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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
+13.3%
1 Year Est. Return
+38.14%
3 Year Est. Return
+158.45%
5 Year Est. Return
+212.83%
10 Year Est. Return
–
AUM
$394M
AUM Growth
-$26.1M
Cap. Flow
-$48.1M
Cap. Flow %
-12.2%
Top 10 Hldgs %
31.57%
Holding
175
New
1
Increased
56
Reduced
41
Closed
8

Top Buys

Rank Stock Value
1
TDG icon
TransDigm Group
TDG
+$3.38M
2
ISRG icon
Intuitive Surgical
ISRG
+$3.01M
3
REGN icon
Regeneron Pharmaceuticals
REGN
+$2.93M
4
IDXX icon
Idexx Laboratories
IDXX
+$1.5M
5
NOW icon
ServiceNow
NOW
+$1.31M

Top Sells

Rank Stock Value
1
UTHR icon
United Therapeutics
UTHR
+$3.14M
2
RTX icon
RTX Corp
RTX
+$2.38M
3
STAA icon
STAAR Surgical
STAA
+$2.12M
4
URI icon
United Rentals
URI
+$1.87M
5
GNRC icon
Generac Holdings
GNRC
+$1.83M

Sector Composition

Rank Sector Weight
1 Technology 34.9%
2 Healthcare 12.99%
3 Industrials 8.37%
4 Consumer Discretionary 7.56%
5 Communication Services 6.57%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HYT icon
76
BlackRock Corporate High Yield Fund
HYT
$1.35B
$1.46M 0.37%
163,718
-2,570
-2% -$22.2K
TMO icon
77
Thermo Fisher Scientific
TMO
$214B
$1.46M 0.37%
2,789
-21
-0.7% -$11.3K
MS icon
78
Morgan Stanley
MS
$319B
$1.45M 0.37%
17,003
+675
+4% +$57.7K
EOG icon
79
EOG Resources
EOG
$77.7B
$1.42M 0.36%
12,439
-11,423
-48% -$1.3M
TXN icon
80
Texas Instruments
TXN
$248B
$1.4M 0.36%
7,789
+154
+2% +$26.5K
LMT icon
81
Lockheed Martin
LMT
$131B
$1.33M 0.34%
2,889
+89
+3% +$41.3K
VUG icon
82
Vanguard Morningstar Growth ETF
VUG
$212B
$1.33M 0.34%
28,158
+648
+2% +$28.1K
NEE icon
83
NextEra Energy
NEE
$185B
$1.32M 0.33%
17,724
+318
+2% +$24.1K
PANW icon
84
PUT
Palo Alto Networks
PANW
$256B
– –
0
– –
AMGN icon
85
Amgen
AMGN
$209B
$1.09M 0.28%
4,927
+40
+0.8% +$9.28K
VO icon
86
Vanguard Morningstar Mid-Cap ETF
VO
$106B
$1.01M 0.26%
18,396
-56
-0.3% -$2.94K
SCHP icon
87
Schwab US TIPS ETF
SCHP
$16.4B
$1.01M 0.26%
38,440
– –
VTI icon
88
Vanguard Morningstar Total Stock Market ETF
VTI
$646B
$1M 0.25%
4,541
-14
-0.3% -$2.92K
FAST icon
89
Fastenal
FAST
$54.8B
$985K 0.25%
33,390
+662
+2% +$18.1K
PAYX icon
90
Paychex
PAYX
$43.4B
$984K 0.25%
8,798
– –
DGS icon
91
WisdomTree Emerging Markets SmallCap Dividend Fund
DGS
$1.66B
$963K 0.24%
20,698
+30
+0.1% +$1.39K
CSCO icon
92
Cisco
CSCO
$443B
$919K 0.23%
17,768
+243
+1% +$12K
HON icon
93
Honeywell
HON
$76.4B
$852K 0.22%
4,354
+148
+4% +$27.5K
ETN icon
94
Eaton
ETN
$141B
$846K 0.21%
4,209
+177
+4% +$31.1K
BAC icon
95
Bank of America
BAC
$429B
$842K 0.21%
29,357
+307
+1% +$8.76K
ILMN icon
96
Illumina
ILMN
$29.5B
$732K 0.19%
4,013
– –
TSCO icon
97
Tractor Supply
TSCO
$16.3B
$719K 0.18%
16,250
+675
+4% +$30.9K
DHR icon
98
Danaher
DHR
$138B
$718K 0.18%
3,375
-39
-1% -$8.26K
AFL icon
99
Aflac
AFL
$65.5B
$709K 0.18%
10,160
– –
ET icon
100
Energy Transfer Partners
ET
$69.5B
$657K 0.17%
51,741
– –
2 3
4
5 6

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AIP
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TAIM
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Covenant Asset Management's Q2 2023 Portfolio in Review

As of Q2 2023, Covenant Asset Management held 175 positions worth $394M, down 6.2% from $420M the previous quarter. Its ten largest holdings account for 32% of the portfolio.

Covenant Asset Management withdrew a net $48.1M in Q2 2023, closing 8 positions and reducing 41 holdings. Its most notable exit was United Therapeutics, an estimated $3.14M position sold in full.

By sector, the portfolio is most concentrated in Technology at 35% of assets, up from 28% a quarter earlier, followed by Healthcare and Industrials.

Against the trend, Covenant Asset Management opened a new position in TransDigm Group worth $3.82M.

  • Covenant Asset Management's largest Q2 2023 buy was TransDigm Group: 4,274 shares worth $3.82M.
  • Covenant Asset Management added most to Intuitive Surgical in Q2 2023, an estimated $3.01M increase.
  • Covenant Asset Management's biggest Q2 2023 reduction was RTX Corp, cutting an estimated $2.38M.
  • Covenant Asset Management fully exited United Therapeutics in Q2 2023, selling an estimated $3.14M.
  • Covenant Asset Management's ten largest holdings make up 32% of its $394M portfolio in Q2 2023.
  • Covenant Asset Management opened 1 new position and closed 8 in Q2 2023.
  • Covenant Asset Management's portfolio value fell 6.2% quarter-over-quarter to $394M.

Based on Covenant Asset Management's 13F filing for Q2 2023, filed 12 Jul 2023.