Institutional Manager · CIK 0001569036

Covington Investment Advisors Inc.

LIGONIER, PA · File #028-15166

Latest AUM

$731,687

Positions

Top-10 Concentration

46.7%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
ADD	VANGUARD INDEX FDS	922908363	+20,583	+$12,908	+$22
EXITED	FISERV INC	337738108	-96,531	-$12,446	$0
REDUCE	ALPHABET INC	GOOG	-28,934	-$9,080	+$15,891
EXITED	ISHARES TR	46435U432	-235,579	-$6,311	$0
NEW	ISHARES TR	46436E163	+238,975	+$6,077	$0
REDUCE	APPLE INC	AAPL	-18,413	-$5,006	+$2,330
REDUCE	NVIDIA CORPORATION	NVDA	-26,684	-$4,977	-$15
REDUCE	BROADCOM INC	AVGO	-13,489	-$4,669	+$2,205
REDUCE	MICROSOFT CORP	MSFT	-8,191	-$3,961	-$3,231
REDUCE	LAM RESEARCH CORP	LRCX	-19,676	-$3,368	+$6,423

Sector Allocation

Technology

27.4%$200,689

Healthcare

9.1%$66,469

Financials

7.8%$57,340

Consumer Discretionary

7.4%$54,510

Industrials

5.1%$37,380

Energy

2.5%$18,717

Consumer Staples

2.3%$17,019

Communication Services

1.9%$13,940

Utilities

1.0%$7,230

Materials

0.9%$6,523

Filing History

Feb 17, 202613F HOLDINGS REPORTQ/E Dec 202574 pos · $731,687
Nov 12, 202513F HOLDINGS REPORTQ/E Sep 202575 pos · $763,903
Aug 12, 202513F HOLDINGS REPORTQ/E Jun 202571 pos · $700,025
May 13, 202513F HOLDINGS REPORT (Amended)Q/E Mar 202572 pos · $666,325
May 12, 202513F HOLDINGS REPORTQ/E Mar 202571 pos · $643,440
Feb 12, 202513F HOLDINGS REPORTQ/E Dec 202472 pos · $1.1M
Nov 13, 202413F HOLDINGS REPORT (Amended)Q/E Sep 202476 pos · $500,390
Nov 13, 202413F HOLDINGS REPORTQ/E Sep 202471 pos · $665,221
Nov 13, 202413F HOLDINGS REPORT (Amended)Q/E Sep 202472 pos · $613,421
Nov 13, 202413F HOLDINGS REPORT (Amended)Q/E Sep 202473 pos · $550,638
Nov 13, 202413F HOLDINGS REPORT (Amended)Q/E Sep 202471 pos · $623,341
Nov 13, 202413F HOLDINGS REPORT (Amended)Q/E Sep 202474 pos · $487,695
Nov 13, 202413F HOLDINGS REPORT (Amended)Q/E Sep 202476 pos · $454,742
Aug 16, 202413F HOLDINGS REPORTQ/E Jun 202468 pos · $623,090
May 14, 202413F HOLDINGS REPORTQ/E Mar 202465 pos · $583,461
Nov 13, 202313F HOLDINGS REPORTQ/E Dec 202366 pos · $469,745

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	ALPHABET INC	GOOG	197,255	$61,899	8.94%
2	BROADCOM INC	AVGO	122,685	$42,461	6.13%
3	MICROSOFT CORP	MSFT	85,888	$41,537	6.00%
4	APPLE INC	AAPL	116,817	$31,758	4.59%
5	NVIDIA CORPORATION	NVDA	169,204	$31,557	4.56%
6	AMAZON COM INC	AMZN	117,218	$27,056	3.91%
7	LAM RESEARCH CORP	LRCX	152,604	$26,123	3.77%
8	PNC FINL SVCS GROUP INC	693475105	100,196	$20,914	3.02%
9	LILLY ELI & CO	LLY	19,373	$20,819	3.01%
10	ARISTA NETWORKS INC	ANET	148,414	$19,447	2.81%
11	VISA INC	V	53,897	$18,902	2.73%
12	THERMO FISHER SCIENTIFIC INC	TMO	30,260	$17,534	2.53%
13	RAYTHEON TECHNOLOGIES CORP	RTX	93,108	$17,076	2.47%
14	S&P GLOBAL INC	SPGI	31,478	$16,450	2.38%
15	BLACKROCK INC	BLK	13,753	$14,721	2.13%
16	META PLATFORMS INC	META	21,119	$13,940	2.01%
17	VANGUARD INDEX FDS	922908363	22,043	$13,824	2.00%
18	WATSCO INC.	WSO-B	34,855	$11,744	1.70%
19	AGILENT TECHNOLOGIES INC	A	82,605	$11,240	1.62%
20	JOHNSON & JOHNSON	JNJ	49,537	$10,252	1.48%