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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
+15.65%
1 Year Est. Return
+38.14%
3 Year Est. Return
+158.45%
5 Year Est. Return
+212.83%
10 Year Est. Return
–
AUM
$557M
AUM Growth
+$177M
Cap. Flow
-$16.1M
Cap. Flow %
-2.89%
Top 10 Hldgs %
45.96%
Holding
167
New
10
Increased
38
Reduced
71
Closed
10

Top Buys

Rank Stock Value
1
ANET icon
Arista Networks
ANET
+$4.47M
2
UBER icon
Uber
UBER
+$1.56M
3
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$680K
4
CAT icon
Caterpillar
CAT
+$569K
5
UNP icon
Union Pacific
UNP
+$364K

Top Sells

Rank Stock Value
1
ON icon
ON Semiconductor
ON
+$4.26M
2
MSFT icon
Microsoft
MSFT
+$1.77M
3
ULTA icon
Ulta Beauty
ULTA
+$1.45M
4
ENPH icon
Enphase Energy
ENPH
+$1.44M
5
SCHP icon
Schwab US TIPS ETF
SCHP
+$970K

Sector Composition

Rank Sector Weight
1 Technology 26.74%
2 Healthcare 9.16%
3 Industrials 6.47%
4 Consumer Discretionary 5.45%
5 Communication Services 4.92%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DE icon
26
Deere & Co
DE
$162B
$4.98M 0.89%
12,444
-2,371
-16% -$894K
JPM icon
27
JPMorgan Chase
JPM
$933B
$4.97M 0.89%
29,236
-818
-3% -$124K
ODFL icon
28
Old Dominion Freight Line
ODFL
$44.2B
$4.84M 0.87%
23,862
-96
-0.4% -$19K
NOW icon
29
ServiceNow
NOW
$114B
$4.77M 0.86%
33,750
+130
+0.4% +$16.4K
ADBE icon
30
Adobe
ADBE
$98.5B
$4.74M 0.85%
7,948
+42
+0.5% +$24.2K
VRTX icon
31
Vertex Pharmaceuticals
VRTX
$122B
$4.6M 0.83%
11,294
+252
+2% +$93.1K
ADP icon
32
Automatic Data Processing
ADP
$105B
$4.6M 0.83%
19,725
-289
-1% -$67.3K
SPY icon
33
State Street SPDR S&P 500 ETF Trust
SPY
$784B
$4.55M 0.82%
9,569
+1,527
+19% +$680K
DECK icon
34
Deckers Outdoor
DECK
$13.6B
$4.39M 0.79%
39,378
-930
-2% -$94.5K
LNG icon
35
Cheniere Energy
LNG
$54.1B
$4.22M 0.76%
24,712
-720
-3% -$124K
TDG icon
36
TransDigm Group
TDG
$69.9B
$4.16M 0.75%
4,114
-139
-3% -$128K
KLAC icon
37
KLA
KLAC
$236B
$4.08M 0.73%
70,210
-800
-1% -$41.6K
CMG icon
38
Chipotle Mexican Grill
CMG
$49.4B
$3.95M 0.71%
86,250
-2,100
-2% -$87.4K
ABBV icon
39
AbbVie
ABBV
$455B
$3.81M 0.69%
24,617
-1,266
-5% -$185K
ROK icon
40
Rockwell Automation
ROK
$52.4B
$3.68M 0.66%
11,856
+26
+0.2% +$7.29K
NBIX icon
41
Neurocrine Biosciences
NBIX
$18.7B
$3.66M 0.66%
27,771
-2,280
-8% -$262K
ISRG icon
42
Intuitive Surgical
ISRG
$126B
$3.64M 0.65%
10,802
-1,184
-10% -$353K
IDXX icon
43
Idexx Laboratories
IDXX
$44.1B
$3.54M 0.64%
6,386
-230
-3% -$108K
BA icon
44
Boeing
BA
$175B
$3.54M 0.64%
13,594
-371
-3% -$79.3K
UNH icon
45
UnitedHealth
UNH
$383B
$3.5M 0.63%
6,640
-29
-0.4% -$15.5K
META icon
46
Meta Platforms (Facebook)
META
$1.37T
$3.37M 0.61%
9,527
– –
QQQ icon
47
Invesco QQQ Trust
QQQ
$450B
$3.29M 0.59%
8,033
+539
+7% +$205K
UBER icon
48
Uber
UBER
$143B
$3.25M 0.58%
52,814
+29,810
+130% +$1.56M
JNJ icon
49
Johnson & Johnson
JNJ
$617B
$3.1M 0.56%
19,801
-2,499
-11% -$383K
COST icon
50
Costco
COST
$423B
$3.06M 0.55%
4,629
-1,125
-20% -$667K
1
2
3 4 5

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Covenant Asset Management's Q4 2023 Portfolio in Review

As of Q4 2023, Covenant Asset Management held 167 positions worth $557M, up 47% from $379M the previous quarter. Its ten largest holdings account for 46% of the portfolio.

Covenant Asset Management's Q4 2023 filing shows 10 new, 38 increased, 71 reduced and 10 closed positions. Its largest new stake was Arista Networks: 85,192 shares worth $5.02M. The largest sale was ON Semiconductor, an estimated $4.26M.

By sector, the portfolio is most concentrated in Technology at 27% of assets, down from 34% a quarter earlier, followed by Healthcare and Industrials.

  • Covenant Asset Management's largest Q4 2023 buy was Arista Networks: 85,192 shares worth $5.02M.
  • Covenant Asset Management added most to Uber in Q4 2023, an estimated $1.56M increase.
  • Covenant Asset Management's biggest Q4 2023 reduction was Microsoft, cutting an estimated $1.77M.
  • Covenant Asset Management fully exited ON Semiconductor in Q4 2023, selling an estimated $4.26M.
  • Covenant Asset Management's ten largest holdings make up 46% of its $557M portfolio in Q4 2023.
  • Covenant Asset Management opened 10 new positions and closed 10 in Q4 2023.
  • Covenant Asset Management's portfolio value rose 47% quarter-over-quarter to $557M.

Based on Covenant Asset Management's 13F filing for Q4 2023, filed 22 Jan 2024.