Latest Covenant Asset Management, LLC Stock Portfolio

Covenant Asset Management, LLC Performance:

2025 Q2: 16.73%YTD: 6.55%2024: 10.91%

Performance for 2025 Q2 is 16.73%, and YTD is 6.55%, and 2024 is 10.91%.

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 $676.6 Millions as of 30 Jun, 2025.

The top stock holdings of Covenant Asset Management, LLC are NVDA, MSFT, AVGO. The fund has invested 6% of it's portfolio in NVIDIA CORPORATION and 5% of portfolio in MICROSOFT CORP.

The fund managers got completely rid off TAIWAN SEMICONDUCTOR MFG LTD (TSM), JEFFERIES FINL GROUP INC (JEF) and DECKERS OUTDOOR CORP (DECK) stocks. They significantly reduced their stock positions in KKR & CO INC (KKR), CHIPOTLE MEXICAN GRILL INC (CMG) and MORGAN STANLEY (MS). Covenant Asset Management, LLC opened new stock positions in MERCADOLIBRE INC (MELI), GE AEROSPACE (GE) and STIFEL FINL CORP (SF). The fund showed a lot of confidence in some stocks as they added substantially to GOLDMAN SACHS GROUP INC (GS), AMERICAN EXPRESS CO (AXP) and PALANTIR TECHNOLOGIES INC (PLTR).

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

Our best estimate is that Covenant Asset Management, LLC made a return of 16.73% in the last quarter. In trailing 12 months, it's portfolio return was -1.01%.

New Buys

Ticker	$ Bought
mercadolibre inc	6,468,740
ge aerospace	4,010,910
stifel finl corp	3,152,420
sea ltd	2,251,480
rh	1,833,400
circle internet group inc	362,580
ark etf tr	267,735
advanced micro devices inc	250,049

New stocks bought by Covenant Asset Management, LLC

Additions

Ticker	% Inc.
goldman sachs group inc	517
american express co	475
palantir technologies inc	228
fastenal co	98.67
tesla inc	79.26
ge vernova inc	76.94
rtx corporation	31.5
solaredge technologies inc	18.18

Additions to existing portfolio by Covenant Asset Management, LLC

Reductions

Ticker	% Reduced
kkr & co inc	-93.84
chipotle mexican grill inc	-93.57
morgan stanley	-54.38
alphabet inc	-33.67
procter and gamble co	-19.59
amgen inc	-10.61
arm holdings plc	-9.57
prologis inc.	-6.93

Covenant Asset Management, LLC reduced stake in above stock

Sold off

Ticker	$ Sold
jefferies finl group inc	-2,912,820
taiwan semiconductor mfg ltd	-5,286,770
deckers outdoor corp	-2,306,750
vertiv holdings co	-511,610
spdr ser tr	-207,535
unitedhealth group inc	-324,202

Covenant Asset Management, LLC got rid off the above stocks

Sector Distribution

Covenant Asset Management, LLC has about 38.5% of it's holdings in Technology sector.

Sector	%
Technology	38.5
Others	16.6
Industrials	9.5
Healthcare	9.2
Communication Services	7.8
Financial Services	7.7
Consumer Cyclical	6.8
Energy	2.2
Consumer Defensive	1.1

Market Cap. Distribution

Covenant Asset Management, LLC has about 81.2% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
MEGA-CAP	43.7
LARGE-CAP	37.5
UNALLOCATED	16.6
MID-CAP	2

Stocks belong to which Index?

About 73.6% of the stocks held by Covenant Asset Management, LLC either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	72.2
Others	26.3
RUSSELL 2000	1.4

Top 5 Winners (%)		%
HOOD	robinhood mkts inc	122.1 %
COIN	coinbase global inc	103.2 %
AVGO	broadcom inc	62.8 %
ORCL	oracle corp	56.3 %
PWR	quanta svcs inc	48.6 %

Top 5 Winners ($)		$
NVDA	nvidia corporation	12.6 M
MSFT	microsoft corp	8.3 M
AVGO	broadcom inc	7.8 M
HOOD	robinhood mkts inc	4.6 M
NFLX	netflix inc	4.3 M

Top 5 Losers (%)		%
FAST	fastenal co	-44.7 %
BMY	bristol-myers squibb co	-24.0 %
TMO	thermo fisher scientific inc	-18.5 %
OKE	oneok inc new	-17.7 %
CQP	cheniere energy partners lp	-15.1 %

Top 5 Losers ($)		$
AAPL	apple inc	-1.6 M
FAST	fastenal co	-1.0 M
MRK	merck & co inc	-0.6 M
ABBV	abbvie inc	-0.5 M
VRTX	vertex pharmaceuticals inc	-0.5 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 140 stocks in it's portfolio. About 28.1% of the portfolio is in top 10 stocks. AAPL proved to be the most loss making stock for the portfolio. NVDA was the most profitable stock for Covenant Asset Management, LLC last quarter.

Last Reported on: 17 Jul, 2025

Ticker	Namesorted descending	% Portfolio	Shares Held	$ Value	Type	% Change
NVDA	nvidia corporation	6.02	257,838	40,735,800	added	3.19

MSFT	microsoft corp	5.00	67,974	33,810,700	added	0.4

AVGO	broadcom inc	3.00	73,516	20,264,700	added	3.15

AAPL	apple inc	2.64	86,941	17,837,600	reduced	-6.22

AMZN	amazon com inc	2.60	80,335	17,624,700	added	0.11

NFLX	netflix inc	2.15	10,847	14,525,500	added	3.8

META	meta platforms inc	2.12	19,425	14,337,200	added	3.92

	shopify inc	1.66	97,556	11,253,100	added	1.19

PANW	palo alto networks inc	1.54	50,965	10,429,600	added	0.43

PWR	quanta svcs inc	1.42	25,426	9,613,060	reduced	-1.12

TTD	the trade desk inc	1.42	132,954	9,571,360	reduced	-0.58

HWM	howmet aerospace inc	1.32	48,137	8,959,740	reduced	-0.35

ANET	arista networks inc	1.28	84,549	8,650,210	reduced	-0.55

	ge vernova inc	1.28	16,342	8,647,370	added	76.94

HOOD	robinhood mkts inc	1.25	90,201	8,445,520	added	2.73

NOW	servicenow inc	1.18	7,786	8,004,120	added	4.22

JPM	jpmorgan chase & co.	1.13	26,425	7,660,850	added	1.13

SPY	spdr s&p 500 etf tr	1.11	12,208	7,542,710	added	3.62

	spotify technology s a	1.07	9,462	7,260,570	added	1.9

LLY	eli lilly & co	1.01	8,753	6,822,930	added	1.41