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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
+6.19%
1 Year Est. Return
+25.75%
3 Year Est. Return
+38.34%
5 Year Est. Return
+79.2%
10 Year Est. Return
–
AUM
$509M
AUM Growth
+$1.62M
Cap. Flow
-$26.3M
Cap. Flow %
-5.17%
Top 10 Hldgs %
73.58%
Holding
162
New
6
Increased
29
Reduced
76
Closed
32

Top Buys

Rank Stock Value
1
VEA icon
Vanguard FTSE Developed Markets ETF
VEA
+$4.06M
2
IGV icon
iShares Expanded Tech-Software Sector ETF
IGV
+$1.83M
3
VIG icon
Vanguard Dividend Appreciation ETF
VIG
+$1.39M
4
XLF icon
State Street Financial Select Sector SPDR ETF
XLF
+$1.31M
5
QUAL icon
iShares MSCI USA Quality Factor ETF
QUAL
+$955K

Top Sells

Rank Stock Value
1
EEM icon
iShares MSCI Emerging Markets ETF
EEM
+$7.02M
2
VTV icon
Vanguard Morningstar Value ETF
VTV
+$4.23M
3
AVGO icon
Broadcom
AVGO
+$1.94M
4
XLU icon
State Street Utilities Select Sector SPDR ETF
XLU
+$1.33M
5
T icon
AT&T
T
+$1.07M

Sector Composition

Rank Sector Weight
1 Communication Services 14.16%
2 Technology 4.2%
3 Healthcare 2.43%
4 Consumer Discretionary 2.37%
5 Financials 2.34%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MRK icon
101
Merck
MRK
$319B
$272K 0.05%
3,443
-6,006
-64% -$470K
SCHP icon
102
Schwab US TIPS ETF
SCHP
$16.3B
$270K 0.05%
8,748
-128
-1% -$3.92K
EEM icon
103
iShares MSCI Emerging Markets ETF
EEM
$29.6B
$253K 0.05%
5,732
-160,017
-97% -$7.02M
VOE icon
104
Vanguard Morningstar Mid-Cap Value ETF
VOE
$24B
$251K 0.05%
2,477
– –
VWO icon
105
Vanguard FTSE Emerging Markets ETF
VWO
$123B
$243K 0.05%
5,617
-3,555
-39% -$155K
SCHZ icon
106
Schwab US Aggregate Bond ETF
SCHZ
$10.5B
$241K 0.05%
8,604
-400
-4% -$11.3K
AMGN icon
107
Amgen
AMGN
$219B
$240K 0.05%
944
-873
-48% -$216K
CMA
108
DELISTED
Comerica
CMA
$238K 0.05%
6,232
– –
V icon
109
Visa
V
$687B
$233K 0.05%
1,163
-88
-7% -$17.6K
META icon
110
Meta Platforms (Facebook)
META
$1.49T
$231K 0.05%
883
-200
-18% -$51.6K
TFI icon
111
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
$3.13B
$231K 0.05%
+4,443
New +$232K
PRAH
112
DELISTED
PRA Health Sciences, Inc.
PRAH
$222K 0.04%
2,186
-906
-29% -$92.4K
KR icon
113
Kroger
KR
$34.8B
$221K 0.04%
6,518
-6,605
-50% -$228K
LRCX icon
114
Lam Research
LRCX
$392B
$219K 0.04%
6,610
-7,010
-51% -$241K
SHM icon
115
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
$3.47B
$217K 0.04%
4,350
-250
-5% -$12.5K
PAYX icon
116
Paychex
PAYX
$41.6B
$215K 0.04%
2,693
– –
PDEC icon
117
Innovator US Equity Power Buffer ETF December
PDEC
$996M
$210K 0.04%
7,580
– –
APA icon
118
APA Corp
APA
$12.4B
$207K 0.04%
21,900
-37,355
-63% -$512K
GE icon
119
GE Aerospace
GE
$395B
$207K 0.04%
6,658
-406
-6% -$13.2K
FRDM icon
120
Freedom 100 Emerging Markets ETF
FRDM
$3.39B
$200K 0.04%
+7,940
New +$203K
GPRO icon
121
GoPro
GPRO
$124M
$200K 0.04%
44,071
-3,450
-7% -$16.2K
GPMT
122
Granite Point Mortgage Trust
GPMT
$71.4M
$181K 0.04%
25,500
– –
JWN
123
DELISTED
Nordstrom
JWN
$151K 0.03%
12,700
– –
OXY icon
124
Occidental Petroleum
OXY
$53.8B
$115K 0.02%
+11,532
New +$163K
DVN icon
125
Devon Energy
DVN
$49.2B
$105K 0.02%
11,110
-179
-2% -$1.89K
3 4
5
6 7

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Covenant Multifamily Offices's Q3 2020 Portfolio in Review

As of Q3 2020, Covenant Multifamily Offices held 162 positions worth $509M, up 0.32% from $507M the previous quarter. Its ten largest holdings account for 74% of the portfolio.

Covenant Multifamily Offices withdrew a net $26.3M in Q3 2020, closing 32 positions and reducing 76 holdings. Its most notable exit was Broadcom, an estimated $1.94M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 14% of assets, down from 15% a quarter earlier, followed by Technology and Healthcare.

Against the trend, Covenant Multifamily Offices opened a new position in State Street Financial Select Sector SPDR ETF worth $1.3M.

  • Covenant Multifamily Offices's largest Q3 2020 buy was State Street Financial Select Sector SPDR ETF: 54,021 shares worth $1.3M.
  • Covenant Multifamily Offices added most to Vanguard FTSE Developed Markets ETF in Q3 2020, an estimated $4.06M increase.
  • Covenant Multifamily Offices's biggest Q3 2020 reduction was iShares MSCI Emerging Markets ETF, cutting an estimated $7.02M.
  • Covenant Multifamily Offices fully exited Broadcom in Q3 2020, selling an estimated $1.94M.
  • Covenant Multifamily Offices's ten largest holdings make up 74% of its $509M portfolio in Q3 2020.
  • Covenant Multifamily Offices opened 6 new positions and closed 32 in Q3 2020.
  • Covenant Multifamily Offices's portfolio value rose 0.32% quarter-over-quarter to $509M.

Based on Covenant Multifamily Offices's 13F filing for Q3 2020, filed 10 Nov 2020.