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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
+17.77%
1 Year Est. Return
+38.14%
3 Year Est. Return
+158.45%
5 Year Est. Return
+212.83%
10 Year Est. Return
–
AUM
$190M
AUM Growth
-$8.15M
(-4.1%)
Cap. Flow
-$13.2M
Cap. Flow
% of AUM
-6.93%
Top 10 Holdings %
Top 10 Hldgs %
28.75%
Holding
157
New
20
Increased
27
Reduced
73
Closed
22
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Trade Desk
TTD
|
+$2.6M |
| 2 |
Intuit
INTU
|
+$2.27M |
| 3 |
Etsy
ETSY
|
+$1.87M |
| 4 |
Boeing
BA
|
+$1.77M |
| 5 |
Idexx Laboratories
IDXX
|
+$1.26M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ligand Pharmaceuticals
LGND
|
+$2.85M |
| 2 |
Raymond James Financial
RJF
|
+$2.44M |
| 3 |
State Street SPDR S&P Biotech ETF
XBI
|
+$2.3M |
| 4 |
RTN
Raytheon Company
RTN
|
+$2.23M |
| 5 |
BYM
BlackRock Municipal Income Quality Trust
BYM
|
+$2.14M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.51% |
| 2 | Healthcare | 16.62% |
| 3 | Communication Services | 10.98% |
| 4 | Financials | 9.26% |
| 5 | Consumer Discretionary | 6.52% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Cisco
CSCO
$443B
| $724K | 0.38% |
13,414
-220
| -2% | -$10.7K |
|
77
Toronto Dominion Bank
TD
$193B
| $704K | 0.37% |
12,955
-3,121
| -19% | -$173K |
|
78
Regeneron Pharmaceuticals
REGN
$72.9B
| $693K | 0.36% |
1,688
+792
| +88% | +$326K |
|
79
Packaging Corp of America
PKG
$22.2B
| $691K | 0.36% |
6,954
-1,635
| -19% | -$155K |
|
80
Texas Instruments
TXN
$248B
| $688K | 0.36% |
6,484
+23
| +0.4% | +$2.38K |
|
81
BlackRock Municipal 2030 Target Term Trust
BTT
$1.44B
| – | – |
-35,115
| Closed | -$767K |
|
|
ALXN
82
DELISTED
Alexion Pharmaceuticals
ALXN
| $662K | 0.35% |
4,898
-1,000
| -17% | -$124K |
|
83
PIMCO Corporate & Income Opportunity Fund
PTY
$2.46B
| $659K | 0.35% |
37,667
-2,768
| -7% | -$46.3K |
|
84
iShares MSCI Emerging Markets ETF
EEM
$27.5B
| $639K | 0.34% |
+14,895
| New | +$627K |
|
85
Blackrock
BLK
$167B
| $633K | 0.33% |
1,480
| – | – |
|
86
Chevron
CVX
$382B
| $627K | 0.33% |
5,090
+247
| +5% | +$29.2K |
|
87
WisdomTree US MidCap Fund
EZM
$939M
| $609K | 0.32% |
15,478
-3,735
| -19% | -$144K |
|
88
iShares S&P Mid-Cap 400 Value ETF
IJJ
$8.83B
| $589K | 0.31% |
7,500
-1,676
| -18% | -$130K |
|
89
Home Depot
HD
$337B
| $561K | 0.29% |
2,925
-418
| -13% | -$76.7K |
|
90
T. Rowe Price
TROW
$25.5B
| $530K | 0.28% |
5,295
-430
| -8% | -$41.5K |
|
91
Aflac
AFL
$65.5B
| $508K | 0.27% |
10,160
| – | – |
|
92
Honeywell
HON
$76.4B
| $505K | 0.27% |
3,374
| – | – |
|
|
RDS.B
93
DELISTED
Royal Dutch Shell PLC ADS Class B
RDS.B
| $501K | 0.26% |
7,835
-550
| -7% | -$34.8K |
|
94
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$23B
| $486K | 0.26% |
9,206
-60
| -0.6% | -$3.13K |
|
95
PepsiCo
PEP
$196B
| $473K | 0.25% |
3,859
| – | – |
|
96
Amgen
AMGN
$209B
| $471K | 0.25% |
2,481
-215
| -8% | -$41.1K |
|
97
State Street SPDR S&P Dividend ETF
SDY
$22.1B
| $471K | 0.25% |
4,736
+801
| +20% | +$77K |
|
98
Vanguard Short-Term Corporate Bond ETF
VCSH
$44.7B
| $466K | 0.24% |
5,848
+2,061
| +54% | +$162K |
|
99
Air Products & Chemicals
APD
$65.5B
| $463K | 0.24% |
2,424
-291
| -11% | -$50.1K |
|
100
WisdomTree US SmallCap Earnings Fund
EES
$720M
| $460K | 0.24% |
12,742
-1,615
| -11% | -$58.3K |
|
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Covenant Asset Management's Q1 2019 Portfolio in Review
As of Q1 2019, Covenant Asset Management held 157 positions worth $190M, down 4.1% from $198M the previous quarter. Its ten largest holdings account for 29% of the portfolio.
Covenant Asset Management withdrew a net $13.2M in Q1 2019, closing 22 positions and reducing 73 holdings. Its most notable exit was Ligand Pharmaceuticals, an estimated $2.85M position sold in full.
By sector, the portfolio is most concentrated in Technology at 23% of assets, up from 21% a quarter earlier, followed by Healthcare and Communication Services.
Against the trend, Covenant Asset Management opened a new position in Trade Desk worth $3.15M.
- Covenant Asset Management's largest Q1 2019 buy was Trade Desk: 158,870 shares worth $3.15M.
- Covenant Asset Management added most to Boeing in Q1 2019, an estimated $1.77M increase.
- Covenant Asset Management's biggest Q1 2019 reduction was State Street SPDR S&P Biotech ETF, cutting an estimated $2.3M.
- Covenant Asset Management fully exited Ligand Pharmaceuticals in Q1 2019, selling an estimated $2.85M.
- Covenant Asset Management's ten largest holdings make up 29% of its $190M portfolio in Q1 2019.
- Covenant Asset Management opened 20 new positions and closed 22 in Q1 2019.
- Covenant Asset Management's portfolio value fell 4.1% quarter-over-quarter to $190M.
Based on Covenant Asset Management's 13F filing for Q1 2019, filed 26 Apr 2019.