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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
-16.73%
1 Year Est. Return
+38.14%
3 Year Est. Return
+158.45%
5 Year Est. Return
+212.83%
10 Year Est. Return
–
AUM
$315M
AUM Growth
-$55.3M
Cap. Flow
-$38.2M
Cap. Flow %
-12.15%
Top 10 Hldgs %
28.96%
Holding
159
New
6
Increased
42
Reduced
46
Closed
18

Top Buys

Rank Stock Value
1
AVGO icon
Broadcom
AVGO
+$2.93M
2
VRTX icon
Vertex Pharmaceuticals
VRTX
+$2.86M
3
LHX icon
L3Harris
LHX
+$2.68M
4
ENPH icon
Enphase Energy
ENPH
+$2.6M
5
LLY icon
Eli Lilly
LLY
+$2.55M

Top Sells

Rank Stock Value
1
AMRC icon
Ameresco
AMRC
+$4.84M
2
ISRG icon
Intuitive Surgical
ISRG
+$2.86M
3
BA icon
Boeing
BA
+$2.43M
4
REGN icon
Regeneron Pharmaceuticals
REGN
+$2.02M
5
AMZN icon
Amazon
AMZN
+$1.68M

Sector Composition

Rank Sector Weight
1 Technology 30.83%
2 Healthcare 14.12%
3 Industrials 8.82%
4 Consumer Discretionary 6.78%
5 Communication Services 6.17%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HDV
126
iShares Core High Dividend ETF
HDV
$14.5B
$364K 0.12%
18,135
+735
+4% +$15.5K
SDY icon
127
State Street SPDR S&P Dividend ETF
SDY
$21.8B
$363K 0.12%
3,055
-720
-19% -$89.8K
VTIP icon
128
Vanguard Short-Term Inflation-Protected Securities Index Fund
VTIP
$19.1B
$347K 0.11%
6,919
+290
+4% +$14.7K
VCSH icon
129
Vanguard Short-Term Corporate Bond ETF
VCSH
$44.8B
$339K 0.11%
4,451
– –
AMJ
130
DELISTED
JP Morgan Alerian MLP Index ETN 5/24/24
AMJ
$327K 0.1%
17,238
– –
XYZ
131
Block Inc
XYZ
$49.2B
$309K 0.1%
5,032
-12,803
-72% -$1.17M
DGRW icon
132
WisdomTree Trust WisdomTree US Quality Dividend Growth Fund
DGRW
$16.6B
$306K 0.1%
5,348
+685
+15% +$41.5K
CQP icon
133
Cheniere Energy
CQP
$31.5B
$305K 0.1%
6,800
– –
AZN icon
134
AstraZeneca
AZN
$266B
$298K 0.09%
2,254
– –
MMP
135
DELISTED
Magellan Midstream Partners, L.P.
MMP
$282K 0.09%
5,895
– –
DRE
136
DELISTED
Duke Realty Corp.
DRE
$270K 0.09%
4,910
– –
GCC icon
137
WisdomTree Enhanced Commodity Strategy Fund
GCC
$270M
$268K 0.09%
11,435
– –
MMM icon
138
3M
MMM
$90.8B
$254K 0.08%
2,350
– –
CCI icon
139
Crown Castle
CCI
$33.4B
$250K 0.08%
1,483
+100
+7% +$18.2K
VB icon
140
Vanguard Morningstar Small-Cap ETF
VB
$79.6B
$225K 0.07%
1,276
– –
IVW icon
141
iShares S&P 500 Growth ETF
IVW
$72.7B
$220K 0.07%
3,648
– –
CARR icon
142
Carrier Global
CARR
$50.6B
$218K 0.07%
6,120
– –
QYLD icon
143
Global X NASDAQ-100 Covered Call ETF
QYLD
$8.06B
$218K 0.07%
12,500
– –
D icon
144
Dominion Energy
D
$61.3B
$212K 0.07%
2,659
– –
PYPL icon
145
CALL
PayPal
PYPL
$49.3B
– –
-5,000
Closed -$434K
PYPL icon
146
PUT
PayPal
PYPL
$49.3B
– –
-2,000
Closed -$174K
INTC icon
147
Intel
INTC
$460B
$209K 0.07%
5,589
+1
+0% +$43
XBI icon
148
State Street SPDR S&P Biotech ETF
XBI
$10.3B
$205K 0.07%
2,760
– –
ET icon
149
Energy Transfer Partners
ET
$69.6B
$193K 0.06%
19,300
– –
HYB
150
DELISTED
New America High Income Fund, Inc.
HYB
$77K 0.02%
11,300
– –
3 4 5
6
7

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Covenant Asset Management's Q2 2022 Portfolio in Review

As of Q2 2022, Covenant Asset Management held 159 positions worth $315M, down 15% from $370M the previous quarter. Its ten largest holdings account for 29% of the portfolio.

Covenant Asset Management withdrew a net $38.2M in Q2 2022, closing 18 positions and reducing 46 holdings. Its most notable exit was Ameresco, an estimated $4.84M position sold in full.

By sector, the portfolio is most concentrated in Technology at 31% of assets, down from 35% a quarter earlier, followed by Healthcare and Industrials.

Against the trend, Covenant Asset Management opened a new position in Vertex Pharmaceuticals worth $3.01M.

  • Covenant Asset Management's largest Q2 2022 buy was Vertex Pharmaceuticals: 10,680 shares worth $3.01M.
  • Covenant Asset Management added most to Broadcom in Q2 2022, an estimated $2.93M increase.
  • Covenant Asset Management's biggest Q2 2022 reduction was Intuitive Surgical, cutting an estimated $2.86M.
  • Covenant Asset Management fully exited Ameresco in Q2 2022, selling an estimated $4.84M.
  • Covenant Asset Management's ten largest holdings make up 29% of its $315M portfolio in Q2 2022.
  • Covenant Asset Management opened 6 new positions and closed 18 in Q2 2022.
  • Covenant Asset Management's portfolio value fell 15% quarter-over-quarter to $315M.

Based on Covenant Asset Management's 13F filing for Q2 2022, filed 21 Jul 2022.