Cove Street Capital, LLC

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 12, 2025), Cove Street Capital, LLC reported 93 stock positions worth $85.5 million. Its top holding was Research Solutions (RSSS) at 8.6% of the portfolio, followed by Warner Bros Discovery (WBD, 4.5%) and American Vanguard (AVD, 4.5%). Compared with Q3 2024, it opened 6 new positions, sold out of 11, added to 8 and reduced 29. The biggest buy was a new position in British American Tob-SP ADR (BTI) and the biggest sale Compass Minerals Internation (CMP, shares −64%).

Most Recent 13F
Q3 2025
Location
El Segundo, CA
CIK
0001531612
Portfolio Value
$85.5M (Q4 2024)
SEC Filing
0001531612-25-000005 ↗ filed Feb 12, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $315.9M Q1 2024 Q2 2024: $138.4M Q2 2024 Q3 2024: $127.6M Q3 2024 Q4 2024: $85.5M $85.5M Q4 2024 Q1 2025: $63.5M Q1 2025 Q2 2025: $68.0M Q2 2025 Q3 2025: $76.0M Q3 2025

Holdings 93 stocks · $85.5M
RSSS Research Solutions Inc. 8.56% 1,764,650 $7.3M Reduce -32.3%
WBD Warner Bros Discovery Inc. 4.53% 366,805 $3.9M No change
AVD American Vanguard Corp. 4.49% 829,293 $3.8M Reduce -21.0%
ECVT Ecovyst Inc. 4.39% 491,560 $3.8M Reduce -24.1%
CLVT Clarivate PLC 4.30% 724,868 $3.7M Add +9.4%
AAP Advance Auto Parts Inc. 4.30% 77,818 $3.7M Reduce -20.9%
PPLI People Inc. filed as IAC INC 4.06% 80,503 $3.5M Reduce -39.2%
KMI Kinder Morgan Inc. 3.35% 104,521 $2.9M Reduce -5.8%
SSP Ew Scripps Co./the-A filed as SCRIPPS E W CO OHIO 3.28% 1,264,424 $2.8M Reduce -53.4%
OUT Outfront Media Inc. 2.90% 139,897 $2.5M Reduce -57.0%
VSAT Viasat Inc. 2.72% 273,406 $2.3M Reduce -27.6%
CMP Compass Minerals Internation 2.65% 201,372 $2.3M Reduce -63.5%
SCHW Schwab (charles) Corp. 2.58% 29,824 $2.2M No change
WTM White Mountains Insurance GP 2.42% 1,067 $2.1M Reduce -49.7%
FNV Franco-Nevada Corp. 2.35% 17,114 $2.0M No change
SNEX Stonex Group Inc. 2.28% 19,921 $2.0M Reduce -45.6%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 2.24% 24,954 $1.9M No change
ENOV Enovis Corp. 2.20% 42,893 $1.9M Reduce -23.4%
NEU Newmarket Corp. 2.18% 3,530 $1.9M Reduce -38.5%
BRK.B Berkshire Hathaway Inc. Class B 2.09% 3,935 $1.8M No change
TIPT Tiptree Inc. 2.04% 83,760 $1.7M Reduce -52.9%
INFU Infusystem Holdings Inc. 1.91% 193,450 $1.6M Reduce -12.9%
TBRG Trubridge Inc. 1.88% 81,569 $1.6M Reduce -55.0%
GBLI Global Indemnity Group LLC-A 1.88% 44,555 $1.6M Reduce -33.4%
WFC Wells Fargo & Co. 1.82% 22,150 $1.6M No change
CLAR Clarus Corp. 1.57% 297,431 $1.3M Add +182.4%
VMD Viemed Healthcare Inc. 1.50% 160,261 $1.3M Reduce -54.1%
FMC FMC Corp. 1.47% 25,853 $1.3M No change
CLMB Climb Global Solutions Inc. 1.36% 9,158 $1.2M Reduce -66.9%
TFPM Triple Flag Precious Met 1.36% 77,102 $1.2M Reduce -47.6%
BTI British American Tob-SP ADR 1.23% 28,921 $1.1M New
OXY Occidental Petroleum Corp. 1.21% 20,969 $1.0M Add +55.8%
MTBA Simplify MBS ETF 0.85% 14,600 $725K No change
KBR KBR Inc. 0.79% 11,692 $677K Reduce -45.9%
FUN Six Flags Entertainment Corp. 0.78% 13,794 $664K Reduce -52.0%
RDVT Red Violet Inc. 0.74% 17,340 $629K Reduce -79.2%
MPAA Motorcar Parts of America Inc. 0.65% 73,378 $559K Reduce -72.4%
VTS Vitesse Energy Inc. 0.59% 20,142 $504K No change
LGTY Logility Supply Chain Soluti 0.56% 42,963 $475K Reduce -73.8%
PKE Park Aerospace Corp. 0.54% 31,723 $464K Reduce -68.5%
SCWX Secureworks Corp. Class A 0.43% 43,602 $369K Reduce -82.1%
AAPL Apple Inc. 0.42% 1,450 $363K No change
TRIP Tripadvisor Inc. 0.41% 23,913 $353K No change
SPAB SS SPDR P Agg Bond ETF 0.41% 14,100 $352K No change
AVGO Broadcom Inc. 0.38% 1,400 $325K No change
MSFT Microsoft Corp. 0.34% 680 $287K No change
GOOGL Alphabet Inc. Class A 0.33% 1,500 $284K No change
CTO Cto Realty Growth Inc. filed as CTO RLTY GROWTH INC NEW 0.31% 13,404 $264K No change
AMZN Amazon.com Inc. 0.27% 1,060 $233K No change
SGU Star Group LP 0.25% 18,500 $213K No change
ABBV Abbvie Inc. 0.21% 1,000 $178K No change
CTAS Cintas Corp. 0.20% 940 $172K No change
GBDC Golub Capital BDC Inc. 0.19% 10,833 $164K No change
DMF BNYM Municipal Income filed as BNY MELLON MUN INCOME INC 0.19% 22,318 $158K No change
CVX Chevron Corp. 0.17% 1,000 $145K No change
ISRG Intuitive Surgical Inc. 0.16% 270 $141K No change
JAAA Janus Henderson Aaa Clo ETF 0.16% 2,700 $137K No change
PM Philip Morris International 0.15% 1,100 $132K No change
MPC Marathon Petroleum Corp. 0.14% 855 $119K No change
WSO Watsco Inc. 0.13% 240 $114K No change
ABT Abbott Laboratories 0.13% 1,000 $113K No change
FLOT iShares Floating Rate Bond E 0.13% 2,200 $112K No change
PFF iShares Preferred & Income S 0.13% 3,500 $110K No change
ADBE Adobe Inc. 0.11% 205 $91K No change
TMO Thermo Fisher Scientific Inc. 0.11% 175 $91K No change
TER Teradyne Inc. 0.11% 720 $91K No change
V Visa Inc. Class A 0.10% 275 $87K No change
ETN Eaton Corp. PLC 0.10% 260 $86K No change
HD Home Depot Inc. 0.10% 220 $86K No change
ROP Roper Technologies Inc. 0.10% 165 $86K No change
PGR Progressive Corp. 0.09% 315 $75K No change
IDXX Idexx Laboratories Inc. 0.09% 180 $74K No change
DHR Danaher Corp. 0.08% 315 $72K No change
CB Chubb Ltd. 0.08% 260 $72K No change
ZBRA Zebra Technologies Corp. Class A 0.08% 180 $70K No change
CHD Church & Dwight Co. Inc. 0.08% 650 $68K No change
GECC Great Elm Capital Corp. 0.08% 6,100 $67K No change
LMT Lockheed Martin Corp. 0.07% 125 $61K No change
PLD Prologis Inc. 0.06% 505 $53K No change
ARLP Alliance Resource Partners 0.06% 2,000 $53K No change
XOM Exxon Mobil Corp. 0.06% 453 $49K No change
UNH Unitedhealth Group Inc. 0.05% 90 $46K No change
ANGI Angi Inc. 0.02% 9,969 $17K Add +139.8%
IA Innovative Solutions & Supp 0.02% 1,758 $15K Add +31.4%
TG Tredegar Corp. 0.02% 1,829 $14K New
CTGO Contango Silver & Gold Inc. 0.02% 1,354 $14K New
BOC Boston Omaha Corp. Class A 0.01% 860 $12K Add +35.2%
HQI Hirequest Inc. 0.01% 847 $12K Add +36.8%
SIF Sifco Industries 0.01% 2,992 $11K New
EML The Eastern Co. 0.01% 397 $11K Add +37.9%
GEG Great Elm Group Inc. 0.01% 5,322 $10K Reduce -98.2%
IIIV I3 Verticals Inc. Class A 0.01% 237 $5K New
UTMD Utah Medical Products Inc. 0.01% 87 $5K New
Other holdings (1): bonds, preferreds, convertibles and warrants · $135K (not counted above)
SecurityClassShares / PrincipalValueChange
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 115$135KNo change

Total filed on the 13F, all lines: $85.7M.

Portfolio Sells Q3 2024 → Q4 2024
CMP Compass Minerals Internation Reduce -63.5% 2.65% −2.55
OUT Outfront Media Inc. Reduce -57.0% 2.90% −1.78
PPLI People Inc. Reduce -39.2% 4.06% −1.53
SSP Ew Scripps Co./the-A Reduce -53.4% 3.28% −1.50
SCWX Secureworks Corp. Class A Reduce -82.1% 0.43% −1.26
ADM Archer-Daniels-Midland Co. Sold out 0.00% −1.23
RDVT Red Violet Inc. Reduce -79.2% 0.74% −1.12
MPAA Motorcar Parts of America Inc. Reduce -72.4% 0.65% −0.89
LGTY Logility Supply Chain Soluti Reduce -73.8% 0.56% −0.88
VSAT Viasat Inc. Reduce -27.6% 2.72% −0.81
CLMB Climb Global Solutions Inc. Reduce -66.9% 1.36% −0.80
HNRG Hallador Energy Co. Sold out 0.00% −0.72
DVN Devon Energy Corp. Sold out 0.00% −0.70
CNX CNX Resources Corp. Sold out 0.00% −0.70
TIPT Tiptree Inc. Reduce -52.9% 2.04% −0.69
DLHC DLH Holdings Corp. Sold out 0.00% −0.66
TFPM Triple Flag Precious Met Reduce -47.6% 1.36% −0.51
VMD Viemed Healthcare Inc. Reduce -54.1% 1.50% −0.50
PKE Park Aerospace Corp. Reduce -68.5% 0.54% −0.49
GEG Great Elm Group Inc. Reduce -98.2% 0.01% −0.42
WTM White Mountains Insurance GP Reduce -49.7% 2.42% −0.40
KBR KBR Inc. Reduce -45.9% 0.79% −0.31
NEU Newmarket Corp. Reduce -38.5% 2.18% −0.30
FUN Six Flags Entertainment Corp. Reduce -52.0% 0.78% −0.13
SNEX Stonex Group Inc. Reduce -45.6% 2.28% −0.07
PEP Pepsico Inc. Sold out 0.00% −0.05
AE Adams Resources & Energy Inc. Sold out 0.00% −0.01
RRX Regal Rexnord Corp. Sold out 0.00% −0.00
GLDD Great Lakes Dredge & Dock Co. Sold out 0.00% 0.00
LFCR Lifecore Biomedical Inc. Sold out 0.00% 0.00
LGF.B Lions Gate Entertainment-B Sold out 0.00% 0.00
AVD American Vanguard Corp. Reduce -21.0% 4.49% +0.13
GBLI Global Indemnity Group LLC-A Reduce -33.4% 1.88% +0.13
TBRG Trubridge Inc. Reduce -55.0% 1.88% +0.18
ENOV Enovis Corp. Reduce -23.4% 2.20% +0.31
INFU Infusystem Holdings Inc. Reduce -12.9% 1.91% +0.74
ECVT Ecovyst Inc. Reduce -24.1% 4.39% +0.91
AAP Advance Auto Parts Inc. Reduce -20.9% 4.30% +1.29
KMI Kinder Morgan Inc. Reduce -5.8% 3.35% +1.43
RSSS Research Solutions Inc. Reduce -32.3% 8.56% +2.98

Portfolio Buys Q3 2024 → Q4 2024
BTI British American Tob-SP ADR New 1.23% +1.23
CLAR Clarus Corp. Add +182.4% 1.57% +1.20
OXY Occidental Petroleum Corp. Add +55.8% 1.21% +0.67
CLVT Clarivate PLC Add +9.4% 4.30% +0.62
TG Tredegar Corp. New 0.02% +0.02
CTGO Contango Silver & Gold Inc. New 0.02% +0.02
SIF Sifco Industries New 0.01% +0.01
ANGI Angi Inc. Add +139.8% 0.02% +0.01
IA Innovative Solutions & Supp Add +31.4% 0.02% +0.01
HQI Hirequest Inc. Add +36.8% 0.01% +0.01
BOC Boston Omaha Corp. Class A Add +35.2% 0.01% +0.01
IIIV I3 Verticals Inc. Class A New 0.01% +0.01
UTMD Utah Medical Products Inc. New 0.01% +0.01
EML The Eastern Co. Add +37.9% 0.01% +0.01

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q3 2025 94$76.0MAVD, RSSS, FUN, VSAT, ECVT
Q2 2025 96$68.0MAVD, ECVT, RSSS, VSAT, SNEX
Q1 2025 97$63.5MAVD, ECVT, RSSS, PPLI, WBD
Q4 2024 93$85.5MRSSS, WBD, AVD, ECVT, CLVT
Q3 2024 98$127.6MPPLI, RSSS, CMP, SSP, OUT
Q2 2024 78$138.4MRSSS, SSP, VSAT, PPLI, ECVT
Q1 2024 70$315.9MPPLI, ECVT, WTM, SSP, VSAT