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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
+5.31%
1 Year Est. Return
+25.75%
3 Year Est. Return
+38.34%
5 Year Est. Return
+79.2%
10 Year Est. Return
–
AUM
$549M
AUM Growth
+$60.1M
Cap. Flow
+$37.6M
Cap. Flow %
6.84%
Top 10 Hldgs %
53.92%
Holding
256
New
73
Increased
98
Reduced
47
Closed
19

Top Buys

Rank Stock Value
1
XLF icon
State Street Financial Select Sector SPDR ETF
XLF
+$4.76M
2
GEM icon
Goldman Sachs ActiveBeta Emerging Markets Equity ETF
GEM
+$4.44M
3
FNDX icon
Schwab Fundamental US Large Company Index ETF
FNDX
+$3.61M
4
FSK icon
FS KKR Capital
FSK
+$2.91M
5
CVS icon
CVS Health
CVS
+$2.41M

Top Sells

Rank Stock Value
1
T icon
AT&T
T
+$6.82M
2
QUAL icon
iShares MSCI USA Quality Factor ETF
QUAL
+$4.64M
3
FSKR
FS KKR Capital Corp. II
FSKR
+$3.6M
4
TXN icon
Texas Instruments
TXN
+$3.33M
5
AFL icon
Aflac
AFL
+$2.55M

Sector Composition

Rank Sector Weight
1 Communication Services 14.5%
2 Technology 14%
3 Financials 5.77%
4 Energy 4.42%
5 Consumer Discretionary 4.09%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EMB icon
226
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$14.6B
$205K 0.04%
+1,821
New +$203K
LIN icon
227
Linde
LIN
$222B
$205K 0.04%
+709
New +$207K
EFAV icon
228
iShares MSCI EAFE Min Vol Factor ETF
EFAV
$5.43B
$204K 0.04%
+2,703
New +$204K
ESGE icon
229
iShares ESG Aware MSCI EM ETF
ESGE
$6.54B
$202K 0.04%
+4,481
New +$198K
ESML icon
230
iShares ESG Aware MSCI USA Small-Cap ETF
ESML
$2.85B
$201K 0.04%
+4,986
New +$198K
BAR icon
231
GraniteShares Gold Shares
BAR
$1.36B
$198K 0.04%
+11,233
New +$203K
FNB icon
232
FNB Corp
FNB
$6.81B
$168K 0.03%
+13,605
New +$177K
OBDC icon
233
Blue Owl Capital
OBDC
$5.39B
$147K 0.03%
+10,300
New +$148K
ASX icon
234
ASE Group
ASX
$79B
$117K 0.02%
+14,589
New +$117K
ENIC icon
235
Enel Chile
ENIC
$6.13B
$30K 0.01%
+10,151
New +$34.3K
FURY
236
Fury Gold Mines
FURY
$102M
$29K 0.01%
24,322
– –
NAK
237
Northern Dynasty Minerals
NAK
$796M
$14K ﹤0.01%
28,000
– –
ABEV icon
238
Ambev
ABEV
$47.6B
– –
-11,650
Closed -$32K
ALB icon
239
Albemarle
ALB
$13.8B
– –
-2,519
Closed -$368K
BN icon
240
Brookfield
BN
$106B
– –
-17,674
Closed -$421K
CALM icon
241
Cal-Maine
CALM
$4.19B
– –
-6,679
Closed -$257K
CHRW icon
242
C.H. Robinson
CHRW
$17.2B
– –
-3,973
Closed -$379K
CMI icon
243
Cummins
CMI
$88.3B
– –
-1,678
Closed -$435K
DBC icon
244
Invesco DB Commodity Index Tracking Fund
DBC
$1.65B
– –
-30,071
Closed -$499K
DFS
245
DELISTED
Discover Financial Services
DFS
– –
-5,283
Closed -$502K
EMR icon
246
Emerson Electric
EMR
$84.8B
– –
-4,796
Closed -$433K
JCI icon
247
Johnson Controls International
JCI
$88.1B
– –
-9,982
Closed -$596K
PSX icon
248
Phillips 66
PSX
$83.6B
– –
-4,455
Closed -$363K
SHY icon
249
iShares 1-3 Year Treasury Bond ETF
SHY
$25B
– –
-2,787
Closed -$240K
TROW icon
250
T. Rowe Price
TROW
$24.1B
– –
-2,589
Closed -$444K
7 8 9
10
11

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Covenant Multifamily Offices's Q2 2021 Portfolio in Review

As of Q2 2021, Covenant Multifamily Offices held 256 positions worth $549M, up 12% from $489M the previous quarter. Its ten largest holdings account for 54% of the portfolio.

Covenant Multifamily Offices deployed $37.6M of net new capital in Q2 2021, opening 73 new positions and adding to 98 existing holdings. Its largest new stake was FS KKR Capital: 135,824 shares worth $2.92M.

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

On the sell side, the largest reduction was AT&T, an estimated $6.82M trimmed.

  • Covenant Multifamily Offices's largest Q2 2021 buy was FS KKR Capital: 135,824 shares worth $2.92M.
  • Covenant Multifamily Offices added most to State Street Financial Select Sector SPDR ETF in Q2 2021, an estimated $4.76M increase.
  • Covenant Multifamily Offices's biggest Q2 2021 reduction was AT&T, cutting an estimated $6.82M.
  • Covenant Multifamily Offices fully exited FS KKR Capital Corp. II in Q2 2021, selling an estimated $3.6M.
  • Covenant Multifamily Offices's ten largest holdings make up 54% of its $549M portfolio in Q2 2021.
  • Covenant Multifamily Offices opened 73 new positions and closed 19 in Q2 2021.
  • Covenant Multifamily Offices's portfolio value rose 12% quarter-over-quarter to $549M.

Based on Covenant Multifamily Offices's 13F filing for Q2 2021, filed 10 Aug 2021.