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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
-1.15%
1 Year Est. Return
+25.75%
3 Year Est. Return
+38.34%
5 Year Est. Return
+79.2%
10 Year Est. Return
–
AUM
$167M
AUM Growth
+$14.5M
Cap. Flow
+$17.3M
Cap. Flow %
10.39%
Top 10 Hldgs %
63.69%
Holding
146
New
20
Increased
12
Reduced
12
Closed
95

Top Buys

Rank Stock Value
1
QUAL icon
iShares MSCI USA Quality Factor ETF
QUAL
+$21.9M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$20.1M
3
CAH icon
Cardinal Health
CAH
+$3.85M
4
HPQ icon
HP
HPQ
+$3.82M
5
KLAC icon
KLA
KLAC
+$3.81M

Top Sells

Rank Stock Value
1
EFA icon
iShares MSCI EAFE ETF
EFA
+$22.3M
2
VLO icon
Valero Energy
VLO
+$5.18M
3
SFNC icon
Simmons First National
SFNC
+$5.13M
4
CSCO icon
Cisco
CSCO
+$4.37M
5
EQBK icon
Equity Bancshares
EQBK
+$4.19M

Sector Composition

Rank Sector Weight
1 Technology 10.64%
2 Healthcare 5.91%
3 Industrials 5.78%
4 Consumer Discretionary 4.98%
5 Energy 4.67%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VZ icon
126
Verizon
VZ
$195B
– –
-30,350
Closed -$1.61M
WEC icon
127
WEC Energy
WEC
$35.7B
– –
-792
Closed -$53K
WM icon
128
Waste Management
WM
$90.6B
– –
-801
Closed -$69K
WMT icon
129
Walmart Inc
WMT
$885B
– –
-600
Closed -$20K
WPP icon
130
WPP
WPP
$4.36B
– –
-479
Closed -$43K
CNR
131
Core Natural Resources Inc
CNR
$4.02B
– –
-8
Closed –
ORAN
132
DELISTED
Orange
ORAN
– –
-2,933
Closed -$51K
MODN
133
DELISTED
MODEL N, INC.
MODN
– –
-3,000
Closed -$47K
CS
134
DELISTED
Credit Suisse Group
CS
– –
-3,436
Closed -$61K
SWIR
135
DELISTED
Sierra Wireless
SWIR
– –
-100
Closed -$2K
LUB
136
DELISTED
Luby's Inc.
LUB
– –
-2,344
Closed -$6K
PFPT
137
DELISTED
Proofpoint, Inc.
PFPT
– –
-300
Closed -$27K
OSB
138
DELISTED
Norbord Inc.
OSB
– –
-51
Closed -$2K
GSB
139
DELISTED
GlobalSCAPE, Inc.
GSB
– –
-5
Closed –
KTWO
140
DELISTED
K2M Group Holdings, Inc
KTWO
– –
-774
Closed -$14K
NSH
141
DELISTED
NuStar GP Holdings LLC
NSH
– –
-8,328
Closed -$131K
POT
142
DELISTED
Potash Corp Of Saskatchewan
POT
– –
-300
Closed -$6K
CHL
143
DELISTED
China Mobile Limited
CHL
– –
-743
Closed -$38K
TI
144
DELISTED
Telecom Italia
TI
– –
-5,810
Closed -$50K
CIT
145
DELISTED
CIT Group Inc.
CIT
– –
-60
Closed -$3K
GCVRZ
146
DELISTED
Sanofi Contingent Value Rights
GCVRZ
– –
-200
Closed –
2 3 4 5
6

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Covenant Multifamily Offices's Q1 2018 Portfolio in Review

As of Q1 2018, Covenant Multifamily Offices held 146 positions worth $167M, up 9.5% from $152M the previous quarter. Its ten largest holdings account for 64% of the portfolio.

Covenant Multifamily Offices deployed $17.3M of net new capital in Q1 2018, opening 20 new positions and adding to 12 existing holdings. Its largest new stake was iShares MSCI USA Quality Factor ETF: 258,332 shares worth $21.4M.

By sector, the portfolio is most concentrated in Technology at 11% of assets, up from 10% a quarter earlier, followed by Healthcare and Industrials.

On the sell side, the largest reduction was iShares MSCI EAFE ETF, an estimated $22.3M trimmed.

  • Covenant Multifamily Offices's largest Q1 2018 buy was iShares MSCI USA Quality Factor ETF: 258,332 shares worth $21.4M.
  • Covenant Multifamily Offices added most to State Street SPDR S&P 500 ETF Trust in Q1 2018, an estimated $20.1M increase.
  • Covenant Multifamily Offices's biggest Q1 2018 reduction was iShares MSCI EAFE ETF, cutting an estimated $22.3M.
  • Covenant Multifamily Offices fully exited Simmons First National in Q1 2018, selling an estimated $5.13M.
  • Covenant Multifamily Offices's ten largest holdings make up 64% of its $167M portfolio in Q1 2018.
  • Covenant Multifamily Offices opened 20 new positions and closed 95 in Q1 2018.
  • Covenant Multifamily Offices's portfolio value rose 9.5% quarter-over-quarter to $167M.

Based on Covenant Multifamily Offices's 13F filing for Q1 2018, filed 23 Apr 2018.