SEC 13F Intelligence

Managers / Q4 2019 · view latest →

Cove Street Capital, LLC

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

Reported Value
$756M
Q4 2019
Positions
135
Filings on Record
29
2019–present window
Filed
Feb 13, 2020
original filing

Summary

Cove Street Capital, LLC reported $756M in U.S.-listed holdings across 135 positions for Q4 2019.

Its largest position, Compass Minerals International, represents 6.6% of the portfolio.

Compared with Q3 2019, the fund opened 8 new positions and exited 3.

Portfolio Metrics

Turnover
+8.3%
vs prior filed quarter
Top-10 Concentration
+42.3%
share of reported value
Largest Position
+6.6%
Compass Minerals International
New / Exited
8 / 3
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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. 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: $335MQ3 ’23: $296MQ4 ’23: $327MQ4 ’23Q1 ’24: $316MQ4 ’24: $86MQ1 ’25: $64MQ1 ’25Q2 ’25: $68MQ3 ’25: $77Mfilingsflow.com

Portfolio Composition

By security type
Other: 61.0%Common Stock: 39.0%Tracking Stk: 0.0%
  • Other · 61.0% · $461M
  • Common Stock · 39.0% · $295M
  • Tracking Stk · 0.0% · $31,000

Quarter-over-Quarter Changes full breakdown →

vs Q3 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
Liberty TripAdvisor Holdings IncNEW+2.20M2.20M+$16M$16M
ViacomCBS IncNEW+124.9K124.9K+$5M$5M
Emerald Expositions Events IncNEW+257.3K257.3K+$3M$3M
TRIPTripadvisor IncNEW+44.1K44.1K+$1M$1M
Expedia Group IncNEW+11.5K11.5K+$1M$1M
PMPhilip Morris Intl IncNEW+10.9K10.9K+$927,000$927,000
GIFIGulf Island Fabrication IncNEW+125.0K125.0K+$634,000$634,000
SWCHFSierra Wireless IncNEW+65.7K65.7K+$627,000$627,000

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

Holdings — Q4 2019

99 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1Compass Minerals InternationalCOM6.59%$50M817.3K
2Millicom International CellularCOM5.50%$42M862.1K
3Colfax CorpCOM5.18%$39M1.08M
4SSPE.W. Scripps Companyhistory →COM5.14%$39M2.47M
5ViaSat IncCOM4.51%$34M466.0K
6GP Strategies CorpCOM4.21%$32M2.41M
7Macquarie Infrastructure CorpCOM3.10%$23M548.0K
8INTL FCStone IncCOM3.04%$23M471.3K
9Heritage-Crystal Clean IncCOM2.57%$19M619.5K
10Hallmark Financial Services IncCOM2.45%$19M1.05M
11UFPTUFP Technologies Inchistory →COM2.42%$18M369.0K
12Avid Technology IncCOM2.37%$18M2.09M
13Qurate Retail IncCOM2.27%$17M2.04M
14CVLTCommVault Systems Inchistory →COM2.20%$17M373.0K
15Patterson Companies IncCOM2.17%$16M799.6K
16Liberty TripAdvisor Holdings IncCOM2.14%$16M2.20M
17YELPYelp Inchistory →COM2.13%$16M462.1K
18TEGNA IncCOM2.10%$16M951.8K
19Equity CommonwealthCOM1.96%$15M451.2K
20Phibro Animal Health Corp ACOM1.95%$15M595.3K
21LogMeIn IncCOM1.87%$14M165.4K
22Spectrum Brands Holdings IncCOM1.72%$13M202.5K
23AVDAmerican Vanguard Corphistory →COM1.71%$13M663.9K
24SXIStandex International Corphistory →COM1.63%$12M155.1K
25Actuant Corp Cl ACOM1.58%$12M458.0K
26Liberty SiriusXM Group - ACOM1.54%$12M241.5K
27NOW IncCOM1.49%$11M1.00M
28Capital Senior Living CorpCOM1.49%$11M3.65M
29CenturyLink IncCOM1.34%$10M767.2K
30Axalta Coating Systems LtdCOM1.33%$10M331.2K
31GCP Applied Technologies IncCOM1.28%$10M427.7K
32YUSDAlleghany Corphistory →COM1.16%$9M11.0K
33MWAMueller Water Products Inc Ahistory →COM1.16%$9M729.3K
34Avanos Medical, IncCOM1.14%$9M255.5K
35Acuity Brands IncCOM1.12%$8M61.3K
36HSICHenry Schein IncCOM0.97%$7M110.3K
37FMCFMC CorpCOM0.81%$6M61.7K
38JPMorgan Chase & CompanyCOM0.80%$6M43.4K
39CSWCSW Industrials IncCOM0.79%$6M77.6K
40Great Elm Capital Group IncCOM0.78%$6M1.75M
41Carrols Restaurant Group IncCOM0.72%$5M777.2K
42ViacomCBS IncCOM0.69%$5M124.9K
43TPRTapestry IncCOM0.65%$5M182.7K
44BNYThe Bank of New York Mellon CoCOM0.57%$4M85.4K
45MATMattel IncCOM0.47%$4M261.2K
46General Electric CompanyCOM0.44%$3M297.4K
47Wesco Aircraft Holdings IncCOM0.42%$3M289.0K
48TE Connectivity LtdCOM0.40%$3M31.3K
49Emerald Expositions Events IncCOM0.36%$3M257.3K
50Liberty Global Plc ACOM0.29%$2M96.6K
51NTICNorthern Technologies InternationalCOM0.26%$2M141.7K
52Ituran Location and Control LtdCOM0.23%$2M70.0K
53Issuer Direct CorporationCOM0.18%$1M117.9K
54TRIPTripadvisor IncCOM0.18%$1M44.1K
55MCEMThe Monarch Cement CompanyCOM0.17%$1M21.9K
56Sirius XM Holdings IncCOM0.17%$1M183.5K
57PKEPark Aerospace CorpCOM0.17%$1M80.0K
58STSensata Technologies HoldingCOM0.17%$1M23.4K
59MSMMSC Industrial Direct Co IncCOM0.17%$1M16.0K
60LYTSLSI Industries IncCOM0.17%$1M207.2K
61Expedia Group IncCOM0.17%$1M11.5K
62CLHClean Harbors IncCOM0.15%$1M13.3K
63TRNSTranscat IncCOM0.15%$1M35.0K
64Global Indemnity LimitedCOM0.14%$1M35.0K
65WSMWilliams-Sonoma IncCOM0.14%$1M14.0K
66Apex Global Brands IncCOM0.13%$976,0001.26M
67SIFSIFCO Industries IncCOM0.13%$956,000242.0K
68Star Group L.P.COM0.12%$945,00099.9K
69AGNC Investment Corp 7 10/15/PFD0.12%$944,00036.3K
70Viemed Healthcare, IncCOM0.12%$930,000150.0K
71PMPhilip Morris Intl IncCOM0.12%$927,00010.9K
72Big 5 Sporting Goods CorpCOM0.12%$900,000300.0K
73DLH Holdings CorpCOM0.12%$892,000212.8K
74HNRGHallador Energy CompanyCOM0.12%$891,000300.0K
75SMHISEACOR Marine Holdings IncCOM0.12%$876,00063.5K
76Carbon Energy CorporationCOM0.11%$842,000267.3K
77Southern Natl Bancorp Of VA IncCOM0.11%$817,00050.0K
78PARRPar Pacific Holdings IncCOM0.11%$813,00035.0K
79Patriot Transportation HoldingCOM0.09%$660,00033.9K
80GIFIGulf Island Fabrication IncCOM0.08%$634,000125.0K
81SWCHFSierra Wireless IncCOM0.08%$627,00065.7K
82Cars.com IncCOM0.08%$611,00050.0K
83ALJ Regional Holdings IncCOM0.08%$602,000523.8K
84WFCWells Fargo & Company FPP 7.5PFD0.08%$587,000405
85RDIReading International IncCOM0.07%$559,00050.0K
86Inspired Entertainment IncCOM0.07%$540,00080.0K
87FRP Holdings IncCOM0.06%$468,0009.4K
88Verso CorpCOM0.06%$451,00025.0K
89USLMUnited States Lime & Mineral ItdCOM0.06%$451,0005.0K
90Seacor Holdings IncCOM0.06%$431,00010.0K
91FRMO CorpCOM0.06%$421,00073.4K
92GOLDA-Mark Precious Metals IncCOM0.05%$358,00043.3K
93Trinity Place Holdings IncCOM0.04%$301,000100.0K
94Contango ORE IncCOM0.02%$161,00011.1K
95AbbVie IncCOM0.02%$133,0001.5K
96ABTAbbott LaboratoriesCOM0.02%$130,0001.5K
97CVXChevron CorpCOM0.02%$121,0001.0K
98White Mountains Insurance GroupCOM0.01%$81,00073
99Liberty Formula One ACOM0.00%$31,000700

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$335M116May 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 ↗.