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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
+4.24%
1 Year Est. Return
+25.75%
3 Year Est. Return
+38.34%
5 Year Est. Return
+79.2%
10 Year Est. Return
–
AUM
$150M
AUM Growth
-$8.1M
(-5.1%)
Cap. Flow
-$14M
Cap. Flow
% of AUM
-9.37%
Top 10 Holdings %
Top 10 Hldgs %
66.46%
Holding
38
New
–
Increased
27
Reduced
5
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
TWO
Two Harbors Investment
TWO
|
+$605K |
| 2 |
iShares Gold Trust
IAU
|
+$475K |
| 3 |
Cardinal Health
CAH
|
+$168K |
| 4 |
Prudential Financial
PRU
|
+$72.6K |
| 5 |
Valero Energy
VLO
|
+$70.7K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI EAFE ETF
EFA
|
+$7.68M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$7.37M |
| 3 |
iShares Russell Mid-Cap Growth ETF
IWP
|
+$460K |
| 4 |
iShares MSCI Japan ETF
EWJ
|
+$199K |
| 5 |
Forestar Group
FOR
|
+$184K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 9.61% |
| 2 | Healthcare | 7.75% |
| 3 | Financials | 6.78% |
| 4 | Consumer Discretionary | 5.2% |
| 5 | Industrials | 5.14% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
SLB Ltd
SLB
$73.6B
| $1.26M | 0.84% |
18,076
+914
| +5% | +$60.4K |
|
27
Keurig Dr Pepper
KDP
$42.3B
| $1.22M | 0.82% |
13,781
+236
| +2% | +$21.4K |
|
28
LyondellBasell Industries
LYB
$20B
| $1.15M | 0.77% |
11,638
+238
| +2% | +$21.4K |
|
|
TWO
29
Two Harbors Investment
TWO
$1.27B
| $1.12M | 0.75% |
13,934
+7,563
| +119% | +$605K |
|
30
Nucor
NUE
$58.6B
| $741K | 0.5% |
13,218
+348
| +3% | +$19.7K |
|
31
iShares MSCI Emerging Markets ETF
EEM
$28.8B
| $739K | 0.49% |
16,503
| – | – |
|
32
Vanguard S&P 500 ETF
VOO
$979B
| $666K | 0.45% |
2,888
| – | – |
|
33
Vanguard FTSE Developed Markets ETF
VEA
$229B
| $501K | 0.34% |
11,530
+48
| +0.4% | +$2.04K |
|
34
Vanguard Morningstar Small-Cap ETF
VB
$79.5B
| $433K | 0.29% |
3,064
| – | – |
|
35
SPDR Gold Trust
GLD
$131B
| $300K | 0.2% |
2,469
+348
| +16% | +$42.3K |
|
|
OKSB
36
DELISTED
Southwest Bancorp Inc/OK
OKSB
| $232K | 0.16% |
8,410
| – | – |
|
37
Aegon
AEG
$14B
| $60K | 0.04% |
12,684
-1
| -0% | -$5 |
|
|
38
Forestar Group
FOR
$1.44B
| – | – |
-10,713
| Closed | -$184K |
|
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Covenant Multifamily Offices's Q3 2017 Portfolio in Review
As of Q3 2017, Covenant Multifamily Offices held 38 positions worth $150M, down 5.1% from $158M the previous quarter. Its ten largest holdings account for 66% of the portfolio.
Covenant Multifamily Offices withdrew a net $14M in Q3 2017, closing 1 position and reducing 5 holdings. Its most notable exit was Forestar Group, an estimated $184K position sold in full.
By sector, the portfolio is most concentrated in Technology at 9.6% of assets, up from 8.5% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Covenant Multifamily Offices added an estimated $605K to Two Harbors Investment.
- Covenant Multifamily Offices added most to Two Harbors Investment in Q3 2017, an estimated $605K increase.
- Covenant Multifamily Offices's biggest Q3 2017 reduction was iShares MSCI EAFE ETF, cutting an estimated $7.68M.
- Covenant Multifamily Offices fully exited Forestar Group in Q3 2017, selling an estimated $184K.
- Covenant Multifamily Offices's ten largest holdings make up 66% of its $150M portfolio in Q3 2017.
- Covenant Multifamily Offices opened 0 new positions and closed 1 in Q3 2017.
- Covenant Multifamily Offices's portfolio value fell 5.1% quarter-over-quarter to $150M.
Based on Covenant Multifamily Offices's 13F filing for Q3 2017, filed 9 Nov 2017.