SEC 13F Intelligence

Managers / Q4 2021 · view latest →

Cove Street Capital, LLC

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

Reported Value
$571M
Q4 2021
Positions
126
Filings on Record
29
2019–present window
Filed
Feb 11, 2022
original filing

Summary

Cove Street Capital, LLC reported $571M in U.S.-listed holdings across 126 positions for Q4 2021.

Its largest position, Viasat, represents 4.8% of the portfolio.

Compared with Q3 2021, the fund opened 10 new positions and exited 9.

Portfolio Metrics

Turnover
+4.3%
vs prior filed quarter
Top-10 Concentration
+32.0%
share of reported value
Largest Position
+4.8%
Viasat
New / Exited
10 / 9
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: 59.9%Other: 37.8%Tracking Stk: 1.6%MLP: 0.5%PUBLIC: 0.1%Other: 0.1%
  • Common Stock · 59.9% · $342M
  • Other · 37.8% · $216M
  • Tracking Stk · 1.6% · $9M
  • MLP · 0.5% · $3M
  • PUBLIC · 0.1% · $504,000
  • Other · 0.1% · $417,000

Quarter-over-Quarter Changes full breakdown →

vs Q3 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
NABLN-able IncNEW+466.4K466.4K+$5M$5M
NATRNature's Sunshine Products IncNEW+162.7K162.7K+$3M$3M
RRXRegal Rexnord CorporationNEW+9.3K9.3K+$2M$2M
Hallmark Financial Services InNEW+6.0K6.0K+$26,000$26,000
OMLOmni-Lite Industries CanadaNEW+11.7K11.7K+$8,000$8,000
HTL1EURHamilton Thorne LtdNEW+3.6K3.6K+$6,000$6,000
QIFTFQuorum Information TechnologiesNEW+6.7K6.7K+$5,000$5,000
QIPTQuipt Home Medical CorporationNEW+508508+$3,000$3,000

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

Holdings — Q4 2021

34 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1Viasat IncCOM6.34%$36M812.9K
2LGF/BEURLions Gate Entertainment Corporationhistory →COM6.05%$35M2.24M
3ECVTEcovyst Inchistory →COM5.37%$31M2.99M
4Compass Minerals InternationalCOM5.26%$30M587.6K
5Colfax CorporationCOM4.63%$26M574.6K
6LDELandec Corporationhistory →COM3.49%$20M1.80M
7K6BKBR Inchistory →COM3.34%$19M400.0K
8SSPE.W. Scripps Companyhistory →COM3.07%$18M906.4K
9White Mountains Insurance GroupCOM2.88%$16M16.2K
10NEUNewMarket Corporationhistory →COM2.87%$16M47.7K
11SNEXStoneX Group Inchistory →COM2.81%$16M261.6K
12AZZAZZ Inchistory →COM2.72%$16M281.3K
13Millicom International CellularCOM2.71%$15M544.0K
14DLH Holdings CorporationCOM2.48%$14M684.0K
15Heritage-Crystal Clean IncCOM2.34%$13M417.9K
16LUMNLumen Technologies Inchistory →COM2.17%$12M988.3K
17CLMBWayside Technology Group Inchistory →COM2.17%$12M352.6K
18Six Flags Entertainment CorporationCOM1.92%$11M257.2K
19Liberty SiriusXM Group - ACOM1.60%$9M179.5K
20CVLTCommvault Systems Inchistory →COM1.58%$9M130.5K
21SKAASkechers U.S.A. Inc CL Ahistory →COM1.52%$9M199.6K
22TEGNA IncCOM1.38%$8M424.8K
2307SSecureWorks Corporationhistory →COM1.29%$7M461.9K
24SXIStandex International Corporationhistory →COM1.23%$7M63.2K
25YUSDAlleghany Corporationhistory →COM1.17%$7M10.0K
26DCODucommun Inchistory →COM1.13%$6M138.4K
27FMCFMC Corporationhistory →COM1.12%$6M58.4K
28UFPTUFP Technologies Inchistory →COM1.11%$6M90.1K
29Viemed Healthcare IncCOM1.09%$6M1.19M
30Axalta Coating Systems LtdCOM0.94%$5M161.3K
31CNXCNX Resources CorporationCOM0.78%$4M323.2K
32Liberty TripAdvisor Holdings IncCOM0.76%$4M1.99M
33BRK/BBerkshire Hathaway Inc CL BCOM0.72%$4M13.7K
34Liberty Media Acquisition CorpCOM0.72%$4M397.1K

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 ↗.