SEC 13F Intelligence

Managers / Q2 2019 · view latest →

Cove Street Capital, LLC

CIK 0001531612 · 525 SOUTH DOUGLAS STREET, SUITE 225, EL SEGUNDO, CA, 90245 · 424-221-5897

Reported Value
$775M
Q2 2019
Positions
129
Filings on Record
29
2019–present window
Filed
Aug 13, 2019
original filing

Summary

Cove Street Capital, LLC reported $775M in U.S.-listed holdings across 129 positions for Q2 2019.

Its largest position, Millicom International Cellular, represents 4.6% of the portfolio.

Compared with Q1 2019, the fund opened 30 new positions and exited 30.

Portfolio Metrics

Turnover
+42.2%
vs prior filed quarter
Top-10 Concentration
+30.6%
share of reported value
Largest Position
+4.6%
Millicom International Cellular
New / Exited
30 / 30
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $773MQ4 ’18Q1 ’19: $817MQ2 ’19: $775MQ3 ’19: $715MQ3 ’19Q4 ’19: $756MQ1 ’20: $488MQ2 ’20: $505MQ2 ’20Q3 ’20: $528MQ4 ’20: $565MQ1 ’21: $698MQ1 ’21Q2 ’21: $691MQ3 ’21: $674MQ4 ’21: $571MQ4 ’21Q1 ’22: $565MQ2 ’22: $397MQ3 ’22: $358MQ3 ’22Q1 ’23: $335,356Q3 ’23: $296MQ4 ’23: $327MQ4 ’23Q1 ’24: $316MQ4 ’24: $86MQ1 ’25: $64MQ1 ’25Q2 ’25: $68MQ3 ’25: $77Mfilingsflow.com

Portfolio Composition

By security type
Other: 63.3%Common Stock: 33.1%REIT: 1.9%Tracking Stk: 1.5%PUBLIC: 0.2%
  • Other · 63.3% · $491M
  • Common Stock · 33.1% · $256M
  • REIT · 1.9% · $15M
  • Tracking Stk · 1.5% · $12M
  • PUBLIC · 0.2% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ViaSat IncNEW+459.7K459.7K+$37M$37M
GP Strategies CorpNEW+2.13M2.13M+$32M$32M
Heritage-Crystal Clean IncNEW+1.02M1.02M+$27M$27M
Avid Technology IncNEW+2.87M2.87M+$26M$26M
Hallmark Financial Services IncNEW+1.57M1.57M+$22M$22M
INTL FCStone IncNEW+534.0K534.0K+$21M$21M
Macquarie Infrastructure CorpNEW+438.1K438.1K+$18M$18M
Actuant Corp Cl ANEW+621.6K621.6K+$15M$15M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q2 2019

37 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1Millicom International CellularCOM6.00%$46M834.3K
2Compass Minerals InternationalCOM4.95%$38M698.6K
3ViaSat IncCOM4.79%$37M459.7K
4Colfax CorpCOM4.74%$37M1.31M
5GP Strategies CorpCOM4.14%$32M2.13M
6Heritage-Crystal Clean IncCOM3.48%$27M1.02M
7WAIREURWesco Aircraft Holdings Inchistory →COM3.40%$26M2.38M
8Avid Technology IncCOM3.38%$26M2.87M
9UFPTUFP Technologies Inchistory →COM3.34%$26M621.8K
10Spectrum Brands Holdings IncCOM2.97%$23M427.5K
11Hallmark Financial Services IncCOM2.88%$22M1.57M
12INTL FCStone IncCOM2.73%$21M534.0K
13PDCOEURPatterson Companies Inchistory →COM2.27%$18M766.9K
14TEGNA IncCOM1.81%$14M926.3K
15Axalta Coating Systems LtdCOM1.74%$13M452.4K
16Macquarie Infrastructure CorpCOM1.60%$12M306.1K
17YELPYelp Inchistory →COM1.57%$12M355.6K
18CSUUSDCapital Senior Living Corphistory →COM1.57%$12M2.41M
19SSPE.W. Scripps Companyhistory →COM1.52%$12M772.4K
20Liberty SiriusXM Group - ACOM1.49%$12M305.3K
21YUSDAlleghany Corphistory →COM1.44%$11M16.4K
22CSWCSW Industrials Inchistory →COM1.42%$11M162.1K
23MAM Software Group IncCOM1.36%$11M1.04M
24Actuant Corp Cl ACOM1.36%$11M423.6K
25NOW IncCOM1.31%$10M687.7K
26AVDAmerican Vanguard Corphistory →COM1.24%$10M624.9K
27Equity CommonwealthCOM1.22%$9M290.8K
28CTLEURCenturyLink Inchistory →COM1.22%$9M803.1K
29HSICHenry Schein Inchistory →COM1.18%$9M131.0K
30JPMorgan Chase & CompanyCOM1.00%$8M69.4K
31Acuity Brands IncCOM1.00%$8M56.2K
32Viacom Inc New CL BCOM0.88%$7M228.2K
33GTT1USDGTT Communications IncCOM0.87%$7M385.2K
34FMCFMC CorpCOM0.85%$7M79.4K
35Carrols Restaurant Group IncCOM0.82%$6M704.6K
36Qurate Retail IncCOM0.78%$6M488.6K
37TUPTupperware Brands CorpCOM0.77%$6M314.6K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q3 2025$77M96Nov 13, 202513F-HRchanges · EDGAR ↗
Q2 2025$68M97Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$64M98May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$86M94Feb 12, 202513F-HRchanges · EDGAR ↗
Q3 2024Under review99Nov 12, 202413F-HRchanges · EDGAR ↗
Q2 2024Under review84Jul 18, 202413F-HRchanges · EDGAR ↗
Q1 2024$316M105May 7, 202413F-HRchanges · EDGAR ↗
Q4 2023$327M103Feb 14, 2024RESTATEMENTchanges · EDGAR ↗
Q3 2023$296M113Nov 9, 202313F-HRchanges · EDGAR ↗
Q2 2023Under review113Aug 11, 202313F-HRchanges · EDGAR ↗
Q1 2023$335,356116May 5, 202313F-HRchanges · EDGAR ↗
Q4 2022Under review113Feb 10, 202313F-HRchanges · EDGAR ↗
Q3 2022$358M112Nov 8, 202213F-HRchanges · EDGAR ↗
Q2 2022$397M118Aug 12, 202213F-HRchanges · EDGAR ↗
Q1 2022$565M122May 2, 202213F-HRchanges · EDGAR ↗
Q4 2021$571M126Feb 11, 202213F-HRchanges · EDGAR ↗
Q3 2021$674M125Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$691M123Aug 12, 202113F-HRchanges · EDGAR ↗
Q1 2021$698M120May 25, 202113F-HRchanges · EDGAR ↗
Q4 2020$565M114Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$528M111Nov 13, 202013F-HRchanges · EDGAR ↗
Q2 2020$505M112Aug 13, 202013F-HRchanges · EDGAR ↗
Q1 2020$488M135May 14, 202013F-HRchanges · EDGAR ↗
Q4 2019$756M135Feb 13, 202013F-HRchanges · EDGAR ↗
Q3 2019$715M128Nov 13, 201913F-HRchanges · EDGAR ↗
Q2 2019$775M129Aug 13, 201913F-HRchanges · EDGAR ↗
Q1 2019$817M128May 14, 201913F-HRchanges · EDGAR ↗
Q4 2018$773M130Feb 13, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.