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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
+3.7%
1 Year Est. Return
+25.75%
3 Year Est. Return
+38.34%
5 Year Est. Return
+79.2%
10 Year Est. Return
–
AUM
$456M
AUM Growth
+$147M
Cap. Flow
+$133M
Cap. Flow %
29.25%
Top 10 Hldgs %
68.3%
Holding
290
New
67
Increased
56
Reduced
11
Closed
148

Top Buys

Rank Stock Value
1
T icon
AT&T
T
+$77.1M
2
VIG icon
Vanguard Dividend Appreciation ETF
VIG
+$5.99M
3
FNDB icon
Schwab Fundamental US Broad Market Index ETF
FNDB
+$4.73M
4
SCHF icon
Schwab International Equity ETF
SCHF
+$4.68M
5
DJP icon
iPath Bloomberg Commodity Index Total Return ETN due 12 June 2036
DJP
+$3.89M

Top Sells

Rank Stock Value
1
VHT icon
Vanguard Health Care ETF
VHT
+$12.4M
2
VEA icon
Vanguard FTSE Developed Markets ETF
VEA
+$10M
3
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$7.32M
4
IWP icon
iShares Russell Mid-Cap Growth ETF
IWP
+$3.67M
5
QCOM icon
Qualcomm
QCOM
+$1.21M

Sector Composition

Rank Sector Weight
1 Communication Services 19.63%
2 Energy 3.83%
3 Consumer Discretionary 3.15%
4 Technology 3.08%
5 Healthcare 3.04%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GD icon
26
General Dynamics
GD
$104B
$2.07M 0.45%
11,377
+377
+3% +$64.9K
SCHE icon
27
Schwab Emerging Markets Equity ETF
SCHE
$12.6B
$1.89M 0.41%
+71,886
New +$1.86M
FNDX icon
28
Schwab Fundamental US Large Company Index ETF
FNDX
$26.7B
$1.81M 0.4%
+138,834
New +$1.78M
F icon
29
Ford
F
$58.5B
$1.78M 0.39%
174,440
+173,390
+16,513% +$1.71M
SBUX icon
30
Starbucks
SBUX
$120B
$1.74M 0.38%
20,777
+501
+2% +$39.3K
EEM icon
31
iShares MSCI Emerging Markets ETF
EEM
$28.8B
$1.72M 0.38%
40,146
-2,001
-5% -$85K
ADP icon
32
Automatic Data Processing
ADP
$106B
$1.72M 0.38%
10,405
+163
+2% +$26.5K
COR icon
33
Cencora
COR
$60.6B
$1.72M 0.38%
20,152
+885
+5% +$70K
APA icon
34
APA Corp
APA
$13.2B
$1.7M 0.37%
58,755
– –
IBTX
35
DELISTED
Independent Bank Group, Inc.
IBTX
$1.69M 0.37%
+30,828
New +$1.68M
OXY icon
36
Occidental Petroleum
OXY
$56.8B
$1.67M 0.37%
+33,148
New +$1.87M
OMC icon
37
Omnicom Group
OMC
$21.6B
$1.66M 0.36%
20,286
+936
+5% +$73.9K
EWEM
38
DELISTED
Invesco MSCI Emerging Markets Equal Country Weight ETF
EWEM
$1.6M 0.35%
+49,817
New +$1.57M
AVGO icon
39
Broadcom
AVGO
$1.85T
$1.58M 0.35%
+55,000
New +$1.6M
JJG
40
DELISTED
iPath Series B Bloomberg Grains Subindex Total ReturnSM ETN
JJG
$1.54M 0.34%
+32,264
New +$1.46M
CMCSA icon
41
Comcast
CMCSA
$85B
$1.53M 0.34%
36,208
+580
+2% +$24.5K
PRU icon
42
Prudential Financial
PRU
$42.4B
$1.5M 0.33%
14,812
+303
+2% +$30.2K
STT icon
43
State Street
STT
$50.6B
$1.48M 0.32%
26,308
+2,054
+8% +$128K
ABBV icon
44
AbbVie
ABBV
$443B
$1.47M 0.32%
+20,172
New +$1.59M
MFC icon
45
Manulife Financial
MFC
$73.9B
$1.45M 0.32%
+79,698
New +$1.42M
RTN
46
DELISTED
Raytheon Company
RTN
$1.42M 0.31%
8,153
+2,107
+35% +$379K
SLB icon
47
SLB Ltd
SLB
$73.6B
$1.4M 0.31%
35,316
+3,439
+11% +$139K
UNH icon
48
UnitedHealth
UNH
$376B
$1.4M 0.31%
5,745
-458
-7% -$110K
SCHM icon
49
Schwab US Mid-Cap ETF
SCHM
$14.5B
$1.4M 0.31%
+73,476
New +$1.37M
MSFT icon
50
Microsoft
MSFT
$3.45T
$1.39M 0.3%
10,347
+9,305
+893% +$1.18M
1
2
3 4 5

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Covenant Multifamily Offices's Q2 2019 Portfolio in Review

As of Q2 2019, Covenant Multifamily Offices held 290 positions worth $456M, up 48% from $309M the previous quarter. Its ten largest holdings account for 68% of the portfolio.

Covenant Multifamily Offices deployed $133M of net new capital in Q2 2019, opening 67 new positions and adding to 56 existing holdings. Its largest new stake was AT&T: 3,214,734 shares worth $81.4M.

By sector, the portfolio is most concentrated in Communication Services at 20% of assets, up from 1.4% a quarter earlier, followed by Energy and Consumer Discretionary.

On the sell side, the largest reduction was Vanguard FTSE Developed Markets ETF, an estimated $10M trimmed.

  • Covenant Multifamily Offices's largest Q2 2019 buy was AT&T: 3,214,734 shares worth $81.4M.
  • Covenant Multifamily Offices added most to Vanguard Dividend Appreciation ETF in Q2 2019, an estimated $5.99M increase.
  • Covenant Multifamily Offices's biggest Q2 2019 reduction was Vanguard FTSE Developed Markets ETF, cutting an estimated $10M.
  • Covenant Multifamily Offices fully exited Vanguard Health Care ETF in Q2 2019, selling an estimated $12.4M.
  • Covenant Multifamily Offices's ten largest holdings make up 68% of its $456M portfolio in Q2 2019.
  • Covenant Multifamily Offices opened 67 new positions and closed 148 in Q2 2019.
  • Covenant Multifamily Offices's portfolio value rose 48% quarter-over-quarter to $456M.

Based on Covenant Multifamily Offices's 13F filing for Q2 2019, filed 31 Jul 2019.