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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
(+0.32%)
Cap. Flow
-$26.3M
Cap. Flow
% of AUM
-5.17%
Top 10 Holdings %
Top 10 Hldgs %
73.58%
Holding
162
New
6
Increased
29
Reduced
76
Closed
32
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard FTSE Developed Markets ETF
VEA
|
+$4.06M |
| 2 |
iShares Expanded Tech-Software Sector ETF
IGV
|
+$1.83M |
| 3 |
Vanguard Dividend Appreciation ETF
VIG
|
+$1.39M |
| 4 |
State Street Financial Select Sector SPDR ETF
XLF
|
+$1.31M |
| 5 |
iShares MSCI USA Quality Factor ETF
QUAL
|
+$955K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI Emerging Markets ETF
EEM
|
+$7.02M |
| 2 |
Vanguard Morningstar Value ETF
VTV
|
+$4.23M |
| 3 |
Broadcom
AVGO
|
+$1.94M |
| 4 |
State Street Utilities Select Sector SPDR ETF
XLU
|
+$1.33M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
151
Marathon Petroleum
MPC
$89.6B
| – | – |
-5,693
| Closed | -$213K |
|
152
Pultegroup
PHM
$24.6B
| – | – |
-9,884
| Closed | -$336K |
|
153
RTX Corp
RTX
$294B
| – | – |
-7,965
| Closed | -$491K |
|
154
Sysco
SYY
$40.7B
| – | – |
-7,159
| Closed | -$391K |
|
155
UBS Group
UBS
$175B
| – | – |
-29,033
| Closed | -$335K |
|
156
Vanguard Morningstar Mid-Cap ETF
VO
$109B
| – | – |
-7,548
| Closed | -$309K |
|
157
Vanguard S&P 500 ETF
VOO
$1.01T
| – | – |
-1,378
| Closed | -$391K |
|
158
Werner Enterprises
WERN
$2.23B
| – | – |
-9,034
| Closed | -$393K |
|
159
Western Union
WU
$2.28B
| – | – |
-9,728
| Closed | -$210K |
|
|
NS
160
DELISTED
NuStar Energy L.P.
NS
| – | – |
-11,555
| Closed | -$165K |
|
|
SDC
161
DELISTED
SmileDirectClub, Inc. Class A Common Stock
SDC
| – | – |
-20,247
| Closed | -$160K |
|
|
BKI
162
DELISTED
Black Knight, Inc. Common Stock
BKI
| – | – |
-4,609
| Closed | -$334K |
|
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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.