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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
-16.73%
1 Year Est. Return
+38.14%
3 Year Est. Return
+158.45%
5 Year Est. Return
+212.83%
10 Year Est. Return
–
AUM
$315M
AUM Growth
-$55.3M
(-15%)
Cap. Flow
-$38.2M
Cap. Flow
% of AUM
-12.15%
Top 10 Holdings %
Top 10 Hldgs %
28.96%
Holding
159
New
6
Increased
42
Reduced
46
Closed
18
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Broadcom
AVGO
|
+$2.93M |
| 2 |
Vertex Pharmaceuticals
VRTX
|
+$2.86M |
| 3 |
L3Harris
LHX
|
+$2.68M |
| 4 |
Enphase Energy
ENPH
|
+$2.6M |
| 5 |
Eli Lilly
LLY
|
+$2.55M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ameresco
AMRC
|
+$4.84M |
| 2 |
Intuitive Surgical
ISRG
|
+$2.86M |
| 3 |
Boeing
BA
|
+$2.43M |
| 4 |
Regeneron Pharmaceuticals
REGN
|
+$2.02M |
| 5 |
Amazon
AMZN
|
+$1.68M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 30.83% |
| 2 | Healthcare | 14.12% |
| 3 | Industrials | 8.82% |
| 4 | Consumer Discretionary | 6.78% |
| 5 | Communication Services | 6.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
STAAR Surgical
STAA
$1.19B
| $2.29M | 0.73% |
32,280
-646
| -2% | -$41.6K |
|
|
BYM
52
DELISTED
BlackRock Municipal Income Quality Trust
BYM
| $2.22M | 0.7% |
178,821
-3,125
| -2% | -$38.5K |
|
53
PayPal
PYPL
$49.9B
| $2.18M | 0.69% |
31,236
+574
| +2% | +$49.8K |
|
54
Fortinet
FTNT
$112B
| $2.06M | 0.65% |
36,430
+18,475
| +103% | +$1.1M |
|
55
Invesco QQQ Trust
QQQ
$436B
| $2.04M | 0.65% |
7,270
+445
| +7% | +$138K |
|
56
Waste Management
WM
$95B
| $2.03M | 0.65% |
13,298
+68
| +0.5% | +$10.7K |
|
57
Bristol-Myers Squibb
BMY
$129B
| $1.93M | 0.61% |
25,105
+47
| +0.2% | +$3.58K |
|
58
JPMorgan Chase
JPM
$916B
| $1.85M | 0.59% |
16,467
+222
| +1% | +$27.5K |
|
59
Deckers Outdoor
DECK
$14.1B
| $1.74M | 0.55% |
40,920
-1,026
| -2% | -$44.8K |
|
60
Enterprise Products Partners
EPD
$83.7B
| $1.73M | 0.55% |
71,081
-268
| -0.4% | -$7.05K |
|
61
Blackrock
BLK
$167B
| $1.67M | 0.53% |
2,739
-37
| -1% | -$24.1K |
|
62
Alphabet (Google) Class C
GOOG
$4.11T
| $1.65M | 0.52% |
15,080
| – | – |
|
63
Vanguard Morningstar Value ETF
VTV
$188B
| $1.64M | 0.52% |
12,454
+66
| +0.5% | +$9.31K |
|
64
BlackRock Corporate High Yield Fund
HYT
$1.35B
| $1.64M | 0.52% |
172,150
+140
| +0.1% | +$1.41K |
|
65
Yeti Holdings
YETI
$3.87B
| $1.63M | 0.52% |
37,684
-1,587
| -4% | -$77.1K |
|
66
United Therapeutics
UTHR
$26.1B
| $1.62M | 0.52% |
+6,890
| New | +$1.4M |
|
67
Vanguard Real Estate ETF
VNQ
$39.9B
| $1.61M | 0.51% |
17,655
+97
| +0.6% | +$9.67K |
|
68
DexCom
DXCM
$29B
| $1.58M | 0.5% |
21,272
-5,012
| -19% | -$457K |
|
69
State Street SPDR Portfolio TIPS ETF
SPIP
$1.01B
| $1.57M | 0.5% |
56,953
| – | – |
|
70
Thermo Fisher Scientific
TMO
$214B
| $1.52M | 0.48% |
2,798
| – | – |
|
71
ServiceNow
NOW
$120B
| $1.5M | 0.48% |
15,825
-160
| -1% | -$15.3K |
|
72
Expedia Group
EXPE
$36.5B
| $1.5M | 0.48% |
15,805
-540
| -3% | -$76.5K |
|
73
Home Depot
HD
$337B
| $1.48M | 0.47% |
5,386
+129
| +2% | +$38.1K |
|
74
Valero Energy
VLO
$89.5B
| $1.37M | 0.43% |
12,862
+51
| +0.4% | +$6.04K |
|
75
Verizon
VZ
$197B
| $1.37M | 0.43% |
26,927
-300
| -1% | -$15.2K |
|
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Covenant Asset Management's Q2 2022 Portfolio in Review
As of Q2 2022, Covenant Asset Management held 159 positions worth $315M, down 15% from $370M the previous quarter. Its ten largest holdings account for 29% of the portfolio.
Covenant Asset Management withdrew a net $38.2M in Q2 2022, closing 18 positions and reducing 46 holdings. Its most notable exit was Ameresco, an estimated $4.84M position sold in full.
By sector, the portfolio is most concentrated in Technology at 31% of assets, down from 35% a quarter earlier, followed by Healthcare and Industrials.
Against the trend, Covenant Asset Management opened a new position in Vertex Pharmaceuticals worth $3.01M.
- Covenant Asset Management's largest Q2 2022 buy was Vertex Pharmaceuticals: 10,680 shares worth $3.01M.
- Covenant Asset Management added most to Broadcom in Q2 2022, an estimated $2.93M increase.
- Covenant Asset Management's biggest Q2 2022 reduction was Intuitive Surgical, cutting an estimated $2.86M.
- Covenant Asset Management fully exited Ameresco in Q2 2022, selling an estimated $4.84M.
- Covenant Asset Management's ten largest holdings make up 29% of its $315M portfolio in Q2 2022.
- Covenant Asset Management opened 6 new positions and closed 18 in Q2 2022.
- Covenant Asset Management's portfolio value fell 15% quarter-over-quarter to $315M.
Based on Covenant Asset Management's 13F filing for Q2 2022, filed 21 Jul 2022.