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Covenant Asset Management Portfolio holdings
AUM
$595M
1-Year Est. Return
38.14%
This Fund
S&P 500
This Quarter
Est. Return
+17.77%
1 Year Est. Return
+38.14%
3 Year Est. Return
+158.45%
5 Year Est. Return
+212.83%
10 Year Est. Return
–
AUM
$190M
AUM Growth
-$8.15M
(-4.1%)
Cap. Flow
-$13.2M
Cap. Flow
% of AUM
-6.93%
Top 10 Holdings %
Top 10 Hldgs %
28.75%
Holding
157
New
20
Increased
27
Reduced
73
Closed
22
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Trade Desk
TTD
|
+$2.6M |
| 2 |
Intuit
INTU
|
+$2.27M |
| 3 |
Etsy
ETSY
|
+$1.87M |
| 4 |
Boeing
BA
|
+$1.77M |
| 5 |
Idexx Laboratories
IDXX
|
+$1.26M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ligand Pharmaceuticals
LGND
|
+$2.85M |
| 2 |
Raymond James Financial
RJF
|
+$2.44M |
| 3 |
State Street SPDR S&P Biotech ETF
XBI
|
+$2.3M |
| 4 |
RTN
Raytheon Company
RTN
|
+$2.23M |
| 5 |
BYM
BlackRock Municipal Income Quality Trust
BYM
|
+$2.14M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.51% |
| 2 | Healthcare | 16.62% |
| 3 | Communication Services | 10.98% |
| 4 | Financials | 9.26% |
| 5 | Consumer Discretionary | 6.52% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
BYM
26
DELISTED
BlackRock Municipal Income Quality Trust
BYM
| – | – |
-162,615
| Closed | -$2.14M |
|
|
27
Etsy
ETSY
$8.21B
| $2.11M | 1.11% |
+31,346
| New | +$1.87M |
|
28
State Street SPDR S&P 500 ETF Trust
SPY
$783B
| $2.09M | 1.1% |
7,408
+4,565
| +161% | +$1.24M |
|
29
Old Dominion Freight Line
ODFL
$47.1B
| $2.09M | 1.1% |
43,374
-1,941
| -4% | -$90.7K |
|
30
Cheniere Energy
LNG
$52.8B
| $2.08M | 1.09% |
30,370
-12
| -0% | -$789 |
|
31
ServiceNow
NOW
$114B
| $2.05M | 1.07% |
41,505
-2,255
| -5% | -$99.1K |
|
32
Enterprise Products Partners
EPD
$83.6B
| $2.04M | 1.07% |
70,064
+345
| +0.5% | +$9.64K |
|
33
NVIDIA
NVDA
$4.77T
| $2M | 1.05% |
446,240
+43,800
| +11% | +$170K |
|
34
UnitedHealth
UNH
$389B
| $1.96M | 1.03% |
7,939
+468
| +6% | +$119K |
|
35
Verizon
VZ
$201B
| $1.95M | 1.02% |
32,911
-1,023
| -3% | -$57.9K |
|
36
Axos Financial
AX
$5.64B
| $1.83M | 0.96% |
63,058
-13,860
| -18% | -$415K |
|
|
PRAH
37
DELISTED
PRA Health Sciences, Inc.
PRAH
| $1.78M | 0.94% |
16,189
-1,248
| -7% | -$130K |
|
38
CALL
Amazon
AMZN
$2.48T
| $1.78M | 0.94% |
20,000
| – | – |
|
39
BlackRock Corporate High Yield Fund
HYT
$1.36B
| $1.76M | 0.92% |
171,423
-8,101
| -5% | -$81.2K |
|
40
AbbVie
ABBV
$465B
| $1.74M | 0.91% |
21,576
-922
| -4% | -$75.4K |
|
41
Vanguard Value ETF
VTV
$190B
| $1.73M | 0.91% |
16,089
-2,535
| -14% | -$267K |
|
42
Protolabs
PRLB
$1.78B
| $1.67M | 0.88% |
15,884
-1,081
| -6% | -$121K |
|
43
Zoetis
ZTS
$32.5B
| $1.63M | 0.86% |
16,207
-85
| -0.5% | -$7.72K |
|
44
Costco
COST
$429B
| $1.54M | 0.81% |
6,345
| – | – |
|
45
Qualcomm
QCOM
$172B
| $1.52M | 0.8% |
26,688
+1,398
| +6% | +$75.5K |
|
46
Diamondback Energy
FANG
$53.5B
| $1.45M | 0.76% |
14,242
-190
| -1% | -$19.5K |
|
47
JPMorgan Chase
JPM
$950B
| $1.42M | 0.74% |
13,992
-219
| -2% | -$22.6K |
|
48
Alphabet (Google) Class C
GOOG
$4.07T
| $1.4M | 0.74% |
23,920
-200
| -0.8% | -$11.2K |
|
|
ACIA
49
DELISTED
Acacia Communications Inc
ACIA
| $1.38M | 0.73% |
+24,111
| New | +$1.15M |
|
|
50
Idexx Laboratories
IDXX
$44.9B
| $1.36M | 0.71% |
+6,080
| New | +$1.26M |
|
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Covenant Asset Management's Q1 2019 Portfolio in Review
As of Q1 2019, Covenant Asset Management held 157 positions worth $190M, down 4.1% from $198M the previous quarter. Its ten largest holdings account for 29% of the portfolio.
Covenant Asset Management withdrew a net $13.2M in Q1 2019, closing 22 positions and reducing 73 holdings. Its most notable exit was Ligand Pharmaceuticals, an estimated $2.85M position sold in full.
By sector, the portfolio is most concentrated in Technology at 23% of assets, up from 21% a quarter earlier, followed by Healthcare and Communication Services.
Against the trend, Covenant Asset Management opened a new position in Trade Desk worth $3.15M.
- Covenant Asset Management's largest Q1 2019 buy was Trade Desk: 158,870 shares worth $3.15M.
- Covenant Asset Management added most to Boeing in Q1 2019, an estimated $1.77M increase.
- Covenant Asset Management's biggest Q1 2019 reduction was State Street SPDR S&P Biotech ETF, cutting an estimated $2.3M.
- Covenant Asset Management fully exited Ligand Pharmaceuticals in Q1 2019, selling an estimated $2.85M.
- Covenant Asset Management's ten largest holdings make up 29% of its $190M portfolio in Q1 2019.
- Covenant Asset Management opened 20 new positions and closed 22 in Q1 2019.
- Covenant Asset Management's portfolio value fell 4.1% quarter-over-quarter to $190M.
Based on Covenant Asset Management's 13F filing for Q1 2019, filed 26 Apr 2019.