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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
+14.51%
1 Year Est. Return
+38.14%
3 Year Est. Return
+158.45%
5 Year Est. Return
+212.83%
10 Year Est. Return
–
AUM
$420M
AUM Growth
+$1.42M
Cap. Flow
-$61M
Cap. Flow %
-14.52%
Top 10 Hldgs %
32.58%
Holding
187
New
10
Increased
54
Reduced
53
Closed
9

Top Buys

Rank Stock Value
1
ROK icon
Rockwell Automation
ROK
+$3.39M
2
KLAC icon
KLA
KLAC
+$2.77M
3
BA icon
Boeing
BA
+$2.42M
4
RTX icon
RTX Corp
RTX
+$2.22M
5
URI icon
United Rentals
URI
+$1.98M

Top Sells

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$3.74M
2
MSFT icon
Microsoft
MSFT
+$3.3M
3
AMAT icon
Applied Materials
AMAT
+$2.68M
4
HII icon
Huntington Ingalls Industries
HII
+$2.31M
5
LHX icon
L3Harris
LHX
+$2.09M

Sector Composition

Rank Sector Weight
1 Technology 27.76%
2 Healthcare 11.18%
3 Industrials 7.84%
4 Consumer Discretionary 6.29%
5 Communication Services 5.04%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LMT icon
176
CALL
Lockheed Martin
LMT
$134B
– –
0
– -$7.3M
LMT icon
177
PUT
Lockheed Martin
LMT
$134B
– –
0
– -$2.43M
MUB icon
178
iShares National Muni Bond ETF
MUB
$45.1B
– –
-4,174
Closed -$440K
NOW icon
179
CALL
ServiceNow
NOW
$115B
– –
0
– -$9.05M
PANW icon
180
PUT
Palo Alto Networks
PANW
$270B
– –
0
– -$4.88M
QQQ icon
181
PUT
Invesco QQQ Trust
QQQ
$461B
– –
0
– -$5.33M
REGN icon
182
CALL
Regeneron Pharmaceuticals
REGN
$78.5B
– –
0
– -$9.88M
SHOP icon
183
PUT
Shopify
SHOP
$152B
– –
0
– -$989K
SPG icon
184
Simon Property Group
SPG
$74.4B
– –
-2,000
Closed -$235K
SPIP icon
185
State Street SPDR Portfolio TIPS ETF
SPIP
$1.01B
– –
-19,194
Closed -$494K
WSM icon
186
Williams-Sonoma
WSM
$26.9B
– –
-3,982
Closed -$229K
PXD
187
PUT
DELISTED
Pioneer Natural Resource Co.
PXD
– –
0
– -$7.99M
4 5 6 7
8

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Covenant Asset Management's Q1 2023 Portfolio in Review

As of Q1 2023, Covenant Asset Management held 187 positions worth $420M, up 0.34% from $419M the previous quarter. Its ten largest holdings account for 33% of the portfolio.

Covenant Asset Management withdrew a net $61M in Q1 2023, closing 9 positions and reducing 53 holdings. Its most notable exit was Huntington Ingalls Industries, an estimated $2.31M position sold in full.

By sector, the portfolio is most concentrated in Technology at 28% of assets, up from 24% a quarter earlier, followed by Healthcare and Industrials.

Against the trend, Covenant Asset Management opened a new position in Rockwell Automation worth $3.5M.

  • Covenant Asset Management's largest Q1 2023 buy was Rockwell Automation: 11,916 shares worth $3.5M.
  • Covenant Asset Management added most to Boeing in Q1 2023, an estimated $2.42M increase.
  • Covenant Asset Management's biggest Q1 2023 reduction was Apple, cutting an estimated $3.74M.
  • Covenant Asset Management fully exited Huntington Ingalls Industries in Q1 2023, selling an estimated $2.31M.
  • Covenant Asset Management's ten largest holdings make up 33% of its $420M portfolio in Q1 2023.
  • Covenant Asset Management opened 10 new positions and closed 9 in Q1 2023.
  • Covenant Asset Management's portfolio value rose 0.34% quarter-over-quarter to $420M.

Based on Covenant Asset Management's 13F filing for Q1 2023, filed 27 Apr 2023.