DaveManuel.com · Institutional Ownership · 13F Holdings
Covenant Asset Management, LLC
Reported holdings as of Q3 2026, from 32 quarterly filings.
Holdings
Download these holdings as CSV
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| INVESCO QQQ TR PUT | QQQ | $154.4M | 8,758 | +19.62pp | 32q | HELD | |
| NVIDIA CORPORATION CALL | NVDA | $50.7M | 215,581 | -1.36pp | 32q | -8.6%-$4.8M | |
| MICROSOFT CORP CALL | MSFT | $34.4M | 65,000 | +0.35pp | 32q | -1.3%-$453.6K | |
| APPLE INC | AAPL | $26.4M | 79,349 | -0.37pp | 32q | -1.3%-$360.0K | |
| ARISTA NETWORKS INC CALL+PUT | ANET | $25.7M | 45,740 | +2.10pp | 8q | -3.0%-$788.9K | |
| BROADCOM INC CALL+PUT | AVGO | $23.6M | 52,077 | -1.08pp | 26q | -2.9%-$707.9K | |
| AMAZON COM INC CALL | AMZN | $21.0M | 75,366 | -0.62pp | 32q | -1.8%-$379.3K | |
| ALPHABET INC CALL+PUT | GOOGL | $19.5M | 41,681 | -0.88pp | 32q | -3.2%-$650.9K | |
| QUANTA SVCS INC | PWR | $15.3M | 23,857 | -0.91pp | 16q | -2.6%-$411.2K | |
| GE VERNOVA INC | GEV | $15.0M | 15,764 | -1.69pp | 7q | -2.7%-$415.4K | |
| ASML HLDG NV | ASML | $14.7M | 8,118 | -0.79pp | 26q | -1.7%-$248.2K | |
| META PLATFORMS INC | META | $14.1M | 19,432 | +0.02pp | 32q | -1.6%-$233.5K | |
| KLA CORP | KLAC | $13.8M | 70,639 | -1.84pp | 15q | -2.6%-$372.3K | |
| SHOPIFY INC CALL | SHOP | $13.4M | 85,056 | -0.05pp | 30q | -6.2%-$882.3K | |
| BLOOM ENERGY CORP CALL+PUT | BE | $12.7M | 25,144 | -0.63pp | 3q | -1.7%-$213.6K | |
| ROBINHOOD MKTS INC CALL | HOOD | $10.6M | 87,134 | -0.31pp | 7q | -1.6%-$173.2K | |
| ELI LILLY & CO | LLY | $10.2M | 8,816 | -0.44pp | 18q | -1.6%-$163.1K | |
| ALPHABET INC PUT | GOOG | $9.6M | 15,200 | -0.39pp | 32q | HELD | |
| STATE STR SPDR S&P 500 ETF T | SPY | $9.5M | 12,392 | -0.33pp | 32q | -2.3%-$227.3K | |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | $9.3M | 20,415 | -0.44pp | 3q | -2.9%-$273.7K | |
| SNOWFLAKE INC | SNOW | $8.8M | 25,936 | - | new | NEW | |
| HOWMET AEROSPACE INC | HWM | $8.6M | 38,237 | -0.99pp | 11q | -19.5%-$2.1M | |
| JPMORGAN CHASE & CO | JPM | $8.2M | 24,750 | -0.29pp | 32q | -1.6%-$129.0K | |
| MERCK & CO INC | MRK | $7.8M | 53,920 | -0.12pp | 32q | HELD | |
| MORGAN STANLEY | MS | $7.2M | 38,509 | -0.42pp | 17q | -2.7%-$203.7K | |
| ANALOG DEVICES INC | ADI | $7.1M | 18,011 | -0.26pp | 4q | -1.2%-$86.5K | |
| GE AEROSPACE | GE | $6.7M | 21,417 | -0.47pp | 6q | -1.8%-$120.9K | |
| PALANTIR TECHNOLOGIES INC CALL | PLTR | $6.6M | 33,222 | +0.58pp | 8q | +117.9%+$3.6M | |
| TESLA INC | TSLA | $6.5M | 18,282 | -0.43pp | 20q | HELD | |
| VERTEX PHARMACEUTICALS INC | VRTX | $6.1M | 11,580 | -0.17pp | 18q | -1.7%-$105.6K | |
| JOHNSON & JOHNSON | JNJ | $6.0M | 22,724 | +0.26pp | 32q | +78.9%+$2.7M | |
| GOLDMAN SACHS GROUP INC | GS | $5.8M | 6,430 | -0.33pp | 12q | -1.2%-$72.9K | |
| CLOUDFLARE INC | NET | $5.7M | 16,438 | - | new | NEW | |
| AXON ENTERPRISE INC | AXON | $5.5M | 13,108 | - | new | NEW | |
| AMERICAN EXPRESS CO | AXP | $5.4M | 17,722 | -0.33pp | 16q | -4.2%-$236.6K | |
| ABBVIE INC | ABBV | $5.1M | 19,645 | -0.16pp | 32q | -1.5%-$79.0K | |
| CAPITAL ONE FINL CORP | COF | $4.7M | 24,184 | -0.21pp | 7q | -2.4%-$116.6K | |
| CARDINAL HEALTH INC | CAH | $4.6M | 20,611 | +0.04pp | 3q | +44.1%+$1.4M | |
| OLD DOMINION FREIGHT LINE IN | ODFL | $4.4M | 25,340 | -0.35pp | 3q | -2.2%-$98.6K | |
| SPACE EXPLORATION TECHN CORP CALL+PUT | SPCX | $4.4M | 24,851 | - | new | NEW | |
| MICRON TECHNOLOGY INC CALL+PUT | MU | $4.3M | options only | +0.28pp | 2q | OPTIONS | |
| AUTOMATIC DATA PROCESSING IN | ADP | $4.2M | 16,237 | -0.06pp | 32q | -0.9%-$37.9K | |
| AMPHENOL CORP | APH | $4.2M | 49,529 | +0.07pp | 2q | +48.9%+$1.4M | |
| VANGUARD INDEX FDS | VUG | $4.1M | 45,542 | -0.12pp | 32q | -1.4%-$57.9K | |
| PALO ALTO NETWORKS INC | PANW | $4.0M | 10,005 | -0.04pp | 32q | HELD | |
| COSTCO WHOLESALE CORPORATION | COST | $3.7M | 4,071 | -0.16pp | 32q | -2.3%-$86.5K | |
| NETFLIX INC. CALL | NFLX | $3.7M | 43,610 | -0.78pp | 32q | -56.7%-$4.8M | |
| ARGAN INC | AGX | $3.3M | 8,616 | -0.74pp | 4q | -1.5%-$50.6K | |
| ORACLE CORP | ORCL | $2.8M | 20,425 | -0.14pp | 32q | -2.1%-$59.5K | |
| BLACKROCK INC | BLK | $2.8M | 2,600 | -0.06pp | 8q | -2.5%-$72.0K | |
| QUALCOMM INC | QCOM | $2.7M | 14,598 | -0.09pp | 32q | HELD | |
| VISA INC | V | $2.4M | 6,719 | -0.06pp | 32q | HELD | |
| VANGUARD BD INDEX FDS | BIV | $2.3M | 31,266 | -0.09pp | 4q | +2.2%+$49.3K | |
| VANGUARD INDEX FDS | VTI | $2.2M | 5,840 | -0.08pp | 32q | -2.2%-$49.0K | |
| WASTE MGMT INC DEL | WM | $2.1M | 10,461 | -0.14pp | 32q | -7.6%-$175.2K | |
| INTERACTIVE BROKERS GROUP IN | IBKR | $2.1M | 24,811 | - | new | NEW | |
| VANGUARD INDEX FDS | VTV | $2.1M | 9,760 | -0.10pp | 32q | -7.5%-$171.6K | |
| TEXAS INSTRS INC | TXN | $2.1M | 7,384 | -0.10pp | 32q | -1.3%-$26.9K | |
| ALPS ETF TR | AMLP | $2.0M | 37,741 | -0.09pp | 26q | -6.3%-$131.6K | |
| CATERPILLAR INC | CAT | $2.0M | 2,412 | -0.20pp | 16q | -6.3%-$130.5K | |
| EATON CORP PLC | ETN | $1.9M | 4,422 | -0.07pp | 24q | -3.5%-$68.3K | |
| ENTERPRISE PRODS PARTNERS L | EPD | $1.8M | 49,956 | -0.07pp | 32q | HELD | |
| THERMO FISHER SCIENTIFIC INC | TMO | $1.7M | 2,464 | +0.01pp | 31q | -2.3%-$39.2K | |
| HOME DEPOT INC | HD | $1.7M | 5,807 | -0.14pp | 32q | -5.9%-$103.8K | |
| RTX CORPORATION | RTX | $1.6M | 8,354 | -0.06pp | 16q | +0.7%+$10.2K | |
| INVESCO EXCHANGE TRADED FD T | RSP | $1.5M | 7,395 | -0.07pp | 15q | -3.1%-$49.7K | |
| BLACKSTONE INC | BX | $1.5M | 13,684 | -0.07pp | 16q | -1.8%-$28.0K | |
| VANGUARD INDEX FDS | VNQ | $1.5M | 16,691 | -0.07pp | 32q | +1.0%+$14.8K | |
| SALESFORCE INC | CRM | $1.4M | 6,162 | +0.03pp | 2q | +1.6%+$23.0K | |
| CITIZENS FINL GROUP INC | CFG | $1.4M | 21,926 | -0.08pp | 7q | -1.5%-$22.0K | |
| BANK OF AMER CORP | BAC | $1.3M | 24,697 | -0.05pp | 32q | +4.3%+$55.8K | |
| PIMCO CORPORATE & INCOME OPP | PTY | $1.3M | 121,425 | -0.06pp | 32q | +2.7%+$34.7K | |
| AMGEN INC | AMGN | $1.3M | 3,163 | -0.02pp | 32q | -4.7%-$66.2K | |
| BLACKROCK CORPOR HI YLD FD I | HYT | $1.3M | 160,155 | -0.07pp | 32q | -1.3%-$16.9K | |
| FASTENAL CO | FAST | $1.2M | 25,219 | -0.06pp | 32q | -8.4%-$115.2K | |
| CHEVRON CORPORATION | CVX | $1.2M | 5,790 | -0.01pp | 32q | -4.0%-$49.8K | |
| ADVANCED MICRO DEVICES INC | AMD | $1.1M | 1,817 | -0.03pp | 6q | HELD | |
| AFLAC INC | AFL | $1.1M | 9,805 | -0.05pp | 23q | HELD | |
| AIR PRODUCTS AND CHEMICALS I | APD | $1.0M | 3,722 | -0.05pp | 32q | -3.7%-$40.3K | |
| VANGUARD INDEX FDS | VO | $980.6K | 12,505 | -0.06pp | 27q | -11.2%-$123.4K | |
| CROWDSTRIKE HLDGS INC | CRWD | $965.8K | 3,648 | - | new | NEW | |
| SOLAREDGE TECHNOLOGIES INC | SEDG | $892.4K | 28,000 | -0.16pp | 16q | HELD | |
| INVESCO EXCHANGE TRADED FD T | PWB | $863.3K | 5,324 | -0.05pp | 32q | -8.8%-$83.3K | |
| STRATEGY INC | MSTR | $859.8K | 5,616 | +0.03pp | 8q | HELD | |
| ARM HOLDINGS PLC | ARM | $820.9K | 2,834 | -0.06pp | 10q | +0.7%+$5.8K | |
| WISDOMTREE TR | DGS | $807.0K | 12,773 | -0.03pp | 32q | -0.6%-$4.7K | |
| VANGUARD INDEX FDS | VOO | $794.3K | 1,133 | -0.01pp | 17q | +16.1%+$110.1K | |
| L3HARRIS TECHNOLOGIES INC | LHX | $773.6K | 3,267 | -0.07pp | 11q | -5.4%-$44.3K | |
| STARBUCKS CORP | SBUX | $764.8K | 8,140 | -0.04pp | 28q | +1.2%+$8.8K | |
| INTUITIVE SURGICAL INC | ISRG | $718.9K | 1,768 | -0.04pp | 32q | -10.5%-$84.2K | |
| WELLTOWER INC | WELL | $628.1K | 2,728 | -0.02pp | 10q | +0.6%+$3.9K | |
| VALERO ENERGY CORP | VLO | $616.3K | 1,590 | +0.01pp | 32q | HELD | |
| VANGUARD INDEX FDS | VB | $611.4K | 2,149 | -0.03pp | 26q | +0.6%+$3.4K | |
| ISHARES TR | IYR | $603.2K | 6,347 | -0.03pp | 32q | HELD | |
| VANGUARD WHITEHALL FDS | VYM | $603.1K | 3,886 | -0.02pp | 32q | HELD | |
| MONOLITHIC PWR SYS INC | MPWR | $602.2K | 447 | -0.02pp | 10q | HELD | |
| TJX COS INC NEW | TJX | $596.3K | 4,507 | -0.03pp | 11q | +1.2%+$7.1K | |
| DANAHER CORP DEL | DHR | $589.8K | 2,662 | -0.01pp | 32q | HELD | |
| VANGUARD SPECIALIZED FUNDS | VIG | $579.3K | 2,483 | -0.03pp | 32q | -5.4%-$33.4K | |
| WISDOMTREE TR | DGRW | $553.2K | 5,689 | -0.02pp | 32q | -4.4%-$25.2K | |
| ENERGY TRANSFER L P | ET | $551.3K | 27,888 | -0.02pp | 24q | HELD | |
| WALMART INC | WMT | $501.6K | 4,826 | -0.03pp | 4q | -1.8%-$8.9K | |
| ISHARES TR | IEFA | $499.1K | 5,152 | - | new | NEW | |
| ISHARES TR | MUB | $492.9K | 4,875 | -0.01pp | 12q | +16.4%+$69.5K | |
| ONEOK INC NEW | OKE | $479.2K | 5,620 | - | new | NEW | |
| WISDOMTREE TR | GCC | $478.9K | 17,978 | flat | 23q | HELD | |
| NYLIM ETF TR | HFXI | $476.6K | 12,821 | -0.02pp | 10q | HELD | |
| ISHARES INC | IEMG | $459.1K | 5,657 | - | new | NEW | |
| Cheniere Energy Partners LP | CQP | $444.0K | 7,295 | -0.02pp | 23q | HELD | |
| UNION PAC CORP | UNP | $441.9K | 1,624 | -0.02pp | 12q | -1.9%-$8.4K | |
| ISHARES TR | IVV | $410.5K | 536 | - | new | NEW | |
| SERVICENOW INC | NOW | $407.4K | 3,040 | -0.03pp | 32q | +15.6%+$54.9K | |
| ABBOTT LABORATORIES | ABT | $401.6K | 4,064 | -0.01pp | 32q | HELD | |
| SPDR INDEX SHS FDS | SPDW | $400.8K | 7,983 | - | new | NEW | |
| TORONTO DOMINION BK ONT | TD | $399.6K | 3,400 | -0.02pp | 32q | -8.5%-$37.3K | |
| FIDELITY COMWLTH TR | ONEQ | $388.4K | 3,670 | -0.01pp | 2q | HELD | |
| SPROTT ASSET MANAGEMENT LP | CEF | $380.7K | 9,164 | -0.01pp | 10q | HELD | |
| JPMORGAN CHASE FINL CO LLC | AMJB | $377.8K | 10,955 | -0.01pp | 10q | HELD | |
| PAYCHEX INC | PAYX | $373.0K | 3,787 | -0.03pp | 32q | -22.5%-$108.4K | |
| HONEYWELL INTL INC | HON | $369.8K | 1,753 | -0.02pp | 2q | -3.4%-$12.9K | |
| SPDR SERIES TRUST | XBI | $369.4K | 2,343 | -0.01pp | 5q | HELD | |
| LAM RESEARCH CORP | LRCX | $358.1K | 1,090 | -0.05pp | 4q | -19.3%-$85.4K | |
| INTEL CORP | INTC | $356.7K | 2,967 | -0.02pp | 2q | +6.0%+$20.2K | |
| LOCKHEED MARTIN CORP | LMT | $356.0K | 699 | -0.02pp | 29q | -12.5%-$50.9K | |
| PEPSICO INC | PEP | $345.3K | 2,725 | -0.02pp | 32q | HELD | |
| WILLIAMS SONOMA INC | WSM | $342.6K | 1,503 | -0.01pp | 11q | HELD | |
| PHILLIPS 66 | PSX | $334.5K | 1,310 | +0.01pp | 3q | HELD | |
| NEXTERA ENERGY INC | NEE | $310.2K | 4,095 | -0.04pp | 32q | -23.5%-$95.4K | |
| ARK ETF TR | ARKK | $310.1K | 3,480 | -0.01pp | 6q | HELD | |
| BLACKROCK MUN TARGET TERM TR | BTT | $307.7K | 14,090 | -0.01pp | 32q | HELD | |
| VANGUARD SCOTTSDALE FDS | VCSH | $300.5K | 3,890 | flat | 12q | +25.7%+$61.4K | |
| HONEYWELL AEROSPACE INC | HONA | $265.9K | 1,716 | -0.03pp | 2q | -4.7%-$13.2K | |
| SELECT SECTOR SPDR TR | XLK | $264.9K | 1,353 | -0.01pp | 2q | +0.8%+$2.2K | |
| ISHARES TR | IJH | $261.9K | 3,640 | -0.01pp | 16q | HELD | |
| CARRIER GLOBAL CORPORATION | CARR | $259.6K | 4,732 | -0.02pp | 24q | HELD | |
| ISHARES TR | HDV | $254.9K | 9,115 | -0.01pp | 32q | HELD | |
| ISHARES TR | IVW | $253.2K | 1,780 | -0.01pp | 6q | -0.7%-$1.8K | |
| ISHARES TR | DGRO | $237.6K | 3,151 | -0.01pp | 3q | HELD | |
| ASTRAZENECA PLC | AZN | $233.0K | 1,443 | -1.30pp | 3q | -96.6%-$6.5M | |
| SPDR SERIES TRUST | SDY | $219.4K | 1,498 | -0.01pp | 32q | HELD | |
| INVESCO EXCHANGE TRADED FD T | SPHQ | $215.8K | 2,567 | -0.01pp | 2q | HELD | |
| FREEPORT-MCMORAN INC | FCX | $213.3K | 3,047 | - | new | NEW | |
| OKTA INC | OKTA | $209.1K | 1,000 | - | new | NEW | |
| SOUTHERN CO | SO | $208.4K | 2,514 | -0.01pp | 3q | HELD | |
| MCCORMICK & CO INC | MKC | $205.6K | 4,430 | -0.01pp | 32q | HELD | |
| PROLOGIS INC. | PLD | $204.1K | 1,572 | -0.01pp | 16q | HELD | |
| ONDAS INC | ONDS | $88.0K | 12,000 | flat | 3q | HELD | |
| BIGBEAR AI HLDGS INC CALL | BBAI | $41.4K | options only | flat | 6q | OPTIONS | |
| AIAI HOLDINGS CORP | AIAI | $35.0K | 10,893 | -0.03pp | 2q | -35.5%-$19.3K |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Semiconductors & Electronics | $142.2M | 19.1% |
| Software & IT Services | $126.4M | 16.9% |
| Computer Hardware | $56.1M | 7.5% |
| Biotech & Pharma | $37.2M | 5.0% |
| Capital Markets | $30.4M | 4.1% |
| Retail & Consumer | $29.8M | 4.0% |
| Industrials | $24.7M | 3.3% |
| Banks & Lending | $22.6M | 3.0% |
| Construction & Building | $18.6M | 2.5% |
| Instruments & Controls | $16.0M | 2.1% |
| Funds & ETFs | $12.4M | 1.7% |
| Other sectors | $46.8M | 6.3% |
| Not classified | $182.8M | 24.5% |
What the disclosed book did
This is not the fund's return. A 13F shows long US equity positions only, so shorts, bonds, foreign listings, private holdings and cash are all invisible here. What this measures is the quarter's change in value of the positions this manager disclosed, had they been left untouched - the return a reader following the filing would have earned.
| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q3 2026 | -0.9% | +2.1% | -3.0% | 95% |
| Q2 2026 | +17.3% | +14.8% | +2.5% | 76% |
| Q1 2026 | -6.5% | -4.6% | -1.9% | 76% |
| Q4 2025 | -1.4% | +2.4% | -3.8% | 70% |
| Q3 2025 | +7.6% | +7.8% | -0.2% | 79% |
| Q2 2025 | +20.5% | +10.5% | +10.0% | 88% |
| Q1 2025 | -9.4% | -4.6% | -4.8% | 69% |
| Q4 2024 | +3.1% | +2.1% | +1.0% | 71% |
Market is SPY over the same two quarter ends, priced the same way as everything else here - the median across every filer reporting it. It is a large-cap US proxy, so a manager holding small caps or biotech will beat or trail it for reasons that are not skill. Prices are quarter-end to quarter-end and say nothing about the path in between, or about trades opened and closed inside a quarter.
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q3 2026 | $746.1M | 149 | 13 | 21 | 72 | 11 | 51.7% | 14 |
| Q2 2026 | $594.6M | 147 | 13 | 21 | 71 | 9 | 40.6% | 20 |
| Q1 2026 | $664.2M | 143 | 13 | 36 | 49 | 11 | 41.2% | 14 |
| Q4 2025 | $844.4M | 141 | 10 | 35 | 44 | 11 | 54.8% | 30 |
| Q3 2025 | $884.7M | 142 | 5 | 41 | 35 | 5 | 57.8% | 30 |
| Q2 2025 | $676.6M | 142 | 15 | 44 | 39 | 7 | 52.5% | 17 |
| Q1 2025 | $454.1M | 134 | 8 | 33 | 54 | 10 | 41.1% | 35 |
| Q4 2024 | $651.6M | 136 | 10 | 14 | 81 | 15 | 50.2% | 30 |
| Q3 2024 | $636.0M | 141 | 5 | 33 | 49 | 6 | 47.5% | 43 |
| Q2 2024 | $628.7M | 142 | 16 | 29 | 53 | 9 | 51.4% | 33 |
| Q1 2024 | $609.7M | 135 | 8 | 59 | 28 | 10 | 54.6% | 23 |
| Q4 2023 | $556.6M | 137 | 10 | 35 | 61 | 9 | 53.8% | 22 |
| Q3 2023 | $379.3M | 136 | 5 | 26 | 32 | 5 | 39.7% | 31 |
| Q2 2023 | $394.1M | 136 | 1 | 45 | 26 | 8 | 37.7% | 12 |
| Q1 2023 | $420.3M | 143 | 9 | 47 | 49 | 10 | 42.1% | 27 |
| Q4 2022 | $418.9M | 144 | 16 | 53 | 37 | 4 | 41.0% | 24 |
| Q3 2022 | $350.8M | 132 | 9 | 33 | 39 | 11 | 41.4% | 34 |
| Q2 2022 | $314.8M | 134 | 6 | 33 | 42 | 8 | 37.6% | 21 |
| Q1 2022 | $370.2M | 136 | 10 | 33 | 27 | 6 | 40.1% | 29 |
| Q4 2021 | $376.3M | 132 | 9 | 46 | 16 | 6 | 39.0% | 26 |
| Q3 2021 | $336.8M | 129 | 5 | 30 | 29 | 8 | 37.9% | 27 |
| Q2 2021 | $336.0M | 132 | 9 | 36 | 19 | 13 | 38.3% | 21 |
| Q1 2021 | $320.8M | 136 | 16 | 55 | 23 | 8 | 38.0% | 19 |
| Q4 2020 | $303.5M | 128 | 11 | 53 | 28 | 4 | 38.0% | 28 |
| Q3 2020 | $312.1M | 121 | 9 | 15 | 49 | 7 | 48.8% | 29 |
| Q2 2020 | $451.8M | 119 | 9 | 36 | 45 | 13 | 65.8% | 24 |
| Q1 2020 | $331.5M | 123 | 4 | 55 | 32 | 15 | 61.4% | 22 |
| Q4 2019 | $228.5M | 134 | 11 | 34 | 46 | 7 | 34.9% | 24 |
| Q3 2019 | $199.2M | 130 | 7 | 61 | 25 | 9 | 30.9% | 18 |
| Q2 2019 | $192.8M | 132 | 8 | 46 | 46 | 8 | 29.3% | 17 |
| Q1 2019 | $190.3M | 132 | 17 | 23 | 71 | 20 | 32.2% | 26 |
| Q4 2018 | $198.5M | 135 | 0 | 0 | 0 | 0 | 29.4% | 8 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.