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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
+6.42%
1 Year Est. Return
+25.75%
3 Year Est. Return
+38.34%
5 Year Est. Return
+79.2%
10 Year Est. Return
–
AUM
$286M
AUM Growth
+$48M
Cap. Flow
+$34.6M
Cap. Flow %
12.13%
Top 10 Hldgs %
79.81%
Holding
54
New
12
Increased
7
Reduced
21
Closed
6

Top Buys

Rank Stock Value
1
QUAL icon
iShares MSCI USA Quality Factor ETF
QUAL
+$31.2M
2
IVV icon
iShares Core S&P 500 ETF
IVV
+$29.6M
3
IVW icon
iShares S&P 500 Growth ETF
IVW
+$10.8M
4
EWJ icon
iShares MSCI Japan ETF
EWJ
+$8.2M
5
IWP icon
iShares Russell Mid-Cap Growth ETF
IWP
+$6.2M

Top Sells

Rank Stock Value
1
ACWI icon
iShares MSCI ACWI ETF
ACWI
+$23.3M
2
EFA icon
iShares MSCI EAFE ETF
EFA
+$9.41M
3
OMC icon
Omnicom Group
OMC
+$4.2M
4
KLAC icon
KLA
KLAC
+$3.79M
5
IBM icon
IBM
IBM
+$3.48M

Sector Composition

Rank Sector Weight
1 Energy 4.54%
2 Technology 3.8%
3 Consumer Discretionary 2.97%
4 Healthcare 2.41%
5 Industrials 1.82%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IEFA icon
26
iShares Core MSCI EAFE ETF
IEFA
$190B
$1.89M 0.66%
+29,436
New +$1.88M
SLB icon
27
SLB Ltd
SLB
$73.6B
$1.54M 0.54%
25,366
-14,203
-36% -$914K
ACWI icon
28
iShares MSCI ACWI ETF
ACWI
$32.5B
$1.46M 0.51%
19,653
-319,088
-94% -$23.3M
CCL icon
29
Carnival Corporation Ltd
CCL
$38.1B
$1.44M 0.5%
22,524
-14,316
-39% -$869K
T icon
30
AT&T
T
$159B
$1.39M 0.49%
+54,972
New +$1.35M
BLK icon
31
Blackrock
BLK
$169B
$1.36M 0.48%
+2,891
New +$1.41M
IAU icon
32
iShares Gold Trust
IAU
$62.9B
$1.35M 0.47%
58,933
-38,015
-39% -$883K
CAG icon
33
Conagra Brands
CAG
$6.94B
$1.32M 0.46%
38,962
-25,951
-40% -$949K
PAYX icon
34
Paychex
PAYX
$41.6B
$1.27M 0.44%
17,195
-11,946
-41% -$859K
FAST icon
35
Fastenal
FAST
$54.7B
$1.14M 0.4%
78,468
-60,100
-43% -$856K
HSY icon
36
Hershey
HSY
$35.2B
$1.13M 0.4%
11,103
-5,481
-33% -$542K
NGL icon
37
NGL Energy Partners
NGL
$2.05B
$1.09M 0.38%
93,875
– –
WRK
38
DELISTED
WestRock Company
WRK
$874K 0.31%
16,362
-6,768
-29% -$379K
TWO
39
Two Harbors Investment
TWO
$1.27B
$832K 0.29%
13,934
– –
PGR icon
40
Progressive
PGR
$123B
$752K 0.26%
10,586
-9,454
-47% -$608K
EEM icon
41
iShares MSCI Emerging Markets ETF
EEM
$28.8B
$708K 0.25%
16,503
– –
ACN icon
42
Accenture
ACN
$102B
$613K 0.21%
3,603
– –
VB icon
43
Vanguard Morningstar Small-Cap ETF
VB
$79.5B
$498K 0.17%
3,064
– –
PX
44
DELISTED
Praxair Inc
PX
$494K 0.17%
3,070
-1,663
-35% -$267K
TRU icon
45
TransUnion
TRU
$15.1B
$408K 0.14%
5,549
– –
VOO icon
46
Vanguard S&P 500 ETF
VOO
$979B
$368K 0.13%
1,378
-1,510
-52% -$395K
FTCS icon
47
First Trust Capital Strength ETF
FTCS
$7.91B
$365K 0.13%
+6,613
New +$355K
GLD icon
48
SPDR Gold Trust
GLD
$131B
$278K 0.1%
2,469
– –
CAH icon
49
Cardinal Health
CAH
$53.9B
– –
-58,007
Closed -$2.83M
CMI icon
50
Cummins
CMI
$87.5B
– –
-19,676
Closed -$2.62M
1
2
3

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Covenant Multifamily Offices's Q3 2018 Portfolio in Review

As of Q3 2018, Covenant Multifamily Offices held 54 positions worth $286M, up 20% from $238M the previous quarter. Its ten largest holdings account for 80% of the portfolio.

Covenant Multifamily Offices deployed $34.6M of net new capital in Q3 2018, opening 12 new positions and adding to 7 existing holdings. Its largest new stake was iShares Core S&P 500 ETF: 103,203 shares worth $30.2M.

By sector, the portfolio is most concentrated in Energy at 4.5% of assets, down from 6.2% a quarter earlier, followed by Technology and Consumer Discretionary.

On the sell side, the largest reduction was iShares MSCI ACWI ETF, an estimated $23.3M trimmed.

  • Covenant Multifamily Offices's largest Q3 2018 buy was iShares Core S&P 500 ETF: 103,203 shares worth $30.2M.
  • Covenant Multifamily Offices added most to iShares MSCI USA Quality Factor ETF in Q3 2018, an estimated $31.2M increase.
  • Covenant Multifamily Offices's biggest Q3 2018 reduction was iShares MSCI ACWI ETF, cutting an estimated $23.3M.
  • Covenant Multifamily Offices fully exited Omnicom Group in Q3 2018, selling an estimated $4.2M.
  • Covenant Multifamily Offices's ten largest holdings make up 80% of its $286M portfolio in Q3 2018.
  • Covenant Multifamily Offices opened 12 new positions and closed 6 in Q3 2018.
  • Covenant Multifamily Offices's portfolio value rose 20% quarter-over-quarter to $286M.

Based on Covenant Multifamily Offices's 13F filing for Q3 2018, filed 5 Oct 2018.