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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
+8.2%
1 Year Est. Return
+25.75%
3 Year Est. Return
+38.34%
5 Year Est. Return
+79.2%
10 Year Est. Return
–
AUM
$489M
AUM Growth
-$70.2M
Cap. Flow
-$102M
Cap. Flow %
-20.94%
Top 10 Hldgs %
59.2%
Holding
193
New
56
Increased
54
Reduced
56
Closed
10

Top Buys

Rank Stock Value
1
TXN icon
Texas Instruments
TXN
+$35.3M
2
T icon
AT&T
T
+$14.4M
3
FNDX icon
Schwab Fundamental US Large Company Index ETF
FNDX
+$8.45M
4
XLF icon
State Street Financial Select Sector SPDR ETF
XLF
+$5.75M
5
GEM icon
Goldman Sachs ActiveBeta Emerging Markets Equity ETF
GEM
+$4.2M

Top Sells

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$51.7M
2
VIG icon
Vanguard Dividend Appreciation ETF
VIG
+$37.3M
3
QUAL icon
iShares MSCI USA Quality Factor ETF
QUAL
+$29.4M
4
IGV icon
iShares Expanded Tech-Software Sector ETF
IGV
+$26.1M
5
OEF icon
iShares S&P 100 ETF
OEF
+$21M

Sector Composition

Rank Sector Weight
1 Communication Services 18.32%
2 Technology 14.48%
3 Financials 5.03%
4 Energy 3.65%
5 Consumer Discretionary 3.59%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ACN icon
76
Accenture
ACN
$103B
$1.01M 0.21%
3,650
+2,087
+134% +$539K
IJR icon
77
iShares Core S&P Small-Cap ETF
IJR
$113B
$1M 0.21%
9,252
-1,624
-15% -$170K
BRK.B icon
78
Berkshire Hathaway Class B
BRK.B
$1.11T
$981K 0.2%
+3,839
New +$932K
FNDA icon
79
Schwab Fundamental US Small Company Index ETF
FNDA
$9.41B
$970K 0.2%
38,288
-6,268
-14% -$152K
LUV icon
80
Southwest Airlines
LUV
$23.9B
$918K 0.19%
+15,033
New +$800K
VWOB icon
81
Vanguard Emerging Markets Government Bond ETF
VWOB
$6.17B
$909K 0.19%
+11,726
New +$933K
SLB icon
82
SLB Ltd
SLB
$75.1B
$871K 0.18%
32,044
-19,288
-38% -$508K
AVGO icon
83
Broadcom
AVGO
$2T
$868K 0.18%
18,720
-8,710
-32% -$403K
ADBE icon
84
Adobe
ADBE
$102B
$846K 0.17%
1,779
+99
+6% +$46.3K
FNDE icon
85
Schwab Fundamental Emerging Markets Large Company Index ETF
FNDE
$9.82B
$774K 0.16%
25,177
+4,647
+23% +$140K
X
86
DELISTED
US Steel
X
$738K 0.15%
+28,200
New +$557K
FQAL icon
87
Fidelity Quality Factor ETF
FQAL
$1.45B
$728K 0.15%
+16,045
New +$708K
BMY icon
88
Bristol-Myers Squibb
BMY
$135B
$716K 0.15%
+11,346
New +$706K
BAC icon
89
Bank of America
BAC
$442B
$701K 0.14%
18,127
+4,887
+37% +$169K
AMGN icon
90
Amgen
AMGN
$210B
$691K 0.14%
2,779
+1,881
+209% +$449K
MO icon
91
Altria Group
MO
$113B
$684K 0.14%
+13,368
New +$599K
TMUS icon
92
T-Mobile US
TMUS
$189B
$682K 0.14%
5,447
+623
+13% +$78.5K
DISH
93
DELISTED
DISH Network Corp.
DISH
$681K 0.14%
18,820
-31
-0.2% -$1.03K
GE icon
94
GE Aerospace
GE
$392B
$650K 0.13%
9,928
+3,247
+49% +$197K
LOW icon
95
Lowe's Companies
LOW
$122B
$641K 0.13%
3,373
+409
+14% +$70.2K
QQQ icon
96
Invesco QQQ Trust
QQQ
$485B
$598K 0.12%
1,873
-449
-19% -$144K
JCI icon
97
Johnson Controls International
JCI
$92.8B
$596K 0.12%
+9,982
New +$549K
UNH icon
98
UnitedHealth
UNH
$373B
$593K 0.12%
+1,595
New +$553K
DOX icon
99
Amdocs
DOX
$5.97B
$578K 0.12%
+8,233
New +$622K
LMT icon
100
Lockheed Martin
LMT
$137B
$574K 0.12%
+1,554
New +$533K
2 3
4
5 6

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Covenant Multifamily Offices's Q1 2021 Portfolio in Review

As of Q1 2021, Covenant Multifamily Offices held 193 positions worth $489M, down 13% from $559M the previous quarter. Its ten largest holdings account for 59% of the portfolio.

Covenant Multifamily Offices withdrew a net $102M in Q1 2021, closing 10 positions and reducing 56 holdings. Its most notable exit was iShares Russell Mid-Cap Growth ETF, an estimated $17.3M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 18% of assets, up from 12% a quarter earlier, followed by Technology and Financials.

Against the trend, Covenant Multifamily Offices opened a new position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF worth $4.13M.

  • Covenant Multifamily Offices's largest Q1 2021 buy was Goldman Sachs ActiveBeta Emerging Markets Equity ETF: 104,684 shares worth $4.13M.
  • Covenant Multifamily Offices added most to Texas Instruments in Q1 2021, an estimated $35.3M increase.
  • Covenant Multifamily Offices's biggest Q1 2021 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $51.7M.
  • Covenant Multifamily Offices fully exited iShares Russell Mid-Cap Growth ETF in Q1 2021, selling an estimated $17.3M.
  • Covenant Multifamily Offices's ten largest holdings make up 59% of its $489M portfolio in Q1 2021.
  • Covenant Multifamily Offices opened 56 new positions and closed 10 in Q1 2021.
  • Covenant Multifamily Offices's portfolio value fell 13% quarter-over-quarter to $489M.

Based on Covenant Multifamily Offices's 13F filing for Q1 2021, filed 11 May 2021.