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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
+12.82%
1 Year Est. Return
+25.75%
3 Year Est. Return
+38.34%
5 Year Est. Return
+79.2%
10 Year Est. Return
–
AUM
$309M
AUM Growth
+$47.5M
Cap. Flow
+$14.2M
Cap. Flow %
4.59%
Top 10 Hldgs %
78.7%
Holding
226
New
171
Increased
31
Reduced
11
Closed
3

Top Buys

Rank Stock Value
1
QUAL icon
iShares MSCI USA Quality Factor ETF
QUAL
+$1.96M
2
GD icon
General Dynamics
GD
+$1.85M
3
IEFA icon
iShares Core MSCI EAFE ETF
IEFA
+$1.5M
4
VIG icon
Vanguard Dividend Appreciation ETF
VIG
+$1.36M
5
GSG icon
iShares S&P GSCI Commodity-Indexed Trust
GSG
+$996K

Top Sells

Rank Stock Value
1
BA icon
Boeing
BA
+$1.71M
2
IWP icon
iShares Russell Mid-Cap Growth ETF
IWP
+$1.61M
3
IVW icon
iShares S&P 500 Growth ETF
IVW
+$942K
4
ACN icon
Accenture
ACN
+$508K
5
TRU icon
TransUnion
TRU
+$315K

Sector Composition

Rank Sector Weight
1 Energy 3.82%
2 Technology 2.98%
3 Consumer Discretionary 2.32%
4 Healthcare 2.3%
5 Financials 1.43%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CMCSA icon
26
Comcast
CMCSA
$85B
$1.42M 0.46%
35,628
+825
+2% +$31K
OMC icon
27
Omnicom Group
OMC
$21.6B
$1.41M 0.46%
19,350
+408
+2% +$30.6K
SLB icon
28
SLB Ltd
SLB
$73.6B
$1.39M 0.45%
31,877
+1,096
+4% +$47.4K
PRU icon
29
Prudential Financial
PRU
$42.4B
$1.33M 0.43%
14,509
+421
+3% +$38.8K
QCOM icon
30
Qualcomm
QCOM
$155B
$1.21M 0.39%
21,289
+1,209
+6% +$65.3K
CVS icon
31
CVS Health
CVS
$133B
$1.14M 0.37%
21,159
+681
+3% +$42K
RTN
32
DELISTED
Raytheon Company
RTN
$1.1M 0.36%
6,046
-465
-7% -$81.1K
GLW icon
33
Corning
GLW
$119B
$1.08M 0.35%
32,520
+810
+3% +$26.6K
VZ icon
34
Verizon
VZ
$195B
$1.03M 0.33%
17,512
+66
+0.4% +$3.74K
GSG icon
35
iShares S&P GSCI Commodity-Indexed Trust
GSG
$998M
$1.03M 0.33%
+64,628
New +$996K
MDLZ icon
36
Mondelez International
MDLZ
$79.5B
$1.01M 0.33%
20,283
-423
-2% -$19.4K
COF icon
37
Capital One
COF
$128B
$981K 0.32%
12,014
+299
+3% +$24.3K
IWM icon
38
iShares Russell 2000 ETF
IWM
$79.8B
$975K 0.32%
6,371
– –
KMI icon
39
Kinder Morgan
KMI
$71.7B
$954K 0.31%
47,701
+1,308
+3% +$24.4K
MDT icon
40
Medtronic
MDT
$109B
$874K 0.28%
9,601
-966
-9% -$86.5K
XLE icon
41
State Street Energy Select Sector SPDR ETF
XLE
$39.6B
$826K 0.27%
25,000
– –
VO icon
42
Vanguard Morningstar Mid-Cap ETF
VO
$106B
$783K 0.25%
19,484
-2,860
-13% -$110K
TWO
43
Two Harbors Investment
TWO
$1.27B
$754K 0.24%
13,934
– –
GPMT
44
Granite Point Mortgage Trust
GPMT
$69M
$722K 0.23%
38,890
– –
CAT icon
45
Caterpillar
CAT
$375B
$673K 0.22%
4,965
+137
+3% +$18.2K
IP icon
46
International Paper
IP
$21.6B
$637K 0.21%
14,527
+438
+3% +$19K
BP icon
47
BP
BP
$116B
$600K 0.19%
13,954
-205
-1% -$8.4K
IGIB icon
48
iShares 5-10 Year Investment Grade Corporate Bond ETF
IGIB
$18.5B
$523K 0.17%
+9,477
New +$509K
VFC icon
49
VF Corp
VFC
$5.63B
$505K 0.16%
6,165
+154
+3% +$12K
VB icon
50
Vanguard Morningstar Small-Cap ETF
VB
$79.5B
$468K 0.15%
3,064
– –
1
2
3 4 5

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Covenant Multifamily Offices's Q1 2019 Portfolio in Review

As of Q1 2019, Covenant Multifamily Offices held 226 positions worth $309M, up 18% from $262M the previous quarter. Its ten largest holdings account for 79% of the portfolio.

Covenant Multifamily Offices deployed $14.2M of net new capital in Q1 2019, opening 171 new positions and adding to 31 existing holdings. Its largest new stake was General Dynamics: 11,000 shares worth $1.86M.

By sector, the portfolio is most concentrated in Energy at 3.8% of assets, up from 3.6% a quarter earlier, followed by Technology and Consumer Discretionary.

On the sell side, the largest reduction was iShares Russell Mid-Cap Growth ETF, an estimated $1.61M trimmed.

  • Covenant Multifamily Offices's largest Q1 2019 buy was General Dynamics: 11,000 shares worth $1.86M.
  • Covenant Multifamily Offices added most to iShares MSCI USA Quality Factor ETF in Q1 2019, an estimated $1.96M increase.
  • Covenant Multifamily Offices's biggest Q1 2019 reduction was iShares Russell Mid-Cap Growth ETF, cutting an estimated $1.61M.
  • Covenant Multifamily Offices fully exited Boeing in Q1 2019, selling an estimated $1.71M.
  • Covenant Multifamily Offices's ten largest holdings make up 79% of its $309M portfolio in Q1 2019.
  • Covenant Multifamily Offices opened 171 new positions and closed 3 in Q1 2019.
  • Covenant Multifamily Offices's portfolio value rose 18% quarter-over-quarter to $309M.

Based on Covenant Multifamily Offices's 13F filing for Q1 2019, filed 30 Apr 2019.