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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
+11.59%
1 Year Est. Return
+38.14%
3 Year Est. Return
+158.45%
5 Year Est. Return
+212.83%
10 Year Est. Return
–
AUM
$228M
AUM Growth
+$29.3M
Cap. Flow
+$10.2M
Cap. Flow %
4.48%
Top 10 Hldgs %
28.92%
Holding
154
New
17
Increased
40
Reduced
56
Closed
11

Top Buys

Rank Stock Value
1
ULTA icon
Ulta Beauty
ULTA
+$1.82M
2
QRVO icon
Qorvo
QRVO
+$1.81M
3
KSU
Kansas City Southern
KSU
+$1.71M
4
BIIB icon
Biogen
BIIB
+$1.56M
5
LHX icon
L3Harris
LHX
+$1.39M

Top Sells

Rank Stock Value
1
ETSY icon
Etsy
ETSY
+$1.97M
2
IQV icon
IQVIA
IQV
+$1.82M
3
XLNX
Xilinx Inc
XLNX
+$1.53M
4
PRLB icon
Protolabs
PRLB
+$1.44M
5
FANG icon
Diamondback Energy
FANG
+$1.14M

Sector Composition

Rank Sector Weight
1 Technology 26.03%
2 Healthcare 16.41%
3 Communication Services 9.56%
4 Industrials 7.85%
5 Financials 7.01%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TEAM icon
151
PUT
Atlassian
TEAM
$25.4B
– –
-2,500
Closed -$314K
XLNX
152
CALL
DELISTED
Xilinx Inc
XLNX
– –
-5,000
Closed -$480K
XLNX
153
DELISTED
Xilinx Inc
XLNX
– –
-16,301
Closed -$1.53M
STI
154
DELISTED
SunTrust Banks, Inc.
STI
– –
-4,342
Closed -$299K
3 4 5 6
7

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Covenant Asset Management's Q4 2019 Portfolio in Review

As of Q4 2019, Covenant Asset Management held 154 positions worth $228M, up 15% from $199M the previous quarter. Its ten largest holdings account for 29% of the portfolio.

Covenant Asset Management deployed $10.2M of net new capital in Q4 2019, opening 17 new positions and adding to 40 existing holdings. Its largest new stake was Ulta Beauty: 7,466 shares worth $1.89M.

By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 25% a quarter earlier, followed by Healthcare and Communication Services.

On the sell side, the largest reduction was Protolabs, an estimated $1.44M trimmed.

  • Covenant Asset Management's largest Q4 2019 buy was Ulta Beauty: 7,466 shares worth $1.89M.
  • Covenant Asset Management added most to Biogen in Q4 2019, an estimated $1.56M increase.
  • Covenant Asset Management's biggest Q4 2019 reduction was Protolabs, cutting an estimated $1.44M.
  • Covenant Asset Management fully exited Etsy in Q4 2019, selling an estimated $1.97M.
  • Covenant Asset Management's ten largest holdings make up 29% of its $228M portfolio in Q4 2019.
  • Covenant Asset Management opened 17 new positions and closed 11 in Q4 2019.
  • Covenant Asset Management's portfolio value rose 15% quarter-over-quarter to $228M.

Based on Covenant Asset Management's 13F filing for Q4 2019, filed 24 Jan 2020.