Covenant Asset Management's Q2 2026 Stock Activity: Key Purchases and Sales

During the period leading up to June 30, 2026, Covenant Asset Management, Llc demonstrated significant activity within its portfolio. The firm focused on acquiring shares in several companies while strategically reducing positions or exiting holdings in others.

Prominent Purchases This Quarter

Covenant Asset Management showed strong buying interest during this quarter, as evidenced by substantial increases in their shareholdings for certain stocks and funds. Notable purchases include:

• KLA Corporation (KLAC), where the holding increased significantly by +87292% in shares, representing a major addition to their portfolio.
• Morgan Stanley (MS), seeing its stake grow substantially with a +140.23% increase in shares, highlighting the firm's confidence in this financial services giant.
• SOFI Technologies (SOFI), which experienced an impressive +140.72% jump in shares, indicating renewed interest in the social media stock.
• Amphenol Corporation (APH), where Covenant increased their position by +100.0%, effectively doubling their stake, suggesting a strong conviction in this Technology holding.
• Palo Alto Networks (PLTR), despite being listed under significant buys, actually saw an increase of +140.23% in shares during this period.
• Vanguard Growth Stock ETF (VUG), which had a significant quarter-over-quarter increase of +520.93% in shares, showing active fund management.
• Vanguard ETFs (VO) and PIMCO Income Fund (PTY), both experiencing substantial share increases of +300.17% and +400.0%, respectively.

Strategic Reductions and Exits

In contrast to the buying activity, Covenant Asset Management also reduced positions in some holdings during this quarter:

• Palo Alto Networks (PLTR), despite a large increase from prior period, is listed here due to its significant percentage change (-54.03%), indicating substantial reduction.
• CBOE Global Markets (CBOE), saw a considerable decrease of -65.16% in shares, reflecting an exit or significant scaling down.
• BlackRock CORPOR HI YLD FD I (HYT), experienced a moderate reduction of -12.8% in shares, showing a decrease but not an exit.

These changes reflect the dynamic nature of Covenant Asset Management's portfolio adjustments during Q2 2026.