Covington Capital Management Portfolio holdings
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$43.7M |
| 2 |
Halozyme
HALO
|
+$10.7M |
| 3 |
Cisco
CSCO
|
+$7.6M |
| 4 |
Pfizer
PFE
|
+$4.73M |
| 5 |
Home Depot
HD
|
+$4.53M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund
HYS
|
+$6.8M |
| 2 |
Intercontinental Exchange
ICE
|
+$5.27M |
| 3 |
Starbucks
SBUX
|
+$5.19M |
| 4 |
Chevron
CVX
|
+$3.26M |
| 5 |
Mine Safety
MSA
|
+$2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.65% |
| 2 | Healthcare | 12.56% |
| 3 | Financials | 9.39% |
| 4 | Consumer Discretionary | 7.83% |
| 5 | Consumer Staples | 6.91% |
Similar funds
Covington Capital Management's Q2 2022 Portfolio in Review
As of Q2 2022, Covington Capital Management held 1,232 positions worth $2.46B, down 12% from $2.79B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Covington Capital Management deployed $82.2M of net new capital in Q2 2022, opening 119 new positions and adding to 264 existing holdings. Its largest new stake was Halozyme: 247,500 shares worth $10.9M.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 20% a quarter earlier, followed by Healthcare and Financials.
On the sell side, the largest reduction was PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund, an estimated $6.8M trimmed.
- Covington Capital Management's largest Q2 2022 buy was Halozyme: 247,500 shares worth $10.9M.
- Covington Capital Management added most to Microsoft in Q2 2022, an estimated $43.7M increase.
- Covington Capital Management's biggest Q2 2022 reduction was PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund, cutting an estimated $6.8M.
- Covington Capital Management fully exited MGM Growth Properties LLC Class A common shares representing limited liability company interests in Q2 2022, selling an estimated $1.82M.
- Covington Capital Management's ten largest holdings make up 24% of its $2.46B portfolio in Q2 2022.
- Covington Capital Management opened 119 new positions and closed 152 in Q2 2022.
- Covington Capital Management's portfolio value fell 12% quarter-over-quarter to $2.46B.
Based on Covington Capital Management's 13F filing for Q2 2022, filed 8 Jul 2022.