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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
+17.74%
1 Year Est. Return
+38.14%
3 Year Est. Return
+158.45%
5 Year Est. Return
+212.83%
10 Year Est. Return
–
AUM
$610M
AUM Growth
+$53M
Cap. Flow
-$21.8M
Cap. Flow %
-3.57%
Top 10 Hldgs %
47.24%
Holding
163
New
8
Increased
69
Reduced
33
Closed
10

Top Buys

Rank Stock Value
1
META icon
Meta Platforms (Facebook)
META
+$4.49M
2
HWM icon
Howmet Aerospace
HWM
+$3.05M
3
LHX icon
L3Harris
LHX
+$994K
4
MCHP icon
Microchip Technology
MCHP
+$703K
5
UNH icon
UnitedHealth
UNH
+$628K

Top Sells

Rank Stock Value
1
ROK icon
Rockwell Automation
ROK
+$3.68M
2
BA icon
Boeing
BA
+$3.54M
3
EOG icon
EOG Resources
EOG
+$1.55M
4
LMT icon
Lockheed Martin
LMT
+$941K
5
CSCO icon
Cisco
CSCO
+$791K

Sector Composition

Rank Sector Weight
1 Technology 28.5%
2 Healthcare 9.33%
3 Consumer Discretionary 6.07%
4 Communication Services 6.06%
5 Industrials 6.01%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
APD icon
76
Air Products & Chemicals
APD
$65.1B
$1.32M 0.22%
5,441
+126
+2% +$30.9K
CAT icon
77
Caterpillar
CAT
$382B
$1.3M 0.21%
3,554
+54
+2% +$17.3K
VTI icon
78
Vanguard Morningstar Total Stock Market ETF
VTI
$668B
$1.29M 0.21%
4,978
+737
+17% +$182K
PTY icon
79
PIMCO Corporate & Income Opportunity Fund
PTY
$2.5B
$1.21M 0.2%
81,532
+22,247
+38% +$313K
SEDG icon
80
SolarEdge
SEDG
$2.62B
$1.11M 0.18%
15,700
– –
PAYX icon
81
Paychex
PAYX
$41.8B
$1.05M 0.17%
8,590
-405
-5% -$49.2K
LHX icon
82
L3Harris
LHX
$51.9B
$1.01M 0.17%
+4,731
New +$994K
BAC icon
83
Bank of America
BAC
$437B
$994K 0.16%
26,216
-2,838
-10% -$97.4K
ET icon
84
Energy Transfer Partners
ET
$70.2B
$938K 0.15%
59,626
+1,948
+3% +$28.4K
VO icon
85
Vanguard Morningstar Mid-Cap ETF
VO
$107B
$894K 0.15%
14,308
+668
+5% +$39.5K
AFL icon
86
Aflac
AFL
$64.8B
$872K 0.14%
10,160
– –
DGS icon
87
WisdomTree Emerging Markets SmallCap Dividend Fund
DGS
$1.7B
$828K 0.14%
16,277
-245
-1% -$12.1K
HON icon
88
Honeywell
HON
$78.7B
$797K 0.13%
4,122
+149
+4% +$28.1K
RSP icon
89
Invesco S&P 500 Equal Weight ETF
RSP
$98B
$777K 0.13%
4,587
+1,300
+40% +$209K
AMLP icon
90
Alerian MLP ETF
AMLP
$13B
$760K 0.12%
16,003
+105
+0.7% +$4.72K
DHR icon
91
Danaher
DHR
$138B
$747K 0.12%
2,992
– –
MCHP icon
92
Microchip Technology
MCHP
$40.6B
$731K 0.12%
+8,154
New +$703K
AMZN icon
93
CALL
Amazon
AMZN
$3.07T
– –
0
– –
TSCO icon
94
Tractor Supply
TSCO
$16.7B
$699K 0.11%
13,345
+2,225
+20% +$106K
IYR icon
95
iShares US Real Estate ETF
IYR
$4.67B
$670K 0.11%
7,448
-475
-6% -$42K
RTX icon
96
RTX Corp
RTX
$293B
$622K 0.1%
6,380
+1,100
+21% +$99.3K
PEP icon
97
PepsiCo
PEP
$190B
$620K 0.1%
3,543
– –
VIG icon
98
Vanguard Dividend Appreciation ETF
VIG
$112B
$611K 0.1%
3,344
-72
-2% -$12.6K
VYM icon
99
Vanguard High Dividend Yield ETF
VYM
$81.1B
$607K 0.1%
5,021
– –
TSLA icon
100
Tesla
TSLA
$1.26T
$571K 0.09%
3,247
+789
+32% +$154K
2 3
4
5 6

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Covenant Asset Management's Q1 2024 Portfolio in Review

As of Q1 2024, Covenant Asset Management held 163 positions worth $610M, up 9.5% from $557M the previous quarter. Its ten largest holdings account for 47% of the portfolio.

Covenant Asset Management withdrew a net $21.8M in Q1 2024, closing 10 positions and reducing 33 holdings. Its most notable exit was Rockwell Automation, an estimated $3.68M position sold in full.

By sector, the portfolio is most concentrated in Technology at 29% of assets, up from 27% a quarter earlier, followed by Healthcare and Consumer Discretionary.

Against the trend, Covenant Asset Management opened a new position in Howmet Aerospace worth $3.4M.

  • Covenant Asset Management's largest Q1 2024 buy was Howmet Aerospace: 49,714 shares worth $3.4M.
  • Covenant Asset Management added most to Meta Platforms (Facebook) in Q1 2024, an estimated $4.49M increase.
  • Covenant Asset Management's biggest Q1 2024 reduction was Lockheed Martin, cutting an estimated $941K.
  • Covenant Asset Management fully exited Rockwell Automation in Q1 2024, selling an estimated $3.68M.
  • Covenant Asset Management's ten largest holdings make up 47% of its $610M portfolio in Q1 2024.
  • Covenant Asset Management opened 8 new positions and closed 10 in Q1 2024.
  • Covenant Asset Management's portfolio value rose 9.5% quarter-over-quarter to $610M.

Based on Covenant Asset Management's 13F filing for Q1 2024, filed 23 Apr 2024.