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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
-7.65%
1 Year Est. Return
+38.14%
3 Year Est. Return
+158.45%
5 Year Est. Return
+212.83%
10 Year Est. Return
–
AUM
$370M
AUM Growth
-$6.18M
Cap. Flow
+$33.1M
Cap. Flow %
8.95%
Top 10 Hldgs %
35.03%
Holding
152
New
17
Increased
47
Reduced
32
Closed
7

Top Buys

Rank Stock Value
1
DE icon
Deere & Co
DE
+$4.05M
2
AMD icon
Advanced Micro Devices
AMD
+$3.65M
3
EXPE icon
Expedia Group
EXPE
+$3.06M
4
BA icon
Boeing
BA
+$2.55M
5
RTX icon
RTX Corp
RTX
+$2.49M

Top Sells

Rank Stock Value
1
QRVO icon
Qorvo
QRVO
+$4.16M
2
ZBRA icon
Zebra Technologies
ZBRA
+$3.21M
3
NVDA icon
NVIDIA
NVDA
+$2.38M
4
DXCM icon
DexCom
DXCM
+$2.38M
5
TTD icon
Trade Desk
TTD
+$2.04M

Sector Composition

Rank Sector Weight
1 Technology 34.56%
2 Healthcare 12.95%
3 Industrials 9.23%
4 Consumer Discretionary 9.02%
5 Communication Services 7.81%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VOO icon
151
Vanguard S&P 500 ETF
VOO
$979B
– –
-470
Closed -$205K
ZBRA icon
152
Zebra Technologies
ZBRA
$14B
– –
-5,396
Closed -$3.21M
3 4 5 6
7

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Covenant Asset Management's Q1 2022 Portfolio in Review

As of Q1 2022, Covenant Asset Management held 152 positions worth $370M, down 1.6% from $376M the previous quarter. Its ten largest holdings account for 35% of the portfolio.

Covenant Asset Management deployed $33.1M of net new capital in Q1 2022, opening 17 new positions and adding to 47 existing holdings. Its largest new stake was Deere & Co: 10,577 shares worth $4.39M.

By sector, the portfolio is most concentrated in Technology at 35% of assets, down from 41% a quarter earlier, followed by Healthcare and Industrials.

On the sell side, the largest reduction was NVIDIA, an estimated $2.38M trimmed.

  • Covenant Asset Management's largest Q1 2022 buy was Deere & Co: 10,577 shares worth $4.39M.
  • Covenant Asset Management added most to RTX Corp in Q1 2022, an estimated $2.49M increase.
  • Covenant Asset Management's biggest Q1 2022 reduction was NVIDIA, cutting an estimated $2.38M.
  • Covenant Asset Management fully exited Qorvo in Q1 2022, selling an estimated $4.16M.
  • Covenant Asset Management's ten largest holdings make up 35% of its $370M portfolio in Q1 2022.
  • Covenant Asset Management opened 17 new positions and closed 7 in Q1 2022.
  • Covenant Asset Management's portfolio value fell 1.6% quarter-over-quarter to $370M.

Based on Covenant Asset Management's 13F filing for Q1 2022, filed 29 Apr 2022.