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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
SCHQ
176
Schwab Long-Term US Treasury ETF
SCHQ
$792M
$308K 0.06%
6,143
+410
+7% +$19.9K
AMAT icon
177
Applied Materials
AMAT
$403B
$301K 0.05%
+2,111
New +$283K
CIBR icon
178
First Trust NASDAQ Cybersecurity ETF
CIBR
$14.4B
$301K 0.05%
6,430
– –
TSLA icon
179
Tesla
TSLA
$1.23T
$301K 0.05%
1,329
+228
+21% +$49.5K
TCBI icon
180
Texas Capital Bancshares
TCBI
$4.3B
$300K 0.05%
+4,733
New +$319K
SOXX icon
181
iShares Semiconductor ETF
SOXX
$41.7B
$296K 0.05%
+1,956
New +$280K
ADP icon
182
Automatic Data Processing
ADP
$106B
$294K 0.05%
1,481
+290
+24% +$56.4K
IWN icon
183
iShares Russell 2000 Value ETF
IWN
$14.3B
$291K 0.05%
1,754
+332
+23% +$54.8K
VONV icon
184
Vanguard Russell 1000 Value ETF
VONV
$20.7B
$286K 0.05%
+4,110
New +$286K
SAP icon
185
SAP
SAP
$212B
$271K 0.05%
1,932
+259
+15% +$36.1K
SHW icon
186
Sherwin-Williams
SHW
$82.7B
$266K 0.05%
+978
New +$268K
FRDM icon
187
Freedom 100 Emerging Markets ETF
FRDM
$3.27B
$265K 0.05%
7,729
+1
+0% +$34
IIPR icon
188
Innovative Industrial Properties
IIPR
$1.71B
$262K 0.05%
1,374
+142
+12% +$26K
NKE icon
189
Nike
NKE
$61.9B
$261K 0.05%
+1,687
New +$227K
SBAC icon
190
SBA Communications
SBAC
$19.2B
$261K 0.05%
+818
New +$245K
XLU icon
191
State Street Utilities Select Sector SPDR ETF
XLU
$22.8B
$260K 0.05%
8,224
– –
AXP icon
192
American Express
AXP
$227B
$258K 0.05%
+1,560
New +$244K
LLY icon
193
Eli Lilly
LLY
$1.02T
$258K 0.05%
+1,124
New +$226K
MSCI icon
194
MSCI
MSCI
$41.6B
$258K 0.05%
+484
New +$231K
NVDA icon
195
NVIDIA
NVDA
$4.86T
$257K 0.05%
+12,840
New +$206K
UUP icon
196
Invesco DB US Dollar Index Bullish Fund
UUP
$420M
$256K 0.05%
+10,300
New +$252K
VV icon
197
Vanguard Morningstar Large-Cap ETF
VV
$52.4B
$254K 0.05%
1,266
-214
-14% -$41.8K
PHM icon
198
Pultegroup
PHM
$24.1B
$251K 0.05%
4,596
+577
+14% +$32.3K
MCO icon
199
Moody's
MCO
$82.8B
$245K 0.04%
+677
New +$225K
DVN icon
200
Devon Energy
DVN
$52.1B
$240K 0.04%
8,227
-5,109
-38% -$132K
6 7
8
9 10

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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.