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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
-2.65%
1 Year Est. Return
+38.14%
3 Year Est. Return
+158.45%
5 Year Est. Return
+212.83%
10 Year Est. Return
–
AUM
$379M
AUM Growth
-$14.8M
Cap. Flow
-$33.7M
Cap. Flow %
-8.87%
Top 10 Hldgs %
36.31%
Holding
165
New
5
Increased
46
Reduced
45
Closed
5

Top Buys

Rank Stock Value
1
REGN icon
Regeneron Pharmaceuticals
REGN
+$1.52M
2
DE icon
Deere & Co
DE
+$1.26M
3
NBIX icon
Neurocrine Biosciences
NBIX
+$1.22M
4
UBER icon
Uber
UBER
+$1.05M
5
SPGI icon
S&P Global
SPGI
+$611K

Top Sells

Rank Stock Value
1
DXCM icon
DexCom
DXCM
+$3.87M
2
UNH icon
UnitedHealth
UNH
+$1.17M
3
SEDG icon
SolarEdge
SEDG
+$767K
4
AMZN icon
Amazon
AMZN
+$412K
5
MMP
Magellan Midstream Partners, L.P.
MMP
+$386K

Sector Composition

Rank Sector Weight
1 Technology 33.6%
2 Healthcare 12.81%
3 Industrials 8.48%
4 Consumer Discretionary 7.28%
5 Communication Services 6.92%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ADBE icon
26
Adobe
ADBE
$98.5B
$4.03M 1.06%
7,906
+2
+0% +$1.05K
ABBV icon
27
AbbVie
ABBV
$455B
$3.86M 1.02%
25,883
-76
-0.3% -$11.2K
VRTX icon
28
Vertex Pharmaceuticals
VRTX
$122B
$3.84M 1.01%
11,042
-9
-0.1% -$3.15K
NOW icon
29
ServiceNow
NOW
$114B
$3.76M 0.99%
33,620
+245
+0.7% +$27.9K
TDG icon
30
TransDigm Group
TDG
$69.9B
$3.59M 0.95%
4,253
-21
-0.5% -$18.4K
QQQ icon
31
PUT
Invesco QQQ Trust
QQQ
$450B
– –
0
– –
ISRG icon
32
Intuitive Surgical
ISRG
$126B
$3.5M 0.92%
11,986
-8
-0.1% -$2.5K
ULTA icon
33
Ulta Beauty
ULTA
$22.2B
$3.5M 0.92%
8,754
-149
-2% -$65.1K
JNJ icon
34
Johnson & Johnson
JNJ
$617B
$3.47M 0.92%
22,300
-1,563
-7% -$258K
DECK icon
35
Deckers Outdoor
DECK
$13.6B
$3.45M 0.91%
40,308
-294
-0.7% -$26.3K
SPY icon
36
State Street SPDR S&P 500 ETF Trust
SPY
$784B
$3.44M 0.91%
8,042
+279
+4% +$124K
ROK icon
37
Rockwell Automation
ROK
$52.4B
$3.38M 0.89%
11,830
-166
-1% -$51.3K
NBIX icon
38
Neurocrine Biosciences
NBIX
$18.7B
$3.38M 0.89%
30,051
+11,628
+63% +$1.22M
UNH icon
39
UnitedHealth
UNH
$383B
$3.36M 0.89%
6,669
-2,386
-26% -$1.17M
KLAC icon
40
KLA
KLAC
$236B
$3.26M 0.86%
71,010
+280
+0.4% +$13.4K
COST icon
41
Costco
COST
$423B
$3.25M 0.86%
5,754
– –
CMG icon
42
Chipotle Mexican Grill
CMG
$49.4B
$3.24M 0.85%
88,350
+150
+0.2% +$5.85K
FANG icon
43
Diamondback Energy
FANG
$56.2B
$3.1M 0.82%
20,007
-372
-2% -$54.9K
IDXX icon
44
Idexx Laboratories
IDXX
$44.1B
$2.89M 0.76%
6,616
-15
-0.2% -$7.48K
META icon
45
Meta Platforms (Facebook)
META
$1.37T
$2.86M 0.75%
9,527
+38
+0.4% +$11.4K
SEDG icon
46
CALL
SolarEdge
SEDG
$2.54B
– –
0
– –
KLAC icon
47
CALL
KLA
KLAC
$236B
– –
0
– –
KLAC icon
48
PUT
KLA
KLAC
$236B
– –
0
– –
QQQ icon
49
Invesco QQQ Trust
QQQ
$450B
$2.68M 0.71%
7,494
-147
-2% -$54.5K
BA icon
50
Boeing
BA
$175B
$2.68M 0.71%
13,965
-729
-5% -$159K
1
2
3 4 5

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Covenant Asset Management's Q3 2023 Portfolio in Review

As of Q3 2023, Covenant Asset Management held 165 positions worth $379M, down 3.8% from $394M the previous quarter. Its ten largest holdings account for 36% of the portfolio.

Covenant Asset Management withdrew a net $33.7M in Q3 2023, closing 5 positions and reducing 45 holdings. Its most notable exit was DexCom, an estimated $3.87M position sold in full.

By sector, the portfolio is most concentrated in Technology at 34% of assets, down from 35% a quarter earlier, followed by Healthcare and Industrials.

Against the trend, Covenant Asset Management opened a new position in Uber worth $1.06M.

  • Covenant Asset Management's largest Q3 2023 buy was Uber: 23,004 shares worth $1.06M.
  • Covenant Asset Management added most to Regeneron Pharmaceuticals in Q3 2023, an estimated $1.52M increase.
  • Covenant Asset Management's biggest Q3 2023 reduction was UnitedHealth, cutting an estimated $1.17M.
  • Covenant Asset Management fully exited DexCom in Q3 2023, selling an estimated $3.87M.
  • Covenant Asset Management's ten largest holdings make up 36% of its $379M portfolio in Q3 2023.
  • Covenant Asset Management opened 5 new positions and closed 5 in Q3 2023.
  • Covenant Asset Management's portfolio value fell 3.8% quarter-over-quarter to $379M.

Based on Covenant Asset Management's 13F filing for Q3 2023, filed 31 Oct 2023.