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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
-16.73%
1 Year Est. Return
+38.14%
3 Year Est. Return
+158.45%
5 Year Est. Return
+212.83%
10 Year Est. Return
–
AUM
$315M
AUM Growth
-$55.3M
Cap. Flow
-$38.2M
Cap. Flow %
-12.15%
Top 10 Hldgs %
28.96%
Holding
159
New
6
Increased
42
Reduced
46
Closed
18

Top Buys

Rank Stock Value
1
AVGO icon
Broadcom
AVGO
+$2.93M
2
VRTX icon
Vertex Pharmaceuticals
VRTX
+$2.86M
3
LHX icon
L3Harris
LHX
+$2.68M
4
ENPH icon
Enphase Energy
ENPH
+$2.6M
5
LLY icon
Eli Lilly
LLY
+$2.55M

Top Sells

Rank Stock Value
1
AMRC icon
Ameresco
AMRC
+$4.84M
2
ISRG icon
Intuitive Surgical
ISRG
+$2.86M
3
BA icon
Boeing
BA
+$2.43M
4
REGN icon
Regeneron Pharmaceuticals
REGN
+$2.02M
5
AMZN icon
Amazon
AMZN
+$1.68M

Sector Composition

Rank Sector Weight
1 Technology 30.83%
2 Healthcare 14.12%
3 Industrials 8.82%
4 Consumer Discretionary 6.78%
5 Communication Services 6.17%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CFMS
151
DELISTED
Conformis, Inc. Common Stock
CFMS
$5K ﹤0.01%
598
– –
AMRC icon
152
Ameresco
AMRC
$980M
– –
-60,874
Closed -$4.84M
BA icon
153
Boeing
BA
$169B
– –
-12,698
Closed -$2.43M
CP icon
154
Canadian Pacific Kansas City
CP
$81B
– –
-18,304
Closed -$1.51M
DDOG icon
155
Datadog
DDOG
$94B
– –
-2,000
Closed -$303K
IIPR icon
156
Innovative Industrial Properties
IIPR
$1.77B
– –
-1,268
Closed -$260K
IJH icon
157
iShares Core S&P Mid-Cap ETF
IJH
$121B
– –
-4,140
Closed -$222K
PSX icon
158
Phillips 66
PSX
$82.9B
– –
-2,310
Closed -$200K
SPG icon
159
Simon Property Group
SPG
$76.4B
– –
-2,000
Closed -$263K
3 4 5 6
7

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AIP
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1WCM
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TAIM
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Covenant Asset Management's Q2 2022 Portfolio in Review

As of Q2 2022, Covenant Asset Management held 159 positions worth $315M, down 15% from $370M the previous quarter. Its ten largest holdings account for 29% of the portfolio.

Covenant Asset Management withdrew a net $38.2M in Q2 2022, closing 18 positions and reducing 46 holdings. Its most notable exit was Ameresco, an estimated $4.84M position sold in full.

By sector, the portfolio is most concentrated in Technology at 31% of assets, down from 35% a quarter earlier, followed by Healthcare and Industrials.

Against the trend, Covenant Asset Management opened a new position in Vertex Pharmaceuticals worth $3.01M.

  • Covenant Asset Management's largest Q2 2022 buy was Vertex Pharmaceuticals: 10,680 shares worth $3.01M.
  • Covenant Asset Management added most to Broadcom in Q2 2022, an estimated $2.93M increase.
  • Covenant Asset Management's biggest Q2 2022 reduction was Intuitive Surgical, cutting an estimated $2.86M.
  • Covenant Asset Management fully exited Ameresco in Q2 2022, selling an estimated $4.84M.
  • Covenant Asset Management's ten largest holdings make up 29% of its $315M portfolio in Q2 2022.
  • Covenant Asset Management opened 6 new positions and closed 18 in Q2 2022.
  • Covenant Asset Management's portfolio value fell 15% quarter-over-quarter to $315M.

Based on Covenant Asset Management's 13F filing for Q2 2022, filed 21 Jul 2022.