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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
+17.77%
1 Year Est. Return
+38.14%
3 Year Est. Return
+158.45%
5 Year Est. Return
+212.83%
10 Year Est. Return
–
AUM
$190M
AUM Growth
-$8.15M
Cap. Flow
-$13.2M
Cap. Flow %
-6.93%
Top 10 Hldgs %
28.75%
Holding
157
New
20
Increased
27
Reduced
73
Closed
22

Top Buys

Rank Stock Value
1
TTD icon
Trade Desk
TTD
+$2.6M
2
INTU icon
Intuit
INTU
+$2.27M
3
ETSY icon
Etsy
ETSY
+$1.87M
4
BA icon
Boeing
BA
+$1.77M
5
IDXX icon
Idexx Laboratories
IDXX
+$1.26M

Top Sells

Rank Stock Value
1
LGND icon
Ligand Pharmaceuticals
LGND
+$2.85M
2
RJF icon
Raymond James Financial
RJF
+$2.44M
3
XBI icon
State Street SPDR S&P Biotech ETF
XBI
+$2.3M
4
RTN
Raytheon Company
RTN
+$2.23M
5
BYM
BlackRock Municipal Income Quality Trust
BYM
+$2.14M

Sector Composition

Rank Sector Weight
1 Technology 22.51%
2 Healthcare 16.62%
3 Communication Services 10.98%
4 Financials 9.26%
5 Consumer Discretionary 6.52%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HDV
101
iShares Core High Dividend ETF
HDV
$14.7B
$457K 0.24%
24,510
+4,600
+23% +$82.6K
XBI icon
102
State Street SPDR S&P Biotech ETF
XBI
$10B
$449K 0.24%
4,955
-27,065
-85% -$2.3M
NEE icon
103
NextEra Energy
NEE
$185B
$445K 0.23%
9,204
-304
-3% -$13.9K
ABT icon
104
Abbott
ABT
$187B
$439K 0.23%
5,486
– –
DD icon
105
DuPont de Nemours
DD
$18.6B
$435K 0.23%
3,222
-1,052
-25% -$146K
DHR icon
106
Danaher
DHR
$138B
$422K 0.22%
3,610
-112
-3% -$11.5K
HEFA icon
107
iShares Currency Hedged MSCI EAFE ETF
HEFA
$7.45B
$412K 0.22%
14,275
-21,747
-60% -$605K
VIG icon
108
Vanguard Dividend Appreciation ETF
VIG
$111B
$392K 0.21%
3,575
+265
+8% +$27.9K
META icon
109
CALL
Meta Platforms (Facebook)
META
$1.49T
$367K 0.19%
+2,200
New +$350K
META icon
110
PUT
Meta Platforms (Facebook)
META
$1.49T
$367K 0.19%
+2,200
New +$350K
AMLP icon
111
Alerian MLP ETF
AMLP
$12.9B
$365K 0.19%
7,285
-2,435
-25% -$119K
UAA icon
112
Under Armour
UAA
$3.01B
$360K 0.19%
17,044
-1,960
-10% -$41.1K
VYM icon
113
Vanguard High Dividend Yield ETF
VYM
$80.8B
$359K 0.19%
4,195
-870
-17% -$72.7K
DRE
114
DELISTED
Duke Realty Corp.
DRE
$352K 0.18%
11,520
-2,030
-15% -$59.4K
AMJ
115
DELISTED
JP Morgan Alerian MLP Index ETN 5/24/24
AMJ
$340K 0.18%
13,330
-2,900
-18% -$72.4K
MKC icon
116
McCormick & Company Non-Voting
MKC
$14B
$334K 0.18%
4,430
+270
+6% +$18.2K
COR
117
DELISTED
Coresite Realty Corporation
COR
$327K 0.17%
3,055
-85
-3% -$8.42K
VUG icon
118
Vanguard Morningstar Growth ETF
VUG
$212B
$311K 0.16%
11,928
-2,028
-15% -$50K
FAST icon
119
Fastenal
FAST
$54.8B
$305K 0.16%
18,988
-7,192
-27% -$108K
PG icon
120
Procter & Gamble
PG
$340B
$283K 0.15%
2,721
-90
-3% -$8.76K
STI
121
DELISTED
SunTrust Banks, Inc.
STI
$277K 0.15%
4,682
-600
-11% -$36.7K
PWB icon
122
Invesco Large Cap Growth ETF
PWB
$2.17B
$273K 0.14%
5,750
-910
-14% -$41.4K
IJH icon
123
iShares Core S&P Mid-Cap ETF
IJH
$121B
$257K 0.14%
+6,775
New +$250K
WSM icon
124
Williams-Sonoma
WSM
$27.5B
$256K 0.13%
9,116
– –
DGRW icon
125
WisdomTree Trust WisdomTree US Quality Dividend Growth Fund
DGRW
$16.5B
$247K 0.13%
5,732
+135
+2% +$5.57K
3 4
5
6 7

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BWP
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AIP
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Covenant Asset Management's Q1 2019 Portfolio in Review

As of Q1 2019, Covenant Asset Management held 157 positions worth $190M, down 4.1% from $198M the previous quarter. Its ten largest holdings account for 29% of the portfolio.

Covenant Asset Management withdrew a net $13.2M in Q1 2019, closing 22 positions and reducing 73 holdings. Its most notable exit was Ligand Pharmaceuticals, an estimated $2.85M position sold in full.

By sector, the portfolio is most concentrated in Technology at 23% of assets, up from 21% a quarter earlier, followed by Healthcare and Communication Services.

Against the trend, Covenant Asset Management opened a new position in Trade Desk worth $3.15M.

  • Covenant Asset Management's largest Q1 2019 buy was Trade Desk: 158,870 shares worth $3.15M.
  • Covenant Asset Management added most to Boeing in Q1 2019, an estimated $1.77M increase.
  • Covenant Asset Management's biggest Q1 2019 reduction was State Street SPDR S&P Biotech ETF, cutting an estimated $2.3M.
  • Covenant Asset Management fully exited Ligand Pharmaceuticals in Q1 2019, selling an estimated $2.85M.
  • Covenant Asset Management's ten largest holdings make up 29% of its $190M portfolio in Q1 2019.
  • Covenant Asset Management opened 20 new positions and closed 22 in Q1 2019.
  • Covenant Asset Management's portfolio value fell 4.1% quarter-over-quarter to $190M.

Based on Covenant Asset Management's 13F filing for Q1 2019, filed 26 Apr 2019.