Covenant Asset Management, LLC

hedge fundUpdated 53 days ago

Managed by Covenant Asset Management, Llc • Latest filing Q2 2026

Portfolio value

$594.6M

Q2 2026

Filings

14

Quarterly 13F history

Top-10 concentration

94.5%

Weight of largest holdings

Annualized return

11.3%

Implied from 13F holdings

Portfolio value history

13F-disclosed portfolio value over 14 quarters

Show data table

Period	Portfolio value
Q1 2023	$420.3M
Q2 2023	$394.1M
Q3 2023	$379.3M
Q4 2023	$556.6M
Q1 2024	$609.7M
Q2 2024	$628.7M
Q3 2024	$636M
Q4 2024	$651.6M
Q1 2025	$454.1M
Q2 2025	$676.6M
Q3 2025	$884.7M
Q4 2025	$844.4M
Q1 2026	$664.2M
Q2 2026	$594.6M

Top holdings

164 positions as of Q2 2026

#	Stock	Value	Shares	% Portfolio	Change
1	N NVDA NVIDIA CORPORATION	$47.2M	235.8K	7.94%	Trimmed(-4.4%)
2	M MSFT MICROSOFT CORP	$24.6M	65.9K	4.13%	Trimmed(-1.4%)
3	A AAPL APPLE INC	$23.3M	80.4K	3.91%	Trimmed(-3.3%)
4	K KLAC KLA CORP	$21.9M	72.5K	3.68%	Added(+1351.0%)
5	A AVGO BROADCOM INC	$20.3M	53.6K	3.41%	Trimmed(-3.3%)
6	G GEV GE VERNOVA INC	$19M	16.2K	3.20%	Added(+95.2%)
7	A AMZN AMAZON COM INC	$18.3M	76.7K	3.08%	Trimmed(-1.4%)
8	P PWR QUANTA SVCS INC	$17.6M	24.5K	2.97%	Trimmed(-3.5%)
9	A ASMLF ASML HLDG NV	$16.4M	8.3K	2.76%	Trimmed(-45.0%)
10	G GOOGN ALPHABET INC	$15.4M	43.1K	2.59%	Added(+330.7%)
11	H HWM HOWMET AEROSPACE INC	$12.8M	47.5K	2.15%	Trimmed(-2.2%)
12	M META META PLATFORMS INC	$11.1M	19.8K	1.87%	Added(+97.5%)
13	L LLY ELI LILLY & CO	$10.7M	9.0K	1.81%	Trimmed(-10.4%)
14	S SHOP SHOPIFY INC	$10.4M	90.7K	1.74%	Trimmed(-3.0%)
15	T TSMWF TAIWAN SEMICONDUCTOR MANUFAC	$10M	21.0K	1.69%	Trimmed(-1.4%)
16	S SPY STATE STR SPDR S&P 500 ETF T	$9.5M	12.7K	1.59%	Added(+1.7%)
17	? N/A ROBINHOOD MKTS INC	$8.9M	88.6K	1.49%	Trimmed(-1.5%)
18	M MS-PP MORGAN STANLEY	$8.3M	39.6K	1.39%	Added(+140.2%)
19	J JPM-PM JPMORGAN CHASE & CO	$8.2M	25.1K	1.38%	Trimmed(-3.0%)
20	G GE GE AEROSPACE	$8.1M	21.8K	1.37%	Trimmed(-2.1%)

N

NVIDIA CORPORATION

-4.4%

Value

$47.2M

Shares

235.8K

% Port

7.94%

M

MICROSOFT CORP

-1.4%

Value

$24.6M

Shares

65.9K

% Port

4.13%

A

APPLE INC

-3.3%

Value

$23.3M

Shares

80.4K

% Port

3.91%

K

KLA CORP

+1351.0%

Value

$21.9M

Shares

72.5K

% Port

3.68%

A

BROADCOM INC

-3.3%

Value

$20.3M

Shares

53.6K

% Port

3.41%

G

GE VERNOVA INC

+95.2%

Value

$19M

Shares

16.2K

% Port

3.20%

A

AMAZON COM INC

-1.4%

Value

$18.3M

Shares

76.7K

% Port

3.08%

P

QUANTA SVCS INC

-3.5%

Value

$17.6M

Shares

24.5K

% Port

2.97%

A

ASML HLDG NV

-45.0%

Value

$16.4M

Shares

8.3K

% Port

2.76%

G

ALPHABET INC

+330.7%

Value

$15.4M

Shares

43.1K

% Port

2.59%

H

11.HWM

HOWMET AEROSPACE INC

-2.2%

Value

$12.8M

Shares

47.5K

% Port

2.15%

M

META PLATFORMS INC

+97.5%

Value

$11.1M

Shares

19.8K

% Port

1.87%

L

13.LLY

ELI LILLY & CO

-10.4%

Value

$10.7M

Shares

9.0K

% Port

1.81%

S

SHOPIFY INC

-3.0%

Value

$10.4M

Shares

90.7K

% Port

1.74%

T

TAIWAN SEMICONDUCTOR MANUFAC

-1.4%

Value

$10M

Shares

21.0K

% Port

1.69%

S

16.SPY

STATE STR SPDR S&P 500 ETF T

+1.7%

Value

$9.5M

Shares

12.7K

% Port

1.59%

?

17.N/A

ROBINHOOD MKTS INC

-1.5%

Value

$8.9M

Shares

88.6K

% Port

1.49%

M

MORGAN STANLEY

+140.2%

Value

$8.3M

Shares

39.6K

% Port

1.39%

J

JPMORGAN CHASE & CO

-3.0%

Value

$8.2M

Shares

25.1K

% Port

1.38%

G

20.GE

GE AEROSPACE

-2.1%

Value

$8.1M

Shares

21.8K

% Port

1.37%

View full portfolio (164 holdings) →

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