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 ($6.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $44.24. Options: 4 managers hold calls ($2.0m notional), 5 hold puts ($2.4m).
Trends to Q2 2026
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 |
| Q4 2024 | 154 |
| Q1 2025 | 162 |
| Q2 2025 | 157 |
| Q3 2025 | 152 |
| Q4 2025 | 163 |
| Q1 2026 | 172 |
| Q2 2026 | 184 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 67 | 69 |
| Q4 2024 | 68 | 68 |
| Q1 2025 | 68 | 81 |
| Q2 2025 | 75 | 76 |
| Q3 2025 | 75 | 61 |
| Q4 2025 | 76 | 76 |
| Q1 2026 | 82 | 66 |
| Q2 2026 | 95 | 64 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $974.7k | $38.0k | 0.04 |
| Q4 2025 | $229.2k | $22.0k | 0.10 |
| Q1 2026 | $1.9m | $1.7m | 0.88 |
| Q2 2026 | $2.0m | $2.4m | 1.19 |
Biggest buyers
| First Eagle Investment Management, LLC | Added | +469.7k |
| NEXT CENTURY GROWTH INVESTORS LLC | Added | +257.0k |
| AMERICAN CENTURY COMPANIES INC | Added | +177.6k |
| ANCHOR CAPITAL MANAGEMENT COMPANY, LLC | New | +161.1k |
| Informed Momentum Co LLC | New | +103.2k |
| 4D Advisors, LLC | Added | +90.0k |
| CastleKnight Management LP | Added | +73.5k |
| GOLDMAN SACHS GROUP INC | Added | +66.5k |
| Ranger Investment Management, L.P. | Added | +63.9k |
| Nuveen, LLC | Added | +60.8k |
Biggest sellers
| LSV ASSET MANAGEMENT | Sold out | -456.2k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -134.5k |
| Universal- Beteiligungs- und Servicegesellschaft mbH | Reduced | -92.7k |
| Hudson Bay Capital Management LP | Reduced | -85.6k |
| FRANKLIN RESOURCES INC | Reduced | -71.3k |
| TUDOR INVESTMENT CORP ET AL | Reduced | -68.5k |
| Russell Investments Group, Ltd. | Reduced | -67.4k |
| JACOBS LEVY EQUITY MANAGEMENT, INC | Reduced | -56.9k |
| DIMENSIONAL FUND ADVISORS LP | Reduced | -49.3k |
| ALGERT GLOBAL LLC | Reduced | -34.2k |
Biggest calls
| CastleKnight Management LP | New | $1.3m30.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $357.9k8.1k shares |
| Walleye Capital LLC | New | $335.8k7.6k shares |
| GROUP ONE TRADING LLC | Reduced | $26.5k600 shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $729.0k16.5k shares |
| JANE STREET GROUP, LLC | Reduced | $605.3k13.7k shares |
| IMC-Chicago, LLC | New | $578.8k13.1k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $490.4k11.1k shares |
| SIMPLEX TRADING, LLC | Reduced | $26.5k600 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 since 1 Apr 2026
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 2024 | 0 | — | 2 | $1.1m | — |
| Q1 2025 | 0 | — | 1 | $61.2k | — |
| Q2 2025 | 0 | — | 1 | $50.2k | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 1 | $12.8m | — |
| Q2 2026 | 0 | — | 4 | $2.3m | $1.2m |
| Q3 2026 | 0 | — | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-06-01 | Ballard Joey EVP, Chief People & Safety Off | Sold plan | $160.6k4.0k shares |
| 2026-05-27 | HOGAN JOEY B Director | Sold | $501.5k12.8k shares |
| 2026-05-26 | Ballard Joey EVP, Chief People & Safety Off | Sold plan | $141.3k3.7k shares |
| 2026-05-22 | Ballard Joey EVP, Chief People & Safety Off | Sold plan | $160.1k4.3k shares |
| 2026-04-29 | KRAMER D MICHAEL Director | Sold | $92.0k2.6k shares |
| 2026-04-28 | HOGAN JOEY B Director | Sold | $511.0k14.7k shares |
| 2026-04-20 | Grant James S III EVP and CFO | Sold plan | $688.4k22.4k 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, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.00% of their portfolio | 2.0m $89.7m | Added +53.6k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 1.3m $59.2m | Reduced -49.3k |
| T. Rowe Price Investment Management, Inc. 0.03% of their portfolio | 1.1m $46.5m | Reduced -14.6k |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 859.6k $38.0m | Added +177.6k |
| First Eagle Investment Management, LLC 0.03% of their portfolio | 717.9k $31.7m | Added +469.7k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 677.4k $29.9m | Added +13.6k |
| Patton Albertson Miller Group, LLC 2.57% of their portfolio | 584.9k $25.8m | Added +4.3k |
| NEXT CENTURY GROWTH INVESTORS LLC 1.29% of their portfolio | 551.9k $24.4m | Added +257.0k |
| STATE STREET CORP 0.00% of their portfolio | 443.7k $19.6m | Added +15.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 388.4k $17.2m | Added +25.5k |
| ROYCE & ASSOCIATES LP 0.13% of their portfolio | 354.6k $15.7m | Added +12.8k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 329.4k $14.6m | Reduced -67.4k |
| CSM Advisors, LLC 0.29% of their portfolio | 310.2k $13.7m | Added +10.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 258.4k $11.4m | Reduced -33.2k |
| ALGERT GLOBAL LLC 0.13% of their portfolio | 240.3k $10.6m | Reduced -34.2k |
| Ranger Investment Management, L.P. 0.66% of their portfolio | 236.7k $10.5m | Added +63.9k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.18% of their portfolio | 232.7k $10.3m | Reduced -28.7k |
| 4D Advisors, LLC 3.82% of their portfolio | 225.0k $9.9m | Added +90.0k |
| CastleKnight Management LP 0.35% of their portfolio | 216.5k $9.6m | Added +73.5k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 174.0k $7.7m | Added +1.5k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 173.5k $7.7m | Added +18.7k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 167.3k $7.4m | Added +57.3k |
| ANCHOR CAPITAL MANAGEMENT COMPANY, LLC 7.34% of their portfolio | 161.1k $7.1m | New |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 160.3k $7.1m | Added +66.5k |
| Empowered Funds, LLC 0.03% of their portfolio | 147.1k $6.5m | Added +6.5k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 138.5k $6.1m | Added +32.8k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 129.1k $5.7m | Reduced -1.1k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 113.6k $5.0m | Reduced -71.3k |
| Nuveen, LLC 0.00% of their portfolio | 112.0k $4.9m | Added +60.8k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 107.6k $4.8m | Added +4.3k |
| MORGAN STANLEY 0.00% of their portfolio | 104.8k $4.6m | Added +47.4k |
| Informed Momentum Co LLC 0.41% of their portfolio | 103.2k $4.6m | New |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 88.7k $3.9m | Reduced -8.2k |
| Invesco Ltd. 0.00% of their portfolio | 84.2k $3.7m | Reduced -3.7k |
| Templeton & Phillips Capital Management, LLC 2.18% of their portfolio | 80.1k $3.0m | Unchanged |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 80.0k $3.5m | Reduced -134.5k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.01% of their portfolio | 70.9k $3.1m | Reduced -56.9k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio | 69.3k $3.1m | Reduced -6.5k |
| Polaris Capital Management, LLC 0.28% of their portfolio | 67.3k $3.0m | Reduced -9.2k |
| WESBANCO BANK INC 0.06% of their portfolio | 59.1k $2.6m | Added +18.6k |
| CREDIT AGRICOLE S A 0.01% of their portfolio | 58.0k $2.6m | Reduced -4.0k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 51.8k $2.3m | Reduced -16.1k |
| MARTINGALE ASSET MANAGEMENT L P 0.05% of their portfolio | 48.6k $2.1m | Added +4.9k |
| Creative Planning 0.00% of their portfolio | 45.5k $2.0m | Added +1.9k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.01% of their portfolio | 43.0k $1.9m | Added +320 |
| Quantinno Capital Management LP 0.00% of their portfolio | 43.0k $1.9m | Added +4.5k |
| BARCLAYS PLC 0.00% of their portfolio | 42.2k $1.9m | Reduced -4.3k |
| Corient Private Wealth LP 0.00% of their portfolio | 41.7k $1.8m | Reduced -1.0k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 38.1k $1.7m | Reduced -7.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 38.1k $1.7m | Added +974 |
| UBS Group AG 0.00% of their portfolio | 35.8k $1.6m | Reduced -3.6k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 35.2k $1.6m | Added +12.4k |
| POLEN CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 31.9k $1.4m | New |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 31.9k $1.4m | Reduced -20.6k |
| HRT FINANCIAL LP 0.00% of their portfolio | 31.2k $1.4m | Added +20.4k |
| Swiss National Bank 0.00% of their portfolio | 30.7k $1.4m | Added +700 |
| Vident Advisory, LLC 0.01% of their portfolio | 27.5k $1.2m | Added +7.5k |
| RITHOLTZ WEALTH MANAGEMENT 0.02% of their portfolio | 25.3k $1.1m | Unchanged |
| XTX Topco Ltd 0.01% of their portfolio | 24.5k $1.1m | Added +5.5k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 22.3k $987.0k | Added +704 |
| Trexquant Investment LP 0.01% of their portfolio | 22.3k $983.3k | Reduced -13.2k |
| Penn Capital Management Company, LLC 0.06% of their portfolio | 21.0k $928.4k | Reduced -25.2k |
| Hudson Bay Capital Management LP 0.00% of their portfolio | 20.8k $918.6k | Reduced -85.6k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 20.2k $894.2k | Reduced -31.5k |
| ExodusPoint Capital Management, LP 0.01% of their portfolio | 19.7k $871.1k | New |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 19.1k $844.5k | Reduced -1.2k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 18.5k $818.5k | Added +9.1k |
| NOMURA HOLDINGS INC 0.00% of their portfolio | 18.3k $807.1k | Reduced -496 |
| VARCOV Co. 0.30% of their portfolio | 17.9k $790.2k | Added +7.2k |
| STRS OHIO 0.00% of their portfolio | 17.2k $759.9k | Reduced -6.1k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 17.2k $466.8k | Unchanged |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 16.8k $744.2k | Added +819 |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.01% of their portfolio | 16.8k $742.1k | New |
| Connor, Clark & Lunn Investment Management Ltd. 0.00% of their portfolio | 16.7k $736.6k | New |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 16.1k $709.1k | Reduced -5.3k |
| Prescott Group Capital Management, L.L.C. 0.06% of their portfolio | 16.0k $706.9k | Unchanged |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 15.5k $683.6k | Added +755 |
| Inspire Investing, LLC 0.03% of their portfolio | 15.4k $681.4k | Reduced -3.4k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 15.4k $679.3k | Added +2.7k |
| Kings Path Partners LLC 0.17% of their portfolio | 14.7k $648.6k | Added +4.0k |
| Numerai GP LLC 0.05% of their portfolio | 14.5k $640.4k | Reduced -10.0k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio | 14.3k $630.9k | Reduced -4.6k |
| STEPHENS INC /AR/ 0.01% of their portfolio | 14.1k $624.6k | Reduced -178 |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 14.0k $617.9k | Added +8.3k |
| Boston Partners 0.00% of their portfolio | 13.6k $602.8k | Reduced -14.3k |
| LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio | 13.3k $587.5k | Unchanged |
| Legal & General Group Plc 0.00% of their portfolio | 12.8k $566.3k | Added +1.5k |
| North Star Investment Management Corp. 0.03% of their portfolio | 12.5k $552.2k | Unchanged |
| MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio | 11.6k $514.4k | Reduced -6.1k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio | 11.5k $508.1k | Unchanged |
| Orion Porfolio Solutions, LLC 0.00% of their portfolio | 11.2k $496.0k | New |
| CITIGROUP INC 0.00% of their portfolio | 9.6k $423.3k | Added +6.9k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 9.0k $398.4k | Unchanged |
| Jupiter Topco LLC 0.00% of their portfolio | 9.0k $397.4k | First filing |
| MetLife Investment Management, LLC 0.00% of their portfolio | 9.0k $396.0k | Added +1.1k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 9.0k $395.6k | New |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 8.9k $393.2k | Added +3.5k |
| WEDBUSH SECURITIES INC 0.01% of their portfolio | 7.7k $340.0k | Unchanged |
| Quadrature Capital Ltd 0.00% of their portfolio | 7.4k $327.6k | New |
| ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio | 7.3k $321.0k | New |