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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
(-13%)
Cap. Flow
-$102M
Cap. Flow
% of AUM
-20.94%
Top 10 Holdings %
Top 10 Hldgs %
59.2%
Holding
193
New
56
Increased
54
Reduced
56
Closed
10
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Texas Instruments
TXN
|
+$35.3M |
| 2 |
AT&T
T
|
+$14.4M |
| 3 |
Schwab Fundamental US Large Company Index ETF
FNDX
|
+$8.45M |
| 4 |
State Street Financial Select Sector SPDR ETF
XLF
|
+$5.75M |
| 5 |
Goldman Sachs ActiveBeta Emerging Markets Equity ETF
GEM
|
+$4.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$51.7M |
| 2 |
Vanguard Dividend Appreciation ETF
VIG
|
+$37.3M |
| 3 |
iShares MSCI USA Quality Factor ETF
QUAL
|
+$29.4M |
| 4 |
iShares Expanded Tech-Software Sector ETF
IGV
|
+$26.1M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
101
General Dynamics
GD
$104B
| $545K | 0.11% |
3,000
| – | – |
|
102
Delta Air Lines
DAL
$61B
| $543K | 0.11% |
11,254
-8,899
| -44% | -$394K |
|
103
Pfizer
PFE
$145B
| $542K | 0.11% |
14,952
+4,594
| +44% | +$163K |
|
104
Energy Transfer Partners
ET
$69.9B
| $509K | 0.1% |
+66,323
| New | +$484K |
|
|
PARA
105
DELISTED
Paramount Global Class B
PARA
| $505K | 0.1% |
+11,198
| New | +$684K |
|
106
Schwab US Mid-Cap ETF
SCHM
$15.1B
| $504K | 0.1% |
20,307
-1,257
| -6% | -$30.5K |
|
|
DFS
107
DELISTED
Discover Financial Services
DFS
| $502K | 0.1% |
+5,283
| New | +$498K |
|
108
Johnson & Johnson
JNJ
$614B
| $500K | 0.1% |
3,041
+458
| +18% | +$74.1K |
|
109
Invesco DB Commodity Index Tracking Fund
DBC
$1.63B
| $499K | 0.1% |
+30,071
| New | +$487K |
|
|
TWTR
110
DELISTED
Twitter, Inc.
TWTR
| $487K | 0.1% |
+7,656
| New | +$468K |
|
|
JWN
111
DELISTED
Nordstrom
JWN
| $477K | 0.1% |
12,600
-100
| -0.8% | -$3.7K |
|
112
State Street Technology Select Sector SPDR ETF
XLK
$123B
| $474K | 0.1% |
7,144
+526
| +8% | +$34.7K |
|
113
Cintas
CTAS
$81.5B
| $466K | 0.1% |
5,456
+588
| +12% | +$49.8K |
|
114
Walmart Inc
WMT
$888B
| $453K | 0.09% |
10,008
+1,224
| +14% | +$56.7K |
|
|
CMA
115
DELISTED
Comerica
CMA
| $447K | 0.09% |
6,232
| – | – |
|
116
iShares S&P 500 Value ETF
IVE
$49.8B
| $446K | 0.09% |
+3,160
| New | +$425K |
|
117
T. Rowe Price
TROW
$24.7B
| $444K | 0.09% |
+2,589
| New | +$425K |
|
118
iShares MSCI ACWI ETF
ACWI
$33.4B
| $443K | 0.09% |
+4,657
| New | +$438K |
|
119
Meta Platforms (Facebook)
META
$1.5T
| $443K | 0.09% |
1,503
+372
| +33% | +$100K |
|
120
Cummins
CMI
$87.8B
| $435K | 0.09% |
+1,678
| New | +$419K |
|
121
Emerson Electric
EMR
$88.9B
| $433K | 0.09% |
+4,796
| New | +$413K |
|
122
Wells Fargo
WFC
$267B
| $429K | 0.09% |
+10,991
| New | +$389K |
|
123
BP
BP
$109B
| $427K | 0.09% |
17,546
-300
| -2% | -$7.22K |
|
124
Brookfield
BN
$109B
| $421K | 0.09% |
+17,674
| New | +$394K |
|
125
Cullen/Frost Bankers
CFR
$10.5B
| $413K | 0.08% |
+3,800
| New | +$392K |
|
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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.