Equal-WT
WhaleScore 2.0
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Covenant Asset Management is based out of Chester. Covenant Asset Management is a large advisory firm with 534 clients and discretionary assets under management (AUM) of $416,569,460 (Form ADV from 2023-03-22). Their last reported 13F filing for Q4 2023 included $556,639,023 in managed 13F securities
and a top 10 holdings concentration of 45.96%. Covenant Asset Management's largest holding is Chipotle Mexican Grill, Inc. with shares held of 38,000. Whalewisdom has at least 30 13F filings
2023-12-31
Top Buys (13F)
Name | % Change |
---|---|
CMG Chipotle Mexican Gri (PUT) | 12.23% |
AVGO Broadcom Ltd. (Avago (PUT) | 4.01% |
REGN Regeneron Pharmaceut (PUT) | 2.52% |
NOW ServiceNow Inc (PUT) | 2.39% |
LLY Lilly (Eli) & Co. (PUT) | 1.2% |
2023-12-31
Top Sells (13F)
Name | % Change |
---|---|
MSFT Microsoft Corp. | 1.56% |
AAPL Apple Inc | 1.2% |
ON ON Semiconductor Cor | 1.12% |
QQQ Invesco QQQ Trust, S (PUT) | 0.94% |
NVDA NVIDIA Corp. | 0.85% |
2023-12-31
13F Holdings Summary
Name | $ Change |
---|---|
CMG Chipotle Mexican Gri | 15.61% |
CMG Chipotle Mexican Gri | 5.75% |
MSFT Microsoft Corp. | 4.93% |
AVGO Broadcom Ltd. (Avago | 4.01% |
AAPL Apple Inc | 3.45% |
2023-12-31
13F Activity
Market Value | $0.56b, Prior: $379m |
New Purchases | 17 stocks |
Added To | 42 stocks |
Sold out of | 13 stocks |
Reduced holdings in | 72 stocks |
Top 10 Holdings % | 45.96% |
Turnover %[1] | 19.48% |
Turnover Alt %[2] | 5.13% |
Time Held Top 20 | 6.95 quarters |
Time Held Top 10 | 9.4 quarters |
Time Held All | 15.95 quarters |
[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.
[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.
2023-12-31
13F Sector Allocation Over Time
2023-12-31
Analysis
Top 20 equal-weighted holdings. Performance numbers calculated through 2023-12-31