SEC 13F Intelligence

Managers / Q4 2023 · view latest →

Covington Investment Advisors Inc.

CIK 0001569036 · 301 EAST MAIN STREET, LIGONIER, PA, 15658 · 724-238-0151

Reported Value
$551M
Q4 2023
Positions
73
Filings on Record
38
2019–present window
Filed
Nov 13, 2024
amendment (RESTATEMENT)

Summary

Covington Investment Advisors Inc. reported $551M in U.S.-listed holdings across 73 positions for Q4 2023.

Its largest position, MSFT, represents 6.0% of the portfolio.

Compared with Q3 2023, the fund opened 3 new positions and exited 4.

Portfolio Metrics

Turnover
+3.3%
vs prior filed quarter
Top-10 Concentration
+39.6%
share of reported value
Largest Position
+6.0%
Microsoft
New / Exited
3 / 4
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
Q4 ’18: $263MQ4 ’18Q1 ’19: $296MQ2 ’19: $307MQ3 ’19: $295MQ4 ’19: $324MQ4 ’19Q1 ’20: $263MQ2 ’20: $326MQ3 ’20: $349MQ4 ’20: $388MQ4 ’20Q1 ’21: $414MQ2 ’21: $455MQ3 ’21: $465MQ4 ’21: $491MQ4 ’21Q1 ’22: $478MQ2 ’22: $396MQ3 ’22: $386MQ4 ’22: $418MQ4 ’22Q1 ’23: $455MQ2 ’23: $500MQ3 ’23: $488MQ4 ’23: $551MQ4 ’23Q1 ’24: $613MQ2 ’24: $623MQ3 ’24: $665MQ4 ’24: $666MQ4 ’24Q1 ’25: $643MQ2 ’25: $700MQ3 ’25: $764MQ4 ’25: $732MQ4 ’25Q1 ’26: $680Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 88.6%ETP: 6.5%Other: 2.7%REIT: 2.3%
  • Common Stock · 88.6% · $488M
  • ETP · 6.5% · $36M
  • Other · 2.7% · $15M
  • REIT · 2.3% · $13M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
DRIDARDEN RESTAURANTS INCNEW+41.4K41.4K+$7M$7M
IBMPISHARES TRNEW+238.1K238.1K+$6M$6M
ISHARES TRNEW+18.2K18.2K+$436,000$436,000
ISHARES TRSOLD OUT−199.5K0−$5M$0
NKENIKE INCSOLD OUT−35.9K0−$3M$0
ACTIVISION BLIZZARD INCSOLD OUT−35.4K0−$3M$0
ISHARES TRSOLD OUT−57.5K0−$1M$0
IBMOISHARES TRADDED+73.1K267.3K+$2M$7M

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

Holdings — Q4 2023

62 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM6.04%$33M88.4K
2IBMOISHARES TRIBONDS DEC 25 · IBONDS DEC2024 · IBONDS DEC 26 · IBONDS DEC 27 · IBONDS DEC24 ETF · IBONDS DEC25 ETF · IBONDS DEC2026 · IBONDS 27 ETF5.81%$32M1.25M
3GOOGALPHABET INChistory →CAP STK CL C5.40%$30M211.1K
4AAPLAPPLE INChistory →COM5.01%$28M143.2K
5TMOTHERMO FISHER SCIENTIFIC INChistory →COM3.10%$17M32.2K
6ACNACCENTURE PLC IRELANDhistory →SHS CLASS A3.09%$17M48.5K
7WSOWATSCO INC.history →COM2.92%$16M37.5K
8VVISA INChistory →COM2.85%$16M60.3K
9PNCPNC FINL SVCS GROUP INChistory →COM2.67%$15M95.1K
10AMZNAMAZON COM INChistory →COM2.67%$15M96.6K
11AVGOBROADCOM INChistory →COM2.60%$14M12.8K
12FISVFISERV INChistory →COM2.59%$14M107.4K
13SPGIS&P GLOBAL INChistory →COM2.51%$14M31.4K
14LLYLILLY ELI & COhistory →COM2.32%$13M21.9K
15COPCONOCOPHILLIPShistory →COM2.21%$12M104.7K
16HDHOME DEPOT INChistory →COM2.20%$12M34.9K
17BLACKROCK INCCOM2.15%$12M14.6K
18UNHUNITEDHEALTH GROUP INChistory →COM2.10%$12M22.0K
19APDAIR PRODS & CHEMS INChistory →COM2.04%$11M41.1K
20TXNTEXAS INSTRS INChistory →COM1.83%$10M59.1K
21LAM RESEARCH CORPCOM1.80%$10M12.7K
22COSTCOSTCO WHSL CORP NEWhistory →COM1.68%$9M14.0K
23RTXRAYTHEON TECHNOLOGIES CORPhistory →COM1.64%$9M107.4K
24CVXCHEVRON CORP NEWhistory →COM1.56%$9M57.5K
25MCDMCDONALDS CORPhistory →COM1.55%$9M28.8K
26JNJJOHNSON & JOHNSONhistory →COM1.52%$8M53.3K
27JPMJPMORGAN CHASE & COhistory →COM1.44%$8M46.5K
28BDXBECTON DICKINSON & COhistory →COM1.32%$7M29.8K
29CCICROWN CASTLE INTL CORP NEWhistory →COM1.31%$7M62.7K
30ABTABBOTT LABShistory →COM1.30%$7M65.3K
31WMTWALMART INChistory →COM1.28%$7M44.6K
32DRIDARDEN RESTAURANTS INChistory →COM1.24%$7M41.4K
33BXBLACKSTONE INChistory →COM1.15%$6M48.2K
34SYKSTRYKER CORPORATIONhistory →COM1.15%$6M21.1K
35VUGVANGUARD INDEX FDSGROWTH ETF · MID CAP ETF · SML CP GRW ETF · S&P 500 ETF SHS1.10%$6M21.9K
36VCITVANGUARD SCOTTSDALE FDShistory →INT-TERM CORP1.09%$6M73.7K
37SBUXSTARBUCKS CORPhistory →COM1.08%$6M62.0K
38HONHONEYWELL INTL INChistory →COM1.06%$6M27.8K
39LHXL3HARRIS TECHNOLOGIES INC.history →COM1.03%$6M26.8K
40DUKDUKE ENERGY CORP NEWCOM NEW1.00%$5M56.5K
41PLDPROLOGIS INCCOM0.96%$5M39.7K
42PGPROCTER & GAMBLE COCOM0.94%$5M35.4K
43NSCNORFOLK SOUTHN CORPCOM0.94%$5M21.9K
44VZVERIZON COMMUNICATIONS INCCOM0.86%$5M125.4K
45CTVACORTEVA INCCOM0.84%$5M96.0K
46KOCOCA COLA COCOM0.83%$5M77.9K
47HSYHERSHEY COCOM0.82%$5M24.2K
48NEENEXTERA ENERGY INCCOM0.78%$4M70.5K
49BF/BBROWN FORMAN CORPCL B0.75%$4M72.5K
50VYMVANGUARD WHITEHALL FDS INCHIGH DIV YLD0.66%$4M32.7K
51ITWILLINOIS TOOL WKS INCCOM0.62%$3M13.1K
52PEPPEPSICO INCCOM0.58%$3M18.8K
53LQDHISHARES U S ETF TRINT RT HDG C B0.33%$2M19.4K
54EXCEXELON CORPCOM0.30%$2M46.2K
55HUMHUMANA INCCOM0.29%$2M3.5K
56WABWABTEC CORPCOM0.24%$1M10.4K
57CEGCONSTELLATION ENERGY CORPCOM0.23%$1M11.0K
58SCHDSCHWAB STRATEGIC TRUS DIVIDEND EQ · US LRG CAP ETF0.18%$995,00015.3K
59PHPARKER HANNIFIN CORPCOM0.17%$959,0002.1K
60GDGENERAL DYNAMICS CORPCOM0.16%$883,0003.4K
61EDCONSOLIDATED EDISON INCCOM0.07%$402,0004.4K
62BNYBANK NEW YORK MELLON CORPCOM0.04%$247,0004.7K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$680M74May 12, 202613F-HRchanges · EDGAR ↗
Q4 2025$732M74Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$764M75Nov 12, 202513F-HRchanges · EDGAR ↗
Q2 2025$700M71Aug 12, 202513F-HRchanges · EDGAR ↗
Q1 2025$643M71May 12, 202513F-HRchanges · EDGAR ↗
Q4 2024$666M72May 13, 2025RESTATEMENTchanges · EDGAR ↗
Q3 2024$665M71Nov 13, 202413F-HRchanges · EDGAR ↗
Q2 2024$623M71Nov 13, 2024RESTATEMENTchanges · EDGAR ↗
Q1 2024$613M72Nov 13, 2024RESTATEMENTchanges · EDGAR ↗
Q4 2023$551M73Nov 13, 2024RESTATEMENTchanges · EDGAR ↗
Q3 2023$488M74Nov 13, 2024RESTATEMENTchanges · EDGAR ↗
Q2 2023$500M76Nov 13, 2024RESTATEMENTchanges · EDGAR ↗
Q1 2023$455M76Nov 13, 2024RESTATEMENTchanges · EDGAR ↗
Q4 2022$418M72Feb 10, 202313F-HRchanges · EDGAR ↗
Q3 2022$386M75Nov 10, 202213F-HRchanges · EDGAR ↗
Q2 2022$396M76Aug 10, 202213F-HRchanges · EDGAR ↗
Q1 2022$478M76May 9, 202213F-HRchanges · EDGAR ↗
Q4 2021$491M75Feb 10, 202213F-HRchanges · EDGAR ↗
Q3 2021$465M78Nov 10, 202113F-HRchanges · EDGAR ↗
Q2 2021$455M78Aug 9, 202113F-HRchanges · EDGAR ↗
Q1 2021$414M76Aug 12, 2021RESTATEMENTchanges · EDGAR ↗
Q4 2020$388M77Feb 12, 202113F-HRchanges · EDGAR ↗
Q3 2020$349M78Nov 13, 202013F-HRchanges · EDGAR ↗
Q2 2020$326M84Aug 13, 202013F-HRchanges · EDGAR ↗
Q1 2020$263M84May 13, 202013F-HRchanges · EDGAR ↗
Q4 2019$324M91Feb 12, 202013F-HRchanges · EDGAR ↗
Q3 2019$295M94Nov 13, 201913F-HRchanges · EDGAR ↗
Q2 2019$307M98Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$296M94May 13, 201913F-HRchanges · EDGAR ↗
Q4 2018$263M95Feb 13, 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 ↗.