Covenant Partners, LLC

CIK 1302739 · View on SEC EDGAR ↗

Portfolio value QoQ: -3.0% 13F does not disclose cash

Top 10 holdings weight76.35%

Top 25 holdings weight83.92%

Positions above 1%8

Effective number of positions6.9

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q4 2025: 7.45% Est. buys $25,884,451 · sells $39,227,572

Median holding: 4.0 quarters Tracked Q1 2025–Q4 2025 · 80.8% still held

New positions6

Increased26

Decreased7

Closed5

Portfolio value $342.0M #4,847 of 9,337 by 13F value · top 51.9%

Positions 135

As of Dec. 31, 2025 Data as of Q4 2025

Sector breakdown

Technology 8.1%

Financials 6.3%

Industrials 4.0%

Healthcare 3.4%

Retail 2.0%

Communication Services 1.1%

Consumer Discretionary 1.1%

Energy 0.6%

Materials 0.3%

Consumer products 0.3%

Real Estate 0.3%

Utilities 0.2%

Consumer Staples 0.2%

Other/Unmapped 72.2%

Full portfolio 135 positions

Search positions by ticker or company name

					Streak
IWF iShares Trust	$103,654,371	30.31%	219,004	$-110,869	Down ×1
IWD iShares Trust	$64,757,031	18.93%	307,868	$6,012,081	Up ×4
EFV iShares Trust	$27,185,716	7.95%	380,699	$1,555,472	Up ×2
EFG iShares Trust	$23,422,176	6.85%	205,602	$322,664	Up ×2
IJH iShares Trust	$20,688,426	6.05%	313,461	$18,047,484	Up ×3
MSFT Microsoft Corporation - Common Stock	$7,190,946	2.10%	14,869	$-488,181	Up ×1
NVDA NVIDIA Corporation - Common Stock	$4,927,330	1.44%	26,420	$25,127	Up ×1
AAPL Apple Inc. - Common Stock	$4,341,333	1.27%	15,969	$305,702	Up ×1
ASML ASML Holding N.V. - New York Registry Shares	$2,575,154	0.75%	2,407	$244,961
JPM JP Morgan Chase & Co. Common Stock	$2,408,595	0.70%	7,475	$58,326	Up ×1
AMZN Amazon.com, Inc. - Common Stock	$2,115,235	0.62%	9,164	$115,611	Up ×1
OAKM Harris Oakmark ETF Trust	$1,996,856	0.58%	70,411	$730,965	Up ×3
HYG iShares Trust	$1,980,435	0.58%	24,562	$-13,754
AMP Ameriprise Financial, Inc. Common Stock	$1,945,670	0.57%	3,968	$-3,610
BCS Barclays PLC Common Stock	$1,943,286	0.57%	76,357	$364,986
META Meta Platforms, Inc. - Class A Common Stock	$1,874,656	0.55%	2,840	$-209,515	Up ×1
SNA Snap-On Incorporated Common Stock	$1,810,529	0.53%	5,254	$-10,140
V Visa Inc.	$1,802,650	0.53%	5,140	$54,101	Up ×1
ACN Accenture plc Class A Ordinary Shares (Ireland)	$1,669,363	0.49%	6,222	$135,017
CP Canadian Pacific Kansas City Limited Common Shares	$1,516,116	0.44%	20,591	$-17,708
HD Home Depot, Inc. (The) Common Stock	$1,503,029	0.44%	4,368	$-266,841
RACE Ferrari N.V. Common Shares	$1,487,479	0.43%	4,025	$-465,532
ABBV AbbVie Inc. Common Stock	$1,457,081	0.43%	6,377	$-13,430	Up ×1
SAP SAP SE ADS	$1,399,891	0.41%	5,763	$-140,041
CVX Chevron Corporation Common Stock	$1,393,485	0.41%	9,143	$-26,332
ING ING Group, N.V. Common Stock	$1,375,668	0.40%	49,131	$94,331
AJG Arthur J. Gallagher & Co. Common Stock	$1,368,482	0.40%	5,288	$-269,424
BLK BlackRock, Inc. Common Stock	$1,352,910	0.40%	1,264	$-120,750
GWW W.W. Grainger, Inc. Common Stock	$1,313,784	0.38%	1,302	$73,030
PAYX Paychex, Inc. - Common Stock	$1,214,012	0.35%	10,822	$-157,785
PANW Palo Alto Networks, Inc. - Common Stock	$1,196,195	0.35%	6,494	$-126,114
NFLX Netflix, Inc. - Common Stock	$1,193,565	0.35%	12,730	$-327,865	Up ×1
COF Capital One Financial Corporation Common Stock	$1,179,324	0.34%	4,866	$144,909
STE STERIS plc (Ireland) Ordinary Shares	$1,165,685	0.34%	4,598	$27,955
NVS Novartis AG Common Stock	$1,039,816	0.30%	7,542	$72,629
ABT Abbott Laboratories Common Stock	$1,035,773	0.30%	8,267	$-71,509
PHG Koninklijke Philips N.V. NY Registry Shares	$938,377	0.27%	34,652	$-6,237
JNK SPDR SERIES TRUST	$890,250	0.26%	9,158	$-7,143
AON Aon plc Class A Ordinary Shares (Ireland)	$865,968	0.25%	2,454	$-9,080
AZN AstraZeneca PLC - American Depositary Shares	$849,985	0.25%	9,246	$140,631
FERG Ferguson Enterprises Inc. Common Stock	$844,881	0.25%	3,795	$-7,401
SPGI S&P Global Inc. Common Stock	$832,486	0.24%	1,593	$62,997	Up ×1
SE Sea Limited American Depositary Shares, each representing one Class A Ordinary Share	$827,547	0.24%	6,487	$-331,875
RJF Raymond James Financial, Inc. Common Stock	$817,885	0.24%	5,093	$-61,167
ISRG Intuitive Surgical, Inc. - Common Stock	$790,639	0.23%	1,396	$166,305
TMO Thermo Fisher Scientific Inc Common Stock	$778,781	0.23%	1,344	$134,189	Up ×1
RELX RELX PLC PLC American Depositary Shares (Each representing One Ordinary Share)	$772,022	0.23%	19,100	$-140,194
RYAAY Ryanair Holdings plc - American Depositary Shares, each representing five Ordinary Shares	$769,185	0.22%	10,655	$127,540
FLEX Flex Ltd. - Ordinary Shares	$751,263	0.22%	12,434	$30,464
NEE NextEra Energy, Inc. Common Stock	$734,322	0.21%	9,147	$43,814
TSLA Tesla, Inc. - Common Stock	$724,050	0.21%	1,610	$16,500	Up ×1
SMFG Sumitomo Mitsui Financial Group Inc Unsponsored American Depositary Shares (Japan)	$720,275	0.21%	37,262	$96,509
ETN Eaton Corporation, PLC Ordinary Shares	$686,071	0.20%	2,154	$-120,064
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B	$665,006	0.19%	1,323	$23,007	Up ×2
IVV iShares Trust	$641,104	0.19%	936	$80,899	Up ×2
TJX TJX Companies, Inc. (The) Common Stock	$625,961	0.18%	4,075	$42,886	Up ×1
SNPS Synopsys, Inc. - Common Stock	$620,031	0.18%	1,320	$-31,244
PGR Progressive Corporation (The) Common Stock	$609,835	0.18%	2,678	$-51,498
ZTS Zoetis Inc. Class A Common Stock	$608,214	0.18%	4,834	$-99,097
SPOT Spotify Technology S.A. Ordinary Shares	$595,809	0.17%	1,026	$-119,641	Up ×1
MT Arcelor Mittal NY Registry Shares NEW	$584,846	0.17%	12,834	$120,896
CSX CSX Corporation - Common Stock	$575,832	0.17%	15,885	$11,755
NWG NatWest Group plc American Depositary Shares, (each representing two (2) Ordinary Shares)	$562,800	0.16%	32,160	$107,736
AMAT Applied Materials, Inc. - Common Stock	$556,898	0.16%	2,167	$113,226
PLTR Palantir Technologies Inc. - Class A Common Stock	$532,539	0.16%	2,996	$-11,620	Up ×1
LLY Eli Lilly and Company Common Stock	$531,967	0.16%	495	$154,282
CRM Salesforce, Inc. Common Stock	$530,085	0.15%	2,001	$55,848
EME EMCOR Group, Inc. Common Stock	$515,128	0.15%	842	$-31,785
PG Procter & Gamble Company (The) Common Stock	$511,761	0.15%	3,571	$-36,924
MELI MercadoLibre, Inc. - Common Stock	$505,580	0.15%	251	$-80,992
CMI Cummins Inc. Common Stock	$500,241	0.15%	980	$86,318
EQIX Equinix, Inc. - Common Stock	$488,811	0.14%	638	$-10,897
SF Stifel Financial Corporation Common Stock	$484,852	0.14%	3,872	$45,496
CW Curtiss-Wright Corporation Common Stock	$468,580	0.14%	850	$7,081
GSK GSK plc American Depositary Shares (Each representing two Ordinary Shares)	$461,663	0.13%	9,414	$55,354
UBS UBS Group AG Registered Ordinary Shares	$458,840	0.13%	9,908	$52,612
ACGL Arch Capital Group Ltd. - Common Stock	$456,388	0.13%	4,758	$24,694
CBRE CBRE Group Inc Common Stock Class A	$454,232	0.13%	2,825	$9,125
LIN Linde plc - Ordinary Shares	$417,436	0.12%	979	$-47,589
MPWR Monolithic Power Systems, Inc. - Common Stock	$411,488	0.12%	454	$-6,483
RMD ResMed Inc. Common Stock	$401,049	0.12%	1,665	$-54,712
UBER Uber Technologies, Inc. Common Stock	$398,827	0.12%	4,881	$-79,267	Up ×1
CASY Caseys General Stores, Inc. - Common Stock	$394,083	0.12%	713	$-8,991
BBVA Banco Bilbao Vizcaya Argentaria S.A. Common Stock	$393,823	0.12%	16,895	$68,594
RCL Royal Caribbean Cruises Ltd. Common Stock	$392,720	0.11%	1,408	$-62,881
BP BP p.l.c. Common Stock	$384,809	0.11%	11,080	$2,992
DHI D.R. Horton, Inc. Common Stock	$384,561	0.11%	2,670	$-67,924
TSM Taiwan Semiconductor Manufacturing Company Ltd.	$380,167	0.11%	1,251	$30,775
MTD Mettler-Toledo International, Inc. Common Stock	$375,038	0.11%	269	$44,810
CCL Carnival Corporation Common Stock	$373,077	0.11%	12,216	$19,912
CR Crane Company Common Stock	$371,443	0.11%	2,014	$585
DRI Darden Restaurants, Inc. Common Stock	$363,440	0.11%	1,975	$-12,521
COST Costco Wholesale Corporation - Common Stock	$363,046	0.11%	421	$-25,719	Up ×1
AKRE Akre Focus ETF	$358,537	0.10%	5,473		Up ×1
NVT nVent Electric plc Ordinary Shares	$337,011	0.10%	3,305	$11,005
MNST Monster Beverage Corporation - Common Stock	$318,181	0.09%	4,150	$38,844
IWB iShares Trust	$313,317	0.09%	839	$6,679
AHCO AdaptHealth Corp. - Common Stock	$301,500	0.09%	30,271	$30,574
ICE Intercontinental Exchange Inc. Common Stock	$299,950	0.09%	1,852	$-12,075
GATX GATX Corporation Common Stock	$293,408	0.09%	1,730	$-8,996
No matches

Conviction holdings

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

Security	Value	% of portfolio	Streak
IWD	$64,757,031	18.93%	up ×4
IJH	$20,688,426	6.05%	up ×3
OAKM	$1,996,856	0.58%	up ×3
SCZ	$37,447	0.01%	up ×3
USRT	$33,721	0.01%	up ×4

Biggest new bets

New positions opened this quarter, largest first.

Security	Value	Shares	% of portfolio
AKRE	$358,537	5,473	0.10%
TTE	$266,980	4,081	0.08%
HII	$223,086	656	0.07%
NXT	$207,235	2,379	0.06%
VNLA	$191,646	3,900	0.06%
JAAA	$64,945	1,284	0.02%

Top movers (QoQ)

Security	Action	Shares Δ	Value Δ
IWD	Bought more	+19K	+$6.0M
EFV	Bought more	+3K	+$1.6M
OAKM	Bought more	+23K	+$731K
MSFT	Bought more	+43	-$488K
RACE	Price move only	+0	-$466K
BCS	Price move only	+0	+$365K
SE	Price move only	+0	-$332K
NFLX	Bought more	+11K	-$328K
EFG	Bought more	+3K	+$323K
AAPL	Bought more	+120	+$306K

4 positions hidden — reported move looks larger than the position itself (data completeness check)

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

Security	Quarter	Shares before	Value before	Price since exit
DFS	June 30, 2025	4,775	$815,093	No longer tracked
UNH	Sept. 30, 2025	2,178	$679,471	7.7%
PM	Sept. 30, 2025	3,060	$557,318	15.6%
NVO	Sept. 30, 2025	7,991	$551,539	-32.7%
CPRT	Sept. 30, 2025	10,466	$513,567	-39.5%
AMGN	June 30, 2025	1,415	$440,844	44.4%
MNDY	Sept. 30, 2025	1,237	$389,012	-59.3%
AVGO	June 30, 2025	2,290	$383,415	28.8%
PEN	June 30, 2025	1,413	$377,851	23.7%
PUK	June 30, 2025	15,250	$327,875	-1.8%
PSX	June 30, 2025	2,602	$321,295	121.8%
ICLR	June 30, 2025	1,804	$315,682	11.4%
HALO	June 30, 2025	4,753	$303,289	111.2%
USFD	Sept. 30, 2025	3,866	$297,721	26.5%
PLD	June 30, 2025	2,604	$291,102	22.6%
SFM	Sept. 30, 2025	1,718	$282,852	-40.7%
TEAM	Sept. 30, 2025	1,328	$269,704	17.7%
KEYS	Sept. 30, 2025	1,602	$262,504	119.9%
DXCM	Sept. 30, 2025	2,931	$255,847	26.9%
TDY	June 30, 2025	501	$249,353	20.5%
DECK	Sept. 30, 2025	2,367	$243,967	-21.9%
SAIA	June 30, 2025	667	$233,070	28.2%
OKE	June 30, 2025	2,342	$232,374	7.7%
HES	Sept. 30, 2025	1,663	$230,393	No longer tracked
BRO	Dec. 31, 2025	2,383	$223,502	-24.8%
EHC	Dec. 31, 2025	1,701	$216,062	12.9%
DT	Sept. 30, 2025	3,893	$214,933	22.4%
VNO	June 30, 2025	5,710	$211,213	-11.8%
BAH	Dec. 31, 2025	2,105	$210,395	-20.2%
PNFP	Sept. 30, 2025	1,901	$209,890	2.5%
SYK	Sept. 30, 2025	506	$200,189	-25.5%
VNO	Dec. 31, 2025	4,939	$200,178	1.4%
IVW	Dec. 31, 2025	534	$64,465	16.2%