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Asset Manager ← All Institutions

Covenant Asset Management, LLC

125 MAPLE AVENUE, CHESTER, NJ 07930 • 9088795330

Q2 2025 · Filed 2025-07-17
Market Value
$486M
+22.4%
Holdings
146
+3
New Purchases
13
Added To
54
Closed
7
Reduced
44
Top 10 Concentration
39.2%
Turnover
13.7%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
NVDA 8.38% 6.81% +1.56% $41M
MELI 1.33% 0.00% +1.33% $6M
AVGO 4.17% 3.00% +1.16% $20M
GEV 1.78% 0.71% +1.07% $9M
GE 0.82% 0.00% +0.82% $4M
HOOD 1.74% 0.92% +0.82% $8M
AXP 0.97% 0.17% +0.80% $5M
GS 0.90% 0.14% +0.76% $4M
SF 0.65% 0.00% +0.65% $3M
MSFT 6.95% 6.40% +0.56% $34M
NFLX 2.99% 2.45% +0.53% $15M
SE 0.46% 0.00% +0.46% $2M
RH 0.38% 0.00% +0.38% $2M
PWR 1.98% 1.64% +0.33% $10M
PLTR 0.37% 0.09% +0.28% $2M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
AAPL 3.67% 5.18% -1.51% $18M
TSM 0.00% 1.33% -1.33% $0
CMG 0.06% 1.08% -1.02% $309K
KKR 0.05% 0.92% -0.87% $260K
GOOGL 1.33% 2.16% -0.82% $6M
JEF 0.00% 0.73% -0.73% $0
MS 0.55% 1.22% -0.67% $3M
DECK 0.00% 0.58% -0.58% $0
VRTX 1.11% 1.53% -0.42% $5M
LLY 1.40% 1.79% -0.39% $7M
MRK 0.91% 1.28% -0.37% $4M
ABBV 0.84% 1.17% -0.33% $4M
QCOM 1.23% 1.47% -0.24% $6M
ADP 1.11% 1.35% -0.23% $5M
AMZN 3.62% 3.84% -0.22% $18M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Technology 36.2%
Financial Services 19.7%
Industrials 13.8%
Healthcare 9.2%
Communication Services 8.9%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 46 $286M 58.8%
Large Cap 83 $187M 38.4%
Mid Cap 9 $9M 1.9%
Small Cap 6 $4M 0.9%
Micro Cap 2 $371K 0.1%

Portfolio Analytics

Avg Market Cap
$381.8B
Median Market Cap
$117.0B
Avg P/E
42.8
Median P/E
29.6
Avg Dividend Yield
0.02%
Avg Beta
1.08
# Stocks
113
# ETFs / Funds
33

Top Holdings (146 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NVDA 8.38% 257,838 $41M $157.99 $14M +7,969 +3.2%
2 MSFT 6.95% 67,974 $34M $497.41 $8M +268 +0.4%
3 AVGO 4.17% 73,516 $20M $275.65 $8M +2,246 +3.1%
4 AAPL 3.67% 86,941 $18M $205.17 -$3M -5,769 -6.2%
5 AMZN 3.62% 80,335 $18M $219.39 $2M +92 +0.1%
6 NFLX 2.99% 10,847 $15M $1,339.13 $5M +397 +3.8%
7 META 2.95% 19,425 $14M $738.08 $4M +732 +3.9%
8 SHOP 2.31% 97,556 $11M $115.35 $2M +1,144 +1.2%
9 PANW 2.14% 50,965 $10M $204.64 $2M +219 +0.4%
10 PWR 1.98% 25,426 $10M $378.08 $3M -288 -1.1%
11 TTD 1.97% 132,954 $10M $71.99 $2M -781 -0.6%
12 HWM 1.84% 48,137 $9M $186.13 $3M -170 -0.3%
13 ANET 1.78% 84,549 $9M $102.31 $2M -468 -0.6%
14 GEV 1.78% 16,342 $9M $529.15 $6M +7,106 +76.9%
15 HOOD 1.74% 90,201 $8M $93.63 $5M +2,398 +2.7%
16 NOW 1.65% 7,786 $8M $1,028.01 $2M +315 +4.2%
17 JPM 1.58% 26,425 $8M $289.91 $1M +296 +1.1%
18 SPY 1.55% 12,208 $8M $617.85 $953K +427 +3.6%
19 SPOT 1.49% 9,462 $7M $767.34 $2M +176 +1.9%
20 LLY 1.40% 8,753 $7M $779.50 -$305K +122 +1.4%
21 ASML 1.36% 8,252 $7M $801.39 $1M -48 -0.6%
22 KLAC 1.36% 7,359 $7M $895.74 $2M +161 +2.2%
23 GOOGL 1.33% 36,773 $6M $176.23 -$2M -18,670 -33.7%
24 MELI 1.33% 2,475 $6M $2,613.63 +2,475 NEW
25 QCOM 1.23% 37,575 $6M $159.26 $139K -477 -1.2%
26 ISRG 1.23% 11,010 $6M $543.41 $570K +81 +0.7%
27 TDG 1.22% 3,916 $6M $1,520.64 $549K +8 +0.2%
28 LNG 1.22% 24,297 $6M $243.52 $335K +177 +0.7%
29 ADP 1.11% 17,555 $5M $308.41 $64K +43 +0.2%
30 VRTX 1.11% 12,155 $5M $445.20 -$669K -387 -3.1%
31 ARM 1.09% 32,827 $5M $161.74 $1M -3,475 -9.6%
32 COF 1.08% 24,653 $5M $212.76 $977K +846 +3.5%
33 UBER 1.05% 54,654 $5M $93.30 $1M +357 +0.7%
34 QQQ 0.98% 8,618 $5M $551.64 $851K +294 +3.5%
35 AXP 0.97% 14,806 $5M $318.98 $4M +12,233 +475.4%
36 MRK 0.91% 55,932 $4M $79.16 -$645K -586 -1.0%
37 GS 0.90% 6,178 $4M $707.75 $4M +5,177 +517.2%
38 BSX 0.88% 39,759 $4M $107.41 $366K +1,051 +2.7%
39 SYK 0.88% 10,772 $4M $395.63 $201K -136 -1.2%
40 COST 0.87% 4,265 $4M $989.99 $278K +95 +2.3%
41 ABBV 0.84% 21,922 $4M $185.62 -$567K -206 -0.9%
42 GE 0.82% 15,583 $4M $257.39 +15,583 NEW
43 HQY 0.80% 37,157 $4M $104.76 $543K -752 -2.0%
44 SF 0.65% 30,376 $3M $103.78 +30,376 NEW
45 VUG 0.64% 7,055 $3M $438.40 $617K +379 +5.7%
46 WM 0.61% 12,895 $3M $228.82 -$47K -54 -0.4%
47 ORCL 0.60% 13,431 $3M $218.62 $1M -23 -0.2%
48 BLK 0.59% 2,712 $3M $1,049.25 $254K -26 -0.9%
49 GOOG 0.55% 15,160 $3M $177.39 $161K -1,020 -6.3%
50 MS 0.55% 18,890 $3M $140.86 -$2M -22,519 -54.4%
51 V 0.49% 6,719 $2M $355.05 $31K
52 HD 0.48% 6,355 $2M $366.64 $43K +114 +1.8%
53 SE 0.46% 14,077 $2M $159.94 +14,077 NEW
54 MSTR 0.46% 5,500 $2M $404.23 $638K
55 TSLA 0.45% 6,948 $2M $317.66 $1M +3,072 +79.3%
56 BX 0.45% 14,718 $2M $149.58 $189K +323 +2.2%
57 JNJ 0.44% 13,997 $2M $152.75 -$229K -275 -1.9%
58 VTV 0.39% 10,771 $2M $176.73 -$103 -250 -2.3%
59 AMLP 0.38% 38,075 $2M $48.86 -$81K +693 +1.9%
60 RH 0.38% 9,700 $2M $189.01 +9,700 NEW
61 PLTR 0.37% 13,155 $2M $136.32 $1M +9,146 +228.1%
62 EPD 0.36% 56,741 $2M $31.01 -$198K -605 -1.1%
63 TXN 0.36% 8,423 $2M $207.62 $238K +18 +0.2%
64 ETN 0.36% 4,879 $2M $356.99 $461K +167 +3.5%
65 HYT 0.35% 175,024 $2M $9.75 $55K +2,684 +1.6%
66 VNQ 0.34% 18,729 $2M $89.06 -$81K -585 -3.0%
67 COIN 0.34% 4,732 $2M $350.49 $847K +19 +0.4%
68 VTI 0.33% 5,359 $2M $303.93 $111K -164 -3.0%
69 PTY 0.32% 111,597 $2M $13.91 -$43K +1,285 +1.2%
70 APD 0.30% 5,097 $1M $282.06 -$75K -33 -0.6%
71 FAST 0.26% 29,858 $1M $42.00 $89K +14,829 +98.7%
72 RTX 0.25% 8,390 $1M $146.02 $380K +2,010 +31.5%
73 RSP 0.25% 6,650 $1M $181.74 $117K +349 +5.5%
74 CVX 0.24% 8,002 $1M $143.19 -$195K -11 -0.1%
75 BAC 0.23% 23,895 $1M $47.32 $132K -45 -0.2%
76 CFG 0.22% 24,406 $1M $44.75 $50K -1,042 -4.1%
77 AFL 0.22% 10,160 $1M $105.46 -$58K
78 CAT 0.22% 2,750 $1M $388.21 $124K -112 -3.9%
79 TMO 0.22% 2,617 $1M $405.46 -$241K
80 PAYX 0.20% 6,846 $996K $145.46 -$60K
81 AMGN 0.20% 3,539 $988K $279.21 -$245K -420 -10.6%
82 VO 0.20% 3,502 $980K $279.83 $82K +29 +0.8%
83 SBUX 0.20% 10,628 $974K $91.63 -$24K +452 +4.4%
84 LHX 0.20% 3,850 $966K $250.85 $199K +187 +5.1%
85 HON 0.18% 3,786 $882K $232.88 $73K -34 -0.9%
86 ADBE 0.18% 2,252 $871K $386.88 -$7K -37 -1.6%
87 DGS 0.17% 15,062 $832K $55.24 $86K -375 -2.4%
88 PWB 0.15% 6,034 $709K $117.44 $129K -3 -0.1%
89 ABT 0.14% 4,951 $673K $136.01 $103K +651 +15.1%
90 IYR 0.13% 6,862 $650K $94.77 -$27K -210 -3.0%
91 ET 0.12% 33,233 $603K $18.13 $13K +1,507 +4.8%
92 VYM 0.12% 4,461 $595K $133.31 -$1K -160 -3.5%
93 DHR 0.12% 2,940 $581K $197.54 -$26K -22 -0.7%
94 TJX 0.12% 4,534 $560K $123.49 $59K +424 +10.3%
95 TSCO 0.11% 10,490 $554K $52.77 -$24K
96 VIG 0.11% 2,667 $546K $204.67 $19K -50 -1.8%
97 SEDG 0.11% 26,000 $530K $20.40 $174K +4,000 +18.2%
98 DGRW 0.10% 5,828 $488K $83.74 $23K +1 +0.0%
99 PEP 0.10% 3,543 $468K $132.04 -$63K
100 MUB 0.09% 3,974 $415K $104.48 -$4K

Options Breakdown

10 Calls $15M Call Value 15 Puts $175M Put Value 11.62 P/C Ratio

Top Calls

SymbolSharesValueStatus
NVDA 29,000 $5M
AVGO 13,000 $4M
AMZN 9,000 $2M
GOOGL 7,000 $1M
SHOP 8,000 $923K
SBUX 10,000 $916K
SEDG 40,300 $822K
JPM 2,000 $580K
TTD 5,000 $360K
BBAI 20,000 $78K NEW

Top Puts

SymbolSharesValueStatus
QQQ 150,000 $83M NEW
BKNG 10,000 $58M NEW
MELI 12,000 $31M NEW
AVGO 10,000 $3M
SEDG 10,000 $204K
REGN $0 SOLD
META $0 SOLD
MSFT $0 SOLD
KLAC $0 SOLD
NFLX $0 SOLD

New Positions

SymbolValue% Port
MELI $6M 1.33%
GE $4M 0.82%
SF $3M 0.65%
SE $2M 0.46%
RH $2M 0.38%
CRCL $363K 0.07%
ARKK $268K 0.06%
AMD $250K 0.05%
NRG $249K 0.05%
FBTC $247K 0.05%
SQ $239K 0.05%
IVW $211K 0.04%
SOUN $131K 0.03%

Sold Out Positions

SymbolValue% Port
DECK —%
JEF —%
VRT —%
UNH —%
TSM —%
REGN —%
XBI —%
View SEC EDGAR Filings for Covenant Asset Management, LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms