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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
+13.83%
1 Year Est. Return
+38.14%
3 Year Est. Return
+158.45%
5 Year Est. Return
+212.83%
10 Year Est. Return
–
AUM
$336M
AUM Growth
+$15.3M
Cap. Flow
-$20.5M
Cap. Flow %
-6.11%
Top 10 Hldgs %
38.26%
Holding
152
New
9
Increased
43
Reduced
30
Closed
19

Top Buys

Rank Stock Value
1
REGN icon
Regeneron Pharmaceuticals
REGN
+$5.47M
2
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$3.86M
3
YETI icon
Yeti Holdings
YETI
+$3.22M
4
AMRC icon
Ameresco
AMRC
+$3.2M
5
MSFT icon
Microsoft
MSFT
+$3.15M

Top Sells

Rank Stock Value
1
SEDG icon
SolarEdge
SEDG
+$4.17M
2
RGEN icon
Repligen
RGEN
+$3.64M
3
CBRL icon
Cracker Barrel
CBRL
+$3.63M
4
BFAM icon
Bright Horizons
BFAM
+$3.59M
5
VEEV icon
Veeva Systems
VEEV
+$3.59M

Sector Composition

Rank Sector Weight
1 Technology 38.24%
2 Healthcare 12.86%
3 Communication Services 11.76%
4 Consumer Discretionary 9.54%
5 Industrials 7.86%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VRTX icon
151
Vertex Pharmaceuticals
VRTX
$123B
– –
-1,000
Closed -$215K
ZTS icon
152
Zoetis
ZTS
$32.7B
– –
-6,001
Closed -$945K
3 4 5 6
7

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Covenant Asset Management's Q2 2021 Portfolio in Review

As of Q2 2021, Covenant Asset Management held 152 positions worth $336M, up 4.8% from $321M the previous quarter. Its ten largest holdings account for 38% of the portfolio.

Covenant Asset Management withdrew a net $20.5M in Q2 2021, closing 19 positions and reducing 30 holdings. Its most notable exit was SolarEdge, an estimated $4.17M position sold in full.

By sector, the portfolio is most concentrated in Technology at 38% of assets, up from 35% a quarter earlier, followed by Healthcare and Communication Services.

Against the trend, Covenant Asset Management opened a new position in Yeti Holdings worth $3.41M.

  • Covenant Asset Management's largest Q2 2021 buy was Yeti Holdings: 37,137 shares worth $3.41M.
  • Covenant Asset Management added most to Regeneron Pharmaceuticals in Q2 2021, an estimated $5.47M increase.
  • Covenant Asset Management's biggest Q2 2021 reduction was Kansas City Southern, cutting an estimated $1.91M.
  • Covenant Asset Management fully exited SolarEdge in Q2 2021, selling an estimated $4.17M.
  • Covenant Asset Management's ten largest holdings make up 38% of its $336M portfolio in Q2 2021.
  • Covenant Asset Management opened 9 new positions and closed 19 in Q2 2021.
  • Covenant Asset Management's portfolio value rose 4.8% quarter-over-quarter to $336M.

Based on Covenant Asset Management's 13F filing for Q2 2021, filed 21 Jul 2021.