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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
EWW icon
101
iShares MSCI Mexico ETF
EWW
$1.92B
$901K 0.15%
20,002
+549
+3% +$24.4K
BAC icon
102
Bank of America
BAC
$435B
$900K 0.15%
25,551
+4,000
+19% +$129K
GSLC icon
103
Goldman Sachs ActiveBeta US Large Cap Equity ETF
GSLC
$15.1B
$890K 0.15%
13,761
-2,220
-14% -$138K
IGIB icon
104
iShares 5-10 Year Investment Grade Corporate Bond ETF
IGIB
$18.5B
$886K 0.15%
15,147
+426
+3% +$24.7K
VWO icon
105
Vanguard FTSE Emerging Markets ETF
VWO
$121B
$877K 0.15%
29,172
+9,730
+50% +$412K
MUB icon
106
iShares National Muni Bond ETF
MUB
$45.1B
$873K 0.15%
7,852
+230
+3% +$26.2K
FNDA icon
107
Schwab Fundamental US Small Company Index ETF
FNDA
$9.12B
$870K 0.15%
43,234
+1,284
+3% +$25K
BP icon
108
BP
BP
$116B
$835K 0.14%
22,134
+8,396
+61% +$319K
CAT icon
109
Caterpillar
CAT
$375B
$833K 0.14%
5,641
+151
+3% +$21.1K
COST icon
110
Costco
COST
$422B
$829K 0.14%
4,380
+1,852
+73% +$550K
USCI icon
111
US Commodity Index
USCI
$369M
$822K 0.14%
22,264
+8,222
+59% +$297K
TTE icon
112
TotalEnergies
TTE
$195B
$777K 0.13%
+15,308
New +$809K
ADBE icon
113
Adobe
ADBE
$99.5B
$760K 0.13%
2,162
-410
-16% -$121K
DBEF icon
114
Xtrackers MSCI EAFE Hedged Equity ETF
DBEF
$9.17B
$753K 0.13%
22,279
+7,920
+55% +$263K
TFI icon
115
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
$3.05B
$748K 0.13%
14,792
-205
-1% -$10.4K
CVX icon
116
Chevron
CVX
$392B
$734K 0.13%
6,094
+1,300
+27% +$153K
DISH
117
DELISTED
DISH Network Corp.
DISH
$734K 0.13%
20,690
-1,035
-5% -$35.8K
IP icon
118
International Paper
IP
$21.6B
$699K 0.12%
16,021
-563
-3% -$23.6K
AGG icon
119
iShares Core US Aggregate Bond ETF
AGG
$137B
$698K 0.12%
6,550
+2,130
+48% +$240K
PEP icon
120
PepsiCo
PEP
$190B
$680K 0.12%
+8,403
New +$1.14M
GSIE icon
121
Goldman Sachs ActiveBeta International Equity ETF
GSIE
$6B
$668K 0.11%
22,079
-3,720
-14% -$109K
SCZ icon
122
iShares MSCI EAFE Small-Cap ETF
SCZ
$13.4B
$634K 0.11%
7,327
+3,440
+89% +$207K
LMT icon
123
Lockheed Martin
LMT
$134B
$599K 0.1%
+3,554
New +$1.36M
EFA icon
124
iShares MSCI EAFE ETF
EFA
$78B
$574K 0.1%
+3,059
New +$207K
IBND icon
125
State Street SPDR Bloomberg International Corporate Bond ETF
IBND
$460M
$566K 0.1%
16,559
-158
-0.9% -$5.32K
3 4
5
6 7

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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.