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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
+8.2%
1 Year Est. Return
+25.75%
3 Year Est. Return
+38.34%
5 Year Est. Return
+79.2%
10 Year Est. Return
–
AUM
$489M
AUM Growth
-$70.2M
(-13%)
Cap. Flow
-$102M
Cap. Flow
% of AUM
-20.94%
Top 10 Holdings %
Top 10 Hldgs %
59.2%
Holding
193
New
56
Increased
54
Reduced
56
Closed
10
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Texas Instruments
TXN
|
+$35.3M |
| 2 |
AT&T
T
|
+$14.4M |
| 3 |
Schwab Fundamental US Large Company Index ETF
FNDX
|
+$8.45M |
| 4 |
State Street Financial Select Sector SPDR ETF
XLF
|
+$5.75M |
| 5 |
Goldman Sachs ActiveBeta Emerging Markets Equity ETF
GEM
|
+$4.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$51.7M |
| 2 |
Vanguard Dividend Appreciation ETF
VIG
|
+$37.3M |
| 3 |
iShares MSCI USA Quality Factor ETF
QUAL
|
+$29.4M |
| 4 |
iShares Expanded Tech-Software Sector ETF
IGV
|
+$26.1M |
| 5 |
iShares S&P 100 ETF
OEF
|
+$21M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 18.32% |
| 2 | Technology | 14.48% |
| 3 | Financials | 5.03% |
| 4 | Energy | 3.65% |
| 5 | Consumer Discretionary | 3.59% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
AT&T
T
$159B
| $82M | 16.77% |
3,587,841
+650,501
| +22% | +$14.4M |
|
|
2
Vanguard Dividend Appreciation ETF
VIG
$111B
| $59.5M | 12.15% |
404,268
-262,519
| -39% | -$37.3M |
|
|
3
Texas Instruments
TXN
$252B
| $41.8M | 8.54% |
221,059
+203,409
| +1,152% | +$35.3M |
|
|
4
iShares MSCI USA Quality Factor ETF
QUAL
$46.4B
| $33.6M | 6.87% |
276,095
-249,067
| -47% | -$29.4M |
|
|
5
iShares Expanded Tech-Software Sector ETF
IGV
$12.7B
| $24.3M | 4.97% |
355,970
-368,180
| -51% | -$26.1M |
|
|
6
iShares S&P 100 ETF
OEF
$20.1B
| $12.4M | 2.53% |
68,879
-118,840
| -63% | -$21M |
|
7
iShares Core S&P 500 ETF
IVV
$878B
| $9.85M | 2.01% |
24,751
-2,431
| -9% | -$941K |
|
|
8
Schwab Fundamental US Large Company Index ETF
FNDX
$26.7B
| $9.79M | 2% |
568,233
+518,517
| +1,043% | +$8.45M |
|
|
9
State Street SPDR S&P 500 ETF Trust
SPY
$790B
| $8.5M | 1.74% |
21,454
-134,130
| -86% | -$51.7M |
|
|
10
State Street Financial Select Sector SPDR ETF
XLF
$56.7B
| $7.95M | 1.62% |
233,344
+179,154
| +331% | +$5.75M |
|
11
Apple
AAPL
$4.54T
| $5.64M | 1.15% |
46,214
+21,062
| +84% | +$2.7M |
|
12
Vanguard FTSE Developed Markets ETF
VEA
$229B
| $5.3M | 1.08% |
107,985
-89,996
| -45% | -$4.4M |
|
13
iShares Russell 3000 ETF
IWV
$19.6B
| $4.34M | 0.89% |
18,289
-94
| -0.5% | -$21.8K |
|
|
14
Goldman Sachs ActiveBeta Emerging Markets Equity ETF
GEM
$1.67B
| $4.13M | 0.84% |
+104,684
| New | +$4.2M |
|
|
NS
15
DELISTED
NuStar Energy L.P.
NS
| $4.12M | 0.84% |
+241,157
| New | +$4.1M |
|
16
IBM
IBM
$211B
| $4.08M | 0.83% |
32,001
+1,842
| +6% | +$220K |
|
17
AbbVie
ABBV
$443B
| $3.96M | 0.81% |
36,609
+223
| +0.6% | +$23.9K |
|
18
iShares Core US Aggregate Bond ETF
AGG
$137B
| $3.84M | 0.79% |
33,767
+8,393
| +33% | +$972K |
|
19
ExxonMobil
XOM
$644B
| $3.77M | 0.77% |
67,444
-1,024
| -1% | -$53.7K |
|
|
FSKR
20
DELISTED
FS KKR Capital Corp. II
FSKR
| $3.6M | 0.74% |
184,556
-702
| -0.4% | -$12.7K |
|
21
iShares S&P 500 Growth ETF
IVW
$73.8B
| $3.58M | 0.73% |
55,023
+7,528
| +16% | +$487K |
|
22
HP
HPQ
$24.9B
| $3.53M | 0.72% |
111,285
+4,549
| +4% | +$126K |
|
23
Microsoft
MSFT
$3.45T
| $3.28M | 0.67% |
13,928
+683
| +5% | +$158K |
|
24
Ameriprise Financial
AMP
$48.3B
| $3.17M | 0.65% |
13,630
+2,740
| +25% | +$592K |
|
25
Aflac
AFL
$64.9B
| $3.13M | 0.64% |
61,096
-1,216
| -2% | -$58.3K |
|
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Covenant Multifamily Offices's Q1 2021 Portfolio in Review
As of Q1 2021, Covenant Multifamily Offices held 193 positions worth $489M, down 13% from $559M the previous quarter. Its ten largest holdings account for 59% of the portfolio.
Covenant Multifamily Offices withdrew a net $102M in Q1 2021, closing 10 positions and reducing 56 holdings. Its most notable exit was iShares Russell Mid-Cap Growth ETF, an estimated $17.3M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 18% of assets, up from 12% a quarter earlier, followed by Technology and Financials.
Against the trend, Covenant Multifamily Offices opened a new position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF worth $4.13M.
- Covenant Multifamily Offices's largest Q1 2021 buy was Goldman Sachs ActiveBeta Emerging Markets Equity ETF: 104,684 shares worth $4.13M.
- Covenant Multifamily Offices added most to Texas Instruments in Q1 2021, an estimated $35.3M increase.
- Covenant Multifamily Offices's biggest Q1 2021 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $51.7M.
- Covenant Multifamily Offices fully exited iShares Russell Mid-Cap Growth ETF in Q1 2021, selling an estimated $17.3M.
- Covenant Multifamily Offices's ten largest holdings make up 59% of its $489M portfolio in Q1 2021.
- Covenant Multifamily Offices opened 56 new positions and closed 10 in Q1 2021.
- Covenant Multifamily Offices's portfolio value fell 13% quarter-over-quarter to $489M.
Based on Covenant Multifamily Offices's 13F filing for Q1 2021, filed 11 May 2021.