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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
+13.3%
1 Year Est. Return
+38.14%
3 Year Est. Return
+158.45%
5 Year Est. Return
+212.83%
10 Year Est. Return
–
AUM
$394M
AUM Growth
-$26.1M
Cap. Flow
-$48.1M
Cap. Flow %
-12.2%
Top 10 Hldgs %
31.57%
Holding
175
New
1
Increased
56
Reduced
41
Closed
8

Top Buys

Rank Stock Value
1
TDG icon
TransDigm Group
TDG
+$3.38M
2
ISRG icon
Intuitive Surgical
ISRG
+$3.01M
3
REGN icon
Regeneron Pharmaceuticals
REGN
+$2.93M
4
IDXX icon
Idexx Laboratories
IDXX
+$1.5M
5
NOW icon
ServiceNow
NOW
+$1.31M

Top Sells

Rank Stock Value
1
UTHR icon
United Therapeutics
UTHR
+$3.14M
2
RTX icon
RTX Corp
RTX
+$2.38M
3
STAA icon
STAAR Surgical
STAA
+$2.12M
4
URI icon
United Rentals
URI
+$1.87M
5
GNRC icon
Generac Holdings
GNRC
+$1.83M

Sector Composition

Rank Sector Weight
1 Technology 34.9%
2 Healthcare 12.99%
3 Industrials 8.37%
4 Consumer Discretionary 7.56%
5 Communication Services 6.57%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
META icon
51
Meta Platforms (Facebook)
META
$1.49T
$2.72M 0.69%
9,489
– –
FANG icon
52
Diamondback Energy
FANG
$56B
$2.68M 0.68%
20,379
-102
-0.5% -$13.7K
NFLX icon
53
Netflix
NFLX
$307B
$2.57M 0.65%
58,250
– –
REGN icon
54
CALL
Regeneron Pharmaceuticals
REGN
$72.9B
– –
0
– –
REGN icon
55
PUT
Regeneron Pharmaceuticals
REGN
$72.9B
– –
0
– –
KLAC icon
56
CALL
KLA
KLAC
$222B
– –
0
– –
KLAC icon
57
PUT
KLA
KLAC
$222B
– –
0
– –
WM icon
58
Waste Management
WM
$95B
$2.33M 0.59%
13,456
-11
-0.1% -$1.82K
ENPH icon
59
Enphase Energy
ENPH
$4.63B
$2.29M 0.58%
13,669
-13
-0.1% -$2.32K
SBUX icon
60
Starbucks
SBUX
$119B
$2.26M 0.57%
22,857
+951
+4% +$98.7K
GOOG icon
61
Alphabet (Google) Class C
GOOG
$4.11T
$2.22M 0.56%
18,340
– –
VTV icon
62
Vanguard Morningstar Value ETF
VTV
$188B
$2.04M 0.52%
14,373
+124
+0.9% +$17.2K
BLK icon
63
Blackrock
BLK
$167B
$1.9M 0.48%
2,749
+46
+2% +$30.8K
COST icon
64
PUT
Costco
COST
$432B
– –
0
– –
INTU icon
65
Intuit
INTU
$91.1B
$1.78M 0.45%
3,880
-3,442
-47% -$1.51M
VLO icon
66
Valero Energy
VLO
$89.5B
$1.77M 0.45%
15,112
+150
+1% +$17.4K
EPD icon
67
Enterprise Products Partners
EPD
$83.7B
$1.77M 0.45%
67,209
+300
+0.4% +$7.84K
HD icon
68
Home Depot
HD
$337B
$1.76M 0.45%
5,665
+39
+0.7% +$11.5K
NBIX icon
69
Neurocrine Biosciences
NBIX
$18.2B
$1.74M 0.44%
18,423
-85
-0.5% -$8.3K
BX icon
70
Blackstone
BX
$104B
$1.63M 0.41%
17,514
+764
+5% +$66K
V icon
71
Visa
V
$677B
$1.57M 0.4%
6,629
-47
-0.7% -$10.8K
CVX icon
72
Chevron
CVX
$382B
$1.56M 0.4%
9,938
+341
+4% +$54.7K
BMY icon
73
Bristol-Myers Squibb
BMY
$129B
$1.56M 0.4%
24,370
-220
-0.9% -$14.8K
APD icon
74
Air Products & Chemicals
APD
$65.5B
$1.54M 0.39%
5,145
+109
+2% +$31K
VNQ icon
75
Vanguard Real Estate ETF
VNQ
$39.9B
$1.49M 0.38%
17,820
– –
1 2
3
4 5

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AIP
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Covenant Asset Management's Q2 2023 Portfolio in Review

As of Q2 2023, Covenant Asset Management held 175 positions worth $394M, down 6.2% from $420M the previous quarter. Its ten largest holdings account for 32% of the portfolio.

Covenant Asset Management withdrew a net $48.1M in Q2 2023, closing 8 positions and reducing 41 holdings. Its most notable exit was United Therapeutics, an estimated $3.14M position sold in full.

By sector, the portfolio is most concentrated in Technology at 35% of assets, up from 28% a quarter earlier, followed by Healthcare and Industrials.

Against the trend, Covenant Asset Management opened a new position in TransDigm Group worth $3.82M.

  • Covenant Asset Management's largest Q2 2023 buy was TransDigm Group: 4,274 shares worth $3.82M.
  • Covenant Asset Management added most to Intuitive Surgical in Q2 2023, an estimated $3.01M increase.
  • Covenant Asset Management's biggest Q2 2023 reduction was RTX Corp, cutting an estimated $2.38M.
  • Covenant Asset Management fully exited United Therapeutics in Q2 2023, selling an estimated $3.14M.
  • Covenant Asset Management's ten largest holdings make up 32% of its $394M portfolio in Q2 2023.
  • Covenant Asset Management opened 1 new position and closed 8 in Q2 2023.
  • Covenant Asset Management's portfolio value fell 6.2% quarter-over-quarter to $394M.

Based on Covenant Asset Management's 13F filing for Q2 2023, filed 12 Jul 2023.