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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
+8.2%
1 Year Est. Return
+25.75%
3 Year Est. Return
+38.34%
5 Year Est. Return
+79.2%
10 Year Est. Return
–
AUM
$489M
AUM Growth
-$70.2M
(-13%)
Cap. Flow
-$102M
Cap. Flow
% of AUM
-20.94%
Top 10 Holdings %
Top 10 Hldgs %
59.2%
Holding
193
New
56
Increased
54
Reduced
56
Closed
10
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Texas Instruments
TXN
|
+$35.3M |
| 2 |
AT&T
T
|
+$14.4M |
| 3 |
Schwab Fundamental US Large Company Index ETF
FNDX
|
+$8.45M |
| 4 |
State Street Financial Select Sector SPDR ETF
XLF
|
+$5.75M |
| 5 |
Goldman Sachs ActiveBeta Emerging Markets Equity ETF
GEM
|
+$4.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$51.7M |
| 2 |
Vanguard Dividend Appreciation ETF
VIG
|
+$37.3M |
| 3 |
iShares MSCI USA Quality Factor ETF
QUAL
|
+$29.4M |
| 4 |
iShares Expanded Tech-Software Sector ETF
IGV
|
+$26.1M |
| 5 |
iShares S&P 100 ETF
OEF
|
+$21M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 18.32% |
| 2 | Technology | 14.48% |
| 3 | Financials | 5.03% |
| 4 | Energy | 3.65% |
| 5 | Consumer Discretionary | 3.59% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Corning
GLW
$119B
| $3.1M | 0.63% |
71,167
+13,354
| +23% | +$513K |
|
27
Medtronic
MDT
$109B
| $3.09M | 0.63% |
26,186
-1,826
| -7% | -$214K |
|
28
General Motors
GM
$80.4B
| $3.03M | 0.62% |
52,750
+3,500
| +7% | +$186K |
|
29
Blackrock
BLK
$169B
| $2.98M | 0.61% |
3,956
-1,022
| -21% | -$741K |
|
30
Schwab Fundamental US Broad Market Index ETF
FNDB
$1.42B
| $2.79M | 0.57% |
163,167
+19,113
| +13% | +$310K |
|
31
Home Depot
HD
$331B
| $2.62M | 0.54% |
8,595
-38
| -0.4% | -$10.5K |
|
32
Target
TGT
$65.6B
| $2.58M | 0.53% |
13,026
+285
| +2% | +$53.3K |
|
33
Valero Energy
VLO
$90.1B
| $2.57M | 0.53% |
+35,902
| New | +$2.44M |
|
34
Parker-Hannifin
PH
$123B
| $2.55M | 0.52% |
8,087
-2,963
| -27% | -$855K |
|
35
Chevron
CVX
$392B
| $2.47M | 0.5% |
23,555
-3,785
| -14% | -$370K |
|
36
Schwab Emerging Markets Equity ETF
SCHE
$12.6B
| $2.44M | 0.5% |
76,908
-4,508
| -6% | -$147K |
|
37
Verizon
VZ
$195B
| $2.44M | 0.5% |
42,035
-1,009
| -2% | -$56.9K |
|
38
Goldman Sachs Access Treasury 0-1 Year ETF
GBIL
$7.64B
| $2.31M | 0.47% |
23,095
-9,443
| -29% | -$946K |
|
39
Gilead Sciences
GILD
$162B
| $2.08M | 0.43% |
32,223
+5,196
| +19% | +$335K |
|
40
iPath Bloomberg Commodity Index Total Return ETN due 12 June 2036
DJP
$800M
| $2.07M | 0.42% |
87,490
-83,995
| -49% | -$1.98M |
|
41
Amazon
AMZN
$2.92T
| $2.05M | 0.42% |
13,260
+2,840
| +27% | +$450K |
|
42
Morgan Stanley
MS
$331B
| $2.05M | 0.42% |
+26,412
| New | +$2.02M |
|
43
iShares Core MSCI Emerging Markets ETF
IEMG
$150B
| $2M | 0.41% |
31,136
+939
| +3% | +$61.8K |
|
44
Goldman Sachs ActiveBeta US Large Cap Equity ETF
GSLC
$15.1B
| $2M | 0.41% |
25,253
+7,974
| +46% | +$619K |
|
45
Ford
F
$58.5B
| $1.91M | 0.39% |
156,113
-10,896
| -7% | -$125K |
|
|
ATVI
46
DELISTED
Activision Blizzard
ATVI
| $1.91M | 0.39% |
20,542
-5,305
| -21% | -$499K |
|
47
Prudential Financial
PRU
$42.4B
| $1.85M | 0.38% |
20,269
-3,571
| -15% | -$306K |
|
|
JJG
48
DELISTED
iPath Series B Bloomberg Grains Subindex Total ReturnSM ETN
JJG
| $1.82M | 0.37% |
30,519
-7,353
| -19% | -$430K |
|
49
Comcast
CMCSA
$85B
| $1.8M | 0.37% |
33,258
+1,334
| +4% | +$70.5K |
|
50
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.65B
| $1.79M | 0.37% |
22,000
-11,767
| -35% | -$898K |
|
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Covenant Multifamily Offices's Q1 2021 Portfolio in Review
As of Q1 2021, Covenant Multifamily Offices held 193 positions worth $489M, down 13% from $559M the previous quarter. Its ten largest holdings account for 59% of the portfolio.
Covenant Multifamily Offices withdrew a net $102M in Q1 2021, closing 10 positions and reducing 56 holdings. Its most notable exit was iShares Russell Mid-Cap Growth ETF, an estimated $17.3M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 18% of assets, up from 12% a quarter earlier, followed by Technology and Financials.
Against the trend, Covenant Multifamily Offices opened a new position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF worth $4.13M.
- Covenant Multifamily Offices's largest Q1 2021 buy was Goldman Sachs ActiveBeta Emerging Markets Equity ETF: 104,684 shares worth $4.13M.
- Covenant Multifamily Offices added most to Texas Instruments in Q1 2021, an estimated $35.3M increase.
- Covenant Multifamily Offices's biggest Q1 2021 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $51.7M.
- Covenant Multifamily Offices fully exited iShares Russell Mid-Cap Growth ETF in Q1 2021, selling an estimated $17.3M.
- Covenant Multifamily Offices's ten largest holdings make up 59% of its $489M portfolio in Q1 2021.
- Covenant Multifamily Offices opened 56 new positions and closed 10 in Q1 2021.
- Covenant Multifamily Offices's portfolio value fell 13% quarter-over-quarter to $489M.
Based on Covenant Multifamily Offices's 13F filing for Q1 2021, filed 11 May 2021.