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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
+9.07%
1 Year Est. Return
+38.14%
3 Year Est. Return
+158.45%
5 Year Est. Return
+212.83%
10 Year Est. Return
–
AUM
$629M
AUM Growth
+$19M
Cap. Flow
-$22.7M
Cap. Flow %
-3.61%
Top 10 Hldgs %
43.62%
Holding
174
New
16
Increased
37
Reduced
65
Closed
8

Top Buys

Rank Stock Value
1
ELF icon
e.l.f. Beauty
ELF
+$3.99M
2
ARM icon
Arm
ARM
+$3.98M
3
MEDP icon
Medpace
MEDP
+$3.55M
4
SEDG icon
SolarEdge
SEDG
+$2.42M
5
NFLX icon
Netflix
NFLX
+$1.89M

Top Sells

Rank Stock Value
1
IDXX icon
Idexx Laboratories
IDXX
+$3.5M
2
DECK icon
Deckers Outdoor
DECK
+$2.87M
3
ADBE icon
Adobe
ADBE
+$2.8M
4
ULTA icon
Ulta Beauty
ULTA
+$2.78M
5
ODFL icon
Old Dominion Freight Line
ODFL
+$1.27M

Sector Composition

Rank Sector Weight
1 Technology 31.53%
2 Healthcare 9.42%
3 Communication Services 6.91%
4 Industrials 5.38%
5 Consumer Discretionary 4.82%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GCC icon
151
WisdomTree Enhanced Commodity Strategy Fund
GCC
$270M
$224K 0.04%
11,850
– –
TSLA icon
152
Tesla
TSLA
$1.18T
$222K 0.04%
1,123
-2,124
-65% -$371K
MPWR icon
153
Monolithic Power Systems
MPWR
$61.4B
$217K 0.03%
+264
New +$191K
DKNG icon
154
DraftKings
DKNG
$12.2B
$214K 0.03%
5,618
-1,100
-16% -$45.7K
WSM icon
155
Williams-Sonoma
WSM
$27.5B
$213K 0.03%
1,510
– –
HDV
156
iShares Core High Dividend ETF
HDV
$14.7B
$213K 0.03%
9,800
-285
-3% -$6.21K
LRCX icon
157
Lam Research
LRCX
$316B
$211K 0.03%
+1,980
New +$190K
AAPL icon
158
CALL
Apple
AAPL
$4.97T
– –
0
– –
VB icon
159
Vanguard Morningstar Small-Cap ETF
VB
$78.9B
$210K 0.03%
963
-92
-9% -$20.2K
ARKK icon
160
ARK Innovation ETF
ARKK
$5.59B
$204K 0.03%
4,647
– –
KNG icon
161
FT Vest S&P 500 Dividend Aristocrats Target Income ETF
KNG
$3.46B
$202K 0.03%
+4,000
New +$207K
CEF icon
162
Sprott Physical Gold and Silver Trust
CEF
$7.35B
$202K 0.03%
+9,146
New +$202K
SCHD icon
163
Schwab US Dividend Equity ETF
SCHD
$104B
$201K 0.03%
7,749
-213
-3% -$5.54K
BMY icon
164
Bristol-Myers Squibb
BMY
$129B
– –
-3,857
Closed -$209K
CMG icon
165
CALL
Chipotle Mexican Grill
CMG
$43.9B
– –
0
– -$24.7M
ENPH icon
166
PUT
Enphase Energy
ENPH
$4.63B
– –
0
– -$472K
GOOG icon
167
CALL
Alphabet (Google) Class C
GOOG
$4.11T
– –
0
– -$305K
IDXX icon
168
Idexx Laboratories
IDXX
$44.9B
– –
-6,484
Closed -$3.5M
INTC icon
169
Intel
INTC
$413B
– –
-6,160
Closed -$272K
MMM icon
170
3M
MMM
$91.8B
– –
-2,278
Closed -$202K
PFE icon
171
Pfizer
PFE
$143B
– –
-7,262
Closed -$202K
PSX icon
172
Phillips 66
PSX
$82.9B
– –
-1,493
Closed -$244K
ULTA icon
173
Ulta Beauty
ULTA
$21.8B
– –
-5,321
Closed -$2.78M
AMJ
174
DELISTED
JP Morgan Alerian MLP Index ETN 5/24/24
AMJ
– –
-10,789
Closed -$307K
3 4 5 6
7

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Covenant Asset Management's Q2 2024 Portfolio in Review

As of Q2 2024, Covenant Asset Management held 174 positions worth $629M, up 3.1% from $610M the previous quarter. Its ten largest holdings account for 44% of the portfolio.

Covenant Asset Management withdrew a net $22.7M in Q2 2024, closing 8 positions and reducing 65 holdings. Its most notable exit was Idexx Laboratories, an estimated $3.5M position sold in full.

By sector, the portfolio is most concentrated in Technology at 32% of assets, up from 29% a quarter earlier, followed by Healthcare and Communication Services.

Against the trend, Covenant Asset Management opened a new position in e.l.f. Beauty worth $4.73M.

  • Covenant Asset Management's largest Q2 2024 buy was e.l.f. Beauty: 22,454 shares worth $4.73M.
  • Covenant Asset Management added most to SolarEdge in Q2 2024, an estimated $2.42M increase.
  • Covenant Asset Management's biggest Q2 2024 reduction was Deckers Outdoor, cutting an estimated $2.87M.
  • Covenant Asset Management fully exited Idexx Laboratories in Q2 2024, selling an estimated $3.5M.
  • Covenant Asset Management's ten largest holdings make up 44% of its $629M portfolio in Q2 2024.
  • Covenant Asset Management opened 16 new positions and closed 8 in Q2 2024.
  • Covenant Asset Management's portfolio value rose 3.1% quarter-over-quarter to $629M.

Based on Covenant Asset Management's 13F filing for Q2 2024, filed 2 Aug 2024.