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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
+6.42%
1 Year Est. Return
+25.75%
3 Year Est. Return
+38.34%
5 Year Est. Return
+79.2%
10 Year Est. Return
–
AUM
$286M
AUM Growth
+$48M
Cap. Flow
+$34.6M
Cap. Flow %
12.13%
Top 10 Hldgs %
79.81%
Holding
54
New
12
Increased
7
Reduced
21
Closed
6

Top Buys

Rank Stock Value
1
QUAL icon
iShares MSCI USA Quality Factor ETF
QUAL
+$31.2M
2
IVV icon
iShares Core S&P 500 ETF
IVV
+$29.6M
3
IVW icon
iShares S&P 500 Growth ETF
IVW
+$10.8M
4
EWJ icon
iShares MSCI Japan ETF
EWJ
+$8.2M
5
IWP icon
iShares Russell Mid-Cap Growth ETF
IWP
+$6.2M

Top Sells

Rank Stock Value
1
ACWI icon
iShares MSCI ACWI ETF
ACWI
+$23.3M
2
EFA icon
iShares MSCI EAFE ETF
EFA
+$9.41M
3
OMC icon
Omnicom Group
OMC
+$4.2M
4
KLAC icon
KLA
KLAC
+$3.79M
5
IBM icon
IBM
IBM
+$3.48M

Sector Composition

Rank Sector Weight
1 Energy 4.54%
2 Technology 3.8%
3 Consumer Discretionary 2.97%
4 Healthcare 2.41%
5 Industrials 1.82%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IBM icon
51
IBM
IBM
$211B
– –
-26,052
Closed -$3.48M
KLAC icon
52
KLA
KLAC
$239B
– –
-370,110
Closed -$3.79M
OMC icon
53
Omnicom Group
OMC
$21.6B
– –
-55,016
Closed -$4.2M
PFG icon
54
Principal Financial Group
PFG
$24.3B
– –
-34,169
Closed -$1.81M
1 2
3

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Covenant Multifamily Offices's Q3 2018 Portfolio in Review

As of Q3 2018, Covenant Multifamily Offices held 54 positions worth $286M, up 20% from $238M the previous quarter. Its ten largest holdings account for 80% of the portfolio.

Covenant Multifamily Offices deployed $34.6M of net new capital in Q3 2018, opening 12 new positions and adding to 7 existing holdings. Its largest new stake was iShares Core S&P 500 ETF: 103,203 shares worth $30.2M.

By sector, the portfolio is most concentrated in Energy at 4.5% of assets, down from 6.2% a quarter earlier, followed by Technology and Consumer Discretionary.

On the sell side, the largest reduction was iShares MSCI ACWI ETF, an estimated $23.3M trimmed.

  • Covenant Multifamily Offices's largest Q3 2018 buy was iShares Core S&P 500 ETF: 103,203 shares worth $30.2M.
  • Covenant Multifamily Offices added most to iShares MSCI USA Quality Factor ETF in Q3 2018, an estimated $31.2M increase.
  • Covenant Multifamily Offices's biggest Q3 2018 reduction was iShares MSCI ACWI ETF, cutting an estimated $23.3M.
  • Covenant Multifamily Offices fully exited Omnicom Group in Q3 2018, selling an estimated $4.2M.
  • Covenant Multifamily Offices's ten largest holdings make up 80% of its $286M portfolio in Q3 2018.
  • Covenant Multifamily Offices opened 12 new positions and closed 6 in Q3 2018.
  • Covenant Multifamily Offices's portfolio value rose 20% quarter-over-quarter to $286M.

Based on Covenant Multifamily Offices's 13F filing for Q3 2018, filed 5 Oct 2018.