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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
-1.87%
1 Year Est. Return
+38.14%
3 Year Est. Return
+158.45%
5 Year Est. Return
+212.83%
10 Year Est. Return
–
AUM
$199M
AUM Growth
+$6.35M
Cap. Flow
+$15.5M
Cap. Flow %
7.79%
Top 10 Hldgs %
29.25%
Holding
147
New
11
Increased
68
Reduced
26
Closed
10

Top Buys

Rank Stock Value
1
CIEN icon
Ciena
CIEN
+$2.31M
2
BYM
BlackRock Municipal Income Quality Trust
BYM
+$2.3M
3
ENV
ENVESTNET, INC.
ENV
+$2.11M
4
SHOP icon
Shopify
SHOP
+$1.72M
5
IQV icon
IQVIA
IQV
+$1.69M

Top Sells

Rank Stock Value
1
PRAH
PRA Health Sciences, Inc.
PRAH
+$1.64M
2
ACIA
Acacia Communications Inc
ACIA
+$1.63M
3
EOG icon
EOG Resources
EOG
+$1.54M
4
PANW icon
Palo Alto Networks
PANW
+$1.47M
5
NFLX icon
Netflix
NFLX
+$1.32M

Sector Composition

Rank Sector Weight
1 Technology 25.05%
2 Healthcare 17.56%
3 Communication Services 9.57%
4 Financials 7.89%
5 Industrials 7.26%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
UAA icon
126
Under Armour
UAA
$3.01B
$308K 0.15%
15,464
-1,580
-9% -$34.9K
EOG icon
127
EOG Resources
EOG
$77.7B
$300K 0.15%
4,041
-18,986
-82% -$1.54M
STI
128
DELISTED
SunTrust Banks, Inc.
STI
$299K 0.15%
4,342
+60
+1% +$3.84K
PG icon
129
Procter & Gamble
PG
$340B
$289K 0.15%
2,327
+6
+0.3% +$709
PWB icon
130
Invesco Large Cap Growth ETF
PWB
$2.17B
$283K 0.14%
5,850
– –
DGRW icon
131
WisdomTree Trust WisdomTree US Quality Dividend Growth Fund
DGRW
$16.5B
$265K 0.13%
5,882
+155
+3% +$6.86K
PSX icon
132
Phillips 66
PSX
$82.9B
$251K 0.13%
2,450
– –
D icon
133
Dominion Energy
D
$62B
$247K 0.12%
3,042
– –
LIN icon
134
Linde
LIN
$236B
$237K 0.12%
1,225
– –
JNK icon
135
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$7.05B
$229K 0.12%
2,105
+96
+5% +$10.4K
IVW icon
136
iShares S&P 500 Growth ETF
IVW
$70.5B
$218K 0.11%
4,848
– –
ET icon
137
Energy Transfer Partners
ET
$69.5B
$139K 0.07%
10,654
– –
FDX icon
138
FedEx
FDX
$73B
– –
-4,300
Closed -$706K
GE icon
139
GE Aerospace
GE
$364B
– –
-2,087
Closed -$109K
PKG icon
140
Packaging Corp of America
PKG
$22.2B
– –
-6,214
Closed -$592K
HYB
141
DELISTED
New America High Income Fund, Inc.
HYB
– –
-11,300
Closed -$100K
ABMD
142
DELISTED
Abiomed Inc
ABMD
– –
-4,369
Closed -$1.14M
ISBC
143
DELISTED
Investors Bancorp, Inc.
ISBC
– –
-12,400
Closed -$138K
PRAH
144
DELISTED
PRA Health Sciences, Inc.
PRAH
– –
-16,516
Closed -$1.64M
ACIA
145
CALL
DELISTED
Acacia Communications Inc
ACIA
– –
-5,000
Closed -$236K
ACIA
146
DELISTED
Acacia Communications Inc
ACIA
– –
-34,644
Closed -$1.63M
SIVB
147
DELISTED
SVB Financial Group
SIVB
– –
-4,845
Closed -$1.09M
2 3 4 5
6

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ESL
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BWP
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AIP
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1WCM
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TAIM
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ECM
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FSG
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Covenant Asset Management's Q3 2019 Portfolio in Review

As of Q3 2019, Covenant Asset Management held 147 positions worth $199M, up 3.3% from $193M the previous quarter. Its ten largest holdings account for 29% of the portfolio.

Covenant Asset Management deployed $15.5M of net new capital in Q3 2019, opening 11 new positions and adding to 68 existing holdings. Its largest new stake was Ciena: 55,071 shares worth $2.16M.

By sector, the portfolio is most concentrated in Technology at 25% of assets, up from 24% a quarter earlier, followed by Healthcare and Communication Services.

On the sell side, the largest reduction was EOG Resources, an estimated $1.54M trimmed.

  • Covenant Asset Management's largest Q3 2019 buy was Ciena: 55,071 shares worth $2.16M.
  • Covenant Asset Management added most to ENVESTNET, INC. in Q3 2019, an estimated $2.11M increase.
  • Covenant Asset Management's biggest Q3 2019 reduction was EOG Resources, cutting an estimated $1.54M.
  • Covenant Asset Management fully exited PRA Health Sciences, Inc. in Q3 2019, selling an estimated $1.64M.
  • Covenant Asset Management's ten largest holdings make up 29% of its $199M portfolio in Q3 2019.
  • Covenant Asset Management opened 11 new positions and closed 10 in Q3 2019.
  • Covenant Asset Management's portfolio value rose 3.3% quarter-over-quarter to $199M.

Based on Covenant Asset Management's 13F filing for Q3 2019, filed 18 Oct 2019.