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Covenant Multifamily Offices Portfolio holdings
AUM
$557M
1-Year Est. Return
25.75%
This Fund
S&P 500
This Quarter
Est. Return
-1.15%
1 Year Est. Return
+25.75%
3 Year Est. Return
+38.34%
5 Year Est. Return
+79.2%
10 Year Est. Return
–
AUM
$167M
AUM Growth
+$14.5M
(+9.5%)
Cap. Flow
+$17.3M
Cap. Flow
% of AUM
10.39%
Top 10 Holdings %
Top 10 Hldgs %
63.69%
Holding
146
New
20
Increased
12
Reduced
12
Closed
95
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI USA Quality Factor ETF
QUAL
|
+$21.9M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$20.1M |
| 3 |
Cardinal Health
CAH
|
+$3.85M |
| 4 |
HP
HPQ
|
+$3.82M |
| 5 |
KLA
KLAC
|
+$3.81M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI EAFE ETF
EFA
|
+$22.3M |
| 2 |
Valero Energy
VLO
|
+$5.18M |
| 3 |
Simmons First National
SFNC
|
+$5.13M |
| 4 |
Cisco
CSCO
|
+$4.37M |
| 5 |
Equity Bancshares
EQBK
|
+$4.19M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 10.64% |
| 2 | Healthcare | 5.91% |
| 3 | Industrials | 5.78% |
| 4 | Consumer Discretionary | 4.98% |
| 5 | Energy | 4.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Apple
AAPL
$4.54T
| – | – |
-1,500
| Closed | -$63K |
|
52
iShares MSCI ACWI ETF
ACWI
$32.5B
| – | – |
-769
| Closed | -$55K |
|
53
Archer Daniels Midland
ADM
$38.2B
| – | – |
-100
| Closed | -$4K |
|
54
Aegon
AEG
$14B
| – | – |
-8,110
| Closed | -$42K |
|
55
iShares Core US Aggregate Bond ETF
AGG
$137B
| – | – |
-226
| Closed | -$25K |
|
56
America Movil
AMX
$76.1B
| – | – |
-1,340
| Closed | -$23K |
|
57
Bank of America
BAC
$435B
| – | – |
-626
| Closed | -$18K |
|
58
Best Buy
BBY
$18.2B
| – | – |
-50
| Closed | -$3K |
|
59
Barclays
BCS
$92.7B
| – | – |
-3,442
| Closed | -$36K |
|
60
Brookfield Renewable
BEP
$9.97B
| – | – |
-582
| Closed | -$11K |
|
61
Black Hills Corp
BKH
$5.42B
| – | – |
-1,699
| Closed | -$102K |
|
62
Box
BOX
$4.37B
| – | – |
-1,000
| Closed | -$21K |
|
63
BP
BP
$116B
| – | – |
-2,478
| Closed | -$95K |
|
64
Chubb
CB
$135B
| – | – |
-922
| Closed | -$135K |
|
65
Chemours
CC
$2.5B
| – | – |
-140
| Closed | -$7K |
|
66
Charter Communications
CHTR
$17.3B
| – | – |
-13
| Closed | -$4K |
|
67
CNX Resources
CNX
$5.3B
| – | – |
-68
| Closed | -$1K |
|
68
ConocoPhillips
COP
$147B
| – | – |
-36
| Closed | -$2K |
|
69
CSX Corp
CSX
$93.4B
| – | – |
-600
| Closed | -$11K |
|
70
CTS Corp
CTS
$1.83B
| – | – |
-870
| Closed | -$22K |
|
71
Cemex
CX
$17.1B
| – | – |
-5,124
| Closed | -$38K |
|
72
DuPont de Nemours
DD
$18.5B
| – | – |
-177
| Closed | -$32K |
|
73
ENI
E
$80.5B
| – | – |
-2,290
| Closed | -$76K |
|
74
Enel Chile
ENIC
$6.14B
| – | – |
-2,855
| Closed | -$16K |
|
|
75
Equity Bancshares
EQBK
$1.04B
| – | – |
-118,298
| Closed | -$4.19M |
|
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Covenant Multifamily Offices's Q1 2018 Portfolio in Review
As of Q1 2018, Covenant Multifamily Offices held 146 positions worth $167M, up 9.5% from $152M the previous quarter. Its ten largest holdings account for 64% of the portfolio.
Covenant Multifamily Offices deployed $17.3M of net new capital in Q1 2018, opening 20 new positions and adding to 12 existing holdings. Its largest new stake was iShares MSCI USA Quality Factor ETF: 258,332 shares worth $21.4M.
By sector, the portfolio is most concentrated in Technology at 11% of assets, up from 10% a quarter earlier, followed by Healthcare and Industrials.
On the sell side, the largest reduction was iShares MSCI EAFE ETF, an estimated $22.3M trimmed.
- Covenant Multifamily Offices's largest Q1 2018 buy was iShares MSCI USA Quality Factor ETF: 258,332 shares worth $21.4M.
- Covenant Multifamily Offices added most to State Street SPDR S&P 500 ETF Trust in Q1 2018, an estimated $20.1M increase.
- Covenant Multifamily Offices's biggest Q1 2018 reduction was iShares MSCI EAFE ETF, cutting an estimated $22.3M.
- Covenant Multifamily Offices fully exited Simmons First National in Q1 2018, selling an estimated $5.13M.
- Covenant Multifamily Offices's ten largest holdings make up 64% of its $167M portfolio in Q1 2018.
- Covenant Multifamily Offices opened 20 new positions and closed 95 in Q1 2018.
- Covenant Multifamily Offices's portfolio value rose 9.5% quarter-over-quarter to $167M.
Based on Covenant Multifamily Offices's 13F filing for Q1 2018, filed 23 Apr 2018.