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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
-20.23%
1 Year Est. Return
+25.75%
3 Year Est. Return
+38.34%
5 Year Est. Return
+79.2%
10 Year Est. Return
–
AUM
$397M
AUM Growth
-$188M
Cap. Flow
-$106M
Cap. Flow %
-26.76%
Top 10 Hldgs %
74.01%
Holding
200
New
12
Increased
38
Reduced
61
Closed
87

Top Buys

Rank Stock Value
1
IGV icon
iShares Expanded Tech-Software Sector ETF
IGV
+$30.6M
2
VIG icon
Vanguard Dividend Appreciation ETF
VIG
+$25.5M
3
OEF icon
iShares S&P 100 ETF
OEF
+$18.9M
4
CSCO icon
Cisco
CSCO
+$2.58M
5
HPQ icon
HP
HPQ
+$2.11M

Top Sells

Rank Stock Value
1
VEA icon
Vanguard FTSE Developed Markets ETF
VEA
+$25M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$10.1M
3
SCHP icon
Schwab US TIPS ETF
SCHP
+$8.17M
4
IEFA icon
iShares Core MSCI EAFE ETF
IEFA
+$7.31M
5
EW icon
Edwards Lifesciences
EW
+$7.12M

Sector Composition

Rank Sector Weight
1 Communication Services 18.35%
2 Technology 4.11%
3 Healthcare 3.07%
4 Financials 2.19%
5 Consumer Discretionary 2.04%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NAT icon
76
Nordic American Tanker
NAT
$1.35B
$489K 0.12%
108,000
– –
MRK icon
77
Merck
MRK
$318B
$438K 0.11%
5,969
-69
-1% -$5.42K
TMUS icon
78
T-Mobile US
TMUS
$190B
$423K 0.11%
5,039
-405
-7% -$34.3K
DISH
79
DELISTED
DISH Network Corp.
DISH
$421K 0.11%
21,037
+347
+2% +$11.3K
IJH icon
80
iShares Core S&P Mid-Cap ETF
IJH
$126B
$407K 0.1%
14,130
+880
+7% +$32.7K
SCHP icon
81
Schwab US TIPS ETF
SCHP
$16.3B
$400K 0.1%
13,918
-285,504
-95% -$8.17M
GD icon
82
General Dynamics
GD
$104B
$397K 0.1%
3,000
-14,683
-83% -$2.44M
FNDE icon
83
Schwab Fundamental Emerging Markets Large Company Index ETF
FNDE
$9.8B
$388K 0.1%
18,861
+3,963
+27% +$104K
EL icon
84
Estee Lauder
EL
$31.8B
$384K 0.1%
2,409
-66
-3% -$12.7K
SCHB icon
85
Schwab US Broad Market ETF
SCHB
$44.7B
$376K 0.09%
37,332
-165,246
-82% -$2M
SCHZ icon
86
Schwab US Aggregate Bond ETF
SCHZ
$10.5B
$372K 0.09%
13,696
-33,044
-71% -$892K
VEA icon
87
Vanguard FTSE Developed Markets ETF
VEA
$235B
$371K 0.09%
11,133
-622,913
-98% -$25M
QQQ icon
88
Invesco QQQ Trust
QQQ
$481B
$367K 0.09%
+1,928
New +$408K
CWI icon
89
State Street SPDR MSCI ACWI ex-US ETF
CWI
$2.84B
$345K 0.09%
17,498
-405
-2% -$9.55K
GE icon
90
GE Aerospace
GE
$394B
$342K 0.09%
8,643
-8,938
-51% -$477K
VOO icon
91
Vanguard S&P 500 ETF
VOO
$1.01T
$326K 0.08%
1,378
-70
-5% -$19.6K
VWO icon
92
Vanguard FTSE Emerging Markets ETF
VWO
$124B
$308K 0.08%
9,172
-20,000
-69% -$815K
BP icon
93
BP
BP
$108B
$305K 0.08%
12,508
-9,626
-43% -$311K
USCI icon
94
US Commodity Index
USCI
$362M
$291K 0.07%
11,238
-11,026
-50% -$353K
RTX icon
95
RTX Corp
RTX
$299B
$283K 0.07%
4,762
-34,814
-88% -$2.95M
VTV icon
96
Vanguard Morningstar Value ETF
VTV
$191B
$280K 0.07%
3,141
-13,498
-81% -$1.48M
META icon
97
Meta Platforms (Facebook)
META
$1.51T
$279K 0.07%
1,673
-30,628
-95% -$6M
PID icon
98
Invesco International Dividend Achievers ETF
PID
$919M
$274K 0.07%
24,138
-108,051
-82% -$1.65M
ETN icon
99
Eaton
ETN
$176B
$268K 0.07%
3,446
-1,000
-22% -$91.7K
IVE icon
100
iShares S&P 500 Value ETF
IVE
$49.6B
$256K 0.06%
2,664
-540
-17% -$64.3K
2 3
4
5 6

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BJ
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GIA
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Covenant Multifamily Offices's Q1 2020 Portfolio in Review

As of Q1 2020, Covenant Multifamily Offices held 200 positions worth $397M, down 32% from $586M the previous quarter. Its ten largest holdings account for 74% of the portfolio.

Covenant Multifamily Offices withdrew a net $106M in Q1 2020, closing 87 positions and reducing 61 holdings. Its most notable exit was Southern Company, an estimated $5.76M position sold in full.

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

Against the trend, Covenant Multifamily Offices opened a new position in iShares Expanded Tech-Software Sector ETF worth $27.2M.

  • Covenant Multifamily Offices's largest Q1 2020 buy was iShares Expanded Tech-Software Sector ETF: 647,625 shares worth $27.2M.
  • Covenant Multifamily Offices added most to Vanguard Dividend Appreciation ETF in Q1 2020, an estimated $25.5M increase.
  • Covenant Multifamily Offices's biggest Q1 2020 reduction was Vanguard FTSE Developed Markets ETF, cutting an estimated $25M.
  • Covenant Multifamily Offices fully exited Southern Company in Q1 2020, selling an estimated $5.76M.
  • Covenant Multifamily Offices's ten largest holdings make up 74% of its $397M portfolio in Q1 2020.
  • Covenant Multifamily Offices opened 12 new positions and closed 87 in Q1 2020.
  • Covenant Multifamily Offices's portfolio value fell 32% quarter-over-quarter to $397M.

Based on Covenant Multifamily Offices's 13F filing for Q1 2020, filed 5 May 2020.