We are live on ! Find out more
CMO

Covenant Multifamily Offices Portfolio holdings

AUM $557M
1-Year Est. Return 25.75%
This Fund
S&P 500
This Quarter Est. Return
+4.24%
1 Year Est. Return
+25.75%
3 Year Est. Return
+38.34%
5 Year Est. Return
+79.2%
10 Year Est. Return
–
AUM
$150M
AUM Growth
-$8.1M
Cap. Flow
-$14M
Cap. Flow %
-9.37%
Top 10 Hldgs %
66.46%
Holding
38
New
–
Increased
27
Reduced
5
Closed
1

Top Buys

Rank Stock Value
1
TWO
Two Harbors Investment
TWO
+$605K
2
IAU icon
iShares Gold Trust
IAU
+$475K
3
CAH icon
Cardinal Health
CAH
+$168K
4
PRU icon
Prudential Financial
PRU
+$72.6K
5
VLO icon
Valero Energy
VLO
+$70.7K

Top Sells

Rank Stock Value
1
EFA icon
iShares MSCI EAFE ETF
EFA
+$7.68M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$7.37M
3
IWP icon
iShares Russell Mid-Cap Growth ETF
IWP
+$460K
4
EWJ icon
iShares MSCI Japan ETF
EWJ
+$199K
5
FOR icon
Forestar Group
FOR
+$184K

Sector Composition

Rank Sector Weight
1 Miscellaneous 56.34%
2 Technology 9.61%
3 Healthcare 7.75%
4 Financials 6.93%
5 Consumer Discretionary 5.2%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EFA icon
1
iShares MSCI EAFE ETF
EFA
$78.6B
$45.1M 30.16%
658,653
-114,887
-15% -$7.68M
SPY icon
2
State Street SPDR S&P 500 ETF Trust
SPY
$802B
$12.4M 8.3%
49,398
-29,903
-38% -$7.37M
IWP icon
3
iShares Russell Mid-Cap Growth ETF
IWP
$19.2B
$9.96M 6.66%
175,992
-8,380
-5% -$460K
IAU icon
4
iShares Gold Trust
IAU
$64.8B
$6M 4.01%
243,509
+19,311
+9% +$475K
EWJ icon
5
iShares MSCI Japan ETF
EWJ
$23.6B
$4.96M 3.31%
88,977
-3,657
-4% -$199K
VLO icon
6
Valero Energy
VLO
$115B
$4.82M 3.22%
62,691
+1,026
+2% +$70.7K
CAH icon
7
Cardinal Health
CAH
$53.2B
$4.3M 2.87%
64,222
+2,370
+4% +$168K
MDT icon
8
Medtronic
MDT
$118B
$4.13M 2.76%
53,054
+103
+0.2% +$8.55K
CSCO icon
9
Cisco
CSCO
$434B
$3.93M 2.63%
116,935
+1,620
+1% +$51.6K
INTC icon
10
Intel
INTC
$573B
$3.79M 2.53%
99,438
+1,679
+2% +$59.7K
PRU icon
11
Prudential Financial
PRU
$40.6B
$3.57M 2.38%
33,545
+679
+2% +$72.6K
GM icon
12
General Motors
GM
$76.3B
$3.49M 2.33%
86,378
+51
+0.1% +$1.86K
MET icon
13
MetLife
MET
$61.6B
$3.44M 2.3%
66,240
+98
+0.1% +$4.77K
ADP icon
14
Automatic Data Processing
ADP
$108B
$3.37M 2.25%
30,841
+264
+0.9% +$28.3K
LMT icon
15
Lockheed Martin
LMT
$124B
$3.34M 2.23%
10,761
+23
+0.2% +$6.86K
GLW icon
16
Corning
GLW
$130B
$3.28M 2.19%
109,696
+434
+0.4% +$12.9K
OEF icon
17
iShares S&P 100 ETF
OEF
$20.2B
$3.2M 2.14%
28,762
– –
CVS icon
18
CVS Health
CVS
$117B
$3.17M 2.12%
38,965
+659
+2% +$52.1K
BLK icon
19
Blackrock
BLK
$163B
$3.07M 2.05%
6,858
+28
+0.4% +$12K
CCL icon
20
Carnival Corporation Ltd
CCL
$30.7B
$2.58M 1.72%
39,946
+15
+0% +$1K
HON icon
21
Honeywell
HON
$65.4B
$2.47M 1.65%
19,261
+38
+0.2% +$4.71K
NSC icon
22
Norfolk Southern
NSC
$71.3B
$1.88M 1.26%
14,197
+136
+1% +$16.5K
MCD icon
23
McDonald's
MCD
$176B
$1.71M 1.14%
10,908
+3
+0% +$470
KMB icon
24
Kimberly-Clark
KMB
$32.8B
$1.59M 1.07%
13,535
+181
+1% +$22.1K
VZ icon
25
Verizon
VZ
$204B
$1.59M 1.06%
32,172
+759
+2% +$35.7K
1
2

Similar funds

MCPPUI
MIC Capital Partners (Public) (US) IM Al Maryah Island Abu Dhabi, United Arab Emirates $544M AUM 40.58% 1-Year Est. Return
BJ
Brouwer & Janachowski Mill Valley, California $574M AUM 24.29% 1-Year Est. Return
RC
Rinet Company Boston, Massachusetts $530M AUM 28.25% 1-Year Est. Return
GIA
Granite Investment Advisors Concord, New Hampshire $618M AUM 31.33% 1-Year Est. Return
DC
Derby & Company Newton, Massachusetts $495M AUM 23.75% 1-Year Est. Return
CAS
Cascadia Advisory Services Portland, Oregon $493M AUM
OHM
Ordinal Holdings ManageCo New York $485M AUM 6.17% 1-Year Est. Return
BCA
Berman Capital Advisors Atlanta, Georgia $636M AUM 30.04% 1-Year Est. Return

Covenant Multifamily Offices's Q3 2017 Portfolio in Review

As of Q3 2017, Covenant Multifamily Offices held 38 positions worth $150M, down 5.1% from $158M the previous quarter. Its ten largest holdings account for 66% of the portfolio.

Covenant Multifamily Offices withdrew a net $14M in Q3 2017, closing 1 position and reducing 5 holdings. Its most notable exit was Forestar Group, an estimated $184K position sold in full.

By sector, the portfolio is most concentrated in Miscellaneous at 56% of assets, down from 61% a quarter earlier, followed by Technology and Healthcare.

Against the trend, Covenant Multifamily Offices added an estimated $605K to Two Harbors Investment.

  • Covenant Multifamily Offices added most to Two Harbors Investment in Q3 2017, an estimated $605K increase.
  • Covenant Multifamily Offices's biggest Q3 2017 reduction was iShares MSCI EAFE ETF, cutting an estimated $7.68M.
  • Covenant Multifamily Offices fully exited Forestar Group in Q3 2017, selling an estimated $184K.
  • Covenant Multifamily Offices's ten largest holdings make up 66% of its $150M portfolio in Q3 2017.
  • Covenant Multifamily Offices opened 0 new positions and closed 1 in Q3 2017.
  • Covenant Multifamily Offices's portfolio value fell 5.1% quarter-over-quarter to $150M.

Based on Covenant Multifamily Offices's 13F filing for Q3 2017, filed 9 Nov 2017.