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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
+17.77%
1 Year Est. Return
+38.14%
3 Year Est. Return
+158.45%
5 Year Est. Return
+212.83%
10 Year Est. Return
–
AUM
$190M
AUM Growth
-$8.15M
(-4.1%)
Cap. Flow
-$13.2M
Cap. Flow
% of AUM
-6.93%
Top 10 Holdings %
Top 10 Hldgs %
28.75%
Holding
157
New
20
Increased
27
Reduced
73
Closed
22
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Trade Desk
TTD
|
+$2.6M |
| 2 |
Intuit
INTU
|
+$2.27M |
| 3 |
Etsy
ETSY
|
+$1.87M |
| 4 |
Boeing
BA
|
+$1.77M |
| 5 |
Idexx Laboratories
IDXX
|
+$1.26M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ligand Pharmaceuticals
LGND
|
+$2.85M |
| 2 |
Raymond James Financial
RJF
|
+$2.44M |
| 3 |
State Street SPDR S&P Biotech ETF
XBI
|
+$2.3M |
| 4 |
RTN
Raytheon Company
RTN
|
+$2.23M |
| 5 |
BYM
BlackRock Municipal Income Quality Trust
BYM
|
+$2.14M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.51% |
| 2 | Healthcare | 16.62% |
| 3 | Communication Services | 10.98% |
| 4 | Financials | 9.26% |
| 5 | Consumer Discretionary | 6.52% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Amazon
AMZN
$2.69T
| $7.42M | 3.9% |
83,320
-760
| -0.9% | -$63.2K |
|
2
Microsoft
MSFT
$2.99T
| $6.84M | 3.6% |
58,041
-1,804
| -3% | -$197K |
|
3
Apple
AAPL
$4.8T
| $6.2M | 3.26% |
130,564
-21,812
| -14% | -$925K |
|
|
4
PUT
Amazon
AMZN
$2.69T
| $5.34M | 2.81% |
60,000
-40,000
| -40% | -$3.33M |
|
5
Merck
MRK
$307B
| $5.16M | 2.71% |
65,021
+68
| +0.1% | +$5.09K |
|
6
Palo Alto Networks
PANW
$284B
| $5.09M | 2.68% |
125,814
-2,064
| -2% | -$76.6K |
|
7
Netflix
NFLX
$285B
| $4.99M | 2.62% |
139,940
-6,200
| -4% | -$215K |
|
8
Alphabet (Google) Class A
GOOGL
$4.3T
| $4.92M | 2.58% |
83,560
-1,100
| -1% | -$62.1K |
|
9
Meta Platforms (Facebook)
META
$1.64T
| $4.5M | 2.37% |
27,020
-4,136
| -13% | -$658K |
|
10
Visa
V
$686B
| $4.25M | 2.23% |
27,189
+216
| +0.8% | +$31.1K |
|
11
Adobe
ADBE
$93.3B
| $3.83M | 2.01% |
14,369
-1,694
| -11% | -$427K |
|
12
Vertex Pharmaceuticals
VRTX
$122B
| $3.33M | 1.75% |
18,115
+66
| +0.4% | +$12.2K |
|
|
13
Trade Desk
TTD
$8.76B
| $3.15M | 1.65% |
+158,870
| New | +$2.6M |
|
|
14
Boeing
BA
$165B
| $3M | 1.57% |
7,855
+4,589
| +141% | +$1.77M |
|
|
XYZ
15
Block Inc
XYZ
$47.2B
| $2.83M | 1.49% |
37,783
+3,082
| +9% | +$223K |
|
16
Automatic Data Processing
ADP
$102B
| $2.77M | 1.46% |
17,341
-48
| -0.3% | -$6.97K |
|
17
PayPal
PYPL
$50.1B
| $2.73M | 1.43% |
26,240
+724
| +3% | +$68.5K |
|
|
18
Intuit
INTU
$80.4B
| $2.57M | 1.35% |
+9,834
| New | +$2.27M |
|
19
Johnson & Johnson
JNJ
$599B
| $2.56M | 1.35% |
18,341
-1,000
| -5% | -$134K |
|
|
FRC
20
DELISTED
First Republic Bank
FRC
| $2.53M | 1.33% |
25,177
-1,179
| -4% | -$116K |
|
21
Workday
WDAY
$36.4B
| $2.5M | 1.31% |
12,952
+1,299
| +11% | +$236K |
|
22
Evercore
EVR
$12.9B
| $2.36M | 1.24% |
25,933
-1,566
| -6% | -$138K |
|
23
Illumina
ILMN
$27.9B
| $2.29M | 1.21% |
7,592
+226
| +3% | +$65.9K |
|
24
Intuitive Surgical
ISRG
$125B
| $2.27M | 1.19% |
11,946
+228
| +2% | +$40.5K |
|
25
EOG Resources
EOG
$75.1B
| $2.23M | 1.17% |
23,472
-1,457
| -6% | -$139K |
|
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Covenant Asset Management's Q1 2019 Portfolio in Review
As of Q1 2019, Covenant Asset Management held 157 positions worth $190M, down 4.1% from $198M the previous quarter. Its ten largest holdings account for 29% of the portfolio.
Covenant Asset Management withdrew a net $13.2M in Q1 2019, closing 22 positions and reducing 73 holdings. Its most notable exit was Ligand Pharmaceuticals, an estimated $2.85M position sold in full.
By sector, the portfolio is most concentrated in Technology at 23% of assets, up from 21% a quarter earlier, followed by Healthcare and Communication Services.
Against the trend, Covenant Asset Management opened a new position in Trade Desk worth $3.15M.
- Covenant Asset Management's largest Q1 2019 buy was Trade Desk: 158,870 shares worth $3.15M.
- Covenant Asset Management added most to Boeing in Q1 2019, an estimated $1.77M increase.
- Covenant Asset Management's biggest Q1 2019 reduction was State Street SPDR S&P Biotech ETF, cutting an estimated $2.3M.
- Covenant Asset Management fully exited Ligand Pharmaceuticals in Q1 2019, selling an estimated $2.85M.
- Covenant Asset Management's ten largest holdings make up 29% of its $190M portfolio in Q1 2019.
- Covenant Asset Management opened 20 new positions and closed 22 in Q1 2019.
- Covenant Asset Management's portfolio value fell 4.1% quarter-over-quarter to $190M.
Based on Covenant Asset Management's 13F filing for Q1 2019, filed 26 Apr 2019.