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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
-13.85%
1 Year Est. Return
+25.75%
3 Year Est. Return
+38.34%
5 Year Est. Return
+79.2%
10 Year Est. Return
–
AUM
$262M
AUM Growth
-$24.1M
Cap. Flow
+$14.1M
Cap. Flow %
5.37%
Top 10 Hldgs %
81.67%
Holding
76
New
28
Increased
6
Reduced
15
Closed
21

Top Buys

Rank Stock Value
1
VEA icon
Vanguard FTSE Developed Markets ETF
VEA
+$41.4M
2
VIG icon
Vanguard Dividend Appreciation ETF
VIG
+$31.6M
3
VHT icon
Vanguard Health Care ETF
VHT
+$12.1M
4
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$9.14M
5
IWV icon
iShares Russell 3000 ETF
IWV
+$4.64M

Top Sells

Rank Stock Value
1
IVV icon
iShares Core S&P 500 ETF
IVV
+$27.1M
2
EWJ icon
iShares MSCI Japan ETF
EWJ
+$13.9M
3
EFA icon
iShares MSCI EAFE ETF
EFA
+$12M
4
IWM icon
iShares Russell 2000 ETF
IWM
+$9.97M
5
QUAL icon
iShares MSCI USA Quality Factor ETF
QUAL
+$8.67M

Sector Composition

Rank Sector Weight
1 Energy 3.58%
2 Technology 2.88%
3 Healthcare 2.65%
4 Consumer Discretionary 2.17%
5 Financials 1.47%
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
$51.9M 19.85%
207,690
+33,883
+19% +$9.14M
QUAL icon
2
iShares MSCI USA Quality Factor ETF
QUAL
$46.4B
$46.9M 17.93%
610,769
-104,518
-15% -$8.67M
VEA icon
3
Vanguard FTSE Developed Markets ETF
VEA
$229B
$38.8M 14.83%
+1,045,717
New +$41.4M
VIG icon
4
Vanguard Dividend Appreciation ETF
VIG
$111B
$29.7M 11.35%
+303,200
New +$31.6M
IWP icon
5
iShares Russell Mid-Cap Growth ETF
IWP
$19.8B
$17.4M 6.65%
306,034
+1,512
+0.5% +$92K
VHT icon
6
Vanguard Health Care ETF
VHT
$18.1B
$11.4M 4.37%
+71,246
New +$12.1M
XOM icon
7
ExxonMobil
XOM
$644B
$5.33M 2.04%
78,141
-17,025
-18% -$1.34M
IVW icon
8
iShares S&P 500 Growth ETF
IVW
$73.8B
$4.38M 1.68%
116,400
-134,000
-54% -$5.42M
IWV icon
9
iShares Russell 3000 ETF
IWV
$19.6B
$4.29M 1.64%
+29,214
New +$4.64M
GM icon
10
General Motors
GM
$80.4B
$3.47M 1.33%
103,769
-12,523
-11% -$432K
OEF icon
11
iShares S&P 100 ETF
OEF
$20.1B
$3.21M 1.23%
28,762
-6,270
-18% -$755K
GBIL icon
12
Goldman Sachs Access Treasury 0-1 Year ETF
GBIL
$7.64B
$2.44M 0.93%
24,410
– –
IEFA icon
13
iShares Core MSCI EAFE ETF
IEFA
$190B
$2.05M 0.78%
37,270
+7,834
+27% +$460K
IBM icon
14
IBM
IBM
$211B
$1.84M 0.7%
+16,930
New +$2.03M
WBA
15
DELISTED
Walgreens Boots Alliance
WBA
$1.83M 0.7%
26,742
-3,815
-12% -$296K
TXN icon
16
Texas Instruments
TXN
$252B
$1.76M 0.67%
18,582
-2,624
-12% -$254K
BA icon
17
Boeing
BA
$171B
$1.71M 0.66%
+5,312
New +$1.84M
APA icon
18
APA Corp
APA
$13.2B
$1.54M 0.59%
58,755
+12,000
+26% +$443K
STT icon
19
State Street
STT
$50.6B
$1.49M 0.57%
+23,655
New +$1.69M
EEM icon
20
iShares MSCI Emerging Markets ETF
EEM
$28.8B
$1.48M 0.57%
38,001
+21,498
+130% +$861K
UNH icon
21
UnitedHealth
UNH
$376B
$1.4M 0.54%
+5,628
New +$1.49M
COR icon
22
Cencora
COR
$60.6B
$1.4M 0.53%
+18,785
New +$1.62M
OMC icon
23
Omnicom Group
OMC
$21.6B
$1.39M 0.53%
+18,942
New +$1.4M
CVS icon
24
CVS Health
CVS
$133B
$1.34M 0.51%
20,478
-10,192
-33% -$761K
ADP icon
25
Automatic Data Processing
ADP
$106B
$1.32M 0.5%
+10,050
New +$1.42M
1
2 3 4

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Covenant Multifamily Offices's Q4 2018 Portfolio in Review

As of Q4 2018, Covenant Multifamily Offices held 76 positions worth $262M, down 8.4% from $286M the previous quarter. Its ten largest holdings account for 82% of the portfolio.

Covenant Multifamily Offices deployed $14.1M of net new capital in Q4 2018, opening 28 new positions and adding to 6 existing holdings. Its largest new stake was Vanguard FTSE Developed Markets ETF: 1,045,717 shares worth $38.8M.

By sector, the portfolio is most concentrated in Energy at 3.6% of assets, down from 4.5% a quarter earlier, followed by Technology and Healthcare.

On the sell side, the largest reduction was iShares Core S&P 500 ETF, an estimated $27.1M trimmed.

  • Covenant Multifamily Offices's largest Q4 2018 buy was Vanguard FTSE Developed Markets ETF: 1,045,717 shares worth $38.8M.
  • Covenant Multifamily Offices added most to State Street SPDR S&P 500 ETF Trust in Q4 2018, an estimated $9.14M increase.
  • Covenant Multifamily Offices's biggest Q4 2018 reduction was iShares Core S&P 500 ETF, cutting an estimated $27.1M.
  • Covenant Multifamily Offices fully exited iShares MSCI Japan ETF in Q4 2018, selling an estimated $13.9M.
  • Covenant Multifamily Offices's ten largest holdings make up 82% of its $262M portfolio in Q4 2018.
  • Covenant Multifamily Offices opened 28 new positions and closed 21 in Q4 2018.
  • Covenant Multifamily Offices's portfolio value fell 8.4% quarter-over-quarter to $262M.

Based on Covenant Multifamily Offices's 13F filing for Q4 2018, filed 11 Feb 2019.