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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
+7.21%
1 Year Est. Return
+38.14%
3 Year Est. Return
+158.45%
5 Year Est. Return
+212.83%
10 Year Est. Return
–
AUM
$419M
AUM Growth
+$68.1M
Cap. Flow
-$17.8M
Cap. Flow %
-4.24%
Top 10 Hldgs %
28.3%
Holding
181
New
17
Increased
60
Reduced
41
Closed
6

Top Buys

Rank Stock Value
1
SEDG icon
SolarEdge
SEDG
+$5.44M
2
PWR icon
Quanta Services
PWR
+$3.99M
3
FANG icon
Diamondback Energy
FANG
+$3.04M
4
QQQ icon
Invesco QQQ Trust
QQQ
+$2.19M
5
EOG icon
EOG Resources
EOG
+$1.79M

Top Sells

Rank Stock Value
1
REGN icon
Regeneron Pharmaceuticals
REGN
+$21.1M
2
MPWR icon
Monolithic Power Systems
MPWR
+$3.63M
3
CCI icon
Crown Castle
CCI
+$1.99M
4
ZBRA icon
Zebra Technologies
ZBRA
+$1.79M
5
SCHP icon
Schwab US TIPS ETF
SCHP
+$1.1M

Sector Composition

Rank Sector Weight
1 Technology 24.22%
2 Healthcare 10.85%
3 Industrials 6.49%
4 Consumer Discretionary 5.61%
5 Communication Services 4.14%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TSCO icon
126
Tractor Supply
TSCO
$16.1B
$503K 0.12%
+11,175
New +$475K
SPIP icon
127
State Street SPDR Portfolio TIPS ETF
SPIP
$1.01B
$494K 0.12%
19,194
-37,759
-66% -$974K
BTT icon
128
BlackRock Municipal 2030 Target Term Trust
BTT
$1.43B
$465K 0.11%
21,860
+910
+4% +$19.1K
MUB icon
129
iShares National Muni Bond ETF
MUB
$45.1B
$440K 0.11%
+4,174
New +$435K
PG icon
130
Procter & Gamble
PG
$336B
$421K 0.1%
2,777
– –
PWB icon
131
Invesco Large Cap Growth ETF
PWB
$2.29B
$410K 0.1%
6,867
-240
-3% -$14.6K
PTY icon
132
PIMCO Corporate & Income Opportunity Fund
PTY
$2.48B
$398K 0.1%
33,162
-2,667
-7% -$33.3K
CQP icon
133
Cheniere Energy
CQP
$31.9B
$392K 0.09%
6,900
+100
+1% +$5.73K
EOG icon
134
PUT
EOG Resources
EOG
$79.2B
– –
0
– –
IGSB icon
135
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$23B
$386K 0.09%
7,756
-7,534
-49% -$373K
SDY icon
136
State Street SPDR S&P Dividend ETF
SDY
$21.7B
$382K 0.09%
3,055
– –
AMJ
137
DELISTED
JP Morgan Alerian MLP Index ETN 5/24/24
AMJ
$379K 0.09%
17,442
+114
+0.7% +$2.5K
MKC icon
138
McCormick & Company Non-Voting
MKC
$13.7B
$367K 0.09%
4,430
– –
HDV
139
iShares Core High Dividend ETF
HDV
$14.5B
$357K 0.09%
17,135
-1,000
-6% -$20.5K
EXR icon
140
Extra Space Storage
EXR
$31.3B
$356K 0.08%
2,416
+35
+1% +$5.59K
XYZ
141
Block Inc
XYZ
$48.4B
$341K 0.08%
+5,424
New +$335K
AXP icon
142
American Express
AXP
$227B
$340K 0.08%
+2,300
New +$341K
DGRW icon
143
WisdomTree Trust WisdomTree US Quality Dividend Growth Fund
DGRW
$16.7B
$337K 0.08%
5,588
+240
+4% +$14.3K
AZN icon
144
AstraZeneca
AZN
$263B
$306K 0.07%
2,254
– –
ET icon
145
Energy Transfer Partners
ET
$70.1B
$297K 0.07%
25,016
+5,716
+30% +$68.6K
MMP
146
DELISTED
Magellan Midstream Partners, L.P.
MMP
$296K 0.07%
5,895
– –
REGN icon
147
Regeneron Pharmaceuticals
REGN
$78.5B
$289K 0.07%
400
-28,660
-99% -$21.1M
BA icon
148
Boeing
BA
$171B
$279K 0.07%
+1,465
New +$240K
STAA icon
149
PUT
STAAR Surgical
STAA
$1.21B
– –
0
– –
PLD icon
150
Prologis
PLD
$135B
$268K 0.06%
+2,380
New +$264K
4 5
6
7 8

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Covenant Asset Management's Q4 2022 Portfolio in Review

As of Q4 2022, Covenant Asset Management held 181 positions worth $419M, up 19% from $351M the previous quarter. Its ten largest holdings account for 28% of the portfolio.

Covenant Asset Management withdrew a net $17.8M in Q4 2022, closing 6 positions and reducing 41 holdings. Its most notable exit was Monolithic Power Systems, an estimated $3.63M position sold in full.

By sector, the portfolio is most concentrated in Technology at 24% of assets, down from 26% a quarter earlier, followed by Healthcare and Industrials.

Against the trend, Covenant Asset Management opened a new position in SolarEdge worth $5.81M.

  • Covenant Asset Management's largest Q4 2022 buy was SolarEdge: 20,500 shares worth $5.81M.
  • Covenant Asset Management added most to EOG Resources in Q4 2022, an estimated $1.79M increase.
  • Covenant Asset Management's biggest Q4 2022 reduction was Regeneron Pharmaceuticals, cutting an estimated $21.1M.
  • Covenant Asset Management fully exited Monolithic Power Systems in Q4 2022, selling an estimated $3.63M.
  • Covenant Asset Management's ten largest holdings make up 28% of its $419M portfolio in Q4 2022.
  • Covenant Asset Management opened 17 new positions and closed 6 in Q4 2022.
  • Covenant Asset Management's portfolio value rose 19% quarter-over-quarter to $419M.

Based on Covenant Asset Management's 13F filing for Q4 2022, filed 24 Jan 2023.