Covenant Partners, LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 13, 2025), Covenant Partners, LLC reported 144 stock positions worth $309.0 million. Its top holding was iShares Russell 1000 Growth (IWF) at 25.1% of the portfolio, followed by iShares Russell 1000 Value E (IWD, 16.7%) and iShares MSCI Eafe Value ETF (EFV, 7.3%). Compared with Q4 2024, it opened 12 new positions, sold out of 22, added to 14 and reduced 57. The biggest buy was iShares Russell 1000 Value E (IWD, shares +78%) and the biggest sale an exit from iShares S&P Small-Cap 600 Va (IJS).

Most Recent 13F
Q2 2026
Location
Nashville, TN
CIK
0001302739
Portfolio Value
$309.0M (Q1 2025)
SEC Filing
0001398344-25-009246 ↗ filed May 13, 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 Q4 2024 Q1 2025: $309.0M $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 144 stocks · $309.0M
IWF iShares Russell 1000 Growth 25.13% 215,103 $77.7M Add +36.6%
IWD iShares Russell 1000 Value E 16.67% 273,773 $51.5M Add +77.9%
EFV iShares MSCI Eafe Value ETF 7.29% 382,150 $22.5M Reduce -30.1%
IWS iShares Russell Mid-Cap Valu 7.18% 176,163 $22.2M Reduce -1.7%
EFG iShares MSCI Eafe Growth ETF 6.75% 208,608 $20.9M Reduce -17.2%
IWN iShares Russell 2000 Value E 3.00% 61,441 $9.3M Reduce -32.5%
IWO iShares Russell 2000 Growth 2.52% 30,446 $7.8M Reduce -43.6%
MSFT Microsoft Corp. 1.80% 14,826 $5.6M Add +18.3%
AAPL Apple Inc. 1.21% 16,784 $3.7M Add +4.9%
NVDA Nvidia Corp. 1.04% 29,674 $3.2M Reduce -23.6%
ACN Accenture PLC Class A 0.63% 6,222 $1.9M Reduce -0.4%
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 0.63% 24,505 $1.9M Reduce -11.1%
AMP Ameriprise Financial Inc. 0.61% 3,882 $1.9M No change
JPM JPMorgan Chase & Co. 0.59% 7,451 $1.8M Reduce -3.4%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.59% 5,288 $1.8M No change
IJH iShares Core S&P Midcap ETF 0.58% 30,877 $1.8M New
V Visa Inc. Class A 0.58% 5,122 $1.8M Reduce -1.4%
SNA Snap-on Inc. 0.57% 5,254 $1.8M No change
AMZN Amazon.com Inc. 0.56% 9,107 $1.7M Reduce -36.8%
RACE Ferrari NV 0.56% 4,025 $1.7M Reduce -15.5%
PAYX Paychex Inc. 0.54% 10,822 $1.7M No change
META Meta Platforms Inc. Class A 0.53% 2,838 $1.6M Reduce -15.3%
HD Home Depot Inc. 0.52% 4,368 $1.6M Reduce -0.7%
ASML ASML Holding NV-NY Reg SHS 0.52% 2,407 $1.6M Reduce -6.2%
SAP Sap SE-Sponsored ADR 0.50% 5,763 $1.5M No change
CP Canadian Pacific Kansas City 0.47% 20,591 $1.4M No change
ABBV Abbvie Inc. 0.43% 6,351 $1.3M Reduce -30.8%
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.42% 1,302 $1.3M No change
CVX Chevron Corp. 0.40% 7,439 $1.2M Add +4.9%
BLK BlackRock Inc. 0.39% 1,264 $1.2M No change
NFLX Netflix Inc. 0.38% 1,269 $1.2M Reduce -1.2%
BCS Barclays PLC-Spons ADR 0.38% 76,357 $1.2M Reduce -25.3%
UNH Unitedhealth Group Inc. 0.37% 2,178 $1.1M No change
PANW Palo Alto Networks Inc. 0.36% 6,494 $1.1M No change
ABT Abbott Laboratories 0.35% 8,267 $1.1M No change
STE Steris PLC 0.34% 4,598 $1.0M Reduce -8.0%
AON Aon PLC Class A 0.32% 2,454 $979K No change
RELX Relx PLC - Spon ADR 0.31% 19,100 $963K No change
ING ING Groep N.V.-Sponsored ADR 0.31% 49,131 $962K No change
PHG Koninklijke Philips NVR- NY 0.28% 34,652 $880K No change
JNK SS SPDR BB High Yield Bond 0.28% 9,155 $872K Reduce -10.6%
SE Sea Ltd.-ADR 0.27% 6,511 $850K Add +53.3%
NVS Novartis AG-Sponsored ADR 0.27% 7,542 $841K No change
BRK.B Berkshire Hathaway Inc. Class B 0.27% 1,578 $840K Add +104.4%
DFS Discover Financial Services 0.26% 4,775 $815K Reduce -41.6%
SPGI S&P Global Inc. 0.26% 1,581 $803K Reduce -1.8%
ZTS Zoetis Inc. 0.26% 4,834 $796K No change
NVO Novo-Nordisk A/S-Spons ADR 0.25% 11,085 $770K Reduce -36.3%
AZN Astrazeneca PLC-Spons ADR 0.25% 10,340 $760K No change
PGR Progressive Corp. 0.25% 2,678 $758K Reduce -9.6%
ACGL Arch Capital Group Ltd. 0.23% 7,432 $715K Reduce -15.4%
RJF Raymond James Financial Inc. 0.23% 5,093 $707K No change
ISRG Intuitive Surgical Inc. 0.22% 1,396 $691K No change
TMO Thermo Fisher Scientific Inc. 0.21% 1,329 $661K No change
NEE Nextera Energy Inc. 0.21% 9,147 $648K No change
PG The Procter & Gamble Co. 0.20% 3,571 $609K No change
FERG Ferguson Enterprises Inc. 0.20% 3,795 $608K Reduce -14.1%
OAKM Oakmark US Large Cap ETF 0.19% 24,442 $598K New
CPRT Copart Inc. 0.19% 10,466 $592K No change
MT Arcelormittal-NY Registered 0.19% 20,448 $590K New
ETN Eaton Corp. PLC 0.19% 2,154 $586K No change
SMFG Sumitomo Mitsui-Spons ADR 0.19% 37,262 $576K No change
SNPS Synopsys Inc. 0.18% 1,320 $566K No change
SPOT Spotify Technology SA 0.18% 1,025 $564K Add +0.1%
CRM Salesforce Inc. 0.17% 2,001 $537K Reduce -4.4%
EQIX Equinix Inc. 0.17% 638 $520K No change
OLLI Ollie's Bargain Outlet Holdi 0.17% 4,433 $516K New
IVV iShares Core S&P 500 ETF 0.16% 875 $492K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.16% 4,034 $491K No change
MELI MercadoLibre Inc. 0.16% 251 $490K Reduce -37.1%
SFM Sprouts Farmers Market Inc. 0.16% 3,201 $489K New
IBN Icici Bank Ltd.-Spon ADR 0.16% 15,500 $489K Reduce -20.1%
CSX CSX Corp. 0.15% 15,885 $467K Reduce -6.1%
LIN Linde PLC 0.15% 979 $456K Reduce -34.7%
RYAAY Ryanair Holdings PLC-SP ADR 0.15% 10,655 $451K No change
AMGN Amgen Inc. 0.14% 1,415 $441K New
PM Philip Morris International 0.13% 2,598 $412K New
FLEX Flex Ltd. 0.13% 12,434 $411K Reduce -9.0%
DRI Darden Restaurants Inc. 0.13% 1,975 $410K Reduce -4.0%
LLY Eli Lilly & Co. 0.13% 496 $410K No change
MNDY Monday.com Ltd. 0.13% 1,650 $401K No change
COST Costco Wholesale Corp. 0.13% 420 $397K Reduce -25.1%
AVGO Broadcom Inc. 0.12% 2,290 $383K New
NWG Natwest Group PLC -Spon ADR 0.12% 32,160 $383K No change
PEN Penumbra Inc. 0.12% 1,413 $378K Add +55.6%
BP BP PLC-Spons ADR 0.12% 11,080 $374K No change
RMD Resmed Inc. 0.12% 1,665 $373K Reduce -37.3%
CBRE CBRE Group Inc. Class A 0.12% 2,825 $369K No change
SF Stifel Financial Corp. 0.12% 3,872 $365K No change
GSK GSK PLC-Spon ADR 0.12% 9,414 $365K No change
UBER Uber Technologies Inc. 0.12% 4,880 $356K No change
DHI D.R. Horton Inc. 0.11% 2,670 $339K Reduce -24.3%
CASY Casey's General Stores Inc. 0.11% 780 $339K Add +3.9%
AHCO Adapthealth Corp. 0.11% 30,271 $328K No change
PUK Prudential PLC-ADR 0.11% 15,250 $328K New
PSX Phillips 66 0.10% 2,602 $321K New
ICE Intercontinental Exchange Inc. 0.10% 1,852 $319K No change
MTD Mettler-Toledo International 0.10% 269 $318K Reduce -35.0%
ICLR Icon PLC 0.10% 1,804 $316K No change
AMAT Applied Materials Inc. 0.10% 2,167 $314K No change
EME Emcor Group Inc. 0.10% 842 $311K Reduce -46.8%
CR Crane Co. 0.10% 2,014 $309K Reduce -38.8%
TSLA Tesla Inc. 0.10% 1,187 $308K Add +0.2%
CMI Cummins Inc. 0.10% 980 $307K Reduce -1.4%
UBS UBS Group AG-Reg 0.10% 9,908 $303K No change
HALO Halozyme Therapeutics Inc. 0.10% 4,753 $303K New
SBUX Starbucks Corp. 0.10% 3,032 $297K No change
BRO Brown & Brown Inc. 0.10% 2,383 $296K No change
PLD Prologis Inc. 0.09% 2,604 $291K New
RCL Royal Caribbean Cruises Ltd. 0.09% 1,408 $289K Reduce -38.2%
TEAM Atlassian Corp. Class A 0.09% 1,328 $282K No change
RGA Reinsurance Group of America 0.09% 1,431 $282K Reduce -24.9%
GATX Gatx Corp. 0.09% 1,730 $269K No change
LH Labcorp Holdings Inc. 0.09% 1,145 $266K No change
HES Hess Corp. 0.09% 1,663 $266K Reduce -1.0%
DECK Deckers Outdoor Corp. 0.09% 2,367 $265K Reduce -30.9%
TTE Totalenergies SE -Spon ADR 0.09% 4,081 $264K No change
MPWR Monolithic Power Systems Inc. 0.09% 454 $263K Reduce -36.1%
IWB iShares Russell 1000 ETF 0.08% 839 $257K No change
PLTR Palantir Technologies Inc. Class A 0.08% 2,983 $252K Reduce -7.5%
TDY Teledyne Technologies Inc. 0.08% 501 $249K Add +3.3%
USFD US Foods Holding Corp. 0.08% 3,750 $245K No change
MNST Monster Beverage Corp. 0.08% 4,150 $243K No change
KEYS Keysight Technologies Inc. 0.08% 1,602 $240K Reduce -18.4%
SAIA Saia Inc. 0.08% 667 $233K Reduce -27.6%
OKE Oneok Inc. 0.08% 2,342 $232K Reduce -14.2%
BBVA Banco Bilbao Vizcaya-SP ADR 0.07% 16,895 $230K No change
BUD Anheuser-Busch Inbev-SPN ADR 0.07% 3,729 $230K Reduce -37.4%
ONB Old National Bancorp 0.07% 10,766 $228K Reduce -11.0%
MAS Masco Corp. 0.07% 3,238 $225K No change
BAH Booz Allen Hamilton Holdings 0.07% 2,105 $220K Reduce -20.2%
TTWO Take-Two Interactive Softwre 0.07% 1,050 $218K Reduce -35.7%
PNFP Pinnacle Financial Partners 0.07% 2,003 $212K No change
VNO Vornado Realty Trust 0.07% 5,710 $211K Add +15.6%
TSM Taiwan Semiconductor-SP ADR 0.07% 1,239 $206K No change
ON On Semiconductor 0.07% 5,020 $204K No change
SJNK SS SPDR BB St Hi Yield ETF 0.06% 7,426 $187K Reduce -10.7%
IVW iShares S&P 500 Growth ETF 0.05% 1,733 $161K No change
IVE iShares S&P 500 Value ETF 0.05% 769 $147K No change
IWR iShares Russell Mid-Cap ETF 0.04% 1,508 $128K Reduce -14.2%
USRT iShares Core US REIT ETF 0.01% 505 $29K Add +26.3%
SCZ iShares MSCI Eafe Small-Cap 0.01% 448 $28K Reduce -99.7%
EEM iShares MSCI Emerging Market 0.01% 516 $23K Reduce -47.3%
IWM iShares Russell 2000 ETF 0.01% 89 $18K No change

Portfolio Sells Q4 2024 → Q1 2025
IJS iShares S&P Small-Cap 600 Va Sold out 0.00% −3.31
SCZ iShares MSCI Eafe Small-Cap Reduce -99.7% 0.01% −2.46
IWO iShares Russell 2000 Growth Reduce -43.6% 2.52% −2.28
IWN iShares Russell 2000 Value E Reduce -32.5% 3.00% −1.60
EFV iShares MSCI Eafe Value ETF Reduce -30.1% 7.29% −1.56
EFG iShares MSCI Eafe Growth ETF Reduce -17.2% 6.75% −0.77
NVDA Nvidia Corp. Reduce -23.6% 1.04% −0.57
IIIV I3 Verticals Inc. Class A Sold out 0.00% −0.43
AMZN Amazon.com Inc. Reduce -36.8% 0.56% −0.41
TRGP Targa Resources Corp. Sold out 0.00% −0.22
NVO Novo-Nordisk A/S-Spons ADR Reduce -36.3% 0.25% −0.21
ADBE Adobe Inc. Sold out 0.00% −0.18
DFS Discover Financial Services Reduce -41.6% 0.26% −0.17
FDS Factset Research Systems Inc. Sold out 0.00% −0.13
DECK Deckers Outdoor Corp. Reduce -30.9% 0.09% −0.13
EME Emcor Group Inc. Reduce -46.8% 0.10% −0.12
SPSC SPS Commerce Inc. Sold out 0.00% −0.12
ULTA Ulta Beauty Inc. Sold out 0.00% −0.12
CRL Charles River Laboratories Sold out 0.00% −0.11
LMT Lockheed Martin Corp. Sold out 0.00% −0.10
BX Blackstone Inc. Sold out 0.00% −0.10
TRI Thomson Reuters Corp. Sold out 0.00% −0.10
QLYS Qualys Inc. Sold out 0.00% −0.10
CG The Carlyle Group Inc. Sold out 0.00% −0.10
CHD Church & Dwight Co. Inc. Sold out 0.00% −0.09
POOL Pool Corp. Sold out 0.00% −0.09
META Meta Platforms Inc. Class A Reduce -15.3% 0.53% −0.08
ENSG The Ensign Group Inc. Sold out 0.00% −0.07
NVT Nvent Electric PLC Sold out 0.00% −0.07
ABBV Abbvie Inc. Reduce -30.8% 0.43% −0.07
HLNE Hamilton Lane Inc. Class A Sold out 0.00% −0.07
RCL Royal Caribbean Cruises Ltd. Reduce -38.2% 0.09% −0.07
RMD Resmed Inc. Reduce -37.3% 0.12% −0.07
RACE Ferrari NV Reduce -15.5% 0.56% −0.07
FBK FB Financial Corp. Sold out 0.00% −0.07
FN Fabrinet Sold out 0.00% −0.06
ALSN Allison Transmission Holding Sold out 0.00% −0.06
NU Nu Holdings Ltd./Cayman Isl-A Sold out 0.00% −0.06
CR Crane Co. Reduce -38.8% 0.10% −0.05
SAIA Saia Inc. Reduce -27.6% 0.08% −0.05
MTD Mettler-Toledo International Reduce -35.0% 0.10% −0.05
MELI MercadoLibre Inc. Reduce -37.1% 0.16% −0.05
ACN Accenture PLC Class A Reduce -0.4% 0.63% −0.05
LIN Linde PLC Reduce -34.7% 0.15% −0.05
MPWR Monolithic Power Systems Inc. Reduce -36.1% 0.09% −0.04
HYG Ishr Ibx Usd Hiyld CB ETF-Ui Reduce -11.1% 0.63% −0.04
DHI D.R. Horton Inc. Reduce -24.3% 0.11% −0.04
CRM Salesforce Inc. Reduce -4.4% 0.17% −0.04
FERG Ferguson Enterprises Inc. Reduce -14.1% 0.20% −0.04
BCS Barclays PLC-Spons ADR Reduce -25.3% 0.38% −0.04

Portfolio Buys Q4 2024 → Q1 2025
IWD iShares Russell 1000 Value E Add +77.9% 16.67% +7.89
IWF iShares Russell 1000 Growth Add +36.6% 25.13% +5.65
IJH iShares Core S&P Midcap ETF New 0.58% +0.58
OAKM Oakmark US Large Cap ETF New 0.19% +0.19
MT Arcelormittal-NY Registered New 0.19% +0.19
MSFT Microsoft Corp. Add +18.3% 1.80% +0.17
OLLI Ollie's Bargain Outlet Holdi New 0.17% +0.17
BRK.B Berkshire Hathaway Inc. Class B Add +104.4% 0.27% +0.16
SFM Sprouts Farmers Market Inc. New 0.16% +0.16
AMGN Amgen Inc. New 0.14% +0.14
SE Sea Ltd.-ADR Add +53.3% 0.27% +0.14
PM Philip Morris International New 0.13% +0.13
AVGO Broadcom Inc. New 0.12% +0.12
PUK Prudential PLC-ADR New 0.11% +0.11
PSX Phillips 66 New 0.10% +0.10
HALO Halozyme Therapeutics Inc. New 0.10% +0.10
PLD Prologis Inc. New 0.09% +0.09
CVX Chevron Corp. Add +4.9% 0.40% +0.09
PEN Penumbra Inc. Add +55.6% 0.12% +0.06
SPOT Spotify Technology SA Add +0.1% 0.18% +0.04
CASY Casey's General Stores Inc. Add +3.9% 0.11% +0.02
TDY Teledyne Technologies Inc. Add +3.3% 0.08% +0.01
VNO Vornado Realty Trust Add +15.6% 0.07% +0.00
USRT iShares Core US REIT ETF Add +26.3% 0.01% +0.00
AAPL Apple Inc. Add +4.9% 1.21% −0.03
TSLA Tesla Inc. Add +0.2% 0.10% −0.05

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