Covenant Asset Management, LLC

Q3 2025 13F-HR Holdings

Location
Chester, NJ
Holdings as of
9/30/2025
Date filed
10/30/2025
Form type
13F-HR
Num holdings
162
Total value ($000)
$884,659
Net value change ($000)
+208,072 (30.8%)
New positions
6
Sold out positions
5
Turnover %
2.7%
Sector allocation + QoQ delta (equities-only)
Prev filing: 7/17/2025 Next filing: 1/30/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
NVDA 7,116 17.5%
RH 4,689 255.8%
HOOD 4,393 52.0%
AVGO 3,692 18.2%
KKR 3,616 1390.8%
ANET 3,501 40.5%
ORCL 3,454 117.6%
AAPL 3,318 18.6%
SHOP 3,160 28.1%
SE 3,004 133.5%
Top Reduces (Value $000, Stocks/ETFs)
ISRG -5,100 -85.2%
SYK -4,262 -100.0%
HQY -3,893 -100.0%
TTD -3,137 -32.8%
QCOM -2,518 -42.1%
NFLX -1,442 -9.9%
NOW -873 -10.9%
TDG -744 -12.5%
VRTX -671 -12.4%
MELI -648 -10.0%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 355,008 (40.1% of total reported value)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type