Basic Stats
Portfolio Value $ 676,587,288
Current Positions 155
Latest Holdings, Performance, AUM (from 13F, 13D)

Covenant Asset Management, LLC has disclosed 155 total holdings in their latest SEC filings. Most recent portfolio value is calculated to be $ 676,587,288 USD. Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed). Covenant Asset Management, LLC’s top holdings are Invesco QQQ Trust, Series 1 (US:QQQ) , Booking Holdings Inc. (US:BKNG) , Direxion Shares ETF Trust - Direxion Daily NVDA Bear 1X Shares (US:NVDD) , Microsoft Corporation (US:MSFT) , and MercadoLibre, Inc. (US:MELI) . Covenant Asset Management, LLC’s new positions include Invesco QQQ Trust, Series 1 (US:QQQ) , Booking Holdings Inc. (US:BKNG) , MercadoLibre, Inc. (US:MELI) , MercadoLibre, Inc. (US:MELI) , and Direxion Shares ETF Trust - Direxion Daily NVDA Bear 1X Shares (US:NVDD) .

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Top Increases This Quarter

We use the change in the portfolio allocation because this is the most meaningful metric. Changes can be due to trades or changes in share prices.

Security Shares
(MM)		 Value
(MM$)		 Portfolio % ΔPortfolio %
82.75 12.2299 10.3113
57.89 8.5565 8.5565
31.36 4.6356 4.6356
0.00 6.47 0.9561 0.9561
0.02 8.65 1.2781 0.6571
0.02 4.01 0.5928 0.5928
0.01 4.72 0.6980 0.5456
0.01 4.37 0.6463 0.5258
0.03 3.15 0.4659 0.4659
0.09 8.45 1.2483 0.4434
Top Decreases This Quarter

We use the change in the portfolio allocation because this is the most meaningful metric. Changes can be due to trades or changes in share prices.

Security Shares
(MM)		 Value
(MM$)		 Portfolio % ΔPortfolio %
0.09 17.84 2.6364 -1.8991
0.04 6.48 0.9578 -0.9304
0.01 0.31 0.0456 -0.8998
0.00 0.26 0.0385 -0.7707
0.08 17.62 2.6049 -0.7574
0.02 2.66 0.3933 -0.6707
0.07 33.81 4.9972 -0.6003
0.01 6.82 1.0084 -0.5614
0.01 5.41 0.7998 -0.5394
0.06 4.43 0.6544 -0.4629
13F and Fund Filings

This form was filed on 2025-07-17 for the reporting period 2025-06-30. Click the link icon to see the full transaction history.

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2022-07-28: Important Note - We have changed the treatment of the Δ Portfolio % column in this table. Previously, we were reporting it as the percent change in the portfolio allocation. We are now reporting it as the raw change in the portfolio allocation (still reported as a percent). In formula terms, we were previously reporting it as 100 * (current allocation - prior allocation ) / prior allocation. We are now reporting it as (current allocation - prior allocation).
Security Type Avg Share Price Shares
(MM)		 ΔShares
(%)		 ΔShares
(%)		 Value
($MM)		 Portfolio
(%)		 ΔPortfolio
(%)
QQQ / Invesco QQQ Trust, Series 1 Put 82.75 578.19 12.2299 10.3113
BKNG / Booking Holdings Inc. Put 57.89 8.5565 8.5565
NVDD / Direxion Shares ETF Trust - Direxion Daily NVDA Bear 1X Shares 0.26 3.19 40.74 50.42 6.0208 0.0566
MSFT / Microsoft Corporation 0.07 0.40 33.81 33.03 4.9972 -0.6003
MELI / MercadoLibre, Inc. Put 31.36 4.6356 4.6356
AVGO / Broadcom Inc. 0.07 3.15 20.26 69.83 2.9951 0.3671
AAPL / Apple Inc. 0.09 -6.22 17.84 -13.38 2.6364 -1.8991
AMZN / Amazon.com, Inc. 0.08 0.11 17.62 15.44 2.6049 -0.7574
NFLX / Netflix, Inc. 0.01 3.80 14.53 49.07 2.1469 0.0007
META / Meta Platforms, Inc. 0.02 3.92 14.34 33.07 2.1190 -0.2538
SHOP / Shopify Inc. 0.10 1.19 11.25 22.25 1.6632 -0.3642
PANW / Palo Alto Networks, Inc. 0.05 0.43 10.43 20.44 1.5415 -0.3656
PWR / Quanta Services, Inc. 0.03 -1.12 9.61 47.10 1.4208 -0.0187
TTD / The Trade Desk, Inc. 0.13 -0.58 9.57 30.80 1.4147 -0.1970
HWM / Howmet Aerospace Inc. 0.05 -0.35 8.96 42.98 1.3243 -0.0559
ANET / Arista Networks Inc 0.08 -0.55 8.65 31.32 1.2785 -0.1722
GEV / GE Vernova Inc. 0.02 76.94 8.65 206.74 1.2781 0.6571
HOOD / Robinhood Markets, Inc. 0.09 2.73 8.45 131.12 1.2483 0.4434
NOW / ServiceNow, Inc. 0.01 4.22 8.00 34.59 1.1830 -0.1269
JPM / JPMorgan Chase & Co. 0.03 1.13 7.66 19.52 1.1323 -0.2793
SPY / SPDR S&P 500 ETF 0.01 3.62 7.54 14.45 1.1148 -0.3366
SPOT / Spotify Technology S.A. 0.01 1.90 7.26 42.16 1.0731 -0.0518
LLY / Eli Lilly and Company 0.01 1.41 6.82 -4.29 1.0084 -0.5614
ASML / ASML Holding N.V. - Depositary Receipt (Common Stock) 0.01 -0.58 6.61 20.26 0.9774 -0.2339
KLAC / KLA Corporation 0.01 2.24 6.59 34.70 0.9743 -0.1034
GOOGL / Alphabet Inc. 0.04 -33.67 6.48 -24.41 0.9578 -0.9304
MELI / MercadoLibre, Inc. 0.00 6.47 0.9561 0.9561
QCOM / QUALCOMM Incorporated 0.04 -1.25 5.98 2.38 0.8845 -0.4029
ISRG / Intuitive Surgical, Inc. 0.01 0.74 5.98 10.53 0.8843 -0.3078
TDG / TransDigm Group Incorporated 0.00 0.20 5.95 10.16 0.8801 -0.3105
LNG / Cheniere Energy, Inc. 0.02 0.73 5.92 6.00 0.8745 -0.3547
ADP / Automatic Data Processing, Inc. 0.02 0.25 5.41 1.20 0.8002 -0.3782
VRTX / Vertex Pharmaceuticals Incorporated 0.01 -3.09 5.41 -11.00 0.7998 -0.5394
ARM / Arm Holdings plc - Depositary Receipt (Common Stock) 0.03 -9.57 5.31 36.97 0.7847 -0.0691
COF / Capital One Financial Corporation 0.02 3.55 5.25 22.89 0.7752 -0.1649
UBER / Uber Technologies, Inc. 0.05 0.66 5.10 28.89 0.7537 -0.1176
QQQ / Invesco QQQ Trust, Series 1 0.01 3.53 4.75 21.80 0.7026 -0.1570
AXP / American Express Company 0.01 475.44 4.72 582.37 0.6980 0.5456
NVDD / Direxion Shares ETF Trust - Direxion Daily NVDA Bear 1X Shares Call 4.58 148.70 0.6772 0.2714
MRK / Merck & Co., Inc. 0.06 -1.04 4.43 -12.73 0.6544 -0.4629
GS / The Goldman Sachs Group, Inc. 0.01 517.18 4.37 700.73 0.6463 0.5258
BSX / Boston Scientific Corporation 0.04 2.72 4.27 9.38 0.6312 -0.2288
SYK / Stryker Corporation 0.01 -1.25 4.26 4.95 0.6299 -0.2644
COST / Costco Wholesale Corporation 0.00 2.28 4.22 7.05 0.6241 -0.2446
ABBV / AbbVie Inc. 0.02 -0.93 4.07 -12.23 0.6014 -0.4197
GE / General Electric Company 0.02 4.01 0.5928 0.5928
HQY / HealthEquity, Inc. 0.04 -1.98 3.89 16.18 0.5753 -0.1625
AVGO / Broadcom Inc. Call 3.58 167.59 0.5296 0.2346
SF / Stifel Financial Corp. 0.03 3.15 0.4659 0.4659
VUG / Vanguard Index Funds - Vanguard Growth ETF 0.01 5.68 3.09 24.93 0.4571 -0.0881
WM / Waste Management, Inc. 0.01 -0.42 2.95 -1.57 0.4361 -0.2241
ORCL / Oracle Corporation 0.01 -0.17 2.94 56.17 0.4340 0.0197
BLK / BlackRock, Inc. 0.00 -0.95 2.85 9.80 0.4206 -0.1502
AVGO / Broadcom Inc. Put 2.76 105.83 0.4074 0.1124
GOOG / Alphabet Inc. 0.02 -6.30 2.69 6.41 0.3975 -0.1592
MS / Morgan Stanley 0.02 -54.38 2.66 -44.94 0.3933 -0.6707
V / Visa Inc. 0.01 0.00 2.39 1.32 0.3526 -0.1660
HD / The Home Depot, Inc. 0.01 1.83 2.33 1.84 0.3444 -0.1594
SE / Sea Limited - Depositary Receipt (Common Stock) 0.01 2.25 0.3328 0.3328
MSTR / Strategy Inc 0.01 0.00 2.22 40.25 0.3286 -0.0206
TSLA / Tesla, Inc. 0.01 79.26 2.21 119.82 0.3262 0.1050
BX / Blackstone Inc. 0.01 2.24 2.20 9.39 0.3254 -0.1178
JNJ / Johnson & Johnson 0.01 -1.93 2.14 -9.64 0.3160 -0.2053
AMZN / Amazon.com, Inc. Call 1.97 15.30 0.2918 -0.0853
VTV / Vanguard Index Funds - Vanguard Value ETF 0.01 -2.27 1.90 0.00 0.2814 -0.1379
AMLP / ALPS ETF Trust - Alerian MLP ETF 0.04 1.85 1.86 -4.17 0.2750 -0.1527
RH / RH 0.01 1.83 0.2710 0.2710
PLTR / Palantir Technologies Inc. 0.01 228.14 1.79 430.47 0.2650 0.1905
EPD / Enterprise Products Partners L.P. - Limited Partnership 0.06 -1.05 1.76 -10.12 0.2601 -0.1711
TXN / Texas Instruments Incorporated 0.01 0.21 1.75 15.76 0.2585 -0.0742
ETN / Eaton Corporation plc 0.00 3.54 1.74 36.02 0.2574 -0.0247
HYT / BlackRock Corporate High Yield Fund, Inc. 0.18 1.56 1.71 3.33 0.2522 -0.1114
VNQ / Vanguard Specialized Funds - Vanguard Real Estate ETF 0.02 -3.03 1.67 -4.58 0.2465 -0.1386
COIN / Coinbase Global, Inc. 0.00 0.40 1.66 104.44 0.2451 0.0664
VTI / Vanguard Index Funds - Vanguard Total Stock Market ETF 0.01 -2.97 1.63 7.32 0.2407 -0.0936
PTY / PIMCO Corporate & Income Opportunity Fund 0.11 1.16 1.55 -2.70 0.2294 -0.1219
APD / Air Products and Chemicals, Inc. 0.01 -0.64 1.44 -4.96 0.2125 -0.1207
FAST / Fastenal Company 0.03 98.67 1.25 7.64 0.1853 -0.0713
GOOGL / Alphabet Inc. Call 1.23 13.96 0.1823 -0.0561
RTX / RTX Corporation 0.01 31.50 1.23 44.97 0.1811 -0.0050
RSP / Invesco Exchange-Traded Fund Trust - Invesco S&P 500 Equal Weight ETF 0.01 5.54 1.21 10.72 0.1786 -0.0618
CVX / Chevron Corporation 0.01 -0.14 1.15 -14.55 0.1694 -0.1259
BAC / Bank of America Corporation 0.02 -0.19 1.13 13.11 0.1671 -0.0529
CFG / Citizens Financial Group, Inc. 0.02 -4.09 1.09 4.80 0.1614 -0.0682
AFL / Aflac Incorporated 0.01 0.00 1.07 -5.14 0.1584 -0.0904
CAT / Caterpillar Inc. 0.00 -3.91 1.07 13.15 0.1578 -0.0501
TMO / Thermo Fisher Scientific Inc. 0.00 0.00 1.06 -18.51 0.1568 -0.1300
PAYX / Paychex, Inc. 0.01 0.00 1.00 -5.78 0.1472 -0.0854
AMGN / Amgen Inc. 0.00 -10.61 0.99 -19.87 0.1460 -0.1256
VO / Vanguard Index Funds - Vanguard Mid-Cap ETF 0.00 0.84 0.98 9.02 0.1448 -0.0530
SBUX / Starbucks Corporation 0.01 4.44 0.97 -2.51 0.1439 -0.0759
LHX / L3Harris Technologies, Inc. 0.00 5.11 0.97 25.98 0.1427 -0.0261
SHOP / Shopify Inc. Call 0.92 20.84 0.1364 -0.0318
SBUX / Starbucks Corporation Call 0.92 -6.53 0.1354 -0.0806
HON / Honeywell International Inc. 0.00 -0.89 0.88 9.03 0.1303 -0.0478
ADBE / Adobe Inc. 0.00 -1.62 0.87 -0.68 0.1288 -0.0646
DGS / WisdomTree Trust - WisdomTree Emerging Markets SmallCap Dividend Fund 0.02 -2.43 0.83 11.68 0.1230 -0.0413
SEDG / SolarEdge Technologies, Inc. Call 0.82 22.50 0.1215 -0.0264
PWB / Invesco Exchange-Traded Fund Trust - Invesco Large Cap Growth ETF 0.01 -0.05 0.71 22.28 0.1047 -0.0230
ABT / Abbott Laboratories 0.00 15.14 0.67 18.07 0.0995 -0.0261
IYR / iShares Trust - iShares U.S. Real Estate ETF 0.01 -2.97 0.65 -3.99 0.0961 -0.0530
ET / Energy Transfer LP - Limited Partnership 0.03 4.75 0.60 2.21 0.0891 -0.0408
VYM / Vanguard Whitehall Funds - Vanguard High Dividend Yield ETF 0.00 -3.46 0.59 -0.17 0.0879 -0.0433
DHR / Danaher Corporation 0.00 -0.74 0.58 -4.45 0.0858 -0.0479
JPM / JPMorgan Chase & Co. Call 0.58 18.16 0.0857 -0.0224
TJX / The TJX Companies, Inc. 0.00 10.32 0.56 11.80 0.0828 -0.0275
TSCO / Tractor Supply Company 0.01 0.00 0.55 -4.16 0.0818 -0.0455
VIG / Vanguard Specialized Funds - Vanguard Dividend Appreciation ETF 0.00 -1.84 0.55 3.42 0.0807 -0.0354
SEDG / SolarEdge Technologies, Inc. 0.03 18.18 0.53 49.30 0.0784 -0.0000
DGRW / WisdomTree Trust - WisdomTree U.S. Quality Dividend Growth Fund 0.01 0.02 0.49 4.95 0.0721 -0.0304
PEP / PepsiCo, Inc. 0.00 0.00 0.47 -12.05 0.0691 -0.0479
MUB / iShares Trust - iShares National Muni Bond ETF 0.00 0.00 0.42 -0.95 0.0614 -0.0309
CQP / Cheniere Energy Partners, L.P. - Limited Partnership 0.01 0.00 0.41 -15.18 0.0604 -0.0457
WELL / Welltower Inc. 0.00 0.00 0.41 0.25 0.0604 -0.0293
BTT / Blackrock Municipal 2030 Target Term Trust 0.02 0.00 0.40 3.06 0.0598 -0.0266
CARR / Carrier Global Corporation 0.01 0.00 0.40 15.52 0.0595 -0.0173
VB / Vanguard Index Funds - Vanguard Small-Cap ETF 0.00 1.48 0.39 8.36 0.0576 -0.0215
UNP / Union Pacific Corporation 0.00 0.00 0.38 -2.56 0.0563 -0.0298
TD / The Toronto-Dominion Bank 0.01 -4.03 0.38 17.45 0.0558 -0.0149
LMT / Lockheed Martin Corporation 0.00 0.00 0.37 3.93 0.0547 -0.0239
CRCL / Circle Internet Group, Inc. 0.00 0.36 0.0536 0.0536
TTD / The Trade Desk, Inc. Call 0.36 31.50 0.0532 -0.0071
VLO / Valero Energy Corporation 0.00 0.00 0.35 1.75 0.0515 -0.0239
NEE / NextEra Energy, Inc. 0.00 0.00 0.35 -1.98 0.0511 -0.0267
MPWR / Monolithic Power Systems, Inc. 0.00 -0.65 0.34 25.28 0.0499 -0.0095
MKC / McCormick & Company, Incorporated 0.00 0.00 0.34 -7.97 0.0496 -0.0307
JPMORGAN CHASE FINL CO LLC / CAL LKD 44 (48133Q309) 0.01 0.33 0.0000
VOO / Vanguard Index Funds - Vanguard S&P 500 ETF 0.00 0.88 0.33 11.64 0.0482 -0.0162
CMG / Chipotle Mexican Grill, Inc. 0.01 -93.57 0.31 -92.82 0.0456 -0.8998
OKE / ONEOK, Inc. 0.00 0.00 0.31 -17.79 0.0452 -0.0367
AZN / AstraZeneca PLC - Depositary Receipt (Common Stock) 0.00 0.00 0.30 -5.14 0.0437 -0.0248
INTU / Intuit Inc. 0.00 0.00 0.29 28.63 0.0432 -0.0070
SDY / SPDR Series Trust - SPDR S&P Dividend ETF 0.00 0.00 0.29 0.00 0.0426 -0.0208
PG / The Procter & Gamble Company 0.00 -19.59 0.28 -24.80 0.0409 -0.0402
CEF / Sprott Physical Gold and Silver Trust 0.01 0.00 0.28 6.18 0.0407 -0.0165
ARKK / ARK ETF Trust - ARK Innovation ETF 0.00 0.27 0.0396 0.0396
HFXI / New York Life Investments ETF Trust - NYLI FTSE International Equity Currency Neutral ETF 0.01 0.82 0.27 8.13 0.0394 -0.0150
KKR / KKR & Co. Inc. 0.00 -93.84 0.26 -92.92 0.0385 -0.7707
AMD / Advanced Micro Devices, Inc. 0.00 0.25 0.0370 0.0370
NRG / NRG Energy, Inc. 0.00 0.25 0.0368 0.0368
VCSH / Vanguard Scottsdale Funds - Vanguard Short-Term Corporate Bond ETF 0.00 0.00 0.25 0.82 0.0366 -0.0176
FBTC / Fidelity Wise Origin Bitcoin Fund 0.00 0.25 0.0365 0.0365
WSM / Williams-Sonoma, Inc. 0.00 0.13 0.25 3.38 0.0363 -0.0160
GCC / WisdomTree Trust - WisdomTree Enhanced Commodity Strategy Fund 0.01 0.00 0.25 1.66 0.0362 -0.0170
XYZ / Block, Inc. 0.00 0.24 0.0353 0.0353
BMY / Bristol-Myers Squibb Company 0.00 0.67 0.23 -23.84 0.0341 -0.0324
IJH / iShares Trust - iShares Core S&P Mid-Cap ETF 0.00 0.00 0.23 6.13 0.0334 -0.0134
IVW / iShares Trust - iShares S&P 500 Growth ETF 0.00 0.21 0.0311 0.0311
PLD / Prologis, Inc. 0.00 -6.93 0.21 -12.66 0.0307 -0.0216
HDV / iShares Trust - iShares Core High Dividend ETF 0.00 0.00 0.21 -3.30 0.0304 -0.0165
SEDG / SolarEdge Technologies, Inc. Put 0.20 26.71 0.0302 -0.0055
SO / The Southern Company 0.00 0.00 0.20 0.00 0.0299 -0.0147
SOUN / SoundHound AI, Inc. 0.01 0.13 0.0193 0.0193
BYM / BlackRock Municipal Income Quality Trust 0.01 0.00 0.13 -2.34 0.0185 -0.0097
BBAI / BigBear.ai Holdings, Inc. Call 0.08 0.0115 0.0115
XBI / SPDR Series Trust - SPDR S&P Biotech ETF 0.00 -100.00 0.00 0.0000
TSM / Taiwan Semiconductor Manufacturing Company Limited - Depositary Receipt (Common Stock) 0.00 -100.00 0.00 0.0000
JEF / Jefferies Financial Group Inc. 0.00 -100.00 0.00 0.0000
VRT / Vertiv Holdings Co 0.00 -100.00 0.00 0.0000
DECK / Deckers Outdoor Corporation 0.00 -100.00 0.00 0.0000
UNH / UnitedHealth Group Incorporated 0.00 -100.00 0.00 0.0000
REGN / Regeneron Pharmaceuticals, Inc. 0.00 -100.00 0.00 0.0000