Latest Covenant Asset Management, LLC Stock Portfolio

Covenant Asset Management, LLC Performance:

2024 Q3: -1.38%YTD: 17.74%2023: 28.31%

Performance for 2024 Q3 is -1.38%, and YTD is 17.74%, and 2023 is 28.31%.

About Covenant Asset Management, LLC and 13F Hedge Fund Stock Holdings

In it's latest 13F Holdings report, Covenant Asset Management, LLC reported an equity portfolio of $636 Millions as of 30 Sep, 2024.

The top stock holdings of Covenant Asset Management, LLC are NVDA, MSFT, AAPL. The fund has invested 5.7% of it's portfolio in NVIDIA CORPORATION and 4.9% of portfolio in MICROSOFT CORP.

The fund managers got completely rid off DEERE & CO (DE), NEUROCRINE BIOSCIENCES INC (NBIX) and MEDPACE HLDGS INC (MEDP) stocks. They significantly reduced their stock positions in VANGUARD SPECIALIZED FUNDS (VIG), ISHARES TR (IJR) and CATERPILLAR INC (CAT). Covenant Asset Management, LLC opened new stock positions in SPOTIFY TECHNOLOGY S A, JEFFERIES FINL GROUP INC (JEF) and TRADEWEB MKTS INC (TW). The fund showed a lot of confidence in some stocks as they added substantially to DECKERS OUTDOOR CORP (DECK), MONOLITHIC PWR SYS INC (MPWR) and WILLIAMS SONOMA INC (WSM).

Covenant Asset Management, LLC Annual Return Estimates Vs S&P 500

Our best estimate is that Covenant Asset Management, LLC made a return of -1.38% in the last quarter. In trailing 12 months, it's portfolio return was 28.73%.

New Buys

Ticker	$ Bought
spotify technology s a	3,364,310
jefferies finl group inc	3,337,000
tradeweb mkts inc	3,305,580
first tr exchange-traded fd	264,018
first tr exchange-traded fd	214,642

New stocks bought by Covenant Asset Management, LLC

Additions

Ticker	% Inc.
deckers outdoor corp	504
monolithic pwr sys inc	181
williams sonoma inc	100
vanguard index fds	35.93
advanced micro devices inc	22.34
netflix inc	19.92
tesla inc	14.69
pimco corporate & income opp	14.19

Additions to existing portfolio by Covenant Asset Management, LLC

Reductions

Ticker	% Reduced
vanguard specialized funds	-22.23
ishares tr	-19.38
caterpillar inc	-17.96
solaredge technologies inc	-16.05
starbucks corp	-11.41
paychex inc	-10.68
blackrock mun target term tr	-10.55
toronto dominion bk ont	-8.64

Covenant Asset Management, LLC reduced stake in above stock

Sold off

Ticker	$ Sold
neurocrine biosciences inc	-3,901,980
deere & co	-4,547,080
medpace hldgs inc	-3,687,290
microchip technology inc.	-722,301
draftkings inc new	-214,440
lam research corp	-210,841

Covenant Asset Management, LLC got rid off the above stocks

Sector Distribution

Covenant Asset Management, LLC has about 41.5% of it's holdings in Technology sector.

Sector	%
Technology	41.5
Others	13.1
Healthcare	11.6
Industrials	8.7
Communication Services	7
Consumer Cyclical	6.5
Financial Services	5.8
Energy	3.3
Consumer Defensive	1.8

Market Cap. Distribution

Covenant Asset Management, LLC has about 85.8% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
MEGA-CAP	47.7
LARGE-CAP	38.1
UNALLOCATED	13.1

Stocks belong to which Index?

About 77.7% of the stocks held by Covenant Asset Management, LLC either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	77.7
Others	21.6

Top 5 Winners (%)		%
TSLA	tesla inc	29.5 %
HWM	howmet aerospace inc	29.0 %
CARR	carrier global corporation	26.3 %
AFL	aflac inc	25.2 %
LMT	lockheed martin corp	25.1 %

Top 5 Winners ($)		$
AAPL	apple inc	2.3 M
TTD	the trade desk inc	1.6 M
META	meta platforms inc	1.4 M
PWR	quanta svcs inc	1.2 M
HWM	howmet aerospace inc	1.1 M

Top 5 Losers (%)		%
DECK	deckers outdoor corp	-82.5 %
ELF	e l f beauty inc	-48.0 %
WSM	williams sonoma inc	-27.8 %
COIN	coinbase global inc	-19.8 %
SNPS	synopsys inc	-14.8 %

Top 5 Losers ($)		$
DECK	deckers outdoor corp	-15.2 M
ELF	e l f beauty inc	-2.3 M
MSFT	microsoft corp	-1.2 M
QCOM	qualcomm inc	-1.2 M
SNPS	synopsys inc	-1.1 M

Covenant Asset Management, LLC Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Covenant Asset Management, LLC

Covenant Asset Management, LLC has 141 stocks in it's portfolio. About 27.6% of the portfolio is in top 10 stocks. DECK proved to be the most loss making stock for the portfolio. AAPL was the most profitable stock for Covenant Asset Management, LLC last quarter.

Last Reported on: 12 Nov, 2024

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAPL	apple inc	3.74	102,222	23,817,700	reduced	-0.56

AAXJ	ishares tr	0.04	2,619	284,502	added	5.86

ABBV	abbvie inc	0.77	24,770	4,891,580	reduced	-3.77

ABT	abbott labs	0.09	4,983	568,112	unchanged	0.00

ACES	alps etf tr	0.12	15,627	736,501	added	0.4

ADBE	adobe inc	0.19	2,340	1,211,610	reduced	-1.06

ADP	automatic data processing in	0.80	18,477	5,113,280	reduced	-3.27

AFL	aflac inc	0.18	10,160	1,135,890	unchanged	0.00

AGGP	new york life investments et	0.04	8,967	247,848	added	5.25

AGZD	wisdomtree tr	0.13	15,437	828,967	reduced	-1.91

AIRR	first tr exchange-traded fd	0.04	4,459	264,018	new

AMD	advanced micro devices inc	1.46	56,477	9,266,750	added	22.34

AMGN	amgen inc	0.27	5,255	1,693,210	reduced	-3.77

AMPS	ishares tr	0.04	2,022	237,828	added	3.16

AMZN	amazon com inc	2.42	82,481	15,368,700	reduced	-1.5

ANET	arista networks inc	1.40	23,137	8,880,440	added	7.66

APD	air prods & chems inc	0.24	5,178	1,541,700	reduced	-3.00

ARKF	ark etf tr	0.04	4,647	220,872	unchanged	0.00

AVGO	broadcom inc	1.99	73,287	12,642,000	reduced	-2.61

AXP	american express co	0.10	2,261	613,184	reduced	-8.13