COVENANT LOGISTICS GROUP INC CVLG
CL A · Common Stock · CUSIP 22284P105
American shipping company
- SectorIndustrials
- IndustryTrucking (No Local)
- HeadquartersChattanooga, TN
- Founded1986
- Websitectgcompanies.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($5.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $52.67. Options: 5 managers hold calls ($1.2m notional), 5 hold puts ($2.1m).
Trends to Q3 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 112 |
| Q4 2022 | 134 |
| Q1 2023 | 117 |
| Q2 2023 | 129 |
| Q3 2023 | 139 |
| Q4 2023 | 151 |
| Q1 2024 | 152 |
| Q2 2024 | 155 |
| Q3 2024 | 163 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 65 | 53 |
| Q1 2023 | 51 | 77 |
| Q2 2023 | 56 | 59 |
| Q3 2023 | 55 | 68 |
| Q4 2023 | 60 | 73 |
| Q1 2024 | 71 | 75 |
| Q2 2024 | 69 | 80 |
| Q3 2024 | 67 | 69 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2023 | $363.7k | $593.9k | 1.63 |
| Q1 2024 | $4.4m | $28.4m | 6.53 |
| Q2 2024 | $2.3m | $11.2m | 4.79 |
| Q3 2024 | $1.2m | $2.1m | 1.76 |
Biggest buyers
| FRANKLIN RESOURCES INC | Added | +64.8k |
| AMERICAN CENTURY COMPANIES INC | Added | +58.7k |
| FMR LLC | Added | +44.8k |
| Nuveen Asset Management, LLC | Added | +28.5k |
| Qube Research & Technologies Ltd | Added | +25.2k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +24.6k |
| VANGUARD GROUP INC | Added | +23.4k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | Added | +21.4k |
| Oliver Luxxe Assets LLC | Added | +18.2k |
| VICTORY CAPITAL MANAGEMENT INC | Added | +15.1k |
Biggest sellers
| LSV ASSET MANAGEMENT | Reduced | -119.5k |
| ACADIAN ASSET MANAGEMENT LLC | Reduced | -60.5k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -44.5k |
| AQR CAPITAL MANAGEMENT LLC | Reduced | -36.8k |
| CITADEL ADVISORS LLC | Reduced | -34.8k |
| SEI INVESTMENTS CO | Reduced | -28.5k |
| MORGAN STANLEY | Reduced | -18.0k |
| NORGES BANK | Reduced | -17.8k |
| Cubist Systematic Strategies, LLC | Reduced | -14.0k |
| Invesco Ltd. | Reduced | -13.9k |
Biggest calls
| Walleye Capital LLC | New | $523.1k9.9k shares |
| CITADEL ADVISORS LLC | Reduced | $438.6k8.3k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $211.4k4.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $36.0k700 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| D. E. Shaw & Co., Inc. | Added | $1.3m24.1k shares |
| CITADEL ADVISORS LLC | Reduced | $375.2k7.1k shares |
| Walleye Capital LLC | New | $269.5k5.1k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $206.1k3.9k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| PARKER DAVID R & JACQUELINE F 13D · may seek influence -1.1 pts · filed 2026-02-24 | 30.4% |
| BlackRock, Inc. 13G · institution filed 2025-04-23 | 5.8% |
| T. Rowe Price Investment Management, Inc. 13G · institution new · filed 2026-05-15 | 5.2% |
Insider purchases and sales in Q3 2024
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2022 | 0 | — | 2 | $2.0m | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 0 | — | 1 | $289.3k | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 6 | $10.7m | — |
| Q2 2024 | 0 | — | 1 | $173.7k | — |
| Q3 2024 | 0 | — | 1 | $1.2m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-07-29 | Schmidt Herbert J Director | Sold | $1.2m21.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q3 2024
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.00% of their portfolio | 1.2m $61.2m | First filing |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 772.1k $40.8m | Reduced -3.7k |
| SCOPUS ASSET MANAGEMENT, L.P. 0.81% of their portfolio | 519.4k $27.4m | Unchanged |
| VANGUARD GROUP INC 0.00% of their portfolio | 463.2k $24.5m | Added +23.4k |
| Patton Albertson Miller Group, LLC 2.07% of their portfolio | 288.1k $15.2m | Unchanged |
| STATE STREET CORP 0.00% of their portfolio | 208.5k $11.0m | Added +12.1k |
| LSV ASSET MANAGEMENT 0.02% of their portfolio | 197.8k $10.5m | Reduced -119.5k |
| Foundry Partners, LLC 0.51% of their portfolio | 196.3k $10.4m | Added +11.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 183.6k $9.7m | Reduced -4.1k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.20% of their portfolio | 175.3k $9.3m | Added +4.6k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 172.8k $9.1m | Added +58.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 109.6k $5.8m | Added +21.4k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.02% of their portfolio | 101.5k $5.4m | Reduced -473 |
| ACADIAN ASSET MANAGEMENT LLC 0.02% of their portfolio | 93.1k $4.9m | Reduced -60.5k |
| Empowered Funds, LLC 0.07% of their portfolio | 89.9k $4.7m | Added +4.6k |
| ROYCE & ASSOCIATES LP 0.04% of their portfolio | 84.5k $4.5m | Added +5.5k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 80.1k $4.2m | Reduced -246 |
| TWO SIGMA ADVISERS, LP 0.01% of their portfolio | 79.3k $4.2m | Added +13.8k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 72.0k $3.8m | Reduced -8.2k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 70.1k $3.7m | Added +64.8k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 69.6k $3.7m | Added +28.5k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 63.6k $3.4m | Added +11.3k |
| ESSEX INVESTMENT MANAGEMENT CO LLC 0.56% of their portfolio | 60.6k $3.2m | Added +159 |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 56.1k $3.0m | Reduced -12.1k |
| MORGAN STANLEY 0.00% of their portfolio | 54.1k $2.9m | Reduced -18.0k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 53.7k $2.8m | Added +1.4k |
| Hudson Bay Capital Management LP 0.02% of their portfolio | 49.3k $2.6m | Reduced -13.5k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 48.5k $2.6m | Added +8.9k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 47.9k $2.5m | Added +24.6k |
| Templeton & Phillips Capital Management, LLC 1.39% of their portfolio | 46.4k $1.8m | Unchanged |
| FMR LLC 0.00% of their portfolio | 46.2k $2.4m | Added +44.8k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 41.6k $2.2m | Added +8.1k |
| CREDIT AGRICOLE S A 0.01% of their portfolio | 41.4k $2.2m | Unchanged |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 37.9k $2.0m | Reduced -36.8k |
| BARCLAYS PLC 0.00% of their portfolio | 36.6k $1.9m | Added +10.6k |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 35.3k $1.9m | Added +15.1k |
| Oliver Luxxe Assets LLC 0.33% of their portfolio | 34.7k $1.8m | Added +18.2k |
| PACIFIC GLOBAL INVESTMENT MANAGEMENT CO 0.32% of their portfolio | 33.8k $1.8m | Reduced -361 |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 32.0k $1.7m | Reduced -11.0k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.01% of their portfolio | 30.4k $1.6m | Reduced -1.2k |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 30.1k $1.6m | Added +25.2k |
| Brandywine Global Investment Management, LLC 0.01% of their portfolio | 30.1k $1.6m | Reduced -808 |
| Vestcor Inc 0.05% of their portfolio | 30.0k $1.6m | Unchanged |
| NJ State Employees Deferred Compensation Plan 0.18% of their portfolio | 28.0k $1.5m | Unchanged |
| Allianz Asset Management GmbH 0.00% of their portfolio | 27.9k $1.5m | Reduced -2.7k |
| Boston Partners 0.00% of their portfolio | 21.3k $1.1m | Added +2.9k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 21.3k $1.1m | Reduced -140 |
| Legato Capital Management LLC 0.13% of their portfolio | 20.2k $1.1m | Unchanged |
| Northeast Financial Consultants Inc 0.05% of their portfolio | 20.0k $1.1m | Unchanged |
| BANTAMAC CAPITAL, LLC 0.50% of their portfolio | 19.7k $1.0m | Added +2.1k |
| Invesco Ltd. 0.00% of their portfolio | 19.6k $1.0m | Reduced -13.9k |
| LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio | 18.0k $949.0k | Added +14.1k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 17.5k $926.4k | Added +9.8k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 17.0k $898.0k | Added +8.2k |
| RITHOLTZ WEALTH MANAGEMENT 0.03% of their portfolio | 15.7k $830.6k | Reduced -361 |
| Swiss National Bank 0.00% of their portfolio | 15.7k $829.6k | Unchanged |
| EMC Capital Management 0.19% of their portfolio | 15.3k $291.0k | Added +12.1k |
| NORGES BANK 0.00% of their portfolio | 15.2k $803.2k | Reduced -17.8k |
| MARTINGALE ASSET MANAGEMENT L P 0.02% of their portfolio | 15.1k $798.5k | Unchanged |
| Millrace Asset Group, Inc. 0.81% of their portfolio | 15.0k $795.0k | Reduced -1.6k |
| Alberta Investment Management Corp 0.01% of their portfolio | 14.7k $776.7k | Reduced -10.1k |
| Petrus Trust Company, LTA 0.07% of their portfolio | 14.2k $752.8k | Unchanged |
| Trexquant Investment LP 0.01% of their portfolio | 14.1k $745.2k | New |
| WEDBUSH SECURITIES INC 0.03% of their portfolio | 13.9k $733.0k | Reduced -17 |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 13.3k $704.5k | Reduced -283 |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 12.4k $655.0k | Reduced -2 |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 12.3k $648.8k | Reduced -1.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 11.4k $601.0k | Reduced -448 |
| SHAKER INVESTMENTS LLC/OH 0.23% of their portfolio | 10.2k $540.7k | New |
| Koss-Olinger Consulting, LLC 0.05% of their portfolio | 10.1k $536.0k | Added +43 |
| STRS OHIO 0.00% of their portfolio | 10.0k $528.4k | New |
| MACQUARIE GROUP LTD 0.00% of their portfolio | 9.9k $523.0k | Reduced -8.7k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 9.5k $502.0k | Reduced -34.8k |
| Connor, Clark & Lunn Investment Management Ltd. 0.00% of their portfolio | 9.0k $476.7k | New |
| Summit Global Investments 0.03% of their portfolio | 9.0k $473.0k | Unchanged |
| STEPHENS INC /AR/ 0.01% of their portfolio | 8.9k $467.9k | New |
| MML INVESTORS SERVICES, LLC 0.00% of their portfolio | 8.8k $466.0k | Reduced -756 |
| Campbell & CO Investment Adviser LLC 0.03% of their portfolio | 7.9k $418.7k | Reduced -9.6k |
| Inspire Investing, LLC 0.04% of their portfolio | 7.7k $409.4k | New |
| DGS Capital Management, LLC 0.11% of their portfolio | 7.7k $406.8k | Reduced -1.2k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 7.6k $403.4k | Reduced -216 |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 7.5k $398.9k | Reduced -600 |
| Legal & General Group Plc 0.00% of their portfolio | 7.2k $382.8k | Added +679 |
| Squarepoint Ops LLC 0.00% of their portfolio | 7.1k $375.5k | Reduced -5.2k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 7.1k $374.0k | Added +15 |
| AlphaQuest LLC 0.03% of their portfolio | 7.0k $371.4k | Added +5.0k |
| SHERBROOKE PARK ADVISERS LLC 0.09% of their portfolio | 7.0k $370.7k | New |
| Engineers Gate Manager LP 0.01% of their portfolio | 7.0k $367.9k | Added +594 |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 6.9k $363.9k | New |
| CITIGROUP INC 0.00% of their portfolio | 6.7k $354.0k | Added +4.5k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 6.7k $354.0k | Added +240 |
| UBS Group AG 0.00% of their portfolio | 6.6k $348.6k | Reduced -1.8k |
| TWO SIGMA SECURITIES, LLC 0.03% of their portfolio | 6.5k $343.4k | New |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 6.1k $322.7k | New |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 6.1k $320.0k | Unchanged |
| State of Wyoming 0.05% of their portfolio | 6.0k $315.9k | New |
| Jump Financial, LLC 0.01% of their portfolio | 5.8k $305.8k | Reduced -813 |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 5.7k $302.9k | Reduced -44.5k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 5.7k $301.3k | New |
| PDT Partners, LLC 0.03% of their portfolio | 5.6k $293.9k | Unchanged |