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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
+5.59%
1 Year Est. Return
+25.75%
3 Year Est. Return
+38.34%
5 Year Est. Return
+79.2%
10 Year Est. Return
–
AUM
$152M
AUM Growth
+$2.54M
Cap. Flow
-$4.71M
Cap. Flow %
-3.09%
Top 10 Hldgs %
63.43%
Holding
131
New
93
Increased
1
Reduced
25
Closed
5

Top Buys

Rank Stock Value
1
SFNC icon
Simmons First National
SFNC
+$5.16M
2
EQBK icon
Equity Bancshares
EQBK
+$4.11M
3
IWM icon
iShares Russell 2000 ETF
IWM
+$1.94M
4
GBIL icon
Goldman Sachs Access Treasury 0-1 Year ETF
GBIL
+$1.45M
5
BA icon
Boeing
BA
+$1.01M

Top Sells

Rank Stock Value
1
CAH icon
Cardinal Health
CAH
+$3.97M
2
IAU icon
iShares Gold Trust
IAU
+$3.33M
3
EFA icon
iShares MSCI EAFE ETF
EFA
+$3.26M
4
CVS icon
CVS Health
CVS
+$2.83M
5
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$2.56M

Sector Composition

Rank Sector Weight
1 Financials 13.08%
2 Technology 10.28%
3 Industrials 6.25%
4 Consumer Discretionary 5.09%
5 Energy 3.95%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GBIL icon
26
Goldman Sachs Access Treasury 0-1 Year ETF
GBIL
$7.64B
$1.45M 0.95%
+14,500
New +$1.45M
KMB icon
27
Kimberly-Clark
KMB
$36.3B
$1.44M 0.95%
11,965
-1,570
-12% -$183K
LYB icon
28
LyondellBasell Industries
LYB
$20B
$1.22M 0.8%
11,031
-607
-5% -$63K
KDP icon
29
Keurig Dr Pepper
KDP
$42.3B
$1.2M 0.79%
12,381
-1,400
-10% -$126K
BA icon
30
Boeing
BA
$171B
$1.1M 0.72%
+3,721
New +$1.01M
TWO
31
Two Harbors Investment
TWO
$1.27B
$906K 0.6%
13,934
– –
EEM icon
32
iShares MSCI Emerging Markets ETF
EEM
$28.8B
$778K 0.51%
16,503
– –
VOO icon
33
Vanguard S&P 500 ETF
VOO
$979B
$708K 0.47%
2,888
– –
EMR icon
34
Emerson Electric
EMR
$83.9B
$520K 0.34%
+7,455
New +$483K
VB icon
35
Vanguard Morningstar Small-Cap ETF
VB
$79.5B
$453K 0.3%
3,064
– –
GLD icon
36
SPDR Gold Trust
GLD
$131B
$305K 0.2%
2,469
– –
T icon
37
AT&T
T
$159B
$235K 0.15%
+7,996
New +$218K
NUE icon
38
Nucor
NUE
$58.6B
$168K 0.11%
2,650
-10,568
-80% -$618K
VOE icon
39
Vanguard Morningstar Mid-Cap Value ETF
VOE
$23.7B
$153K 0.1%
+1,371
New +$148K
VV icon
40
Vanguard Morningstar Large-Cap ETF
VV
$52.4B
$137K 0.09%
+1,117
New +$133K
CB icon
41
Chubb
CB
$135B
$135K 0.09%
+922
New +$138K
NSH
42
DELISTED
NuStar GP Holdings LLC
NSH
$131K 0.09%
+8,328
New +$139K
VO icon
43
Vanguard Morningstar Mid-Cap ETF
VO
$106B
$116K 0.08%
+3,004
New +$113K
BKH icon
44
Black Hills Corp
BKH
$5.42B
$102K 0.07%
+1,699
New +$105K
BP icon
45
BP
BP
$116B
$95K 0.06%
+2,478
New +$89.8K
E icon
46
ENI
E
$80.5B
$76K 0.05%
+2,290
New +$75.5K
SCZ icon
47
iShares MSCI EAFE Small-Cap ETF
SCZ
$13.4B
$76K 0.05%
+1,182
New +$74.4K
IVV icon
48
iShares Core S&P 500 ETF
IVV
$878B
$75K 0.05%
+280
New +$73.3K
THO icon
49
Thor Industries
THO
$3.9B
$75K 0.05%
+500
New +$69.5K
GPMT
50
Granite Point Mortgage Trust
GPMT
$69M
$73K 0.05%
+4,140
New +$75.3K
1
2
3 4 5

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Covenant Multifamily Offices's Q4 2017 Portfolio in Review

As of Q4 2017, Covenant Multifamily Offices held 131 positions worth $152M, up 1.7% from $150M the previous quarter. Its ten largest holdings account for 63% of the portfolio.

Covenant Multifamily Offices withdrew a net $4.71M in Q4 2017, closing 5 positions and reducing 25 holdings. Its most notable exit was Cardinal Health, an estimated $3.97M position sold in full.

By sector, the portfolio is most concentrated in Financials at 13% of assets, up from 6.8% a quarter earlier, followed by Technology and Industrials.

Against the trend, Covenant Multifamily Offices opened a new position in Simmons First National worth $5.13M.

  • Covenant Multifamily Offices's largest Q4 2017 buy was Simmons First National: 179,596 shares worth $5.13M.
  • Covenant Multifamily Offices added most to iShares MSCI Japan ETF in Q4 2017, an estimated $34.8K increase.
  • Covenant Multifamily Offices's biggest Q4 2017 reduction was iShares Gold Trust, cutting an estimated $3.33M.
  • Covenant Multifamily Offices fully exited Cardinal Health in Q4 2017, selling an estimated $3.97M.
  • Covenant Multifamily Offices's ten largest holdings make up 63% of its $152M portfolio in Q4 2017.
  • Covenant Multifamily Offices opened 93 new positions and closed 5 in Q4 2017.
  • Covenant Multifamily Offices's portfolio value rose 1.7% quarter-over-quarter to $152M.

Based on Covenant Multifamily Offices's 13F filing for Q4 2017, filed 8 Feb 2018.