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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
+3.77%
1 Year Est. Return
+38.14%
3 Year Est. Return
+158.45%
5 Year Est. Return
+212.83%
10 Year Est. Return
–
AUM
$636M
AUM Growth
+$7.31M
Cap. Flow
-$21.2M
Cap. Flow %
-3.33%
Top 10 Hldgs %
40.42%
Holding
177
New
5
Increased
42
Reduced
59
Closed
6

Top Buys

Rank Stock Value
1
JEF icon
Jefferies Financial Group
JEF
+$3.08M
2
SPOT icon
Spotify
SPOT
+$3.04M
3
TW icon
Tradeweb Markets
TW
+$3.03M
4
AMD icon
Advanced Micro Devices
AMD
+$1.57M
5
NFLX icon
Netflix
NFLX
+$1.16M

Top Sells

Rank Stock Value
1
DE icon
Deere & Co
DE
+$4.55M
2
NBIX icon
Neurocrine Biosciences
NBIX
+$3.9M
3
MEDP icon
Medpace
MEDP
+$3.69M
4
NVDA icon
NVIDIA
NVDA
+$1.74M
5
MCHP icon
Microchip Technology
MCHP
+$722K

Sector Composition

Rank Sector Weight
1 Technology 31.01%
2 Healthcare 8.31%
3 Communication Services 7.86%
4 Industrials 5.18%
5 Consumer Discretionary 4.64%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BTT icon
126
BlackRock Municipal 2030 Target Term Trust
BTT
$1.43B
$440K 0.07%
20,350
-2,400
-11% -$51K
NEE icon
127
NextEra Energy
NEE
$181B
$425K 0.07%
5,030
-73
-1% -$5.7K
JPM icon
128
CALL
JPMorgan Chase
JPM
$935B
– –
0
– –
UNP icon
129
Union Pacific
UNP
$174B
$408K 0.06%
1,655
– –
TD icon
130
Toronto Dominion Bank
TD
$198B
$401K 0.06%
6,342
-600
-9% -$35.5K
OKE icon
131
Oneok
OKE
$57.2B
$398K 0.06%
4,369
– –
AZN icon
132
AstraZeneca
AZN
$263B
$394K 0.06%
2,529
-13
-0.5% -$2.1K
IWF icon
133
iShares Russell 1000 Growth ETF
IWF
$121B
$370K 0.06%
3,940
– –
GS icon
134
Goldman Sachs
GS
$300B
$365K 0.06%
737
– –
MKC icon
135
McCormick & Company Non-Voting
MKC
$13.7B
$365K 0.06%
4,430
– –
JHMM icon
136
John Hancock Multifactor Mid Cap ETF
JHMM
$5.92B
$364K 0.06%
6,050
– –
VZ icon
137
Verizon
VZ
$195B
$364K 0.06%
8,104
– –
CQP icon
138
Cheniere Energy
CQP
$31.9B
$355K 0.06%
7,295
– –
PAA icon
139
Plains All American Pipeline
PAA
$17.3B
$350K 0.06%
20,136
-1,900
-9% -$34K
WELL icon
140
Welltower
WELL
$169B
$347K 0.05%
2,713
+250
+10% +$29.2K
TSLA icon
141
Tesla
TSLA
$1.23T
$337K 0.05%
1,288
+165
+15% +$37.6K
VB icon
142
Vanguard Morningstar Small-Cap ETF
VB
$79.5B
$311K 0.05%
1,309
+346
+36% +$78.6K
AMJB icon
143
Alerian MLP Index ETNs due January 28 2044
AMJB
$873M
$307K 0.05%
10,789
– –
PLD icon
144
Prologis
PLD
$135B
$304K 0.05%
2,407
-7
-0.3% -$869
BYM
145
DELISTED
BlackRock Municipal Income Quality Trust
BYM
$292K 0.05%
24,225
-100
-0.4% -$1.18K
MUB icon
146
iShares National Muni Bond ETF
MUB
$45.1B
$285K 0.04%
2,619
+145
+6% +$15.6K
XBI icon
147
State Street SPDR S&P Biotech ETF
XBI
$9.95B
$281K 0.04%
2,843
– –
XYZ
148
Block Inc
XYZ
$48.4B
$270K 0.04%
4,015
– –
RDVY icon
149
First Trust Rising Dividend Achievers ETF
RDVY
$24.7B
$264K 0.04%
+4,459
New +$254K
HFXI icon
150
NYLI FTSE International Equity Currency Neutral ETF
HFXI
$2.01B
$248K 0.04%
8,967
+447
+5% +$12.1K
4 5
6
7 8

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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 Q3 2024 Portfolio in Review

As of Q3 2024, Covenant Asset Management held 177 positions worth $636M, up 1.2% from $629M the previous quarter. Its ten largest holdings account for 40% of the portfolio.

Covenant Asset Management withdrew a net $21.2M in Q3 2024, closing 6 positions and reducing 59 holdings. Its most notable exit was Deere & Co, an estimated $4.55M position sold in full.

By sector, the portfolio is most concentrated in Technology at 31% of assets, down from 32% a quarter earlier, followed by Healthcare and Communication Services.

Against the trend, Covenant Asset Management opened a new position in Jefferies Financial Group worth $3.34M.

  • Covenant Asset Management's largest Q3 2024 buy was Jefferies Financial Group: 54,216 shares worth $3.34M.
  • Covenant Asset Management added most to Advanced Micro Devices in Q3 2024, an estimated $1.57M increase.
  • Covenant Asset Management's biggest Q3 2024 reduction was NVIDIA, cutting an estimated $1.74M.
  • Covenant Asset Management fully exited Deere & Co in Q3 2024, selling an estimated $4.55M.
  • Covenant Asset Management's ten largest holdings make up 40% of its $636M portfolio in Q3 2024.
  • Covenant Asset Management opened 5 new positions and closed 6 in Q3 2024.
  • Covenant Asset Management's portfolio value rose 1.2% quarter-over-quarter to $636M.

Based on Covenant Asset Management's 13F filing for Q3 2024, filed 12 Nov 2024.