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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
+7.64%
1 Year Est. Return
+19.24%
3 Year Est. Return
+70.32%
5 Year Est. Return
+79.29%
10 Year Est. Return
–
AUM
$207M
AUM Growth
-$8.93M
(-4.1%)
Cap. Flow
-$22.8M
Cap. Flow
% of AUM
-11.05%
Top 10 Holdings %
Top 10 Hldgs %
46.64%
Holding
211
New
13
Increased
26
Reduced
144
Closed
19
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$787K |
| 2 |
State Street SPDR Bloomberg High Yield Bond ETF
JNK
|
+$550K |
| 3 |
Aon
AON
|
+$532K |
| 4 |
Ulta Beauty
ULTA
|
+$396K |
| 5 |
FB Financial Corp
FBK
|
+$361K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Russell 1000 Growth ETF
IWF
|
+$1.28M |
| 2 |
Shopify
SHOP
|
+$1.23M |
| 3 |
lululemon athletica
LULU
|
+$1.1M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$1.06M |
| 5 |
Castle Biosciences
CSTL
|
+$957K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.41% |
| 2 | Healthcare | 9.36% |
| 3 | Industrials | 6.68% |
| 4 | Financials | 6.06% |
| 5 | Consumer Discretionary | 6.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
Pinnacle Financial Partners Inc
PNFP
$15.5B
| $313K | 0.15% |
8,796
| – | – |
|
152
Cooper Companies
COO
$13.7B
| $311K | 0.15% |
3,692
-480
| -12% | -$36.8K |
|
153
Booz Allen Hamilton
BAH
$8.7B
| $306K | 0.15% |
3,687
-631
| -15% | -$51.7K |
|
154
WEC Energy
WEC
$37.7B
| $299K | 0.14% |
3,083
-473
| -13% | -$44.1K |
|
155
iShares Core S&P 500 ETF
IVV
$876B
| $294K | 0.14% |
875
| – | – |
|
156
Qualys
QLYS
$4.84B
| $294K | 0.14% |
3,003
-238
| -7% | -$25.5K |
|
|
FRC
157
DELISTED
First Republic Bank
FRC
| $288K | 0.14% |
2,641
+63
| +2% | +$6.99K |
|
158
Burlington
BURL
$22B
| $284K | 0.14% |
1,380
-435
| -24% | -$84.7K |
|
159
ON Semiconductor
ON
$33.8B
| $276K | 0.13% |
12,747
+7
| +0.1% | +$149 |
|
160
Banco Bilbao Vizcaya Argentaria
BBVA
$144B
| $270K | 0.13% |
98,589
-28,752
| -23% | -$89.3K |
|
161
Sysco
SYY
$39.7B
| $261K | 0.13% |
+4,199
| New | +$244K |
|
162
Ciena
CIEN
$55.3B
| $257K | 0.12% |
6,469
-1,383
| -18% | -$72.8K |
|
163
Fortinet
FTNT
$112B
| $255K | 0.12% |
10,840
-2,235
| -17% | -$57.7K |
|
164
Masco
MAS
$16B
| $252K | 0.12% |
4,575
-382
| -8% | -$21.4K |
|
165
Alexandria Real Estate Equities
ARE
$8.88B
| $250K | 0.12% |
1,565
-143
| -8% | -$23.9K |
|
166
iShares Russell Mid-Cap ETF
IWR
$56.8B
| $248K | 0.12% |
4,328
| – | – |
|
167
Teledyne Technologies
TDY
$30.4B
| $247K | 0.12% |
796
-243
| -23% | -$76.7K |
|
168
Sun Communities
SUI
$15B
| $241K | 0.12% |
1,713
-610
| -26% | -$87.5K |
|
169
Albemarle
ALB
$13.5B
| $238K | 0.12% |
2,670
-368
| -12% | -$32.6K |
|
170
Atmos Energy
ATO
$29.9B
| $233K | 0.11% |
2,435
-431
| -15% | -$43K |
|
171
NXP Semiconductors
NXPI
$68B
| $228K | 0.11% |
+1,827
| New | +$223K |
|
172
Lamb Weston
LW
$6.82B
| $226K | 0.11% |
3,417
-863
| -20% | -$55.3K |
|
|
HDS
173
DELISTED
HD Supply Holdings, Inc.
HDS
| $226K | 0.11% |
5,475
-712
| -12% | -$27.2K |
|
174
Unifirst Corp
UNF
$5.32B
| $225K | 0.11% |
1,190
-316
| -21% | -$59.2K |
|
175
BioMarin Pharmaceuticals
BMRN
$11.5B
| $223K | 0.11% |
2,932
-766
| -21% | -$77.5K |
|
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Covenant Partners's Q3 2020 Portfolio in Review
As of Q3 2020, Covenant Partners held 211 positions worth $207M, down 4.1% from $216M the previous quarter. Its ten largest holdings account for 47% of the portfolio.
Covenant Partners withdrew a net $22.8M in Q3 2020, closing 19 positions and reducing 144 holdings. Its most notable exit was Alphabet (Google) Class C, an estimated $1.06M position sold in full.
By sector, the portfolio is most concentrated in Technology at 18% of assets, down from 20% a quarter earlier, followed by Healthcare and Industrials.
Against the trend, Covenant Partners opened a new position in iShares iBoxx $ High Yield Corporate Bond ETF worth $784K.
- Covenant Partners's largest Q3 2020 buy was iShares iBoxx $ High Yield Corporate Bond ETF: 9,347 shares worth $784K.
- Covenant Partners added most to ING in Q3 2020, an estimated $295K increase.
- Covenant Partners's biggest Q3 2020 reduction was iShares Russell 1000 Growth ETF, cutting an estimated $1.28M.
- Covenant Partners fully exited Alphabet (Google) Class C in Q3 2020, selling an estimated $1.06M.
- Covenant Partners's ten largest holdings make up 47% of its $207M portfolio in Q3 2020.
- Covenant Partners opened 13 new positions and closed 19 in Q3 2020.
- Covenant Partners's portfolio value fell 4.1% quarter-over-quarter to $207M.
Based on Covenant Partners's 13F filing for Q3 2020, filed 10 Nov 2020.