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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
-2.65%
1 Year Est. Return
+38.14%
3 Year Est. Return
+158.45%
5 Year Est. Return
+212.83%
10 Year Est. Return
–
AUM
$379M
AUM Growth
-$14.8M
Cap. Flow
-$33.7M
Cap. Flow %
-8.87%
Top 10 Hldgs %
36.31%
Holding
165
New
5
Increased
46
Reduced
45
Closed
5

Top Buys

Rank Stock Value
1
REGN icon
Regeneron Pharmaceuticals
REGN
+$1.52M
2
DE icon
Deere & Co
DE
+$1.26M
3
NBIX icon
Neurocrine Biosciences
NBIX
+$1.22M
4
UBER icon
Uber
UBER
+$1.05M
5
SPGI icon
S&P Global
SPGI
+$611K

Top Sells

Rank Stock Value
1
DXCM icon
DexCom
DXCM
+$3.87M
2
UNH icon
UnitedHealth
UNH
+$1.17M
3
SEDG icon
SolarEdge
SEDG
+$767K
4
AMZN icon
Amazon
AMZN
+$412K
5
MMP
Magellan Midstream Partners, L.P.
MMP
+$386K

Sector Composition

Rank Sector Weight
1 Technology 33.6%
2 Healthcare 12.81%
3 Industrials 8.48%
4 Consumer Discretionary 7.28%
5 Communication Services 6.92%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TXN icon
76
Texas Instruments
TXN
$252B
$1.25M 0.33%
7,847
+58
+0.7% +$9.9K
LMT icon
77
Lockheed Martin
LMT
$134B
$1.18M 0.31%
2,881
-8
-0.3% -$3.55K
UBER icon
78
Uber
UBER
$143B
$1.06M 0.28%
+23,004
New +$1.05M
NEE icon
79
NextEra Energy
NEE
$181B
$1.02M 0.27%
17,769
+45
+0.3% +$3.12K
PAYX icon
80
Paychex
PAYX
$41.6B
$986K 0.26%
8,548
-250
-3% -$30.1K
SCHP icon
81
Schwab US TIPS ETF
SCHP
$16.3B
$970K 0.26%
38,440
– –
CSCO icon
82
Cisco
CSCO
$457B
$961K 0.25%
17,878
+110
+0.6% +$5.93K
VTI icon
83
Vanguard Morningstar Total Stock Market ETF
VTI
$660B
$958K 0.25%
4,508
-33
-0.7% -$7.3K
DGS icon
84
WisdomTree Emerging Markets SmallCap Dividend Fund
DGS
$1.69B
$957K 0.25%
20,698
– –
VO icon
85
Vanguard Morningstar Mid-Cap ETF
VO
$106B
$951K 0.25%
18,260
-136
-0.7% -$7.46K
FAST icon
86
Fastenal
FAST
$54.7B
$914K 0.24%
33,470
+80
+0.2% +$2.27K
ETN icon
87
Eaton
ETN
$161B
$898K 0.24%
4,209
– –
BAC icon
88
Bank of America
BAC
$435B
$799K 0.21%
29,182
-175
-0.6% -$5.18K
AFL icon
89
Aflac
AFL
$64.9B
$780K 0.21%
10,160
– –
HON icon
90
Honeywell
HON
$77B
$769K 0.2%
4,419
+65
+1% +$11.9K
DHR icon
91
Danaher
DHR
$137B
$742K 0.2%
3,375
– –
ET icon
92
Energy Transfer Partners
ET
$70.1B
$726K 0.19%
51,741
– –
AMLP icon
93
Alerian MLP ETF
AMLP
$13B
$692K 0.18%
16,392
-90
-0.5% -$3.69K
TSCO icon
94
Tractor Supply
TSCO
$16.1B
$677K 0.18%
16,670
+420
+3% +$18.2K
AMZN icon
95
CALL
Amazon
AMZN
$2.92T
– –
0
– –
TSLA icon
96
Tesla
TSLA
$1.23T
$615K 0.16%
2,458
+110
+5% +$28.3K
ENPH icon
97
CALL
Enphase Energy
ENPH
$4.96B
– –
0
– –
ENPH icon
98
PUT
Enphase Energy
ENPH
$4.96B
– –
0
– –
PEP icon
99
PepsiCo
PEP
$190B
$600K 0.16%
3,543
– –
SPGI icon
100
S&P Global
SPGI
$121B
$568K 0.15%
+1,554
New +$611K
2 3
4
5 6

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BWP
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1WCM
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TAIM
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ECM
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FSG
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LBIM
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Covenant Asset Management's Q3 2023 Portfolio in Review

As of Q3 2023, Covenant Asset Management held 165 positions worth $379M, down 3.8% from $394M the previous quarter. Its ten largest holdings account for 36% of the portfolio.

Covenant Asset Management withdrew a net $33.7M in Q3 2023, closing 5 positions and reducing 45 holdings. Its most notable exit was DexCom, an estimated $3.87M position sold in full.

By sector, the portfolio is most concentrated in Technology at 34% of assets, down from 35% a quarter earlier, followed by Healthcare and Industrials.

Against the trend, Covenant Asset Management opened a new position in Uber worth $1.06M.

  • Covenant Asset Management's largest Q3 2023 buy was Uber: 23,004 shares worth $1.06M.
  • Covenant Asset Management added most to Regeneron Pharmaceuticals in Q3 2023, an estimated $1.52M increase.
  • Covenant Asset Management's biggest Q3 2023 reduction was UnitedHealth, cutting an estimated $1.17M.
  • Covenant Asset Management fully exited DexCom in Q3 2023, selling an estimated $3.87M.
  • Covenant Asset Management's ten largest holdings make up 36% of its $379M portfolio in Q3 2023.
  • Covenant Asset Management opened 5 new positions and closed 5 in Q3 2023.
  • Covenant Asset Management's portfolio value fell 3.8% quarter-over-quarter to $379M.

Based on Covenant Asset Management's 13F filing for Q3 2023, filed 31 Oct 2023.