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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
+17.84%
1 Year Est. Return
+25.75%
3 Year Est. Return
+38.34%
5 Year Est. Return
+79.2%
10 Year Est. Return
–
AUM
$507M
AUM Growth
+$110M
Cap. Flow
+$42.8M
Cap. Flow %
8.43%
Top 10 Hldgs %
69.22%
Holding
164
New
51
Increased
60
Reduced
33
Closed
8

Top Buys

Rank Stock Value
1
EEM icon
iShares MSCI Emerging Markets ETF
EEM
+$5.39M
2
VTV icon
Vanguard Morningstar Value ETF
VTV
+$3.96M
3
VB icon
Vanguard Morningstar Small-Cap ETF
VB
+$3.81M
4
VBR icon
Vanguard Morningstar Small-Cap Value ETF
VBR
+$3.75M
5
IGV icon
iShares Expanded Tech-Software Sector ETF
IGV
+$2.72M

Top Sells

Rank Stock Value
1
FNDB icon
Schwab Fundamental US Broad Market Index ETF
FNDB
+$2.13M
2
DAL icon
Delta Air Lines
DAL
+$1.24M
3
PFE icon
Pfizer
PFE
+$789K
4
OEF icon
iShares S&P 100 ETF
OEF
+$783K
5
TFI icon
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
+$740K

Sector Composition

Rank Sector Weight
1 Communication Services 15.3%
2 Technology 4.89%
3 Healthcare 3.07%
4 Financials 2.87%
5 Consumer Discretionary 2.56%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AAPL icon
26
Apple
AAPL
$4.54T
$2.83M 0.56%
31,028
+308
+1% +$23.9K
VZ icon
27
Verizon
VZ
$195B
$2.56M 0.5%
46,388
+3,999
+9% +$225K
HD icon
28
Home Depot
HD
$331B
$2.35M 0.46%
9,393
+500
+6% +$114K
TXN icon
29
Texas Instruments
TXN
$252B
$2.32M 0.46%
18,257
+347
+2% +$40.5K
AFL icon
30
Aflac
AFL
$64.9B
$2.24M 0.44%
62,253
+5,486
+10% +$198K
PH icon
31
Parker-Hannifin
PH
$123B
$2.19M 0.43%
+11,928
New +$1.92M
FNDB icon
32
Schwab Fundamental US Broad Market Index ETF
FNDB
$1.42B
$2.17M 0.43%
179,889
-184,251
-51% -$2.13M
SCHE icon
33
Schwab Emerging Markets Equity ETF
SCHE
$12.6B
$2.17M 0.43%
89,177
-6,475
-7% -$147K
FSKR
34
DELISTED
FS KKR Capital Corp. II
FSKR
$2.15M 0.42%
+166,741
New +$2.2M
CVX icon
35
Chevron
CVX
$392B
$2.03M 0.4%
22,728
+3,747
+20% +$335K
HPQ icon
36
HP
HPQ
$24.9B
$1.99M 0.39%
113,969
+9,557
+9% +$152K
IEFA icon
37
iShares Core MSCI EAFE ETF
IEFA
$190B
$1.95M 0.38%
34,115
-2,592
-7% -$140K
AVGO icon
38
Broadcom
AVGO
$1.85T
$1.94M 0.38%
61,610
+15,470
+34% +$433K
ATVI
39
DELISTED
Activision Blizzard
ATVI
$1.93M 0.38%
25,447
-2,051
-7% -$143K
AMZN icon
40
Amazon
AMZN
$2.92T
$1.93M 0.38%
13,980
+8,360
+149% +$1.01M
GILD icon
41
Gilead Sciences
GILD
$162B
$1.85M 0.37%
24,100
-6,189
-20% -$474K
SCHF icon
42
Schwab International Equity ETF
SCHF
$66.6B
$1.83M 0.36%
123,156
-22,994
-16% -$323K
XOP icon
43
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.65B
$1.81M 0.36%
34,643
-5,562
-14% -$281K
JJG
44
DELISTED
iPath Series B Bloomberg Grains Subindex Total ReturnSM ETN
JJG
$1.76M 0.35%
43,998
+13,362
+44% +$535K
TGT icon
45
Target
TGT
$65.6B
$1.61M 0.32%
13,398
+70
+0.5% +$7.99K
XLU icon
46
State Street Utilities Select Sector SPDR ETF
XLU
$22.8B
$1.58M 0.31%
55,920
+22,028
+65% +$635K
AGG icon
47
iShares Core US Aggregate Bond ETF
AGG
$137B
$1.52M 0.3%
12,831
+3,505
+38% +$410K
GM icon
48
General Motors
GM
$80.4B
$1.51M 0.3%
59,885
-7,651
-11% -$186K
INDA icon
49
iShares MSCI India ETF
INDA
$6.89B
$1.44M 0.28%
49,717
+6,258
+14% +$168K
WHR icon
50
Whirlpool
WHR
$2.43B
$1.42M 0.28%
10,979
+921
+9% +$105K
1
2
3 4 5

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Covenant Multifamily Offices's Q2 2020 Portfolio in Review

As of Q2 2020, Covenant Multifamily Offices held 164 positions worth $507M, up 28% from $397M the previous quarter. Its ten largest holdings account for 69% of the portfolio.

Covenant Multifamily Offices deployed $42.8M of net new capital in Q2 2020, opening 51 new positions and adding to 60 existing holdings. Its largest new stake was Vanguard Morningstar Small-Cap Value ETF: 37,344 shares worth $3.99M.

By sector, the portfolio is most concentrated in Communication Services at 15% of assets, down from 18% a quarter earlier, followed by Technology and Healthcare.

On the sell side, the largest reduction was Schwab Fundamental US Broad Market Index ETF, an estimated $2.13M trimmed.

  • Covenant Multifamily Offices's largest Q2 2020 buy was Vanguard Morningstar Small-Cap Value ETF: 37,344 shares worth $3.99M.
  • Covenant Multifamily Offices added most to iShares MSCI Emerging Markets ETF in Q2 2020, an estimated $5.39M increase.
  • Covenant Multifamily Offices's biggest Q2 2020 reduction was Schwab Fundamental US Broad Market Index ETF, cutting an estimated $2.13M.
  • Covenant Multifamily Offices fully exited State Street SPDR Nuveen ICE Municipal Bond ETF in Q2 2020, selling an estimated $740K.
  • Covenant Multifamily Offices's ten largest holdings make up 69% of its $507M portfolio in Q2 2020.
  • Covenant Multifamily Offices opened 51 new positions and closed 8 in Q2 2020.
  • Covenant Multifamily Offices's portfolio value rose 28% quarter-over-quarter to $507M.

Based on Covenant Multifamily Offices's 13F filing for Q2 2020, filed 11 Aug 2020.