Covenant Asset Management, LLC

13F filer, CIK 1697717, CHESTER, NJ

Covenant Asset Management, LLC reported $651,592,723 across 165 holdings for the quarter ended 2024-12-31, in a 13F-HR filed 2025-01-30. Its ten largest share positions make up 40.74% of the portfolio.

Filed 2025-01-30 (acceptance time not in the bulk data set), ingested 2026-10-07 18:25:55 UTC13F-HR 0001697717-25-000002

Period: 2024-12-31
Reported value: $652M
Holdings: 165
Top 10 weight: 40.74%
New: 21
Sold out: 20

Largest buys vs the previous quarter

Security	Shares change	Approx. value
ANETnew	+100,613	$11.1M
PANWadded	+25,143	$4.57M
SYKnew	+10,757	$3.87M
TSMnew	+18,600	$3.67M
BSXnew	+38,120	$3.4M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

Security	Shares change	Approx. value
ARISTA NETWORKS INCexited	-23,137	-$8.88M
REGNreduced	-5,445	-$3.88M
FANGexited	-18,772	-$3.24M
BLACKROCK INCexited	-2,787	-$2.65M
AAPLreduced	-8,795	-$2.2M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q4 2024

Share positions as resolved from 13F-HR 0001697717-25-000002, largest first. % of portfolio is the value over $450,759,211, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Change	Timeline
NVDANVIDIA CORPORATION	285,031	$38.3M	8.49%	-15,423	Timeline
MSFTMICROSOFT CORP	69,878	$29.5M	6.53%	-2,660	Timeline
AAPLAPPLE INC	93,427	$23.4M	5.19%	-8,795	Timeline
AMZNAMAZON COM INC	81,738	$17.9M	3.98%	-743	Timeline
AVGOBROADCOM INC	70,697	$16.4M	3.64%	-2,590	Timeline
TTDTHE TRADE DESK INC	132,654	$15.6M	3.46%	-2,955	Timeline
ANETARISTA NETWORKS INC	100,613	$11.1M	2.47%	new	Timeline
METAMETA PLATFORMS INC	18,619	$10.9M	2.42%	-1,528	Timeline
GOOGLALPHABET INC	54,931	$10.4M	2.31%	-3,875	Timeline
SHOPSHOPIFY INC	95,678	$10.2M	2.26%	-3,427	Timeline
NFLXNETFLIX INC.	10,386	$9.26M	2.05%	-65	Timeline
PANWPALO ALTO NETWORKS INC	50,855	$9.25M	2.05%	+25,143	Timeline
LLYELI LILLY & CO	11,548	$8.91M	1.98%	-432	Timeline
PWRQUANTA SVCS INC	25,659	$8.11M	1.8%	-590	Timeline
NOWSERVICENOW INC	7,159	$7.59M	1.68%	-123	Timeline
SPYSTATE STR SPDR S&P 500 ETF T	11,089	$6.5M	1.44%	+205	Timeline
JPMJPMORGAN CHASE & CO	26,614	$6.38M	1.42%	-2,571	Timeline
QCOMQUALCOMM INC	38,613	$5.93M	1.32%	-1,791	Timeline
SNPSSYNOPSYS INC	12,148	$5.9M	1.31%	-327	Timeline
MRKMERCK & CO INC	57,843	$5.75M	1.28%	-2,076	Timeline
ISRGINTUITIVE SURGICAL INC	10,907	$5.69M	1.26%	-183	Timeline
ASMLASML HLDG NV	8,177	$5.67M	1.26%	+91	Timeline
HWMHOWMET AEROSPACE INC	48,692	$5.33M	1.18%	-1,101	Timeline
ADPAUTOMATIC DATA PROCESSING IN	17,915	$5.24M	1.16%	-562	Timeline
LNGCHENIERE ENERGY INC	24,070	$5.17M	1.15%	-164	Timeline
CMGCHIPOTLE MEXICAN GRILL INC	84,836	$5.12M	1.13%	-1,637	Timeline
AMDADVANCED MICRO DEVICES INC	42,108	$5.09M	1.13%	-14,369	Timeline
VRTXVERTEX PHARMACEUTICALS INC	12,627	$5.08M	1.13%	-137	Timeline
TDGTRANSDIGM GROUP INC	3,931	$4.98M	1.11%	-182	Timeline
ARMARM HOLDINGS PLC	38,866	$4.79M	1.06%	+6,554	Timeline
KLACKLA CORP	7,136	$4.5M	1%	-93	Timeline
JEFJEFFERIES FINANCIAL GROUP IN	53,539	$4.2M	0.93%	-677	Timeline
ABBVABBVIE INC	23,494	$4.17M	0.93%	-1,276	Timeline
QQQINVESCO QQQ TR	8,099	$4.14M	0.92%	-279	Timeline
SPOTSPOTIFY TECHNOLOGY S A	9,142	$4.09M	0.91%	+13	Timeline
DECKDECKERS OUTDOOR CORP	20,001	$4.06M	0.9%	-354	Timeline
COSTCOSTCO WHOLESALE CORPORATION	4,283	$3.92M	0.87%	-350	Timeline
UNHUNITEDHEALTH GROUP INC	7,733	$3.91M	0.87%	-276	Timeline
SYKSTRYKER CORPORATION	10,757	$3.87M	0.86%	new	Timeline
TSMTAIWAN SEMICONDUCTOR MANUFAC	18,600	$3.67M	0.81%	new	Timeline
TWTRADEWEB MKTS INC	26,381	$3.45M	0.77%	-348	Timeline
BSXBOSTON SCIENTIFIC CORP	38,120	$3.4M	0.76%	new	Timeline
UBERUBER TECHNOLOGIES INC	53,868	$3.25M	0.72%	+217	Timeline
ODFLOLD DOMINION FREIGHT LINE IN	17,850	$3.15M	0.7%	-11	Timeline
GOOGALPHABET INC	16,180	$3.08M	0.68%	0	Timeline
BLKBLACKROCK INC	2,731	$2.8M	0.62%	new	Timeline
ELFE L F BEAUTY INC	21,263	$2.67M	0.59%	-1,642	Timeline
INTUINTUIT	4,197	$2.64M	0.59%	-52	Timeline
WMWASTE MGMT INC DEL	12,989	$2.62M	0.58%	-265	Timeline
BXBLACKSTONE INC	14,641	$2.52M	0.56%	-904	Timeline
HDHOME DEPOT INC	6,240	$2.43M	0.54%	-1,033	Timeline
ORCLORACLE CORP	14,535	$2.42M	0.54%	-3,975	Timeline
VUGVANGUARD INDEX FDS	5,706	$2.34M	0.52%	+121	Timeline
JNJJOHNSON & JOHNSON	15,476	$2.24M	0.5%	-1,225	Timeline
MSMORGAN STANLEY	17,688	$2.22M	0.49%	-1,620	Timeline
VVISA INC	6,719	$2.12M	0.47%	-600	Timeline
VTVVANGUARD INDEX FDS	11,467	$1.94M	0.43%	-38	Timeline
EPDENTERPRISE PRODS PARTNERS L	58,646	$1.84M	0.41%	-4,958	Timeline
VNQVANGUARD INDEX FDS	19,644	$1.75M	0.39%	+1,016	Timeline
AMLPALPS ETF TR	34,636	$1.67M	0.37%	+19,009	Timeline
HYTBLACKROCK CORPOR HI YLD FD I	166,898	$1.64M	0.36%	+7,998	Timeline
MSTRSTRATEGY INC	5,550	$1.61M	0.36%	new	Timeline
TXNTEXAS INSTRS INC	8,405	$1.58M	0.35%	-15	Timeline
ETNEATON CORP PLC	4,741	$1.57M	0.35%	-224	Timeline
VLOVALERO ENERGY CORP	12,421	$1.52M	0.34%	-822	Timeline
APDAIR PRODUCTS AND CHEMICALS I	5,130	$1.49M	0.33%	-48	Timeline
CVXCHEVRON CORPORATION	10,248	$1.48M	0.33%	-867	Timeline
PTYPIMCO CORPORATE & INCOME OPP	102,368	$1.47M	0.33%	+1,632	Timeline
VTIVANGUARD INDEX FDS	5,050	$1.46M	0.32%	-142	Timeline
TMOTHERMO FISHER SCIENTIFIC INC	2,617	$1.36M	0.3%	0	Timeline
AMGNAMGEN INC	4,539	$1.18M	0.26%	-716	Timeline
COINCOINBASE GLOBAL INC	4,630	$1.15M	0.26%	-800	Timeline
FASTFASTENAL CO	15,959	$1.15M	0.25%	-719	Timeline
BACBANK OF AMER CORP	23,940	$1.05M	0.23%	-1,601	Timeline
AFLAFLAC INC	10,160	$1.05M	0.23%	0	Timeline
CATCATERPILLAR INC	2,875	$1.04M	0.23%	-21	Timeline
ADBEADOBE INC	2,338	$1.04M	0.23%	-2	Timeline
PAYXPAYCHEX INC	7,181	$1.01M	0.22%	0	Timeline
VOVANGUARD INDEX FDS	3,686	$974K	0.22%	-146	Timeline
RSPINVESCO EXCHANGE TRADED FD T	5,457	$956K	0.21%	+88	Timeline
SBUXSTARBUCKS CORP	10,176	$929K	0.21%	-1,193	Timeline
LHXL3HARRIS TECHNOLOGIES INC	4,252	$894K	0.2%	-221	Timeline
TSLATESLA INC	2,206	$891K	0.2%	+918	Timeline
HONHONEYWELL INTL INC	3,845	$869K	0.19%	-96	Timeline
DGSWISDOMTREE TR	15,437	$755K	0.17%	0	Timeline
RTXRTX CORPORATION	6,380	$738K	0.16%	0	Timeline
DHRDANAHER CORP DEL	2,992	$687K	0.15%	0	Timeline
AXPAMERICAN EXPRESS CO	2,261	$671K	0.15%	0	Timeline
IYRISHARES TR	7,187	$669K	0.15%	-50	Timeline
REGNREGENERON PHARMACEUTICALS	898	$640K	0.14%	-5,445	Timeline
VYMVANGUARD WHITEHALL FDS	4,981	$636K	0.14%	-4	Timeline
PWBINVESCO EXCHANGE TRADED FD T	6,062	$617K	0.14%	-53	Timeline
TSCOTRACTOR SUPPLY CO	11,585	$615K	0.14%	+9,038	Timeline
ETENERGY TRANSFER L P	31,360	$614K	0.14%	-23,599	Timeline
ABTABBOTT LABORATORIES	4,983	$564K	0.13%	0	Timeline
PEPPEPSICO INC	3,543	$539K	0.12%	-200	Timeline
VIGVANGUARD SPECIALIZED FUNDS	2,717	$532K	0.12%	+125	Timeline
TJXTJX COS INC NEW	4,363	$527K	0.12%	-396	Timeline
URIUNITED RENTALS INC	700	$493K	0.11%	new	Timeline
DGRWWISDOMTREE TR	6,009	$486K	0.11%	+75	Timeline
OKEONEOK INC NEW	4,645	$466K	0.1%	+276	Timeline
PGPROCTER & GAMBLE CO	2,716	$455K	0.1%	-500	Timeline
SEDGSOLAREDGE TECHNOLOGIES INC	31,800	$432K	0.1%	-20,500	Timeline
MUBISHARES TR	3,974	$423K	0.09%	+1,355	Timeline
BTTBLACKROCK MUN TARGET TERM TR	20,350	$419K	0.09%	0	Timeline
ALABASTERA LABS INC	3,058	$405K	0.09%	new	Timeline
LMTLOCKHEED MARTIN CORP	799	$388K	0.09%	-10	Timeline
CQPCHENIERE ENERGY PARTNERS L P	7,295	$388K	0.09%	0	Timeline
UNPUNION PAC CORP	1,655	$377K	0.08%	0	Timeline
CARRCARRIER GLOBAL CORPORATION	5,500	$375K	0.08%	0	Timeline
NEENEXTERA ENERGY INC	4,985	$357K	0.08%	-45	Timeline
MKCMCCORMICK & CO INC	4,430	$338K	0.07%	0	Timeline
TDTORONTO DOMINION BK ONT	6,342	$338K	0.07%	0	Timeline
WELLWELLTOWER INC	2,659	$335K	0.07%	-54	Timeline
VOOVANGUARD INDEX FDS	615	$331K	0.07%	-539	Timeline
AMJBJPMORGAN CHASE FINL CO LLC	10,789	$318K	0.07%	0	Timeline
XYZBLOCK INC	3,704	$315K	0.07%	-311	Timeline
VBVANGUARD INDEX FDS	1,285	$309K	0.07%	-24	Timeline
GSGOLDMAN SACHS GROUP INC	537	$307K	0.07%	-200	Timeline
MPWRMONOLITHIC PWR SYS INC	493	$292K	0.06%	-249	Timeline
AZNASTRAZENECA PLC-SPONS ADR	4,346	$285K	0.06%	-712	Timeline
SDYSPDR SERIES TRUST	2,123	$280K	0.06%	-4,512	Timeline
WSMWILLIAMS SONOMA INC	1,510	$280K	0.06%	0	Timeline
BMYBRISTOL-MYERS SQUIBB CO	4,924	$279K	0.06%	new	Timeline
XBISPDR SERIES TRUST	2,843	$256K	0.06%	0	Timeline
PLDPROLOGIS INC.	2,406	$254K	0.06%	-1	Timeline
VCSHVANGUARD SCOTTSDALE FDS	3,116	$243K	0.05%	0	Timeline
HFXINYLIM ETF TR	8,967	$234K	0.05%	0	Timeline
GCCWISDOMTREE TR	12,325	$232K	0.05%	-605	Timeline
IJHISHARES TR	3,640	$227K	0.05%	0	Timeline
CEFSPROTT ASSET MANAGEMENT LP	9,146	$217K	0.05%	0	Timeline
SCHDSCHWAB STRATEGIC TR	7,749	$212K	0.05%	+5,166	Timeline
VZVERIZON COMMUNICATIONS INC	5,272	$211K	0.05%	-2,832	Timeline
HDVISHARES TR	1,818	$204K	0.05%	-204	Timeline
PLTRPALANTIR TECHNOLOGIES INC	2,654	$201K	0.04%	new	Timeline
BLACKROCK MUNICIPAL INCOME …BLACKROCK MUNICIPAL INCOME QUA	11,875	$129K	0.03%	-12,350

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

Security	Type	Amount	Value	Change
CMGCHIPOTLE MEXICAN GRILL INC STOK	put	900,000	$54.3M	0
AVGOBROADCOM INC COM	put	200,000	$46.4M	-10,000
NOWSERVICENOW INC COM	put	36,000	$38.2M	+11,000
TDGTRANSDIGM GROUP INC Stock	put	5,000	$6.34M	0
ASMLASML HLDG NV STOK	put	7,500	$5.2M	-2,500
BLKBLACKROCK INC COM	put	5,000	$5.13M	new
KLACKLA CORP COM	put	7,500	$4.73M	new
KLACKLA CORP COM	call	7,500	$4.73M	new
COSTCOSTCO WHOLESALE CORPORATION COM	put	5,000	$4.58M	0
NFLXNETFLIX INC. COM	put	5,000	$4.46M	new
SNPSSYNOPSYS INC Stock	put	9,000	$4.37M	new
LLYELI LILLY & CO COM	put	5,000	$3.86M	0
REGNREGENERON PHARMACEUTICALS Stock	put	5,000	$3.56M	-5,000
METAMETA PLATFORMS INC COM	put	5,000	$2.93M	new
NVDANVIDIA CORPORATION COM	call	17,000	$2.28M	-29,500
AMZNAMAZON COM INC COM	call	8,000	$1.76M	0
GOOGLALPHABET INC COM	call	6,000	$1.14M	0
ARMARM HOLDINGS PLC SPONSORED ADS	put	8,700	$1.07M	new
NOWSERVICENOW INC COM	call	1,000	$1.06M	new
SBUXSTARBUCKS CORP COM	call	10,000	$912K	0
SHOPSHOPIFY INC CL A SUB VTG SHS	call	8,000	$851K	0
TTDTHE TRADE DESK INC STOK	call	5,000	$588K	0
JPMJPMORGAN CHASE & CO COM	call	2,000	$479K	0
SEDGSOLAREDGE TECHNOLOGIES INC COM	call	31,400	$427K	+21,400
MSFTMICROSOFT CORP COM	put	1,000	$422K	new
MSFTMICROSOFT CORP COM	call	1,000	$422K	new
ARMARM HOLDINGS PLC SPONSORED ADS	call	3,000	$370K	new
AAPLAPPLE INC COM	call	1,000	$250K	0
SEDGSOLAREDGE TECHNOLOGIES INC COM	put	10,000	$136K	0

Sold out in Q4 2024

Positions in the previous quarter's report that this quarter's report no longer lists.

Security	Shares before	Value before	Type
QQQINVESCO QQQ TR	25,000	$12.2M	put
ARISTA NETWORKS INCARISTA NETWORKS INC	23,137	$8.88M	shares
SPYSTATE STR SPDR S&P 500 ETF T	12,500	$7.17M	put
DECKDECKERS OUTDOOR CORP	30,000	$4.78M	put
FANGDIAMONDBACK ENERGY INC	18,772	$3.24M	shares
BLACKROCK INCBLACKROCK INC	2,787	$2.65M	shares
NVDANVIDIA CORPORATION	20,000	$2.43M	put
AVGOBROADCOM INC	10,000	$1.73M	call
GSLCGOLDMAN SACHS ETF TR	7,540	$852K	shares
SPLVINVESCO EXCH TRADED FD TR II	9,082	$651K	shares
FVDFIRST TR EXCHANGE-TRADED FD	13,385	$609K	shares
NXPINXP SEMICONDUCTORS N V	2,063	$495K	shares
IWFISHARES TR	985	$370K	shares
JHMMJOHN HANCOCK EXCHANGE TRADED	6,050	$364K	shares
PAAPLAINS ALL AMERN PIPELINE L	20,136	$350K	shares
RDVYFIRST TR EXCHANGE TRADED FD	4,459	$264K	shares
VONGVANGUARD SCOTTSDALE FDS	2,500	$241K	shares
ARKKARK ETF TR	4,647	$221K	shares
KNGFIRST TR EXCHANGE-TRADED FD	4,000	$218K	shares
SDVYFIRST TR EXCHANGE TRADED FD	5,900	$215K	shares

How Q4 2024 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

Filing	Role	Amendment	Filed	Accepted	Ingested
13F-HR 0001697717-25-000002	base		2025-01-30	acceptance time not in the bulk data set	2026-10-07 18:25:55 UTC