COVENANT ASSET MANAGEMENT LLC
Q1 2024 Form 13-F
CHESTER, NEW JERSEY
CIK 0001697717
· CRD 108567
· SEC-registered investment adviser
$609.7M Reported Value Total
COVENANT ASSET MANAGEMENT, LLC reports 552 total accounts under management (AUM). There are 552 discretionary accounts valued at $494,361,326, and 0 non-discretionary accounts.
Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
Source: Form ADV filed 2026-03-19
Reported value
$609.7M
Quarter over quarter
+14.3%
Holdings
134
Top-10 concentration
47.2%
Key People
Form ADV owners & control persons
John C. Guarino
PRESIDENT AND CEO
William J. Cunliffe
CHIEF COMPLIANCE OFFICER AND PORTFOLIO MANAGER
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Q1 2024 13F record
Q1 2024 13F filing summary
| Period of report | March 31, 2024 |
|---|---|
| Filed | April 23, 2024 |
| Form | 13F-HR |
| Reported value | $609.7M |
| Positions | 134 |
| Change in reported value | +9.5% |
| New positions | 8 |
| Exited positions | 10 |
| Position turnover | 12.5% |
| Top-10 concentration | 47.2% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q3 2026 13F
Filed Oct 14, 2026
|
147 | $746.1M |
|
Q2 2026 13F
Filed Jul 20, 2026
|
145 | $594.6M |
|
Q1 2026 13F
Filed Apr 14, 2026
|
141 | $664.2M |
|
Q4 2025 13F
Filed Jan 30, 2026
|
140 | $844.4M |
|
Q3 2025 13F
Filed Oct 30, 2025
|
141 | $884.7M |
|
Q2 2025 13F
Filed Jul 17, 2025
|
140 | $676.6M |
|
Q1 2025 13F
Filed May 5, 2025
|
134 | $454.1M |
|
Q4 2024 13F
Filed Jan 30, 2025
|
136 | $651.6M |
|
Q3 2024 13F
Filed Nov 12, 2024
|
141 | $636.0M |
|
Q2 2024 13F
Filed Aug 2, 2024
|
142 | $628.7M |
|
Q1 2024 13F
Filed Apr 23, 2024
|
134 | $609.7M |
|
Q4 2023 13F
Filed Jan 22, 2024
|
136 | $556.6M |
|
Q3 2023 13F
Filed Oct 31, 2023
|
136 | $379.3M |
|
Q2 2023 13F
Filed Jul 12, 2023
|
136 | $394.1M |
|
Q1 2023 13F
Filed Apr 27, 2023
|
143 | $420.3M |
|
Q4 2022 13F
Filed Jan 24, 2023
|
142 | $418.9M |
|
Q3 2022 13F
Filed Nov 3, 2022
|
130 | $350.8M |
|
Q2 2022 13F
Filed Jul 21, 2022
|
133 | $314.8M |
|
Q1 2022 13F
Filed Apr 29, 2022
|
135 | $370.2M |
|
Q4 2021 13F
Filed Jan 26, 2022
|
131 | $376.3M |
20 earlier quarters on file — choose one from the quarter menu above.
Top 20 holdings · Q1 2024
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | CMG P CHIPOTLE MEXICAN GRILL INC | $74.1M | 12.16% |
| 2 | AVGO P BROADCOM INC | $43.1M | 7.07% |
| 3 | MSFT MICROSOFT CORP | $30.8M | 5.05% |
| 4 | NVDA NVIDIA CORPORATION | $29.3M | 4.8% |
| 5 | CMG C CHIPOTLE MEXICAN GRILL INC | $24.7M | 4.05% |
| 6 | SPY P SPDR S&P 500 ETF TR | $22.2M | 3.65% |
| 7 | AAPL APPLE INC | $16.9M | 2.77% |
| 8 | AMZN AMAZON COM INC | $16.3M | 2.67% |
| 9 | REGN P REGENERON PHARMACEUTICALS | $15.4M | 2.53% |
| 10 | NOW P SERVICENOW INC | $15.2M | 2.5% |
| 11 | TTD THE TRADE DESK INC | $12.1M | 1.99% |
| 12 | AVGO BROADCOM INC | $9.8M | 1.61% |
| 13 | META META PLATFORMS INC | $9.5M | 1.56% |
| 14 | LLY ELI LILLY & CO | $9.3M | 1.53% |
| 15 | GOOGL ALPHABET INC | $9.0M | 1.48% |
| 16 | AMD ADVANCED MICRO DEVICES INC | $8.2M | 1.35% |
| 17 | SHOP SHOPIFY INC | $8.1M | 1.33% |
| 18 | ASML ASML HOLDING N V | $7.9M | 1.3% |
| 19 | MRK MERCK & CO INC | $7.9M | 1.3% |
| 20 | QCOM QUALCOMM INC | $7.6M | 1.25% |
Values as reported on the Q1 2024 Form 13F. Every position is in the holdings table below.