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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 | |
|---|---|---|---|---|---|---|
126
TotalEnergies
TTE
$193B
| $365K | 0.2% |
+6,561
| New | +$365K |
|
127
Zebra Technologies
ZBRA
$12.4B
| $364K | 0.2% |
1,736
+45
| +3% | +$8.47K |
|
128
Broadridge
BR
$17.2B
| $360K | 0.2% |
+3,470
| New | +$348K |
|
129
Coca-Cola
KO
$354B
| $348K | 0.19% |
7,419
| – | – |
|
130
Monolithic Power Systems
MPWR
$65.5B
| $345K | 0.19% |
+2,549
| New | +$335K |
|
131
Global Payments
GPN
$22.1B
| $344K | 0.19% |
+2,521
| New | +$306K |
|
132
Intercontinental Exchange
ICE
$82.4B
| $344K | 0.19% |
4,520
| – | – |
|
|
GRUB
133
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $342K | 0.19% |
+2,462
| New | +$381K |
|
134
TJX Companies
TJX
$170B
| $339K | 0.19% |
+6,368
| New | +$318K |
|
135
Allegion
ALLE
$13B
| $338K | 0.19% |
+3,724
| New | +$324K |
|
136
Littelfuse
LFUS
$10.2B
| $337K | 0.19% |
+1,847
| New | +$341K |
|
137
Five Below
FIVE
$11.2B
| $335K | 0.19% |
+2,698
| New | +$327K |
|
138
Xylem
XYL
$28.5B
| $326K | 0.18% |
+4,121
| New | +$301K |
|
139
Genpact
G
$5.3B
| $320K | 0.18% |
+9,098
| New | +$287K |
|
140
Rollins
ROL
$18.6B
| $320K | 0.18% |
+11,534
| New | +$300K |
|
|
FRC
141
DELISTED
First Republic Bank
FRC
| $315K | 0.18% |
+3,131
| New | +$308K |
|
142
iShares S&P 500 Value ETF
IVE
$48.9B
| $309K | 0.17% |
2,738
| – | – |
|
|
VMW
143
DELISTED
VMware, Inc
VMW
| $308K | 0.17% |
+1,708
| New | +$278K |
|
144
Copart
CPRT
$25.9B
| $306K | 0.17% |
+20,200
| New | +$274K |
|
145
Progressive
PGR
$124B
| $305K | 0.17% |
+4,225
| New | +$289K |
|
146
Essex Property Trust
ESS
$18.9B
| $298K | 0.17% |
+1,031
| New | +$281K |
|
|
CUK
147
DELISTED
Carnival PLC
CUK
| $297K | 0.17% |
5,971
-2,115
| -26% | -$116K |
|
148
Old Dominion Freight Line
ODFL
$48.5B
| $289K | 0.16% |
+6,009
| New | +$281K |
|
149
Avery Dennison
AVY
$12.3B
| $286K | 0.16% |
+2,529
| New | +$261K |
|
150
Burlington
BURL
$22B
| $283K | 0.16% |
1,808
+38
| +2% | +$6.13K |
|
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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.