Covenant Asset Management, LLC
CIK 1697717 · View on SEC EDGAR ↗
- Portfolio value
- $594.6M
- Positions
- 164
- As of
- June 30, 2026
#3,395 of 9,443 by 13F value · top 36.0%
Portfolio value QoQ: -10.5% 13F does not disclose cash
- Top 10 holdings weight
- 37.67%
- Top 25 holdings weight
- 60.74%
- Positions above 1%
- 33
- Effective number of positions
- 44.7
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 8.44% Est. buys $53,134,971 · sells $63,530,898
Median holding: 6.0 quarters Tracked Q4 2024–Q2 2026 · 67.5% still held
- New positions
- 20
- Increased
- 28
- Decreased
- 82
- Closed
- 9
Put-notional exposure: 3.1% puts 13F reports option positions at underlying notional value — may include hedges, not necessarily bearish bets
On this page
- Performance vs S&P How this manager's 13F portfolio performed against the S&P 500.
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Performance vs S&P 500
Annualized: +14.5% · S&P 500: +18.0%
Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.
Priceable coverage: 95.1% · Options excluded: 31.2%
Sector breakdown
Technology
35.5%
Industrials
19.8%
Financial Services
8.6%
Communication Services
8.3%
Healthcare
7.9%
Retail
5.1%
Financials
2.1%
Communications
1.4%
Consumer Discretionary
1.4%
Energy
0.8%
Materials
0.2%
Utilities
0.2%
Real Estate
0.1%
Consumer Staples
0.1%
Other/Unmapped
8.3%
Full portfolio 164 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| NVDA NVIDIA Corporation - Common Stock | $47,189,281 | 7.94% | 235,840 | $4,183,046 | Down ×4 | ||
| MSFT Microsoft Corporation - Common Stock | $24,566,166 | 4.13% | 65,858 | $-148,050 | Down ×2 | ||
| AAPL Apple Inc. - Common Stock | $23,273,327 | 3.91% | 80,430 | $2,162,766 | Down ×1 | ||
| KLAC KLA Corporation - Common Stock | $21,888,759 | 3.68% | 72,549 | $10,908,997 | Up ×2 | ||
| AVGO Broadcom Inc. - Common Stock | $20,263,331 | 3.41% | 53,642 | $3,089,549 | Down ×4 | ||
| GEV GE Vernova Inc. Common Stock | $19,033,907 | 3.20% | 16,201 | $4,307,211 | Down ×1 | ||
| AMZN Amazon.com, Inc. - Common Stock | $18,286,875 | 3.08% | 76,726 | $2,072,638 | Down ×2 | ||
| PWR Quanta Services, Inc. Common Stock | $17,638,820 | 2.97% | 24,497 | $3,703,045 | Down ×1 | ||
| ASML ASML Holding N.V. - New York Registry Shares | $16,422,828 | 2.76% | 8,255 | $5,380,689 | Down ×1 | ||
| GOOGL Alphabet Inc. - Class A Common Stock | $15,392,641 | 2.59% | 43,072 | $2,738,850 | Down ×1 | ||
| HWM Howmet Aerospace Inc. Common Stock | $12,768,968 | 2.15% | 47,493 | $1,575,064 | Down ×1 | ||
| META Meta Platforms, Inc. - Class A Common Stock | $11,127,043 | 1.87% | 19,754 | $-287,904 | Down ×1 | ||
| LLY Eli Lilly and Company Common Stock | $10,742,833 | 1.81% | 8,957 | $2,498,368 | Down ×1 | ||
| SHOP Shopify Inc. - Class A Subordinate Voting Shares | $10,353,272 | 1.74% | 90,675 | $-736,394 | Down ×4 | ||
| TSM Taiwan Semiconductor Manufacturing Company Ltd. | $10,036,134 | 1.69% | 21,015 | $2,831,377 | Down ×1 | ||
| SPY SPY | $9,476,512 | 1.59% | 12,690 | $1,363,520 | Up ×1 | ||
| HOOD Robinhood Markets, Inc. - Class A Common Stock | $8,880,998 | 1.49% | 88,562 | $2,650,720 | Down ×2 | ||
| MS Morgan Stanley Common Stock | $8,276,384 | 1.39% | 39,592 | $5,564,176 | Up ×1 | ||
| JPM JP Morgan Chase & Co. Common Stock | $8,229,235 | 1.38% | 25,140 | $608,875 | Down ×3 | ||
| GE GE Aerospace Common Stock | $8,148,809 | 1.37% | 21,804 | $1,825,562 | Down ×1 | ||
| ANET Arista Networks, Inc. Common Stock | $8,008,823 | 1.35% | 47,144 | $1,958,470 | Down ×2 | ||
| AZN AstraZeneca PLC - American Depositary Shares | $7,940,148 | 1.34% | 41,874 | $-708,936 | Down ×1 | ||
| SOFI SoFi Technologies, Inc. - Common Stock | $7,764,623 | 1.31% | 433,052 | ||||
| BE Bloom Energy Corporation Class A Common Stock | $7,739,131 | 1.30% | 25,567 | $4,233,462 | Down ×1 | ||
| TSLA Tesla, Inc. - Common Stock | $7,707,495 | 1.30% | 18,325 | $1,015,623 | Up ×1 | ||
| ADI Analog Devices, Inc. - Common Stock | $7,240,012 | 1.22% | 18,229 | $1,302,883 | Down ×1 | ||
| NFLX Netflix, Inc. - Common Stock | $7,186,053 | 1.21% | 100,645 | $-2,748,550 | Down ×2 | ||
| AGX Argan, Inc. Common Stock | $6,987,313 | 1.18% | 8,750 | $2,239,054 | Up ×1 | ||
| MRK Merck & Company, Inc. Common Stock (new) | $6,928,720 | 1.17% | 53,920 | $274,277 | Down ×1 | ||
| GS Goldman Sachs Group, Inc. (The) Common Stock | $6,585,031 | 1.11% | 6,511 | $1,012,494 | Down ×1 | ||
| QQQ Invesco QQQ Trust, Series 1 | $6,420,290 | 1.08% | 8,718 | $1,071,862 | Down ×1 | ||
| AXP American Express Company Common Stock | $6,257,625 | 1.05% | 18,500 | $580,075 | Down ×1 | ||
| RBC RBC Bearings Incorporated Common Stock | $6,207,451 | 1.04% | 9,638 | $1,083,656 | Up ×1 | ||
| VRTX Vertex Pharmaceuticals Incorporated - Common Stock | $5,852,473 | 0.98% | 11,782 | $457,823 | Down ×1 | ||
| ODFL Old Dominion Freight Line, Inc. - Common Stock | $5,611,457 | 0.94% | 25,907 | $529,493 | Down ×1 | ||
| GOOG Alphabet Inc. - Class C Capital Stock | $5,360,017 | 0.90% | 15,170 | $1,008,350 | |||
| ABBV AbbVie Inc. Common Stock | $5,019,464 | 0.84% | 19,947 | $396,061 | Down ×6 | ||
| COF Capital One Financial Corporation Common Stock | $4,972,969 | 0.84% | 24,788 | $374,638 | Down ×1 | ||
| FTAI FTAI Aviation Ltd. - Common Stock | $4,915,801 | 0.83% | 18,171 | $548,431 | Up ×1 | ||
| GOOG Alphabet Inc. - Class C Capital Stock | $4,593,290 | 0.77% | 13,000 | Put option | $864,110 | ||
| VUG | $3,978,402 | 0.67% | 46,185 | $729,557 | Up ×1 | ||
| COST Costco Wholesale Corporation - Common Stock | $3,897,410 | 0.66% | 4,166 | $-253,969 | |||
| ADP Automatic Data Processing, Inc. - Common Stock | $3,669,281 | 0.62% | 16,384 | $176,134 | Down ×4 | ||
| GOOGL Alphabet Inc. - Class A Common Stock | $3,573,700 | 0.60% | 10,000 | Put option | $698,100 | ||
| BE Bloom Energy Corporation Class A Common Stock | $3,420,510 | 0.58% | 11,300 | Put option | $575,220 | Down ×1 | |
| PANW Palo Alto Networks, Inc. - Common Stock | $3,405,767 | 0.57% | 9,987 | $1,803,047 | Down ×4 | ||
| CAH Cardinal Health, Inc. Common Stock | $3,397,584 | 0.57% | 14,302 | $247,585 | Down ×1 | ||
| JNJ Johnson & Johnson Common Stock | $3,225,479 | 0.54% | 12,700 | $-67,507 | Down ×6 | ||
| ORCL Oracle Corporation Common Stock | $3,056,698 | 0.51% | 20,858 | $-712,307 | Down ×1 | ||
| GEV GE Vernova Inc. Common Stock | $2,937,150 | 0.49% | 2,500 | Put option | $-4,307,920 | Down ×1 | |
| APH Amphenol Corporation Common Stock | $2,932,378 | 0.49% | 16,631 | Up ×1 | |||
| CAT Caterpillar, Inc. Common Stock | $2,739,988 | 0.46% | 2,573 | $828,562 | Down ×6 | ||
| BE Bloom Energy Corporation Class A Common Stock | $2,724,300 | 0.46% | 9,000 | Call option | Up ×1 | ||
| QCOM QUALCOMM Incorporated - Common Stock | $2,697,565 | 0.45% | 14,598 | $562,006 | Down ×6 | ||
| BLK BlackRock, Inc. Common Stock | $2,565,526 | 0.43% | 2,668 | $-40,709 | Down ×2 | ||
| WM Waste Management, Inc. Common Stock | $2,523,028 | 0.42% | 11,320 | $-143,023 | Down ×6 | ||
| AVGO Broadcom Inc. - Common Stock | $2,455,375 | 0.41% | 6,500 | Call option | $443,560 | ||
| AVGO Broadcom Inc. - Common Stock | $2,455,375 | 0.41% | 6,500 | Put option | |||
| BIV | $2,346,253 | 0.39% | 30,590 | $-161,171 | Down ×1 | ||
| V Visa Inc. | $2,305,222 | 0.39% | 6,719 | $274,471 | |||
| VTV | $2,299,925 | 0.39% | 10,554 | $254,049 | Up ×1 | ||
| TXN Texas Instruments Incorporated - Common Stock | $2,229,564 | 0.37% | 7,480 | $774,290 | Down ×1 | ||
| VTI | $2,209,509 | 0.37% | 5,971 | $333,412 | Up ×4 | ||
| HD Home Depot, Inc. (The) Common Stock | $2,176,741 | 0.37% | 6,172 | $120,191 | Down ×3 | ||
| AMZN Amazon.com, Inc. - Common Stock | $2,145,060 | 0.36% | 9,000 | Call option | $20,706 | Down ×1 | |
| RH RH Common Stock | $2,111,674 | 0.36% | 12,819 | $191,945 | Down ×1 | ||
| AMLP | $2,088,467 | 0.35% | 40,279 | $-231,326 | Down ×1 | ||
| ETN Eaton Corporation, PLC Ordinary Shares | $1,952,056 | 0.33% | 4,581 | $247,758 | Down ×2 | ||
| EPD Enterprise Products Partners L.P. Common Stock | $1,836,861 | 0.31% | 49,969 | $-175,433 | Down ×6 | ||
| GOOGL Alphabet Inc. - Class A Common Stock | $1,786,850 | 0.30% | 5,000 | Call option | $-801,190 | Down ×1 | |
| PLTR Palantir Technologies Inc. - Class A Common Stock | $1,778,751 | 0.30% | 15,246 | $-3,072,187 | Down ×1 | ||
| BX Blackstone Inc. Common Stock | $1,639,556 | 0.28% | 13,934 | $-52,754 | Down ×3 | ||
| SEDG SolarEdge Technologies, Inc. - Common Stock | $1,636,320 | 0.28% | 28,000 | $206,920 | |||
| RSP | $1,624,287 | 0.27% | 7,634 | $195,826 | Up ×6 | ||
| VNQ | $1,593,603 | 0.27% | 16,526 | $-56,217 | Down ×2 | ||
| RTX RTX Corporation Common Stock | $1,574,570 | 0.26% | 8,299 | $-127,387 | Down ×1 | ||
| CFG Citizens Financial Group, Inc. Common Stock | $1,560,529 | 0.26% | 22,271 | $164,607 | Down ×3 | ||
| CBOE | $1,450,924 | 0.24% | 5,979 | $-3,371,957 | Down ×1 | ||
| PTY Pimco Corporate & Income Opportunity Fund | $1,422,873 | 0.24% | 118,277 | $-97,664 | Down ×1 | ||
| HYT Blackrock Corporate High Yield Fund, Inc. Common Stock | $1,389,374 | 0.23% | 162,310 | $-196,580 | Down ×1 | ||
| BAC Bank of America Corporation Common Stock | $1,348,831 | 0.23% | 23,672 | $194,821 | |||
| FAST Fastenal Company - Common Stock | $1,322,939 | 0.22% | 27,544 | $48,841 | Up ×1 | ||
| NVDA NVIDIA Corporation - Common Stock | $1,300,585 | 0.22% | 6,500 | Call option | $-792,215 | Down ×1 | |
| TMO Thermo Fisher Scientific Inc Common Stock | $1,264,430 | 0.21% | 2,522 | $-12,074 | Down ×2 | ||
| AMGN Amgen Inc. - Common Stock | $1,202,239 | 0.20% | 3,320 | $8,060 | Down ×6 | ||
| MU Micron Technology, Inc. - Common Stock | $1,154,290 | 0.19% | 1,000 | Call option | Up ×1 | ||
| AFL AFLAC Incorporated Common Stock | $1,149,637 | 0.19% | 9,805 | $55,279 | Down ×1 | ||
| VO | $1,134,265 | 0.19% | 14,078 | $123,965 | Up ×1 | ||
| APD Air Products and Chemicals, Inc. Common Stock | $1,133,728 | 0.19% | 3,867 | $10,403 | |||
| AMD Advanced Micro Devices, Inc. - Common Stock | $1,056,976 | 0.18% | 1,820 | $685,919 | Down ×1 | ||
| LHX L3Harris Technologies, Inc. Common Stock | $1,003,733 | 0.17% | 3,454 | $-277,809 | Down ×3 | ||
| CVX Chevron Corporation Common Stock | $1,000,196 | 0.17% | 6,034 | $-466,519 | Down ×6 | ||
| ARM Arm Holdings plc - American Depositary Shares | $997,760 | 0.17% | 2,814 | $574,176 | Up ×1 | ||
| PWB | $983,470 | 0.17% | 5,838 | $249,927 | Up ×1 | ||
| CRM Salesforce, Inc. Common Stock | $949,673 | 0.16% | 6,062 | Up ×1 | |||
| DGS | $831,330 | 0.14% | 12,847 | $75,572 | Up ×1 | ||
| SBUX Starbucks Corporation - Common Stock | $822,221 | 0.14% | 8,046 | $73,248 | Down ×1 | ||
| ISRG Intuitive Surgical, Inc. - Common Stock | $785,418 | 0.13% | 1,975 | $-125,038 | |||
| MSFT Microsoft Corporation - Common Stock | $746,040 | 0.13% | 2,000 | Call option | $5,700 | ||
| HOOD Robinhood Markets, Inc. - Class A Common Stock | $701,960 | 0.12% | 7,000 | Call option | |||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
| Security | Value | % of portfolio | Streak |
|---|---|---|---|
| VTI | $2,209,509 | 0.37% | up ×4 |
| RSP | $1,624,287 | 0.27% | up ×6 |
| VOO | $670,490 | 0.11% | up ×5 |
| VB | $647,768 | 0.11% | up ×6 |
| HFXI | $487,933 | 0.08% | up ×3 |
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| SOFI | $7,764,623 | 433,052 | 1.31% |
| APH | $2,932,378 | 16,631 | 0.49% |
| BE | $2,724,300 | 9,000 | 0.46% |
| AVGO | $2,455,375 | 6,500 | 0.41% |
| MU | $1,154,290 | 1,000 | 0.19% |
| CRM | $949,673 | 6,062 | 0.16% |
| HOOD | $701,960 | 7,000 | 0.12% |
| HOOD | $701,960 | 7,000 | 0.12% |
| MU | $577,145 | 500 | 0.10% |
| Unknown issuer (CUSIP: 438516205) | $406,043 | 1,814 | 0.07% |
| Unknown issuer (CUSIP: 43849R105) | $398,166 | 1,801 | 0.07% |
| INTC | $390,825 | 2,799 | 0.07% |
| ONEQ | $378,818 | 3,670 | 0.06% |
| XLK | $255,678 | 1,342 | 0.04% |
| NOW | $248,200 | 2,500 | 0.04% |
Top movers (QoQ)
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| MELI | Dec. 31, 2025 | 13,491 | $31,527,658 | -3.8% |
| BKNG | June 30, 2026 | 3,300 | $13,894,056 | 16.1% |
| SNPS | March 31, 2025 | 21,148 | $10,264,394 | -7.1% |
| MELI | June 30, 2026 | 3,500 | $6,051,570 | 14.1% |
| LNG | Dec. 31, 2025 | 24,650 | $5,792,257 | 43.8% |
| TSM | June 30, 2025 | 31,848 | $5,286,768 | 85.5% |
| SE | Dec. 31, 2025 | 29,403 | $5,255,199 | -8.5% |
| AMD | March 31, 2025 | 42,108 | $5,086,226 | 358.2% |
| SPOT | June 30, 2026 | 9,931 | $4,815,642 | 14.8% |
| SOFI | March 31, 2026 | 179,902 | $4,709,835 | 17.5% |
| UBER | March 31, 2026 | 56,317 | $4,601,663 | 8.7% |
| SF | June 30, 2026 | 60,077 | $4,440,855 | 16.7% |
| W | March 31, 2026 | 43,850 | $4,402,979 | 34.6% |
| TTD | March 31, 2026 | 115,125 | $4,370,145 | -41.7% |
| SYK | Sept. 30, 2025 | 10,772 | $4,261,727 | -10.6% |
| HQY | Sept. 30, 2025 | 37,157 | $3,892,568 | 9.2% |
| KKR | Dec. 31, 2025 | 29,826 | $3,875,889 | -14.8% |
| BSX | March 31, 2026 | 39,941 | $3,808,375 | -21.2% |
| EL | March 31, 2026 | 34,703 | $3,634,099 | 36.9% |
| TW | March 31, 2025 | 26,381 | $3,453,801 | -28.3% |
| ODFL | March 31, 2025 | 17,850 | $3,148,740 | 25.6% |
| IBKR | March 31, 2026 | 47,079 | $3,027,651 | 38.1% |
| JEF | June 30, 2025 | 54,374 | $2,912,816 | -4.1% |
| ELF | March 31, 2025 | 21,263 | $2,669,570 | 59.3% |
| DECK | June 30, 2025 | 20,631 | $2,306,753 | -12.8% |
| DASH | Dec. 31, 2025 | 8,395 | $2,283,357 | -3.1% |
| REGN | June 30, 2025 | 3,587 | $2,274,984 | 59.6% |
| CRDO | March 31, 2026 | 15,247 | $2,193,891 | 146.6% |
| HON | June 30, 2026 | 3,602 | $814,161 | -1.9% |
| ADBE | March 31, 2026 | 1,971 | $689,831 | 12.3% |
| VRT | June 30, 2025 | 7,086 | $511,610 | 105.8% |
| URI | March 31, 2025 | 700 | $493,108 | 76.6% |
| TSCO | June 30, 2026 | 9,810 | $444,393 | 10.4% |
| ALAB | March 31, 2025 | 3,058 | $405,033 | 385.5% |
| CRCL | Sept. 30, 2025 | 2,000 | $362,580 | -30.6% |
| UNH | June 30, 2025 | 619 | $324,202 | 24.2% |
| XYZ | March 31, 2025 | 3,704 | $314,803 | 47.4% |
| CMG | Sept. 30, 2025 | 5,500 | $308,825 | -8.4% |
| OKLO | Dec. 31, 2025 | 2,570 | $286,890 | -40.1% |
| FBTC | Dec. 31, 2025 | 2,628 | $262,301 | No longer tracked |
| XYZ | Dec. 31, 2025 | 3,515 | $254,030 | 23.0% |
| PG | June 30, 2026 | 1,736 | $250,748 | -2.3% |
| INTU | March 31, 2026 | 371 | $245,758 | -16.6% |
| BMY | Sept. 30, 2025 | 4,985 | $230,734 | 46.5% |
| TDG | June 30, 2026 | 192 | $222,521 | -10.2% |
| SCHD | March 31, 2025 | 7,749 | $211,703 | No longer tracked |
| VZ | March 31, 2025 | 5,272 | $210,828 | 9.0% |
| SO | Dec. 31, 2025 | 2,200 | $208,494 | 4.5% |
| XBI | June 30, 2025 | 2,559 | $207,535 | No longer tracked |
| AEM | Dec. 31, 2025 | 1,205 | $203,115 | 27.9% |
| BYM | Dec. 31, 2025 | 11,875 | $130,032 | No longer tracked |
| SOUN | June 30, 2026 | 10,100 | $69,387 | 10.1% |