Institutional Manager · CIK 0001697717
Covenant Asset Management, LLC
CHESTER, NJ · File #028-17750
Latest AUM
$844.4M
Positions
164
Top-10 Concentration
58.6%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| REDUCE | BOOKING HOLDINGS INC | BKNG | -8,200 | -$43.9M | -$1.1M |
| EXITED | MERCADOLIBRE INC | 58733R102 | -11,000 | -$25.7M | $0 |
| ADD | KLA CORP | KLAC | +17,583 | +$21.4M | +$1.0M |
| REDUCE | ALPHABET INC | GOOG | -32,263 | -$10.1M | +$2.6M |
| ADD | MONOLITHIC PWR SYS INC | 609839105 | +9,900 | +$9.0M | -$107,100 |
| ADD | NETFLIX INC | NFLX | +67,500 | +$6.3M | -$8.3M |
| EXITED | CHENIERE ENERGY INC | 16411R208 | -24,650 | -$5.8M | $0 |
| EXITED | SEA LTD | 81141R100 | -29,403 | -$5.3M | $0 |
| REDUCE | RH | RH | -26,503 | -$4.7M | -$770,837 |
| NEW | WAYFAIR INC | W | +43,850 | +$4.4M | $0 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 2025164 pos · $844.4M
- 13F HOLDINGS REPORTQ/E Sep 2025162 pos · $884.7M
- 13F HOLDINGS REPORTQ/E Jun 2025155 pos · $676.6M
- 13F HOLDINGS REPORTQ/E Mar 2025155 pos · $454.1M
- 13F HOLDINGS REPORTQ/E Dec 2024165 pos · $651.6M
- 13F HOLDINGS REPORTQ/E Sep 2024164 pos · $636.0M
- 13F HOLDINGS REPORTQ/E Jun 2024163 pos · $628.7M
- 13F HOLDINGS REPORTQ/E Mar 2024144 pos · $609.7M
- 13F HOLDINGS REPORTQ/E Dec 2023150 pos · $379.3M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | BOOKING HOLDINGS INC | BKNG | 15,800 | $84.6M | 11.88% |
| 2 | BOOKING HOLDINGS INC | BKNG | 14,800 | $79.3M | 11.13% |
| 3 | INVESCO QQQ TR | IVZ | 100,000 | $61.4M | 8.63% |
| 4 | NVIDIA CORPORATION | NVDA | 255,291 | $47.6M | 6.69% |
| 5 | MICROSOFT CORP | MSFT | 68,277 | $33.0M | 4.64% |
| 6 | KLA CORP | KLAC | 25,000 | $30.4M | 4.27% |
| 7 | BROADCOM INC | AVGO | 71,840 | $24.9M | 3.49% |
| 8 | APPLE INC | AAPL | 80,379 | $21.9M | 3.07% |
| 9 | AMAZON COM INC | AMZN | 80,702 | $18.6M | 2.62% |
| 10 | MONOLITHIC PWR SYS INC | 609839105 | 17,400 | $15.8M | 2.21% |
| 11 | SHOPIFY INC | SHOP | 96,447 | $15.5M | 2.18% |
| 12 | META PLATFORMS INC | META | 19,751 | $13.0M | 1.83% |
| 13 | ALPHABET INC | GOOG | 37,767 | $11.8M | 1.66% |
| 14 | ARISTA NETWORKS INC | ANET | 83,491 | $10.9M | 1.54% |
| 15 | GE VERNOVA INC | GEV | 16,694 | $10.9M | 1.53% |
| 16 | QUANTA SVCS INC | 74762E102 | 25,154 | $10.6M | 1.49% |
| 17 | NETFLIX INC | NFLX | 109,882 | $10.3M | 1.45% |
| 18 | ROBINHOOD MKTS INC | 770700102 | 90,062 | $10.2M | 1.43% |
| 19 | HOWMET AEROSPACE INC | HWM | 47,517 | $9.7M | 1.37% |
| 20 | ELI LILLY & CO | LLY | 8,832 | $9.5M | 1.33% |