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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
PRU icon
51
Prudential Financial
PRU
$42.4B
$1.94M 0.35%
18,884
-1,385
-7% -$141K
DJP icon
52
iPath Bloomberg Commodity Index Total Return ETN due 12 June 2036
DJP
$800M
$1.89M 0.34%
69,437
-18,053
-21% -$470K
RGA icon
53
Reinsurance Group of America
RGA
$15.5B
$1.85M 0.34%
16,227
+2,428
+18% +$306K
MDLZ icon
54
Mondelez International
MDLZ
$79.5B
$1.84M 0.33%
29,419
+2,618
+10% +$161K
DOW icon
55
Dow Inc
DOW
$21.9B
$1.77M 0.32%
27,970
+7,845
+39% +$518K
GLD icon
56
SPDR Gold Trust
GLD
$131B
$1.77M 0.32%
10,676
-266
-2% -$45.2K
MMM icon
57
3M
MMM
$90.9B
$1.77M 0.32%
+10,637
New +$1.78M
ATVI
58
DELISTED
Activision Blizzard
ATVI
$1.75M 0.32%
18,359
-2,183
-11% -$207K
MLM icon
59
Martin Marietta Materials
MLM
$31.5B
$1.75M 0.32%
+4,962
New +$1.77M
IWM icon
60
iShares Russell 2000 ETF
IWM
$79.8B
$1.71M 0.31%
7,454
+1,182
+19% +$266K
JPM icon
61
JPMorgan Chase
JPM
$935B
$1.6M 0.29%
10,310
+2,710
+36% +$426K
KMI icon
62
Kinder Morgan
KMI
$71.7B
$1.6M 0.29%
87,733
-3,134
-3% -$55.9K
IEFA icon
63
iShares Core MSCI EAFE ETF
IEFA
$190B
$1.52M 0.28%
20,283
-282
-1% -$21.3K
VMC icon
64
Vulcan Materials
VMC
$34.8B
$1.52M 0.28%
+8,721
New +$1.56M
PCAR icon
65
PACCAR
PCAR
$69.8B
$1.5M 0.27%
+25,161
New +$1.54M
SCHF icon
66
Schwab International Equity ETF
SCHF
$66.6B
$1.48M 0.27%
75,222
+1,738
+2% +$34.4K
VWOB icon
67
Vanguard Emerging Markets Government Bond ETF
VWOB
$6.15B
$1.48M 0.27%
18,559
+6,833
+58% +$540K
INDA icon
68
iShares MSCI India ETF
INDA
$6.89B
$1.47M 0.27%
33,315
+79
+0.2% +$3.39K
CSCO icon
69
Cisco
CSCO
$457B
$1.46M 0.27%
27,495
+1,279
+5% +$67.3K
EOG icon
70
EOG Resources
EOG
$79.2B
$1.46M 0.27%
17,449
+14,346
+462% +$1.13M
MRK icon
71
Merck
MRK
$322B
$1.42M 0.26%
18,262
-533
-3% -$39.6K
PH icon
72
Parker-Hannifin
PH
$123B
$1.41M 0.26%
4,576
-3,511
-43% -$1.09M
ADBE icon
73
Adobe
ADBE
$99.5B
$1.4M 0.26%
2,395
+616
+35% +$318K
EWW icon
74
iShares MSCI Mexico ETF
EWW
$1.92B
$1.37M 0.25%
28,637
– –
RZV icon
75
Invesco S&P SmallCap 600 Pure Value ETF
RZV
$290M
$1.31M 0.24%
13,797
-4,410
-24% -$410K
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.