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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
+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
(+26%)
Cap. Flow
+$213M
Cap. Flow
% of AUM
36.4%
Top 10 Holdings %
Top 10 Hldgs %
58.34%
Holding
192
New
52
Increased
102
Reduced
32
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
DaVita
DVA
|
+$24.1M |
| 2 |
FedEx
FDX
|
+$20.4M |
| 3 |
RTN
Raytheon Company
RTN
|
+$16.3M |
| 4 |
Southern Company
SO
|
+$10.5M |
| 5 |
3M
MMM
|
+$9.57M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Schwab Fundamental US Large Company Index ETF
FNDX
|
+$1.96M |
| 2 |
Microsoft
MSFT
|
+$1.39M |
| 3 |
VanEck Junior Gold Miners ETF
GDXJ
|
+$991K |
| 4 |
Corning
GLW
|
+$812K |
| 5 |
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 | |
|---|---|---|---|---|---|---|
176
Walt Disney
DIS
$167B
| $106K | 0.02% |
+730
| New | +$102K |
|
177
Energy Transfer Partners
ET
$70.1B
| $106K | 0.02% |
+8,289
| New | +$102K |
|
178
American Express
AXP
$227B
| $84K | 0.01% |
+674
| New | +$80.6K |
|
179
Citigroup
C
$222B
| $71K | 0.01% |
+888
| New | +$65.6K |
|
180
ConocoPhillips
COP
$147B
| $62K | 0.01% |
+1,608
| New | +$94.5K |
|
|
HES
181
DELISTED
Hess
HES
| $44K | 0.01% |
+2,247
| New | +$147K |
|
182
Abbott
ABT
$183B
| $34K | 0.01% |
+391
| New | +$32.7K |
|
183
Teva Pharmaceuticals
TEVA
$40.8B
| $29K | 0.01% |
+1,836
| New | +$16.4K |
|
184
McDonald's
MCD
$192B
| $27K | ﹤0.01% |
+208
| New | +$41.3K |
|
185
J. Jill
JILL
$272M
| $16K | ﹤0.01% |
+2,783
| New | +$21.8K |
|
186
iShares Select Dividend ETF
DVY
$23.5B
| $15K | ﹤0.01% |
+141
| New | +$14.5K |
|
187
Under Armour
UAA
$2.84B
| $2K | ﹤0.01% |
+97
| New | +$1.88K |
|
188
Antero Midstream
AM
$10.4B
| – | – |
-39,400
| Closed | -$292K |
|
|
189
Schwab Fundamental US Large Company Index ETF
FNDX
$26.7B
| – | – |
-148,272
| Closed | -$1.96M |
|
|
190
VanEck Junior Gold Miners ETF
GDXJ
$6.89B
| – | – |
-27,318
| Closed | -$991K |
|
|
191
iShares Gold Trust
IAU
$62.9B
| – | – |
-16,409
| Closed | -$463K |
|
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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.