Thrivent Financial for Lutherans

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 7, 2024), Thrivent Financial for Lutherans reported 2,499 stock positions worth $52.5 billion. Its top holding was Microsoft (MSFT) at 2.7% of the portfolio, followed by Apple (AAPL, 2.6%) and Nvidia (NVDA, 2.5%). Compared with Q2 2024, it opened 112 new positions, sold out of 128, added to 959 and reduced 1,332. The biggest buy was Visa Class A (V, shares +370%) and the biggest sale Raymond James Financial (RJF, shares −97%).

Most Recent 13F
Q2 2026
Location
Minneapolis, MN
CIK
0000314984
Portfolio Value
$52.5B (Q3 2024)
SEC Filing
0000950123-24-010504 ↗ filed Nov 7, 2024

Holdings Value

0$20.0B$40.0B$60.0B Q1 2024: $49.7B Q1 2024 Q2 2024: $49.5B Q2 2024 Q3 2024: $52.5B $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 2,499 stocks · $52.5B

MSFT Microsoft Corp. 2.67% 3,258,135 $1.4B Reduce -1.3%
AAPL Apple Inc. 2.55% 5,746,560 $1.3B Add +7.4%
NVDA Nvidia Corp. 2.51% 10,846,252 $1.3B Reduce -3.4%
GOOG Alphabet Inc. Class C 1.65% 5,167,385 $864.0M Add +2.3%
META Meta Platforms Inc. Class A 1.59% 1,459,999 $835.8M Reduce -5.0%
AMZN Amazon.com Inc. 1.56% 4,387,692 $817.6M Reduce -6.7%
IVV iShares Core S&P 500 ETF 1.43% 1,297,097 $748.2M Add +16.0%
LLY Eli Lilly & Co. 0.72% 427,960 $379.1M Add +17.1%
SPY SS SPDR S&P 500 ETF Trust-US 0.71% 648,104 $371.9M Reduce -29.1%
JPM JPMorgan Chase & Co. 0.66% 1,646,181 $347.1M Reduce -2.7%
FAST Fastenal Co. 0.61% 4,469,636 $319.2M Add +1.1%
TSLA Tesla Inc. 0.61% 1,215,271 $318.0M Reduce -1.8%
QCOM Qualcomm Inc. 0.59% 1,827,683 $310.8M Reduce -2.5%
WMT Walmart Inc. 0.59% 3,822,954 $308.7M Reduce -22.8%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.56% 1,341,021 $296.5M Reduce -4.3%
KNSL Kinsale Capital Group Inc. 0.56% 636,019 $296.1M Reduce -12.8%
NOW ServiceNow Inc. 0.56% 328,411 $293.7M Add +0.8%
XOM Exxon Mobil Corp. 0.54% 2,427,556 $284.6M Reduce -1.2%
NVR NVR Inc. 0.54% 28,671 $281.3M Reduce -19.8%
V Visa Inc. Class A 0.53% 1,018,323 $280.0M Add +370.1%
USHY iShares Broad Usd High Yield 0.52% 7,203,476 $271.2M Add +2.5%
HD Home Depot Inc. 0.50% 652,488 $264.4M Add +5.0%
URI United Rentals Inc. 0.49% 316,682 $256.4M Reduce -5.2%
JNJ Johnson & Johnson 0.48% 1,555,712 $252.1M Reduce -4.8%
AMD Advanced Micro Devices 0.47% 1,497,376 $245.7M Add +2.4%
EXE Expand Energy Corp. filed as CHESAPEAKE ENERGY CORP 0.44% 2,838,613 $233.5M Add +9.6%
CRM Salesforce Inc. 0.43% 832,881 $228.0M Add +1.7%
TKR Timken Co. 0.43% 2,679,790 $225.9M Add +4.2%
WFC Wells Fargo & Co. 0.43% 3,990,113 $225.4M Add +2.5%
AVGO Broadcom Inc. 0.42% 1,288,906 $222.3M Add +24.2%
TRMB Trimble Inc. 0.42% 3,563,613 $221.3M Reduce -2.3%
SKY Champion Homes Inc. 0.42% 2,308,988 $219.0M Reduce -12.6%
PM Philip Morris International 0.41% 1,786,078 $216.8M Add +12.1%
AMP Ameriprise Financial Inc. 0.41% 460,082 $216.2M Reduce -0.5%
HWM Howmet Aerospace Inc. 0.41% 2,149,523 $215.5M Reduce -10.5%
SBAC SBA Communications Corp. 0.40% 874,945 $210.6M Add +9.0%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.40% 5,279,335 $209.5M Add +20.7%
MRK Merck & Co. Inc. 0.40% 1,837,354 $208.6M Add +3.5%
VST Vistra Corp. 0.40% 1,755,723 $208.1M Add +43.0%
WMS Advanced Drainage Systems Inc. 0.39% 1,294,936 $203.5M Reduce -6.3%
WAL Western Alliance Bancorp 0.39% 2,341,906 $202.6M Reduce -13.1%
AMAT Applied Materials Inc. 0.38% 996,139 $201.3M Add +27.9%
DVN Devon Energy Corp. 0.38% 5,140,154 $201.1M Add +0.9%
ACGL Arch Capital Group Ltd. 0.38% 1,778,008 $198.9M Reduce -5.5%
NUE Nucor Corp. 0.37% 1,283,111 $192.9M Add +25.7%
VOO Vanguard S&P 500 ETF 0.36% 360,836 $190.9M Add +9.4%
VZ Verizon Communications Inc. 0.36% 4,238,413 $190.3M Add +2.7%
HUM Humana Inc. 0.36% 600,317 $190.1M Add +55.6%
CAT Caterpillar Inc. 0.36% 481,400 $188.3M Reduce -2.5%
UPS United Parcel Service Class B 0.36% 1,379,666 $188.1M Add +0.0%
ISRG Intuitive Surgical Inc. 0.36% 380,476 $186.9M Reduce -0.2%
UBER Uber Technologies Inc. 0.35% 2,473,007 $185.9M Add +6.1%
STLD Steel Dynamics Inc. 0.35% 1,473,510 $185.8M Reduce -16.7%
OPCH Option Care Health Inc. 0.35% 5,863,930 $183.5M Add +7.4%
GILD Gilead Sciences Inc. 0.35% 2,187,446 $183.4M Add +1.3%
SN Sharkninja Inc. 0.34% 1,659,088 $180.4M Reduce -2.2%
CSCO Cisco Systems Inc. 0.32% 3,181,938 $169.3M Reduce -0.1%
LH Labcorp Holdings Inc. 0.32% 749,268 $167.4M Reduce -9.0%
CIEN Ciena Corp. 0.32% 2,716,024 $167.3M Reduce -4.0%
DHR Danaher Corp. 0.31% 582,706 $162.0M Reduce -8.2%
NI Nisource Inc. 0.31% 4,650,476 $161.1M Reduce -5.3%
HAL Halliburton Co. 0.31% 5,520,383 $160.4M Add +22.0%
ELV Elevance Health Inc. 0.30% 306,829 $159.6M Reduce -2.2%
AMGN Amgen Inc. 0.30% 489,085 $157.6M Reduce -21.8%
SCHW Schwab (charles) Corp. 0.30% 2,419,886 $156.8M Add +23.8%
ZTS Zoetis Inc. 0.30% 801,548 $156.6M Reduce -10.7%
ALLY Ally Financial Inc. 0.30% 4,390,308 $156.3M Reduce -20.1%
VRNS Varonis Systems Inc. 0.29% 2,672,709 $151.0M Reduce -7.0%
PWR Quanta Services Inc. 0.28% 484,193 $144.4M Reduce -6.1%
LNT Alliant Energy Corp. 0.27% 2,354,032 $142.9M Reduce -6.4%
DOCU Docusign Inc. 0.27% 2,277,312 $141.4M Add +5.2%
IVW iShares S&P 500 Growth ETF 0.26% 1,438,191 $137.7M Add +11.3%
WH Wyndham Hotels & Resorts Inc. 0.26% 1,747,295 $136.5M Add +40.8%
CDW CDW Corp. 0.26% 599,900 $135.8M Add +12.8%
EQIX Equinix Inc. 0.26% 152,441 $135.3M Add +9.7%
JNK SS SPDR BB High Yield Bond 0.26% 1,376,590 $134.6M Add +13.7%
FLS Flowserve Corp. 0.26% 2,603,528 $134.6M Add +1.7%
BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC 0.25% 1,621,231 $133.7M Reduce -9.9%
PYPL PayPal Holdings Inc. 0.25% 1,688,261 $131.7M Add +1.7%
ICE Intercontinental Exchange Inc. 0.25% 817,624 $131.3M Reduce -50.1%
GRMN Garmin Ltd. 0.25% 744,917 $131.1M Reduce -6.2%
ETR Entergy Corp. 0.25% 986,546 $129.8M Add +21.4%
QUAL iShares MSCI USA Quality Fac 0.25% 722,969 $129.6M Reduce -28.0%
EXPE Expedia Group Inc. 0.25% 871,001 $128.9M Add +5.2%
GOOGL Alphabet Inc. Class A 0.25% 776,885 $128.8M Add +3.8%
COP Conocophillips 0.24% 1,210,124 $127.4M Add +0.3%
IWF iShares Russell 1000 Growth 0.24% 336,854 $126.4M Add +25.7%
DUK Duke Energy Corp. 0.24% 1,096,310 $126.4M Add +9.4%
RLI Rli Corp. 0.24% 813,719 $126.1M Add +0.5%
CCI Crown Castle Inc. 0.24% 1,059,300 $125.7M Add +7.8%
TW Tradeweb Markets Inc. Class A 0.24% 1,015,768 $125.6M Reduce -4.5%
LOW Lowe's Cos Inc. 0.24% 463,539 $125.5M Reduce -0.1%
CB Chubb Ltd. 0.24% 434,632 $125.3M Reduce -9.9%
SYY Sysco Corp. 0.24% 1,588,381 $124.0M Add +2.6%
AXP American Express Co. 0.24% 456,391 $123.8M Reduce -1.6%
EBAY eBay Inc. 0.24% 1,898,719 $123.6M Reduce -6.7%
ODFL Old Dominion Freight Line 0.24% 621,745 $123.5M Reduce -4.9%
CMG Chipotle Mexican Grill Inc. 0.23% 2,122,778 $122.3M Add +674.3%
NSA National Storage Affiliates 0.23% 2,537,362 $122.3M Add +0.9%
GWRE Guidewire Software Inc. 0.23% 658,514 $120.5M Reduce -31.7%

Show all 2,499 holdings

Other holdings (7): bonds, preferreds, convertibles and warrants · $127.6M (not counted above)
SecurityClassShares / PrincipalValueChange
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 23,633$30.2MReduce -2.4%
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 23,287$29.6MReduce -1.8%
APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) SER A MAND CNV 252,568$17.3MReduce -18.2%
ALBEMARLE CORP (ALB 7.25 03/01/27) 7.25% DEP SHS A 382,857$17.2MReduce -14.4%
HP ENTERPRISE CO (HPE 7.625 09/01/27) 7.625 MAND CONV 258,775$15.7MNew
NEXTERA ENERGY INC (NEE 6.926 09/01/25) UNIT 09/01/2025 257,171$12.1MReduce -36.5%
NEXTERA ENERGY INC (NEE 7.299 06/01/27) UNIT 06/01/2027 98,864$5.5MNew

Total filed on the 13F, all lines: $52.6B.

Portfolio Sells Q2 2024 → Q3 2024

RJF Raymond James Financial Inc. Reduce -97.4% 0.01% −0.32
MSFT Microsoft Corp. Reduce -1.3% 2.67% −0.31
MASI Masimo Corp. Reduce -99.2% 0.00% −0.31
SPY SS SPDR S&P 500 ETF Trust-US Reduce -29.1% 0.71% −0.30
NVDA Nvidia Corp. Reduce -3.4% 2.51% −0.29
AMZN Amazon.com Inc. Reduce -6.7% 1.56% −0.28
MBLY Mobileye Global Inc. Class A Sold out 0.00% −0.26
AZN Astrazeneca PLC-Spons ADR Reduce -96.8% 0.01% −0.21
ICE Intercontinental Exchange Inc. Reduce -50.1% 0.25% −0.20
NVO Novo-Nordisk A/S-Spons ADR Reduce -83.6% 0.03% −0.20
TYL Tyler Technologies Inc. Reduce -85.6% 0.03% −0.18
QCOM Qualcomm Inc. Reduce -2.5% 0.59% −0.16
AGG iShares Core U.S. Aggregate Reduce -41.2% 0.21% −0.15
ENOV Enovis Corp. Reduce -86.8% 0.02% −0.15
ALLY Ally Financial Inc. Reduce -20.1% 0.30% −0.14
MMS Maximus Inc. Reduce -97.5% 0.00% −0.13
CMA Comerica Inc. Reduce -90.0% 0.02% −0.13
TTMI TTM Technologies Reduce -30.9% 0.20% −0.12
ARE Alexandria Real Estate Equit Reduce -42.0% 0.14% −0.11
STLD Steel Dynamics Inc. Reduce -16.7% 0.35% −0.11
CROX Crocs Inc. Reduce -35.6% 0.16% −0.11
QUAL iShares MSCI USA Quality Fac Reduce -28.0% 0.25% −0.10
AMGN Amgen Inc. Reduce -21.8% 0.30% −0.09
EW Edwards Lifesciences Corp. Reduce -6.5% 0.16% −0.09
WMT Walmart Inc. Reduce -22.8% 0.59% −0.09
CG The Carlyle Group Inc. Reduce -67.6% 0.04% −0.09
TSM Taiwan Semiconductor-SP ADR Reduce -28.3% 0.18% −0.09
AIG American International Group Reduce -33.3% 0.14% −0.08
EVRG Evergy Inc. Reduce -95.9% 0.00% −0.08
NOV Nov Inc. Reduce -5.2% 0.23% −0.07
HALO Halozyme Therapeutics Inc. Reduce -75.3% 0.03% −0.07
MTH Meritage Homes Corp. Reduce -74.0% 0.03% −0.07
BNY Bank of New York Mellon Corp. Reduce -39.3% 0.16% −0.07
BALL Ball Corp. Reduce -38.1% 0.14% −0.07
LIN Linde PLC Reduce -67.7% 0.04% −0.07
SPGP Invesco S&P 500 Garp ETF Reduce -66.3% 0.03% −0.07
SGOV iShares 0-3 Month Treasury B Reduce -73.5% 0.02% −0.07
BJ Bj's Wholesale Club Holdings Reduce -9.9% 0.25% −0.06
PGNY Progyny Inc. Reduce -94.5% 0.00% −0.06
WMS Advanced Drainage Systems Inc. Reduce -6.3% 0.39% −0.06
PPC Pilgrim's Pride Corp. Reduce -48.8% 0.08% −0.06
SRPT Sarepta Therapeutics Inc. Reduce -3.1% 0.15% −0.06
ATI INC (ATI 3.5 06/15/25) Sold out 0.00% −0.06
HLI Houlihan Lokey Inc. Reduce -28.4% 0.21% −0.06
SCHX Schwab US Large-Cap ETF Reduce -96.4% 0.00% −0.05
CELH Celsius Holdings Inc. Reduce -92.5% 0.00% −0.05
VOOV Vanguard S&P 500 Value ETF Reduce -72.9% 0.02% −0.05
MZTI The Marzetti Company Reduce -17.8% 0.13% −0.05
NVMI Nova Ltd. Sold out 0.00% −0.05
IEF iShares 7-10 Year Treasury B Reduce -91.6% 0.00% −0.05

Portfolio Buys Q2 2024 → Q3 2024

V Visa Inc. Class A Add +370.1% 0.53% +0.42
AAPL Apple Inc. Add +7.4% 2.55% +0.27
CMG Chipotle Mexican Grill Inc. Add +674.3% 0.23% +0.20
IVV iShares Core S&P 500 ETF Add +16.0% 1.43% +0.19
VST Vistra Corp. Add +43.0% 0.40% +0.18
DASH DoorDash Inc. Class A Add +5396.1% 0.18% +0.18
SNY Sanofi-ADR Add +28890.2% 0.16% +0.16
CE Celanese Corp. Add +608.2% 0.18% +0.15
DECK Deckers Outdoor Corp. Add +402.2% 0.17% +0.13
PEN Penumbra Inc. Add +3832.3% 0.14% +0.13
DAY Dayforce Inc. Add +17267.3% 0.13% +0.13
SJM The JM Smucker Co. Add +891.3% 0.13% +0.12
WNS WNS Holdings Ltd. New 0.12% +0.12
LSTR Landstar System Inc. Add +3775.2% 0.12% +0.12
VEA Vanguard Ftse Developed ETF Add +102.0% 0.22% +0.11
KEY Keycorp Add +108.3% 0.19% +0.11
VTV Vanguard Mrngstr Val ETF-Aui Add +150.4% 0.17% +0.10
FBCG Fidelity Blue Chip Grow ETF Add +173.4% 0.15% +0.09
XMHQ Invesco S&P Midcap Qual ETF Add +101.0% 0.19% +0.09
PM Philip Morris International Add +12.1% 0.41% +0.09
AVGO Broadcom Inc. Add +24.2% 0.42% +0.09
FBND Fidelity Total Bond ETF Add +85.1% 0.19% +0.09
YUMC Yum China Holdings Inc. Add +21.3% 0.22% +0.09
TWST Twist Bioscience Corp. New 0.08% +0.08
LULU Lululemon Athletica Inc. Add +90.8% 0.22% +0.08
QRVO Qorvo Inc. Add +140.2% 0.16% +0.08
SBAC SBA Communications Corp. Add +9.0% 0.40% +0.08
WH Wyndham Hotels & Resorts Inc. Add +40.8% 0.26% +0.07
NE Noble Corp. PLC Add +764.2% 0.09% +0.07
MRSH Marsh & McLennan Cos Add +102.3% 0.15% +0.07
SNX TD Synnex Corp. Add +560.0% 0.09% +0.07
ETR Entergy Corp. Add +21.4% 0.25% +0.07
EFV iShares MSCI Eafe Value ETF Add +76.3% 0.16% +0.07
HD Home Depot Inc. Add +5.0% 0.50% +0.07
HUM Humana Inc. Add +55.6% 0.36% +0.07
IUSB Ishr CR Unvrse Usd BD ETF-Ui Add +91.2% 0.15% +0.07
COWZ Pacer US Cash Cows 100 ETF Add +230.0% 0.10% +0.07
WFG West Fraser Timber Co. Ltd. Add +37.1% 0.17% +0.07
MBB iShares MBS ETF Add +92.5% 0.14% +0.06
IDXX Idexx Laboratories Inc. Add +150.6% 0.10% +0.06
KVUE Kenvue Inc. Add +22.2% 0.18% +0.06
TLT iShares 20+ Year Treasury BD Add +84.7% 0.13% +0.06
PYPL PayPal Holdings Inc. Add +1.7% 0.25% +0.06
FIXD First Trust Smith Opportunis Add +170.7% 0.09% +0.05
LLY Eli Lilly & Co. Add +17.1% 0.72% +0.05
ECL Ecolab Inc. Add +131.3% 0.09% +0.05
INSULET CORPORATION (PODD 0.375 09/01/26) New 0.05% +0.05
MTD Mettler-Toledo International Add +1940.6% 0.05% +0.05
ADSK Autodesk Inc. Add +101.6% 0.09% +0.05
GILD Gilead Sciences Inc. Add +1.3% 0.35% +0.05

Notes & Other Activity Q2 2024 → Q3 2024

WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A Reduce -2.4% 23,633 $30.2M
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L Reduce -1.8% 23,287 $29.6M
APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) SER A MAND CNV Reduce -18.2% 252,568 $17.3M
ALBEMARLE CORP (ALB 7.25 03/01/27) 7.25% DEP SHS A Reduce -14.4% 382,857 $17.2M
HP ENTERPRISE CO (HPE 7.625 09/01/27) 7.625 MAND CONV New 258,775 $15.7M
NEXTERA ENERGY INC (NEE 6.926 09/01/25) UNIT 09/01/2025 Reduce -36.5% 257,171 $12.1M
NEXTERA ENERGY INC (NEE 7.299 06/01/27) UNIT 06/01/2027 New 98,864 $5.5M

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