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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
+3.7%
1 Year Est. Return
+25.75%
3 Year Est. Return
+38.34%
5 Year Est. Return
+79.2%
10 Year Est. Return
–
AUM
$456M
AUM Growth
+$147M
Cap. Flow
+$133M
Cap. Flow %
29.25%
Top 10 Hldgs %
68.3%
Holding
290
New
67
Increased
56
Reduced
11
Closed
148

Top Buys

Rank Stock Value
1
T icon
AT&T
T
+$77.1M
2
VIG icon
Vanguard Dividend Appreciation ETF
VIG
+$5.99M
3
FNDB icon
Schwab Fundamental US Broad Market Index ETF
FNDB
+$4.73M
4
SCHF icon
Schwab International Equity ETF
SCHF
+$4.68M
5
DJP icon
iPath Bloomberg Commodity Index Total Return ETN due 12 June 2036
DJP
+$3.89M

Top Sells

Rank Stock Value
1
VHT icon
Vanguard Health Care ETF
VHT
+$12.4M
2
VEA icon
Vanguard FTSE Developed Markets ETF
VEA
+$10M
3
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$7.32M
4
IWP icon
iShares Russell Mid-Cap Growth ETF
IWP
+$3.67M
5
QCOM icon
Qualcomm
QCOM
+$1.21M

Sector Composition

Rank Sector Weight
1 Communication Services 19.63%
2 Energy 3.83%
3 Consumer Discretionary 3.15%
4 Technology 3.08%
5 Healthcare 3.04%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
T icon
1
AT&T
T
$159B
$81.4M 17.84%
+3,214,734
New +$77.1M
QUAL icon
2
iShares MSCI USA Quality Factor ETF
QUAL
$46.4B
$61.8M 13.54%
675,175
+41,127
+6% +$3.7M
SPY icon
3
State Street SPDR S&P 500 ETF Trust
SPY
$790B
$53.8M 11.8%
183,625
-25,407
-12% -$7.32M
VIG icon
4
Vanguard Dividend Appreciation ETF
VIG
$111B
$42.6M 9.33%
369,550
+53,423
+17% +$5.99M
VEA icon
5
Vanguard FTSE Developed Markets ETF
VEA
$229B
$33.2M 7.27%
796,626
-242,864
-23% -$10M
IWP icon
6
iShares Russell Mid-Cap Growth ETF
IWP
$19.8B
$16.3M 3.57%
228,114
-52,802
-19% -$3.67M
XOM icon
7
ExxonMobil
XOM
$644B
$7.14M 1.57%
93,218
+15,623
+20% +$1.21M
IEFA icon
8
iShares Core MSCI EAFE ETF
IEFA
$190B
$5.47M 1.2%
89,155
+26,414
+42% +$1.62M
IWV icon
9
iShares Russell 3000 ETF
IWV
$19.6B
$5.16M 1.13%
29,944
-1,093
-4% -$185K
FNDB icon
10
Schwab Fundamental US Broad Market Index ETF
FNDB
$1.42B
$4.8M 1.05%
+372,048
New +$4.73M
SCHF icon
11
Schwab International Equity ETF
SCHF
$66.6B
$4.74M 1.04%
+295,682
New +$4.68M
GM icon
12
General Motors
GM
$80.4B
$4.12M 0.9%
106,845
+1,698
+2% +$63.7K
DJP icon
13
iPath Bloomberg Commodity Index Total Return ETN due 12 June 2036
DJP
$800M
$3.88M 0.85%
+174,467
New +$3.89M
IBM icon
14
IBM
IBM
$211B
$3.76M 0.82%
28,496
+11,254
+65% +$1.48M
OEF icon
15
iShares S&P 100 ETF
OEF
$20.1B
$3.73M 0.82%
28,762
– –
GBIL icon
16
Goldman Sachs Access Treasury 0-1 Year ETF
GBIL
$7.64B
$3.27M 0.72%
32,538
+5,136
+19% +$515K
IVW icon
17
iShares S&P 500 Growth ETF
IVW
$73.8B
$3.13M 0.69%
69,916
-23,484
-25% -$1.03M
KMI icon
18
Kinder Morgan
KMI
$71.7B
$2.79M 0.61%
133,588
+85,887
+180% +$1.73M
VZ icon
19
Verizon
VZ
$195B
$2.79M 0.61%
48,769
+31,257
+178% +$1.8M
IVV icon
20
iShares Core S&P 500 ETF
IVV
$878B
$2.69M 0.59%
9,143
+3,267
+56% +$947K
GILD icon
21
Gilead Sciences
GILD
$162B
$2.28M 0.5%
+33,807
New +$2.22M
TXN icon
22
Texas Instruments
TXN
$252B
$2.27M 0.5%
19,751
+658
+3% +$73.6K
PID icon
23
Invesco International Dividend Achievers ETF
PID
$926M
$2.21M 0.49%
+135,453
New +$2.2M
SYY icon
24
Sysco
SYY
$40.8B
$2.18M 0.48%
+30,827
New +$2.19M
IJR icon
25
iShares Core S&P Small-Cap ETF
IJR
$109B
$2.18M 0.48%
27,806
+26,973
+3,238% +$2.09M
1
2 3 4 5

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Covenant Multifamily Offices's Q2 2019 Portfolio in Review

As of Q2 2019, Covenant Multifamily Offices held 290 positions worth $456M, up 48% from $309M the previous quarter. Its ten largest holdings account for 68% of the portfolio.

Covenant Multifamily Offices deployed $133M of net new capital in Q2 2019, opening 67 new positions and adding to 56 existing holdings. Its largest new stake was AT&T: 3,214,734 shares worth $81.4M.

By sector, the portfolio is most concentrated in Communication Services at 20% of assets, up from 1.4% a quarter earlier, followed by Energy and Consumer Discretionary.

On the sell side, the largest reduction was Vanguard FTSE Developed Markets ETF, an estimated $10M trimmed.

  • Covenant Multifamily Offices's largest Q2 2019 buy was AT&T: 3,214,734 shares worth $81.4M.
  • Covenant Multifamily Offices added most to Vanguard Dividend Appreciation ETF in Q2 2019, an estimated $5.99M increase.
  • Covenant Multifamily Offices's biggest Q2 2019 reduction was Vanguard FTSE Developed Markets ETF, cutting an estimated $10M.
  • Covenant Multifamily Offices fully exited Vanguard Health Care ETF in Q2 2019, selling an estimated $12.4M.
  • Covenant Multifamily Offices's ten largest holdings make up 68% of its $456M portfolio in Q2 2019.
  • Covenant Multifamily Offices opened 67 new positions and closed 148 in Q2 2019.
  • Covenant Multifamily Offices's portfolio value rose 48% quarter-over-quarter to $456M.

Based on Covenant Multifamily Offices's 13F filing for Q2 2019, filed 31 Jul 2019.