Covenant Asset Management, LLC — 13F Holdings & Portfolio
CIK 1697717 · latest 13F-HR filed 2026-04-14
Covenant Asset Management, LLC manages $664.2M in 13F-reported U.S. long-equity assets across 165 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are NVDA (6.47%), MPWR (3.87%), MSFT (3.72%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 12 new positions, exited 11, added to 45, and trimmed 47.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
$664.2M
Long-equity book
165
Distinct positions
2026-03-31
Filed 2026-04-14
+12 / −11 / ↑45 / ↓47
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- GE VERNOVA INC$3.8M +35.0%
- ANALOG DEVICES INC$3.4M +137.5%
- QUANTA SVCS INC$3.3M +31.3%
- PALANTIR TECHNOLOGIES INC$2.7M +120.6%
- ASML HLDG NV$2.2M +24.6%
Top Trims
- MICROSOFT CORP-$8.3M -25.2%
- BROADCOM INC-$7.7M -30.9%
- PALO ALTO NETWORKS INC-$7.7M -82.7%
- TRANSDIGM GROUP INC-$5.0M -95.8%
- ARISTA NETWORKS INC-$4.9M -44.7%
New Positions
- ASTRAZENECA PLC$8.6M
- TAIWAN SEMICONDUCTOR MANUFAC$7.2M
- RBC BEARINGS INC$5.1M
- OLD DOMINION FREIGHT LINE IN$5.1M
- CBOE GLOBAL MKTS INC$4.8M
Exited Positions
- SOFI TECHNOLOGIES INC$4.7M
- UBER TECHNOLOGIES INC$4.6M
- WAYFAIR INC$4.4M
- THE TRADE DESK INC$4.4M
- BOSTON SCIENTIFIC CORP$3.8M
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | NVIDIA CORPORATION | NVDA | 67066G104 | $43.0M | 6.47% | 246,595 | SH |
| 2 | MONOLITHIC PWR SYS INC Put | MPWR | 609839105 | $25.7M | 3.87% | 23,500 | PRN |
| 3 | MICROSOFT CORP | MSFT | 594918104 | $24.7M | 3.72% | 66,765 | SH |
| 4 | INVESCO QQQ TR Put | QQQ | 46090E103 | $24.5M | 3.69% | 42,500 | PRN |
| 5 | APPLE INC | AAPL | 037833100 | $21.1M | 3.18% | 83,181 | SH |
| 6 | ASML HLDG NV Put | ASML | N07059210 | $19.8M | 2.98% | 15,000 | PRN |
| 7 | INVESCO QQQ TR Call | QQQ | 46090E103 | $17.3M | 2.61% | 30,000 | PRN |
| 8 | BROADCOM INC | AVGO | 11135F101 | $17.2M | 2.59% | 55,487 | SH |
| 9 | AMAZON COM INC | AMZN | 023135106 | $16.2M | 2.44% | 77,852 | SH |
| 10 | GE VERNOVA INC | GEV | 36828A101 | $14.7M | 2.22% | 16,871 | SH |
| 11 | QUANTA SVCS INC | PWR | 74762E102 | $13.9M | 2.10% | 25,383 | SH |
| 12 | ALPHABET INC | GOOGL | 02079K305 | $12.7M | 1.91% | 44,004 | SH |
| 13 | META PLATFORMS INC | META | 30303M102 | $11.4M | 1.72% | 19,952 | SH |
| 14 | HOWMET AEROSPACE INC | HWM | 443201108 | $11.2M | 1.69% | 48,572 | SH |
| 15 | SHOPIFY INC | SHOP | 82509L107 | $11.1M | 1.67% | 93,489 | SH |
| 16 | ASML HLDG NV | ASML | N07059210 | $11.0M | 1.66% | 8,360 | SH |
| 17 | KLA CORP | KLAC | 482480100 | $11.0M | 1.65% | 7,457 | SH |
| 18 | COSTCO WHOLESALE CORPORATION Put | COST | 22160K105 | $10.0M | 1.50% | 10,000 | PRN |
| 19 | NETFLIX INC. | NFLX | 64110L106 | $9.9M | 1.50% | 103,324 | SH |
| 20 | ELI LILLY & CO Put | LLY | 532457108 | $9.2M | 1.38% | 10,000 | PRN |
| 21 | BOOKING HOLDINGS INC Put | BKNG | 09857L108 | $8.8M | 1.33% | 2,100 | PRN |
| 22 | ASTRAZENECA PLC | AZN | G0593M107 | $8.6M | 1.30% | 43,855 | SH |
| 23 | CATERPILLAR INC Put | CAT | 149123101 | $8.5M | 1.28% | 12,000 | PRN |
| 24 | ELI LILLY & CO | LLY | 532457108 | $8.2M | 1.24% | 8,964 | SH |
| 25 | STATE STR SPDR S&P 500 ETF T | SPY | 78462F103 | $8.1M | 1.22% | 12,475 | SH |
| 26 | JPMORGAN CHASE & CO | JPM | 46625H100 | $7.6M | 1.15% | 25,905 | SH |
| 27 | KLA CORP Put | KLAC | 482480100 | $7.4M | 1.11% | 5,000 | PRN |
| 28 | GE VERNOVA INC Put | GEV | 36828A101 | $7.2M | 1.09% | 8,300 | PRN |
| 29 | TAIWAN SEMICONDUCTOR MANUFAC | TSM | 874039100 | $7.2M | 1.08% | 21,319 | SH |
| 30 | TESLA INC | TSLA | 88160R101 | $6.7M | 1.01% | 18,001 | SH |
| 31 | MERCK & CO INC | MRK | 58933Y105 | $6.7M | 1.00% | 55,320 | SH |
| 32 | GE AEROSPACE | GE | 369604301 | $6.3M | 0.95% | 22,283 | SH |
| 33 | ROBINHOOD MKTS INC | HOOD | 770700102 | $6.2M | 0.94% | 89,903 | SH |
| 34 | MERCADOLIBRE INC Put | MELI | 58733R102 | $6.1M | 0.91% | 3,500 | PRN |
| 35 | ARISTA NETWORKS INC | ANET | 040413205 | $6.1M | 0.91% | 49,278 | SH |
| 36 | ANALOG DEVICES INC | ADI | 032654105 | $5.9M | 0.89% | 18,662 | SH |
| 37 | META PLATFORMS INC Put | META | 30303M102 | $5.7M | 0.86% | 10,000 | PRN |
| 38 | AMERICAN EXPRESS CO | AXP | 025816109 | $5.7M | 0.85% | 18,770 | SH |
| 39 | GOLDMAN SACHS GROUP INC | GS | 38141G104 | $5.6M | 0.84% | 6,587 | SH |
| 40 | VERTEX PHARMACEUTICALS INC | VRTX | 92532F100 | $5.4M | 0.81% | 12,081 | SH |
| 41 | INVESCO QQQ TR | QQQ | 46090E103 | $5.3M | 0.81% | 9,266 | SH |
| 42 | RBC BEARINGS INC | RBC | 75524B104 | $5.1M | 0.77% | 9,434 | SH |
| 43 | OLD DOMINION FREIGHT LINE IN | ODFL | 679580100 | $5.1M | 0.77% | 26,008 | SH |
| 44 | BOOKING HOLDINGS INC Call | BKNG | 09857L108 | $5.1M | 0.76% | 1,200 | PRN |
| 45 | PALANTIR TECHNOLOGIES INC | PLTR | 69608A108 | $4.9M | 0.73% | 33,162 | SH |
| 46 | CBOE GLOBAL MKTS INC | CBOE | 12503M108 | $4.8M | 0.73% | 17,159 | SH |
| 47 | SPOTIFY TECHNOLOGY S A | SPOT | L8681T102 | $4.8M | 0.73% | 9,931 | SH |
| 48 | ARGAN INC | AGX | 04010E109 | $4.7M | 0.71% | 8,718 | SH |
| 49 | ABBVIE INC | ABBV | 00287Y109 | $4.6M | 0.70% | 21,258 | SH |
| 50 | CAPITAL ONE FINL CORP | COF | 14040H105 | $4.6M | 0.69% | 25,206 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-04-14 | $664.2M | 165 | 0001697717-26-000004 |
| 2025-12-31 | 2026-01-30 | $844.4M | 164 | 0001697717-26-000002 |