Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Covenant Logistics Group Inc (CVLG)

171 + Investors. Track Smart Money conviction in CVLG. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +12
Streak
2Q ▲
Buyers last Q
56%

Smart Money Signals — CVLG

Based on 172 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds added CVLG than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
172 hedge funds hold CVLG right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +7% more funds vs a year ago

fund count last 6Q
+11 new funds entered over the past year (+7% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 56% buying

89 buying69 selling
Last quarter: 89 funds bought or added vs 69 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~30 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 24 → 16 → 26 → 30. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

57% of holders stayed for 2+ years

■ 57% conviction (2yr+) ■ 23% medium ■ 20% new
98 out of 172 hedge funds have held CVLG for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
📈

Growing discovery — still being found

28 → 24 → 16 → 26 → 30 new funds/Q
New funds entering each quarter: 24 → 16 → 26 → 30. A growing number of institutions are discovering CVLG each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 64% veterans vs 25% newcomers

■ 64% veterans ■ 11% 1-2yr ■ 25% new
Entry-cohort mix of 177 holders: 113 (64%) are 2+ year veterans, 19 entered 1–2 years ago, and 45 (25%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 39% AUM from major funds

39% from top-100 AUM funds
39 of 170 holders rank in the top 100 by AUM, accounting for 39% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.6
out of 10
Low Exit Risk
Exit risk score 3.6/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — CVLG

In 2026 Q1, 89 hedge funds were net buyers of CVLG (30 opened a new position, 59 added to an existing one), while 69 reduced or exited (51 trimmed, 18 sold completely) — a 56% buyer ratio, indicating a slight buying edge. Net buying has persisted for two consecutive quarters, a positive momentum signal. 39% of total institutional value in CVLG is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +12 funds (more new holders than closures). Total institutional holders: 172.

Hedge Fund Ownership: CVLG

How many hedge funds hold CVLG — quarterly history vs. share price
Quarterly hedge fund ownership of CVLG vs. share price

Market Analysis: CVLG

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: CVLG

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Covenant Logistics Group Inc (CVLG) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much CVLG has moved relative to its sector benchmark (XLI) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 85d ago
CVLG
+59.2%
XLI
+10.6%

CVLG outperformed XLI by +48.6% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 40d ago
CVLG
+26.3%
XLI
+4.4%

Since the filing became public, CVLG outperformed XLI by +21.9% .

Interpretation: The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

20 top-rated funds 1 high-conviction
Consensus
5.7
/ 10
breadth
×
Elite
1.0
/ 10
conviction
Hedge Fund Positioning: CVLG
171 + Investors

Track Smart Money conviction in CVLG. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 171 160 6.88%
13F Shares 15M 13M 11.27%
Total Value $338M $289M 17.03%
New Positions 29 26 +3
Increased Positions 58 54 +4
Closed Positions 18 16 +2
Reduced Positions 50 59 -9
Total Calls 4 1 300.0%
Total Puts 3 0 100%
PUT/CALL Ratio 0.75 0.0 Neutral

Statistics: CVLG

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Enterprise Value/EBITDA --
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Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

171 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in CVLG. Verified SEC 13F-HR filings.

QUARTER:
Top 25 CVLG holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 4D Advisors, LLC 2.32% 135,000 $3.7M
2 Patton Albertson Miller Group, LLC 1.87% 580,528 $15.8M
3 Templeton & Phillips Capital Management, LLC 1.49% 80,134 $1.8M
4 Next Century Growth Investors LLC 0.58% 294,868 $8.0M
5 Ranger Investment Management, L.P. 0.34% 172,710 $4.7M
6 Daytona Street Capital LLC 0.22% 10,000 $280K
7 Polaris Capital Management, LLC 0.17% 76,482 $2.1M
8 Bridgeway Capital Management, LLC 0.14% 261,355 $7.1M
9 NJ State Employees Deferred Compensation Plan 0.13% 56,000 $1.2M
10 VARCOV Co. 0.11% 10,657 $289K
11 Penn Capital Management Company, LLC 0.10% 46,249 $1.3M
12 1492 Capital Management LLC 0.09% 8,886 $241K
13 Royce & Associates LP 0.09% 341,868 $9.3M
14 Dynamic Technology Lab Private Ltd 0.07% 15,770 $428K
15 Numerai GP LLC 0.07% 24,514 $666K
16 DGS Capital Management, LLC 0.07% 14,613 $397K
17 CastleKnight Management LP 0.06% 143,000 $3.9M
18 Prescott Group Capital Management, L.L.C. 0.04% 16,000 $434K
19 Inspire Investing, LLC 0.04% 18,869 $512K
20 Truvestments Capital LLC 0.03% 6,959 $189K
21 Hickory Point Bank & Trust 0.03% 1,700 $46K
22 Wesbanco Bank Inc 0.03% 40,500 $1.1M
23 Martingale Asset Management L P 0.03% 43,753 $1.2M
24 Empowered Funds, LLC 0.02% 140,555 $3.8M
25 AlphaQuest LLC 0.02% 17,127 $377K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Covenant Logistics Group Inc (CVLG)

What does the Smart Money Trend signal show for CVLG?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added CVLG than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for CVLG?

Slight buying edge — 56% buying: Last quarter: 89 funds bought or added vs 69 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for CVLG holders?

Strong quality — 39% AUM from major funds: 39 of 170 holders rank in the top 100 by AUM, accounting for 39% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held CVLG?

57% of holders stayed for 2+ years: 98 out of 172 hedge funds have held CVLG for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Covenant Logistics Group Inc (CVLG) following the 2026 Q1 hedge fund 13F filings?

As of today, CVLG has moved +26.3% since the 2026 Q1 13F filing date (May 15, 2026), compared to +4.4% for the XLI sector ETF — an outperformance of +21.9%. Since the quarter end (March 31, 2026), CVLG has gained +59.2% vs +10.6% for XLI. The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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