SEC 13F Intelligence

Managers / Q2 2022 · view latest →

Cove Street Capital, LLC

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

Reported Value
$397M
Q2 2022
Positions
118
Filings on Record
29
2019–present window
Filed
Aug 12, 2022
original filing

Summary

Cove Street Capital, LLC reported $397M in U.S.-listed holdings across 118 positions for Q2 2022.

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

Compared with Q1 2022, the fund opened 3 new positions and exited 7.

Portfolio Metrics

Turnover
+4.5%
vs prior filed quarter
Top-10 Concentration
+30.6%
share of reported value
Largest Position
+4.8%
Ecovyst
New / Exited
3 / 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
Common Stock: 66.0%Other: 32.5%Tracking Stk: 1.4%REIT: 0.1%PUBLIC: 0.1%
  • Common Stock · 66.0% · $262M
  • Other · 32.5% · $129M
  • Tracking Stk · 1.4% · $5M
  • REIT · 0.1% · $362,000
  • PUBLIC · 0.1% · $319,000

Quarter-over-Quarter Changes full breakdown →

vs Q1 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ENOVEnovis CorporationNEW+187.9K187.9K+$10M$10M
INFUInfuSystems Holdings IncNEW+407.5K407.5K+$4M$4M
PAHUSDElement Solutions IncNEW+58.0K58.0K+$1M$1M
HNRGHallador Energy CompanyADDED+873.3K881.1K+$5M$5M
HTL1EURHamilton Thorne LtdADDED+48.1K51.8K+$53,000$58,000
MCEMThe Monarch Cement CompanyADDED+132143+$14,000$15,000
QIPTQuipt Home Medical CorporationADDED+6.0K6.6K+$28,000$30,000
NTICNorthern Technologies InternationalADDED+2.5K2.8K+$23,000$26,000

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

Holdings — Q2 2022

34 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ECVTEcovyst Inchistory →COM7.14%$28M2.87M
2Viasat IncCOM5.26%$21M680.7K
3White Mountains Insurance GroupCOM5.12%$20M16.3K
4LDELandec Corporationhistory →COM4.83%$19M1.92M
5Compass Minerals InternationalCOM4.78%$19M535.7K
6LGF/BEURLions Gate Entertainment Corporationhistory →COM4.14%$16M1.86M
7K6BKBR Inchistory →COM3.62%$14M296.3K
8SNEXStoneX Group Inchistory →COM3.29%$13M167.2K
9Millicom International CellularCOM3.11%$12M857.3K
10Heritage-Crystal Clean IncCOM2.90%$12M427.0K
11SSPE.W. Scripps Companyhistory →COM2.87%$11M912.3K
12NEUNewMarket Corporationhistory →COM2.57%$10M33.9K
13CLMBWayside Technology Group Inchistory →COM2.45%$10M292.2K
14LUMNLumen Technologies Inchistory →COM2.25%$9M817.3K
15Viemed Healthcare IncCOM2.00%$8M1.47M
16UFPTUFP Technologies Inchistory →COM1.91%$8M95.2K
17ENOVEnovis Corporationhistory →COM1.86%$7M134.4K
18DCODucommun Inchistory →COM1.74%$7M160.6K
19CVLTCommvault Systems Inchistory →COM1.51%$6M95.5K
20SKAASkechers U.S.A. Inc CL Ahistory →COM1.50%$6M167.5K
21Six Flags Entertainment CorporationCOM1.44%$6M263.4K
22Liberty SiriusXM Group - ACOM1.38%$5M151.8K
23AZZAZZ Inchistory →COM1.25%$5M121.1K
24FMCFMC Corporationhistory →COM1.23%$5M45.5K
2507SSecureWorks Corporationhistory →COM1.17%$5M426.6K
26Axalta Coating Systems LtdCOM1.02%$4M182.4K
27DLH Holdings CorporationCOM0.96%$4M250.2K
28BRK/BBerkshire Hathaway Inc CL BCOM0.88%$3M12.8K
29HNRGHallador Energy CompanyCOM0.88%$3M643.2K
30SXIStandex International CorporationCOM0.88%$3M41.0K
31Liberty Media Acquisition CorpCOM0.86%$3M348.1K
32FNVFranco-Nevada CorporationCOM0.86%$3M25.8K
33CNXCNX Resources CorporationCOM0.81%$3M194.2K
34Global Indemnity Group LLCCOM0.81%$3M123.5K

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 ↗.