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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
+3.7%
1 Year Est. Return
+25.75%
3 Year Est. Return
+38.34%
5 Year Est. Return
+79.2%
10 Year Est. Return
–
AUM
$456M
AUM Growth
+$147M
Cap. Flow
+$133M
Cap. Flow %
29.25%
Top 10 Hldgs %
68.3%
Holding
290
New
67
Increased
56
Reduced
11
Closed
148

Top Buys

Rank Stock Value
1
T icon
AT&T
T
+$77.1M
2
VIG icon
Vanguard Dividend Appreciation ETF
VIG
+$5.99M
3
FNDB icon
Schwab Fundamental US Broad Market Index ETF
FNDB
+$4.73M
4
SCHF icon
Schwab International Equity ETF
SCHF
+$4.68M
5
DJP icon
iPath Bloomberg Commodity Index Total Return ETN due 12 June 2036
DJP
+$3.89M

Top Sells

Rank Stock Value
1
VHT icon
Vanguard Health Care ETF
VHT
+$12.4M
2
VEA icon
Vanguard FTSE Developed Markets ETF
VEA
+$10M
3
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$7.32M
4
IWP icon
iShares Russell Mid-Cap Growth ETF
IWP
+$3.67M
5
QCOM icon
Qualcomm
QCOM
+$1.21M

Sector Composition

Rank Sector Weight
1 Communication Services 19.63%
2 Energy 3.83%
3 Consumer Discretionary 3.15%
4 Technology 3.08%
5 Healthcare 3.04%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IWN icon
201
iShares Russell 2000 Value ETF
IWN
$14.3B
– –
-97
Closed -$12K
IWO icon
202
iShares Russell 2000 Growth ETF
IWO
$14.3B
– –
-208
Closed -$41K
IWR icon
203
iShares Russell Mid-Cap ETF
IWR
$56B
– –
-748
Closed -$40K
IWS icon
204
iShares Russell Mid-Cap Value ETF
IWS
$15.6B
– –
-301
Closed -$26K
IYE icon
205
iShares US Energy ETF
IYE
$1.74B
– –
-130
Closed -$5K
IYR icon
206
iShares US Real Estate ETF
IYR
$4.66B
– –
-873
Closed -$76K
JCI icon
207
Johnson Controls International
JCI
$88.8B
– –
-250
Closed -$9K
JNJ icon
208
Johnson & Johnson
JNJ
$618B
– –
-100
Closed -$14K
KCE icon
209
State Street SPDR S&P Capital Markets ETF
KCE
$456M
– –
-98
Closed -$5K
LMT icon
210
Lockheed Martin
LMT
$134B
– –
-121
Closed -$36K
MBB icon
211
iShares MBS ETF
MBB
$38.9B
– –
-967
Closed -$103K
MJ icon
212
Amplify Alternative Harvest ETF
MJ
$101M
– –
-9
Closed -$4K
MMM icon
213
3M
MMM
$90.9B
– –
-200
Closed -$35K
MTUM icon
214
iShares MSCI USA Momentum Factor ETF
MTUM
$25B
– –
-885
Closed -$99K
MU icon
215
Micron Technology
MU
$930B
– –
-1,800
Closed -$74K
MUFG icon
216
Mitsubishi UFJ Financial
MUFG
$253B
– –
-6,913
Closed -$34K
NEAR icon
217
iShares Short Maturity Bond ETF
NEAR
$4.83B
– –
-3,437
Closed -$173K
NFLX icon
218
Netflix
NFLX
$299B
– –
-2,110
Closed -$75K
NKE icon
219
Nike
NKE
$61.9B
– –
-924
Closed -$78K
NOBL icon
220
ProShares S&P 500 Dividend Aristocrats ETF
NOBL
$11.7B
– –
-554
Closed -$19K
NOK icon
221
Nokia
NOK
$51B
– –
-6,946
Closed -$40K
NTNX icon
222
Nutanix
NTNX
$16B
– –
-1,500
Closed -$57K
NTR icon
223
Nutrien
NTR
$33.2B
– –
-200
Closed -$11K
NXPI icon
224
NXP Semiconductors
NXPI
$57.8B
– –
-286
Closed -$25K
ONEQ icon
225
Fidelity Nasdaq Composite Index ETF
ONEQ
$10.4B
– –
-270
Closed -$8K
7 8
9
10 11

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Covenant Multifamily Offices's Q2 2019 Portfolio in Review

As of Q2 2019, Covenant Multifamily Offices held 290 positions worth $456M, up 48% from $309M the previous quarter. Its ten largest holdings account for 68% of the portfolio.

Covenant Multifamily Offices deployed $133M of net new capital in Q2 2019, opening 67 new positions and adding to 56 existing holdings. Its largest new stake was AT&T: 3,214,734 shares worth $81.4M.

By sector, the portfolio is most concentrated in Communication Services at 20% of assets, up from 1.4% a quarter earlier, followed by Energy and Consumer Discretionary.

On the sell side, the largest reduction was Vanguard FTSE Developed Markets ETF, an estimated $10M trimmed.

  • Covenant Multifamily Offices's largest Q2 2019 buy was AT&T: 3,214,734 shares worth $81.4M.
  • Covenant Multifamily Offices added most to Vanguard Dividend Appreciation ETF in Q2 2019, an estimated $5.99M increase.
  • Covenant Multifamily Offices's biggest Q2 2019 reduction was Vanguard FTSE Developed Markets ETF, cutting an estimated $10M.
  • Covenant Multifamily Offices fully exited Vanguard Health Care ETF in Q2 2019, selling an estimated $12.4M.
  • Covenant Multifamily Offices's ten largest holdings make up 68% of its $456M portfolio in Q2 2019.
  • Covenant Multifamily Offices opened 67 new positions and closed 148 in Q2 2019.
  • Covenant Multifamily Offices's portfolio value rose 48% quarter-over-quarter to $456M.

Based on Covenant Multifamily Offices's 13F filing for Q2 2019, filed 31 Jul 2019.