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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
+5.96%
1 Year Est. Return
+25.75%
3 Year Est. Return
+38.34%
5 Year Est. Return
+79.2%
10 Year Est. Return
–
AUM
$151M
AUM Growth
-$12.4M
(-7.6%)
Cap. Flow
-$20.7M
Cap. Flow
% of AUM
-13.75%
Top 10 Holdings %
Top 10 Hldgs %
71%
Holding
40
New
11
Increased
10
Reduced
10
Closed
6
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Automatic Data Processing
ADP
|
+$3.13M |
| 2 |
General Motors
GM
|
+$3.06M |
| 3 |
MetLife
MET
|
+$3.06M |
| 4 |
Lockheed Martin
LMT
|
+$2.84M |
| 5 |
Carnival Corporation Ltd
CCL
|
+$2.18M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares S&P 100 ETF
OEF
|
+$19.7M |
| 2 |
Vanguard Morningstar Value ETF
VTV
|
+$14.4M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$3.24M |
| 4 |
Target
TGT
|
+$2.98M |
| 5 |
Best Buy
BBY
|
+$2.41M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.88% |
| 2 | Healthcare | 7.98% |
| 3 | Financials | 5.98% |
| 4 | Consumer Discretionary | 4.4% |
| 5 | Industrials | 4.38% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
McDonald's
MCD
$192B
| $1.38M | 0.91% |
+10,619
| New | +$1.33M |
|
27
Keurig Dr Pepper
KDP
$42.3B
| $1.33M | 0.88% |
13,545
-9,580
| -41% | -$894K |
|
28
SLB Ltd
SLB
$73.6B
| $1.31M | 0.87% |
16,788
| – | – |
|
29
LyondellBasell Industries
LYB
$20B
| $1.01M | 0.67% |
+11,049
| New | +$1.01M |
|
30
Nucor
NUE
$58.6B
| $756K | 0.5% |
12,651
+3,746
| +42% | +$229K |
|
31
Vanguard Morningstar Small-Cap ETF
VB
$79.5B
| $408K | 0.27% |
3,064
| – | – |
|
32
Vanguard S&P 500 ETF
VOO
$979B
| $298K | 0.2% |
1,378
-1,992
| -59% | -$425K |
|
33
SPDR Gold Trust
GLD
$131B
| $252K | 0.17% |
2,121
| – | – |
|
|
OKSB
34
DELISTED
Southwest Bancorp Inc/OK
OKSB
| $220K | 0.15% |
+8,410
| New | +$230K |
|
|
35
Best Buy
BBY
$18.2B
| – | – |
-56,375
| Closed | -$2.41M |
|
36
Ford
F
$58.5B
| – | – |
-18,374
| Closed | -$223K |
|
37
International Paper
IP
$21.6B
| – | – |
-15,228
| Closed | -$765K |
|
|
38
Target
TGT
$65.6B
| – | – |
-41,273
| Closed | -$2.98M |
|
|
39
Vanguard Morningstar Value ETF
VTV
$188B
| – | – |
-154,391
| Closed | -$14.4M |
|
40
Waste Management
WM
$90.6B
| – | – |
-30,772
| Closed | -$2.18M |
|
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Covenant Multifamily Offices's Q1 2017 Portfolio in Review
As of Q1 2017, Covenant Multifamily Offices held 40 positions worth $151M, down 7.6% from $163M the previous quarter. Its ten largest holdings account for 71% of the portfolio.
Covenant Multifamily Offices withdrew a net $20.7M in Q1 2017, closing 6 positions and reducing 10 holdings. Its most notable exit was Vanguard Morningstar Value ETF, an estimated $14.4M position sold in full.
By sector, the portfolio is most concentrated in Technology at 8.9% of assets, up from 6.4% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Covenant Multifamily Offices opened a new position in Automatic Data Processing worth $3.14M.
- Covenant Multifamily Offices's largest Q1 2017 buy was Automatic Data Processing: 30,677 shares worth $3.14M.
- Covenant Multifamily Offices added most to Valero Energy in Q1 2017, an estimated $1.23M increase.
- Covenant Multifamily Offices's biggest Q1 2017 reduction was iShares S&P 100 ETF, cutting an estimated $19.7M.
- Covenant Multifamily Offices fully exited Vanguard Morningstar Value ETF in Q1 2017, selling an estimated $14.4M.
- Covenant Multifamily Offices's ten largest holdings make up 71% of its $151M portfolio in Q1 2017.
- Covenant Multifamily Offices opened 11 new positions and closed 6 in Q1 2017.
- Covenant Multifamily Offices's portfolio value fell 7.6% quarter-over-quarter to $151M.
Based on Covenant Multifamily Offices's 13F filing for Q1 2017, filed 9 May 2017.