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CP
Covenant Partners Portfolio holdings
AUM
$342M
1-Year Est. Return
19.24%
This Fund
S&P 500
This Quarter
Est. Return
+14.71%
1 Year Est. Return
+19.24%
3 Year Est. Return
+70.32%
5 Year Est. Return
+79.29%
10 Year Est. Return
–
AUM
$180M
AUM Growth
-$29.2M
(-14%)
Cap. Flow
-$52.6M
Cap. Flow
% of AUM
-29.26%
Top 10 Holdings %
Top 10 Hldgs %
45.23%
Holding
193
New
137
Increased
18
Reduced
16
Closed
6
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$2.47M |
| 2 |
Accenture
ACN
|
+$2.03M |
| 3 |
Amazon
AMZN
|
+$1.57M |
| 4 |
Home Depot
HD
|
+$1.49M |
| 5 |
Apple
AAPL
|
+$1.37M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Russell 1000 Growth ETF
IWF
|
+$23.7M |
| 2 |
iShares MSCI EAFE Growth ETF
EFG
|
+$22.1M |
| 3 |
iShares Russell 1000 Value ETF
IWD
|
+$18.7M |
| 4 |
iShares MSCI EAFE Value ETF
EFV
|
+$16.3M |
| 5 |
iShares Russell Mid-Cap Value ETF
IWS
|
+$9.54M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 13.65% |
| 2 | Financials | 8.2% |
| 3 | Healthcare | 7.58% |
| 4 | Industrials | 6.19% |
| 5 | Consumer Discretionary | 5.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Ovintiv
OVV
$17.5B
| $584K | 0.32% |
+16,144
| New | +$554K |
|
77
Honeywell
HON
$77.1B
| $579K | 0.32% |
+3,868
| New | +$541K |
|
78
Pool Corp
POOL
$6.7B
| $569K | 0.32% |
+3,452
| New | +$536K |
|
79
Starbucks
SBUX
$118B
| $562K | 0.31% |
7,566
+26
| +0.3% | +$1.79K |
|
80
American Tower
AMT
$77.7B
| $561K | 0.31% |
2,848
| – | – |
|
81
Qualcomm
QCOM
$176B
| $559K | 0.31% |
+9,797
| New | +$529K |
|
82
Procter & Gamble
PG
$343B
| $554K | 0.31% |
5,326
+18
| +0.3% | +$1.75K |
|
83
BCE
BCE
$19.9B
| $544K | 0.3% |
+12,263
| New | +$529K |
|
84
Icon
ICLR
$12.8B
| $542K | 0.3% |
+3,970
| New | +$541K |
|
85
W.W. Grainger
GWW
$65.3B
| $533K | 0.3% |
+1,770
| New | +$526K |
|
|
MFGP
86
DELISTED
Micro Focus International plc. American Depositary Shares, each representing One Ordinary Share
MFGP
| $532K | 0.3% |
17,064
| – | – |
|
87
AB InBev
BUD
$158B
| $530K | 0.29% |
+6,308
| New | +$485K |
|
88
Equinix
EQIX
$107B
| $520K | 0.29% |
+1,148
| New | +$467K |
|
89
Palo Alto Networks
PANW
$264B
| $515K | 0.29% |
+12,732
| New | +$472K |
|
90
Costco
COST
$415B
| $512K | 0.28% |
+2,113
| New | +$462K |
|
91
Oracle
ORCL
$331B
| $512K | 0.28% |
+9,528
| New | +$485K |
|
92
ExxonMobil
XOM
$651B
| $512K | 0.28% |
+6,342
| New | +$484K |
|
93
AbbVie
ABBV
$458B
| $510K | 0.28% |
+6,324
| New | +$517K |
|
94
Comcast
CMCSA
$79.1B
| $507K | 0.28% |
+12,684
| New | +$477K |
|
95
Vodafone
VOD
$34.9B
| $505K | 0.28% |
+27,772
| New | +$515K |
|
|
ALXN
96
DELISTED
Alexion Pharmaceuticals
ALXN
| $502K | 0.28% |
+3,713
| New | +$462K |
|
97
RPM International
RPM
$13.7B
| $498K | 0.28% |
+8,583
| New | +$487K |
|
98
Gildan
GIL
$9.25B
| $493K | 0.27% |
+13,692
| New | +$468K |
|
99
American Express
AXP
$223B
| $483K | 0.27% |
+4,419
| New | +$464K |
|
100
Pinnacle Financial Partners Inc
PNFP
$15.5B
| $481K | 0.27% |
8,796
| – | – |
|
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Covenant Partners's Q1 2019 Portfolio in Review
As of Q1 2019, Covenant Partners held 193 positions worth $180M, down 14% from $209M the previous quarter. Its ten largest holdings account for 45% of the portfolio.
Covenant Partners withdrew a net $52.6M in Q1 2019, closing 6 positions and reducing 16 holdings. Its most notable exit was iShares Russell Mid-Cap Growth ETF, an estimated $7.97M position sold in full.
By sector, the portfolio is most concentrated in Technology at 14% of assets, up from 2% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Covenant Partners opened a new position in Microsoft worth $2.67M.
- Covenant Partners's largest Q1 2019 buy was Microsoft: 22,681 shares worth $2.67M.
- Covenant Partners added most to ResMed in Q1 2019, an estimated $530K increase.
- Covenant Partners's biggest Q1 2019 reduction was iShares Russell 1000 Growth ETF, cutting an estimated $23.7M.
- Covenant Partners fully exited iShares Russell Mid-Cap Growth ETF in Q1 2019, selling an estimated $7.97M.
- Covenant Partners's ten largest holdings make up 45% of its $180M portfolio in Q1 2019.
- Covenant Partners opened 137 new positions and closed 6 in Q1 2019.
- Covenant Partners's portfolio value fell 14% quarter-over-quarter to $180M.
Based on Covenant Partners's 13F filing for Q1 2019, filed 16 May 2019.