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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
+17.77%
1 Year Est. Return
+38.14%
3 Year Est. Return
+158.45%
5 Year Est. Return
+212.83%
10 Year Est. Return
–
AUM
$190M
AUM Growth
-$8.15M
Cap. Flow
-$13.2M
Cap. Flow %
-6.93%
Top 10 Hldgs %
28.75%
Holding
157
New
20
Increased
27
Reduced
73
Closed
22

Top Buys

Rank Stock Value
1
TTD icon
Trade Desk
TTD
+$2.6M
2
INTU icon
Intuit
INTU
+$2.27M
3
ETSY icon
Etsy
ETSY
+$1.87M
4
BA icon
Boeing
BA
+$1.77M
5
IDXX icon
Idexx Laboratories
IDXX
+$1.26M

Top Sells

Rank Stock Value
1
LGND icon
Ligand Pharmaceuticals
LGND
+$2.85M
2
RJF icon
Raymond James Financial
RJF
+$2.44M
3
XBI icon
State Street SPDR S&P Biotech ETF
XBI
+$2.3M
4
RTN
Raytheon Company
RTN
+$2.23M
5
BYM
BlackRock Municipal Income Quality Trust
BYM
+$2.14M

Sector Composition

Rank Sector Weight
1 Technology 22.51%
2 Healthcare 16.62%
3 Communication Services 10.98%
4 Financials 9.26%
5 Consumer Discretionary 6.52%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VOO icon
151
Vanguard S&P 500 ETF
VOO
$956B
– –
-977
Closed -$261K
VWO icon
152
Vanguard FTSE Emerging Markets ETF
VWO
$117B
– –
-5,769
Closed -$237K
XLC icon
153
PUT
State Street Communication Services Select Sector SPDR ETF
XLC
$22.5B
– –
-50,000
Closed -$51K
CTT
154
DELISTED
CATCHMARK TIMBER TRUST, INC.
CTT
– –
-39,348
Closed -$450K
RTN
155
DELISTED
Raytheon Company
RTN
– –
-10,785
Closed -$2.23M
ICON
156
DELISTED
Iconix Brand Group, Inc.
ICON
– –
-1,000
Closed -$3K
PX
157
DELISTED
Praxair Inc
PX
– –
-2,525
Closed -$406K
3 4 5 6
7

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Covenant Asset Management's Q1 2019 Portfolio in Review

As of Q1 2019, Covenant Asset Management held 157 positions worth $190M, down 4.1% from $198M the previous quarter. Its ten largest holdings account for 29% of the portfolio.

Covenant Asset Management withdrew a net $13.2M in Q1 2019, closing 22 positions and reducing 73 holdings. Its most notable exit was Ligand Pharmaceuticals, an estimated $2.85M position sold in full.

By sector, the portfolio is most concentrated in Technology at 23% of assets, up from 21% a quarter earlier, followed by Healthcare and Communication Services.

Against the trend, Covenant Asset Management opened a new position in Trade Desk worth $3.15M.

  • Covenant Asset Management's largest Q1 2019 buy was Trade Desk: 158,870 shares worth $3.15M.
  • Covenant Asset Management added most to Boeing in Q1 2019, an estimated $1.77M increase.
  • Covenant Asset Management's biggest Q1 2019 reduction was State Street SPDR S&P Biotech ETF, cutting an estimated $2.3M.
  • Covenant Asset Management fully exited Ligand Pharmaceuticals in Q1 2019, selling an estimated $2.85M.
  • Covenant Asset Management's ten largest holdings make up 29% of its $190M portfolio in Q1 2019.
  • Covenant Asset Management opened 20 new positions and closed 22 in Q1 2019.
  • Covenant Asset Management's portfolio value fell 4.1% quarter-over-quarter to $190M.

Based on Covenant Asset Management's 13F filing for Q1 2019, filed 26 Apr 2019.