1y return+13.9%S&P 500 +20.9%
3y return+72.2%S&P 500 +68.5%
5y return+62.3%S&P 500 +74.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since December 31, 2016: $337 against $334 in the S&P 500.2
Covenant Asset Management, LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| NVDANvidia Corporation | $47.2M | 8.4% | −4.4% |
| MSFTMicrosoft Corp | $24.6M | 4.4% | −1.4% |
| AAPLApple Inc | $23.3M | 4.1% | −3.3% |
| KLACKla Corp | $21.9M | 3.9% | +872.9% |
| AVGOBroadcom Inc | $20.3M | 3.6% | −3.3% |
| GEVGe Vernova Inc | $19.0M | 3.4% | −4.0% |
| AMZNAmazon Com Inc | $18.3M | 3.3% | −1.4% |
| PWRQuanta Svcs Inc | $17.6M | 3.1% | −3.5% |
| Asml Hldg NvCUSIP N07059210 | $16.4M | 2.9% | −1.3% |
| GOOGLAlphabet Inc | $15.4M | 2.7% | −2.1% |
| HWMHowmet Aerospace Inc | $12.8M | 2.3% | −2.2% |
| METAMeta Platforms Inc | $11.1M | 2.0% | |
| LLYEli Lilly & Co | $10.7M | 1.9% | |
| SHOPShopify Inc | $10.4M | 1.8% | −3.0% |
| TSMTaiwan Semiconductor Manufac | $10.0M | 1.8% | −1.4% |
| SPYState Str Spdr S&p 500 Etf T | $9.5M | 1.7% | +1.7% |
| HOODRobinhood Mkts Inc | $8.9M | 1.6% | −1.5% |
| MSMorgan Stanley | $8.3M | 1.5% | +140.2% |
| JPMJpmorgan Chase & Co | $8.2M | 1.5% | −3.0% |
| GEGe Aerospace | $8.1M | 1.4% | −2.1% |
| ANETArista Networks Inc | $8.0M | 1.4% | −4.3% |
| Astrazeneca PLCCUSIP G0593M107 | $7.9M | 1.4% | −4.5% |
| SOFISofi Technologies Inc | $7.8M | 1.4% | New |
| BEBloom Energy Corp | $7.7M | 1.4% | −1.2% |
| TSLATesla Inc | $7.7M | 1.4% | +1.8% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| NVDANvidia Corporation | June 30, 2020 | +2006.7% | $47.2M |
| AVGOBroadcom Inc | June 30, 2020 | +1096.9% | $20.3M |
| Asml Hldg NvCUSIP N07059210 | June 30, 2020 | +440.6% | $16.4M |
| PWRQuanta Svcs Inc | December 31, 2022 | +405.3% | $17.6M |
| GOOGLAlphabet Inc | June 30, 2020 | +404.0% | $15.4M |
| GOOGAlphabet Inc | June 30, 2020 | +399.9% | $5.4M |
| HWMHowmet Aerospace Inc | March 31, 2024 | +292.9% | $12.8M |
| GEVGe Vernova Inc | March 31, 2025 | +284.8% | $19.0M |
| LLYEli Lilly & Co | June 30, 2022 | +270.0% | $10.7M |
| JPMJpmorgan Chase & Co | June 30, 2020 | +248.0% | $8.2M |
Sold off last quarter
- Spotify Technology S ACUSIP L8681T102 was $4.8M
- SFStifel Finl Corp was $4.4M
- Honeywell Intl IncCUSIP 438516106 was $814K
- TSCOTractor Supply Co was $444K
- PGProcter & Gamble Co was $251K
- TDGTransdigm Group Inc was $223K
- BBAIBigbear Ai Hldgs Inc was $73K
- SOUNSoundhound Ai Inc was $69K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +15.2% | +14.8% |
| March 31, 2026 | −6.8% | −4.6% |
| December 31, 2025 | −1.4% | +2.4% |
| September 30, 2025 | +7.6% | +7.8% |
| June 30, 2025 | +20.5% | +10.5% |
| March 31, 2025 | −9.4% | −4.6% |
| December 31, 2024 | +3.1% | +2.1% |
| September 30, 2024 | +1.9% | +5.4% |
| June 30, 2024 | +6.9% | +4.0% |
| March 31, 2024 | +13.5% | +10.0% |
| December 31, 2023 | +13.5% | +11.2% |
| September 30, 2023 | −4.4% | −3.6% |
| June 30, 2023 | +10.9% | +8.3% |
| March 31, 2023 | +11.4% | +7.0% |
| December 31, 2022 | +3.3% | +7.1% |
| September 30, 2022 | −3.2% | −5.3% |
| June 30, 2022 | −21.5% | −16.5% |
| March 31, 2022 | −11.3% | −4.9% |
| December 31, 2021 | +9.3% | +10.7% |
| September 30, 2021 | +0.2% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Covenant Asset Management, LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1697717&type=13F-HR&dateb=&owner=include&count=40CIK 1697717
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1697717/000169771726000006/Filed July 20, 2026 · accession 0001697717-26-000006