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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
-2.65%
1 Year Est. Return
+38.14%
3 Year Est. Return
+158.45%
5 Year Est. Return
+212.83%
10 Year Est. Return
–
AUM
$379M
AUM Growth
-$14.8M
(-3.8%)
Cap. Flow
-$33.7M
Cap. Flow
% of AUM
-8.87%
Top 10 Holdings %
Top 10 Hldgs %
36.31%
Holding
165
New
5
Increased
46
Reduced
45
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Regeneron Pharmaceuticals
REGN
|
+$1.52M |
| 2 |
Deere & Co
DE
|
+$1.26M |
| 3 |
Neurocrine Biosciences
NBIX
|
+$1.22M |
| 4 |
Uber
UBER
|
+$1.05M |
| 5 |
S&P Global
SPGI
|
+$611K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DexCom
DXCM
|
+$3.87M |
| 2 |
UnitedHealth
UNH
|
+$1.17M |
| 3 |
SolarEdge
SEDG
|
+$767K |
| 4 |
Amazon
AMZN
|
+$412K |
| 5 |
MMP
Magellan Midstream Partners, L.P.
MMP
|
+$386K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 33.6% |
| 2 | Healthcare | 12.81% |
| 3 | Industrials | 8.48% |
| 4 | Consumer Discretionary | 7.28% |
| 5 | Communication Services | 6.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
CALL
Chipotle Mexican Grill
CMG
$42.5B
| – | – |
0
| – | – |
|
2
Microsoft
MSFT
$2.99T
| $24.6M | 6.49% |
77,965
+55
| +0.1% | +$18.2K |
|
3
Apple
AAPL
$4.8T
| $17.6M | 4.65% |
103,037
+148
| +0.1% | +$27.1K |
|
4
NVIDIA
NVDA
$4.92T
| $14.1M | 3.72% |
324,650
+10,820
| +3% | +$485K |
|
|
5
PUT
Chipotle Mexican Grill
CMG
$42.5B
| – | – |
0
| – | – |
|
|
6
Amazon
AMZN
$2.69T
| $11.6M | 3.07% |
91,480
-3,075
| -3% | -$412K |
|
7
Trade Desk
TTD
$8.76B
| $10.8M | 2.84% |
137,904
-246
| -0.2% | -$19.9K |
|
8
Alphabet (Google) Class A
GOOGL
$4.3T
| $7.78M | 2.05% |
59,467
-17
| -0% | -$2.2K |
|
9
Merck
MRK
$307B
| $6.53M | 1.72% |
63,412
| – | – |
|
10
Eli Lilly
LLY
$1.02T
| $6.17M | 1.63% |
11,485
+25
| +0.2% | +$12.9K |
|
11
Broadcom
AVGO
$1.8T
| $6.08M | 1.6% |
73,190
+120
| +0.2% | +$10.4K |
|
12
Palo Alto Networks
PANW
$284B
| $5.94M | 1.57% |
50,686
+182
| +0.4% | +$21.5K |
|
13
Shopify
SHOP
$162B
| $5.89M | 1.55% |
107,999
-48
| -0% | -$2.91K |
|
14
Synopsys
SNPS
$72.5B
| $5.65M | 1.49% |
12,309
-77
| -0.6% | -$34.5K |
|
|
15
Deere & Co
DE
$158B
| $5.59M | 1.47% |
14,815
+3,055
| +26% | +$1.26M |
|
16
Qualcomm
QCOM
$180B
| $5.18M | 1.37% |
46,670
+28
| +0.1% | +$3.25K |
|
17
Quanta Services
PWR
$94.9B
| $5.06M | 1.34% |
27,074
-85
| -0.3% | -$17K |
|
|
18
Regeneron Pharmaceuticals
REGN
$70.5B
| $5.06M | 1.33% |
6,144
+1,940
| +46% | +$1.52M |
|
19
Old Dominion Freight Line
ODFL
$48.2B
| $4.9M | 1.29% |
23,958
-76
| -0.3% | -$15.4K |
|
20
Automatic Data Processing
ADP
$102B
| $4.81M | 1.27% |
20,014
+110
| +0.6% | +$26.8K |
|
21
ASML
ASML
$668B
| $4.8M | 1.27% |
8,157
+82
| +1% | +$54.5K |
|
22
Advanced Micro Devices
AMD
$821B
| $4.5M | 1.19% |
43,766
+746
| +2% | +$81K |
|
23
JPMorgan Chase
JPM
$901B
| $4.36M | 1.15% |
30,054
+133
| +0.4% | +$19.9K |
|
24
ON Semiconductor
ON
$33.7B
| $4.26M | 1.12% |
45,795
-2,686
| -6% | -$261K |
|
25
Cheniere Energy
LNG
$55.5B
| $4.22M | 1.11% |
25,432
-143
| -0.6% | -$23.1K |
|
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Covenant Asset Management's Q3 2023 Portfolio in Review
As of Q3 2023, Covenant Asset Management held 165 positions worth $379M, down 3.8% from $394M the previous quarter. Its ten largest holdings account for 36% of the portfolio.
Covenant Asset Management withdrew a net $33.7M in Q3 2023, closing 5 positions and reducing 45 holdings. Its most notable exit was DexCom, an estimated $3.87M position sold in full.
By sector, the portfolio is most concentrated in Technology at 34% of assets, down from 35% a quarter earlier, followed by Healthcare and Industrials.
Against the trend, Covenant Asset Management opened a new position in Uber worth $1.06M.
- Covenant Asset Management's largest Q3 2023 buy was Uber: 23,004 shares worth $1.06M.
- Covenant Asset Management added most to Regeneron Pharmaceuticals in Q3 2023, an estimated $1.52M increase.
- Covenant Asset Management's biggest Q3 2023 reduction was UnitedHealth, cutting an estimated $1.17M.
- Covenant Asset Management fully exited DexCom in Q3 2023, selling an estimated $3.87M.
- Covenant Asset Management's ten largest holdings make up 36% of its $379M portfolio in Q3 2023.
- Covenant Asset Management opened 5 new positions and closed 5 in Q3 2023.
- Covenant Asset Management's portfolio value fell 3.8% quarter-over-quarter to $379M.
Based on Covenant Asset Management's 13F filing for Q3 2023, filed 31 Oct 2023.