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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
-11.63%
1 Year Est. Return
+38.14%
3 Year Est. Return
+158.45%
5 Year Est. Return
+212.83%
10 Year Est. Return
–
AUM
$332M
AUM Growth
+$103M
Cap. Flow
+$148M
Cap. Flow %
44.69%
Top 10 Hldgs %
51.8%
Holding
158
New
15
Increased
63
Reduced
42
Closed
19

Top Buys

Rank Stock Value
1
MSFT icon
Microsoft
MSFT
+$2.22M
2
BA icon
Boeing
BA
+$1.76M
3
TRU icon
TransUnion
TRU
+$1.72M
4
VO icon
Vanguard Morningstar Mid-Cap ETF
VO
+$1.02M
5
BAH icon
Booz Allen Hamilton
BAH
+$940K

Top Sells

Rank Stock Value
1
PANW icon
Palo Alto Networks
PANW
+$2.47M
2
LNG icon
Cheniere Energy
LNG
+$2.18M
3
MKTX icon
MarketAxess Holdings
MKTX
+$1.67M
4
INCY icon
Incyte
INCY
+$1.58M
5
NFLX icon
Netflix
NFLX
+$1.06M

Sector Composition

Rank Sector Weight
1 Technology 16.39%
2 Healthcare 10.75%
3 Communication Services 5.39%
4 Industrials 4.89%
5 Consumer Discretionary 4.17%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
D icon
126
Dominion Energy
D
$60.1B
$245K 0.07%
3,392
+350
+12% +$28.6K
AMLP icon
127
Alerian MLP ETF
AMLP
$12.9B
$238K 0.07%
13,861
+3,595
+35% +$122K
TFC icon
128
Truist Financial
TFC
$64.3B
$222K 0.07%
7,188
-524
-7% -$24.8K
SBUX icon
129
Starbucks
SBUX
$118B
$221K 0.07%
3,362
+259
+8% +$20.9K
WSM icon
130
Williams-Sonoma
WSM
$29.2B
$221K 0.07%
10,400
+616
+6% +$19.6K
JNK icon
131
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$6.92B
$219K 0.07%
2,316
+211
+10% +$22.1K
XBI icon
132
State Street SPDR S&P Biotech ETF
XBI
$9.78B
$219K 0.07%
2,825
-820
-22% -$72.6K
INTC icon
133
Intel
INTC
$500B
$205K 0.06%
3,794
+1
+0% +$59
IVW icon
134
iShares S&P 500 Growth ETF
IVW
$76.8B
$200K 0.06%
4,848
– –
XOM icon
135
ExxonMobil
XOM
$635B
$200K 0.06%
5,280
-1,166
-18% -$64.4K
AMJ
136
DELISTED
JP Morgan Alerian MLP Index ETN 5/24/24
AMJ
$145K 0.04%
16,026
-2,265
-12% -$39.6K
AAL icon
137
American Airlines Group
AAL
$10.8B
$122K 0.04%
+10,000
New +$228K
HYB
138
DELISTED
New America High Income Fund, Inc.
HYB
$78K 0.02%
11,300
– –
ET icon
139
Energy Transfer Partners
ET
$70.9B
$61K 0.02%
13,358
+2,304
+21% +$24.6K
BA icon
140
CALL
Boeing
BA
$186B
– –
-10,200
Closed -$3.32M
BIIB icon
141
CALL
Biogen
BIIB
$30.2B
– –
-3,000
Closed -$890K
CIEN icon
142
CALL
Ciena
CIEN
$58.5B
– –
-5,000
Closed -$213K
CIEN icon
143
PUT
Ciena
CIEN
$58.5B
– –
-5,000
Closed -$213K
EES icon
144
WisdomTree US SmallCap Earnings Fund
EES
$736M
– –
-11,592
Closed -$446K
EOG icon
145
EOG Resources
EOG
$76.7B
– –
-3,641
Closed -$305K
EZM icon
146
WisdomTree US MidCap Fund
EZM
$956M
– –
-11,568
Closed -$487K
HEFA icon
147
iShares Currency Hedged MSCI EAFE ETF
HEFA
$7.61B
– –
-13,275
Closed -$405K
IJJ icon
148
iShares S&P Mid-Cap 400 Value ETF
IJJ
$8.97B
– –
-5,286
Closed -$451K
IJS icon
149
iShares S&P Small-Cap 600 Value ETF
IJS
$8.35B
– –
-6,116
Closed -$492K
INCY icon
150
Incyte
INCY
$24.1B
– –
-18,140
Closed -$1.58M
3 4 5
6
7

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Covenant Asset Management's Q1 2020 Portfolio in Review

As of Q1 2020, Covenant Asset Management held 158 positions worth $332M, up 45% from $228M the previous quarter. Its ten largest holdings account for 52% of the portfolio.

Covenant Asset Management deployed $148M of net new capital in Q1 2020, opening 15 new positions and adding to 63 existing holdings. Its largest new stake was TransUnion: 19,972 shares worth $1.32M.

By sector, the portfolio is most concentrated in Technology at 16% of assets, down from 26% a quarter earlier, followed by Healthcare and Communication Services.

On the sell side, the largest reduction was Palo Alto Networks, an estimated $2.47M trimmed.

  • Covenant Asset Management's largest Q1 2020 buy was TransUnion: 19,972 shares worth $1.32M.
  • Covenant Asset Management added most to Microsoft in Q1 2020, an estimated $2.22M increase.
  • Covenant Asset Management's biggest Q1 2020 reduction was Palo Alto Networks, cutting an estimated $2.47M.
  • Covenant Asset Management fully exited Cheniere Energy in Q1 2020, selling an estimated $2.18M.
  • Covenant Asset Management's ten largest holdings make up 52% of its $332M portfolio in Q1 2020.
  • Covenant Asset Management opened 15 new positions and closed 19 in Q1 2020.
  • Covenant Asset Management's portfolio value rose 45% quarter-over-quarter to $332M.

Based on Covenant Asset Management's 13F filing for Q1 2020, filed 22 Apr 2020.