Covenant Asset Management, LLC Buys Ligand Pharmaceuticals Inc, Proto Labs Inc, Intuitive Surgical Inc, Sells Huntington Ingalls Industries Inc, Regions Financial Corp, Honeywell International Inc

• New Purchases: LGND, PRLB, ISRG, NOC, NOW, STZ, HD,
• Added Positions: V, ILMN, AAPL, FB, VRTX, MSFT, SQ, PYPL, EEM, WDAY,
• Reduced Positions: HON, RF, ALXN, CFG, EOG, UTX, ADBE, BIIB, NFLX, AFL,
• Sold Out: HII, MS, AMAT, SUM, RH, CDK, SBUX, XLF,

For the details of Covenant Asset Management, LLC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Covenant+Asset+Management%2C+LLC

1. Apple Inc (AAPL) - 38,802 shares, 3.92% of the total portfolio. Shares added by 4.46%
2. Amazon.com Inc (AMZN) - 4,192 shares, 3.89% of the total portfolio. Shares added by 1.72%
3. Facebook Inc (FB) - 31,205 shares, 3.31% of the total portfolio. Shares added by 4.41%
4. Microsoft Corp (MSFT) - 61,116 shares, 3.29% of the total portfolio. Shares added by 3.68%
5. Netflix Inc (NFLX) - 14,605 shares, 3.12% of the total portfolio. Shares reduced by 1.77%

Covenant Asset Management, LLC initiated holding in Ligand Pharmaceuticals Inc. The purchase prices were between $150.77 and $207.98, with an estimated average price of $178.66. The stock is now traded at around $220.73. The impact to a portfolio due to this purchase was 1.18%. The holding were 10,414 shares as of 2018-06-30.

Covenant Asset Management, LLC initiated holding in Proto Labs Inc. The purchase prices were between $113 and $136.35, with an estimated average price of $122.47. The stock is now traded at around $131.25. The impact to a portfolio due to this purchase was 1.11%. The holding were 17,042 shares as of 2018-06-30.

Covenant Asset Management, LLC initiated holding in Intuitive Surgical Inc. The purchase prices were between $396.55 and $495.52, with an estimated average price of $457.47. The stock is now traded at around $525.00. The impact to a portfolio due to this purchase was 1.01%. The holding were 3,888 shares as of 2018-06-30.

Covenant Asset Management, LLC initiated holding in Northrop Grumman Corp. The purchase prices were between $306.59 and $360.03, with an estimated average price of $330.72. The stock is now traded at around $322.13. The impact to a portfolio due to this purchase was 0.92%. The holding were 5,457 shares as of 2018-06-30.

Covenant Asset Management, LLC initiated holding in ServiceNow Inc. The purchase prices were between $158 and $186.42, with an estimated average price of $173.2. The stock is now traded at around $194.55. The impact to a portfolio due to this purchase was 0.81%. The holding were 8,634 shares as of 2018-06-30.

Covenant Asset Management, LLC initiated holding in Constellation Brands Inc. The purchase prices were between $215.92 and $234.22, with an estimated average price of $225.89. The stock is now traded at around $217.39. The impact to a portfolio due to this purchase was 0.77%. The holding were 6,480 shares as of 2018-06-30.

Covenant Asset Management, LLC added to a holding in Visa Inc by 77.58%. The purchase prices were between $117.7 and $136.28, with an estimated average price of $128.67. The stock is now traded at around $139.90. The impact to a portfolio due to this purchase was 0.86%. The holding were 27,093 shares as of 2018-06-30.

Covenant Asset Management, LLC added to a holding in Illumina Inc by 86.80%. The purchase prices were between $228.17 and $292.07, with an estimated average price of $261.35. The stock is now traded at around $304.71. The impact to a portfolio due to this purchase was 0.51%. The holding were 7,130 shares as of 2018-06-30.

Covenant Asset Management, LLC added to a holding in iShares MSCI Emerging Index Fund by 533.33%. The purchase prices were between $42.33 and $48.14, with an estimated average price of $46.29. The stock is now traded at around $43.79. The impact to a portfolio due to this purchase was 0.08%. The holding were 3,800 shares as of 2018-06-30.

Covenant Asset Management, LLC added to a holding in Cisco Systems Inc by 35.85%. The purchase prices were between $40.73 and $46.3, with an estimated average price of $43.71. The stock is now traded at around $43.58. The impact to a portfolio due to this purchase was 0.07%. The holding were 12,069 shares as of 2018-06-30.

Covenant Asset Management, LLC added to a holding in Vanguard Short-Term Corporate Bond ETF by 29.13%. The purchase prices were between $77.85 and $78.49, with an estimated average price of $78.11. The stock is now traded at around $78.07. The impact to a portfolio due to this purchase was 0.04%. The holding were 3,812 shares as of 2018-06-30.

Covenant Asset Management, LLC sold out a holding in Huntington Ingalls Industries Inc. The sale prices were between $207.33 and $265.59, with an estimated average price of $232.45.

Covenant Asset Management, LLC sold out a holding in Morgan Stanley. The sale prices were between $47.19 and $55.22, with an estimated average price of $52.29.

Covenant Asset Management, LLC sold out a holding in Applied Materials Inc. The sale prices were between $45.25 and $57.86, with an estimated average price of $51.56.

Covenant Asset Management, LLC sold out a holding in Summit Materials Inc. The sale prices were between $25.39 and $29.86, with an estimated average price of $28.33.

Covenant Asset Management, LLC sold out a holding in RH. The sale prices were between $85.39 and $160.87, with an estimated average price of $108.53.

Covenant Asset Management, LLC sold out a holding in Starbucks Corp. The sale prices were between $48.54 and $59.83, with an estimated average price of $56.76.

Covenant Asset Management, LLC reduced to a holding in Honeywell International Inc by 80.41%. The sale prices were between $142.43 and $152.26, with an estimated average price of $147.26. The stock is now traded at around $147.87. The impact to a portfolio due to this sale was -1.1%. Covenant Asset Management, LLC still held 3,180 shares as of 2018-06-30.

Covenant Asset Management, LLC reduced to a holding in Regions Financial Corp by 82.96%. The sale prices were between $17.78 and $19.45, with an estimated average price of $18.73. The stock is now traded at around $17.52. The impact to a portfolio due to this sale was -1.1%. Covenant Asset Management, LLC still held 20,720 shares as of 2018-06-30.

Covenant Asset Management, LLC reduced to a holding in Alexion Pharmaceuticals Inc by 71.61%. The sale prices were between $106.04 and $127.57, with an estimated average price of $116.88. The stock is now traded at around $134.29. The impact to a portfolio due to this sale was -0.97%. Covenant Asset Management, LLC still held 5,898 shares as of 2018-06-30.