SEC 13F Intelligence

Managers / Q2 2020 · view latest →

Covenant Asset Management, LLC

CIK 0001697717 · 125 MAPLE AVENUE, CHESTER, NJ, 07930 · 9088795330

Reported Value
$452M
Q2 2020
Positions
132
Filings on Record
31
2019–present window
Filed
Jul 24, 2020
original filing

Summary

Covenant Asset Management, LLC reported $452M in U.S.-listed holdings across 132 positions for Q2 2020.

Its largest position, MSFT, represents 3.2% of the portfolio.

Compared with Q1 2020, the fund opened 9 new positions and exited 13.

Portfolio Metrics

Turnover
+3.1%
vs prior filed quarter
Top-10 Concentration
+19.0%
share of reported value
Largest Position
+3.2%
Microsoft
New / Exited
9 / 13
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $198MQ4 ’18Q1 ’19: $190MQ2 ’19: $193MQ3 ’19: $199MQ4 ’19: $228MQ4 ’19Q1 ’20: $332MQ2 ’20: $452MQ3 ’20: $312MQ4 ’20: $304MQ4 ’20Q1 ’21: $321MQ2 ’21: $336MQ3 ’21: $337MQ4 ’21: $376MQ4 ’21Q1 ’22: $370MQ2 ’22: $315MQ3 ’22: $351MQ4 ’22: $419MQ4 ’22Q1 ’23: $420MQ2 ’23: $394MQ3 ’23: $379MQ4 ’23: $557MQ4 ’23Q1 ’24: $610MQ2 ’24: $629MQ3 ’24: $636MQ4 ’24: $652MQ4 ’24Q1 ’25: $454MQ2 ’25: $677MQ3 ’25: $885MQ4 ’25: $844MQ4 ’25Q1 ’26: $664Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 89.5%ETP: 7.6%Other: 1.7%Closed-End Fund: 0.6%MLP: 0.3%Other: 0.3%
  • Common Stock · 89.5% · $404M
  • ETP · 7.6% · $35M
  • Other · 1.7% · $8M
  • Closed-End Fund · 0.6% · $3M
  • MLP · 0.3% · $1M
  • Other · 0.3% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ASML HOLDING N VNEW+7.9K7.9K+$3M$3M
DC4DEXCOM INCNEW+7.1K7.1K+$3M$3M
ATLASSIAN CORP PLCNEW+13.7K13.7K+$2M$2M
BFAMBRIGHT HORIZONS FAM SOL IN DNEW+19.8K19.8K+$2M$2M
BBYBEST BUY INCNEW+6.7K6.7K+$580,000$580,000
RTXRAYTHEON TECHNOLOGIES CORPNEW+6.8K6.8K+$422,000$422,000
AVGOBROADCOM INCNEW+1.1K1.1K+$337,000$337,000
ALPS ETF TRNEW+13.6K13.6K+$334,000$334,000

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q2 2020

39 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM3.23%$15M71.6K
2AMZNAMAZON COM INChistory →COM2.94%$13M4.8K
3AAPLAPPLE INChistory →COM2.68%$12M33.2K
4SHOPSHOPIFY INChistory →CL A2.57%$12M12.2K
5TTDTHE TRADE DESK INChistory →COM CL A1.62%$7M18.0K
6METAFACEBOOK INChistory →CL A1.34%$6M26.7K
7GOOGLALPHABET INChistory →CAP STK CL A1.21%$5M3.8K
8VVISA INChistory →COM CL A1.19%$5M27.9K
9VRTXVERTEX PHARMACEUTICALS INChistory →COM1.15%$5M17.9K
10PYPLPAYPAL HLDGS INChistory →COM1.07%$5M27.9K
11MRKMERCK & CO. INChistory →COM1.06%$5M62.0K
12ADBEADOBE INCCOM0.90%$4M9.3K
13CIENCIENA CORPCOM NEW0.83%$4M69.6K
14ODFLOLD DOMINION FREIGHT LINE INCOM0.79%$4M21.2K
15NOWSERVICENOW INCCOM0.76%$3M8.5K
16QCOMQUALCOMM INCCOM0.72%$3M35.6K
17VEEVVEEVA SYS INCCL A COM0.68%$3M13.2K
18ILMNILLUMINA INCCOM0.68%$3M8.3K
19MASI*MASIMO CORPCOM0.68%$3M13.5K
20ADPAUTOMATIC DATA PROCESSING INCOM0.67%$3M20.3K
21JNJJOHNSON & JOHNSONCOM0.67%$3M21.5K
22NVDANVIDIA CORPORATIONCOM0.67%$3M7.9K
23INTUINTUITCOM0.65%$3M10.0K
24ASML HOLDING N VN Y REGISTRY SHS0.64%$3M7.9K
25DC4DEXCOM INCCOM0.64%$3M7.1K
26NFLXNETFLIX INCCOM0.63%$3M6.2K
27BABOEING COCOM0.61%$3M15.0K
28UNHUNITEDHEALTH GROUP INCCOM0.59%$3M9.0K
29SPDR S&P 500 ETF TRTR UNIT0.58%$3M8.5K
30ISRGINTUITIVE SURGICAL INCCOM NEW0.56%$3M4.4K
31ATLASSIAN CORP PLCCL A0.54%$2M13.7K
32BLACKROCK MUN INCOME QUALITYCOM0.52%$2M172.4K
33BFAMBRIGHT HORIZONS FAM SOL IN DCOM0.51%$2M19.8K
34BIIBBIOGEN INCCOM0.50%$2M8.5K
35ABBVABBVIE INCCOM0.50%$2M22.9K
36IDXXIDEXX LABS INCCOM0.49%$2M6.7K
37FISVFISERV INCCOM0.48%$2M22.1K
38BAHBOOZ ALLEN HAMILTON HLDG CORCL A0.46%$2M26.6K
39COSTCOSTCO WHSL CORP NEWCOM0.42%$2M6.2K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$664M165Apr 14, 202613F-HRchanges · EDGAR ↗
Q4 2025$844M164Jan 30, 202613F-HRchanges · EDGAR ↗
Q3 2025$885M162Oct 30, 202513F-HRchanges · EDGAR ↗
Q2 2025$677M155Jul 17, 202513F-HRchanges · EDGAR ↗
Q1 2025$454M155May 5, 202513F-HRchanges · EDGAR ↗
Q4 2024$652M165Jan 30, 202513F-HRchanges · EDGAR ↗
Q3 2024$636M164Nov 12, 202413F-HRchanges · EDGAR ↗
Q2 2024$629M163Aug 2, 202413F-HRchanges · EDGAR ↗
Q1 2024$610M144Apr 23, 202413F-HRchanges · EDGAR ↗
Q4 2023$557M154Jan 22, 202413F-HRchanges · EDGAR ↗
Q3 2023$379M150Oct 31, 202313F-HRchanges · EDGAR ↗
Q2 2023$394M154Jul 12, 202313F-HRchanges · EDGAR ↗
Q1 2023$420M167Apr 27, 202313F-HRchanges · EDGAR ↗
Q4 2022$419M169Jan 24, 202313F-HRchanges · EDGAR ↗
Q3 2022$351M158Nov 3, 202213F-HRchanges · EDGAR ↗
Q2 2022$315M151Jul 21, 202213F-HRchanges · EDGAR ↗
Q1 2022$370M148Apr 29, 202213F-HRchanges · EDGAR ↗
Q4 2021$376M137Jan 26, 202213F-HRchanges · EDGAR ↗
Q3 2021$337M133Oct 27, 2021RESTATEMENTchanges · EDGAR ↗
Q2 2021$336M133Jul 21, 202113F-HRchanges · EDGAR ↗
Q1 2021$321M143Apr 19, 202113F-HRchanges · EDGAR ↗
Q4 2020$304M133Jan 28, 202113F-HRchanges · EDGAR ↗
Q3 2020$312M126Oct 29, 202013F-HRchanges · EDGAR ↗
Q2 2020$452M132Jul 24, 202013F-HRchanges · EDGAR ↗
Q1 2020$332M139Apr 22, 202013F-HRchanges · EDGAR ↗
Q4 2019$228M143Jan 24, 202013F-HRchanges · EDGAR ↗
Q3 2019$199M137Oct 18, 201913F-HRchanges · EDGAR ↗
Q2 2019$193M138Jul 17, 201913F-HRchanges · EDGAR ↗
Q1 2019$190M137Apr 26, 201913F-HRchanges · EDGAR ↗
Q4 2018$198M141Jan 8, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.