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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
+17.77%
1 Year Est. Return
+38.14%
3 Year Est. Return
+158.45%
5 Year Est. Return
+212.83%
10 Year Est. Return
–
AUM
$190M
AUM Growth
-$8.15M
(-4.1%)
Cap. Flow
-$13.2M
Cap. Flow
% of AUM
-6.93%
Top 10 Holdings %
Top 10 Hldgs %
28.75%
Holding
157
New
20
Increased
27
Reduced
73
Closed
22
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Trade Desk
TTD
|
+$2.6M |
| 2 |
Intuit
INTU
|
+$2.27M |
| 3 |
Etsy
ETSY
|
+$1.87M |
| 4 |
Boeing
BA
|
+$1.77M |
| 5 |
Idexx Laboratories
IDXX
|
+$1.26M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ligand Pharmaceuticals
LGND
|
+$2.85M |
| 2 |
Raymond James Financial
RJF
|
+$2.44M |
| 3 |
State Street SPDR S&P Biotech ETF
XBI
|
+$2.3M |
| 4 |
RTN
Raytheon Company
RTN
|
+$2.23M |
| 5 |
BYM
BlackRock Municipal Income Quality Trust
BYM
|
+$2.14M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.51% |
| 2 | Healthcare | 16.62% |
| 3 | Communication Services | 10.98% |
| 4 | Financials | 9.26% |
| 5 | Consumer Discretionary | 6.52% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Invesco QQQ Trust
QQQ
$436B
| $1.36M | 0.71% |
7,567
+5,677
| +300% | +$963K |
|
52
3M
MMM
$91.8B
| $1.32M | 0.7% |
7,629
+189
| +3% | +$31.8K |
|
53
WisdomTree Emerging Markets SmallCap Dividend Fund
DGS
$1.66B
| $1.2M | 0.63% |
25,557
-4,400
| -15% | -$201K |
|
54
Biogen
BIIB
$30.9B
| $1.2M | 0.63% |
5,055
-185
| -4% | -$58.3K |
|
55
Bank of America
BAC
$429B
| $1.17M | 0.62% |
42,436
+9,842
| +30% | +$278K |
|
56
Vanguard Real Estate ETF
VNQ
$39.9B
| $1.13M | 0.59% |
12,969
-210
| -2% | -$17.3K |
|
57
Oracle
ORCL
$339B
| $1.05M | 0.55% |
19,500
| – | – |
|
|
SIVB
58
DELISTED
SVB Financial Group
SIVB
| $1.05M | 0.55% |
4,707
-756
| -14% | -$176K |
|
|
ABMD
59
DELISTED
Abiomed Inc
ABMD
| $1.03M | 0.54% |
+3,612
| New | +$1.2M |
|
|
60
CALL
Boeing
BA
$169B
| $1.03M | 0.54% |
+2,700
| New | +$1.04M |
|
61
Planet Fitness
PLNT
$4.45B
| $1.01M | 0.53% |
+14,662
| New | +$888K |
|
62
ExxonMobil
XOM
$650B
| $995K | 0.52% |
12,314
-1,699
| -12% | -$130K |
|
63
Align Technology
ALGN
$12.9B
| $993K | 0.52% |
+3,494
| New | +$834K |
|
64
Valero Energy
VLO
$89.5B
| $947K | 0.5% |
11,165
-126
| -1% | -$10.4K |
|
65
Vanguard Morningstar Total Stock Market ETF
VTI
$646B
| $938K | 0.49% |
6,480
-934
| -13% | -$130K |
|
66
Incyte
INCY
$25.8B
| $921K | 0.48% |
+10,710
| New | +$871K |
|
67
RTX Corp
RTX
$290B
| $910K | 0.48% |
11,222
-1,954
| -15% | -$148K |
|
68
Bristol-Myers Squibb
BMY
$129B
| $878K | 0.46% |
18,406
+1,830
| +11% | +$91.2K |
|
69
Waste Management
WM
$95B
| $844K | 0.44% |
8,125
| – | – |
|
70
Pfizer
PFE
$143B
| $829K | 0.44% |
20,576
-501
| -2% | -$20.1K |
|
71
Paychex
PAYX
$43.4B
| $790K | 0.42% |
9,855
-770
| -7% | -$56.8K |
|
72
Thermo Fisher Scientific
TMO
$214B
| $781K | 0.41% |
+2,854
| New | +$710K |
|
73
iShares S&P Small-Cap 600 Value ETF
IJS
$8.12B
| $763K | 0.4% |
10,346
-1,920
| -16% | -$142K |
|
74
iShares US Real Estate ETF
IYR
$4.75B
| $751K | 0.39% |
8,628
-277
| -3% | -$22.9K |
|
75
FedEx
FDX
$73B
| $736K | 0.39% |
4,055
-3,275
| -45% | -$579K |
|
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Covenant Asset Management's Q1 2019 Portfolio in Review
As of Q1 2019, Covenant Asset Management held 157 positions worth $190M, down 4.1% from $198M the previous quarter. Its ten largest holdings account for 29% of the portfolio.
Covenant Asset Management withdrew a net $13.2M in Q1 2019, closing 22 positions and reducing 73 holdings. Its most notable exit was Ligand Pharmaceuticals, an estimated $2.85M position sold in full.
By sector, the portfolio is most concentrated in Technology at 23% of assets, up from 21% a quarter earlier, followed by Healthcare and Communication Services.
Against the trend, Covenant Asset Management opened a new position in Trade Desk worth $3.15M.
- Covenant Asset Management's largest Q1 2019 buy was Trade Desk: 158,870 shares worth $3.15M.
- Covenant Asset Management added most to Boeing in Q1 2019, an estimated $1.77M increase.
- Covenant Asset Management's biggest Q1 2019 reduction was State Street SPDR S&P Biotech ETF, cutting an estimated $2.3M.
- Covenant Asset Management fully exited Ligand Pharmaceuticals in Q1 2019, selling an estimated $2.85M.
- Covenant Asset Management's ten largest holdings make up 29% of its $190M portfolio in Q1 2019.
- Covenant Asset Management opened 20 new positions and closed 22 in Q1 2019.
- Covenant Asset Management's portfolio value fell 4.1% quarter-over-quarter to $190M.
Based on Covenant Asset Management's 13F filing for Q1 2019, filed 26 Apr 2019.