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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
+3.77%
1 Year Est. Return
+38.14%
3 Year Est. Return
+158.45%
5 Year Est. Return
+212.83%
10 Year Est. Return
–
AUM
$636M
AUM Growth
+$7.31M
Cap. Flow
-$21.2M
Cap. Flow %
-3.33%
Top 10 Hldgs %
40.42%
Holding
177
New
5
Increased
42
Reduced
59
Closed
6

Top Buys

Rank Stock Value
1
JEF icon
Jefferies Financial Group
JEF
+$3.08M
2
SPOT icon
Spotify
SPOT
+$3.04M
3
TW icon
Tradeweb Markets
TW
+$3.03M
4
AMD icon
Advanced Micro Devices
AMD
+$1.57M
5
NFLX icon
Netflix
NFLX
+$1.16M

Top Sells

Rank Stock Value
1
DE icon
Deere & Co
DE
+$4.55M
2
NBIX icon
Neurocrine Biosciences
NBIX
+$3.9M
3
MEDP icon
Medpace
MEDP
+$3.69M
4
NVDA icon
NVIDIA
NVDA
+$1.74M
5
MCHP icon
Microchip Technology
MCHP
+$722K

Sector Composition

Rank Sector Weight
1 Technology 31.01%
2 Healthcare 8.31%
3 Communication Services 7.86%
4 Industrials 5.18%
5 Consumer Discretionary 4.64%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SPOT icon
51
Spotify
SPOT
$103B
$3.36M 0.53%
+9,129
New +$3.04M
JEF icon
52
Jefferies Financial Group
JEF
$12.6B
$3.34M 0.52%
+54,216
New +$3.08M
TW icon
53
Tradeweb Markets
TW
$21.4B
$3.31M 0.52%
+26,729
New +$3.03M
DECK icon
54
Deckers Outdoor
DECK
$13.2B
$3.25M 0.51%
20,355
+135
+0.7% +$20.6K
FANG icon
55
Diamondback Energy
FANG
$57.1B
$3.24M 0.51%
18,772
+78
+0.4% +$15K
ORCL icon
56
Oracle
ORCL
$374B
$3.15M 0.5%
18,510
-500
-3% -$72.4K
HD icon
57
Home Depot
HD
$331B
$2.95M 0.46%
7,273
-179
-2% -$65.3K
WM icon
58
Waste Management
WM
$90.6B
$2.75M 0.43%
13,254
-472
-3% -$98.5K
JNJ icon
59
Johnson & Johnson
JNJ
$618B
$2.71M 0.43%
16,701
-875
-5% -$139K
GOOG icon
60
Alphabet (Google) Class C
GOOG
$4.36T
$2.71M 0.43%
16,180
– –
BLK icon
61
Blackrock
BLK
$169B
$2.65M 0.42%
2,787
-62
-2% -$53.7K
INTU icon
62
Intuit
INTU
$86.5B
$2.64M 0.41%
4,249
+36
+0.9% +$23K
ELF icon
63
e.l.f. Beauty
ELF
$4.89B
$2.5M 0.39%
22,905
+451
+2% +$70.8K
NVDA icon
64
PUT
NVIDIA
NVDA
$4.86T
– –
0
– –
BX icon
65
Blackstone
BX
$102B
$2.38M 0.37%
15,545
-521
-3% -$72.3K
VUG icon
66
Vanguard Morningstar Growth ETF
VUG
$220B
$2.14M 0.34%
33,510
+3,894
+13% +$241K
MS icon
67
Morgan Stanley
MS
$331B
$2.01M 0.32%
19,308
-104
-0.5% -$10.5K
V icon
68
Visa
V
$684B
$2.01M 0.32%
7,319
– –
VTV icon
69
Vanguard Morningstar Value ETF
VTV
$188B
$2.01M 0.32%
11,505
-414
-3% -$69.3K
EPD icon
70
Enterprise Products Partners
EPD
$82.3B
$1.85M 0.29%
63,604
-500
-0.8% -$14.6K
VNQ icon
71
Vanguard Real Estate ETF
VNQ
$39.2B
$1.81M 0.29%
18,628
– –
VLO icon
72
Valero Energy
VLO
$90.1B
$1.79M 0.28%
13,243
-286
-2% -$41.5K
TXN icon
73
Texas Instruments
TXN
$252B
$1.74M 0.27%
8,420
-137
-2% -$27.5K
AVGO icon
74
CALL
Broadcom
AVGO
$1.85T
– –
0
– –
AMGN icon
75
Amgen
AMGN
$208B
$1.69M 0.27%
5,255
-206
-4% -$67.4K
1 2
3
4 5

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Covenant Asset Management's Q3 2024 Portfolio in Review

As of Q3 2024, Covenant Asset Management held 177 positions worth $636M, up 1.2% from $629M the previous quarter. Its ten largest holdings account for 40% of the portfolio.

Covenant Asset Management withdrew a net $21.2M in Q3 2024, closing 6 positions and reducing 59 holdings. Its most notable exit was Deere & Co, an estimated $4.55M position sold in full.

By sector, the portfolio is most concentrated in Technology at 31% of assets, down from 32% a quarter earlier, followed by Healthcare and Communication Services.

Against the trend, Covenant Asset Management opened a new position in Jefferies Financial Group worth $3.34M.

  • Covenant Asset Management's largest Q3 2024 buy was Jefferies Financial Group: 54,216 shares worth $3.34M.
  • Covenant Asset Management added most to Advanced Micro Devices in Q3 2024, an estimated $1.57M increase.
  • Covenant Asset Management's biggest Q3 2024 reduction was NVIDIA, cutting an estimated $1.74M.
  • Covenant Asset Management fully exited Deere & Co in Q3 2024, selling an estimated $4.55M.
  • Covenant Asset Management's ten largest holdings make up 40% of its $636M portfolio in Q3 2024.
  • Covenant Asset Management opened 5 new positions and closed 6 in Q3 2024.
  • Covenant Asset Management's portfolio value rose 1.2% quarter-over-quarter to $636M.

Based on Covenant Asset Management's 13F filing for Q3 2024, filed 12 Nov 2024.