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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
GM icon
26
General Motors
GM
$80.4B
$3.18M 0.58%
53,693
+943
+2% +$55.4K
AMP icon
27
Ameriprise Financial
AMP
$48.3B
$3.07M 0.56%
12,335
-1,295
-10% -$326K
HPQ icon
28
HP
HPQ
$24.9B
$3.05M 0.56%
101,040
-10,245
-9% -$327K
FSK icon
29
FS KKR Capital
FSK
$2.96B
$2.92M 0.53%
+135,824
New +$2.91M
FNDB icon
30
Schwab Fundamental US Broad Market Index ETF
FNDB
$1.42B
$2.9M 0.53%
159,729
-3,438
-2% -$61.8K
MS icon
31
Morgan Stanley
MS
$331B
$2.86M 0.52%
31,159
+4,747
+18% +$407K
PFE icon
32
Pfizer
PFE
$143B
$2.83M 0.51%
72,200
+57,248
+383% +$2.23M
GLW icon
33
Corning
GLW
$119B
$2.75M 0.5%
67,235
-3,932
-6% -$171K
VZ icon
34
Verizon
VZ
$195B
$2.67M 0.49%
47,735
+5,700
+14% +$327K
CVS icon
35
CVS Health
CVS
$133B
$2.46M 0.45%
+29,417
New +$2.41M
BLK icon
36
Blackrock
BLK
$169B
$2.34M 0.43%
2,676
-1,280
-32% -$1.08M
F icon
37
Ford
F
$58.5B
$2.34M 0.43%
157,564
+1,451
+0.9% +$19.3K
GBIL icon
38
Goldman Sachs Access Treasury 0-1 Year ETF
GBIL
$7.64B
$2.31M 0.42%
23,095
– –
SLB icon
39
SLB Ltd
SLB
$73.6B
$2.25M 0.41%
70,432
+38,388
+120% +$1.18M
GSLC icon
40
Goldman Sachs ActiveBeta US Large Cap Equity ETF
GSLC
$15.1B
$2.23M 0.41%
25,874
+621
+2% +$51.7K
BBY icon
41
Best Buy
BBY
$18.2B
$2.21M 0.4%
19,221
+17,116
+813% +$2M
PFG icon
42
Principal Financial Group
PFG
$24.3B
$2.2M 0.4%
+34,807
New +$2.23M
VOO icon
43
Vanguard S&P 500 ETF
VOO
$979B
$2.16M 0.39%
+5,491
New +$2.11M
XOP icon
44
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.65B
$2.13M 0.39%
22,000
– –
QCOM icon
45
Qualcomm
QCOM
$155B
$2.11M 0.38%
+14,768
New +$2M
INTC icon
46
Intel
INTC
$455B
$2.1M 0.38%
37,476
+32,078
+594% +$1.88M
SCHE icon
47
Schwab Emerging Markets Equity ETF
SCHE
$12.6B
$2.07M 0.38%
63,056
-13,852
-18% -$449K
GILD icon
48
Gilead Sciences
GILD
$162B
$2.02M 0.37%
29,347
-2,876
-9% -$192K
GPC icon
49
Genuine Parts
GPC
$17.1B
$2M 0.36%
+15,784
New +$1.99M
IEMG icon
50
iShares Core MSCI Emerging Markets ETF
IEMG
$150B
$1.97M 0.36%
29,433
-1,703
-5% -$112K
1
2
3 4 5

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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.