SEC 13F Intelligence

Managers / Q3 2021 · view latest →

Cove Street Capital, LLC

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

Reported Value
$674M
Q3 2021
Positions
125
Filings on Record
29
2019–present window
Filed
Nov 12, 2021
original filing

Summary

Cove Street Capital, LLC reported $674M in U.S.-listed holdings across 125 positions for Q3 2021.

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

Compared with Q2 2021, the fund opened 7 new positions and exited 5.

Portfolio Metrics

Turnover
+15.3%
vs prior filed quarter
Top-10 Concentration
+32.0%
share of reported value
Largest Position
+5.5%
Viasat
New / Exited
7 / 5
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
Common Stock: 55.6%Other: 42.5%Tracking Stk: 1.4%MLP: 0.3%PUBLIC: 0.1%Other: 0.0%
  • Common Stock · 55.6% · $375M
  • Other · 42.5% · $286M
  • Tracking Stk · 1.4% · $9M
  • MLP · 0.3% · $2M
  • PUBLIC · 0.1% · $733,000
  • Other · 0.0% · $301,000

Quarter-over-Quarter Changes full breakdown →

vs Q2 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
LGF/BEURLions Gate Entertainment CorporationNEW+2.84M2.84M+$37M$37M
ECVTEcovyst IncNEW+2.89M2.89M+$34M$34M
Avanos Medical IncNEW+6.6K6.6K+$207,000$207,000
SPOKSpok Holdings IncNEW+8.8K8.8K+$90,000$90,000
EMLThe Eastern CompanyNEW+2.6K2.6K+$65,000$65,000
HNRGHallador Energy CompanyNEW+20.7K20.7K+$61,000$61,000
TBTCTable Trac IncNEW+8.0K8.0K+$27,000$27,000
DCODucommun IncADDED+107.5K108.3K+$5M$5M

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

Holdings — Q3 2021

34 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1Viasat IncCOM7.73%$52M945.5K
2LGF/BEURLions Gate Entertainment Corporationhistory →COM5.48%$37M2.84M
3Compass Minerals InternationalCOM5.29%$36M553.4K
4ECVTEcovyst Inchistory →COM5.00%$34M2.89M
5Colfax CorporationCOM4.69%$32M689.0K
6Millicom International CellularCOM4.01%$27M746.8K
7White Mountains Insurance GroupCOM3.40%$23M21.4K
8NEUNewMarket Corporationhistory →COM3.23%$22M64.2K
9K6BKBR Inchistory →COM3.08%$21M526.3K
10SNEXStoneX Group Inchistory →COM2.96%$20M302.9K
11SSPE.W. Scripps Companyhistory →COM2.94%$20M1.10M
12AZZAZZ Inchistory →COM2.64%$18M334.9K
13LDELandec Corporationhistory →COM2.48%$17M1.81M
14Heritage-Crystal Clean IncCOM2.36%$16M548.5K
15TEGNA IncCOM2.24%$15M765.0K
1607SSecureWorks Corporationhistory →COM2.16%$15M730.9K
17LUMNLumen Technologies Inchistory →COM1.98%$13M1.08M
18CVLTCommvault Systems Inchistory →COM1.59%$11M141.9K
19Six Flags Entertainment CorporationCOM1.47%$10M233.2K
20Liberty SiriusXM Group - ACOM1.36%$9M194.6K
21SXIStandex International Corporationhistory →COM1.34%$9M91.4K
22UFPTUFP Technologies Inchistory →COM1.09%$7M119.6K
23SKAASkechers U.S.A. Inc CL Ahistory →COM1.08%$7M173.5K
24GCP Applied Technologies IncCOM1.05%$7M323.1K
25CLMBWayside Technology Group Inchistory →COM1.01%$7M252.5K
26YUSDAlleghany CorporationCOM0.95%$6M10.2K
27Liberty Media Acquisition CorpCOM0.93%$6M620.8K
28DLH Holdings CorporationCOM0.93%$6M507.2K
29HSICHenry Schein IncCOM0.87%$6M76.8K
30Viemed Healthcare IncCOM0.86%$6M1.05M
31GP Strategies CorporationCOM0.80%$5M261.1K
32FMCFMC CorporationCOM0.78%$5M57.3K
33Axalta Coating Systems LtdCOM0.77%$5M178.9K
34CNXCNX Resources CorporationCOM0.77%$5M411.7K

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 ↗.