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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
NUE icon
126
Nucor
NUE
$58.6B
$538K 0.1%
+5,611
New +$525K
AEP icon
127
American Electric Power
AEP
$69.6B
$537K 0.1%
+6,348
New +$547K
AMT icon
128
American Tower
AMT
$80.8B
$527K 0.1%
+1,949
New +$497K
XLK icon
129
State Street Technology Select Sector SPDR ETF
XLK
$115B
$527K 0.1%
7,144
– –
ACWI icon
130
iShares MSCI ACWI ETF
ACWI
$32.5B
$523K 0.1%
5,167
+510
+11% +$50.8K
DIS icon
131
Walt Disney
DIS
$167B
$519K 0.09%
2,950
+1,429
+94% +$257K
BABA icon
132
Alibaba
BABA
$293B
$514K 0.09%
2,267
+834
+58% +$185K
BP icon
133
BP
BP
$116B
$491K 0.09%
18,583
+1,037
+6% +$27.2K
SPYV icon
134
State Street SPDR Portfolio S&P 500 Value ETF
SPYV
$36.1B
$486K 0.09%
+12,281
New +$486K
IVE icon
135
iShares S&P 500 Value ETF
IVE
$49B
$484K 0.09%
3,280
+120
+4% +$17.7K
SPYG icon
136
State Street SPDR Portfolio S&P 500 Growth ETF
SPYG
$51.7B
$480K 0.09%
+7,630
New +$458K
UNM icon
137
Unum
UNM
$13.6B
$480K 0.09%
+16,913
New +$497K
JWN
138
DELISTED
Nordstrom
JWN
$478K 0.09%
13,059
+459
+4% +$16.8K
APA icon
139
APA Corp
APA
$13.2B
$474K 0.09%
21,900
– –
DAL icon
140
Delta Air Lines
DAL
$57.5B
$473K 0.09%
10,944
-310
-3% -$14.4K
MCD icon
141
McDonald's
MCD
$192B
$465K 0.08%
2,012
-5,273
-72% -$1.23M
SUSA icon
142
iShares ESG Optimized MSCI USA ETF
SUSA
$4.01B
$457K 0.08%
+4,788
New +$443K
CMA
143
DELISTED
Comerica
CMA
$456K 0.08%
6,385
+153
+2% +$11.3K
IP icon
144
International Paper
IP
$21.6B
$448K 0.08%
+7,724
New +$441K
EFA icon
145
iShares MSCI EAFE ETF
EFA
$78B
$447K 0.08%
5,663
+1,726
+44% +$137K
WSO icon
146
Watsco Inc
WSO
$12.7B
$439K 0.08%
1,532
+3
+0.2% +$859
ISRG icon
147
Intuitive Surgical
ISRG
$127B
$438K 0.08%
1,428
+144
+11% +$40.4K
MAIN icon
148
Main Street Capital
MAIN
$5.06B
$437K 0.08%
+10,632
New +$442K
CMCSA icon
149
Comcast
CMCSA
$85B
$431K 0.08%
7,564
-25,694
-77% -$1.44M
PG icon
150
Procter & Gamble
PG
$336B
$430K 0.08%
3,184
-8,989
-74% -$1.22M
4 5
6
7 8

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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.