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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
+2.95%
1 Year Est. Return
+25.75%
3 Year Est. Return
+38.34%
5 Year Est. Return
+79.2%
10 Year Est. Return
–
AUM
$465M
AUM Growth
+$9.27M
Cap. Flow
-$249K
Cap. Flow %
-0.05%
Top 10 Hldgs %
66.98%
Holding
158
New
16
Increased
78
Reduced
31
Closed
18

Top Buys

Rank Stock Value
1
VIG icon
Vanguard Dividend Appreciation ETF
VIG
+$7.44M
2
SYF icon
Synchrony
SYF
+$1.68M
3
IEFA icon
iShares Core MSCI EAFE ETF
IEFA
+$1.6M
4
VTV icon
Vanguard Morningstar Value ETF
VTV
+$1.48M
5
IVV icon
iShares Core S&P 500 ETF
IVV
+$1.45M

Top Sells

Rank Stock Value
1
QUAL icon
iShares MSCI USA Quality Factor ETF
QUAL
+$10.1M
2
VEA icon
Vanguard FTSE Developed Markets ETF
VEA
+$6.83M
3
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$2.9M
4
STT icon
State Street
STT
+$1.48M
5
WMT icon
Walmart Inc
WMT
+$1.33M

Sector Composition

Rank Sector Weight
1 Communication Services 21.22%
2 Energy 3.37%
3 Technology 3.26%
4 Consumer Discretionary 2.85%
5 Healthcare 2.82%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SHM icon
76
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
$3.46B
$944K 0.2%
19,265
-200
-1% -$9.82K
IWM icon
77
iShares Russell 2000 ETF
IWM
$79.8B
$940K 0.2%
6,211
-160
-3% -$24.4K
INDA icon
78
iShares MSCI India ETF
INDA
$6.89B
$939K 0.2%
27,958
+1,388
+5% +$45.8K
SCHB icon
79
Schwab US Broad Market ETF
SCHB
$43.2B
$906K 0.19%
76,584
+25,152
+49% +$297K
BBY icon
80
Best Buy
BBY
$18.2B
$894K 0.19%
12,953
+69
+0.5% +$4.81K
MUB icon
81
iShares National Muni Bond ETF
MUB
$45.1B
$870K 0.19%
+7,622
New +$870K
IGIB icon
82
iShares 5-10 Year Investment Grade Corporate Bond ETF
IGIB
$18.5B
$853K 0.18%
+14,721
New +$846K
EWW icon
83
iShares MSCI Mexico ETF
EWW
$1.92B
$831K 0.18%
19,453
+875
+5% +$36.5K
FNDA icon
84
Schwab Fundamental US Small Company Index ETF
FNDA
$9.12B
$792K 0.17%
41,950
+4,028
+11% +$75.3K
TFI icon
85
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
$3.05B
$760K 0.16%
14,997
-1,000
-6% -$50.7K
EW icon
86
Edwards Lifesciences
EW
$49.6B
$745K 0.16%
10,161
+1,134
+13% +$79.7K
XLE icon
87
State Street Energy Select Sector SPDR ETF
XLE
$39.6B
$740K 0.16%
25,000
– –
DISH
88
DELISTED
DISH Network Corp.
DISH
$740K 0.16%
21,725
+900
+4% +$32.2K
GSIE icon
89
Goldman Sachs ActiveBeta International Equity ETF
GSIE
$6B
$730K 0.16%
25,799
+7,989
+45% +$225K
GPMT
90
Granite Point Mortgage Trust
GPMT
$69M
$729K 0.16%
38,890
– –
COST icon
91
Costco
COST
$422B
$728K 0.16%
2,528
+472
+23% +$133K
ADBE icon
92
Adobe
ADBE
$99.5B
$711K 0.15%
2,572
+291
+13% +$85K
CAT icon
93
Caterpillar
CAT
$375B
$693K 0.15%
5,490
+49
+0.9% +$6.22K
AFL icon
94
Aflac
AFL
$64.9B
$658K 0.14%
12,585
-182
-1% -$9.61K
IP icon
95
International Paper
IP
$21.6B
$657K 0.14%
16,584
-6,074
-27% -$237K
BAC icon
96
Bank of America
BAC
$435B
$629K 0.14%
21,551
+1,996
+10% +$57.4K
CVX icon
97
Chevron
CVX
$392B
$569K 0.12%
4,794
+378
+9% +$45.9K
IBND icon
98
State Street SPDR Bloomberg International Corporate Bond ETF
IBND
$460M
$557K 0.12%
16,717
+599
+4% +$20.3K
AIG icon
99
American International
AIG
$41.7B
$535K 0.12%
9,606
+989
+11% +$54.7K
VFC icon
100
VF Corp
VFC
$5.63B
$528K 0.11%
5,935
+29
+0.5% +$2.48K
2 3
4
5 6

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Covenant Multifamily Offices's Q3 2019 Portfolio in Review

As of Q3 2019, Covenant Multifamily Offices held 158 positions worth $465M, up 2% from $456M the previous quarter. Its ten largest holdings account for 67% of the portfolio.

Covenant Multifamily Offices's Q3 2019 filing shows 16 new, 78 increased, 31 reduced and 18 closed positions. Its largest new stake was Synchrony: 49,013 shares worth $1.67M. The largest sale was iShares MSCI USA Quality Factor ETF, an estimated $10.1M.

By sector, the portfolio is most concentrated in Communication Services at 21% of assets, up from 20% a quarter earlier, followed by Energy and Technology.

  • Covenant Multifamily Offices's largest Q3 2019 buy was Synchrony: 49,013 shares worth $1.67M.
  • Covenant Multifamily Offices added most to Vanguard Dividend Appreciation ETF in Q3 2019, an estimated $7.44M increase.
  • Covenant Multifamily Offices's biggest Q3 2019 reduction was iShares MSCI USA Quality Factor ETF, cutting an estimated $10.1M.
  • Covenant Multifamily Offices fully exited State Street in Q3 2019, selling an estimated $1.48M.
  • Covenant Multifamily Offices's ten largest holdings make up 67% of its $465M portfolio in Q3 2019.
  • Covenant Multifamily Offices opened 16 new positions and closed 18 in Q3 2019.
  • Covenant Multifamily Offices's portfolio value rose 2% quarter-over-quarter to $465M.

Based on Covenant Multifamily Offices's 13F filing for Q3 2019, filed 8 Nov 2019.