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Cove Street Capital, LLC — 13F Holdings & Portfolio

CIK 1531612 · latest 13F-HR filed 2025-11-13

Backtest portfolio

Cove Street Capital, LLC manages $76.6M in 13F-reported U.S. long-equity assets across 96 reported positions as of its 2025-09-30 13F-HR filing. Its largest disclosed positions are AVD (10.49%), RSSS (6.51%), FUN (6.07%). Quarter over quarter (versus its 2025-06-30 filing) the fund opened 7 new positions and exited 8; 43 existing positions rose in reported value and 24 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

Loading holdings…
AUM
$76.6M

Long-equity book

Holdings
96

Distinct positions

Period
2025-09-30

Filed 2025-11-13

Q/Q Activity
+7 / −8 / ↑43 / ↓24

vs 2025-06-30

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q3 25
AVD10.5% · +12%RSSS6.5% · -0%FUN6.1% · +1711%VSAT4.6% · -54%ECVT3.6% · -45%SNEX3.4% · +1%CCO3.4% · +60%CLMB3.3% · +21%AAP3.0% · -2%NEU2.8% · +2%OUT2.7% · +2%WEX2.6% · -0%IIIV2.6% · +3%PPLI2.5% · +20%WTM2.4% · +128%CLVT2.3% · +4075%KMI2.1% · -6%VMD1.9% · +58%SCHW1.9% · -2%TFPM1.9% · -0%BNY1.9% · -1%CMP1.8% · -0%ENOV1.8% · 0%WBD1.7% · -65%AVNS1.7% · +431%WFC1.5% · 0%BRK.B1.5% · 0%ANIK1.3% · +38%SSP1.1% · -44%MTBA1.0% · +4%IZEA0.9% · +3%BTI0.8% · -12%MINO0.8% · +20%GBLI0.7% · +6%CABO0.6% · newNRC0.5% · +911%IDV0.5% · -8%AVGO0.5% · 0%RDVT0.5% · -7%CDX0.5% · newPKE0.5% · -14%GOOGL0.5% · 0%SPAB0.5% · 0%FLOT0.4% · +56%MSFT0.4% · 0%AAPL0.4% · 0%SGU0.4% · +46%VGIT0.4% · 0%AMZN0.3% · 0%VTS0.3% · +51%CTAS0.3% · 0%ABBV0.2% · 0%USB0.2% · -40%MPC0.2% · 0%PFF0.2% · +29%WFCPL0.2% · 0%CVX0.2% · 0%JAAA0.2% · +26%ISRG0.2% · 0%IDXX0.1% · 0%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q2 25 → Q3 25

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

2 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 47.1%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Aug 27, 2026.

Assets Under Management
$93.8M
Discretionary
$93.8M
Employees
2
Accounts
18
Address
205 PIER AVENUE
SUITE 101
HERMOSA BEACH, CA 90245
Phone
(424) 221-5897
Website
Name Title / Status Ownership Type
BRONCHICK, DEIRDRE ControlMANAGING PARTNER
since Jul 2024
5–10%Individual
BRONCHICK, JEFFREY, (NMN) ControlPRINCIPAL, PORTFOLIO MANAGER, CHIEF COMPLIANCE OFFICER
since Jun 2011
75% or moreIndividual
Ownership & leadership changes · 7 filings with changes since Mar 23, 2012

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

Aug 27, 2026 filing
  • No longer listedWEBER, MATTHEW, JAMES · PRESIDENT, CCO · 10–25% · control person · listed since Oct 2024
  • AddedBRONCHICK, DEIRDRE · MANAGING PARTNER · 5–10% · control person
  • ChangedBRONCHICK, JEFFREY, (NMN) · title PRINCIPAL, PORTFOLIO MANAGER → PRINCIPAL, PORTFOLIO MANAGER, CHIEF COMPLIANCE OFFICER
Mar 28, 2025 filing
  • No longer listedCOVE STREET EMPLOYEE, LLC · MEMBER · 10–25% · listed since Feb 2016
  • ChangedWEBER, MATTHEW, JAMES · ownership Less than 5% → 10–25%
Oct 9, 2024 filing
  • No longer listedTYNAN, MERIHAN, NABIL EMIL · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Jan 2018
  • ChangedWEBER, MATTHEW, JAMES · title PRESIDENT → PRESIDENT, CCO
Jan 9, 2018 filing
  • No longer listedBEASLEY, DANIELE, (NMN) · PRINCIPAL, CHIEF COMPLIANCE OFFICER · 10–25% · control person · listed since Jun 2011
  • No longer listedClaremon, Benjamin, J · MEMBER · 25–50% · indirect via COVE STREET EMPLOYEE, LLC · listed since Feb 2016
  • AddedTYNAN, MERIHAN, NABIL EMIL · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
  • AddedWEBER, MATTHEW, JAMES · PRESIDENT · Less than 5% · control person
  • ChangedCOVE STREET EMPLOYEE, LLC · ownership 5–10% → 10–25%
Mar 31, 2017 filing
  • ChangedBEASLEY, DANIELE, (NMN) · title CHIEF COMPLIANCE OFFICER, MEMBER → PRINCIPAL, CHIEF COMPLIANCE OFFICER
  • ChangedBRONCHICK, JEFFREY, (NMN) · title CIO, MANAGING MEMBER → PRINCIPAL, PORTFOLIO MANAGER
Apr 15, 2016 filing
  • AddedClaremon, Benjamin, J · MEMBER · 25–50% · indirect via COVE STREET EMPLOYEE, LLC
  • ChangedBEASLEY, DANIELE, (NMN) · now a control person
Mar 31, 2016 filing
  • AddedCOVE STREET EMPLOYEE, LLC · MEMBER · 5–10%
Mar 23, 2012 filing (earliest on record)
  • ListedBEASLEY, DANIELE, (NMN) · CHIEF COMPLIANCE OFFICER, MEMBER · 10–25%
  • ListedBRONCHICK, JEFFREY, (NMN) · CIO, MANAGING MEMBER · 75% or more · control person

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Top Adds (vs prior quarter)

Show all 43 →

Top Trims

Show all 24 →

New Positions

Show all 7 →

Exited Positions

Show all 8 →

Cove Street Capital, LLC Holdings (2025-09-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 AMERICAN VANGUARD CORP AVD 030371108 $8.0M 10.49% 1,398,986 SH
2 RESEARCH SOLUTIONS INC RSSS 761025105 $5.0M 6.51% 1,335,627 SH
3 SIX FLAGS ENTERTAINMENT CORP FUN 83001C108 $4.6M 6.07% 204,414 SH
4 VIASAT INC VSAT 92552V100 $3.5M 4.55% 118,932 SH
5 ECOVYST INC ECVT 27923Q109 $2.7M 3.59% 313,713 SH
6 STONEX GROUP INC SNEX 861896108 $2.6M 3.44% 26,084 SH
7 CLEAR CHANNEL OUTDOOR HLDGS CCO 18453H106 $2.6M 3.39% 1,642,567 SH
8 CLIMB GLOBAL SOLUTIONS INC CLMB 946760105 $2.5M 3.32% 18,865 SH
9 ADVANCE AUTO PARTS INC AAP 00751Y106 $2.3M 2.97% 36,993 SH
10 NEWMARKET CORP NEU 651587107 $2.1M 2.79% 2,582 SH
11 OUTFRONT MEDIA INC OUT 69007J304 $2.1M 2.70% 112,859 SH
12 WEX INC WEX 96208T104 $2.0M 2.64% 12,851 SH
13 I3 VERTICALS INC IIIV 46571Y107 $2.0M 2.55% 60,222 SH
14 IAC INC PPLI 44891N208 $1.9M 2.50% 56,268 SH
15 WHITE MTNS INS GROUP LTD WTM G9618E107 $1.8M 2.36% 1,083 SH
16 CLARIVATE PLC CLVT G21810109 $1.7M 2.26% 452,462 SH
17 KINDER MORGAN INC DEL KMI 49456B101 $1.6M 2.08% 56,120 SH
18 VIEMED HEALTHCARE INC VMD 92663R105 $1.5M 1.95% 219,848 SH
19 SCHWAB CHARLES CORP SCHW 808513105 $1.5M 1.92% 15,424 SH
20 TRIPLE FLAG PRECIOUS METAL TFPM 89679M104 $1.5M 1.90% 49,712 SH
21 BANK NEW YORK MELLON CORP BNY 064058100 $1.4M 1.88% 13,243 SH
22 COMPASS MINERALS INTL INC CMP 20451N101 $1.4M 1.79% 71,417 SH
23 ENOVIS CORPORATION ENOV 194014502 $1.3M 1.76% 44,442 SH
24 WARNER BROS DISCOVERY INC WBD 934423104 $1.3M 1.74% 68,032 SH
25 AVANOS MED INC AVNS 05350V106 $1.3M 1.69% 112,081 SH
26 WELLS FARGO CO NEW WFC 949746101 $1.2M 1.54% 14,020 SH
27 BERKSHIRE HATHAWAY INC DEL BRK.B 084670702 $1.1M 1.50% 2,280 SH
28 ANIKA THERAPEUTICS INC ANIK 035255108 $958.4K 1.25% 101,956 SH
29 SCRIPPS E W CO OHIO SSP 811054402 $876.8K 1.15% 356,437 SH
30 SIMPLIFY EXCHANGE TRADED FUN MTBA 82889N525 $765.6K 1.00% 15,205 SH
31 IZEA WORLDWIDE INC IZEA 46604H204 $676.5K 0.88% 181,860 SH
32 BRITISH AMERN TOB PLC BTI 110448107 $648.7K 0.85% 12,221 SH
33 PIMCO ETF TR MINO 72201R635 $619.2K 0.81% 13,665 SH
34 GLOBAL INDEMNITY GROUP LLC GBLI 37959R103 $544.6K 0.71% 18,746 SH
35 CABLE ONE INC CABO 12685JAG0 $430.8K 0.56% 500,000 PRN
36 NATIONAL RESH CORP NRC 637372202 $417.1K 0.54% 32,634 SH
37 ISHARES TR IDV 464288448 $411.6K 0.54% 11,261 SH
38 BROADCOM INC AVGO 11135F101 $395.9K 0.52% 1,200 SH
39 RED VIOLET INC RDVT 75704L104 $383.3K 0.50% 7,335 SH
40 SIMPLIFY EXCHANGE TRADED FUN CDX 82889N830 $379.8K 0.50% 16,577 SH
41 PARK AEROSPACE CORP PKE 70014A104 $376.2K 0.49% 18,495 SH
42 ALPHABET INC GOOGL 02079K305 $364.6K 0.48% 1,500 SH
43 SPDR SERIES TRUST SPAB 78464A649 $364.6K 0.48% 14,100 SH
44 ISHARES TR FLOT 46429B655 $311.6K 0.41% 6,099 SH
45 MICROSOFT CORP MSFT 594918104 $310.8K 0.41% 600 SH
46 APPLE INC AAPL 037833100 $305.6K 0.40% 1,200 SH
47 STAR GROUP L P SGU 85512C105 $302.8K 0.40% 25,600 SH
48 VANGUARD SCOTTSDALE FDS VGIT 92206C706 $300.1K 0.39% 5,000 SH
49 AMAZON COM INC AMZN 023135106 $232.7K 0.30% 1,060 SH
50 VITESSE ENERGY INC VTS 92852X103 $206.7K 0.27% 8,900 SH
Filing History
Period Filed AUM Holdings Accession
2025-09-30 2025-11-13 $76.6M 96 0001531612-25-000017
2025-06-30 2025-08-14 $68.2M 97 0001531612-25-000013