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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
BABA icon
101
Alibaba
BABA
$308B
$236K 0.06%
+1,211
New +$253K
VV icon
102
Vanguard Morningstar Large-Cap ETF
VV
$54.1B
$236K 0.06%
+1,991
New +$280K
ACN icon
103
Accenture
ACN
$104B
$231K 0.06%
1,417
-19,038
-93% -$3.67M
UA icon
104
Under Armour Class C
UA
$2.82B
$220K 0.06%
27,326
+9,165
+50% +$131K
IBND icon
105
State Street SPDR Bloomberg International Corporate Bond ETF
IBND
$462M
$206K 0.05%
6,614
-9,945
-60% -$328K
ADNT icon
106
Adient
ADNT
$1.61B
$195K 0.05%
21,445
+9,474
+79% +$191K
OXY icon
107
Occidental Petroleum
OXY
$53.5B
$164K 0.04%
14,125
-8,446
-37% -$277K
GPMT
108
Granite Point Mortgage Trust
GPMT
$71.9M
$129K 0.03%
25,500
-27,020
-51% -$409K
GPRO icon
109
GoPro
GPRO
$125M
$129K 0.03%
49,071
+16,167
+49% +$60.1K
NS
110
DELISTED
NuStar Energy L.P.
NS
$91K 0.02%
10,555
+1,213
+13% +$26.4K
ENG
111
DELISTED
ENGlobal Corp
ENG
$17K ﹤0.01%
+2,806
New +$20.4K
JILL icon
112
J. Jill
JILL
$287M
$12K ﹤0.01%
4,396
+1,613
+58% +$7.93K
ABT icon
113
Abbott
ABT
$183B
– –
-391
Closed -$34K
ADP icon
114
Automatic Data Processing
ADP
$107B
– –
-12,664
Closed -$2.16M
AIG icon
115
American International
AIG
$42.5B
– –
-9,815
Closed -$504K
APA icon
116
APA Corp
APA
$12.3B
– –
-59,555
Closed -$1.52M
APD icon
117
Air Products & Chemicals
APD
$65.7B
– –
-2,278
Closed -$535K
AXP icon
118
American Express
AXP
$236B
– –
-674
Closed -$84K
BBY icon
119
Best Buy
BBY
$17.8B
– –
-24,874
Closed -$2.18M
BF.B icon
120
Brown-Forman Class B
BF.B
$13B
– –
-3,141
Closed -$212K
BRK.B icon
121
Berkshire Hathaway Class B
BRK.B
$1.12T
– –
-952
Closed -$216K
C icon
122
Citigroup
C
$231B
– –
-888
Closed -$71K
CAT icon
123
Caterpillar
CAT
$401B
– –
-5,641
Closed -$833K
CB icon
124
Chubb
CB
$136B
– –
-1,367
Closed -$213K
COF icon
125
Capital One
COF
$136B
– –
-12,581
Closed -$1.29M
3 4
5
6 7

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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.