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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
+13.28%
1 Year Est. Return
+38.14%
3 Year Est. Return
+158.45%
5 Year Est. Return
+212.83%
10 Year Est. Return
–
AUM
$312M
AUM Growth
-$140M
Cap. Flow
-$180M
Cap. Flow %
-57.58%
Top 10 Hldgs %
44.12%
Holding
141
New
9
Increased
20
Reduced
59
Closed
15

Top Buys

Rank Stock Value
1
MPWR icon
Monolithic Power Systems
MPWR
+$2.94M
2
BLD
TopBuild
BLD
+$2.29M
3
CTAS icon
Cintas
CTAS
+$1.99M
4
SEDG icon
SolarEdge
SEDG
+$1.77M
5
EBS icon
Emergent Biosolutions
EBS
+$1.65M

Top Sells

Rank Stock Value
1
CIEN icon
Ciena
CIEN
+$3.77M
2
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$3.6M
3
FISV
Fiserv Inc
FISV
+$2.15M
4
BAH icon
Booz Allen Hamilton
BAH
+$2.07M
5
ILMN icon
Illumina
ILMN
+$1.99M

Sector Composition

Rank Sector Weight
1 Technology 28.03%
2 Healthcare 15.02%
3 Communication Services 8.8%
4 Consumer Discretionary 7.88%
5 Industrials 5.99%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HYB
126
DELISTED
New America High Income Fund, Inc.
HYB
$92K 0.03%
+11,300
New +$92.6K
AAPL icon
127
PUT
Apple
AAPL
$4.47T
– –
-270,000
Closed -$24.6M
BAH icon
128
Booz Allen Hamilton
BAH
$8.72B
– –
-26,643
Closed -$2.07M
CIEN icon
129
Ciena
CIEN
$59B
– –
-69,635
Closed -$3.77M
EEM icon
130
iShares MSCI Emerging Markets ETF
EEM
$29.6B
– –
-13,620
Closed -$545K
FISV
131
Fiserv Inc
FISV
$29.1B
– –
-22,072
Closed -$2.15M
GOOGL icon
132
PUT
Alphabet (Google) Class A
GOOGL
$4.6T
– –
-430,000
Closed -$30.5M
MSFT icon
133
PUT
Microsoft
MSFT
$3.69T
– –
-23,000
Closed -$4.68M
QQQ icon
134
CALL
Invesco QQQ Trust
QQQ
$482B
– –
-25,000
Closed -$6.19M
QQQ icon
135
PUT
Invesco QQQ Trust
QQQ
$482B
– –
-50,000
Closed -$12.4M
TRU icon
136
TransUnion
TRU
$15.4B
– –
-20,338
Closed -$1.77M
TTD icon
137
CALL
Trade Desk
TTD
$8.86B
– –
-25,000
Closed -$1.02M
TTD icon
138
PUT
Trade Desk
TTD
$8.86B
– –
-75,000
Closed -$3.05M
V icon
139
PUT
Visa
V
$687B
– –
-3,000
Closed -$580K
XOM icon
140
ExxonMobil
XOM
$636B
– –
-5,120
Closed -$229K
RDS.B
141
DELISTED
Royal Dutch Shell PLC ADS Class B
RDS.B
– –
-8,939
Closed -$272K
2 3 4 5
6

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Covenant Asset Management's Q3 2020 Portfolio in Review

As of Q3 2020, Covenant Asset Management held 141 positions worth $312M, down 31% from $452M the previous quarter. Its ten largest holdings account for 44% of the portfolio.

Covenant Asset Management withdrew a net $180M in Q3 2020, closing 15 positions and reducing 59 holdings. Its most notable exit was Ciena, an estimated $3.77M position sold in full.

By sector, the portfolio is most concentrated in Technology at 28% of assets, up from 17% a quarter earlier, followed by Healthcare and Communication Services.

Against the trend, Covenant Asset Management opened a new position in Monolithic Power Systems worth $3.16M.

  • Covenant Asset Management's largest Q3 2020 buy was Monolithic Power Systems: 11,292 shares worth $3.16M.
  • Covenant Asset Management added most to Trade Desk in Q3 2020, an estimated $867K increase.
  • Covenant Asset Management's biggest Q3 2020 reduction was Alphabet (Google) Class A, cutting an estimated $3.6M.
  • Covenant Asset Management fully exited Ciena in Q3 2020, selling an estimated $3.77M.
  • Covenant Asset Management's ten largest holdings make up 44% of its $312M portfolio in Q3 2020.
  • Covenant Asset Management opened 9 new positions and closed 15 in Q3 2020.
  • Covenant Asset Management's portfolio value fell 31% quarter-over-quarter to $312M.

Based on Covenant Asset Management's 13F filing for Q3 2020, filed 29 Oct 2020.