduced | |
| 45 | TPR Tapestry Inc | Consumer Cyclical | 0.4% | $1.4m | 31,763 | -9% | reduced |
| 46 | WFC Wells Fargo & Company | Financial Services | 0.4% | $1.3m | 35,500 | -13% | reduced |
| 47 | BNY The Bank of New York Mellon Co | Financial Services | 0.3% | $1.2m | 26,500 | -5% | reduced |
| 48 | DVN Devon Energy Corporation | Energy | 0.3% | $1.1m | 22,634 | 9% | added |
| 49 | SKAA Skechers U.S.A. Inc CL A | 0.3% | $1.1m | 23,818 | -9% | reduced | |
| 50 | LFUS Littelfuse Inc | Technology | 0.3% | $1.1m | 3,989 | -9% | 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.