Covenant Asset Management, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 30, 2026), Covenant Asset Management, LLC reported 140 stock positions worth $518.9 million. Its top holding was Nvidia (NVDA) at 9.2% of the portfolio, followed by Microsoft (MSFT, 6.4%) and Broadcom (AVGO, 4.8%). Compared with Q3 2025, it opened 10 new positions, sold out of 11, added to 45 and reduced 56. The biggest buy was a new position in Wayfair Class A (W) and the biggest sale an exit from MercadoLibre (MELI).
- Most Recent 13F
- Q2 2026
- Location
- CHESTER, NJ
- CIK
- 0001697717
- Portfolio Value
- $518.9M (Q4 2025)
- SEC Filing
- 0001697717-26-000002 ↗ filed Jan 30, 2026
Holdings Value
Holdings 140 stocks · $518.9M
| NVDA Nvidia Corp. | 9.18% | 255,291 | $47.6M | Reduce -0.5% |
| MSFT Microsoft Corp. | 6.36% | 68,277 | $33.0M | Add +0.6% |
| AVGO Broadcom Inc. | 4.79% | 71,840 | $24.9M | Reduce -1.1% |
| AAPL Apple Inc. | 4.21% | 80,379 | $21.9M | Reduce -3.3% |
| AMZN Amazon.com Inc. | 3.59% | 80,702 | $18.6M | Add +0.5% |
| SHOP Shopify Inc. Class A | 2.99% | 96,447 | $15.5M | Reduce -0.6% |
| META Meta Platforms Inc. Class A | 2.51% | 19,751 | $13.0M | Add +1.7% |
| GOOGL Alphabet Inc. Class A | 2.28% | 37,767 | $11.8M | Add +1.4% |
| ANET Arista Networks Inc. | 2.11% | 83,491 | $10.9M | Add +0.1% |
| GEV GE Vernova Inc. | 2.10% | 16,694 | $10.9M | Add +1.4% |
| PWR Quanta Services Inc. | 2.05% | 25,154 | $10.6M | Reduce -0.6% |
| NFLX Netflix Inc. | 1.99% | 109,882 | $10.3M | Add +0.7% |
| HOOD Robinhood Markets Inc. Class A | 1.96% | 90,062 | $10.2M | Add +0.4% |
| HWM Howmet Aerospace Inc. | 1.88% | 47,517 | $9.7M | Reduce -0.5% |
| LLY Eli Lilly & Co. | 1.83% | 8,832 | $9.5M | Reduce -0.3% |
| PANW Palo Alto Networks Inc. | 1.78% | 50,248 | $9.3M | Reduce -1.1% |
| KLAC KLA Corp. | 1.73% | 7,387 | $9.0M | Reduce -0.4% |
| ASML ASML Holding NV-NY Reg SHS | 1.71% | 8,283 | $8.9M | Reduce -0.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.66% | 12,605 | $8.6M | Add +0.7% |
| JPM JPMorgan Chase & Co. | 1.62% | 26,120 | $8.4M | Reduce -1.2% |
| TSLA Tesla Inc. | 1.59% | 18,296 | $8.2M | Add +82.1% |
| GE General Electric filed as GE AEROSPACE | 1.26% | 21,168 | $6.5M | Add +1.4% |
| COF Capital One Financial Corp. | 1.15% | 24,698 | $6.0M | Add +0.0% |
| MRK Merck & Co. Inc. | 1.12% | 55,320 | $5.8M | Reduce -0.1% |
| AXP American Express Co. | 1.11% | 15,545 | $5.8M | Add +1.8% |
| SPOT Spotify Technology SA | 1.10% | 9,789 | $5.7M | Add +2.4% |
| GS Goldman Sachs Group Inc. | 1.09% | 6,437 | $5.7M | Add +2.1% |
| QQQ Invesco QQQ Trust Series 1 | 1.07% | 9,041 | $5.6M | Add +2.2% |
| VRTX Vertex Pharmaceuticals Inc. | 1.04% | 11,889 | $5.4M | Reduce -1.8% |
| TDG Transdigm Group Inc. | 1.01% | 3,949 | $5.3M | Reduce -0.1% |
| ABBV Abbvie Inc. | 0.94% | 21,444 | $4.9M | Reduce -1.5% |
| GOOG Alphabet Inc. Class C | 0.92% | 15,170 | $4.8M | Add +0.1% |
| SOFI Sofi Technologies Inc. | 0.91% | 179,902 | $4.7M | Add +120.2% |
| UBER Uber Technologies Inc. | 0.89% | 56,317 | $4.6M | Add +1.1% |
| ADP Automatic Data Processing | 0.86% | 17,444 | $4.5M | Reduce -0.5% |
| W Wayfair Inc. Class A | 0.85% | 43,850 | $4.4M | New |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 0.84% | 115,125 | $4.4M | Reduce -12.3% |
| ORCL Oracle Corp. | 0.82% | 21,798 | $4.2M | Reduce -4.1% |
| SF Stifel Financial Corp. | 0.78% | 32,366 | $4.1M | Add +3.1% |
| BSX Boston Scientific Corp. | 0.73% | 39,941 | $3.8M | Reduce -0.8% |
| COST Costco Wholesale Corp. | 0.71% | 4,265 | $3.7M | No change |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.70% | 7,483 | $3.7M | Add +1.8% |
| ARM Arm Holdings PLC-ADR | 0.70% | 33,298 | $3.6M | Add +0.5% |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 0.70% | 34,703 | $3.6M | New |
| QCOM Qualcomm Inc. | 0.63% | 19,035 | $3.3M | Reduce -8.6% |
| NOW ServiceNow Inc. | 0.62% | 20,863 | $3.2M | Reduce -46.1% |
| MS Morgan Stanley | 0.60% | 17,565 | $3.1M | Reduce -7.0% |
| IBKR Interactive Brokers Gro Class A | 0.58% | 47,079 | $3.0M | New |
| BLK BlackRock Inc. | 0.56% | 2,712 | $2.9M | No change |
| JNJ Johnson & Johnson | 0.54% | 13,562 | $2.8M | Reduce -1.6% |
| AGX Argan Inc. | 0.53% | 8,772 | $2.7M | New |
| WM Waste Management Inc. | 0.51% | 12,051 | $2.6M | Reduce -6.1% |
| ADI Analog Devices Inc. | 0.48% | 9,218 | $2.5M | New |
| V Visa Inc. Class A | 0.45% | 6,719 | $2.4M | No change |
| BX Blackstone Inc. | 0.44% | 14,855 | $2.3M | Reduce -0.1% |
| PLTR Palantir Technologies Inc. Class A | 0.42% | 12,373 | $2.2M | Add +0.2% |
| CRDO Credo Technology Group Holdi | 0.42% | 15,247 | $2.2M | New |
| HD Home Depot Inc. | 0.42% | 6,348 | $2.2M | Reduce -2.3% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.39% | 10,557 | $2.0M | Reduce -1.3% |
| AMLP Alerian MLP ETF | 0.37% | 40,612 | $1.9M | Add +0.3% |
| VTI VG Morningstar TS MKT ETF-US | 0.37% | 5,665 | $1.9M | Add +2.4% |
| EPD Enterprise Products Partners | 0.33% | 53,190 | $1.7M | Reduce -2.6% |
| VNQ Vanguard Real Estate ETF | 0.32% | 18,682 | $1.7M | Add +0.2% |
| HYT BlackRock Corp. Hi YLD | 0.31% | 182,534 | $1.6M | Add +2.6% |
| RTX RTX Corp. | 0.31% | 8,818 | $1.6M | Add +3.3% |
| PTY PIMCO Corporate & Income Opp | 0.30% | 122,668 | $1.6M | Add +5.0% |
| ETN Eaton Corp. PLC | 0.30% | 4,892 | $1.6M | Add +0.3% |
| CAT Caterpillar Inc. | 0.30% | 2,703 | $1.5M | Reduce -0.0% |
| TMO Thermo Fisher Scientific Inc. | 0.29% | 2,617 | $1.5M | No change |
| CFG Citizens Financial Group | 0.27% | 23,703 | $1.4M | Reduce -3.0% |
| RSP Invesco S&P 500 Equal Weight | 0.26% | 7,068 | $1.4M | Add +2.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.25% | 23,672 | $1.3M | No change |
| TXN Texas Instruments Inc. | 0.25% | 7,485 | $1.3M | Reduce -5.3% |
| BIV Vanguard Intermediate-Term B | 0.23% | 15,113 | $1.2M | New |
| COIN Coinbase Global Inc. Class A | 0.23% | 5,165 | $1.2M | Add +9.2% |
| CVX Chevron Corp. | 0.22% | 7,640 | $1.2M | Reduce -2.3% |
| FAST Fastenal Co. | 0.22% | 28,556 | $1.1M | Reduce -1.4% |
| ISRG Intuitive Surgical Inc. | 0.22% | 1,975 | $1.1M | No change |
| LHX L3HARRIS Technologies Inc. | 0.21% | 3,791 | $1.1M | Reduce -2.8% |
| AMGN Amgen Inc. | 0.21% | 3,399 | $1.1M | Reduce -0.1% |
| AFL Aflac Inc. | 0.21% | 9,975 | $1.1M | No change |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.20% | 3,625 | $1.1M | Add +2.3% |
| RH RH | 0.19% | 5,602 | $1.0M | Reduce -82.5% |
| APD Air Products & Chemicals Inc. | 0.19% | 3,934 | $972K | Reduce -17.9% |
| MSTR Strategy Inc. | 0.16% | 5,616 | $853K | Add +2.1% |
| SEDG Solaredge Technologies Inc. | 0.16% | 28,000 | $808K | Add +7.7% |
| PWB Invesco Large Cap Growth ETF | 0.15% | 5,996 | $762K | Reduce -1.3% |
| DGS Wisdomtree Em Small Cap | 0.14% | 12,847 | $735K | Reduce -13.1% |
| SBUX Starbucks Corp. | 0.13% | 8,243 | $694K | Reduce -22.1% |
| VYM Vanguard High DVD Yield ETF | 0.13% | 4,822 | $692K | Add +8.1% |
| ADBE Adobe Inc. | 0.13% | 1,971 | $690K | Reduce -9.9% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.13% | 4,449 | $683K | Reduce -2.1% |
| DHR Danaher Corp. | 0.13% | 2,940 | $673K | No change |
| HON Honeywell International Inc. | 0.13% | 3,352 | $654K | Reduce -7.8% |
| ABT Abbott Laboratories | 0.12% | 5,098 | $639K | Reduce -0.8% |
| PAYX Paychex Inc. | 0.12% | 5,508 | $618K | Reduce -7.8% |
| IYR iShares US Real Estate ETF | 0.12% | 6,557 | $616K | Reduce -1.4% |
| VIG Vanguard Dividend Apprec ETF | 0.11% | 2,558 | $562K | Reduce -3.5% |
| ET Energy Transfer LP | 0.10% | 32,691 | $539K | No change |
| DGRW Wisdomtree U.S. Quality Divi | 0.10% | 5,815 | $520K | Reduce -0.2% |
Options reported separately and not counted above: BKNG puts ($84.6M), BKNG calls ($79.3M), QQQ puts ($61.4M), KLAC puts ($30.4M), MPWR puts ($15.8M), META puts ($9.2M), LLY puts ($7.5M), NFLX puts ($7.0M), SPOT puts ($5.8M), COST puts ($4.3M), AVGO calls ($3.1M), TSLA calls ($2.7M), and 12 more.
Portfolio Sells Q3 2025 → Q4 2025
| MELI MercadoLibre Inc. | Sold out | 0.00% | −1.10 |
| LNG Cheniere Energy Inc. | Sold out | 0.00% | −1.09 |
| RH RH | Reduce -82.5% | 0.19% | −1.04 |
| SE Sea Ltd.-ADR | Sold out | 0.00% | −0.99 |
| KKR KKR & Co. Inc. | Sold out | 0.00% | −0.73 |
| NOW ServiceNow Inc. | Reduce -46.1% | 0.62% | −0.73 |
| DASH DoorDash Inc. Class A | Sold out | 0.00% | −0.43 |
| ORCL Oracle Corp. | Reduce -4.1% | 0.82% | −0.39 |
| TTD Trade Desk Inc./the Class A | Reduce -12.3% | 0.84% | −0.37 |
| PANW Palo Alto Networks Inc. | Reduce -1.1% | 1.78% | −0.17 |
| ADP Automatic Data Processing | Reduce -0.5% | 0.86% | −0.11 |
| HD Home Depot Inc. | Reduce -2.3% | 0.42% | −0.08 |
| APD Air Products & Chemicals Inc. | Reduce -17.9% | 0.19% | −0.06 |
| OKLO Oklo Inc. | Sold out | 0.00% | −0.05 |
| FBTC Fidelity Wise Origin Bitcoin | Sold out | 0.00% | −0.05 |
| XYZ Block Inc. | Sold out | 0.00% | −0.05 |
| FAST Fastenal Co. | Reduce -1.4% | 0.22% | −0.05 |
| SO The Southern Co. | Sold out | 0.00% | −0.04 |
| BX Blackstone Inc. | Reduce -0.1% | 0.44% | −0.04 |
| AEM Agnico Eagle Mines Ltd. | Sold out | 0.00% | −0.04 |
| SBUX Starbucks Corp. | Reduce -22.1% | 0.13% | −0.04 |
| VLO Valero Energy Corp. | Reduce -38.6% | 0.05% | −0.03 |
| QCOM Qualcomm Inc. | Reduce -8.6% | 0.63% | −0.03 |
| WM Waste Management Inc. | Reduce -6.1% | 0.51% | −0.03 |
| BYM BlackRock Muni Inc. QLTY | Sold out | 0.00% | −0.02 |
| TXN Texas Instruments Inc. | Reduce -5.3% | 0.25% | −0.02 |
| PAYX Paychex Inc. | Reduce -7.8% | 0.12% | −0.02 |
| HON Honeywell International Inc. | Reduce -7.8% | 0.13% | −0.02 |
| DGS Wisdomtree Em Small Cap | Reduce -13.1% | 0.14% | −0.02 |
| TSCO Tractor Supply Company | Reduce -2.0% | 0.10% | −0.01 |
| ADBE Adobe Inc. | Reduce -9.9% | 0.13% | −0.01 |
| PEP Pepsico Inc. | Reduce -15.1% | 0.08% | −0.01 |
| LHX L3HARRIS Technologies Inc. | Reduce -2.8% | 0.21% | −0.01 |
| BSX Boston Scientific Corp. | Reduce -0.8% | 0.73% | −0.01 |
| ABBV Abbvie Inc. | Reduce -1.5% | 0.94% | −0.01 |
| ABT Abbott Laboratories | Reduce -0.8% | 0.12% | −0.01 |
| ARKK ARK Innovation ETF | Reduce -0.6% | 0.06% | −0.01 |
| CVX Chevron Corp. | Reduce -2.3% | 0.22% | −0.00 |
| IYR iShares US Real Estate ETF | Reduce -1.4% | 0.12% | −0.00 |
| MPWR Monolithic Power Systems Inc. | Reduce -3.9% | 0.08% | −0.00 |
| OKE Oneok Inc. | Reduce -3.4% | 0.05% | −0.00 |
| VIG Vanguard Dividend Apprec ETF | Reduce -3.5% | 0.11% | +0.00 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -0.5% | 0.05% | +0.00 |
| IVW iShares S&P 500 Growth ETF | Reduce -0.7% | 0.04% | +0.00 |
| DGRW Wisdomtree U.S. Quality Divi | Reduce -0.2% | 0.10% | +0.00 |
| PWB Invesco Large Cap Growth ETF | Reduce -1.3% | 0.15% | +0.00 |
| EPD Enterprise Products Partners | Reduce -2.6% | 0.33% | +0.01 |
| TJX TJX Companies Inc. | Reduce -2.1% | 0.13% | +0.01 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -1.3% | 0.39% | +0.01 |
| CFG Citizens Financial Group | Reduce -3.0% | 0.27% | +0.02 |
Portfolio Buys Q3 2025 → Q4 2025
| W Wayfair Inc. Class A | New | 0.85% | +0.85 |
| TSLA Tesla Inc. | Add +82.1% | 1.59% | +0.74 |
| EL Estee Lauder Companies Class A | New | 0.70% | +0.70 |
| IBKR Interactive Brokers Gro Class A | New | 0.58% | +0.58 |
| GOOGL Alphabet Inc. Class A | Add +1.4% | 2.28% | +0.57 |
| AGX Argan Inc. | New | 0.53% | +0.53 |
| SOFI Sofi Technologies Inc. | Add +120.2% | 0.91% | +0.50 |
| ADI Analog Devices Inc. | New | 0.48% | +0.48 |
| CRDO Credo Technology Group Holdi | New | 0.42% | +0.42 |
| AMZN Amazon.com Inc. | Add +0.5% | 3.59% | +0.26 |
| BIV Vanguard Intermediate-Term B | New | 0.23% | +0.23 |
| GOOG Alphabet Inc. Class C | Add +0.1% | 0.92% | +0.22 |
| GEV GE Vernova Inc. | Add +1.4% | 2.10% | +0.19 |
| COF Capital One Financial Corp. | Add +0.0% | 1.15% | +0.16 |
| AXP American Express Co. | Add +1.8% | 1.11% | +0.15 |
| GS Goldman Sachs Group Inc. | Add +2.1% | 1.09% | +0.14 |
| SF Stifel Financial Corp. | Add +3.1% | 0.78% | +0.11 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.7% | 1.66% | +0.08 |
| APP AppLovin Corp. Class A | New | 0.07% | +0.07 |
| GE General Electric | Add +1.4% | 1.26% | +0.07 |
| QQQ Invesco QQQ Trust Series 1 | Add +2.2% | 1.07% | +0.07 |
| WMT Walmart Inc. | New | 0.05% | +0.05 |
| LRCX Lam Research Corp. | New | 0.04% | +0.04 |
| RTX RTX Corp. | Add +3.3% | 0.31% | +0.04 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +1.8% | 0.70% | +0.04 |
| GCC Wisdomtree Enhanced Commodit | Add +47.5% | 0.07% | +0.02 |
| VTI VG Morningstar TS MKT ETF-US | Add +2.4% | 0.37% | +0.02 |
| AMD Advanced Micro Devices | Add +3.5% | 0.08% | +0.02 |
| VYM Vanguard High DVD Yield ETF | Add +8.1% | 0.13% | +0.01 |
| RSP Invesco S&P 500 Equal Weight | Add +2.6% | 0.26% | +0.01 |
| VOO Vanguard S&P 500 ETF | Add +15.3% | 0.08% | +0.01 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +8.8% | 0.10% | +0.01 |
| AMLP Alerian MLP ETF | Add +0.3% | 0.37% | +0.01 |
| WELL Welltower Inc. | Add +1.6% | 0.10% | +0.01 |
| MUB iShares National Muni Bond E | Add +5.0% | 0.09% | +0.01 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +2.3% | 0.20% | +0.01 |
| HFXI Nylim Ftse Intr Eq CN ETF-Ui | Add +0.3% | 0.06% | +0.00 |
| AMJB Alerian MLP ETN2044 | Add +1.5% | 0.06% | +0.00 |
| HDV iShares Core High Dividend E | Add +3.7% | 0.04% | +0.00 |
| PLTR Palantir Technologies Inc. Class A | Add +0.2% | 0.42% | −0.00 |
| VNQ Vanguard Real Estate ETF | Add +0.2% | 0.32% | −0.00 |
| HYT BlackRock Corp. Hi YLD | Add +2.6% | 0.31% | −0.01 |
| PTY PIMCO Corporate & Income Opp | Add +5.0% | 0.30% | −0.01 |
| SEDG Solaredge Technologies Inc. | Add +7.7% | 0.16% | −0.03 |
| ETN Eaton Corp. PLC | Add +0.3% | 0.30% | −0.04 |
| COIN Coinbase Global Inc. Class A | Add +9.2% | 0.23% | −0.08 |
| UBER Uber Technologies Inc. | Add +1.1% | 0.89% | −0.14 |
| SPOT Spotify Technology SA | Add +2.4% | 1.10% | −0.16 |
| MSTR Strategy Inc. | Add +2.1% | 0.16% | −0.17 |
| META Meta Platforms Inc. Class A | Add +1.7% | 2.51% | −0.18 |
Options Activity Q3 2025 → Q4 2025
| BKNG Booking Holdings Inc. | put | Reduce -34.2% | 15,800 | $84.6M |
| BKNG Booking Holdings Inc. | call | New | 14,800 | $79.3M |
| QQQ Invesco QQQ Trust Series 1 | put | Reduce -60.0% | 100,000 | $61.4M |
| KLAC KLA Corp. | put | New | 25,000 | $30.4M |
| MELI MercadoLibre Inc. | put | Sold out | 11,000 | $25.7Mbefore exit |
| MPWR Monolithic Power Systems Inc. | put | Add +132.0% | 17,400 | $15.8M |
| META Meta Platforms Inc. Class A | put | New | 14,000 | $9.2M |
| LLY Eli Lilly & Co. | put | New | 7,000 | $7.5M |
| COST Costco Wholesale Corp. | put | Reduce -37.5% | 5,000 | $4.3M |
| AVGO Broadcom Inc. | call | Reduce -30.8% | 9,000 | $3.1M |
| TSLA Tesla Inc. | call | Add +500.0% | 6,000 | $2.7M |
| TSLA Tesla Inc. | put | New | 5,000 | $2.2M |
| AMZN Amazon.com Inc. | call | Reduce -10.0% | 9,000 | $2.1M |
| GOOGL Alphabet Inc. Class A | put | New | 5,000 | $1.6M |
| NVDA Nvidia Corp. | call | Reduce -44.8% | 8,000 | $1.5M |
| GOOG Alphabet Inc. Class C | put | New | 3,000 | $941K |
| SBUX Starbucks Corp. | call | Sold out | 10,000 | $846Kbefore exit |
| SHOP Shopify Inc. Class A | call | Reduce -52.1% | 4,600 | $740K |
| META Meta Platforms Inc. Class A | call | Sold out | 1,000 | $734Kbefore exit |
| AVGO Broadcom Inc. | put | Reduce -80.0% | 1,000 | $346K |
| HOOD Robinhood Markets Inc. Class A | put | Reduce -9.1% | 3,000 | $339K |
| TTD Trade Desk Inc./the Class A | call | Sold out | 5,000 | $245Kbefore exit |
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 |