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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
-20.23%
1 Year Est. Return
+25.75%
3 Year Est. Return
+38.34%
5 Year Est. Return
+79.2%
10 Year Est. Return
–
AUM
$397M
AUM Growth
-$188M
Cap. Flow
-$106M
Cap. Flow %
-26.76%
Top 10 Hldgs %
74.01%
Holding
200
New
12
Increased
38
Reduced
61
Closed
87

Top Buys

Rank Stock Value
1
IGV icon
iShares Expanded Tech-Software Sector ETF
IGV
+$30.6M
2
VIG icon
Vanguard Dividend Appreciation ETF
VIG
+$25.5M
3
OEF icon
iShares S&P 100 ETF
OEF
+$18.9M
4
CSCO icon
Cisco
CSCO
+$2.58M
5
HPQ icon
HP
HPQ
+$2.11M

Top Sells

Rank Stock Value
1
VEA icon
Vanguard FTSE Developed Markets ETF
VEA
+$25M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$10.1M
3
SCHP icon
Schwab US TIPS ETF
SCHP
+$8.17M
4
IEFA icon
iShares Core MSCI EAFE ETF
IEFA
+$7.31M
5
EW icon
Edwards Lifesciences
EW
+$7.12M

Sector Composition

Rank Sector Weight
1 Communication Services 18.35%
2 Technology 4.11%
3 Healthcare 3.07%
4 Financials 2.19%
5 Consumer Discretionary 2.04%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
INDA icon
51
iShares MSCI India ETF
INDA
$6.62B
$1.05M 0.26%
43,459
+14,646
+51% +$468K
MCD icon
52
McDonald's
MCD
$193B
$1.03M 0.26%
6,258
+6,050
+2,909% +$1.19M
GSLC icon
53
Goldman Sachs ActiveBeta US Large Cap Equity ETF
GSLC
$15.5B
$941K 0.24%
18,033
+4,272
+31% +$263K
XLU icon
54
State Street Utilities Select Sector SPDR ETF
XLU
$22.5B
$939K 0.24%
33,892
-33,118
-49% -$1.06M
FNDX icon
55
Schwab Fundamental US Large Company Index ETF
FNDX
$27.2B
$863K 0.22%
+82,623
New +$1.08M
WHR icon
56
Whirlpool
WHR
$2.99B
$863K 0.22%
10,058
+1,049
+12% +$138K
EWW icon
57
iShares MSCI Mexico ETF
EWW
$1.98B
$843K 0.21%
29,728
+9,726
+49% +$405K
F icon
58
Ford
F
$56.6B
$825K 0.21%
170,709
-166,812
-49% -$1.25M
DOW icon
59
Dow Inc
DOW
$21.5B
$821K 0.21%
28,084
-22,709
-45% -$965K
EEM icon
60
iShares MSCI Emerging Markets ETF
EEM
$29.6B
$746K 0.19%
21,845
-15,605
-42% -$640K
TFI icon
61
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
$3.13B
$740K 0.19%
14,792
– –
IBTX
62
DELISTED
Independent Bank Group, Inc.
IBTX
$738K 0.19%
31,161
+333
+1% +$15.3K
IWM icon
63
iShares Russell 2000 ETF
IWM
$82.7B
$711K 0.18%
6,211
-215
-3% -$32.1K
COST icon
64
Costco
COST
$417B
$679K 0.17%
2,380
-2,000
-46% -$607K
FNDA icon
65
Schwab Fundamental US Small Company Index ETF
FNDA
$9.37B
$671K 0.17%
51,898
+8,664
+20% +$154K
VB icon
66
Vanguard Morningstar Small-Cap ETF
VB
$81.8B
$671K 0.17%
5,809
-22,723
-80% -$3.41M
EW icon
67
Edwards Lifesciences
EW
$51B
$641K 0.16%
10,188
-98,712
-91% -$7.12M
ADBE icon
68
Adobe
ADBE
$103B
$617K 0.16%
1,940
-222
-10% -$75.9K
GSIE icon
69
Goldman Sachs ActiveBeta International Equity ETF
GSIE
$6.1B
$613K 0.15%
26,585
+4,506
+20% +$124K
SCHM icon
70
Schwab US Mid-Cap ETF
SCHM
$15B
$576K 0.15%
40,986
-35,997
-47% -$659K
AMZN icon
71
Amazon
AMZN
$2.93T
$548K 0.14%
5,620
+780
+16% +$75.5K
SLB icon
72
SLB Ltd
SLB
$74.4B
$537K 0.14%
39,828
-22,873
-36% -$662K
VO icon
73
Vanguard Morningstar Mid-Cap ETF
VO
$109B
$516K 0.13%
19,476
-21,020
-52% -$870K
BAC icon
74
Bank of America
BAC
$444B
$500K 0.13%
23,551
-2,000
-8% -$60K
SHM icon
75
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
$3.47B
$500K 0.13%
10,223
-9,042
-47% -$442K
1 2
3
4 5

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Covenant Multifamily Offices's Q1 2020 Portfolio in Review

As of Q1 2020, Covenant Multifamily Offices held 200 positions worth $397M, down 32% from $586M the previous quarter. Its ten largest holdings account for 74% of the portfolio.

Covenant Multifamily Offices withdrew a net $106M in Q1 2020, closing 87 positions and reducing 61 holdings. Its most notable exit was Southern Company, an estimated $5.76M position sold in full.

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

Against the trend, Covenant Multifamily Offices opened a new position in iShares Expanded Tech-Software Sector ETF worth $27.2M.

  • Covenant Multifamily Offices's largest Q1 2020 buy was iShares Expanded Tech-Software Sector ETF: 647,625 shares worth $27.2M.
  • Covenant Multifamily Offices added most to Vanguard Dividend Appreciation ETF in Q1 2020, an estimated $25.5M increase.
  • Covenant Multifamily Offices's biggest Q1 2020 reduction was Vanguard FTSE Developed Markets ETF, cutting an estimated $25M.
  • Covenant Multifamily Offices fully exited Southern Company in Q1 2020, selling an estimated $5.76M.
  • Covenant Multifamily Offices's ten largest holdings make up 74% of its $397M portfolio in Q1 2020.
  • Covenant Multifamily Offices opened 12 new positions and closed 87 in Q1 2020.
  • Covenant Multifamily Offices's portfolio value fell 32% quarter-over-quarter to $397M.

Based on Covenant Multifamily Offices's 13F filing for Q1 2020, filed 5 May 2020.