WhaleCreep

Cove Street Capital 13F holdings, Q2 2024

Long-only investorSEC filingsCompare with another fundHoldings as of 2024-06-30, filed 2024-07-18

Cove Street Capital disclosed 78 US equity positions worth $139.3m in its Q2 2024 13F filing. Its largest position is RSSS at 6.5% of the reported book, followed by SSP and VSAT. Versus Q1 2024 it opened 21 new positions, added to 3, reduced 46 and exited 14.

$139m
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
78
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
6.5%
Largest position
The largest single position as a share of the reported equity book.
46.1%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
32
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 2024: 21 new, 3 added, 46 reduced, 14 exited

50 of 78
RSSS RESEARCH SOLUTIONS INC–6.5%$9.1m2.62m−24%reduced
SSP SCRIPPS E W CO OHIOCommunication Services6.4%$8.9m2.82m−24%reduced
VSAT VIASAT INCTechnology5.1%$7.1m557,877−27%reduced
PPLI PEOPLE INCCommunication Services5.0%$7.0m149,105−65%reduced
ECVT ECOVYST INCBasic Materials4.9%$6.8m759,739−59%reduced
OUT OUTFRONT MEDIA INCReal Estate4.2%$5.9m411,927−50%reduced
AVD AMERICAN VANGUARD CORPBasic Materials3.9%$5.4m627,749−11%reduced
CLMB CLIMB GLOBAL SOLUTIONS INCTechnology3.9%$5.4m85,918−45%reduced
WHITE MTNS INS GROUP LTD no ticker–3.2%$4.5m2,485−75%reduced
CLVT CLARIVATE PLCTechnology3.0%$4.2m740,574–new
AAP ADVANCE AUTO PARTS INCConsumer Cyclical2.9%$4.1m64,789–new
TIPT TIPTREE INCFinancial Services2.4%$3.3m201,213−53%reduced
WBD WARNER BROS DISCOVERY INCCommunication Services2.2%$3.1m418,405−7.6%reduced
ENOV ENOVIS CORPORATIONHealthcare2.2%$3.0m66,771−58%reduced
NEU NEWMARKET CORPBasic Materials2.1%$3.0m5,780−47%reduced
RDVT RED VIOLET INC–2.1%$2.9m115,525−58%reduced
DVN DEVON ENERGY CORP NEWEnergy2.1%$2.9m61,161+10%added
SNEX STONEX GROUP INCFinancial Services2.1%$2.9m37,930−58%reduced
CMP COMPASS MINERALS INTL INCBasic Materials2.0%$2.7m263,572−15%reduced
TFPM TRIPLE FLAG PRECIOUS METALBasic Materials1.9%$2.6m167,321−69%reduced
MPAA MOTORCAR PTS AMER INC–1.6%$2.3m369,712−49%reduced
KMI KINDER MORGAN INC DELEnergy1.6%$2.2m110,942+185%added
SCHW SCHWAB CHARLES CORPFinancial Services1.6%$2.2m29,824−0.9%reduced
VMD VIEMED HEALTHCARE INCHealthcare1.5%$2.1m322,908−64%reduced
SIXEUR SIX FLAGS ENTMT CORP NEW–1.5%$2.1m63,443−84%reduced
FNV FRANCO NEVADA CORPBasic Materials1.5%$2.0m17,114−12%reduced
TBRG TRUBRIDGE INC–1.4%$2.0m201,287−73%reduced
GBLI GLOBAL INDEMNITY GROUP LLC–1.4%$1.9m61,779−9.6%reduced
FMC FMC CORPBasic Materials1.3%$1.8m30,922−13%reduced
KBR KBR INCIndustrials1.3%$1.8m27,641−83%reduced
07S SECUREWORKS CORP–1.2%$1.6m234,205−63%reduced
PKE PARK AEROSPACE CORPIndustrials1.2%$1.6m117,352−67%reduced
ADM ARCHER DANIELS MIDLAND COConsumer Defensive1.1%$1.6m26,319−8.6%reduced
INFU INFUSYSTEM HLDGS INCHealthcare1.1%$1.6m229,088−42%reduced
AMSWAUSD LOGILITY SUPPLY CHAIN SOLUTI–1.1%$1.6m171,286−68%reduced
BNY BANK OF NY MELLON CORPFinancial Services1.1%$1.5m24,954−8.9%reduced
BRK/B BERKSHIRE HATHAWAY INC DEL–1.0%$1.5m3,5900.0%held
WFC WELLS FARGO & COFinancial Services0.9%$1.3m22,150−19%reduced
LTRPAUSD LIBERTY TRIPADVISOR HLDGS IN–0.9%$1.3m2.74m–new
CNX CNX RESOURCES CORPORATIONEnergy0.8%$1.1m45,088−86%reduced
DLHC DLH HLDGS CORPIndustrials0.7%$1.0m96,697−74%reduced
VTS VITESSE ENERGY INC–0.7%$910k38,393−89%reduced
BUTLER NATL ORD no ticker–0.6%$856k1.01m–new
IEH ORD no ticker–0.6%$839k97,575–new
TRIP TRIPADVISOR INCConsumer Cyclical0.5%$746k41,883–new
TRMB TRIMBLE INCTechnology0.4%$611k10,935−58%reduced
RRX REGAL REXNORD CORPORATIONIndustrials0.4%$552k4,081−52%reduced
GEG GREAT ELM GROUP INC–0.4%$544k302,189−70%reduced
HNRG HALLADOR ENERGY COMPANYUtilities0.4%$526k67,717−77%reduced
CLH CLEAN HARBORS INCIndustrials0.2%$344k1,519−67%reduced

Exited since Q1 2024

14 rows
SXI STANDEX INTL CORP1.2%$3.7m
LGF/BEUR LIONS GATE ENTMNT CORP0.9%$2.9m
AXALTA COATING SYS LTD no ticker0.8%$2.7m
HWM HOWMET AEROSPACE INC0.3%$970k
SIMPLIFY EXCHANGE TRADED FUN no ticker0.1%$392k
SPAB SPDR SERIES TRUST0.1%$357k
TPR TAPESTRY INC0.05%$142k
PFF ISHARES TR0.04%$113k
FLOT ISHARES TR0.04%$112k
JAAA JANUS DETROIT STR TR0.03%$96.4k
TG TREDEGAR CORP0.01%$32.6k
LIBERTY MEDIA CORP DEL no ticker0.0%$85
TIGO MILLICOM INTL CELLULAR S A0.0%$40
GLDD GREAT LAKES DREDGE & DOCK CO0.0%$26

Sector mix

  • Unclassified25.3%
  • Basic Materials17.5%
  • Communication Services13.6%
  • Technology12.7%
  • Financial Services8.1%
  • Healthcare5.0%
  • Energy4.7%
  • Real Estate4.2%
  • Industrials3.8%
  • Consumer Cyclical3.5%
  • Consumer Defensive1.2%
  • Utilities0.4%

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