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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
+13.3%
1 Year Est. Return
+38.14%
3 Year Est. Return
+158.45%
5 Year Est. Return
+212.83%
10 Year Est. Return
–
AUM
$394M
AUM Growth
-$26.1M
Cap. Flow
-$48.1M
Cap. Flow %
-12.2%
Top 10 Hldgs %
31.57%
Holding
175
New
1
Increased
56
Reduced
41
Closed
8

Top Buys

Rank Stock Value
1
TDG icon
TransDigm Group
TDG
+$3.38M
2
ISRG icon
Intuitive Surgical
ISRG
+$3.01M
3
REGN icon
Regeneron Pharmaceuticals
REGN
+$2.93M
4
IDXX icon
Idexx Laboratories
IDXX
+$1.5M
5
NOW icon
ServiceNow
NOW
+$1.31M

Top Sells

Rank Stock Value
1
UTHR icon
United Therapeutics
UTHR
+$3.14M
2
RTX icon
RTX Corp
RTX
+$2.38M
3
STAA icon
STAAR Surgical
STAA
+$2.12M
4
URI icon
United Rentals
URI
+$1.87M
5
GNRC icon
Generac Holdings
GNRC
+$1.83M

Sector Composition

Rank Sector Weight
1 Technology 34.9%
2 Healthcare 12.99%
3 Industrials 8.37%
4 Consumer Discretionary 7.56%
5 Communication Services 6.57%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PFE icon
126
Pfizer
PFE
$142B
$377K 0.1%
10,278
-1,157
-10% -$45K
SDY icon
127
State Street SPDR S&P Dividend ETF
SDY
$21.8B
$374K 0.1%
3,055
– –
RSP icon
128
Invesco S&P 500 Equal Weight ETF
RSP
$97.2B
$358K 0.09%
2,393
+117
+5% +$16.9K
HDV
129
iShares Core High Dividend ETF
HDV
$14.5B
$345K 0.09%
17,135
– –
VOO icon
130
Vanguard S&P 500 ETF
VOO
$972B
$345K 0.09%
848
+12
+1% +$4.63K
CQP icon
131
Cheniere Energy
CQP
$31.5B
$325K 0.08%
7,050
+150
+2% +$6.88K
AZN icon
132
AstraZeneca
AZN
$266B
$323K 0.08%
2,254
– –
CAT icon
133
Caterpillar
CAT
$373B
$310K 0.08%
1,261
+174
+16% +$38.8K
SCHD icon
134
Schwab US Dividend Equity ETF
SCHD
$103B
$307K 0.08%
12,696
+819
+7% +$19.6K
CARR icon
135
Carrier Global
CARR
$50.6B
$293K 0.07%
5,900
– –
PLD icon
136
Prologis
PLD
$136B
$276K 0.07%
2,249
– –
PAA icon
137
Plains All American Pipeline
PAA
$17.5B
$272K 0.07%
19,303
– –
TSLA icon
138
CALL
Tesla
TSLA
$1.22T
– –
0
– –
EXR icon
139
Extra Space Storage
EXR
$31.3B
$261K 0.07%
1,755
-84
-5% -$12.6K
AMZN icon
140
CALL
Amazon
AMZN
$2.53T
– –
0
– –
VTIP icon
141
Vanguard Short-Term Inflation-Protected Securities Index Fund
VTIP
$19.1B
$258K 0.07%
5,437
-125
-2% -$5.96K
VB icon
142
Vanguard Morningstar Small-Cap ETF
VB
$79.6B
$254K 0.06%
1,276
– –
AMJ
143
DELISTED
JP Morgan Alerian MLP Index ETN 5/24/24
AMJ
$247K 0.06%
10,776
– –
INTC icon
144
Intel
INTC
$460B
$246K 0.06%
7,358
+1
+0% +$31
GOOG icon
145
CALL
Alphabet (Google) Class C
GOOG
$4.08T
– –
0
– –
IVW icon
146
iShares S&P 500 Growth ETF
IVW
$72.7B
$235K 0.06%
3,332
– –
XBI icon
147
State Street SPDR S&P Biotech ETF
XBI
$10.3B
$230K 0.06%
2,760
– –
AMAT icon
148
Applied Materials
AMAT
$398B
$228K 0.06%
1,577
-64
-4% -$8.01K
PSX icon
149
Phillips 66
PSX
$84.4B
$220K 0.06%
2,310
– –
VCSH icon
150
Vanguard Short-Term Corporate Bond ETF
VCSH
$44.8B
$219K 0.06%
2,896
-36
-1% -$2.74K
3 4 5
6
7

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BWP
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1WCM
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TAIM
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ECM
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FSG
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LBIM
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Covenant Asset Management's Q2 2023 Portfolio in Review

As of Q2 2023, Covenant Asset Management held 175 positions worth $394M, down 6.2% from $420M the previous quarter. Its ten largest holdings account for 32% of the portfolio.

Covenant Asset Management withdrew a net $48.1M in Q2 2023, closing 8 positions and reducing 41 holdings. Its most notable exit was United Therapeutics, an estimated $3.14M position sold in full.

By sector, the portfolio is most concentrated in Technology at 35% of assets, up from 28% a quarter earlier, followed by Healthcare and Industrials.

Against the trend, Covenant Asset Management opened a new position in TransDigm Group worth $3.82M.

  • Covenant Asset Management's largest Q2 2023 buy was TransDigm Group: 4,274 shares worth $3.82M.
  • Covenant Asset Management added most to Intuitive Surgical in Q2 2023, an estimated $3.01M increase.
  • Covenant Asset Management's biggest Q2 2023 reduction was RTX Corp, cutting an estimated $2.38M.
  • Covenant Asset Management fully exited United Therapeutics in Q2 2023, selling an estimated $3.14M.
  • Covenant Asset Management's ten largest holdings make up 32% of its $394M portfolio in Q2 2023.
  • Covenant Asset Management opened 1 new position and closed 8 in Q2 2023.
  • Covenant Asset Management's portfolio value fell 6.2% quarter-over-quarter to $394M.

Based on Covenant Asset Management's 13F filing for Q2 2023, filed 12 Jul 2023.