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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
TFI icon
151
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
$3.05B
$430K 0.08%
8,252
+3,677
+80% +$191K
CFR icon
152
Cullen/Frost Bankers
CFR
$10.3B
$427K 0.08%
3,813
+13
+0.3% +$1.52K
PEP icon
153
PepsiCo
PEP
$190B
$393K 0.07%
2,649
-102
-4% -$14.9K
PAYX icon
154
Paychex
PAYX
$41.6B
$384K 0.07%
3,581
+663
+23% +$66.7K
ORCL icon
155
Oracle
ORCL
$374B
$383K 0.07%
4,917
+2,006
+69% +$157K
EQIX icon
156
Equinix
EQIX
$101B
$381K 0.07%
+475
New +$353K
GPMT
157
Granite Point Mortgage Trust
GPMT
$69M
$376K 0.07%
25,500
– –
GOOG icon
158
Alphabet (Google) Class C
GOOG
$4.36T
$373K 0.07%
+2,980
New +$355K
GPRO icon
159
GoPro
GPRO
$130M
$366K 0.07%
31,459
+2,175
+7% +$24.5K
SCHM icon
160
Schwab US Mid-Cap ETF
SCHM
$14.5B
$363K 0.07%
13,923
-6,384
-31% -$165K
VCIT icon
161
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$66.2B
$363K 0.07%
3,816
– –
NAT icon
162
Nordic American Tanker
NAT
$1.38B
$355K 0.06%
108,310
+310
+0.3% +$1.05K
TGT icon
163
Target
TGT
$65.6B
$353K 0.06%
1,462
-11,564
-89% -$2.53M
CONE
164
DELISTED
CyrusOne Inc Common Stock
CONE
$351K 0.06%
4,912
+1,732
+54% +$126K
KR icon
165
Kroger
KR
$35.4B
$348K 0.06%
9,089
+777
+9% +$29.2K
VTV icon
166
Vanguard Morningstar Value ETF
VTV
$188B
$348K 0.06%
2,534
+25
+1% +$3.44K
STT icon
167
State Street
STT
$50.6B
$344K 0.06%
4,175
+1,247
+43% +$105K
AAXJ icon
168
iShares MSCI All Country Asia ex Japan ETF
AAXJ
$3.68B
$343K 0.06%
+3,627
New +$339K
PRAH
169
DELISTED
PRA Health Sciences, Inc.
PRAH
$335K 0.06%
2,029
– –
COST icon
170
Costco
COST
$422B
$334K 0.06%
+845
New +$320K
BEN icon
171
Franklin Resources
BEN
$17.6B
$324K 0.06%
10,133
+3,298
+48% +$107K
RTX icon
172
RTX Corp
RTX
$290B
$323K 0.06%
3,781
+157
+4% +$13.2K
VNQ icon
173
Vanguard Real Estate ETF
VNQ
$39.2B
$317K 0.06%
3,117
+9
+0.3% +$893
ITOT icon
174
iShares Core S&P Total US Stock Market ETF
ITOT
$94.3B
$312K 0.06%
3,156
+374
+13% +$36K
VUG icon
175
Vanguard Morningstar Growth ETF
VUG
$220B
$309K 0.06%
+6,468
New +$294K
5 6
7
8 9

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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.