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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
+14.51%
1 Year Est. Return
+38.14%
3 Year Est. Return
+158.45%
5 Year Est. Return
+212.83%
10 Year Est. Return
–
AUM
$420M
AUM Growth
+$1.42M
Cap. Flow
-$61M
Cap. Flow %
-14.52%
Top 10 Hldgs %
32.58%
Holding
187
New
10
Increased
54
Reduced
53
Closed
9

Top Buys

Rank Stock Value
1
ROK icon
Rockwell Automation
ROK
+$3.39M
2
KLAC icon
KLA
KLAC
+$2.77M
3
BA icon
Boeing
BA
+$2.42M
4
RTX icon
RTX Corp
RTX
+$2.22M
5
URI icon
United Rentals
URI
+$1.98M

Top Sells

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$3.74M
2
MSFT icon
Microsoft
MSFT
+$3.3M
3
AMAT icon
Applied Materials
AMAT
+$2.68M
4
HII icon
Huntington Ingalls Industries
HII
+$2.31M
5
LHX icon
L3Harris
LHX
+$2.09M

Sector Composition

Rank Sector Weight
1 Technology 27.76%
2 Healthcare 11.18%
3 Industrials 7.84%
4 Consumer Discretionary 6.29%
5 Communication Services 5.04%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PAA icon
151
Plains All American Pipeline
PAA
$17.3B
$241K 0.06%
+19,303
New +$241K
INTC icon
152
Intel
INTC
$455B
$240K 0.06%
7,357
-1,286
-15% -$36.4K
AMJ
153
DELISTED
JP Morgan Alerian MLP Index ETN 5/24/24
AMJ
$239K 0.06%
10,776
-6,666
-38% -$150K
PSX icon
154
Phillips 66
PSX
$84.9B
$234K 0.06%
2,310
– –
CCI icon
155
Crown Castle
CCI
$33.3B
$227K 0.05%
1,695
-181
-10% -$25K
VCSH icon
156
Vanguard Short-Term Corporate Bond ETF
VCSH
$44.7B
$224K 0.05%
2,932
-249
-8% -$18.9K
IVW icon
157
iShares S&P 500 Growth ETF
IVW
$73.8B
$213K 0.05%
3,332
-316
-9% -$19.3K
XBI icon
158
State Street SPDR S&P Biotech ETF
XBI
$9.6B
$210K 0.05%
2,760
– –
GCC icon
159
WisdomTree Enhanced Commodity Strategy Fund
GCC
$270M
$209K 0.05%
11,710
– –
GOOG icon
160
CALL
Alphabet (Google) Class C
GOOG
$4.36T
– –
0
– –
GOOGL icon
161
PUT
Alphabet (Google) Class A
GOOGL
$4.36T
– –
0
– –
IJH icon
162
iShares Core S&P Mid-Cap ETF
IJH
$122B
$207K 0.05%
4,140
– –
AMZN icon
163
CALL
Amazon
AMZN
$2.92T
– –
0
– –
AMAT icon
164
Applied Materials
AMAT
$403B
$202K 0.05%
1,641
-23,370
-93% -$2.68M
MMM icon
165
3M
MMM
$90.9B
$200K 0.05%
2,278
– –
QYLD icon
166
Global X NASDAQ-100 Covered Call ETF
QYLD
$8.08B
$176K 0.04%
10,290
– –
HYB
167
DELISTED
New America High Income Fund, Inc.
HYB
$77K 0.02%
11,300
– –
DE icon
168
CALL
Deere & Co
DE
$160B
– –
0
– -$6.3M
GTLS
169
DELISTED
Chart Industries
GTLS
– –
-13,073
Closed -$1.51M
HII icon
170
Huntington Ingalls Industries
HII
$12.9B
– –
-10,020
Closed -$2.31M
HLT icon
171
Hilton Worldwide
HLT
$72.1B
– –
-8,523
Closed -$1.08M
IGSB icon
172
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$23B
– –
-7,756
Closed -$386K
LHX icon
173
L3Harris
LHX
$51.6B
– –
-10,019
Closed -$2.09M
LLY icon
174
CALL
Eli Lilly
LLY
$1.02T
– –
0
– -$1.46M
LLY icon
175
PUT
Eli Lilly
LLY
$1.02T
– –
0
– -$1.46M
4 5 6
7
8

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Covenant Asset Management's Q1 2023 Portfolio in Review

As of Q1 2023, Covenant Asset Management held 187 positions worth $420M, up 0.34% from $419M the previous quarter. Its ten largest holdings account for 33% of the portfolio.

Covenant Asset Management withdrew a net $61M in Q1 2023, closing 9 positions and reducing 53 holdings. Its most notable exit was Huntington Ingalls Industries, an estimated $2.31M position sold in full.

By sector, the portfolio is most concentrated in Technology at 28% of assets, up from 24% a quarter earlier, followed by Healthcare and Industrials.

Against the trend, Covenant Asset Management opened a new position in Rockwell Automation worth $3.5M.

  • Covenant Asset Management's largest Q1 2023 buy was Rockwell Automation: 11,916 shares worth $3.5M.
  • Covenant Asset Management added most to Boeing in Q1 2023, an estimated $2.42M increase.
  • Covenant Asset Management's biggest Q1 2023 reduction was Apple, cutting an estimated $3.74M.
  • Covenant Asset Management fully exited Huntington Ingalls Industries in Q1 2023, selling an estimated $2.31M.
  • Covenant Asset Management's ten largest holdings make up 33% of its $420M portfolio in Q1 2023.
  • Covenant Asset Management opened 10 new positions and closed 9 in Q1 2023.
  • Covenant Asset Management's portfolio value rose 0.34% quarter-over-quarter to $420M.

Based on Covenant Asset Management's 13F filing for Q1 2023, filed 27 Apr 2023.