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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
+6.22%
1 Year Est. Return
+25.75%
3 Year Est. Return
+38.34%
5 Year Est. Return
+79.2%
10 Year Est. Return
–
AUM
$586M
AUM Growth
+$120M
Cap. Flow
+$213M
Cap. Flow %
36.4%
Top 10 Hldgs %
58.34%
Holding
192
New
52
Increased
102
Reduced
32
Closed
4

Top Buys

Rank Stock Value
1
DVA icon
DaVita
DVA
+$24.1M
2
FDX icon
FedEx
FDX
+$20.4M
3
RTN
Raytheon Company
RTN
+$16.3M
4
SO icon
Southern Company
SO
+$10.5M
5
MMM icon
3M
MMM
+$9.57M

Top Sells

Rank Stock Value
1
FNDX icon
Schwab Fundamental US Large Company Index ETF
FNDX
+$1.96M
2
MSFT icon
Microsoft
MSFT
+$1.39M
3
GDXJ icon
VanEck Junior Gold Miners ETF
GDXJ
+$991K
4
GLW icon
Corning
GLW
+$812K
5
IAU icon
iShares Gold Trust
IAU
+$463K

Sector Composition

Rank Sector Weight
1 Communication Services 18.14%
2 Healthcare 4.54%
3 Consumer Discretionary 3.75%
4 Technology 3.37%
5 Industrials 3.31%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IJH icon
126
iShares Core S&P Mid-Cap ETF
IJH
$122B
$545K 0.09%
13,250
+340
+3% +$13.5K
MBB icon
127
iShares MBS ETF
MBB
$38.9B
$538K 0.09%
+8,549
New +$924K
ETN icon
128
Eaton
ETN
$161B
$537K 0.09%
4,446
+1,006
+29% +$89.3K
APD icon
129
Air Products & Chemicals
APD
$65.7B
$535K 0.09%
2,278
+15
+0.7% +$3.38K
NAT icon
130
Nordic American Tanker
NAT
$1.38B
$531K 0.09%
+108,000
New +$412K
VBR icon
131
Vanguard Morningstar Small-Cap Value ETF
VBR
$37.1B
$522K 0.09%
+6,649
New +$881K
MRK icon
132
Merck
MRK
$322B
$515K 0.09%
6,038
+504
+9% +$41.4K
EL icon
133
Estee Lauder
EL
$30.4B
$511K 0.09%
2,475
+71
+3% +$13.8K
AIG icon
134
American International
AIG
$41.7B
$504K 0.09%
9,815
+209
+2% +$11.1K
HD icon
135
Home Depot
HD
$331B
$493K 0.08%
+2,258
New +$511K
CWI icon
136
State Street SPDR MSCI ACWI ex-US ETF
CWI
$2.78B
$461K 0.08%
17,903
-29
-0.2% -$725
AMZN icon
137
Amazon
AMZN
$2.92T
$447K 0.08%
4,840
-260
-5% -$23K
VOE icon
138
Vanguard Morningstar Mid-Cap Value ETF
VOE
$23.7B
$446K 0.08%
7,573
+795
+12% +$91.6K
FNDE icon
139
Schwab Fundamental Emerging Markets Large Company Index ETF
FNDE
$9.72B
$445K 0.08%
14,898
-2,283
-13% -$65.7K
TMUS icon
140
T-Mobile US
TMUS
$185B
$421K 0.07%
5,444
+405
+8% +$31.9K
VOO icon
141
Vanguard S&P 500 ETF
VOO
$979B
$417K 0.07%
1,448
+70
+5% +$19.8K
IVE icon
142
iShares S&P 500 Value ETF
IVE
$49B
$409K 0.07%
3,204
+128
+4% +$15.9K
ADNT icon
143
Adient
ADNT
$1.65B
$361K 0.06%
11,971
+1,477
+14% +$32.8K
IJS icon
144
iShares S&P Small-Cap 600 Value ETF
IJS
$8.12B
$358K 0.06%
5,910
+2,382
+68% +$185K
IJT icon
145
iShares S&P Small-Cap 600 Growth ETF
IJT
$8.26B
$357K 0.06%
4,212
+1,272
+43% +$117K
UNP icon
146
Union Pacific
UNP
$174B
$354K 0.06%
+18,194
New +$3.11M
VER
147
DELISTED
VEREIT, Inc.
VER
$350K 0.06%
7,561
+4
+0.1% +$192
UA icon
148
Under Armour Class C
UA
$2.77B
$348K 0.06%
18,161
+7
+0% +$123
PRAH
149
DELISTED
PRA Health Sciences, Inc.
PRAH
$313K 0.05%
3,152
+627
+25% +$64.5K
VTI icon
150
Vanguard Morningstar Total Stock Market ETF
VTI
$660B
$303K 0.05%
+21,634
New +$3.39M
4 5
6
7 8

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Covenant Multifamily Offices's Q4 2019 Portfolio in Review

As of Q4 2019, Covenant Multifamily Offices held 192 positions worth $586M, up 26% from $465M the previous quarter. Its ten largest holdings account for 58% of the portfolio.

Covenant Multifamily Offices deployed $213M of net new capital in Q4 2019, opening 52 new positions and adding to 102 existing holdings. Its largest new stake was DaVita: 363,795 shares worth $2.68M.

By sector, the portfolio is most concentrated in Communication Services at 18% of assets, down from 21% a quarter earlier, followed by Healthcare and Consumer Discretionary.

On the sell side, the largest reduction was Microsoft, an estimated $1.39M trimmed.

  • Covenant Multifamily Offices's largest Q4 2019 buy was DaVita: 363,795 shares worth $2.68M.
  • Covenant Multifamily Offices added most to Raytheon Company in Q4 2019, an estimated $16.3M increase.
  • Covenant Multifamily Offices's biggest Q4 2019 reduction was Microsoft, cutting an estimated $1.39M.
  • Covenant Multifamily Offices fully exited Schwab Fundamental US Large Company Index ETF in Q4 2019, selling an estimated $1.96M.
  • Covenant Multifamily Offices's ten largest holdings make up 58% of its $586M portfolio in Q4 2019.
  • Covenant Multifamily Offices opened 52 new positions and closed 4 in Q4 2019.
  • Covenant Multifamily Offices's portfolio value rose 26% quarter-over-quarter to $586M.

Based on Covenant Multifamily Offices's 13F filing for Q4 2019, filed 31 Jan 2020.