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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
-13.85%
1 Year Est. Return
+25.75%
3 Year Est. Return
+38.34%
5 Year Est. Return
+79.2%
10 Year Est. Return
–
AUM
$262M
AUM Growth
-$24.1M
Cap. Flow
+$14.1M
Cap. Flow %
5.37%
Top 10 Hldgs %
81.67%
Holding
76
New
28
Increased
6
Reduced
15
Closed
21

Top Buys

Rank Stock Value
1
VEA icon
Vanguard FTSE Developed Markets ETF
VEA
+$41.4M
2
VIG icon
Vanguard Dividend Appreciation ETF
VIG
+$31.6M
3
VHT icon
Vanguard Health Care ETF
VHT
+$12.1M
4
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$9.14M
5
IWV icon
iShares Russell 3000 ETF
IWV
+$4.64M

Top Sells

Rank Stock Value
1
IVV icon
iShares Core S&P 500 ETF
IVV
+$27.1M
2
EWJ icon
iShares MSCI Japan ETF
EWJ
+$13.9M
3
EFA icon
iShares MSCI EAFE ETF
EFA
+$12M
4
IWM icon
iShares Russell 2000 ETF
IWM
+$9.97M
5
QUAL icon
iShares MSCI USA Quality Factor ETF
QUAL
+$8.67M

Sector Composition

Rank Sector Weight
1 Energy 3.58%
2 Technology 2.88%
3 Healthcare 2.65%
4 Consumer Discretionary 2.17%
5 Financials 1.47%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PX
76
DELISTED
Praxair Inc
PX
– –
-3,070
Closed -$494K
1 2 3
4

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Covenant Multifamily Offices's Q4 2018 Portfolio in Review

As of Q4 2018, Covenant Multifamily Offices held 76 positions worth $262M, down 8.4% from $286M the previous quarter. Its ten largest holdings account for 82% of the portfolio.

Covenant Multifamily Offices deployed $14.1M of net new capital in Q4 2018, opening 28 new positions and adding to 6 existing holdings. Its largest new stake was Vanguard FTSE Developed Markets ETF: 1,045,717 shares worth $38.8M.

By sector, the portfolio is most concentrated in Energy at 3.6% of assets, down from 4.5% a quarter earlier, followed by Technology and Healthcare.

On the sell side, the largest reduction was iShares Core S&P 500 ETF, an estimated $27.1M trimmed.

  • Covenant Multifamily Offices's largest Q4 2018 buy was Vanguard FTSE Developed Markets ETF: 1,045,717 shares worth $38.8M.
  • Covenant Multifamily Offices added most to State Street SPDR S&P 500 ETF Trust in Q4 2018, an estimated $9.14M increase.
  • Covenant Multifamily Offices's biggest Q4 2018 reduction was iShares Core S&P 500 ETF, cutting an estimated $27.1M.
  • Covenant Multifamily Offices fully exited iShares MSCI Japan ETF in Q4 2018, selling an estimated $13.9M.
  • Covenant Multifamily Offices's ten largest holdings make up 82% of its $262M portfolio in Q4 2018.
  • Covenant Multifamily Offices opened 28 new positions and closed 21 in Q4 2018.
  • Covenant Multifamily Offices's portfolio value fell 8.4% quarter-over-quarter to $262M.

Based on Covenant Multifamily Offices's 13F filing for Q4 2018, filed 11 Feb 2019.