SEC 13F Intelligence

Managers / Q3 2025

Cove Street Capital, LLC

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

Reported Value
$77M
Q3 2025
Positions
96
Filings on Record
29
2019–present window
Filed
Nov 13, 2025
original filing

Summary

Cove Street Capital, LLC reported $77M in U.S.-listed holdings across 96 positions for Q3 2025.

Its largest position, AVD, represents 10.5% of the portfolio.

Compared with Q2 2025, the fund opened 7 new positions and exited 8.

Portfolio Metrics

Turnover
+16.6%
vs prior filed quarter
Top-10 Concentration
+47.1%
share of reported value
Largest Position
+10.5%
American Vanguard
New / Exited
7 / 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, 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: 86.0%Other: 4.9%ETP: 4.6%REIT: 2.9%ADR: 0.8%Other: 0.8%
  • Common Stock · 86.0% · $66M
  • Other · 4.9% · $4M
  • ETP · 4.6% · $4M
  • REIT · 2.9% · $2M
  • ADR · 0.8% · $648,691
  • Other · 0.8% · $629,552

Quarter-over-Quarter Changes full breakdown →

vs Q2 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CABLE ONE INCNEW+500.0K500.0K+$430,847$430,847
SIMPLIFY EXCHANGE TRADED FUNNEW+16.6K16.6K+$379,779$379,779
SRGSERITAGE GROWTH PPTYSNEW+5.1K5.1K+$21,688$21,688
OSGAMBAC FINL GROUP INCNEW+1.9K1.9K+$15,521$15,521
UFIUNIFI INCNEW+1.4K1.4K+$6,693$6,693
SJTSAN JUAN BASIN RTY TRNEW+1.0K1.0K+$6,052$6,052
GEGGREAT ELM GROUP INCNEW+11+$2$2
CLARIVATE PLCADDED+441.6K452.5K+$2M$2M

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

Holdings — Q3 2025

91 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AVDAMERICAN VANGUARD CORPhistory →COM10.49%$8M1.40M
2RSSSRESEARCH SOLUTIONS INChistory →COM6.51%$5M1.34M
3FUNSIX FLAGS ENTERTAINMENT CORPhistory →COM6.07%$5M204.4K
4VSATVIASAT INChistory →COM4.55%$3M118.9K
5ECVTECOVYST INChistory →COM3.59%$3M313.7K
6SNEXSTONEX GROUP INChistory →COM3.44%$3M26.1K
7CCOCLEAR CHANNEL OUTDOOR HLDGShistory →COM3.39%$3M1.64M
8CLMBCLIMB GLOBAL SOLUTIONS INChistory →COM3.32%$3M18.9K
9AWNADVANCE AUTO PARTS INChistory →COM2.97%$2M37.0K
10NEUNEWMARKET CORPhistory →COM2.79%$2M2.6K
11OUTOUTFRONT MEDIA INChistory →COM NEW2.70%$2M112.9K
12WEXWEX INChistory →COM2.64%$2M12.9K
13IIIVI3 VERTICALS INChistory →COM CL A2.55%$2M60.2K
140J7QIAC INChistory →COM NEW2.50%$2M56.3K
15WHITE MTNS INS GROUP LTDCOM2.36%$2M1.1K
16CLARIVATE PLCORD SHS2.26%$2M452.5K
17KMIKINDER MORGAN INC DELhistory →COM2.08%$2M56.1K
18VMDVIEMED HEALTHCARE INChistory →COM1.95%$1M219.8K
19SCHWSCHWAB CHARLES CORPhistory →COM1.92%$1M15.4K
20TFPMTRIPLE FLAG PRECIOUS METALhistory →COM1.90%$1M49.7K
21BNYBANK NEW YORK MELLON CORPhistory →COM1.88%$1M13.2K
22CMPCOMPASS MINERALS INTL INChistory →COM1.79%$1M71.4K
23ENOVENOVIS CORPORATIONhistory →COM1.76%$1M44.4K
24WBDWARNER BROS DISCOVERY INChistory →COM SER A1.74%$1M68.0K
25WFCWELLS FARGO CO NEWCOM · PERP PFD CNV A1.72%$1M14.1K
26AVNSAVANOS MED INChistory →COM1.69%$1M112.1K
27SIMPLIFY EXCHANGE TRADED FUNMBS ETF · HIGH YIELD ETF · BOND BULL ETF1.61%$1M33.9K
28BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.50%$1M2.3K
29ANIKANIKA THERAPEUTICS INChistory →COM1.25%$958,386102.0K
30SSPSCRIPPS E W CO OHIOhistory →CL A NEW1.15%$876,835356.4K
31ISHARES TRINTL SEL DIV ETF · FLTG RATE NT ETF · PFD AND INCM SEC1.13%$865,44721.9K
32IZEAIZEA WORLDWIDE INCCOM NEW0.88%$676,519181.9K
33BMTABRITISH AMERN TOB PLCSPONSORED ADR0.85%$648,69112.2K
34PIMCO ETF TRMUNI INCOME OPP0.81%$619,16113.7K
35GBLIGLOBAL INDEMNITY GROUP LLCCOM CL A0.71%$544,56918.7K
36CABLE ONE INCNOTE 1.125% 3/10.56%$430,847500.0K
37NRCIAEURNATIONAL RESH CORPCOM NEW0.54%$417,06332.6K
38AVGOBROADCOM INCCOM0.52%$395,8921.2K
39RDVTRED VIOLET INCCOM0.50%$383,2547.3K
40PKEPARK AEROSPACE CORPCOM0.49%$376,18818.5K
41GOOGLALPHABET INCCAP STK CL A0.48%$364,6501.5K
42SPDR SERIES TRUSTPORTFOLIO AGRGTE0.48%$364,55614.1K
43MSFTMICROSOFT CORPCOM0.41%$310,770600
44AAPLAPPLE INCCOM0.40%$305,5561.2K
45SGUSTAR GROUP L PUNIT LTD PARTNR0.40%$302,84825.6K
46VANGUARD SCOTTSDALE FDSINTER TERM TREAS0.39%$300,1505.0K
47AMZNAMAZON COM INCCOM0.30%$232,7441.1K
48VTSVITESSE ENERGY INCCOMMON STOCK0.27%$206,7478.9K
49CITCINTAS CORPCOM0.25%$192,944940
50ABBVABBVIE INCCOM0.24%$185,232800
51USBUS BANCORP DELCOM NEW0.24%$180,2713.7K
52MPCMARATHON PETE CORPCOM0.22%$164,793855
53CHVCHEVRON CORP NEWCOM0.16%$124,232800
54JANUS DETROIT STR TRHENDRSON AAA CL0.16%$121,8722.4K
55ISRGINTUITIVE SURGICAL INCCOM NEW0.16%$120,752270
56IDXXIDEXX LABS INCCOM0.15%$115,000180
57K6BKBR INCCOM0.14%$108,7672.3K
58ABTABBOTT LABSCOM0.14%$107,152800
59TERTERADYNE INCCOM0.13%$99,101720
60EATON CORP PLCSHS0.13%$97,305260
61WSOWATSCO INCCOM0.13%$97,032240
62VVISA INCCOM CL A0.12%$93,880275
63HDHOME DEPOT INCCOM0.12%$89,142220
64TMOTHERMO FISHER SCIENTIFIC INCCOM0.11%$84,879175
65ROPROPER TECHNOLOGIES INCCOM0.11%$82,286165
66PGRPROGRESSIVE CORPCOM0.10%$77,789315
67CHUBB LIMITEDCOM0.10%$73,385260
68CTOCTO RLTY GROWTH INC NEWCOM0.09%$68,5704.2K
69DHRDANAHER CORPORATIONCOM0.08%$62,452315
70LMTLOCKHEED MARTIN CORPCOM0.08%$62,401125
71GECCGREAT ELM CAP CORPCOM NEW0.08%$61,1226.1K
72PLDPROLOGIS INC.COM0.08%$57,833505
73CHDCHURCH & DWIGHT CO INCCOM0.07%$56,960650
74ZBRAZEBRA TECHNOLOGIES CORPORATICL A0.07%$53,489180
75EXMOCEXXON MOBIL CORPCOM0.07%$51,076453
76ARLPALLIANCE RESOURCE PARTNERS LUT LTD PART0.07%$50,5702.0K
774I1PHILIP MORRIS INTL INCCOM0.04%$32,440200
78SRGSERITAGE GROWTH PPTYSCL A0.03%$21,6885.1K
79OSGAMBAC FINL GROUP INCCOM NEW0.02%$15,5211.9K
80TGTREDEGAR CORPCOM0.02%$14,6871.8K
81BOCBOSTON OMAHA CORPCL A COM STK0.01%$11,249860
82ISSCINNOVATIVE SOLUTIONS & SUPPOCOM0.01%$10,829867
83CLARCLARUS CORP NEWCOM0.01%$10,5183.0K
84MGPIMGP INGREDIENTS INC NEWCOM0.01%$10,039415
85UFIUNIFI INCCOM NEW0.01%$6,6931.4K
86SIFSIFCO INDS INCCOM0.01%$6,499923
87SJTSAN JUAN BASIN RTY TRUNIT BEN INT0.01%$6,0521.0K
88UTMUTAH MED PRODS INCCOM0.01%$5,47887
89POCIPRECISION OPTICS CORP INC MACOM NEW0.01%$5,4551.3K
90GDENGOLDEN ENTMT INCCOM0.01%$4,669198
91GEGGREAT ELM GROUP INCCOM NEW0.00%$21

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 ↗.