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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
-20.23%
1 Year Est. Return
+25.75%
3 Year Est. Return
+38.34%
5 Year Est. Return
+79.2%
10 Year Est. Return
–
AUM
$397M
AUM Growth
-$188M
Cap. Flow
-$106M
Cap. Flow %
-26.76%
Top 10 Hldgs %
74.01%
Holding
200
New
12
Increased
38
Reduced
61
Closed
87

Top Buys

Rank Stock Value
1
IGV icon
iShares Expanded Tech-Software Sector ETF
IGV
+$30.6M
2
VIG icon
Vanguard Dividend Appreciation ETF
VIG
+$25.5M
3
OEF icon
iShares S&P 100 ETF
OEF
+$18.9M
4
CSCO icon
Cisco
CSCO
+$2.58M
5
HPQ icon
HP
HPQ
+$2.11M

Top Sells

Rank Stock Value
1
VEA icon
Vanguard FTSE Developed Markets ETF
VEA
+$25M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$10.1M
3
SCHP icon
Schwab US TIPS ETF
SCHP
+$8.17M
4
IEFA icon
iShares Core MSCI EAFE ETF
IEFA
+$7.31M
5
EW icon
Edwards Lifesciences
EW
+$7.12M

Sector Composition

Rank Sector Weight
1 Communication Services 18.35%
2 Technology 4.11%
3 Healthcare 3.07%
4 Financials 2.19%
5 Consumer Discretionary 2.04%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AFL icon
26
Aflac
AFL
$64.5B
$1.94M 0.49%
56,767
+31,664
+126% +$1.45M
SCHF icon
27
Schwab International Equity ETF
SCHF
$67.1B
$1.89M 0.48%
146,150
-191,718
-57% -$2.95M
IEFA icon
28
iShares Core MSCI EAFE ETF
IEFA
$191B
$1.83M 0.46%
36,707
-122,808
-77% -$7.31M
HPQ icon
29
HP
HPQ
$24.8B
$1.81M 0.46%
+104,412
New +$2.11M
TXN icon
30
Texas Instruments
TXN
$246B
$1.79M 0.45%
17,910
-4,291
-19% -$515K
MDT icon
31
Medtronic
MDT
$111B
$1.78M 0.45%
19,763
+8,502
+75% +$905K
HD icon
32
Home Depot
HD
$339B
$1.66M 0.42%
8,893
+6,635
+294% +$1.46M
ATVI
33
DELISTED
Activision Blizzard
ATVI
$1.64M 0.41%
+27,498
New +$1.63M
MSFT icon
34
Microsoft
MSFT
$3.62T
$1.46M 0.37%
9,259
+3,454
+60% +$568K
GM icon
35
General Motors
GM
$76.9B
$1.4M 0.35%
67,536
-90,960
-57% -$2.78M
CVX icon
36
Chevron
CVX
$385B
$1.38M 0.35%
18,981
+12,887
+211% +$1.27M
XOP icon
37
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.68B
$1.32M 0.33%
40,205
+26,061
+184% +$1.72M
JJG
38
DELISTED
iPath Series B Bloomberg Grains Subindex Total ReturnSM ETN
JJG
$1.3M 0.33%
30,636
-462
-1% -$20.4K
PG icon
39
Procter & Gamble
PG
$338B
$1.25M 0.31%
+11,365
New +$1.36M
CHL
40
DELISTED
China Mobile Limited
CHL
$1.25M 0.31%
33,191
-16,999
-34% -$683K
TGT icon
41
Target
TGT
$67.8B
$1.24M 0.31%
+13,328
New +$1.48M
GLD icon
42
SPDR Gold Trust
GLD
$131B
$1.22M 0.31%
8,253
-2,017
-20% -$300K
IEMG icon
43
iShares Core MSCI Emerging Markets ETF
IEMG
$152B
$1.2M 0.3%
29,681
-30,237
-50% -$1.48M
KMI icon
44
Kinder Morgan
KMI
$69.9B
$1.15M 0.29%
82,580
-55,189
-40% -$1.05M
CMCSA icon
45
Comcast
CMCSA
$87.2B
$1.12M 0.28%
32,668
-4,393
-12% -$185K
PFE icon
46
Pfizer
PFE
$143B
$1.1M 0.28%
35,399
-27,755
-44% -$946K
AVGO icon
47
Broadcom
AVGO
$1.87T
$1.09M 0.28%
46,140
-24,440
-35% -$689K
TJX icon
48
TJX Companies
TJX
$174B
$1.09M 0.27%
+22,821
New +$1.31M
AGG icon
49
iShares Core US Aggregate Bond ETF
AGG
$137B
$1.08M 0.27%
9,326
+2,776
+42% +$316K
MFC icon
50
Manulife Financial
MFC
$74B
$1.06M 0.27%
84,873
+1,385
+2% +$24.1K
1
2
3 4 5

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Covenant Multifamily Offices's Q1 2020 Portfolio in Review

As of Q1 2020, Covenant Multifamily Offices held 200 positions worth $397M, down 32% from $586M the previous quarter. Its ten largest holdings account for 74% of the portfolio.

Covenant Multifamily Offices withdrew a net $106M in Q1 2020, closing 87 positions and reducing 61 holdings. Its most notable exit was Southern Company, an estimated $5.76M position sold in full.

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

Against the trend, Covenant Multifamily Offices opened a new position in iShares Expanded Tech-Software Sector ETF worth $27.2M.

  • Covenant Multifamily Offices's largest Q1 2020 buy was iShares Expanded Tech-Software Sector ETF: 647,625 shares worth $27.2M.
  • Covenant Multifamily Offices added most to Vanguard Dividend Appreciation ETF in Q1 2020, an estimated $25.5M increase.
  • Covenant Multifamily Offices's biggest Q1 2020 reduction was Vanguard FTSE Developed Markets ETF, cutting an estimated $25M.
  • Covenant Multifamily Offices fully exited Southern Company in Q1 2020, selling an estimated $5.76M.
  • Covenant Multifamily Offices's ten largest holdings make up 74% of its $397M portfolio in Q1 2020.
  • Covenant Multifamily Offices opened 12 new positions and closed 87 in Q1 2020.
  • Covenant Multifamily Offices's portfolio value fell 32% quarter-over-quarter to $397M.

Based on Covenant Multifamily Offices's 13F filing for Q1 2020, filed 5 May 2020.