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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
+14.51%
1 Year Est. Return
+38.14%
3 Year Est. Return
+158.45%
5 Year Est. Return
+212.83%
10 Year Est. Return
–
AUM
$420M
AUM Growth
+$1.42M
Cap. Flow
-$61M
Cap. Flow %
-14.52%
Top 10 Hldgs %
32.58%
Holding
187
New
10
Increased
54
Reduced
53
Closed
9

Top Buys

Rank Stock Value
1
ROK icon
Rockwell Automation
ROK
+$3.39M
2
KLAC icon
KLA
KLAC
+$2.77M
3
BA icon
Boeing
BA
+$2.42M
4
RTX icon
RTX Corp
RTX
+$2.22M
5
URI icon
United Rentals
URI
+$1.98M

Top Sells

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$3.74M
2
MSFT icon
Microsoft
MSFT
+$3.3M
3
AMAT icon
Applied Materials
AMAT
+$2.68M
4
HII icon
Huntington Ingalls Industries
HII
+$2.31M
5
LHX icon
L3Harris
LHX
+$2.09M

Sector Composition

Rank Sector Weight
1 Technology 27.76%
2 Healthcare 11.18%
3 Industrials 7.84%
4 Consumer Discretionary 6.29%
5 Communication Services 5.04%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AMD icon
26
Advanced Micro Devices
AMD
$776B
$4.43M 1.05%
45,223
+7,204
+19% +$586K
ADP icon
27
Automatic Data Processing
ADP
$106B
$4.42M 1.05%
19,870
+114
+0.6% +$25.7K
AVGO icon
28
Broadcom
AVGO
$1.85T
$4.38M 1.04%
68,260
+3,090
+5% +$186K
UNH icon
29
UnitedHealth
UNH
$376B
$4.28M 1.02%
9,052
+145
+2% +$70K
ABBV icon
30
AbbVie
ABBV
$443B
$4.14M 0.98%
25,965
+727
+3% +$111K
ON icon
31
ON Semiconductor
ON
$31.8B
$4.08M 0.97%
49,561
-729
-1% -$55.4K
LNG icon
32
Cheniere Energy
LNG
$55.2B
$4.07M 0.97%
25,807
-564
-2% -$85.2K
ODFL icon
33
Old Dominion Freight Line
ODFL
$44.1B
$4.06M 0.97%
23,838
+134
+0.6% +$22.4K
LLY icon
34
Eli Lilly
LLY
$1.02T
$3.95M 0.94%
11,498
+1,144
+11% +$386K
JPM icon
35
JPMorgan Chase
JPM
$935B
$3.85M 0.92%
29,534
-589
-2% -$80.7K
JNJ icon
36
Johnson & Johnson
JNJ
$618B
$3.7M 0.88%
23,890
-2,183
-8% -$352K
DXCM icon
37
DexCom
DXCM
$32.2B
$3.5M 0.83%
30,158
+8,858
+42% +$992K
ROK icon
38
Rockwell Automation
ROK
$53.4B
$3.5M 0.83%
+11,916
New +$3.39M
VRTX icon
39
Vertex Pharmaceuticals
VRTX
$121B
$3.49M 0.83%
11,070
+403
+4% +$121K
INTU icon
40
Intuit
INTU
$86.5B
$3.26M 0.78%
7,322
+7
+0.1% +$2.87K
BA icon
41
PUT
Boeing
BA
$171B
– –
0
– –
SPY icon
42
State Street SPDR S&P 500 ETF Trust
SPY
$790B
$3.16M 0.75%
7,712
-216
-3% -$86.2K
UTHR icon
43
United Therapeutics
UTHR
$25.8B
$3.14M 0.75%
14,010
-138
-1% -$34K
COST icon
44
Costco
COST
$422B
$3.1M 0.74%
6,239
-6
-0.1% -$2.94K
DECK icon
45
Deckers Outdoor
DECK
$13.2B
$3.06M 0.73%
40,878
+1,836
+5% +$128K
ADBE icon
46
Adobe
ADBE
$99.5B
$3.04M 0.72%
7,898
+118
+2% +$41.9K
CMG icon
47
Chipotle Mexican Grill
CMG
$47.2B
$3M 0.71%
87,700
+4,850
+6% +$152K
RTX icon
48
RTX Corp
RTX
$290B
$3M 0.71%
30,584
+22,511
+279% +$2.22M
ENPH icon
49
Enphase Energy
ENPH
$4.96B
$2.88M 0.68%
13,682
+102
+0.8% +$22.1K
KLAC icon
50
KLA
KLAC
$239B
$2.81M 0.67%
+70,400
New +$2.77M
1
2
3 4 5

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Covenant Asset Management's Q1 2023 Portfolio in Review

As of Q1 2023, Covenant Asset Management held 187 positions worth $420M, up 0.34% from $419M the previous quarter. Its ten largest holdings account for 33% of the portfolio.

Covenant Asset Management withdrew a net $61M in Q1 2023, closing 9 positions and reducing 53 holdings. Its most notable exit was Huntington Ingalls Industries, an estimated $2.31M position sold in full.

By sector, the portfolio is most concentrated in Technology at 28% of assets, up from 24% a quarter earlier, followed by Healthcare and Industrials.

Against the trend, Covenant Asset Management opened a new position in Rockwell Automation worth $3.5M.

  • Covenant Asset Management's largest Q1 2023 buy was Rockwell Automation: 11,916 shares worth $3.5M.
  • Covenant Asset Management added most to Boeing in Q1 2023, an estimated $2.42M increase.
  • Covenant Asset Management's biggest Q1 2023 reduction was Apple, cutting an estimated $3.74M.
  • Covenant Asset Management fully exited Huntington Ingalls Industries in Q1 2023, selling an estimated $2.31M.
  • Covenant Asset Management's ten largest holdings make up 33% of its $420M portfolio in Q1 2023.
  • Covenant Asset Management opened 10 new positions and closed 9 in Q1 2023.
  • Covenant Asset Management's portfolio value rose 0.34% quarter-over-quarter to $420M.

Based on Covenant Asset Management's 13F filing for Q1 2023, filed 27 Apr 2023.