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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
FSLR icon
201
First Solar
FSLR
$22.7B
$238K 0.04%
2,627
+7
+0.3% +$554
AZO icon
202
AutoZone
AZO
$49.2B
$234K 0.04%
+157
New +$228K
INVH icon
203
Invitation Homes
INVH
$17.7B
$232K 0.04%
+6,210
New +$220K
PDEC icon
204
Innovator US Equity Power Buffer ETF December
PDEC
$985M
$231K 0.04%
7,580
– –
COP icon
205
ConocoPhillips
COP
$147B
$229K 0.04%
+3,762
New +$210K
DTD icon
206
WisdomTree US Total Dividend Fund
DTD
$1.65B
$225K 0.04%
+3,794
New +$223K
MDYG icon
207
State Street SPDR S&P 400 Mid Cap Growth ETF
MDYG
$2.8B
$221K 0.04%
+2,845
New +$219K
C icon
208
Citigroup
C
$222B
$219K 0.04%
+3,099
New +$229K
USB icon
209
US Bancorp
USB
$98.2B
$218K 0.04%
+3,827
New +$225K
ENB icon
210
Enbridge
ENB
$119B
$216K 0.04%
+5,391
New +$209K
MUB icon
211
iShares National Muni Bond ETF
MUB
$45.1B
$216K 0.04%
+1,840
New +$215K
REGL icon
212
ProShares S&P MidCap 400 Dividend Aristocrats ETF
REGL
$1.75B
$215K 0.04%
+3,011
New +$218K
SMDV icon
213
ProShares Russell 2000 Dividend Growers ETF
SMDV
$695M
$214K 0.04%
+3,364
New +$223K
TJX icon
214
TJX Companies
TJX
$174B
$213K 0.04%
3,157
-19,643
-86% -$1.34M
TMO icon
215
Thermo Fisher Scientific
TMO
$213B
$213K 0.04%
+422
New +$199K
EPD icon
216
Enterprise Products Partners
EPD
$82.3B
$212K 0.04%
+8,766
New +$208K
WELL icon
217
Welltower
WELL
$169B
$212K 0.04%
+2,546
New +$195K
CARR icon
218
Carrier Global
CARR
$51B
$211K 0.04%
+4,336
New +$194K
SPXU icon
219
ProShares UltraPro Short S&P 500
SPXU
$406M
$211K 0.04%
580
– –
CLR
220
DELISTED
CONTINENTAL RESOURCES INC.
CLR
$211K 0.04%
+5,549
New +$173K
CRM icon
221
Salesforce
CRM
$151B
$209K 0.04%
+855
New +$197K
NEE icon
222
NextEra Energy
NEE
$181B
$209K 0.04%
+2,857
New +$214K
SCHZ icon
223
Schwab US Aggregate Bond ETF
SCHZ
$10.5B
$209K 0.04%
7,642
-588
-7% -$16K
CI icon
224
Cigna
CI
$73.7B
$208K 0.04%
+876
New +$219K
VWO icon
225
Vanguard FTSE Emerging Markets ETF
VWO
$121B
$207K 0.04%
+3,816
New +$203K
7 8
9
10 11

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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.