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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
+6.19%
1 Year Est. Return
+25.75%
3 Year Est. Return
+38.34%
5 Year Est. Return
+79.2%
10 Year Est. Return
–
AUM
$509M
AUM Growth
+$1.62M
Cap. Flow
-$26.3M
Cap. Flow %
-5.17%
Top 10 Hldgs %
73.58%
Holding
162
New
6
Increased
29
Reduced
76
Closed
32

Top Buys

Rank Stock Value
1
VEA icon
Vanguard FTSE Developed Markets ETF
VEA
+$4.06M
2
IGV icon
iShares Expanded Tech-Software Sector ETF
IGV
+$1.83M
3
VIG icon
Vanguard Dividend Appreciation ETF
VIG
+$1.39M
4
XLF icon
State Street Financial Select Sector SPDR ETF
XLF
+$1.31M
5
QUAL icon
iShares MSCI USA Quality Factor ETF
QUAL
+$955K

Top Sells

Rank Stock Value
1
EEM icon
iShares MSCI Emerging Markets ETF
EEM
+$7.02M
2
VTV icon
Vanguard Morningstar Value ETF
VTV
+$4.23M
3
AVGO icon
Broadcom
AVGO
+$1.94M
4
XLU icon
State Street Utilities Select Sector SPDR ETF
XLU
+$1.33M
5
T icon
AT&T
T
+$1.07M

Sector Composition

Rank Sector Weight
1 Communication Services 14.16%
2 Technology 4.2%
3 Healthcare 2.43%
4 Consumer Discretionary 2.37%
5 Financials 2.34%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ABEV icon
126
Ambev
ABEV
$46.8B
$26K 0.01%
11,650
– –
NAK
127
Northern Dynasty Minerals
NAK
$947M
$19K ﹤0.01%
18,900
+7,900
+72% +$10.9K
ENG
128
DELISTED
ENGlobal Corp
ENG
$19K ﹤0.01%
+2,806
New +$21.8K
JILL icon
129
J. Jill
JILL
$287M
$8K ﹤0.01%
2,817
– –
SNDA icon
130
Sonida Senior Living
SNDA
$1.89B
$7K ﹤0.01%
734
– –
AIG icon
131
American International
AIG
$42.5B
– –
-13,360
Closed -$417K
AVGO icon
132
Broadcom
AVGO
$1.99T
– –
-61,610
Closed -$1.94M
BABA icon
133
Alibaba
BABA
$308B
– –
-1,211
Closed -$261K
BF.B icon
134
Brown-Forman Class B
BF.B
$13B
– –
-3,141
Closed -$200K
BRO icon
135
Brown & Brown
BRO
$23.7B
– –
-6,851
Closed -$279K
C icon
136
Citigroup
C
$231B
– –
-8,904
Closed -$455K
CIEN icon
137
Ciena
CIEN
$57.9B
– –
-7,274
Closed -$394K
COLD icon
138
Americold
COLD
$4B
– –
-7,404
Closed -$269K
COST icon
139
Costco
COST
$418B
– –
-2,386
Closed -$723K
CWI icon
140
State Street SPDR MSCI ACWI ex-US ETF
CWI
$2.84B
– –
-17,247
Closed -$391K
EL icon
141
Estee Lauder
EL
$31.5B
– –
-2,409
Closed -$455K
ETN icon
142
Eaton
ETN
$174B
– –
-3,946
Closed -$345K
FSLR icon
143
First Solar
FSLR
$25.4B
– –
-4,890
Closed -$242K
GIS icon
144
General Mills
GIS
$19.2B
– –
-7,439
Closed -$459K
GSK icon
145
GSK
GSK
$103B
– –
-6,774
Closed -$345K
IJH icon
146
iShares Core S&P Mid-Cap ETF
IJH
$125B
– –
-13,000
Closed -$462K
IP icon
147
International Paper
IP
$22.4B
– –
-11,551
Closed -$385K
IPG
148
DELISTED
Interpublic Group of Companies
IPG
– –
-16,095
Closed -$276K
IPI icon
149
Intrepid Potash
IPI
$453M
– –
-1,392
Closed -$14K
JEF icon
150
Jefferies Financial Group
JEF
$13B
– –
-20,261
Closed -$301K
3 4 5
6
7

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Covenant Multifamily Offices's Q3 2020 Portfolio in Review

As of Q3 2020, Covenant Multifamily Offices held 162 positions worth $509M, up 0.32% from $507M the previous quarter. Its ten largest holdings account for 74% of the portfolio.

Covenant Multifamily Offices withdrew a net $26.3M in Q3 2020, closing 32 positions and reducing 76 holdings. Its most notable exit was Broadcom, an estimated $1.94M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 14% of assets, down from 15% a quarter earlier, followed by Technology and Healthcare.

Against the trend, Covenant Multifamily Offices opened a new position in State Street Financial Select Sector SPDR ETF worth $1.3M.

  • Covenant Multifamily Offices's largest Q3 2020 buy was State Street Financial Select Sector SPDR ETF: 54,021 shares worth $1.3M.
  • Covenant Multifamily Offices added most to Vanguard FTSE Developed Markets ETF in Q3 2020, an estimated $4.06M increase.
  • Covenant Multifamily Offices's biggest Q3 2020 reduction was iShares MSCI Emerging Markets ETF, cutting an estimated $7.02M.
  • Covenant Multifamily Offices fully exited Broadcom in Q3 2020, selling an estimated $1.94M.
  • Covenant Multifamily Offices's ten largest holdings make up 74% of its $509M portfolio in Q3 2020.
  • Covenant Multifamily Offices opened 6 new positions and closed 32 in Q3 2020.
  • Covenant Multifamily Offices's portfolio value rose 0.32% quarter-over-quarter to $509M.

Based on Covenant Multifamily Offices's 13F filing for Q3 2020, filed 10 Nov 2020.