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Covenant Multifamily Offices Portfolio holdings

AUM $557M
1-Year Est. Return 25.75%
This Fund
S&P 500
This Quarter Est. Return
+3.7%
1 Year Est. Return
+25.75%
3 Year Est. Return
+38.34%
5 Year Est. Return
+79.2%
10 Year Est. Return
–
AUM
$456M
AUM Growth
+$147M
Cap. Flow
+$133M
Cap. Flow %
29.25%
Top 10 Hldgs %
68.3%
Holding
290
New
67
Increased
56
Reduced
11
Closed
148

Top Buys

Rank Stock Value
1
T icon
AT&T
T
+$77.1M
2
VIG icon
Vanguard Dividend Appreciation ETF
VIG
+$5.99M
3
FNDB icon
Schwab Fundamental US Broad Market Index ETF
FNDB
+$4.73M
4
SCHF icon
Schwab International Equity ETF
SCHF
+$4.68M
5
DJP icon
iPath Bloomberg Commodity Index Total Return ETN due 12 June 2036
DJP
+$3.89M

Top Sells

Rank Stock Value
1
VHT icon
Vanguard Health Care ETF
VHT
+$12.4M
2
VEA icon
Vanguard FTSE Developed Markets ETF
VEA
+$10M
3
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$7.32M
4
IWP icon
iShares Russell Mid-Cap Growth ETF
IWP
+$3.67M
5
QCOM icon
Qualcomm
QCOM
+$1.21M

Sector Composition

Rank Sector Weight
1 Miscellaneous 61.31%
2 Communication Services 19.9%
3 Energy 3.83%
4 Consumer Discretionary 3.15%
5 Healthcare 3.09%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ORCL icon
226
Oracle
ORCL
$433B
– –
-650
Closed -$35K
PAYX icon
227
Paychex
PAYX
$41.6B
– –
-415
Closed -$33K
PBR.A icon
228
Petrobras Class A
PBR.A
$122B
– –
-1,538
Closed -$22K
PG icon
229
Procter & Gamble
PG
$341B
– –
-317
Closed -$33K
PKX icon
230
POSCO
PKX
$17.9B
– –
-284
Closed -$16K
PNQI icon
231
Invesco NASDAQ Internet ETF
PNQI
$528M
– –
-315
Closed -$8K
PSX icon
232
Phillips 66
PSX
$106B
– –
-18
Closed -$2K
QCLN icon
233
First Trust NASDAQ Clean Edge Green Energy Index Fund
QCLN
$537M
– –
-230
Closed -$5K
QCOM icon
234
Qualcomm
QCOM
$197B
– –
-21,289
Closed -$1.21M
QQQ icon
235
Invesco QQQ Trust
QQQ
$474B
– –
-583
Closed -$105K
RACE icon
236
Ferrari
RACE
$72.4B
– –
-102
Closed -$14K
RF icon
237
Regions Financial
RF
$24.3B
– –
-1
Closed –
RWR icon
238
State Street SPDR Dow Jones REIT ETF
RWR
$1.81B
– –
-603
Closed -$60K
SCZ icon
239
iShares MSCI EAFE Small-Cap ETF
SCZ
$12.9B
– –
-1,746
Closed -$100K
SHG icon
240
Shinhan Financial Group
SHG
$38.3B
– –
-665
Closed -$25K
SIRI icon
241
SiriusXM
SIRI
$9.63B
– –
-22
Closed -$1K
SLV icon
242
iShares Silver Trust
SLV
$30.7B
– –
-450
Closed -$6K
SNY icon
243
Sanofi
SNY
$102B
– –
-1,949
Closed -$86K
STM icon
244
STMicroelectronics
STM
$42.9B
– –
-1,500
Closed -$22K
TAK icon
245
Takeda Pharmaceutical
TAK
$59.5B
– –
-1,788
Closed -$36K
TCBI icon
246
Texas Capital Bancshares
TCBI
$4.14B
– –
-21
Closed -$1K
TECK icon
247
Teck Resources
TECK
$31.5B
– –
-19
Closed –
TEVA icon
248
Teva Pharmaceutical Industries Limited
TEVA
$44.9B
– –
-220
Closed -$3K
TLT icon
249
iShares 20+ Year Treasury Bond ETF
TLT
$46.5B
– –
-1,660
Closed -$210K
TM icon
250
Toyota
TM
$228B
– –
-150
Closed -$18K
8 9
10
11 12

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Covenant Multifamily Offices's Q2 2019 Portfolio in Review

As of Q2 2019, Covenant Multifamily Offices held 290 positions worth $456M, up 48% from $309M the previous quarter. Its ten largest holdings account for 68% of the portfolio.

Covenant Multifamily Offices deployed $133M of net new capital in Q2 2019, opening 67 new positions and adding to 56 existing holdings. Its largest new stake was AT&T: 3,214,734 shares worth $81.4M.

By sector, the portfolio is most concentrated in Miscellaneous at 61% of assets, down from 83% a quarter earlier, followed by Communication Services and Energy.

On the sell side, the largest reduction was Vanguard FTSE Developed Markets ETF, an estimated $10M trimmed.

  • Covenant Multifamily Offices's largest Q2 2019 buy was AT&T: 3,214,734 shares worth $81.4M.
  • Covenant Multifamily Offices added most to Vanguard Dividend Appreciation ETF in Q2 2019, an estimated $5.99M increase.
  • Covenant Multifamily Offices's biggest Q2 2019 reduction was Vanguard FTSE Developed Markets ETF, cutting an estimated $10M.
  • Covenant Multifamily Offices fully exited Vanguard Health Care ETF in Q2 2019, selling an estimated $12.4M.
  • Covenant Multifamily Offices's ten largest holdings make up 68% of its $456M portfolio in Q2 2019.
  • Covenant Multifamily Offices opened 67 new positions and closed 148 in Q2 2019.
  • Covenant Multifamily Offices's portfolio value rose 48% quarter-over-quarter to $456M.

Based on Covenant Multifamily Offices's 13F filing for Q2 2019, filed 31 Jul 2019.