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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
-20.23%
1 Year Est. Return
+25.75%
3 Year Est. Return
+38.34%
5 Year Est. Return
+79.2%
10 Year Est. Return
–
AUM
$397M
AUM Growth
-$188M
Cap. Flow
-$106M
Cap. Flow %
-26.76%
Top 10 Hldgs %
74.01%
Holding
200
New
12
Increased
38
Reduced
61
Closed
87

Top Buys

Rank Stock Value
1
IGV icon
iShares Expanded Tech-Software Sector ETF
IGV
+$30.6M
2
VIG icon
Vanguard Dividend Appreciation ETF
VIG
+$25.5M
3
OEF icon
iShares S&P 100 ETF
OEF
+$18.9M
4
CSCO icon
Cisco
CSCO
+$2.58M
5
HPQ icon
HP
HPQ
+$2.11M

Top Sells

Rank Stock Value
1
VEA icon
Vanguard FTSE Developed Markets ETF
VEA
+$25M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$10.1M
3
SCHP icon
Schwab US TIPS ETF
SCHP
+$8.17M
4
IEFA icon
iShares Core MSCI EAFE ETF
IEFA
+$7.31M
5
EW icon
Edwards Lifesciences
EW
+$7.12M

Sector Composition

Rank Sector Weight
1 Communication Services 18.35%
2 Technology 4.11%
3 Healthcare 3.07%
4 Financials 2.19%
5 Consumer Discretionary 2.04%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
T icon
1
AT&T
T
$159B
$68.4M 17.21%
3,105,062
-218,716
-7% -$5.98M
VIG icon
2
Vanguard Dividend Appreciation ETF
VIG
$111B
$68M 17.11%
657,494
+213,289
+48% +$25.5M
QUAL icon
3
iShares MSCI USA Quality Factor ETF
QUAL
$46.4B
$47.4M 11.93%
584,904
+16,861
+3% +$1.61M
SPY icon
4
State Street SPDR S&P 500 ETF Trust
SPY
$790B
$39.4M 9.91%
152,744
-32,980
-18% -$10.1M
IGV icon
5
iShares Expanded Tech-Software Sector ETF
IGV
$12.7B
$27.2M 6.86%
+647,625
New +$30.6M
OEF icon
6
iShares S&P 100 ETF
OEF
$20.1B
$21.7M 5.45%
185,882
+137,118
+281% +$18.9M
IWP icon
7
iShares Russell Mid-Cap Growth ETF
IWP
$19.8B
$9.74M 2.45%
160,196
-73,230
-31% -$5.34M
IVV icon
8
iShares Core S&P 500 ETF
IVV
$878B
$5.04M 1.27%
19,523
+634
+3% +$194K
FNDB icon
9
Schwab Fundamental US Broad Market Index ETF
FNDB
$1.42B
$3.73M 0.94%
364,140
-24,126
-6% -$310K
IWV icon
10
iShares Russell 3000 ETF
IWV
$19.6B
$3.5M 0.88%
23,560
-10,260
-30% -$1.83M
DJP icon
11
iPath Bloomberg Commodity Index Total Return ETN due 12 June 2036
DJP
$800M
$3.48M 0.88%
210,334
+34,048
+19% +$690K
GBIL icon
12
Goldman Sachs Access Treasury 0-1 Year ETF
GBIL
$7.64B
$3.28M 0.83%
32,538
-13,761
-30% -$1.38M
ABBV icon
13
AbbVie
ABBV
$443B
$3.17M 0.8%
41,538
-11,187
-21% -$953K
XOM icon
14
ExxonMobil
XOM
$644B
$3.11M 0.78%
81,884
+698
+0.9% +$38.5K
IBM icon
15
IBM
IBM
$211B
$3.11M 0.78%
29,301
-11,258
-28% -$1.42M
IVW icon
16
iShares S&P 500 Growth ETF
IVW
$73.8B
$2.88M 0.73%
69,916
-9,372
-12% -$443K
WBA
17
DELISTED
Walgreens Boots Alliance
WBA
$2.82M 0.71%
61,547
+29,876
+94% +$1.52M
PRU icon
18
Prudential Financial
PRU
$42.4B
$2.5M 0.63%
47,992
+16,367
+52% +$1.3M
CSCO icon
19
Cisco
CSCO
$457B
$2.49M 0.63%
63,437
+58,790
+1,265% +$2.58M
VZ icon
20
Verizon
VZ
$195B
$2.28M 0.57%
42,389
-6,150
-13% -$352K
GILD icon
21
Gilead Sciences
GILD
$162B
$2.26M 0.57%
30,289
-33,070
-52% -$2.29M
DAL icon
22
Delta Air Lines
DAL
$57.5B
$2.05M 0.52%
71,814
+24,458
+52% +$1.21M
SCHE icon
23
Schwab Emerging Markets Equity ETF
SCHE
$12.6B
$1.98M 0.5%
95,652
+18,737
+24% +$469K
BLK icon
24
Blackrock
BLK
$169B
$1.97M 0.5%
4,478
+3,437
+330% +$1.69M
AAPL icon
25
Apple
AAPL
$4.54T
$1.95M 0.49%
30,720
+6,900
+29% +$507K
1
2 3 4 5

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Covenant Multifamily Offices's Q1 2020 Portfolio in Review

As of Q1 2020, Covenant Multifamily Offices held 200 positions worth $397M, down 32% from $586M the previous quarter. Its ten largest holdings account for 74% of the portfolio.

Covenant Multifamily Offices withdrew a net $106M in Q1 2020, closing 87 positions and reducing 61 holdings. Its most notable exit was Southern Company, an estimated $5.76M position sold in full.

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

Against the trend, Covenant Multifamily Offices opened a new position in iShares Expanded Tech-Software Sector ETF worth $27.2M.

  • Covenant Multifamily Offices's largest Q1 2020 buy was iShares Expanded Tech-Software Sector ETF: 647,625 shares worth $27.2M.
  • Covenant Multifamily Offices added most to Vanguard Dividend Appreciation ETF in Q1 2020, an estimated $25.5M increase.
  • Covenant Multifamily Offices's biggest Q1 2020 reduction was Vanguard FTSE Developed Markets ETF, cutting an estimated $25M.
  • Covenant Multifamily Offices fully exited Southern Company in Q1 2020, selling an estimated $5.76M.
  • Covenant Multifamily Offices's ten largest holdings make up 74% of its $397M portfolio in Q1 2020.
  • Covenant Multifamily Offices opened 12 new positions and closed 87 in Q1 2020.
  • Covenant Multifamily Offices's portfolio value fell 32% quarter-over-quarter to $397M.

Based on Covenant Multifamily Offices's 13F filing for Q1 2020, filed 5 May 2020.