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CAM

Covenant Asset Management Portfolio holdings

AUM $595M
1-Year Est. Return 38.14%
This Fund
S&P 500
This Quarter Est. Return
+5.39%
1 Year Est. Return
+38.14%
3 Year Est. Return
+158.45%
5 Year Est. Return
+212.83%
10 Year Est. Return
–
AUM
$172M
AUM Growth
+$8.09M
Cap. Flow
+$17.3M
Cap. Flow %
10.08%
Top 10 Hldgs %
23.63%
Holding
151
New
11
Increased
63
Reduced
38
Closed
6

Top Buys

Rank Stock Value
1
XBI icon
State Street SPDR S&P Biotech ETF
XBI
+$1.13M
2
LNG icon
Cheniere Energy
LNG
+$560K
3
TXN icon
Texas Instruments
TXN
+$479K
4
HCR
Hi-Crush Inc. Common Stock
HCR
+$416K
5
XRT icon
State Street SPDR S&P Retail ETF
XRT
+$281K

Top Sells

Rank Stock Value
1
CELG
Celgene Corp
CELG
+$1.28M
2
VWO icon
Vanguard FTSE Emerging Markets ETF
VWO
+$1.21M
3
PLAY icon
Dave & Buster's
PLAY
+$559K
4
CMG icon
Chipotle Mexican Grill
CMG
+$444K
5
SLCA
U.S. SILICA HOLDINGS, INC.
SLCA
+$406K

Sector Composition

Rank Sector Weight
1 Technology 17.56%
2 Financials 13.49%
3 Healthcare 13.31%
4 Industrials 9.69%
5 Communication Services 9.2%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AGN
151
DELISTED
Allergan plc
AGN
– –
-1,169
Closed -$240K
3 4 5 6
7

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Covenant Asset Management's Q4 2017 Portfolio in Review

As of Q4 2017, Covenant Asset Management held 151 positions worth $172M, up 4.9% from $164M the previous quarter. Its ten largest holdings account for 24% of the portfolio.

Covenant Asset Management deployed $17.3M of net new capital in Q4 2017, opening 11 new positions and adding to 63 existing holdings. Its largest new stake was State Street SPDR S&P Biotech ETF: 13,548 shares worth $1.15M.

By sector, the portfolio is most concentrated in Technology at 18% of assets, up from 17% a quarter earlier, followed by Financials and Healthcare.

On the sell side, the largest reduction was Celgene Corp, an estimated $1.28M trimmed.

  • Covenant Asset Management's largest Q4 2017 buy was State Street SPDR S&P Biotech ETF: 13,548 shares worth $1.15M.
  • Covenant Asset Management added most to Albemarle in Q4 2017, an estimated $270K increase.
  • Covenant Asset Management's biggest Q4 2017 reduction was Celgene Corp, cutting an estimated $1.28M.
  • Covenant Asset Management fully exited Dave & Buster's in Q4 2017, selling an estimated $559K.
  • Covenant Asset Management's ten largest holdings make up 24% of its $172M portfolio in Q4 2017.
  • Covenant Asset Management opened 11 new positions and closed 6 in Q4 2017.
  • Covenant Asset Management's portfolio value rose 4.9% quarter-over-quarter to $172M.

Based on Covenant Asset Management's 13F filing for Q4 2017, filed 12 Jan 2018.