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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
+13.3%
1 Year Est. Return
+38.14%
3 Year Est. Return
+158.45%
5 Year Est. Return
+212.83%
10 Year Est. Return
–
AUM
$394M
AUM Growth
-$26.1M
Cap. Flow
-$48.1M
Cap. Flow %
-12.2%
Top 10 Hldgs %
31.57%
Holding
175
New
1
Increased
56
Reduced
41
Closed
8

Top Buys

Rank Stock Value
1
TDG icon
TransDigm Group
TDG
+$3.38M
2
ISRG icon
Intuitive Surgical
ISRG
+$3.01M
3
REGN icon
Regeneron Pharmaceuticals
REGN
+$2.93M
4
IDXX icon
Idexx Laboratories
IDXX
+$1.5M
5
NOW icon
ServiceNow
NOW
+$1.31M

Top Sells

Rank Stock Value
1
UTHR icon
United Therapeutics
UTHR
+$3.14M
2
RTX icon
RTX Corp
RTX
+$2.38M
3
STAA icon
STAAR Surgical
STAA
+$2.12M
4
URI icon
United Rentals
URI
+$1.87M
5
GNRC icon
Generac Holdings
GNRC
+$1.83M

Sector Composition

Rank Sector Weight
1 Technology 34.9%
2 Healthcare 12.99%
3 Industrials 8.37%
4 Consumer Discretionary 7.56%
5 Communication Services 6.57%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ADP icon
26
Automatic Data Processing
ADP
$106B
$4.37M 1.11%
19,904
+34
+0.2% +$7.33K
UNH icon
27
UnitedHealth
UNH
$389B
$4.35M 1.1%
9,055
+3
+0% +$1.47K
JPM icon
28
JPMorgan Chase
JPM
$950B
$4.35M 1.1%
29,921
+387
+1% +$53.2K
ULTA icon
29
Ulta Beauty
ULTA
$21.6B
$4.19M 1.06%
8,903
+95
+1% +$46.5K
ISRG icon
30
Intuitive Surgical
ISRG
$130B
$4.1M 1.04%
11,994
+9,937
+483% +$3.01M
ROK icon
31
Rockwell Automation
ROK
$52.4B
$3.95M 1%
11,996
+80
+0.7% +$23.1K
JNJ icon
32
Johnson & Johnson
JNJ
$643B
$3.95M 1%
23,863
-27
-0.1% -$4.36K
LNG icon
33
Cheniere Energy
LNG
$52.8B
$3.9M 0.99%
25,575
-232
-0.9% -$34.3K
VRTX icon
34
Vertex Pharmaceuticals
VRTX
$124B
$3.89M 0.99%
11,051
-19
-0.2% -$6.4K
DXCM icon
35
DexCom
DXCM
$28.9B
$3.87M 0.98%
30,097
-61
-0.2% -$7.38K
ADBE icon
36
Adobe
ADBE
$99B
$3.86M 0.98%
7,904
+6
+0.1% +$2.42K
TDG icon
37
TransDigm Group
TDG
$73.2B
$3.82M 0.97%
+4,274
New +$3.38M
CMG icon
38
Chipotle Mexican Grill
CMG
$43B
$3.77M 0.96%
88,200
+500
+0.6% +$19.8K
NOW icon
39
ServiceNow
NOW
$114B
$3.75M 0.95%
33,375
+13,085
+64% +$1.31M
DECK icon
40
Deckers Outdoor
DECK
$14.2B
$3.57M 0.91%
40,602
-276
-0.7% -$22.2K
ABBV icon
41
AbbVie
ABBV
$465B
$3.5M 0.89%
25,959
-6
-0% -$880
SPY icon
42
State Street SPDR S&P 500 ETF Trust
SPY
$783B
$3.44M 0.87%
7,763
+51
+0.7% +$21.4K
KLAC icon
43
KLA
KLAC
$249B
$3.43M 0.87%
70,730
+330
+0.5% +$13.8K
IDXX icon
44
Idexx Laboratories
IDXX
$44.9B
$3.33M 0.85%
6,631
+3,127
+89% +$1.5M
TSLA icon
45
PUT
Tesla
TSLA
$1.21T
– –
0
– –
BA icon
46
Boeing
BA
$175B
$3.1M 0.79%
14,694
+1,601
+12% +$333K
COST icon
47
Costco
COST
$429B
$3.1M 0.79%
5,754
-485
-8% -$245K
REGN icon
48
Regeneron Pharmaceuticals
REGN
$72.9B
$3.02M 0.77%
4,204
+3,804
+951% +$2.93M
QQQ icon
49
Invesco QQQ Trust
QQQ
$445B
$2.82M 0.72%
7,641
+29
+0.4% +$9.76K
ORCL icon
50
Oracle
ORCL
$346B
$2.82M 0.71%
23,660
– –
1
2
3 4 5

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Covenant Asset Management's Q2 2023 Portfolio in Review

As of Q2 2023, Covenant Asset Management held 175 positions worth $394M, down 6.2% from $420M the previous quarter. Its ten largest holdings account for 32% of the portfolio.

Covenant Asset Management withdrew a net $48.1M in Q2 2023, closing 8 positions and reducing 41 holdings. Its most notable exit was United Therapeutics, an estimated $3.14M position sold in full.

By sector, the portfolio is most concentrated in Technology at 35% of assets, up from 28% a quarter earlier, followed by Healthcare and Industrials.

Against the trend, Covenant Asset Management opened a new position in TransDigm Group worth $3.82M.

  • Covenant Asset Management's largest Q2 2023 buy was TransDigm Group: 4,274 shares worth $3.82M.
  • Covenant Asset Management added most to Intuitive Surgical in Q2 2023, an estimated $3.01M increase.
  • Covenant Asset Management's biggest Q2 2023 reduction was RTX Corp, cutting an estimated $2.38M.
  • Covenant Asset Management fully exited United Therapeutics in Q2 2023, selling an estimated $3.14M.
  • Covenant Asset Management's ten largest holdings make up 32% of its $394M portfolio in Q2 2023.
  • Covenant Asset Management opened 1 new position and closed 8 in Q2 2023.
  • Covenant Asset Management's portfolio value fell 6.2% quarter-over-quarter to $394M.

Based on Covenant Asset Management's 13F filing for Q2 2023, filed 12 Jul 2023.