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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
-13.85%
1 Year Est. Return
+25.75%
3 Year Est. Return
+38.34%
5 Year Est. Return
+79.2%
10 Year Est. Return
–
AUM
$262M
AUM Growth
-$24.1M
Cap. Flow
+$14.1M
Cap. Flow %
5.37%
Top 10 Hldgs %
81.67%
Holding
76
New
28
Increased
6
Reduced
15
Closed
21

Top Buys

Rank Stock Value
1
VEA icon
Vanguard FTSE Developed Markets ETF
VEA
+$41.4M
2
VIG icon
Vanguard Dividend Appreciation ETF
VIG
+$31.6M
3
VHT icon
Vanguard Health Care ETF
VHT
+$12.1M
4
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$9.14M
5
IWV icon
iShares Russell 3000 ETF
IWV
+$4.64M

Top Sells

Rank Stock Value
1
IVV icon
iShares Core S&P 500 ETF
IVV
+$27.1M
2
EWJ icon
iShares MSCI Japan ETF
EWJ
+$13.9M
3
EFA icon
iShares MSCI EAFE ETF
EFA
+$12M
4
IWM icon
iShares Russell 2000 ETF
IWM
+$9.97M
5
QUAL icon
iShares MSCI USA Quality Factor ETF
QUAL
+$8.67M

Sector Composition

Rank Sector Weight
1 Energy 3.58%
2 Technology 2.88%
3 Healthcare 2.65%
4 Consumer Discretionary 2.17%
5 Financials 1.47%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SBUX icon
26
Starbucks
SBUX
$120B
$1.27M 0.49%
19,796
-19,801
-50% -$1.24M
CMCSA icon
27
Comcast
CMCSA
$85B
$1.19M 0.45%
+34,803
New +$1.27M
PRU icon
28
Prudential Financial
PRU
$42.4B
$1.15M 0.44%
+14,088
New +$1.3M
QCOM icon
29
Qualcomm
QCOM
$155B
$1.14M 0.44%
+20,080
New +$1.22M
SLB icon
30
SLB Ltd
SLB
$73.6B
$1.11M 0.42%
30,781
+5,415
+21% +$267K
RTN
31
DELISTED
Raytheon Company
RTN
$998K 0.38%
+6,511
New +$1.17M
VZ icon
32
Verizon
VZ
$195B
$981K 0.38%
+17,446
New +$990K
MDT icon
33
Medtronic
MDT
$109B
$961K 0.37%
10,567
-12,259
-54% -$1.15M
GLW icon
34
Corning
GLW
$119B
$958K 0.37%
+31,710
New +$1.01M
COF icon
35
Capital One
COF
$128B
$886K 0.34%
+11,715
New +$1.01M
IWM icon
36
iShares Russell 2000 ETF
IWM
$79.8B
$853K 0.33%
6,371
-66,787
-91% -$9.97M
IVV icon
37
iShares Core S&P 500 ETF
IVV
$878B
$830K 0.32%
3,300
-99,903
-97% -$27.1M
MDLZ icon
38
Mondelez International
MDLZ
$79.5B
$829K 0.32%
+20,706
New +$883K
VO icon
39
Vanguard Morningstar Mid-Cap ETF
VO
$106B
$772K 0.3%
+22,344
New +$839K
XLE icon
40
State Street Energy Select Sector SPDR ETF
XLE
$39.6B
$717K 0.27%
+25,000
New +$836K
TWO
41
Two Harbors Investment
TWO
$1.27B
$716K 0.27%
13,934
– –
KMI icon
42
Kinder Morgan
KMI
$71.7B
$714K 0.27%
+46,393
New +$785K
GPMT
43
Granite Point Mortgage Trust
GPMT
$69M
$701K 0.27%
+38,890
New +$723K
CAT icon
44
Caterpillar
CAT
$375B
$613K 0.23%
+4,828
New +$628K
IP icon
45
International Paper
IP
$21.6B
$538K 0.21%
+14,089
New +$591K
BP icon
46
BP
BP
$116B
$520K 0.2%
+14,159
New +$565K
ACN icon
47
Accenture
ACN
$102B
$508K 0.19%
3,603
– –
IAU icon
48
iShares Gold Trust
IAU
$62.9B
$507K 0.19%
20,633
-38,300
-65% -$902K
VB icon
49
Vanguard Morningstar Small-Cap ETF
VB
$79.5B
$404K 0.15%
3,064
– –
VFC icon
50
VF Corp
VFC
$5.63B
$404K 0.15%
+6,011
New +$460K
1
2
3 4

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Covenant Multifamily Offices's Q4 2018 Portfolio in Review

As of Q4 2018, Covenant Multifamily Offices held 76 positions worth $262M, down 8.4% from $286M the previous quarter. Its ten largest holdings account for 82% of the portfolio.

Covenant Multifamily Offices deployed $14.1M of net new capital in Q4 2018, opening 28 new positions and adding to 6 existing holdings. Its largest new stake was Vanguard FTSE Developed Markets ETF: 1,045,717 shares worth $38.8M.

By sector, the portfolio is most concentrated in Energy at 3.6% of assets, down from 4.5% a quarter earlier, followed by Technology and Healthcare.

On the sell side, the largest reduction was iShares Core S&P 500 ETF, an estimated $27.1M trimmed.

  • Covenant Multifamily Offices's largest Q4 2018 buy was Vanguard FTSE Developed Markets ETF: 1,045,717 shares worth $38.8M.
  • Covenant Multifamily Offices added most to State Street SPDR S&P 500 ETF Trust in Q4 2018, an estimated $9.14M increase.
  • Covenant Multifamily Offices's biggest Q4 2018 reduction was iShares Core S&P 500 ETF, cutting an estimated $27.1M.
  • Covenant Multifamily Offices fully exited iShares MSCI Japan ETF in Q4 2018, selling an estimated $13.9M.
  • Covenant Multifamily Offices's ten largest holdings make up 82% of its $262M portfolio in Q4 2018.
  • Covenant Multifamily Offices opened 28 new positions and closed 21 in Q4 2018.
  • Covenant Multifamily Offices's portfolio value fell 8.4% quarter-over-quarter to $262M.

Based on Covenant Multifamily Offices's 13F filing for Q4 2018, filed 11 Feb 2019.