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CMO

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 Communication Services 19.63%
2 Energy 3.83%
3 Consumer Discretionary 3.15%
4 Technology 3.08%
5 Healthcare 3.04%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
XLP icon
276
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.2B
– –
-884
Closed -$50K
XLRE icon
277
State Street Real Estate Select Sector SPDR ETF
XLRE
$8.55B
– –
-77
Closed -$3K
XLY icon
278
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$22.6B
– –
-428
Closed -$24K
XTN icon
279
State Street SPDR S&P Transportation ETF
XTN
$387M
– –
-152
Closed -$9K
CNR
280
Core Natural Resources Inc
CNR
$4.02B
– –
-8
Closed –
ORAN
281
DELISTED
Orange
ORAN
– –
-2,933
Closed -$48K
GLOP
282
DELISTED
GASLOG PARTNERS LP
GLOP
– –
-4,012
Closed -$91K
CS
283
DELISTED
Credit Suisse Group
CS
– –
-3,436
Closed -$40K
TMDI
284
DELISTED
Titan Medical Inc. Ordinary Shares
TMDI
– –
-200
Closed -$1K
LUB
285
DELISTED
Luby's Inc.
LUB
– –
-2,344
Closed -$3K
CXP
286
DELISTED
COLUMBIA PROPERTY TRUST, INC.
CXP
– –
-3,771
Closed -$85K
GRUB
287
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
– –
-150
Closed -$21K
OSB
288
DELISTED
Norbord Inc.
OSB
– –
-51
Closed -$1K
TI
289
DELISTED
Telecom Italia
TI
– –
-9,608
Closed -$60K
CIT
290
DELISTED
CIT Group Inc.
CIT
– –
-60
Closed -$3K
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 Communication Services at 20% of assets, up from 1.4% a quarter earlier, followed by Energy and Consumer Discretionary.

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.