Filed: 10/30/2025ACC: 0001697717-25-000012
📋 What this filing means
COVENANT ASSET MANAGEMENT, LLC filed this quarterly 13F‑HR report disclosing 162 equity positions with a total reported market value of $884.66M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
162
Positions
$884.66M
Total AUM (reported)
3.34M
Total Shares
Allocation by class
COM$357.36M40.4%
PUT$337.79M38.2%
COM NEW$24.62M2.8%
COM CL A$23.45M2.7%
CL A$19.06M2.2%
CALL$17.22M1.9%
CL A SUB VTG SHS$14.41M1.6%
Portfolio Concentration
Top 3$327.53M37.0%
4–10$152.27M17.2%
11–25$143.71M16.2%
Rest$261.15M29.5%
Top 3 weight
37.0%
Top 10 weight
54.2%
Voting Authority Distribution
Total shares with voting rights: 3.34M
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
3.34M
shares
% of voting shares100.0%
Investment Discretion (by position count)
Sole162
Shared0
Other0
Dominant voting typeNone · 100.0% of voting shares
Institutional Holdings162
Rows:
INVESCO QQQ TR
SOLEShares250K
TypePRN
Market value$150.09M
16.97%
Sole
0.00
Shared
0.00
None
250K
BOOKING HOLDINGS INC
SOLEShares24K
TypePRN
Market value$129.58M
14.65%
Sole
0.00
Shared
0.00
None
24K
NVIDIA CORPORATION
SOLEShares256.47K
TypeSH
Market value$47.85M
5.41%
Sole
0.00
Shared
0.00
None
256.47K
MICROSOFT CORP
SOLEShares67.84K
TypeSH
Market value$35.14M
3.97%
Sole
0.00
Shared
0.00
None
67.84K
MERCADOLIBRE INC
SOLEShares11K
TypePRN
Market value$25.71M
2.91%
Sole
0.00
Shared
0.00
None
11K
BROADCOM INC
SOLEShares72.62K
TypeSH
Market value$23.96M
2.71%
Sole
0.00
Shared
0.00
None
72.62K
APPLE INC
SOLEShares83.08K
TypeSH
Market value$21.16M
2.39%
Sole
0.00
Shared
0.00
None
83.08K
AMAZON COM INC
SOLEShares80.31K
TypeSH
Market value$17.63M
1.99%
Sole
0.00
Shared
0.00
None
80.31K
SHOPIFY INC
SOLEShares96.99K
TypeSH
Market value$14.41M
1.63%
Sole
0.00
Shared
0.00
None
96.99K
META PLATFORMS INC
SOLEShares19.43K
TypeSH
Market value$14.27M
1.61%
Sole
0.00
Shared
0.00
None
19.43K
NETFLIX INC
SOLEShares10.91K
TypeSH
Market value$13.08M
1.48%
Sole
0.00
Shared
0.00
None
10.91K
ROBINHOOD MKTS INC
SOLEShares89.67K
TypeSH
Market value$12.84M
1.45%
Sole
0.00
Shared
0.00
None
89.67K
ARISTA NETWORKS INC
SOLEShares83.39K
TypeSH
Market value$12.15M
1.37%
Sole
0.00
Shared
0.00
None
83.39K
QUANTA SVCS INC
SOLEShares25.30K
TypeSH
Market value$10.48M
1.18%
Sole
0.00
Shared
0.00
None
25.30K
PALO ALTO NETWORKS INC
SOLEShares50.82K
TypeSH
Market value$10.35M
1.17%
Sole
0.00
Shared
0.00
None
50.82K
GE VERNOVA INC
SOLEShares16.46K
TypeSH
Market value$10.12M
1.14%
Sole
0.00
Shared
0.00
None
16.46K
HOWMET AEROSPACE INC
SOLEShares47.74K
TypeSH
Market value$9.37M
1.06%
Sole
0.00
Shared
0.00
None
47.74K
ALPHABET INC
SOLEShares37.26K
TypeSH
Market value$9.06M
1.02%
Sole
0.00
Shared
0.00
None
37.26K
NETFLIX INC
SOLEShares7.50K
TypePRN
Market value$8.99M
1.02%
Sole
0.00
Shared
0.00
None
7.50K
SPDR S&P 500 ETF TR
SOLEShares12.52K
TypeSH
Market value$8.34M
0.94%
Sole
0.00
Shared
0.00
None
12.52K
JPMORGAN CHASE & CO.
SOLEShares26.44K
TypeSH
Market value$8.34M
0.94%
Sole
0.00
Shared
0.00
None
26.44K
ASML HOLDING N V
SOLEShares8.32K
TypeSH
Market value$8.05M
0.91%
Sole
0.00
Shared
0.00
None
8.32K
KLA CORP
SOLEShares7.42K
TypeSH
Market value$8.00M
0.90%
Sole
0.00
Shared
0.00
None
7.42K
COSTCO WHSL CORP NEW
SOLEShares8K
TypePRN
Market value$7.41M
0.84%
Sole
0.00
Shared
0.00
None
8K
SERVICENOW INC
SOLEShares7.75K
TypeSH
Market value$7.13M
0.81%
Sole
0.00
Shared
0.00
None
7.75K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
INVESCO QQQ TRSOLE | PUT | 250K | PRN | $150.09M 16.97% | 0.00 | 0.00 | 250K |
BOOKING HOLDINGS INCSOLE | PUT | 24K | PRN | $129.58M 14.65% | 0.00 | 0.00 | 24K |
NVIDIA CORPORATIONSOLE | COM | 256.47K | SH | $47.85M 5.41% | 0.00 | 0.00 | 256.47K |
MICROSOFT CORPSOLE | COM | 67.84K | SH | $35.14M 3.97% | 0.00 | 0.00 | 67.84K |
MERCADOLIBRE INCSOLE | PUT | 11K | PRN | $25.71M 2.91% | 0.00 | 0.00 | 11K |
BROADCOM INCSOLE | COM | 72.62K | SH | $23.96M 2.71% | 0.00 | 0.00 | 72.62K |
APPLE INCSOLE | COM | 83.08K | SH | $21.16M 2.39% | 0.00 | 0.00 | 83.08K |
AMAZON COM INCSOLE | COM | 80.31K | SH | $17.63M 1.99% | 0.00 | 0.00 | 80.31K |
SHOPIFY INCSOLE | CL A SUB VTG SHS | 96.99K | SH | $14.41M 1.63% | 0.00 | 0.00 | 96.99K |
META PLATFORMS INCSOLE | CL A | 19.43K | SH | $14.27M 1.61% | 0.00 | 0.00 | 19.43K |
NETFLIX INCSOLE | COM | 10.91K | SH | $13.08M 1.48% | 0.00 | 0.00 | 10.91K |
ROBINHOOD MKTS INCSOLE | COM CL A | 89.67K | SH | $12.84M 1.45% | 0.00 | 0.00 | 89.67K |
ARISTA NETWORKS INCSOLE | COM SHS | 83.39K | SH | $12.15M 1.37% | 0.00 | 0.00 | 83.39K |
QUANTA SVCS INCSOLE | COM | 25.30K | SH | $10.48M 1.18% | 0.00 | 0.00 | 25.30K |
PALO ALTO NETWORKS INCSOLE | COM | 50.82K | SH | $10.35M 1.17% | 0.00 | 0.00 | 50.82K |
GE VERNOVA INCSOLE | COM | 16.46K | SH | $10.12M 1.14% | 0.00 | 0.00 | 16.46K |
HOWMET AEROSPACE INCSOLE | COM | 47.74K | SH | $9.37M 1.06% | 0.00 | 0.00 | 47.74K |
ALPHABET INCSOLE | CAP STK CL A | 37.26K | SH | $9.06M 1.02% | 0.00 | 0.00 | 37.26K |
NETFLIX INCSOLE | PUT | 7.50K | PRN | $8.99M 1.02% | 0.00 | 0.00 | 7.50K |
SPDR S&P 500 ETF TRSOLE | TR UNIT | 12.52K | SH | $8.34M 0.94% | 0.00 | 0.00 | 12.52K |
JPMORGAN CHASE & CO.SOLE | COM | 26.44K | SH | $8.34M 0.94% | 0.00 | 0.00 | 26.44K |
ASML HOLDING N VSOLE | N Y REGISTRY SHS | 8.32K | SH | $8.05M 0.91% | 0.00 | 0.00 | 8.32K |
KLA CORPSOLE | COM NEW | 7.42K | SH | $8.00M 0.90% | 0.00 | 0.00 | 7.42K |
COSTCO WHSL CORP NEWSOLE | PUT | 8K | PRN | $7.41M 0.84% | 0.00 | 0.00 | 8K |
SERVICENOW INCSOLE | COM | 7.75K | SH | $7.13M 0.81% | 0.00 | 0.00 | 7.75K |
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