SEC 13F Intelligence

Managers / Q4 2023 · view latest →

Cove Street Capital, LLC

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

Reported Value
$327M
Q4 2023
Positions
103
Filings on Record
29
2019–present window
Filed
Feb 14, 2024
amendment (RESTATEMENT)

Summary

Cove Street Capital, LLC reported $327M in U.S.-listed holdings across 103 positions for Q4 2023.

Its largest position, 0J7Q, represents 3.8% of the portfolio.

Compared with Q3 2023, the fund opened 4 new positions and exited 15.

Portfolio Metrics

Turnover
+9.8%
vs prior filed quarter
Top-10 Concentration
+30.4%
share of reported value
Largest Position
+3.8%
Iac
New / Exited
4 / 15
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: 89.6%Other: 9.7%Tracking Stk: 0.5%REIT: 0.1%PUBLIC: 0.0%Other: 0.0%
  • Common Stock · 89.6% · $293M
  • Other · 9.7% · $32M
  • Tracking Stk · 0.5% · $2M
  • REIT · 0.1% · $232,291
  • PUBLIC · 0.0% · $137,496
  • Other · 0.0% · $111,397

Quarter-over-Quarter Changes full breakdown →

vs Q3 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
TFPMTRIPLE FLAG PRECIOUS METALNEW+469.0K469.0K+$6M$6M
AVDAMERICAN VANGUARD CORPNEW+266.6K266.6K+$3M$3M
ISHARES TRNEW+2.2K2.2K+$111,397$111,397
CIZNCITIZENS HLDG CO MISSNEW+1.6K1.6K+$12,292$12,292
VTSVITESSE ENERGY INCADDED+259.2K278.3K+$6M$6M
TGTREDEGAR CORPADDED+9.2K11.0K+$50,151$59,532
OUTFRONT MEDIA INCADDED+601.1K841.3K+$10M$12M
Lifcore Series A Convertible PreferredSOLD OUT−3.2K0−$3M$0

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

Holdings — Q4 2023

34 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
10J7QIAC INChistory →COM7.45%$24M465.0K
2SSPSCRIPPS E W CO OHIOhistory →COM6.75%$22M2.76M
3ECVTECOVYST INChistory →COM5.70%$19M1.91M
4VSATVIASAT INChistory →COM5.57%$18M651.5K
5WHITE MTNS INS GROUP LTDCOM4.91%$16M10.7K
6DLHCDLH HLDGS CORPhistory →COM3.60%$12M748.0K
7OUTFRONT MEDIA INCCOM3.59%$12M841.3K
8CLMBCLIMB GLOBAL SOLUTIONS INChistory →COM3.21%$10M191.2K
9SIXEURSIX FLAGS ENTMT CORP NEWhistory →COM2.99%$10M390.3K
10K6BKBR INChistory →COM2.98%$10M176.1K
11RSSSRESEARCH SOLUTIONS INChistory →COM2.79%$9M3.51M
12ENOVENOVIS CORPORATIONhistory →COM2.78%$9M162.5K
13VMDVIEMED HEALTHCARE INChistory →COM2.21%$7M920.8K
14SNEXSTONEX GROUP INChistory →COM2.21%$7M97.8K
15LIBERTY TRIPADVISOR HLDGS INCCOM2.17%$7M8.36M
16VTSVITESSE ENERGY INChistory →COM1.86%$6M278.3K
17WBDWARNER BROS DISCOVERY INChistory →COM1.62%$5M465.6K
18TIPTTIPTREE INChistory →COM1.62%$5M279.0K
19MPAAMOTORCAR PTS AMER INChistory →COM1.50%$5M524.1K
20AMSWAUSDAMER SOFTWARE INChistory →COM1.34%$4M388.9K
21DCODUCOMMUN INC DELhistory →COM1.33%$4M83.3K
22CNXCNX RES CORPhistory →COM1.27%$4M207.3K
23NEUNEWMARKET CORPhistory →COM1.23%$4M7.4K
24AXALTA COATING SYS LTDCOM1.23%$4M118.4K
25BRK/BBERKSHIRE HATHAWAY INC DELhistory →COM1.21%$4M11.1K
26TFPMTRIPLE FLAG PRECIOUS METALhistory →COM1.20%$4M293.7K
27GLDDGREAT LAKES DREDGE & DOCK COhistory →COM1.17%$4M499.7K
28CMPCOMPASS MINERALS INTL INChistory →COM1.16%$4M149.8K
2907SSECUREWORKS CORPhistory →COM1.05%$3M464.2K
30LDELIFECORE BIOMEDICAL INChistory →COM1.01%$3M535.0K
31SXISTANDEX INTL CORPCOM0.93%$3M19.3K
32INFUINFUSYSTEM HLDGS INCCOM0.93%$3M289.0K
33GBLIGLOBAL INDEMNITY GROUP LLCCOM0.91%$3M92.6K
34LGF/BEURLIONS GATE ENTMNT CORPCOM0.89%$3M287.1K

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 ↗.