CIK: 0001531612
Total reported value
$76.6M
Reporting period: 2025-09-30 · Number of holdings: 96
Cove Street Capital, LLC disclosed 96 holdings in its latest 13F filing for the period ending 2025-09-30, with total reported value of $76.6M and a quarterly turnover rate of 60.3%.
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Cove Street Capital, LLC's disclosed holdings carry a Herfindahl concentration index of 0.036 — mathematically equivalent to about 28 equally-sized positions, well below its 96 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.57), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 11% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Add FUN
+1711.4% $4.2M
Add CCO
+59.9% $2.6M
Add AVD
+12.1% $3.1M
Trim WBD
-64.7% -$1.5M
Trim PPLI
+20.3% -$1.4M
Trim ECVT
-44.9% -$1.2M
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | AVD | American Vanguard CORP | Stock-Other | 10.49% | +2.75% | +12.07% | |
| 2 | RSSS | Research Solutions INC | Stock-Other | 6.51% | +1.02% | -0.08% | |
| 3 | FUN | Six Flags Entertainment CORP | Stock-Other | 6.07% | +5.42% | +1711.38% | |
| 4 | VSAT | Viasat INC | Stock-Tech | 4.55% | +1.32% | -54.04% | |
| 5 | ECVT | Ecovyst INC | Stock-Other | 3.59% | -2.62% | -44.93% | |
| 6 | SNEX | Stonex Group INC | Stock-Financials | 3.44% | +0.24% | +1.26% | |
| 7 | CCO | Clear Channel Outdoor Holdin | Stock-Other | 3.39% | +3.38% | +59.92% | |
| 8 | CLMB | Climb Global Solutions INC | Stock-Other | 3.32% | +1.89% | +20.74% | |
| 9 | AAP | Advance Auto Parts INC | Stock-Consumer Disc | 2.97% | -0.38% | -1.60% | |
| 10 | NEU | Newmarket CORP | Stock-Materials | 2.79% | +0.52% | +2.38% | |
| 11 | OUT | Outfront Media INC | Stock-Other | 2.70% | +2.70% | NEW | |
| 12 | WEX | Wex INC | Stock-Tech | 2.64% | -0.06% | -0.14% | |
| 13 | IIIV | I3 Verticals Inc-class A | Stock-Other | 2.55% | +2.54% | +3.19% | |
| 14 | PPLI | People INC | Stock-Comm Services | 2.50% | -2.65% | +20.27% | |
| 15 | WTM | White Mountains Insurance Group, Ltd. | Stock-Financials | 2.36% | +0.87% | +128.48% | |
| 16 | CLVT | Clarivate Plc | Stock-Other | 2.26% | +0.13% | +4075.16% | |
| 17 | KMI | Kinder Morgan INC | Stock-Energy | 2.08% | — | -6.34% | |
| 18 | VMD | Viemed Healthcare INC | Stock-Other | 1.95% | +0.33% | +57.46% | |
| 19 | SCHW | Schwab (charles) CORP | Stock-Financials | 1.92% | -0.01% | -1.56% | |
| 20 | TFPM | Triple Flag Precious Met | Stock-Materials | 1.90% | — | -0.18% | |
| 21 | BNY | Bank Of New York Mellon CORP | Stock-Financials | 1.88% | +0.12% | -0.75% | |
| 22 | CMP | Compass Minerals Internation | Stock-Other | 1.79% | — | -0.15% | |
| 23 | ENOV | Enovis CORP | Stock-Other | 1.76% | — | — | |
| 24 | WBD | Warner Bros Discovery INC | Stock-Comm Services | 1.74% | -2.65% | -64.68% | |
| 25 | AVNS | Avanos Medical INC | Stock-Other | 1.69% | +1.19% | +430.74% | |
| 26 | WFC | Wells Fargo & Co | Stock-Financials | 1.54% | -0.04% | — | |
| 27 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 1.50% | -1.00% | — | |
| 28 | ANIK | Anika Therapeutics INC | Stock-Other | 1.25% | -0.52% | +37.59% | |
| 29 | SSP | Ew Scripps Co/the-a | Stock-Other | 1.15% | -2.13% | -43.57% | |
| 30 | MTBA | Simplify Mbs ETF | ETF-Other | 1.00% | — | +4.14% | |
| 31 | IZEA | Izea Worldwide INC | Stock-Other | 0.88% | +0.88% | NEW | |
| 32 | BTI | British American Tob-sp Adr | Stock-Consumer Staples | 0.85% | — | -12.21% | |
| 33 | MINO | Pimco Municipal Income Oppor | ETF-Other | 0.81% | +0.81% | NEW | |
| 34 | GBLI | Global Indemnity Group Llc-a | Stock-Other | 0.71% | -1.21% | +5.64% | |
| 35 | CABO 1.125 03-15-28 | Cable One INC | Stock-Comm Services | 0.56% | +0.56% | NEW | |
| 36 | NRC | Nrc Health | Stock-Other | 0.54% | +0.54% | NEW | |
| 37 | IDV | Ishares International Select | ETF-Other | 0.54% | — | -8.19% | |
| 38 | AVGO | Broadcom INC | Stock-Tech | 0.52% | +0.20% | — | |
| 39 | RDVT | Red Violet INC | Stock-Other | 0.50% | — | -6.98% | |
| 40 | CDX | Simplify High Yield ETF | ETF-High Yield | 0.50% | +0.50% | NEW | |
| 41 | PKE | Park Aerospace CORP | Stock-Other | 0.49% | — | -14.43% | |
| 42 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.48% | +0.12% | — | |
| 43 | SPAB | Ss Spdr P Agg Bond ETF | ETF-Other | 0.48% | — | — | |
| 44 | FLOT | Ishares Floating Rate Bond E | ETF-Other | 0.41% | +0.23% | +56.34% | |
| 45 | MSFT | Microsoft CORP | Stock-Tech | 0.41% | — | — | |
| 46 | AAPL | Apple INC | Stock-Tech | 0.40% | — | — | |
| 47 | SGU | Star Group LP | Stock-Other | 0.40% | — | +46.29% | |
| 48 | VGIT | Vanguard Intermediate-term T | ETF-Other | 0.39% | +0.39% | NEW | |
| 49 | AMZN | Amazon.com INC | Stock-Consumer Disc | 0.30% | — | — | |
| 50 | VTS | Vitesse Energy INC | Stock-Other | 0.27% | -0.40% | +50.85% |
Performance for Q3 2026
+2.3%
Performance Last 4 Quarters
+31.6%
Based on 79% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2025-09-30 | 96 | $76.6M | 60 | |
| 2025-06-30 | 97 | $68.2M | 0 | |
| 2025-03-31 | 98 | $63.7M | 100 | |
| 2024-12-31 | 94 | $85.7M | 0 | |
| 2024-09-30 | 99 | $127.7M | 0 | |
| 2024-06-30 | 84 | $139.3M | 0 | |
| 2024-03-31 | 105 | $316.0M | 0 | |
| 2023-12-31 | 103 | $326.9M | 0 | |
| 2023-09-30 | 113 | $295.7M | 0 | |
| 2023-06-30 | 113 | $322.3M | 0 | |
| 2023-03-31 | 116 | $335.4M | 0 | |
| 2022-12-31 | 113 | $366.7M | 0 | |
| 2022-09-30 | 112 | $357.9M | 0 | |
| 2022-06-30 | 118 | $396.5M | 0 | |
| 2022-03-31 | 122 | $565.3M | 0 | |
| 2021-12-31 | 126 | $570.7M | 0 | |
| 2021-09-30 | 125 | $673.9M | 0 | |
| 2021-06-30 | 123 | $690.9M | 100 | 192552v273943t320451n |
| 2021-03-31 | 120 | $697.6M | 42 | 192552v220451n3l6388f |
| 2020-12-31 | 114 | $565.3M | 37 | 192552v220451n3l6388f |
| 2020-09-30 | 111 | $528.3M | 43 | 120451n292552v3l6388f |
| 2020-06-30 | 112 | $505.3M | 29 | 192552v220451n355608b |
| 2020-03-31 | 135 | $488.1M | 68 | 120451n292552v3l6388f |
| 2019-12-31 | 135 | $756.3M | 22 | |
| 2019-09-30 | 128 | $715.2M | 30 | |
| 2019-06-30 | 129 | $775.1M | 90 | 1l6388f220451n392552v |
| 2019-03-31 | 128 | $817.1M | 20 | |
| 2018-12-31 | 130 | $772.9M | 33 | |
| 2018-09-30 | 133 | $948.2M | 18 | |
| 2018-06-30 | 137 | $918.8M | 26 | |
| 2018-03-31 | 140 | $907.3M | 38 | |
| 2017-12-31 | 141 | $926.8M | 26 | |
| 2017-09-30 | 142 | $896.4M | 28 | |
| 2017-06-30 | 124 | $824.7M | 36 | |
| 2017-03-31 | 121 | $946.5M | 25 | |
| 2016-12-31 | 129 | $957.3M | 31 | |
| 2016-09-30 | 131 | $927.6M | 34 | |
| 2016-06-30 | 140 | $905.2M | 53 | |
| 2016-03-31 | 103 | $765.9M | 30 | |
| 2015-12-31 | 110 | $759.5M | 23 | |
| 2015-09-30 | 112 | $754.5M | 47 | |
| 2015-06-30 | 108 | $829.8M | 36 | |
| 2015-03-31 | 114 | $762.5M | 52 | |
| 2014-12-31 | 110 | $671.0M | 42 | |
| 2014-09-30 | 92 | $641.7M | 35 | |
| 2014-06-30 | 71 | $617.8M | 61 | |
| 2014-03-31 | 66 | $532.1M | 21 | |
| 2013-12-31 | 71 | $538.6M | 49 | |
| 2013-09-30 | 68 | $491.8M | 28 | |
| 2013-06-30 | 69 | $455.2M | 0 |
Cove Street Capital, LLC's most significant position changes for 2025-09-30: New buy: Outfront Media INC (OUT); Sold out: Tiptree INC (TIPT); Sold out: Fmc CORP (FMC); Sold out: Infusystem Holdings INC (INFU); New buy: Izea Worldwide INC (IZEA).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | FUN | Six Flags Entertainment CORP | +5.4% | +1711.38% | Add |
| 2 | CCO | Clear Channel Outdoor Holdin | +3.4% | +59.92% | Add |
| 3 | AVD | American Vanguard CORP | +2.8% | +12.07% | Add |
| 4 | IIIV | I3 Verticals Inc-class A | +2.5% | +3.19% | Add |
| 5 | CLMB | Climb Global Solutions INC | +1.9% | +20.74% | Add |
| 6 | VSAT | Viasat INC | +1.3% | -54.04% | Trim |
| 7 | AVNS | Avanos Medical INC | +1.2% | +430.74% | Add |
| 8 | RSSS | Research Solutions INC | +1% | -0.08% | Trim |
| 9 | WTM | White Mountains Insurance Group, Ltd. | +0.9% | +128.48% | Add |
| 10 | NEU | Newmarket CORP | +0.5% | +2.38% | Add |
| 11 | VMD | Viemed Healthcare INC | +0.3% | +57.46% | Add |
| 12 | SNEX | Stonex Group INC | +0.2% | +1.26% | Trim |
| 13 | FLOT | Ishares Floating Rate Bond E | +0.2% | +56.34% | Add |
| 14 | AVGO | Broadcom INC | +0.2% | — | Unchanged |
| 15 | CLVT | Clarivate Plc | +0.1% | +4075.16% | Add |
| 16 | BNY | Bank Of New York Mellon CORP | +0.1% | -0.75% | Trim |
| 17 | GOOGL | Alphabet Inc-cl A | +0.1% | — | Unchanged |
| 18 | SCHW | Schwab (charles) CORP | 0% | -1.56% | Trim |
| 19 | WFC | Wells Fargo & Co | 0% | — | Unchanged |
| 20 | WEX | Wex INC | -0.1% | -0.14% | Add |
| 21 | PM | Philip Morris International | -0.2% | -80.00% | Trim |
| 22 | CTO | Cto Realty Growth INC | -0.3% | — | Trim |
| 23 | KBR | Kbr INC | -0.3% | -60.34% | Trim |
| 24 | AAP | Advance Auto Parts INC | -0.4% | -1.60% | Trim |
| 25 | VTS | Vitesse Energy INC | -0.4% | +50.85% | Trim |
| 26 | ANIK | Anika Therapeutics INC | -0.5% | +37.59% | Add |
| 27 | BRK-B | Berkshire Hathaway Inc-cl B | -1% | — | Trim |
| 28 | GBLI | Global Indemnity Group Llc-a | -1.2% | +5.64% | Trim |
| 29 | CLAR | Clarus CORP | -1.6% | -98.88% | Trim |
| 30 | SSP | Ew Scripps Co/the-a | -2.1% | -43.57% | Trim |
| 31 | ECVT | Ecovyst INC | -2.6% | -44.93% | Trim |
| 32 | WBD | Warner Bros Discovery INC | -2.7% | -64.68% | Trim |
| 33 | PPLI | People INC | -2.7% | +20.27% | Trim |
| 34 | OUT | Outfront Media INC | — | NEW | New buy |
| 35 | TIPT | Tiptree INC | — | EXIT | Sold out |
| 36 | FMC | Fmc CORP | — | EXIT | Sold out |
| 37 | INFU | Infusystem Holdings INC | — | EXIT | Sold out |
| 38 | IZEA | Izea Worldwide INC | — | NEW | New buy |
| 39 | OXY | Occidental Petroleum CORP | — | EXIT | Sold out |
| 40 | MINO | Pimco Municipal Income Oppor | — | NEW | New buy |
| 41 | NABL | N-able INC | — | EXIT | Sold out |
| 42 | HA7 | Enviri CORP | — | EXIT | Sold out |
| 43 | CABO 1.125 03-15-28 | Cable One INC | — | NEW | New buy |
| 44 | NRC | Nrc Health | — | NEW | New buy |
| 45 | ATRO | Astronics CORP | — | EXIT | Sold out |
| 46 | CDX | Simplify High Yield ETF | — | NEW | New buy |
| 47 | VGIT | Vanguard Intermediate-term T | — | NEW | New buy |
| 48 | USB | US Bancorp | — | NEW | New buy |
| 49 | GBDC | Golub Capital Bdc INC | — | EXIT | Sold out |
| 50 | ✓ | Bny Mellon Mun Income INC Com | — | EXIT | Sold out |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2025-09-30 | 2025-11-13 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-08-14 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-15 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-12 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-11-12 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-07-18 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-05-07 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-02-14 | Amendment | View on EDGAR |
| 2023-12-31 | 2024-02-12 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-11-09 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-08-11 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-05-05 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-02-10 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-11-08 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-08-12 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-05-02 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-02-11 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-11-12 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-08-12 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-05-25 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-02-16 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-11-13 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-08-13 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-05-14 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-02-13 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-11-13 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-08-13 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-05-14 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-02-13 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2018-11-13 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2018-08-13 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-05-11 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2018-02-13 | 13F-HR | View on EDGAR |
| 2017-09-30 | 2017-11-13 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2017-08-11 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2017-05-12 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-02-14 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2016-11-10 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2016-08-19 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2016-05-12 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-02-12 | 13F-HR | View on EDGAR |
| 2015-09-30 | 2015-11-13 | 13F-HR | View on EDGAR |
| 2015-06-30 | 2015-08-13 | 13F-HR | View on EDGAR |
| 2015-03-31 | 2015-05-13 | 13F-HR | View on EDGAR |
| 2014-12-31 | 2015-02-13 | 13F-HR | View on EDGAR |
| 2014-09-30 | 2014-10-17 | 13F-HR | View on EDGAR |
| 2014-06-30 | 2014-08-05 | 13F-HR | View on EDGAR |
| 2014-03-31 | 2014-05-16 | 13F-HR | View on EDGAR |
| 2013-12-31 | 2014-01-30 | 13F-HR | View on EDGAR |
| 2013-09-30 | 2013-11-19 | 13F-HR | View on EDGAR |
| 2013-06-30 | 2013-08-13 | Amendment | View on EDGAR |
| 2013-06-30 | 2013-08-09 | 13F-HR | View on EDGAR |
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