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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
+5.59%
1 Year Est. Return
+25.75%
3 Year Est. Return
+38.34%
5 Year Est. Return
+79.2%
10 Year Est. Return
–
AUM
$152M
AUM Growth
+$2.54M
Cap. Flow
-$4.71M
Cap. Flow %
-3.09%
Top 10 Hldgs %
63.43%
Holding
131
New
93
Increased
1
Reduced
25
Closed
5

Top Buys

Rank Stock Value
1
SFNC icon
Simmons First National
SFNC
+$5.16M
2
EQBK icon
Equity Bancshares
EQBK
+$4.11M
3
IWM icon
iShares Russell 2000 ETF
IWM
+$1.94M
4
GBIL icon
Goldman Sachs Access Treasury 0-1 Year ETF
GBIL
+$1.45M
5
BA icon
Boeing
BA
+$1.01M

Top Sells

Rank Stock Value
1
CAH icon
Cardinal Health
CAH
+$3.97M
2
IAU icon
iShares Gold Trust
IAU
+$3.33M
3
EFA icon
iShares MSCI EAFE ETF
EFA
+$3.26M
4
CVS icon
CVS Health
CVS
+$2.83M
5
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$2.56M

Sector Composition

Rank Sector Weight
1 Financials 13.08%
2 Technology 10.28%
3 Industrials 6.25%
4 Consumer Discretionary 5.09%
5 Energy 3.95%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EFA icon
1
iShares MSCI EAFE ETF
EFA
$78B
$43M 28.28%
611,775
-46,878
-7% -$3.26M
SPY icon
2
State Street SPDR S&P 500 ETF Trust
SPY
$790B
$10.6M 6.94%
39,561
-9,837
-20% -$2.56M
IWP icon
3
iShares Russell Mid-Cap Growth ETF
IWP
$19.8B
$10.1M 6.66%
167,944
-8,048
-5% -$473K
VLO icon
4
Valero Energy
VLO
$90.1B
$5.51M 3.63%
59,997
-2,694
-4% -$222K
EWJ icon
5
iShares MSCI Japan ETF
EWJ
$21.9B
$5.37M 3.53%
89,570
+593
+0.7% +$34.8K
SFNC icon
6
Simmons First National
SFNC
$3.41B
$5.13M 3.37%
+179,596
New +$5.16M
INTC icon
7
Intel
INTC
$455B
$4.34M 2.85%
94,073
-5,365
-5% -$234K
CSCO icon
8
Cisco
CSCO
$457B
$4.26M 2.8%
111,307
-5,628
-5% -$201K
EQBK icon
9
Equity Bancshares
EQBK
$1.04B
$4.19M 2.75%
+118,298
New +$4.11M
MDT icon
10
Medtronic
MDT
$109B
$3.98M 2.61%
49,251
-3,803
-7% -$305K
PRU icon
11
Prudential Financial
PRU
$42.4B
$3.66M 2.41%
31,815
-1,730
-5% -$194K
ADP icon
12
Automatic Data Processing
ADP
$106B
$3.42M 2.25%
29,170
-1,671
-5% -$191K
OEF icon
13
iShares S&P 100 ETF
OEF
$20.1B
$3.41M 2.24%
28,762
– –
BLK icon
14
Blackrock
BLK
$169B
$3.33M 2.19%
6,492
-366
-5% -$178K
GLW icon
15
Corning
GLW
$119B
$3.33M 2.19%
104,205
-5,491
-5% -$173K
GM icon
16
General Motors
GM
$80.4B
$3.33M 2.19%
81,166
-5,212
-6% -$226K
LMT icon
17
Lockheed Martin
LMT
$134B
$3.28M 2.15%
10,205
-556
-5% -$175K
MET icon
18
MetLife
MET
$61.9B
$3.17M 2.08%
62,679
-3,561
-5% -$188K
IAU icon
19
iShares Gold Trust
IAU
$62.9B
$2.69M 1.77%
107,668
-135,841
-56% -$3.33M
HON icon
20
Honeywell
HON
$77B
$2.53M 1.66%
18,263
-998
-5% -$134K
CCL icon
21
Carnival Corporation Ltd
CCL
$38.1B
$2.48M 1.63%
37,308
-2,638
-7% -$175K
IWM icon
22
iShares Russell 2000 ETF
IWM
$79.8B
$1.96M 1.29%
+12,885
New +$1.94M
NSC icon
23
Norfolk Southern
NSC
$75.4B
$1.96M 1.29%
13,491
-706
-5% -$94.8K
MCD icon
24
McDonald's
MCD
$192B
$1.78M 1.17%
10,356
-552
-5% -$92.7K
VZ icon
25
Verizon
VZ
$195B
$1.61M 1.06%
30,350
-1,822
-6% -$89.6K
1
2 3 4 5

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Covenant Multifamily Offices's Q4 2017 Portfolio in Review

As of Q4 2017, Covenant Multifamily Offices held 131 positions worth $152M, up 1.7% from $150M the previous quarter. Its ten largest holdings account for 63% of the portfolio.

Covenant Multifamily Offices withdrew a net $4.71M in Q4 2017, closing 5 positions and reducing 25 holdings. Its most notable exit was Cardinal Health, an estimated $3.97M position sold in full.

By sector, the portfolio is most concentrated in Financials at 13% of assets, up from 6.8% a quarter earlier, followed by Technology and Industrials.

Against the trend, Covenant Multifamily Offices opened a new position in Simmons First National worth $5.13M.

  • Covenant Multifamily Offices's largest Q4 2017 buy was Simmons First National: 179,596 shares worth $5.13M.
  • Covenant Multifamily Offices added most to iShares MSCI Japan ETF in Q4 2017, an estimated $34.8K increase.
  • Covenant Multifamily Offices's biggest Q4 2017 reduction was iShares Gold Trust, cutting an estimated $3.33M.
  • Covenant Multifamily Offices fully exited Cardinal Health in Q4 2017, selling an estimated $3.97M.
  • Covenant Multifamily Offices's ten largest holdings make up 63% of its $152M portfolio in Q4 2017.
  • Covenant Multifamily Offices opened 93 new positions and closed 5 in Q4 2017.
  • Covenant Multifamily Offices's portfolio value rose 1.7% quarter-over-quarter to $152M.

Based on Covenant Multifamily Offices's 13F filing for Q4 2017, filed 8 Feb 2018.