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Covenant Asset Management Portfolio holdings
AUM
$664M
1-Year Est. Return
41.05%
This Fund
S&P 500
This Quarter
Est. Return
+6.8%
1 Year Est. Return
+41.05%
3 Year Est. Return
+137.61%
5 Year Est. Return
+188.95%
10 Year Est. Return
–
AUM
$148M
AUM Growth
-$706K
(-0.47%)
Cap. Flow
-$8.6M
Cap. Flow
% of AUM
-5.8%
Top 10 Holdings %
Top 10 Hldgs %
24.13%
Holding
150
New
22
Increased
31
Reduced
72
Closed
20
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Citizens Financial Group
CFG
|
+$1.75M |
| 2 |
Netflix
NFLX
|
+$1.7M |
| 3 |
Regions Financial
RF
|
+$1.64M |
| 4 |
Huntington Ingalls Industries
HII
|
+$1.5M |
| 5 |
Vanguard Real Estate ETF
VNQ
|
+$1.49M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Eagle Bancorp
EGBN
|
+$2.34M |
| 2 |
Starbucks
SBUX
|
+$2.25M |
| 3 |
Acuity Brands
AYI
|
+$1.98M |
| 4 |
Visa
V
|
+$1.89M |
| 5 |
CXP
COLUMBIA PROPERTY TRUST, INC.
CXP
|
+$1.77M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 16.91% |
| 2 | Technology | 16.14% |
| 3 | Financials | 12.69% |
| 4 | Communication Services | 10.55% |
| 5 | Industrials | 8.71% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Apple
AAPL
$4.78T
| $5.23M | 3.52% |
145,512
-39,500
| -21% | -$1.3M |
|
2
Meta Platforms (Facebook)
META
$1.64T
| $4.23M | 2.85% |
29,755
-3,683
| -11% | -$492K |
|
3
Merck
MRK
$310B
| $4.04M | 2.72% |
66,593
-5,607
| -8% | -$340K |
|
4
Microsoft
MSFT
$2.96T
| $3.82M | 2.58% |
58,052
-335
| -0.6% | -$21.5K |
|
|
CELG
5
DELISTED
Celgene Corp
CELG
| $3.72M | 2.51% |
29,881
-4,438
| -13% | -$531K |
|
6
Alphabet (Google) Class A
GOOGL
$4.35T
| $3.62M | 2.44% |
85,300
-660
| -0.8% | -$27.8K |
|
7
Broadcom
AVGO
$1.82T
| $3.06M | 2.07% |
139,920
+1,440
| +1% | +$29.7K |
|
8
EOG Resources
EOG
$75.1B
| $2.72M | 1.83% |
27,897
-3,409
| -11% | -$340K |
|
9
Amazon
AMZN
$2.71T
| $2.69M | 1.82% |
60,740
-3,120
| -5% | -$130K |
|
|
FRC
10
DELISTED
First Republic Bank
FRC
| $2.66M | 1.79% |
28,377
+968
| +4% | +$91.1K |
|
11
Johnson & Johnson
JNJ
$604B
| $2.34M | 1.58% |
18,791
-1,875
| -9% | -$224K |
|
|
12
Vanguard Real Estate ETF
VNQ
$39.4B
| $2.23M | 1.5% |
26,997
+17,974
| +199% | +$1.49M |
|
13
Adobe
ADBE
$92.3B
| $2.2M | 1.48% |
16,885
-645
| -4% | -$75.7K |
|
|
14
Netflix
NFLX
$285B
| $2.2M | 1.48% |
148,630
+121,130
| +440% | +$1.7M |
|
|
ALXN
15
DELISTED
Alexion Pharmaceuticals
ALXN
| $2.16M | 1.46% |
17,834
+734
| +4% | +$94.6K |
|
16
Walt Disney
DIS
$168B
| $2.14M | 1.44% |
18,894
-1,837
| -9% | -$202K |
|
17
Raymond James Financial
RJF
$32.7B
| $2.13M | 1.44% |
41,894
-4,270
| -9% | -$217K |
|
18
Evercore
EVR
$12.9B
| $2.13M | 1.43% |
27,297
-2,621
| -9% | -$203K |
|
19
Axos Financial
AX
$5.59B
| $2.05M | 1.38% |
78,443
-3,095
| -4% | -$89.4K |
|
|
BYM
20
DELISTED
BlackRock Municipal Income Quality Trust
BYM
| $2.04M | 1.37% |
146,155
+4,750
| +3% | +$66.3K |
|
21
Honeywell
HON
$72B
| $2M | 1.35% |
17,719
-1,057
| -6% | -$117K |
|
|
22
Citizens Financial Group
CFG
$30.4B
| $1.98M | 1.34% |
57,380
+48,010
| +512% | +$1.75M |
|
|
PXD
23
DELISTED
Pioneer Natural Resource Co.
PXD
| $1.95M | 1.31% |
10,459
-447
| -4% | -$82.9K |
|
24
Vanguard Value ETF
VTV
$186B
| $1.93M | 1.3% |
20,263
+12,516
| +162% | +$1.19M |
|
25
Palo Alto Networks
PANW
$293B
| $1.92M | 1.29% |
102,180
-72,054
| -41% | -$1.61M |
|
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Covenant Asset Management's Q1 2017 Portfolio in Review
As of Q1 2017, Covenant Asset Management held 150 positions worth $148M, down 0.47% from $149M the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Covenant Asset Management withdrew a net $8.6M in Q1 2017, closing 20 positions and reducing 72 holdings. Its most notable exit was Eagle Bancorp, an estimated $2.34M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 17% of assets, down from 18% a quarter earlier, followed by Technology and Financials.
Against the trend, Covenant Asset Management opened a new position in Regions Financial worth $1.62M.
- Covenant Asset Management's largest Q1 2017 buy was Regions Financial: 111,470 shares worth $1.62M.
- Covenant Asset Management added most to Citizens Financial Group in Q1 2017, an estimated $1.75M increase.
- Covenant Asset Management's biggest Q1 2017 reduction was Starbucks, cutting an estimated $2.25M.
- Covenant Asset Management fully exited Eagle Bancorp in Q1 2017, selling an estimated $2.34M.
- Covenant Asset Management's ten largest holdings make up 24% of its $148M portfolio in Q1 2017.
- Covenant Asset Management opened 22 new positions and closed 20 in Q1 2017.
- Covenant Asset Management's portfolio value fell 0.47% quarter-over-quarter to $148M.
Based on Covenant Asset Management's 13F filing for Q1 2017, filed 21 Apr 2017.