Cove Private Wealth Adjusts Portfolio: Significant Increases in MA and IWF
Cove Private Wealth's portfolio saw notable changes this quarter, including substantial increases in Mastercard (MA) and iShares Core Small-Cap Growth ETF (IWF), alongside a significant reduction in United Parcel Service (UPS).
On Cove Private Wealth, Llc's portfolio snapshot as of June 30th, 2026, investors observed a mix of strategic buying and selling activities across various sectors. The total portfolio value stood at $515,636,669.
Prominent Purchases This Quarter
Mastercard (MA), the global payment processing giant, attracted significant attention with a 70.6% increase in its share count during this period. The total stock value for Mastercard rose to $10,617,139 as of June 30th, MASTERCARD INCORPORATED now representing a substantial allocation within the Financial Services sector.
iShares Core Small-Cap Growth ETF (IWF), an exchange-traded fund tracking small-cap growth stocks, also saw considerable buying. The share count increased by 387.48%, adding $5,265,000 to its value, bringing the total stock value for IWF to $8,225,517 as of June 30th.
Furthermore, Vanguard Admiral Freedom Funds Inc (VOOG), a mutual fund focused on large-cap growth stocks, experienced massive inflows. The share count grew by an astronomical 435.96%, contributing $2,212,500 to its value, resulting in a total stock value of $2,247,264 for this holding.
Notable Sales and Reductions
The investor also demonstrated strategic exits by significantly reducing their position in UNITED PARCEL SVCS INC (UPS). The share count for UPS decreased by 54.26%, a reduction of over 364,000 shares, lowering its total stock value to $33,010,455 and its portfolio allocation percentage down to 6.38%.
Additionally, the investor disposed of their entire position in ISHARES TR (EMXC), although this specific exit isn't detailed within the 'changed_holdings' list provided. The data indicates that substantial selling activity occurred, impacting their overall portfolio composition.
Other Activity and Portfolio Context
Besides these major shifts, several other holdings showed changes in share count during the quarter:
- NVIDIA Corporation (NVDA): Experienced a moderate increase of about 6.93% in shares.
- Amazon.com Inc (AMZN): Showed a small positive change, albeit less significant than the major buys.
- iShares Core HDV ETF (HDV): Demonstrated strong inflows with a 400% increase in shares.
- Various iShares and Vanguard ETFs: Showed substantial increases, including IBDT, IBDS, VOOG, IBMQ, and IBMP.
Overall Portfolio Dynamics
The portfolio currently holds 201 distinct positions. Technology remains the dominant sector allocation at approximately 31.7% of the total value ($163,536,610), followed by Unknown allocations (17.87%) and then significant exposures in Industrials (11.75%), Communication Services (10.22%), Financial Services (8.86%), Consumer Cyclical (6.55%), Healthcare (6.14%), and smaller percentages across other sectors.
The data confirms that the portfolio experienced substantial buying activity, particularly highlighted by the significant increases in MA, IWF, and VOOG. Conversely, large selling activities were also noted, most prominently the reduction of UPS shares.