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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
T icon
1
AT&T
T
$159B
$71.5M 13.01%
3,287,806
-300,035
-8% -$6.82M
VIG icon
2
Vanguard Dividend Appreciation ETF
VIG
$111B
$63.7M 11.6%
411,839
+7,571
+2% +$1.16M
TXN icon
3
Texas Instruments
TXN
$252B
$39.1M 7.12%
203,291
-17,768
-8% -$3.33M
QUAL icon
4
iShares MSCI USA Quality Factor ETF
QUAL
$46.4B
$31.9M 5.8%
239,927
-36,168
-13% -$4.64M
IGV icon
5
iShares Expanded Tech-Software Sector ETF
IGV
$12.7B
$28M 5.09%
358,435
+2,465
+0.7% +$179K
FNDX icon
6
Schwab Fundamental US Large Company Index ETF
FNDX
$26.7B
$14M 2.55%
767,685
+199,452
+35% +$3.61M
OEF icon
7
iShares S&P 100 ETF
OEF
$20.1B
$13.5M 2.46%
68,879
– –
XLF icon
8
State Street Financial Select Sector SPDR ETF
XLF
$56.7B
$13.3M 2.43%
363,514
+130,170
+56% +$4.76M
IVV icon
9
iShares Core S&P 500 ETF
IVV
$878B
$11.5M 2.1%
26,854
+2,103
+8% +$881K
SPY icon
10
State Street SPDR S&P 500 ETF Trust
SPY
$790B
$9.66M 1.76%
22,575
+1,121
+5% +$468K
GEM icon
11
Goldman Sachs ActiveBeta Emerging Markets Equity ETF
GEM
$1.67B
$8.76M 1.59%
214,545
+109,861
+105% +$4.44M
AAPL icon
12
Apple
AAPL
$4.54T
$8.3M 1.51%
60,626
+14,412
+31% +$1.87M
VEA icon
13
Vanguard FTSE Developed Markets ETF
VEA
$229B
$7.4M 1.35%
143,704
+35,719
+33% +$1.84M
XOM icon
14
ExxonMobil
XOM
$644B
$5.27M 0.96%
83,525
+16,081
+24% +$960K
MSFT icon
15
Microsoft
MSFT
$3.45T
$5.21M 0.95%
19,241
+5,313
+38% +$1.35M
VLO icon
16
Valero Energy
VLO
$90.1B
$4.72M 0.86%
60,418
+24,516
+68% +$1.9M
IWV icon
17
iShares Russell 3000 ETF
IWV
$19.6B
$4.67M 0.85%
18,269
-20
-0.1% -$4.99K
NS
18
DELISTED
NuStar Energy L.P.
NS
$4.62M 0.84%
256,086
+14,929
+6% +$276K
AGG icon
19
iShares Core US Aggregate Bond ETF
AGG
$137B
$4.17M 0.76%
36,161
+2,394
+7% +$274K
IVW icon
20
iShares S&P 500 Growth ETF
IVW
$73.8B
$4M 0.73%
55,023
– –
AMZN icon
21
Amazon
AMZN
$2.92T
$3.66M 0.67%
21,280
+8,020
+60% +$1.33M
IBM icon
22
IBM
IBM
$211B
$3.56M 0.65%
25,399
-6,602
-21% -$903K
ABBV icon
23
AbbVie
ABBV
$443B
$3.52M 0.64%
31,273
-5,336
-15% -$601K
WBA
24
DELISTED
Walgreens Boots Alliance
WBA
$3.52M 0.64%
66,836
+38,645
+137% +$2.08M
HD icon
25
Home Depot
HD
$331B
$3.23M 0.59%
10,124
+1,529
+18% +$486K
1
2 3 4 5

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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.