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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
+3.77%
1 Year Est. Return
+38.14%
3 Year Est. Return
+158.45%
5 Year Est. Return
+212.83%
10 Year Est. Return
–
AUM
$636M
AUM Growth
+$7.31M
Cap. Flow
-$21.2M
Cap. Flow %
-3.33%
Top 10 Hldgs %
40.42%
Holding
177
New
5
Increased
42
Reduced
59
Closed
6

Top Buys

Rank Stock Value
1
JEF icon
Jefferies Financial Group
JEF
+$3.08M
2
SPOT icon
Spotify
SPOT
+$3.04M
3
TW icon
Tradeweb Markets
TW
+$3.03M
4
AMD icon
Advanced Micro Devices
AMD
+$1.57M
5
NFLX icon
Netflix
NFLX
+$1.16M

Top Sells

Rank Stock Value
1
DE icon
Deere & Co
DE
+$4.55M
2
NBIX icon
Neurocrine Biosciences
NBIX
+$3.9M
3
MEDP icon
Medpace
MEDP
+$3.69M
4
NVDA icon
NVIDIA
NVDA
+$1.74M
5
MCHP icon
Microchip Technology
MCHP
+$722K

Sector Composition

Rank Sector Weight
1 Technology 31.01%
2 Healthcare 8.31%
3 Communication Services 7.86%
4 Industrials 5.18%
5 Consumer Discretionary 4.64%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ASML icon
26
ASML
ASML
$634B
$6.74M 1.06%
8,086
+63
+0.8% +$56.3K
REGN icon
27
Regeneron Pharmaceuticals
REGN
$77.4B
$6.67M 1.05%
6,343
-7
-0.1% -$7.79K
NOW icon
28
ServiceNow
NOW
$114B
$6.51M 1.02%
36,410
-25
-0.1% -$4.11K
SNPS icon
29
Synopsys
SNPS
$71.3B
$6.32M 0.99%
12,475
-311
-2% -$167K
SPY icon
30
State Street SPDR S&P 500 ETF Trust
SPY
$784B
$6.24M 0.98%
10,884
+326
+3% +$180K
JPM icon
31
JPMorgan Chase
JPM
$933B
$6.15M 0.97%
29,185
-393
-1% -$82.8K
VRTX icon
32
Vertex Pharmaceuticals
VRTX
$122B
$5.94M 0.93%
12,764
+118
+0.9% +$56.7K
TDG icon
33
TransDigm Group
TDG
$69.9B
$5.87M 0.92%
4,113
-9
-0.2% -$11.7K
NVDA icon
34
CALL
NVIDIA
NVDA
$4.72T
– –
0
– –
KLAC icon
35
KLA
KLAC
$236B
$5.6M 0.88%
72,290
+120
+0.2% +$9.41K
ISRG icon
36
Intuitive Surgical
ISRG
$126B
$5.45M 0.86%
11,090
-6
-0.1% -$2.79K
ADP icon
37
Automatic Data Processing
ADP
$105B
$5.11M 0.8%
18,477
-624
-3% -$163K
HWM icon
38
Howmet Aerospace
HWM
$111B
$4.99M 0.78%
49,793
+220
+0.4% +$19.9K
CMG icon
39
Chipotle Mexican Grill
CMG
$49.4B
$4.98M 0.78%
86,473
+98
+0.1% +$5.42K
ABBV icon
40
AbbVie
ABBV
$455B
$4.89M 0.77%
24,770
-970
-4% -$181K
DECK icon
41
PUT
Deckers Outdoor
DECK
$13.6B
– –
0
– –
UNH icon
42
UnitedHealth
UNH
$383B
$4.68M 0.74%
8,009
-103
-1% -$58.3K
ARM icon
43
Arm
ARM
$258B
$4.62M 0.73%
32,312
+285
+0.9% +$40.5K
COST icon
44
PUT
Costco
COST
$423B
– –
0
– –
LLY icon
45
PUT
Eli Lilly
LLY
$1.03T
– –
0
– –
LNG icon
46
Cheniere Energy
LNG
$54.1B
$4.36M 0.69%
24,234
-165
-0.7% -$29.7K
COST icon
47
Costco
COST
$423B
$4.11M 0.65%
4,633
– –
QQQ icon
48
Invesco QQQ Trust
QQQ
$450B
$4.09M 0.64%
8,378
+142
+2% +$67.2K
UBER icon
49
Uber
UBER
$143B
$4.03M 0.63%
53,651
+337
+0.6% +$23.7K
ODFL icon
50
Old Dominion Freight Line
ODFL
$44.2B
$3.55M 0.56%
17,861
+137
+0.8% +$26.6K
1
2
3 4 5

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Covenant Asset Management's Q3 2024 Portfolio in Review

As of Q3 2024, Covenant Asset Management held 177 positions worth $636M, up 1.2% from $629M the previous quarter. Its ten largest holdings account for 40% of the portfolio.

Covenant Asset Management withdrew a net $21.2M in Q3 2024, closing 6 positions and reducing 59 holdings. Its most notable exit was Deere & Co, an estimated $4.55M position sold in full.

By sector, the portfolio is most concentrated in Technology at 31% of assets, down from 32% a quarter earlier, followed by Healthcare and Communication Services.

Against the trend, Covenant Asset Management opened a new position in Jefferies Financial Group worth $3.34M.

  • Covenant Asset Management's largest Q3 2024 buy was Jefferies Financial Group: 54,216 shares worth $3.34M.
  • Covenant Asset Management added most to Advanced Micro Devices in Q3 2024, an estimated $1.57M increase.
  • Covenant Asset Management's biggest Q3 2024 reduction was NVIDIA, cutting an estimated $1.74M.
  • Covenant Asset Management fully exited Deere & Co in Q3 2024, selling an estimated $4.55M.
  • Covenant Asset Management's ten largest holdings make up 40% of its $636M portfolio in Q3 2024.
  • Covenant Asset Management opened 5 new positions and closed 6 in Q3 2024.
  • Covenant Asset Management's portfolio value rose 1.2% quarter-over-quarter to $636M.

Based on Covenant Asset Management's 13F filing for Q3 2024, filed 12 Nov 2024.