SEC 13F Intelligence

Managers / Q1 2023 · view latest →

Cove Street Capital, LLC

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

Reported Value
$335,356
Q1 2023
Positions
116
Filings on Record
29
2019–present window
Filed
May 5, 2023
original filing

Summary

Cove Street Capital, LLC reported $335,356 in U.S.-listed holdings across 116 positions for Q1 2023.

Its largest position, Viasat, represents 6.2% of the portfolio.

Compared with Q4 2022, the fund opened 11 new positions and exited 9.

Portfolio Metrics

Turnover
+7.9%
vs prior filed quarter
Top-10 Concentration
+31.2%
share of reported value
Largest Position
+6.2%
Viasat
New / Exited
11 / 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: 64.5%Other: 34.3%Tracking Stk: 1.0%REIT: 0.1%PUBLIC: 0.1%
  • Common Stock · 64.5% · $216,169
  • Other · 34.3% · $115,030
  • Tracking Stk · 1.0% · $3,504
  • REIT · 0.1% · $376
  • PUBLIC · 0.1% · $277

Quarter-over-Quarter Changes full breakdown →

vs Q4 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
GLDDGreat Lakes Dredge & DocNEW+701.2K701.2K+$3,807$3,807
VTSVitesse Energy IncNEW+136.7K136.7K+$2,601$2,601
Lifecore Series A ConvertibleNEW+3.0K3.0K+$1,783$1,783
SCHWThe Charles Schwab CorporationNEW+11.0K11.0K+$576$576
Outfront Media IncNEW+9.9K9.9K+$160$160
FRCBFirst Republic BankNEW+5.9K5.9K+$83$83
MASMasco CorporationNEW+278278+$14$14
GNRCGenerac Holdings IncNEW+123123+$13$13

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

Holdings — Q1 2023

30 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1Viasat IncCOM9.54%$32,002945.7K
2ECVTEcovyst Inchistory →COM6.74%$22,6032.05M
30J7QIAC InterActive Corporationhistory →COM5.34%$17,918347.2K
4White Mountains Insurance GroupCOM4.50%$15,07610.9K
5Compass Minerals InternationalCOM4.22%$14,154412.8K
6K6BKBR Inchistory →COM3.85%$12,927234.8K
7Six Flags Entertainment CorporationCOM3.50%$11,733439.3K
8CLMBClimb Global Solutions Inchistory →COM3.15%$10,579198.5K
9Heritage-Crystal Clean IncCOM3.09%$10,354290.8K
10ENOVEnovis Corporationhistory →COM2.97%$9,951186.0K
11SSPE.W. Scripps Companyhistory →COM2.76%$9,255983.6K
12LGF/BEURLions Gate Entertainment Corporationhistory →COM2.76%$9,251891.3K
13NEUNewMarket Corporationhistory →COM2.55%$8,55923.5K
14Viemed Healthcare IncCOM2.55%$8,555885.6K
15SNEXStoneX Group Inchistory →COM2.29%$7,68374.2K
16DCODucommun Inchistory →COM2.22%$7,433135.9K
17CVLTCommvault Systems Inchistory →COM2.08%$6,985123.1K
18SXIStandex International Corporationhistory →COM2.04%$6,82855.8K
19CNXCNX Resources Corporationhistory →COM2.03%$6,813425.3K
20DLH Holdings CorporationCOM1.76%$5,912515.4K
21WBDWarner Bros Discovery Inchistory →COM1.54%$5,167342.2K
22LDELifecore Biomedicalhistory →COM1.43%$4,8111.27M
23Axalta Coating Systems LtdCOM1.23%$4,128136.3K
24HNRGHallador Energy Companyhistory →COM1.15%$3,862420.2K
25BRK/BBerkshire Hathaway Inc CL Bhistory →COM1.07%$3,59711.7K
26Liberty SiriusXM Group - ACOM1.04%$3,504124.7K
27FNVFranco-Nevada Corporationhistory →COM1.03%$3,44123.6K
28RSSSResearch Solutions IncCOM0.89%$2,9801.48M
29FMCFMC CorporationCOM0.83%$2,78222.8K
3007SSecureWorks CorporationCOM0.81%$2,719317.3K

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 ↗.