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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
+17.84%
1 Year Est. Return
+25.75%
3 Year Est. Return
+38.34%
5 Year Est. Return
+79.2%
10 Year Est. Return
–
AUM
$507M
AUM Growth
+$110M
Cap. Flow
+$42.8M
Cap. Flow %
8.43%
Top 10 Hldgs %
69.22%
Holding
164
New
51
Increased
60
Reduced
33
Closed
8

Top Buys

Rank Stock Value
1
EEM icon
iShares MSCI Emerging Markets ETF
EEM
+$5.39M
2
VTV icon
Vanguard Morningstar Value ETF
VTV
+$3.96M
3
VB icon
Vanguard Morningstar Small-Cap ETF
VB
+$3.81M
4
VBR icon
Vanguard Morningstar Small-Cap Value ETF
VBR
+$3.75M
5
IGV icon
iShares Expanded Tech-Software Sector ETF
IGV
+$2.72M

Top Sells

Rank Stock Value
1
FNDB icon
Schwab Fundamental US Broad Market Index ETF
FNDB
+$2.13M
2
DAL icon
Delta Air Lines
DAL
+$1.24M
3
PFE icon
Pfizer
PFE
+$789K
4
OEF icon
iShares S&P 100 ETF
OEF
+$783K
5
TFI icon
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
+$740K

Sector Composition

Rank Sector Weight
1 Communication Services 15.3%
2 Technology 4.89%
3 Healthcare 3.07%
4 Financials 2.87%
5 Consumer Discretionary 2.56%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PG icon
51
Procter & Gamble
PG
$336B
$1.41M 0.28%
11,799
+434
+4% +$50.6K
GLD icon
52
SPDR Gold Trust
GLD
$131B
$1.39M 0.27%
8,274
+21
+0.3% +$3.39K
ADBE icon
53
Adobe
ADBE
$99.5B
$1.37M 0.27%
3,149
+1,209
+62% +$448K
MCD icon
54
McDonald's
MCD
$192B
$1.36M 0.27%
7,370
+1,112
+18% +$204K
KMI icon
55
Kinder Morgan
KMI
$71.7B
$1.35M 0.27%
89,109
+6,529
+8% +$99.2K
IEMG icon
56
iShares Core MSCI Emerging Markets ETF
IEMG
$150B
$1.33M 0.26%
27,855
-1,826
-6% -$81.5K
CMCSA icon
57
Comcast
CMCSA
$85B
$1.31M 0.26%
33,564
+896
+3% +$34.1K
MFC icon
58
Manulife Financial
MFC
$73.9B
$1.3M 0.26%
95,541
+10,668
+13% +$134K
GSLC icon
59
Goldman Sachs ActiveBeta US Large Cap Equity ETF
GSLC
$15.1B
$1.26M 0.25%
20,153
+2,120
+12% +$126K
CHL
60
DELISTED
China Mobile Limited
CHL
$1.25M 0.25%
37,197
+4,006
+12% +$148K
DOW icon
61
Dow Inc
DOW
$21.9B
$1.23M 0.24%
30,240
+2,156
+8% +$78.9K
TJX icon
62
TJX Companies
TJX
$174B
$1.17M 0.23%
23,215
+394
+2% +$19.8K
IBTX
63
DELISTED
Independent Bank Group, Inc.
IBTX
$1.14M 0.23%
28,161
-3,000
-10% -$97.1K
EWW icon
64
iShares MSCI Mexico ETF
EWW
$1.92B
$1.11M 0.22%
34,794
+5,066
+17% +$154K
EW icon
65
Edwards Lifesciences
EW
$49.6B
$1.09M 0.21%
15,768
+5,580
+55% +$397K
F icon
66
Ford
F
$58.5B
$937K 0.18%
154,138
-16,571
-10% -$91.8K
BAC icon
67
Bank of America
BAC
$435B
$902K 0.18%
37,961
+14,410
+61% +$340K
TMUS icon
68
T-Mobile US
TMUS
$185B
$870K 0.17%
8,352
+3,313
+66% +$318K
SLB icon
69
SLB Ltd
SLB
$73.6B
$857K 0.17%
46,621
+6,793
+17% +$119K
FNDA icon
70
Schwab Fundamental US Small Company Index ETF
FNDA
$9.12B
$854K 0.17%
53,852
+1,954
+4% +$28.9K
IWM icon
71
iShares Russell 2000 ETF
IWM
$79.8B
$841K 0.17%
5,872
-339
-5% -$44.5K
APA icon
72
APA Corp
APA
$13.2B
$800K 0.16%
+59,255
New +$676K
FNDX icon
73
Schwab Fundamental US Large Company Index ETF
FNDX
$26.7B
$792K 0.16%
64,494
-18,129
-22% -$214K
RZV icon
74
Invesco S&P SmallCap 600 Pure Value ETF
RZV
$290M
$785K 0.15%
+16,668
New +$705K
GSIE icon
75
Goldman Sachs ActiveBeta International Equity ETF
GSIE
$6B
$749K 0.15%
28,167
+1,582
+6% +$39.8K
1 2
3
4 5

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Covenant Multifamily Offices's Q2 2020 Portfolio in Review

As of Q2 2020, Covenant Multifamily Offices held 164 positions worth $507M, up 28% from $397M the previous quarter. Its ten largest holdings account for 69% of the portfolio.

Covenant Multifamily Offices deployed $42.8M of net new capital in Q2 2020, opening 51 new positions and adding to 60 existing holdings. Its largest new stake was Vanguard Morningstar Small-Cap Value ETF: 37,344 shares worth $3.99M.

By sector, the portfolio is most concentrated in Communication Services at 15% of assets, down from 18% a quarter earlier, followed by Technology and Healthcare.

On the sell side, the largest reduction was Schwab Fundamental US Broad Market Index ETF, an estimated $2.13M trimmed.

  • Covenant Multifamily Offices's largest Q2 2020 buy was Vanguard Morningstar Small-Cap Value ETF: 37,344 shares worth $3.99M.
  • Covenant Multifamily Offices added most to iShares MSCI Emerging Markets ETF in Q2 2020, an estimated $5.39M increase.
  • Covenant Multifamily Offices's biggest Q2 2020 reduction was Schwab Fundamental US Broad Market Index ETF, cutting an estimated $2.13M.
  • Covenant Multifamily Offices fully exited State Street SPDR Nuveen ICE Municipal Bond ETF in Q2 2020, selling an estimated $740K.
  • Covenant Multifamily Offices's ten largest holdings make up 69% of its $507M portfolio in Q2 2020.
  • Covenant Multifamily Offices opened 51 new positions and closed 8 in Q2 2020.
  • Covenant Multifamily Offices's portfolio value rose 28% quarter-over-quarter to $507M.

Based on Covenant Multifamily Offices's 13F filing for Q2 2020, filed 11 Aug 2020.