Cove Street Capital, LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 7, 2024), Cove Street Capital, LLC reported 70 stock positions worth $315.9 million. Its top holding was People (PPLI) at 7.2% of the portfolio, followed by Ecovyst (ECVT, 6.5%) and White Mountains Insurance GP (WTM, 5.7%). Compared with Q4 2023, it opened 8 new positions, sold out of 7, added to 13 and reduced 39. The biggest buy was a new position in Trubridge (TBRG) and the biggest sale an exit from Liberty Tripadvisor HDG-A (LTRPA).
- Most Recent 13F
- Q3 2025
- Location
- El Segundo, CA
- CIK
- 0001531612
- Portfolio Value
- $315.9M (Q1 2024)
- SEC Filing
- 0001531612-24-000022 ↗ filed May 7, 2024
Holdings Value
Holdings 70 stocks · $315.9M
| PPLI People Inc. filed as IAC INC | 7.21% | 427,289 | $22.8M | Reduce -8.1% |
| ECVT Ecovyst Inc. | 6.49% | 1,839,956 | $20.5M | Reduce -3.6% |
| WTM White Mountains Insurance GP | 5.71% | 10,057 | $18.0M | Reduce -5.7% |
| SSP Ew Scripps Co./the-A filed as SCRIPPS E W CO OHIO | 4.61% | 3,703,082 | $14.6M | Add +34.2% |
| VSAT Viasat Inc. | 4.39% | 766,753 | $13.9M | Add +17.7% |
| OUT Outfront Media Inc. | 4.34% | 816,100 | $13.7M | Reduce -3.0% |
| CLMB Climb Global Solutions Inc. | 3.49% | 155,424 | $11.0M | Reduce -18.7% |
| RSSS Research Solutions Inc. | 3.44% | 3,433,882 | $10.9M | Reduce -2.2% |
| KBR KBR Inc. | 3.28% | 162,823 | $10.4M | Reduce -7.5% |
| SIX Six Flags Entertainment Corp. | 3.23% | 387,811 | $10.2M | Reduce -0.6% |
| ENOV Enovis Corp. | 3.14% | 158,989 | $9.9M | Reduce -2.1% |
| AVD American Vanguard Corp. | 2.91% | 709,287 | $9.2M | Add +166.1% |
| VMD Viemed Healthcare Inc. | 2.67% | 893,797 | $8.4M | Reduce -2.9% |
| VTS Vitesse Energy Inc. | 2.64% | 351,365 | $8.3M | Add +26.3% |
| TFPM Triple Flag Precious Met | 2.48% | 541,255 | $7.8M | Add +15.4% |
| CNX CNX Resources Corp. | 2.42% | 322,747 | $7.7M | Add +2.4% |
| TIPT Tiptree Inc. | 2.32% | 423,767 | $7.3M | Add +7.1% |
| NEU Newmarket Corp. | 2.18% | 10,847 | $6.9M | Reduce -6.6% |
| LFCR Lifecore Biomedical Inc. | 2.16% | 1,283,780 | $6.8M | Add +41.0% |
| TBRG Trubridge Inc. | 2.14% | 733,369 | $6.8M | New |
| SNEX Stonex Group Inc. | 2.00% | 89,945 | $6.3M | Reduce -8.1% |
| LGTY Logility Supply Chain Soluti filed as AMER SOFTWARE INC | 1.96% | 541,707 | $6.2M | Reduce -5.1% |
| PKE Park Aerospace Corp. | 1.88% | 357,250 | $5.9M | New |
| MPAA Motorcar Parts of America Inc. | 1.83% | 720,753 | $5.8M | Reduce -5.0% |
| RDVT Red Violet Inc. | 1.70% | 275,000 | $5.4M | New |
| DLHC DLH Holdings Corp. filed as DLH HLDGS CORP | 1.58% | 375,776 | $5.0M | Reduce -49.8% |
| CMP Compass Minerals Internation | 1.55% | 310,188 | $4.9M | Add +35.3% |
| SCWX Secureworks Corp. Class A | 1.36% | 638,626 | $4.3M | Reduce -1.4% |
| WBD Warner Bros Discovery Inc. | 1.25% | 452,800 | $4.0M | Reduce -2.8% |
| SXI Standex International Corp. | 1.17% | 20,267 | $3.7M | Reduce -27.6% |
| INFU Infusystem Holdings Inc. | 1.06% | 392,325 | $3.4M | Reduce -4.2% |
| LGF.B Lions Gate Entertainment-B | 0.92% | 310,985 | $2.9M | Reduce -19.7% |
| DVN Devon Energy Corp. | 0.88% | 55,516 | $2.8M | Add +103.1% |
| AXTA Axalta Coating Systems Ltd. | 0.84% | 77,502 | $2.7M | Reduce -34.6% |
| FNV Franco-Nevada Corp. | 0.73% | 19,400 | $2.3M | Reduce -5.4% |
| FMC FMC Corp. | 0.72% | 35,478 | $2.3M | Add +16.1% |
| SCHW Schwab (charles) Corp. | 0.69% | 30,100 | $2.2M | Reduce -8.2% |
| GBLI Global Indemnity Group LLC-A | 0.66% | 68,319 | $2.1M | Reduce -26.2% |
| GEG Great Elm Group Inc. | 0.62% | 1,012,946 | $1.9M | Reduce -0.8% |
| ADM Archer-Daniels-Midland Co. | 0.57% | 28,800 | $1.8M | New |
| TRMB Trimble Inc. | 0.53% | 26,000 | $1.7M | Reduce -4.2% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.50% | 27,400 | $1.6M | No change |
| WFC Wells Fargo & Co. | 0.50% | 27,200 | $1.6M | Reduce -20.0% |
| HNRG Hallador Energy Co. | 0.49% | 289,259 | $1.5M | Add +5.1% |
| RRX Regal Rexnord Corp. | 0.48% | 8,441 | $1.5M | Reduce -19.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.48% | 3,590 | $1.5M | Reduce -67.7% |
| HWM Howmet Aerospace Inc. | 0.31% | 14,170 | $970K | Reduce -51.7% |
| CLH Clean Harbors Inc. | 0.29% | 4,618 | $930K | Reduce -7.5% |
| LFUS Littelfuse Inc. | 0.25% | 3,202 | $776K | Reduce -7.9% |
| KMI Kinder Morgan Inc. | 0.23% | 38,900 | $713K | Add +285.1% |
| MTBA Simplify MBS ETF | 0.12% | 7,700 | $392K | New |
| SPAB SS SPDR P Agg Bond ETF | 0.11% | 14,100 | $357K | New |
| CTO Cto Realty Growth Inc. filed as CTO RLTY GROWTH INC NEW | 0.07% | 13,404 | $227K | No change |
| ABBV Abbvie Inc. | 0.06% | 1,000 | $182K | No change |
| SGU Star Group LP | 0.05% | 16,000 | $160K | Reduce -6.0% |
| CVX Chevron Corp. | 0.05% | 1,000 | $158K | No change |
| TPR Tapestry Inc. | 0.05% | 3,000 | $142K | Reduce -89.0% |
| ABT Abbott Laboratories | 0.04% | 1,000 | $114K | No change |
| PFF iShares Preferred & Income S | 0.04% | 3,500 | $113K | New |
| FLOT iShares Floating Rate Bond E | 0.04% | 2,200 | $112K | No change |
| PM Philip Morris International | 0.03% | 1,100 | $101K | No change |
| JAAA Janus Henderson Aaa Clo ETF | 0.03% | 1,900 | $96K | New |
| GECC Great Elm Capital Corp. | 0.02% | 6,100 | $67K | Reduce -50.0% |
| TG Tredegar Corp. | 0.01% | 5,000 | $33K | Reduce -54.6% |
| ANGI Angi Inc. | 0.01% | 7,373 | $19K | Reduce -25.6% |
| IA Innovative Solutions & Supp | 0.01% | 2,535 | $19K | No change |
| EML The Eastern Co. | 0.01% | 544 | $19K | No change |
| LLYVA Liberty Media Corp.-Liberty-A | 0.00% | 2 | $85 | Reduce -100.0% |
| TIGO Millicom Intl Cellular S.A. | 0.00% | 2 | $40 | No change |
| GLDD Great Lakes Dredge & Dock Co. | 0.00% | 3 | $26 | Reduce -100.0% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $139K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 115 | $139K | No change |
Total filed on the 13F, all lines: $316.0M.
Portfolio Sells Q4 2023 → Q1 2024
| LTRPA Liberty Tripadvisor HDG-A | Sold out | 0.00% | −2.17 |
| DLHC DLH Holdings Corp. | Reduce -49.8% | 1.58% | −2.03 |
| DCO Ducommun Inc. | Sold out | 0.00% | −1.96 |
| GLDD Great Lakes Dredge & Dock Co. | Reduce -100.0% | 0.00% | −1.69 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -67.7% | 0.48% | −0.73 |
| LLYVA Liberty Media Corp.-Liberty-A | Reduce -100.0% | 0.00% | −0.54 |
| SKX Skechers USA Inc. Class A | Sold out | 0.00% | −0.40 |
| AXTA Axalta Coating Systems Ltd. | Reduce -34.6% | 0.84% | −0.39 |
| WBD Warner Bros Discovery Inc. | Reduce -2.8% | 1.25% | −0.37 |
| MPAA Motorcar Parts of America Inc. | Reduce -5.0% | 1.83% | −0.33 |
| LGF.B Lions Gate Entertainment-B | Reduce -19.7% | 0.92% | −0.29 |
| ESI Element Solutions Inc. | Sold out | 0.00% | −0.27 |
| TPR Tapestry Inc. | Reduce -89.0% | 0.05% | −0.26 |
| INFU Infusystem Holdings Inc. | Reduce -4.2% | 1.06% | −0.26 |
| GBLI Global Indemnity Group LLC-A | Reduce -26.2% | 0.66% | −0.25 |
| PPLI People Inc. | Reduce -8.1% | 7.21% | −0.24 |
| SNEX Stonex Group Inc. | Reduce -8.1% | 2.00% | −0.21 |
| SXI Standex International Corp. | Reduce -27.6% | 1.17% | −0.19 |
| HWM Howmet Aerospace Inc. | Reduce -51.7% | 0.31% | −0.18 |
| SCWX Secureworks Corp. Class A | Reduce -1.4% | 1.36% | −0.10 |
| LFUS Littelfuse Inc. | Reduce -7.9% | 0.25% | −0.04 |
| GECC Great Elm Capital Corp. | Reduce -50.0% | 0.02% | −0.02 |
| WFC Wells Fargo & Co. | Reduce -20.0% | 0.50% | −0.01 |
| LGTY Logility Supply Chain Soluti | Reduce -5.1% | 1.96% | −0.01 |
| SGU Star Group LP | Reduce -6.0% | 0.05% | −0.01 |
| TG Tredegar Corp. | Reduce -54.6% | 0.01% | −0.01 |
| CIZN Citizens Holding Company | Sold out | 0.00% | −0.00 |
| NTIC Northern Technologies Intl | Sold out | 0.00% | −0.00 |
| ACCS Access Newswire Inc. | Sold out | 0.00% | −0.00 |
| ANGI Angi Inc. | Reduce -25.6% | 0.01% | −0.00 |
| SCHW Schwab (charles) Corp. | Reduce -8.2% | 0.69% | −0.00 |
| RRX Regal Rexnord Corp. | Reduce -19.4% | 0.48% | +0.01 |
| GEG Great Elm Group Inc. | Reduce -0.8% | 0.62% | +0.01 |
| CLH Clean Harbors Inc. | Reduce -7.5% | 0.29% | +0.03 |
| FNV Franco-Nevada Corp. | Reduce -5.4% | 0.73% | +0.04 |
| TRMB Trimble Inc. | Reduce -4.2% | 0.53% | +0.09 |
| SIX Six Flags Entertainment Corp. | Reduce -0.6% | 3.23% | +0.24 |
| NEU Newmarket Corp. | Reduce -6.6% | 2.18% | +0.24 |
| CLMB Climb Global Solutions Inc. | Reduce -18.7% | 3.49% | +0.28 |
| KBR KBR Inc. | Reduce -7.5% | 3.28% | +0.29 |
| ENOV Enovis Corp. | Reduce -2.1% | 3.14% | +0.36 |
| VMD Viemed Healthcare Inc. | Reduce -2.9% | 2.67% | +0.46 |
| RSSS Research Solutions Inc. | Reduce -2.2% | 3.44% | +0.64 |
| OUT Outfront Media Inc. | Reduce -3.0% | 4.34% | +0.74 |
| ECVT Ecovyst Inc. | Reduce -3.6% | 6.49% | +0.79 |
| WTM White Mountains Insurance GP | Reduce -5.7% | 5.71% | +0.80 |
Portfolio Buys Q4 2023 → Q1 2024
| TBRG Trubridge Inc. | New | 2.14% | +2.14 |
| AVD American Vanguard Corp. | Add +166.1% | 2.91% | +2.01 |
| PKE Park Aerospace Corp. | New | 1.88% | +1.88 |
| RDVT Red Violet Inc. | New | 1.70% | +1.70 |
| VTS Vitesse Energy Inc. | Add +26.3% | 2.64% | +0.78 |
| ADM Archer-Daniels-Midland Co. | New | 0.57% | +0.57 |
| TFPM Triple Flag Precious Met | Add +15.4% | 2.48% | +0.57 |
| DVN Devon Energy Corp. | Add +103.1% | 0.88% | +0.50 |
| CNX CNX Resources Corp. | Add +2.4% | 2.42% | +0.49 |
| LFCR Lifecore Biomedical Inc. | Add +41.0% | 2.16% | +0.43 |
| KMI Kinder Morgan Inc. | Add +285.1% | 0.23% | +0.17 |
| FMC FMC Corp. | Add +16.1% | 0.72% | +0.13 |
| MTBA Simplify MBS ETF | New | 0.12% | +0.12 |
| SPAB SS SPDR P Agg Bond ETF | New | 0.11% | +0.11 |
| PFF iShares Preferred & Income S | New | 0.04% | +0.04 |
| JAAA Janus Henderson Aaa Clo ETF | New | 0.03% | +0.03 |
| TIPT Tiptree Inc. | Add +7.1% | 2.32% | +0.02 |
| CMP Compass Minerals Internation | Add +35.3% | 1.55% | −0.23 |
| HNRG Hallador Energy Co. | Add +5.1% | 0.49% | −0.26 |
| VSAT Viasat Inc. | Add +17.7% | 4.39% | −1.18 |
| SSP Ew Scripps Co./the-A | Add +34.2% | 4.61% | −2.14 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q3 2025 | 94 | $76.0M | AVD, RSSS, FUN, VSAT, ECVT |
| Q2 2025 | 96 | $68.0M | AVD, ECVT, RSSS, VSAT, SNEX |
| Q1 2025 | 97 | $63.5M | AVD, ECVT, RSSS, PPLI, WBD |
| Q4 2024 | 93 | $85.5M | RSSS, WBD, AVD, ECVT, CLVT |
| Q3 2024 | 98 | $127.6M | PPLI, RSSS, CMP, SSP, OUT |
| Q2 2024 | 78 | $138.4M | RSSS, SSP, VSAT, PPLI, ECVT |
| Q1 2024 | 70 | $315.9M | PPLI, ECVT, WTM, SSP, VSAT |