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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
+7.21%
1 Year Est. Return
+38.14%
3 Year Est. Return
+158.45%
5 Year Est. Return
+212.83%
10 Year Est. Return
–
AUM
$419M
AUM Growth
+$68.1M
Cap. Flow
-$17.8M
Cap. Flow %
-4.24%
Top 10 Hldgs %
28.3%
Holding
181
New
17
Increased
60
Reduced
41
Closed
6

Top Buys

Rank Stock Value
1
SEDG icon
SolarEdge
SEDG
+$5.44M
2
PWR icon
Quanta Services
PWR
+$3.99M
3
FANG icon
Diamondback Energy
FANG
+$3.04M
4
QQQ icon
Invesco QQQ Trust
QQQ
+$2.19M
5
EOG icon
EOG Resources
EOG
+$1.79M

Top Sells

Rank Stock Value
1
REGN icon
Regeneron Pharmaceuticals
REGN
+$21.1M
2
MPWR icon
Monolithic Power Systems
MPWR
+$3.63M
3
CCI icon
Crown Castle
CCI
+$1.99M
4
ZBRA icon
Zebra Technologies
ZBRA
+$1.79M
5
SCHP icon
Schwab US TIPS ETF
SCHP
+$1.1M

Sector Composition

Rank Sector Weight
1 Technology 24.22%
2 Healthcare 10.85%
3 Industrials 6.49%
4 Consumer Discretionary 5.61%
5 Communication Services 4.14%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ADP icon
26
Automatic Data Processing
ADP
$105B
$4.72M 1.13%
19,756
+55
+0.3% +$13.5K
JNJ icon
27
Johnson & Johnson
JNJ
$617B
$4.61M 1.1%
26,073
+6,841
+36% +$1.18M
DE icon
28
Deere & Co
DE
$162B
$4.56M 1.09%
10,646
+5
+0% +$2.03K
NVDA icon
29
NVIDIA
NVDA
$4.72T
$4.5M 1.07%
307,740
+38,990
+15% +$572K
ASML icon
30
ASML
ASML
$634B
$4.24M 1.01%
7,757
-28
-0.4% -$14.7K
ULTA icon
31
Ulta Beauty
ULTA
$22.2B
$4.16M 0.99%
8,872
-213
-2% -$91.9K
ABBV icon
32
AbbVie
ABBV
$455B
$4.08M 0.97%
25,238
+491
+2% +$75.3K
JPM icon
33
JPMorgan Chase
JPM
$933B
$4.04M 0.96%
30,123
+12,917
+75% +$1.64M
PWR icon
34
Quanta Services
PWR
$98.7B
$4M 0.96%
+28,071
New +$3.99M
LNG icon
35
Cheniere Energy
LNG
$54.1B
$3.95M 0.94%
26,371
+17
+0.1% +$2.85K
SNPS icon
36
Synopsys
SNPS
$71.3B
$3.94M 0.94%
12,347
+40
+0.3% +$12.5K
UTHR icon
37
United Therapeutics
UTHR
$26.2B
$3.93M 0.94%
14,148
-150
-1% -$37.9K
LLY icon
38
Eli Lilly
LLY
$1.03T
$3.79M 0.9%
10,354
+235
+2% +$83.3K
SHOP icon
39
Shopify
SHOP
$159B
$3.65M 0.87%
105,039
+6,983
+7% +$238K
AVGO icon
40
Broadcom
AVGO
$1.85T
$3.64M 0.87%
65,170
-820
-1% -$41.1K
ENPH icon
41
Enphase Energy
ENPH
$4.94B
$3.6M 0.86%
13,580
-6
-0% -$1.75K
ODFL icon
42
Old Dominion Freight Line
ODFL
$44.2B
$3.36M 0.8%
23,704
+408
+2% +$58K
PANW icon
43
Palo Alto Networks
PANW
$265B
$3.23M 0.77%
46,300
-2,882
-6% -$231K
ON icon
44
ON Semiconductor
ON
$32.6B
$3.14M 0.75%
50,290
+5,577
+12% +$372K
EOG icon
45
EOG Resources
EOG
$77.5B
$3.12M 0.75%
24,102
+13,471
+127% +$1.79M
VRTX icon
46
Vertex Pharmaceuticals
VRTX
$122B
$3.08M 0.74%
10,667
+79
+0.7% +$24.1K
SPY icon
47
State Street SPDR S&P 500 ETF Trust
SPY
$784B
$3.03M 0.72%
7,928
+645
+9% +$248K
COST icon
48
Costco
COST
$423B
$2.85M 0.68%
6,245
– –
INTU icon
49
Intuit
INTU
$86.3B
$2.85M 0.68%
7,315
+19
+0.3% +$7.54K
FANG icon
50
Diamondback Energy
FANG
$56.2B
$2.84M 0.68%
+20,791
New +$3.04M
1
2
3 4 5

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Covenant Asset Management's Q4 2022 Portfolio in Review

As of Q4 2022, Covenant Asset Management held 181 positions worth $419M, up 19% from $351M the previous quarter. Its ten largest holdings account for 28% of the portfolio.

Covenant Asset Management withdrew a net $17.8M in Q4 2022, closing 6 positions and reducing 41 holdings. Its most notable exit was Monolithic Power Systems, an estimated $3.63M position sold in full.

By sector, the portfolio is most concentrated in Technology at 24% of assets, down from 26% a quarter earlier, followed by Healthcare and Industrials.

Against the trend, Covenant Asset Management opened a new position in SolarEdge worth $5.81M.

  • Covenant Asset Management's largest Q4 2022 buy was SolarEdge: 20,500 shares worth $5.81M.
  • Covenant Asset Management added most to EOG Resources in Q4 2022, an estimated $1.79M increase.
  • Covenant Asset Management's biggest Q4 2022 reduction was Regeneron Pharmaceuticals, cutting an estimated $21.1M.
  • Covenant Asset Management fully exited Monolithic Power Systems in Q4 2022, selling an estimated $3.63M.
  • Covenant Asset Management's ten largest holdings make up 28% of its $419M portfolio in Q4 2022.
  • Covenant Asset Management opened 17 new positions and closed 6 in Q4 2022.
  • Covenant Asset Management's portfolio value rose 19% quarter-over-quarter to $419M.

Based on Covenant Asset Management's 13F filing for Q4 2022, filed 24 Jan 2023.