Latest Covenant Asset Management, LLC Stock Portfolio

Covenant Asset Management, LLC Performance:

2025 Q4: -12.67%YTD: 2.29%2024: 23.81%

Performance for 2025 Q4 is -12.67%, and YTD is 2.29%, and 2024 is 23.81%.

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

On 2026-01-30, the fund reported it's updated stock portfolio. In the 13F Holdings report, Covenant Asset Management, LLC reported an equity portfolio of $844.4 Millions as of 31 Dec, 2025.

The top stock holdings of Covenant Asset Management, LLC are NVDA, MSFT, AVGO. The fund has invested 5.6% of it's portfolio in NVIDIA CORPORATION and 3.9% of portfolio in MICROSOFT CORP.

The fund managers got completely rid off MERCADOLIBRE INC (MELI), CHENIERE ENERGY INC (LNG) and SEA LTD (SE) stocks. They significantly reduced their stock positions in RH (RH), VALERO ENERGY CORP (VLO) and STARBUCKS CORP (SBUX). Covenant Asset Management, LLC opened new stock positions in WAYFAIR INC (W), LAUDER ESTEE COS INC (EL) and INTERACTIVE BROKERS GROUP IN (IBKR). The fund showed a lot of confidence in some stocks as they added substantially to NETFLIX INC (NFLX), SERVICENOW INC (NOW) and SOFI TECHNOLOGIES INC (SOFI).

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

Our best estimate is that Covenant Asset Management, LLC made a return of -12.67% in the last quarter. In trailing 12 months, it's portfolio return was 2.29%.

Performance
S&P 500

New Buys

Ticker	$ Bought
wayfair inc	4,402,980
lauder estee cos inc	3,634,100
interactive brokers group in	3,027,650
argan inc	2,748,440
analog devices inc	2,499,920
credo technology group holdi	2,193,890
vanguard bd index fds	1,177,000
applovin corp	378,014

New stocks bought by Covenant Asset Management, LLC

Additions

Ticker	% Inc.
netflix inc	906
servicenow inc	169
sofi technologies inc	120
tesla inc	82.09
wisdomtree tr	47.5
vanguard index fds	15.28
coinbase global inc	9.17
vanguard index fds	8.75

Additions to existing portfolio by Covenant Asset Management, LLC

Reductions

Ticker	% Reduced
rh	-82.55
valero energy corp	-38.61
starbucks corp	-22.1
air prods & chems inc	-17.94
pepsico inc	-15.07
wisdomtree tr	-13.12
the trade desk inc	-12.31
adobe inc	-9.88

Covenant Asset Management, LLC reduced stake in above stock

Sold off

Ticker	$ Sold
kkr & co inc	-3,875,890
sea ltd	-5,255,200
cheniere energy inc	-5,792,260
blackrock mun income quality	-130,032
doordash inc	-2,283,360
block inc	-254,030
fidelity wise origin bitcoin	-262,301
oklo inc	-286,890

Covenant Asset Management, LLC got rid off the above stocks

Sector Distribution

Covenant Asset Management, LLC has about 38.4% of it's holdings in Technology sector.

Sector	%
Technology	38.4
Others	17.1
Industrials	9.9
Financial Services	9.7
Communication Services	7.7
Healthcare	7.2
Consumer Cyclical	7.1
Consumer Defensive	1.6

Market Cap. Distribution

Covenant Asset Management, LLC has about 78.8% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
MEGA-CAP	47
LARGE-CAP	31.8
UNALLOCATED	17.1
MID-CAP	3.3

Stocks belong to which Index?

About 74.6% of the stocks held by Covenant Asset Management, LLC either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	73.3
Others	25.4
RUSSELL 2000	1.3

Top 5 Winners (%)		%
LLY	eli lilly & co	40.8 %
AMD	advanced micro devices inc	31.6 %
GOOG	alphabet inc	28.8 %
GOOG	alphabet inc	28.5 %
ISRG	intuitive surgical inc	26.6 %

Top 5 Winners ($)		$
LLY	eli lilly & co	2.8 M
GOOG	alphabet inc	2.6 M
AAPL	apple inc	1.4 M
	shopify inc	1.2 M
MRK	merck & co inc	1.2 M

Top 5 Losers (%)		%
NFLX	netflix inc	-86.6 %
NOW	servicenow inc	-77.4 %
MSTR	strategy inc	-52.6 %
SOUN	soundhound ai inc	-38.0 %
COIN	coinbase global inc	-32.0 %

Top 5 Losers ($)		$
NFLX	netflix inc	-66.7 M
NOW	servicenow inc	-11.0 M
HOOD	robinhood mkts inc	-2.7 M
MSFT	microsoft corp	-2.3 M
ORCL	oracle corp	-1.9 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 24.7% of the portfolio is in top 10 stocks. NFLX proved to be the most loss making stock for the portfolio. LLY was the most profitable stock for Covenant Asset Management, LLC last quarter.

Last Reported on: 30 Jan, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAPL	apple inc	2.59	80,379	21,851,900	reduced	-3.26

AAXJ	ishares tr	0.05	4,174	447,078	added	5.03

ABBV	abbvie inc	0.58	21,444	4,899,740	reduced	-1.51

ABT	abbott labs	0.08	5,098	638,729	reduced	-0.78

ACES	alps etf tr	0.23	40,612	1,909,580	added	0.27

ADBE	adobe inc	0.08	1,971	689,831	reduced	-9.88

ADI	analog devices inc	0.30	9,218	2,499,920	new

ADP	automatic data processing in	0.53	17,444	4,487,220	reduced	-0.54

AFL	aflac inc	0.13	9,975	1,099,940	unchanged	0.00

AGGP	new york life investments et	0.04	9,080	294,646	added	0.34

AGX	argan inc	0.33	8,772	2,748,440	new

AGZD	wisdomtree tr	0.09	12,847	735,363	reduced	-13.12

ALCC	oklo inc	0.00	0.00	0.00	sold off	-100

AMD	advanced micro devices inc	0.05	1,824	390,659	added	3.52

AMGN	amgen inc	0.13	3,399	1,112,530	reduced	-0.06

AMPS	ishares tr	0.03	1,823	221,696	added	3.7

AMZN	amazon com inc	2.21	80,702	18,627,600	added	0.49

ANET	arista networks inc	1.30	83,491	10,939,800	added	0.12

APD	air prods & chems inc	0.12	3,934	971,777	reduced	-17.94

APP	applovin corp	0.04	561	378,014	new