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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
-2.65%
1 Year Est. Return
+38.14%
3 Year Est. Return
+158.45%
5 Year Est. Return
+212.83%
10 Year Est. Return
–
AUM
$379M
AUM Growth
-$14.8M
(-3.8%)
Cap. Flow
-$33.7M
Cap. Flow
% of AUM
-8.87%
Top 10 Holdings %
Top 10 Hldgs %
36.31%
Holding
165
New
5
Increased
46
Reduced
45
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Regeneron Pharmaceuticals
REGN
|
+$1.52M |
| 2 |
Deere & Co
DE
|
+$1.26M |
| 3 |
Neurocrine Biosciences
NBIX
|
+$1.22M |
| 4 |
Uber
UBER
|
+$1.05M |
| 5 |
S&P Global
SPGI
|
+$611K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DexCom
DXCM
|
+$3.87M |
| 2 |
UnitedHealth
UNH
|
+$1.17M |
| 3 |
SolarEdge
SEDG
|
+$767K |
| 4 |
Amazon
AMZN
|
+$412K |
| 5 |
MMP
Magellan Midstream Partners, L.P.
MMP
|
+$386K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 33.6% |
| 2 | Healthcare | 12.81% |
| 3 | Industrials | 8.48% |
| 4 | Consumer Discretionary | 7.28% |
| 5 | Communication Services | 6.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
Applied Materials
AMAT
$403B
| – | – |
-1,577
| Closed | -$228K |
|
152
PUT
ASML
ASML
$626B
| – | – |
0
| – | -$9.57M |
|
153
PUT
Broadcom
AVGO
$1.85T
| – | – |
0
| – | -$5.64M |
|
154
PUT
Costco
COST
$422B
| – | – |
0
| – | -$1.88M |
|
|
155
DexCom
DXCM
$31.5B
| – | – |
-30,097
| Closed | -$3.87M |
|
156
CALL
Palo Alto Networks
PANW
$270B
| – | – |
0
| – | -$639K |
|
|
157
PUT
Palo Alto Networks
PANW
$270B
| – | – |
0
| – | -$1.28M |
|
158
Global X NASDAQ-100 Covered Call ETF
QYLD
$8.11B
| – | – |
-10,290
| Closed | -$183K |
|
|
159
CALL
Regeneron Pharmaceuticals
REGN
$78.5B
| – | – |
0
| – | -$2.51M |
|
|
160
PUT
Regeneron Pharmaceuticals
REGN
$78.5B
| – | – |
0
| – | -$2.51M |
|
|
161
PUT
SolarEdge
SEDG
$2.51B
| – | – |
0
| – | -$4.71M |
|
162
CALL
Tesla
TSLA
$1.23T
| – | – |
0
| – | -$262K |
|
|
163
PUT
Tesla
TSLA
$1.23T
| – | – |
0
| – | -$3.25M |
|
164
Vanguard Short-Term Corporate Bond ETF
VCSH
$44.7B
| – | – |
-2,896
| Closed | -$219K |
|
|
MMP
165
DELISTED
Magellan Midstream Partners, L.P.
MMP
| – | – |
-6,195
| Closed | -$386K |
|
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Covenant Asset Management's Q3 2023 Portfolio in Review
As of Q3 2023, Covenant Asset Management held 165 positions worth $379M, down 3.8% from $394M the previous quarter. Its ten largest holdings account for 36% of the portfolio.
Covenant Asset Management withdrew a net $33.7M in Q3 2023, closing 5 positions and reducing 45 holdings. Its most notable exit was DexCom, an estimated $3.87M position sold in full.
By sector, the portfolio is most concentrated in Technology at 34% of assets, down from 35% a quarter earlier, followed by Healthcare and Industrials.
Against the trend, Covenant Asset Management opened a new position in Uber worth $1.06M.
- Covenant Asset Management's largest Q3 2023 buy was Uber: 23,004 shares worth $1.06M.
- Covenant Asset Management added most to Regeneron Pharmaceuticals in Q3 2023, an estimated $1.52M increase.
- Covenant Asset Management's biggest Q3 2023 reduction was UnitedHealth, cutting an estimated $1.17M.
- Covenant Asset Management fully exited DexCom in Q3 2023, selling an estimated $3.87M.
- Covenant Asset Management's ten largest holdings make up 36% of its $379M portfolio in Q3 2023.
- Covenant Asset Management opened 5 new positions and closed 5 in Q3 2023.
- Covenant Asset Management's portfolio value fell 3.8% quarter-over-quarter to $379M.
Based on Covenant Asset Management's 13F filing for Q3 2023, filed 31 Oct 2023.