Covenant Asset Management

CHESTER, NJfiles as Covenant Asset Management, LLC

$562m in 145 US stocks at the end of 30 June 2026. The top 10 are 39.8% of the money. It changed about 10.0% of the portfolio this quarter.

Value

$562m

Stocks

145

Top 10 share

39.8%

Turnover

10.0%

What changed this quarter

New

Bought for the first time this quarter.

SoFi TechnologiesSOFI
1.4% of the fund
AmphenolAPH
0.5% of the fund
SalesforceCRM
0.2% of the fund
Honeywell InternationalHON
<0.1% of the fund
Honeywell AerospaceHONA
<0.1% of the fund
IntelINTC
<0.1% of the fund
Fidelity Comwlth TRONEQ
<0.1% of the fund
Select Sector Spdr TRXLK
<0.1% of the fund
Extreme NetworksEXTR
<0.1% of the fund
AIAI HoldingsAIAI
<0.1% of the fund
Invesco Exchange Traded FD TSPHQ
<0.1% of the fund
CSXCSX
<0.1% of the fund

Added

Bought more of a stock they already held.

Morgan StanleyMS
1.5% of the fund
+140%
RBC BearingsRBC
1.1% of the fund
+2%
Vanguard Index FDSVUG
0.7% of the fund
+3%
Vanguard Index FDSVTI
0.4% of the fund
+2%
Invesco Exchange Traded FD TRSP
0.3% of the fund
+3%
Wisdomtree TRDGS
0.1% of the fund
+2%
Vanguard Index FDSVOO
0.1% of the fund
+16%
Vanguard Index FDSVB
0.1% of the fund
+7%
WelltowerWELL
0.1% of the fund
+5%
Wisdomtree TRDGRW
0.1% of the fund
+8%
WalmartWMT
<0.1% of the fund
+121%
New York Life Investments ETHFXI
<0.1% of the fund
+7%
ServiceNowNOW
<0.1% of the fund
+4%
Southern CompanySO
<0.1% of the fund
+14%

Cut

Sold some of their stake.

NvidiaNVDA
8.4% of the fund
-4%
AppleAAPL
4.1% of the fund
-3%
KLAKLAC
3.9% of the fund
-3%
BroadcomAVGO
3.6% of the fund
-3%
GE VernovaGEV
3.4% of the fund
-4%
Quanta ServicesPWR
3.1% of the fund
-3%
AlphabetGOOGL
2.7% of the fund
-2%
Howmet AerospaceHWM
2.3% of the fund
-2%
ShopifySHOP
1.8% of the fund
-3%
JPMorgan ChaseJPM
1.5% of the fund
-3%
General ElectricGE
1.4% of the fund
-2%
Arista NetworksANET
1.4% of the fund
-4%
AstrazenecaAZN
1.4% of the fund
-5%
Analog DevicesADI
1.3% of the fund
-2%
NetflixNFLX
1.3% of the fund
-3%
MerckMRK
1.2% of the fund
-3%
Invesco QQQ TRQQQ
1.1% of the fund
-6%
Vertex PharmaceuticalsVRTX
1.0% of the fund
-2%
AbbVieABBV
0.9% of the fund
-6%
Automatic Data ProcessingADP
0.7% of the fund
-5%
Cardinal HealthCAH
0.6% of the fund
-4%
Johnson & JohnsonJNJ
0.6% of the fund
-6%
OracleORCL
0.5% of the fund
-19%
CaterpillarCAT
0.5% of the fund
-5%
QualcommQCOM
0.5% of the fund
-12%

Sold out

Sold their entire stake.

Holdings

NvidiaNVDA
Share
8.4%
Value
$47m
Shares
235,840
-4%
MicrosoftMSFT
Share
4.4%
Value
$25m
Shares
65,858
Held
AppleAAPL
Share
4.1%
Value
$23m
Shares
80,430
-3%
KLAKLAC
Share
3.9%
Value
$22m
Shares
72,549
-3%
BroadcomAVGO
Share
3.6%
Value
$20m
Shares
53,642
-3%
GE VernovaGEV
Share
3.4%
Value
$19m
Shares
16,201
-4%
Amazon.comAMZN
Share
3.3%
Value
$18m
Shares
76,726
Held
Quanta ServicesPWR
Share
3.1%
Value
$18m
Shares
24,497
-3%
ASML Holding NVASML
Share
2.9%
Value
$16m
Shares
8,255
Held
AlphabetGOOGL
Share
2.7%
Value
$15m
Shares
43,072
-2%
Howmet AerospaceHWM
Share
2.3%
Value
$13m
Shares
47,493
-2%
Meta PlatformsMETA
Share
2.0%
Value
$11m
Shares
19,754
Held
Eli LillyLLY
Share
1.9%
Value
$11m
Shares
8,957
Held
ShopifySHOP
Share
1.8%
Value
$10m
Shares
90,675
-3%
Taiwan Semiconductor ManufacturingTSM
Share
1.8%
Value
$10m
Shares
21,015
Held
State STR Spdr S&P 500 ETF TSPY
Share
1.7%
Value
$9m
Shares
12,690
Held
Robinhood MarketsHOOD
Share
1.6%
Value
$9m
Shares
88,562
Held
Morgan StanleyMS
Share
1.5%
Value
$8m
Shares
39,592
+140%
JPMorgan ChaseJPM
Share
1.5%
Value
$8m
Shares
25,140
-3%
General ElectricGE
Share
1.4%
Value
$8m
Shares
21,804
-2%
Arista NetworksANET
Share
1.4%
Value
$8m
Shares
47,144
-4%
AstrazenecaAZN
Share
1.4%
Value
$8m
Shares
41,874
-5%
SoFi TechnologiesSOFI
Share
1.4%
Value
$8m
Shares
433,052
New
Bloom EnergyBE
Share
1.4%
Value
$8m
Shares
25,567
Held
TeslaTSLA
Share
1.4%
Value
$8m
Shares
18,325
Held
Analog DevicesADI
Share
1.3%
Value
$7m
Shares
18,229
-2%
NetflixNFLX
Share
1.3%
Value
$7m
Shares
100,645
-3%
ArganAGX
Share
1.2%
Value
$7m
Shares
8,750
Held
MerckMRK
Share
1.2%
Value
$7m
Shares
53,920
-3%
Goldman Sachs GroupGS
Share
1.2%
Value
$7m
Shares
6,511
Held
Invesco QQQ TRQQQ
Share
1.1%
Value
$6m
Shares
8,718
-6%
American ExpressAXP
Share
1.1%
Value
$6m
Shares
18,500
Held
RBC BearingsRBC
Share
1.1%
Value
$6m
Shares
9,638
+2%
Vertex PharmaceuticalsVRTX
Share
1.0%
Value
$6m
Shares
11,782
-2%
Old Dominion Freight LineODFL
Share
1.0%
Value
$6m
Shares
25,907
Held
AlphabetGOOG
Share
1.0%
Value
$5m
Shares
15,170
Held
AbbVieABBV
Share
0.9%
Value
$5m
Shares
19,947
-6%
Capital One FinancialCOF
Share
0.9%
Value
$5m
Shares
24,788
Held
FTAI AviationFTAI
Share
0.9%
Value
$5m
Shares
18,171
Held
Vanguard Index FDSVUG
Share
0.7%
Value
$4m
Shares
46,185
+3%
Costco WholesaleCOST
Share
0.7%
Value
$4m
Shares
4,166
Held
Automatic Data ProcessingADP
Share
0.7%
Value
$4m
Shares
16,384
-5%
Palo Alto NetworksPANW
Share
0.6%
Value
$3m
Shares
9,987
Held
Cardinal HealthCAH
Share
0.6%
Value
$3m
Shares
14,302
-4%
Johnson & JohnsonJNJ
Share
0.6%
Value
$3m
Shares
12,700
-6%
OracleORCL
Share
0.5%
Value
$3m
Shares
20,858
-19%
AmphenolAPH
Share
0.5%
Value
$3m
Shares
16,631
New
CaterpillarCAT
Share
0.5%
Value
$3m
Shares
2,573
-5%
QualcommQCOM
Share
0.5%
Value
$3m
Shares
14,598
-12%
BlackRockBLK
Share
0.5%
Value
$3m
Shares
2,668
Held
Waste ManagementWM
Share
0.4%
Value
$3m
Shares
11,320
-2%
Vanguard BD Index FDSBIV
Share
0.4%
Value
$2m
Shares
30,590
-6%
VisaV
Share
0.4%
Value
$2m
Shares
6,719
Held
Vanguard Index FDSVTV
Share
0.4%
Value
$2m
Shares
10,554
Held
Texas InstrumentsTXN
Share
0.4%
Value
$2m
Shares
7,480
Held
Vanguard Index FDSVTI
Share
0.4%
Value
$2m
Shares
5,971
+2%
Home DepotHD
Share
0.4%
Value
$2m
Shares
6,172
Held
RHRH
Share
0.4%
Value
$2m
Shares
12,819
-7%
Alps ETF TRAMLP
Share
0.4%
Value
$2m
Shares
40,279
-9%
EatonETN
Share
0.3%
Value
$2m
Shares
4,581
-4%
Enterprise Products Partners L.P.EPD
Share
0.3%
Value
$2m
Shares
49,969
-6%
Palantir TechnologiesPLTR
Share
0.3%
Value
$2m
Shares
15,246
-54%
BlackstoneBX
Share
0.3%
Value
$2m
Shares
13,934
-5%
Solaredge TechnologiesSEDG
Share
0.3%
Value
$2m
Shares
28,000
Held
Invesco Exchange Traded FD TRSP
Share
0.3%
Value
$2m
Shares
7,634
+3%
Vanguard Index FDSVNQ
Share
0.3%
Value
$2m
Shares
16,526
-11%
RTXRTX
Share
0.3%
Value
$2m
Shares
8,299
-6%
Citizens Financial GroupCFG
Share
0.3%
Value
$2m
Shares
22,271
-4%
Cboe Global MktsCBOE
Share
0.3%
Value
$1m
Shares
5,979
-65%
Pimco Corporate & Income Opportunity FundPTY
Share
0.3%
Value
$1m
Shares
118,277
-6%
Blackrock Corporate High Yield FundHYT
Share
0.2%
Value
$1m
Shares
162,310
-13%
Bank of AmericaBAC
Share
0.2%
Value
$1m
Shares
23,672
Held
FastenalFAST
Share
0.2%
Value
$1m
Shares
27,544
Held
Thermo Fisher ScientificTMO
Share
0.2%
Value
$1m
Shares
2,522
-3%
AmgenAMGN
Share
0.2%
Value
$1m
Shares
3,320
-2%
AflacAFL
Share
0.2%
Value
$1m
Shares
9,805
Held
Vanguard Index FDSVO
Share
0.2%
Value
$1m
Shares
14,078
Held
Air Products & ChemicalsAPD
Share
0.2%
Value
$1m
Shares
3,867
Held
Advanced Micro DevicesAMD
Share
0.2%
Value
$1m
Shares
1,820
Held
L3harris TechnologiesLHX
Share
0.2%
Value
$1m
Shares
3,454
-7%
ChevronCVX
Share
0.2%
Value
$1m
Shares
6,034
-15%
ARM HoldingsARM
Share
0.2%
Value
$997,760
Shares
2,814
Held
Invesco Exchange Traded FD TPWB
Share
0.2%
Value
$983,470
Shares
5,838
Held
SalesforceCRM
Share
0.2%
Value
$949,673
Shares
6,062
New
Wisdomtree TRDGS
Share
0.1%
Value
$831,330
Shares
12,847
+2%
StarbucksSBUX
Share
0.1%
Value
$822,221
Shares
8,046
-4%
Intuitive SurgicalISRG
Share
0.1%
Value
$785,418
Shares
1,975
Held
Coinbase GlobalCOIN
Share
0.1%
Value
$694,403
Shares
4,750
-4%
TJX CompaniesTJX
Share
0.1%
Value
$674,630
Shares
4,453
Held
Vanguard Index FDSVOO
Share
0.1%
Value
$670,490
Shares
976
+16%
Ishares TRIYR
Share
0.1%
Value
$648,981
Shares
6,347
-3%
Vanguard Index FDSVB
Share
0.1%
Value
$647,768
Shares
2,137
+7%
Vanguard Specialized FundsVIG
Share
0.1%
Value
$621,365
Shares
2,626
Held
Monolithic Power SystemsMPWR
Share
0.1%
Value
$617,915
Shares
447
Held
Vanguard Whitehall FDSVYM
Share
0.1%
Value
$615,685
Shares
3,896
-19%
WelltowerWELL
Share
0.1%
Value
$615,316
Shares
2,711
+5%
Lam ResearchLRCX
Share
0.1%
Value
$584,996
Shares
1,350
Held
Wisdomtree TRDGRW
Share
0.1%
Value
$568,748
Shares
5,948
+8%
WalmartWMT
Share
<0.1%
Value
$556,353
Shares
4,912
+121%
Energy Transfer L PET
Share
<0.1%
Value
$533,219
Shares
27,888
Held

Company	Share of fund	Value	Shares	Change
NvidiaNVDA	8.4%	$47m	235,840	-4%
MicrosoftMSFT	4.4%	$25m	65,858	Held
AppleAAPL	4.1%	$23m	80,430	-3%
KLAKLAC	3.9%	$22m	72,549	-3%
BroadcomAVGO	3.6%	$20m	53,642	-3%
GE VernovaGEV	3.4%	$19m	16,201	-4%
Amazon.comAMZN	3.3%	$18m	76,726	Held
Quanta ServicesPWR	3.1%	$18m	24,497	-3%
ASML Holding NVASML	2.9%	$16m	8,255	Held
AlphabetGOOGL	2.7%	$15m	43,072	-2%
Howmet AerospaceHWM	2.3%	$13m	47,493	-2%
Meta PlatformsMETA	2.0%	$11m	19,754	Held
Eli LillyLLY	1.9%	$11m	8,957	Held
ShopifySHOP	1.8%	$10m	90,675	-3%
Taiwan Semiconductor ManufacturingTSM	1.8%	$10m	21,015	Held
State STR Spdr S&P 500 ETF TSPY	1.7%	$9m	12,690	Held
Robinhood MarketsHOOD	1.6%	$9m	88,562	Held
Morgan StanleyMS	1.5%	$8m	39,592	+140%
JPMorgan ChaseJPM	1.5%	$8m	25,140	-3%
General ElectricGE	1.4%	$8m	21,804	-2%
Arista NetworksANET	1.4%	$8m	47,144	-4%
AstrazenecaAZN	1.4%	$8m	41,874	-5%
SoFi TechnologiesSOFI	1.4%	$8m	433,052	New
Bloom EnergyBE	1.4%	$8m	25,567	Held
TeslaTSLA	1.4%	$8m	18,325	Held
Analog DevicesADI	1.3%	$7m	18,229	-2%
NetflixNFLX	1.3%	$7m	100,645	-3%
ArganAGX	1.2%	$7m	8,750	Held
MerckMRK	1.2%	$7m	53,920	-3%
Goldman Sachs GroupGS	1.2%	$7m	6,511	Held
Invesco QQQ TRQQQ	1.1%	$6m	8,718	-6%
American ExpressAXP	1.1%	$6m	18,500	Held
RBC BearingsRBC	1.1%	$6m	9,638	+2%
Vertex PharmaceuticalsVRTX	1.0%	$6m	11,782	-2%
Old Dominion Freight LineODFL	1.0%	$6m	25,907	Held
AlphabetGOOG	1.0%	$5m	15,170	Held
AbbVieABBV	0.9%	$5m	19,947	-6%
Capital One FinancialCOF	0.9%	$5m	24,788	Held
FTAI AviationFTAI	0.9%	$5m	18,171	Held
Vanguard Index FDSVUG	0.7%	$4m	46,185	+3%
Costco WholesaleCOST	0.7%	$4m	4,166	Held
Automatic Data ProcessingADP	0.7%	$4m	16,384	-5%
Palo Alto NetworksPANW	0.6%	$3m	9,987	Held
Cardinal HealthCAH	0.6%	$3m	14,302	-4%
Johnson & JohnsonJNJ	0.6%	$3m	12,700	-6%
OracleORCL	0.5%	$3m	20,858	-19%
AmphenolAPH	0.5%	$3m	16,631	New
CaterpillarCAT	0.5%	$3m	2,573	-5%
QualcommQCOM	0.5%	$3m	14,598	-12%
BlackRockBLK	0.5%	$3m	2,668	Held
Waste ManagementWM	0.4%	$3m	11,320	-2%
Vanguard BD Index FDSBIV	0.4%	$2m	30,590	-6%
VisaV	0.4%	$2m	6,719	Held
Vanguard Index FDSVTV	0.4%	$2m	10,554	Held
Texas InstrumentsTXN	0.4%	$2m	7,480	Held
Vanguard Index FDSVTI	0.4%	$2m	5,971	+2%
Home DepotHD	0.4%	$2m	6,172	Held
RHRH	0.4%	$2m	12,819	-7%
Alps ETF TRAMLP	0.4%	$2m	40,279	-9%
EatonETN	0.3%	$2m	4,581	-4%
Enterprise Products Partners L.P.EPD	0.3%	$2m	49,969	-6%
Palantir TechnologiesPLTR	0.3%	$2m	15,246	-54%
BlackstoneBX	0.3%	$2m	13,934	-5%
Solaredge TechnologiesSEDG	0.3%	$2m	28,000	Held
Invesco Exchange Traded FD TRSP	0.3%	$2m	7,634	+3%
Vanguard Index FDSVNQ	0.3%	$2m	16,526	-11%
RTXRTX	0.3%	$2m	8,299	-6%
Citizens Financial GroupCFG	0.3%	$2m	22,271	-4%
Cboe Global MktsCBOE	0.3%	$1m	5,979	-65%
Pimco Corporate & Income Opportunity FundPTY	0.3%	$1m	118,277	-6%
Blackrock Corporate High Yield FundHYT	0.2%	$1m	162,310	-13%
Bank of AmericaBAC	0.2%	$1m	23,672	Held
FastenalFAST	0.2%	$1m	27,544	Held
Thermo Fisher ScientificTMO	0.2%	$1m	2,522	-3%
AmgenAMGN	0.2%	$1m	3,320	-2%
AflacAFL	0.2%	$1m	9,805	Held
Vanguard Index FDSVO	0.2%	$1m	14,078	Held
Air Products & ChemicalsAPD	0.2%	$1m	3,867	Held
Advanced Micro DevicesAMD	0.2%	$1m	1,820	Held
L3harris TechnologiesLHX	0.2%	$1m	3,454	-7%
ChevronCVX	0.2%	$1m	6,034	-15%
ARM HoldingsARM	0.2%	$997,760	2,814	Held
Invesco Exchange Traded FD TPWB	0.2%	$983,470	5,838	Held
SalesforceCRM	0.2%	$949,673	6,062	New
Wisdomtree TRDGS	0.1%	$831,330	12,847	+2%
StarbucksSBUX	0.1%	$822,221	8,046	-4%
Intuitive SurgicalISRG	0.1%	$785,418	1,975	Held
Coinbase GlobalCOIN	0.1%	$694,403	4,750	-4%
TJX CompaniesTJX	0.1%	$674,630	4,453	Held
Vanguard Index FDSVOO	0.1%	$670,490	976	+16%
Ishares TRIYR	0.1%	$648,981	6,347	-3%
Vanguard Index FDSVB	0.1%	$647,768	2,137	+7%
Vanguard Specialized FundsVIG	0.1%	$621,365	2,626	Held
Monolithic Power SystemsMPWR	0.1%	$617,915	447	Held
Vanguard Whitehall FDSVYM	0.1%	$615,685	3,896	-19%
WelltowerWELL	0.1%	$615,316	2,711	+5%
Lam ResearchLRCX	0.1%	$584,996	1,350	Held
Wisdomtree TRDGRW	0.1%	$568,748	5,948	+8%
WalmartWMT	<0.1%	$556,353	4,912	+121%
Energy Transfer L PET	<0.1%	$533,219	27,888	Held

Showing the largest 100 of 145.

Options (19)

AlphabetGOOG
Type
Put
Value
$5m
Contracts
13,000
AlphabetGOOGL
Type
Put
Value
$4m
Contracts
10,000
Bloom EnergyBE
Type
Put
Value
$3m
Contracts
11,300
GE VernovaGEV
Type
Put
Value
$3m
Contracts
2,500
Bloom EnergyBE
Type
Call
Value
$3m
Contracts
9,000
BroadcomAVGO
Type
Call
Value
$2m
Contracts
6,500
BroadcomAVGO
Type
Put
Value
$2m
Contracts
6,500
Amazon.comAMZN
Type
Call
Value
$2m
Contracts
9,000
AlphabetGOOGL
Type
Call
Value
$2m
Contracts
5,000
NvidiaNVDA
Type
Call
Value
$1m
Contracts
6,500
Micron TechnologyMU
Type
Call
Value
$1m
Contracts
1,000
MicrosoftMSFT
Type
Call
Value
$746,040
Contracts
2,000
Robinhood MarketsHOOD
Type
Call
Value
$701,960
Contracts
7,000
Robinhood MarketsHOOD
Type
Put
Value
$701,960
Contracts
7,000
Micron TechnologyMU
Type
Put
Value
$577,145
Contracts
500
ShopifySHOP
Type
Call
Value
$570,900
Contracts
5,000
NetflixNFLX
Type
Call
Value
$357,000
Contracts
5,000
ServiceNowNOW
Type
Call
Value
$248,200
Contracts
2,500
BigBear.ai HoldingsBBAI
Type
Call
Value
$41,400
Contracts
10,000

Company	Type	Value	Contracts
AlphabetGOOG	Put	$5m	13,000
AlphabetGOOGL	Put	$4m	10,000
Bloom EnergyBE	Put	$3m	11,300
GE VernovaGEV	Put	$3m	2,500
Bloom EnergyBE	Call	$3m	9,000
BroadcomAVGO	Call	$2m	6,500
BroadcomAVGO	Put	$2m	6,500
Amazon.comAMZN	Call	$2m	9,000
AlphabetGOOGL	Call	$2m	5,000
NvidiaNVDA	Call	$1m	6,500
Micron TechnologyMU	Call	$1m	1,000
MicrosoftMSFT	Call	$746,040	2,000
Robinhood MarketsHOOD	Call	$701,960	7,000
Robinhood MarketsHOOD	Put	$701,960	7,000
Micron TechnologyMU	Put	$577,145	500
ShopifySHOP	Call	$570,900	5,000
NetflixNFLX	Call	$357,000	5,000
ServiceNowNOW	Call	$248,200	2,500
BigBear.ai HoldingsBBAI	Call	$41,400	10,000

Over time and by industry

Value over time

Jun '25

Dec '25

Jun '26

Value is up 15.5% since 30 June 2025.

Where the money is

Technology35.7%

Industrials21.0%

Financial services11.2%

Health care8.4%

Media & telecom7.0%

Retail & consumer5.7%

Everyday goods0.9%

Utilities0.5%

Energy0.4%

Materials0.2%

Real estate0.1%

Other8.8%

From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.