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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
+1.28%
1 Year Est. Return
+25.75%
3 Year Est. Return
+38.34%
5 Year Est. Return
+79.2%
10 Year Est. Return
–
AUM
$62.5M
AUM Growth
-$36.4M
Cap. Flow
-$37.8M
Cap. Flow %
-60.5%
Top 10 Hldgs %
99.68%
Holding
31
New
6
Increased
4
Reduced
7
Closed
7

Top Buys

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$2.55M
2
IAU icon
iShares Gold Trust
IAU
+$646K
3
GLD icon
SPDR Gold Trust
GLD
+$231K
4
IWB icon
iShares Russell 1000 ETF
IWB
+$131K
5
XLE icon
State Street Energy Select Sector SPDR ETF
XLE
+$19.8K

Top Sells

Rank Stock Value
1
OEF icon
iShares S&P 100 ETF
OEF
+$17.9M
2
IWP icon
iShares Russell Mid-Cap Growth ETF
IWP
+$11.1M
3
ACWI icon
iShares MSCI ACWI ETF
ACWI
+$4.16M
4
EFA icon
iShares MSCI EAFE ETF
EFA
+$3.64M
5
TLT icon
iShares 20+ Year Treasury Bond ETF
TLT
+$2.46M

Sector Composition

Rank Sector Weight
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ELD icon
26
WisdomTree Emerging Markets Local Debt Fund
ELD
$142M
– –
-288
Closed -$12K
IWF icon
27
iShares Russell 1000 Growth ETF
IWF
$121B
– –
-548
Closed -$13K
OEF icon
28
iShares S&P 100 ETF
OEF
$20.1B
– –
-196,759
Closed -$17.9M
PCY icon
29
Invesco Emerging Markets Sovereign Debt ETF
PCY
$1.38B
– –
-1,683
Closed -$47K
TLT icon
30
iShares 20+ Year Treasury Bond ETF
TLT
$42.1B
– –
-19,500
Closed -$2.46M
XLU icon
31
State Street Utilities Select Sector SPDR ETF
XLU
$22.8B
– –
-156
Closed -$3K
1
2

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Covenant Multifamily Offices's Q1 2015 Portfolio in Review

As of Q1 2015, Covenant Multifamily Offices held 31 positions worth $62.5M, down 37% from $98.8M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Covenant Multifamily Offices withdrew a net $37.8M in Q1 2015, closing 7 positions and reducing 7 holdings. Its most notable exit was iShares S&P 100 ETF, an estimated $17.9M position sold in full.

Against the trend, Covenant Multifamily Offices opened a new position in iShares Russell 1000 ETF worth $131K.

  • Covenant Multifamily Offices's largest Q1 2015 buy was iShares Russell 1000 ETF: 1,134 shares worth $131K.
  • Covenant Multifamily Offices added most to State Street SPDR S&P 500 ETF Trust in Q1 2015, an estimated $2.55M increase.
  • Covenant Multifamily Offices's biggest Q1 2015 reduction was iShares Russell Mid-Cap Growth ETF, cutting an estimated $11.1M.
  • Covenant Multifamily Offices fully exited iShares S&P 100 ETF in Q1 2015, selling an estimated $17.9M.
  • Covenant Multifamily Offices's ten largest holdings make up 100% of its $62.5M portfolio in Q1 2015.
  • Covenant Multifamily Offices opened 6 new positions and closed 7 in Q1 2015.
  • Covenant Multifamily Offices's portfolio value fell 37% quarter-over-quarter to $62.5M.

Based on Covenant Multifamily Offices's 13F filing for Q1 2015, filed 12 May 2015.