SEC 13F Intelligence

Managers / Q3 2023 · view latest →

Cove Street Capital, LLC

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

Reported Value
$296M
Q3 2023
Positions
113
Filings on Record
29
2019–present window
Filed
Nov 9, 2023
original filing

Summary

Cove Street Capital, LLC reported $296M in U.S.-listed holdings across 113 positions for Q3 2023.

Its largest position, PPLI, represents 8.1% of the portfolio.

Compared with Q2 2023, the fund opened 6 new positions and exited 5.

Portfolio Metrics

Turnover
+14.2%
vs prior filed quarter
Top-10 Concentration
+46.4%
share of reported value
Largest Position
+8.1%
Iac
New / Exited
6 / 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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. 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: 91.1%Other: 7.1%Tracking Stk: 1.4%PUBLIC: 0.3%REIT: 0.1%
  • Common Stock · 91.1% · $269M
  • Other · 7.1% · $21M
  • Tracking Stk · 1.4% · $4M
  • PUBLIC · 0.3% · $897,607
  • REIT · 0.1% · $240,831

Quarter-over-Quarter Changes full breakdown →

vs Q2 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
AMER SOFTWARE INCNEW+384.8K384.8K+$4M$4M
Lifcore Series A Convertible PreferredNEW+3.2K3.2K+$3M$3M
LIBERTY MEDIA CORP DELNEW+103.4K103.4K+$3M$3M
LIBERTY MEDIA CORP DELNEW+50.3K50.3K+$2M$2M
ANGI INCNEW+9.9K9.9K+$17,339$17,339
TGTREDEGAR CORPNEW+1.8K1.8K+$9,381$9,381
OUTFRONT MEDIA INCADDED+224.7K240.2K+$2M$2M
MPAAMOTORCAR PARTS OF AMERICA ORDADDED+555.9K700.4K+$4M$5M

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

Holdings — Q3 2023

79 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1PPLIIAC INChistory →COM8.06%$24M492.1K
2ECVTECOVYST INChistory →COM6.52%$19M1.97M
3WHITE MTNS INS GROUP LTDCOM5.26%$16M10.4K
4SSPSCRIPPS E W CO OHIOhistory →COM5.00%$15M2.93M
5KBRKBR INChistory →COM4.34%$13M210.9K
6DLHCDLH HLDGS CORPhistory →COM3.84%$11M803.5K
7FUNSIX FLAGS ENTMT CORP NEWhistory →COM3.66%$11M478.1K
8VSATVIASAT INChistory →COM3.45%$10M639.0K
9CMPCOMPASS MINERALS INTL INChistory →COM3.28%$10M356.8K
10CNXCNX RES CORPhistory →COM3.00%$9M391.1K
11CLMBCLIMB GLOBAL SOLUTIONS INChistory →COM2.98%$9M199.1K
12ENOVENOVIS CORPORATIONhistory →COM2.95%$9M176.4K
13RSSSRESEARCH SOLUTIONS INChistory →COM2.76%$8M3.56M
14NEUNEWMARKET CORPhistory →COM2.68%$8M17.4K
15LFCRLIFECORE BIOMEDICAL INChistory →COM2.53%$7M1.11M
16VMDVIEMED HEALTHCARE INChistory →COM2.23%$7M944.2K
17SNEXSTONEX GROUP INChistory →COM2.22%$7M68.5K
18GLDDGREAT LAKES DREDGE & DOCK COhistory →COM2.03%$6M757.9K
19TIPTTIPTREE INChistory →COM1.95%$6M354.4K
20DCODUCOMMUN INC DELhistory →COM1.94%$6M127.2K
21MPAAMOTORCAR PARTS OF AMERICA ORDhistory →COM1.80%$5M700.4K
22WBDWARNER BROS DISCOVERY INChistory →COM1.76%$5M493.2K
23LIONS GATE ENTMNT CORPCOM1.59%$5M629.6K
24SXISTANDEX INTL CORPhistory →COM1.56%$5M30.2K
25INFUINFUSYSTEM HLDGS INChistory →COM1.52%$4M458.6K
26LIBERTY MEDIA CORP DELCOM1.43%$4M153.7K
27AMER SOFTWARE INCCOM1.42%$4M384.8K
28HNRGHALLADOR ENERGY COMPANYhistory →COM1.41%$4M281.7K
29BRK/BBERKSHIRE HATHAWAY INC DELhistory →COM1.36%$4M11.7K
30SECUREWORKS CORPCOM1.35%$4M667.6K
31GBLIGLOBAL INDEMNITY GROUP LLChistory →COM1.27%$4M102.5K
32Lifcore Series A Convertible PreferredPFD1.16%$3M3.2K
33AXTAAXALTA COATING SYS LTDhistory →COM1.09%$3M119.2K
34FNVFRANCO NEV CORPCOM0.94%$3M20.5K
35LIBERTY TRIPADVISOR HLDGS INCOM0.85%$3M5.49M
36OUTFRONT MEDIA INCCOM0.70%$2M240.2K
37FMCFMC CORPCOM0.68%$2M31.6K
38GEGGREAT ELM GROUP INCCOM0.65%$2M1.01M
39CLHCLEAN HARBORS INCCOM0.62%$2M11.2K
40CJREFCORUS ENTERTAINMT ORDCOM0.62%$2M2.72M
41SCHWSCHWAB CHARLES CORPCOM0.58%$2M32.9K
42WFCWELLS FARGO CO NEWPFD0.56%$2M35.7K
43RRXREGAL REXNORD CORPORATIONCOM0.47%$1M10.5K
44HWMHOWMET AEROSPACE INCCOM0.46%$1M29.4K
45BNYBANK NEW YORK MELLON CORPCOM0.39%$1M27.4K
46DVNDEVON ENERGY CORP NEWCOM0.36%$1M23.3K
47SKAASKECHERS U S A INCCOM0.34%$996,56020.8K
48LFUSLITTELFUSE INCCOM0.28%$835,1453.5K
49TRMBTRIMBLE INCCOM0.28%$826,16615.9K
50IEHCIEH ORDCOM0.27%$796,39299.5K
51TPRTAPESTRY INCCOM0.26%$765,66927.2K
52ESIELEMENT SOLUTIONS INCCOM0.25%$747,98138.8K
53VTSVITESSE ENERGY INCCOM0.15%$442,25219.1K
54GOLDMAN SACHS GROUP INCPFD0.09%$277,03413.2K
55CTOCTO RLTY GROWTH INC NEWCOM0.08%$240,83114.8K
56AGNC INVESTMENT CORPPFD0.08%$229,2299.1K
57CITIGROUP INCPFD0.08%$225,3488.9K
58DISHDISH NETWORK CORPORATIONCOM0.07%$208,38440.7K
59SGUSTAR GROUP L PCOM0.07%$202,23317.0K
60KMIKINDER MORGAN INC DELCOM0.07%$201,12012.0K
61CVXCHEVRON CORP NEWCOM0.06%$166,7201.0K
62ARCH CAPITAL GROUP LTDPFD0.05%$150,0007.5K
63ABBVABBVIE INCCOM0.05%$149,1101.0K
64TIGOMILLICOM INTL CELLULAR S ACOM0.04%$132,4538.6K
65GECCGREAT ELM CAP CORPCOM0.04%$117,24212.2K
66PMPHILIP MORRIS INTL INCCOM0.03%$101,5411.1K
67ABTABBOTT LABSCOM0.03%$96,7601.0K
68BUKSBUTLER NATL ORDCOM0.02%$63,73887.9K
69OVERSEAS SHIPHOLDING GROUP ICOM0.01%$40,0368.8K
70ISSCINNOVATIVE SOLUTIONS & SUPPOCOM0.01%$19,6212.5K
71ANGI INCCOM0.01%$17,3399.9K
72QURATE RETAIL INCCOM0.01%$15,996600
73HAMILTON THORNE ORDCOM0.01%$15,01818.0K
74NTICNORTHERN TECHNOLOGIES INTL CCOM0.00%$11,659918
75EMLEASTERN COCOM0.00%$9,634544
76TGTREDEGAR CORPCOM0.00%$9,3811.8K
77ACCSISSUER DIRECT CORPCOM0.00%$8,963509
78MCEMMONARCH CEMENT ORDCOM0.00%$4,76432
79MCDERMOTT INTERNATIONAL ORDCOM0.00%$1,2606.3K

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 ↗.