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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
+6.22%
1 Year Est. Return
+25.75%
3 Year Est. Return
+38.34%
5 Year Est. Return
+79.2%
10 Year Est. Return
–
AUM
$586M
AUM Growth
+$120M
Cap. Flow
+$213M
Cap. Flow %
36.4%
Top 10 Hldgs %
58.34%
Holding
192
New
52
Increased
102
Reduced
32
Closed
4

Top Buys

Rank Stock Value
1
DVA icon
DaVita
DVA
+$24.1M
2
FDX icon
FedEx
FDX
+$20.4M
3
RTN
Raytheon Company
RTN
+$16.3M
4
SO icon
Southern Company
SO
+$10.5M
5
MMM icon
3M
MMM
+$9.57M

Top Sells

Rank Stock Value
1
FNDX icon
Schwab Fundamental US Large Company Index ETF
FNDX
+$1.96M
2
MSFT icon
Microsoft
MSFT
+$1.39M
3
GDXJ icon
VanEck Junior Gold Miners ETF
GDXJ
+$991K
4
GLW icon
Corning
GLW
+$812K
5
IAU icon
iShares Gold Trust
IAU
+$463K

Sector Composition

Rank Sector Weight
1 Communication Services 18.14%
2 Healthcare 4.54%
3 Consumer Discretionary 3.75%
4 Technology 3.37%
5 Industrials 3.31%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PAYX icon
76
Paychex
PAYX
$41.6B
$1.34M 0.23%
+30,397
New +$2.56M
XOP icon
77
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.65B
$1.34M 0.23%
+14,144
New +$1.23M
PNC icon
78
PNC Financial Services
PNC
$99.7B
$1.33M 0.23%
+13,664
New +$2.05M
WHR icon
79
Whirlpool
WHR
$2.43B
$1.33M 0.23%
9,009
-80
-0.9% -$12.1K
AFL icon
80
Aflac
AFL
$64.9B
$1.33M 0.23%
25,103
+12,518
+99% +$664K
WAB icon
81
Wabtec
WAB
$49.1B
$1.31M 0.22%
+24,208
New +$1.79M
COF icon
82
Capital One
COF
$128B
$1.29M 0.22%
12,581
+316
+3% +$30.5K
MDLZ icon
83
Mondelez International
MDLZ
$79.5B
$1.29M 0.22%
22,011
+1,299
+6% +$69.5K
MDT icon
84
Medtronic
MDT
$109B
$1.27M 0.22%
11,261
+410
+4% +$45K
MET icon
85
MetLife
MET
$61.9B
$1.25M 0.21%
+12,039
New +$581K
SCHZ icon
86
Schwab US Aggregate Bond ETF
SCHZ
$10.5B
$1.25M 0.21%
46,740
-300
-0.6% -$8.04K
GOVT icon
87
iShares US Treasury Bond ETF
GOVT
$43.6B
$1.24M 0.21%
37,538
+28,813
+330% +$753K
RTX icon
88
RTX Corp
RTX
$290B
$1.22M 0.21%
+39,576
New +$3.59M
LCII icon
89
LCI Industries
LCII
$2.49B
$1.21M 0.21%
11,330
-1,527
-12% -$155K
XLE icon
90
State Street Energy Select Sector SPDR ETF
XLE
$39.6B
$1.21M 0.21%
60,806
+35,806
+143% +$1.06M
IWM icon
91
iShares Russell 2000 ETF
IWM
$79.8B
$1.05M 0.18%
6,426
+215
+3% +$34K
INDA icon
92
iShares MSCI India ETF
INDA
$6.89B
$1.01M 0.17%
28,813
+855
+3% +$29.3K
VFC icon
93
VF Corp
VFC
$5.63B
$1.01M 0.17%
8,833
+2,898
+49% +$260K
GE icon
94
GE Aerospace
GE
$374B
$978K 0.17%
17,581
+7,936
+82% +$410K
MU icon
95
Micron Technology
MU
$930B
$978K 0.17%
+23,346
New +$1.11M
OXY icon
96
Occidental Petroleum
OXY
$56.8B
$978K 0.17%
22,571
-4,204
-16% -$168K
GPMT
97
Granite Point Mortgage Trust
GPMT
$69M
$977K 0.17%
52,520
+13,630
+35% +$250K
SHM icon
98
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
$3.46B
$946K 0.16%
19,265
– –
EW icon
99
Edwards Lifesciences
EW
$49.6B
$935K 0.16%
108,900
+98,739
+972% +$7.71M
MSFT icon
100
Microsoft
MSFT
$3.45T
$904K 0.15%
5,805
-9,453
-62% -$1.39M
2 3
4
5 6

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Covenant Multifamily Offices's Q4 2019 Portfolio in Review

As of Q4 2019, Covenant Multifamily Offices held 192 positions worth $586M, up 26% from $465M the previous quarter. Its ten largest holdings account for 58% of the portfolio.

Covenant Multifamily Offices deployed $213M of net new capital in Q4 2019, opening 52 new positions and adding to 102 existing holdings. Its largest new stake was DaVita: 363,795 shares worth $2.68M.

By sector, the portfolio is most concentrated in Communication Services at 18% of assets, down from 21% a quarter earlier, followed by Healthcare and Consumer Discretionary.

On the sell side, the largest reduction was Microsoft, an estimated $1.39M trimmed.

  • Covenant Multifamily Offices's largest Q4 2019 buy was DaVita: 363,795 shares worth $2.68M.
  • Covenant Multifamily Offices added most to Raytheon Company in Q4 2019, an estimated $16.3M increase.
  • Covenant Multifamily Offices's biggest Q4 2019 reduction was Microsoft, cutting an estimated $1.39M.
  • Covenant Multifamily Offices fully exited Schwab Fundamental US Large Company Index ETF in Q4 2019, selling an estimated $1.96M.
  • Covenant Multifamily Offices's ten largest holdings make up 58% of its $586M portfolio in Q4 2019.
  • Covenant Multifamily Offices opened 52 new positions and closed 4 in Q4 2019.
  • Covenant Multifamily Offices's portfolio value rose 26% quarter-over-quarter to $586M.

Based on Covenant Multifamily Offices's 13F filing for Q4 2019, filed 31 Jan 2020.