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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
+9.07%
1 Year Est. Return
+38.14%
3 Year Est. Return
+158.45%
5 Year Est. Return
+212.83%
10 Year Est. Return
–
AUM
$629M
AUM Growth
+$19M
Cap. Flow
-$22.7M
Cap. Flow %
-3.61%
Top 10 Hldgs %
43.62%
Holding
174
New
16
Increased
37
Reduced
65
Closed
8

Top Buys

Rank Stock Value
1
ELF icon
e.l.f. Beauty
ELF
+$3.99M
2
ARM icon
Arm
ARM
+$3.98M
3
MEDP icon
Medpace
MEDP
+$3.55M
4
SEDG icon
SolarEdge
SEDG
+$2.42M
5
NFLX icon
Netflix
NFLX
+$1.89M

Top Sells

Rank Stock Value
1
IDXX icon
Idexx Laboratories
IDXX
+$3.5M
2
DECK icon
Deckers Outdoor
DECK
+$2.87M
3
ADBE icon
Adobe
ADBE
+$2.8M
4
ULTA icon
Ulta Beauty
ULTA
+$2.78M
5
ODFL icon
Old Dominion Freight Line
ODFL
+$1.27M

Sector Composition

Rank Sector Weight
1 Technology 31.53%
2 Healthcare 9.42%
3 Communication Services 6.91%
4 Industrials 5.38%
5 Consumer Discretionary 4.82%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HYT icon
76
BlackRock Corporate High Yield Fund
HYT
$1.35B
$1.51M 0.24%
155,387
-5,913
-4% -$57.4K
TMO icon
77
Thermo Fisher Scientific
TMO
$214B
$1.45M 0.23%
2,617
– –
APD icon
78
Air Products & Chemicals
APD
$65.5B
$1.38M 0.22%
5,338
-103
-2% -$26.1K
VTI icon
79
Vanguard Morningstar Total Stock Market ETF
VTI
$646B
$1.32M 0.21%
4,940
-38
-0.8% -$9.84K
ADBE icon
80
Adobe
ADBE
$105B
$1.31M 0.21%
2,365
-5,790
-71% -$2.8M
PTY icon
81
PIMCO Corporate & Income Opportunity Fund
PTY
$2.46B
$1.26M 0.2%
88,217
+6,685
+8% +$95.6K
COIN icon
82
Coinbase
COIN
$42.2B
$1.21M 0.19%
5,430
– –
CAT icon
83
Caterpillar
CAT
$361B
$1.18M 0.19%
3,530
-24
-0.7% -$8.32K
NVDA icon
84
CALL
NVIDIA
NVDA
$4.6T
– –
0
– –
FAST icon
85
Fastenal
FAST
$54.8B
$1.1M 0.17%
34,880
+12
+0% +$405
GOOGL icon
86
CALL
Alphabet (Google) Class A
GOOGL
$4.12T
– –
0
– –
LHX icon
87
L3Harris
LHX
$55.4B
$1.06M 0.17%
4,708
-23
-0.5% -$4.97K
ANET icon
88
CALL
Arista Networks
ANET
$199B
– –
0
– –
ANET icon
89
PUT
Arista Networks
ANET
$199B
– –
0
– –
BAC icon
90
Bank of America
BAC
$429B
$1.04M 0.17%
26,216
– –
SBUX icon
91
Starbucks
SBUX
$119B
$999K 0.16%
12,834
-9,632
-43% -$784K
PAYX icon
92
Paychex
PAYX
$43.4B
$953K 0.15%
8,040
-550
-6% -$67.2K
ET icon
93
Energy Transfer Partners
ET
$69.5B
$922K 0.15%
56,874
-2,752
-5% -$43.2K
AFL icon
94
Aflac
AFL
$65.5B
$907K 0.14%
10,160
– –
VO icon
95
Vanguard Morningstar Mid-Cap ETF
VO
$106B
$859K 0.14%
14,192
-116
-0.8% -$7.05K
SDY icon
96
State Street SPDR S&P Dividend ETF
SDY
$22.1B
$844K 0.13%
6,635
+4,300
+184% +$554K
HON icon
97
Honeywell
HON
$76.4B
$824K 0.13%
4,095
-27
-0.7% -$5.14K
DGS icon
98
WisdomTree Emerging Markets SmallCap Dividend Fund
DGS
$1.66B
$810K 0.13%
15,737
-540
-3% -$27.8K
GSLC icon
99
Goldman Sachs ActiveBeta US Large Cap Equity ETF
GSLC
$14.8B
$806K 0.13%
+7,540
New +$778K
RSP icon
100
Invesco S&P 500 Equal Weight ETF
RSP
$97.3B
$803K 0.13%
4,885
+298
+6% +$49K
2 3
4
5 6

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BWP
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AIP
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1WCM
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TAIM
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ECM
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FSG
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Covenant Asset Management's Q2 2024 Portfolio in Review

As of Q2 2024, Covenant Asset Management held 174 positions worth $629M, up 3.1% from $610M the previous quarter. Its ten largest holdings account for 44% of the portfolio.

Covenant Asset Management withdrew a net $22.7M in Q2 2024, closing 8 positions and reducing 65 holdings. Its most notable exit was Idexx Laboratories, an estimated $3.5M position sold in full.

By sector, the portfolio is most concentrated in Technology at 32% of assets, up from 29% a quarter earlier, followed by Healthcare and Communication Services.

Against the trend, Covenant Asset Management opened a new position in e.l.f. Beauty worth $4.73M.

  • Covenant Asset Management's largest Q2 2024 buy was e.l.f. Beauty: 22,454 shares worth $4.73M.
  • Covenant Asset Management added most to SolarEdge in Q2 2024, an estimated $2.42M increase.
  • Covenant Asset Management's biggest Q2 2024 reduction was Deckers Outdoor, cutting an estimated $2.87M.
  • Covenant Asset Management fully exited Idexx Laboratories in Q2 2024, selling an estimated $3.5M.
  • Covenant Asset Management's ten largest holdings make up 44% of its $629M portfolio in Q2 2024.
  • Covenant Asset Management opened 16 new positions and closed 8 in Q2 2024.
  • Covenant Asset Management's portfolio value rose 3.1% quarter-over-quarter to $629M.

Based on Covenant Asset Management's 13F filing for Q2 2024, filed 2 Aug 2024.