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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
+0.57%
1 Year Est. Return
+25.75%
3 Year Est. Return
+38.34%
5 Year Est. Return
+79.2%
10 Year Est. Return
–
AUM
$238M
AUM Growth
+$71M
Cap. Flow
+$72.7M
Cap. Flow %
30.62%
Top 10 Hldgs %
72.26%
Holding
52
New
2
Increased
25
Reduced
5
Closed
10

Top Buys

Rank Stock Value
1
ACWI icon
iShares MSCI ACWI ETF
ACWI
+$24.6M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$16.1M
3
IWM icon
iShares Russell 2000 ETF
IWM
+$11.7M
4
QUAL icon
iShares MSCI USA Quality Factor ETF
QUAL
+$8.48M
5
XOM icon
ExxonMobil
XOM
+$6.26M

Top Sells

Rank Stock Value
1
MCD icon
McDonald's
MCD
+$1.63M
2
BA icon
Boeing
BA
+$1.23M
3
T icon
AT&T
T
+$683K
4
EMR icon
Emerson Electric
EMR
+$513K
5
IWD icon
iShares Russell 1000 Value ETF
IWD
+$421K

Sector Composition

Rank Sector Weight
1 Technology 7.47%
2 Energy 6.19%
3 Healthcare 4.02%
4 Consumer Discretionary 3.84%
5 Industrials 3%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
T icon
51
AT&T
T
$159B
– –
-25,360
Closed -$683K
VLO icon
52
Valero Energy
VLO
$90.1B
– –
-4,516
Closed -$419K
1 2
3

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Covenant Multifamily Offices's Q2 2018 Portfolio in Review

As of Q2 2018, Covenant Multifamily Offices held 52 positions worth $238M, up 43% from $167M the previous quarter. Its ten largest holdings account for 72% of the portfolio.

Covenant Multifamily Offices deployed $72.7M of net new capital in Q2 2018, opening 2 new positions and adding to 25 existing holdings. Its largest new stake was iShares MSCI ACWI ETF: 338,741 shares worth $24.1M.

By sector, the portfolio is most concentrated in Technology at 7.5% of assets, down from 11% a quarter earlier, followed by Energy and Healthcare.

On the sell side, the largest reduction was Goldman Sachs Access Treasury 0-1 Year ETF, an estimated $135K trimmed.

  • Covenant Multifamily Offices's largest Q2 2018 buy was iShares MSCI ACWI ETF: 338,741 shares worth $24.1M.
  • Covenant Multifamily Offices added most to State Street SPDR S&P 500 ETF Trust in Q2 2018, an estimated $16.1M increase.
  • Covenant Multifamily Offices's biggest Q2 2018 reduction was Goldman Sachs Access Treasury 0-1 Year ETF, cutting an estimated $135K.
  • Covenant Multifamily Offices fully exited McDonald's in Q2 2018, selling an estimated $1.63M.
  • Covenant Multifamily Offices's ten largest holdings make up 72% of its $238M portfolio in Q2 2018.
  • Covenant Multifamily Offices opened 2 new positions and closed 10 in Q2 2018.
  • Covenant Multifamily Offices's portfolio value rose 43% quarter-over-quarter to $238M.

Based on Covenant Multifamily Offices's 13F filing for Q2 2018, filed 7 Aug 2018.