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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
+3.77%
1 Year Est. Return
+38.14%
3 Year Est. Return
+158.45%
5 Year Est. Return
+212.83%
10 Year Est. Return
–
AUM
$636M
AUM Growth
+$7.31M
Cap. Flow
-$21.2M
Cap. Flow %
-3.33%
Top 10 Hldgs %
40.42%
Holding
177
New
5
Increased
42
Reduced
59
Closed
6

Top Buys

Rank Stock Value
1
JEF icon
Jefferies Financial Group
JEF
+$3.08M
2
SPOT icon
Spotify
SPOT
+$3.04M
3
TW icon
Tradeweb Markets
TW
+$3.03M
4
AMD icon
Advanced Micro Devices
AMD
+$1.57M
5
NFLX icon
Netflix
NFLX
+$1.16M

Top Sells

Rank Stock Value
1
DE icon
Deere & Co
DE
+$4.55M
2
NBIX icon
Neurocrine Biosciences
NBIX
+$3.9M
3
MEDP icon
Medpace
MEDP
+$3.69M
4
NVDA icon
NVIDIA
NVDA
+$1.74M
5
MCHP icon
Microchip Technology
MCHP
+$722K

Sector Composition

Rank Sector Weight
1 Technology 31.01%
2 Healthcare 8.31%
3 Communication Services 7.86%
4 Industrials 5.18%
5 Consumer Discretionary 4.64%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CMG icon
1
PUT
Chipotle Mexican Grill
CMG
$41.1B
– –
0
– –
NVDA icon
2
NVIDIA
NVDA
$5.06T
$36.5M 5.74%
300,454
-14,768
-5% -$1.74M
AVGO icon
3
PUT
Broadcom
AVGO
$1.87T
– –
0
– –
MSFT icon
4
Microsoft
MSFT
$2.83T
$31.2M 4.91%
72,538
-316
-0.4% -$135K
AAPL icon
5
Apple
AAPL
$4.72T
$23.8M 3.75%
102,222
-575
-0.6% -$128K
NOW icon
6
PUT
ServiceNow
NOW
$94.8B
– –
0
– –
AMZN icon
7
Amazon
AMZN
$2.51T
$15.4M 2.42%
82,481
-1,256
-1% -$229K
TTD icon
8
Trade Desk
TTD
$7.89B
$14.9M 2.34%
135,609
-954
-0.7% -$95.2K
AVGO icon
9
Broadcom
AVGO
$1.87T
$12.6M 1.99%
73,287
-1,963
-3% -$315K
QQQ icon
10
PUT
Invesco QQQ Trust
QQQ
$460B
– –
0
– –
META icon
11
Meta Platforms (Facebook)
META
$1.54T
$11.5M 1.81%
20,147
-184
-0.9% -$94.7K
LLY icon
12
Eli Lilly
LLY
$1.06T
$10.6M 1.67%
11,980
+74
+0.6% +$66.5K
REGN icon
13
PUT
Regeneron Pharmaceuticals
REGN
$68.3B
– –
0
– –
GOOGL icon
14
Alphabet (Google) Class A
GOOGL
$3.88T
$9.75M 1.53%
58,806
+222
+0.4% +$37.2K
AMD icon
15
Advanced Micro Devices
AMD
$880B
$9.27M 1.46%
56,477
+10,313
+22% +$1.57M
ANET icon
16
Arista Networks
ANET
$222B
$8.88M 1.4%
92,548
+6,584
+8% +$574K
PANW icon
17
Palo Alto Networks
PANW
$265B
$8.79M 1.38%
51,424
-30
-0.1% -$5.05K
ASML icon
18
PUT
ASML
ASML
$693B
– –
0
– –
SHOP icon
19
Shopify
SHOP
$145B
$7.94M 1.25%
99,105
-5,330
-5% -$368K
PWR icon
20
Quanta Services
PWR
$98.1B
$7.83M 1.23%
26,249
+75
+0.3% +$19.8K
NFLX icon
21
Netflix
NFLX
$287B
$7.41M 1.17%
104,510
+17,360
+20% +$1.16M
SPY icon
22
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$777B
– –
0
– –
TDG icon
23
PUT
TransDigm Group
TDG
$67.9B
– –
0
– –
QCOM icon
24
Qualcomm
QCOM
$180B
$6.87M 1.08%
40,404
-762
-2% -$135K
MRK icon
25
Merck
MRK
$322B
$6.8M 1.07%
59,919
+140
+0.2% +$16.6K
1
2 3 4 5

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Covenant Asset Management's Q3 2024 Portfolio in Review

As of Q3 2024, Covenant Asset Management held 177 positions worth $636M, up 1.2% from $629M the previous quarter. Its ten largest holdings account for 40% of the portfolio.

Covenant Asset Management withdrew a net $21.2M in Q3 2024, closing 6 positions and reducing 59 holdings. Its most notable exit was Deere & Co, an estimated $4.55M position sold in full.

By sector, the portfolio is most concentrated in Technology at 31% of assets, down from 32% a quarter earlier, followed by Healthcare and Communication Services.

Against the trend, Covenant Asset Management opened a new position in Jefferies Financial Group worth $3.34M.

  • Covenant Asset Management's largest Q3 2024 buy was Jefferies Financial Group: 54,216 shares worth $3.34M.
  • Covenant Asset Management added most to Advanced Micro Devices in Q3 2024, an estimated $1.57M increase.
  • Covenant Asset Management's biggest Q3 2024 reduction was NVIDIA, cutting an estimated $1.74M.
  • Covenant Asset Management fully exited Deere & Co in Q3 2024, selling an estimated $4.55M.
  • Covenant Asset Management's ten largest holdings make up 40% of its $636M portfolio in Q3 2024.
  • Covenant Asset Management opened 5 new positions and closed 6 in Q3 2024.
  • Covenant Asset Management's portfolio value rose 1.2% quarter-over-quarter to $636M.

Based on Covenant Asset Management's 13F filing for Q3 2024, filed 12 Nov 2024.