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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
+17.74%
1 Year Est. Return
+38.14%
3 Year Est. Return
+158.45%
5 Year Est. Return
+212.83%
10 Year Est. Return
–
AUM
$610M
AUM Growth
+$53M
Cap. Flow
-$21.8M
Cap. Flow %
-3.57%
Top 10 Hldgs %
47.24%
Holding
163
New
8
Increased
69
Reduced
33
Closed
10

Top Buys

Rank Stock Value
1
META icon
Meta Platforms (Facebook)
META
+$4.49M
2
HWM icon
Howmet Aerospace
HWM
+$3.05M
3
LHX icon
L3Harris
LHX
+$994K
4
MCHP icon
Microchip Technology
MCHP
+$703K
5
UNH icon
UnitedHealth
UNH
+$628K

Top Sells

Rank Stock Value
1
ROK icon
Rockwell Automation
ROK
+$3.68M
2
BA icon
Boeing
BA
+$3.54M
3
EOG icon
EOG Resources
EOG
+$1.55M
4
LMT icon
Lockheed Martin
LMT
+$941K
5
CSCO icon
Cisco
CSCO
+$791K

Sector Composition

Rank Sector Weight
1 Technology 28.5%
2 Healthcare 9.33%
3 Consumer Discretionary 6.07%
4 Communication Services 6.06%
5 Industrials 6.01%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CMG icon
1
PUT
Chipotle Mexican Grill
CMG
$41.1B
– –
0
– –
AVGO icon
2
PUT
Broadcom
AVGO
$1.87T
– –
0
– –
MSFT icon
3
Microsoft
MSFT
$2.83T
$30.8M 5.05%
73,134
+152
+0.2% +$61.5K
NVDA icon
4
NVIDIA
NVDA
$5.06T
$29.3M 4.8%
324,170
+920
+0.3% +$66.7K
CMG icon
5
CALL
Chipotle Mexican Grill
CMG
$41.1B
– –
0
– –
SPY icon
6
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$777B
– –
0
– –
AAPL icon
7
Apple
AAPL
$4.72T
$16.9M 2.77%
98,410
-1,372
-1% -$249K
AMZN icon
8
Amazon
AMZN
$2.51T
$16.3M 2.67%
90,112
-511
-0.6% -$85.3K
REGN icon
9
PUT
Regeneron Pharmaceuticals
REGN
$68.3B
– –
0
– –
NOW icon
10
PUT
ServiceNow
NOW
$95.1B
– –
0
– –
TTD icon
11
Trade Desk
TTD
$7.89B
$12.1M 1.99%
138,513
+93
+0.1% +$7.05K
AVGO icon
12
Broadcom
AVGO
$1.87T
$9.83M 1.61%
74,190
+1,200
+2% +$149K
META icon
13
Meta Platforms (Facebook)
META
$1.54T
$9.51M 1.56%
19,595
+10,068
+106% +$4.49M
LLY icon
14
Eli Lilly
LLY
$1.06T
$9.33M 1.53%
11,990
+48
+0.4% +$34.2K
GOOGL icon
15
Alphabet (Google) Class A
GOOGL
$3.89T
$9M 1.48%
59,627
-702
-1% -$100K
AMD icon
16
Advanced Micro Devices
AMD
$880B
$8.23M 1.35%
45,572
+438
+1% +$76.6K
SHOP icon
17
Shopify
SHOP
$145B
$8.13M 1.33%
105,337
-604
-0.6% -$47.7K
ASML icon
18
ASML
ASML
$693B
$7.93M 1.3%
8,172
+17
+0.2% +$15.1K
MRK icon
19
Merck
MRK
$322B
$7.91M 1.3%
59,934
-956
-2% -$118K
QCOM icon
20
Qualcomm
QCOM
$180B
$7.6M 1.25%
44,864
-11
-0% -$1.7K
PANW icon
21
Palo Alto Networks
PANW
$265B
$7.37M 1.21%
51,882
+712
+1% +$112K
SNPS icon
22
Synopsys
SNPS
$71.5B
$7.26M 1.19%
12,695
+525
+4% +$289K
PWR icon
23
Quanta Services
PWR
$98.1B
$6.83M 1.12%
26,286
-88
-0.3% -$19.5K
ANET icon
24
Arista Networks
ANET
$222B
$6.21M 1.02%
85,640
+448
+0.5% +$30.2K
REGN icon
25
Regeneron Pharmaceuticals
REGN
$68.3B
$6.12M 1%
6,355
-11
-0.2% -$10.5K
1
2 3 4 5

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Covenant Asset Management's Q1 2024 Portfolio in Review

As of Q1 2024, Covenant Asset Management held 163 positions worth $610M, up 9.5% from $557M the previous quarter. Its ten largest holdings account for 47% of the portfolio.

Covenant Asset Management withdrew a net $21.8M in Q1 2024, closing 10 positions and reducing 33 holdings. Its most notable exit was Rockwell Automation, an estimated $3.68M position sold in full.

By sector, the portfolio is most concentrated in Technology at 29% of assets, up from 27% a quarter earlier, followed by Healthcare and Consumer Discretionary.

Against the trend, Covenant Asset Management opened a new position in Howmet Aerospace worth $3.4M.

  • Covenant Asset Management's largest Q1 2024 buy was Howmet Aerospace: 49,714 shares worth $3.4M.
  • Covenant Asset Management added most to Meta Platforms (Facebook) in Q1 2024, an estimated $4.49M increase.
  • Covenant Asset Management's biggest Q1 2024 reduction was Lockheed Martin, cutting an estimated $941K.
  • Covenant Asset Management fully exited Rockwell Automation in Q1 2024, selling an estimated $3.68M.
  • Covenant Asset Management's ten largest holdings make up 47% of its $610M portfolio in Q1 2024.
  • Covenant Asset Management opened 8 new positions and closed 10 in Q1 2024.
  • Covenant Asset Management's portfolio value rose 9.5% quarter-over-quarter to $610M.

Based on Covenant Asset Management's 13F filing for Q1 2024, filed 23 Apr 2024.