WhaleCreep

Cove Street Capital 13F holdings, Q1 2025

Long-only investorSEC filingsCompare with another fundHoldings as of 2025-03-31, filed 2025-05-15

Cove Street Capital disclosed 98 US equity positions worth $63.7m in its Q1 2025 13F filing. Its largest position is AVD at 7.7% of the reported book, followed by ECVT and RSSS. Versus Q4 2024 it opened 13 new positions, added to 6, reduced 35 and exited 9.

$63.7m
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
98
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
7.7%
Largest position
The largest single position as a share of the reported equity book.
44.8%
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 Q4 2024: 13 new, 6 added, 35 reduced, 9 exited

50 of 98
AVD AMERICAN VANGUARD CORPBasic Materials7.7%$4.9m1.12m+35%added
ECVT ECOVYST INCBasic Materials6.2%$4.0m638,149+30%added
RSSS RESEARCH SOLUTIONS INC–5.5%$3.5m1.35m−24%reduced
PPLI PEOPLE INCCommunication Services5.2%$3.3m71,425−11%reduced
WBD WARNER BROS DISCOVERY INCCommunication Services4.4%$2.8m260,805−29%reduced
AAP ADVANCE AUTO PARTS INCConsumer Cyclical3.4%$2.1m54,436−30%reduced
SSP SCRIPPS E W CO OHIOCommunication Services3.3%$2.1m705,418−44%reduced
VSAT VIASAT INCTechnology3.2%$2.1m197,405−28%reduced
SNEX STONEX GROUP INCFinancial Services3.2%$2.0m26,673+34%added
TIPT TIPTREE INCFinancial Services2.8%$1.8m72,988−13%reduced
WEX WEX INCTechnology2.7%$1.7m10,968–new
KMI KINDER MORGAN INC DELEnergy2.7%$1.7m59,920−43%reduced
BRK/B BERKSHIRE HATHAWAY INC DEL–2.5%$1.6m2,993−24%reduced
FMC FMC CORPBasic Materials2.4%$1.5m35,878+39%added
NEU NEWMARKET CORPBasic Materials2.3%$1.4m2,550−28%reduced
CLVT CLARIVATE PLCTechnology2.1%$1.4m345,588−52%reduced
TFPM TRIPLE FLAG PRECIOUS METALBasic Materials2.1%$1.3m69,812−9.5%reduced
ENOV ENOVIS CORPORATIONHealthcare2.0%$1.3m33,372−22%reduced
CMP COMPASS MINERALS INTL INCBasic Materials2.0%$1.3m134,996−33%reduced
SCHW SCHWAB CHARLES CORPFinancial Services1.9%$1.2m15,668−47%reduced
GBLI GLOBAL INDEMNITY GROUP LLC–1.9%$1.2m35,443−20%reduced
INFU INFUSYSTEM HLDGS INCHealthcare1.8%$1.1m210,301+8.7%added
ANIK ANIKA THERAPEUTICS INCHealthcare1.8%$1.1m74,902–new
BNY BANK OF NY MELLON CORPFinancial Services1.8%$1.1m13,343−47%reduced
VMD VIEMED HEALTHCARE INCHealthcare1.6%$1.0m141,641−12%reduced
CLAR CLARUS CORP NEWConsumer Cyclical1.6%$1.0m270,337−9.1%reduced
WFC WELLS FARGO & COFinancial Services1.6%$1.0m14,020−37%reduced
WHITE MTNS INS GROUP LTD no ticker–1.5%$946k491−54%reduced
CLMB CLIMB GLOBAL SOLUTIONS INCTechnology1.4%$909k8,209−10%reduced
SIMPLIFY EXCHANGE TRADED FUN no ticker–1.1%$732k14,6000.0%held
OXY OCCIDENTAL PETE CORPEnergy1.0%$659k13,345−36%reduced
BTI BRITISH AMERN TOB PLCConsumer Defensive0.9%$576k13,921−52%reduced
NABL N-ABLE INCTechnology0.7%$462k65,139–new
NVRI ENVIRI CORPIndustrials0.7%$458k68,923–new
VTS VITESSE ENERGY INC–0.7%$428k17,400−14%reduced
FUN SIX FLAGS ENTERTAINMENT CORPConsumer Cyclical0.7%$416k11,662−15%reduced
ATRO ASTRONICS CORPIndustrials0.6%$400k16,555–new
IDV ISHARES TR–0.6%$380k12,265–new
SPAB SPDR SERIES TRUST–0.6%$360k14,1000.0%held
8HH AVANOS MED INC–0.5%$318k22,196–new
RDVT RED VIOLET INC–0.5%$312k8,303−52%reduced
PKE PARK AEROSPACE CORPIndustrials0.5%$305k22,703−28%reduced
KBR KBR INCIndustrials0.5%$289k5,800−50%reduced
AAPL APPLE INCTechnology0.4%$267k1,200−17%reduced
CTO CTO RLTY GROWTH INC NEW–0.4%$245k12,704−5.2%reduced
SGU STAR GROUP L PEnergy0.4%$244k18,5000.0%held
GOOGL ALPHABET INCCommunication Services0.4%$232k1,5000.0%held
MSFT MICROSOFT CORPTechnology0.4%$225k600−12%reduced
ABBV ABBVIE INCHealthcare0.3%$210k1,0000.0%held
AMZN AMAZON COM INCConsumer Cyclical0.3%$202k1,0600.0%held

Exited since Q4 2024

9 rows
FNV FRANCO NEVADA CORP2.3%$2.0m
TBRG TRUBRIDGE INC1.9%$1.6m
MPAA MOTORCAR PTS AMER INC0.7%$559k
AMSWAUSD LOGILITY SUPPLY CHAIN SOLUTI0.6%$475k
07S SECUREWORKS CORP0.4%$369k
TRIP TRIPADVISOR INC0.4%$353k
ADBE ADOBE INC0.1%$91.2k
ANGI ANGI INC0.02%$16.5k
CTGO CONTANGO SILVER & GOLD INC0.02%$13.6k

Sector mix

  • Basic Materials22.7%
  • Unclassified17.2%
  • Communication Services13.2%
  • Financial Services11.9%
  • Technology11.6%
  • Healthcare8.4%
  • Consumer Cyclical6.0%
  • Energy4.6%
  • Industrials3.0%
  • Consumer Defensive1.3%
  • Real Estate0.09%

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