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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
+17.84%
1 Year Est. Return
+25.75%
3 Year Est. Return
+38.34%
5 Year Est. Return
+79.2%
10 Year Est. Return
–
AUM
$507M
AUM Growth
+$110M
(+28%)
Cap. Flow
+$42.8M
Cap. Flow
% of AUM
8.43%
Top 10 Holdings %
Top 10 Hldgs %
69.22%
Holding
164
New
51
Increased
60
Reduced
33
Closed
8
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI Emerging Markets ETF
EEM
|
+$5.39M |
| 2 |
Vanguard Morningstar Value ETF
VTV
|
+$3.96M |
| 3 |
Vanguard Morningstar Small-Cap ETF
VB
|
+$3.81M |
| 4 |
Vanguard Morningstar Small-Cap Value ETF
VBR
|
+$3.75M |
| 5 |
iShares Expanded Tech-Software Sector ETF
IGV
|
+$2.72M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Schwab Fundamental US Broad Market Index ETF
FNDB
|
+$2.13M |
| 2 |
Delta Air Lines
DAL
|
+$1.24M |
| 3 |
Pfizer
PFE
|
+$789K |
| 4 |
iShares S&P 100 ETF
OEF
|
+$783K |
| 5 |
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
|
+$740K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 65.96% |
| 2 | Communication Services | 15.55% |
| 3 | Technology | 4.89% |
| 4 | Financials | 3.29% |
| 5 | Healthcare | 3.12% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
Devon Energy
DVN
$53.3B
| $128K | 0.03% |
+11,289
| New | +$129K |
|
152
Ambev
ABEV
$46.1B
| $31K | 0.01% |
+11,650
| New | +$27.5K |
|
|
NAK
153
Northern Dynasty Minerals
NAK
$697M
| $16K | ﹤0.01% |
+11,000
| New | +$10.2K |
|
154
Intrepid Potash
IPI
$514M
| $14K | ﹤0.01% |
+1,392
| New | +$14.5K |
|
155
J. Jill
JILL
$356M
| $10K | ﹤0.01% |
2,817
-1,579
| -36% | -$4.28K |
|
156
Sonida Senior Living
SNDA
$1.89B
| $8K | ﹤0.01% |
+734
| New | +$8.36K |
|
157
State Street SPDR Bloomberg International Corporate Bond ETF
IBND
$450M
| – | – |
-6,614
| Closed | -$206K |
|
158
Occidental Petroleum
OXY
$59.3B
| – | – |
-14,125
| Closed | -$164K |
|
159
Invesco International Dividend Achievers ETF
PID
$881M
| – | – |
-24,138
| Closed | -$274K |
|
160
Schwab US Broad Market ETF
SCHB
$43.9B
| – | – |
-37,332
| Closed | -$376K |
|
|
161
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
$2.97B
| – | – |
-14,792
| Closed | -$740K |
|
162
US Commodity Index
USCI
$415M
| – | – |
-11,238
| Closed | -$291K |
|
|
ENG
163
DELISTED
ENGlobal Corp
ENG
| – | – |
-2,806
| Closed | -$17K |
|
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Covenant Multifamily Offices's Q2 2020 Portfolio in Review
As of Q2 2020, Covenant Multifamily Offices held 164 positions worth $507M, up 28% from $397M the previous quarter. Its ten largest holdings account for 69% of the portfolio.
Covenant Multifamily Offices deployed $42.8M of net new capital in Q2 2020, opening 51 new positions and adding to 60 existing holdings. Its largest new stake was Vanguard Morningstar Small-Cap Value ETF: 37,344 shares worth $3.99M.
By sector, the portfolio is most concentrated in Miscellaneous at 66% of assets, down from 66% a quarter earlier, followed by Communication Services and Technology.
On the sell side, the largest reduction was Schwab Fundamental US Broad Market Index ETF, an estimated $2.13M trimmed.
- Covenant Multifamily Offices's largest Q2 2020 buy was Vanguard Morningstar Small-Cap Value ETF: 37,344 shares worth $3.99M.
- Covenant Multifamily Offices added most to iShares MSCI Emerging Markets ETF in Q2 2020, an estimated $5.39M increase.
- Covenant Multifamily Offices's biggest Q2 2020 reduction was Schwab Fundamental US Broad Market Index ETF, cutting an estimated $2.13M.
- Covenant Multifamily Offices fully exited State Street SPDR Nuveen ICE Municipal Bond ETF in Q2 2020, selling an estimated $740K.
- Covenant Multifamily Offices's ten largest holdings make up 69% of its $507M portfolio in Q2 2020.
- Covenant Multifamily Offices opened 51 new positions and closed 8 in Q2 2020.
- Covenant Multifamily Offices's portfolio value rose 28% quarter-over-quarter to $507M.
Based on Covenant Multifamily Offices's 13F filing for Q2 2020, filed 11 Aug 2020.