Cove Street Capital, LLC
Cove Street Capital, LLC is an independent investment advisory firm headquartered in El Segundo, California. Founded in 2011, it operates as an SEC-registered investment adviser with a small team of employees. The firm primarily serves institutional clients and high-net-worth individuals, offering focused equity investment strategies. Cove Street Capital is known for its value-oriented approach and commitment to delivering superior investment results through disciplined research and portfolio management.
Investment Strategy
Cove Street Capital employs a concentrated, value-oriented investment strategy that focuses on identifying overlooked or misunderstood companies trading at significant discounts to their intrinsic value. The firm seeks to invest in businesses with strong management teams, solid financials, and catalysts for value realization, while employing rigorous, fundamental security analysis and risk management. Its approach emphasizes long-term capital appreciation by holding a limited number of high-conviction positions.
Latest 13F Filing Activity
Cove Street Capital, LLC filed their most recent 13F report on Jun 30, 2025 disclosing 94 equity positions with a total 13F market value of $68M. The fund increased holdings in Outfront Media Inc., Viasat Inc., I3 Verticals Inc. among other positions. Cove Street Capital, LLC reduced exposure to Iac Inc., Clarivate PLC, Tiptree Inc. among others.
Top Holdings
Equity Positions (94)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
A AVD | AMERICAN VANGUARD CORP | 7.18% | $4.9M | 1,248,283 | $7.66 | $3.92 | -$32.7K |
E ECVT | ECOVYST INC | 6.88% | $4.7M | 569,674 | $10.26 | $8.23 | +$731.9K |
R RSSS | RESEARCH SOLUTIONS INC | 5.63% | $3.8M | 1,336,703 | $2.35 | $2.87 | +$338.5K |
V VSAT | VIASAT INC | 5.54% | $3.8M | 258,785 | $32.48 | $14.60 | +$1.7M |
S SNEX | STONEX GROUP INC | 3.44% | $2.3M | 25,760 | $46.94 | $91.14 | +$310.5K |
Industry Allocation
Investment Team (3)
| Name | Role | Location | |
|---|---|---|---|
M Matt Weber | Principal, President | La Cañada Flintridge, CA , United States | |
 | Principal, Portfolio Manager | Hermosa Beach, CA , United States | |
 | Analyst | Los Angeles, CA , United States |