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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
+17.84%
1 Year Est. Return
+25.75%
3 Year Est. Return
+38.34%
5 Year Est. Return
+79.2%
10 Year Est. Return
–
AUM
$507M
AUM Growth
+$110M
Cap. Flow
+$42.8M
Cap. Flow %
8.43%
Top 10 Hldgs %
69.22%
Holding
164
New
51
Increased
60
Reduced
33
Closed
8

Top Buys

Rank Stock Value
1
EEM icon
iShares MSCI Emerging Markets ETF
EEM
+$5.39M
2
VTV icon
Vanguard Morningstar Value ETF
VTV
+$3.96M
3
VB icon
Vanguard Morningstar Small-Cap ETF
VB
+$3.81M
4
VBR icon
Vanguard Morningstar Small-Cap Value ETF
VBR
+$3.75M
5
IGV icon
iShares Expanded Tech-Software Sector ETF
IGV
+$2.72M

Top Sells

Rank Stock Value
1
FNDB icon
Schwab Fundamental US Broad Market Index ETF
FNDB
+$2.13M
2
DAL icon
Delta Air Lines
DAL
+$1.24M
3
PFE icon
Pfizer
PFE
+$789K
4
OEF icon
iShares S&P 100 ETF
OEF
+$783K
5
TFI icon
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
+$740K

Sector Composition

Rank Sector Weight
1 Communication Services 15.3%
2 Technology 4.89%
3 Healthcare 3.07%
4 Financials 2.87%
5 Consumer Discretionary 2.56%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VIG icon
1
Vanguard Dividend Appreciation ETF
VIG
$111B
$79.1M 15.59%
674,988
+17,494
+3% +$1.99M
T icon
2
AT&T
T
$159B
$71.6M 14.13%
3,137,910
+32,848
+1% +$748K
QUAL icon
3
iShares MSCI USA Quality Factor ETF
QUAL
$46.4B
$55.9M 11.03%
583,135
-1,769
-0.3% -$162K
SPY icon
4
State Street SPDR S&P 500 ETF Trust
SPY
$790B
$48M 9.47%
155,717
+2,973
+2% +$870K
IGV icon
5
iShares Expanded Tech-Software Sector ETF
IGV
$12.7B
$39.9M 7.87%
701,915
+54,290
+8% +$2.72M
OEF icon
6
iShares S&P 100 ETF
OEF
$20.1B
$25.6M 5.06%
180,061
-5,821
-3% -$783K
IWP icon
7
iShares Russell Mid-Cap Growth ETF
IWP
$19.8B
$12.7M 2.5%
160,400
+204
+0.1% +$14.8K
EEM icon
8
iShares MSCI Emerging Markets ETF
EEM
$28.8B
$6.63M 1.31%
165,749
+143,904
+659% +$5.39M
IVV icon
9
iShares Core S&P 500 ETF
IVV
$878B
$6.53M 1.29%
21,069
+1,546
+8% +$454K
VB icon
10
Vanguard Morningstar Small-Cap ETF
VB
$79.5B
$4.98M 0.98%
34,203
+28,394
+489% +$3.81M
DJP icon
11
iPath Bloomberg Commodity Index Total Return ETN due 12 June 2036
DJP
$800M
$4.38M 0.86%
248,706
+38,372
+18% +$647K
VTV icon
12
Vanguard Morningstar Value ETF
VTV
$188B
$4.33M 0.85%
43,476
+40,335
+1,284% +$3.96M
VBR icon
13
Vanguard Morningstar Small-Cap Value ETF
VBR
$37.1B
$3.99M 0.79%
+37,344
New +$3.75M
ABBV icon
14
AbbVie
ABBV
$443B
$3.8M 0.75%
38,670
-2,868
-7% -$253K
IVW icon
15
iShares S&P 500 Growth ETF
IVW
$73.8B
$3.63M 0.72%
69,916
– –
IWV icon
16
iShares Russell 3000 ETF
IWV
$19.6B
$3.5M 0.69%
19,433
-4,127
-18% -$699K
IBM icon
17
IBM
IBM
$211B
$3.48M 0.69%
30,152
+851
+3% +$98.8K
PRU icon
18
Prudential Financial
PRU
$42.4B
$3.33M 0.66%
54,638
+6,646
+14% +$390K
CSCO icon
19
Cisco
CSCO
$457B
$3.29M 0.65%
70,564
+7,127
+11% +$313K
GBIL icon
20
Goldman Sachs Access Treasury 0-1 Year ETF
GBIL
$7.64B
$3.27M 0.64%
32,538
– –
XOM icon
21
ExxonMobil
XOM
$644B
$3.19M 0.63%
71,315
-10,569
-13% -$474K
WBA
22
DELISTED
Walgreens Boots Alliance
WBA
$3.02M 0.6%
71,245
+9,698
+16% +$412K
MDT icon
23
Medtronic
MDT
$109B
$3.02M 0.6%
32,921
+13,158
+67% +$1.26M
MSFT icon
24
Microsoft
MSFT
$3.45T
$3M 0.59%
14,750
+5,491
+59% +$997K
BLK icon
25
Blackrock
BLK
$169B
$2.88M 0.57%
5,295
+817
+18% +$413K
1
2 3 4 5

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Covenant Multifamily Offices's Q2 2020 Portfolio in Review

As of Q2 2020, Covenant Multifamily Offices held 164 positions worth $507M, up 28% from $397M the previous quarter. Its ten largest holdings account for 69% of the portfolio.

Covenant Multifamily Offices deployed $42.8M of net new capital in Q2 2020, opening 51 new positions and adding to 60 existing holdings. Its largest new stake was Vanguard Morningstar Small-Cap Value ETF: 37,344 shares worth $3.99M.

By sector, the portfolio is most concentrated in Communication Services at 15% of assets, down from 18% a quarter earlier, followed by Technology and Healthcare.

On the sell side, the largest reduction was Schwab Fundamental US Broad Market Index ETF, an estimated $2.13M trimmed.

  • Covenant Multifamily Offices's largest Q2 2020 buy was Vanguard Morningstar Small-Cap Value ETF: 37,344 shares worth $3.99M.
  • Covenant Multifamily Offices added most to iShares MSCI Emerging Markets ETF in Q2 2020, an estimated $5.39M increase.
  • Covenant Multifamily Offices's biggest Q2 2020 reduction was Schwab Fundamental US Broad Market Index ETF, cutting an estimated $2.13M.
  • Covenant Multifamily Offices fully exited State Street SPDR Nuveen ICE Municipal Bond ETF in Q2 2020, selling an estimated $740K.
  • Covenant Multifamily Offices's ten largest holdings make up 69% of its $507M portfolio in Q2 2020.
  • Covenant Multifamily Offices opened 51 new positions and closed 8 in Q2 2020.
  • Covenant Multifamily Offices's portfolio value rose 28% quarter-over-quarter to $507M.

Based on Covenant Multifamily Offices's 13F filing for Q2 2020, filed 11 Aug 2020.