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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
+9.07%
1 Year Est. Return
+38.14%
3 Year Est. Return
+158.45%
5 Year Est. Return
+212.83%
10 Year Est. Return
–
AUM
$629M
AUM Growth
+$19M
Cap. Flow
-$22.7M
Cap. Flow %
-3.61%
Top 10 Hldgs %
43.62%
Holding
174
New
16
Increased
37
Reduced
65
Closed
8

Top Buys

Rank Stock Value
1
ELF icon
e.l.f. Beauty
ELF
+$3.99M
2
ARM icon
Arm
ARM
+$3.98M
3
MEDP icon
Medpace
MEDP
+$3.55M
4
SEDG icon
SolarEdge
SEDG
+$2.42M
5
NFLX icon
Netflix
NFLX
+$1.89M

Top Sells

Rank Stock Value
1
IDXX icon
Idexx Laboratories
IDXX
+$3.5M
2
DECK icon
Deckers Outdoor
DECK
+$2.87M
3
ADBE icon
Adobe
ADBE
+$2.8M
4
ULTA icon
Ulta Beauty
ULTA
+$2.78M
5
ODFL icon
Old Dominion Freight Line
ODFL
+$1.27M

Sector Composition

Rank Sector Weight
1 Technology 31.53%
2 Healthcare 9.42%
3 Communication Services 6.91%
4 Industrials 5.38%
5 Consumer Discretionary 4.82%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AZN icon
126
AstraZeneca
AZN
$266B
$396K 0.06%
2,542
-106
-4% -$16K
PAA icon
127
Plains All American Pipeline
PAA
$17.5B
$394K 0.06%
22,036
– –
TD icon
128
Toronto Dominion Bank
TD
$198B
$382K 0.06%
6,942
– –
LMT icon
129
Lockheed Martin
LMT
$132B
$378K 0.06%
809
– –
UNP icon
130
Union Pacific
UNP
$172B
$374K 0.06%
1,655
– –
CARR icon
131
Carrier Global
CARR
$50.6B
$372K 0.06%
5,900
– –
NEE icon
132
NextEra Energy
NEE
$183B
$361K 0.06%
5,103
-464
-8% -$32.9K
IWF icon
133
iShares Russell 1000 Growth ETF
IWF
$120B
$359K 0.06%
+3,940
New +$336K
CQP icon
134
Cheniere Energy
CQP
$31.5B
$358K 0.06%
7,295
– –
OKE icon
135
Oneok
OKE
$56.1B
$356K 0.06%
4,369
+50
+1% +$3.99K
VZ icon
136
Verizon
VZ
$193B
$334K 0.05%
8,104
-700
-8% -$28.2K
GS icon
137
Goldman Sachs
GS
$302B
$333K 0.05%
737
+200
+37% +$87.8K
JHMM icon
138
John Hancock Multifactor Mid Cap ETF
JHMM
$5.92B
$333K 0.05%
+6,050
New +$335K
MKC icon
139
McCormick & Company Non-Voting
MKC
$13.7B
$314K 0.05%
4,430
– –
AMJB icon
140
Alerian MLP Index ETNs due January 28 2044
AMJB
$868M
$312K 0.05%
+10,789
New +$304K
BYM
141
DELISTED
BlackRock Municipal Income Quality Trust
BYM
$279K 0.04%
24,325
+7,900
+48% +$88.7K
PLD icon
142
Prologis
PLD
$136B
$271K 0.04%
2,414
-25
-1% -$2.77K
IJH icon
143
iShares Core S&P Mid-Cap ETF
IJH
$122B
$264K 0.04%
4,515
+875
+24% +$51.4K
MUB icon
144
iShares National Muni Bond ETF
MUB
$45.2B
$264K 0.04%
2,474
– –
XBI icon
145
State Street SPDR S&P Biotech ETF
XBI
$10.3B
$264K 0.04%
2,843
-400
-12% -$35.9K
XYZ
146
Block Inc
XYZ
$49.2B
$259K 0.04%
4,015
-549
-12% -$38.4K
WELL icon
147
Welltower
WELL
$170B
$257K 0.04%
+2,463
New +$241K
VCSH icon
148
Vanguard Short-Term Corporate Bond ETF
VCSH
$44.8B
$241K 0.04%
3,116
– –
VONG icon
149
Vanguard Russell 1000 Growth ETF
VONG
$42.5B
$235K 0.04%
+2,500
New +$220K
HFXI icon
150
NYLI FTSE International Equity Currency Neutral ETF
HFXI
$2.02B
$227K 0.04%
+8,520
New +$228K
3 4 5
6
7

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LBIM
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Covenant Asset Management's Q2 2024 Portfolio in Review

As of Q2 2024, Covenant Asset Management held 174 positions worth $629M, up 3.1% from $610M the previous quarter. Its ten largest holdings account for 44% of the portfolio.

Covenant Asset Management withdrew a net $22.7M in Q2 2024, closing 8 positions and reducing 65 holdings. Its most notable exit was Idexx Laboratories, an estimated $3.5M position sold in full.

By sector, the portfolio is most concentrated in Technology at 32% of assets, up from 29% a quarter earlier, followed by Healthcare and Communication Services.

Against the trend, Covenant Asset Management opened a new position in e.l.f. Beauty worth $4.73M.

  • Covenant Asset Management's largest Q2 2024 buy was e.l.f. Beauty: 22,454 shares worth $4.73M.
  • Covenant Asset Management added most to SolarEdge in Q2 2024, an estimated $2.42M increase.
  • Covenant Asset Management's biggest Q2 2024 reduction was Deckers Outdoor, cutting an estimated $2.87M.
  • Covenant Asset Management fully exited Idexx Laboratories in Q2 2024, selling an estimated $3.5M.
  • Covenant Asset Management's ten largest holdings make up 44% of its $629M portfolio in Q2 2024.
  • Covenant Asset Management opened 16 new positions and closed 8 in Q2 2024.
  • Covenant Asset Management's portfolio value rose 3.1% quarter-over-quarter to $629M.

Based on Covenant Asset Management's 13F filing for Q2 2024, filed 2 Aug 2024.