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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
+9.07%
1 Year Est. Return
+38.14%
3 Year Est. Return
+158.45%
5 Year Est. Return
+212.83%
10 Year Est. Return
–
AUM
$629M
AUM Growth
+$19M
Cap. Flow
-$22.7M
Cap. Flow %
-3.61%
Top 10 Hldgs %
43.62%
Holding
174
New
16
Increased
37
Reduced
65
Closed
8

Top Buys

Rank Stock Value
1
ELF icon
e.l.f. Beauty
ELF
+$3.99M
2
ARM icon
Arm
ARM
+$3.98M
3
MEDP icon
Medpace
MEDP
+$3.55M
4
SEDG icon
SolarEdge
SEDG
+$2.42M
5
NFLX icon
Netflix
NFLX
+$1.89M

Top Sells

Rank Stock Value
1
IDXX icon
Idexx Laboratories
IDXX
+$3.5M
2
DECK icon
Deckers Outdoor
DECK
+$2.87M
3
ADBE icon
Adobe
ADBE
+$2.8M
4
ULTA icon
Ulta Beauty
ULTA
+$2.78M
5
ODFL icon
Old Dominion Freight Line
ODFL
+$1.27M

Sector Composition

Rank Sector Weight
1 Technology 31.53%
2 Healthcare 9.42%
3 Communication Services 6.91%
4 Industrials 5.38%
5 Consumer Discretionary 4.82%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SBUX icon
101
CALL
Starbucks
SBUX
$119B
– –
0
– –
DHR icon
102
Danaher
DHR
$138B
$748K 0.12%
2,992
– –
AMLP icon
103
Alerian MLP ETF
AMLP
$12.9B
$747K 0.12%
15,565
-438
-3% -$20.5K
MCHP icon
104
Microchip Technology
MCHP
$38.8B
$722K 0.11%
7,894
-260
-3% -$23.8K
TSCO icon
105
Tractor Supply
TSCO
$16.3B
$713K 0.11%
13,205
-140
-1% -$7.53K
RTX icon
106
RTX Corp
RTX
$290B
$640K 0.1%
6,380
– –
IYR icon
107
iShares US Real Estate ETF
IYR
$4.75B
$635K 0.1%
7,237
-211
-3% -$18.1K
PEP icon
108
PepsiCo
PEP
$196B
$617K 0.1%
3,743
+200
+6% +$34.5K
VIG icon
109
Vanguard Dividend Appreciation ETF
VIG
$111B
$608K 0.1%
3,333
-11
-0.3% -$1.98K
NXPI icon
110
NXP Semiconductors
NXPI
$60.8B
$606K 0.1%
2,252
+101
+5% +$26K
VYM icon
111
Vanguard High Dividend Yield ETF
VYM
$80.8B
$590K 0.09%
4,978
-43
-0.9% -$5.1K
SPLV icon
112
Invesco S&P 500 Low Volatility ETF
SPLV
$7.24B
$590K 0.09%
+9,082
New +$588K
VOO icon
113
Vanguard S&P 500 ETF
VOO
$956B
$590K 0.09%
1,179
+608
+106% +$293K
PWB icon
114
Invesco Large Cap Growth ETF
PWB
$2.17B
$578K 0.09%
6,118
– –
AXP icon
115
American Express
AXP
$224B
$570K 0.09%
2,461
– –
TJX icon
116
TJX Companies
TJX
$179B
$533K 0.08%
4,842
+402
+9% +$40.5K
PG icon
117
Procter & Gamble
PG
$340B
$530K 0.08%
3,216
+500
+18% +$81.7K
SHOP icon
118
CALL
Shopify
SHOP
$168B
– –
0
– –
ABT icon
119
Abbott
ABT
$187B
$518K 0.08%
4,983
– –
ASML icon
120
CALL
ASML
ASML
$596B
– –
0
– –
FVD icon
121
First Trust Value Line Dividend Fund
FVD
$8.44B
$489K 0.08%
+12,000
New +$495K
TTD icon
122
CALL
Trade Desk
TTD
$8.97B
– –
0
– –
BTT icon
123
BlackRock Municipal 2030 Target Term Trust
BTT
$1.44B
$473K 0.08%
22,750
– –
DGRW icon
124
WisdomTree Trust WisdomTree US Quality Dividend Growth Fund
DGRW
$16.5B
$458K 0.07%
5,872
-26
-0.4% -$1.97K
JPM icon
125
CALL
JPMorgan Chase
JPM
$916B
– –
0
– –
3 4
5
6 7

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Covenant Asset Management's Q2 2024 Portfolio in Review

As of Q2 2024, Covenant Asset Management held 174 positions worth $629M, up 3.1% from $610M the previous quarter. Its ten largest holdings account for 44% of the portfolio.

Covenant Asset Management withdrew a net $22.7M in Q2 2024, closing 8 positions and reducing 65 holdings. Its most notable exit was Idexx Laboratories, an estimated $3.5M position sold in full.

By sector, the portfolio is most concentrated in Technology at 32% of assets, up from 29% a quarter earlier, followed by Healthcare and Communication Services.

Against the trend, Covenant Asset Management opened a new position in e.l.f. Beauty worth $4.73M.

  • Covenant Asset Management's largest Q2 2024 buy was e.l.f. Beauty: 22,454 shares worth $4.73M.
  • Covenant Asset Management added most to SolarEdge in Q2 2024, an estimated $2.42M increase.
  • Covenant Asset Management's biggest Q2 2024 reduction was Deckers Outdoor, cutting an estimated $2.87M.
  • Covenant Asset Management fully exited Idexx Laboratories in Q2 2024, selling an estimated $3.5M.
  • Covenant Asset Management's ten largest holdings make up 44% of its $629M portfolio in Q2 2024.
  • Covenant Asset Management opened 16 new positions and closed 8 in Q2 2024.
  • Covenant Asset Management's portfolio value rose 3.1% quarter-over-quarter to $629M.

Based on Covenant Asset Management's 13F filing for Q2 2024, filed 2 Aug 2024.