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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
+1.84%
1 Year Est. Return
+25.75%
3 Year Est. Return
+38.34%
5 Year Est. Return
+79.2%
10 Year Est. Return
–
AUM
$163M
AUM Growth
+$58.2M
Cap. Flow
+$55M
Cap. Flow %
33.73%
Top 10 Hldgs %
79.89%
Holding
31
New
21
Increased
4
Reduced
2
Closed
2

Top Buys

Rank Stock Value
1
EFA icon
iShares MSCI EAFE ETF
EFA
+$35M
2
EWJ icon
iShares MSCI Japan ETF
EWJ
+$4.35M
3
INTC icon
Intel
INTC
+$3.72M
4
CAH icon
Cardinal Health
CAH
+$3.66M
5
CSCO icon
Cisco
CSCO
+$3.6M

Top Sells

Rank Stock Value
1
VEA icon
Vanguard FTSE Developed Markets ETF
VEA
+$23.3M
2
EEM icon
iShares MSCI Emerging Markets ETF
EEM
+$2.96M
3
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$2.72M
4
IWP icon
iShares Russell Mid-Cap Growth ETF
IWP
+$2.58M

Sector Composition

Rank Sector Weight
1 Technology 6.36%
2 Healthcare 5.81%
3 Financials 3.84%
4 Consumer Staples 3.11%
5 Industrials 2.85%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NUE icon
26
Nucor
NUE
$58.6B
$530K 0.32%
+8,905
New +$498K
VB icon
27
Vanguard Morningstar Small-Cap ETF
VB
$79.5B
$395K 0.24%
3,064
– –
GLD icon
28
SPDR Gold Trust
GLD
$131B
$232K 0.14%
2,121
– –
F icon
29
Ford
F
$58.5B
$223K 0.14%
+18,374
New +$223K
EEM icon
30
iShares MSCI Emerging Markets ETF
EEM
$28.8B
– –
-79,100
Closed -$2.96M
VEA icon
31
Vanguard FTSE Developed Markets ETF
VEA
$229B
– –
-621,982
Closed -$23.3M
1
2

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Covenant Multifamily Offices's Q4 2016 Portfolio in Review

As of Q4 2016, Covenant Multifamily Offices held 31 positions worth $163M, up 55% from $105M the previous quarter. Its ten largest holdings account for 80% of the portfolio.

Covenant Multifamily Offices deployed $55M of net new capital in Q4 2016, opening 21 new positions and adding to 4 existing holdings. Its largest new stake was iShares MSCI EAFE ETF: 607,032 shares worth $35M.

By sector, the portfolio is most concentrated in Technology at 6.4% of assets, followed by Healthcare and Financials.

On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $2.72M trimmed.

  • Covenant Multifamily Offices's largest Q4 2016 buy was iShares MSCI EAFE ETF: 607,032 shares worth $35M.
  • Covenant Multifamily Offices added most to Vanguard Morningstar Value ETF in Q4 2016, an estimated $2.42M increase.
  • Covenant Multifamily Offices's biggest Q4 2016 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $2.72M.
  • Covenant Multifamily Offices fully exited Vanguard FTSE Developed Markets ETF in Q4 2016, selling an estimated $23.3M.
  • Covenant Multifamily Offices's ten largest holdings make up 80% of its $163M portfolio in Q4 2016.
  • Covenant Multifamily Offices opened 21 new positions and closed 2 in Q4 2016.
  • Covenant Multifamily Offices's portfolio value rose 55% quarter-over-quarter to $163M.

Based on Covenant Multifamily Offices's 13F filing for Q4 2016, filed 9 Feb 2017.