Covenant Partners, LLC
CIK 1302739 · View on SEC EDGAR ↗
- Portfolio value
- $342.0M
- Positions
- 135
- As of
- Dec. 31, 2025 Data as of Q4 2025
#4,789 of 9,443 by 13F value · top 50.7%
Portfolio value QoQ: -3.0% 13F does not disclose cash
- Top 10 holdings weight
- 76.35%
- Top 25 holdings weight
- 83.92%
- Positions above 1%
- 8
- Effective number of positions
- 6.9
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: 5.0 quarters Tracked Q4 2024–Q4 2025 · 72.6% still held
- New positions
- 6
- Increased
- 26
- Decreased
- 7
- Closed
- 5
On this page
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Sector breakdown
Technology
8.1%
Industrials
4.0%
Financials
3.4%
Healthcare
3.4%
Financial Services
2.7%
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
72.4%
Full portfolio 135 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| IWF | $103,654,371 | 30.31% | 219,004 | $-110,869 | Down ×1 | ||
| IWD | $64,757,031 | 18.93% | 307,868 | $6,012,081 | Up ×4 | ||
| EFV | $27,185,716 | 7.95% | 380,699 | $1,555,472 | Up ×2 | ||
| EFG | $23,422,176 | 6.85% | 205,602 | $322,664 | Up ×2 | ||
| IJH | $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 | $1,996,856 | 0.58% | 70,411 | $730,965 | Up ×3 | ||
| HYG | $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 | $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 | |||
| BRKB | $665,006 | 0.19% | 1,323 | $23,007 | Up ×2 | ||
| IVV | $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 | $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 | $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.
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 (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 |
|---|---|---|---|---|
| IJS | March 31, 2025 | 98,842 | $10,735,230 | No longer tracked |
| IIIV | March 31, 2025 | 60,869 | $1,402,422 | -33.0% |
| DFS | June 30, 2025 | 4,775 | $815,093 | No longer tracked |
| TRGP | March 31, 2025 | 4,000 | $714,000 | 47.0% |
| UNH | Sept. 30, 2025 | 2,178 | $679,471 | 14.4% |
| ADBE | March 31, 2025 | 1,288 | $572,748 | -29.4% |
| PM | Sept. 30, 2025 | 3,060 | $557,318 | 15.6% |
| NVO | Sept. 30, 2025 | 7,991 | $551,539 | -15.4% |
| CPRT | Sept. 30, 2025 | 10,466 | $513,567 | -25.8% |
| AMGN | June 30, 2025 | 1,415 | $440,844 | 57.2% |
| FDS | March 31, 2025 | 894 | $429,371 | -35.0% |
| MNDY | Sept. 30, 2025 | 1,237 | $389,012 | -52.8% |
| AVGO | June 30, 2025 | 2,290 | $383,415 | 31.2% |
| SPSC | March 31, 2025 | 2,065 | $379,940 | -39.1% |
| PEN | June 30, 2025 | 1,413 | $377,851 | 27.3% |
| ULTA | March 31, 2025 | 862 | $374,910 | 46.3% |
| CRL | March 31, 2025 | 1,989 | $367,170 | 92.7% |
| LMT | March 31, 2025 | 683 | $331,898 | 35.2% |
| PUK | June 30, 2025 | 15,250 | $327,875 | 11.5% |
| BX | March 31, 2025 | 1,890 | $325,874 | 3.8% |
| PSX | June 30, 2025 | 2,602 | $321,295 | 103.5% |
| TRI | March 31, 2025 | 1,991 | $319,317 | -39.8% |
| ICLR | June 30, 2025 | 1,804 | $315,682 | 19.4% |
| QLYS | March 31, 2025 | 2,228 | $312,411 | 45.6% |
| CG | March 31, 2025 | 6,129 | $309,454 | 13.8% |
| HALO | June 30, 2025 | 4,753 | $303,289 | 104.1% |
| USFD | Sept. 30, 2025 | 3,866 | $297,721 | 41.3% |
| CHD | March 31, 2025 | 2,834 | $296,749 | -8.6% |
| POOL | March 31, 2025 | 857 | $292,186 | -38.7% |
| PLD | June 30, 2025 | 2,604 | $291,102 | 34.3% |
| SFM | Sept. 30, 2025 | 1,718 | $282,852 | -27.5% |
| TEAM | Sept. 30, 2025 | 1,328 | $269,704 | 4.8% |
| KEYS | Sept. 30, 2025 | 1,602 | $262,504 | 85.5% |
| DXCM | Sept. 30, 2025 | 2,931 | $255,847 | 35.7% |
| TDY | June 30, 2025 | 501 | $249,353 | 27.5% |
| DECK | Sept. 30, 2025 | 2,367 | $243,967 | -9.8% |
| ENSG | March 31, 2025 | 1,786 | $237,288 | 42.0% |
| NVT | March 31, 2025 | 3,477 | $236,993 | 200.5% |
| SAIA | June 30, 2025 | 667 | $233,070 | 35.8% |
| OKE | June 30, 2025 | 2,342 | $232,374 | 19.1% |
| HES | Sept. 30, 2025 | 1,663 | $230,393 | No longer tracked |
| BRO | Dec. 31, 2025 | 2,383 | $223,502 | -10.4% |
| HLNE | March 31, 2025 | 1,508 | $223,260 | -29.9% |
| EHC | Dec. 31, 2025 | 1,701 | $216,062 | 15.8% |
| DT | Sept. 30, 2025 | 3,893 | $214,933 | 1.5% |
| FBK | March 31, 2025 | 4,103 | $211,346 | 31.2% |
| VNO | June 30, 2025 | 5,710 | $211,213 | 1.0% |
| BAH | Dec. 31, 2025 | 2,105 | $210,395 | -8.3% |
| PNFP | Sept. 30, 2025 | 1,901 | $209,890 | 10.6% |
| FN | March 31, 2025 | 930 | $204,489 | 136.1% |
| ALSN | March 31, 2025 | 1,870 | $202,073 | 32.5% |
| SYK | Sept. 30, 2025 | 506 | $200,189 | -7.3% |
| VNO | Dec. 31, 2025 | 4,939 | $200,178 | 16.1% |
| NU | March 31, 2025 | 18,210 | $188,656 | 45.5% |
| IVW | Dec. 31, 2025 | 534 | $64,465 | No longer tracked |