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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
+3.7%
1 Year Est. Return
+25.75%
3 Year Est. Return
+38.34%
5 Year Est. Return
+79.2%
10 Year Est. Return
–
AUM
$456M
AUM Growth
+$147M
Cap. Flow
+$133M
Cap. Flow %
29.25%
Top 10 Hldgs %
68.3%
Holding
290
New
67
Increased
56
Reduced
11
Closed
148

Top Buys

Rank Stock Value
1
T icon
AT&T
T
+$77.1M
2
VIG icon
Vanguard Dividend Appreciation ETF
VIG
+$5.99M
3
FNDB icon
Schwab Fundamental US Broad Market Index ETF
FNDB
+$4.73M
4
SCHF icon
Schwab International Equity ETF
SCHF
+$4.68M
5
DJP icon
iPath Bloomberg Commodity Index Total Return ETN due 12 June 2036
DJP
+$3.89M

Top Sells

Rank Stock Value
1
VHT icon
Vanguard Health Care ETF
VHT
+$12.4M
2
VEA icon
Vanguard FTSE Developed Markets ETF
VEA
+$10M
3
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$7.32M
4
IWP icon
iShares Russell Mid-Cap Growth ETF
IWP
+$3.67M
5
QCOM icon
Qualcomm
QCOM
+$1.21M

Sector Composition

Rank Sector Weight
1 Miscellaneous 61.31%
2 Communication Services 19.9%
3 Energy 3.83%
4 Consumer Discretionary 3.15%
5 Healthcare 3.09%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GDXJ icon
51
VanEck Junior Gold Miners ETF
GDXJ
$8.75B
$1.37M 0.3%
+39,128
New +$1.19M
MDT icon
52
Medtronic
MDT
$118B
$1.37M 0.3%
14,032
+4,431
+46% +$405K
CVS icon
53
CVS Health
CVS
$117B
$1.35M 0.3%
24,757
+3,598
+17% +$194K
WMT icon
54
Walmart Inc
WMT
$853B
$1.33M 0.29%
35,997
+34,743
+2,771% +$1.2M
WHR icon
55
Whirlpool
WHR
$2.11B
$1.31M 0.29%
+9,204
New +$1.23M
PFE icon
56
Pfizer
PFE
$157B
$1.3M 0.28%
+31,612
New +$1.26M
SCHZ icon
57
Schwab US Aggregate Bond ETF
SCHZ
$10.6B
$1.3M 0.28%
+49,028
New +$1.28M
WBA
58
DELISTED
Walgreens Boots Alliance
WBA
$1.23M 0.27%
22,436
-5,121
-19% -$272K
CHL
59
DELISTED
China Mobile Limited
CHL
$1.23M 0.27%
27,044
+26,112
+2,802% +$1.22M
GLD icon
60
SPDR Gold Trust
GLD
$144B
$1.22M 0.27%
9,184
+6,734
+275% +$832K
LCII icon
61
LCI Industries
LCII
$2.12B
$1.17M 0.26%
+12,949
New +$1.14M
GLW icon
62
Corning
GLW
$124B
$1.16M 0.25%
34,765
+2,245
+7% +$72.1K
MDLZ icon
63
Mondelez International
MDLZ
$79.6B
$1.11M 0.24%
20,617
+334
+2% +$17.3K
COF icon
64
Capital One
COF
$125B
$1.11M 0.24%
12,211
+197
+2% +$17.6K
AAPL icon
65
Apple
AAPL
$4.85T
$1.04M 0.23%
21,112
+16,512
+359% +$805K
DAL icon
66
Delta Air Lines
DAL
$51.2B
$1.04M 0.23%
+18,380
New +$1.03M
WFC icon
67
Wells Fargo
WFC
$263B
$1.04M 0.23%
+21,944
New +$1.03M
IWM icon
68
iShares Russell 2000 ETF
IWM
$76.5B
$991K 0.22%
6,371
– –
DOW icon
69
Dow Inc
DOW
$21.7B
$982K 0.22%
+19,920
New +$1.05M
VO icon
70
Vanguard Morningstar Mid-Cap ETF
VO
$104B
$969K 0.21%
23,176
+3,692
+19% +$151K
SHM icon
71
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
$3.49B
$952K 0.21%
+19,465
New +$946K
INDA icon
72
iShares MSCI India ETF
INDA
$6.44B
$938K 0.21%
+26,570
New +$934K
IP icon
73
International Paper
IP
$18B
$929K 0.2%
22,658
+8,131
+56% +$344K
BP icon
74
BP
BP
$117B
$926K 0.2%
22,570
+8,616
+62% +$361K
IEMG icon
75
iShares Core MSCI Emerging Markets ETF
IEMG
$158B
$924K 0.2%
+17,954
New +$918K
1 2
3
4 5

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Covenant Multifamily Offices's Q2 2019 Portfolio in Review

As of Q2 2019, Covenant Multifamily Offices held 290 positions worth $456M, up 48% from $309M the previous quarter. Its ten largest holdings account for 68% of the portfolio.

Covenant Multifamily Offices deployed $133M of net new capital in Q2 2019, opening 67 new positions and adding to 56 existing holdings. Its largest new stake was AT&T: 3,214,734 shares worth $81.4M.

By sector, the portfolio is most concentrated in Miscellaneous at 61% of assets, down from 83% a quarter earlier, followed by Communication Services and Energy.

On the sell side, the largest reduction was Vanguard FTSE Developed Markets ETF, an estimated $10M trimmed.

  • Covenant Multifamily Offices's largest Q2 2019 buy was AT&T: 3,214,734 shares worth $81.4M.
  • Covenant Multifamily Offices added most to Vanguard Dividend Appreciation ETF in Q2 2019, an estimated $5.99M increase.
  • Covenant Multifamily Offices's biggest Q2 2019 reduction was Vanguard FTSE Developed Markets ETF, cutting an estimated $10M.
  • Covenant Multifamily Offices fully exited Vanguard Health Care ETF in Q2 2019, selling an estimated $12.4M.
  • Covenant Multifamily Offices's ten largest holdings make up 68% of its $456M portfolio in Q2 2019.
  • Covenant Multifamily Offices opened 67 new positions and closed 148 in Q2 2019.
  • Covenant Multifamily Offices's portfolio value rose 48% quarter-over-quarter to $456M.

Based on Covenant Multifamily Offices's 13F filing for Q2 2019, filed 31 Jul 2019.