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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
Cap. Flow
-$102M
Cap. Flow %
-20.94%
Top 10 Hldgs %
59.2%
Holding
193
New
56
Increased
54
Reduced
56
Closed
10

Top Buys

Rank Stock Value
1
TXN icon
Texas Instruments
TXN
+$35.3M
2
T icon
AT&T
T
+$14.4M
3
FNDX icon
Schwab Fundamental US Large Company Index ETF
FNDX
+$8.45M
4
XLF icon
State Street Financial Select Sector SPDR ETF
XLF
+$5.75M
5
GEM icon
Goldman Sachs ActiveBeta Emerging Markets Equity ETF
GEM
+$4.2M

Top Sells

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$51.7M
2
VIG icon
Vanguard Dividend Appreciation ETF
VIG
+$37.3M
3
QUAL icon
iShares MSCI USA Quality Factor ETF
QUAL
+$29.4M
4
IGV icon
iShares Expanded Tech-Software Sector ETF
IGV
+$26.1M
5
OEF icon
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
GOOGL icon
151
Alphabet (Google) Class A
GOOGL
$4.64T
$285K 0.06%
+2,760
New +$272K
DIS icon
152
Walt Disney
DIS
$171B
$281K 0.06%
1,521
+250
+20% +$46.1K
RTX icon
153
RTX Corp
RTX
$295B
$280K 0.06%
3,624
+351
+11% +$25.6K
SPXU icon
154
ProShares UltraPro Short S&P 500
SPXU
$389M
$275K 0.06%
+580
New +$307K
VV icon
155
Vanguard Morningstar Large-Cap ETF
VV
$54.3B
$274K 0.06%
1,480
-323
-18% -$58.5K
SCHQ
156
Schwab Long-Term US Treasury ETF
SCHQ
$798M
$271K 0.06%
+5,733
New +$289K
CIBR icon
157
First Trust NASDAQ Cybersecurity ETF
CIBR
$15.3B
$269K 0.06%
6,430
+1,750
+37% +$76.6K
XLU icon
158
State Street Utilities Select Sector SPDR ETF
XLU
$22.8B
$263K 0.05%
8,224
-3,444
-30% -$107K
FRDM icon
159
Freedom 100 Emerging Markets ETF
FRDM
$3.4B
$260K 0.05%
7,728
+935
+14% +$31.5K
CALM icon
160
Cal-Maine
CALM
$4B
$257K 0.05%
+6,679
New +$262K
ITOT icon
161
iShares Core S&P Total US Stock Market ETF
ITOT
$97.6B
$255K 0.05%
+2,782
New +$250K
V icon
162
Visa
V
$693B
$252K 0.05%
1,189
-118
-9% -$24.8K
STT icon
163
State Street
STT
$51.2B
$246K 0.05%
+2,928
New +$227K
TSLA icon
164
Tesla
TSLA
$1.29T
$245K 0.05%
+1,101
New +$276K
BBY icon
165
Best Buy
BBY
$18.3B
$242K 0.05%
+2,105
New +$236K
SHY icon
166
iShares 1-3 Year Treasury Bond ETF
SHY
$25.1B
$240K 0.05%
+2,787
New +$241K
TFI icon
167
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
$3.13B
$236K 0.05%
+4,575
New +$238K
USMV icon
168
iShares MSCI USA Min Vol Factor ETF
USMV
$24B
$232K 0.05%
+3,352
New +$227K
FSLR icon
169
First Solar
FSLR
$26B
$229K 0.05%
2,620
– –
IWN icon
170
iShares Russell 2000 Value ETF
IWN
$14.7B
$227K 0.05%
+1,422
New +$215K
PDEC icon
171
Innovator US Equity Power Buffer ETF December
PDEC
$995M
$226K 0.05%
7,580
– –
EOG icon
172
EOG Resources
EOG
$76.5B
$225K 0.05%
+3,103
New +$198K
ADP icon
173
Automatic Data Processing
ADP
$107B
$224K 0.05%
1,191
– –
IIPR icon
174
Innovative Industrial Properties
IIPR
$1.74B
$222K 0.05%
+1,232
New +$236K
SCHZ icon
175
Schwab US Aggregate Bond ETF
SCHZ
$10.5B
$222K 0.05%
8,230
-374
-4% -$10.3K
4 5 6
7
8

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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.