Covenant Partners, LLC

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Covenant Partners, LLC reported 154 stock positions worth $324.5 million. Its top holding was iShares Russell 1000 Growth (IWF) at 19.5% of the portfolio, followed by iShares MSCI Eafe Value ETF (EFV, 8.8%) and iShares Russell 1000 Value E (IWD, 8.8%). Compared with Q3 2024, it opened 7 new positions, sold out of 30, added to 19 and reduced 72. The biggest buy was iShares Russell 1000 Growth (IWF, shares +3%) and the biggest sale Eli Lilly (LLY, shares −91%).

Most Recent 13F
Q2 2026
Location
Nashville, TN
CIK
0001302739
Portfolio Value
$324.5M (Q4 2024)
SEC Filing
0001398344-25-002752 ↗ filed Feb 14, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $343.1M Q1 2024 Q2 2024: $329.0M Q2 2024 Q3 2024: $343.6M Q3 2024 Q4 2024: $324.5M $324.5M Q4 2024 Q1 2025: $309.0M Q1 2025 Q2 2025: $335.0M Q2 2025 Q3 2025: $352.8M Q3 2025 Q4 2025: $342.0M Q4 2025 Q1 2026: $0 Q1 2026 Q2 2026: $0 Q2 2026

Holdings 154 stocks · $324.5M
IWF iShares Russell 1000 Growth 19.49% 157,443 $63.2M Add +2.9%
EFV iShares MSCI Eafe Value ETF 8.85% 546,981 $28.7M Add +7.6%
IWD iShares Russell 1000 Value E 8.78% 153,886 $28.5M Add +5.0%
EFG iShares MSCI Eafe Growth ETF 7.52% 251,846 $24.4M Add +9.0%
IWS iShares Russell Mid-Cap Valu 7.15% 179,261 $23.2M Add +2.3%
IWO iShares Russell 2000 Growth 4.79% 54,032 $15.6M Reduce -5.2%
IWN iShares Russell 2000 Value E 4.61% 91,042 $14.9M Reduce -5.5%
IJS iShares S&P Small-Cap 600 Va 3.31% 98,842 $10.7M Reduce -5.0%
SCZ iShares MSCI Eafe Small-Cap 2.47% 131,774 $8.0M Add +0.3%
MSFT Microsoft Corp. 1.63% 12,537 $5.3M Reduce -2.3%
NVDA Nvidia Corp. 1.61% 38,850 $5.2M Reduce -8.6%
AAPL Apple Inc. 1.23% 15,995 $4.0M No change
AMZN Amazon.com Inc. 0.97% 14,409 $3.2M Reduce -10.3%
ACN Accenture PLC Class A 0.68% 6,246 $2.2M Reduce -3.0%
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 0.67% 27,564 $2.2M Reduce -6.6%
AMP Ameriprise Financial Inc. 0.64% 3,882 $2.1M Reduce -0.4%
RACE Ferrari NV 0.62% 4,764 $2.0M No change
META Meta Platforms Inc. Class A 0.60% 3,350 $2.0M Reduce -11.4%
JPM JPMorgan Chase & Co. 0.57% 7,713 $1.8M Reduce -0.1%
SNA Snap-on Inc. 0.55% 5,254 $1.8M Reduce -1.3%
ASML ASML Holding NV-NY Reg SHS 0.55% 2,566 $1.8M No change
HD Home Depot Inc. 0.53% 4,397 $1.7M Reduce -4.8%
V Visa Inc. Class A 0.51% 5,192 $1.6M Reduce -8.7%
ABBV Abbvie Inc. 0.50% 9,178 $1.6M Reduce -1.4%
PAYX Paychex Inc. 0.47% 10,822 $1.5M Reduce -12.6%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.46% 5,288 $1.5M Reduce -0.7%
NVO Novo-Nordisk A/S-Spons ADR 0.46% 17,396 $1.5M Reduce -0.7%
CP Canadian Pacific Kansas City 0.46% 20,591 $1.5M No change
SAP Sap SE-Sponsored ADR 0.44% 5,763 $1.4M No change
DFS Discover Financial Services 0.44% 8,180 $1.4M No change
IIIV I3 Verticals Inc. Class A 0.43% 60,869 $1.4M Reduce -37.2%
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.42% 1,302 $1.4M No change
BCS Barclays PLC-Spons ADR 0.42% 102,166 $1.4M Add +0.8%
BLK BlackRock Inc. 0.40% 1,264 $1.3M Reduce -6.7%
PANW Palo Alto Networks Inc. 0.36% 6,494 $1.2M No change
NFLX Netflix Inc. 0.35% 1,284 $1.1M No change
UNH Unitedhealth Group Inc. 0.34% 2,178 $1.1M Reduce -1.2%
STE Steris PLC 0.32% 4,999 $1.0M Reduce -0.8%
CVX Chevron Corp. 0.32% 7,089 $1.0M Reduce -1.4%
JNK SS SPDR BB High Yield Bond 0.30% 10,245 $978K Reduce -6.3%
ABT Abbott Laboratories 0.29% 8,267 $935K Reduce -0.9%
AON Aon PLC Class A 0.27% 2,454 $881K No change
PHG Koninklijke Philips NVR- NY 0.27% 34,652 $877K Reduce -0.0%
RELX Relx PLC - Spon ADR 0.27% 19,100 $868K No change
ACGL Arch Capital Group Ltd. 0.25% 8,784 $811K No change
SPGI S&P Global Inc. 0.25% 1,610 $802K Reduce -4.1%
RJF Raymond James Financial Inc. 0.24% 5,093 $791K No change
ZTS Zoetis Inc. 0.24% 4,834 $788K Reduce -1.1%
ING ING Groep N.V.-Sponsored ADR 0.24% 49,131 $770K No change
FERG Ferguson Enterprises Inc. 0.24% 4,418 $767K No change
NVS Novartis AG-Sponsored ADR 0.23% 7,542 $734K Reduce -0.9%
ISRG Intuitive Surgical Inc. 0.22% 1,396 $729K Reduce -0.4%
EME Emcor Group Inc. 0.22% 1,582 $718K No change
ETN Eaton Corp. PLC 0.22% 2,154 $715K No change
TRGP Targa Resources Corp. 0.22% 4,000 $714K Add +100.0%
PGR Progressive Corp. 0.22% 2,963 $710K Reduce -6.4%
CRM Salesforce Inc. 0.22% 2,093 $700K Reduce -7.3%
DECK Deckers Outdoor Corp. 0.21% 3,426 $696K No change
TMO Thermo Fisher Scientific Inc. 0.21% 1,329 $691K No change
MELI MercadoLibre Inc. 0.21% 399 $678K Reduce -9.9%
AZN Astrazeneca PLC-Spons ADR 0.21% 10,340 $677K Reduce -25.8%
NEE Nextera Energy Inc. 0.20% 9,147 $656K Reduce -2.5%
SNPS Synopsys Inc. 0.20% 1,320 $641K No change
LIN Linde PLC 0.19% 1,499 $628K Reduce -35.5%
RMD Resmed Inc. 0.19% 2,655 $607K Reduce -0.9%
EQIX Equinix Inc. 0.19% 638 $602K Reduce -1.7%
CPRT Copart Inc. 0.19% 10,466 $601K No change
PG The Procter & Gamble Co. 0.18% 3,571 $599K Reduce -14.2%
IBN Icici Bank Ltd.-Spon ADR 0.18% 19,407 $579K Reduce -0.0%
ADBE Adobe Inc. 0.18% 1,288 $573K Reduce -10.7%
CSX CSX Corp. 0.17% 16,925 $546K Add +90.5%
SMFG Sumitomo Mitsui-Spons ADR 0.17% 37,262 $540K No change
RCL Royal Caribbean Cruises Ltd. 0.16% 2,278 $526K Reduce -22.4%
FLEX Flex Ltd. 0.16% 13,659 $524K No change
IVV iShares Core S&P 500 ETF 0.16% 875 $515K No change
COST Costco Wholesale Corp. 0.16% 561 $514K Add +2.9%
MTD Mettler-Toledo International 0.16% 414 $507K No change
CR Crane Co. 0.15% 3,291 $499K Reduce -4.8%
DHI D.R. Horton Inc. 0.15% 3,525 $493K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.15% 4,034 $487K No change
TSLA Tesla Inc. 0.15% 1,185 $479K Reduce -0.1%
RYAAY Ryanair Holdings PLC-SP ADR 0.14% 10,655 $464K No change
SPOT Spotify Technology SA 0.14% 1,024 $458K Add +2.5%
SE Sea Ltd.-ADR 0.14% 4,248 $451K Add +2.4%
FDS Factset Research Systems Inc. 0.13% 894 $429K Reduce -7.6%
MPWR Monolithic Power Systems Inc. 0.13% 710 $420K No change
SAIA Saia Inc. 0.13% 921 $420K No change
SF Stifel Financial Corp. 0.13% 3,872 $411K No change
RGA Reinsurance Group of America 0.13% 1,905 $407K No change
MNDY Monday.com Ltd. 0.12% 1,650 $388K No change
DRI Darden Restaurants Inc. 0.12% 2,057 $384K Reduce -11.9%
LLY Eli Lilly & Co. 0.12% 496 $383K Reduce -90.8%
SPSC SPS Commerce Inc. 0.12% 2,065 $380K Reduce -1.0%
ICLR Icon PLC 0.12% 1,804 $378K Reduce -50.2%
ULTA Ulta Beauty Inc. 0.12% 862 $375K No change
CBRE CBRE Group Inc. Class A 0.11% 2,825 $371K No change
CRL Charles River Laboratories 0.11% 1,989 $367K Reduce -23.1%
AMAT Applied Materials Inc. 0.11% 2,167 $352K No change
BRK.B Berkshire Hathaway Inc. Class B 0.11% 772 $350K Add +1.9%
CMI Cummins Inc. 0.11% 994 $347K Reduce -14.5%
BAH Booz Allen Hamilton Holdings 0.10% 2,638 $340K No change
LMT Lockheed Martin Corp. 0.10% 683 $332K Reduce -70.5%
BP BP PLC-Spons ADR 0.10% 11,080 $328K No change
NWG Natwest Group PLC -Spon ADR 0.10% 32,160 $327K Add +2.1%
BX Blackstone Inc. 0.10% 1,890 $326K Reduce -0.1%
TEAM Atlassian Corp. Class A 0.10% 1,328 $323K Add +4.2%
TRI Thomson Reuters Corp. 0.10% 1,991 $319K No change
GSK GSK PLC-Spon ADR 0.10% 9,414 $318K Reduce -0.0%
ON On Semiconductor 0.10% 5,020 $317K No change
KEYS Keysight Technologies Inc. 0.10% 1,963 $315K Add +5.4%
QLYS Qualys Inc. 0.10% 2,228 $312K Add +1.2%
CG The Carlyle Group Inc. 0.10% 6,129 $309K New
TTWO Take-Two Interactive Softwre 0.09% 1,632 $300K No change
UBS UBS Group AG-Reg 0.09% 9,908 $300K No change
BUD Anheuser-Busch Inbev-SPN ADR 0.09% 5,960 $298K Reduce -0.0%
CASY Casey's General Stores Inc. 0.09% 751 $298K Reduce -5.1%
CHD Church & Dwight Co. Inc. 0.09% 2,834 $297K Reduce -2.4%
UBER Uber Technologies Inc. 0.09% 4,880 $294K No change
POOL Pool Corp. 0.09% 857 $292K Reduce -2.5%
AHCO Adapthealth Corp. 0.09% 30,271 $288K No change
SBUX Starbucks Corp. 0.09% 3,032 $277K No change
ICE Intercontinental Exchange Inc. 0.09% 1,852 $276K Reduce -27.9%
OKE Oneok Inc. 0.08% 2,728 $274K No change
IWB iShares Russell 1000 ETF 0.08% 839 $270K No change
GATX Gatx Corp. 0.08% 1,730 $268K No change
LH Labcorp Holdings Inc. 0.08% 1,145 $263K Reduce -1.0%
ONB Old National Bancorp 0.08% 12,095 $263K No change
USFD US Foods Holding Corp. 0.08% 3,750 $253K Reduce -0.3%
TSM Taiwan Semiconductor-SP ADR 0.08% 1,239 $245K No change
PLTR Palantir Technologies Inc. Class A 0.08% 3,226 $244K New
BRO Brown & Brown Inc. 0.07% 2,383 $243K Reduce -2.9%
ENSG The Ensign Group Inc. 0.07% 1,786 $237K No change
NVT Nvent Electric PLC 0.07% 3,477 $237K Reduce -37.0%
MAS Masco Corp. 0.07% 3,238 $235K Reduce -2.4%
PNFP Pinnacle Financial Partners 0.07% 2,003 $229K New
TDY Teledyne Technologies Inc. 0.07% 485 $225K Reduce -6.4%
HES Hess Corp. 0.07% 1,680 $223K No change
HLNE Hamilton Lane Inc. Class A 0.07% 1,508 $223K No change
TTE Totalenergies SE -Spon ADR 0.07% 4,081 $222K No change
MNST Monster Beverage Corp. 0.07% 4,150 $218K Reduce -58.1%
PEN Penumbra Inc. 0.07% 908 $216K New
FBK FB Financial Corp. filed as FB FINL CORP 0.07% 4,103 $211K New
SJNK SS SPDR BB St Hi Yield ETF 0.06% 8,317 $210K Reduce -6.4%
VNO Vornado Realty Trust 0.06% 4,939 $208K New
FN Fabrinet 0.06% 930 $204K Reduce -3.9%
ALSN Allison Transmission Holding 0.06% 1,870 $202K New
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.06% 18,210 $189K Reduce -50.8%
IVW iShares S&P 500 Growth ETF 0.05% 1,733 $176K Reduce -31.7%
BBVA Banco Bilbao Vizcaya-SP ADR 0.05% 16,895 $164K No change
IWR iShares Russell Mid-Cap ETF 0.05% 1,758 $155K Reduce -17.9%
IVE iShares S&P 500 Value ETF 0.05% 769 $147K Reduce -22.9%
EEM iShares MSCI Emerging Market 0.01% 979 $41K Add +20.3%
USRT iShares Core US REIT ETF 0.01% 400 $23K Add +26.2%
IWM iShares Russell 2000 ETF 0.01% 89 $20K No change

Portfolio Sells Q3 2024 → Q4 2024
LLY Eli Lilly & Co. Reduce -90.8% 0.12% −1.27
MRK Merck & Co. Inc. Sold out 0.00% −0.39
UNP Union Pacific Corp. Sold out 0.00% −0.31
LMT Lockheed Martin Corp. Reduce -70.5% 0.10% −0.29
PLD Prologis Inc. Sold out 0.00% −0.26
GOOGL Alphabet Inc. Class A Sold out 0.00% −0.21
AMGN Amgen Inc. Sold out 0.00% −0.19
ICLR Icon PLC Reduce -50.2% 0.12% −0.19
PM Philip Morris International Sold out 0.00% −0.18
IIIV I3 Verticals Inc. Class A Reduce -37.2% 0.43% −0.17
SYK Stryker Corp. Sold out 0.00% −0.16
NVO Novo-Nordisk A/S-Spons ADR Reduce -0.7% 0.46% −0.15
GOOG Alphabet Inc. Class C Sold out 0.00% −0.14
LIN Linde PLC Reduce -35.5% 0.19% −0.13
SNY Sanofi-ADR Sold out 0.00% −0.13
TDG Transdigm Group Inc. Sold out 0.00% −0.11
WDAY Workday Inc. Class A Sold out 0.00% −0.11
AZN Astrazeneca PLC-Spons ADR Reduce -25.8% 0.21% −0.11
SUN Sunoco LP Sold out 0.00% −0.10
ENTG Entegris Inc. Sold out 0.00% −0.10
COO The Cooper Cos Inc. Sold out 0.00% −0.10
INTU Intuit Inc. Sold out 0.00% −0.09
NU Nu Holdings Ltd./Cayman Isl-A Reduce -50.8% 0.06% −0.09
RTX RTX Corp. Sold out 0.00% −0.08
MNST Monster Beverage Corp. Reduce -58.1% 0.07% −0.08
ALC Alcon Inc. Sold out 0.00% −0.08
VUG Vanguard Mrngstar GR ETF-Sui Sold out 0.00% −0.08
BPOP Popular Inc. Sold out 0.00% −0.08
WST West Pharmaceutical Services Sold out 0.00% −0.08
IWN iShares Russell 2000 Value E Reduce -5.5% 4.61% −0.07
SMG Scotts Miracle-Gro Co. Sold out 0.00% −0.07
ET Energy Transfer LP Sold out 0.00% −0.07
SYY Sysco Corp. Sold out 0.00% −0.07
AKAM Akamai Technologies Inc. Sold out 0.00% −0.06
BR Broadridge Financial Solutio Sold out 0.00% −0.06
DUK Duke Energy Corp. Sold out 0.00% −0.06
PHG Koninklijke Philips NVR- NY Reduce -0.0% 0.27% −0.06
MELI MercadoLibre Inc. Reduce -9.9% 0.21% −0.06
GOF Guggenheim Strategic Opport Sold out 0.00% −0.05
ADBE Adobe Inc. Reduce -10.7% 0.18% −0.04
NVT Nvent Electric PLC Reduce -37.0% 0.07% −0.04
STE Steris PLC Reduce -0.8% 0.32% −0.04
UNH Unitedhealth Group Inc. Reduce -1.2% 0.34% −0.04
CRL Charles River Laboratories Reduce -23.1% 0.11% −0.04
ICE Intercontinental Exchange Inc. Reduce -27.9% 0.09% −0.04
ZTS Zoetis Inc. Reduce -1.1% 0.24% −0.04
ABBV Abbvie Inc. Reduce -1.4% 0.50% −0.03
NEE Nextera Energy Inc. Reduce -2.5% 0.20% −0.03
NVS Novartis AG-Sponsored ADR Reduce -0.9% 0.23% −0.03
META Meta Platforms Inc. Class A Reduce -11.4% 0.60% −0.03

Portfolio Buys Q3 2024 → Q4 2024
IWF iShares Russell 1000 Growth Add +2.9% 19.49% +2.77
IWD iShares Russell 1000 Value E Add +5.0% 8.78% +0.68
IWS iShares Russell Mid-Cap Valu Add +2.3% 7.15% +0.40
EFV iShares MSCI Eafe Value ETF Add +7.6% 8.85% +0.33
EFG iShares MSCI Eafe Growth ETF Add +9.0% 7.52% +0.28
TRGP Targa Resources Corp. Add +100.0% 0.22% +0.13
CG The Carlyle Group Inc. New 0.10% +0.10
CSX CSX Corp. Add +90.5% 0.17% +0.08
PLTR Palantir Technologies Inc. Class A New 0.08% +0.08
PNFP Pinnacle Financial Partners New 0.07% +0.07
PEN Penumbra Inc. New 0.07% +0.07
FBK FB Financial Corp. New 0.07% +0.07
VNO Vornado Realty Trust New 0.06% +0.06
ALSN Allison Transmission Holding New 0.06% +0.06
BCS Barclays PLC-Spons ADR Add +0.8% 0.42% +0.06
TEAM Atlassian Corp. Class A Add +4.2% 0.10% +0.04
SPOT Spotify Technology SA Add +2.5% 0.14% +0.03
SE Sea Ltd.-ADR Add +2.4% 0.14% +0.03
COST Costco Wholesale Corp. Add +2.9% 0.16% +0.02
NWG Natwest Group PLC -Spon ADR Add +2.1% 0.10% +0.01
QLYS Qualys Inc. Add +1.2% 0.10% +0.01
KEYS Keysight Technologies Inc. Add +5.4% 0.10% +0.01
BRK.B Berkshire Hathaway Inc. Class B Add +1.9% 0.11% +0.01
EEM iShares MSCI Emerging Market Add +20.3% 0.01% +0.00
USRT iShares Core US REIT ETF Add +26.2% 0.01% +0.00
SCZ iShares MSCI Eafe Small-Cap Add +0.3% 2.47% −0.12

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 0$0
Q1 2026 0$0
Q4 2025 135$342.0MIWF, IWD, EFV, EFG, IJH
Q3 2025 135$352.8MIWF, IWD, EFV, EFG, IWS
Q2 2025 146$335.0MIWF, IWD, EFV, EFG, IWS
Q1 2025 144$309.0MIWF, IWD, EFV, IWS, EFG
Q4 2024 154$324.5MIWF, EFV, IWD, EFG, IWS
Q3 2024 177$343.6MIWF, EFV, IWD, EFG, IWS
Q2 2024 178$329.0MIWF, EFV, EFG, IWD, IWS
Q1 2024 190$343.1MIWF, EFV, EFG, IWD, IWS