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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
+8.2%
1 Year Est. Return
+25.75%
3 Year Est. Return
+38.34%
5 Year Est. Return
+79.2%
10 Year Est. Return
–
AUM
$489M
AUM Growth
-$70.2M
(-13%)
Cap. Flow
-$102M
Cap. Flow
% of AUM
-20.94%
Top 10 Holdings %
Top 10 Hldgs %
59.2%
Holding
193
New
56
Increased
54
Reduced
56
Closed
10
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Texas Instruments
TXN
|
+$35.3M |
| 2 |
AT&T
T
|
+$14.4M |
| 3 |
Schwab Fundamental US Large Company Index ETF
FNDX
|
+$8.45M |
| 4 |
State Street Financial Select Sector SPDR ETF
XLF
|
+$5.75M |
| 5 |
Goldman Sachs ActiveBeta Emerging Markets Equity ETF
GEM
|
+$4.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$51.7M |
| 2 |
Vanguard Dividend Appreciation ETF
VIG
|
+$37.3M |
| 3 |
iShares MSCI USA Quality Factor ETF
QUAL
|
+$29.4M |
| 4 |
iShares Expanded Tech-Software Sector ETF
IGV
|
+$26.1M |
| 5 |
iShares S&P 100 ETF
OEF
|
+$21M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 18.32% |
| 2 | Technology | 14.48% |
| 3 | Financials | 5.03% |
| 4 | Energy | 3.65% |
| 5 | Consumer Discretionary | 3.59% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
Crown Castle
CCI
$33.5B
| $409K | 0.08% |
+2,375
| New | +$380K |
|
127
Watsco Inc
WSO
$13.1B
| $399K | 0.08% |
1,529
| – | – |
|
128
APA Corp
APA
$13B
| $392K | 0.08% |
21,900
| – | – |
|
129
TransUnion
TRU
$15.3B
| $391K | 0.08% |
+4,345
| New | +$392K |
|
130
PepsiCo
PEP
$190B
| $389K | 0.08% |
+2,751
| New | +$377K |
|
131
Edwards Lifesciences
EW
$51.1B
| $382K | 0.08% |
4,566
-1,134
| -20% | -$95.9K |
|
132
Under Armour Class C
UA
$2.83B
| $381K | 0.08% |
20,617
-7,070
| -26% | -$124K |
|
133
C.H. Robinson
CHRW
$17.2B
| $379K | 0.08% |
+3,973
| New | +$371K |
|
134
Albemarle
ALB
$14.2B
| $368K | 0.08% |
+2,519
| New | +$404K |
|
135
Phillips 66
PSX
$82.7B
| $363K | 0.07% |
+4,455
| New | +$350K |
|
136
Mastercard
MA
$500B
| $360K | 0.07% |
1,010
| – | – |
|
137
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$66.4B
| $355K | 0.07% |
3,816
| – | – |
|
138
Nordic American Tanker
NAT
$1.36B
| $351K | 0.07% |
108,000
| – | – |
|
139
Intel
INTC
$509B
| $345K | 0.07% |
+5,398
| New | +$322K |
|
140
GoPro
GPRO
$131M
| $341K | 0.07% |
29,284
-12,856
| -31% | -$121K |
|
141
Vanguard Morningstar Value ETF
VTV
$191B
| $330K | 0.07% |
2,509
+205
| +9% | +$25.7K |
|
142
Alibaba
BABA
$309B
| $325K | 0.07% |
1,433
+320
| +29% | +$78.6K |
|
143
Intuitive Surgical
ISRG
$133B
| $316K | 0.06% |
1,284
| – | – |
|
|
PRAH
144
DELISTED
PRA Health Sciences, Inc.
PRAH
| $311K | 0.06% |
2,029
| – | – |
|
|
GPMT
145
Granite Point Mortgage Trust
GPMT
$69.5M
| $305K | 0.06% |
25,500
| – | – |
|
146
iShares MSCI EAFE ETF
EFA
$79.3B
| $299K | 0.06% |
+3,937
| New | +$296K |
|
147
Kroger
KR
$35.7B
| $299K | 0.06% |
8,312
+1,353
| +19% | +$46.2K |
|
148
Devon Energy
DVN
$51.4B
| $291K | 0.06% |
13,336
+2,226
| +20% | +$45.8K |
|
149
Paychex
PAYX
$41.9B
| $286K | 0.06% |
2,918
| – | – |
|
150
Vanguard Real Estate ETF
VNQ
$39.2B
| $286K | 0.06% |
+3,108
| New | +$273K |
|
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Covenant Multifamily Offices's Q1 2021 Portfolio in Review
As of Q1 2021, Covenant Multifamily Offices held 193 positions worth $489M, down 13% from $559M the previous quarter. Its ten largest holdings account for 59% of the portfolio.
Covenant Multifamily Offices withdrew a net $102M in Q1 2021, closing 10 positions and reducing 56 holdings. Its most notable exit was iShares Russell Mid-Cap Growth ETF, an estimated $17.3M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 18% of assets, up from 12% a quarter earlier, followed by Technology and Financials.
Against the trend, Covenant Multifamily Offices opened a new position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF worth $4.13M.
- Covenant Multifamily Offices's largest Q1 2021 buy was Goldman Sachs ActiveBeta Emerging Markets Equity ETF: 104,684 shares worth $4.13M.
- Covenant Multifamily Offices added most to Texas Instruments in Q1 2021, an estimated $35.3M increase.
- Covenant Multifamily Offices's biggest Q1 2021 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $51.7M.
- Covenant Multifamily Offices fully exited iShares Russell Mid-Cap Growth ETF in Q1 2021, selling an estimated $17.3M.
- Covenant Multifamily Offices's ten largest holdings make up 59% of its $489M portfolio in Q1 2021.
- Covenant Multifamily Offices opened 56 new positions and closed 10 in Q1 2021.
- Covenant Multifamily Offices's portfolio value fell 13% quarter-over-quarter to $489M.
Based on Covenant Multifamily Offices's 13F filing for Q1 2021, filed 11 May 2021.