Filed: 1/30/2025ACC: 0001697717-25-000002
📋 What this filing means
COVENANT ASSET MANAGEMENT, LLC filed this quarterly 13F‑HR report disclosing 165 equity positions with a total reported market value of $651.59M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
165
Positions
$651.59M
Total AUM (reported)
4.16M
Total Shares
Allocation by class
COM$311.96M47.9%
PUT$185.57M28.5%
CL A$25.04M3.8%
COM CL A$18.86M2.9%
COM NEW$17.92M2.8%
CALL$15.26M2.3%
COM SHS$11.12M1.7%
Portfolio Concentration
Top 3$138.91M21.3%
4–10$152.05M23.3%
11–25$117.09M18.0%
Rest$243.54M37.4%
Top 3 weight
21.3%
Top 10 weight
44.7%
Voting Authority Distribution
Total shares with voting rights: 4.16M
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
4.16M
shares
% of voting shares100.0%
Investment Discretion (by position count)
Sole165
Shared0
Other0
Dominant voting typeNone · 100.0% of voting shares
Institutional Holdings165
Rows:
CHIPOTLE MEXICAN GRILL INC
SOLEShares900K
TypePRN
Market value$54.27M
8.33%
Sole
0.00
Shared
0.00
None
900K
BROADCOM INC
SOLEShares200K
TypePRN
Market value$46.37M
7.12%
Sole
0.00
Shared
0.00
None
200K
NVIDIA CORPORATION
SOLEShares285.03K
TypeSH
Market value$38.28M
5.87%
Sole
0.00
Shared
0.00
None
285.03K
SERVICENOW INC
SOLEShares36K
TypePRN
Market value$38.16M
5.86%
Sole
0.00
Shared
0.00
None
36K
MICROSOFT CORP
SOLEShares69.88K
TypeSH
Market value$29.45M
4.52%
Sole
0.00
Shared
0.00
None
69.88K
APPLE INC
SOLEShares93.43K
TypeSH
Market value$23.40M
3.59%
Sole
0.00
Shared
0.00
None
93.43K
AMAZON COM INC
SOLEShares81.74K
TypeSH
Market value$17.93M
2.75%
Sole
0.00
Shared
0.00
None
81.74K
BROADCOM INC
SOLEShares70.70K
TypeSH
Market value$16.39M
2.52%
Sole
0.00
Shared
0.00
None
70.70K
THE TRADE DESK INC
SOLEShares132.65K
TypeSH
Market value$15.59M
2.39%
Sole
0.00
Shared
0.00
None
132.65K
ARISTA NETWORKS INC
SOLEShares100.61K
TypeSH
Market value$11.12M
1.71%
Sole
0.00
Shared
0.00
None
100.61K
META PLATFORMS INC
SOLEShares18.62K
TypeSH
Market value$10.90M
1.67%
Sole
0.00
Shared
0.00
None
18.62K
ALPHABET INC
SOLEShares54.93K
TypeSH
Market value$10.40M
1.60%
Sole
0.00
Shared
0.00
None
54.93K
SHOPIFY INC
SOLEShares95.68K
TypeSH
Market value$10.17M
1.56%
Sole
0.00
Shared
0.00
None
95.68K
NETFLIX INC
SOLEShares10.39K
TypeSH
Market value$9.26M
1.42%
Sole
0.00
Shared
0.00
None
10.39K
PALO ALTO NETWORKS INC
SOLEShares50.85K
TypeSH
Market value$9.25M
1.42%
Sole
0.00
Shared
0.00
None
50.85K
ELI LILLY & CO
SOLEShares11.55K
TypeSH
Market value$8.91M
1.37%
Sole
0.00
Shared
0.00
None
11.55K
QUANTA SVCS INC
SOLEShares25.66K
TypeSH
Market value$8.11M
1.24%
Sole
0.00
Shared
0.00
None
25.66K
SERVICENOW INC
SOLEShares7.16K
TypeSH
Market value$7.59M
1.16%
Sole
0.00
Shared
0.00
None
7.16K
SPDR S&P 500 ETF TR
SOLEShares11.09K
TypeSH
Market value$6.50M
1.00%
Sole
0.00
Shared
0.00
None
11.09K
JPMORGAN CHASE & CO.
SOLEShares26.61K
TypeSH
Market value$6.38M
0.98%
Sole
0.00
Shared
0.00
None
26.61K
TRANSDIGM GROUP INC
SOLEShares5K
TypePRN
Market value$6.34M
0.97%
Sole
0.00
Shared
0.00
None
5K
QUALCOMM INC
SOLEShares38.61K
TypeSH
Market value$5.93M
0.91%
Sole
0.00
Shared
0.00
None
38.61K
SYNOPSYS INC
SOLEShares12.15K
TypeSH
Market value$5.90M
0.90%
Sole
0.00
Shared
0.00
None
12.15K
MERCK & CO INC
SOLEShares57.84K
TypeSH
Market value$5.75M
0.88%
Sole
0.00
Shared
0.00
None
57.84K
INTUITIVE SURGICAL INC
SOLEShares10.91K
TypeSH
Market value$5.69M
0.87%
Sole
0.00
Shared
0.00
None
10.91K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
CHIPOTLE MEXICAN GRILL INCSOLE | PUT | 900K | PRN | $54.27M 8.33% | 0.00 | 0.00 | 900K |
BROADCOM INCSOLE | PUT | 200K | PRN | $46.37M 7.12% | 0.00 | 0.00 | 200K |
NVIDIA CORPORATIONSOLE | COM | 285.03K | SH | $38.28M 5.87% | 0.00 | 0.00 | 285.03K |
SERVICENOW INCSOLE | PUT | 36K | PRN | $38.16M 5.86% | 0.00 | 0.00 | 36K |
MICROSOFT CORPSOLE | COM | 69.88K | SH | $29.45M 4.52% | 0.00 | 0.00 | 69.88K |
APPLE INCSOLE | COM | 93.43K | SH | $23.40M 3.59% | 0.00 | 0.00 | 93.43K |
AMAZON COM INCSOLE | COM | 81.74K | SH | $17.93M 2.75% | 0.00 | 0.00 | 81.74K |
BROADCOM INCSOLE | COM | 70.70K | SH | $16.39M 2.52% | 0.00 | 0.00 | 70.70K |
THE TRADE DESK INCSOLE | COM CL A | 132.65K | SH | $15.59M 2.39% | 0.00 | 0.00 | 132.65K |
ARISTA NETWORKS INCSOLE | COM SHS | 100.61K | SH | $11.12M 1.71% | 0.00 | 0.00 | 100.61K |
META PLATFORMS INCSOLE | CL A | 18.62K | SH | $10.90M 1.67% | 0.00 | 0.00 | 18.62K |
ALPHABET INCSOLE | CAP STK CL A | 54.93K | SH | $10.40M 1.60% | 0.00 | 0.00 | 54.93K |
SHOPIFY INCSOLE | CL A | 95.68K | SH | $10.17M 1.56% | 0.00 | 0.00 | 95.68K |
NETFLIX INCSOLE | COM | 10.39K | SH | $9.26M 1.42% | 0.00 | 0.00 | 10.39K |
PALO ALTO NETWORKS INCSOLE | COM | 50.85K | SH | $9.25M 1.42% | 0.00 | 0.00 | 50.85K |
ELI LILLY & COSOLE | COM | 11.55K | SH | $8.91M 1.37% | 0.00 | 0.00 | 11.55K |
QUANTA SVCS INCSOLE | COM | 25.66K | SH | $8.11M 1.24% | 0.00 | 0.00 | 25.66K |
SERVICENOW INCSOLE | COM | 7.16K | SH | $7.59M 1.16% | 0.00 | 0.00 | 7.16K |
SPDR S&P 500 ETF TRSOLE | TR UNIT | 11.09K | SH | $6.50M 1.00% | 0.00 | 0.00 | 11.09K |
JPMORGAN CHASE & CO.SOLE | COM | 26.61K | SH | $6.38M 0.98% | 0.00 | 0.00 | 26.61K |
TRANSDIGM GROUP INCSOLE | PUT | 5K | PRN | $6.34M 0.97% | 0.00 | 0.00 | 5K |
QUALCOMM INCSOLE | COM | 38.61K | SH | $5.93M 0.91% | 0.00 | 0.00 | 38.61K |
SYNOPSYS INCSOLE | COM | 12.15K | SH | $5.90M 0.90% | 0.00 | 0.00 | 12.15K |
MERCK & CO INCSOLE | COM | 57.84K | SH | $5.75M 0.88% | 0.00 | 0.00 | 57.84K |
INTUITIVE SURGICAL INCSOLE | COM NEW | 10.91K | SH | $5.69M 0.87% | 0.00 | 0.00 | 10.91K |
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