WhaleCreep

Cove Street Capital 13F holdings, Q4 2024

Long-only investorSEC filingsCompare with another fundHoldings as of 2024-12-31, filed 2025-02-12

Cove Street Capital disclosed 94 US equity positions worth $85.7m in its Q4 2024 13F filing. Its largest position is RSSS at 8.5% of the reported book, followed by WBD and AVD. Versus Q3 2024 it opened 6 new positions, added to 8, reduced 29 and exited 11.

$85.7m
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
94
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
8.5%
Largest position
The largest single position as a share of the reported equity book.
44.1%
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 Q3 2024: 6 new, 8 added, 29 reduced, 11 exited

50 of 94
RSSS RESEARCH SOLUTIONS INC–8.5%$7.3m1.76m−32%reduced
WBD WARNER BROS DISCOVERY INCCommunication Services4.5%$3.9m366,8050.0%held
AVD AMERICAN VANGUARD CORPBasic Materials4.5%$3.8m829,293−21%reduced
ECVT ECOVYST INCBasic Materials4.4%$3.8m491,560−24%reduced
CLVT CLARIVATE PLCTechnology4.3%$3.7m724,868+9.4%added
AAP ADVANCE AUTO PARTS INCConsumer Cyclical4.3%$3.7m77,818−21%reduced
PPLI PEOPLE INCCommunication Services4.1%$3.5m80,503−39%reduced
KMI KINDER MORGAN INC DELEnergy3.3%$2.9m104,521−5.8%reduced
SSP SCRIPPS E W CO OHIOCommunication Services3.3%$2.8m1.26m−53%reduced
OUT OUTFRONT MEDIA INCReal Estate2.9%$2.5m139,897−57%reduced
VSAT VIASAT INCTechnology2.7%$2.3m273,406−28%reduced
CMP COMPASS MINERALS INTL INCBasic Materials2.6%$2.3m201,372−64%reduced
SCHW SCHWAB CHARLES CORPFinancial Services2.6%$2.2m29,8240.0%held
WHITE MTNS INS GROUP LTD no ticker–2.4%$2.1m1,067−50%reduced
FNV FRANCO NEVADA CORPBasic Materials2.3%$2.0m17,1140.0%held
SNEX STONEX GROUP INCFinancial Services2.3%$2.0m19,921−46%reduced
BNY BANK OF NY MELLON CORPFinancial Services2.2%$1.9m24,9540.0%held
ENOV ENOVIS CORPORATIONHealthcare2.2%$1.9m42,893−23%reduced
NEU NEWMARKET CORPBasic Materials2.2%$1.9m3,530−38%reduced
BRK/B BERKSHIRE HATHAWAY INC DEL–2.1%$1.8m3,9350.0%held
TIPT TIPTREE INCFinancial Services2.0%$1.7m83,760−53%reduced
INFU INFUSYSTEM HLDGS INCHealthcare1.9%$1.6m193,450−13%reduced
TBRG TRUBRIDGE INC–1.9%$1.6m81,569−55%reduced
GBLI GLOBAL INDEMNITY GROUP LLC–1.9%$1.6m44,555−33%reduced
WFC WELLS FARGO & COFinancial Services1.8%$1.6m22,1500.0%held
CLAR CLARUS CORP NEWConsumer Cyclical1.6%$1.3m297,431+182%added
VMD VIEMED HEALTHCARE INCHealthcare1.5%$1.3m160,261−54%reduced
FMC FMC CORPBasic Materials1.5%$1.3m25,8530.0%held
CLMB CLIMB GLOBAL SOLUTIONS INCTechnology1.4%$1.2m9,158−67%reduced
TFPM TRIPLE FLAG PRECIOUS METALBasic Materials1.4%$1.2m77,102−48%reduced
BTI BRITISH AMERN TOB PLCConsumer Defensive1.2%$1.1m28,921–new
OXY OCCIDENTAL PETE CORPEnergy1.2%$1.0m20,969+56%added
SIMPLIFY EXCHANGE TRADED FUN no ticker–0.8%$725k14,6000.0%held
KBR KBR INCIndustrials0.8%$677k11,692−46%reduced
FUN SIX FLAGS ENTERTAINMENT CORPConsumer Cyclical0.8%$664k13,794−52%reduced
RDVT RED VIOLET INC–0.7%$629k17,340−79%reduced
MPAA MOTORCAR PTS AMER INC–0.7%$559k73,378−72%reduced
VTS VITESSE ENERGY INC–0.6%$504k20,1420.0%held
AMSWAUSD LOGILITY SUPPLY CHAIN SOLUTI–0.6%$475k42,963−74%reduced
PKE PARK AEROSPACE CORPIndustrials0.5%$464k31,723−68%reduced
07S SECUREWORKS CORP–0.4%$369k43,602−82%reduced
AAPL APPLE INCTechnology0.4%$363k1,4500.0%held
TRIP TRIPADVISOR INCConsumer Cyclical0.4%$353k23,9130.0%held
SPAB SPDR SERIES TRUST–0.4%$352k14,1000.0%held
AVGO BROADCOM INCTechnology0.4%$325k1,4000.0%held
MSFT MICROSOFT CORPTechnology0.3%$287k6800.0%held
GOOGL ALPHABET INCCommunication Services0.3%$284k1,5000.0%held
CTO CTO RLTY GROWTH INC NEW–0.3%$264k13,4040.0%held
AMZN AMAZON COM INCConsumer Cyclical0.3%$233k1,0600.0%held
SGU STAR GROUP L PEnergy0.2%$213k18,5000.0%held

Exited since Q3 2024

11 rows
ADM ARCHER DANIELS MIDLAND CO1.2%$1.6m
HNRG HALLADOR ENERGY COMPANY0.7%$922k
DVN DEVON ENERGY CORP NEW0.7%$891k
CNX CNX RESOURCES CORPORATION0.7%$887k
DLHC DLH HLDGS CORP0.7%$847k
PEP PEPSICO INC0.05%$57.8k
AEUSD ADAMS RES & ENERGY INC0.01%$8.3k
RRX REGAL REXNORD CORPORATION0.0%$166
GLDD GREAT LAKES DREDGE & DOCK CO0.0%$11
LGF/BEUR LIONS GATE ENTMNT CORP0.0%$7
LFCR LIFECORE BIOMEDICAL INC0.0%$5

Sector mix

  • Unclassified22.3%
  • Basic Materials18.9%
  • Communication Services12.2%
  • Financial Services11.4%
  • Technology9.9%
  • Consumer Cyclical7.4%
  • Healthcare6.4%
  • Energy5.2%
  • Real Estate3.0%
  • Industrials1.9%
  • Consumer Defensive1.5%

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