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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
+3.7%
1 Year Est. Return
+25.75%
3 Year Est. Return
+38.34%
5 Year Est. Return
+79.2%
10 Year Est. Return
–
AUM
$456M
AUM Growth
+$147M
Cap. Flow
+$133M
Cap. Flow %
29.25%
Top 10 Hldgs %
68.3%
Holding
290
New
67
Increased
56
Reduced
11
Closed
148

Top Buys

Rank Stock Value
1
T icon
AT&T
T
+$77.1M
2
VIG icon
Vanguard Dividend Appreciation ETF
VIG
+$5.99M
3
FNDB icon
Schwab Fundamental US Broad Market Index ETF
FNDB
+$4.73M
4
SCHF icon
Schwab International Equity ETF
SCHF
+$4.68M
5
DJP icon
iPath Bloomberg Commodity Index Total Return ETN due 12 June 2036
DJP
+$3.89M

Top Sells

Rank Stock Value
1
VHT icon
Vanguard Health Care ETF
VHT
+$12.4M
2
VEA icon
Vanguard FTSE Developed Markets ETF
VEA
+$10M
3
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$7.32M
4
IWP icon
iShares Russell Mid-Cap Growth ETF
IWP
+$3.67M
5
QCOM icon
Qualcomm
QCOM
+$1.21M

Sector Composition

Rank Sector Weight
1 Communication Services 19.63%
2 Energy 3.83%
3 Consumer Discretionary 3.15%
4 Technology 3.08%
5 Healthcare 3.04%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
XLU icon
76
State Street Utilities Select Sector SPDR ETF
XLU
$22.8B
$911K 0.2%
30,570
+30,390
+16,883% +$893K
BBY icon
77
Best Buy
BBY
$18.2B
$898K 0.2%
12,884
+12,834
+25,668% +$895K
VB icon
78
Vanguard Morningstar Small-Cap ETF
VB
$79.5B
$849K 0.19%
5,418
+2,354
+77% +$364K
SCHP icon
79
Schwab US TIPS ETF
SCHP
$16.3B
$825K 0.18%
29,286
+25,350
+644% +$702K
EWW icon
80
iShares MSCI Mexico ETF
EWW
$1.92B
$806K 0.18%
+18,578
New +$834K
TFI icon
81
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
$3.05B
$802K 0.18%
+15,997
New +$794K
DISH
82
DELISTED
DISH Network Corp.
DISH
$800K 0.18%
+20,825
New +$739K
XLE icon
83
State Street Energy Select Sector SPDR ETF
XLE
$39.6B
$796K 0.17%
25,000
– –
GPMT
84
Granite Point Mortgage Trust
GPMT
$69M
$746K 0.16%
38,890
– –
CAT icon
85
Caterpillar
CAT
$375B
$742K 0.16%
5,441
+476
+10% +$62.9K
FNDA icon
86
Schwab Fundamental US Small Company Index ETF
FNDA
$9.12B
$715K 0.16%
+37,922
New +$712K
AFL icon
87
Aflac
AFL
$64.9B
$700K 0.15%
+12,767
New +$658K
GSLC icon
88
Goldman Sachs ActiveBeta US Large Cap Equity ETF
GSLC
$15.1B
$674K 0.15%
+11,473
New +$663K
ADBE icon
89
Adobe
ADBE
$99.5B
$672K 0.15%
+2,281
New +$633K
MRK icon
90
Merck
MRK
$322B
$622K 0.14%
+7,776
New +$595K
AMZN icon
91
Amazon
AMZN
$2.92T
$619K 0.14%
6,540
+3,680
+129% +$343K
GE icon
92
GE Aerospace
GE
$374B
$605K 0.13%
11,557
+11,545
+96,208% +$568K
SCHB icon
93
Schwab US Broad Market ETF
SCHB
$43.2B
$605K 0.13%
+51,432
New +$594K
BAC icon
94
Bank of America
BAC
$435B
$567K 0.12%
19,555
+18,729
+2,267% +$540K
EW icon
95
Edwards Lifesciences
EW
$49.6B
$556K 0.12%
+9,027
New +$546K
IBND icon
96
State Street SPDR Bloomberg International Corporate Bond ETF
IBND
$460M
$551K 0.12%
+16,118
New +$539K
CVX icon
97
Chevron
CVX
$392B
$550K 0.12%
+4,416
New +$534K
COST icon
98
Costco
COST
$422B
$543K 0.12%
+2,056
New +$512K
VFC icon
99
VF Corp
VFC
$5.63B
$516K 0.11%
5,906
-259
-4% -$22.3K
GSIE icon
100
Goldman Sachs ActiveBeta International Equity ETF
GSIE
$6B
$511K 0.11%
+17,810
New +$505K
2 3
4
5 6

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Covenant Multifamily Offices's Q2 2019 Portfolio in Review

As of Q2 2019, Covenant Multifamily Offices held 290 positions worth $456M, up 48% from $309M the previous quarter. Its ten largest holdings account for 68% of the portfolio.

Covenant Multifamily Offices deployed $133M of net new capital in Q2 2019, opening 67 new positions and adding to 56 existing holdings. Its largest new stake was AT&T: 3,214,734 shares worth $81.4M.

By sector, the portfolio is most concentrated in Communication Services at 20% of assets, up from 1.4% a quarter earlier, followed by Energy and Consumer Discretionary.

On the sell side, the largest reduction was Vanguard FTSE Developed Markets ETF, an estimated $10M trimmed.

  • Covenant Multifamily Offices's largest Q2 2019 buy was AT&T: 3,214,734 shares worth $81.4M.
  • Covenant Multifamily Offices added most to Vanguard Dividend Appreciation ETF in Q2 2019, an estimated $5.99M increase.
  • Covenant Multifamily Offices's biggest Q2 2019 reduction was Vanguard FTSE Developed Markets ETF, cutting an estimated $10M.
  • Covenant Multifamily Offices fully exited Vanguard Health Care ETF in Q2 2019, selling an estimated $12.4M.
  • Covenant Multifamily Offices's ten largest holdings make up 68% of its $456M portfolio in Q2 2019.
  • Covenant Multifamily Offices opened 67 new positions and closed 148 in Q2 2019.
  • Covenant Multifamily Offices's portfolio value rose 48% quarter-over-quarter to $456M.

Based on Covenant Multifamily Offices's 13F filing for Q2 2019, filed 31 Jul 2019.