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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
+0.57%
1 Year Est. Return
+25.75%
3 Year Est. Return
+38.34%
5 Year Est. Return
+79.2%
10 Year Est. Return
–
AUM
$238M
AUM Growth
+$71M
Cap. Flow
+$72.7M
Cap. Flow %
30.62%
Top 10 Hldgs %
72.26%
Holding
52
New
2
Increased
25
Reduced
5
Closed
10

Top Buys

Rank Stock Value
1
ACWI icon
iShares MSCI ACWI ETF
ACWI
+$24.6M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$16.1M
3
IWM icon
iShares Russell 2000 ETF
IWM
+$11.7M
4
QUAL icon
iShares MSCI USA Quality Factor ETF
QUAL
+$8.48M
5
XOM icon
ExxonMobil
XOM
+$6.26M

Top Sells

Rank Stock Value
1
MCD icon
McDonald's
MCD
+$1.63M
2
BA icon
Boeing
BA
+$1.23M
3
T icon
AT&T
T
+$683K
4
EMR icon
Emerson Electric
EMR
+$513K
5
IWD icon
iShares Russell 1000 Value ETF
IWD
+$421K

Sector Composition

Rank Sector Weight
1 Technology 7.47%
2 Energy 6.19%
3 Healthcare 4.02%
4 Consumer Discretionary 3.84%
5 Industrials 3%
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
$2.04M 0.86%
20,410
-1,351
-6% -$135K
PAYX icon
27
Paychex
PAYX
$41.6B
$1.99M 0.84%
29,141
+2,028
+7% +$131K
PFG icon
28
Principal Financial Group
PFG
$24.3B
$1.81M 0.76%
34,169
+3,831
+13% +$223K
APA icon
29
APA Corp
APA
$13.2B
$1.76M 0.74%
37,570
– –
FAST icon
30
Fastenal
FAST
$54.7B
$1.67M 0.7%
138,568
+10,988
+9% +$142K
HSY icon
31
Hershey
HSY
$35.2B
$1.54M 0.65%
16,584
+1,506
+10% +$140K
WRK
32
DELISTED
WestRock Company
WRK
$1.32M 0.56%
23,130
+2,104
+10% +$129K
PGR icon
33
Progressive
PGR
$123B
$1.19M 0.5%
20,040
+1,007
+5% +$61.6K
NGL icon
34
NGL Energy Partners
NGL
$2.05B
$1.17M 0.49%
93,875
– –
TWO
35
Two Harbors Investment
TWO
$1.27B
$881K 0.37%
13,934
– –
PX
36
DELISTED
Praxair Inc
PX
$749K 0.32%
4,733
+486
+11% +$75.1K
VOO icon
37
Vanguard S&P 500 ETF
VOO
$979B
$721K 0.3%
2,888
– –
EEM icon
38
iShares MSCI Emerging Markets ETF
EEM
$28.8B
$715K 0.3%
16,503
– –
ACN icon
39
Accenture
ACN
$102B
$589K 0.25%
3,603
– –
VB icon
40
Vanguard Morningstar Small-Cap ETF
VB
$79.5B
$477K 0.2%
3,064
– –
TRU icon
41
TransUnion
TRU
$15.1B
$398K 0.17%
5,549
– –
GLD icon
42
SPDR Gold Trust
GLD
$131B
$293K 0.12%
2,469
– –
ADP icon
43
Automatic Data Processing
ADP
$106B
– –
-2,111
Closed -$240K
BA icon
44
Boeing
BA
$171B
– –
-3,738
Closed -$1.23M
BLK icon
45
Blackrock
BLK
$169B
– –
-583
Closed -$316K
CSCO icon
46
Cisco
CSCO
$457B
– –
-8,217
Closed -$352K
EMR icon
47
Emerson Electric
EMR
$83.9B
– –
-7,507
Closed -$513K
IWD icon
48
iShares Russell 1000 Value ETF
IWD
$82.2B
– –
-3,508
Closed -$421K
MCD icon
49
McDonald's
MCD
$192B
– –
-10,390
Closed -$1.63M
PRU icon
50
Prudential Financial
PRU
$42.4B
– –
-2,190
Closed -$227K
1
2
3

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Covenant Multifamily Offices's Q2 2018 Portfolio in Review

As of Q2 2018, Covenant Multifamily Offices held 52 positions worth $238M, up 43% from $167M the previous quarter. Its ten largest holdings account for 72% of the portfolio.

Covenant Multifamily Offices deployed $72.7M of net new capital in Q2 2018, opening 2 new positions and adding to 25 existing holdings. Its largest new stake was iShares MSCI ACWI ETF: 338,741 shares worth $24.1M.

By sector, the portfolio is most concentrated in Technology at 7.5% of assets, down from 11% a quarter earlier, followed by Energy and Healthcare.

On the sell side, the largest reduction was Goldman Sachs Access Treasury 0-1 Year ETF, an estimated $135K trimmed.

  • Covenant Multifamily Offices's largest Q2 2018 buy was iShares MSCI ACWI ETF: 338,741 shares worth $24.1M.
  • Covenant Multifamily Offices added most to State Street SPDR S&P 500 ETF Trust in Q2 2018, an estimated $16.1M increase.
  • Covenant Multifamily Offices's biggest Q2 2018 reduction was Goldman Sachs Access Treasury 0-1 Year ETF, cutting an estimated $135K.
  • Covenant Multifamily Offices fully exited McDonald's in Q2 2018, selling an estimated $1.63M.
  • Covenant Multifamily Offices's ten largest holdings make up 72% of its $238M portfolio in Q2 2018.
  • Covenant Multifamily Offices opened 2 new positions and closed 10 in Q2 2018.
  • Covenant Multifamily Offices's portfolio value rose 43% quarter-over-quarter to $238M.

Based on Covenant Multifamily Offices's 13F filing for Q2 2018, filed 7 Aug 2018.