# EDGAR Filing Document

**Accession Number:** 0001531612
**File Stem:** 0001531612-25-000017
**Filing Date:** 2025-11
**Character Count:** 12917
**Document Hash:** 8979f5b22d74a75d2ca6575d17c5ed17
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001531612-25-000017.hdr.sgml**: 20251113

**ACCESSION NUMBER**: 0001531612-25-000017

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251113

**DATE AS OF CHANGE**: 20251113

**EFFECTIVENESS DATE**: 20251113

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Cove Street Capital, LLC
- **CENTRAL INDEX KEY:** 0001531612

**ORGANIZATION NAME:**
- **EIN:** 275376591
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-14599
- **FILM NUMBER:** 251478720

**BUSINESS ADDRESS:**
- **STREET 1:** 525 SOUTH DOUGLAS STREET
- **STREET 2:** SUITE 225
- **CITY:** EL SEGUNDO
- **STATE:** CA
- **ZIP:** 90245
- **BUSINESS PHONE:** 424-221-5897

**MAIL ADDRESS:**
- **STREET 1:** 525 SOUTH DOUGLAS STREET
- **STREET 2:** SUITE 225
- **CITY:** EL SEGUNDO
- **STATE:** CA
- **ZIP:** 90245

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Cove Street Capital LLC<br>**Address:** 525 South Douglas Street<br>Suite 225<br>El Segundo, CA 90245

**Form 13F File Number:** 028-14599

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Matthew Weber<br>**Title:** President  CCO<br>**Phone:** 424-221-5897

**Signature, Place, and Date of Signing:**

/s/mweber  Hermosa Beach, CA  08-13-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 96

**Form 13F Information Table Value Total:** $76553013

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ABBOTT LABS | COM | 002824100 |  | 107152 | 800 | SH |  | SOLE |  | 800 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 185232 | 800 | SH |  | SOLE |  | 800 | 0 | 0 |
| ADVANCE AUTO PARTS INC | COM | 00751Y106 |  | 2271370 | 36993 | SH |  | SOLE |  | 36993 | 0 | 0 |
| ALLIANCE RESOURCE PARTNERS L | UT LTD PART | 01877R108 |  | 50570 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 364650 | 1500 | SH |  | SOLE |  | 1500 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 232744 | 1060 | SH |  | SOLE |  | 1060 | 0 | 0 |
| AMBAC FINL GROUP INC | COM NEW | 023139884 |  | 15521 | 1861 | SH |  | SOLE |  | 1861 | 0 | 0 |
| AMERICAN VANGUARD CORP | COM | 030371108 |  | 8030180 | 1398986 | SH |  | SOLE |  | 1398986 | 0 | 0 |
| ANIKA THERAPEUTICS INC | COM | 035255108 |  | 958386 | 101956 | SH |  | SOLE |  | 101956 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 305556 | 1200 | SH |  | SOLE |  | 1200 | 0 | 0 |
| AVANOS MED INC | COM | 05350V106 |  | 1295656 | 112081 | SH |  | SOLE |  | 112081 | 0 | 0 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 1442957 | 13243 | SH |  | SOLE |  | 13243 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 1146247 | 2280 | SH |  | SOLE |  | 2280 | 0 | 0 |
| BOSTON OMAHA CORP | CL A COM STK | 101044105 |  | 11249 | 860 | SH |  | SOLE |  | 860 | 0 | 0 |
| BRITISH AMERN TOB PLC | SPONSORED ADR | 110448107 |  | 648691 | 12221 | SH |  | SOLE |  | 12221 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 395892 | 1200 | SH |  | SOLE |  | 1200 | 0 | 0 |
| CABLE ONE INC | NOTE 1.125% 3/1 | 12685JAG0 |  | 430847 | 500000 | PRN |  | SOLE |  | 500000 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 124232 | 800 | SH |  | SOLE |  | 800 | 0 | 0 |
| CHURCH  DWIGHT CO INC | COM | 171340102 |  | 56960 | 650 | SH |  | SOLE |  | 650 | 0 | 0 |
| CINTAS CORP | COM | 172908105 |  | 192944 | 940 | SH |  | SOLE |  | 940 | 0 | 0 |
| CLARUS CORP NEW | COM | 18270P109 |  | 10518 | 3005 | SH |  | SOLE |  | 3005 | 0 | 0 |
| CLEAR CHANNEL OUTDOOR HLDGS | COM | 18453H106 |  | 2595256 | 1642567 | SH |  | SOLE |  | 1642567 | 0 | 0 |
| ENOVIS CORPORATION | COM | 194014502 |  | 1348370 | 44442 | SH |  | SOLE |  | 44442 | 0 | 0 |
| COMPASS MINERALS INTL INC | COM | 20451N101 |  | 1371206 | 71417 | SH |  | SOLE |  | 71417 | 0 | 0 |
| CTO RLTY GROWTH INC NEW | COM | 22948Q101 |  | 68570 | 4199 | SH |  | SOLE |  | 4199 | 0 | 0 |
| DANAHER CORPORATION | COM | 235851102 |  | 62452 | 315 | SH |  | SOLE |  | 315 | 0 | 0 |
| ECOVYST INC | COM | 27923Q109 |  | 2748126 | 313713 | SH |  | SOLE |  | 313713 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 51076 | 453 | SH |  | SOLE |  | 453 | 0 | 0 |
| GLOBAL INDEMNITY GROUP LLC | COM CL A | 37959R103 |  | 544569 | 18746 | SH |  | SOLE |  | 18746 | 0 | 0 |
| GOLDEN ENTMT INC | COM | 381013101 |  | 4669 | 198 | SH |  | SOLE |  | 198 | 0 | 0 |
| GREAT ELM CAP CORP | COM NEW | 390320703 |  | 61122 | 6100 | SH |  | SOLE |  | 6100 | 0 | 0 |
| GREAT ELM GROUP INC | COM NEW | 39037G109 |  | 2 | 1 | SH |  | SOLE |  | 1 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 89142 | 220 | SH |  | SOLE |  | 220 | 0 | 0 |
| IAC INC | COM NEW | 44891N208 |  | 1917051 | 56268 | SH |  | SOLE |  | 56268 | 0 | 0 |
| IDEXX LABS INC | COM | 45168D104 |  | 115000 | 180 | SH |  | SOLE |  | 180 | 0 | 0 |
| INNOVATIVE SOLUTIONS  SUPPO | COM | 45769N105 |  | 10829 | 867 | SH |  | SOLE |  | 867 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 120752 | 270 | SH |  | SOLE |  | 270 | 0 | 0 |
| ISHARES TR | INTL SEL DIV ETF | 464288448 |  | 411590 | 11261 | SH |  | SOLE |  | 11261 | 0 | 0 |
| ISHARES TR | PFD AND INCM SEC | 464288687 |  | 142290 | 4500 | SH |  | SOLE |  | 4500 | 0 | 0 |
| ISHARES TR | FLTG RATE NT ETF | 46429B655 |  | 311567 | 6099 | SH |  | SOLE |  | 6099 | 0 | 0 |
| I3 VERTICALS INC | COM CL A | 46571Y107 |  | 1954806 | 60222 | SH |  | SOLE |  | 60222 | 0 | 0 |
| IZEA WORLDWIDE INC | COM NEW | 46604H204 |  | 676519 | 181860 | SH |  | SOLE |  | 181860 | 0 | 0 |
| JANUS DETROIT STR TR | HENDRSON AAA CL | 47103U845 |  | 121872 | 2400 | SH |  | SOLE |  | 2400 | 0 | 0 |
| KBR INC | COM | 48242W106 |  | 108767 | 2300 | SH |  | SOLE |  | 2300 | 0 | 0 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 1588757 | 56120 | SH |  | SOLE |  | 56120 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 62401 | 125 | SH |  | SOLE |  | 125 | 0 | 0 |
| MGP INGREDIENTS INC NEW | COM | 55303J106 |  | 10039 | 415 | SH |  | SOLE |  | 415 | 0 | 0 |
| MARATHON PETE CORP | COM | 56585A102 |  | 164793 | 855 | SH |  | SOLE |  | 855 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 310770 | 600 | SH |  | SOLE |  | 600 | 0 | 0 |
| NATIONAL RESH CORP | COM NEW | 637372202 |  | 417063 | 32634 | SH |  | SOLE |  | 32634 | 0 | 0 |
| NEWMARKET CORP | COM | 651587107 |  | 2138438 | 2582 | SH |  | SOLE |  | 2582 | 0 | 0 |
| OUTFRONT MEDIA INC | COM NEW | 69007J304 |  | 2067577 | 112859 | SH |  | SOLE |  | 112859 | 0 | 0 |
| PARK AEROSPACE CORP | COM | 70014A104 |  | 376188 | 18495 | SH |  | SOLE |  | 18495 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 32440 | 200 | SH |  | SOLE |  | 200 | 0 | 0 |
| PIMCO ETF TR | MUNI INCOME OPP | 72201R635 |  | 619161 | 13665 | SH |  | SOLE |  | 13665 | 0 | 0 |
| PRECISION OPTICS CORP INC MA | COM NEW | 740294400 |  | 5455 | 1254 | SH |  | SOLE |  | 1254 | 0 | 0 |
| PROGRESSIVE CORP | COM | 743315103 |  | 77789 | 315 | SH |  | SOLE |  | 315 | 0 | 0 |
| PROLOGIS INC. | COM | 74340W103 |  | 57833 | 505 | SH |  | SOLE |  | 505 | 0 | 0 |
| RED VIOLET INC | COM | 75704L104 |  | 383254 | 7335 | SH |  | SOLE |  | 7335 | 0 | 0 |
| RESEARCH SOLUTIONS INC | COM | 761025105 |  | 4981889 | 1335627 | SH |  | SOLE |  | 1335627 | 0 | 0 |
| ROPER TECHNOLOGIES INC | COM | 776696106 |  | 82286 | 165 | SH |  | SOLE |  | 165 | 0 | 0 |
| SPDR SERIES TRUST | PORTFOLIO AGRGTE | 78464A649 |  | 364556 | 14100 | SH |  | SOLE |  | 14100 | 0 | 0 |
| SAN JUAN BASIN RTY TR | UNIT BEN INT | 798241105 |  | 6052 | 1002 | SH |  | SOLE |  | 1002 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 1472529 | 15424 | SH |  | SOLE |  | 15424 | 0 | 0 |
| SCRIPPS E W CO OHIO | CL A NEW | 811054402 |  | 876835 | 356437 | SH |  | SOLE |  | 356437 | 0 | 0 |
| SERITAGE GROWTH PPTYS | CL A | 81752R100 |  | 21688 | 5103 | SH |  | SOLE |  | 5103 | 0 | 0 |
| SIFCO INDS INC | COM | 826546103 |  | 6499 | 923 | SH |  | SOLE |  | 923 | 0 | 0 |
| SIMPLIFY EXCHANGE TRADED FUN | BOND BULL ETF | 82889N376 |  | 88623 | 2075 | SH |  | SOLE |  | 2075 | 0 | 0 |
| SIMPLIFY EXCHANGE TRADED FUN | MBS ETF | 82889N525 |  | 765572 | 15205 | SH |  | SOLE |  | 15205 | 0 | 0 |
| SIMPLIFY EXCHANGE TRADED FUN | HIGH YIELD ETF | 82889N830 |  | 379779 | 16577 | SH |  | SOLE |  | 16577 | 0 | 0 |
| SIX FLAGS ENTERTAINMENT CORP | COM | 83001C108 |  | 4644286 | 204414 | SH |  | SOLE |  | 204414 | 0 | 0 |
| STAR GROUP L P | UNIT LTD PARTNR | 85512C105 |  | 302848 | 25600 | SH |  | SOLE |  | 25600 | 0 | 0 |
| STONEX GROUP INC | COM | 861896108 |  | 2632397 | 26084 | SH |  | SOLE |  | 26084 | 0 | 0 |
| TERADYNE INC | COM | 880770102 |  | 99101 | 720 | SH |  | SOLE |  | 720 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 84879 | 175 | SH |  | SOLE |  | 175 | 0 | 0 |
| TREDEGAR CORP | COM | 894650100 |  | 14687 | 1829 | SH |  | SOLE |  | 1829 | 0 | 0 |
| TRIPLE FLAG PRECIOUS METAL | COM | 89679M104 |  | 1454573 | 49712 | SH |  | SOLE |  | 49712 | 0 | 0 |
| US BANCORP DEL | COM NEW | 902973304 |  | 180271 | 3730 | SH |  | SOLE |  | 3730 | 0 | 0 |
| UNIFI INC | COM NEW | 904677200 |  | 6693 | 1406 | SH |  | SOLE |  | 1406 | 0 | 0 |
| UTAH MED PRODS INC | COM | 917488108 |  | 5478 | 87 | SH |  | SOLE |  | 87 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | INTER TERM TREAS | 92206C706 |  | 300150 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| VIASAT INC | COM | 92552V100 |  | 3484708 | 118932 | SH |  | SOLE |  | 118932 | 0 | 0 |
| VIEMED HEALTHCARE INC | COM | 92663R105 |  | 1492768 | 219848 | SH |  | SOLE |  | 219848 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 93880 | 275 | SH |  | SOLE |  | 275 | 0 | 0 |
| VITESSE ENERGY INC | COMMON STOCK | 92852X103 |  | 206747 | 8900 | SH |  | SOLE |  | 8900 | 0 | 0 |
| WARNER BROS DISCOVERY INC | COM SER A | 934423104 |  | 1328325 | 68032 | SH |  | SOLE |  | 68032 | 0 | 0 |
| WATSCO INC | COM | 942622200 |  | 97032 | 240 | SH |  | SOLE |  | 240 | 0 | 0 |
| CLIMB GLOBAL SOLUTIONS INC | COM | 946760105 |  | 2543746 | 18865 | SH |  | SOLE |  | 18865 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 1175156 | 14020 | SH |  | SOLE |  | 14020 | 0 | 0 |
| WELLS FARGO CO NEW | PERP PFD CNV A | 949746804 |  | 142083 | 115 | SH |  | SOLE |  | 115 | 0 | 0 |
| WEX INC | COM | 96208T104 |  | 2024418 | 12851 | SH |  | SOLE |  | 12851 | 0 | 0 |
| ZEBRA TECHNOLOGIES CORPORATI | CL A | 989207105 |  | 53489 | 180 | SH |  | SOLE |  | 180 | 0 | 0 |
| CLARIVATE PLC | ORD SHS | G21810109 |  | 1732929 | 452462 | SH |  | SOLE |  | 452462 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 97305 | 260 | SH |  | SOLE |  | 260 | 0 | 0 |
| WHITE MTNS INS GROUP LTD | COM | G9618E107 |  | 1810256 | 1083 | SH |  | SOLE |  | 1083 | 0 | 0 |
| CHUBB LIMITED | COM | H1467J104 |  | 73385 | 260 | SH |  | SOLE |  | 260 | 0 | 0 |

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