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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
+17.84%
1 Year Est. Return
+25.75%
3 Year Est. Return
+38.34%
5 Year Est. Return
+79.2%
10 Year Est. Return
–
AUM
$507M
AUM Growth
+$110M
Cap. Flow
+$42.8M
Cap. Flow %
8.43%
Top 10 Hldgs %
69.22%
Holding
164
New
51
Increased
60
Reduced
33
Closed
8

Top Buys

Rank Stock Value
1
EEM icon
iShares MSCI Emerging Markets ETF
EEM
+$5.39M
2
VTV icon
Vanguard Morningstar Value ETF
VTV
+$3.96M
3
VB icon
Vanguard Morningstar Small-Cap ETF
VB
+$3.81M
4
VBR icon
Vanguard Morningstar Small-Cap Value ETF
VBR
+$3.75M
5
IGV icon
iShares Expanded Tech-Software Sector ETF
IGV
+$2.72M

Top Sells

Rank Stock Value
1
FNDB icon
Schwab Fundamental US Broad Market Index ETF
FNDB
+$2.13M
2
DAL icon
Delta Air Lines
DAL
+$1.24M
3
PFE icon
Pfizer
PFE
+$789K
4
OEF icon
iShares S&P 100 ETF
OEF
+$783K
5
TFI icon
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
+$740K

Sector Composition

Rank Sector Weight
1 Communication Services 15.3%
2 Technology 4.89%
3 Healthcare 3.07%
4 Financials 2.87%
5 Consumer Discretionary 2.56%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
COST icon
76
Costco
COST
$422B
$723K 0.14%
2,386
+6
+0.3% +$1.82K
DISH
77
DELISTED
DISH Network Corp.
DISH
$723K 0.14%
20,951
-86
-0.4% -$2.39K
MRK icon
78
Merck
MRK
$322B
$697K 0.14%
9,449
+3,480
+58% +$262K
IJR icon
79
iShares Core S&P Small-Cap ETF
IJR
$109B
$677K 0.13%
+9,918
New +$626K
DAL icon
80
Delta Air Lines
DAL
$57.5B
$645K 0.13%
22,998
-48,816
-68% -$1.24M
WMT icon
81
Walmart Inc
WMT
$885B
$612K 0.12%
+15,321
New +$630K
SCHM icon
82
Schwab US Mid-Cap ETF
SCHM
$14.5B
$581K 0.11%
33,105
-7,881
-19% -$128K
QQQ icon
83
Invesco QQQ Trust
QQQ
$461B
$553K 0.11%
2,235
+307
+16% +$68.8K
FNDE icon
84
Schwab Fundamental Emerging Markets Large Company Index ETF
FNDE
$9.72B
$508K 0.1%
21,683
+2,822
+15% +$63.2K
RTX icon
85
RTX Corp
RTX
$290B
$491K 0.1%
7,965
+3,203
+67% +$200K
LOW icon
86
Lowe's Companies
LOW
$117B
$475K 0.09%
+3,518
New +$402K
SAP icon
87
SAP
SAP
$212B
$468K 0.09%
+3,345
New +$412K
IJH icon
88
iShares Core S&P Mid-Cap ETF
IJH
$122B
$462K 0.09%
13,000
-1,130
-8% -$37.5K
GIS icon
89
General Mills
GIS
$19.1B
$459K 0.09%
+7,439
New +$449K
C icon
90
Citigroup
C
$222B
$455K 0.09%
+8,904
New +$422K
EL icon
91
Estee Lauder
EL
$30.4B
$455K 0.09%
2,409
– –
CONE
92
DELISTED
CyrusOne Inc Common Stock
CONE
$453K 0.09%
+6,231
New +$444K
GD icon
93
General Dynamics
GD
$104B
$448K 0.09%
3,000
– –
KR icon
94
Kroger
KR
$35.4B
$444K 0.09%
+13,123
New +$426K
LRCX icon
95
Lam Research
LRCX
$367B
$441K 0.09%
+13,620
New +$371K
NAT icon
96
Nordic American Tanker
NAT
$1.38B
$438K 0.09%
108,000
– –
AMGN icon
97
Amgen
AMGN
$208B
$429K 0.08%
+1,817
New +$415K
ISRG icon
98
Intuitive Surgical
ISRG
$127B
$426K 0.08%
+2,241
New +$402K
AIG icon
99
American International
AIG
$41.7B
$417K 0.08%
+13,360
New +$375K
CIEN icon
100
Ciena
CIEN
$53.4B
$394K 0.08%
+7,274
New +$362K
2 3
4
5 6

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Covenant Multifamily Offices's Q2 2020 Portfolio in Review

As of Q2 2020, Covenant Multifamily Offices held 164 positions worth $507M, up 28% from $397M the previous quarter. Its ten largest holdings account for 69% of the portfolio.

Covenant Multifamily Offices deployed $42.8M of net new capital in Q2 2020, opening 51 new positions and adding to 60 existing holdings. Its largest new stake was Vanguard Morningstar Small-Cap Value ETF: 37,344 shares worth $3.99M.

By sector, the portfolio is most concentrated in Communication Services at 15% of assets, down from 18% a quarter earlier, followed by Technology and Healthcare.

On the sell side, the largest reduction was Schwab Fundamental US Broad Market Index ETF, an estimated $2.13M trimmed.

  • Covenant Multifamily Offices's largest Q2 2020 buy was Vanguard Morningstar Small-Cap Value ETF: 37,344 shares worth $3.99M.
  • Covenant Multifamily Offices added most to iShares MSCI Emerging Markets ETF in Q2 2020, an estimated $5.39M increase.
  • Covenant Multifamily Offices's biggest Q2 2020 reduction was Schwab Fundamental US Broad Market Index ETF, cutting an estimated $2.13M.
  • Covenant Multifamily Offices fully exited State Street SPDR Nuveen ICE Municipal Bond ETF in Q2 2020, selling an estimated $740K.
  • Covenant Multifamily Offices's ten largest holdings make up 69% of its $507M portfolio in Q2 2020.
  • Covenant Multifamily Offices opened 51 new positions and closed 8 in Q2 2020.
  • Covenant Multifamily Offices's portfolio value rose 28% quarter-over-quarter to $507M.

Based on Covenant Multifamily Offices's 13F filing for Q2 2020, filed 11 Aug 2020.