SEC 13F Intelligence

Managers / Q1 2022 · view latest →

Cove Street Capital, LLC

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

Reported Value
$565M
Q1 2022
Positions
122
Filings on Record
29
2019–present window
Filed
May 2, 2022
original filing

Summary

Cove Street Capital, LLC reported $565M in U.S.-listed holdings across 122 positions for Q1 2022.

Its largest position, Viasat, represents 5.7% of the portfolio.

Compared with Q4 2021, the fund opened 5 new positions and exited 8.

Portfolio Metrics

Turnover
+8.3%
vs prior filed quarter
Top-10 Concentration
+34.2%
share of reported value
Largest Position
+5.7%
Viasat
New / Exited
5 / 8
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: 61.8%Other: 36.3%Tracking Stk: 1.2%MLP: 0.6%REIT: 0.1%Other: 0.1%
  • Common Stock · 61.8% · $349M
  • Other · 36.3% · $205M
  • Tracking Stk · 1.2% · $7M
  • MLP · 0.6% · $3M
  • REIT · 0.1% · $450,000
  • Other · 0.1% · $438,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
IPGPIPG Photonics CorporationNEW+12.7K12.7K+$1M$1M
0J7QIAC InterActive CorporationNEW+13.9K13.9K+$1M$1M
WBDWarner Bros Discovery IncNEW+27.5K27.5K+$686,000$686,000
KMIKinder Morgan IncNEW+19.6K19.6K+$371,000$371,000
SPCOQThe Stephan CompanyNEW+501501+$1,000$1,000
HNRGHallador Energy CompanyADDED+6.6K7.8K+$24,000$27,000
TBTCTable Trac IncADDED+1.5K1.8K+$5,000$6,000
W3UWestern Union CompanyADDED+61.7K78.2K+$1M$1M

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

Holdings — Q1 2022

34 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1Viasat IncCOM7.34%$41M850.0K
2ECVTEcovyst Inchistory →COM6.78%$38M3.31M
3Compass Minerals InternationalCOM5.68%$32M511.5K
4LGF/BEURLions Gate Entertainment Corporationhistory →COM5.48%$31M2.06M
5White Mountains Insurance GroupCOM3.85%$22M19.2K
6LDELandec Corporationhistory →COM3.83%$22M1.87M
7Colfax CorporationCOM3.76%$21M534.3K
8K6BKBR Inchistory →COM3.41%$19M351.7K
9SSPE.W. Scripps Companyhistory →COM3.21%$18M871.5K
10SNEXStoneX Group Inchistory →COM2.96%$17M225.4K
11Millicom International CellularCOM2.90%$16M650.9K
12AZZAZZ Inchistory →COM2.35%$13M275.4K
13NEUNewMarket Corporationhistory →COM2.31%$13M40.3K
14Heritage-Crystal Clean IncCOM2.22%$13M423.5K
15DCODucommun Inchistory →COM2.18%$12M235.1K
16CLMBWayside Technology Group Inchistory →COM2.16%$12M353.5K
17LUMNLumen Technologies Inchistory →COM2.05%$12M1.03M
18Six Flags Entertainment CorporationCOM1.74%$10M226.5K
19SKAASkechers U.S.A. Inc CL Ahistory →COM1.66%$9M230.6K
20CVLTCommvault Systems Inchistory →COM1.46%$8M124.1K
2107SSecureWorks Corporationhistory →COM1.27%$7M541.5K
22Liberty SiriusXM Group - ACOM1.22%$7M150.3K
23DLH Holdings CorporationCOM1.21%$7M361.5K
24Viemed Healthcare IncCOM1.19%$7M1.35M
25FMCFMC Corporationhistory →COM1.08%$6M46.3K
26CNXCNX Resources Corporationhistory →COM1.08%$6M293.4K
27SXIStandex International CorporationCOM0.99%$6M56.0K
28Liberty TripAdvisor Holdings IncCOM0.94%$5M2.60M
29Liberty Media Acquisition CorporationCOM0.89%$5M508.3K
30UFPTUFP Technologies IncCOM0.83%$5M70.8K
31Axalta Coating Systems LtdCOM0.81%$5M186.2K
32AYS1Sandstorm Gold LtdCOM0.81%$5M565.2K
33BRK/BBerkshire Hathaway Inc CL BCOM0.80%$5M12.8K
34FNVFranco-Nevada CorporationCOM0.76%$4M26.8K

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 ↗.