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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
-2.65%
1 Year Est. Return
+38.14%
3 Year Est. Return
+158.45%
5 Year Est. Return
+212.83%
10 Year Est. Return
–
AUM
$379M
AUM Growth
-$14.8M
Cap. Flow
-$33.7M
Cap. Flow %
-8.87%
Top 10 Hldgs %
36.31%
Holding
165
New
5
Increased
46
Reduced
45
Closed
5

Top Buys

Rank Stock Value
1
REGN icon
Regeneron Pharmaceuticals
REGN
+$1.52M
2
DE icon
Deere & Co
DE
+$1.26M
3
NBIX icon
Neurocrine Biosciences
NBIX
+$1.22M
4
UBER icon
Uber
UBER
+$1.05M
5
SPGI icon
S&P Global
SPGI
+$611K

Top Sells

Rank Stock Value
1
DXCM icon
DexCom
DXCM
+$3.87M
2
UNH icon
UnitedHealth
UNH
+$1.17M
3
SEDG icon
SolarEdge
SEDG
+$767K
4
AMZN icon
Amazon
AMZN
+$412K
5
MMP
Magellan Midstream Partners, L.P.
MMP
+$386K

Sector Composition

Rank Sector Weight
1 Technology 33.6%
2 Healthcare 12.81%
3 Industrials 8.48%
4 Consumer Discretionary 7.28%
5 Communication Services 6.92%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IYR icon
101
iShares US Real Estate ETF
IYR
$4.66B
$562K 0.15%
7,196
-255
-3% -$21.7K
NOW icon
102
CALL
ServiceNow
NOW
$115B
– –
0
– –
NOW icon
103
PUT
ServiceNow
NOW
$115B
– –
0
– –
ILMN icon
104
Illumina
ILMN
$31B
$536K 0.14%
4,013
– –
BYM
105
DELISTED
BlackRock Municipal Income Quality Trust
BYM
$534K 0.14%
54,155
– –
VIG icon
106
Vanguard Dividend Appreciation ETF
VIG
$111B
$531K 0.14%
3,416
– –
GOOG icon
107
CALL
Alphabet (Google) Class C
GOOG
$4.36T
– –
0
– –
AMD icon
108
CALL
Advanced Micro Devices
AMD
$776B
– –
0
– –
AMD icon
109
PUT
Advanced Micro Devices
AMD
$776B
– –
0
– –
VYM icon
110
Vanguard High Dividend Yield ETF
VYM
$80.9B
$514K 0.14%
4,972
– –
TD icon
111
Toronto Dominion Bank
TD
$198B
$506K 0.13%
8,392
– –
BBY icon
112
Best Buy
BBY
$18.2B
$491K 0.13%
7,065
-80
-1% -$6.18K
VZ icon
113
Verizon
VZ
$195B
$486K 0.13%
14,990
-1,048
-7% -$35.4K
PWB icon
114
Invesco Large Cap Growth ETF
PWB
$2.29B
$471K 0.12%
6,951
– –
RTX icon
115
RTX Corp
RTX
$290B
$452K 0.12%
6,280
– –
ABT icon
116
Abbott
ABT
$183B
$444K 0.12%
4,583
– –
PTY icon
117
PIMCO Corporate & Income Opportunity Fund
PTY
$2.48B
$422K 0.11%
32,262
-500
-2% -$7.06K
COIN icon
118
Coinbase
COIN
$38.6B
$408K 0.11%
5,430
– –
PG icon
119
Procter & Gamble
PG
$336B
$396K 0.1%
2,716
– –
CQP icon
120
Cheniere Energy
CQP
$31.9B
$382K 0.1%
7,050
– –
BTT icon
121
BlackRock Municipal 2030 Target Term Trust
BTT
$1.43B
$378K 0.1%
19,460
-2,400
-11% -$49.1K
AXP icon
122
American Express
AXP
$227B
$367K 0.1%
2,461
– –
RSP icon
123
Invesco S&P 500 Equal Weight ETF
RSP
$97B
$361K 0.1%
2,545
+152
+6% +$22.7K
DGRW icon
124
WisdomTree Trust WisdomTree US Quality Dividend Growth Fund
DGRW
$16.7B
$357K 0.09%
5,623
-370
-6% -$24.6K
CAT icon
125
Caterpillar
CAT
$375B
$357K 0.09%
1,306
+45
+4% +$12.2K
3 4
5
6 7

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BWP
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1WCM
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TAIM
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FSG
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LBIM
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Covenant Asset Management's Q3 2023 Portfolio in Review

As of Q3 2023, Covenant Asset Management held 165 positions worth $379M, down 3.8% from $394M the previous quarter. Its ten largest holdings account for 36% of the portfolio.

Covenant Asset Management withdrew a net $33.7M in Q3 2023, closing 5 positions and reducing 45 holdings. Its most notable exit was DexCom, an estimated $3.87M position sold in full.

By sector, the portfolio is most concentrated in Technology at 34% of assets, down from 35% a quarter earlier, followed by Healthcare and Industrials.

Against the trend, Covenant Asset Management opened a new position in Uber worth $1.06M.

  • Covenant Asset Management's largest Q3 2023 buy was Uber: 23,004 shares worth $1.06M.
  • Covenant Asset Management added most to Regeneron Pharmaceuticals in Q3 2023, an estimated $1.52M increase.
  • Covenant Asset Management's biggest Q3 2023 reduction was UnitedHealth, cutting an estimated $1.17M.
  • Covenant Asset Management fully exited DexCom in Q3 2023, selling an estimated $3.87M.
  • Covenant Asset Management's ten largest holdings make up 36% of its $379M portfolio in Q3 2023.
  • Covenant Asset Management opened 5 new positions and closed 5 in Q3 2023.
  • Covenant Asset Management's portfolio value fell 3.8% quarter-over-quarter to $379M.

Based on Covenant Asset Management's 13F filing for Q3 2023, filed 31 Oct 2023.