# Covenant Multifamily Offices, LLC

> Institutional holdings reported to the SEC as of Q3 2021 on Form 13F. CIK 1599749. Source: https://holderbook.com/funds/1599749-covenant-multifamily-offices-llc/

- Reported value: $556.9M
- Positions: 243
- Weight of the ten largest: 53.4%
- Filed: 2021-10-21

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $64.7M | 416,593 | 11.6% | 12 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $63.4M | 2,318,942 | 11.4% | 10 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $39.4M | 203,294 | 7.1% | 12 |
| ISHARES TR | [IGV](https://holderbook.com/stocks/IGV/) | $30.1M | 75,443 | 5.4% | 7 |
| ISHARES TR | [QUAL](https://holderbook.com/stocks/QUAL/) | $28.5M | 215,430 | 5.1% | 12 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $18.3M | 475,069 | 3.3% | 5 |
| SCHWAB STRATEGIC TR | [FNDX](https://holderbook.com/stocks/FNDX/) | $17.7M | 323,039 | 3.2% | 7 |
| ISHARES TR | [OEF](https://holderbook.com/stocks/OEF/) | $13.7M | 68,879 | 2.5% | 12 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $11.6M | 26,573 | 2.1% | 12 |
| GOLDMAN SACHS ETF TR | [GEM](https://holderbook.com/stocks/GEM/) | $9.7M | 264,833 | 1.7% | 3 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $9.7M | 22,443 | 1.7% | 12 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $9.0M | 178,004 | 1.6% | 12 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $8.6M | 61,007 | 1.5% | 11 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $5.9M | 20,381 | 1.1% | 11 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $5.5M | 33,401 | 1.0% | 12 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $5.3M | 86,651 | 1.0% | 12 |
| ISHARES TR | [IWV](https://holderbook.com/stocks/IWV/) | $4.7M | 18,252 | 0.8% | 12 |
| VALERO ENERGY CORP | [VLO](https://holderbook.com/stocks/VLO/) | $4.5M | 60,169 | 0.8% | 3 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $4.2M | 36,819 | 0.8% | 11 |
| NUSTAR ENERGY LP | [NS](https://holderbook.com/stocks/NS/) | $4.2M | 253,428 | 0.7% | 3 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $4.1M | 55,187 | 0.7% | 12 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $3.6M | 24,862 | 0.6% | 12 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $3.4M | 1,041 | 0.6% | 11 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $3.3M | 10,035 | 0.6% | 8 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $3.3M | 30,152 | 0.6% | 10 |
| AMERIPRISE FINL INC | [AMP](https://holderbook.com/stocks/AMP/) | $3.2M | 11,584 | 0.6% | 4 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $3.1M | 31,159 | 0.6% | 3 |
| WALGREENS BOOTS ALLIANCE INC | [WBA](https://holderbook.com/stocks/WBA/) | $3.1M | 65,060 | 0.6% | 12 |
| GENERAL MTRS CO | [GM](https://holderbook.com/stocks/GM/) | $3.0M | 55,867 | 0.5% | 12 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $2.9M | 68,081 | 0.5% | 10 |
| HP INC | [HPQ](https://holderbook.com/stocks/HPQ/) | $2.9M | 101,636 | 0.5% | 7 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $2.9M | 52,668 | 0.5% | 12 |
| SCHWAB STRATEGIC TR | [FNDB](https://holderbook.com/stocks/FNDB/) | $2.9M | 52,614 | 0.5% | 10 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $2.5M | 30,357 | 0.5% | 2 |
| FS KKR CAP CORP | [FSK](https://holderbook.com/stocks/FSK/) | $2.5M | 109,837 | 0.4% | 2 |
| PRINCIPAL FINANCIAL GROUP IN | [PFG](https://holderbook.com/stocks/PFG/) | $2.3M | 35,145 | 0.4% | 2 |
| GOLDMAN SACHS ETF TR | [GBIL](https://holderbook.com/stocks/GBIL/) | $2.3M | 23,095 | 0.4% | 12 |
| BLACKROCK INC | [BLKXXXX](https://holderbook.com/stocks/BLKXXXX/) | $2.3M | 2,686 | 0.4% | 8 |
| FORD MTR CO | [F](https://holderbook.com/stocks/F/) | $2.2M | 155,532 | 0.4% | 11 |
| GOLDMAN SACHS ETF TR | [GSLC](https://holderbook.com/stocks/GSLC/) | $2.2M | 25,659 | 0.4% | 10 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $2.2M | 58,645 | 0.4% | 4 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $2.1M | 5,400 | 0.4% | 2 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $2.1M | 38,804 | 0.4% | 3 |
| SPDR SERIES TRUST | [XOP](https://holderbook.com/stocks/XOP/) | $2.1M | 20,441 | 0.4% | 7 |
| BEST BUY INC | [BBY](https://holderbook.com/stocks/BBY/) | $2.1M | 19,578 | 0.4% | 3 |
| BARCLAYS BANK PLC | [DJP](https://holderbook.com/stocks/DJP/) | $2.1M | 67,727 | 0.4% | 10 |
| GENUINE PARTS CO | [GPC](https://holderbook.com/stocks/GPC/) | $2.0M | 16,214 | 0.4% | 2 |
| SLB LIMITED | [SLB](https://holderbook.com/stocks/SLB/) | $2.0M | 65,402 | 0.4% | 12 |
| REINSURANCE GROUP AMER INC | [RGA](https://holderbook.com/stocks/RGA/) | $1.9M | 16,227 | 0.3% | 3 |
| SCHWAB STRATEGIC TR | [SCHE](https://holderbook.com/stocks/SCHE/) | $1.9M | 62,470 | 0.3% | 10 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $1.9M | 14,806 | 0.3% | 2 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $1.8M | 27,368 | 0.3% | 10 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $1.8M | 8,189 | 0.3% | 12 |
| EOG RES INC | [EOG](https://holderbook.com/stocks/EOG/) | $1.8M | 20,644 | 0.3% | 3 |
| PRUDENTIAL FINL INC | [PRU](https://holderbook.com/stocks/PRU/) | $1.8M | 16,616 | 0.3% | 12 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $1.8M | 10,574 | 0.3% | 4 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $1.8M | 28,990 | 0.3% | 10 |
| VANGUARD INDEX FDS | [VV](https://holderbook.com/stocks/VV/) | $1.8M | 8,648 | 0.3% | 7 |
| MARTIN MARIETTA MATLS INC | [MLM](https://holderbook.com/stocks/MLM/) | $1.7M | 4,962 | 0.3% | 2 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $1.7M | 29,275 | 0.3% | 4 |
| DOW HLDGS INC | [DOW](https://holderbook.com/stocks/DOW/) | $1.6M | 27,773 | 0.3% | 10 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $1.6M | 19,752 | 0.3% | 10 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $1.6M | 8,955 | 0.3% | 2 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $1.5M | 28,279 | 0.3% | 8 |
| VULCAN MATLS CO | [VMC](https://holderbook.com/stocks/VMC/) | $1.5M | 8,721 | 0.3% | 2 |
| VANGUARD WHITEHALL FDS | [VWOB](https://holderbook.com/stocks/VWOB/) | $1.4M | 18,372 | 0.3% | 3 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $1.4M | 6,463 | 0.3% | 12 |
| SCHWAB STRATEGIC TR | [SCHF](https://holderbook.com/stocks/SCHF/) | $1.4M | 36,906 | 0.3% | 10 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $1.4M | 19,053 | 0.3% | 12 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $1.4M | 2,450 | 0.2% | 10 |
| ISHARES INC | [EWW](https://holderbook.com/stocks/EWW/) | $1.4M | 28,637 | 0.2% | 10 |
| PACCAR INC | [PCAR](https://holderbook.com/stocks/PCAR/) | $1.4M | 16,839 | 0.2% | 2 |
| PARKER-HANNIFIN CORP | [PH](https://holderbook.com/stocks/PH/) | $1.3M | 4,591 | 0.2% | 6 |
| INVESCO EXCHANGE TRADED FD T | [RZV](https://holderbook.com/stocks/RZV/) | $1.3M | 13,797 | 0.2% | 6 |
| KINDER MORGAN INC DEL | [KMI](https://holderbook.com/stocks/KMI/) | $1.3M | 78,896 | 0.2% | 12 |
| ACTIVISION BLIZZARD INC | [ATVI](https://holderbook.com/stocks/ATVI/) | $1.3M | 17,363 | 0.2% | 7 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $1.2M | 11,729 | 0.2% | 10 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $1.2M | 5,663 | 0.2% | 6 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $1.2M | 3,317 | 0.2% | 7 |
| ISHARES TR | [SUSA](https://holderbook.com/stocks/SUSA/) | $1.2M | 12,185 | 0.2% | 2 |
| GOLDMAN SACHS ETF TR | [GSIE](https://holderbook.com/stocks/GSIE/) | $1.2M | 34,407 | 0.2% | 10 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $1.2M | 428 | 0.2% | 3 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $1.1M | 24,565 | 0.2% | 3 |
| INDEPENDENT BANK GROUP INC | [IBTX](https://holderbook.com/stocks/IBTX/) | $1.1M | 15,292 | 0.2% | 10 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $1.1M | 24,340 | 0.2% | 11 |
| ADIENT PLC | [ADNT](https://holderbook.com/stocks/ADNT/) | $1.1M | 24,998 | 0.2% | 10 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $1.0M | 6,553 | 0.2% | 6 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $1.0M | 3,743 | 0.2% | 3 |
| MANULIFE FINL CORP | [MFC](https://holderbook.com/stocks/MFC/) | $982.0K | 50,095 | 0.2% | 10 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $947.0K | 16,003 | 0.2% | 3 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $893.0K | 4,372 | 0.2% | 6 |
| BLACKSTONE INC | [BX](https://holderbook.com/stocks/BX/) | $884.0K | 7,702 | 0.2% | 2 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $875.0K | 7,862 | 0.2% | 6 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $865.0K | 2,661 | 0.2% | 8 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $840.0K | 2,134 | 0.2% | 3 |
| ENERGY TRANSFER L P | [ET](https://holderbook.com/stocks/ET/) | $839.0K | 85,068 | 0.2% | 3 |
| LAM RESEARCH CORP | [LRCXXXXX](https://holderbook.com/stocks/LRCXXXXX/) | $838.0K | 1,508 | 0.2% | 6 |
| SCHWAB STRATEGIC TR | [FNDE](https://holderbook.com/stocks/FNDE/) | $837.0K | 25,664 | 0.2% | 10 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $836.0K | 2,510 | 0.2% | 11 |
| SOUTHWEST AIRLS CO | [LUV](https://holderbook.com/stocks/LUV/) | $819.0K | 15,028 | 0.1% | 3 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q3 2021 | -2.0% | +0.3% | -2.2% | 100% |
| Q2 2021 | +4.6% | +8.0% | -3.4% | 100% |
| Q1 2021 | +5.6% | +6.0% | -0.4% | 100% |
| Q4 2020 | +11.5% | +11.6% | -0.1% | 100% |
| Q3 2020 | +5.7% | +8.6% | -2.9% | 100% |
| Q2 2020 | +16.1% | +19.6% | -3.6% | 100% |
| Q1 2020 | -23.4% | -19.9% | -3.5% | 117% |
| Q4 2019 | +5.9% | +8.5% | -2.6% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2021 | $556.9M | 243 |
| Q2 2021 | $549.4M | 237 |
| Q1 2021 | $489.3M | 183 |
| Q4 2020 | $559.5M | 137 |
| Q3 2020 | $508.8M | 130 |
| Q2 2020 | $507.2M | 156 |
| Q1 2020 | $397.3M | 113 |
| Q4 2019 | $585.7M | 188 |
| Q3 2019 | $465.4M | 140 |
| Q2 2019 | $456.1M | 142 |
| Q1 2019 | $309.0M | 219 |
| Q4 2018 | $261.5M | 55 |