Cove Street Capital, LLC

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Cove Street Capital, LLC reported 96 stock positions worth $68.0 million. Its top holding was American Vanguard (AVD) at 7.2% of the portfolio, followed by Ecovyst (ECVT, 6.9%) and Research Solutions (RSSS, 5.6%). Compared with Q1 2025, it opened 9 new positions, sold out of 10, added to 11 and reduced 33. The biggest buy was Outfront Media (OUT, shares +504791%) and the biggest sale People (PPLI, shares −35%).

Most Recent 13F
Q3 2025
Location
El Segundo, CA
CIK
0001531612
Portfolio Value
$68.0M (Q2 2025)
SEC Filing
0001531612-25-000013 ↗ filed Aug 14, 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 Q1 2025 Q2 2025: $68.0M $68.0M Q2 2025 Q3 2025: $76.0M Q3 2025

Holdings 96 stocks · $68.0M
AVD American Vanguard Corp. 7.19% 1,248,283 $4.9M Add +11.5%
ECVT Ecovyst Inc. 6.89% 569,674 $4.7M Reduce -10.7%
RSSS Research Solutions Inc. 5.64% 1,336,703 $3.8M Reduce -0.6%
VSAT Viasat Inc. 5.55% 258,785 $3.8M Add +31.1%
SNEX Stonex Group Inc. 3.45% 25,760 $2.3M Reduce -3.4%
WBD Warner Bros Discovery Inc. 3.25% 192,596 $2.2M Reduce -26.1%
WEX Wex Inc. 2.78% 12,869 $1.9M Add +17.3%
SSP Ew Scripps Co./the-A filed as SCRIPPS E W CO OHIO 2.74% 631,682 $1.9M Reduce -10.4%
OUT Outfront Media Inc. 2.67% 111,076 $1.8M Add +504790.9%
KMI Kinder Morgan Inc. 2.59% 59,920 $1.8M No change
AAP Advance Auto Parts Inc. 2.57% 37,594 $1.7M Reduce -30.9%
PPLI People Inc. filed as IAC INC 2.57% 46,786 $1.7M Reduce -34.5%
NEU Newmarket Corp. 2.56% 2,522 $1.7M Reduce -1.1%
CLMB Climb Global Solutions Inc. 2.46% 15,624 $1.7M Add +90.3%
IIIV I3 Verticals Inc. Class A 2.36% 58,362 $1.6M Add +24525.3%
ANGI Angi Inc. 2.28% 101,739 $1.6M New
FMC FMC Corp. 2.18% 35,587 $1.5M Reduce -0.8%
INFU Infusystem Holdings Inc. 2.13% 232,295 $1.4M Add +10.5%
CMP Compass Minerals Internation 2.11% 71,527 $1.4M Reduce -47.0%
SCHW Schwab (charles) Corp. 2.10% 15,668 $1.4M No change
ENOV Enovis Corp. 2.05% 44,442 $1.4M Add +33.2%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 1.79% 13,343 $1.2M No change
CCO Clear Channel Outdoor Holdin 1.77% 1,027,116 $1.2M Add +24685.6%
TFPM Triple Flag Precious Met 1.73% 49,800 $1.2M Reduce -28.7%
WFC Wells Fargo & Co. 1.65% 14,020 $1.1M No change
BRK.B Berkshire Hathaway Inc. Class B 1.63% 2,280 $1.1M Reduce -23.8%
VMD Viemed Healthcare Inc. 1.42% 139,621 $965K Reduce -1.4%
CLAR Clarus Corp. 1.37% 267,829 $929K Reduce -0.9%
WTM White Mountains Insurance GP 1.25% 474 $851K Reduce -3.5%
ANIK Anika Therapeutics Inc. 1.15% 74,099 $784K Reduce -1.1%
MTBA Simplify MBS ETF 1.08% 14,600 $731K No change
BTI British American Tob-SP ADR 0.97% 13,921 $659K No change
TIPT Tiptree Inc. 0.84% 24,315 $573K Reduce -66.7%
OXY Occidental Petroleum Corp. 0.82% 13,345 $561K No change
GBLI Global Indemnity Group LLC-A 0.82% 17,746 $557K Reduce -49.9%
NABL N-Able Inc. 0.77% 64,283 $521K Reduce -1.3%
MINO PIMCO Municipal Income Oppor 0.74% 11,427 $505K New
IZEA Izea Worldwide Inc. 0.66% 177,084 $446K New
IDV iShares International Select 0.62% 12,265 $423K No change
RDVT Red Violet Inc. 0.57% 7,885 $388K Reduce -5.0%
SPAB SS SPDR P Agg Bond ETF 0.53% 14,100 $361K No change
FUN Six Flags Entertainment Corp. 0.50% 11,285 $343K Reduce -3.2%
AVGO Broadcom Inc. 0.49% 1,200 $331K No change
PKE Park Aerospace Corp. 0.47% 21,613 $319K Reduce -4.8%
VGIT Vanguard Intermediate-Term T 0.44% 5,000 $299K New
MSFT Microsoft Corp. 0.44% 600 $298K No change
USB US Bancorp 0.41% 6,202 $281K New
KBR KBR Inc. 0.41% 5,800 $278K No change
GOOGL Alphabet Inc. Class A 0.39% 1,500 $264K No change
AVNS Avanos Medical Inc. 0.38% 21,118 $258K Reduce -4.9%
AAPL Apple Inc. 0.36% 1,200 $246K No change
AMZN Amazon.com Inc. 0.34% 1,060 $233K No change
CTAS Cintas Corp. 0.31% 940 $209K No change
SGU Star Group LP 0.30% 17,500 $205K Reduce -5.4%
FLOT iShares Floating Rate Bond E 0.29% 3,901 $199K Add +77.3%
PM Philip Morris International 0.27% 1,000 $182K No change
ABBV Abbvie Inc. 0.22% 800 $148K Reduce -20.0%
ISRG Intuitive Surgical Inc. 0.22% 270 $147K No change
MPC Marathon Petroleum Corp. 0.21% 855 $142K No change
VTS Vitesse Energy Inc. 0.19% 5,900 $130K Reduce -66.1%
CVX Chevron Corp. 0.17% 800 $115K Reduce -20.0%
ABT Abbott Laboratories 0.16% 800 $109K Reduce -20.0%
PFF iShares Preferred & Income S 0.16% 3,500 $107K No change
WSO Watsco Inc. 0.16% 240 $106K No change
V Visa Inc. Class A 0.14% 275 $98K No change
IDXX Idexx Laboratories Inc. 0.14% 180 $97K No change
JAAA Janus Henderson Aaa Clo ETF 0.14% 1,900 $96K Reduce -29.6%
ROP Roper Technologies Inc. 0.14% 165 $94K No change
ETN Eaton Corp. PLC 0.14% 260 $93K No change
PGR Progressive Corp. 0.12% 315 $84K No change
HD Home Depot Inc. 0.12% 220 $81K No change
CB Chubb Ltd. 0.11% 260 $75K No change
CTO Cto Realty Growth Inc. filed as CTO RLTY GROWTH INC NEW 0.11% 4,199 $72K Reduce -67.0%
TMO Thermo Fisher Scientific Inc. 0.10% 175 $71K No change
GECC Great Elm Capital Corp. 0.10% 6,100 $65K No change
TER Teradyne Inc. 0.10% 720 $65K No change
RFIX Simplify Bond Bull ETF 0.09% 1,301 $63K No change
CHD Church & Dwight Co. Inc. 0.09% 650 $62K No change
DHR Danaher Corp. 0.09% 315 $62K No change
LMT Lockheed Martin Corp. 0.09% 125 $58K No change
ZBRA Zebra Technologies Corp. Class A 0.08% 180 $56K No change
NRC NRC Health filed as NATIONAL RESH CORP 0.08% 3,228 $54K New
PLD Prologis Inc. 0.08% 505 $53K No change
ARLP Alliance Resource Partners 0.08% 2,000 $52K No change
XOM Exxon Mobil Corp. 0.07% 453 $49K No change
CLVT Clarivate PLC 0.07% 10,837 $47K Reduce -96.9%
SIF Sifco Industries 0.03% 4,660 $17K Add +55.8%
TG Tredegar Corp. 0.02% 1,829 $16K No change
MGPI MGP Ingredients Inc. 0.02% 415 $12K New
BOC Boston Omaha Corp. Class A 0.02% 860 $12K No change
IA Innovative Solutions & Supp 0.02% 867 $12K Reduce -59.0%
NVRI Enviri Corp. 0.01% 749 $7K Reduce -98.9%
POCI Precision Optics Corp. Inc. 0.01% 1,254 $6K No change
GDEN Golden Entertainment Inc. 0.01% 198 $6K New
UTMD Utah Medical Products Inc. 0.01% 87 $5K No change
RHLD Resolute Holdings Manag 0.01% 151 $5K New
Other holdings (1): bonds, preferreds, convertibles and warrants · $134K (not counted above)
SecurityClassShares / PrincipalValueChange
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 115$134KNo change

Total filed on the 13F, all lines: $68.2M.

Portfolio Sells Q1 2025 → Q2 2025
PPLI People Inc. Reduce -34.5% 2.57% −2.60
CLVT Clarivate PLC Reduce -96.9% 0.07% −2.07
TIPT Tiptree Inc. Reduce -66.7% 0.84% −1.92
WBD Warner Bros Discovery Inc. Reduce -26.1% 3.25% −1.15
GBLI Global Indemnity Group LLC-A Reduce -49.9% 0.82% −1.10
BRK.B Berkshire Hathaway Inc. Class B Reduce -23.8% 1.63% −0.88
AAP Advance Auto Parts Inc. Reduce -30.9% 2.57% −0.79
NVRI Enviri Corp. Reduce -98.9% 0.01% −0.71
ATRO Astronics Corp. Sold out 0.00% −0.63
ANIK Anika Therapeutics Inc. Reduce -1.1% 1.15% −0.62
SSP Ew Scripps Co./the-A Reduce -10.4% 2.74% −0.54
VTS Vitesse Energy Inc. Reduce -66.1% 0.19% −0.48
TFPM Triple Flag Precious Met Reduce -28.7% 1.73% −0.37
CTO Cto Realty Growth Inc. Reduce -67.0% 0.11% −0.28
GBDC Golub Capital BDC Inc. Sold out 0.00% −0.26
DMF BNYM Municipal Income Sold out 0.00% −0.25
WTM White Mountains Insurance GP Reduce -3.5% 1.25% −0.24
CLAR Clarus Corp. Reduce -0.9% 1.37% −0.23
VMD Viemed Healthcare Inc. Reduce -1.4% 1.42% −0.20
FMC FMC Corp. Reduce -0.8% 2.18% −0.20
FUN Six Flags Entertainment Corp. Reduce -3.2% 0.50% −0.15
AVNS Avanos Medical Inc. Reduce -4.9% 0.38% −0.12
ABBV Abbvie Inc. Reduce -20.0% 0.22% −0.11
CVX Chevron Corp. Reduce -20.0% 0.17% −0.09
SGU Star Group LP Reduce -5.4% 0.30% −0.08
UNH Unitedhealth Group Inc. Sold out 0.00% −0.07
JAAA Janus Henderson Aaa Clo ETF Reduce -29.6% 0.14% −0.07
ABT Abbott Laboratories Reduce -20.0% 0.16% −0.05
HQI Hirequest Inc. Sold out 0.00% −0.02
EML The Eastern Co. Sold out 0.00% −0.02
GEG Great Elm Group Inc. Sold out 0.00% −0.02
PKE Park Aerospace Corp. Reduce -4.8% 0.47% −0.01
BRN Barnwell Industries Inc. Sold out 0.00% −0.01
IA Innovative Solutions & Supp Reduce -59.0% 0.02% −0.00
RRX Regal Rexnord Corp. Sold out 0.00% −0.00
LGF.B Lions Gate Entertainment-B Sold out 0.00% 0.00
NABL N-Able Inc. Reduce -1.3% 0.77% +0.04
RDVT Red Violet Inc. Reduce -5.0% 0.57% +0.08
RSSS Research Solutions Inc. Reduce -0.6% 5.64% +0.13
CMP Compass Minerals Internation Reduce -47.0% 2.11% +0.14
SNEX Stonex Group Inc. Reduce -3.4% 3.45% +0.24
NEU Newmarket Corp. Reduce -1.1% 2.56% +0.29
ECVT Ecovyst Inc. Reduce -10.7% 6.89% +0.66

Portfolio Buys Q1 2025 → Q2 2025
OUT Outfront Media Inc. Add +504790.9% 2.67% +2.66
IIIV I3 Verticals Inc. Class A Add +24525.3% 2.36% +2.35
VSAT Viasat Inc. Add +31.1% 5.55% +2.32
ANGI Angi Inc. New 2.28% +2.28
CCO Clear Channel Outdoor Holdin Add +24685.6% 1.77% +1.76
CLMB Climb Global Solutions Inc. Add +90.3% 2.46% +1.02
MINO PIMCO Municipal Income Oppor New 0.74% +0.74
IZEA Izea Worldwide Inc. New 0.66% +0.66
VGIT Vanguard Intermediate-Term T New 0.44% +0.44
USB US Bancorp New 0.41% +0.41
INFU Infusystem Holdings Inc. Add +10.5% 2.13% +0.35
FLOT iShares Floating Rate Bond E Add +77.3% 0.29% +0.12
NRC NRC Health New 0.08% +0.08
WEX Wex Inc. Add +17.3% 2.78% +0.07
ENOV Enovis Corp. Add +33.2% 2.05% +0.04
MGPI MGP Ingredients Inc. New 0.02% +0.02
SIF Sifco Industries Add +55.8% 0.03% +0.01
GDEN Golden Entertainment Inc. New 0.01% +0.01
RHLD Resolute Holdings Manag New 0.01% +0.01
AVD American Vanguard Corp. Add +11.5% 7.19% −0.56

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