Covenant Asset Management, LLC

CIK

1697717

Location

CHESTER, NJ

Portfolio Value

Small $631,488,455

Diversification

Diversified

Filing Date

Global Rank

#2,016 / 8,232 ▼ 156

Top Industry

Semiconductors 18.7%

3Y Alpha vs SPY

-3.8%

Period ended 2 months ago

Filed Apr 14, 2026 · 2mo

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+60.1%

SPY

+76.3%

Annualised alpha

-3.8%

Max drawdown

−24.3%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

114 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

7.5%

−12.7 pts

Top 5

27.7%

−15.6 pts

Top 10

43.3%

−13.5 pts

HHI

289

Diversified−341

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	37.9%	$239,053,363	27
Industrials	15.9%	$100,346,194	20
Financial Services	9.1%	$57,540,128	20
Unclassified	8.8%	$55,306,690	2
Healthcare	8.5%	$53,678,809	12
Consumer Cyclical	8.1%	$51,126,440	10
Communication Services	8.0%	$50,685,054	5
Consumer Defensive	2.4%	$15,288,938	5
Energy	0.9%	$5,630,635	7
Basic Materials	0.2%	$1,123,324	1
Utilities	0.1%	$936,086	3
Real Estate	0.1%	$772,794	2

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
SF	Stifel Financial Corp	+27,711	60,077	$4,440,891
PLTR	Palantir Technologies Inc.	+20,789	33,162	$4,850,937
ASML	Asml Holding NV	+15,077	23,360	$30,854,588
GOOGL	Alphabet Inc.	+12,137	63,004	$18,117,430
CAT	Caterpillar Inc	+11,995	14,698	$10,412,945
ADI	Analog Devices Inc	+9,444	18,662	$5,937,128
GEV	GE Vernova Inc.	+8,477	25,171	$21,971,765
RH	Rh	+8,128	13,730	$1,919,728
MPWR	Monolithic Power Systems Inc	+6,100	23,947	$26,182,452
COST	Costco Wholesale Corp /New	+4,901	14,166	$14,115,427
ORCL	Oracle Corp	+3,822	25,620	$3,768,958
HYT	Blackrock Corporate High Yield Fund, Inc.	+3,611	186,145	$1,585,955
PTY	Pimco Corporate & Income Opportunity Fund	+3,413	126,081	$1,520,536
AXP	American Express Co	+3,225	18,770	$5,677,549
LLY	ELI LILLY & Co	+3,132	18,964	$17,442,518
AAPL	Apple Inc.	+2,802	83,181	$21,110,505
OKE	Oneok Inc /New/	+2,001	5,620	$507,991
GE	General Electric Co	+1,115	22,283	$6,323,246
HWM	Howmet Aerospace Inc.	+1,055	48,572	$11,193,903
SHOP	Shopify Inc.	+942	101,989	$12,097,935
BBAI	BigBear.ai Holdings, Inc.	+850	20,850	$73,392
COF	Capital One Financial Corp	+508	25,206	$4,598,330
MSFT	Microsoft Corp	+488	68,765	$25,454,740
HON	Honeywell International Inc	+250	3,602	$814,160
PWR	Quanta Services, Inc.	+229	25,383	$13,935,774
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
NFLX	Netflix Inc	−76,558	108,324	$10,415,352
PANW	Palo Alto Networks Inc	−40,251	9,997	$1,602,719
SEDG	Solaredge Technologies, Inc.	−35,300	28,000	$1,429,400
ANET	Arista Networks, Inc.	−34,213	49,278	$6,050,352
ARM	Arm Holdings PLC /Uk	−30,498	2,800	$423,584
BKNG	Booking Holdings Inc.	−27,300	3,300	$13,894,054
QQQ	Invesco Qqq Trust, Series 1	−27,275	81,766	$47,193,699
KLAC	Kla Corp	−19,930	12,457	$18,341,811
AVGO	Broadcom Inc.	−19,853	61,987	$19,185,596
NOW	ServiceNow, Inc.	−18,343	2,520	$263,466
TSLA	Tesla, Inc.	−11,295	18,001	$6,691,871
SPOT	Spotify Technology S.A.	−9,858	9,931	$4,815,641
HOOD	Robinhood Markets, Inc.	−6,159	89,903	$6,230,277
NVDA	Nvidia Corp	−4,696	258,595	$45,098,968
ET	Energy Transfer LP	−4,678	28,013	$540,650
META	Meta Platforms, Inc.	−3,799	29,952	$17,136,437
TDG	TransDigm Group INC	−3,757	192	$222,520
QCOM	Qualcomm Inc/De	−2,452	16,583	$2,135,558
SOUN	Soundhound Ai, Inc.	−2,100	10,100	$69,387
AMZN	Amazon Com Inc	−1,650	88,052	$18,338,590
FAST	Fastenal Co	−1,097	27,459	$1,274,097
MS	Morgan Stanley	−1,084	16,481	$2,712,278
CVX	Chevron Corp	−551	7,089	$1,466,714
TSCO	Tractor Supply Co /De/	−465	9,810	$444,393
WM	Waste Management Inc	−449	11,602	$2,666,023
No positions match the current search.

New Positions

Positions the filer opened this quarter

12 positions

Ticker	Company	Shares	Value
AZN	Astrazeneca PLC	43,855	$8,649,083
TSM	Taiwan Semiconductor Manufacturing Co Ltd	21,319	$7,204,756
BE	Bloom Energy Corp	46,874	$6,350,958
MELI	Mercadolibre Inc	3,500	$6,051,570
RBC	RBC Bearings INC	9,434	$5,123,794
ODFL	Old Dominion Freight Line, Inc.	26,008	$5,081,963
CBOE	Cboe Global Markets, Inc.	17,159	$4,822,880
FTAI	FTAI Aviation Ltd.	17,826	$4,367,370
CAH	Cardinal Health Inc	14,907	$3,149,998
PSX	Phillips 66	1,310	$238,655
SO	Southern Co	2,200	$212,344
ONDS	Ondas Inc.	12,000	$108,480
No positions match the current search.

Sold Out

Positions the filer fully exited

10 positions

Ticker	Company	Shares	Value
SOFI	SoFi Technologies, Inc.	179,902	$4,709,834
UBER	Uber Technologies, Inc	56,317	$4,601,662
W	Wayfair Inc.	43,850	$4,402,978
TTD	Trade Desk, Inc.	115,125	$4,370,145
BSX	Boston Scientific Corp	39,941	$3,808,374
EL	Estee Lauder Companies Inc	34,703	$3,634,098
IBKR	Interactive Brokers Group, Inc.	47,079	$3,027,650
CRDO	Credo Technology Group Holding Ltd	15,247	$2,193,890
ADBE	Adobe Inc.	1,971	$689,830
INTU	Intuit Inc.	371	$245,757
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

114 positions · $631,488,455 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 114 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
QQQ	Invesco Qqq Trust, Series 1	Reduced	81,766	-27,275	$47,193,699	−29.5%	7.47%
NVDA	Nvidia Corp Technology	Reduced	258,595	-4,696	$45,098,968	−8.2%	7.14%
ASML	Asml Holding NV Technology	Added	23,360	+15,077	$30,854,588	+248.2%	4.89%
MPWR	Monolithic Power Systems Inc Technology	Added	23,947	+6,100	$26,182,452	+61.9%	4.15%
MSFT	Microsoft Corp Technology	Added	68,765	+488	$25,454,740	−22.9%	4.03%
GEV	GE Vernova Inc. Industrials	Added	25,171	+8,477	$21,971,765	+101.4%	3.48%
AAPL	Apple Inc. Technology	Added	83,181	+2,802	$21,110,505	−3.4%	3.34%
AVGO	Broadcom Inc. Technology	Reduced	61,987	-19,853	$19,185,596	−32.3%	3.04%
KLAC	Kla Corp Technology	Reduced	12,457	-19,930	$18,341,811	−53.4%	2.90%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	88,052	-1,650	$18,338,590	−11.4%	2.90%
GOOGL	Alphabet Inc. Communication Services	Added	63,004	+12,137	$18,117,430	+13.8%	2.87%
LLY	ELI LILLY & Co Healthcare	Added	18,964	+3,132	$17,442,518	+2.5%	2.76%
META	Meta Platforms, Inc. Communication Services	Reduced	29,952	-3,799	$17,136,437	−23.1%	2.71%
COST	Costco Wholesale Corp /New Consumer Defensive	Added	14,166	+4,901	$14,115,427	+76.7%	2.24%
PWR	Quanta Services, Inc. Industrials	Added	25,383	+229	$13,935,774	+31.3%	2.21%
BKNG	Booking Holdings Inc. Consumer Cyclical	Reduced	3,300	-27,300	$13,894,054	−91.5%	2.20%
SHOP	Shopify Inc. Technology	Added	101,989	+942	$12,097,935	−25.6%	1.92%
HWM	Howmet Aerospace Inc. Industrials	Added	48,572	+1,055	$11,193,903	+14.9%	1.77%
NFLX	Netflix Inc Communication Services	Reduced	108,324	-76,558	$10,415,352	−39.9%	1.65%
CAT	Caterpillar Inc Industrials	Added	14,698	+11,995	$10,412,945	+572.5%	1.65%
AZN	Astrazeneca PLC Healthcare	NEW	43,855	NEW	$8,649,083	NEW	1.37%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	27,905	-215	$8,208,534	−9.4%	1.30%
SPY	Spdr S&P 500 ETF Trust	Reduced	12,475	-130	$8,112,991	−5.6%	1.28%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	NEW	21,319	NEW	$7,204,756	NEW	1.14%
TSLA	Tesla, Inc. Consumer Cyclical	Reduced	18,001	-11,295	$6,691,871	−49.2%	1.06%
MRK	Merck & Co., Inc. Healthcare	Held	55,320	0	$6,654,442	+14.3%	1.05%
BE	Bloom Energy Corp Industrials	NEW	46,874	NEW	$6,350,958	NEW	1.01%
GE	General Electric Co Industrials	Added	22,283	+1,115	$6,323,246	−3.0%	1.00%
HOOD	Robinhood Markets, Inc. Financial Services	Reduced	89,903	-6,159	$6,230,277	−42.7%	0.99%
MELI	Mercadolibre Inc Consumer Cyclical	NEW	3,500	NEW	$6,051,570	NEW	0.96%
ANET	Arista Networks, Inc. Technology	Reduced	49,278	-34,213	$6,050,352	−44.7%	0.96%
ADI	Analog Devices Inc Technology	Added	18,662	+9,444	$5,937,128	+137.5%	0.94%
AXP	American Express Co Financial Services	Added	18,770	+3,225	$5,677,549	−1.3%	0.90%
GS	Goldman Sachs Group Inc Financial Services	Added	6,587	+150	$5,572,536	−1.5%	0.88%
VRTX	Vertex Pharmaceuticals Inc / Ma Healthcare	Added	12,081	+192	$5,394,649	+0.1%	0.85%
RBC	RBC Bearings INC Industrials	NEW	9,434	NEW	$5,123,794	NEW	0.81%
ODFL	Old Dominion Freight Line, Inc. Industrials	NEW	26,008	NEW	$5,081,963	NEW	0.80%
PLTR	Palantir Technologies Inc. Technology	Added	33,162	+20,789	$4,850,937	+120.6%	0.77%
CBOE	Cboe Global Markets, Inc. Financial Services	NEW	17,159	NEW	$4,822,880	NEW	0.76%
SPOT	Spotify Technology S.A. Communication Services	Reduced	9,931	-9,858	$4,815,641	−58.1%	0.76%
AGX	Argan Inc Industrials	Reduced	8,718	-54	$4,748,258	+72.8%	0.75%
ABBV	AbbVie Inc. Healthcare	Reduced	21,258	-186	$4,623,402	−5.6%	0.73%
COF	Capital One Financial Corp Financial Services	Added	25,206	+508	$4,598,330	−23.2%	0.73%
SF	Stifel Financial Corp Financial Services	Added	60,077	+27,711	$4,440,891	+64.4%	0.70%
FTAI	FTAI Aviation Ltd. Industrials	NEW	17,826	NEW	$4,367,370	NEW	0.69%
ORCL	Oracle Corp Technology	Added	25,620	+3,822	$3,768,958	−11.3%	0.60%
ADP	Automatic Data Processing Inc Technology	Reduced	17,192	-252	$3,493,070	−22.2%	0.55%
JNJ	Johnson & Johnson Healthcare	Reduced	13,472	-90	$3,293,095	+17.3%	0.52%
CAH	Cardinal Health Inc Healthcare	NEW	14,907	NEW	$3,149,998	NEW	0.50%
MS	Morgan Stanley Financial Services	Reduced	16,481	-1,084	$2,712,278	−13.0%	0.43%