Covenant Asset Management, LLC

Q4 2025 13F-HR Holdings

Location
Chester, NJ
Holdings as of
12/31/2025
Date filed
1/30/2026
Form type
13F-HR
Num holdings
164
Total value ($000)
$844,355
Net value change ($000)
-40,304 (-4.6%)
New positions
10
Sold out positions
11
Turnover %
8.7%
Sector allocation + QoQ delta (equities-only)
Prev filing: 10/30/2025 Next filing: 4/14/2026 SEC filing

Snapshot: Change Analysis

Compared to Q3 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)
W 4,403 NEW
TSLA 3,759 84.1%
EL 3,634 NEW
IBKR 3,028 NEW
GOOGL 2,762 30.5%
AGX 2,748 NEW
LLY 2,734 40.5%
SOFI 2,551 118.2%
ADI 2,500 NEW
CRDO 2,194 NEW
Top Reduces (Value $000, Stocks/ETFs)
MELI -5,821 -100.0%
LNG -5,792 -100.0%
RH -5,518 -84.6%
SE -5,255 -100.0%
NOW -3,935 -55.2%
KKR -3,876 -100.0%
NFLX -2,781 -21.3%
HOOD -2,653 -20.7%
DASH -2,283 -100.0%
ORCL -2,141 -33.5%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 325,465 (38.5% 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