Latest Covenant Partners, LLC Stock Portfolio

$328Million– No. of Holdings #178

Covenant Partners, LLC Performance:

2024 Q2: 0.35%YTD: 5.95%2023: 12.46%

Performance for 2024 Q2 is 0.35%, and YTD is 5.95%, and 2023 is 12.46%.

About Covenant Partners, LLC and 13F Hedge Fund Stock Holdings

In it's latest 13F Holdings report, Covenant Partners, LLC reported an equity portfolio of $329 Millions as of 30 Jun, 2024.

The top stock holdings of Covenant Partners, LLC are IJR, AAXJ, AAXJ. The fund has invested 16.5% of it's portfolio in ISHARES TR and 8.8% of portfolio in ISHARES TR.

The fund managers got completely rid off US BANCORP DEL (USB), MICROCHIP TECHNOLOGY INC. (MCHP) and WASTE CONNECTIONS INC (WCN) stocks. They significantly reduced their stock positions in FACTSET RESH SYS INC (FDS), MERCADOLIBRE INC (MELI) and VALVOLINE INC (VVV). Covenant Partners, LLC opened new stock positions in TAIWAN SEMICONDUCTOR MFG LTD (TSM), NU HLDGS LTD (NU) and COUPANG INC (CPNG). The fund showed a lot of confidence in some stocks as they added substantially to PRUDENTIAL PLC, I3 VERTICALS INC (IIIV) and APPLE INC (AAPL).

Covenant Partners, LLC Equity Portfolio Value

Last Reported on: 05 Aug, 2024

Covenant Partners, LLC Annual Return Estimates Vs S&P 500

Our best estimate is that Covenant Partners, LLC made a return of 0.35% in the last quarter. In trailing 12 months, it's portfolio return was 11%.

New Buys

Ticker	$ Bought
taiwan semiconductor mfg ltd	554,281
nu hldgs ltd	471,942
coupang inc	428,030
hologic inc	403,326
spotify technology s a	361,173
pure storage inc	302,301
weatherford intl plc	301,105
caseys gen stores inc	286,552

New stocks bought by Covenant Partners, LLC

Additions

Ticker	% Inc.
prudential plc	137
ubs group ag	102
canadian nat res ltd	91.81
astrazeneca plc	18.63
gsk plc	12.55
i3 verticals inc	6.64
koninklijke philips n v	3.41
apple inc	2.36

Additions to existing portfolio by Covenant Partners, LLC

Reductions

Ticker	% Reduced
factset resh sys inc	-38.42
mercadolibre inc	-29.00
valvoline inc	-28.93
atlassian corporation	-27.92
championx corporation	-25.1
darden restaurants inc	-20.18
bp plc	-16.65
verizon communications inc	-14.51

Covenant Partners, LLC reduced stake in above stock

Sold off

Ticker	$ Sold
banco bradesco s a	-164,144
takeda pharmaceutical co ltd	-393,643
us bancorp del	-754,358
cushman wakefield plc	-117,738
nov inc	-210,953
british amern tob plc	-283,650
doubleverify hldgs inc	-307,510
vornado rlty tr	-218,652

Covenant Partners, LLC got rid off the above stocks

Sector Distribution

Covenant Partners, LLC has about 70.7% of it's holdings in Others sector.

Sector	%
Others	70.7
Technology	8.8
Financial Services	4.4
Industrials	4.3
Healthcare	4.1
Consumer Cyclical	2.8
Communication Services	1.9
Energy	1.1

Market Cap. Distribution

Covenant Partners, LLC has about 26.2% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
UNALLOCATED	71
LARGE-CAP	14.3
MEGA-CAP	11.9
MID-CAP	1.4
SMALL-CAP	1.3

Stocks belong to which Index?

About 25.7% of the stocks held by Covenant Partners, LLC either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	74.3
S&P 500	23.7
RUSSELL 2000	2

Top 5 Winners (%)		%
NVDA	nvidia corporation	36.7 %
FN	fabrinet	28.5 %
AAPL	apple inc	22.6 %
MPWR	monolithic pwr sys inc	21.3 %
GOOG	alphabet inc	20.7 %

Top 5 Winners ($)		$
IJR	ishares tr	4.1 M
NVDA	nvidia corporation	1.3 M
AAPL	apple inc	0.6 M
MSFT	microsoft corp	0.3 M
GOOG	alphabet inc	0.3 M

Top 5 Losers (%)		%
ULTA	ulta beauty inc	-26.2 %
POOL	pool corp	-23.8 %
CRL	charles riv labs intl inc	-23.8 %
SAIA	saia inc	-18.9 %
WDAY	workday inc	-18.0 %

Top 5 Losers ($)		$
IJR	ishares tr	-0.9 M
IJR	ishares tr	-0.7 M
IJR	ishares tr	-0.6 M
IJR	ishares tr	-0.6 M
IJR	ishares tr	-0.5 M

Covenant Partners, LLC Holdings Map

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

Current Stock Holdings of Covenant Partners, LLC

Covenant Partners, LLC has 178 stocks in it's portfolio. About 63.5% of the portfolio is in top 10 stocks. IJR proved to be the most loss making stock for the portfolio. IJR was the most profitable stock for Covenant Partners, LLC last quarter.

Last Reported on: 05 Aug, 2024

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAPL	apple inc	1.04	16,230	3,418,360	added	2.36

AAXJ	ishares tr	8.82	546,841	29,004,400	reduced	-9.49

AAXJ	ishares tr	7.44	239,195	24,469,600	reduced	-7.07

AAXJ	ishares tr	2.56	136,410	8,408,310	reduced	-6.28

AAXJ	ishares tr	0.76	32,496	2,506,740	reduced	-1.52

AAXJ	ishares tr	0.00	8.00	429	new

ABBV	abbvie inc	0.48	9,178	1,574,210	unchanged	0.00

ABT	abbott labs	0.26	8,267	859,024	unchanged	0.00

ACGL	arch cap group ltd	0.27	8,784	886,218	unchanged	0.00

ACN	accenture plc ireland	0.57	6,222	1,887,820	unchanged	0.00

ADBE	adobe inc	0.21	1,245	691,648	unchanged	0.00

AHCO	adapthealth corp	0.09	30,271	302,710	unchanged	0.00

AJG	gallagher arthur j & co	0.42	5,288	1,371,230	unchanged	0.00

AKAM	akamai technologies inc	0.00	0.00	0.00	sold off	-100

AMAT	applied matls inc	0.17	2,324	548,441	unchanged	0.00

AMD	advanced micro devices inc	0.11	2,244	364,000	unchanged	0.00

AMGN	amgen inc	0.19	1,978	618,027	reduced	-0.85

AMP	ameriprise finl inc	0.50	3,882	1,658,350	unchanged	0.00

AMZN	amazon com inc	0.85	14,409	2,784,540	unchanged	0.00

AON	aon plc	0.22	2,454	720,446	unchanged	0.00