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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 Miscellaneous 61.31%
2 Communication Services 19.9%
3 Energy 3.83%
4 Consumer Discretionary 3.15%
5 Healthcare 3.09%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BKH icon
151
Black Hills Corp
BKH
$5.38B
– –
-1,699
Closed -$126K
BRK.B icon
152
Berkshire Hathaway Class B
BRK.B
$1.11T
– –
-203
Closed -$41K
C icon
153
Citigroup
C
$223B
– –
-50
Closed -$3K
CB icon
154
Chubb
CB
$132B
– –
-922
Closed -$129K
CC icon
155
Chemours
CC
$2.17B
– –
-186
Closed -$7K
CDNA icon
156
CareDx
CDNA
$2.77B
– –
-1,000
Closed -$32K
CGC
157
Canopy Growth
CGC
$387M
– –
-10
Closed -$5K
CHTR icon
158
Charter Communications
CHTR
$16.1B
– –
-13
Closed -$5K
CNX icon
159
CNX Resources
CNX
$4.99B
– –
-68
Closed -$1K
COP icon
160
ConocoPhillips
COP
$159B
– –
-36
Closed -$2K
CRBP icon
161
Corbus Pharmaceuticals
CRBP
$140M
– –
-9
Closed -$2K
CRH icon
162
CRH
CRH
$57.7B
– –
-537
Closed -$17K
CRON
163
Cronos Group
CRON
$1.21B
– –
-154
Closed -$3K
CSCO icon
164
Cisco
CSCO
$425B
– –
-250
Closed -$13K
CSX icon
165
CSX Corp
CSX
$88.7B
– –
-600
Closed -$15K
CTS icon
166
CTS Corp
CTS
$1.62B
– –
-870
Closed -$26K
CX icon
167
Cemex
CX
$14.7B
– –
-6,281
Closed -$29K
DBX icon
168
Dropbox
DBX
$8.21B
– –
-430
Closed -$9K
DD icon
169
DuPont de Nemours
DD
$17.2B
– –
-293
Closed -$40K
DDD icon
170
3D Systems Corp
DDD
$522M
– –
-1,000
Closed -$11K
DELL icon
171
Dell
DELL
$358B
– –
-256
Closed -$8K
DIA icon
172
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$44.9B
– –
-291
Closed -$75K
E icon
173
ENI
E
$79.5B
– –
-1,776
Closed -$63K
EFA icon
174
iShares MSCI EAFE ETF
EFA
$77.6B
– –
-281
Closed -$18K
EMB icon
175
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$14.2B
– –
-2,254
Closed -$248K
5 6
7
8 9

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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 Miscellaneous at 61% of assets, down from 83% a quarter earlier, followed by Communication Services and Energy.

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.