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COVENANT ASSET MANAGEMENT, LLC

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CHESTER NJ Investment Advisor
13F Summary

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Equal-WT
WhaleScore 2.0 ?

85

S&P 500
WhaleScore ?

Subscription Required

Equal-WT
WhaleScore 1.0 ?

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)

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

Portfolio Performance