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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
WERN icon
101
Werner Enterprises
WERN
$2.24B
$393K 0.08%
+9,034
New +$372K
CTAS icon
102
Cintas
CTAS
$81.9B
$392K 0.08%
+5,892
New +$341K
CWI icon
103
State Street SPDR MSCI ACWI ex-US ETF
CWI
$2.78B
$391K 0.08%
17,247
-251
-1% -$5.37K
SYY icon
104
Sysco
SYY
$40.8B
$391K 0.08%
+7,159
New +$376K
VOO icon
105
Vanguard S&P 500 ETF
VOO
$979B
$391K 0.08%
1,378
– –
IP icon
106
International Paper
IP
$21.6B
$385K 0.08%
+11,551
New +$368K
PFE icon
107
Pfizer
PFE
$143B
$377K 0.07%
12,162
-23,237
-66% -$789K
VEA icon
108
Vanguard FTSE Developed Markets ETF
VEA
$229B
$373K 0.07%
9,620
-1,513
-14% -$55.2K
VWO icon
109
Vanguard FTSE Emerging Markets ETF
VWO
$121B
$363K 0.07%
9,172
– –
WSO icon
110
Watsco Inc
WSO
$12.7B
$359K 0.07%
+2,020
New +$334K
ADNT icon
111
Adient
ADNT
$1.65B
$352K 0.07%
21,445
– –
ETN icon
112
Eaton
ETN
$161B
$345K 0.07%
3,946
+500
+15% +$41.2K
GSK icon
113
GSK
GSK
$104B
$345K 0.07%
+6,774
New +$348K
XLK icon
114
State Street Technology Select Sector SPDR ETF
XLK
$115B
$342K 0.07%
+6,542
New +$308K
PHM icon
115
Pultegroup
PHM
$24.1B
$336K 0.07%
+9,884
New +$297K
UBS icon
116
UBS Group
UBS
$173B
$335K 0.07%
+29,033
New +$299K
BKI
117
DELISTED
Black Knight, Inc. Common Stock
BKI
$334K 0.07%
+4,609
New +$327K
JNJ icon
118
Johnson & Johnson
JNJ
$618B
$325K 0.06%
+2,314
New +$337K
ACN icon
119
Accenture
ACN
$102B
$320K 0.06%
1,492
+75
+5% +$14.2K
VO icon
120
Vanguard Morningstar Mid-Cap ETF
VO
$106B
$309K 0.06%
7,548
-11,928
-61% -$457K
JEF icon
121
Jefferies Financial Group
JEF
$12.6B
$301K 0.06%
+20,261
New +$271K
PRAH
122
DELISTED
PRA Health Sciences, Inc.
PRAH
$301K 0.06%
+3,092
New +$288K
BP icon
123
BP
BP
$116B
$299K 0.06%
12,806
+298
+2% +$7.15K
IVE icon
124
iShares S&P 500 Value ETF
IVE
$49B
$288K 0.06%
2,664
– –
VV icon
125
Vanguard Morningstar Large-Cap ETF
VV
$52.4B
$285K 0.06%
1,991
– –
3 4
5
6 7

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OHM
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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.