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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
+9.07%
1 Year Est. Return
+38.14%
3 Year Est. Return
+158.45%
5 Year Est. Return
+212.83%
10 Year Est. Return
–
AUM
$629M
AUM Growth
+$19M
Cap. Flow
-$22.7M
Cap. Flow %
-3.61%
Top 10 Hldgs %
43.62%
Holding
174
New
16
Increased
37
Reduced
65
Closed
8

Top Buys

Rank Stock Value
1
ELF icon
e.l.f. Beauty
ELF
+$3.99M
2
ARM icon
Arm
ARM
+$3.98M
3
MEDP icon
Medpace
MEDP
+$3.55M
4
SEDG icon
SolarEdge
SEDG
+$2.42M
5
NFLX icon
Netflix
NFLX
+$1.89M

Top Sells

Rank Stock Value
1
IDXX icon
Idexx Laboratories
IDXX
+$3.5M
2
DECK icon
Deckers Outdoor
DECK
+$2.87M
3
ADBE icon
Adobe
ADBE
+$2.8M
4
ULTA icon
Ulta Beauty
ULTA
+$2.78M
5
ODFL icon
Old Dominion Freight Line
ODFL
+$1.27M

Sector Composition

Rank Sector Weight
1 Technology 31.53%
2 Healthcare 9.42%
3 Communication Services 6.91%
4 Industrials 5.38%
5 Consumer Discretionary 4.82%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
JPM icon
26
JPMorgan Chase
JPM
$950B
$5.98M 0.95%
29,578
-853
-3% -$167K
KLAC icon
27
KLA
KLAC
$249B
$5.95M 0.95%
72,170
+710
+1% +$52.5K
VRTX icon
28
Vertex Pharmaceuticals
VRTX
$124B
$5.93M 0.94%
12,646
+553
+5% +$240K
NFLX icon
29
Netflix
NFLX
$301B
$5.88M 0.94%
87,150
+30,200
+53% +$1.89M
SPY icon
30
State Street SPDR S&P 500 ETF Trust
SPY
$783B
$5.75M 0.91%
10,558
+46
+0.4% +$24.1K
NOW icon
31
ServiceNow
NOW
$114B
$5.73M 0.91%
36,435
+880
+2% +$129K
CMG icon
32
Chipotle Mexican Grill
CMG
$43B
$5.41M 0.86%
86,375
-425
-0.5% -$26.4K
TDG icon
33
TransDigm Group
TDG
$73.2B
$5.27M 0.84%
4,122
+3
+0.1% +$3.85K
ARM icon
34
Arm
ARM
$261B
$5.24M 0.83%
+32,027
New +$3.98M
ISRG icon
35
Intuitive Surgical
ISRG
$130B
$4.94M 0.79%
11,096
+172
+2% +$68.5K
ELF icon
36
e.l.f. Beauty
ELF
$4.96B
$4.73M 0.75%
+22,454
New +$3.99M
ADP icon
37
Automatic Data Processing
ADP
$106B
$4.56M 0.73%
19,101
-641
-3% -$157K
DE icon
38
Deere & Co
DE
$173B
$4.55M 0.72%
12,170
-361
-3% -$141K
ABBV icon
39
AbbVie
ABBV
$465B
$4.41M 0.7%
25,740
-97
-0.4% -$16.1K
LNG icon
40
Cheniere Energy
LNG
$52.8B
$4.27M 0.68%
24,399
-255
-1% -$40.6K
SNPS icon
41
CALL
Synopsys
SNPS
$73.5B
– –
0
– –
SNPS icon
42
PUT
Synopsys
SNPS
$73.5B
– –
0
– –
UNH icon
43
UnitedHealth
UNH
$389B
$4.13M 0.66%
8,112
+237
+3% +$116K
QQQ icon
44
Invesco QQQ Trust
QQQ
$445B
$3.95M 0.63%
8,236
-86
-1% -$38.7K
COST icon
45
Costco
COST
$429B
$3.94M 0.63%
4,633
-36
-0.8% -$28.1K
NBIX icon
46
Neurocrine Biosciences
NBIX
$18.4B
$3.9M 0.62%
28,343
+37
+0.1% +$5.07K
UBER icon
47
Uber
UBER
$144B
$3.87M 0.62%
53,314
+343
+0.6% +$23.8K
HWM icon
48
Howmet Aerospace
HWM
$114B
$3.85M 0.61%
49,573
-141
-0.3% -$10.7K
FANG icon
49
Diamondback Energy
FANG
$53.5B
$3.74M 0.6%
18,694
-117
-0.6% -$23.2K
MEDP icon
50
Medpace
MEDP
$15.9B
$3.69M 0.59%
+8,953
New +$3.55M
1
2
3 4 5

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Covenant Asset Management's Q2 2024 Portfolio in Review

As of Q2 2024, Covenant Asset Management held 174 positions worth $629M, up 3.1% from $610M the previous quarter. Its ten largest holdings account for 44% of the portfolio.

Covenant Asset Management withdrew a net $22.7M in Q2 2024, closing 8 positions and reducing 65 holdings. Its most notable exit was Idexx Laboratories, an estimated $3.5M position sold in full.

By sector, the portfolio is most concentrated in Technology at 32% of assets, up from 29% a quarter earlier, followed by Healthcare and Communication Services.

Against the trend, Covenant Asset Management opened a new position in e.l.f. Beauty worth $4.73M.

  • Covenant Asset Management's largest Q2 2024 buy was e.l.f. Beauty: 22,454 shares worth $4.73M.
  • Covenant Asset Management added most to SolarEdge in Q2 2024, an estimated $2.42M increase.
  • Covenant Asset Management's biggest Q2 2024 reduction was Deckers Outdoor, cutting an estimated $2.87M.
  • Covenant Asset Management fully exited Idexx Laboratories in Q2 2024, selling an estimated $3.5M.
  • Covenant Asset Management's ten largest holdings make up 44% of its $629M portfolio in Q2 2024.
  • Covenant Asset Management opened 16 new positions and closed 8 in Q2 2024.
  • Covenant Asset Management's portfolio value rose 3.1% quarter-over-quarter to $629M.

Based on Covenant Asset Management's 13F filing for Q2 2024, filed 2 Aug 2024.