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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
MSFT icon
1
Microsoft
MSFT
$2.83T
$22.5M 5.34%
77,878
-12,918
-14% -$3.3M
CMG icon
2
CALL
Chipotle Mexican Grill
CMG
$41.1B
– –
0
– –
CMG icon
3
PUT
Chipotle Mexican Grill
CMG
$41.1B
– –
0
– –
AAPL icon
4
Apple
AAPL
$4.72T
$17M 4.04%
102,951
-25,345
-20% -$3.74M
AVGO icon
5
CALL
Broadcom
AVGO
$1.87T
– –
0
– –
ASML icon
6
CALL
ASML
ASML
$693B
– –
0
– –
ASML icon
7
PUT
ASML
ASML
$693B
– –
0
– –
AMZN icon
8
Amazon
AMZN
$2.51T
$9.87M 2.35%
95,526
-727
-0.8% -$70.2K
NVDA icon
9
NVIDIA
NVDA
$5.06T
$8.83M 2.1%
317,740
+10,000
+3% +$216K
TTD icon
10
Trade Desk
TTD
$7.89B
$8.41M 2%
138,082
-452
-0.3% -$24.1K
COST icon
11
PUT
Costco
COST
$411B
– –
0
– –
MRK icon
12
Merck
MRK
$322B
$6.77M 1.61%
63,612
+497
+0.8% +$53.7K
DE icon
13
PUT
Deere & Co
DE
$165B
– –
0
– –
GOOGL icon
14
Alphabet (Google) Class A
GOOGL
$3.89T
$6.17M 1.47%
59,503
-1,572
-3% -$151K
QCOM icon
15
Qualcomm
QCOM
$180B
$5.89M 1.4%
46,134
+52
+0.1% +$6.46K
ASML icon
16
ASML
ASML
$693B
$5.28M 1.26%
7,754
-3
-0% -$1.93K
SEDG icon
17
PUT
SolarEdge
SEDG
$2.75B
– –
0
– –
SHOP icon
18
Shopify
SHOP
$145B
$5.14M 1.22%
107,281
+2,242
+2% +$98.6K
SPY icon
19
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$777B
– –
0
– –
PANW icon
20
Palo Alto Networks
PANW
$265B
$4.88M 1.16%
48,898
+2,598
+6% +$220K
ULTA icon
21
Ulta Beauty
ULTA
$20.5B
$4.81M 1.14%
8,808
-64
-0.7% -$32.8K
SNPS icon
22
Synopsys
SNPS
$71.5B
$4.79M 1.14%
12,407
+60
+0.5% +$21.4K
DE icon
23
Deere & Co
DE
$165B
$4.77M 1.14%
11,564
+918
+9% +$380K
SEDG icon
24
SolarEdge
SEDG
$2.75B
$4.71M 1.12%
15,500
-5,000
-24% -$1.52M
PWR icon
25
Quanta Services
PWR
$98.1B
$4.57M 1.09%
27,403
-668
-2% -$103K
1
2 3 4 5

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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.