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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
+9.07%
1 Year Est. Return
+38.14%
3 Year Est. Return
+158.45%
5 Year Est. Return
+212.83%
10 Year Est. Return
–
AUM
$629M
AUM Growth
+$19M
Cap. Flow
-$22.7M
Cap. Flow %
-3.61%
Top 10 Hldgs %
43.62%
Holding
174
New
16
Increased
37
Reduced
65
Closed
8

Top Buys

Rank Stock Value
1
ELF icon
e.l.f. Beauty
ELF
+$3.99M
2
ARM icon
Arm
ARM
+$3.98M
3
MEDP icon
Medpace
MEDP
+$3.55M
4
SEDG icon
SolarEdge
SEDG
+$2.42M
5
NFLX icon
Netflix
NFLX
+$1.89M

Top Sells

Rank Stock Value
1
IDXX icon
Idexx Laboratories
IDXX
+$3.5M
2
DECK icon
Deckers Outdoor
DECK
+$2.87M
3
ADBE icon
Adobe
ADBE
+$2.8M
4
ULTA icon
Ulta Beauty
ULTA
+$2.78M
5
ODFL icon
Old Dominion Freight Line
ODFL
+$1.27M

Sector Composition

Rank Sector Weight
1 Technology 31.53%
2 Healthcare 9.42%
3 Communication Services 6.91%
4 Industrials 5.38%
5 Consumer Discretionary 4.82%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DECK icon
51
Deckers Outdoor
DECK
$14.1B
$3.26M 0.52%
20,220
-18,630
-48% -$2.87M
ODFL icon
52
Old Dominion Freight Line
ODFL
$46.3B
$3.13M 0.5%
17,724
-6,742
-28% -$1.27M
GOOG icon
53
Alphabet (Google) Class C
GOOG
$4.11T
$2.97M 0.47%
16,180
– –
WM icon
54
Waste Management
WM
$95B
$2.93M 0.47%
13,726
-60
-0.4% -$12.5K
MSFT icon
55
CALL
Microsoft
MSFT
$2.9T
– –
0
– –
MSFT icon
56
PUT
Microsoft
MSFT
$2.9T
– –
0
– –
INTU icon
57
Intuit
INTU
$91.1B
$2.77M 0.44%
4,213
+3
+0.1% +$1.86K
ORCL icon
58
Oracle
ORCL
$339B
$2.68M 0.43%
19,010
-275
-1% -$34.1K
JNJ icon
59
Johnson & Johnson
JNJ
$640B
$2.57M 0.41%
17,576
-1,834
-9% -$273K
HD icon
60
Home Depot
HD
$337B
$2.57M 0.41%
7,452
+898
+14% +$306K
BLK icon
61
Blackrock
BLK
$167B
$2.24M 0.36%
2,849
– –
VLO icon
62
Valero Energy
VLO
$89.5B
$2.12M 0.34%
13,529
-1,130
-8% -$182K
BX icon
63
Blackstone
BX
$104B
$1.99M 0.32%
16,066
-1,348
-8% -$166K
V icon
64
Visa
V
$677B
$1.92M 0.31%
7,319
+600
+9% +$164K
VTV icon
65
Vanguard Morningstar Value ETF
VTV
$188B
$1.91M 0.3%
11,919
-559
-4% -$89.3K
MS icon
66
Morgan Stanley
MS
$319B
$1.89M 0.3%
19,412
+73
+0.4% +$6.95K
EPD icon
67
Enterprise Products Partners
EPD
$83.7B
$1.86M 0.3%
64,104
-3,125
-5% -$89.6K
VUG icon
68
Vanguard Morningstar Growth ETF
VUG
$212B
$1.85M 0.29%
29,616
-204
-0.7% -$11.9K
CVX icon
69
Chevron
CVX
$382B
$1.73M 0.27%
11,039
+211
+2% +$33.6K
AMGN icon
70
Amgen
AMGN
$209B
$1.71M 0.27%
5,461
+449
+9% +$132K
TXN icon
71
Texas Instruments
TXN
$248B
$1.66M 0.26%
8,557
+2
+0% +$370
SEDG icon
72
SolarEdge
SEDG
$2.37B
$1.57M 0.25%
62,300
+46,600
+297% +$2.42M
VNQ icon
73
Vanguard Real Estate ETF
VNQ
$39.9B
$1.56M 0.25%
18,628
-123
-0.7% -$10.2K
AMZN icon
74
CALL
Amazon
AMZN
$2.44T
– –
0
– –
ETN icon
75
Eaton
ETN
$141B
$1.52M 0.24%
4,839
-24
-0.5% -$7.75K
1 2
3
4 5

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Covenant Asset Management's Q2 2024 Portfolio in Review

As of Q2 2024, Covenant Asset Management held 174 positions worth $629M, up 3.1% from $610M the previous quarter. Its ten largest holdings account for 44% of the portfolio.

Covenant Asset Management withdrew a net $22.7M in Q2 2024, closing 8 positions and reducing 65 holdings. Its most notable exit was Idexx Laboratories, an estimated $3.5M position sold in full.

By sector, the portfolio is most concentrated in Technology at 32% of assets, up from 29% a quarter earlier, followed by Healthcare and Communication Services.

Against the trend, Covenant Asset Management opened a new position in e.l.f. Beauty worth $4.73M.

  • Covenant Asset Management's largest Q2 2024 buy was e.l.f. Beauty: 22,454 shares worth $4.73M.
  • Covenant Asset Management added most to SolarEdge in Q2 2024, an estimated $2.42M increase.
  • Covenant Asset Management's biggest Q2 2024 reduction was Deckers Outdoor, cutting an estimated $2.87M.
  • Covenant Asset Management fully exited Idexx Laboratories in Q2 2024, selling an estimated $3.5M.
  • Covenant Asset Management's ten largest holdings make up 44% of its $629M portfolio in Q2 2024.
  • Covenant Asset Management opened 16 new positions and closed 8 in Q2 2024.
  • Covenant Asset Management's portfolio value rose 3.1% quarter-over-quarter to $629M.

Based on Covenant Asset Management's 13F filing for Q2 2024, filed 2 Aug 2024.