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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
CONE
176
DELISTED
CyrusOne Inc Common Stock
CONE
$215K 0.04%
3,180
– –
PHM icon
177
Pultegroup
PHM
$25.1B
$211K 0.04%
+4,019
New +$188K
SAP icon
178
SAP
SAP
$226B
$205K 0.04%
+1,673
New +$212K
ORCL icon
179
Oracle
ORCL
$420B
$204K 0.04%
+2,911
New +$188K
BEN icon
180
Franklin Resources
BEN
$18.2B
$202K 0.04%
+6,835
New +$187K
ABEV icon
181
Ambev
ABEV
$47B
$32K 0.01%
11,650
– –
FURY
182
Fury Gold Mines
FURY
$105M
$30K 0.01%
24,322
– –
NAK
183
Northern Dynasty Minerals
NAK
$896M
$18K ﹤0.01%
28,000
+8,200
+41% +$5.35K
IWP icon
184
iShares Russell Mid-Cap Growth ETF
IWP
$20.6B
– –
-168,331
Closed -$17.3M
OGE icon
185
OGE Energy
OGE
$9.79B
– –
-15,290
Closed -$487K
OKE icon
186
Oneok
OKE
$55.2B
– –
-5,847
Closed -$224K
OXY icon
187
Occidental Petroleum
OXY
$54.8B
– –
-10,686
Closed -$185K
PANW icon
188
Palo Alto Networks
PANW
$299B
– –
-7,098
Closed -$420K
SCHP icon
189
Schwab US TIPS ETF
SCHP
$16.3B
– –
-7,990
Closed -$248K
SSL icon
190
Sasol
SSL
$7.14B
– –
-16,997
Closed -$151K
VBR icon
191
Vanguard Morningstar Small-Cap Value ETF
VBR
$38.1B
– –
-37,717
Closed -$5.36M
VWO icon
192
Vanguard FTSE Emerging Markets ETF
VWO
$123B
– –
-5,568
Closed -$279K
CHL
193
DELISTED
China Mobile Limited
CHL
– –
-33,247
Closed -$949K
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.