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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
+14.51%
1 Year Est. Return
+38.14%
3 Year Est. Return
+158.45%
5 Year Est. Return
+212.83%
10 Year Est. Return
–
AUM
$420M
AUM Growth
+$1.42M
Cap. Flow
-$61M
Cap. Flow %
-14.52%
Top 10 Hldgs %
32.58%
Holding
187
New
10
Increased
54
Reduced
53
Closed
9

Top Buys

Rank Stock Value
1
ROK icon
Rockwell Automation
ROK
+$3.39M
2
KLAC icon
KLA
KLAC
+$2.77M
3
BA icon
Boeing
BA
+$2.42M
4
RTX icon
RTX Corp
RTX
+$2.22M
5
URI icon
United Rentals
URI
+$1.98M

Top Sells

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$3.74M
2
MSFT icon
Microsoft
MSFT
+$3.3M
3
AMAT icon
Applied Materials
AMAT
+$2.68M
4
HII icon
Huntington Ingalls Industries
HII
+$2.31M
5
LHX icon
L3Harris
LHX
+$2.09M

Sector Composition

Rank Sector Weight
1 Technology 27.76%
2 Healthcare 11.18%
3 Industrials 7.84%
4 Consumer Discretionary 6.29%
5 Communication Services 5.04%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BAC icon
101
Bank of America
BAC
$435B
$831K 0.2%
29,050
-136
-0.5% -$4.49K
DHR icon
102
Danaher
DHR
$137B
$763K 0.18%
3,414
+39
+1% +$8.87K
HON icon
103
Honeywell
HON
$77B
$758K 0.18%
4,206
-1,869
-31% -$351K
TSCO icon
104
Tractor Supply
TSCO
$16.1B
$732K 0.17%
15,575
+4,400
+39% +$200K
ETN icon
105
Eaton
ETN
$161B
$691K 0.16%
4,032
-82
-2% -$13.7K
VZ icon
106
Verizon
VZ
$195B
$661K 0.16%
16,996
-10,905
-39% -$430K
AFL icon
107
Aflac
AFL
$64.9B
$656K 0.16%
10,160
– –
PEP icon
108
PepsiCo
PEP
$190B
$646K 0.15%
3,543
– –
ET icon
109
Energy Transfer Partners
ET
$70.1B
$645K 0.15%
51,741
+26,725
+107% +$338K
IYR icon
110
iShares US Real Estate ETF
IYR
$4.67B
$642K 0.15%
7,562
-225
-3% -$19.7K
AMLP icon
111
Alerian MLP ETF
AMLP
$13B
$636K 0.15%
16,462
+17
+0.1% +$666
BYM
112
DELISTED
BlackRock Municipal Income Quality Trust
BYM
$620K 0.15%
54,155
-114,716
-68% -$1.32M
PYPL icon
113
PayPal
PYPL
$48.9B
$613K 0.15%
8,077
-23,045
-74% -$1.77M
XYZ
114
Block Inc
XYZ
$48.4B
$552K 0.13%
8,038
+2,614
+48% +$196K
BBY icon
115
Best Buy
BBY
$18.2B
$549K 0.13%
7,014
+268
+4% +$22.1K
VIG icon
116
Vanguard Dividend Appreciation ETF
VIG
$111B
$526K 0.13%
3,416
– –
ISRG icon
117
Intuitive Surgical
ISRG
$127B
$526K 0.13%
2,057
+36
+2% +$8.87K
VYM icon
118
Vanguard High Dividend Yield ETF
VYM
$80.9B
$525K 0.12%
4,972
– –
TD icon
119
Toronto Dominion Bank
TD
$198B
$509K 0.12%
8,492
– –
TSLA icon
120
Tesla
TSLA
$1.23T
$487K 0.12%
+2,348
New +$410K
BTT icon
121
BlackRock Municipal 2030 Target Term Trust
BTT
$1.43B
$475K 0.11%
21,860
– –
PFE icon
122
Pfizer
PFE
$143B
$467K 0.11%
11,435
-2,992
-21% -$129K
ABT icon
123
Abbott
ABT
$183B
$464K 0.11%
4,583
-100
-2% -$10.6K
PWB icon
124
Invesco Large Cap Growth ETF
PWB
$2.29B
$452K 0.11%
6,951
+84
+1% +$5.26K
PG icon
125
Procter & Gamble
PG
$336B
$413K 0.1%
2,777
– –
3 4
5
6 7

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Covenant Asset Management's Q1 2023 Portfolio in Review

As of Q1 2023, Covenant Asset Management held 187 positions worth $420M, up 0.34% from $419M the previous quarter. Its ten largest holdings account for 33% of the portfolio.

Covenant Asset Management withdrew a net $61M in Q1 2023, closing 9 positions and reducing 53 holdings. Its most notable exit was Huntington Ingalls Industries, an estimated $2.31M position sold in full.

By sector, the portfolio is most concentrated in Technology at 28% of assets, up from 24% a quarter earlier, followed by Healthcare and Industrials.

Against the trend, Covenant Asset Management opened a new position in Rockwell Automation worth $3.5M.

  • Covenant Asset Management's largest Q1 2023 buy was Rockwell Automation: 11,916 shares worth $3.5M.
  • Covenant Asset Management added most to Boeing in Q1 2023, an estimated $2.42M increase.
  • Covenant Asset Management's biggest Q1 2023 reduction was Apple, cutting an estimated $3.74M.
  • Covenant Asset Management fully exited Huntington Ingalls Industries in Q1 2023, selling an estimated $2.31M.
  • Covenant Asset Management's ten largest holdings make up 33% of its $420M portfolio in Q1 2023.
  • Covenant Asset Management opened 10 new positions and closed 9 in Q1 2023.
  • Covenant Asset Management's portfolio value rose 0.34% quarter-over-quarter to $420M.

Based on Covenant Asset Management's 13F filing for Q1 2023, filed 27 Apr 2023.