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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
+6.22%
1 Year Est. Return
+25.75%
3 Year Est. Return
+38.34%
5 Year Est. Return
+79.2%
10 Year Est. Return
–
AUM
$586M
AUM Growth
+$120M
Cap. Flow
+$213M
Cap. Flow %
36.4%
Top 10 Hldgs %
58.34%
Holding
192
New
52
Increased
102
Reduced
32
Closed
4

Top Buys

Rank Stock Value
1
DVA icon
DaVita
DVA
+$24.1M
2
FDX icon
FedEx
FDX
+$20.4M
3
RTN
Raytheon Company
RTN
+$16.3M
4
SO icon
Southern Company
SO
+$10.5M
5
MMM icon
3M
MMM
+$9.57M

Top Sells

Rank Stock Value
1
FNDX icon
Schwab Fundamental US Large Company Index ETF
FNDX
+$1.96M
2
MSFT icon
Microsoft
MSFT
+$1.39M
3
GDXJ icon
VanEck Junior Gold Miners ETF
GDXJ
+$991K
4
GLW icon
Corning
GLW
+$812K
5
IAU icon
iShares Gold Trust
IAU
+$463K

Sector Composition

Rank Sector Weight
1 Communication Services 18.14%
2 Healthcare 4.54%
3 Consumer Discretionary 3.75%
4 Technology 3.37%
5 Industrials 3.31%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CHL
51
DELISTED
China Mobile Limited
CHL
$1.98M 0.34%
50,190
+22,068
+78% +$890K
COR icon
52
Cencora
COR
$60.6B
$1.92M 0.33%
23,869
+3,369
+16% +$289K
NGL icon
53
NGL Energy Partners
NGL
$2.05B
$1.87M 0.32%
98,918
+83,488
+541% +$930K
KTB icon
54
Kontoor Brands
KTB
$4.63B
$1.83M 0.31%
+86,496
New +$3.27M
AVGO icon
55
Broadcom
AVGO
$1.85T
$1.83M 0.31%
70,580
+15,090
+27% +$458K
SCHB icon
56
Schwab US Broad Market ETF
SCHB
$43.2B
$1.8M 0.31%
202,578
+125,994
+165% +$1.55M
VUG icon
57
Vanguard Morningstar Growth ETF
VUG
$220B
$1.77M 0.3%
60,402
+21,864
+57% +$631K
AAPL icon
58
Apple
AAPL
$4.54T
$1.75M 0.3%
23,820
+2,212
+10% +$142K
IBTX
59
DELISTED
Independent Bank Group, Inc.
IBTX
$1.71M 0.29%
30,828
– –
MFC icon
60
Manulife Financial
MFC
$73.9B
$1.69M 0.29%
83,488
-919
-1% -$17.6K
EWEM
61
DELISTED
Invesco MSCI Emerging Markets Equal Country Weight ETF
EWEM
$1.69M 0.29%
52,489
+1,167
+2% +$36.1K
EEM icon
62
iShares MSCI Emerging Markets ETF
EEM
$28.8B
$1.68M 0.29%
37,450
-419
-1% -$18K
CMCSA icon
63
Comcast
CMCSA
$85B
$1.68M 0.29%
37,061
+685
+2% +$30.5K
CVS icon
64
CVS Health
CVS
$133B
$1.67M 0.29%
22,484
-2,480
-10% -$174K
XLU icon
65
State Street Utilities Select Sector SPDR ETF
XLU
$22.8B
$1.66M 0.28%
67,010
+33,118
+98% +$1.05M
WAT icon
66
Waters Corp
WAT
$37B
$1.65M 0.28%
+39,723
New +$8.77M
SCHM icon
67
Schwab US Mid-Cap ETF
SCHM
$14.5B
$1.54M 0.26%
76,983
-354
-0.5% -$6.85K
VO icon
68
Vanguard Morningstar Mid-Cap ETF
VO
$106B
$1.54M 0.26%
40,496
+17,792
+78% +$764K
APA icon
69
APA Corp
APA
$13.2B
$1.52M 0.26%
59,555
+400
+0.7% +$9.05K
GLD icon
70
SPDR Gold Trust
GLD
$131B
$1.47M 0.25%
10,270
+944
+10% +$132K
ACN icon
71
Accenture
ACN
$102B
$1.47M 0.25%
+20,455
New +$3.99M
MMM icon
72
3M
MMM
$90.9B
$1.44M 0.25%
+68,345
New +$9.57M
JJG
73
DELISTED
iPath Series B Bloomberg Grains Subindex Total ReturnSM ETN
JJG
$1.44M 0.25%
31,098
-3,238
-9% -$145K
COLD icon
74
Americold
COLD
$4.02B
$1.42M 0.24%
34,642
+28,568
+470% +$1.05M
VTV icon
75
Vanguard Morningstar Value ETF
VTV
$188B
$1.35M 0.23%
16,639
+197
+1% +$22.7K
1 2
3
4 5

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Covenant Multifamily Offices's Q4 2019 Portfolio in Review

As of Q4 2019, Covenant Multifamily Offices held 192 positions worth $586M, up 26% from $465M the previous quarter. Its ten largest holdings account for 58% of the portfolio.

Covenant Multifamily Offices deployed $213M of net new capital in Q4 2019, opening 52 new positions and adding to 102 existing holdings. Its largest new stake was DaVita: 363,795 shares worth $2.68M.

By sector, the portfolio is most concentrated in Communication Services at 18% of assets, down from 21% a quarter earlier, followed by Healthcare and Consumer Discretionary.

On the sell side, the largest reduction was Microsoft, an estimated $1.39M trimmed.

  • Covenant Multifamily Offices's largest Q4 2019 buy was DaVita: 363,795 shares worth $2.68M.
  • Covenant Multifamily Offices added most to Raytheon Company in Q4 2019, an estimated $16.3M increase.
  • Covenant Multifamily Offices's biggest Q4 2019 reduction was Microsoft, cutting an estimated $1.39M.
  • Covenant Multifamily Offices fully exited Schwab Fundamental US Large Company Index ETF in Q4 2019, selling an estimated $1.96M.
  • Covenant Multifamily Offices's ten largest holdings make up 58% of its $586M portfolio in Q4 2019.
  • Covenant Multifamily Offices opened 52 new positions and closed 4 in Q4 2019.
  • Covenant Multifamily Offices's portfolio value rose 26% quarter-over-quarter to $586M.

Based on Covenant Multifamily Offices's 13F filing for Q4 2019, filed 31 Jan 2020.