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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
UNH icon
101
UnitedHealth
UNH
$376B
$808K 0.15%
2,019
+424
+27% +$169K
LUV icon
102
Southwest Airlines
LUV
$22B
$801K 0.15%
15,088
+55
+0.4% +$3.3K
FQAL icon
103
Fidelity Quality Factor ETF
FQAL
$1.41B
$793K 0.14%
16,045
– –
MA icon
104
Mastercard
MA
$502B
$790K 0.14%
2,164
+1,154
+114% +$429K
ACN icon
105
Accenture
ACN
$102B
$787K 0.14%
2,671
-979
-27% -$280K
GE icon
106
GE Aerospace
GE
$374B
$775K 0.14%
11,555
+1,627
+16% +$109K
AFL icon
107
Aflac
AFL
$64.9B
$767K 0.14%
14,302
-46,794
-77% -$2.55M
LMT icon
108
Lockheed Martin
LMT
$134B
$760K 0.14%
2,009
+455
+29% +$175K
WHR icon
109
Whirlpool
WHR
$2.43B
$728K 0.13%
3,339
-2,041
-38% -$475K
PARA
110
DELISTED
Paramount Global Class B
PARA
$724K 0.13%
16,013
+4,815
+43% +$199K
BX icon
111
Blackstone
BX
$102B
$705K 0.13%
+7,253
New +$644K
CCI icon
112
Crown Castle
CCI
$33.3B
$705K 0.13%
3,611
+1,236
+52% +$231K
WMT icon
113
Walmart Inc
WMT
$885B
$705K 0.13%
14,991
+4,983
+50% +$232K
IWR icon
114
iShares Russell Mid-Cap ETF
IWR
$56B
$700K 0.13%
+8,837
New +$685K
MTUM icon
115
iShares MSCI USA Momentum Factor ETF
MTUM
$25B
$680K 0.12%
+3,920
New +$664K
KBE icon
116
State Street SPDR S&P Bank ETF
KBE
$1.64B
$678K 0.12%
+13,208
New +$705K
X
117
DELISTED
US Steel
X
$677K 0.12%
28,200
– –
DOX icon
118
Amdocs
DOX
$5.92B
$649K 0.12%
8,389
+156
+2% +$12K
GD icon
119
General Dynamics
GD
$104B
$601K 0.11%
3,192
+192
+6% +$36.2K
PLD icon
120
Prologis
PLD
$135B
$593K 0.11%
+4,963
New +$580K
PYPL icon
121
PayPal
PYPL
$48.9B
$591K 0.11%
+2,026
New +$535K
DISH
122
DELISTED
DISH Network Corp.
DISH
$591K 0.11%
14,127
-4,693
-25% -$197K
CTAS icon
123
Cintas
CTAS
$81.9B
$557K 0.1%
5,828
+372
+7% +$33K
EW icon
124
Edwards Lifesciences
EW
$49.6B
$548K 0.1%
5,290
+724
+16% +$68.2K
TRU icon
125
TransUnion
TRU
$15.1B
$542K 0.1%
4,935
+590
+14% +$61.5K
3 4
5
6 7

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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.