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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
+1.84%
1 Year Est. Return
+25.75%
3 Year Est. Return
+38.34%
5 Year Est. Return
+79.2%
10 Year Est. Return
–
AUM
$163M
AUM Growth
+$58.2M
Cap. Flow
+$55M
Cap. Flow %
33.73%
Top 10 Hldgs %
79.89%
Holding
31
New
21
Increased
4
Reduced
2
Closed
2

Top Buys

Rank Stock Value
1
EFA icon
iShares MSCI EAFE ETF
EFA
+$35M
2
EWJ icon
iShares MSCI Japan ETF
EWJ
+$4.35M
3
INTC icon
Intel
INTC
+$3.72M
4
CAH icon
Cardinal Health
CAH
+$3.66M
5
CSCO icon
Cisco
CSCO
+$3.6M

Top Sells

Rank Stock Value
1
VEA icon
Vanguard FTSE Developed Markets ETF
VEA
+$23.3M
2
EEM icon
iShares MSCI Emerging Markets ETF
EEM
+$2.96M
3
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$2.72M
4
IWP icon
iShares Russell Mid-Cap Growth ETF
IWP
+$2.58M

Sector Composition

Rank Sector Weight
1 Technology 6.36%
2 Healthcare 5.81%
3 Financials 3.84%
4 Consumer Staples 3.11%
5 Industrials 2.85%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EFA icon
1
iShares MSCI EAFE ETF
EFA
$78B
$35M 21.48%
+607,032
New +$35M
SPY icon
2
State Street SPDR S&P 500 ETF Trust
SPY
$790B
$31.5M 19.28%
140,709
-12,454
-8% -$2.72M
OEF icon
3
iShares S&P 100 ETF
OEF
$20.1B
$21.8M 13.38%
219,849
+1,059
+0.5% +$103K
VTV icon
4
Vanguard Morningstar Value ETF
VTV
$188B
$14.4M 8.8%
154,391
+27,014
+21% +$2.42M
IWP icon
5
iShares Russell Mid-Cap Growth ETF
IWP
$19.8B
$8.96M 5.49%
183,990
-53,462
-23% -$2.58M
EWJ icon
6
iShares MSCI Japan ETF
EWJ
$21.9B
$4.26M 2.61%
+87,106
New +$4.35M
INTC icon
7
Intel
INTC
$455B
$3.76M 2.31%
+103,774
New +$3.72M
CAH icon
8
Cardinal Health
CAH
$53.9B
$3.65M 2.23%
+50,646
New +$3.66M
CSCO icon
9
Cisco
CSCO
$457B
$3.57M 2.19%
+118,073
New +$3.6M
PRU icon
10
Prudential Financial
PRU
$42.4B
$3.49M 2.14%
+33,503
New +$3.18M
MDT icon
11
Medtronic
MDT
$109B
$3.15M 1.93%
+44,149
New +$3.47M
GLW icon
12
Corning
GLW
$119B
$3.05M 1.87%
+125,659
New +$2.99M
TGT icon
13
Target
TGT
$65.6B
$2.98M 1.83%
+41,273
New +$2.99M
BLK icon
14
Blackrock
BLK
$169B
$2.78M 1.7%
+7,294
New +$2.68M
CVS icon
15
CVS Health
CVS
$133B
$2.69M 1.65%
+34,066
New +$2.76M
HON icon
16
Honeywell
HON
$77B
$2.47M 1.51%
+23,573
New +$2.4M
BBY icon
17
Best Buy
BBY
$18.2B
$2.41M 1.47%
+56,375
New +$2.4M
WM icon
18
Waste Management
WM
$90.6B
$2.18M 1.34%
+30,772
New +$2.06M
KDP icon
19
Keurig Dr Pepper
KDP
$42.3B
$2.1M 1.29%
+23,125
New +$2.03M
VLO icon
20
Valero Energy
VLO
$90.1B
$2.02M 1.24%
+29,530
New +$1.82M
IAU icon
21
iShares Gold Trust
IAU
$62.9B
$1.51M 0.93%
68,173
+25,917
+61% +$608K
SLB icon
22
SLB Ltd
SLB
$73.6B
$1.41M 0.86%
+16,788
New +$1.38M
VZ icon
23
Verizon
VZ
$195B
$1.24M 0.76%
+23,235
New +$1.16M
IP icon
24
International Paper
IP
$21.6B
$765K 0.47%
+15,228
New +$704K
VOO icon
25
Vanguard S&P 500 ETF
VOO
$979B
$692K 0.42%
3,370
+1,992
+145% +$400K
1
2

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Covenant Multifamily Offices's Q4 2016 Portfolio in Review

As of Q4 2016, Covenant Multifamily Offices held 31 positions worth $163M, up 55% from $105M the previous quarter. Its ten largest holdings account for 80% of the portfolio.

Covenant Multifamily Offices deployed $55M of net new capital in Q4 2016, opening 21 new positions and adding to 4 existing holdings. Its largest new stake was iShares MSCI EAFE ETF: 607,032 shares worth $35M.

By sector, the portfolio is most concentrated in Technology at 6.4% of assets, followed by Healthcare and Financials.

On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $2.72M trimmed.

  • Covenant Multifamily Offices's largest Q4 2016 buy was iShares MSCI EAFE ETF: 607,032 shares worth $35M.
  • Covenant Multifamily Offices added most to Vanguard Morningstar Value ETF in Q4 2016, an estimated $2.42M increase.
  • Covenant Multifamily Offices's biggest Q4 2016 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $2.72M.
  • Covenant Multifamily Offices fully exited Vanguard FTSE Developed Markets ETF in Q4 2016, selling an estimated $23.3M.
  • Covenant Multifamily Offices's ten largest holdings make up 80% of its $163M portfolio in Q4 2016.
  • Covenant Multifamily Offices opened 21 new positions and closed 2 in Q4 2016.
  • Covenant Multifamily Offices's portfolio value rose 55% quarter-over-quarter to $163M.

Based on Covenant Multifamily Offices's 13F filing for Q4 2016, filed 9 Feb 2017.