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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
+8.2%
1 Year Est. Return
+25.75%
3 Year Est. Return
+38.34%
5 Year Est. Return
+79.2%
10 Year Est. Return
–
AUM
$489M
AUM Growth
-$70.2M
(-13%)
Cap. Flow
-$102M
Cap. Flow
% of AUM
-20.94%
Top 10 Holdings %
Top 10 Hldgs %
59.2%
Holding
193
New
56
Increased
54
Reduced
56
Closed
10
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Texas Instruments
TXN
|
+$35.3M |
| 2 |
AT&T
T
|
+$14.4M |
| 3 |
Schwab Fundamental US Large Company Index ETF
FNDX
|
+$8.45M |
| 4 |
State Street Financial Select Sector SPDR ETF
XLF
|
+$5.75M |
| 5 |
Goldman Sachs ActiveBeta Emerging Markets Equity ETF
GEM
|
+$4.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$51.7M |
| 2 |
Vanguard Dividend Appreciation ETF
VIG
|
+$37.3M |
| 3 |
iShares MSCI USA Quality Factor ETF
QUAL
|
+$29.4M |
| 4 |
iShares Expanded Tech-Software Sector ETF
IGV
|
+$26.1M |
| 5 |
iShares S&P 100 ETF
OEF
|
+$21M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 18.32% |
| 2 | Technology | 14.48% |
| 3 | Financials | 5.03% |
| 4 | Energy | 3.65% |
| 5 | Consumer Discretionary | 3.59% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
SPDR Gold Trust
GLD
$131B
| $1.75M | 0.36% |
10,942
-8
| -0.1% | -$1.34K |
|
52
Reinsurance Group of America
RGA
$15.5B
| $1.74M | 0.36% |
+13,799
| New | +$1.64M |
|
53
Manulife Financial
MFC
$74B
| $1.67M | 0.34% |
77,486
-8,707
| -10% | -$173K |
|
54
Procter & Gamble
PG
$338B
| $1.65M | 0.34% |
12,173
+520
| +4% | +$67.8K |
|
55
McDonald's
MCD
$188B
| $1.63M | 0.33% |
7,285
+242
| +3% | +$51.8K |
|
56
Invesco S&P SmallCap 600 Pure Value ETF
RZV
$301M
| $1.61M | 0.33% |
18,207
-317
| -2% | -$25.5K |
|
57
Mondelez International
MDLZ
$78.8B
| $1.57M | 0.32% |
26,801
+4,075
| +18% | +$230K |
|
|
WBA
58
DELISTED
Walgreens Boots Alliance
WBA
| $1.55M | 0.32% |
28,191
-6,922
| -20% | -$342K |
|
59
Kinder Morgan
KMI
$69.9B
| $1.51M | 0.31% |
90,867
-1,027
| -1% | -$15.7K |
|
60
TJX Companies
TJX
$174B
| $1.51M | 0.31% |
22,800
+683
| +3% | +$45.7K |
|
61
iShares Core MSCI EAFE ETF
IEFA
$191B
| $1.48M | 0.3% |
20,565
-3,148
| -13% | -$225K |
|
62
iShares MSCI India ETF
INDA
$6.61B
| $1.4M | 0.29% |
33,236
-6,370
| -16% | -$267K |
|
63
iShares Russell 2000 ETF
IWM
$81.5B
| $1.39M | 0.28% |
6,272
+400
| +7% | +$87.3K |
|
64
Merck
MRK
$316B
| $1.38M | 0.28% |
18,795
+14,269
| +315% | +$1.05M |
|
65
Schwab International Equity ETF
SCHF
$67.1B
| $1.38M | 0.28% |
73,484
-3,544
| -5% | -$66.1K |
|
66
Cisco
CSCO
$457B
| $1.36M | 0.28% |
26,216
-4,330
| -14% | -$203K |
|
67
Dow Inc
DOW
$21.6B
| $1.29M | 0.26% |
20,125
-3,958
| -16% | -$237K |
|
68
iShares MSCI Mexico ETF
EWW
$1.97B
| $1.25M | 0.26% |
28,637
-273
| -0.9% | -$11.7K |
|
69
Vanguard Morningstar Small-Cap ETF
VB
$80.7B
| $1.19M | 0.24% |
5,546
-31,311
| -85% | -$6.6M |
|
70
Whirlpool
WHR
$2.54B
| $1.19M | 0.24% |
5,380
-1,130
| -17% | -$224K |
|
71
JPMorgan Chase
JPM
$937B
| $1.16M | 0.24% |
7,600
+5,527
| +267% | +$795K |
|
72
Adient
ADNT
$1.65B
| $1.1M | 0.23% |
24,998
+3,553
| +17% | +$134K |
|
|
IBTX
73
DELISTED
Independent Bank Group, Inc.
IBTX
| $1.1M | 0.22% |
15,228
-5,600
| -27% | -$393K |
|
74
Goldman Sachs ActiveBeta International Equity ETF
GSIE
$6.03B
| $1.09M | 0.22% |
33,080
+7,130
| +27% | +$234K |
|
75
Lam Research
LRCX
$369B
| $1.05M | 0.22% |
17,700
+10,740
| +154% | +$585K |
|
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Covenant Multifamily Offices's Q1 2021 Portfolio in Review
As of Q1 2021, Covenant Multifamily Offices held 193 positions worth $489M, down 13% from $559M the previous quarter. Its ten largest holdings account for 59% of the portfolio.
Covenant Multifamily Offices withdrew a net $102M in Q1 2021, closing 10 positions and reducing 56 holdings. Its most notable exit was iShares Russell Mid-Cap Growth ETF, an estimated $17.3M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 18% of assets, up from 12% a quarter earlier, followed by Technology and Financials.
Against the trend, Covenant Multifamily Offices opened a new position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF worth $4.13M.
- Covenant Multifamily Offices's largest Q1 2021 buy was Goldman Sachs ActiveBeta Emerging Markets Equity ETF: 104,684 shares worth $4.13M.
- Covenant Multifamily Offices added most to Texas Instruments in Q1 2021, an estimated $35.3M increase.
- Covenant Multifamily Offices's biggest Q1 2021 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $51.7M.
- Covenant Multifamily Offices fully exited iShares Russell Mid-Cap Growth ETF in Q1 2021, selling an estimated $17.3M.
- Covenant Multifamily Offices's ten largest holdings make up 59% of its $489M portfolio in Q1 2021.
- Covenant Multifamily Offices opened 56 new positions and closed 10 in Q1 2021.
- Covenant Multifamily Offices's portfolio value fell 13% quarter-over-quarter to $489M.
Based on Covenant Multifamily Offices's 13F filing for Q1 2021, filed 11 May 2021.