Cove Street Capital 13F annual report
Cove Street Capital is an investment fund managing more than $316 billion ran by Merihan Tynan. There are currently 70 companies in Tynan’s portfolio. The largest investments include IAC Inc and Ecovyst Inc, together worth $43.3 billion.
$316 billion Assets Under Management (AUM)
As of 30th April 2024, Cove Street Capital’s top holding is 427,289 shares of IAC Inc currently worth over $22.8 billion and making up 7.2% of the portfolio value.
Relative to the number of outstanding shares of IAC Inc, Cove Street Capital owns more than approximately 0.1% of the company.
In addition, the fund holds 1,839,956 shares of Ecovyst Inc worth $20.5 billion.
The third-largest holding is White Mtns Ins Group Ltd worth $18 billion and the next is Scripps E W Co Ohio worth $14.6 billion, with 3,703,082 shares owned.
Currently, Cove Street Capital's portfolio is worth at least $316 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Cove Street Capital
The Cove Street Capital office and employees reside in El Segundo, California. According to the last 13-F report filed with the SEC, Merihan Tynan serves as the Chief Compliance Officer at Cove Street Capital.
Recent trades
In the most recent 13F filing, Cove Street Capital revealed that it had opened a new position in
Computer Programs & Sys Inc and bought 733,369 shares worth $6.76 billion.
The investment fund also strengthened its position in Scripps E W Co Ohio by buying
944,328 additional shares.
This makes their stake in Scripps E W Co Ohio total 3,703,082 shares worth $14.6 billion.
On the other hand, there are companies that Cove Street Capital is getting rid of from its portfolio.
Cove Street Capital closed its position in Liberty TripAdvisor on 7th May 2024.
It sold the previously owned 8,356,310 shares for $7.1 billion.
Merihan Tynan also disclosed a decreased stake in IAC Inc by approximately 0.1%.
This leaves the value of the investment at $22.8 billion and 427,289 shares.
One of the smaller hedge funds
The two most similar investment funds to Cove Street Capital are Puzo Michael J and Poehling Capital Management, Inc. They manage $316 billion and $316 billion respectively.
Merihan Tynan investment strategy
Cove Street Capital’s portfolio is diversified across 12 sectors.
Currently, their heaviest sector is Technology — making up 20.2% of
the total portfolio value.
The fund focuses on investments in the United States as
52.9% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
17% of the total holdings value.
On the other hand, small-cap stocks make up only 2.9% of the portfolio.
The average market cap of the portfolio companies is close to $45.8 billion.
The complete list of Cove Street Capital trades based on 13F SEC filings
These positions were updated on May 7th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| IAC Inc |
8.11%
427,289
|
$22,791,595,000 | 7.21% |
| Ecovyst Inc |
3.61%
1,839,956
|
$20,515,509,000 | 6.49% |
| White Mtns Ins Group Ltd |
5.67%
10,057
|
$18,045,275,000 | 5.71% |
| Scripps E W Co Ohio |
34.23%
3,703,082
|
$14,553,112,000 | 4.60% |
| Viasat, Inc. |
17.69%
766,753
|
$13,870,561,000 | 4.39% |
| Outfront Media Inc |
2.99%
816,100
|
$13,702,319,000 | 4.34% |
| Climb Global Solutions Inc |
18.70%
155,424
|
$11,016,453,000 | 3.49% |
| Research Solutions, Inc. |
2.23%
3,433,882
|
$10,851,067,000 | 3.43% |
| KBR Inc |
7.55%
162,823
|
$10,365,312,000 | 3.28% |
| Six Flags Entmt Corp New |
0.64%
387,811
|
$10,207,186,000 | 3.23% |
| Enovis Corporation |
2.15%
158,989
|
$9,928,863,000 | 3.14% |
| American Vanguard Corp. |
166.06%
709,287
|
$9,185,266,000 | 2.91% |
| Viemed Healthcare Inc |
2.94%
893,797
|
$8,428,506,000 | 2.67% |
| Vitesse Energy Inc |
26.27%
351,365
|
$8,337,891,000 | 2.64% |
| Triple Flag Precious Metal |
15.40%
541,255
|
$7,821,135,000 | 2.47% |
| Cnx Res Corp |
2.39%
322,747
|
$7,655,559,000 | 2.42% |
| Tiptree Inc |
7.11%
423,767
|
$7,322,693,000 | 2.32% |
| Liberty TripAdvisor Holdings, Inc. |
Closed
8,356,310
|
$7,102,864,000 | |
| NewMarket Corp. |
6.62%
10,847
|
$6,883,724,000 | 2.18% |
| Lifecore Biomedical Inc |
41.03%
1,283,780
|
$6,816,872,000 | 2.16% |
| Computer Programs & Sys Inc |
Opened
733,369
|
$6,761,662,000 | 2.14% |
| Ducommun Inc. |
Closed
123,255
|
$6,416,656,000 | |
| Stonex Group Inc |
8.07%
89,945
|
$6,319,536,000 | 2.00% |
| Amer Software Inc |
5.12%
541,707
|
$6,202,545,000 | 1.96% |
| Park Aerospace Corp |
Opened
357,250
|
$5,941,068,000 | 1.88% |
| Motorcar Pts Amer Inc |
4.99%
720,753
|
$5,794,854,000 | 1.83% |
| Red Violet Inc |
Opened
275,000
|
$5,376,250,000 | 1.70% |
| Dlh Hldgs Corp |
49.76%
375,776
|
$4,986,548,000 | 1.58% |
| Compass Minerals International Inc |
35.33%
310,188
|
$4,882,359,000 | 1.54% |
| SecureWorks Corp |
1.42%
638,626
|
$4,291,567,000 | 1.36% |
| Warner Bros.Discovery Inc |
2.75%
452,800
|
$3,955,208,000 | 1.25% |
| Standex Intl Corp |
27.61%
20,267
|
$3,693,053,000 | 1.17% |
| InfuSystem Holdings Inc |
4.18%
392,325
|
$3,362,225,000 | 1.06% |
| Lions Gate Entmnt Corp |
19.73%
310,985
|
$2,895,270,000 | 0.92% |
| Devon Energy Corp. |
103.10%
55,516
|
$2,785,793,000 | 0.88% |
| Axalta Coating Sys Ltd |
34.56%
77,502
|
$2,665,294,000 | 0.84% |
| Franco Nev Corp |
5.37%
19,400
|
$2,311,704,000 | 0.73% |
| FMC Corp. |
16.10%
35,478
|
$2,259,949,000 | 0.72% |
| Schwab Charles Corp |
8.23%
30,100
|
$2,177,434,000 | 0.69% |
| Global Indemnity Group, LLC |
26.20%
68,319
|
$2,085,779,000 | 0.66% |
| Great Elm Group Inc |
0.85%
1,012,946
|
$1,944,856,000 | 0.62% |
| Archer Daniels Midland Co. |
Opened
28,800
|
$1,808,928,000 | 0.57% |
| Trimble Inc |
4.20%
26,000
|
$1,673,360,000 | 0.53% |
| Bank New York Mellon Corp |
No change
27,400
|
$1,578,788,000 | 0.50% |
| Wells Fargo Co New |
19.93%
27,315
|
$1,715,547,000 | 0.54% |
| Hallador Energy Co |
5.13%
289,259
|
$1,541,750,000 | 0.49% |
| Regal Rexnord Corporation |
19.43%
8,441
|
$1,520,224,000 | 0.48% |
| Berkshire Hathaway Inc. |
67.66%
3,590
|
$1,509,667,000 | 0.48% |
| Skechers U S A, Inc. |
Closed
20,717
|
$1,291,498,000 | |
| Howmet Aerospace Inc. |
51.67%
14,170
|
$969,653,000 | 0.31% |
| Clean Harbors, Inc. |
7.47%
4,618
|
$929,650,000 | 0.29% |
| Element Solutions Inc |
Closed
38,696
|
$895,425,000 | |
| Littelfuse, Inc. |
7.94%
3,202
|
$776,005,000 | 0.25% |
| Kinder Morgan Inc |
285.15%
38,900
|
$713,426,000 | 0.23% |
| Simplify Exchange Traded Fun |
Opened
7,700
|
$392,007,000 | 0.12% |
| Spdr Ser Tr |
Opened
14,100
|
$356,660,000 | 0.11% |
| Cto Rlty Growth Inc New |
No change
13,404
|
$227,198,000 | 0.07% |
| Abbvie Inc |
No change
1,000
|
$182,100,000 | 0.06% |
| Star Group L.P. |
6.01%
16,000
|
$160,320,000 | 0.05% |
| Chevron Corp. |
No change
1,000
|
$157,740,000 | 0.05% |
| Tapestry Inc |
88.95%
3,000
|
$142,440,000 | 0.05% |
| Abbott Labs |
No change
1,000
|
$113,660,000 | 0.04% |
| Ishares Tr |
Opened
3,500
|
$112,805,000 | 0.04% |
| Ishares Tr |
No change
2,200
|
$112,343,000 | 0.04% |
| Philip Morris International Inc |
No change
1,100
|
$100,782,000 | 0.03% |
| Janus Detroit Str Tr |
Opened
1,900
|
$96,406,000 | 0.03% |
| Great Elm Cap Corp |
50.00%
6,100
|
$67,466,000 | 0.02% |
| Tredegar Corp. |
54.56%
5,000
|
$32,600,000 | 0.01% |
| Angi Inc |
25.59%
7,373
|
$19,317,000 | 0.01% |
| Innovative Solutions & Suppo |
No change
2,535
|
$18,556,000 | 0.01% |
| Eastern Co. |
No change
544
|
$18,545,000 | 0.01% |
| Citizens Hldg Co Miss |
Closed
1,586
|
$12,292,000 | |
| Northern Technologies Intl |
Closed
918
|
$10,814,000 | |
| Issuer Direct Corp |
Closed
509
|
$9,228,000 | |
| Liberty Media Corp. |
100.00%
2
|
$85,000 | 0.00% |
| Millicom Intl Cellular S A |
No change
2
|
$40,000 | 0.00% |
| Great Lakes Dredge & Dock Corporation |
100.00%
3
|
$26,000 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 77 holdings | |||
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