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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
+5.59%
1 Year Est. Return
+25.75%
3 Year Est. Return
+38.34%
5 Year Est. Return
+79.2%
10 Year Est. Return
–
AUM
$152M
AUM Growth
+$2.54M
Cap. Flow
-$4.71M
Cap. Flow %
-3.09%
Top 10 Hldgs %
63.43%
Holding
131
New
93
Increased
1
Reduced
25
Closed
5

Top Buys

Rank Stock Value
1
SFNC icon
Simmons First National
SFNC
+$5.16M
2
EQBK icon
Equity Bancshares
EQBK
+$4.11M
3
IWM icon
iShares Russell 2000 ETF
IWM
+$1.94M
4
GBIL icon
Goldman Sachs Access Treasury 0-1 Year ETF
GBIL
+$1.45M
5
BA icon
Boeing
BA
+$1.01M

Top Sells

Rank Stock Value
1
CAH icon
Cardinal Health
CAH
+$3.97M
2
IAU icon
iShares Gold Trust
IAU
+$3.33M
3
EFA icon
iShares MSCI EAFE ETF
EFA
+$3.26M
4
CVS icon
CVS Health
CVS
+$2.83M
5
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$2.56M

Sector Composition

Rank Sector Weight
1 Financials 13.08%
2 Technology 10.28%
3 Industrials 6.25%
4 Consumer Discretionary 5.09%
5 Energy 3.95%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TECK icon
126
Teck Resources
TECK
$29.6B
$0 ﹤0.01%
+19
New +$433
VEA icon
127
Vanguard FTSE Developed Markets ETF
VEA
$229B
– –
-11,530
Closed -$501K
CNR
128
Core Natural Resources Inc
CNR
$4.02B
$0 ﹤0.01%
+8
New +$233
GSB
129
DELISTED
GlobalSCAPE, Inc.
GSB
$0 ﹤0.01%
+5
New +$19
OKSB
130
DELISTED
Southwest Bancorp Inc/OK
OKSB
– –
-8,410
Closed -$232K
GCVRZ
131
DELISTED
Sanofi Contingent Value Rights
GCVRZ
$0 ﹤0.01%
+200
New +$76
2 3 4 5
6

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Covenant Multifamily Offices's Q4 2017 Portfolio in Review

As of Q4 2017, Covenant Multifamily Offices held 131 positions worth $152M, up 1.7% from $150M the previous quarter. Its ten largest holdings account for 63% of the portfolio.

Covenant Multifamily Offices withdrew a net $4.71M in Q4 2017, closing 5 positions and reducing 25 holdings. Its most notable exit was Cardinal Health, an estimated $3.97M position sold in full.

By sector, the portfolio is most concentrated in Financials at 13% of assets, up from 6.8% a quarter earlier, followed by Technology and Industrials.

Against the trend, Covenant Multifamily Offices opened a new position in Simmons First National worth $5.13M.

  • Covenant Multifamily Offices's largest Q4 2017 buy was Simmons First National: 179,596 shares worth $5.13M.
  • Covenant Multifamily Offices added most to iShares MSCI Japan ETF in Q4 2017, an estimated $34.8K increase.
  • Covenant Multifamily Offices's biggest Q4 2017 reduction was iShares Gold Trust, cutting an estimated $3.33M.
  • Covenant Multifamily Offices fully exited Cardinal Health in Q4 2017, selling an estimated $3.97M.
  • Covenant Multifamily Offices's ten largest holdings make up 63% of its $152M portfolio in Q4 2017.
  • Covenant Multifamily Offices opened 93 new positions and closed 5 in Q4 2017.
  • Covenant Multifamily Offices's portfolio value rose 1.7% quarter-over-quarter to $152M.

Based on Covenant Multifamily Offices's 13F filing for Q4 2017, filed 8 Feb 2018.