CA
Covenant Asset Management, LLC 13F Holdings & Recent Stock Buys (Q3 2026)
Covenant Asset Management, LLCCIK: 0001697717
Diversified strategyMomentum followerSector-focused
Total reported value
$746.1M
Reporting period: 2026-09-30 · Number of holdings: 169
Covenant Asset Management, LLC disclosed 169 holdings in its latest 13F filing for the period ending 2026-09-30, with total reported value of $746.1M and a quarterly turnover rate of 47.3%.
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Personality snowflake
- Concentration
- 23.92
- Portfolio Stability
- 47.31
- Momentum
- 100
- Sector conviction
- 90.55
- Diversification
- 100
- Sizing Uniformity
- 71.78
Covenant Asset Management, LLC's disclosed holdings carry a Herfindahl concentration index of 0.060 — mathematically equivalent to about 17 equally-sized positions, well below its 169 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 2.82), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd QQQ
+2294.6% $148.0M
Add ANET
+167.8% $17.7M
Trim KLAC
-2.6% -$8.1M
Trim GEV
-15.7% -$7.0M
Trim NVDA
-8.4% $2.2M
Sold out SOFI
Holdings Map
New buyAddUnchangedTrim
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Top 10 holdings by weight
Full holdings list this quarter
Showing top 149 holdings (of 169 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 20.70% | +19.62% | +2294.56% | |
| 2 | NVDA | Nvidia CORP | Stock-Tech | 6.80% | -1.36% | -8.36% | |
| 3 | MSFT | Microsoft CORP | Stock-Tech | 4.61% | +0.35% | -1.26% | |
| 4 | AAPL | Apple Inc | Stock-Tech | 3.54% | -0.37% | -1.34% | |
| 5 | ANET | Arista Networks Inc | Stock-Tech | 3.44% | +2.09% | +167.78% | |
| 6 | AVGO | Broadcom Inc | Stock-Tech | 3.16% | -1.07% | +0.65% | |
| 7 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 2.82% | -0.62% | -1.59% | |
| 8 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 2.61% | -0.88% | -2.40% | |
| 9 | PWR | Quanta Services Inc | Stock-Industrials | 2.05% | -0.92% | -2.61% | |
| 10 | GEV | GE Vernova Inc | Stock-Industrials | 2.01% | -1.69% | -15.71% | |
| 11 | ASML | ASML Holding N.V. | Stock-Tech | 1.97% | -0.79% | -1.66% | |
| 12 | META | Meta Platforms Inc-class A | Stock-Comm Services | 1.89% | +0.02% | -1.63% | |
| 13 | KLAC | Kla CORP | Stock-Tech | 1.85% | -1.83% | -2.63% | |
| 14 | SHOP | Shopify Inc - Class A | Stock-Tech | 1.79% | -0.05% | -5.87% | |
| 15 | BE | Bloom Energy Corp- A | Stock-Industrials | 1.70% | -0.64% | -0.05% | |
| 16 | HOOD | Robinhood Markets Inc - A | Stock-Financials | 1.42% | -0.31% | -8.41% | |
| 17 | LLY | Eli Lilly & Co | Stock-Healthcare | 1.37% | -0.44% | -1.57% | |
| 18 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 1.29% | -0.38% | +0.11% | |
| 19 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 1.27% | -0.32% | -2.35% | |
| 20 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 1.25% | -0.44% | -2.86% | |
| 21 | SNOW | Snowflake Inc | Stock-Tech | 1.18% | +1.18% | NEW | |
| 22 | HWM | Howmet Aerospace Inc | Stock-Industrials | 1.16% | -0.99% | -19.49% | |
| 23 | JPM | Jpmorgan Chase & Co | Stock-Financials | 1.10% | -0.28% | -1.55% | |
| 24 | MRK | Merck & Co. Inc. | Stock-Healthcare | 1.05% | -0.12% | — | |
| 25 | MS | Morgan Stanley | Stock-Financials | 0.97% | -0.42% | -2.74% | |
| 26 | ADI | Analog Devices Inc | Stock-Tech | 0.96% | -0.26% | -1.20% | |
| 27 | GE | General Electric | Stock-Industrials | 0.90% | -0.47% | -1.77% | |
| 28 | PLTR | Palantir Technologies Inc-a | Stock-Tech | 0.88% | +0.58% | +131.02% | |
| 29 | TSLA | Tesla Inc | Stock-Consumer Disc | 0.87% | -0.43% | -0.23% | |
| 30 | VRTX | Vertex Pharmaceuticals Inc | Stock-Healthcare | 0.81% | -0.17% | -1.71% | |
| 31 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.81% | +0.27% | +78.93% | |
| 32 | GS | Goldman Sachs Group Inc | Stock-Financials | 0.78% | -0.33% | -1.24% | |
| 33 | NET | Cloudflare Inc - Class A | Stock-Tech | 0.77% | +0.77% | NEW | |
| 34 | AXON | Axon Enterprise Inc | Stock-Industrials | 0.74% | +0.74% | NEW | |
| 35 | AXP | American Express Co | Stock-Financials | 0.72% | -0.33% | -4.21% | |
| 36 | ABBV | Abbvie Inc | Stock-Healthcare | 0.69% | -0.15% | -1.51% | |
| 37 | COF | Capital One Financial CORP | Stock-Financials | 0.63% | -0.21% | -2.44% | |
| 38 | CAH | Cardinal Health Inc | Stock-Healthcare | 0.61% | +0.04% | +44.11% | |
| 39 | ODFL | Old Dominion Freight Line | Stock-Industrials | 0.59% | -0.35% | -2.19% | |
| 40 | ✓ | Stock-Other | 0.58% | +0.58% | NEW | ||
| 41 | MU | Micron Technology Inc | Stock-Tech | 0.57% | +0.28% | +166.67% | |
| 42 | ADP | Automatic Data Processing | Stock-Tech | 0.56% | -0.06% | -0.90% | |
| 43 | APH | Amphenol Corp-cl A | Stock-Tech | 0.56% | +0.07% | +197.81% | |
| 44 | VUG | Vanguard Growth ETF | ETF-Other | 0.55% | -0.12% | -1.39% | |
| 45 | PANW | Palo Alto Networks Inc | Stock-Tech | 0.53% | -0.04% | +0.18% | |
| 46 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.50% | -0.16% | -2.28% | |
| 47 | NFLX | Netflix Inc | Stock-Comm Services | 0.49% | -0.78% | -50.20% | |
| 48 | AGX | Argan Inc | Stock-Industrials | 0.44% | -0.74% | -1.53% | |
| 49 | ORCL | Oracle CORP | Stock-Tech | 0.38% | -0.13% | -2.08% | |
| 50 | BLK | Blackrock Inc | Stock-Financials | 0.37% | -0.06% | -2.55% |
1–50 of 149
Portfolio Performance
Performance for Q4 2026
+2.5%
Performance Last 4 Quarters
+7.1%
- Stdev
- +15.6%
- Beta
- +1.23
- Alpha
- -6.1%
- Max Drawdown
- -11.6%
- Annualized Perf
- +22.5%
- Batting Avg vs S&P
- +50%
- Sortino
- +3.11
- Stutzer
- +0.42
- Treynor
- +0.18
- Sterling
- +1.24
- Calmar
- +1.94
- Information Ratio
- -0.18
- Tracking Error
- +5.1%
- Stdev Down
- +7%
- Winning Months %
- +63.9%
- Losing Months %
- +36.1%
- Best 12 Months
- +37.5%
- Worst 12 Months
- +0.6%
- Efficiency Ratio
- +0.64
- Sharpe
- +1.39
- Stdev Sectors
- +13.8%
- Skewness
- +0.34
- Kurtosis
- -0.05
- Upside Potential
- +4.72
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q3 | 169 | $746.1M | 47 | ||
| 2026 Q2 | 164 | $594.6M | 39 | ||
| 2026 Q1 | 165 | $664.2M | 60 | ||
| 2025 Q4 | 164 | $844.4M | 38 | ||
| 2025 Q3 | 162 | $884.7M | 70 | ||
| 2025 Q2 | 155 | $676.6M | 0 | ||
| 2025 Q1 | 155 | $454.1M | 100 | ||
| 2024 Q4 | 165 | $651.6M | 0 | ||
| 2024 Q3 | 164 | $636.0M | 0 | ||
| 2024 Q2 | 163 | $628.7M | 0 | ||
| 2024 Q1 | 144 | $609.7M | 0 | ||
| 2023 Q4 | 154 | $556.6M | 0 | ||
| 2023 Q3 | 150 | $379.3M | 0 | ||
| 2023 Q2 | 154 | $394.1M | 0 | ||
| 2023 Q1 | 167 | $420.3M | 0 | ||
| 2022 Q4 | 169 | $418.9M | 0 | ||
| 2022 Q3 | 158 | $350.8M | 0 | ||
| 2022 Q2 | 151 | $314.8M | 0 | ||
| 2022 Q1 | 148 | $370.2M | 0 | ||
| 2021 Q4 | 137 | $376.3M | 0 | ||
| 2021 Q3 | 133 | $336.8M | 0 | ||
| 2021 Q2 | 133 | $336.0M | 100 | ||
| 2021 Q1 | 143 | $320.8M | 36 | ||
| 2020 Q4 | 133 | $303.5M | 35 | ||
| 2020 Q3 | 126 | $312.1M | 52 | ||
| 2020 Q2 | 132 | $451.8M | 37 | ||
| 2020 Q1 | 139 | $331.5M | 63 | ||
| 2019 Q4 | 143 | $228.5M | 33 | ||
| 2019 Q3 | 137 | $199.2M | 27 | ||
| 2019 Q2 | 138 | $192.8M | 21 | ||
| 2019 Q1 | 137 | $190.3M | 37 | ||
| 2018 Q4 | 141 | $198.5M | 0 | ||
| 2018 Q3 | 141 | $198.5M | 20 | ||
| 2018 Q2 | 141 | $185.1M | 25 | ||
| 2018 Q1 | 154 | $173.1M | 30 | ||
| 2017 Q4 | 148 | $172.0M | 17 | ||
| 2017 Q3 | 140 | $163.9M | 20 | ||
| 2017 Q2 | 136 | $156.3M | 9 | ||
| 2017 Q1 | 130 | $148.3M | 46 | ||
| 2016 Q4 | 130 | $149.0M | — |
Holding changes this quarter
Covenant Asset Management, LLC's most significant position changes for 2026-09-30: New buy: Snowflake Inc (SNOW); Sold out: Sofi Technologies Inc (SOFI); Sold out: RBC Bearings Inc (RBC); New buy: Cloudflare Inc - Class A (NET); New buy: Axon Enterprise Inc (AXON).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | QQQ | Invesco Qqq Trust Series 1 | +19.6% | +2294.56% | Add |
| 2 | ANET | Arista Networks Inc | +2.1% | +167.78% | Add |
| 3 | SNOW | Snowflake Inc | +1.2% | NEW | New buy |
| 4 | NET | Cloudflare Inc - Class A | +0.8% | NEW | New buy |
| 5 | AXON | Axon Enterprise Inc | +0.7% | NEW | New buy |
| 6 | PLTR | Palantir Technologies Inc-a | +0.6% | +131.02% | Add |
| 7 | ✓ | +0.6% | NEW | New buy | |
| 8 | MSFT | Microsoft CORP | +0.4% | -1.26% | Trim |
| 9 | MU | Micron Technology Inc | +0.3% | +166.67% | Add |
| 10 | IBKR | Interactive Brokers Gro-cl A | +0.3% | NEW | New buy |
| 11 | JNJ | Johnson & Johnson | +0.3% | +78.93% | Add |
| 12 | CRWD | Crowdstrike Holdings Inc - A | +0.1% | NEW | New buy |
| 13 | APH | Amphenol Corp-cl A | +0.1% | +197.81% | Add |
| 14 | IEFA | Ishares Core Msci Eafe ETF | +0.1% | NEW | New buy |
| 15 | ✓ | +0.1% | NEW | New buy | |
| 16 | IEMG | Ishares Core Msci Emerging | +0.1% | NEW | New buy |
| 17 | IVV | Ishares Core S&p 500 ETF | +0.1% | NEW | New buy |
| 18 | SPDW | Ste Str Spdr Pt Dw EU ETF | +0.1% | NEW | New buy |
| 19 | CAH | Cardinal Health Inc | 0% | +44.11% | Add |
| 20 | MSTR | Strategy Inc | 0% | — | Unchanged |
| 21 | CRM | Salesforce Inc | 0% | +1.65% | Add |
| 22 | FCX | Freeport-mcmoran Inc | 0% | NEW | New buy |
| 23 | OKTA | Okta Inc | 0% | NEW | New buy |
| 24 | META | Meta Platforms Inc-class A | 0% | -1.63% | Trim |
| 25 | TMO | Thermo Fisher Scientific Inc | 0% | -2.30% | Trim |
| 26 | VLO | Valero Energy CORP | 0% | — | Unchanged |
| 27 | VOO | Vanguard S&p 500 ETF | — | +16.09% | Add |
| 28 | PSX | Phillips 66 | — | — | Unchanged |
| 29 | VCSH | Vanguard S/t CORP Bond ETF | — | +25.69% | Add |
| 30 | XLK | Ss Technology Select Sector | — | +0.82% | Add |
| 31 | BBAI | Bigbear.ai Holdings Inc | — | — | Unchanged |
| 32 | CVX | Chevron CORP | 0% | -4.04% | Trim |
| 33 | DHR | Danaher CORP | 0% | — | Unchanged |
| 34 | GCC | Wisdomtree Enhanced Commodit | 0% | — | Unchanged |
| 35 | MUB | Ishares National Muni Bond E | 0% | +16.40% | Add |
| 36 | ABT | Abbott Laboratories | 0% | — | Unchanged |
| 37 | SO | Southern Co/the | 0% | — | Unchanged |
| 38 | ARKK | Ark Innovation ETF | 0% | — | Unchanged |
| 39 | PEP | Pepsico Inc | 0% | — | Unchanged |
| 40 | IJH | Ishares Core S&p Midcap ETF | 0% | — | Unchanged |
| 41 | MKC | Mccormick & Co-non Vtg Shrs | 0% | — | Unchanged |
| 42 | SPHQ | Invesco S&p 500 Quality ETF | 0% | — | Unchanged |
| 43 | BTT | Blackrock 2030 Muni Trgt Trm | 0% | — | Unchanged |
| 44 | CEF | Sprott Physical Gold And Sil | 0% | — | Unchanged |
| 45 | ONDS | Ondas Inc | 0% | — | Unchanged |
| 46 | ONEQ | Fidelity Nasdaq Comp Indx | 0% | — | Unchanged |
| 47 | PLD | Prologis Inc | 0% | — | Unchanged |
| 48 | SDY | Ss Spdr S&p Dividend ETF | 0% | — | Unchanged |
| 49 | WSM | Williams-sonoma Inc | 0% | — | Unchanged |
| 50 | IVW | Ishares S&p 500 Growth ETF | 0% | -0.72% | Trim |
1–50 of 160
Filing History
FAQ
What is Covenant Asset Management, LLC and what type of investor is it?
Covenant Asset Management, LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-09-30), the firm manages a tracked equity portfolio valued at approximately $746.1M, spread across 169 disclosed positions.
What are Covenant Asset Management, LLC's largest equity positions?
Based on the latest 13F filing, Covenant Asset Management, LLC's top holdings by market value are:
1. Invesco Qqq Trust Series 1 (QQQ) — $154.4M (20.7%)
2. Nvidia CORP (NVDA) — $50.7M (6.8%)
3. Microsoft CORP (MSFT) — $34.4M (4.6%)
4. Apple Inc (AAPL) — $26.4M (3.5%)
5. Arista Networks Inc (ANET) — $25.7M (3.4%)
What changes did Covenant Asset Management, LLC make in its most recent portfolio filing?
In the latest reported quarter, Covenant Asset Management, LLC made 126 notable position adjustments: 13 new positions were initiated, 27 existing holdings were added to, 75 positions were partially reduced, and 11 were completely exited. The largest of these moves: New buy: Snowflake Inc (SNOW); Sold out: Sofi Technologies Inc (SOFI); Sold out: RBC Bearings Inc (RBC); New buy: Cloudflare Inc - Class A (NET); New buy: Axon Enterprise Inc (AXON)
What sectors does Covenant Asset Management, LLC focus on?
Covenant Asset Management, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 50.1%
• Industrials: 15.1%
• Financials: 10.1%
• Communication Services: 8.6%
• Health Care: 8.2%
• Consumer Discretionary: 5.7%
Investment Profile
Covenant Asset Management, LLC returned an annualized 22.5% over the trailing 36 months — underperforming the S&P 500 by 6.1 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.23 (more volatile than the market) and a 50% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active, with 50.1% of the portfolio concentrated in Information Technology.
Its turnover score has fallen from 70 to 47 over the past 4 quarters — a shift toward longer holding periods.
It has added to its ANET position over the past two quarters (+$19.7M, now $25.7M), while trimming MPWR over the same stretch (-$25.6M, still holding $602.2K).
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Developer Access
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REST API
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