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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
+13.28%
1 Year Est. Return
+38.14%
3 Year Est. Return
+158.45%
5 Year Est. Return
+212.83%
10 Year Est. Return
–
AUM
$312M
AUM Growth
-$140M
Cap. Flow
-$180M
Cap. Flow %
-57.58%
Top 10 Hldgs %
44.12%
Holding
141
New
9
Increased
20
Reduced
59
Closed
15

Top Buys

Rank Stock Value
1
MPWR icon
Monolithic Power Systems
MPWR
+$2.94M
2
BLD
TopBuild
BLD
+$2.29M
3
CTAS icon
Cintas
CTAS
+$1.99M
4
SEDG icon
SolarEdge
SEDG
+$1.77M
5
EBS icon
Emergent Biosolutions
EBS
+$1.65M

Top Sells

Rank Stock Value
1
CIEN icon
Ciena
CIEN
+$3.77M
2
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$3.6M
3
FISV
Fiserv Inc
FISV
+$2.15M
4
BAH icon
Booz Allen Hamilton
BAH
+$2.07M
5
ILMN icon
Illumina
ILMN
+$1.99M

Sector Composition

Rank Sector Weight
1 Technology 28.03%
2 Healthcare 15.02%
3 Communication Services 8.8%
4 Consumer Discretionary 7.88%
5 Industrials 5.99%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MKC icon
101
McCormick & Company Non-Voting
MKC
$13.8B
$430K 0.14%
4,430
– –
PG icon
102
Procter & Gamble
PG
$337B
$427K 0.14%
3,069
– –
IGSB icon
103
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$22.9B
$426K 0.14%
7,756
-800
-9% -$43.9K
WSM icon
104
Williams-Sonoma
WSM
$27.8B
$420K 0.13%
9,290
– –
TD icon
105
Toronto Dominion Bank
TD
$199B
$401K 0.13%
8,677
-700
-7% -$32.6K
VCSH icon
106
Vanguard Short-Term Corporate Bond ETF
VCSH
$44.6B
$388K 0.12%
4,687
– –
RTX icon
107
RTX Corp
RTX
$291B
$371K 0.12%
6,445
-400
-6% -$24.4K
AFL icon
108
Aflac
AFL
$64.6B
$369K 0.12%
10,160
– –
SBUX icon
109
Starbucks
SBUX
$119B
$364K 0.12%
4,234
– –
VYM icon
110
Vanguard High Dividend Yield ETF
VYM
$81.1B
$363K 0.12%
4,480
-200
-4% -$16.4K
SDY icon
111
State Street SPDR S&P Dividend ETF
SDY
$23.5B
$349K 0.11%
3,775
-300
-7% -$28.3K
CVX icon
112
Chevron
CVX
$386B
$345K 0.11%
4,796
-472
-9% -$39.7K
DGRW icon
113
WisdomTree Trust WisdomTree US Quality Dividend Growth Fund
DGRW
$16.9B
$322K 0.1%
6,502
– –
MMM icon
114
3M
MMM
$91.1B
$315K 0.1%
2,350
– –
XBI icon
115
State Street SPDR S&P Biotech ETF
XBI
$9.57B
$315K 0.1%
2,825
– –
HDV
116
iShares Core High Dividend ETF
HDV
$14.8B
$305K 0.1%
18,960
+295
+2% +$4.91K
AVGO icon
117
Broadcom
AVGO
$1.85T
$302K 0.1%
8,280
-2,410
-23% -$80.7K
TFC icon
118
Truist Financial
TFC
$63B
$273K 0.09%
7,181
– –
AMLP icon
119
Alerian MLP ETF
AMLP
$12.9B
$271K 0.09%
13,553
– –
D icon
120
Dominion Energy
D
$60.4B
$268K 0.09%
3,392
– –
ARKK icon
121
ARK Innovation ETF
ARKK
$5.83B
$224K 0.07%
+2,431
New +$208K
DRE
122
DELISTED
Duke Realty Corp.
DRE
$219K 0.07%
5,930
-650
-10% -$24.5K
VB icon
123
Vanguard Morningstar Small-Cap ETF
VB
$80.5B
$214K 0.07%
1,393
– –
IVW icon
124
iShares S&P 500 Growth ETF
IVW
$75.5B
$211K 0.07%
+3,648
New +$206K
AMJ
125
DELISTED
JP Morgan Alerian MLP Index ETN 5/24/24
AMJ
$148K 0.05%
13,770
– –
2 3 4
5
6

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Covenant Asset Management's Q3 2020 Portfolio in Review

As of Q3 2020, Covenant Asset Management held 141 positions worth $312M, down 31% from $452M the previous quarter. Its ten largest holdings account for 44% of the portfolio.

Covenant Asset Management withdrew a net $180M in Q3 2020, closing 15 positions and reducing 59 holdings. Its most notable exit was Ciena, an estimated $3.77M position sold in full.

By sector, the portfolio is most concentrated in Technology at 28% of assets, up from 17% a quarter earlier, followed by Healthcare and Communication Services.

Against the trend, Covenant Asset Management opened a new position in Monolithic Power Systems worth $3.16M.

  • Covenant Asset Management's largest Q3 2020 buy was Monolithic Power Systems: 11,292 shares worth $3.16M.
  • Covenant Asset Management added most to Trade Desk in Q3 2020, an estimated $867K increase.
  • Covenant Asset Management's biggest Q3 2020 reduction was Alphabet (Google) Class A, cutting an estimated $3.6M.
  • Covenant Asset Management fully exited Ciena in Q3 2020, selling an estimated $3.77M.
  • Covenant Asset Management's ten largest holdings make up 44% of its $312M portfolio in Q3 2020.
  • Covenant Asset Management opened 9 new positions and closed 15 in Q3 2020.
  • Covenant Asset Management's portfolio value fell 31% quarter-over-quarter to $312M.

Based on Covenant Asset Management's 13F filing for Q3 2020, filed 29 Oct 2020.