Covenant Asset Management, LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 12, 2024), Covenant Asset Management, LLC reported 141 stock positions worth $451.0 million. Its top holding was Nvidia (NVDA) at 8.1% of the portfolio, followed by Microsoft (MSFT, 6.9%) and Apple (AAPL, 5.3%). Compared with Q2 2024, it opened 5 new positions, sold out of 6, added to 42 and reduced 59. The biggest buy was a new position in Spotify Technology (SPOT) and the biggest sale an exit from Deere (DE).
- Most Recent 13F
- Q2 2026
- Location
- CHESTER, NJ
- CIK
- 0001697717
- Portfolio Value
- $451.0M (Q3 2024)
- SEC Filing
- 0001697717-24-000011 ↗ filed Nov 12, 2024
Holdings Value
Holdings 141 stocks · $451.0M
| NVDA Nvidia Corp. | 8.09% | 300,454 | $36.5M | Reduce -4.7% |
| MSFT Microsoft Corp. | 6.92% | 72,538 | $31.2M | Reduce -0.4% |
| AAPL Apple Inc. | 5.28% | 102,222 | $23.8M | Reduce -0.6% |
| AMZN Amazon.com Inc. | 3.41% | 82,481 | $15.4M | Reduce -1.5% |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 3.30% | 135,609 | $14.9M | Reduce -0.7% |
| AVGO Broadcom Inc. | 2.80% | 73,287 | $12.6M | Reduce -2.6% |
| META Meta Platforms Inc. Class A | 2.56% | 20,147 | $11.5M | Reduce -0.9% |
| LLY Eli Lilly & Co. | 2.35% | 11,980 | $10.6M | Add +0.6% |
| GOOGL Alphabet Inc. Class A | 2.16% | 58,806 | $9.8M | Add +0.4% |
| AMD Advanced Micro Devices | 2.05% | 56,477 | $9.3M | Add +22.3% |
| ANET Arista Networks Inc. | 1.97% | 23,137 | $8.9M | Add +7.7% |
| PANW Palo Alto Networks Inc. | 1.95% | 25,712 | $8.8M | Reduce -0.1% |
| SHOP Shopify Inc. Class A | 1.76% | 99,105 | $7.9M | Reduce -5.1% |
| PWR Quanta Services Inc. | 1.74% | 26,249 | $7.8M | Add +0.3% |
| NFLX Netflix Inc. | 1.64% | 10,451 | $7.4M | Add +19.9% |
| QCOM Qualcomm Inc. | 1.52% | 40,404 | $6.9M | Reduce -1.9% |
| MRK Merck & Co. Inc. | 1.51% | 59,919 | $6.8M | Add +0.2% |
| ASML ASML Holding NV-NY Reg SHS | 1.49% | 8,086 | $6.7M | Add +0.8% |
| REGN Regeneron Pharmaceuticals | 1.48% | 6,343 | $6.7M | Reduce -0.1% |
| NOW ServiceNow Inc. | 1.44% | 7,282 | $6.5M | Reduce -0.1% |
| SNPS Synopsys Inc. | 1.40% | 12,475 | $6.3M | Reduce -2.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.38% | 10,884 | $6.2M | Add +3.1% |
| JPM JPMorgan Chase & Co. | 1.36% | 29,185 | $6.2M | Reduce -1.3% |
| VRTX Vertex Pharmaceuticals Inc. | 1.32% | 12,764 | $5.9M | Add +0.9% |
| TDG Transdigm Group Inc. | 1.30% | 4,113 | $5.9M | Reduce -0.2% |
| KLAC KLA Corp. | 1.24% | 7,229 | $5.6M | Add +0.2% |
| ISRG Intuitive Surgical Inc. | 1.21% | 11,090 | $5.4M | Reduce -0.1% |
| ADP Automatic Data Processing | 1.13% | 18,477 | $5.1M | Reduce -3.3% |
| HWM Howmet Aerospace Inc. | 1.11% | 49,793 | $5.0M | Add +0.4% |
| CMG Chipotle Mexican Grill Inc. | 1.10% | 86,473 | $5.0M | Add +0.1% |
| ABBV Abbvie Inc. | 1.08% | 24,770 | $4.9M | Reduce -3.8% |
| UNH Unitedhealth Group Inc. | 1.04% | 8,009 | $4.7M | Reduce -1.3% |
| ARM Arm Holdings PLC-ADR | 1.02% | 32,312 | $4.6M | Add +0.9% |
| LNG Cheniere Energy Inc. | 0.97% | 24,234 | $4.4M | Reduce -0.7% |
| COST Costco Wholesale Corp. | 0.91% | 4,633 | $4.1M | No change |
| QQQ Invesco QQQ Trust Series 1 | 0.91% | 8,378 | $4.1M | Add +1.7% |
| UBER Uber Technologies Inc. | 0.89% | 53,651 | $4.0M | Add +0.6% |
| ODFL Old Dominion Freight Line | 0.79% | 17,861 | $3.5M | Add +0.8% |
| SPOT Spotify Technology SA | 0.75% | 9,129 | $3.4M | New |
| JEF Jefferies Financial Group Inc. | 0.74% | 54,216 | $3.3M | New |
| TW Tradeweb Markets Inc. Class A | 0.73% | 26,729 | $3.3M | New |
| DECK Deckers Outdoor Corp. | 0.72% | 20,355 | $3.2M | Add +0.7% |
| FANG Diamondback Energy Inc. | 0.72% | 18,772 | $3.2M | Add +0.4% |
| ORCL Oracle Corp. | 0.70% | 18,510 | $3.2M | Reduce -2.6% |
| HD Home Depot Inc. | 0.65% | 7,273 | $2.9M | Reduce -2.4% |
| WM Waste Management Inc. | 0.61% | 13,254 | $2.8M | Reduce -3.4% |
| JNJ Johnson & Johnson | 0.60% | 16,701 | $2.7M | Reduce -5.0% |
| GOOG Alphabet Inc. Class C | 0.60% | 16,180 | $2.7M | No change |
| BLK BlackRock Finance Inc. | 0.59% | 2,787 | $2.6M | Reduce -2.2% |
| INTU Intuit Inc. | 0.59% | 4,249 | $2.6M | Add +0.8% |
| ELF Elf Beauty Inc. | 0.55% | 22,905 | $2.5M | Add +2.0% |
| BX Blackstone Inc. | 0.53% | 15,545 | $2.4M | Reduce -3.2% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.48% | 5,585 | $2.1M | Add +13.2% |
| MS Morgan Stanley | 0.45% | 19,308 | $2.0M | Reduce -0.5% |
| V Visa Inc. Class A | 0.45% | 7,319 | $2.0M | No change |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.45% | 11,505 | $2.0M | Reduce -3.5% |
| EPD Enterprise Products Partners | 0.41% | 63,604 | $1.9M | Reduce -0.8% |
| VNQ Vanguard Real Estate ETF | 0.40% | 18,628 | $1.8M | No change |
| VLO Valero Energy Corp. | 0.40% | 13,243 | $1.8M | Reduce -2.1% |
| TXN Texas Instruments Inc. | 0.39% | 8,420 | $1.7M | Reduce -1.6% |
| AMGN Amgen Inc. | 0.38% | 5,255 | $1.7M | Reduce -3.8% |
| ETN Eaton Corp. PLC | 0.36% | 4,965 | $1.6M | Add +2.6% |
| CVX Chevron Corp. | 0.36% | 11,115 | $1.6M | Add +0.7% |
| TMO Thermo Fisher Scientific Inc. | 0.36% | 2,617 | $1.6M | No change |
| HYT BlackRock Corp. Hi YLD | 0.35% | 158,900 | $1.6M | Add +2.3% |
| APD Air Products & Chemicals Inc. | 0.34% | 5,178 | $1.5M | Reduce -3.0% |
| VTI VG Morningstar TS MKT ETF-US | 0.33% | 5,192 | $1.5M | Add +5.1% |
| PTY PIMCO Corporate & Income Opp | 0.32% | 100,736 | $1.4M | Add +14.2% |
| ADBE Adobe Inc. | 0.27% | 2,340 | $1.2M | Reduce -1.1% |
| SEDG Solaredge Technologies Inc. | 0.27% | 52,300 | $1.2M | Reduce -16.1% |
| FAST Fastenal Co. | 0.26% | 16,678 | $1.2M | Reduce -4.4% |
| AFL Aflac Inc. | 0.25% | 10,160 | $1.1M | No change |
| CAT Caterpillar Inc. | 0.25% | 2,896 | $1.1M | Reduce -18.0% |
| SBUX Starbucks Corp. | 0.25% | 11,369 | $1.1M | Reduce -11.4% |
| LHX L3HARRIS Technologies Inc. | 0.24% | 4,473 | $1.1M | Reduce -5.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.22% | 25,541 | $1.0M | Reduce -2.6% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.22% | 3,832 | $1.0M | Add +8.0% |
| COIN Coinbase Global Inc. Class A | 0.21% | 5,430 | $967K | No change |
| PAYX Paychex Inc. | 0.21% | 7,181 | $964K | Reduce -10.7% |
| RSP Invesco S&P 500 Equal Weight | 0.21% | 5,369 | $962K | Add +9.9% |
| SDY SS SPDR S&P Dividend ETF | 0.21% | 6,635 | $942K | No change |
| ET Energy Transfer LP | 0.20% | 54,959 | $882K | Reduce -3.4% |
| GSLC Goldman Activebeta US LC ETF | 0.19% | 7,540 | $852K | No change |
| DHR Danaher Corp. | 0.18% | 2,992 | $832K | No change |
| DGS Wisdomtree Em Small Cap | 0.18% | 15,437 | $829K | Reduce -1.9% |
| HON Honeywell International Inc. | 0.18% | 3,941 | $815K | Add +2.1% |
| RTX RTX Corp. | 0.17% | 6,380 | $773K | No change |
| TSCO Tractor Supply Company | 0.16% | 2,547 | $741K | Reduce -3.6% |
| IYR iShares US Real Estate ETF | 0.16% | 7,237 | $737K | No change |
| AMLP Alerian MLP ETF | 0.16% | 15,627 | $737K | Add +0.4% |
| MPWR Monolithic Power Systems Inc. | 0.15% | 742 | $686K | Add +181.1% |
| SPLV Invesco S&P 500 Low Volatili | 0.14% | 9,082 | $651K | No change |
| VYM Vanguard High DVD Yield ETF | 0.14% | 4,985 | $639K | Add +0.1% |
| PEP Pepsico Inc. | 0.14% | 3,743 | $636K | No change |
| AXP American Express Co. | 0.14% | 2,261 | $613K | Reduce -8.1% |
| VOO Vanguard S&P 500 ETF | 0.14% | 1,154 | $609K | Reduce -2.1% |
| FVD First Trust Value Line DVD | 0.14% | 13,385 | $609K | Add +11.5% |
| PWB Invesco Large Cap Growth ETF | 0.13% | 6,115 | $603K | Reduce -0.1% |
| ABT Abbott Laboratories | 0.13% | 4,983 | $568K | No change |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.12% | 4,759 | $559K | Reduce -1.7% |
Options reported separately and not counted above: CMG puts ($51.9M), AVGO puts ($36.2M), NOW puts ($22.4M), QQQ puts ($12.2M), REGN puts ($10.5M), ASML puts ($8.3M), SPY puts ($7.2M), TDG puts ($7.1M), NVDA calls ($5.6M), DECK puts ($4.8M), COST puts ($4.4M), LLY puts ($4.4M), and 11 more.
Portfolio Sells Q2 2024 → Q3 2024
| DE Deere & Co. | Sold out | 0.00% | −1.02 |
| NBIX Neurocrine Biosciences Inc. | Sold out | 0.00% | −0.88 |
| MEDP Medpace Holdings Inc. | Sold out | 0.00% | −0.83 |
| NVDA Nvidia Corp. | Reduce -4.7% | 8.09% | −0.66 |
| MSFT Microsoft Corp. | Reduce -0.4% | 6.92% | −0.40 |
| QCOM Qualcomm Inc. | Reduce -1.9% | 1.52% | −0.32 |
| SNPS Synopsys Inc. | Reduce -2.4% | 1.40% | −0.31 |
| AMZN Amazon.com Inc. | Reduce -1.5% | 3.41% | −0.23 |
| MCHP Microchip Technology Inc. | Sold out | 0.00% | −0.16 |
| SEDG Solaredge Technologies Inc. | Reduce -16.1% | 0.27% | −0.09 |
| VLO Valero Energy Corp. | Reduce -2.1% | 0.40% | −0.08 |
| DKNG Draftkings Inc. Class A | Sold out | 0.00% | −0.05 |
| WM Waste Management Inc. | Reduce -3.4% | 0.61% | −0.05 |
| LRCX Lam Research Corp. | Sold out | 0.00% | −0.05 |
| ADBE Adobe Inc. | Reduce -1.1% | 0.27% | −0.03 |
| NXPI NXP Semiconductors NV | Reduce -8.4% | 0.11% | −0.03 |
| VIG Vanguard Dividend Apprec ETF | Reduce -22.2% | 0.11% | −0.02 |
| REGN Regeneron Pharmaceuticals | Reduce -0.1% | 1.48% | −0.02 |
| CAT Caterpillar Inc. | Reduce -18.0% | 0.25% | −0.01 |
| ET Energy Transfer LP | Reduce -3.4% | 0.20% | −0.01 |
| PANW Palo Alto Networks Inc. | Reduce -0.1% | 1.95% | −0.01 |
| PAA Plains All Amer Pipeline LP | Reduce -8.6% | 0.08% | −0.01 |
| BAC Bank of America Corp. | Reduce -2.6% | 0.22% | −0.01 |
| IJH iShares Core S&P Midcap ETF | Reduce -19.4% | 0.05% | −0.01 |
| BTT BlackRock 2030 Muni TRGT TRM | Reduce -10.6% | 0.10% | −0.01 |
| AMGN Amgen Inc. | Reduce -3.8% | 0.38% | −0.01 |
| EPD Enterprise Products Partners | Reduce -0.8% | 0.41% | −0.01 |
| AZN Astrazeneca PLC-Spons ADR | Reduce -0.5% | 0.09% | −0.00 |
| LHX L3HARRIS Technologies Inc. | Reduce -5.0% | 0.24% | −0.00 |
| PAYX Paychex Inc. | Reduce -10.7% | 0.21% | −0.00 |
| DGS Wisdomtree Em Small Cap | Reduce -1.9% | 0.18% | +0.00 |
| BYM BlackRock Muni Inc. QLTY | Reduce -0.4% | 0.06% | +0.00 |
| VOO Vanguard S&P 500 ETF | Reduce -2.1% | 0.14% | +0.00 |
| TD Toronto-Dominion Bank | Reduce -8.6% | 0.09% | +0.00 |
| PWB Invesco Large Cap Growth ETF | Reduce -0.1% | 0.13% | +0.00 |
| TSCO Tractor Supply Company | Reduce -3.6% | 0.16% | +0.00 |
| TJX TJX Companies Inc. | Reduce -1.7% | 0.12% | +0.00 |
| PLD Prologis Inc. | Reduce -0.3% | 0.07% | +0.01 |
| LNG Cheniere Energy Inc. | Reduce -0.7% | 0.97% | +0.01 |
| AXP American Express Co. | Reduce -8.1% | 0.14% | +0.01 |
| TXN Texas Instruments Inc. | Reduce -1.6% | 0.39% | +0.01 |
| NEE Nextera Energy Inc. | Reduce -1.4% | 0.09% | +0.01 |
| CARR Carrier Global Corp. | Reduce -6.8% | 0.10% | +0.01 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -3.5% | 0.45% | +0.02 |
| FAST Fastenal Co. | Reduce -4.4% | 0.26% | +0.02 |
| JPM JPMorgan Chase & Co. | Reduce -1.3% | 1.36% | +0.02 |
| SBUX Starbucks Corp. | Reduce -11.4% | 0.25% | +0.02 |
| MS Morgan Stanley | Reduce -0.5% | 0.45% | +0.02 |
| JNJ Johnson & Johnson | Reduce -5.0% | 0.60% | +0.02 |
| APD Air Products & Chemicals Inc. | Reduce -3.0% | 0.34% | +0.03 |
Portfolio Buys Q2 2024 → Q3 2024
| SPOT Spotify Technology SA | New | 0.75% | +0.75 |
| JEF Jefferies Financial Group Inc. | New | 0.74% | +0.74 |
| TW Tradeweb Markets Inc. Class A | New | 0.73% | +0.73 |
| AMD Advanced Micro Devices | Add +22.3% | 2.05% | +0.37 |
| NFLX Netflix Inc. | Add +19.9% | 1.64% | +0.32 |
| ANET Arista Networks Inc. | Add +7.7% | 1.97% | +0.28 |
| HWM Howmet Aerospace Inc. | Add +0.4% | 1.11% | +0.24 |
| PWR Quanta Services Inc. | Add +0.3% | 1.74% | +0.24 |
| MPWR Monolithic Power Systems Inc. | Add +181.1% | 0.15% | +0.10 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +3.1% | 1.38% | +0.09 |
| ODFL Old Dominion Freight Line | Add +0.8% | 0.79% | +0.08 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +13.2% | 0.48% | +0.06 |
| RDVY First Trust Rising Dividend | New | 0.06% | +0.06 |
| SDVY First Trust Smid Cap Rising | New | 0.05% | +0.05 |
| PTY PIMCO Corporate & Income Opp | Add +14.2% | 0.32% | +0.04 |
| RSP Invesco S&P 500 Equal Weight | Add +9.9% | 0.21% | +0.03 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +8.0% | 0.22% | +0.03 |
| VTI VG Morningstar TS MKT ETF-US | Add +5.1% | 0.33% | +0.03 |
| FVD First Trust Value Line DVD | Add +11.5% | 0.14% | +0.03 |
| TSLA Tesla Inc. | Add +14.7% | 0.07% | +0.02 |
| ETN Eaton Corp. PLC | Add +2.6% | 0.36% | +0.02 |
| UBER Uber Technologies Inc. | Add +0.6% | 0.89% | +0.02 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +35.9% | 0.07% | +0.02 |
| QQQ Invesco QQQ Trust Series 1 | Add +1.7% | 0.91% | +0.02 |
| WELL Welltower Inc. | Add +10.2% | 0.08% | +0.02 |
| HYT BlackRock Corp. Hi YLD | Add +2.3% | 0.35% | +0.02 |
| VYM Vanguard High DVD Yield ETF | Add +0.1% | 0.14% | +0.01 |
| DGRW Wisdomtree U.S. Quality Divi | Add +1.1% | 0.11% | +0.01 |
| HDV iShares Core High Dividend E | Add +3.2% | 0.05% | +0.00 |
| GCC Wisdomtree Enhanced Commodit | Add +9.1% | 0.05% | +0.00 |
| HFXI Nylim Ftse Intr Eq CN ETF-Ui | Add +5.3% | 0.06% | +0.00 |
| MUB iShares National Muni Bond E | Add +5.9% | 0.06% | +0.00 |
| AMLP Alerian MLP ETF | Add +0.4% | 0.16% | −0.00 |
| HON Honeywell International Inc. | Add +2.1% | 0.18% | −0.00 |
| DECK Deckers Outdoor Corp. | Add +0.7% | 0.72% | −0.01 |
| VRTX Vertex Pharmaceuticals Inc. | Add +0.9% | 1.32% | −0.02 |
| CVX Chevron Corp. | Add +0.7% | 0.36% | −0.03 |
| INTU Intuit Inc. | Add +0.8% | 0.59% | −0.04 |
| LLY Eli Lilly & Co. | Add +0.6% | 2.35% | −0.07 |
| KLAC KLA Corp. | Add +0.2% | 1.24% | −0.10 |
| CMG Chipotle Mexican Grill Inc. | Add +0.1% | 1.10% | −0.11 |
| FANG Diamondback Energy Inc. | Add +0.4% | 0.72% | −0.12 |
| ARM Arm Holdings PLC-ADR | Add +0.9% | 1.02% | −0.15 |
| MRK Merck & Co. Inc. | Add +0.2% | 1.51% | −0.15 |
| GOOGL Alphabet Inc. Class A | Add +0.4% | 2.16% | −0.24 |
| ASML ASML Holding NV-NY Reg SHS | Add +0.8% | 1.49% | −0.35 |
| ELF Elf Beauty Inc. | Add +2.0% | 0.55% | −0.51 |
Options Activity Q2 2024 → Q3 2024
| AVGO Broadcom Inc. | put | Reduce -16.0% | 210,000 | $36.2M |
| NOW ServiceNow Inc. | put | Add +25.0% | 25,000 | $22.4M |
| QQQ Invesco QQQ Trust Series 1 | put | New | 25,000 | $12.2M |
| ASML ASML Holding NV-NY Reg SHS | put | Reduce -4.8% | 10,000 | $8.3M |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Reduce -75.0% | 12,500 | $7.2M |
| TDG Transdigm Group Inc. | put | New | 5,000 | $7.1M |
| NVDA Nvidia Corp. | call | Add +389.5% | 46,500 | $5.6M |
| DECK Deckers Outdoor Corp. | put | New | 30,000 | $4.8M |
| COST Costco Wholesale Corp. | put | New | 5,000 | $4.4M |
| LLY Eli Lilly & Co. | put | New | 5,000 | $4.4M |
| SNPS Synopsys Inc. | put | Sold out | 7,100 | $4.2Mbefore exit |
| SNPS Synopsys Inc. | call | Sold out | 7,100 | $4.2Mbefore exit |
| MSFT Microsoft Corp. | put | Sold out | 6,500 | $2.9Mbefore exit |
| MSFT Microsoft Corp. | call | Sold out | 6,500 | $2.9Mbefore exit |
| NVDA Nvidia Corp. | put | New | 20,000 | $2.4M |
| AVGO Broadcom Inc. | call | New | 10,000 | $1.7M |
| ANET Arista Networks Inc. | put | Sold out | 3,000 | $1.1Mbefore exit |
| ANET Arista Networks Inc. | call | Sold out | 3,000 | $1.1Mbefore exit |
| ASML ASML Holding NV-NY Reg SHS | call | Sold out | 500 | $511Kbefore exit |
| SEDG Solaredge Technologies Inc. | put | New | 10,000 | $229K |
| SEDG Solaredge Technologies Inc. | call | New | 10,000 | $229K |
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 |