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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
+7.21%
1 Year Est. Return
+38.14%
3 Year Est. Return
+158.45%
5 Year Est. Return
+212.83%
10 Year Est. Return
–
AUM
$419M
AUM Growth
+$68.1M
Cap. Flow
-$17.8M
Cap. Flow %
-4.24%
Top 10 Hldgs %
28.3%
Holding
181
New
17
Increased
60
Reduced
41
Closed
6

Top Buys

Rank Stock Value
1
SEDG icon
SolarEdge
SEDG
+$5.44M
2
PWR icon
Quanta Services
PWR
+$3.99M
3
FANG icon
Diamondback Energy
FANG
+$3.04M
4
QQQ icon
Invesco QQQ Trust
QQQ
+$2.19M
5
EOG icon
EOG Resources
EOG
+$1.79M

Top Sells

Rank Stock Value
1
REGN icon
Regeneron Pharmaceuticals
REGN
+$21.1M
2
MPWR icon
Monolithic Power Systems
MPWR
+$3.63M
3
CCI icon
Crown Castle
CCI
+$1.99M
4
ZBRA icon
Zebra Technologies
ZBRA
+$1.79M
5
SCHP icon
Schwab US TIPS ETF
SCHP
+$1.1M

Sector Composition

Rank Sector Weight
1 Technology 24.22%
2 Healthcare 10.85%
3 Industrials 6.49%
4 Consumer Discretionary 5.61%
5 Communication Services 4.14%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
QQQ icon
176
CALL
Invesco QQQ Trust
QQQ
$453B
– –
0
– -$5.34M
TFC icon
177
Truist Financial
TFC
$63.3B
– –
-10,489
Closed -$457K
TSLA icon
178
Tesla
TSLA
$1.23T
– –
-1,542
Closed -$292K
ZBRA icon
179
Zebra Technologies
ZBRA
$14B
– –
-6,839
Closed -$1.79M
HYT.RT
180
DELISTED
BlackRock Corporate High Yield Fund, Inc. Rights (expiring October 13, 2022)
HYT.RT
– –
-167,650
Closed –
DRE
181
DELISTED
Duke Realty Corp.
DRE
– –
-4,910
Closed -$237K
4 5 6 7
8

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Covenant Asset Management's Q4 2022 Portfolio in Review

As of Q4 2022, Covenant Asset Management held 181 positions worth $419M, up 19% from $351M the previous quarter. Its ten largest holdings account for 28% of the portfolio.

Covenant Asset Management withdrew a net $17.8M in Q4 2022, closing 6 positions and reducing 41 holdings. Its most notable exit was Monolithic Power Systems, an estimated $3.63M position sold in full.

By sector, the portfolio is most concentrated in Technology at 24% of assets, down from 26% a quarter earlier, followed by Healthcare and Industrials.

Against the trend, Covenant Asset Management opened a new position in SolarEdge worth $5.81M.

  • Covenant Asset Management's largest Q4 2022 buy was SolarEdge: 20,500 shares worth $5.81M.
  • Covenant Asset Management added most to EOG Resources in Q4 2022, an estimated $1.79M increase.
  • Covenant Asset Management's biggest Q4 2022 reduction was Regeneron Pharmaceuticals, cutting an estimated $21.1M.
  • Covenant Asset Management fully exited Monolithic Power Systems in Q4 2022, selling an estimated $3.63M.
  • Covenant Asset Management's ten largest holdings make up 28% of its $419M portfolio in Q4 2022.
  • Covenant Asset Management opened 17 new positions and closed 6 in Q4 2022.
  • Covenant Asset Management's portfolio value rose 19% quarter-over-quarter to $419M.

Based on Covenant Asset Management's 13F filing for Q4 2022, filed 24 Jan 2023.