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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
+17.74%
1 Year Est. Return
+38.14%
3 Year Est. Return
+158.45%
5 Year Est. Return
+212.83%
10 Year Est. Return
–
AUM
$610M
AUM Growth
+$53M
Cap. Flow
-$21.8M
Cap. Flow %
-3.57%
Top 10 Hldgs %
47.24%
Holding
163
New
8
Increased
69
Reduced
33
Closed
10

Top Buys

Rank Stock Value
1
META icon
Meta Platforms (Facebook)
META
+$4.49M
2
HWM icon
Howmet Aerospace
HWM
+$3.05M
3
LHX icon
L3Harris
LHX
+$994K
4
MCHP icon
Microchip Technology
MCHP
+$703K
5
UNH icon
UnitedHealth
UNH
+$628K

Top Sells

Rank Stock Value
1
ROK icon
Rockwell Automation
ROK
+$3.68M
2
BA icon
Boeing
BA
+$3.54M
3
EOG icon
EOG Resources
EOG
+$1.55M
4
LMT icon
Lockheed Martin
LMT
+$941K
5
CSCO icon
Cisco
CSCO
+$791K

Sector Composition

Rank Sector Weight
1 Technology 28.5%
2 Healthcare 9.33%
3 Consumer Discretionary 6.07%
4 Communication Services 6.06%
5 Industrials 6.01%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
KLAC icon
151
CALL
KLA
KLAC
$239B
– –
0
– -$2.62M
KLAC icon
152
PUT
KLA
KLAC
$239B
– –
0
– -$5.23M
KOF icon
153
Coca-Cola Femsa
KOF
$22.7B
– –
-3,972
Closed -$376K
LLY icon
154
PUT
Eli Lilly
LLY
$1.02T
– –
0
– -$6.7M
MPWR icon
155
Monolithic Power Systems
MPWR
$70.1B
– –
-350
Closed -$221K
NOW icon
156
CALL
ServiceNow
NOW
$115B
– –
0
– -$2.12M
NVDA icon
157
CALL
NVIDIA
NVDA
$4.86T
– –
0
– -$1.49M
NVDA icon
158
PUT
NVIDIA
NVDA
$4.86T
– –
0
– -$1.29M
ROK icon
159
Rockwell Automation
ROK
$53.4B
– –
-11,856
Closed -$3.68M
SNPS icon
160
PUT
Synopsys
SNPS
$74.4B
– –
0
– -$2.57M
SO icon
161
Southern Company
SO
$109B
– –
-3,148
Closed -$221K
SPGI icon
162
S&P Global
SPGI
$121B
– –
-900
Closed -$396K
HYB
163
DELISTED
New America High Income Fund, Inc.
HYB
– –
-11,300
Closed -$79.6K
3 4 5 6
7

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Covenant Asset Management's Q1 2024 Portfolio in Review

As of Q1 2024, Covenant Asset Management held 163 positions worth $610M, up 9.5% from $557M the previous quarter. Its ten largest holdings account for 47% of the portfolio.

Covenant Asset Management withdrew a net $21.8M in Q1 2024, closing 10 positions and reducing 33 holdings. Its most notable exit was Rockwell Automation, an estimated $3.68M position sold in full.

By sector, the portfolio is most concentrated in Technology at 29% of assets, up from 27% a quarter earlier, followed by Healthcare and Consumer Discretionary.

Against the trend, Covenant Asset Management opened a new position in Howmet Aerospace worth $3.4M.

  • Covenant Asset Management's largest Q1 2024 buy was Howmet Aerospace: 49,714 shares worth $3.4M.
  • Covenant Asset Management added most to Meta Platforms (Facebook) in Q1 2024, an estimated $4.49M increase.
  • Covenant Asset Management's biggest Q1 2024 reduction was Lockheed Martin, cutting an estimated $941K.
  • Covenant Asset Management fully exited Rockwell Automation in Q1 2024, selling an estimated $3.68M.
  • Covenant Asset Management's ten largest holdings make up 47% of its $610M portfolio in Q1 2024.
  • Covenant Asset Management opened 8 new positions and closed 10 in Q1 2024.
  • Covenant Asset Management's portfolio value rose 9.5% quarter-over-quarter to $610M.

Based on Covenant Asset Management's 13F filing for Q1 2024, filed 23 Apr 2024.