Covenant Asset Management, LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 23, 2024), Covenant Asset Management, LLC reported 134 stock positions worth $411.7 million. Its top holding was Microsoft (MSFT) at 7.5% of the portfolio, followed by Nvidia (NVDA, 7.1%) and Apple (AAPL, 4.1%). Compared with Q4 2023, it opened 8 new positions, sold out of 10, added to 69 and reduced 33. The biggest buy was Nvidia (NVDA, shares +0%) and the biggest sale Apple (AAPL, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- CHESTER, NJ
- CIK
- 0001697717
- Portfolio Value
- $411.7M (Q1 2024)
- SEC Filing
- 0001697717-24-000004 ↗ filed Apr 23, 2024
Holdings Value
Holdings 134 stocks · $411.7M
| MSFT Microsoft Corp. | 7.47% | 73,134 | $30.8M | Add +0.2% |
| NVDA Nvidia Corp. | 7.12% | 32,417 | $29.3M | Add +0.3% |
| AAPL Apple Inc. | 4.10% | 98,410 | $16.9M | Reduce -1.4% |
| AMZN Amazon.com Inc. | 3.95% | 90,112 | $16.3M | Reduce -0.6% |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 2.94% | 138,513 | $12.1M | Add +0.1% |
| AVGO Broadcom Inc. | 2.39% | 7,419 | $9.8M | Add +1.6% |
| META Meta Platforms Inc. Class A | 2.31% | 19,595 | $9.5M | Add +105.7% |
| LLY Eli Lilly & Co. | 2.27% | 11,990 | $9.3M | Add +0.4% |
| GOOGL Alphabet Inc. Class A | 2.19% | 59,627 | $9.0M | Reduce -1.2% |
| AMD Advanced Micro Devices | 2.00% | 45,572 | $8.2M | Add +1.0% |
| SHOP Shopify Inc. Class A | 1.97% | 105,337 | $8.1M | Reduce -0.6% |
| ASML ASML Holding NV-NY Reg SHS | 1.93% | 8,172 | $7.9M | Add +0.2% |
| MRK Merck & Co. Inc. | 1.92% | 59,934 | $7.9M | Reduce -1.6% |
| QCOM Qualcomm Inc. | 1.85% | 44,864 | $7.6M | Reduce -0.0% |
| PANW Palo Alto Networks Inc. | 1.79% | 25,941 | $7.4M | Add +1.4% |
| SNPS Synopsys Inc. | 1.76% | 12,695 | $7.3M | Add +4.3% |
| PWR Quanta Services Inc. | 1.66% | 26,286 | $6.8M | Reduce -0.3% |
| ANET Arista Networks Inc. | 1.51% | 21,410 | $6.2M | Add +0.5% |
| REGN Regeneron Pharmaceuticals | 1.49% | 6,355 | $6.1M | Reduce -0.2% |
| JPM JPMorgan Chase & Co. | 1.48% | 30,431 | $6.1M | Add +4.1% |
| DECK Deckers Outdoor Corp. | 1.48% | 6,475 | $6.1M | Reduce -1.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.34% | 10,512 | $5.5M | Add +9.8% |
| NOW ServiceNow Inc. | 1.32% | 7,111 | $5.4M | Add +5.3% |
| ODFL Old Dominion Freight Line | 1.30% | 24,466 | $5.4M | Add +2.5% |
| DE Deere & Co. | 1.25% | 12,531 | $5.1M | Add +0.7% |
| TDG Transdigm Group Inc. | 1.23% | 4,119 | $5.1M | Add +0.1% |
| VRTX Vertex Pharmaceuticals Inc. | 1.23% | 12,093 | $5.1M | Add +7.1% |
| CMG Chipotle Mexican Grill Inc. | 1.23% | 1,736 | $5.0M | Add +0.6% |
| KLAC KLA Corp. | 1.21% | 7,146 | $5.0M | Add +1.8% |
| ADP Automatic Data Processing | 1.20% | 19,742 | $4.9M | Add +0.1% |
| ABBV Abbvie Inc. | 1.14% | 25,837 | $4.7M | Add +5.0% |
| ISRG Intuitive Surgical Inc. | 1.06% | 10,924 | $4.4M | Add +1.1% |
| ADBE Adobe Inc. | 1.00% | 8,155 | $4.1M | Add +2.6% |
| UBER Uber Technologies Inc. | 0.99% | 52,971 | $4.1M | Add +0.3% |
| LNG Cheniere Energy Inc. | 0.97% | 24,654 | $4.0M | Reduce -0.2% |
| NBIX Neurocrine Biosciences Inc. | 0.95% | 28,306 | $3.9M | Add +1.9% |
| UNH Unitedhealth Group Inc. | 0.95% | 7,875 | $3.9M | Add +18.6% |
| FANG Diamondback Energy Inc. | 0.91% | 18,811 | $3.7M | Reduce -1.3% |
| QQQ Invesco QQQ Trust Series 1 | 0.90% | 8,322 | $3.7M | Add +3.6% |
| IDXX Idexx Laboratories Inc. | 0.85% | 6,484 | $3.5M | Add +1.5% |
| NFLX Netflix Inc. | 0.84% | 5,695 | $3.5M | Reduce -0.1% |
| COST Costco Wholesale Corp. | 0.83% | 4,669 | $3.4M | Add +0.9% |
| HWM Howmet Aerospace Inc. | 0.83% | 49,714 | $3.4M | New |
| JNJ Johnson & Johnson | 0.75% | 19,410 | $3.1M | Reduce -2.0% |
| WM Waste Management Inc. | 0.71% | 13,786 | $2.9M | Add +2.1% |
| ULTA Ulta Beauty Inc. | 0.68% | 5,321 | $2.8M | Add +0.1% |
| INTU Intuit Inc. | 0.66% | 4,210 | $2.7M | Add +3.1% |
| HD Home Depot Inc. | 0.61% | 6,554 | $2.5M | Add +4.4% |
| VLO Valero Energy Corp. | 0.61% | 14,659 | $2.5M | Add +0.4% |
| GOOG Alphabet Inc. Class C | 0.60% | 16,180 | $2.5M | Reduce -1.0% |
| ORCL Oracle Corp. | 0.59% | 19,285 | $2.4M | No change |
| BLK BlackRock Finance Inc. | 0.58% | 2,849 | $2.4M | Add +3.5% |
| BX Blackstone Inc. | 0.56% | 17,414 | $2.3M | Reduce -2.5% |
| SBUX Starbucks Corp. | 0.50% | 22,466 | $2.1M | Add +0.9% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.49% | 12,478 | $2.0M | Reduce -1.8% |
| EPD Enterprise Products Partners | 0.48% | 67,229 | $2.0M | Add +2.1% |
| V Visa Inc. Class A | 0.46% | 6,719 | $1.9M | Add +1.4% |
| MS Morgan Stanley | 0.44% | 19,339 | $1.8M | Add +3.5% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.42% | 4,970 | $1.7M | Reduce -1.9% |
| CVX Chevron Corp. | 0.41% | 10,828 | $1.7M | Add +4.6% |
| VNQ Vanguard Real Estate ETF | 0.39% | 18,751 | $1.6M | Add +6.0% |
| HYT BlackRock Corp. Hi YLD | 0.38% | 161,300 | $1.6M | Add +3.7% |
| TMO Thermo Fisher Scientific Inc. | 0.37% | 2,617 | $1.5M | Reduce -3.5% |
| ETN Eaton Corp. PLC | 0.37% | 4,863 | $1.5M | Add +8.2% |
| TXN Texas Instruments Inc. | 0.36% | 8,555 | $1.5M | Add +9.2% |
| COIN Coinbase Global Inc. Class A | 0.35% | 5,430 | $1.4M | No change |
| AMGN Amgen Inc. | 0.35% | 5,012 | $1.4M | Add +5.5% |
| FAST Fastenal Co. | 0.33% | 17,434 | $1.3M | Add +4.5% |
| APD Air Products & Chemicals Inc. | 0.32% | 5,441 | $1.3M | Add +2.4% |
| CAT Caterpillar Inc. | 0.32% | 3,554 | $1.3M | Add +1.5% |
| VTI VG Morningstar TS MKT ETF-US | 0.31% | 4,978 | $1.3M | Add +17.4% |
| PTY PIMCO Corporate & Income Opp | 0.29% | 81,532 | $1.2M | Add +37.5% |
| SEDG Solaredge Technologies Inc. | 0.27% | 15,700 | $1.1M | No change |
| PAYX Paychex Inc. | 0.26% | 8,590 | $1.1M | Reduce -4.5% |
| LHX L3HARRIS Technologies Inc. | 0.24% | 4,731 | $1.0M | New |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.24% | 26,216 | $994K | Reduce -9.8% |
| ET Energy Transfer LP | 0.23% | 59,626 | $938K | Add +3.4% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.22% | 3,577 | $894K | Add +4.9% |
| AFL Aflac Inc. | 0.21% | 10,160 | $872K | No change |
| DGS Wisdomtree Em Small Cap | 0.20% | 16,277 | $828K | Reduce -1.5% |
| HON Honeywell International Inc. | 0.19% | 3,885 | $797K | Add +3.7% |
| RSP Invesco S&P 500 Equal Weight | 0.19% | 4,587 | $777K | Add +39.5% |
| AMLP Alerian MLP ETF | 0.18% | 16,003 | $760K | Add +0.7% |
| DHR Danaher Corp. | 0.18% | 2,992 | $747K | No change |
| MCHP Microchip Technology Inc. | 0.18% | 8,154 | $731K | New |
| TSCO Tractor Supply Company | 0.17% | 2,669 | $699K | Add +20.0% |
| IYR iShares US Real Estate ETF | 0.16% | 7,448 | $670K | Reduce -6.0% |
| RTX RTX Corp. | 0.15% | 6,380 | $622K | Add +20.8% |
| PEP Pepsico Inc. | 0.15% | 3,543 | $620K | No change |
| VIG Vanguard Dividend Apprec ETF | 0.15% | 3,344 | $611K | Reduce -2.1% |
| VYM Vanguard High DVD Yield ETF | 0.15% | 5,021 | $607K | No change |
| TSLA Tesla Inc. | 0.14% | 3,247 | $571K | Add +32.1% |
| ABT Abbott Laboratories | 0.14% | 4,983 | $566K | No change |
| AXP American Express Co. | 0.14% | 2,461 | $560K | No change |
| PWB Invesco Large Cap Growth ETF | 0.13% | 6,118 | $546K | Reduce -12.0% |
| NXPI NXP Semiconductors NV | 0.13% | 2,151 | $533K | New |
| BTT BlackRock 2030 Muni TRGT TRM | 0.12% | 22,750 | $479K | No change |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.11% | 4,440 | $450K | New |
| DGRW Wisdomtree U.S. Quality Divi | 0.11% | 5,898 | $449K | Add +5.6% |
| PG The Procter & Gamble Co. | 0.11% | 2,716 | $441K | No change |
Options reported separately and not counted above: CMG puts ($74.1M), AVGO puts ($43.1M), CMG calls ($24.7M), SPY puts ($22.2M), REGN puts ($15.4M), NOW puts ($15.2M), SNPS calls ($1.7M), AMZN calls ($722K), ENPH puts ($472K), GOOG calls ($305K).
Portfolio Sells Q4 2023 → Q1 2024
| AAPL Apple Inc. | Reduce -1.4% | 4.10% | −1.25 |
| ROK Rockwell Automation Inc. | Sold out | 0.00% | −1.02 |
| BA The Boeing Co. | Sold out | 0.00% | −0.99 |
| EOG EOG Resources Inc. | Sold out | 0.00% | −0.43 |
| SHOP Shopify Inc. Class A | Reduce -0.6% | 1.97% | −0.32 |
| LMT Lockheed Martin Corp. | Reduce -72.6% | 0.09% | −0.28 |
| CSCO Cisco Systems Inc. | Sold out | 0.00% | −0.22 |
| LNG Cheniere Energy Inc. | Reduce -0.2% | 0.97% | −0.21 |
| BMY Bristol-Myers Squibb Co. | Reduce -77.1% | 0.05% | −0.19 |
| NEE Nextera Energy Inc. | Reduce -62.0% | 0.09% | −0.16 |
| GOOGL Alphabet Inc. Class A | Reduce -1.2% | 2.19% | −0.16 |
| ILMN Illumina Inc. | Sold out | 0.00% | −0.13 |
| JNJ Johnson & Johnson | Reduce -2.0% | 0.75% | −0.12 |
| SPGI S&P Global Inc. | Sold out | 0.00% | −0.11 |
| KOF Coca-Cola Femsa Sab-SP ADR | Sold out | 0.00% | −0.10 |
| BX Blackstone Inc. | Reduce -2.5% | 0.56% | −0.10 |
| REGN Regeneron Pharmaceuticals | Reduce -0.2% | 1.49% | −0.07 |
| VZ Verizon Communications Inc. | Reduce -41.3% | 0.09% | −0.07 |
| MPWR Monolithic Power Systems Inc. | Sold out | 0.00% | −0.06 |
| SO The Southern Co. | Sold out | 0.00% | −0.06 |
| GOOG Alphabet Inc. Class C | Reduce -1.0% | 0.60% | −0.04 |
| PAYX Paychex Inc. | Reduce -4.5% | 0.26% | −0.04 |
| IYR iShares US Real Estate ETF | Reduce -6.0% | 0.16% | −0.04 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -1.8% | 0.49% | −0.04 |
| TMO Thermo Fisher Scientific Inc. | Reduce -3.5% | 0.37% | −0.03 |
| BAC Bank of America Corp. | Reduce -9.8% | 0.24% | −0.03 |
| DGS Wisdomtree Em Small Cap | Reduce -1.5% | 0.20% | −0.03 |
| XYZ Block Inc. | Reduce -16.0% | 0.09% | −0.02 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -1.9% | 0.42% | −0.02 |
| NEW AMERICA HIGH INCOME FUND | Sold out | 0.00% | −0.02 |
| PLD Prologis Inc. | Reduce -5.6% | 0.08% | −0.02 |
| PWB Invesco Large Cap Growth ETF | Reduce -12.0% | 0.13% | −0.02 |
| HDV iShares Core High Dividend E | Reduce -19.4% | 0.05% | −0.02 |
| VIG Vanguard Dividend Apprec ETF | Reduce -2.1% | 0.15% | −0.01 |
| ARKK ARK Innovation ETF | Reduce -1.0% | 0.06% | −0.01 |
| BYM BlackRock Muni Inc. QLTY | Reduce -4.6% | 0.05% | −0.01 |
| QCOM Qualcomm Inc. | Reduce -0.0% | 1.85% | +0.04 |
| NFLX Netflix Inc. | Reduce -0.1% | 0.84% | +0.07 |
| MRK Merck & Co. Inc. | Reduce -1.6% | 1.92% | +0.07 |
| PWR Quanta Services Inc. | Reduce -0.3% | 1.66% | +0.08 |
| FANG Diamondback Energy Inc. | Reduce -1.3% | 0.91% | +0.08 |
| AMZN Amazon.com Inc. | Reduce -0.6% | 3.95% | +0.12 |
| DECK Deckers Outdoor Corp. | Reduce -1.3% | 1.48% | +0.26 |
Portfolio Buys Q4 2023 → Q1 2024
| NVDA Nvidia Corp. | Add +0.3% | 7.12% | +2.66 |
| META Meta Platforms Inc. Class A | Add +105.7% | 2.31% | +1.37 |
| HWM Howmet Aerospace Inc. | New | 0.83% | +0.83 |
| LLY Eli Lilly & Co. | Add +0.4% | 2.27% | +0.33 |
| LHX L3HARRIS Technologies Inc. | New | 0.24% | +0.24 |
| ASML ASML Holding NV-NY Reg SHS | Add +0.2% | 1.93% | +0.21 |
| MCHP Microchip Technology Inc. | New | 0.18% | +0.18 |
| TTD Trade Desk Inc./the Class A | Add +0.1% | 2.94% | +0.17 |
| AMD Advanced Micro Devices | Add +1.0% | 2.00% | +0.15 |
| NXPI NXP Semiconductors NV | New | 0.13% | +0.13 |
| CMG Chipotle Mexican Grill Inc. | Add +0.6% | 1.23% | +0.13 |
| AVGO Broadcom Inc. | Add +1.6% | 2.39% | +0.12 |
| ANET Arista Networks Inc. | Add +0.5% | 1.51% | +0.11 |
| TJX TJX Companies Inc. | New | 0.11% | +0.11 |
| JPM JPMorgan Chase & Co. | Add +4.1% | 1.48% | +0.10 |
| UBER Uber Technologies Inc. | Add +0.3% | 0.99% | +0.09 |
| ABBV Abbvie Inc. | Add +5.0% | 1.14% | +0.08 |
| VLO Valero Energy Corp. | Add +0.4% | 0.61% | +0.08 |
| KLAC KLA Corp. | Add +1.8% | 1.21% | +0.08 |
| PTY PIMCO Corporate & Income Opp | Add +37.5% | 0.29% | +0.08 |
| TDG Transdigm Group Inc. | Add +0.1% | 1.23% | +0.07 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +9.8% | 1.34% | +0.07 |
| ETN Eaton Corp. PLC | Add +8.2% | 0.37% | +0.07 |
| PSX Phillips 66 | New | 0.06% | +0.06 |
| WSM Williams-Sonoma Inc. | New | 0.06% | +0.06 |
| SCHD Schwab US DVD Equity ETF | New | 0.05% | +0.05 |
| ISRG Intuitive Surgical Inc. | Add +1.1% | 1.06% | +0.04 |
| RSP Invesco S&P 500 Equal Weight | Add +39.5% | 0.19% | +0.04 |
| WM Waste Management Inc. | Add +2.1% | 0.71% | +0.04 |
| TSCO Tractor Supply Company | Add +20.0% | 0.17% | +0.04 |
| VTI VG Morningstar TS MKT ETF-US | Add +17.4% | 0.31% | +0.03 |
| CAT Caterpillar Inc. | Add +1.5% | 0.32% | +0.03 |
| RTX RTX Corp. | Add +20.8% | 0.15% | +0.03 |
| FAST Fastenal Co. | Add +4.5% | 0.33% | +0.03 |
| SNPS Synopsys Inc. | Add +4.3% | 1.76% | +0.02 |
| ET Energy Transfer LP | Add +3.4% | 0.23% | +0.01 |
| HD Home Depot Inc. | Add +4.4% | 0.61% | +0.01 |
| PAA Plains All Amer Pipeline LP | Add +3.7% | 0.09% | +0.00 |
| VOO Vanguard S&P 500 ETF | Add +10.0% | 0.07% | +0.00 |
| OKE Oneok Inc. | Add +4.6% | 0.08% | +0.00 |
| DGRW Wisdomtree U.S. Quality Divi | Add +5.6% | 0.11% | −0.00 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +12.7% | 0.06% | −0.00 |
| GCC Wisdomtree Enhanced Commodit | Add +2.4% | 0.05% | −0.00 |
| AMLP Alerian MLP ETF | Add +0.7% | 0.18% | −0.00 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +4.9% | 0.22% | −0.00 |
| AZN Astrazeneca PLC-Spons ADR | Add +8.0% | 0.09% | −0.00 |
| MUB iShares National Muni Bond E | Add +7.5% | 0.06% | −0.00 |
| EPD Enterprise Products Partners | Add +2.1% | 0.48% | −0.01 |
| PFE Pfizer Inc. | Add +0.7% | 0.05% | −0.01 |
| TXN Texas Instruments Inc. | Add +9.2% | 0.36% | −0.01 |
Options Activity Q4 2023 → Q1 2024
| CMG Chipotle Mexican Grill Inc. | put | Reduce -32.9% | 25,500 | $74.1M |
| AVGO Broadcom Inc. | put | Add +62.5% | 32,500 | $43.1M |
| CMG Chipotle Mexican Grill Inc. | call | Reduce -39.3% | 8,500 | $24.7M |
| SPY SS SPDR S&P 500 ETF Trust-US | put | New | 42,500 | $22.2M |
| LLY Eli Lilly & Co. | put | Sold out | 11,500 | $6.7Mbefore exit |
| KLAC KLA Corp. | put | Sold out | 9,000 | $5.2Mbefore exit |
| KLAC KLA Corp. | call | Sold out | 4,500 | $2.6Mbefore exit |
| SNPS Synopsys Inc. | put | Sold out | 5,000 | $2.6Mbefore exit |
| NOW ServiceNow Inc. | call | Sold out | 3,000 | $2.1Mbefore exit |
| SNPS Synopsys Inc. | call | Reduce -40.0% | 3,000 | $1.7M |
| NVDA Nvidia Corp. | call | Sold out | 3,000 | $1.5Mbefore exit |
| NVDA Nvidia Corp. | put | Sold out | 2,600 | $1.3Mbefore exit |
| AMD Advanced Micro Devices | put | Sold out | 5,000 | $737Kbefore exit |
| AMD Advanced Micro Devices | call | Sold out | 5,000 | $737Kbefore exit |
| AMZN Amazon.com Inc. | call | Reduce -20.0% | 4,000 | $722K |
| GOOG Alphabet Inc. Class C | call | Reduce -50.0% | 2,000 | $305K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 145 | $562.1M | NVDA, MSFT, AAPL, KLAC, AVGO |
| Q1 2026 | 141 | $487.8M | NVDA, MSFT, AAPL, AVGO, AMZN |
| Q4 2025 | 140 | $518.9M | NVDA, MSFT, AVGO, AAPL, AMZN |
| Q3 2025 | 141 | $529.7M | NVDA, MSFT, AVGO, AAPL, AMZN |
| Q2 2025 | 140 | $486.6M | NVDA, MSFT, AVGO, AAPL, AMZN |
| Q1 2025 | 134 | $397.7M | NVDA, MSFT, AAPL, AMZN, AVGO |
| Q4 2024 | 136 | $450.8M | NVDA, MSFT, AAPL, AMZN, AVGO |
| Q3 2024 | 141 | $451.0M | NVDA, MSFT, AAPL, AMZN, TTD |
| Q2 2024 | 142 | $444.8M | NVDA, MSFT, AAPL, AMZN, TTD |
| Q1 2024 | 134 | $411.7M | MSFT, NVDA, AAPL, AMZN, TTD |