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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
+17.74%
1 Year Est. Return
+38.14%
3 Year Est. Return
+158.45%
5 Year Est. Return
+212.83%
10 Year Est. Return
–
AUM
$610M
AUM Growth
+$53M
Cap. Flow
-$21.8M
Cap. Flow %
-3.57%
Top 10 Hldgs %
47.24%
Holding
163
New
8
Increased
69
Reduced
33
Closed
10

Top Buys

Rank Stock Value
1
META icon
Meta Platforms (Facebook)
META
+$4.49M
2
HWM icon
Howmet Aerospace
HWM
+$3.05M
3
LHX icon
L3Harris
LHX
+$994K
4
MCHP icon
Microchip Technology
MCHP
+$703K
5
UNH icon
UnitedHealth
UNH
+$628K

Top Sells

Rank Stock Value
1
ROK icon
Rockwell Automation
ROK
+$3.68M
2
BA icon
Boeing
BA
+$3.54M
3
EOG icon
EOG Resources
EOG
+$1.55M
4
LMT icon
Lockheed Martin
LMT
+$941K
5
CSCO icon
Cisco
CSCO
+$791K

Sector Composition

Rank Sector Weight
1 Technology 28.5%
2 Healthcare 9.33%
3 Consumer Discretionary 6.07%
4 Communication Services 6.06%
5 Industrials 6.01%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
JPM icon
26
JPMorgan Chase
JPM
$940B
$6.1M 1%
30,431
+1,195
+4% +$216K
DECK icon
27
Deckers Outdoor
DECK
$13.4B
$6.09M 1%
38,850
-528
-1% -$73.2K
SPY icon
28
State Street SPDR S&P 500 ETF Trust
SPY
$788B
$5.5M 0.9%
10,512
+943
+10% +$469K
NOW icon
29
ServiceNow
NOW
$115B
$5.42M 0.89%
35,555
+1,805
+5% +$273K
ODFL icon
30
Old Dominion Freight Line
ODFL
$44.2B
$5.37M 0.88%
24,466
+604
+3% +$126K
DE icon
31
Deere & Co
DE
$160B
$5.15M 0.84%
12,531
+87
+0.7% +$33.3K
TDG icon
32
TransDigm Group
TDG
$70.4B
$5.07M 0.83%
4,119
+5
+0.1% +$5.63K
VRTX icon
33
Vertex Pharmaceuticals
VRTX
$121B
$5.05M 0.83%
12,093
+799
+7% +$338K
CMG icon
34
Chipotle Mexican Grill
CMG
$47.7B
$5.05M 0.83%
86,800
+550
+0.6% +$28.1K
KLAC icon
35
KLA
KLAC
$244B
$4.99M 0.82%
71,460
+1,250
+2% +$80.3K
ADP icon
36
Automatic Data Processing
ADP
$106B
$4.93M 0.81%
19,742
+17
+0.1% +$4.15K
ABBV icon
37
AbbVie
ABBV
$446B
$4.7M 0.77%
25,837
+1,220
+5% +$210K
ISRG icon
38
Intuitive Surgical
ISRG
$127B
$4.36M 0.72%
10,924
+122
+1% +$46.1K
ADBE icon
39
Adobe
ADBE
$99.1B
$4.12M 0.68%
8,155
+207
+3% +$119K
UBER icon
40
Uber
UBER
$142B
$4.08M 0.67%
52,971
+157
+0.3% +$11.3K
LNG icon
41
Cheniere Energy
LNG
$54.9B
$3.98M 0.65%
24,654
-58
-0.2% -$9.32K
NBIX icon
42
Neurocrine Biosciences
NBIX
$16.8B
$3.9M 0.64%
28,306
+535
+2% +$73.1K
UNH icon
43
UnitedHealth
UNH
$381B
$3.9M 0.64%
7,875
+1,235
+19% +$628K
FANG icon
44
Diamondback Energy
FANG
$56.7B
$3.73M 0.61%
18,811
-240
-1% -$40.7K
QQQ icon
45
Invesco QQQ Trust
QQQ
$453B
$3.7M 0.61%
8,322
+289
+4% +$124K
IDXX icon
46
Idexx Laboratories
IDXX
$43.7B
$3.5M 0.57%
6,484
+98
+2% +$53.6K
NFLX icon
47
Netflix
NFLX
$298B
$3.46M 0.57%
56,950
-50
-0.1% -$2.82K
COST icon
48
Costco
COST
$422B
$3.42M 0.56%
4,669
+40
+0.9% +$28.6K
HWM icon
49
Howmet Aerospace
HWM
$113B
$3.4M 0.56%
+49,714
New +$3.05M
JNJ icon
50
Johnson & Johnson
JNJ
$620B
$3.07M 0.5%
19,410
-391
-2% -$62.2K
1
2
3 4 5

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Covenant Asset Management's Q1 2024 Portfolio in Review

As of Q1 2024, Covenant Asset Management held 163 positions worth $610M, up 9.5% from $557M the previous quarter. Its ten largest holdings account for 47% of the portfolio.

Covenant Asset Management withdrew a net $21.8M in Q1 2024, closing 10 positions and reducing 33 holdings. Its most notable exit was Rockwell Automation, an estimated $3.68M position sold in full.

By sector, the portfolio is most concentrated in Technology at 29% of assets, up from 27% a quarter earlier, followed by Healthcare and Consumer Discretionary.

Against the trend, Covenant Asset Management opened a new position in Howmet Aerospace worth $3.4M.

  • Covenant Asset Management's largest Q1 2024 buy was Howmet Aerospace: 49,714 shares worth $3.4M.
  • Covenant Asset Management added most to Meta Platforms (Facebook) in Q1 2024, an estimated $4.49M increase.
  • Covenant Asset Management's biggest Q1 2024 reduction was Lockheed Martin, cutting an estimated $941K.
  • Covenant Asset Management fully exited Rockwell Automation in Q1 2024, selling an estimated $3.68M.
  • Covenant Asset Management's ten largest holdings make up 47% of its $610M portfolio in Q1 2024.
  • Covenant Asset Management opened 8 new positions and closed 10 in Q1 2024.
  • Covenant Asset Management's portfolio value rose 9.5% quarter-over-quarter to $610M.

Based on Covenant Asset Management's 13F filing for Q1 2024, filed 23 Apr 2024.