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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
+6.22%
1 Year Est. Return
+25.75%
3 Year Est. Return
+38.34%
5 Year Est. Return
+79.2%
10 Year Est. Return
–
AUM
$586M
AUM Growth
+$120M
Cap. Flow
+$213M
Cap. Flow %
36.4%
Top 10 Hldgs %
58.34%
Holding
192
New
52
Increased
102
Reduced
32
Closed
4

Top Buys

Rank Stock Value
1
DVA icon
DaVita
DVA
+$24.1M
2
FDX icon
FedEx
FDX
+$20.4M
3
RTN
Raytheon Company
RTN
+$16.3M
4
SO icon
Southern Company
SO
+$10.5M
5
MMM icon
3M
MMM
+$9.57M

Top Sells

Rank Stock Value
1
FNDX icon
Schwab Fundamental US Large Company Index ETF
FNDX
+$1.96M
2
MSFT icon
Microsoft
MSFT
+$1.39M
3
GDXJ icon
VanEck Junior Gold Miners ETF
GDXJ
+$991K
4
GLW icon
Corning
GLW
+$812K
5
IAU icon
iShares Gold Trust
IAU
+$463K

Sector Composition

Rank Sector Weight
1 Communication Services 18.14%
2 Healthcare 4.54%
3 Consumer Discretionary 3.75%
4 Technology 3.37%
5 Industrials 3.31%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
T icon
1
AT&T
T
$159B
$95.2M 16.26%
3,323,778
+134,760
+4% +$3.89M
SPY icon
2
State Street SPDR S&P 500 ETF Trust
SPY
$790B
$59.8M 10.21%
185,724
+11,920
+7% +$3.67M
QUAL icon
3
iShares MSCI USA Quality Factor ETF
QUAL
$46.4B
$57.4M 9.8%
568,043
+2,185
+0.4% +$210K
VIG icon
4
Vanguard Dividend Appreciation ETF
VIG
$111B
$55.4M 9.45%
444,205
+11,593
+3% +$1.4M
VEA icon
5
Vanguard FTSE Developed Markets ETF
VEA
$229B
$27.2M 4.65%
634,046
+4,567
+0.7% +$195K
IWP icon
6
iShares Russell Mid-Cap Growth ETF
IWP
$19.8B
$17.7M 3.03%
233,426
+5,006
+2% +$367K
IEFA icon
7
iShares Core MSCI EAFE ETF
IEFA
$190B
$10.4M 1.78%
159,515
+43,903
+38% +$2.78M
SCHP icon
8
Schwab US TIPS ETF
SCHP
$16.3B
$6.6M 1.13%
299,422
+259,238
+645% +$7.35M
IVV icon
9
iShares Core S&P 500 ETF
IVV
$878B
$6.11M 1.04%
18,889
+4,855
+35% +$1.5M
IWV icon
10
iShares Russell 3000 ETF
IWV
$19.6B
$5.85M 1%
33,820
+4,832
+17% +$871K
SO icon
11
Southern Company
SO
$109B
$5.76M 0.98%
+170,214
New +$10.5M
SCHF icon
12
Schwab International Equity ETF
SCHF
$66.6B
$5.68M 0.97%
337,868
+1,600
+0.5% +$26.3K
XOM icon
13
ExxonMobil
XOM
$644B
$5.67M 0.97%
81,186
-3,859
-5% -$267K
GM icon
14
General Motors
GM
$80.4B
$5.57M 0.95%
158,496
+50,689
+47% +$1.84M
FNDB icon
15
Schwab Fundamental US Broad Market Index ETF
FNDB
$1.42B
$5.45M 0.93%
388,266
-10,188
-3% -$138K
IBM icon
16
IBM
IBM
$211B
$5.2M 0.89%
40,559
+11,746
+41% +$1.53M
OEF icon
17
iShares S&P 100 ETF
OEF
$20.1B
$5.04M 0.86%
48,764
+20,002
+70% +$2.75M
GBIL icon
18
Goldman Sachs Access Treasury 0-1 Year ETF
GBIL
$7.64B
$4.15M 0.71%
46,299
+13,761
+42% +$1.38M
GILD icon
19
Gilead Sciences
GILD
$162B
$4.12M 0.7%
63,359
+29,318
+86% +$1.91M
DJP icon
20
iPath Bloomberg Commodity Index Total Return ETN due 12 June 2036
DJP
$800M
$4.03M 0.69%
176,286
-9,823
-5% -$218K
RTN
21
DELISTED
Raytheon Company
RTN
$3.97M 0.68%
85,404
+76,972
+913% +$16.3M
SYY icon
22
Sysco
SYY
$40.8B
$3.84M 0.66%
50,986
+18,357
+56% +$1.49M
IVW icon
23
iShares S&P 500 Growth ETF
IVW
$73.8B
$3.68M 0.63%
79,288
+9,372
+13% +$434K
ABBV icon
24
AbbVie
ABBV
$443B
$3.35M 0.57%
52,725
+30,571
+138% +$2.54M
IEMG icon
25
iShares Core MSCI Emerging Markets ETF
IEMG
$150B
$3.22M 0.55%
59,918
+26,975
+82% +$1.39M
1
2 3 4 5

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Covenant Multifamily Offices's Q4 2019 Portfolio in Review

As of Q4 2019, Covenant Multifamily Offices held 192 positions worth $586M, up 26% from $465M the previous quarter. Its ten largest holdings account for 58% of the portfolio.

Covenant Multifamily Offices deployed $213M of net new capital in Q4 2019, opening 52 new positions and adding to 102 existing holdings. Its largest new stake was DaVita: 363,795 shares worth $2.68M.

By sector, the portfolio is most concentrated in Communication Services at 18% of assets, down from 21% a quarter earlier, followed by Healthcare and Consumer Discretionary.

On the sell side, the largest reduction was Microsoft, an estimated $1.39M trimmed.

  • Covenant Multifamily Offices's largest Q4 2019 buy was DaVita: 363,795 shares worth $2.68M.
  • Covenant Multifamily Offices added most to Raytheon Company in Q4 2019, an estimated $16.3M increase.
  • Covenant Multifamily Offices's biggest Q4 2019 reduction was Microsoft, cutting an estimated $1.39M.
  • Covenant Multifamily Offices fully exited Schwab Fundamental US Large Company Index ETF in Q4 2019, selling an estimated $1.96M.
  • Covenant Multifamily Offices's ten largest holdings make up 58% of its $586M portfolio in Q4 2019.
  • Covenant Multifamily Offices opened 52 new positions and closed 4 in Q4 2019.
  • Covenant Multifamily Offices's portfolio value rose 26% quarter-over-quarter to $586M.

Based on Covenant Multifamily Offices's 13F filing for Q4 2019, filed 31 Jan 2020.