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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
+17.74%
1 Year Est. Return
+38.14%
3 Year Est. Return
+158.45%
5 Year Est. Return
+212.83%
10 Year Est. Return
–
AUM
$610M
AUM Growth
+$53M
Cap. Flow
-$21.8M
Cap. Flow %
-3.57%
Top 10 Hldgs %
47.24%
Holding
163
New
8
Increased
69
Reduced
33
Closed
10

Top Buys

Rank Stock Value
1
META icon
Meta Platforms (Facebook)
META
+$4.49M
2
HWM icon
Howmet Aerospace
HWM
+$3.05M
3
LHX icon
L3Harris
LHX
+$994K
4
MCHP icon
Microchip Technology
MCHP
+$703K
5
UNH icon
UnitedHealth
UNH
+$628K

Top Sells

Rank Stock Value
1
ROK icon
Rockwell Automation
ROK
+$3.68M
2
BA icon
Boeing
BA
+$3.54M
3
EOG icon
EOG Resources
EOG
+$1.55M
4
LMT icon
Lockheed Martin
LMT
+$941K
5
CSCO icon
Cisco
CSCO
+$791K

Sector Composition

Rank Sector Weight
1 Technology 28.5%
2 Healthcare 9.33%
3 Consumer Discretionary 6.07%
4 Communication Services 6.06%
5 Industrials 6.01%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ABT icon
101
Abbott
ABT
$185B
$566K 0.09%
4,983
– –
AXP icon
102
American Express
AXP
$231B
$560K 0.09%
2,461
– –
PWB icon
103
Invesco Large Cap Growth ETF
PWB
$2.32B
$546K 0.09%
6,118
-833
-12% -$70.6K
NXPI icon
104
NXP Semiconductors
NXPI
$56.7B
$533K 0.09%
+2,151
New +$497K
BTT icon
105
BlackRock Municipal 2030 Target Term Trust
BTT
$1.43B
$479K 0.08%
22,750
– –
ENPH icon
106
PUT
Enphase Energy
ENPH
$5.17B
– –
0
– –
TJX icon
107
TJX Companies
TJX
$173B
$450K 0.07%
+4,440
New +$430K
DGRW icon
108
WisdomTree Trust WisdomTree US Quality Dividend Growth Fund
DGRW
$16.9B
$449K 0.07%
5,898
+313
+6% +$22.8K
PG icon
109
Procter & Gamble
PG
$337B
$441K 0.07%
2,716
– –
TD icon
110
Toronto Dominion Bank
TD
$199B
$419K 0.07%
6,942
– –
UNP icon
111
Union Pacific
UNP
$173B
$407K 0.07%
1,655
– –
PAA icon
112
Plains All American Pipeline
PAA
$17.1B
$387K 0.06%
22,036
+795
+4% +$12.8K
XYZ
113
Block Inc
XYZ
$48.5B
$386K 0.06%
4,564
-867
-16% -$62.7K
VZ icon
114
Verizon
VZ
$197B
$369K 0.06%
8,804
-6,186
-41% -$250K
LMT icon
115
Lockheed Martin
LMT
$134B
$368K 0.06%
809
-2,148
-73% -$941K
CQP icon
116
Cheniere Energy
CQP
$31.9B
$360K 0.06%
7,295
+245
+3% +$12.4K
AZN icon
117
AstraZeneca
AZN
$241B
$359K 0.06%
2,648
+196
+8% +$26K
NEE icon
118
NextEra Energy
NEE
$180B
$356K 0.06%
5,567
-9,071
-62% -$531K
OKE icon
119
Oneok
OKE
$55.5B
$346K 0.06%
4,319
+190
+5% +$13.9K
CARR icon
120
Carrier Global
CARR
$51.9B
$343K 0.06%
5,900
– –
MKC icon
121
McCormick & Company Non-Voting
MKC
$13.8B
$340K 0.06%
4,430
– –
PLD icon
122
Prologis
PLD
$134B
$318K 0.05%
2,439
-145
-6% -$18.9K
XBI icon
123
State Street SPDR S&P Biotech ETF
XBI
$9.66B
$308K 0.05%
3,243
– –
AMJ
124
DELISTED
JP Morgan Alerian MLP Index ETN 5/24/24
AMJ
$307K 0.05%
10,789
– –
SDY icon
125
State Street SPDR S&P Dividend ETF
SDY
$23.6B
$306K 0.05%
2,335
– –
3 4
5
6 7

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LBIM
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Covenant Asset Management's Q1 2024 Portfolio in Review

As of Q1 2024, Covenant Asset Management held 163 positions worth $610M, up 9.5% from $557M the previous quarter. Its ten largest holdings account for 47% of the portfolio.

Covenant Asset Management withdrew a net $21.8M in Q1 2024, closing 10 positions and reducing 33 holdings. Its most notable exit was Rockwell Automation, an estimated $3.68M position sold in full.

By sector, the portfolio is most concentrated in Technology at 29% of assets, up from 27% a quarter earlier, followed by Healthcare and Consumer Discretionary.

Against the trend, Covenant Asset Management opened a new position in Howmet Aerospace worth $3.4M.

  • Covenant Asset Management's largest Q1 2024 buy was Howmet Aerospace: 49,714 shares worth $3.4M.
  • Covenant Asset Management added most to Meta Platforms (Facebook) in Q1 2024, an estimated $4.49M increase.
  • Covenant Asset Management's biggest Q1 2024 reduction was Lockheed Martin, cutting an estimated $941K.
  • Covenant Asset Management fully exited Rockwell Automation in Q1 2024, selling an estimated $3.68M.
  • Covenant Asset Management's ten largest holdings make up 47% of its $610M portfolio in Q1 2024.
  • Covenant Asset Management opened 8 new positions and closed 10 in Q1 2024.
  • Covenant Asset Management's portfolio value rose 9.5% quarter-over-quarter to $610M.

Based on Covenant Asset Management's 13F filing for Q1 2024, filed 23 Apr 2024.