Covenant Asset Management, LLC
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 2, 2024), Covenant Asset Management, LLC reported 142 stock positions worth $444.8 million. Its top holding was Nvidia (NVDA) at 8.8% of the portfolio, followed by Microsoft (MSFT, 7.3%) and Apple (AAPL, 4.9%). Compared with Q1 2024, it opened 16 new positions, sold out of 8, added to 37 and reduced 65. The biggest buy was a new position in Arm Holdings PLC-ADR (ARM) and the biggest sale an exit from Idexx Laboratories (IDXX).
- Most Recent 13F
- Q2 2026
- Location
- CHESTER, NJ
- CIK
- 0001697717
- Portfolio Value
- $444.8M (Q2 2024)
- SEC Filing
- 0001697717-24-000007 ↗ filed Aug 2, 2024
Holdings Value
Holdings 142 stocks · $444.8M
| NVDA Nvidia Corp. | 8.75% | 315,222 | $38.9M | Reduce -2.8% |
| MSFT Microsoft Corp. | 7.32% | 72,854 | $32.6M | Reduce -0.4% |
| AAPL Apple Inc. | 4.87% | 102,797 | $21.7M | Add +4.5% |
| AMZN Amazon.com Inc. | 3.64% | 83,737 | $16.2M | Reduce -7.1% |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 3.00% | 136,563 | $13.3M | Reduce -1.4% |
| AVGO Broadcom Inc. | 2.72% | 7,525 | $12.1M | Add +1.4% |
| LLY Eli Lilly & Co. | 2.42% | 11,906 | $10.8M | Reduce -0.7% |
| GOOGL Alphabet Inc. Class A | 2.40% | 58,584 | $10.7M | Reduce -1.8% |
| META Meta Platforms Inc. Class A | 2.30% | 20,331 | $10.3M | Add +3.8% |
| PANW Palo Alto Networks Inc. | 1.96% | 25,727 | $8.7M | Reduce -0.8% |
| ASML ASML Holding NV-NY Reg SHS | 1.84% | 8,023 | $8.2M | Reduce -1.8% |
| QCOM Qualcomm Inc. | 1.84% | 41,166 | $8.2M | Reduce -8.2% |
| SNPS Synopsys Inc. | 1.71% | 12,786 | $7.6M | Add +0.7% |
| ANET Arista Networks Inc. | 1.69% | 21,491 | $7.5M | Add +0.4% |
| AMD Advanced Micro Devices | 1.68% | 46,164 | $7.5M | Add +1.3% |
| MRK Merck & Co. Inc. | 1.66% | 59,779 | $7.4M | Reduce -0.3% |
| SHOP Shopify Inc. Class A | 1.55% | 104,435 | $6.9M | Reduce -0.9% |
| REGN Regeneron Pharmaceuticals | 1.50% | 6,350 | $6.7M | Reduce -0.1% |
| PWR Quanta Services Inc. | 1.50% | 26,174 | $6.7M | Reduce -0.4% |
| JPM JPMorgan Chase & Co. | 1.34% | 29,578 | $6.0M | Reduce -2.8% |
| KLAC KLA Corp. | 1.34% | 7,217 | $6.0M | Add +1.0% |
| VRTX Vertex Pharmaceuticals Inc. | 1.33% | 12,646 | $5.9M | Add +4.6% |
| NFLX Netflix Inc. | 1.32% | 8,715 | $5.9M | Add +53.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.29% | 10,558 | $5.7M | Add +0.4% |
| NOW ServiceNow Inc. | 1.29% | 7,287 | $5.7M | Add +2.5% |
| CMG Chipotle Mexican Grill Inc. | 1.22% | 86,375 | $5.4M | Reduce -0.5% |
| TDG Transdigm Group Inc. | 1.18% | 4,122 | $5.3M | Add +0.1% |
| ARM Arm Holdings PLC-ADR | 1.18% | 32,027 | $5.2M | New |
| ISRG Intuitive Surgical Inc. | 1.11% | 11,096 | $4.9M | Add +1.6% |
| ELF Elf Beauty Inc. | 1.06% | 22,454 | $4.7M | New |
| ADP Automatic Data Processing | 1.02% | 19,101 | $4.6M | Reduce -3.3% |
| DE Deere & Co. | 1.02% | 12,170 | $4.5M | Reduce -2.9% |
| ABBV Abbvie Inc. | 0.99% | 25,740 | $4.4M | Reduce -0.4% |
| LNG Cheniere Energy Inc. | 0.96% | 24,399 | $4.3M | Reduce -1.0% |
| UNH Unitedhealth Group Inc. | 0.93% | 8,112 | $4.1M | Add +3.0% |
| QQQ Invesco QQQ Trust Series 1 | 0.89% | 8,236 | $3.9M | Reduce -1.0% |
| COST Costco Wholesale Corp. | 0.89% | 4,633 | $3.9M | Reduce -0.8% |
| NBIX Neurocrine Biosciences Inc. | 0.88% | 28,343 | $3.9M | Add +0.1% |
| UBER Uber Technologies Inc. | 0.87% | 53,314 | $3.9M | Add +0.7% |
| HWM Howmet Aerospace Inc. | 0.87% | 49,573 | $3.8M | Reduce -0.3% |
| FANG Diamondback Energy Inc. | 0.84% | 18,694 | $3.7M | Reduce -0.6% |
| MEDP Medpace Holdings Inc. | 0.83% | 8,953 | $3.7M | New |
| DECK Deckers Outdoor Corp. | 0.73% | 3,370 | $3.3M | Reduce -48.0% |
| ODFL Old Dominion Freight Line | 0.70% | 17,724 | $3.1M | Reduce -27.6% |
| GOOG Alphabet Inc. Class C | 0.67% | 16,180 | $3.0M | No change |
| WM Waste Management Inc. | 0.66% | 13,726 | $2.9M | Reduce -0.4% |
| INTU Intuit Inc. | 0.62% | 4,213 | $2.8M | Add +0.1% |
| ORCL Oracle Corp. | 0.60% | 19,010 | $2.7M | Reduce -1.4% |
| JNJ Johnson & Johnson | 0.58% | 17,576 | $2.6M | Reduce -9.4% |
| HD Home Depot Inc. | 0.58% | 7,452 | $2.6M | Add +13.7% |
| BLK BlackRock Finance Inc. | 0.50% | 2,849 | $2.2M | No change |
| VLO Valero Energy Corp. | 0.48% | 13,529 | $2.1M | Reduce -7.7% |
| BX Blackstone Inc. | 0.45% | 16,066 | $2.0M | Reduce -7.7% |
| V Visa Inc. Class A | 0.43% | 7,319 | $1.9M | Add +8.9% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.43% | 11,919 | $1.9M | Reduce -4.5% |
| MS Morgan Stanley | 0.42% | 19,412 | $1.9M | Add +0.4% |
| EPD Enterprise Products Partners | 0.42% | 64,104 | $1.9M | Reduce -4.7% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.41% | 4,936 | $1.8M | Reduce -0.7% |
| CVX Chevron Corp. | 0.39% | 11,039 | $1.7M | Add +1.9% |
| AMGN Amgen Inc. | 0.38% | 5,461 | $1.7M | Add +9.0% |
| TXN Texas Instruments Inc. | 0.37% | 8,557 | $1.7M | Add +0.0% |
| SEDG Solaredge Technologies Inc. | 0.35% | 62,300 | $1.6M | Add +296.8% |
| VNQ Vanguard Real Estate ETF | 0.35% | 18,628 | $1.6M | Reduce -0.7% |
| ETN Eaton Corp. PLC | 0.34% | 4,839 | $1.5M | Reduce -0.5% |
| HYT BlackRock Corp. Hi YLD | 0.34% | 155,387 | $1.5M | Reduce -3.7% |
| TMO Thermo Fisher Scientific Inc. | 0.33% | 2,617 | $1.4M | No change |
| APD Air Products & Chemicals Inc. | 0.31% | 5,338 | $1.4M | Reduce -1.9% |
| VTI VG Morningstar TS MKT ETF-US | 0.30% | 4,940 | $1.3M | Reduce -0.8% |
| ADBE Adobe Inc. | 0.30% | 2,365 | $1.3M | Reduce -71.0% |
| PTY PIMCO Corporate & Income Opp | 0.28% | 88,217 | $1.3M | Add +8.2% |
| COIN Coinbase Global Inc. Class A | 0.27% | 5,430 | $1.2M | No change |
| CAT Caterpillar Inc. | 0.26% | 3,530 | $1.2M | Reduce -0.7% |
| FAST Fastenal Co. | 0.25% | 17,440 | $1.1M | Add +0.0% |
| LHX L3HARRIS Technologies Inc. | 0.24% | 4,708 | $1.1M | Reduce -0.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.23% | 26,216 | $1.0M | No change |
| SBUX Starbucks Corp. | 0.22% | 12,834 | $999K | Reduce -42.9% |
| PAYX Paychex Inc. | 0.21% | 8,040 | $953K | Reduce -6.4% |
| ET Energy Transfer LP | 0.21% | 56,874 | $922K | Reduce -4.6% |
| AFL Aflac Inc. | 0.20% | 10,160 | $907K | No change |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.19% | 3,548 | $859K | Reduce -0.8% |
| SDY SS SPDR S&P Dividend ETF | 0.19% | 6,635 | $844K | Add +184.2% |
| HON Honeywell International Inc. | 0.19% | 3,860 | $824K | Reduce -0.6% |
| DGS Wisdomtree Em Small Cap | 0.18% | 15,737 | $810K | Reduce -3.3% |
| GSLC Goldman Activebeta US LC ETF | 0.18% | 7,540 | $806K | New |
| RSP Invesco S&P 500 Equal Weight | 0.18% | 4,885 | $803K | Add +6.5% |
| DHR Danaher Corp. | 0.17% | 2,992 | $748K | No change |
| AMLP Alerian MLP ETF | 0.17% | 15,565 | $747K | Reduce -2.7% |
| MCHP Microchip Technology Inc. | 0.16% | 7,894 | $722K | Reduce -3.2% |
| TSCO Tractor Supply Company | 0.16% | 2,641 | $713K | Reduce -1.1% |
| RTX RTX Corp. | 0.14% | 6,380 | $640K | No change |
| IYR iShares US Real Estate ETF | 0.14% | 7,237 | $635K | Reduce -2.8% |
| PEP Pepsico Inc. | 0.14% | 3,743 | $617K | Add +5.6% |
| VIG Vanguard Dividend Apprec ETF | 0.14% | 3,333 | $608K | Reduce -0.3% |
| NXPI NXP Semiconductors NV | 0.14% | 2,252 | $606K | Add +4.7% |
| VYM Vanguard High DVD Yield ETF | 0.13% | 4,978 | $590K | Reduce -0.9% |
| SPLV Invesco S&P 500 Low Volatili | 0.13% | 9,082 | $590K | New |
| VOO Vanguard S&P 500 ETF | 0.13% | 1,179 | $590K | Add +106.5% |
| PWB Invesco Large Cap Growth ETF | 0.13% | 6,118 | $578K | No change |
| AXP American Express Co. | 0.13% | 2,461 | $570K | No change |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.12% | 4,842 | $533K | Add +9.1% |
Options reported separately and not counted above: CMG puts ($56.4M), AVGO puts ($40.1M), SPY puts ($27.2M), NOW puts ($15.7M), ASML puts ($10.7M), REGN puts ($10.5M), SNPS puts ($4.2M), SNPS calls ($4.2M), MSFT puts ($2.9M), MSFT calls ($2.9M), AMZN calls ($1.5M), NVDA calls ($1.2M), and 9 more.
Portfolio Sells Q1 2024 → Q2 2024
| IDXX Idexx Laboratories Inc. | Sold out | 0.00% | −0.85 |
| DECK Deckers Outdoor Corp. | Reduce -48.0% | 0.73% | −0.75 |
| ADBE Adobe Inc. | Reduce -71.0% | 0.30% | −0.70 |
| ULTA Ulta Beauty Inc. | Sold out | 0.00% | −0.68 |
| ODFL Old Dominion Freight Line | Reduce -27.6% | 0.70% | −0.60 |
| SHOP Shopify Inc. Class A | Reduce -0.9% | 1.55% | −0.42 |
| AMZN Amazon.com Inc. | Reduce -7.1% | 3.64% | −0.31 |
| SBUX Starbucks Corp. | Reduce -42.9% | 0.22% | −0.27 |
| MRK Merck & Co. Inc. | Reduce -0.3% | 1.66% | −0.26 |
| DE Deere & Co. | Reduce -2.9% | 1.02% | −0.23 |
| ADP Automatic Data Processing | Reduce -3.3% | 1.02% | −0.17 |
| JNJ Johnson & Johnson | Reduce -9.4% | 0.58% | −0.17 |
| PWR Quanta Services Inc. | Reduce -0.4% | 1.50% | −0.16 |
| MSFT Microsoft Corp. | Reduce -0.4% | 7.32% | −0.15 |
| ABBV Abbvie Inc. | Reduce -0.4% | 0.99% | −0.15 |
| JPM JPMorgan Chase & Co. | Reduce -2.8% | 1.34% | −0.14 |
| VLO Valero Energy Corp. | Reduce -7.7% | 0.48% | −0.13 |
| BX Blackstone Inc. | Reduce -7.7% | 0.45% | −0.11 |
| TSLA Tesla Inc. | Reduce -65.4% | 0.05% | −0.09 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -1.8% | 1.84% | −0.08 |
| AMJ JPMorgan Alerian MLP Index | Sold out | 0.00% | −0.07 |
| INTC Intel Corp. | Sold out | 0.00% | −0.07 |
| FANG Diamondback Energy Inc. | Reduce -0.6% | 0.84% | −0.06 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -4.5% | 0.43% | −0.06 |
| PSX Phillips 66 | Sold out | 0.00% | −0.06 |
| EPD Enterprise Products Partners | Reduce -4.7% | 0.42% | −0.06 |
| WM Waste Management Inc. | Reduce -0.4% | 0.66% | −0.06 |
| CAT Caterpillar Inc. | Reduce -0.7% | 0.26% | −0.05 |
| BMY Bristol-Myers Squibb Co. | Sold out | 0.00% | −0.05 |
| MMM 3M Co. | Sold out | 0.00% | −0.05 |
| PFE Pfizer Inc. | Sold out | 0.00% | −0.05 |
| HYT BlackRock Corp. Hi YLD | Reduce -3.7% | 0.34% | −0.05 |
| VNQ Vanguard Real Estate ETF | Reduce -0.7% | 0.35% | −0.04 |
| PAYX Paychex Inc. | Reduce -6.4% | 0.21% | −0.04 |
| XYZ Block Inc. | Reduce -12.0% | 0.06% | −0.04 |
| ETN Eaton Corp. PLC | Reduce -0.5% | 0.34% | −0.03 |
| DKNG Draftkings Inc. Class A | Reduce -16.4% | 0.05% | −0.03 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -0.8% | 0.19% | −0.02 |
| ET Energy Transfer LP | Reduce -4.6% | 0.21% | −0.02 |
| IYR iShares US Real Estate ETF | Reduce -2.8% | 0.14% | −0.02 |
| DGS Wisdomtree Em Small Cap | Reduce -3.3% | 0.18% | −0.02 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -0.8% | 0.30% | −0.02 |
| AMLP Alerian MLP ETF | Reduce -2.7% | 0.17% | −0.02 |
| PLD Prologis Inc. | Reduce -1.0% | 0.06% | −0.02 |
| XBI SS SPDR S&P Biotech ETF | Reduce -12.3% | 0.06% | −0.02 |
| MCHP Microchip Technology Inc. | Reduce -3.2% | 0.16% | −0.02 |
| VYM Vanguard High DVD Yield ETF | Reduce -0.9% | 0.13% | −0.01 |
| VZ Verizon Communications Inc. | Reduce -8.0% | 0.08% | −0.01 |
| VIG Vanguard Dividend Apprec ETF | Reduce -0.3% | 0.14% | −0.01 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -8.7% | 0.05% | −0.01 |
Portfolio Buys Q1 2024 → Q2 2024
| ARM Arm Holdings PLC-ADR | New | 1.18% | +1.18 |
| ELF Elf Beauty Inc. | New | 1.06% | +1.06 |
| MEDP Medpace Holdings Inc. | New | 0.83% | +0.83 |
| AAPL Apple Inc. | Add +4.5% | 4.87% | +0.77 |
| NFLX Netflix Inc. | Add +53.0% | 1.32% | +0.48 |
| AVGO Broadcom Inc. | Add +1.4% | 2.72% | +0.33 |
| ANET Arista Networks Inc. | Add +0.4% | 1.69% | +0.19 |
| GSLC Goldman Activebeta US LC ETF | New | 0.18% | +0.18 |
| SPLV Invesco S&P 500 Low Volatili | New | 0.13% | +0.13 |
| KLAC KLA Corp. | Add +1.0% | 1.34% | +0.13 |
| SDY SS SPDR S&P Dividend ETF | Add +184.2% | 0.19% | +0.12 |
| FVD First Trust Value Line DVD | New | 0.11% | +0.11 |
| VRTX Vertex Pharmaceuticals Inc. | Add +4.6% | 1.33% | +0.10 |
| SEDG Solaredge Technologies Inc. | Add +296.8% | 0.35% | +0.08 |
| IWF iShares Russell 1000 Growth | New | 0.08% | +0.08 |
| JHMM John Hancock Multi Fact Mid | New | 0.07% | +0.07 |
| AMJB Alerian MLP ETN2044 | New | 0.07% | +0.07 |
| VOO Vanguard S&P 500 ETF | Add +106.5% | 0.13% | +0.07 |
| WELL Welltower Inc. | New | 0.06% | +0.06 |
| VONG Vanguard Russell 1000 Growth | New | 0.05% | +0.05 |
| HFXI Nylim Ftse Intr Eq CN ETF-Ui | New | 0.05% | +0.05 |
| ISRG Intuitive Surgical Inc. | Add +1.6% | 1.11% | +0.05 |
| MPWR Monolithic Power Systems Inc. | New | 0.05% | +0.05 |
| LRCX Lam Research Corp. | New | 0.05% | +0.05 |
| KNG FT Vest S&P 500 DVD Arst TRG | New | 0.05% | +0.05 |
| CEF Sprott Physical Gold and Sil | New | 0.05% | +0.05 |
| AMGN Amgen Inc. | Add +9.0% | 0.38% | +0.04 |
| GS Goldman Sachs Group Inc. | Add +37.2% | 0.07% | +0.02 |
| BYM BlackRock Muni Inc. QLTY | Add +48.1% | 0.06% | +0.02 |
| PG The Procter & Gamble Co. | Add +18.4% | 0.12% | +0.01 |
| TXN Texas Instruments Inc. | Add +0.0% | 0.37% | +0.01 |
| TJX TJX Companies Inc. | Add +9.1% | 0.12% | +0.01 |
| NXPI NXP Semiconductors NV | Add +4.7% | 0.14% | +0.01 |
| IJH iShares Core S&P Midcap ETF | Add +24.0% | 0.06% | +0.01 |
| OKE Oneok Inc. | Add +1.2% | 0.08% | −0.00 |
| META Meta Platforms Inc. Class A | Add +3.8% | 2.30% | −0.01 |
| RSP Invesco S&P 500 Equal Weight | Add +6.5% | 0.18% | −0.01 |
| PTY PIMCO Corporate & Income Opp | Add +8.2% | 0.28% | −0.01 |
| PEP Pepsico Inc. | Add +5.6% | 0.14% | −0.01 |
| UNH Unitedhealth Group Inc. | Add +3.0% | 0.93% | −0.02 |
| MS Morgan Stanley | Add +0.4% | 0.42% | −0.02 |
| V Visa Inc. Class A | Add +8.9% | 0.43% | −0.02 |
| CVX Chevron Corp. | Add +1.9% | 0.39% | −0.03 |
| NOW ServiceNow Inc. | Add +2.5% | 1.29% | −0.03 |
| HD Home Depot Inc. | Add +13.7% | 0.58% | −0.03 |
| INTU Intuit Inc. | Add +0.1% | 0.62% | −0.04 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.4% | 1.29% | −0.04 |
| TDG Transdigm Group Inc. | Add +0.1% | 1.18% | −0.05 |
| SNPS Synopsys Inc. | Add +0.7% | 1.71% | −0.05 |
| NBIX Neurocrine Biosciences Inc. | Add +0.1% | 0.88% | −0.07 |
Options Activity Q1 2024 → Q2 2024
| CMG Chipotle Mexican Grill Inc. | put | Reduce -29.4% | 900,000 | $56.4M |
| AVGO Broadcom Inc. | put | Reduce -23.1% | 25,000 | $40.1M |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Add +17.6% | 50,000 | $27.2M |
| CMG Chipotle Mexican Grill Inc. | call | Sold out | 425,000 | $24.7Mbefore exit |
| ASML ASML Holding NV-NY Reg SHS | put | New | 10,500 | $10.7M |
| REGN Regeneron Pharmaceuticals | put | Reduce -37.5% | 10,000 | $10.5M |
| SNPS Synopsys Inc. | put | New | 7,100 | $4.2M |
| SNPS Synopsys Inc. | call | Add +136.7% | 7,100 | $4.2M |
| MSFT Microsoft Corp. | put | New | 6,500 | $2.9M |
| MSFT Microsoft Corp. | call | New | 6,500 | $2.9M |
| AMZN Amazon.com Inc. | call | Add +100.0% | 8,000 | $1.5M |
| NVDA Nvidia Corp. | call | New | 9,500 | $1.2M |
| GOOGL Alphabet Inc. Class A | call | New | 6,000 | $1.1M |
| ANET Arista Networks Inc. | put | New | 3,000 | $1.1M |
| ANET Arista Networks Inc. | call | New | 3,000 | $1.1M |
| SBUX Starbucks Corp. | call | New | 10,000 | $779K |
| SHOP Shopify Inc. Class A | call | New | 8,000 | $528K |
| ASML ASML Holding NV-NY Reg SHS | call | New | 500 | $511K |
| TTD Trade Desk Inc./the Class A | call | New | 5,000 | $488K |
| ENPH Enphase Energy Inc. | put | Sold out | 5,000 | $472Kbefore exit |
| JPM JPMorgan Chase & Co. | call | New | 2,000 | $405K |
| GOOG Alphabet Inc. Class C | call | Sold out | 2,000 | $305Kbefore exit |
| AAPL Apple Inc. | call | New | 1,000 | $211K |
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 |