SEC 13F Intelligence

Managers / Q1 2023 · view latest →

Covenant Partners, LLC

CIK 0001302739 · 3811 BEDFORD AVE SUITE 201, Nashville, TN, 37215 · 615-665-1801

Reported Value
$261M
Q1 2023
Positions
179
Filings on Record
30
2019–present window
Filed
Apr 19, 2023
original filing

Summary

Covenant Partners, LLC reported $261M in U.S.-listed holdings across 179 positions for Q1 2023.

The portfolio is heavily concentrated: EFV alone accounts for 57.2% of reported value.

Compared with Q4 2022, the fund opened 25 new positions and exited 20.

Portfolio Metrics

Turnover
+7.0%
vs prior filed quarter
Top-10 Concentration
+66.7%
share of reported value
Largest Position
+57.2%
Ishares Tr
New / Exited
25 / 20
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q1 ’19: $180MQ1 ’19Q2 ’19: $188MQ3 ’19: $188MQ4 ’19: $214MQ1 ’20: $187MQ1 ’20Q2 ’20: $216MQ3 ’20: $207MQ4 ’20: $236MQ1 ’21: $251MQ1 ’21Q2 ’21: $265MQ3 ’21: $254MQ4 ’21: $270MQ1 ’22: $251MQ1 ’22Q2 ’22: $216MQ3 ’22: $205MQ4 ’22: $249MQ1 ’23: $261MQ1 ’23Q2 ’23: $277MQ3 ’23: $275MQ4 ’23: $317MQ1 ’24: $343MQ1 ’24Q2 ’24: $329MQ3 ’24: $344MQ4 ’24: $324MQ1 ’25: $309MQ1 ’25Q2 ’25: $335MQ3 ’25: $353MQ4 ’25: $342MQ1 ’26: $0Q1 ’26filingsflow.com

Portfolio Composition

By security type
ETP: 57.8%Common Stock: 33.7%ADR: 5.2%Other: 2.2%REIT: 0.9%NY Reg Shrs: 0.2%
  • ETP · 57.8% · $151M
  • Common Stock · 33.7% · $88M
  • ADR · 5.2% · $14M
  • Other · 2.2% · $6M
  • REIT · 0.9% · $2M
  • NY Reg Shrs · 0.2% · $588,595

Quarter-over-Quarter Changes full breakdown →

vs Q4 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
IEFISHARES TRNEW+21.5K21.5K+$2M$2M
SPTISPDR SER TRNEW+50.0K50.0K+$1M$1M
PSXPHILLIPS 66NEW+9.5K9.5K+$959,764$959,764
METAMETA PLATFORMS INCNEW+3.5K3.5K+$738,187$738,187
ACGLARCH CAP GROUP LTDNEW+9.8K9.8K+$661,733$661,733
CRMSALESFORCE INCNEW+3.1K3.1K+$616,321$616,321
PHGKONINKLIJKE PHILIPS N VNEW+32.1K32.1K+$588,595$588,595
SNYSANOFINEW+10.7K10.7K+$579,845$579,845

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2023

165 positions (from 179 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1EFVISHARES TREAFE VALUE ETF · EAFE GRWTH ETF · RUS 1000 GRW ETF · RUS MDCP VAL ETF · RUS 1000 VAL ETF · RUS 2000 GRW ETF · RUS 2000 VAL ETF · EAFE SML CP ETF · 7-10 YR TRSY BD · CORE S&P500 ETF · S&P 500 GRWT ETF · RUS MID CAP ETF · S&P 500 VAL ETF · RUS 1000 ETF · RUSSELL 2000 ETF57.21%$149M1.54M
2IIIVI3 VERTICALS INChistory →COM CL A3.23%$8M343.9K
3MSFTMICROSOFT CORPhistory →COM1.31%$3M11.8K
4AAPLAPPLE INChistory →COM1.00%$3M15.9K
5ASMLASML HOLDING N VN Y REGISTRY SHS0.82%$2M3.2K
6ACNACCENTURE PLC IRELANDSHS CLASS A0.68%$2M6.2K
7AMZNAMAZON COM INCCOM0.68%$2M17.1K
8CANADIAN PAC RY LTDCOM0.61%$2M20.6K
9AZNNASTRAZENECA PLCSPONSORED ADR0.60%$2M22.6K
10ABBVABBVIE INCCOM0.56%$1M9.2K
11VVISA INCCOM CL A0.56%$1M6.4K
12SPTISPDR SER TRPORTFLI INTRMDIT0.55%$1M50.0K
13NVDANVIDIA CORPORATIONCOM0.55%$1M5.2K
14NVONOVO-NORDISK A SADR0.53%$1M8.7K
15PAYXPAYCHEX INCCOM0.52%$1M11.9K
16MTDMETTLER TOLEDO INTERNATIONALCOM0.52%$1M890
17UNHUNITEDHEALTH GROUP INCCOM0.52%$1M2.9K
18ALCALCON AGORD SHS0.50%$1M18.4K
19SNASNAP ON INCCOM0.50%$1M5.3K
20RACEFERRARI N VCOM0.49%$1M4.8K
21HDHOME DEPOT INCCOM0.49%$1M4.4K
22MRKMERCK & CO INCCOM0.47%$1M11.5K
23AMPAMERIPRISE FINL INCCOM0.46%$1M3.9K
24SAPSAP SESPON ADR0.43%$1M8.8K
25LMTLOCKHEED MARTIN CORPCOM0.42%$1M2.3K
26CVXCHEVRON CORP NEWCOM0.41%$1M6.6K
27JPMJPMORGAN CHASE & COCOM0.39%$1M7.9K
28RMDRESMED INCCOM0.39%$1M4.7K
29AJGGALLAGHER ARTHUR J & COCOM0.39%$1M5.3K
30PMPHILIP MORRIS INTL INCCOM0.38%$980,76610.1K
31PSXPHILLIPS 66COM0.37%$959,7649.5K
32AONAON PLCSHS CL A0.37%$954,0683.0K
33GWWGRAINGER W W INCCOM0.35%$909,2291.3K
34PLDPROLOGIS INC.COM0.34%$891,7317.1K
35BLACKROCK INCCOM0.34%$891,2681.3K
36RYAAYRYANAIR HOLDINGS PLCSPONSORED ADS0.34%$875,6719.3K
37UNPUNION PAC CORPCOM0.33%$858,3744.3K
38PUKPRUDENTIAL PLCADR0.33%$850,65731.1K
39ZTSZOETIS INCCL A0.33%$850,3425.1K
40ABTABBOTT LABSCOM0.32%$837,1168.3K
41NFLXNETFLIX INCCOM0.32%$832,9522.4K
42TMOTHERMO FISHER SCIENTIFIC INCCOM0.32%$828,2441.4K
43PANWPALO ALTO NETWORKS INCCOM0.31%$809,5464.1K
44DISCOVER FINL SVCSCOM0.31%$808,5118.2K
45NEENEXTERA ENERGY INCCOM0.31%$797,00710.3K
46ICLRICON PLCSHS0.30%$787,7203.7K
47METAMETA PLATFORMS INCCL A0.28%$738,1873.5K
48PEPPEPSICO INCCOM0.28%$729,9294.0K
49NVSNOVARTIS AGSPONSORED ADR0.28%$722,1087.8K
50TAKTAKEDA PHARMACEUTICAL CO LTDSPONSORED ADS0.28%$720,83543.7K
51RELXRELX PLCSPONSORED ADR0.27%$712,12322.0K
52CSCOCISCO SYS INCCOM0.27%$709,63313.6K
53HONHONEYWELL INTL INCCOM0.26%$684,4013.6K
54UPSUNITED PARCEL SERVICE INCCL B0.26%$682,6513.5K
55DRIDARDEN RESTAURANTS INCCOM0.26%$675,5674.4K
56BCSBARCLAYS PLCADR0.26%$672,45993.5K
57UNILEVER PLCSPON ADR NEW0.25%$663,25012.8K
58ACGLARCH CAP GROUP LTDORD0.25%$661,7339.8K
59MNSTMONSTER BEVERAGE CORP NEWCOM0.25%$658,27412.2K
60IBNICICI BANK LIMITEDADR0.25%$654,52130.3K
61VZVERIZON COMMUNICATIONS INCCOM0.24%$633,40116.3K
62INGING GROEP N.V.SPONSORED ADR0.24%$629,18153.0K
63CRMSALESFORCE INCCOM0.24%$616,3213.1K
64NKENIKE INCCL B0.23%$608,9085.0K
65SPGIS&P GLOBAL INCCOM0.23%$598,1761.7K
66UBS AG LONDON BRANCHETRACS LKD ENT0.23%$595,5783.5K
67PHGKONINKLIJKE PHILIPS N VNY REGIS SHS NEW0.23%$588,59532.1K
68RTXRAYTHEON TECHNOLOGIES CORPCOM0.22%$585,4266.0K
69SNYSANOFISPONSORED ADR0.22%$579,84510.7K
70SBUXSTARBUCKS CORPCOM0.22%$579,4835.6K
71PINNACLE FINL PARTNERS INCCOM0.22%$578,18710.5K
72CCICROWN CASTLE INCCOM0.22%$571,7644.3K
73PGPROCTER AND GAMBLE COCOM0.22%$567,9963.8K
74ONON SEMICONDUCTOR CORPCOM0.21%$545,2886.6K
75CHARLES RIV LABS INTL INCCOM0.21%$535,2272.7K
76THOMSON REUTERS CORP.COM NEW0.20%$528,4174.1K
77SNPSSYNOPSYS INCCOM0.20%$523,3691.4K
78FERGUSON PLC NEWSHS0.19%$507,5813.8K
79ULTAULTA BEAUTY INCCOM0.19%$494,923907
80EPAMEPAM SYS INCCOM0.19%$494,5461.7K
81ADBEADOBE SYSTEMS INCORPORATEDCOM0.19%$489,0351.3K
82ISRGINTUITIVE SURGICAL INCCOM NEW0.19%$486,1591.9K
83DXCMDEXCOM INCCOM0.19%$485,8654.2K
84CSTLCASTLE BIOSCIENCES INCCOM0.19%$483,45921.3K
85RJFRAYMOND JAMES FINL INCCOM0.18%$475,0245.1K
86EQIXEQUINIX INCCOM0.18%$460,024638
87DHID R HORTON INCCOM0.17%$450,9374.6K
88AHCOADAPTHEALTH CORPCOMMON STOCK0.17%$449,35736.2K
89CPRTCOPART INCCOM0.17%$447,0485.9K
90SMFGSUMITOMO MITSUI FINL GROUP ISPONSORED ADR0.17%$446,28055.8K
91PGRPROGRESSIVE CORPCOM0.17%$437,9073.1K
92CNICANADIAN NATL RY COCOM0.17%$435,8993.7K
93SYKSTRYKER CORPORATIONCOM0.17%$435,6271.5K
94MASMASCO CORPCOM0.17%$434,8018.7K
95DECKDECKERS OUTDOOR CORPCOM0.17%$434,265966
96ITWILLINOIS TOOL WKS INCCOM0.17%$430,9071.8K
97PYPLPAYPAL HLDGS INCCOM0.16%$428,6055.6K
98DIODDIODES INCCOM0.16%$425,1194.6K
99BPBP PLCSPONSORED ADR0.16%$420,37511.1K
100USBUS BANCORP DELCOM NEW0.16%$416,26911.5K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$01May 12, 202613F-HRchanges · EDGAR ↗
Q4 2025$342M135Jan 26, 202613F-HRchanges · EDGAR ↗
Q3 2025$353M135Oct 24, 202513F-HRchanges · EDGAR ↗
Q2 2025$335M146Jul 30, 202513F-HRchanges · EDGAR ↗
Q1 2025$309M144May 13, 202513F-HRchanges · EDGAR ↗
Q4 2024$324M154Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$344M177Oct 24, 202413F-HRchanges · EDGAR ↗
Q2 2024$329M178Aug 5, 202413F-HRchanges · EDGAR ↗
Q1 2024$343M190Apr 30, 202413F-HRchanges · EDGAR ↗
Q4 2023$317M186Feb 20, 202413F-HRchanges · EDGAR ↗
Q3 2023$275M181Oct 20, 202313F-HRchanges · EDGAR ↗
Q2 2023$277M180Sep 5, 2023RESTATEMENTchanges · EDGAR ↗
Q1 2023$261M179Apr 19, 202313F-HRchanges · EDGAR ↗
Q4 2022$249M174Feb 17, 202313F-HRchanges · EDGAR ↗
Q3 2022$205M166Nov 10, 202213F-HRchanges · EDGAR ↗
Q2 2022$216M177Jul 27, 202213F-HRchanges · EDGAR ↗
Q1 2022$251M193May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$270M196Feb 15, 202213F-HRchanges · EDGAR ↗
Q3 2021$254M194Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$265M201Aug 2, 202113F-HRchanges · EDGAR ↗
Q1 2021$251M201May 11, 202113F-HRchanges · EDGAR ↗
Q4 2020$236M179Feb 10, 202113F-HRchanges · EDGAR ↗
Q3 2020$207M193Nov 10, 202013F-HRchanges · EDGAR ↗
Q2 2020$216M199Aug 17, 202013F-HRchanges · EDGAR ↗
Q1 2020$187M190May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$214M196Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$188M175Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$188M188Aug 15, 201913F-HRchanges · EDGAR ↗
Q1 2019$180M187May 16, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.