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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
+6.19%
1 Year Est. Return
+25.75%
3 Year Est. Return
+38.34%
5 Year Est. Return
+79.2%
10 Year Est. Return
–
AUM
$509M
AUM Growth
+$1.62M
Cap. Flow
-$26.3M
Cap. Flow %
-5.17%
Top 10 Hldgs %
73.58%
Holding
162
New
6
Increased
29
Reduced
76
Closed
32

Top Buys

Rank Stock Value
1
VEA icon
Vanguard FTSE Developed Markets ETF
VEA
+$4.06M
2
IGV icon
iShares Expanded Tech-Software Sector ETF
IGV
+$1.83M
3
VIG icon
Vanguard Dividend Appreciation ETF
VIG
+$1.39M
4
XLF icon
State Street Financial Select Sector SPDR ETF
XLF
+$1.31M
5
QUAL icon
iShares MSCI USA Quality Factor ETF
QUAL
+$955K

Top Sells

Rank Stock Value
1
EEM icon
iShares MSCI Emerging Markets ETF
EEM
+$7.02M
2
VTV icon
Vanguard Morningstar Value ETF
VTV
+$4.23M
3
AVGO icon
Broadcom
AVGO
+$1.94M
4
XLU icon
State Street Utilities Select Sector SPDR ETF
XLU
+$1.33M
5
T icon
AT&T
T
+$1.07M

Sector Composition

Rank Sector Weight
1 Communication Services 14.16%
2 Technology 4.2%
3 Healthcare 2.43%
4 Consumer Discretionary 2.37%
5 Financials 2.34%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VIG icon
1
Vanguard Dividend Appreciation ETF
VIG
$111B
$88.3M 17.35%
686,008
+11,020
+2% +$1.39M
T icon
2
AT&T
T
$159B
$66.5M 13.08%
3,089,839
-48,071
-2% -$1.07M
QUAL icon
3
iShares MSCI USA Quality Factor ETF
QUAL
$46.4B
$61.5M 12.08%
592,463
+9,328
+2% +$955K
SPY icon
4
State Street SPDR S&P 500 ETF Trust
SPY
$790B
$52M 10.22%
155,326
-391
-0.3% -$130K
IGV icon
5
iShares Expanded Tech-Software Sector ETF
IGV
$12.7B
$45.6M 8.96%
732,385
+30,470
+4% +$1.83M
OEF icon
6
iShares S&P 100 ETF
OEF
$20.1B
$28.6M 5.62%
183,540
+3,479
+2% +$535K
IWP icon
7
iShares Russell Mid-Cap Growth ETF
IWP
$19.8B
$14.1M 2.77%
162,802
+2,402
+1% +$203K
IVV icon
8
iShares Core S&P 500 ETF
IVV
$878B
$7.97M 1.57%
23,710
+2,641
+13% +$879K
VB icon
9
Vanguard Morningstar Small-Cap ETF
VB
$79.5B
$5.49M 1.08%
35,661
+1,458
+4% +$224K
VEA icon
10
Vanguard FTSE Developed Markets ETF
VEA
$229B
$4.44M 0.87%
108,485
+98,865
+1,028% +$4.06M
DJP icon
11
iPath Bloomberg Commodity Index Total Return ETN due 12 June 2036
DJP
$800M
$4.18M 0.82%
214,511
-34,195
-14% -$658K
VBR icon
12
Vanguard Morningstar Small-Cap Value ETF
VBR
$37.1B
$4.16M 0.82%
37,554
+210
+0.6% +$23.5K
IVW icon
13
iShares S&P 500 Growth ETF
IVW
$73.8B
$4.04M 0.79%
69,916
– –
IWV icon
14
iShares Russell 3000 ETF
IWV
$19.6B
$3.79M 0.75%
19,370
-63
-0.3% -$12.2K
IBM icon
15
IBM
IBM
$211B
$3.35M 0.66%
28,839
-1,313
-4% -$155K
PRU icon
16
Prudential Financial
PRU
$42.4B
$3.29M 0.65%
51,814
-2,824
-5% -$186K
AAPL icon
17
Apple
AAPL
$4.54T
$3.28M 0.65%
28,337
-2,691
-9% -$294K
GBIL icon
18
Goldman Sachs Access Treasury 0-1 Year ETF
GBIL
$7.64B
$3.27M 0.64%
32,538
– –
ABBV icon
19
AbbVie
ABBV
$443B
$3.17M 0.62%
36,156
-2,514
-7% -$237K
MDT icon
20
Medtronic
MDT
$109B
$2.91M 0.57%
27,991
-4,930
-15% -$495K
BLK icon
21
Blackrock
BLK
$169B
$2.85M 0.56%
5,062
-233
-4% -$133K
FSKR
22
DELISTED
FS KKR Capital Corp. II
FSKR
$2.79M 0.55%
189,669
+22,928
+14% +$328K
CSCO icon
23
Cisco
CSCO
$457B
$2.69M 0.53%
68,153
-2,411
-3% -$105K
WBA
24
DELISTED
Walgreens Boots Alliance
WBA
$2.61M 0.51%
72,683
+1,438
+2% +$56.2K
MSFT icon
25
Microsoft
MSFT
$3.45T
$2.57M 0.5%
12,202
-2,548
-17% -$535K
1
2 3 4 5

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Covenant Multifamily Offices's Q3 2020 Portfolio in Review

As of Q3 2020, Covenant Multifamily Offices held 162 positions worth $509M, up 0.32% from $507M the previous quarter. Its ten largest holdings account for 74% of the portfolio.

Covenant Multifamily Offices withdrew a net $26.3M in Q3 2020, closing 32 positions and reducing 76 holdings. Its most notable exit was Broadcom, an estimated $1.94M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 14% of assets, down from 15% a quarter earlier, followed by Technology and Healthcare.

Against the trend, Covenant Multifamily Offices opened a new position in State Street Financial Select Sector SPDR ETF worth $1.3M.

  • Covenant Multifamily Offices's largest Q3 2020 buy was State Street Financial Select Sector SPDR ETF: 54,021 shares worth $1.3M.
  • Covenant Multifamily Offices added most to Vanguard FTSE Developed Markets ETF in Q3 2020, an estimated $4.06M increase.
  • Covenant Multifamily Offices's biggest Q3 2020 reduction was iShares MSCI Emerging Markets ETF, cutting an estimated $7.02M.
  • Covenant Multifamily Offices fully exited Broadcom in Q3 2020, selling an estimated $1.94M.
  • Covenant Multifamily Offices's ten largest holdings make up 74% of its $509M portfolio in Q3 2020.
  • Covenant Multifamily Offices opened 6 new positions and closed 32 in Q3 2020.
  • Covenant Multifamily Offices's portfolio value rose 0.32% quarter-over-quarter to $509M.

Based on Covenant Multifamily Offices's 13F filing for Q3 2020, filed 10 Nov 2020.