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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
+0.75%
1 Year Est. Return
+25.75%
3 Year Est. Return
+38.34%
5 Year Est. Return
+79.2%
10 Year Est. Return
–
AUM
$113M
AUM Growth
-$28.7M
Cap. Flow
-$30.3M
Cap. Flow %
-26.91%
Top 10 Hldgs %
100%
Holding
21
New
1
Increased
4
Reduced
4
Closed
12

Top Buys

Rank Stock Value
1
VTV icon
Vanguard Morningstar Value ETF
VTV
+$9.87M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$6.47M
3
OEF icon
iShares S&P 100 ETF
OEF
+$4.38M
4
IWP icon
iShares Russell Mid-Cap Growth ETF
IWP
+$32.7K
5
IAU icon
iShares Gold Trust
IAU
+$30.2K

Top Sells

Rank Stock Value
1
EWJ icon
iShares MSCI Japan ETF
EWJ
+$18.8M
2
VGK icon
Vanguard FTSE Europe ETF
VGK
+$11.9M
3
DBEU icon
Xtrackers MSCI Europe Hedged Equity ETF
DBEU
+$5.78M
4
XOM icon
ExxonMobil
XOM
+$5.53M
5
EEM icon
iShares MSCI Emerging Markets ETF
EEM
+$4.72M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 0%
2 Energy 0%
3 Financials 0%
4 Technology 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SPY icon
1
State Street SPDR S&P 500 ETF Trust
SPY
$790B
$61.1M 54.2%
297,304
+33,135
+13% +$6.47M
OEF icon
2
iShares S&P 100 ETF
OEF
$20.1B
$28.5M 25.29%
311,992
+50,223
+19% +$4.38M
IWP icon
3
iShares Russell Mid-Cap Growth ETF
IWP
$19.8B
$10.9M 9.66%
236,360
+758
+0.3% +$32.7K
VTV icon
4
Vanguard Morningstar Value ETF
VTV
$188B
$10.4M 9.2%
+125,824
New +$9.87M
IAU icon
5
iShares Gold Trust
IAU
$62.9B
$618K 0.55%
25,997
+1,320
+5% +$30.2K
VV icon
6
Vanguard Morningstar Large-Cap ETF
VV
$52.4B
$403K 0.36%
4,290
-439
-9% -$39.1K
VB icon
7
Vanguard Morningstar Small-Cap ETF
VB
$79.5B
$342K 0.3%
3,064
-571
-16% -$59.1K
VOO icon
8
Vanguard S&P 500 ETF
VOO
$979B
$260K 0.23%
1,378
-594
-30% -$106K
GLD icon
9
SPDR Gold Trust
GLD
$131B
$250K 0.22%
2,121
-40
-2% -$4.53K
AAPL icon
10
Apple
AAPL
$4.54T
– –
-28,532
Closed -$751K
BRK.B icon
11
Berkshire Hathaway Class B
BRK.B
$1.1T
– –
-2,283
Closed -$301K
DBEU icon
12
Xtrackers MSCI Europe Hedged Equity ETF
DBEU
$770M
– –
-223,700
Closed -$5.78M
DVY icon
13
iShares Select Dividend ETF
DVY
$23.5B
– –
-2,896
Closed -$218K
EEM icon
14
iShares MSCI Emerging Markets ETF
EEM
$28.8B
– –
-146,800
Closed -$4.72M
EWJ icon
15
iShares MSCI Japan ETF
EWJ
$21.9B
– –
-387,463
Closed -$18.8M
GM icon
16
General Motors
GM
$80.4B
– –
-39,838
Closed -$1.35M
IVV icon
17
iShares Core S&P 500 ETF
IVV
$878B
– –
-1,601
Closed -$328K
PBR.A icon
18
Petrobras Class A
PBR.A
$111B
– –
-12,715
Closed -$43K
VGK icon
19
Vanguard FTSE Europe ETF
VGK
$30.7B
– –
-238,400
Closed -$11.9M
XOM icon
20
ExxonMobil
XOM
$644B
– –
-70,900
Closed -$5.53M
NS
21
DELISTED
NuStar Energy L.P.
NS
– –
-29,963
Closed -$1.2M

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Covenant Multifamily Offices's Q1 2016 Portfolio in Review

As of Q1 2016, Covenant Multifamily Offices held 21 positions worth $113M, down 20% from $141M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Covenant Multifamily Offices withdrew a net $30.3M in Q1 2016, closing 12 positions and reducing 4 holdings. Its most notable exit was iShares MSCI Japan ETF, an estimated $18.8M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 0% of assets, down from 0.96% a quarter earlier, followed by Energy and Financials.

Against the trend, Covenant Multifamily Offices opened a new position in Vanguard Morningstar Value ETF worth $10.4M.

  • Covenant Multifamily Offices's largest Q1 2016 buy was Vanguard Morningstar Value ETF: 125,824 shares worth $10.4M.
  • Covenant Multifamily Offices added most to State Street SPDR S&P 500 ETF Trust in Q1 2016, an estimated $6.47M increase.
  • Covenant Multifamily Offices's biggest Q1 2016 reduction was Vanguard S&P 500 ETF, cutting an estimated $106K.
  • Covenant Multifamily Offices fully exited iShares MSCI Japan ETF in Q1 2016, selling an estimated $18.8M.
  • Covenant Multifamily Offices's ten largest holdings make up 100% of its $113M portfolio in Q1 2016.
  • Covenant Multifamily Offices opened 1 new position and closed 12 in Q1 2016.
  • Covenant Multifamily Offices's portfolio value fell 20% quarter-over-quarter to $113M.

Based on Covenant Multifamily Offices's 13F filing for Q1 2016, filed 12 May 2016.