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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
+6.22%
1 Year Est. Return
+25.75%
3 Year Est. Return
+38.34%
5 Year Est. Return
+79.2%
10 Year Est. Return
–
AUM
$586M
AUM Growth
+$120M
Cap. Flow
+$213M
Cap. Flow %
36.4%
Top 10 Hldgs %
58.34%
Holding
192
New
52
Increased
102
Reduced
32
Closed
4

Top Buys

Rank Stock Value
1
DVA icon
DaVita
DVA
+$24.1M
2
FDX icon
FedEx
FDX
+$20.4M
3
RTN
Raytheon Company
RTN
+$16.3M
4
SO icon
Southern Company
SO
+$10.5M
5
MMM icon
3M
MMM
+$9.57M

Top Sells

Rank Stock Value
1
FNDX icon
Schwab Fundamental US Large Company Index ETF
FNDX
+$1.96M
2
MSFT icon
Microsoft
MSFT
+$1.39M
3
GDXJ icon
VanEck Junior Gold Miners ETF
GDXJ
+$991K
4
GLW icon
Corning
GLW
+$812K
5
IAU icon
iShares Gold Trust
IAU
+$463K

Sector Composition

Rank Sector Weight
1 Communication Services 18.14%
2 Healthcare 4.54%
3 Consumer Discretionary 3.75%
4 Technology 3.37%
5 Industrials 3.31%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WFC icon
26
Wells Fargo
WFC
$261B
$3.21M 0.55%
45,731
+22,874
+100% +$1.2M
F icon
27
Ford
F
$58.5B
$3.14M 0.54%
337,521
+156,489
+86% +$1.41M
GD icon
28
General Dynamics
GD
$104B
$3.12M 0.53%
17,683
+6,243
+55% +$1.12M
SBUX icon
29
Starbucks
SBUX
$120B
$3.12M 0.53%
44,608
+23,755
+114% +$2.03M
OMC icon
30
Omnicom Group
OMC
$21.6B
$3.08M 0.53%
55,511
+34,320
+162% +$2.69M
KMI icon
31
Kinder Morgan
KMI
$71.7B
$3.03M 0.52%
137,769
+4,642
+3% +$94K
VZ icon
32
Verizon
VZ
$195B
$2.98M 0.51%
48,539
+264
+0.5% +$15.9K
PRU icon
33
Prudential Financial
PRU
$42.4B
$2.92M 0.5%
31,625
+3,183
+11% +$292K
PFE icon
34
Pfizer
PFE
$143B
$2.89M 0.49%
63,154
+28,980
+85% +$1.03M
DOW icon
35
Dow Inc
DOW
$21.9B
$2.78M 0.47%
50,793
+28,405
+127% +$1.47M
DAL icon
36
Delta Air Lines
DAL
$57.5B
$2.77M 0.47%
47,356
+29,163
+160% +$1.64M
DVA icon
37
DaVita
DVA
$15.4B
$2.68M 0.46%
+363,795
New +$24.1M
IJR icon
38
iShares Core S&P Small-Cap ETF
IJR
$109B
$2.68M 0.46%
30,959
+1,063
+4% +$85.5K
TXN icon
39
Texas Instruments
TXN
$252B
$2.67M 0.46%
22,201
+2,331
+12% +$288K
WBA
40
DELISTED
Walgreens Boots Alliance
WBA
$2.67M 0.46%
31,671
+9,096
+40% +$524K
UNH icon
41
UnitedHealth
UNH
$376B
$2.65M 0.45%
25,071
+19,325
+336% +$5.06M
SLB icon
42
SLB Ltd
SLB
$73.6B
$2.37M 0.4%
62,701
-6,034
-9% -$215K
VB icon
43
Vanguard Morningstar Small-Cap ETF
VB
$79.5B
$2.31M 0.39%
28,532
+21,967
+335% +$3.5M
FDX icon
44
FedEx
FDX
$72.7B
$2.28M 0.39%
+132,367
New +$20.4M
PID icon
45
Invesco International Dividend Achievers ETF
PID
$926M
$2.26M 0.39%
132,189
-627
-0.5% -$10.3K
BBY icon
46
Best Buy
BBY
$18.2B
$2.18M 0.37%
24,874
+11,921
+92% +$912K
ADP icon
47
Automatic Data Processing
ADP
$106B
$2.16M 0.37%
12,664
+2,210
+21% +$366K
SCHE icon
48
Schwab Emerging Markets Equity ETF
SCHE
$12.6B
$2.1M 0.36%
76,915
-624
-0.8% -$16.4K
META icon
49
Meta Platforms (Facebook)
META
$1.42T
$2.01M 0.34%
32,301
+30,901
+2,207% +$5.99M
SYF icon
50
Synchrony
SYF
$24.7B
$1.98M 0.34%
55,972
+6,959
+14% +$249K
1
2
3 4 5

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Covenant Multifamily Offices's Q4 2019 Portfolio in Review

As of Q4 2019, Covenant Multifamily Offices held 192 positions worth $586M, up 26% from $465M the previous quarter. Its ten largest holdings account for 58% of the portfolio.

Covenant Multifamily Offices deployed $213M of net new capital in Q4 2019, opening 52 new positions and adding to 102 existing holdings. Its largest new stake was DaVita: 363,795 shares worth $2.68M.

By sector, the portfolio is most concentrated in Communication Services at 18% of assets, down from 21% a quarter earlier, followed by Healthcare and Consumer Discretionary.

On the sell side, the largest reduction was Microsoft, an estimated $1.39M trimmed.

  • Covenant Multifamily Offices's largest Q4 2019 buy was DaVita: 363,795 shares worth $2.68M.
  • Covenant Multifamily Offices added most to Raytheon Company in Q4 2019, an estimated $16.3M increase.
  • Covenant Multifamily Offices's biggest Q4 2019 reduction was Microsoft, cutting an estimated $1.39M.
  • Covenant Multifamily Offices fully exited Schwab Fundamental US Large Company Index ETF in Q4 2019, selling an estimated $1.96M.
  • Covenant Multifamily Offices's ten largest holdings make up 58% of its $586M portfolio in Q4 2019.
  • Covenant Multifamily Offices opened 52 new positions and closed 4 in Q4 2019.
  • Covenant Multifamily Offices's portfolio value rose 26% quarter-over-quarter to $586M.

Based on Covenant Multifamily Offices's 13F filing for Q4 2019, filed 31 Jan 2020.