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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
+17.74%
1 Year Est. Return
+38.14%
3 Year Est. Return
+158.45%
5 Year Est. Return
+212.83%
10 Year Est. Return
–
AUM
$610M
AUM Growth
+$53M
Cap. Flow
-$21.8M
Cap. Flow %
-3.57%
Top 10 Hldgs %
47.24%
Holding
163
New
8
Increased
69
Reduced
33
Closed
10

Top Buys

Rank Stock Value
1
META icon
Meta Platforms (Facebook)
META
+$4.49M
2
HWM icon
Howmet Aerospace
HWM
+$3.05M
3
LHX icon
L3Harris
LHX
+$994K
4
MCHP icon
Microchip Technology
MCHP
+$703K
5
UNH icon
UnitedHealth
UNH
+$628K

Top Sells

Rank Stock Value
1
ROK icon
Rockwell Automation
ROK
+$3.68M
2
BA icon
Boeing
BA
+$3.54M
3
EOG icon
EOG Resources
EOG
+$1.55M
4
LMT icon
Lockheed Martin
LMT
+$941K
5
CSCO icon
Cisco
CSCO
+$791K

Sector Composition

Rank Sector Weight
1 Technology 28.5%
2 Healthcare 9.33%
3 Consumer Discretionary 6.07%
4 Communication Services 6.06%
5 Industrials 6.01%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WM icon
51
Waste Management
WM
$90.6B
$2.94M 0.48%
13,786
+290
+2% +$57K
ULTA icon
52
Ulta Beauty
ULTA
$22B
$2.78M 0.46%
5,321
+5
+0.1% +$2.58K
INTU icon
53
Intuit
INTU
$86.5B
$2.74M 0.45%
4,210
+126
+3% +$80.4K
HD icon
54
Home Depot
HD
$331B
$2.51M 0.41%
6,554
+277
+4% +$101K
VLO icon
55
Valero Energy
VLO
$90.1B
$2.5M 0.41%
14,659
+64
+0.4% +$9.17K
GOOG icon
56
Alphabet (Google) Class C
GOOG
$4.36T
$2.46M 0.4%
16,180
-160
-1% -$23.1K
ORCL icon
57
Oracle
ORCL
$374B
$2.42M 0.4%
19,285
– –
BLK icon
58
Blackrock
BLK
$169B
$2.38M 0.39%
2,849
+95
+3% +$76.3K
BX icon
59
Blackstone
BX
$102B
$2.29M 0.38%
17,414
-449
-3% -$56.1K
SBUX icon
60
Starbucks
SBUX
$120B
$2.05M 0.34%
22,466
+200
+0.9% +$18.6K
VTV icon
61
Vanguard Morningstar Value ETF
VTV
$188B
$2.03M 0.33%
12,478
-233
-2% -$35.9K
EPD icon
62
Enterprise Products Partners
EPD
$82.3B
$1.96M 0.32%
67,229
+1,365
+2% +$37.5K
V icon
63
Visa
V
$684B
$1.88M 0.31%
6,719
+90
+1% +$24.8K
MS icon
64
Morgan Stanley
MS
$331B
$1.82M 0.3%
19,339
+647
+3% +$57K
SNPS icon
65
CALL
Synopsys
SNPS
$74.4B
– –
0
– –
VUG icon
66
Vanguard Morningstar Growth ETF
VUG
$220B
$1.71M 0.28%
29,820
-564
-2% -$31K
CVX icon
67
Chevron
CVX
$392B
$1.71M 0.28%
10,828
+478
+5% +$72.1K
VNQ icon
68
Vanguard Real Estate ETF
VNQ
$39.2B
$1.62M 0.27%
18,751
+1,056
+6% +$90.2K
HYT icon
69
BlackRock Corporate High Yield Fund
HYT
$1.36B
$1.58M 0.26%
161,300
+5,798
+4% +$55.9K
TMO icon
70
Thermo Fisher Scientific
TMO
$213B
$1.52M 0.25%
2,617
-95
-4% -$53.3K
ETN icon
71
Eaton
ETN
$161B
$1.52M 0.25%
4,863
+370
+8% +$101K
TXN icon
72
Texas Instruments
TXN
$252B
$1.49M 0.24%
8,555
+721
+9% +$120K
COIN icon
73
Coinbase
COIN
$38.6B
$1.44M 0.24%
5,430
– –
AMGN icon
74
Amgen
AMGN
$208B
$1.43M 0.23%
5,012
+259
+5% +$75.8K
FAST icon
75
Fastenal
FAST
$54.7B
$1.34M 0.22%
34,868
+1,508
+5% +$53.3K
1 2
3
4 5

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Covenant Asset Management's Q1 2024 Portfolio in Review

As of Q1 2024, Covenant Asset Management held 163 positions worth $610M, up 9.5% from $557M the previous quarter. Its ten largest holdings account for 47% of the portfolio.

Covenant Asset Management withdrew a net $21.8M in Q1 2024, closing 10 positions and reducing 33 holdings. Its most notable exit was Rockwell Automation, an estimated $3.68M position sold in full.

By sector, the portfolio is most concentrated in Technology at 29% of assets, up from 27% a quarter earlier, followed by Healthcare and Consumer Discretionary.

Against the trend, Covenant Asset Management opened a new position in Howmet Aerospace worth $3.4M.

  • Covenant Asset Management's largest Q1 2024 buy was Howmet Aerospace: 49,714 shares worth $3.4M.
  • Covenant Asset Management added most to Meta Platforms (Facebook) in Q1 2024, an estimated $4.49M increase.
  • Covenant Asset Management's biggest Q1 2024 reduction was Lockheed Martin, cutting an estimated $941K.
  • Covenant Asset Management fully exited Rockwell Automation in Q1 2024, selling an estimated $3.68M.
  • Covenant Asset Management's ten largest holdings make up 47% of its $610M portfolio in Q1 2024.
  • Covenant Asset Management opened 8 new positions and closed 10 in Q1 2024.
  • Covenant Asset Management's portfolio value rose 9.5% quarter-over-quarter to $610M.

Based on Covenant Asset Management's 13F filing for Q1 2024, filed 23 Apr 2024.