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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
+3.7%
1 Year Est. Return
+25.75%
3 Year Est. Return
+38.34%
5 Year Est. Return
+79.2%
10 Year Est. Return
–
AUM
$456M
AUM Growth
+$147M
Cap. Flow
+$133M
Cap. Flow %
29.25%
Top 10 Hldgs %
68.3%
Holding
290
New
67
Increased
56
Reduced
11
Closed
148

Top Buys

Rank Stock Value
1
T icon
AT&T
T
+$77.1M
2
VIG icon
Vanguard Dividend Appreciation ETF
VIG
+$5.99M
3
FNDB icon
Schwab Fundamental US Broad Market Index ETF
FNDB
+$4.73M
4
SCHF icon
Schwab International Equity ETF
SCHF
+$4.68M
5
DJP icon
iPath Bloomberg Commodity Index Total Return ETN due 12 June 2036
DJP
+$3.89M

Top Sells

Rank Stock Value
1
VHT icon
Vanguard Health Care ETF
VHT
+$12.4M
2
VEA icon
Vanguard FTSE Developed Markets ETF
VEA
+$10M
3
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$7.32M
4
IWP icon
iShares Russell Mid-Cap Growth ETF
IWP
+$3.67M
5
QCOM icon
Qualcomm
QCOM
+$1.21M

Sector Composition

Rank Sector Weight
1 Communication Services 19.63%
2 Energy 3.83%
3 Consumer Discretionary 3.15%
4 Technology 3.08%
5 Healthcare 3.04%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VTV icon
126
Vanguard Morningstar Value ETF
VTV
$188B
$273K 0.06%
3,023
-633
-17% -$69.1K
IFLN
127
Invesco Bloomberg Enhanced Fallen Angels ETF
IFLN
$308M
$259K 0.06%
+13,651
New +$256K
CONE
128
DELISTED
CyrusOne Inc Common Stock
CONE
$257K 0.06%
+4,456
New +$261K
ADNT icon
129
Adient
ADNT
$1.65B
$255K 0.06%
10,494
+10,469
+41,876% +$215K
NS
130
DELISTED
NuStar Energy L.P.
NS
$251K 0.06%
9,242
+2,083
+29% +$56.6K
AMGN icon
131
Amgen
AMGN
$208B
$248K 0.05%
+1,347
New +$241K
NGL icon
132
NGL Energy Partners
NGL
$2.05B
$228K 0.05%
15,430
– –
IPG
133
DELISTED
Interpublic Group of Companies
IPG
$225K 0.05%
+9,969
New +$221K
PRAH
134
DELISTED
PRA Health Sciences, Inc.
PRAH
$222K 0.05%
+2,241
New +$214K
VUG icon
135
Vanguard Morningstar Growth ETF
VUG
$220B
$212K 0.05%
7,776
-6,810
-47% -$182K
INGR icon
136
Ingredion
INGR
$6.27B
$204K 0.04%
+2,467
New +$212K
VYX icon
137
NCR Voyix
VYX
$1.14B
$203K 0.04%
+10,642
New +$198K
RCL icon
138
Royal Caribbean
RCL
$85.1B
$202K 0.04%
1,668
+1,614
+2,989% +$197K
CHK
139
DELISTED
Chesapeake Energy Corporation
CHK
$25K 0.01%
65
+5
+8% +$2.5K
DNR
140
DELISTED
Denbury Resources, Inc.
DNR
$21K ﹤0.01%
+16,669
New +$30.3K
ENG
141
DELISTED
ENGlobal Corp
ENG
$20K ﹤0.01%
+2,806
New +$17K
OPGN
142
DELISTED
OpGen, Inc
OPGN
$14K ﹤0.01%
9
– –
ADM icon
143
Archer Daniels Midland
ADM
$38.2B
– –
-300
Closed -$13K
AEG icon
144
Aegon
AEG
$14B
– –
-7,907
Closed -$32K
AMAT icon
145
Applied Materials
AMAT
$403B
– –
-520
Closed -$21K
AMD icon
146
Advanced Micro Devices
AMD
$776B
– –
-1,500
Closed -$38K
AMX icon
147
America Movil
AMX
$76.1B
– –
-1,340
Closed -$19K
ARCC icon
148
Ares Capital
ARCC
$13.5B
– –
-97
Closed -$2K
BCS icon
149
Barclays
BCS
$92.7B
– –
-4,130
Closed -$32K
BEP icon
150
Brookfield Renewable
BEP
$9.97B
– –
-798
Closed -$14K
4 5
6
7 8

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Covenant Multifamily Offices's Q2 2019 Portfolio in Review

As of Q2 2019, Covenant Multifamily Offices held 290 positions worth $456M, up 48% from $309M the previous quarter. Its ten largest holdings account for 68% of the portfolio.

Covenant Multifamily Offices deployed $133M of net new capital in Q2 2019, opening 67 new positions and adding to 56 existing holdings. Its largest new stake was AT&T: 3,214,734 shares worth $81.4M.

By sector, the portfolio is most concentrated in Communication Services at 20% of assets, up from 1.4% a quarter earlier, followed by Energy and Consumer Discretionary.

On the sell side, the largest reduction was Vanguard FTSE Developed Markets ETF, an estimated $10M trimmed.

  • Covenant Multifamily Offices's largest Q2 2019 buy was AT&T: 3,214,734 shares worth $81.4M.
  • Covenant Multifamily Offices added most to Vanguard Dividend Appreciation ETF in Q2 2019, an estimated $5.99M increase.
  • Covenant Multifamily Offices's biggest Q2 2019 reduction was Vanguard FTSE Developed Markets ETF, cutting an estimated $10M.
  • Covenant Multifamily Offices fully exited Vanguard Health Care ETF in Q2 2019, selling an estimated $12.4M.
  • Covenant Multifamily Offices's ten largest holdings make up 68% of its $456M portfolio in Q2 2019.
  • Covenant Multifamily Offices opened 67 new positions and closed 148 in Q2 2019.
  • Covenant Multifamily Offices's portfolio value rose 48% quarter-over-quarter to $456M.

Based on Covenant Multifamily Offices's 13F filing for Q2 2019, filed 31 Jul 2019.