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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
+6.8%
1 Year Est. Return
+38.14%
3 Year Est. Return
+158.45%
5 Year Est. Return
+212.83%
10 Year Est. Return
–
AUM
$148M
AUM Growth
-$706K
Cap. Flow
-$8.6M
Cap. Flow %
-5.8%
Top 10 Hldgs %
24.13%
Holding
150
New
22
Increased
31
Reduced
72
Closed
20

Top Buys

Rank Stock Value
1
CFG icon
Citizens Financial Group
CFG
+$1.75M
2
NFLX icon
Netflix
NFLX
+$1.7M
3
RF icon
Regions Financial
RF
+$1.64M
4
HII icon
Huntington Ingalls Industries
HII
+$1.5M
5
VNQ icon
Vanguard Real Estate ETF
VNQ
+$1.49M

Top Sells

Rank Stock Value
1
EGBN icon
Eagle Bancorp
EGBN
+$2.34M
2
SBUX icon
Starbucks
SBUX
+$2.25M
3
AYI icon
Acuity Brands
AYI
+$1.98M
4
V icon
Visa
V
+$1.89M
5
CXP
COLUMBIA PROPERTY TRUST, INC.
CXP
+$1.77M

Sector Composition

Rank Sector Weight
1 Healthcare 16.91%
2 Technology 16.14%
3 Financials 12.69%
4 Communication Services 10.55%
5 Industrials 8.71%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ISBC
126
DELISTED
Investors Bancorp, Inc.
ISBC
$219K 0.15%
15,250
– –
VOO icon
127
Vanguard S&P 500 ETF
VOO
$968B
$211K 0.14%
977
– –
JNK icon
128
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$7.05B
$205K 0.14%
+1,850
New +$204K
INTC icon
129
Intel
INTC
$462B
$203K 0.14%
5,633
-2,000
-26% -$72.4K
MKC icon
130
McCormick & Company Non-Voting
MKC
$13.6B
$203K 0.14%
4,160
-950
-19% -$46K
AYI icon
131
Acuity Brands
AYI
$10.1B
– –
-8,558
Closed -$1.98M
DKS icon
132
Dick's Sporting Goods
DKS
$18.4B
– –
-12,758
Closed -$677K
DOV icon
133
Dover
DOV
$27.7B
– –
-3,361
Closed -$203K
ECL icon
134
Ecolab
ECL
$76.4B
– –
-1,818
Closed -$213K
EGBN icon
135
Eagle Bancorp
EGBN
$858M
– –
-38,370
Closed -$2.34M
EPP icon
136
iShares MSCI Pacific ex Japan ETF
EPP
$2.19B
– –
-6,425
Closed -$254K
HD icon
137
Home Depot
HD
$335B
– –
-1,679
Closed -$225K
HEDJ icon
138
WisdomTree Europe Hedged Equity Fund
HEDJ
$1.82B
– –
-22,130
Closed -$635K
IBB icon
139
iShares Biotechnology ETF
IBB
$9.44B
– –
-5,922
Closed -$524K
NXPI icon
140
NXP Semiconductors
NXPI
$67.6B
– –
-2,169
Closed -$213K
PSX icon
141
Phillips 66
PSX
$83.3B
– –
-2,700
Closed -$233K
SLB icon
142
SLB Ltd
SLB
$76.5B
– –
-3,447
Closed -$289K
TSCO icon
143
Tractor Supply
TSCO
$16.7B
– –
-66,120
Closed -$1M
UA icon
144
Under Armour Class C
UA
$2.95B
– –
-48,984
Closed -$1.23M
VEA icon
145
Vanguard FTSE Developed Markets ETF
VEA
$227B
– –
-19,327
Closed -$706K
WFC icon
146
Wells Fargo
WFC
$264B
– –
-4,613
Closed -$254K
CLR
147
DELISTED
CONTINENTAL RESOURCES INC.
CLR
– –
-26,753
Closed -$1.38M
RDS.A
148
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
– –
-8,145
Closed -$443K
CXP
149
DELISTED
COLUMBIA PROPERTY TRUST, INC.
CXP
– –
-82,046
Closed -$1.77M
AMTD
150
DELISTED
TD Ameritrade Holding Corp
AMTD
– –
-36,949
Closed -$1.61M
2 3 4 5
6

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AIP
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TAIM
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Covenant Asset Management's Q1 2017 Portfolio in Review

As of Q1 2017, Covenant Asset Management held 150 positions worth $148M, down 0.47% from $149M the previous quarter. Its ten largest holdings account for 24% of the portfolio.

Covenant Asset Management withdrew a net $8.6M in Q1 2017, closing 20 positions and reducing 72 holdings. Its most notable exit was Eagle Bancorp, an estimated $2.34M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 17% of assets, down from 18% a quarter earlier, followed by Technology and Financials.

Against the trend, Covenant Asset Management opened a new position in Regions Financial worth $1.62M.

  • Covenant Asset Management's largest Q1 2017 buy was Regions Financial: 111,470 shares worth $1.62M.
  • Covenant Asset Management added most to Citizens Financial Group in Q1 2017, an estimated $1.75M increase.
  • Covenant Asset Management's biggest Q1 2017 reduction was Starbucks, cutting an estimated $2.25M.
  • Covenant Asset Management fully exited Eagle Bancorp in Q1 2017, selling an estimated $2.34M.
  • Covenant Asset Management's ten largest holdings make up 24% of its $148M portfolio in Q1 2017.
  • Covenant Asset Management opened 22 new positions and closed 20 in Q1 2017.
  • Covenant Asset Management's portfolio value fell 0.47% quarter-over-quarter to $148M.

Based on Covenant Asset Management's 13F filing for Q1 2017, filed 21 Apr 2017.