# Covenant Asset Management, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1697717. Source: https://holderbook.com/funds/1697717-covenant-asset-management-llc/

- Reported value: $594.6M
- Positions: 147
- Weight of the ten largest: 40.6%
- Filed: 2026-07-20

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $48.5M | 235,840 | 8.2% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $25.3M | 65,858 | 4.3% | 31 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $25.2M | 53,642 | 4.2% | 25 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $23.3M | 80,430 | 3.9% | 31 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $22.0M | 16,201 | 3.7% | 6 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $21.9M | 72,549 | 3.7% | 14 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $20.8M | 43,072 | 3.5% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $20.4M | 76,726 | 3.4% | 31 |
| QUANTA SVCS INC | [PWR](https://holderbook.com/stocks/PWR/) | $17.6M | 24,497 | 3.0% | 15 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $16.4M | 8,255 | 2.8% | 25 |
| BLOOM ENERGY CORP | [BE](https://holderbook.com/stocks/BE/) | $13.9M | 25,567 | 2.3% | 2 |
| HOWMET AEROSPACE INC | [HWM](https://holderbook.com/stocks/HWM/) | $12.8M | 47,493 | 2.1% | 10 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $11.1M | 19,754 | 1.9% | 31 |
| SHOPIFY INC | [SHOP](https://holderbook.com/stocks/SHOP/) | $10.9M | 90,675 | 1.8% | 29 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $10.7M | 8,957 | 1.8% | 17 |
| ROBINHOOD MKTS INC | [HOOD](https://holderbook.com/stocks/HOOD/) | $10.3M | 88,562 | 1.7% | 6 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $10.0M | 21,015 | 1.7% | 2 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $10.0M | 15,170 | 1.7% | 31 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $9.5M | 12,690 | 1.6% | 31 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $8.3M | 39,592 | 1.4% | 16 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $8.2M | 25,140 | 1.4% | 31 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $8.1M | 21,804 | 1.4% | 5 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $8.0M | 47,144 | 1.3% | 7 |
| ASTRAZENECA PLC | [AZN](https://holderbook.com/stocks/AZN/) | $7.9M | 41,874 | 1.3% | 2 |
| SOFI TECHNOLOGIES INC | [SOFI](https://holderbook.com/stocks/SOFI/) | $7.8M | 433,052 | 1.3% | 1 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $7.7M | 18,325 | 1.3% | 19 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $7.5M | 100,645 | 1.3% | 31 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $7.2M | 18,229 | 1.2% | 3 |
| ARGAN INC | [AGX](https://holderbook.com/stocks/AGX/) | $7.0M | 8,750 | 1.2% | 3 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $6.9M | 53,920 | 1.2% | 31 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $6.6M | 6,511 | 1.1% | 11 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $6.4M | 8,718 | 1.1% | 31 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $6.3M | 18,500 | 1.1% | 15 |
| RBC BEARINGS INC | [RBC](https://holderbook.com/stocks/RBC/) | $6.2M | 9,638 | 1.0% | 2 |
| VERTEX PHARMACEUTICALS INC | [VRTX](https://holderbook.com/stocks/VRTX/) | $5.9M | 11,782 | 1.0% | 17 |
| OLD DOMINION FREIGHT LINE IN | [ODFL](https://holderbook.com/stocks/ODFL/) | $5.6M | 25,907 | 0.9% | 2 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $5.0M | 19,947 | 0.8% | 31 |
| CAPITAL ONE FINL CORP | [COF](https://holderbook.com/stocks/COF/) | $5.0M | 24,788 | 0.8% | 6 |
| FTAI AVIATION LTD | [FTAI](https://holderbook.com/stocks/FTAI/) | $4.9M | 18,171 | 0.8% | 2 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $4.0M | 46,185 | 0.7% | 31 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $3.9M | 4,166 | 0.7% | 31 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $3.7M | 16,384 | 0.6% | 31 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $3.4M | 9,987 | 0.6% | 31 |
| CARDINAL HEALTH INC | [CAH](https://holderbook.com/stocks/CAH/) | $3.4M | 14,302 | 0.6% | 2 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $3.2M | 12,700 | 0.5% | 31 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $3.1M | 20,858 | 0.5% | 31 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $2.9M | 16,631 | 0.5% | 1 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $2.7M | 2,573 | 0.5% | 15 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $2.7M | 14,598 | 0.5% | 31 |
| BLACKROCK INC | [BLK](https://holderbook.com/stocks/BLK/) | $2.6M | 2,668 | 0.4% | 7 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $2.5M | 11,320 | 0.4% | 31 |
| VANGUARD BD INDEX FDS | [BIV](https://holderbook.com/stocks/BIV/) | $2.3M | 30,590 | 0.4% | 3 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $2.3M | 6,719 | 0.4% | 31 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $2.3M | 10,554 | 0.4% | 31 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $2.2M | 7,480 | 0.4% | 31 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $2.2M | 5,971 | 0.4% | 31 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $2.2M | 6,172 | 0.4% | 31 |
| RH | [RH](https://holderbook.com/stocks/RH/) | $2.1M | 12,819 | 0.4% | 5 |
| ALPS ETF TR | [AMLP](https://holderbook.com/stocks/AMLP/) | $2.1M | 40,279 | 0.4% | 25 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $2.0M | 4,581 | 0.3% | 23 |
| ENTERPRISE PRODS PARTNERS L | [EPD](https://holderbook.com/stocks/EPD/) | $1.8M | 49,969 | 0.3% | 31 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $1.8M | 15,246 | 0.3% | 7 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $1.7M | 0 | 0.3% | 1 |
| BLACKSTONE INC | [BX](https://holderbook.com/stocks/BX/) | $1.6M | 13,934 | 0.3% | 15 |
| SOLAREDGE TECHNOLOGIES INC | [SEDG](https://holderbook.com/stocks/SEDG/) | $1.6M | 28,000 | 0.3% | 15 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $1.6M | 7,634 | 0.3% | 14 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $1.6M | 16,526 | 0.3% | 31 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $1.6M | 8,299 | 0.3% | 15 |
| CITIZENS FINL GROUP INC | [CFG](https://holderbook.com/stocks/CFG/) | $1.6M | 22,271 | 0.3% | 6 |
| CBOE GLOBAL MKTS INC | [CBOE](https://holderbook.com/stocks/CBOE/) | $1.5M | 5,979 | 0.2% | 2 |
| PIMCO CORPORATE & INCOME OPP | [PTY](https://holderbook.com/stocks/PTY/) | $1.4M | 118,277 | 0.2% | 31 |
| BLACKROCK CORPOR HI YLD FD I | [HYT](https://holderbook.com/stocks/HYT/) | $1.4M | 162,310 | 0.2% | 31 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $1.3M | 23,672 | 0.2% | 31 |
| FASTENAL CO | [FAST](https://holderbook.com/stocks/FAST/) | $1.3M | 27,544 | 0.2% | 31 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $1.3M | 2,522 | 0.2% | 30 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $1.2M | 3,320 | 0.2% | 31 |
| AFLAC INC | [AFL](https://holderbook.com/stocks/AFL/) | $1.1M | 9,805 | 0.2% | 22 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $1.1M | 14,078 | 0.2% | 26 |
| AIR PRODUCTS AND CHEMICALS I | [APD](https://holderbook.com/stocks/APD/) | $1.1M | 3,867 | 0.2% | 31 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $1.1M | 1,820 | 0.2% | 5 |
| L3HARRIS TECHNOLOGIES INC | [LHX](https://holderbook.com/stocks/LHX/) | $1.0M | 3,454 | 0.2% | 10 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $1.0M | 6,034 | 0.2% | 31 |
| ARM HOLDINGS PLC | [ARM](https://holderbook.com/stocks/ARM/) | $997.8K | 2,814 | 0.2% | 9 |
| INVESCO EXCHANGE TRADED FD T | [PWB](https://holderbook.com/stocks/PWB/) | $983.5K | 5,838 | 0.2% | 31 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $949.7K | 6,062 | 0.2% | 1 |
| WISDOMTREE TR | [DGS](https://holderbook.com/stocks/DGS/) | $831.3K | 12,847 | 0.1% | 31 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $822.2K | 8,046 | 0.1% | 27 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $785.4K | 1,975 | 0.1% | 31 |
| COINBASE GLOBAL INC | [COIN](https://holderbook.com/stocks/COIN/) | $694.4K | 4,750 | 0.1% | 14 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $674.6K | 4,453 | 0.1% | 10 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $670.5K | 976 | 0.1% | 16 |
| ISHARES TR | [IYR](https://holderbook.com/stocks/IYR/) | $649.0K | 6,347 | 0.1% | 31 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $647.8K | 2,137 | 0.1% | 25 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $621.4K | 2,626 | 0.1% | 31 |
| MONOLITHIC PWR SYS INC | [MPWR](https://holderbook.com/stocks/MPWR/) | $617.9K | 447 | 0.1% | 9 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $615.7K | 3,896 | 0.1% | 31 |
| WELLTOWER INC | [WELL](https://holderbook.com/stocks/WELL/) | $615.3K | 2,711 | 0.1% | 9 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $585.0K | 1,350 | 0.1% | 3 |
| WISDOMTREE TR | [DGRW](https://holderbook.com/stocks/DGRW/) | $568.7K | 5,948 | 0.1% | 31 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $556.4K | 4,912 | 0.1% | 3 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +17.3% | +14.8% | +2.5% | 76% |
| Q1 2026 | -6.6% | -4.6% | -2.0% | 76% |
| Q4 2025 | -1.4% | +2.4% | -3.8% | 70% |
| Q3 2025 | +7.6% | +7.8% | -0.2% | 79% |
| Q2 2025 | +20.5% | +10.5% | +10.0% | 88% |
| Q1 2025 | -9.4% | -4.6% | -4.8% | 69% |
| Q4 2024 | +3.1% | +2.1% | +1.0% | 71% |
| Q3 2024 | +1.9% | +5.4% | -3.5% | 71% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $594.6M | 147 |
| Q1 2026 | $664.2M | 143 |
| Q4 2025 | $844.4M | 141 |
| Q3 2025 | $884.7M | 142 |
| Q2 2025 | $676.6M | 142 |
| Q1 2025 | $454.1M | 134 |
| Q4 2024 | $651.6M | 136 |
| Q3 2024 | $636.0M | 141 |
| Q2 2024 | $628.7M | 142 |
| Q1 2024 | $609.7M | 135 |
| Q4 2023 | $556.6M | 137 |
| Q3 2023 | $379.3M | 136 |