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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
-1.15%
1 Year Est. Return
+25.75%
3 Year Est. Return
+38.34%
5 Year Est. Return
+79.2%
10 Year Est. Return
–
AUM
$167M
AUM Growth
+$14.5M
Cap. Flow
+$17.3M
Cap. Flow %
10.39%
Top 10 Hldgs %
63.69%
Holding
146
New
20
Increased
12
Reduced
12
Closed
95

Top Buys

Rank Stock Value
1
QUAL icon
iShares MSCI USA Quality Factor ETF
QUAL
+$21.9M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$20.1M
3
CAH icon
Cardinal Health
CAH
+$3.85M
4
HPQ icon
HP
HPQ
+$3.82M
5
KLAC icon
KLA
KLAC
+$3.81M

Top Sells

Rank Stock Value
1
EFA icon
iShares MSCI EAFE ETF
EFA
+$22.3M
2
VLO icon
Valero Energy
VLO
+$5.18M
3
SFNC icon
Simmons First National
SFNC
+$5.13M
4
CSCO icon
Cisco
CSCO
+$4.37M
5
EQBK icon
Equity Bancshares
EQBK
+$4.19M

Sector Composition

Rank Sector Weight
1 Technology 10.64%
2 Healthcare 5.91%
3 Industrials 5.78%
4 Consumer Discretionary 4.98%
5 Energy 4.67%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FAST icon
26
Fastenal
FAST
$54.7B
$1.74M 1.05%
+127,580
New +$1.76M
PAYX icon
27
Paychex
PAYX
$41.6B
$1.67M 1%
27,113
+26,163
+2,754% +$1.73M
MCD icon
28
McDonald's
MCD
$192B
$1.63M 0.98%
10,390
+34
+0.3% +$5.59K
HSY icon
29
Hershey
HSY
$35.2B
$1.49M 0.9%
15,078
+14,835
+6,105% +$1.53M
APA icon
30
APA Corp
APA
$13.2B
$1.45M 0.87%
37,570
+36,190
+2,622% +$1.46M
WRK
31
DELISTED
WestRock Company
WRK
$1.35M 0.81%
+21,026
New +$1.39M
BA icon
32
Boeing
BA
$171B
$1.23M 0.74%
3,738
+17
+0.5% +$5.74K
PGR icon
33
Progressive
PGR
$123B
$1.16M 0.7%
+19,033
New +$1.09M
NGL icon
34
NGL Energy Partners
NGL
$2.05B
$1.03M 0.62%
+93,875
New +$1.29M
TWO
35
Two Harbors Investment
TWO
$1.27B
$857K 0.51%
13,934
– –
EEM icon
36
iShares MSCI Emerging Markets ETF
EEM
$28.8B
$797K 0.48%
16,503
– –
VOO icon
37
Vanguard S&P 500 ETF
VOO
$979B
$699K 0.42%
2,888
– –
T icon
38
AT&T
T
$159B
$683K 0.41%
25,360
+17,364
+217% +$483K
PX
39
DELISTED
Praxair Inc
PX
$613K 0.37%
+4,247
New +$661K
ACN icon
40
Accenture
ACN
$102B
$553K 0.33%
+3,603
New +$571K
EMR icon
41
Emerson Electric
EMR
$83.9B
$513K 0.31%
7,507
+52
+0.7% +$3.7K
VB icon
42
Vanguard Morningstar Small-Cap ETF
VB
$79.5B
$450K 0.27%
3,064
– –
IWD icon
43
iShares Russell 1000 Value ETF
IWD
$82.2B
$421K 0.25%
+3,508
New +$437K
VLO icon
44
Valero Energy
VLO
$90.1B
$419K 0.25%
4,516
-55,481
-92% -$5.18M
CSCO icon
45
Cisco
CSCO
$457B
$352K 0.21%
8,217
-103,090
-93% -$4.37M
BLK icon
46
Blackrock
BLK
$169B
$316K 0.19%
583
-5,909
-91% -$3.24M
TRU icon
47
TransUnion
TRU
$15.1B
$315K 0.19%
+5,549
New +$320K
GLD icon
48
SPDR Gold Trust
GLD
$131B
$311K 0.19%
2,469
– –
ADP icon
49
Automatic Data Processing
ADP
$106B
$240K 0.14%
2,111
-27,059
-93% -$3.16M
PRU icon
50
Prudential Financial
PRU
$42.4B
$227K 0.14%
2,190
-29,625
-93% -$3.34M
1
2
3 4 5

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Covenant Multifamily Offices's Q1 2018 Portfolio in Review

As of Q1 2018, Covenant Multifamily Offices held 146 positions worth $167M, up 9.5% from $152M the previous quarter. Its ten largest holdings account for 64% of the portfolio.

Covenant Multifamily Offices deployed $17.3M of net new capital in Q1 2018, opening 20 new positions and adding to 12 existing holdings. Its largest new stake was iShares MSCI USA Quality Factor ETF: 258,332 shares worth $21.4M.

By sector, the portfolio is most concentrated in Technology at 11% of assets, up from 10% a quarter earlier, followed by Healthcare and Industrials.

On the sell side, the largest reduction was iShares MSCI EAFE ETF, an estimated $22.3M trimmed.

  • Covenant Multifamily Offices's largest Q1 2018 buy was iShares MSCI USA Quality Factor ETF: 258,332 shares worth $21.4M.
  • Covenant Multifamily Offices added most to State Street SPDR S&P 500 ETF Trust in Q1 2018, an estimated $20.1M increase.
  • Covenant Multifamily Offices's biggest Q1 2018 reduction was iShares MSCI EAFE ETF, cutting an estimated $22.3M.
  • Covenant Multifamily Offices fully exited Simmons First National in Q1 2018, selling an estimated $5.13M.
  • Covenant Multifamily Offices's ten largest holdings make up 64% of its $167M portfolio in Q1 2018.
  • Covenant Multifamily Offices opened 20 new positions and closed 95 in Q1 2018.
  • Covenant Multifamily Offices's portfolio value rose 9.5% quarter-over-quarter to $167M.

Based on Covenant Multifamily Offices's 13F filing for Q1 2018, filed 23 Apr 2018.