SEC 13F Intelligence

Managers / Q1 2023 · view latest →

Covenant Asset Management, LLC

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

Reported Value
$420M
Q1 2023
Positions
167
Filings on Record
31
2019–present window
Filed
Apr 27, 2023
original filing

Summary

Covenant Asset Management, LLC reported $420M in U.S.-listed holdings across 167 positions for Q1 2023.

Its largest position, MSFT, represents 5.3% of the portfolio.

Compared with Q4 2022, the fund opened 9 new positions and exited 10.

Portfolio Metrics

Turnover
+22.8%
vs prior filed quarter
Top-10 Concentration
+22.8%
share of reported value
Largest Position
+5.3%
Microsoft
New / Exited
9 / 10
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: 85.6%Other: 6.6%ETP: 6.2%MLP: 0.8%Closed-End Fund: 0.6%Other: 0.3%
  • Common Stock · 85.6% · $360M
  • Other · 6.6% · $28M
  • ETP · 6.2% · $26M
  • MLP · 0.8% · $3M
  • Closed-End Fund · 0.6% · $2M
  • Other · 0.3% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ROKROCKWELL AUTOMATION INCNEW+11.9K11.9K+$3M$3M
KLACKLA CORPNEW+7.0K7.0K+$3M$3M
NBIXNEUROCRINE BIOSCIENCES INCNEW+18.5K18.5K+$2M$2M
URIUNITED RENTALS INCNEW+4.7K4.7K+$2M$2M
COINCOINBASE GLOBAL INCNEW+5.4K5.4K+$366,906$366,906
INVESCO EXCHANGE TRADED FD TNEW+2.3K2.3K+$329,156$329,156
SCHWAB STRATEGIC TRNEW+4.0K4.0K+$289,641$289,641
VANGUARD SCOTTSDALE FDSNEW+3.0K3.0K+$243,629$243,629

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

Holdings — Q1 2023

40 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM5.34%$22M77.9K
2AAPLAPPLE INChistory →COM4.04%$17M103.0K
3AMZNAMAZON COM INChistory →COM2.35%$10M95.5K
4NVDANVIDIA CORPORATIONhistory →COM2.10%$9M31.8K
5TTDTHE TRADE DESK INChistory →COM CL A2.00%$8M138.1K
6MRKMERCK & CO INChistory →COM1.61%$7M63.6K
7GOOGLALPHABET INChistory →CAP STK CL A1.47%$6M59.5K
8QCOMQUALCOMM INChistory →COM1.40%$6M46.1K
9ASML HOLDING N VN Y REGISTRY SHS1.26%$5M7.8K
10SHOPSHOPIFY INChistory →CL A1.22%$5M107.3K
11PANWPALO ALTO NETWORKS INChistory →COM1.16%$5M24.4K
12ULTAULTA BEAUTY INChistory →COM1.14%$5M8.8K
13SNPSSYNOPSYS INChistory →COM1.14%$5M12.4K
14DEDEERE & COhistory →COM1.14%$5M11.6K
15SEDGSOLAREDGE TECHNOLOGIES INChistory →COM1.12%$5M15.5K
16PWRQUANTA SVCS INChistory →COM1.09%$5M27.4K
17AMDADVANCED MICRO DEVICES INChistory →COM1.05%$4M45.2K
18ADPAUTOMATIC DATA PROCESSING INhistory →COM1.05%$4M19.9K
19AVGOBROADCOM INChistory →COM1.04%$4M6.8K
20UNHUNITEDHEALTH GROUP INChistory →COM1.02%$4M9.1K
21ABBVABBVIE INCCOM0.98%$4M26.0K
22ONON SEMICONDUCTOR CORPCOM0.97%$4M49.6K
23LNGCHENIERE ENERGY INCCOM NEW0.97%$4M25.8K
24ODFLOLD DOMINION FREIGHT LINE INCOM0.97%$4M11.9K
25LLYLILLY ELI & COCOM0.94%$4M11.5K
26JPMJPMORGAN CHASE & COCOM0.92%$4M29.5K
27JNJJOHNSON & JOHNSONCOM0.88%$4M23.9K
28DC4DEXCOM INCCOM0.83%$4M30.2K
29ROKROCKWELL AUTOMATION INCCOM0.83%$3M11.9K
30VRTXVERTEX PHARMACEUTICALS INCCOM0.83%$3M11.1K
31INTUINTUITCOM0.78%$3M7.3K
32SPDR S&P 500 ETF TRTR UNIT0.75%$3M7.7K
33UTHUNITED THERAPEUTICS CORP DELCOM0.75%$3M14.0K
34COSTCOSTCO WHSL CORP NEWCOM0.74%$3M6.2K
35DECKDECKERS OUTDOOR CORPCOM0.73%$3M6.8K
36ADBEADOBE SYSTEMS INCORPORATEDCOM0.72%$3M7.9K
37CMGCHIPOTLE MEXICAN GRILL INCCOM0.71%$3M1.8K
38RTXRAYTHEON TECHNOLOGIES CORPCOM0.71%$3M30.6K
39ENPHENPHASE ENERGY INCCOM0.68%$3M13.7K
40KLACKLA CORPCOM NEW0.67%$3M7.0K

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 ↗.