SEC 13F Intelligence

Managers / Q1 2021 · view latest →

Cove Street Capital, LLC

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

Reported Value
$698M
Q1 2021
Positions
120
Filings on Record
29
2019–present window
Filed
May 25, 2021
original filing

Summary

Cove Street Capital, LLC reported $698M in U.S.-listed holdings across 120 positions for Q1 2021.

Its largest position, Viasat, represents 5.4% of the portfolio.

Compared with Q4 2020, the fund opened 18 new positions and exited 12.

Portfolio Metrics

Turnover
+10.7%
vs prior filed quarter
Top-10 Concentration
+35.5%
share of reported value
Largest Position
+5.4%
Viasat
New / Exited
18 / 12
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: 53.7%Common Stock: 44.9%Tracking Stk: 1.2%PUBLIC: 0.1%MLP: 0.1%Other: 0.0%
  • Other · 53.7% · $375M
  • Common Stock · 44.9% · $313M
  • Tracking Stk · 1.2% · $8M
  • PUBLIC · 0.1% · $706,000
  • MLP · 0.1% · $436,000
  • Other · 0.0% · $244,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
OPLNKar Auction Services IncNEW+1.08M1.08M+$16M$16M
CNXCNX Resources CorporationNEW+687.7K687.7K+$10M$10M
AYS1Sandstorm Gold LtdNEW+1.18M1.18M+$8M$8M
CLMBWayside Technology Group IncNEW+160.4K160.4K+$4M$4M
FNVFranco-Nevada CorporationNEW+30.9K30.9K+$4M$4M
DISHDISH Network CorporationNEW+69.1K69.1K+$3M$3M
W3UWestern Union CompanyNEW+47.9K47.9K+$1M$1M
DVNDevon Energy CorporationNEW+40.5K40.5K+$886,000$886,000

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

Holdings — Q1 2021

34 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1Viasat IncCOM7.25%$51M1.05M
2Compass Minerals InternationalCOM6.52%$46M725.7K
3Millicom International CellulaCOM5.29%$37M966.3K
4Colfax CorporationCOM5.06%$35M805.6K
5PQ Group Holdings IncCOM4.83%$34M2.02M
6GP Strategies CorporationCOM4.66%$32M1.86M
7K6BKBR Inchistory →COM4.17%$29M757.8K
8White Mountains Insurance GroupCOM3.75%$26M23.5K
9SKAASkechers U.S.A. Inc CL Ahistory →COM3.49%$24M583.2K
10SNEXStoneX Group Inchistory →COM3.37%$23M359.2K
11SSPE.W. Scripps Companyhistory →COM3.21%$22M1.16M
12LUMNLumen Technologies Inchistory →COM2.84%$20M1.48M
13Viemed Healthcare IncCOM2.78%$19M1.92M
14AZZAZZ Inchistory →COM2.75%$19M380.7K
15LDELandec Corporationhistory →COM2.55%$18M1.68M
16Phibro Animal Health CorporationCOM2.45%$17M700.0K
17Heritage-Crystal Clean IncCOM2.33%$16M598.6K
18CVLTCommVault Systems Inchistory →COM1.71%$12M185.3K
19OPLNKar Auction Services Inchistory →COM1.67%$12M774.7K
20Six Flags Entertainment CorporationCOM1.65%$12M247.7K
21SXIStandex International Corporationhistory →COM1.36%$9M99.0K
22GCP Applied Technologies IncCOM1.17%$8M332.2K
23Liberty SiriusXM Group - ACOM1.15%$8M182.6K
24UFPTUFP Technologies Inchistory →COM1.01%$7M141.9K
25YUSDAlleghany CorporationCOM0.99%$7M11.1K
26CNXCNX Resources CorporationCOM0.92%$6M436.4K
27HSICHenry Schein IncCOM0.85%$6M85.2K
28AYS1Sandstorm Gold LtdCOM0.79%$6M810.8K
29FMCFMC CorporationCOM0.73%$5M45.8K
30Liberty TripAdvisor Holdings IncCOM0.72%$5M782.3K
31Axalta Coating Systems LtdCOM0.71%$5M167.9K
3207SSecureWorks CorporationCOM0.70%$5M364.6K
33TEGNA IncCOM0.69%$5M254.3K
34BRK/BBerkshire Hathaway Inc CL BCOM0.66%$5M17.9K

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 ↗.