Cove Street Capital, LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Cove Street Capital, LLC reported 97 stock positions worth $63.5 million. Its top holding was American Vanguard (AVD) at 7.8% of the portfolio, followed by Ecovyst (ECVT, 6.2%) and Research Solutions (RSSS, 5.5%). Compared with Q4 2024, it opened 13 new positions, sold out of 9, added to 5 and reduced 36. The biggest buy was American Vanguard (AVD, shares +35%) and the biggest sale Research Solutions (RSSS, shares −24%).

Most Recent 13F
Q3 2025
Location
El Segundo, CA
CIK
0001531612
Portfolio Value
$63.5M (Q1 2025)
SEC Filing
0001531612-25-000007 ↗ filed May 15, 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 Q4 2024 Q1 2025: $63.5M $63.5M Q1 2025 Q2 2025: $68.0M Q2 2025 Q3 2025: $76.0M Q3 2025

Holdings 97 stocks · $63.5M
AVD American Vanguard Corp. 7.75% 1,119,539 $4.9M Add +35.0%
ECVT Ecovyst Inc. 6.23% 638,149 $4.0M Add +29.8%
RSSS Research Solutions Inc. 5.51% 1,345,318 $3.5M Reduce -23.8%
PPLI People Inc. filed as IAC INC 5.16% 71,425 $3.3M Reduce -11.3%
WBD Warner Bros Discovery Inc. 4.40% 260,805 $2.8M Reduce -28.9%
AAP Advance Auto Parts Inc. 3.36% 54,436 $2.1M Reduce -30.1%
SSP Ew Scripps Co./the-A filed as SCRIPPS E W CO OHIO 3.29% 705,418 $2.1M Reduce -44.2%
VSAT Viasat Inc. 3.24% 197,405 $2.1M Reduce -27.8%
SNEX Stonex Group Inc. 3.21% 26,673 $2.0M Reduce -10.7%
TIPT Tiptree Inc. 2.77% 72,988 $1.8M Reduce -12.9%
WEX Wex Inc. 2.71% 10,968 $1.7M New
KMI Kinder Morgan Inc. 2.69% 59,920 $1.7M Reduce -42.7%
BRK.B Berkshire Hathaway Inc. Class B 2.51% 2,993 $1.6M Reduce -23.9%
FMC FMC Corp. 2.38% 35,878 $1.5M Add +38.8%
NEU Newmarket Corp. 2.27% 2,550 $1.4M Reduce -27.8%
CLVT Clarivate PLC 2.14% 345,588 $1.4M Reduce -52.3%
TFPM Triple Flag Precious Met 2.10% 69,812 $1.3M Reduce -9.5%
ENOV Enovis Corp. 2.01% 33,372 $1.3M Reduce -22.2%
CMP Compass Minerals Internation 1.97% 134,996 $1.3M Reduce -33.0%
SCHW Schwab (charles) Corp. 1.93% 15,668 $1.2M Reduce -47.5%
GBLI Global Indemnity Group LLC-A 1.92% 35,443 $1.2M Reduce -20.4%
INFU Infusystem Holdings Inc. 1.78% 210,301 $1.1M Add +8.7%
ANIK Anika Therapeutics Inc. 1.77% 74,902 $1.1M New
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 1.76% 13,343 $1.1M Reduce -46.5%
VMD Viemed Healthcare Inc. 1.62% 141,641 $1.0M Reduce -11.6%
CLAR Clarus Corp. 1.60% 270,337 $1.0M Reduce -9.1%
WFC Wells Fargo & Co. 1.58% 14,020 $1.0M Reduce -36.7%
WTM White Mountains Insurance GP 1.49% 491 $946K Reduce -54.0%
CLMB Climb Global Solutions Inc. 1.43% 8,209 $909K Reduce -10.4%
MTBA Simplify MBS ETF 1.15% 14,600 $732K No change
OXY Occidental Petroleum Corp. 1.04% 13,345 $659K Reduce -36.4%
BTI British American Tob-SP ADR 0.91% 13,921 $576K Reduce -51.9%
NABL N-Able Inc. 0.73% 65,139 $462K New
NVRI Enviri Corp. 0.72% 68,923 $458K New
VTS Vitesse Energy Inc. 0.67% 17,400 $428K Reduce -13.6%
FUN Six Flags Entertainment Corp. 0.65% 11,662 $416K Reduce -15.5%
ATRO Astronics Corp. 0.63% 16,555 $400K New
IDV iShares International Select 0.60% 12,265 $380K New
SPAB SS SPDR P Agg Bond ETF 0.57% 14,100 $360K No change
AVNS Avanos Medical Inc. 0.50% 22,196 $318K New
RDVT Red Violet Inc. 0.49% 8,303 $312K Reduce -52.1%
PKE Park Aerospace Corp. 0.48% 22,703 $305K Reduce -28.4%
KBR KBR Inc. 0.45% 5,800 $289K Reduce -50.4%
AAPL Apple Inc. 0.42% 1,200 $267K Reduce -17.2%
CTO Cto Realty Growth Inc. filed as CTO RLTY GROWTH INC NEW 0.39% 12,704 $245K Reduce -5.2%
SGU Star Group LP 0.38% 18,500 $244K No change
GOOGL Alphabet Inc. Class A 0.37% 1,500 $232K No change
MSFT Microsoft Corp. 0.35% 600 $225K Reduce -11.8%
ABBV Abbvie Inc. 0.33% 1,000 $210K No change
AMZN Amazon.com Inc. 0.32% 1,060 $202K No change
AVGO Broadcom Inc. 0.32% 1,200 $201K Reduce -14.3%
CTAS Cintas Corp. 0.30% 940 $193K No change
CVX Chevron Corp. 0.26% 1,000 $167K No change
GBDC Golub Capital BDC Inc. 0.26% 10,833 $164K No change
DMF BNYM Municipal Income filed as BNY MELLON MUN INCOME INC 0.25% 22,318 $160K No change
PM Philip Morris International 0.25% 1,000 $159K Reduce -9.1%
JAAA Janus Henderson Aaa Clo ETF 0.22% 2,700 $137K No change
ISRG Intuitive Surgical Inc. 0.21% 270 $134K No change
ABT Abbott Laboratories 0.21% 1,000 $133K No change
MPC Marathon Petroleum Corp. 0.20% 855 $125K No change
WSO Watsco Inc. 0.19% 240 $122K No change
FLOT iShares Floating Rate Bond E 0.18% 2,200 $112K No change
PFF iShares Preferred & Income S 0.17% 3,500 $108K No change
ROP Roper Technologies Inc. 0.15% 165 $97K No change
V Visa Inc. Class A 0.15% 275 $96K No change
PGR Progressive Corp. 0.14% 315 $89K No change
TMO Thermo Fisher Scientific Inc. 0.14% 175 $87K No change
HD Home Depot Inc. 0.13% 220 $81K No change
CB Chubb Ltd. 0.12% 260 $79K No change
IDXX Idexx Laboratories Inc. 0.12% 180 $76K No change
CHD Church & Dwight Co. Inc. 0.11% 650 $72K No change
ETN Eaton Corp. PLC 0.11% 260 $71K No change
RFIX Simplify Bond Bull ETF 0.11% 1,301 $70K New
DHR Danaher Corp. 0.10% 315 $65K No change
GECC Great Elm Capital Corp. 0.10% 6,100 $62K No change
TER Teradyne Inc. 0.09% 720 $59K No change
PLD Prologis Inc. 0.09% 505 $56K No change
LMT Lockheed Martin Corp. 0.09% 125 $56K No change
ARLP Alliance Resource Partners 0.09% 2,000 $55K No change
XOM Exxon Mobil Corp. 0.08% 453 $54K No change
ZBRA Zebra Technologies Corp. Class A 0.08% 180 $51K No change
UNH Unitedhealth Group Inc. 0.07% 90 $47K No change
TG Tredegar Corp. 0.02% 1,829 $14K No change
IA Innovative Solutions & Supp 0.02% 2,114 $13K Add +20.3%
BOC Boston Omaha Corp. Class A 0.02% 860 $13K No change
HQI Hirequest Inc. 0.02% 847 $10K No change
GEG Great Elm Group Inc. 0.02% 5,322 $10K No change
EML The Eastern Co. 0.02% 397 $10K No change
SIF Sifco Industries 0.01% 2,992 $8K No change
BRN Barnwell Industries Inc. 0.01% 3,822 $6K New
IIIV I3 Verticals Inc. Class A 0.01% 237 $6K No change
POCI Precision Optics Corp. Inc. 0.01% 1,254 $5K New
UTMD Utah Medical Products Inc. 0.01% 87 $5K No change
CCO Clear Channel Outdoor Holdin 0.01% 4,144 $5K New
OUT Outfront Media Inc. 0.00% 22 $387 Reduce -100.0%
RRX Regal Rexnord Corp. 0.00% 1 $114 New
LGF.B Lions Gate Entertainment-B 0.00% 1 $8 New
Other holdings (1): bonds, preferreds, convertibles and warrants · $137K (not counted above)
SecurityClassShares / PrincipalValueChange
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 115$137KNo change

Total filed on the 13F, all lines: $63.7M.

Portfolio Sells Q4 2024 → Q1 2025
RSSS Research Solutions Inc. Reduce -23.8% 5.51% −3.05
OUT Outfront Media Inc. Reduce -100.0% 0.00% −2.90
FNV Franco-Nevada Corp. Sold out 0.00% −2.35
CLVT Clarivate PLC Reduce -52.3% 2.14% −2.17
TBRG Trubridge Inc. Sold out 0.00% −1.88
AAP Advance Auto Parts Inc. Reduce -30.1% 3.36% −0.94
WTM White Mountains Insurance GP Reduce -54.0% 1.49% −0.94
CMP Compass Minerals Internation Reduce -33.0% 1.97% −0.68
KMI Kinder Morgan Inc. Reduce -42.7% 2.69% −0.66
MPAA Motorcar Parts of America Inc. Sold out 0.00% −0.65
SCHW Schwab (charles) Corp. Reduce -47.5% 1.93% −0.65
LGTY Logility Supply Chain Soluti Sold out 0.00% −0.56
BNY Bank of New York Mellon Corp. Reduce -46.5% 1.76% −0.48
SCWX Secureworks Corp. Class A Sold out 0.00% −0.43
TRIP Tripadvisor Inc. Sold out 0.00% −0.41
KBR KBR Inc. Reduce -50.4% 0.45% −0.34
BTI British American Tob-SP ADR Reduce -51.9% 0.91% −0.32
RDVT Red Violet Inc. Reduce -52.1% 0.49% −0.24
WFC Wells Fargo & Co. Reduce -36.7% 1.58% −0.24
ENOV Enovis Corp. Reduce -22.2% 2.01% −0.19
OXY Occidental Petroleum Corp. Reduce -36.4% 1.04% −0.17
WBD Warner Bros Discovery Inc. Reduce -28.9% 4.40% −0.13
FUN Six Flags Entertainment Corp. Reduce -15.5% 0.65% −0.12
ADBE Adobe Inc. Sold out 0.00% −0.11
AVGO Broadcom Inc. Reduce -14.3% 0.32% −0.06
PKE Park Aerospace Corp. Reduce -28.4% 0.48% −0.06
ANGI Angi Inc. Sold out 0.00% −0.02
CTGO Contango Silver & Gold Inc. Sold out 0.00% −0.02
AAPL Apple Inc. Reduce -17.2% 0.42% −0.01
SSP Ew Scripps Co./the-A Reduce -44.2% 3.29% +0.01
MSFT Microsoft Corp. Reduce -11.8% 0.35% +0.02
CLAR Clarus Corp. Reduce -9.1% 1.60% +0.03
GBLI Global Indemnity Group LLC-A Reduce -20.4% 1.92% +0.05
CLMB Climb Global Solutions Inc. Reduce -10.4% 1.43% +0.07
CTO Cto Realty Growth Inc. Reduce -5.2% 0.39% +0.08
VTS Vitesse Energy Inc. Reduce -13.6% 0.67% +0.08
NEU Newmarket Corp. Reduce -27.8% 2.27% +0.09
PM Philip Morris International Reduce -9.1% 0.25% +0.10
VMD Viemed Healthcare Inc. Reduce -11.6% 1.62% +0.12
BRK.B Berkshire Hathaway Inc. Class B Reduce -23.9% 2.51% +0.42
VSAT Viasat Inc. Reduce -27.8% 3.24% +0.52
TIPT Tiptree Inc. Reduce -12.9% 2.77% +0.73
TFPM Triple Flag Precious Met Reduce -9.5% 2.10% +0.75
SNEX Stonex Group Inc. Reduce -10.7% 3.21% +0.93
PPLI People Inc. Reduce -11.3% 5.16% +1.10

Portfolio Buys Q4 2024 → Q1 2025
AVD American Vanguard Corp. Add +35.0% 7.75% +3.27
WEX Wex Inc. New 2.71% +2.71
ECVT Ecovyst Inc. Add +29.8% 6.23% +1.84
ANIK Anika Therapeutics Inc. New 1.77% +1.77
FMC FMC Corp. Add +38.8% 2.38% +0.91
NABL N-Able Inc. New 0.73% +0.73
NVRI Enviri Corp. New 0.72% +0.72
ATRO Astronics Corp. New 0.63% +0.63
IDV iShares International Select New 0.60% +0.60
AVNS Avanos Medical Inc. New 0.50% +0.50
RFIX Simplify Bond Bull ETF New 0.11% +0.11
BRN Barnwell Industries Inc. New 0.01% +0.01
POCI Precision Optics Corp. Inc. New 0.01% +0.01
CCO Clear Channel Outdoor Holdin New 0.01% +0.01
IA Innovative Solutions & Supp Add +20.3% 0.02% +0.00
RRX Regal Rexnord Corp. New 0.00% +0.00
LGF.B Lions Gate Entertainment-B New 0.00% 0.00
INFU Infusystem Holdings Inc. Add +8.7% 1.78% −0.13

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