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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
-2.65%
1 Year Est. Return
+38.14%
3 Year Est. Return
+158.45%
5 Year Est. Return
+212.83%
10 Year Est. Return
–
AUM
$379M
AUM Growth
-$14.8M
Cap. Flow
-$33.7M
Cap. Flow %
-8.87%
Top 10 Hldgs %
36.31%
Holding
165
New
5
Increased
46
Reduced
45
Closed
5

Top Buys

Rank Stock Value
1
REGN icon
Regeneron Pharmaceuticals
REGN
+$1.52M
2
DE icon
Deere & Co
DE
+$1.26M
3
NBIX icon
Neurocrine Biosciences
NBIX
+$1.22M
4
UBER icon
Uber
UBER
+$1.05M
5
SPGI icon
S&P Global
SPGI
+$611K

Top Sells

Rank Stock Value
1
DXCM icon
DexCom
DXCM
+$3.87M
2
UNH icon
UnitedHealth
UNH
+$1.17M
3
SEDG icon
SolarEdge
SEDG
+$767K
4
AMZN icon
Amazon
AMZN
+$412K
5
MMP
Magellan Midstream Partners, L.P.
MMP
+$386K

Sector Composition

Rank Sector Weight
1 Technology 33.6%
2 Healthcare 12.81%
3 Industrials 8.48%
4 Consumer Discretionary 7.28%
5 Communication Services 6.92%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SDY icon
126
State Street SPDR S&P Dividend ETF
SDY
$21.7B
$351K 0.09%
3,055
– –
HDV
127
iShares Core High Dividend ETF
HDV
$14.8B
$339K 0.09%
17,135
– –
PFE icon
128
Pfizer
PFE
$143B
$336K 0.09%
10,137
-141
-1% -$4.99K
MKC icon
129
McCormick & Company Non-Voting
MKC
$13.7B
$335K 0.09%
4,430
– –
CARR icon
130
Carrier Global
CARR
$51B
$326K 0.09%
5,900
– –
AZN icon
131
AstraZeneca
AZN
$263B
$305K 0.08%
2,254
– –
PAA icon
132
Plains All American Pipeline
PAA
$17.3B
$296K 0.08%
19,303
– –
AMJ
133
DELISTED
JP Morgan Alerian MLP Index ETN 5/24/24
AMJ
$281K 0.07%
11,389
+613
+6% +$14.7K
PSX icon
134
Phillips 66
PSX
$84.9B
$278K 0.07%
2,310
– –
SCHD icon
135
Schwab US Dividend Equity ETF
SCHD
$104B
$276K 0.07%
11,718
-978
-8% -$24K
XYZ
136
Block Inc
XYZ
$48.4B
$265K 0.07%
5,981
-300
-5% -$18.6K
OKE icon
137
Oneok
OKE
$57.2B
$262K 0.07%
+4,129
New +$270K
INTC icon
138
Intel
INTC
$455B
$262K 0.07%
7,359
+1
+0% +$35
VTIP icon
139
Vanguard Short-Term Inflation-Protected Securities Index Fund
VTIP
$19.1B
$257K 0.07%
5,437
– –
PLD icon
140
Prologis
PLD
$135B
$252K 0.07%
2,249
– –
KVUE icon
141
Kenvue
KVUE
$36.9B
$237K 0.06%
+11,787
New +$273K
VB icon
142
Vanguard Morningstar Small-Cap ETF
VB
$79.5B
$230K 0.06%
1,216
-60
-5% -$12K
IVW icon
143
iShares S&P 500 Growth ETF
IVW
$73.8B
$228K 0.06%
3,332
– –
GCC icon
144
WisdomTree Enhanced Commodity Strategy Fund
GCC
$270M
$223K 0.06%
12,400
+690
+6% +$12.4K
VOO icon
145
Vanguard S&P 500 ETF
VOO
$979B
$219K 0.06%
558
-290
-34% -$119K
EXR icon
146
Extra Space Storage
EXR
$31.3B
$213K 0.06%
1,755
– –
IJH icon
147
iShares Core S&P Mid-Cap ETF
IJH
$122B
$206K 0.05%
4,140
– –
XBI icon
148
State Street SPDR S&P Biotech ETF
XBI
$9.6B
$202K 0.05%
2,760
– –
DKNG icon
149
DraftKings
DKNG
$11.6B
$200K 0.05%
+6,807
New +$201K
HYB
150
DELISTED
New America High Income Fund, Inc.
HYB
$73.2K 0.02%
11,300
– –
3 4 5
6
7

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LBIM
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Covenant Asset Management's Q3 2023 Portfolio in Review

As of Q3 2023, Covenant Asset Management held 165 positions worth $379M, down 3.8% from $394M the previous quarter. Its ten largest holdings account for 36% of the portfolio.

Covenant Asset Management withdrew a net $33.7M in Q3 2023, closing 5 positions and reducing 45 holdings. Its most notable exit was DexCom, an estimated $3.87M position sold in full.

By sector, the portfolio is most concentrated in Technology at 34% of assets, down from 35% a quarter earlier, followed by Healthcare and Industrials.

Against the trend, Covenant Asset Management opened a new position in Uber worth $1.06M.

  • Covenant Asset Management's largest Q3 2023 buy was Uber: 23,004 shares worth $1.06M.
  • Covenant Asset Management added most to Regeneron Pharmaceuticals in Q3 2023, an estimated $1.52M increase.
  • Covenant Asset Management's biggest Q3 2023 reduction was UnitedHealth, cutting an estimated $1.17M.
  • Covenant Asset Management fully exited DexCom in Q3 2023, selling an estimated $3.87M.
  • Covenant Asset Management's ten largest holdings make up 36% of its $379M portfolio in Q3 2023.
  • Covenant Asset Management opened 5 new positions and closed 5 in Q3 2023.
  • Covenant Asset Management's portfolio value fell 3.8% quarter-over-quarter to $379M.

Based on Covenant Asset Management's 13F filing for Q3 2023, filed 31 Oct 2023.