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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
+17.77%
1 Year Est. Return
+38.14%
3 Year Est. Return
+158.45%
5 Year Est. Return
+212.83%
10 Year Est. Return
–
AUM
$190M
AUM Growth
-$8.15M
Cap. Flow
-$13.2M
Cap. Flow %
-6.93%
Top 10 Hldgs %
28.75%
Holding
157
New
20
Increased
27
Reduced
73
Closed
22

Top Buys

Rank Stock Value
1
TTD icon
Trade Desk
TTD
+$2.6M
2
INTU icon
Intuit
INTU
+$2.27M
3
ETSY icon
Etsy
ETSY
+$1.87M
4
BA icon
Boeing
BA
+$1.77M
5
IDXX icon
Idexx Laboratories
IDXX
+$1.26M

Top Sells

Rank Stock Value
1
LGND icon
Ligand Pharmaceuticals
LGND
+$2.85M
2
RJF icon
Raymond James Financial
RJF
+$2.44M
3
XBI icon
State Street SPDR S&P Biotech ETF
XBI
+$2.3M
4
RTN
Raytheon Company
RTN
+$2.23M
5
BYM
BlackRock Municipal Income Quality Trust
BYM
+$2.14M

Sector Composition

Rank Sector Weight
1 Technology 22.51%
2 Healthcare 16.62%
3 Communication Services 10.98%
4 Financials 9.26%
5 Consumer Discretionary 6.52%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
D icon
126
Dominion Energy
D
$61.3B
$233K 0.12%
3,042
-285
-9% -$20.8K
PSX icon
127
Phillips 66
PSX
$84.4B
$233K 0.12%
2,450
– –
STPZ icon
128
PIMCO 1-5 Year US TIPS Index Exchange-Traded Fund
STPZ
$506M
$221K 0.12%
4,280
– –
JNK icon
129
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$7.07B
$217K 0.11%
2,010
– –
LIN icon
130
Linde
LIN
$235B
$216K 0.11%
+1,225
New +$203K
IVW icon
131
iShares S&P 500 Growth ETF
IVW
$72.7B
$209K 0.11%
4,848
– –
WY icon
132
Weyerhaeuser
WY
$16.9B
$204K 0.11%
+7,750
New +$195K
ISBC
133
DELISTED
Investors Bancorp, Inc.
ISBC
$181K 0.1%
15,250
– –
ET icon
134
Energy Transfer Partners
ET
$69.6B
$164K 0.09%
+10,654
New +$158K
CEF icon
135
Sprott Physical Gold and Silver Trust
CEF
$7.56B
$130K 0.07%
10,500
-10,500
-50% -$134K
GE icon
136
GE Aerospace
GE
$368B
$124K 0.07%
+2,488
New +$117K
HYB
137
DELISTED
New America High Income Fund, Inc.
HYB
$96K 0.05%
+11,300
New +$93.7K
BAC icon
138
CALL
Bank of America
BAC
$433B
– –
-13,000
Closed -$148K
EA icon
139
Electronic Arts
EA
$52.9B
– –
-13,138
Closed -$1.58M
GILD icon
140
Gilead Sciences
GILD
$163B
– –
-3,325
Closed -$257K
LAZ icon
141
Lazard
LAZ
$4.09B
– –
-8,624
Closed -$415K
LGND icon
142
Ligand Pharmaceuticals
LGND
$5.94B
– –
-16,630
Closed -$2.85M
LOPE icon
143
Grand Canyon Education
LOPE
$3.98B
– –
-17,575
Closed -$1.98M
NOC icon
144
Northrop Grumman
NOC
$76B
– –
-5,054
Closed -$1.6M
NUE icon
145
Nucor
NUE
$58.5B
– –
-3,347
Closed -$212K
PRU icon
146
Prudential Financial
PRU
$42.6B
– –
-2,500
Closed -$253K
RJF icon
147
Raymond James Financial
RJF
$33.6B
– –
-39,809
Closed -$2.44M
STIP icon
148
iShares 0-5 Year TIPS Bond ETF
STIP
$15.9B
– –
-8,254
Closed -$815K
STT icon
149
State Street
STT
$50.2B
– –
-15,335
Closed -$1.28M
STZ icon
150
Constellation Brands
STZ
$22.3B
– –
-6,884
Closed -$1.48M
3 4 5
6
7

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TAIM
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LBIM
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Covenant Asset Management's Q1 2019 Portfolio in Review

As of Q1 2019, Covenant Asset Management held 157 positions worth $190M, down 4.1% from $198M the previous quarter. Its ten largest holdings account for 29% of the portfolio.

Covenant Asset Management withdrew a net $13.2M in Q1 2019, closing 22 positions and reducing 73 holdings. Its most notable exit was Ligand Pharmaceuticals, an estimated $2.85M position sold in full.

By sector, the portfolio is most concentrated in Technology at 23% of assets, up from 21% a quarter earlier, followed by Healthcare and Communication Services.

Against the trend, Covenant Asset Management opened a new position in Trade Desk worth $3.15M.

  • Covenant Asset Management's largest Q1 2019 buy was Trade Desk: 158,870 shares worth $3.15M.
  • Covenant Asset Management added most to Boeing in Q1 2019, an estimated $1.77M increase.
  • Covenant Asset Management's biggest Q1 2019 reduction was State Street SPDR S&P Biotech ETF, cutting an estimated $2.3M.
  • Covenant Asset Management fully exited Ligand Pharmaceuticals in Q1 2019, selling an estimated $2.85M.
  • Covenant Asset Management's ten largest holdings make up 29% of its $190M portfolio in Q1 2019.
  • Covenant Asset Management opened 20 new positions and closed 22 in Q1 2019.
  • Covenant Asset Management's portfolio value fell 4.1% quarter-over-quarter to $190M.

Based on Covenant Asset Management's 13F filing for Q1 2019, filed 26 Apr 2019.