Covenant Multifamily Offices Portfolio holdings
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street Financial Select Sector SPDR ETF
XLF
|
+$4.76M |
| 2 |
Goldman Sachs ActiveBeta Emerging Markets Equity ETF
GEM
|
+$4.44M |
| 3 |
Schwab Fundamental US Large Company Index ETF
FNDX
|
+$3.61M |
| 4 |
FS KKR Capital
FSK
|
+$2.91M |
| 5 |
CVS Health
CVS
|
+$2.41M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AT&T
T
|
+$6.82M |
| 2 |
iShares MSCI USA Quality Factor ETF
QUAL
|
+$4.64M |
| 3 |
FSKR
FS KKR Capital Corp. II
FSKR
|
+$3.6M |
| 4 |
Texas Instruments
TXN
|
+$3.33M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
251
Under Armour Class C
UA
$2.83B
| – | – |
-20,617
| Closed | -$381K |
|
252
iShares MSCI USA Min Vol Factor ETF
USMV
$23.7B
| – | – |
-3,352
| Closed | -$232K |
|
253
Wells Fargo
WFC
$266B
| – | – |
-10,991
| Closed | -$429K |
|
|
JJG
254
DELISTED
iPath Series B Bloomberg Grains Subindex Total ReturnSM ETN
JJG
| – | – |
-30,519
| Closed | -$1.82M |
|
|
TWTR
255
DELISTED
Twitter, Inc.
TWTR
| – | – |
-7,656
| Closed | -$487K |
|
|
FSKR
256
DELISTED
FS KKR Capital Corp. II
FSKR
| – | – |
-184,556
| Closed | -$3.6M |
|
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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.