Covenant Logistics Group

CVLG • NASDAQ

Covenant Logistics Group is a trucking company in the industrials sector on NASDAQ, led by David R. Parker, with a market cap of $578.8M. As of Q3 2025, 53% of shares are held by 148 institutional investors, with BlackRock, Inc. as the largest holder at 8.33%.

Chairman, President, and Chief Executive OfficerDavid R. Parker

Market Cap$578.8M

Trucking

Industrials

Employees4.6K

Websitecovenantlogistics.com

Country

United States of America

Overview

Overview of institutional ownership in CVLG as of Q3 2025 with a market cap of $541.9M

All Institutions

Institutions: 148
Value Held: $289.0M
Shares Held: 13.4M
Avg Position: $2.0M
Median Position: $335.9K

Hedge Funds

Hedge Funds: 17
Value Held: $34.2M
Shares Held: 1.6M
Avg Position: $2.0M
Median Position: $1.4M

Ownership Breakdown

Institutional (non-HF)

47.02%

$254.8M

Hedge Funds

6.3%

$34.2M

Retail & Other

46.68%

$253.0M

Based on market cap of $541.9M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in CVLG as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$45.2M 0.00% of portfolio	8.33% 2.1M shares	Q2 2015 Held for 10y 5m	$5.67T
DIMENSIONAL FUND ADVISORS LP Long Only Manager	Gerard Kieran O'Reilly CEO	$30.5M 0.01% of portfolio	5.63% 1.4M shares	≤ Q2 2013 Held for 12y 5m+	$466.32B
VANGUARD GROUP INC Institution	Salim Ramji CEO	$18.6M 0.00% of portfolio	3.44% 860.3K shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
Patton Albertson & Miller, LLC RIA/Wealth	James B. Patton CEO	$12.6M 1.52% of portfolio	2.32% 580.5K shares	Q3 2021 Held for 4y 2m	$827.7M
A AMERICAN CENTURY COMPANIES INC Institution	-	$12.4M 0.01% of portfolio	2.30% 574.2K shares	Q4 2021 Held for 3y 11m	$195.93B
S SCOPUS ASSET MANAGEMENT, L.P. Hedge Fund•Long/Short	Alexander Mnm Mitchell Managing Partner	$12.3M 0.32% of portfolio	2.26% 566.5K shares	Q1 2023 Held for 2y 8m	$3.8B
T T. Rowe Price Investment Management, Inc. Insurance Manager	John Edward Robison President	$10.6M 0.01% of portfolio	1.95% 487.3K shares	Q4 2024 Held for 11 months	$161.58B
L LSV ASSET MANAGEMENT Long Only Manager	Josef Nmn Lakonishok CEO	$9.8M 0.02% of portfolio	1.81% 452.3K shares	Q4 2020 Held for 4y 11m	$45.1B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$9.2M 0.00% of portfolio	1.69% 422.9K shares	Q2 2015 Held for 10y 5m	$2.88T
C CSM Advisors, LLC Institution	-	$8.7M 0.26% of portfolio	1.61% 403.5K shares	Q2 2025 Held for 5 months	$3.4B

Net Capital Flow

Institutional buying and selling activity for CVLG in Q3 2025

Traded: −$7.6M
Buyers: 78
Sellers: 58
Total Bought: +$16.4M
Total Sold: −$24.0M
Avg Position: $1.7M

Biggest Buyers

Institution	Net Bought	Current Position
ALGERT COLDIRON INVESTORS LLC Hedge Fund•Quant	+$2.1M +95.6K shares	$2.4M 110.1K shares
MORGAN STANLEY RIA/Wealth	+$2.0M +93.4K shares	$4.0M 186.0K shares
R Russell Investments Group, Ltd. RIA/Wealth	+$1.3M +58.6K shares	$7.9M 363.0K shares
LAZARD ASSET MANAGEMENT LLC Long Only Manager	+$1.1M +49.7K shares	$1.3M 62.3K shares
A AMERICAN CENTURY COMPANIES INC Institution	+$973.2K +44.9K shares	$12.4M 574.2K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$939.7K +43.4K shares	$3.0M 137.5K shares
J JANE STREET GROUP, LLC Institution	+$898.2K +41.5K shares	$898.2K 41.5K shares
C CI Private Wealth, LLC RIA/Wealth	+$894.4K +41.3K shares	$894.4K 41.3K shares
SCHWAB CHARLES INVESTMENT MANAGEMENT INC Long Only Manager	+$823.7K +38.0K shares	$5.4M 251.0K shares
D D. E. Shaw & Co., Inc. Institution	+$550.1K +25.4K shares	$2.2M 103.3K shares

Biggest Sellers

Institution	Net Sold	Current Position
NEXT CENTURY GROWTH INVESTORS LLC Long Only Manager	−$4.7M −193.4K shares	Sold Off 0 shares
S SCOPUS ASSET MANAGEMENT, L.P. Hedge Fund•Long/Short	−$3.1M −144.1K shares	$12.3M 566.5K shares
Hudson Bay Capital Management LP Hedge Fund•Multi-Strategy	−$1.8M −82.3K shares	$1.1M 50.2K shares
B BlackRock, Inc. Institution	−$1.1M −51.8K shares	$45.2M 2.1M shares
DIMENSIONAL FUND ADVISORS LP Long Only Manager	−$888.2K −41.0K shares	$30.5M 1.4M shares
X XTX Topco Ltd Institution	−$851.7K −35.3K shares	Sold Off 0 shares
PRUDENTIAL FINANCIAL INC Institution	−$827.8K −34.3K shares	Sold Off 0 shares
VANGUARD GROUP INC Institution	−$819.6K −37.8K shares	$18.6M 860.3K shares
Empowered Funds, LLC ETF Provider	−$761.0K −35.1K shares	$3.0M 138.4K shares
B BRIDGEWAY CAPITAL MANAGEMENT INC Long Only Manager	−$761.0K −35.1K shares	$6.7M 309.2K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited CVLG in Q3 2025

New Positions: 8
New Value: $1.5M
Exited Positions: 19
Exited Value: $10.0M

New Positions

Institution	Position Value
C CI Private Wealth, LLC RIA/Wealth	$894.4K 41.3K shares
N NOMURA HOLDINGS INC Institution	$359.8K 16.6K shares
Inspire Advisors, LLC RIA/Wealth	$207.3K 9.6K shares
S State of Alaska, Department of Revenue Institution	$25.0K 1.2K shares
O Optiver Holding B.V. Institution	$5.7K 262.0 shares
Sunbelt Securities, Inc. RIA/Wealth	$2.2K 102.0 shares
JPL Wealth Management, LLC RIA/Wealth	$1.5K 70.0 shares
B Bare Financial Services, Inc Institution	$498.0 23.0 shares

Exited Positions

Institution	Previous Position
NEXT CENTURY GROWTH INVESTORS LLC Long Only Manager	$4.7M 193.4K shares
X XTX Topco Ltd Institution	$851.7K 35.3K shares
PRUDENTIAL FINANCIAL INC Institution	$827.8K 34.3K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$681.8K 28.3K shares
ExodusPoint Capital Management, LP Hedge Fund•Multi-Strategy	$669.0K 27.7K shares
COMMONWEALTH EQUITY SERVICES, LLC. RIA/Wealth	$342.8K 14.2K shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$297.8K 12.4K shares
P Polymer Capital Management LLC Hedge Fund•Multi-Strategy	$296.0K 12.3K shares
WEDBUSH MORGAN SECURITIES INC RIA/Wealth	$254.6K 10.6K shares
HENDERSON GROUP PLC Institution	$216.8K 9.0K shares

Options Activity

Institutions with the largest Call and Put options positions in CVLG as of Q3 2025

Call Positions: 1
Call Value: $517.7K
Put Positions: 2
Put Value: -

Call Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$517.7K 239.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	- - contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	- - contracts

Most Committed Institutions

Institutions with CVLG as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Patton Albertson & Miller, LLC RIA/Wealth	James B. Patton CEO	1.52% $12.6M	2.32% 580.5K shares	Q3 2021 Held for 4y 2m	$827.7M
Templeton & Phillips Capital Management, LLC Hedge Fund•Long/Short	David Scott Phillips Managing Partner	1.05% $1.5M	0.32% 80.1K shares	Q4 2022 Held for 2y 11m	$139.0M
ESSEX INVESTMENT MANAGEMENT CO LLC Long Only Manager	Robert Joseph Uek CEO	0.45% $2.9M	0.54% 134.2K shares	Q4 2023 Held for 1y 11m	$652.5M
S SCOPUS ASSET MANAGEMENT, L.P. Hedge Fund•Long/Short	Alexander Mnm Mitchell Managing Partner	0.32% $12.3M	2.26% 566.5K shares	Q1 2023 Held for 2y 8m	$3.8B
Ranger Investment Management, L.P. Long Only Manager	Andrew Ferguson Hill President	0.28% $4.0M	0.74% 185.9K shares	Q2 2025 Held for 5 months	$1.4B
Oliver Luxxe Assets LLC RIA/Wealth	Brad David Jacobson Managing Partner	0.26% $1.6M	0.30% 76.0K shares	Q4 2023 Held for 1y 11m	$631.7M
C CSM Advisors, LLC Institution	-	0.26% $8.7M	1.61% 403.5K shares	Q2 2025 Held for 5 months	$3.4B
B BRIDGEWAY CAPITAL MANAGEMENT INC Long Only Manager	John Noland Ryan Montgomery CEO	0.14% $6.7M	1.24% 309.2K shares	≤ Q2 2013 Held for 12y 5m+	$4.7B
N NJ State Employees Deferred Compensation Plan Institution	-	0.13% $1.2M	0.22% 56.0K shares	Q2 2018 Held for 7y 5m	$906.0M
Legato Capital Management LLC Fund of Funds	Victor Louis Hymes CEO	0.09% $829.8K	0.15% 38.3K shares	Q4 2023 Held for 1y 11m	$915.6M

Hedge Fund Spotlight

Discover hedge funds investing in CVLG

TWO SIGMA INVESTMENTS LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerScott David Hoffman

Portfolio Value: $62.0B
Positions: 3,252
Last Reported: Q3 2025

Sector Allocation

Position in Covenant Logistics Group

Market Value: $887.7K
Shares Held: 41.0K
Portfolio Weight: 0.00%
Owned Since: 2023-Q3

Top Holding	Sector	Market Value	Weight
1 SPDR S&P 500 ETF Trust SPY	ETF ETF	$680.4M	1.10%
2 Financial Select Sector SPDR Fund XLF	ETF ETF	$582.6M	0.94%
3 Consumer Staples Select Sector SPDR Fund XLP	ETF ETF	$489.6M	0.79%