Filed: 11/12/2024ACC: 0001697717-24-000011
📋 What this filing means
COVENANT ASSET MANAGEMENT, LLC filed this quarterly 13F‑HR report disclosing 164 equity positions with a total reported market value of $635.96M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
164
Positions
$635.96M
Total AUM (reported)
4.25M
Total Shares
Allocation by class
COM$327.94M51.6%
PUT$172.10M27.1%
CL A$23.05M3.6%
COM CL A$17.85M2.8%
COM NEW$17.82M2.8%
CALL$12.91M2.0%
CAP STK CL A$9.75M1.5%
Portfolio Concentration
Top 3$124.57M19.6%
4–10$132.47M20.8%
11–25$128.84M20.3%
Rest$250.08M39.3%
Top 3 weight
19.6%
Top 10 weight
40.4%
Voting Authority Distribution
Total shares with voting rights: 4.25M
Sole
Full voting authority
0.00
shares
% of voting shares0.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
4.25M
shares
% of voting shares100.0%
Investment Discretion (by position count)
Sole164
Shared0
Other0
Dominant voting typeNone · 100.0% of voting shares
Institutional Holdings164
Rows:
CHIPOTLE MEXICAN GRILL INC
SOLEShares900K
TypePRN
Market value$51.86M
8.15%
Sole
0.00
Shared
0.00
None
900K
NVIDIA CORPORATION
SOLEShares300.45K
TypeSH
Market value$36.49M
5.74%
Sole
0.00
Shared
0.00
None
300.45K
BROADCOM INC
SOLEShares210K
TypePRN
Market value$36.23M
5.70%
Sole
0.00
Shared
0.00
None
210K
MICROSOFT CORP
SOLEShares72.54K
TypeSH
Market value$31.21M
4.91%
Sole
0.00
Shared
0.00
None
72.54K
APPLE INC
SOLEShares102.22K
TypeSH
Market value$23.82M
3.75%
Sole
0.00
Shared
0.00
None
102.22K
SERVICENOW INC
SOLEShares25K
TypePRN
Market value$22.36M
3.52%
Sole
0.00
Shared
0.00
None
25K
AMAZON COM INC
SOLEShares82.48K
TypeSH
Market value$15.37M
2.42%
Sole
0.00
Shared
0.00
None
82.48K
THE TRADE DESK INC
SOLEShares135.61K
TypeSH
Market value$14.87M
2.34%
Sole
0.00
Shared
0.00
None
135.61K
BROADCOM INC
SOLEShares73.29K
TypeSH
Market value$12.64M
1.99%
Sole
0.00
Shared
0.00
None
73.29K
INVESCO QQQ TR
SOLEShares25K
TypePRN
Market value$12.20M
1.92%
Sole
0.00
Shared
0.00
None
25K
META PLATFORMS INC
SOLEShares20.15K
TypeSH
Market value$11.53M
1.81%
Sole
0.00
Shared
0.00
None
20.15K
ELI LILLY & CO
SOLEShares11.98K
TypeSH
Market value$10.61M
1.67%
Sole
0.00
Shared
0.00
None
11.98K
REGENERON PHARMACEUTICALS
SOLEShares10K
TypePRN
Market value$10.51M
1.65%
Sole
0.00
Shared
0.00
None
10K
ALPHABET INC
SOLEShares58.81K
TypeSH
Market value$9.75M
1.53%
Sole
0.00
Shared
0.00
None
58.81K
ADVANCED MICRO DEVICES INC
SOLEShares56.48K
TypeSH
Market value$9.27M
1.46%
Sole
0.00
Shared
0.00
None
56.48K
ARISTA NETWORKS INC
SOLEShares23.14K
TypeSH
Market value$8.88M
1.40%
Sole
0.00
Shared
0.00
None
23.14K
PALO ALTO NETWORKS INC
SOLEShares25.71K
TypeSH
Market value$8.79M
1.38%
Sole
0.00
Shared
0.00
None
25.71K
ASML HOLDING N V
SOLEShares10K
TypePRN
Market value$8.33M
1.31%
Sole
0.00
Shared
0.00
None
10K
SHOPIFY INC
SOLEShares99.11K
TypeSH
Market value$7.94M
1.25%
Sole
0.00
Shared
0.00
None
99.11K
QUANTA SVCS INC
SOLEShares26.25K
TypeSH
Market value$7.83M
1.23%
Sole
0.00
Shared
0.00
None
26.25K
NETFLIX INC
SOLEShares10.45K
TypeSH
Market value$7.41M
1.17%
Sole
0.00
Shared
0.00
None
10.45K
SPDR S&P 500 ETF TR
SOLEShares12.50K
TypePRN
Market value$7.17M
1.13%
Sole
0.00
Shared
0.00
None
12.50K
TRANSDIGM GROUP INC
SOLEShares5K
TypePRN
Market value$7.14M
1.12%
Sole
0.00
Shared
0.00
None
5K
QUALCOMM INC
SOLEShares40.40K
TypeSH
Market value$6.87M
1.08%
Sole
0.00
Shared
0.00
None
40.40K
MERCK & CO INC
SOLEShares59.92K
TypeSH
Market value$6.80M
1.07%
Sole
0.00
Shared
0.00
None
59.92K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
CHIPOTLE MEXICAN GRILL INCSOLE | PUT | 900K | PRN | $51.86M 8.15% | 0.00 | 0.00 | 900K |
NVIDIA CORPORATIONSOLE | COM | 300.45K | SH | $36.49M 5.74% | 0.00 | 0.00 | 300.45K |
BROADCOM INCSOLE | PUT | 210K | PRN | $36.23M 5.70% | 0.00 | 0.00 | 210K |
MICROSOFT CORPSOLE | COM | 72.54K | SH | $31.21M 4.91% | 0.00 | 0.00 | 72.54K |
APPLE INCSOLE | COM | 102.22K | SH | $23.82M 3.75% | 0.00 | 0.00 | 102.22K |
SERVICENOW INCSOLE | PUT | 25K | PRN | $22.36M 3.52% | 0.00 | 0.00 | 25K |
AMAZON COM INCSOLE | COM | 82.48K | SH | $15.37M 2.42% | 0.00 | 0.00 | 82.48K |
THE TRADE DESK INCSOLE | COM CL A | 135.61K | SH | $14.87M 2.34% | 0.00 | 0.00 | 135.61K |
BROADCOM INCSOLE | COM | 73.29K | SH | $12.64M 1.99% | 0.00 | 0.00 | 73.29K |
INVESCO QQQ TRSOLE | PUT | 25K | PRN | $12.20M 1.92% | 0.00 | 0.00 | 25K |
META PLATFORMS INCSOLE | CL A | 20.15K | SH | $11.53M 1.81% | 0.00 | 0.00 | 20.15K |
ELI LILLY & COSOLE | COM | 11.98K | SH | $10.61M 1.67% | 0.00 | 0.00 | 11.98K |
REGENERON PHARMACEUTICALSSOLE | PUT | 10K | PRN | $10.51M 1.65% | 0.00 | 0.00 | 10K |
ALPHABET INCSOLE | CAP STK CL A | 58.81K | SH | $9.75M 1.53% | 0.00 | 0.00 | 58.81K |
ADVANCED MICRO DEVICES INCSOLE | COM | 56.48K | SH | $9.27M 1.46% | 0.00 | 0.00 | 56.48K |
ARISTA NETWORKS INCSOLE | COM | 23.14K | SH | $8.88M 1.40% | 0.00 | 0.00 | 23.14K |
PALO ALTO NETWORKS INCSOLE | COM | 25.71K | SH | $8.79M 1.38% | 0.00 | 0.00 | 25.71K |
ASML HOLDING N VSOLE | PUT | 10K | PRN | $8.33M 1.31% | 0.00 | 0.00 | 10K |
SHOPIFY INCSOLE | CL A | 99.11K | SH | $7.94M 1.25% | 0.00 | 0.00 | 99.11K |
QUANTA SVCS INCSOLE | COM | 26.25K | SH | $7.83M 1.23% | 0.00 | 0.00 | 26.25K |
NETFLIX INCSOLE | COM | 10.45K | SH | $7.41M 1.17% | 0.00 | 0.00 | 10.45K |
SPDR S&P 500 ETF TRSOLE | PUT | 12.50K | PRN | $7.17M 1.13% | 0.00 | 0.00 | 12.50K |
TRANSDIGM GROUP INCSOLE | PUT | 5K | PRN | $7.14M 1.12% | 0.00 | 0.00 | 5K |
QUALCOMM INCSOLE | COM | 40.40K | SH | $6.87M 1.08% | 0.00 | 0.00 | 40.40K |
MERCK & CO INCSOLE | COM | 59.92K | SH | $6.80M 1.07% | 0.00 | 0.00 | 59.92K |
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