Managers / Q3 2021
Covenant Multifamily Offices, LLC
CIK 0001599749 · 18756 STONE OAK PARKWAY, SUITE 102, SAN ANTONIO, TX, 78258 · 210-403-5350
Summary
Covenant Multifamily Offices, LLC reported $557M in U.S.-listed holdings across 243 positions for Q3 2021.
Its largest position, Vanguard Specialized Funds, represents 11.6% of the portfolio.
Compared with Q2 2021, the fund opened 16 new positions and exited 10.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- ETP · 50.5% · $281M
- Common Stock · 47.0% · $262M
- MLP · 0.9% · $5M
- Other · 0.7% · $4M
- REIT · 0.7% · $4M
- Other · 0.2% · $1M
Quarter-over-Quarter Changes full breakdown →
vs Q2 2021 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| GENERAL ELECTRIC CO | NEW | +7.2K | 7.2K | +$751,000 | $751,000 |
| ISHARES TR | NEW | +4.1K | 4.1K | +$425,000 | $425,000 |
| ALKTALKAMI TECHNOLOGY INC | NEW | +16.5K | 16.5K | +$417,000 | $417,000 |
| ISHARES TR | NEW | +1.2K | 1.2K | +$318,000 | $318,000 |
| KOCOCA COLA CO | NEW | +5.1K | 5.1K | +$272,000 | $272,000 |
| VANGUARD INDEX FDS | NEW | +1.9K | 1.9K | +$264,000 | $264,000 |
| ABTABBOTT LABS | NEW | +2.2K | 2.2K | +$251,000 | $251,000 |
| HONGBPHONEYWELL INTL INC | NEW | +1.1K | 1.1K | +$233,000 | $233,000 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q3 2021
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | ISHARES TR | EXPANDED TECH · MSCI USA QLT FCT · S&P 100 ETF · CORE S&P500 ETF · RUSSELL 3000 ETF · CORE US AGGBD ET · S&P 500 GRWT ETF | 17.41% | $97M | 496.6K |
| 2 | VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 11.62% | $65M | 416.6K |
| 3 | TAT&T INChistory → | COM | 11.39% | $63M | 2.32M |
| 4 | TXNTEXAS INSTRS INChistory → | COM | 7.08% | $39M | 203.3K |
| 5 | SCHWAB STRATEGIC TR | SCHWAB FDT US LG · SCHWAB FDT US BM · EMRG MKTEQ ETF | 4.04% | $22M | 438.1K |
| 6 | XLFSELECT SECTOR SPDR TRhistory → | FINANCIAL | 3.29% | $18M | 475.1K |
| 7 | GOLDMAN SACHS ETF TR | ACTIVEBETA EME · ACCES TREASURY · ACTIVEBETA US LG | 2.56% | $14M | 313.6K |
| 8 | SPDR S&P 500 ETF TR | TR UNIT | 1.75% | $10M | 22.4K |
| 9 | VANGUARD TAX-MANAGED INTL FD | FTSE DEV MKT ETF | 1.61% | $9M | 178.0K |
| 10 | AAPLAPPLE INChistory → | COM | 1.55% | $9M | 61.0K |
| 11 | MSFTMICROSOFT CORPhistory → | COM | 1.06% | $6M | 20.4K |
| 12 | GQ9SPDR GOLD TR | GOLD SHS | 0.99% | $5M | 33.4K |
| 13 | EXMOCEXXON MOBIL CORP | COM | 0.96% | $5M | 86.7K |
| 14 | VLOVALERO ENERGY CORP | COM | 0.80% | $4M | 60.2K |
| 15 | NSUSDNUSTAR ENERGY LP | UNIT COM | 0.75% | $4M | 253.4K |
| 16 | IBMINTERNATIONAL BUSINESS MACHS | COM | 0.64% | $4M | 24.9K |
| 17 | AMZNAMAZON COM INC | COM | 0.60% | $3M | 1.0K |
| 18 | HDHOME DEPOT INC | COM | 0.59% | $3M | 10.0K |
| 19 | ABBVABBVIE INC | COM | 0.59% | $3M | 30.2K |
| 20 | A4SAMERIPRISE FINL INC | COM | 0.57% | $3M | 11.6K |
| 21 | DWDMORGAN STANLEY | COM NEW | 0.56% | $3M | 31.2K |
| 22 | WBAWALGREENS BOOTS ALLIANCE INC | COM | 0.55% | $3M | 65.1K |
| 23 | GMGENERAL MTRS CO | COM | 0.55% | $3M | 55.9K |
| 24 | PFEPFIZER INC | COM | 0.52% | $3M | 68.1K |
| 25 | 7HPHP INC | COM | 0.52% | $3M | 101.6K |
| 26 | BACVERIZON COMMUNICATIONS INC | COM | 0.52% | $3M | 52.7K |
| 27 | CVSCVS HEALTH CORP | COM | 0.46% | $3M | 30.4K |
| 28 | FSKFS KKR CAP CORP | COM | 0.44% | $2M | 109.8K |
| 29 | PG4PRINCIPAL FINANCIAL GROUP IN | COM | 0.42% | $2M | 35.1K |
| 30 | BLKCHFBLACKROCK INC | COM | 0.40% | $2M | 2.7K |
| 31 | FFORD MTR CO DEL | COM | 0.40% | $2M | 155.5K |
| 32 | GLWCORNING INC | COM | 0.39% | $2M | 58.6K |
| 33 | VANGUARD INDEX FDS | S&P 500 ETF SHS | 0.39% | $2M | 5.4K |
| 34 | SPDR SER TR | S&P OILGAS EXP | 0.38% | $2M | 20.4K |
| 35 | INTCINTEL CORP | COM | 0.38% | $2M | 38.8K |
| 36 | BBYBEST BUY INC | COM | 0.37% | $2M | 19.6K |
| 37 | BARCLAYS BANK PLC | DJUBS CMDT ETN36 | 0.37% | $2M | 67.7K |
| 38 | GPCGENUINE PARTS CO | COM | 0.36% | $2M | 16.2K |
| 39 | SLBSCHLUMBERGER LTD | COM STK | 0.36% | $2M | 65.4K |
| 40 | RGAREINSURANCE GRP OF AMERICA I | COM NEW | 0.34% | $2M | 16.2K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q3 2021 | $557M | 243 | Oct 21, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $549M | 237 | Aug 10, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $489M | 185 | May 11, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $559M | 137 | Feb 16, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $509M | 130 | Nov 10, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $507M | 156 | Aug 11, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $397M | 113 | May 5, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $586M | 188 | Jan 31, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $465M | 140 | Nov 8, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $456M | 142 | Jul 31, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $309M | 224 | Apr 30, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q4 2018 | $262M | 55 | Feb 11, 2019 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.