Thrivent Financial for Lutherans

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 14, 2024), Thrivent Financial for Lutherans reported 2,497 stock positions worth $49.7 billion. Its top holding was Microsoft (MSFT) at 2.8% of the portfolio, followed by Nvidia (NVDA, 2.1%) and Amazon.com (AMZN, 1.9%). Compared with Q4 2023, it opened 125 new positions, sold out of 100, added to 966 and reduced 1,272. The biggest buy was Meta Platforms Class A (META, shares +3%) and the biggest sale Unitedhealth (UNH, shares −72%).

Most Recent 13F
Q2 2026
Location
Minneapolis, MN
CIK
0000314984
Portfolio Value
$49.7B (Q1 2024)
SEC Filing
0000950123-24-004832 ↗ filed May 14, 2024

Holdings Value

0$20.0B$40.0B$60.0B Q1 2024: $49.7B $49.7B Q1 2024 Q2 2024: $49.5B Q2 2024 Q3 2024: $52.5B Q3 2024 Q4 2024: $51.4B Q4 2024 Q1 2025: $44.5B Q1 2025 Q2 2025: $44.5B Q2 2025 Q3 2025: $49.6B Q3 2025 Q4 2025: $55.2B Q4 2025 Q1 2026: $51.3B Q1 2026 Q2 2026: $58.2B Q2 2026

Holdings 2,497 stocks · $49.7B

MSFT Microsoft Corp. 2.76% 3,258,992 $1.4B Reduce -7.1%
NVDA Nvidia Corp. 2.12% 1,167,646 $1.1B Reduce -5.5%
AMZN Amazon.com Inc. 1.93% 5,299,986 $956.0M Add +2.2%
AAPL Apple Inc. 1.61% 4,648,001 $797.0M Add +34.1%
GOOG Alphabet Inc. Class C 1.49% 4,864,821 $740.7M Reduce -8.8%
META Meta Platforms Inc. Class A 1.46% 1,497,444 $727.1M Add +2.6%
IVV iShares Core S&P 500 ETF 1.23% 1,164,835 $612.4M Reduce -7.2%
SPY SS SPDR S&P 500 ETF Trust-US 1.03% 973,343 $509.1M Add +36.5%
KNSL Kinsale Capital Group Inc. 0.76% 723,177 $379.5M Reduce -11.5%
QCOM Qualcomm Inc. 0.75% 2,204,003 $373.1M Add +0.4%
JPM JPMorgan Chase & Co. 0.75% 1,849,467 $370.4M Reduce -2.6%
NVR NVR Inc. 0.64% 39,390 $319.1M Add +0.2%
WMT Walmart Inc. 0.63% 5,180,474 $311.7M Add +13.6%
FAST Fastenal Co. 0.61% 3,903,487 $301.1M Add +5.2%
SBAC SBA Communications Corp. 0.53% 1,204,403 $261.0M Add +10.4%
STLD Steel Dynamics Inc. 0.52% 1,745,943 $258.8M Add +0.8%
HD Home Depot Inc. 0.49% 638,115 $244.8M Reduce -13.6%
NOW ServiceNow Inc. 0.49% 320,072 $244.0M Add +1.9%
ALLY Ally Financial Inc. 0.49% 6,009,778 $243.9M Add +0.1%
TSLA Tesla Inc. 0.49% 1,382,915 $243.1M Add +10.9%
AMP Ameriprise Financial Inc. 0.48% 545,784 $239.3M Add +0.1%
WMS Advanced Drainage Systems Inc. 0.48% 1,375,045 $236.8M Reduce -13.8%
BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC 0.48% 3,127,029 $236.6M Add +30.3%
AMD Advanced Micro Devices 0.47% 1,296,123 $233.9M Reduce -2.6%
HWM Howmet Aerospace Inc. 0.47% 3,409,988 $233.3M Reduce -20.0%
URI United Rentals Inc. 0.47% 320,209 $230.9M Reduce -39.2%
EXE Expand Energy Corp. filed as CHESAPEAKE ENERGY CORP 0.46% 2,573,935 $228.6M Add +0.5%
WFC Wells Fargo & Co. 0.46% 3,943,376 $228.6M Reduce -2.5%
MRK Merck & Co. Inc. 0.46% 1,713,630 $226.1M Reduce -3.9%
CRM Salesforce Inc. 0.46% 750,285 $226.0M Reduce -2.0%
TKR Timken Co. 0.45% 2,581,699 $225.7M Reduce -3.2%
DVN Devon Energy Corp. 0.44% 4,394,274 $220.5M Add +6.5%
SKY Champion Homes Inc. filed as SKYLINE CHAMPION CORPORATION 0.44% 2,588,158 $220.0M Add +32.6%
TRMB Trimble Inc. 0.44% 3,407,968 $219.3M Add +52.2%
ICE Intercontinental Exchange Inc. 0.42% 1,528,492 $210.1M Reduce -8.6%
XOM Exxon Mobil Corp. 0.42% 1,804,925 $209.8M Add +11.8%
BALL Ball Corp. 0.40% 2,984,800 $201.1M Add +11.7%
ALGN Align Technology Inc. 0.40% 606,251 $198.8M Add +1.4%
JNJ Johnson & Johnson 0.40% 1,240,345 $196.2M Add +36.4%
ADBE Adobe Inc. 0.40% 388,821 $196.2M Add +3.9%
UPS United Parcel Service Class B 0.39% 1,313,432 $195.2M Add +3.3%
PXD Pioneer Natural Resources Co. 0.39% 729,396 $191.5M Reduce -0.2%
RJF Raymond James Financial Inc. 0.38% 1,486,781 $190.9M Add +1.7%
LH Laboratory CRP of Amer Hldgs 0.38% 853,015 $186.3M Add +9.5%
NICE Nice Ltd. - Spon ADR 0.37% 708,428 $184.6M Add +26.1%
NUE Nucor Corp. 0.37% 924,748 $183.0M Reduce -5.8%
WAL Western Alliance Bancorp 0.37% 2,846,328 $182.7M Reduce -0.8%
DHR Danaher Corp. 0.37% 730,695 $182.5M Reduce -4.5%
CAT Caterpillar Inc. 0.37% 494,674 $181.3M Add +23.9%
LLY Eli Lilly & Co. 0.36% 232,107 $180.6M Add +116.7%
UBER Uber Technologies Inc. 0.36% 2,338,003 $180.0M Reduce -7.2%
VZ Verizon Communications Inc. 0.35% 4,152,915 $174.3M Reduce -14.2%
NVO Novo-Nordisk A/S-Spons ADR 0.35% 1,335,769 $171.5M Reduce -4.8%
ACGL Arch Capital Group Ltd. 0.34% 1,850,272 $171.0M Add +0.2%
OPCH Option Care Health Inc. 0.34% 5,003,809 $167.8M Add +96.1%
AMGN Amgen Inc. 0.34% 589,286 $167.5M Add +26.7%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.34% 4,386,230 $166.3M Reduce -1.5%
PWR Quanta Services Inc. 0.33% 636,645 $165.4M Reduce -0.1%
ELV Elevance Health Inc. 0.33% 317,914 $164.9M Add +25.6%
ISRG Intuitive Surgical Inc. 0.33% 411,675 $164.3M Reduce -4.4%
MBLY Mobileye Global Inc. Class A 0.32% 4,993,933 $160.6M Add +119.7%
HAL Halliburton Co. 0.32% 4,059,395 $160.0M Add +8.8%
CSCO Cisco Systems Inc. 0.32% 3,196,589 $159.5M Reduce -6.2%
COP Conocophillips 0.31% 1,209,206 $153.9M Add +0.6%
NOV Nov Inc. 0.31% 7,882,237 $153.9M Reduce -0.1%
QUAL iShares MSCI USA Quality Fac 0.31% 933,593 $153.4M Add +9.4%
CRL Charles River Laboratories 0.31% 565,864 $153.3M Add +27.8%
VOO Vanguard S&P 500 ETF 0.31% 318,548 $153.1M Add +0.1%
AMAT Applied Materials Inc. 0.30% 730,376 $150.6M Reduce -8.6%
CIEN Ciena Corp. 0.30% 3,005,573 $148.6M Add +8.5%
CNC Centene Corp. 0.30% 1,893,778 $148.6M Reduce -5.2%
AGG iShares Core U.S. Aggregate 0.30% 1,507,257 $147.6M Add +83.4%
LECO Lincoln Electric Holdings 0.30% 574,023 $146.6M Add +0.6%
PM Philip Morris International 0.30% 1,599,144 $146.5M Add +6.4%
USHY iShares Broad Usd High Yield 0.29% 3,942,696 $144.3M Reduce -16.0%
ODFL Old Dominion Freight Line 0.29% 655,150 $143.7M Reduce -38.5%
CMG Chipotle Mexican Grill Inc. 0.28% 48,564 $141.2M Reduce -37.5%
SCHW Schwab (charles) Corp. 0.28% 1,924,392 $139.2M Reduce -1.4%
MOAT Vaneck Morningstar Wide Moat 0.28% 1,530,644 $137.6M Reduce -11.3%
GD General Dynamics Corp. 0.28% 487,059 $137.6M Add +5.2%
TSN Tyson Foods Inc. Class A 0.27% 2,287,149 $134.3M Add +27.9%
ARE Alexandria Real Estate Equit 0.27% 1,040,415 $134.1M Reduce -0.3%
NI Nisource Inc. 0.27% 4,840,850 $133.9M Reduce -20.7%
TTMI TTM Technologies 0.27% 8,498,017 $133.0M Reduce -1.2%
CDW CDW Corp. 0.27% 518,392 $132.6M Add +16.9%
MDT Medtronic PLC 0.27% 1,518,841 $132.4M Reduce -18.5%
EW Edwards Lifesciences Corp. 0.26% 1,365,235 $130.5M Reduce -18.2%
VRNS Varonis Systems Inc. 0.26% 2,747,259 $129.6M Add +79.5%
HLI Houlihan Lokey Inc. 0.26% 1,008,124 $129.2M Add +1.4%
CROX Crocs Inc. 0.26% 889,987 $128.0M Reduce -30.4%
SYY Sysco Corp. 0.26% 1,563,248 $126.9M Add +9.3%
MASI Masimo Corp. 0.25% 856,860 $125.8M Reduce -19.4%
CB Chubb Ltd. 0.25% 483,008 $125.2M Reduce -0.4%
CMCSA Comcast Corp. Class A 0.25% 2,880,269 $124.9M Add +4.0%
ZBH Zimmer Biomet Holdings Inc. 0.25% 944,304 $124.6M Add +30.5%
CSX CSX Corp. 0.25% 3,342,591 $123.9M Add +17.1%
LNT Alliant Energy Corp. 0.25% 2,454,038 $123.7M Reduce -1.6%
NTRS Northern Trust Corp. 0.25% 1,374,696 $122.2M Add +19.1%
RLI Rli Corp. 0.24% 814,887 $121.0M Reduce -1.8%
LOW Lowe's Cos Inc. 0.24% 467,184 $119.0M Reduce -26.3%

Show all 2,497 holdings

Other holdings (6): bonds, preferreds, convertibles and warrants · $108.0M (not counted above)
SecurityClassShares / PrincipalValueChange
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 24,376$29.7MNo change
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 23,864$28.5MNo change
APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) SER A MAND CNV 422,190$27.1MReduce -1.5%
NEXTERA ENERGY INC (NEE 6.926 09/01/25) UNIT 09/01/2025 497,360$19.6MReduce -15.5%
UGI CORP (UGI 7.25 06/01/24) UNIT 06/01/2024 28,726$1.7MReduce -12.2%
FLAGSTAR BANK NA (FLG 6 11/01/51) UNIT 05/07/2051 43,270$1.4MReduce -41.9%

Total filed on the 13F, all lines: $49.8B.

Portfolio Sells Q4 2023 → Q1 2024

UNH Unitedhealth Group Inc. Reduce -72.0% 0.14% −0.45
DPZ Domino's Pizza Inc. Reduce -99.0% 0.00% −0.30
VOYA Voya Financial Inc. Reduce -75.1% 0.08% −0.26
ANSS Ansys Inc. Reduce -98.3% 0.00% −0.25
MCD McDonald's Corp. Reduce -62.7% 0.10% −0.21
APTV Aptiv Irish Holdings Ltd. Reduce -53.2% 0.13% −0.21
PH Parker Hannifin Corp. Reduce -79.0% 0.06% −0.20
URI United Rentals Inc. Reduce -39.2% 0.47% −0.20
PPG PPG Industries Inc. Reduce -93.6% 0.01% −0.18
ODFL Old Dominion Freight Line Reduce -38.5% 0.29% −0.18
TECH Bio-Techne Corp. Reduce -71.9% 0.05% −0.18
WOLF Wolfspeed Inc. Reduce -98.3% 0.00% −0.18
HST Host Hotels & Resorts Inc. Reduce -97.6% 0.00% −0.18
ZTS Zoetis Inc. Reduce -28.1% 0.23% −0.18
USFD US Foods Holding Corp. Reduce -96.7% 0.01% −0.16
TXN Texas Instruments Inc. Reduce -87.7% 0.02% −0.16
GOOG Alphabet Inc. Class C Reduce -8.8% 1.49% −0.15
AXTA Axalta Coating Systems Ltd. Reduce -81.5% 0.03% −0.15
HCA HCA Healthcare Inc. Reduce -90.2% 0.02% −0.14
MTB M & T Bank Corp. Reduce -87.0% 0.02% −0.14
QQQ Invesco QQQ Trust Series 1 Reduce -59.1% 0.09% −0.13
IWM iShares Russell 2000 ETF Reduce -77.1% 0.04% −0.13
CVS CVS Health Corp. Reduce -82.7% 0.02% −0.13
JNK SS SPDR BB High Yield Bond Reduce -32.5% 0.21% −0.12
GILD Gilead Sciences Inc. Reduce -38.1% 0.13% −0.12
MSFT Microsoft Corp. Reduce -7.1% 2.76% −0.12
CALX Calix Inc. Reduce -95.9% 0.00% −0.12
PFE Pfizer Inc. Reduce -70.6% 0.04% −0.11
CMG Chipotle Mexican Grill Inc. Reduce -37.5% 0.28% −0.10
TSME Thrivent SML-MDC Eq ETF-US I Reduce -44.8% 0.14% −0.10
DBX Dropbox Inc. Class A Reduce -8.1% 0.23% −0.10
ZD Ziff Davis Inc. Reduce -48.7% 0.08% −0.10
NI Nisource Inc. Reduce -20.7% 0.27% −0.08
BKNG Booking Holdings Inc. Reduce -28.7% 0.17% −0.08
PZZA Papa John's Intl Inc. Reduce -94.5% 0.00% −0.08
USHY iShares Broad Usd High Yield Reduce -16.0% 0.29% −0.08
DHI D.R. Horton Inc. Reduce -38.0% 0.13% −0.08
IVV iShares Core S&P 500 ETF Reduce -7.2% 1.23% −0.08
BERY Berry Global Group Inc. Reduce -65.0% 0.03% −0.07
SPT Sprout Social Inc. Class A Reduce -36.0% 0.10% −0.07
QDEL Quidelortho Corp. Reduce -64.1% 0.02% −0.07
MDT Medtronic PLC Reduce -18.5% 0.27% −0.07
LOW Lowe's Cos Inc. Reduce -26.3% 0.24% −0.07
VEA Vanguard Ftse Developed ETF Reduce -22.7% 0.20% −0.07
HD Home Depot Inc. Reduce -13.6% 0.49% −0.07
IJR iShares Core S&P Small-Cap E Reduce -33.9% 0.11% −0.07
VGSH Vanguard Short-Term Treasury Reduce -74.6% 0.02% −0.06
NFLX Netflix Inc. Reduce -56.1% 0.06% −0.06
BRK.B Berkshire Hathaway Inc. Class B Reduce -33.0% 0.16% −0.06
GOVT iShares US Treasury Bond ETF Reduce -72.7% 0.02% −0.06

Portfolio Buys Q4 2023 → Q1 2024

META Meta Platforms Inc. Class A Add +2.6% 1.46% +0.34
SPY SS SPDR S&P 500 ETF Trust-US Add +36.5% 1.03% +0.28
GRMN Garmin Ltd. Add +11580.4% 0.23% +0.23
LLY Eli Lilly & Co. Add +116.7% 0.36% +0.23
AMZN Amazon.com Inc. Add +2.2% 1.93% +0.20
TW Tradeweb Markets Inc. Class A Add +536.1% 0.22% +0.19
IBB iShares Biotechnology ETF Add +33564.6% 0.19% +0.19
TRMB Trimble Inc. Add +52.2% 0.44% +0.18
EXPD Expeditors Intl Wash Inc. Add +2344.9% 0.19% +0.18
EBAY eBay Inc. Add +572.0% 0.20% +0.17
ALB Albemarle Corp. Add +4846.3% 0.18% +0.17
ROK Rockwell Automation Inc. Add +5743.7% 0.17% +0.17
FROG Jfrog Ltd. Add +1437.6% 0.16% +0.15
CCI Crown Castle Inc. Add +720.7% 0.18% +0.15
MZTI The Marzetti Company Add +230.3% 0.21% +0.15
FN Fabrinet Add +1230.2% 0.16% +0.15
OPCH Option Care Health Inc. Add +96.1% 0.34% +0.15
AAPL Apple Inc. Add +34.1% 1.61% +0.15
TXRH Texas Roadhouse Inc. Add +2787.3% 0.15% +0.15
NICE Nice Ltd. - Spon ADR Add +26.1% 0.37% +0.13
BJ Bj's Wholesale Club Holdings Add +30.3% 0.48% +0.13
SKY Champion Homes Inc. Add +32.6% 0.44% +0.13
AGG iShares Core U.S. Aggregate Add +83.4% 0.30% +0.12
ONTO Onto Innovation Inc. Add +2589.5% 0.12% +0.12
VRNS Varonis Systems Inc. Add +79.5% 0.26% +0.11
MBLY Mobileye Global Inc. Class A Add +119.7% 0.32% +0.11
CAT Caterpillar Inc. Add +23.9% 0.37% +0.11
IBM Intl Business Machines Corp. Add +360.7% 0.13% +0.11
WMT Walmart Inc. Add +13.6% 0.63% +0.10
SHOP Shopify Inc. Class A Add +143.7% 0.19% +0.10
CTVA Corteva Inc. Add +2543.3% 0.10% +0.10
TSM Taiwan Semiconductor-SP ADR Add +2245.8% 0.10% +0.10
JNJ Johnson & Johnson Add +36.4% 0.40% +0.08
FAST Fastenal Co. Add +5.2% 0.61% +0.08
DYNF Ishrs US E F R A ETF-Usd Inc. Add +15317.7% 0.08% +0.08
CRL Charles River Laboratories Add +27.8% 0.31% +0.08
STLD Steel Dynamics Inc. Add +0.8% 0.52% +0.07
ELV Elevance Health Inc. Add +25.6% 0.33% +0.07
XOM Exxon Mobil Corp. Add +11.8% 0.42% +0.07
BALL Ball Corp. Add +11.7% 0.40% +0.07
SN Sharkninja Inc. Add +53.3% 0.17% +0.07
QQQM Invesco Nasdaq 100 ETF Add +465.1% 0.07% +0.06
TSN Tyson Foods Inc. Class A Add +27.9% 0.27% +0.06
XBI SS SPDR S&P Biotech ETF Add +58.4% 0.17% +0.06
FLS Flowserve Corp. Add +33.0% 0.23% +0.06
ZBH Zimmer Biomet Holdings Inc. Add +30.5% 0.25% +0.06
QCOM Qualcomm Inc. Add +0.4% 0.75% +0.06
LIN Linde PLC Add +89.3% 0.11% +0.05
XEL Xcel Energy Inc. Add +1337.6% 0.06% +0.05
ORLY O'reilly Automotive Inc. Add +242.9% 0.07% +0.05

Notes & Other Activity Q4 2023 → Q1 2024

APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) SER A MAND CNV Reduce -1.5% 422,190 $27.1M
AES CORP/THE (AES 6.875 02/15/24) UNIT 02/15/2024 Sold out 301,164 $22.8Mbefore exit
NEXTERA ENERGY INC (NEE 6.926 09/01/25) UNIT 09/01/2025 Reduce -15.5% 497,360 $19.6M
PARAMOUNT GLOBAL (SKYD 5.75 04/01/24 A) 5.75% CONV PFD A Sold out 132,831 $2.5Mbefore exit
UGI CORP (UGI 7.25 06/01/24) UNIT 06/01/2024 Reduce -12.2% 28,726 $1.7M
FLAGSTAR BANK NA (FLG 6 11/01/51) UNIT 05/07/2051 Reduce -41.9% 43,270 $1.4M
AP.WS Ampco-Pittsburgh Corp. -CW25 *W EXP 08/01/202 Sold out 20,000 $2Kbefore exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 2,503$58.2BNVDA, AMZN, AAPL, MSFT, GOOG
Q1 2026 2,442$51.3BNVDA, MSFT, AAPL, AMZN, GOOG
Q4 2025 2,471$55.2BNVDA, MSFT, AAPL, AMZN, GOOG
Q3 2025 2,267$49.6BNVDA, MSFT, AAPL, AMZN, META
Q2 2025Amended 2,326$44.5BMSFT, NVDA, AMZN, META, AAPL
Q1 2025Amended 2,262$44.5BAAPL, MSFT, NVDA, AMZN, META
Q4 2024 2,538$51.4BMSFT, NVDA, AAPL, AMZN, GOOG
Q3 2024 2,499$52.5BMSFT, AAPL, NVDA, GOOG, META
Q2 2024 2,514$49.5BMSFT, NVDA, AAPL, GOOG, AMZN
Q1 2024 2,497$49.7BMSFT, NVDA, AMZN, AAPL, GOOG