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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
-1.15%
1 Year Est. Return
+25.75%
3 Year Est. Return
+38.34%
5 Year Est. Return
+79.2%
10 Year Est. Return
–
AUM
$167M
AUM Growth
+$14.5M
(+9.5%)
Cap. Flow
+$17.3M
Cap. Flow
% of AUM
10.39%
Top 10 Holdings %
Top 10 Hldgs %
63.69%
Holding
146
New
20
Increased
12
Reduced
12
Closed
95
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI USA Quality Factor ETF
QUAL
|
+$21.9M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$20.1M |
| 3 |
Cardinal Health
CAH
|
+$3.85M |
| 4 |
HP
HPQ
|
+$3.82M |
| 5 |
KLA
KLAC
|
+$3.81M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI EAFE ETF
EFA
|
+$22.3M |
| 2 |
Valero Energy
VLO
|
+$5.18M |
| 3 |
Simmons First National
SFNC
|
+$5.13M |
| 4 |
Cisco
CSCO
|
+$4.37M |
| 5 |
Equity Bancshares
EQBK
|
+$4.19M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 10.64% |
| 2 | Healthcare | 5.91% |
| 3 | Industrials | 5.78% |
| 4 | Consumer Discretionary | 4.98% |
| 5 | Energy | 4.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
State Street SPDR S&P 500 ETF Trust
SPY
$790B
| $29.8M | 17.91% |
113,389
+73,828
| +187% | +$20.1M |
|
|
2
iShares MSCI USA Quality Factor ETF
QUAL
$46.4B
| $21.4M | 12.83% |
+258,332
| New | +$21.9M |
|
|
3
iShares MSCI EAFE ETF
EFA
$78B
| $20.9M | 12.53% |
299,510
-312,265
| -51% | -$22.3M |
|
4
iShares Russell Mid-Cap Growth ETF
IWP
$19.8B
| $9.57M | 5.74% |
155,690
-12,254
| -7% | -$765K |
|
5
iShares MSCI Japan ETF
EWJ
$21.9B
| $5.43M | 3.26% |
89,570
| – | – |
|
6
iShares S&P 100 ETF
OEF
$20.1B
| $4.06M | 2.44% |
35,032
+6,270
| +22% | +$760K |
|
7
Intel
INTC
$455B
| $4.01M | 2.41% |
77,086
-16,987
| -18% | -$807K |
|
|
8
KLA
KLAC
$239B
| $3.73M | 2.24% |
+342,350
| New | +$3.81M |
|
|
9
HP
HPQ
$24.9B
| $3.71M | 2.23% |
+169,252
| New | +$3.82M |
|
|
10
Cardinal Health
CAH
$53.9B
| $3.52M | 2.11% |
+56,093
| New | +$3.85M |
|
11
IBM
IBM
$211B
| $3.46M | 2.08% |
+23,567
| New | +$3.57M |
|
12
Medtronic
MDT
$109B
| $3.38M | 2.03% |
42,082
-7,169
| -15% | -$591K |
|
13
Lockheed Martin
LMT
$134B
| $3.29M | 1.97% |
9,735
-470
| -5% | -$160K |
|
|
WBA
14
DELISTED
Walgreens Boots Alliance
WBA
| $2.95M | 1.77% |
+45,070
| New | +$3.22M |
|
15
MetLife
MET
$61.9B
| $2.91M | 1.74% |
63,339
+660
| +1% | +$32K |
|
16
General Motors
GM
$80.4B
| $2.87M | 1.72% |
79,061
-2,105
| -3% | -$85.4K |
|
17
Cummins
CMI
$87.5B
| $2.86M | 1.72% |
+17,652
| New | +$3.03M |
|
18
iShares Gold Trust
IAU
$62.9B
| $2.55M | 1.53% |
100,032
-7,636
| -7% | -$195K |
|
19
SLB Ltd
SLB
$73.6B
| $2.5M | 1.5% |
+38,665
| New | +$2.7M |
|
20
Carnival Corporation Ltd
CCL
$38.1B
| $2.46M | 1.47% |
37,442
+134
| +0.4% | +$9.11K |
|
21
ExxonMobil
XOM
$644B
| $2.38M | 1.43% |
+31,915
| New | +$2.55M |
|
22
Conagra Brands
CAG
$6.94B
| $2.2M | 1.32% |
+59,722
| New | +$2.2M |
|
23
Goldman Sachs Access Treasury 0-1 Year ETF
GBIL
$7.64B
| $2.18M | 1.31% |
21,761
+7,261
| +50% | +$726K |
|
24
Omnicom Group
OMC
$21.6B
| $2.15M | 1.29% |
+29,533
| New | +$2.21M |
|
25
Principal Financial Group
PFG
$24.3B
| $1.85M | 1.11% |
+30,338
| New | +$2M |
|
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Covenant Multifamily Offices's Q1 2018 Portfolio in Review
As of Q1 2018, Covenant Multifamily Offices held 146 positions worth $167M, up 9.5% from $152M the previous quarter. Its ten largest holdings account for 64% of the portfolio.
Covenant Multifamily Offices deployed $17.3M of net new capital in Q1 2018, opening 20 new positions and adding to 12 existing holdings. Its largest new stake was iShares MSCI USA Quality Factor ETF: 258,332 shares worth $21.4M.
By sector, the portfolio is most concentrated in Technology at 11% of assets, up from 10% a quarter earlier, followed by Healthcare and Industrials.
On the sell side, the largest reduction was iShares MSCI EAFE ETF, an estimated $22.3M trimmed.
- Covenant Multifamily Offices's largest Q1 2018 buy was iShares MSCI USA Quality Factor ETF: 258,332 shares worth $21.4M.
- Covenant Multifamily Offices added most to State Street SPDR S&P 500 ETF Trust in Q1 2018, an estimated $20.1M increase.
- Covenant Multifamily Offices's biggest Q1 2018 reduction was iShares MSCI EAFE ETF, cutting an estimated $22.3M.
- Covenant Multifamily Offices fully exited Simmons First National in Q1 2018, selling an estimated $5.13M.
- Covenant Multifamily Offices's ten largest holdings make up 64% of its $167M portfolio in Q1 2018.
- Covenant Multifamily Offices opened 20 new positions and closed 95 in Q1 2018.
- Covenant Multifamily Offices's portfolio value rose 9.5% quarter-over-quarter to $167M.
Based on Covenant Multifamily Offices's 13F filing for Q1 2018, filed 23 Apr 2018.