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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
+13.3%
1 Year Est. Return
+38.14%
3 Year Est. Return
+158.45%
5 Year Est. Return
+212.83%
10 Year Est. Return
–
AUM
$394M
AUM Growth
-$26.1M
Cap. Flow
-$48.1M
Cap. Flow %
-12.2%
Top 10 Hldgs %
31.57%
Holding
175
New
1
Increased
56
Reduced
41
Closed
8

Top Buys

Rank Stock Value
1
TDG icon
TransDigm Group
TDG
+$3.38M
2
ISRG icon
Intuitive Surgical
ISRG
+$3.01M
3
REGN icon
Regeneron Pharmaceuticals
REGN
+$2.93M
4
IDXX icon
Idexx Laboratories
IDXX
+$1.5M
5
NOW icon
ServiceNow
NOW
+$1.31M

Top Sells

Rank Stock Value
1
UTHR icon
United Therapeutics
UTHR
+$3.14M
2
RTX icon
RTX Corp
RTX
+$2.38M
3
STAA icon
STAAR Surgical
STAA
+$2.12M
4
URI icon
United Rentals
URI
+$1.87M
5
GNRC icon
Generac Holdings
GNRC
+$1.83M

Sector Composition

Rank Sector Weight
1 Technology 34.9%
2 Healthcare 12.99%
3 Industrials 8.37%
4 Consumer Discretionary 7.56%
5 Communication Services 6.57%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MSFT icon
1
Microsoft
MSFT
$2.99T
$26.5M 6.73%
77,910
+32
+0% +$10K
AAPL icon
2
Apple
AAPL
$4.8T
$20M 5.06%
102,889
-62
-0.1% -$10.8K
NVDA icon
3
NVIDIA
NVDA
$4.92T
$13.3M 3.37%
313,830
-3,910
-1% -$130K
AMZN icon
4
Amazon
AMZN
$2.69T
$12.3M 3.13%
94,555
-971
-1% -$111K
CMG icon
5
PUT
Chipotle Mexican Grill
CMG
$42.5B
– –
0
– –
TTD icon
6
Trade Desk
TTD
$8.76B
$10.7M 2.71%
138,150
+68
+0% +$4.6K
ASML icon
7
PUT
ASML
ASML
$668B
– –
0
– –
MRK icon
8
Merck
MRK
$307B
$7.32M 1.86%
63,412
-200
-0.3% -$22.7K
GOOGL icon
9
Alphabet (Google) Class A
GOOGL
$4.3T
$7.12M 1.81%
59,484
-19
-0% -$2.19K
SHOP icon
10
Shopify
SHOP
$162B
$6.98M 1.77%
108,047
+766
+0.7% +$43.3K
PANW icon
11
Palo Alto Networks
PANW
$284B
$6.45M 1.64%
50,504
+1,606
+3% +$167K
AVGO icon
12
Broadcom
AVGO
$1.8T
$6.34M 1.61%
73,070
+4,810
+7% +$343K
ASML icon
13
ASML
ASML
$668B
$5.85M 1.48%
8,075
+321
+4% +$218K
AVGO icon
14
PUT
Broadcom
AVGO
$1.8T
– –
0
– –
QCOM icon
15
Qualcomm
QCOM
$180B
$5.55M 1.41%
46,642
+508
+1% +$58.4K
SNPS icon
16
Synopsys
SNPS
$72.5B
$5.39M 1.37%
12,386
-21
-0.2% -$8.46K
LLY icon
17
Eli Lilly
LLY
$1.02T
$5.37M 1.36%
11,460
-38
-0.3% -$15.9K
CMG icon
18
CALL
Chipotle Mexican Grill
CMG
$42.5B
– –
0
– –
PWR icon
19
Quanta Services
PWR
$94.9B
$5.34M 1.35%
27,159
-244
-0.9% -$42.6K
SEDG icon
20
SolarEdge
SEDG
$2.96B
$5.25M 1.33%
19,500
+4,000
+26% +$1.15M
AMD icon
21
Advanced Micro Devices
AMD
$821B
$4.9M 1.24%
43,020
-2,203
-5% -$229K
DE icon
22
Deere & Co
DE
$158B
$4.77M 1.21%
11,760
+196
+2% +$75K
SEDG icon
23
PUT
SolarEdge
SEDG
$2.96B
– –
0
– –
ON icon
24
ON Semiconductor
ON
$33.7B
$4.59M 1.16%
48,481
-1,080
-2% -$89.3K
ODFL icon
25
Old Dominion Freight Line
ODFL
$48.2B
$4.44M 1.13%
24,034
+196
+0.8% +$31.7K
1
2 3 4 5

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Covenant Asset Management's Q2 2023 Portfolio in Review

As of Q2 2023, Covenant Asset Management held 175 positions worth $394M, down 6.2% from $420M the previous quarter. Its ten largest holdings account for 32% of the portfolio.

Covenant Asset Management withdrew a net $48.1M in Q2 2023, closing 8 positions and reducing 41 holdings. Its most notable exit was United Therapeutics, an estimated $3.14M position sold in full.

By sector, the portfolio is most concentrated in Technology at 35% of assets, up from 28% a quarter earlier, followed by Healthcare and Industrials.

Against the trend, Covenant Asset Management opened a new position in TransDigm Group worth $3.82M.

  • Covenant Asset Management's largest Q2 2023 buy was TransDigm Group: 4,274 shares worth $3.82M.
  • Covenant Asset Management added most to Intuitive Surgical in Q2 2023, an estimated $3.01M increase.
  • Covenant Asset Management's biggest Q2 2023 reduction was RTX Corp, cutting an estimated $2.38M.
  • Covenant Asset Management fully exited United Therapeutics in Q2 2023, selling an estimated $3.14M.
  • Covenant Asset Management's ten largest holdings make up 32% of its $394M portfolio in Q2 2023.
  • Covenant Asset Management opened 1 new position and closed 8 in Q2 2023.
  • Covenant Asset Management's portfolio value fell 6.2% quarter-over-quarter to $394M.

Based on Covenant Asset Management's 13F filing for Q2 2023, filed 12 Jul 2023.