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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
-16.73%
1 Year Est. Return
+38.14%
3 Year Est. Return
+158.45%
5 Year Est. Return
+212.83%
10 Year Est. Return
–
AUM
$315M
AUM Growth
-$55.3M
(-15%)
Cap. Flow
-$38.2M
Cap. Flow
% of AUM
-12.15%
Top 10 Holdings %
Top 10 Hldgs %
28.96%
Holding
159
New
6
Increased
42
Reduced
46
Closed
18
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Broadcom
AVGO
|
+$2.93M |
| 2 |
Vertex Pharmaceuticals
VRTX
|
+$2.86M |
| 3 |
L3Harris
LHX
|
+$2.68M |
| 4 |
Enphase Energy
ENPH
|
+$2.6M |
| 5 |
Eli Lilly
LLY
|
+$2.55M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ameresco
AMRC
|
+$4.84M |
| 2 |
Intuitive Surgical
ISRG
|
+$2.86M |
| 3 |
Boeing
BA
|
+$2.43M |
| 4 |
Regeneron Pharmaceuticals
REGN
|
+$2.02M |
| 5 |
Amazon
AMZN
|
+$1.68M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 30.83% |
| 2 | Healthcare | 14.12% |
| 3 | Industrials | 8.82% |
| 4 | Consumer Discretionary | 6.78% |
| 5 | Communication Services | 6.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Microsoft
MSFT
$2.99T
| $21.5M | 6.84% |
83,789
-57
| -0.1% | -$15.5K |
|
2
Apple
AAPL
$4.8T
| $17.7M | 5.63% |
129,628
-1,609
| -1% | -$244K |
|
|
3
Amazon
AMZN
$2.69T
| $8.97M | 2.85% |
84,460
-13,460
| -14% | -$1.68M |
|
4
PUT
Lockheed Martin
LMT
$117B
| – | – |
0
| – | – |
|
5
Alphabet (Google) Class A
GOOGL
$4.3T
| $7.03M | 2.23% |
64,520
+1,700
| +3% | +$200K |
|
|
6
PUT
Alphabet (Google) Class A
GOOGL
$4.3T
| – | – |
-60,000
| Closed | -$7.06M |
|
7
Merck
MRK
$307B
| $5.72M | 1.82% |
62,715
-96
| -0.2% | -$8.51K |
|
8
Trade Desk
TTD
$8.76B
| $5.69M | 1.81% |
135,825
-25,862
| -16% | -$1.42M |
|
9
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$781B
| – | – |
0
| – | – |
|
|
10
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$781B
| – | – |
0
| – | – |
|
|
11
Regeneron Pharmaceuticals
REGN
$70.5B
| $5.02M | 1.59% |
8,488
-3,114
| -27% | -$2.02M |
|
|
12
PUT
Broadcom
AVGO
$1.8T
| – | – |
0
| – | – |
|
13
UnitedHealth
UNH
$383B
| $4.82M | 1.53% |
9,374
-78
| -0.8% | -$39.2K |
|
14
Synopsys
SNPS
$72.5B
| $4.8M | 1.52% |
15,799
-275
| -2% | -$83K |
|
15
Qualcomm
QCOM
$180B
| $4.6M | 1.46% |
36,025
-563
| -2% | -$76.5K |
|
16
Monolithic Power Systems
MPWR
$65.3B
| $4.59M | 1.46% |
11,961
-369
| -3% | -$156K |
|
17
PUT
Deere & Co
DE
$158B
| – | – |
0
| – | – |
|
18
NVIDIA
NVDA
$4.92T
| $4.47M | 1.42% |
294,660
-87,220
| -23% | -$1.65M |
|
19
CALL
Invesco QQQ Trust
QQQ
$463B
| – | – |
-25,000
| Closed | -$7.76M |
|
|
20
PUT
Invesco QQQ Trust
QQQ
$463B
| – | – |
-25,000
| Closed | -$7.76M |
|
21
Automatic Data Processing
ADP
$102B
| $4.17M | 1.32% |
19,843
+10
| +0.1% | +$2.19K |
|
22
Textron
TXT
$15.8B
| $4.13M | 1.31% |
67,549
-1,130
| -2% | -$74.1K |
|
23
AbbVie
ABBV
$448B
| $3.78M | 1.2% |
24,672
+239
| +1% | +$36.5K |
|
24
PUT
ServiceNow
NOW
$108B
| – | – |
-28,500
| Closed | -$2.72M |
|
25
ASML
ASML
$668B
| $3.65M | 1.16% |
7,672
-2,566
| -25% | -$1.43M |
|
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Covenant Asset Management's Q2 2022 Portfolio in Review
As of Q2 2022, Covenant Asset Management held 159 positions worth $315M, down 15% from $370M the previous quarter. Its ten largest holdings account for 29% of the portfolio.
Covenant Asset Management withdrew a net $38.2M in Q2 2022, closing 18 positions and reducing 46 holdings. Its most notable exit was Ameresco, an estimated $4.84M position sold in full.
By sector, the portfolio is most concentrated in Technology at 31% of assets, down from 35% a quarter earlier, followed by Healthcare and Industrials.
Against the trend, Covenant Asset Management opened a new position in Vertex Pharmaceuticals worth $3.01M.
- Covenant Asset Management's largest Q2 2022 buy was Vertex Pharmaceuticals: 10,680 shares worth $3.01M.
- Covenant Asset Management added most to Broadcom in Q2 2022, an estimated $2.93M increase.
- Covenant Asset Management's biggest Q2 2022 reduction was Intuitive Surgical, cutting an estimated $2.86M.
- Covenant Asset Management fully exited Ameresco in Q2 2022, selling an estimated $4.84M.
- Covenant Asset Management's ten largest holdings make up 29% of its $315M portfolio in Q2 2022.
- Covenant Asset Management opened 6 new positions and closed 18 in Q2 2022.
- Covenant Asset Management's portfolio value fell 15% quarter-over-quarter to $315M.
Based on Covenant Asset Management's 13F filing for Q2 2022, filed 21 Jul 2022.