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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
LQD icon
151
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.3B
$300K 0.05%
2,343
+147
+7% +$18.7K
CONE
152
DELISTED
CyrusOne Inc Common Stock
CONE
$294K 0.05%
4,474
-617
-12% -$42.4K
VLO icon
153
Valero Energy
VLO
$90.1B
$273K 0.05%
+2,471
New +$234K
ILTB icon
154
iShares Core 10+ Year USD Bond ETF
ILTB
$592M
$271K 0.05%
+2,712
New +$186K
ICF icon
155
iShares Select U.S. REIT ETF
ICF
$2.09B
$270K 0.05%
4,608
-546
-11% -$32.1K
GLW icon
156
Corning
GLW
$119B
$267K 0.05%
9,185
-27,968
-75% -$812K
IFLN
157
Invesco Bloomberg Enhanced Fallen Angels ETF
IFLN
$308M
$263K 0.04%
13,630
-15
-0.1% -$286
NS
158
DELISTED
NuStar Energy L.P.
NS
$248K 0.04%
9,342
+100
+1% +$2.78K
CSCO icon
159
Cisco
CSCO
$457B
$246K 0.04%
+4,647
New +$216K
JNJ icon
160
Johnson & Johnson
JNJ
$618B
$229K 0.04%
+1,406
New +$191K
IYR icon
161
iShares US Real Estate ETF
IYR
$4.66B
$221K 0.04%
+1,692
New +$157K
BRK.B icon
162
Berkshire Hathaway Class B
BRK.B
$1.1T
$216K 0.04%
+952
New +$207K
CB icon
163
Chubb
CB
$135B
$213K 0.04%
1,367
+4
+0.3% +$612
BF.B icon
164
Brown-Forman Class B
BF.B
$13.2B
$212K 0.04%
+3,141
New +$204K
SPTI icon
165
State Street SPDR Portfolio Intermediate Term Treasury ETF
SPTI
$10.4B
$206K 0.04%
+6,660
New +$207K
SCHA icon
166
Schwab U.S Small- Cap ETF
SCHA
$22.2B
$205K 0.04%
10,864
-932
-8% -$16.9K
SLV icon
167
iShares Silver Trust
SLV
$28B
$204K 0.03%
+8,770
New +$142K
BLK icon
168
Blackrock
BLK
$169B
$202K 0.03%
+1,041
New +$494K
EMB icon
169
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$15B
$194K 0.03%
+2,841
New +$321K
NKE icon
170
Nike
NKE
$61.9B
$194K 0.03%
+2,236
New +$211K
JPM icon
171
JPMorgan Chase
JPM
$935B
$177K 0.03%
+15,074
New +$1.93M
CTVA icon
172
Corteva
CTVA
$52.6B
$149K 0.03%
+9,254
New +$245K
GPRO icon
173
GoPro
GPRO
$130M
$143K 0.02%
32,904
-16,129
-33% -$66.9K
DD icon
174
DuPont de Nemours
DD
$18.5B
$127K 0.02%
+1,809
New +$150K
X
175
DELISTED
US Steel
X
$120K 0.02%
10,099
+29
+0.3% +$360
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.