Covington Investment Advisors Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Covington Investment Advisors Inc. reported 74 stock positions worth $731.7 million. Its top holding was Alphabet Class C (GOOG) at 8.5% of the portfolio, followed by Broadcom (AVGO, 5.8%) and Microsoft (MSFT, 5.7%). Compared with Q3 2025, it opened 3 new positions, sold out of 5, added to 19 and reduced 47. The biggest buy was Vanguard S&P 500 ETF (VOO, shares +1410%) and the biggest sale an exit from Fiserv (FISV).
- Most Recent 13F
- Q2 2026
- Location
- LIGONIER, PA
- CIK
- 0001569036
- Portfolio Value
- $731.7M (Q4 2025)
- SEC Filing
- 0001569036-26-000002 ↗ filed Feb 17, 2026
Holdings Value
Holdings 74 stocks · $731.7M
| GOOG Alphabet Inc. Class C | 8.46% | 197,255 | $61.9M | Reduce -12.8% |
| AVGO Broadcom Inc. | 5.80% | 122,685 | $42.5M | Reduce -9.9% |
| MSFT Microsoft Corp. | 5.68% | 85,888 | $41.5M | Reduce -8.7% |
| AAPL Apple Inc. | 4.34% | 116,817 | $31.8M | Reduce -13.6% |
| NVDA Nvidia Corp. | 4.31% | 169,204 | $31.6M | Reduce -13.6% |
| AMZN Amazon.com Inc. | 3.70% | 117,218 | $27.1M | Reduce -1.7% |
| LRCX Lam Research Corp. | 3.57% | 152,604 | $26.1M | Reduce -11.4% |
| PNC PNC Financial Services Group | 2.86% | 100,196 | $20.9M | Add +4.1% |
| LLY Eli Lilly & Co. | 2.85% | 19,373 | $20.8M | Reduce -11.9% |
| ANET Arista Networks Inc. | 2.66% | 148,414 | $19.4M | Reduce -11.6% |
| V Visa Inc. Class A | 2.58% | 53,897 | $18.9M | Reduce -4.8% |
| TMO Thermo Fisher Scientific Inc. | 2.40% | 30,260 | $17.5M | Reduce -11.2% |
| RTX RTX Corp. | 2.33% | 93,108 | $17.1M | Reduce -14.6% |
| SPGI S&P Global Inc. | 2.25% | 31,478 | $16.4M | Reduce -2.5% |
| BLK BlackRock Finance Inc. | 2.01% | 13,753 | $14.7M | Reduce -11.0% |
| META Meta Platforms Inc. Class A | 1.91% | 21,119 | $13.9M | Reduce -3.6% |
| VOO Vanguard S&P 500 ETF | 1.89% | 22,043 | $13.8M | Add +1409.8% |
| WSO Watsco Inc. | 1.61% | 34,855 | $11.7M | Add +2.5% |
| A Agilent Technologies Inc. | 1.54% | 82,605 | $11.2M | Reduce -7.5% |
| JNJ Johnson & Johnson | 1.40% | 49,537 | $10.3M | Reduce -11.5% |
| DRI Darden Restaurants Inc. | 1.39% | 55,205 | $10.2M | Reduce -4.8% |
| CAT Caterpillar Inc. | 1.38% | 17,672 | $10.1M | Reduce -13.9% |
| JPM JPMorgan Chase & Co. | 1.32% | 29,898 | $9.6M | Reduce -7.1% |
| IBMQ iShares Ibonds Dec 2028 Muni | 1.30% | 371,320 | $9.5M | Add +18.8% |
| COP Conocophillips | 1.29% | 100,493 | $9.4M | Reduce -11.7% |
| IBMP iShares Ibonds Dec 2027 Term | 1.27% | 366,990 | $9.3M | Add +9.0% |
| HD Home Depot Inc. | 1.24% | 26,453 | $9.1M | Reduce -10.0% |
| TXN Texas Instruments Inc. | 1.17% | 49,250 | $8.5M | Reduce -12.6% |
| IBMO iShares Ibonds Dec 2026 Term | 1.15% | 327,080 | $8.4M | Add +5.6% |
| VCIT Vanguard Int-Term Corporate | 1.12% | 98,257 | $8.2M | Add +2.0% |
| MCD McDonald's Corp. | 1.12% | 26,807 | $8.2M | Reduce -11.0% |
| VYM Vanguard High DVD Yield ETF | 1.09% | 55,803 | $8.0M | Add +23.9% |
| ABT Abbott Laboratories | 1.09% | 63,746 | $8.0M | Reduce -10.0% |
| WMT Walmart Inc. | 1.09% | 71,302 | $7.9M | Reduce -10.3% |
| SNPS Synopsys Inc. | 1.07% | 16,619 | $7.8M | Reduce -9.7% |
| APD Air Products & Chemicals Inc. | 1.04% | 30,925 | $7.6M | Reduce -13.3% |
| LHX L3HARRIS Technologies Inc. | 1.04% | 25,825 | $7.6M | Reduce -11.8% |
| HON Honeywell International Inc. | 0.93% | 35,055 | $6.8M | Reduce -16.4% |
| PLD Prologis Inc. | 0.90% | 51,661 | $6.6M | Reduce -8.1% |
| BX Blackstone Inc. | 0.90% | 42,521 | $6.6M | Reduce -13.0% |
| CTVA Corteva Inc. | 0.89% | 97,310 | $6.5M | Reduce -12.5% |
| SYK Stryker Corp. | 0.87% | 18,208 | $6.4M | Reduce -9.6% |
| COST Costco Wholesale Corp. | 0.85% | 7,225 | $6.2M | Reduce -6.3% |
| IBMR iShares Ibonds Dec 2029 M BD | 0.83% | 238,975 | $6.1M | New |
| DUK Duke Energy Corp. | 0.74% | 46,280 | $5.4M | Reduce -9.6% |
| WHD Cactus Inc. Class A | 0.72% | 115,827 | $5.3M | Reduce -4.1% |
| PG The Procter & Gamble Co. | 0.72% | 36,768 | $5.3M | Reduce -14.9% |
| KO The Coca-Cola Co. | 0.67% | 70,316 | $4.9M | Reduce -14.6% |
| CEG Constellation Energy | 0.67% | 13,901 | $4.9M | Add +14.1% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.60% | 8,973 | $4.4M | Add +3.0% |
| PEP Pepsico Inc. | 0.57% | 28,980 | $4.2M | Reduce -7.3% |
| CVX Chevron Corp. | 0.55% | 26,369 | $4.0M | Reduce -15.4% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.48% | 12,055 | $3.5M | Add +41.3% |
| NEE Nextera Energy Inc. | 0.48% | 43,408 | $3.5M | Reduce -23.5% |
| IBDT iShares Ibonds Dec 2028 ETF | 0.35% | 100,195 | $2.5M | Add +12.7% |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | 0.34% | 102,783 | $2.5M | Add +16.1% |
| IBDR iShares Ibonds Dec 2026 Term | 0.34% | 101,270 | $2.5M | Add +18.6% |
| EXC Exelon Corp. | 0.32% | 53,189 | $2.3M | Reduce -0.4% |
| PH Parker Hannifin Corp. | 0.27% | 2,278 | $2.0M | Add +0.4% |
| WAB Wabtec Corp. | 0.27% | 9,158 | $2.0M | No change |
| IBDU iShares Ibonds Dec 2029 Term | 0.24% | 75,567 | $1.8M | New |
| GOOGL Alphabet Inc. Class A | 0.21% | 4,916 | $1.5M | Add +3.7% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.19% | 10,462 | $1.4M | Add +54.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.16% | 2,350 | $1.2M | Reduce -1.6% |
| SCHX Schwab US Large-Cap ETF | 0.13% | 34,606 | $931K | Reduce -4.4% |
| CB Chubb Ltd. | 0.10% | 2,284 | $713K | No change |
| GD General Dynamics Corp. | 0.08% | 1,776 | $597K | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.08% | 826 | $563K | Add +43.1% |
| SCHD Schwab US DVD Equity ETF | 0.07% | 17,632 | $484K | Reduce -71.0% |
| SOLS Solstice Adv Materials Inc. | 0.06% | 8,765 | $426K | Reduce -16.4% |
| IEFA iShares Core MSCI Eafe ETF | 0.04% | 3,059 | $274K | New |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.03% | 776 | $244K | No change |
| COR Cencora Inc. | 0.03% | 666 | $225K | Add +0.1% |
| RSG Republic Services Inc. | 0.03% | 1,050 | $223K | No change |
Portfolio Sells Q3 2025 → Q4 2025
| FISV Fiserv Inc. | Sold out | 0.00% | −1.63 |
| IBMN iShares Ibonds Dec 2025 Term | Sold out | 0.00% | −0.83 |
| MSFT Microsoft Corp. | Reduce -8.7% | 5.68% | −0.70 |
| ANET Arista Networks Inc. | Reduce -11.6% | 2.66% | −0.54 |
| NVDA Nvidia Corp. | Reduce -13.6% | 4.31% | −0.47 |
| BLK BlackRock Finance Inc. | Reduce -11.0% | 2.01% | −0.35 |
| HD Home Depot Inc. | Reduce -10.0% | 1.24% | −0.32 |
| IBDQ iShares Ibonds Dec 2025 Term | Sold out | 0.00% | −0.26 |
| APD Air Products & Chemicals Inc. | Reduce -13.3% | 1.04% | −0.23 |
| HON Honeywell International Inc. | Reduce -16.4% | 0.93% | −0.22 |
| META Meta Platforms Inc. Class A | Reduce -3.6% | 1.91% | −0.20 |
| BX Blackstone Inc. | Reduce -13.0% | 0.90% | −0.20 |
| TXN Texas Instruments Inc. | Reduce -12.6% | 1.17% | −0.19 |
| AAPL Apple Inc. | Reduce -13.6% | 4.34% | −0.17 |
| SCHD Schwab US DVD Equity ETF | Reduce -71.0% | 0.07% | −0.15 |
| ABT Abbott Laboratories | Reduce -10.0% | 1.09% | −0.15 |
| PG The Procter & Gamble Co. | Reduce -14.9% | 0.72% | −0.15 |
| SYK Stryker Corp. | Reduce -9.6% | 0.87% | −0.14 |
| LHX L3HARRIS Technologies Inc. | Reduce -11.8% | 1.04% | −0.13 |
| COP Conocophillips | Reduce -11.7% | 1.29% | −0.12 |
| SNPS Synopsys Inc. | Reduce -9.7% | 1.07% | −0.12 |
| CTVA Corteva Inc. | Reduce -12.5% | 0.89% | −0.09 |
| DUK Duke Energy Corp. | Reduce -9.6% | 0.74% | −0.09 |
| NEE Nextera Energy Inc. | Reduce -23.5% | 0.48% | −0.08 |
| CVX Chevron Corp. | Reduce -15.4% | 0.55% | −0.08 |
| COST Costco Wholesale Corp. | Reduce -6.3% | 0.85% | −0.08 |
| MCD McDonald's Corp. | Reduce -11.0% | 1.12% | −0.08 |
| AVGO Broadcom Inc. | Reduce -9.9% | 5.80% | −0.08 |
| DRI Darden Restaurants Inc. | Reduce -4.8% | 1.39% | −0.06 |
| RTX RTX Corp. | Reduce -14.6% | 2.33% | −0.05 |
| KO The Coca-Cola Co. | Reduce -14.6% | 0.67% | −0.04 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Sold out | 0.00% | −0.03 |
| PLTR Palantir Technologies Inc. Class A | Sold out | 0.00% | −0.03 |
| JPM JPMorgan Chase & Co. | Reduce -7.1% | 1.32% | −0.01 |
| SOLS Solstice Adv Materials Inc. | Reduce -16.4% | 0.06% | −0.01 |
| PEP Pepsico Inc. | Reduce -7.3% | 0.57% | −0.01 |
| EXC Exelon Corp. | Reduce -0.4% | 0.32% | +0.00 |
| SCHX Schwab US Large-Cap ETF | Reduce -4.4% | 0.13% | +0.00 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.6% | 0.16% | +0.00 |
| WMT Walmart Inc. | Reduce -10.3% | 1.09% | +0.01 |
| A Agilent Technologies Inc. | Reduce -7.5% | 1.54% | +0.04 |
| JNJ Johnson & Johnson | Reduce -11.5% | 1.40% | +0.04 |
| V Visa Inc. Class A | Reduce -4.8% | 2.58% | +0.05 |
| PLD Prologis Inc. | Reduce -8.1% | 0.90% | +0.06 |
| WHD Cactus Inc. Class A | Reduce -4.1% | 0.72% | +0.10 |
| CAT Caterpillar Inc. | Reduce -13.9% | 1.38% | +0.10 |
| SPGI S&P Global Inc. | Reduce -2.5% | 2.25% | +0.19 |
| TMO Thermo Fisher Scientific Inc. | Reduce -11.2% | 2.40% | +0.23 |
| AMZN Amazon.com Inc. | Reduce -1.7% | 3.70% | +0.27 |
| LRCX Lam Research Corp. | Reduce -11.4% | 3.57% | +0.55 |
Portfolio Buys Q3 2025 → Q4 2025
| VOO Vanguard S&P 500 ETF | Add +1409.8% | 1.89% | +1.77 |
| IBMR iShares Ibonds Dec 2029 M BD | New | 0.83% | +0.83 |
| PNC PNC Financial Services Group | Add +4.1% | 2.86% | +0.33 |
| VYM Vanguard High DVD Yield ETF | Add +23.9% | 1.09% | +0.26 |
| IBMQ iShares Ibonds Dec 2028 Muni | Add +18.8% | 1.30% | +0.25 |
| IBDU iShares Ibonds Dec 2029 Term | New | 0.24% | +0.24 |
| IBMP iShares Ibonds Dec 2027 Term | Add +9.0% | 1.27% | +0.15 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +41.3% | 0.48% | +0.15 |
| CEG Constellation Energy | Add +14.1% | 0.67% | +0.15 |
| IBMO iShares Ibonds Dec 2026 Term | Add +5.6% | 1.15% | +0.11 |
| IBDR iShares Ibonds Dec 2026 Term | Add +18.6% | 0.34% | +0.06 |
| VCIT Vanguard Int-Term Corporate | Add +2.0% | 1.12% | +0.06 |
| GOOGL Alphabet Inc. Class A | Add +3.7% | 0.21% | +0.06 |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | Add +16.1% | 0.34% | +0.06 |
| IBDT iShares Ibonds Dec 2028 ETF | Add +12.7% | 0.35% | +0.05 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +3.0% | 0.60% | +0.05 |
| PH Parker Hannifin Corp. | Add +0.4% | 0.27% | +0.05 |
| IEFA iShares Core MSCI Eafe ETF | New | 0.04% | +0.04 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +43.1% | 0.08% | +0.03 |
| COR Cencora Inc. | Add +0.1% | 0.03% | +0.00 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | Add +54.7% | 0.19% | −0.08 |
| WSO Watsco Inc. | Add +2.5% | 1.61% | −0.19 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 73 | $773.9M | GOOG, LRCX, AVGO, NVDA, MSFT |
| Q1 2026 | 74 | $680.5M | GOOG, AVGO, MSFT, LRCX, NVDA |
| Q4 2025 | 74 | $731.7M | GOOG, AVGO, MSFT, AAPL, NVDA |
| Q3 2025 | 75 | $763.9M | GOOG, MSFT, AVGO, NVDA, AAPL |
| Q2 2025 | 71 | $700.0M | MSFT, GOOG, AVGO, NVDA, AAPL |
| Q1 2025 | 71 | $643.4M | GOOG, MSFT, AAPL, AVGO, NVDA |
| Q4 2024Amended | 72 | $666.3M | GOOG, MSFT, AAPL, AVGO, NVDA |
| Q3 2024 | 71 | $665.2M | MSFT, GOOG, AAPL, AVGO, NVDA |
| Q2 2024Amended | 71 | $623.3M | GOOG, MSFT, AAPL, AVGO, NVDA |
| Q1 2024Amended | 72 | $613.4M | MSFT, GOOG, AAPL, AVGO, TMO |