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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
+15.65%
1 Year Est. Return
+38.14%
3 Year Est. Return
+158.45%
5 Year Est. Return
+212.83%
10 Year Est. Return
–
AUM
$557M
AUM Growth
+$177M
Cap. Flow
-$16.1M
Cap. Flow %
-2.89%
Top 10 Hldgs %
45.96%
Holding
167
New
10
Increased
38
Reduced
71
Closed
10

Top Buys

Rank Stock Value
1
ANET icon
Arista Networks
ANET
+$4.47M
2
UBER icon
Uber
UBER
+$1.56M
3
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$680K
4
CAT icon
Caterpillar
CAT
+$569K
5
UNP icon
Union Pacific
UNP
+$364K

Top Sells

Rank Stock Value
1
ON icon
ON Semiconductor
ON
+$4.26M
2
MSFT icon
Microsoft
MSFT
+$1.77M
3
ULTA icon
Ulta Beauty
ULTA
+$1.45M
4
ENPH icon
Enphase Energy
ENPH
+$1.44M
5
SCHP icon
Schwab US TIPS ETF
SCHP
+$970K

Sector Composition

Rank Sector Weight
1 Technology 26.74%
2 Healthcare 9.16%
3 Industrials 6.47%
4 Consumer Discretionary 5.45%
5 Communication Services 4.92%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CMG icon
1
PUT
Chipotle Mexican Grill
CMG
$41.1B
– –
0
– –
CMG icon
2
CALL
Chipotle Mexican Grill
CMG
$41.1B
– –
0
– –
MSFT icon
3
Microsoft
MSFT
$2.83T
$27.4M 4.93%
72,982
-4,983
-6% -$1.77M
AVGO icon
4
PUT
Broadcom
AVGO
$1.87T
– –
0
– –
AAPL icon
5
Apple
AAPL
$4.72T
$19.2M 3.45%
99,782
-3,255
-3% -$601K
NVDA icon
6
NVIDIA
NVDA
$5.06T
$16M 2.88%
323,250
-1,400
-0.4% -$64.9K
NOW icon
7
PUT
ServiceNow
NOW
$95.1B
– –
0
– –
REGN icon
8
PUT
Regeneron Pharmaceuticals
REGN
$68.3B
– –
0
– –
AMZN icon
9
Amazon
AMZN
$2.51T
$13.8M 2.47%
90,623
-857
-0.9% -$120K
TTD icon
10
Trade Desk
TTD
$7.89B
$9.96M 1.79%
138,420
+516
+0.4% +$37.9K
GOOGL icon
11
Alphabet (Google) Class A
GOOGL
$3.89T
$8.43M 1.51%
60,329
+862
+1% +$116K
SHOP icon
12
Shopify
SHOP
$145B
$8.25M 1.48%
105,941
-2,058
-2% -$131K
AVGO icon
13
Broadcom
AVGO
$1.87T
$8.15M 1.46%
72,990
-200
-0.3% -$18.9K
PANW icon
14
Palo Alto Networks
PANW
$265B
$7.54M 1.36%
51,170
+484
+1% +$64.7K
LLY icon
15
Eli Lilly
LLY
$1.06T
$6.96M 1.25%
11,942
+457
+4% +$267K
LLY icon
16
PUT
Eli Lilly
LLY
$1.06T
– –
0
– –
AMD icon
17
Advanced Micro Devices
AMD
$880B
$6.65M 1.2%
45,134
+1,368
+3% +$161K
MRK icon
18
Merck
MRK
$322B
$6.64M 1.19%
60,890
-2,522
-4% -$262K
QCOM icon
19
Qualcomm
QCOM
$180B
$6.49M 1.17%
44,875
-1,795
-4% -$222K
SNPS icon
20
Synopsys
SNPS
$71.5B
$6.27M 1.13%
12,170
-139
-1% -$71.1K
ASML icon
21
ASML
ASML
$693B
$6.17M 1.11%
8,155
-2
-0% -$1.32K
PWR icon
22
Quanta Services
PWR
$98.1B
$5.69M 1.02%
26,374
-700
-3% -$129K
REGN icon
23
Regeneron Pharmaceuticals
REGN
$68.3B
$5.59M 1%
6,366
+222
+4% +$183K
KLAC icon
24
PUT
KLA
KLAC
$286B
– –
0
– –
ANET icon
25
Arista Networks
ANET
$222B
$5.02M 0.9%
+85,192
New +$4.47M
1
2 3 4 5

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Covenant Asset Management's Q4 2023 Portfolio in Review

As of Q4 2023, Covenant Asset Management held 167 positions worth $557M, up 47% from $379M the previous quarter. Its ten largest holdings account for 46% of the portfolio.

Covenant Asset Management's Q4 2023 filing shows 10 new, 38 increased, 71 reduced and 10 closed positions. Its largest new stake was Arista Networks: 85,192 shares worth $5.02M. The largest sale was ON Semiconductor, an estimated $4.26M.

By sector, the portfolio is most concentrated in Technology at 27% of assets, down from 34% a quarter earlier, followed by Healthcare and Industrials.

  • Covenant Asset Management's largest Q4 2023 buy was Arista Networks: 85,192 shares worth $5.02M.
  • Covenant Asset Management added most to Uber in Q4 2023, an estimated $1.56M increase.
  • Covenant Asset Management's biggest Q4 2023 reduction was Microsoft, cutting an estimated $1.77M.
  • Covenant Asset Management fully exited ON Semiconductor in Q4 2023, selling an estimated $4.26M.
  • Covenant Asset Management's ten largest holdings make up 46% of its $557M portfolio in Q4 2023.
  • Covenant Asset Management opened 10 new positions and closed 10 in Q4 2023.
  • Covenant Asset Management's portfolio value rose 47% quarter-over-quarter to $557M.

Based on Covenant Asset Management's 13F filing for Q4 2023, filed 22 Jan 2024.