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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
+13.28%
1 Year Est. Return
+38.14%
3 Year Est. Return
+158.45%
5 Year Est. Return
+212.83%
10 Year Est. Return
–
AUM
$312M
AUM Growth
-$140M
Cap. Flow
-$180M
Cap. Flow %
-57.58%
Top 10 Hldgs %
44.12%
Holding
141
New
9
Increased
20
Reduced
59
Closed
15

Top Buys

Rank Stock Value
1
MPWR icon
Monolithic Power Systems
MPWR
+$2.94M
2
BLD
TopBuild
BLD
+$2.29M
3
CTAS icon
Cintas
CTAS
+$1.99M
4
SEDG icon
SolarEdge
SEDG
+$1.77M
5
EBS icon
Emergent Biosolutions
EBS
+$1.65M

Top Sells

Rank Stock Value
1
CIEN icon
Ciena
CIEN
+$3.77M
2
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$3.6M
3
FISV
Fiserv Inc
FISV
+$2.15M
4
BAH icon
Booz Allen Hamilton
BAH
+$2.07M
5
ILMN icon
Illumina
ILMN
+$1.99M

Sector Composition

Rank Sector Weight
1 Technology 28.03%
2 Healthcare 15.02%
3 Communication Services 8.8%
4 Consumer Discretionary 7.88%
5 Industrials 5.99%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LMT icon
76
Lockheed Martin
LMT
$134B
$868K 0.28%
2,265
– –
PAYX icon
77
Paychex
PAYX
$41.6B
$853K 0.27%
10,687
-1,335
-11% -$100K
ILMN icon
78
Illumina
ILMN
$31B
$836K 0.27%
2,780
-5,775
-68% -$1.99M
XLNX
79
PUT
DELISTED
Xilinx Inc
XLNX
$834K 0.27%
8,000
+2,000
+33% +$205K
BAC icon
80
Bank of America
BAC
$435B
$809K 0.26%
33,570
-4,135
-11% -$103K
PFE icon
81
Pfizer
PFE
$143B
$778K 0.25%
22,334
– –
DGS icon
82
WisdomTree Emerging Markets SmallCap Dividend Fund
DGS
$1.69B
$706K 0.23%
17,083
-9,534
-36% -$399K
BBY icon
83
Best Buy
BBY
$18.2B
$696K 0.22%
6,256
-394
-6% -$40.3K
COR
84
DELISTED
Coresite Realty Corporation
COR
$676K 0.22%
5,690
– –
CSCO icon
85
Cisco
CSCO
$457B
$660K 0.21%
16,761
+706
+4% +$30.8K
DHR icon
86
Danaher
DHR
$137B
$644K 0.21%
3,375
– –
IYR icon
87
iShares US Real Estate ETF
IYR
$4.67B
$638K 0.2%
7,995
– –
HON icon
88
Honeywell
HON
$77B
$637K 0.2%
4,108
– –
NEE icon
89
NextEra Energy
NEE
$181B
$607K 0.19%
8,744
-164
-2% -$11.3K
ABT icon
90
Abbott
ABT
$183B
$597K 0.19%
5,486
-62
-1% -$6.29K
PTY icon
91
PIMCO Corporate & Income Opportunity Fund
PTY
$2.48B
$584K 0.19%
36,214
-30
-0.1% -$475
VLO icon
92
Valero Energy
VLO
$90.1B
$545K 0.17%
12,592
+1,480
+13% +$77.5K
REGN icon
93
Regeneron Pharmaceuticals
REGN
$78.5B
$544K 0.17%
971
– –
PEP icon
94
PepsiCo
PEP
$190B
$535K 0.17%
3,859
-41
-1% -$5.58K
BTT icon
95
BlackRock Municipal 2030 Target Term Trust
BTT
$1.43B
$524K 0.17%
20,950
– –
PWB icon
96
Invesco Large Cap Growth ETF
PWB
$2.29B
$488K 0.16%
7,888
-5
-0.1% -$298
VIG icon
97
Vanguard Dividend Appreciation ETF
VIG
$111B
$463K 0.15%
3,600
– –
ALXN
98
DELISTED
Alexion Pharmaceuticals
ALXN
$457K 0.15%
3,998
– –
PANW icon
99
Palo Alto Networks
PANW
$270B
$452K 0.14%
11,082
– –
FAST icon
100
Fastenal
FAST
$54.7B
$444K 0.14%
19,706
– –
2 3
4
5 6

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TAIM
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LBIM
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Covenant Asset Management's Q3 2020 Portfolio in Review

As of Q3 2020, Covenant Asset Management held 141 positions worth $312M, down 31% from $452M the previous quarter. Its ten largest holdings account for 44% of the portfolio.

Covenant Asset Management withdrew a net $180M in Q3 2020, closing 15 positions and reducing 59 holdings. Its most notable exit was Ciena, an estimated $3.77M position sold in full.

By sector, the portfolio is most concentrated in Technology at 28% of assets, up from 17% a quarter earlier, followed by Healthcare and Communication Services.

Against the trend, Covenant Asset Management opened a new position in Monolithic Power Systems worth $3.16M.

  • Covenant Asset Management's largest Q3 2020 buy was Monolithic Power Systems: 11,292 shares worth $3.16M.
  • Covenant Asset Management added most to Trade Desk in Q3 2020, an estimated $867K increase.
  • Covenant Asset Management's biggest Q3 2020 reduction was Alphabet (Google) Class A, cutting an estimated $3.6M.
  • Covenant Asset Management fully exited Ciena in Q3 2020, selling an estimated $3.77M.
  • Covenant Asset Management's ten largest holdings make up 44% of its $312M portfolio in Q3 2020.
  • Covenant Asset Management opened 9 new positions and closed 15 in Q3 2020.
  • Covenant Asset Management's portfolio value fell 31% quarter-over-quarter to $312M.

Based on Covenant Asset Management's 13F filing for Q3 2020, filed 29 Oct 2020.