CI
Covington Investment Advisors Inc. — 13F Portfolio Report & Top Holdings (Q2 2026)
Covington Investment Advisors Inc.CIK: 0001569036
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$773.9M
Reporting period: 2026-06-30 · Number of holdings: 73
Covington Investment Advisors Inc. disclosed 73 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $773.9M and a quarterly turnover rate of 22.4%.
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Personality snowflake
- Concentration
- 12.58
- Portfolio Stability
- 22.44
- Momentum
- 100
- Sector conviction
- 55.46
- Diversification
- 100
- Sizing Uniformity
- 88.54
Covington Investment Advisors Inc.'s disclosed holdings carry a Herfindahl concentration index of 0.031 — mathematically equivalent to about 32 equally-sized positions, well below its 73 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 1.15), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd LRCXEUR
-2.0% $29.9M
Sold out CTVA
Sold out HON
New buy RPM
Sold out BX
Add ANETEUR
+1.6% $6.8M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 7.97% | +0.43% | -2.43% | |
| 2 | LRCXEUR | Lam Research CORP | Stock-Tech | 7.77% | +3.33% | -1.99% | |
| 3 | AVGO | Broadcom Inc | Stock-Tech | 5.45% | +0.29% | -1.71% | |
| 4 | NVDA | Nvidia CORP | Stock-Tech | 4.22% | +0.13% | +2.14% | |
| 5 | MSFT | Microsoft CORP | Stock-Tech | 4.10% | -0.38% | +3.45% | |
| 6 | AAPL | Apple Inc | Stock-Tech | 4.04% | -0.05% | -1.48% | |
| 7 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 3.86% | +0.31% | +7.92% | |
| 8 | ANETEUR | Arista Networks Inc | Stock-Other | 3.07% | +0.59% | +1.56% | |
| 9 | LLY | Eli Lilly & Co | Stock-Healthcare | 2.87% | +0.35% | -0.65% | |
| 10 | PNC | Pnc Financial Services Group | Stock-Financials | 2.71% | -0.17% | -9.68% | |
| 11 | V | Visa Inc-class A Shares | Stock-Financials | 2.37% | +0.04% | +1.57% | |
| 12 | RTX | Rtx CORP | Stock-Industrials | 2.12% | -0.35% | -0.53% | |
| 13 | CAT | Caterpillar Inc | Stock-Industrials | 2.08% | +0.39% | -6.67% | |
| 14 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 2.05% | -0.05% | -3.08% | |
| 15 | WSO | Watsco Inc | Stock-Industrials | 1.85% | +0.03% | +0.95% | |
| 16 | TMO | Thermo Fisher Scientific Inc | Stock-Healthcare | 1.84% | -0.24% | -1.13% | |
| 17 | TXN | Texas Instruments Inc | Stock-Tech | 1.80% | +0.47% | -0.06% | |
| 18 | SPGI | S&p Global Inc | Stock-Financials | 1.79% | -0.15% | +9.72% | |
| 19 | META | Meta Platforms Inc-class A | Stock-Comm Services | 1.74% | -0.01% | +14.68% | |
| 20 | BLKCHF | Blackrock Inc | Stock-Other | 1.64% | -0.21% | +0.51% | |
| 21 | JNJ | Johnson & Johnson | Stock-Healthcare | 1.46% | -0.17% | -1.91% | |
| 22 | VCIT | Vanguard Int-term Corporate | ETF-Corp Bonds | 1.43% | +0.21% | +33.59% | |
| 23 | A | Agilent Technologies Inc | Stock-Healthcare | 1.39% | +0.07% | +2.53% | |
| 24 | DRI | Darden Restaurants Inc | Stock-Consumer Disc | 1.35% | -0.10% | +0.60% | |
| 25 | IBMQ | Ishares Ibonds Dec 2028 Muni | ETF-Other | 1.33% | -0.12% | +4.05% | |
| 26 | COP | Conocophillips | Stock-Energy | 1.26% | -0.57% | -0.54% | |
| 27 | IBMP | Ishares Ibonds Dec 2027 Term | ETF-Other | 1.24% | -0.14% | +2.12% | |
| 28 | SNPS | Synopsys Inc | Stock-Tech | 1.19% | +0.15% | +15.01% | |
| 29 | VYM | Vanguard High Dvd Yield ETF | ETF-Other | 1.13% | -0.14% | -5.19% | |
| 30 | JPM | Jpmorgan Chase & Co | Stock-Financials | 1.12% | -0.10% | -6.06% | |
| 31 | IBMO | Ishares Ibonds Dec 2026 Term | ETF-Other | 1.07% | -0.15% | +0.15% | |
| 32 | APD | Air Products & Chemicals Inc | Stock-Materials | 1.05% | -0.19% | -4.54% | |
| 33 | IBMR | Ishares Ibonds Dec 2029 M Bd | ETF-Other | 1.05% | -0.01% | +11.98% | |
| 34 | HD | Home Depot Inc | Stock-Consumer Disc | 1.05% | -0.14% | -6.63% | |
| 35 | RPM | Rpm International Inc | Stock-Materials | 1.04% | +1.04% | NEW | |
| 36 | WMT | Walmart Inc | Stock-Consumer Staples | 0.96% | -0.26% | -2.33% | |
| 37 | LHX | L3harris Technologies Inc | Stock-Industrials | 0.94% | -0.30% | +2.38% | |
| 38 | MCD | Mcdonald's CORP | Stock-Consumer Disc | 0.87% | -0.28% | -0.96% | |
| 39 | PLD | Prologis Inc | Stock-Real Estate | 0.85% | -0.08% | +1.94% | |
| 40 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.82% | -0.16% | +1.33% | |
| 41 | KO | Coca-cola Co/the | Stock-Consumer Staples | 0.76% | -0.04% | +0.71% | |
| 42 | ABT | Abbott Laboratories | Stock-Healthcare | 0.73% | -0.19% | +1.64% | |
| 43 | WHD | Cactus Inc - A | Stock-Other | 0.71% | -0.03% | +0.12% | |
| 44 | DUK | Duke Energy CORP | Stock-Utilities | 0.70% | -0.11% | +1.43% | |
| 45 | SYK | Stryker CORP | Stock-Healthcare | 0.68% | -0.10% | +3.52% | |
| 46 | CEG | Constellation Energy | Stock-Utilities | 0.64% | +0.09% | +48.56% | |
| 47 | VUG | Vanguard Growth ETF | ETF-Other | 0.61% | — | +472.75% | |
| 48 | CVX | Chevron CORP | Stock-Energy | 0.54% | -0.23% | +0.28% | |
| 49 | VBK | Vanguard Small-cap Grwth ETF | ETF-Other | 0.53% | +0.01% | -3.38% | |
| 50 | VO | Vanguard Mid-cap ETF | ETF-Other | 0.52% | -0.03% | +288.91% |
1–50 of 73
Portfolio Performance
Performance for Q3 2026
+1.8%
Performance Last 4 Quarters
+16.6%
- Stdev
- +12%
- Beta
- +0.87
- Alpha
- -1.2%
- Max Drawdown
- -8.5%
- Annualized Perf
- +16.5%
- Batting Avg vs S&P
- +44.4%
- Sortino
- +2.69
- Stutzer
- +0.4
- Treynor
- +0.19
- Sterling
- +1.04
- Calmar
- +1.94
- Information Ratio
- -0.86
- Tracking Error
- +4.6%
- Stdev Down
- +6%
- Winning Months %
- +66.7%
- Losing Months %
- +33.3%
- Best 12 Months
- +29.7%
- Worst 12 Months
- +8.7%
- Efficiency Ratio
- +0.53
- Sharpe
- +1.34
- Stdev Sectors
- +9.2%
- Skewness
- +0.18
- Kurtosis
- +0.32
- Upside Potential
- +4.41
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 73 | $773.9M | 22 | ||
| 2026 Q1 | 74 | $680.5M | 14 | ||
| 2025 Q4 | 74 | $731.7M | 17 | ||
| 2025 Q3 | 75 | $763.9M | 29 | ||
| 2025 Q2 | 71 | $700.0M | 0 | ||
| 2025 Q1 | 71 | $643.4M | 15 | ||
| 2024 Q4 | 72 | $661.5M | 100 | ||
| 2024 Q3 | 71 | $665.2M | 0 | ||
| 2024 Q2 | 71 | $623.3M | 0 | ||
| 2024 Q1 | 72 | $613.4M | 0 | ||
| 2023 Q4 | 73 | $550.6M | 0 | ||
| 2023 Q3 | 74 | $487.7M | 0 | ||
| 2023 Q2 | 76 | $500.4M | — | ||
| 2023 Q1 | 76 | $454.7M | — | ||
| 2022 Q4 | 72 | $418.1M | 0 | ||
| 2022 Q3 | 75 | $385.9M | 0 | ||
| 2022 Q2 | 76 | $395.7M | 0 | ||
| 2022 Q1 | 76 | $478.2M | 0 | ||
| 2021 Q4 | 75 | $490.9M | 0 | ||
| 2021 Q3 | 78 | $464.8M | 0 | ||
| 2021 Q2 | 78 | $455.4M | — | ||
| 2021 Q1 | 76 | $413.9M | 100 | ||
| 2020 Q4 | 77 | $387.5M | 20 | ||
| 2020 Q3 | 78 | $348.7M | 25 | ||
| 2020 Q2 | 84 | $325.6M | 30 | ||
| 2020 Q1 | 84 | $262.9M | 35 | ||
| 2019 Q4 | 91 | $324.5M | 15 | ||
| 2019 Q3 | 94 | $295.2M | 11 | ||
| 2019 Q2 | 98 | $307.1M | 13 | ||
| 2019 Q1 | 94 | $296.1M | 18 | ||
| 2018 Q4 | 95 | $263.3M | 22 | ||
| 2018 Q3 | 83 | $307.3M | 13 | ||
| 2018 Q2 | 85 | $291.3M | 25 | ||
| 2018 Q1 | 88 | $311.0M | 15 | ||
| 2017 Q4 | 90 | $292.1M | 14 | ||
| 2017 Q3 | 88 | $264.8M | 14 | ||
| 2017 Q2 | 90 | $262.1M | 7 | ||
| 2017 Q1 | 90 | $250.1M | 13 | ||
| 2016 Q4 | 87 | $235.6M | 18 | ||
| 2016 Q3 | 84 | $219.6M | 11 | ||
| 2016 Q2 | 87 | $226.4M | 7 | ||
| 2016 Q1 | 88 | $219.9M | 9 | ||
| 2015 Q4 | 86 | $216.3M | 33 | ||
| 2015 Q3 | 86 | $188.7M | 38 | ||
| 2015 Q2 | 82 | $160.0M | 27 | ||
| 2015 Q1 | 81 | $144.6M | 34 | ||
| 2014 Q4 | 85 | $182.5M | 22 | ||
| 2014 Q3 | 85 | $173.0M | 8 | ||
| 2014 Q2 | 85 | $172.5M | 13 | ||
| 2014 Q1 | 87 | $168.9M | 17 | ||
| 2013 Q4 | 83 | $155.9M | 16 | ||
| 2013 Q3 | 86 | $146.9M | 7 | ||
| 2013 Q2 | 85 | $143.5M | — |
Holding changes this quarter
Covington Investment Advisors Inc.'s most significant position changes for 2026-06-30: New buy: Rpm International Inc (RPM); Sold out: Corteva Inc (CTVA); Sold out: Honeywell International Inc (HON); Sold out: Blackstone Inc (BX); New buy: .
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | LRCXEUR | Lam Research CORP | +3.3% | -1.99% | Trim |
| 2 | RPM | Rpm International Inc | +1% | NEW | New buy |
| 3 | ANETEUR | Arista Networks Inc | +0.6% | +1.56% | Add |
| 4 | ✓ | +0.5% | NEW | New buy | |
| 5 | ✓ | +0.5% | NEW | New buy | |
| 6 | TXN | Texas Instruments Inc | +0.5% | -0.06% | Trim |
| 7 | GOOG | Alphabet Inc-cl C | +0.4% | -2.43% | Trim |
| 8 | CAT | Caterpillar Inc | +0.4% | -6.67% | Trim |
| 9 | LLY | Eli Lilly & Co | +0.4% | -0.65% | Trim |
| 10 | AMZN | Amazon.com Inc | +0.3% | +7.92% | Add |
| 11 | AVGO | Broadcom Inc | +0.3% | -1.71% | Trim |
| 12 | VCIT | Vanguard Int-term Corporate | +0.2% | +33.59% | Add |
| 13 | IBDU | Ishares Ibonds Dec 2029 Term | +0.2% | +90.63% | Add |
| 14 | SNPS | Synopsys Inc | +0.2% | +15.01% | Add |
| 15 | IBDS | Ishrs Ibnds Dec 27 CORP ETF | +0.1% | +55.39% | Add |
| 16 | NVDA | Nvidia CORP | +0.1% | +2.14% | Add |
| 17 | IBDT | Ishares Ibonds Dec 2028 ETF | +0.1% | +42.09% | Add |
| 18 | CEG | Constellation Energy | +0.1% | +48.56% | Add |
| 19 | A | Agilent Technologies Inc | +0.1% | +2.53% | Add |
| 20 | V | Visa Inc-class A Shares | 0% | +1.57% | Add |
| 21 | WSO | Watsco Inc | 0% | +0.95% | Add |
| 22 | ETN | Eaton Corporation plc | 0% | NEW | New buy |
| 23 | GOOGL | Alphabet Inc-cl A | 0% | +1.33% | Add |
| 24 | VBK | Vanguard Small-cap Grwth ETF | 0% | -3.38% | Trim |
| 25 | IBDR | Ishares Ibonds Dec 2026 Term | 0% | +17.63% | Add |
| 26 | VUG | Vanguard Growth ETF | — | +472.75% | Add |
| 27 | SCHX | Schwab US Large-cap ETF | — | -0.76% | Trim |
| 28 | VV | Vanguard Large-cap ETF | — | — | Unchanged |
| 29 | IEFA | Ishares Core Msci Eafe ETF | — | +0.85% | Add |
| 30 | RSG | Republic Services Inc | — | — | Unchanged |
| 31 | META | Meta Platforms Inc-class A | 0% | +14.68% | Add |
| 32 | IBMR | Ishares Ibonds Dec 2029 M Bd | 0% | +11.98% | Add |
| 33 | CB | Chubb Limited | 0% | — | Unchanged |
| 34 | SCHD | Schwab US Dvd Equity ETF | 0% | -0.62% | Trim |
| 35 | PH | Parker Hannifin CORP | 0% | -0.93% | Trim |
| 36 | WAB | Wabtec CORP | 0% | -1.93% | Trim |
| 37 | BRK-B | Berkshire Hathaway Inc-cl B | 0% | — | Unchanged |
| 38 | GD | General Dynamics CORP | 0% | -8.84% | Trim |
| 39 | SPY | Ss Spdr S&p 500 ETF Trust-us | 0% | -17.37% | Trim |
| 40 | WHD | Cactus Inc - A | 0% | +0.12% | Add |
| 41 | VO | Vanguard Mid-cap ETF | 0% | +288.91% | Add |
| 42 | COR | Cencora Inc | 0% | EXIT | Sold out |
| 43 | KO | Coca-cola Co/the | 0% | +0.71% | Add |
| 44 | AAPL | Apple Inc | -0.1% | -1.48% | Trim |
| 45 | VOO | Vanguard S&p 500 ETF | -0.1% | -3.08% | Trim |
| 46 | PLD | Prologis Inc | -0.1% | +1.94% | Add |
| 47 | SOLS | Solstice Adv Materials Inc | -0.1% | EXIT | Sold out |
| 48 | EXC | Exelon CORP | -0.1% | -8.57% | Trim |
| 49 | NEE | Nextera Energy Inc | -0.1% | +0.12% | Add |
| 50 | DRI | Darden Restaurants Inc | -0.1% | +0.60% | Add |
1–50 of 78
Filing History
FAQ
What is Covington Investment Advisors Inc. and what type of investor is it?
Covington Investment Advisors Inc. is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $773.9M, spread across 73 disclosed positions.
What are Covington Investment Advisors Inc.'s largest equity positions?
Based on the latest 13F filing, Covington Investment Advisors Inc.'s top holdings by market value are:
1. Alphabet Inc-cl C (GOOG) — $61.6M (8.0%)
2. Lam Research CORP (LRCXEUR) — $60.1M (7.8%)
3. Broadcom Inc (AVGO) — $42.1M (5.5%)
4. Nvidia CORP (NVDA) — $32.6M (4.2%)
5. Microsoft CORP (MSFT) — $31.8M (4.1%)
What changes did Covington Investment Advisors Inc. make in its most recent portfolio filing?
In the latest reported quarter, Covington Investment Advisors Inc. made 74 notable position adjustments: 4 new positions were initiated, 37 existing holdings were added to, 28 positions were partially reduced, and 5 were completely exited. The largest of these moves: New buy: Rpm International Inc (RPM); Sold out: Corteva Inc (CTVA); Sold out: Honeywell International Inc (HON); Sold out: Blackstone Inc (BX); New buy:
What sectors does Covington Investment Advisors Inc. focus on?
Covington Investment Advisors Inc. is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 35.5%
• Communication Services: 12.4%
• Health Care: 11.2%
• Financials: 10.1%
• Industrials: 9.6%
• Consumer Discretionary: 8.9%
Investment Profile
Covington Investment Advisors Inc. returned an annualized 16.5% over the trailing 36 months — underperforming the S&P 500 by 1.2 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.87 (less volatile than the market) and a 44% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active, with 35.5% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 22 over the past 4 quarters — a shift toward more active trading.
It has added to its LRCXEUR position over the past two quarters (+$34.0M, now $60.1M), while trimming PG over the same stretch (-$3.8M, still holding $1.5M).
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Developer Access
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