Covenant Partners 13F annual report

Covenant Partners is an investment fund managing more than $329 billion ran by Wendy Vasquez. There are currently 160 companies in Mrs. Vasquez’s portfolio. The largest investments include Ishares Tr and Microsoft, together worth $213 billion.

Limited to 30 biggest holdings

$329 billion Assets Under Management (AUM)

As of 29th July 2024, Covenant Partners’s top holding is 1,697,642 shares of Ishares Tr currently worth over $207 billion and making up 63.0% of the portfolio value. In addition, the fund holds 12,326 shares of Microsoft worth $5.51 billion, whose value grew 0.7% in the past six months. The third-largest holding is NVIDIA Corp worth $4.8 billion and the next is i3 Verticals Inc worth $4.1 billion, with 185,590 shares owned.

Currently, Covenant Partners's portfolio is worth at least $329 billion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Covenant Partners

The Covenant Partners office and employees reside in Nashville, Tennessee. According to the last 13-F report filed with the SEC, Wendy Vasquez serves as the CCO at Covenant Partners.

Recent trades

In the most recent 13F filing, Covenant Partners revealed that it had opened a new position in Taiwan Semiconductor Mfg Ltd and bought 3,189 shares worth $554 million.

The investment fund also strengthened its position in NVIDIA Corp by buying 34,965 additional shares. This makes their stake in NVIDIA Corp total 38,850 shares worth $4.8 billion. NVIDIA Corp dropped approximately 0.1% in the past year.

On the other hand, there are companies that Covenant Partners is getting rid of from its portfolio. Covenant Partners closed its position in Us Bancorp Del on 5th August 2024. It sold the previously owned 16,876 shares for $754 million. Wendy Vasquez also disclosed a decreased stake in Ishares Tr by approximately 0.1%. This leaves the value of the investment at $207 billion and 1,697,642 shares.

One of the smaller hedge funds

The two most similar investment funds to Covenant Partners are Periscope Capital and Dorsey Wright & Associates. They manage $329 billion and $329 billion respectively.


Wendy Vasquez investment strategy

Covenant Partners’s portfolio is diversified across 13 sectors. Currently, their heaviest sector is Technology — making up 8.4% of the total portfolio value. The fund focuses on investments in the United States as 50.6% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 59% of the total holdings value. On the other hand, small-cap stocks make up only 1.3% of the portfolio. The average market cap of the portfolio companies is close to $136 billion.

The complete list of Covenant Partners trades based on 13F SEC filings

These positions were updated on August 5th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security Shares Owned Value Allocation
Ishares Tr
6.25%
1,697,642
$207,220,950,000 62.99%
Microsoft Corporation
No change
12,326
$5,509,106,000 1.67%
NVIDIA Corp
900.00%
38,850
$4,799,529,000 1.46%
i3 Verticals Inc
6.64%
185,590
$4,097,828,000 1.25%
Apple Inc
2.36%
16,230
$3,418,363,000 1.04%
Amazon.com Inc.
No change
14,409
$2,784,540,000 0.85%
Asml Holding N V
0.93%
2,566
$2,624,326,000 0.80%
Novo-nordisk A S
No change
17,396
$2,483,106,000 0.75%
Ferrari N.V.
No change
4,764
$1,945,475,000 0.59%
Accenture Plc Ireland
No change
6,222
$1,887,818,000 0.57%
Meta Platforms Inc
No change
3,350
$1,689,137,000 0.51%
Ameriprise Finl Inc
No change
3,882
$1,658,352,000 0.50%
Canadian Pacific Kansas City
No change
20,591
$1,621,130,000 0.49%
Abbvie Inc
No change
9,178
$1,574,211,000 0.48%
JPMorgan Chase & Co.
No change
7,451
$1,507,040,000 0.46%
Home Depot, Inc.
No change
4,368
$1,503,641,000 0.46%
Alphabet Inc
No change
15,178
$2,773,617,000 0.84%
Merck & Co Inc
No change
11,522
$1,426,424,000 0.43%
Paychex Inc.
No change
11,943
$1,415,963,000 0.43%
Snap-on, Inc.
No change
5,254
$1,373,344,000 0.42%
Gallagher Arthur J & Co
No change
5,288
$1,371,232,000 0.42%
Visa Inc
No change
5,122
$1,344,372,000 0.41%
Grainger W W Inc
No change
1,302
$1,174,717,000 0.36%
Sap SE
No change
5,763
$1,162,455,000 0.35%
Icon Plc
No change
3,623
$1,135,702,000 0.35%
Spdr Ser Tr
0.97%
21,746
$1,376,054,000 0.42%
Phillips 66
2.48%
8,014
$1,131,337,000 0.34%
Chevron Corp.
No change
7,142
$1,117,152,000 0.34%
Unitedhealth Group Inc
No change
2,178
$1,109,169,000 0.34%
Palo Alto Networks Inc
No change
3,247
$1,100,766,000 0.33%
Steris Plc
No change
4,999
$1,097,481,000 0.33%
Astrazeneca plc
18.63%
13,924
$1,085,933,000 0.33%
Barclays plc
0.30%
101,379
$1,085,770,000 0.33%
Lockheed Martin Corp.
No change
2,315
$1,081,337,000 0.33%
Discover Finl Svcs
No change
8,180
$1,070,026,000 0.33%
Blackrock Inc.
No change
1,332
$1,048,711,000 0.32%
Union Pac Corp
1.43%
4,265
$964,999,000 0.29%
Linde Plc.
No change
2,178
$955,729,000 0.29%
Eli Lilly & Co
No change
1,001
$906,286,000 0.28%
Arch Cap Group Ltd
No change
8,784
$886,218,000 0.27%
RELX Plc
No change
19,100
$876,308,000 0.27%
Koninklijke Philips N.V.
3.41%
34,652
$873,231,000 0.27%
Abbott Labs
No change
8,267
$859,024,000 0.26%
Pinnacle Finl Partners Inc
No change
10,699
$856,348,000 0.26%
Netflix Inc.
No change
1,268
$855,748,000 0.26%
Ferguson Plc New
No change
4,418
$855,546,000 0.26%
ING Groep N.V.
No change
49,131
$842,106,000 0.26%
Zoetis Inc
No change
4,834
$838,023,000 0.25%
Novartis AG
No change
7,542
$802,922,000 0.24%
Prologis Inc
No change
7,147
$802,680,000 0.24%
Atlassian Corporation
27.92%
4,442
$785,701,000 0.24%
Synopsys, Inc.
No change
1,320
$785,480,000 0.24%
Us Bancorp Del
Closed
16,876
$754,358,000
Thermo Fisher Scientific Inc.
No change
1,329
$734,937,000 0.22%
Aon plc.
No change
2,454
$720,446,000 0.22%
S&P Global Inc
No change
1,581
$705,126,000 0.21%
Adobe Inc
No change
1,245
$691,648,000 0.21%
Eaton Corp Plc
No change
2,154
$675,387,000 0.21%
MercadoLibre Inc
29.00%
399
$655,717,000 0.20%
NextEra Energy Inc
No change
9,167
$649,116,000 0.20%
Procter And Gamble Co
No change
3,820
$629,995,000 0.19%
Raymond James Finl Inc
No change
5,093
$629,546,000 0.19%
Intuitive Surgical Inc
No change
1,396
$621,011,000 0.19%
AMGEN Inc.
0.85%
1,978
$618,027,000 0.19%
Progressive Corp.
No change
2,935
$609,629,000 0.19%
BP plc
16.65%
16,865
$608,827,000 0.19%
Pepsico Inc
No change
3,671
$605,459,000 0.18%
Shell Plc
0.29%
8,255
$595,846,000 0.18%
UBS Group AG
102.17%
20,031
$591,716,000 0.18%
Monolithic Pwr Sys Inc
No change
710
$583,393,000 0.18%
Microchip Technology, Inc.
Closed
6,492
$582,398,000
Mettler-Toledo International, Inc.
12.66%
414
$578,603,000 0.18%
Emcor Group, Inc.
9.18%
1,582
$577,557,000 0.18%
Copart, Inc.
No change
10,466
$566,839,000 0.17%
Icici Bank Limited
2.57%
19,409
$559,174,000 0.17%
Taiwan Semiconductor Mfg Ltd
Opened
3,189
$554,281,000 0.17%
Deckers Outdoor Corp.
6.09%
571
$552,700,000 0.17%
Applied Matls Inc
No change
2,324
$548,441,000 0.17%
Charles Riv Labs Intl Inc
No change
2,587
$534,423,000 0.16%
Prudential plc
137.30%
28,222
$517,028,000 0.16%
Verizon Communications Inc
14.51%
12,522
$516,408,000 0.16%
Salesforce Inc
No change
2,001
$514,458,000 0.16%
Resmed Inc.
No change
2,655
$508,221,000 0.15%
Darden Restaurants, Inc.
20.18%
3,315
$501,626,000 0.15%
Crane Co
No change
3,456
$501,051,000 0.15%
Sumitomo Mitsui Finl Group I
No change
37,262
$499,684,000 0.15%
Stryker Corp.
No change
1,461
$497,106,000 0.15%
D.R. Horton Inc.
No change
3,525
$496,779,000 0.15%
Ryanair Holdings Plc
No change
4,262
$496,268,000 0.15%
Monster Beverage Corp.
No change
9,904
$494,705,000 0.15%
Philip Morris International Inc
9.06%
4,790
$485,371,000 0.15%
Equinix Inc
No change
638
$482,711,000 0.15%
Nu Hldgs Ltd
Opened
36,613
$471,942,000 0.14%
Royal Caribbean Group
0.71%
2,934
$467,768,000 0.14%
Canadian Nat Res Ltd
91.81%
12,711
$452,512,000 0.14%
Waste Connections Inc
Closed
2,603
$447,743,000
Tjx Cos Inc New
6.99%
4,034
$444,144,000 0.14%
Saia Inc.
No change
921
$436,822,000 0.13%
Anheuser-Busch InBev SA/NV
No change
7,406
$430,659,000 0.13%
Coupang, Inc.
Opened
20,431
$428,030,000 0.13%
nVent Electric plc
No change
5,519
$422,811,000 0.13%
GSK Plc
12.55%
10,595
$407,908,000 0.12%
Booz Allen Hamilton Hldg Cor
No change
2,638
$405,989,000 0.12%
Hologic, Inc.
Opened
5,432
$403,326,000 0.12%
Flex Ltd
No change
13,659
$402,804,000 0.12%
Entegris Inc
No change
2,943
$398,483,000 0.12%
Monday Com Ltd
0.73%
1,651
$397,495,000 0.12%
Takeda Pharmaceutical Co
Closed
28,340
$393,643,000
Sps Comm Inc
No change
2,086
$392,502,000 0.12%
Reinsurance Grp Of America I
No change
1,905
$391,040,000 0.12%
Epam Sys Inc
Closed
1,375
$379,720,000
Illinois Tool Wks Inc
No change
1,577
$373,686,000 0.11%
Sanofi
0.01%
7,685
$372,877,000 0.11%
ON Semiconductor Corp.
7.50%
5,414
$371,130,000 0.11%
Bruker Corp
Closed
3,902
$366,554,000
Advanced Micro Devices Inc.
No change
2,244
$364,000,000 0.11%
Spotify Technology S.A.
Opened
1,151
$361,173,000 0.11%
Factset Resh Sys Inc
38.42%
883
$360,503,000 0.11%
Costco Whsl Corp New
No change
420
$356,996,000 0.11%
Uber Technologies Inc
No change
4,880
$354,679,000 0.11%
Intercontinental Exchange In
No change
2,557
$350,028,000 0.11%
Workday Inc
No change
1,541
$344,506,000 0.10%
Diageo plc
Closed
2,277
$338,681,000
Thomson-Reuters Corp
14.22%
1,991
$335,623,000 0.10%
Ulta Beauty Inc
No change
862
$332,620,000 0.10%
Intuit Inc
No change
504
$331,234,000 0.10%
Championx Corporation
25.10%
9,849
$327,086,000 0.10%
Stifel Finl Corp
No change
3,872
$325,829,000 0.10%
Qualys Inc
No change
2,201
$313,863,000 0.10%
DoubleVerify Holdings, Inc.
Closed
8,746
$307,510,000
AdaptHealth Corp.
No change
30,271
$302,710,000 0.09%
Berkshire Hathaway Inc.
No change
744
$302,660,000 0.09%
Pure Storage Inc
Opened
4,708
$302,301,000 0.09%
Weatherford Intl Plc
Opened
2,459
$301,105,000 0.09%
CSX Corp.
No change
8,886
$297,237,000 0.09%
United Parcel Service, Inc.
No change
2,156
$295,049,000 0.09%
Church & Dwight Co., Inc.
No change
2,834
$293,830,000 0.09%
West Pharmaceutical Svsc Inc
No change
883
$290,852,000 0.09%
Caseys Gen Stores Inc
Opened
751
$286,552,000 0.09%
Starbucks Corp.
9.69%
3,646
$283,842,000 0.09%
British Amern Tob Plc
Closed
9,300
$283,650,000
TotalEnergies SE
No change
4,081
$272,122,000 0.08%
Cummins Inc.
No change
980
$271,392,000 0.08%
Pool Corporation
No change
857
$263,382,000 0.08%
Cooper Cos Inc
No change
2,972
$259,456,000 0.08%
Keysight Technologies Inc
No change
1,863
$254,766,000 0.08%
Watts Water Technologies, Inc.
Closed
1,198
$254,635,000
Take-two Interactive Softwar
No change
1,632
$253,760,000 0.08%
NatWest Group plc
0.00%
31,501
$252,954,000 0.08%
CBRE Group Inc
No change
2,825
$251,736,000 0.08%
Penumbra Inc
Opened
1,392
$250,519,000 0.08%
Laboratory Corp Amer Hldgs
Closed
1,145
$250,137,000
Alcon Ag
No change
2,802
$249,603,000 0.08%
Hess Corporation
No change
1,680
$247,834,000 0.08%
Fabrinet
10.80%
1,008
$246,749,000 0.08%
Sherwin-Williams Co.
Closed
704
$244,521,000
Tesla Inc
Opened
1,206
$238,644,000 0.07%
Popular Inc.
No change
2,693
$238,142,000 0.07%
Akamai Technologies Inc
Closed
2,163
$235,248,000
Labcorp Holdings Inc.
Opened
1,145
$233,019,000 0.07%
Bath & Body Works Inc
Closed
4,632
$231,693,000
GATX Corp.
No change
1,730
$228,983,000 0.07%
Avery Dennison Corp.
2.07%
1,041
$227,615,000 0.07%
RTX Corp
No change
2,235
$224,372,000 0.07%
Willscot Mobil Mini Hldng Co
Closed
4,802
$223,293,000
Oneok Inc.
1.05%
2,728
$222,469,000 0.07%
Ensign Group Inc
No change
1,786
$220,911,000 0.07%
Vornado Rlty Tr
Closed
7,600
$218,652,000
Sysco Corp.
Closed
2,689
$218,294,000
Masco Corp.
No change
3,238
$215,878,000 0.07%
Disney Walt Co
Closed
1,757
$214,987,000
Bjs Whsl Club Hldgs Inc
Closed
2,839
$214,771,000
Huntington Ingalls Inds Inc
Closed
732
$213,357,000
Brown & Brown, Inc.
12.07%
2,383
$213,065,000 0.06%
NOV Inc
Closed
10,807
$210,953,000
Webster Finl Corp
Closed
4,146
$210,493,000
Scotts Miracle-Gro Company
Closed
2,799
$208,778,000
Old Natl Bancorp Ind
Opened
12,095
$207,914,000 0.06%
Valvoline Inc
28.93%
4,742
$204,855,000 0.06%
Paycom Software Inc
Closed
1,025
$203,986,000
Teledyne Technologies Inc
No change
518
$200,974,000 0.06%
Banco Bilbao Vizcaya Argenta
No change
16,895
$169,457,000 0.05%
Banco Bradesco S.A.
Closed
57,393
$164,144,000
Cushman Wakefield Plc
Closed
11,256
$117,738,000
Southwestern Energy Company
1.07%
13,131
$88,372,000 0.03%
Ishares Tr
Opened
32
$1,452,000 0.00%
No transactions found
Showing first 500 out of 186 holdings