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Asset Manager ← All Institutions

Covenant Asset Management, LLC

125 MAPLE AVENUE, CHESTER, NJ 07930 • 9088795330

Q3 2025 · Filed 2025-10-30
Market Value
$529M
+8.9%
Holdings
145
-1
New Purchases
6
Added To
48
Closed
5
Reduced
46
Top 10 Concentration
40.1%
Turnover
7.6%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
RH 1.23% 0.38% +0.86% $7M
HOOD 2.43% 1.74% +0.69% $13M
KKR 0.73% 0.05% +0.68% $4M
NVDA 9.04% 8.38% +0.66% $48M
ORCL 1.21% 0.60% +0.60% $6M
SE 0.99% 0.46% +0.53% $5M
ANET 2.30% 1.78% +0.52% $12M
DASH 0.43% 0.00% +0.43% $2M
SHOP 2.72% 2.31% +0.41% $14M
SOFI 0.41% 0.00% +0.41% $2M
TSLA 0.84% 0.45% +0.39% $4M
GOOGL 1.71% 1.33% +0.38% $9M
GE 1.19% 0.82% +0.36% $6M
AVGO 4.53% 4.17% +0.36% $24M
AAPL 4.00% 3.67% +0.33% $21M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ISRG 0.17% 1.23% -1.06% $883K
SYK 0.00% 0.88% -0.88% $0
HQY 0.00% 0.80% -0.80% $0
TTD 1.22% 1.97% -0.75% $6M
QCOM 0.65% 1.23% -0.58% $3M
NFLX 2.47% 2.99% -0.52% $13M
MSFT 6.64% 6.95% -0.31% $35M
NOW 1.35% 1.65% -0.30% $7M
AMZN 3.33% 3.62% -0.29% $18M
META 2.70% 2.95% -0.25% $14M
TDG 0.98% 1.22% -0.24% $5M
SPOT 1.26% 1.49% -0.23% $7M
MELI 1.10% 1.33% -0.23% $6M
VRTX 0.90% 1.11% -0.22% $5M
ARM 0.89% 1.09% -0.21% $5M

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 44 $319M 60.2%
Large Cap 83 $195M 36.8%
Mid Cap 9 $11M 2.1%
Small Cap 7 $4M 0.8%
Micro Cap 2 $395K 0.1%

Portfolio Analytics

Avg Market Cap
$367.3B
Median Market Cap
$108.6B
Avg P/E
43.5
Median P/E
30.4
Avg Dividend Yield
0.02%
Avg Beta
1.10
# Stocks
112
# ETFs / Funds
33

Top Holdings (145 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NVDA 9.04% 256,470 $48M $186.58 $7M -1,368 -0.5%
2 MSFT 6.64% 67,843 $35M $517.95 $1M -131 -0.2%
3 AVGO 4.53% 72,618 $24M $329.91 $4M -898 -1.2%
4 AAPL 4.00% 83,084 $21M $254.63 $3M -3,857 -4.4%
5 AMZN 3.33% 80,306 $18M $219.57 $8K -29 -0.0%
6 SHOP 2.72% 96,987 $14M $148.61 $3M -569 -0.6%
7 META 2.70% 19,427 $14M $734.37 -$71K +2 +0.0%
8 NFLX 2.47% 10,913 $13M $1,198.92 -$1M +66 +0.6%
9 HOOD 2.43% 89,672 $13M $143.18 $4M -529 -0.6%
10 ANET 2.30% 83,391 $12M $145.71 $4M -1,158 -1.4%
11 PWR 1.98% 25,296 $10M $414.42 $870K -130 -0.5%
12 PANW 1.95% 50,818 $10M $203.62 -$82K -147 -0.3%
13 GEV 1.91% 16,458 $10M $614.90 $1M +116 +0.7%
14 HWM 1.77% 47,745 $9M $196.23 $409K -392 -0.8%
15 GOOGL 1.71% 37,263 $9M $243.10 $3M +490 +1.3%
16 SPY 1.58% 12,518 $8M $666.18 $797K +310 +2.5%
17 JPM 1.58% 26,437 $8M $315.43 $678K +12 +0.1%
18 ASML 1.52% 8,318 $8M $968.09 $1M +66 +0.8%
19 KLAC 1.51% 7,417 $8M $1,078.60 $1M +58 +0.8%
20 NOW 1.35% 7,749 $7M $920.22 -$873K -37 -0.5%
21 LLY 1.28% 8,856 $7M $762.97 -$66K +103 +1.2%
22 SPOT 1.26% 9,559 $7M $698.00 -$588K +97 +1.0%
23 RH 1.23% 32,105 $7M $203.16 $5M +22,405 +231.0%
24 TTD 1.22% 131,285 $6M $49.01 -$3M -1,669 -1.3%
25 ORCL 1.21% 22,723 $6M $281.23 $3M +9,292 +69.2%
26 GE 1.19% 20,880 $6M $300.82 $2M +5,297 +34.0%
27 MELI 1.10% 2,491 $6M $2,336.94 -$647K +16 +0.7%
28 LNG 1.09% 24,650 $6M $234.98 -$125K +353 +1.4%
29 UBER 1.03% 55,726 $5M $97.97 $360K +1,072 +2.0%
30 QQQ 1.00% 8,843 $5M $600.38 $555K +225 +2.6%
31 SE 0.99% 29,403 $5M $178.73 $3M +15,326 +108.9%
32 COF 0.99% 24,695 $5M $212.58 $4K +42 +0.2%
33 TDG 0.98% 3,954 $5M $1,318.02 -$743K +38 +1.0%
34 ADP 0.97% 17,539 $5M $293.51 -$266K -16 -0.1%
35 AXP 0.96% 15,268 $5M $332.16 $349K +462 +3.1%
36 ABBV 0.95% 21,773 $5M $231.54 $972K -149 -0.7%
37 GS 0.95% 6,307 $5M $796.35 $650K +129 +2.1%
38 VRTX 0.90% 12,104 $5M $391.64 -$671K -51 -0.4%
39 ARM 0.89% 33,128 $5M $141.49 -$622K +301 +0.9%
40 MRK 0.88% 55,348 $5M $83.93 $218K -584 -1.0%
41 TSLA 0.84% 10,048 $4M $444.72 $2M +3,100 +44.6%
42 COST 0.75% 4,265 $4M $925.68 -$274K
43 BSX 0.74% 40,250 $4M $97.63 -$341K +491 +1.2%
44 KKR 0.73% 29,826 $4M $129.95 $4M +27,870 +1424.8%
45 GOOG 0.70% 15,160 $4M $243.55 $1M
46 SF 0.67% 31,392 $4M $113.47 $410K +1,016 +3.3%
47 VUG 0.67% 7,351 $4M $479.61 $433K +296 +4.2%
48 QCOM 0.65% 20,835 $3M $166.36 -$3M -16,740 -44.5%
49 BLK 0.60% 2,712 $3M $1,165.87 $316K
50 MS 0.57% 18,886 $3M $158.96 $341K -4 -0.0%
51 WM 0.54% 12,839 $3M $220.83 -$115K -56 -0.4%
52 HD 0.50% 6,497 $3M $405.19 $303K +142 +2.2%
53 JNJ 0.48% 13,776 $3M $185.42 $416K -221 -1.6%
54 BX 0.48% 14,871 $3M $170.85 $339K +153 +1.0%
55 V 0.43% 6,719 $2M $341.38 -$92K
56 DASH 0.43% 8,395 $2M $271.99 +8,395 NEW
57 PLTR 0.43% 12,343 $2M $182.42 $458K -812 -6.2%
58 SOFI 0.41% 81,700 $2M $26.42 +81,700 NEW
59 VTV 0.38% 10,691 $2M $186.48 $90K -80 -0.7%
60 AMLP 0.36% 40,502 $2M $46.93 $40K +2,427 +6.4%
61 ETN 0.34% 4,876 $2M $374.25 $83K -3 -0.1%
62 VTI 0.34% 5,531 $2M $328.17 $186K +172 +3.2%
63 MSTR 0.33% 5,500 $2M $322.21 -$451K
64 EPD 0.32% 54,624 $2M $31.27 -$51K -2,117 -3.7%
65 VNQ 0.32% 18,644 $2M $91.42 $36K -85 -0.5%
66 HYT 0.32% 177,978 $2M $9.50 -$16K +2,954 +1.7%
67 PTY 0.32% 116,813 $2M $14.44 $134K +5,216 +4.7%
68 COIN 0.30% 4,731 $2M $337.49 -$62K -1 -0.0%
69 TXN 0.27% 7,907 $1M $183.73 -$296K -516 -6.1%
70 RTX 0.27% 8,536 $1M $167.33 $203K +146 +1.7%
71 FAST 0.27% 28,956 $1M $49.04 $166K -902 -3.0%
72 APD 0.25% 4,794 $1M $272.72 -$130K -303 -5.9%
73 RSP 0.25% 6,887 $1M $189.70 $98K +237 +3.6%
74 CFG 0.25% 24,446 $1M $53.16 $207K +40 +0.2%
75 CAT 0.24% 2,704 $1M $477.15 $223K -46 -1.7%
76 TMO 0.24% 2,617 $1M $485.02 $208K
77 BAC 0.23% 23,672 $1M $51.59 $91K -223 -0.9%
78 CVX 0.23% 7,822 $1M $155.29 $69K -180 -2.2%
79 LHX 0.23% 3,902 $1M $305.44 $226K +52 +1.4%
80 AFL 0.21% 9,975 $1M $111.70 $43K -185 -1.8%
81 VO 0.20% 3,545 $1M $293.74 $61K +43 +1.2%
82 SEDG 0.18% 26,000 $962K $37.00 $432K
83 AMGN 0.18% 3,401 $960K $282.20 -$28K -138 -3.9%
84 SBUX 0.17% 10,582 $895K $84.60 -$79K -46 -0.4%
85 ISRG 0.17% 1,975 $883K $447.23 -$5M -9,035 -82.1%
86 DGS 0.16% 14,787 $844K $57.10 $12K -275 -1.8%
87 ADBE 0.15% 2,187 $771K $352.75 -$100K -65 -2.9%
88 HON 0.14% 3,635 $765K $210.50 -$117K -151 -4.0%
89 PWB 0.14% 6,076 $762K $125.42 $53K +42 +0.7%
90 PAYX 0.14% 5,973 $757K $126.76 -$239K -873 -12.8%
91 ABT 0.13% 5,138 $688K $133.94 $15K +187 +3.8%
92 TJX 0.12% 4,545 $657K $144.54 $97K +11 +0.2%
93 IYR 0.12% 6,652 $646K $97.08 -$5K -210 -3.1%
94 VYM 0.12% 4,461 $629K $140.95 $34K
95 TSCO 0.11% 10,490 $597K $56.87 $43K
96 DHR 0.11% 2,940 $583K $198.26 $2K
97 VIG 0.11% 2,652 $572K $215.79 $26K -15 -0.6%
98 ET 0.11% 32,691 $561K $17.16 -$42K -542 -1.6%
99 DGRW 0.10% 5,828 $518K $88.96 $30K
100 PEP 0.09% 3,543 $498K $140.44 $30K

Options Breakdown

13 Calls $17M Call Value 10 Puts $338M Put Value 19.61 P/C Ratio

Top Calls

SymbolSharesValueStatus
AVGO 13,000 $4M
NVDA 14,500 $3M
AMZN 10,000 $2M
GOOGL 8,100 $2M
SHOP 9,600 $1M
SEDG 35,300 $1M
SBUX 10,000 $846K
META 1,000 $734K NEW
JPM 2,000 $631K
TSLA 1,000 $445K NEW

Top Puts

SymbolSharesValueStatus
QQQ 250,000 $150M
BKNG 24,000 $130M
MELI 11,000 $26M
NFLX 7,500 $9M NEW
COST 8,000 $7M NEW
SPOT 10,000 $7M NEW
MPWR 7,500 $7M NEW
AVGO 5,000 $2M
HOOD 3,300 $472K NEW
SEDG $0 SOLD

New Positions

SymbolValue% Port
DASH $2M 0.43%
SOFI $2M 0.41%
OKLO $287K 0.05%
XBI $235K 0.04%
AEM $203K 0.04%
BBAI $130K 0.02%

Sold Out Positions

SymbolValue% Port
BMY —%
CMG —%
SYK —%
CRCL —%
HQY —%
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