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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
+4.49%
1 Year Est. Return
+38.14%
3 Year Est. Return
+158.45%
5 Year Est. Return
+212.83%
10 Year Est. Return
–
AUM
$173M
AUM Growth
+$1.05M
Cap. Flow
+$13.8M
Cap. Flow %
8%
Top 10 Hldgs %
26.07%
Holding
166
New
21
Increased
44
Reduced
59
Closed
19

Top Buys

Rank Stock Value
1
VRTX icon
Vertex Pharmaceuticals
VRTX
+$2.79M
2
XBI icon
State Street SPDR S&P Biotech ETF
XBI
+$1.71M
3
PYPL icon
PayPal
PYPL
+$1.71M
4
NVDA icon
NVIDIA
NVDA
+$1.69M
5
XYZ
Block Inc
XYZ
+$1.44M

Top Sells

Rank Stock Value
1
AVGO icon
Broadcom
AVGO
+$2.78M
2
CELG
Celgene Corp
CELG
+$1.85M
3
ALB icon
Albemarle
ALB
+$1.65M
4
INCY icon
Incyte
INCY
+$1.5M
5
LFUS icon
Littelfuse
LFUS
+$1.48M

Sector Composition

Rank Sector Weight
1 Technology 18.39%
2 Financials 16.14%
3 Healthcare 12.56%
4 Communication Services 9.46%
5 Industrials 9.11%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EXPE icon
151
Expedia Group
EXPE
$36.5B
– –
-2,300
Closed -$275K
INCY icon
152
Incyte
INCY
$25.4B
– –
-15,840
Closed -$1.5M
KMB icon
153
Kimberly-Clark
KMB
$37.6B
– –
-2,348
Closed -$283K
LFUS icon
154
Littelfuse
LFUS
$10.4B
– –
-7,456
Closed -$1.48M
MCHP icon
155
Microchip Technology
MCHP
$38.8B
– –
-30,342
Closed -$1.33M
RNP icon
156
Cohen & Steers REIT and Preferred and Income Fund
RNP
$989M
– –
-47,145
Closed -$1M
SPY icon
157
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$771B
– –
-20,000
Closed -$115K
SPY icon
158
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$771B
– –
-20,000
Closed -$1K
ULTA icon
159
Ulta Beauty
ULTA
$21.8B
– –
-4,782
Closed -$1.07M
VO icon
160
Vanguard Mid-Cap ETF
VO
$106B
– –
-5,360
Closed -$207K
XRT icon
161
State Street SPDR S&P Retail ETF
XRT
$457M
– –
-6,678
Closed -$302K
SLCA
162
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
– –
-7,403
Closed -$241K
USCR
163
DELISTED
U S Concrete, Inc.
USCR
– –
-13,671
Closed -$1.14M
HCR
164
DELISTED
Hi-Crush Inc. Common Stock
HCR
– –
-41,471
Closed -$444K
EQM
165
DELISTED
EQM Midstream Partners, LP
EQM
– –
-2,950
Closed -$216K
CELG
166
DELISTED
Celgene Corp
CELG
– –
-17,755
Closed -$1.85M
3 4 5 6
7

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Covenant Asset Management's Q1 2018 Portfolio in Review

As of Q1 2018, Covenant Asset Management held 166 positions worth $173M, up 0.61% from $172M the previous quarter. Its ten largest holdings account for 26% of the portfolio.

Covenant Asset Management deployed $13.8M of net new capital in Q1 2018, opening 21 new positions and adding to 44 existing holdings. Its largest new stake was Vertex Pharmaceuticals: 17,086 shares worth $2.79M.

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

On the sell side, the largest reduction was Broadcom, an estimated $2.78M trimmed.

  • Covenant Asset Management's largest Q1 2018 buy was Vertex Pharmaceuticals: 17,086 shares worth $2.79M.
  • Covenant Asset Management added most to State Street SPDR S&P Biotech ETF in Q1 2018, an estimated $1.71M increase.
  • Covenant Asset Management's biggest Q1 2018 reduction was Broadcom, cutting an estimated $2.78M.
  • Covenant Asset Management fully exited Celgene Corp in Q1 2018, selling an estimated $1.85M.
  • Covenant Asset Management's ten largest holdings make up 26% of its $173M portfolio in Q1 2018.
  • Covenant Asset Management opened 21 new positions and closed 19 in Q1 2018.
  • Covenant Asset Management's portfolio value rose 0.61% quarter-over-quarter to $173M.

Based on Covenant Asset Management's 13F filing for Q1 2018, filed 4 May 2018.