SEC 13F Intelligence

Managers / Q2 2021 · view latest →

Cove Street Capital, LLC

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

Reported Value
$691M
Q2 2021
Positions
123
Filings on Record
29
2019–present window
Filed
Aug 12, 2021
original filing

Summary

Cove Street Capital, LLC reported $691M in U.S.-listed holdings across 123 positions for Q2 2021.

Its largest position, Viasat, represents 5.5% of the portfolio.

Compared with Q1 2021, the fund opened 8 new positions and exited 7.

Portfolio Metrics

Turnover
+13.2%
vs prior filed quarter
Top-10 Concentration
+31.8%
share of reported value
Largest Position
+5.5%
Viasat
New / Exited
8 / 7
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: 52.7%Common Stock: 45.4%Tracking Stk: 1.4%MLP: 0.4%PUBLIC: 0.1%Other: 0.0%
  • Other · 52.7% · $364M
  • Common Stock · 45.4% · $314M
  • Tracking Stk · 1.4% · $9M
  • MLP · 0.4% · $3M
  • PUBLIC · 0.1% · $744,000
  • Other · 0.0% · $300,000

Quarter-over-Quarter Changes full breakdown →

vs Q1 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
NEUNewmarket CorpNEW+42.0K42.0K+$14M$14M
ATROAstronics CorporationNEW+656.7K656.7K+$11M$11M
Chase CorporationNEW+59.4K59.4K+$6M$6M
DISCAUSDDiscovery Inc CL ANEW+87.4K87.4K+$3M$3M
TIPTTiptree IncNEW+232.9K232.9K+$2M$2M
Apex Escrow NoteNEW+14.9K14.9K+$743,000$743,000
MDPUSDMeredith CorporationNEW+5.6K5.6K+$243,000$243,000
GECCUSDGreat Elm Capital CorporationNEW+67.4K67.4K+$237,000$237,000

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

Holdings — Q2 2021

35 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1Viasat IncCOM7.44%$51M1.03M
2PQ Group Holdings IncCOM6.77%$47M3.05M
3Compass Minerals InternationalCOM5.17%$36M603.3K
4Colfax CorporationCOM4.71%$33M709.7K
5Millicom International CellularCOM4.59%$32M802.2K
6GP Strategies CorporationCOM3.71%$26M1.63M
7SSPE.W. Scripps Companyhistory →COM3.15%$22M1.07M
8K6BKBR Inchistory →COM3.03%$21M548.9K
9White Mountains Insurance GroupCOM2.95%$20M17.8K
10LDELandec Corporationhistory →COM2.92%$20M1.79M
11SNEXStoneX Group Inchistory →COM2.71%$19M309.0K
12AZZAZZ Inchistory →COM2.57%$18M343.3K
13OPLNKar Auction Services Inchistory →COM2.35%$16M923.3K
14Heritage-Crystal Clean IncCOM2.33%$16M542.3K
15SKAASkechers U.S.A. Inc CL Ahistory →COM2.10%$14M290.8K
16LUMNLumen Technologies Inchistory →COM2.01%$14M1.02M
17TEGNA IncCOM1.65%$11M608.6K
18CVLTCommvault Systems Inchistory →COM1.63%$11M144.2K
19Six Flags Entertainment CorporationCOM1.43%$10M228.6K
20Liberty SiriusXM Group - ACOM1.32%$9M196.3K
21SXIStandex International Corporationhistory →COM1.28%$9M93.0K
22NEUNewmarket Corphistory →COM1.28%$9M27.4K
2307SSecureWorks Corporationhistory →COM1.24%$9M462.9K
24Viemed Healthcare IncCOM1.20%$8M1.16M
25ATROAstronics Corporationhistory →COM1.13%$8M446.2K
26UFPTUFP Technologies Inchistory →COM1.06%$7M127.7K
27YUSDAlleghany CorporationCOM0.99%$7M10.3K
28GCP Applied Technologies IncCOM0.98%$7M291.9K
29HSICHenry Schein IncCOM0.88%$6M81.6K
30CNXCNX Resources CorporationCOM0.84%$6M424.0K
31Liberty Media Acquisition CorporationCOM0.84%$6M568.8K
32AYS1Sandstorm Gold LtdCOM0.82%$6M716.1K
33DLH Holdings CorporationCOM0.80%$6M475.7K
34Axalta Coating Systems LtdCOM0.80%$5M180.3K
35FMCFMC CorporationCOM0.75%$5M48.0K

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 ↗.