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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
+15.65%
1 Year Est. Return
+38.14%
3 Year Est. Return
+158.45%
5 Year Est. Return
+212.83%
10 Year Est. Return
–
AUM
$557M
AUM Growth
+$177M
Cap. Flow
-$16.1M
Cap. Flow %
-2.89%
Top 10 Hldgs %
45.96%
Holding
167
New
10
Increased
38
Reduced
71
Closed
10

Top Buys

Rank Stock Value
1
ANET icon
Arista Networks
ANET
+$4.47M
2
UBER icon
Uber
UBER
+$1.56M
3
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$680K
4
CAT icon
Caterpillar
CAT
+$569K
5
UNP icon
Union Pacific
UNP
+$364K

Top Sells

Rank Stock Value
1
ON icon
ON Semiconductor
ON
+$4.26M
2
MSFT icon
Microsoft
MSFT
+$1.77M
3
ULTA icon
Ulta Beauty
ULTA
+$1.45M
4
ENPH icon
Enphase Energy
ENPH
+$1.44M
5
SCHP icon
Schwab US TIPS ETF
SCHP
+$970K

Sector Composition

Rank Sector Weight
1 Technology 26.74%
2 Healthcare 9.16%
3 Industrials 6.47%
4 Consumer Discretionary 5.45%
5 Communication Services 4.92%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IJH icon
151
iShares Core S&P Mid-Cap ETF
IJH
$122B
$202K 0.04%
3,640
-500
-12% -$25.4K
GCC icon
152
WisdomTree Enhanced Commodity Strategy Fund
GCC
$270M
$196K 0.04%
11,575
-825
-7% -$14.4K
BYM
153
DELISTED
BlackRock Municipal Income Quality Trust
BYM
$193K 0.03%
17,225
-36,930
-68% -$382K
HYB
154
DELISTED
New America High Income Fund, Inc.
HYB
$79.6K 0.01%
11,300
– –
BBY icon
155
Best Buy
BBY
$18.2B
– –
-7,065
Closed -$491K
ENPH icon
156
CALL
Enphase Energy
ENPH
$4.96B
– –
0
– -$601K
ENPH icon
157
Enphase Energy
ENPH
$4.96B
– –
-13,610
Closed -$1.44M
EXR icon
158
Extra Space Storage
EXR
$31.3B
– –
-1,755
Closed -$213K
IVW icon
159
iShares S&P 500 Growth ETF
IVW
$73.8B
– –
-3,332
Closed -$228K
KVUE icon
160
Kenvue
KVUE
$36.9B
– –
-11,787
Closed -$237K
ON icon
161
ON Semiconductor
ON
$31.8B
– –
-45,795
Closed -$4.26M
PSX icon
162
Phillips 66
PSX
$84.9B
– –
-2,310
Closed -$278K
QQQ icon
163
PUT
Invesco QQQ Trust
QQQ
$453B
– –
0
– -$3.58M
SCHD icon
164
Schwab US Dividend Equity ETF
SCHD
$103B
– –
-11,718
Closed -$276K
SCHP icon
165
Schwab US TIPS ETF
SCHP
$16.3B
– –
-38,440
Closed -$970K
SEDG icon
166
CALL
SolarEdge
SEDG
$2.51B
– –
0
– -$2.85M
VTIP icon
167
Vanguard Short-Term Inflation-Protected Securities Index Fund
VTIP
$19.1B
– –
-5,437
Closed -$257K
3 4 5 6
7

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Covenant Asset Management's Q4 2023 Portfolio in Review

As of Q4 2023, Covenant Asset Management held 167 positions worth $557M, up 47% from $379M the previous quarter. Its ten largest holdings account for 46% of the portfolio.

Covenant Asset Management's Q4 2023 filing shows 10 new, 38 increased, 71 reduced and 10 closed positions. Its largest new stake was Arista Networks: 85,192 shares worth $5.02M. The largest sale was ON Semiconductor, an estimated $4.26M.

By sector, the portfolio is most concentrated in Technology at 27% of assets, down from 34% a quarter earlier, followed by Healthcare and Industrials.

  • Covenant Asset Management's largest Q4 2023 buy was Arista Networks: 85,192 shares worth $5.02M.
  • Covenant Asset Management added most to Uber in Q4 2023, an estimated $1.56M increase.
  • Covenant Asset Management's biggest Q4 2023 reduction was Microsoft, cutting an estimated $1.77M.
  • Covenant Asset Management fully exited ON Semiconductor in Q4 2023, selling an estimated $4.26M.
  • Covenant Asset Management's ten largest holdings make up 46% of its $557M portfolio in Q4 2023.
  • Covenant Asset Management opened 10 new positions and closed 10 in Q4 2023.
  • Covenant Asset Management's portfolio value rose 47% quarter-over-quarter to $557M.

Based on Covenant Asset Management's 13F filing for Q4 2023, filed 22 Jan 2024.