Covington Capital Management

CIK

1323119

Location

LOS ANGELES, CA

Portfolio Value

Mid $1,859,117,135

Diversification

Diversified

Filing Date

Global Rank

#840 / 6,691 ▼ 20 · as of Sep 2022

Top Industry

Software - Infrastructure 6.7%

3Y Alpha vs SPY

-6.8%

Period ended 3 years ago

Filed Nov 15, 2022 · 3y

11 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+49.3%

SPY

+76.5%

Annualised alpha

-6.6%

Max drawdown

−14.7%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

796 positions · as of Sep 30, 2022 · Δ vs Jun 30, 2022

Top Position

5.7%

−0.3 pts

Top 5

20.9%

−0.4 pts

Top 10

30.6%

−0.2 pts

HHI

167

Diversified−3

Portfolio Trend

11 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2022

Sector	% Portfolio	Value	Positions
Technology	22.6%	$420,612,225	118
Healthcare	15.3%	$283,809,326	89
Financial Services	12.3%	$228,622,042	149
Consumer Cyclical	9.3%	$173,744,974	89
Consumer Defensive	8.3%	$154,165,700	43
Industrials	7.9%	$146,848,878	104
Utilities	7.5%	$139,432,731	23
Energy	5.4%	$99,624,466	34
Unclassified	4.6%	$86,232,603	15
Communication Services	4.3%	$79,296,745	38
Basic Materials	1.4%	$26,141,357	34
Real Estate	1.1%	$20,586,088	60

Last Quarter's Activity

Export CSV

Sep 30, 2022 vs Jun 30, 2022

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
GOOGL	Alphabet Inc.	+304,263	320,306	$30,637,268
PANW	Palo Alto Networks Inc	+37,760	56,147	$4,598,158
TSLA	Tesla, Inc.	+18,998	28,244	$7,491,721
MCY	Mercury General Corp	+18,248	51,296	$1,457,832
GNRC	Generac Holdings Inc.	+11,939	25,323	$4,511,039
ORCL	Oracle Corp	+10,717	64,681	$3,950,068
VZ	Verizon Communications Inc	+10,598	331,728	$12,595,712
FOXA	Fox Corp	+10,456	11,585	$355,427
TFC	Truist Financial Corp	+9,383	183,962	$8,009,705
SNAP	Snap Inc	+8,410	19,615	$192,619
TMUS	T-Mobile US, Inc.	+7,059	7,159	$960,523
FISV	Fiserv Inc	+6,360	92,586	$8,663,272
PFE	Pfizer Inc	+5,784	239,102	$10,463,103
TSCO	Tractor Supply Co /De/	+5,339	82,222	$3,056,685
EOG	Eog Resources Inc	+5,008	34,247	$3,826,417
ABLZF	Abb Ltd	+4,938	204,701	$5,168,700
IBM	International Business Machines Corp	+4,759	25,400	$3,017,774
MSFT	Microsoft Corp	+4,754	458,329	$106,744,824
RTX	RTX Corp	+4,655	180,462	$14,772,619
EW	Edwards Lifesciences Corp	+3,745	147,307	$12,171,977
AVB	Avalonbay Communities Inc	+3,729	35,196	$6,482,751
DIS	Walt Disney Co	+3,646	119,907	$11,310,827
TROW	Price T Rowe Group Inc	+3,488	68,274	$7,169,452
MCD	Mcdonalds Corp	+3,027	46,733	$10,783,172
SNOW	Snowflake Inc.	+2,819	3,406	$578,883
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
IAU	Ishares Gold Trust	−118,867	511,382	$16,123,874
SBUX	Starbucks Corp	−27,358	104,788	$8,829,436
VFC	V F Corp	−19,823	56,509	$1,690,184
UBER	Uber Technologies, Inc	−16,283	97,786	$2,591,329
KMI	Kinder Morgan, Inc.	−15,689	586,540	$9,760,025
CMCSA	Comcast Corp	−14,460	188,072	$5,169,779
INTC	Intel Corp	−11,196	438,315	$11,295,377
AMZN	Amazon Com Inc	−7,390	406,880	$45,977,440
BMY	Bristol Myers Squibb Co	−7,336	70,742	$5,029,048
AAPL	Apple Inc.	−6,669	673,739	$93,110,729
GRMN	Garmin Ltd	−6,226	47,451	$3,810,789
ICE	Intercontinental Exchange, Inc.	−5,850	89,479	$8,084,427
T	At&T Inc.	−5,713	62,003	$951,126
WBD	Warner Bros. Discovery, Inc.	−5,379	10,047	$115,540
NEE	Nextera Energy Inc	−5,001	364,959	$28,616,435
NKE	NIKE, Inc.	−3,235	172,964	$14,376,767
MNST	Monster Beverage Corp	−3,123	35,332	$1,536,235
EMR	Emerson Electric Co	−2,755	100,179	$7,335,106
KHC	Kraft Heinz Co	−2,219	116,488	$3,884,874
GPC	Genuine Parts Co	−2,084	73,006	$10,901,255
UNH	Unitedhealth Group Inc	−1,965	98,635	$49,814,620
WDS	Woodside Energy Group Ltd	−1,923	4,924	$99,267
MMM	3M Co	−1,902	50,878	$4,700,684
WM	Waste Management Inc	−1,897	104,955	$16,814,840
C	Citigroup Inc	−1,846	59,291	$2,470,655
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
J	Jacobs Solutions Inc.	37,943	$3,404,909
BCML	BayCom Corp	102,500	$1,801,950
DAR	Darling Ingredients Inc.	1,664	$110,073
MUSA	Murphy USA Inc.	260	$71,476
GSK	GSK plc	2,220	$65,334
KMX	Carmax Inc	588	$38,819
NRGV	Energy Vault Holdings, Inc.	6,657	$35,148
TYG	Tortoise Energy Infrastructure Corp	1,100	$32,945
WTW	Willis Towers Watson PLC	143	$28,733
CMS	Cms Energy Corp	462	$26,906
MIDD	MIDDLEBY Corp	196	$25,121
TREX	Trex Co Inc	542	$23,815
SHW	Sherwin Williams Co	111	$22,727
WU	Western Union CO	1,464	$19,764
NTR	Nutrien Ltd.	220	$18,343
ATMP	Barclays Bank PLC	884	$15,266
COHR	Coherent Corp.	400	$13,940
AR	ANTERO RESOURCES Corp	425	$12,975
RELX	Relx PLC	521	$12,665
AX	Axos Financial, Inc.	300	$10,269
GLNG	Golar Lng Ltd	400	$9,968
MITK	Mitek Systems Inc	1,000	$9,160
SU	Suncor Energy Inc	320	$9,008
SYF	Synchrony Financial	311	$8,767
AJG	Arthur J. Gallagher & Co.	42	$7,191
No positions match the current search.

Sold Out

Positions the filer fully exited

15 positions

Ticker	Company	Shares	Value
IP	International Paper Co /New/	1,000	$41,830
TW	Tradeweb Markets Inc.	500	$34,125
GPK	Graphic Packaging Holding Co	637	$13,058
DV	DoubleVerify Holdings, Inc.	299	$6,778
COR	Cencora, Inc.	40	$5,659
VAC	MARRIOTT VACATIONS WORLDWIDE Corp	47	$5,461
SLVM	Sylvamo Corp	90	$2,941
BLDR	Builders FirstSource, Inc.	54	$2,899
CGNX	Cognex Corp	65	$2,763
FNV	FRANCO NEVADA Corp	15	$1,973
NOV	NOV Inc.	89	$1,504
HASI	HA Sustainable Infrastructure Capital, Inc.	25	$946
RUN	Sunrun Inc.	17	$397
NTRA	Natera, Inc.	7	$248
DNOW	DNOW Inc.	22	$215
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

796 positions · $1,859,117,135 total · as of Sep 30, 2022

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 796 positions by value · page 1 of 16

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
MSFT	Microsoft Corp Technology	Added	458,329	+4,754	$106,744,824	−8.4%	5.74%
AAPL	Apple Inc. Technology	Reduced	673,739	-6,669	$93,110,729	+0.1%	5.01%
HTO	H2o America Utilities	Held	1,590,799	0	$91,630,022	−7.7%	4.93%
UNH	Unitedhealth Group Inc Healthcare	Reduced	98,635	-1,965	$49,814,620	−3.6%	2.68%
COST	Costco Wholesale Corp /New Consumer Defensive	Reduced	99,826	-902	$47,144,825	−2.3%	2.54%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	406,880	-7,390	$45,977,440	+4.5%	2.47%
CVX	Chevron Corp Energy	Reduced	282,343	-1,214	$40,564,218	−1.2%	2.18%
ACN	Accenture plc Technology	Added	131,051	+1,397	$33,719,422	−6.3%	1.81%
GOOGL	Alphabet Inc. Communication Services	Added	320,306	+304,263	$30,637,268	+1652.6%	1.65%
SPY	Spdr S&P 500 ETF Trust	Reduced	84,928	-413	$30,334,583	−5.8%	1.63%
HD	Home Depot, Inc. Consumer Cyclical	Added	109,504	+1,771	$30,216,533	+2.3%	1.63%
NEE	Nextera Energy Inc Utilities	Reduced	364,959	-5,001	$28,616,435	−0.1%	1.54%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	106,779	-648	$28,512,128	−2.8%	1.53%
JNJ	Johnson & Johnson Healthcare	Reduced	169,513	-1,126	$27,691,643	−8.6%	1.49%
SYK	Stryker Corp Healthcare	Added	134,759	+613	$27,294,087	+2.3%	1.47%
TMO	Thermo Fisher Scientific Inc. Healthcare	Reduced	50,851	-487	$25,791,118	−7.5%	1.39%
JPM	Jpmorgan Chase & Co Financial Services	Added	242,723	+2,253	$25,364,553	−6.3%	1.36%
MRK	Merck & Co., Inc. Healthcare	Added	288,024	+2,269	$24,804,626	−4.8%	1.33%
ABT	Abbott Laboratories Healthcare	Added	255,162	+716	$24,689,475	−10.7%	1.33%
V	Visa Inc. Financial Services	Added	138,264	+2,160	$24,562,599	−8.3%	1.32%
XOM	Exxon Mobil Corp Energy	Added	273,970	+672	$23,920,320	+2.2%	1.29%
PEP	Pepsico Inc Consumer Defensive	Added	141,802	+590	$23,150,594	−1.6%	1.25%
CSCO	Cisco Systems, Inc. Technology	Added	556,956	+541	$22,278,240	−6.1%	1.20%
SCHW	Schwab Charles Corp Financial Services	Added	299,065	+595	$21,493,801	+14.0%	1.16%
UNP	Union Pacific Corp Industrials	Reduced	103,203	-1,240	$20,106,008	−9.7%	1.08%
TJX	Tjx Companies Inc /De/ Consumer Cyclical	Reduced	303,460	-529	$18,850,935	+11.0%	1.01%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	269,469	-455	$18,474,794	−16.3%	0.99%
INTU	Intuit Inc. Technology	Reduced	45,196	-575	$17,505,314	−0.8%	0.94%
WM	Waste Management Inc Industrials	Reduced	104,955	-1,897	$16,814,840	+2.9%	0.90%
IAU	Ishares Gold Trust	Reduced	511,382	-118,867	$16,123,874	−25.4%	0.87%
RTX	RTX Corp Industrials	Added	180,462	+4,655	$14,772,619	−12.6%	0.79%
MDY	Spdr S&P Midcap 400 ETF Trust	Added	36,036	+939	$14,474,219	−0.3%	0.78%
NKE	NIKE, Inc. Consumer Cyclical	Reduced	172,964	-3,235	$14,376,767	−20.2%	0.77%
STZ	Constellation Brands, Inc. Consumer Defensive	Reduced	62,154	-468	$14,275,530	−2.2%	0.77%
GLD	Spdr Gold Trust	Reduced	88,984	-1	$13,763,155	−8.2%	0.74%
ROP	Roper Technologies Inc Technology	Added	37,495	+1,816	$13,484,701	−4.2%	0.73%
META	Meta Platforms, Inc. Communication Services	Reduced	95,694	-800	$12,983,761	−16.6%	0.70%
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	101,974	-875	$12,874,217	−12.9%	0.69%
BX	Blackstone Inc. Financial Services	Added	153,357	+429	$12,835,980	−8.0%	0.69%
ADI	Analog Devices Inc Technology	Added	91,421	+1,213	$12,738,602	−3.3%	0.69%
QCOM	Qualcomm Inc/De Technology	Reduced	112,225	-978	$12,679,180	−12.3%	0.68%
VZ	Verizon Communications Inc Communication Services	Added	331,728	+10,598	$12,595,712	−22.7%	0.68%
AMGN	Amgen Inc Healthcare	Added	54,600	+232	$12,306,840	−7.0%	0.66%
EW	Edwards Lifesciences Corp Healthcare	Added	147,307	+3,745	$12,171,977	−10.8%	0.65%
BAC	Bank Of America Corp /De/ Financial Services	Added	397,322	+330	$11,999,124	−2.9%	0.65%
KO	Coca Cola Co Consumer Defensive	Reduced	207,149	-72	$11,604,486	−11.0%	0.62%
LOW	Lowes Companies Inc Consumer Cyclical	Reduced	60,541	-461	$11,370,205	+6.7%	0.61%
DIS	Walt Disney Co Communication Services	Added	119,907	+3,646	$11,310,827	+3.1%	0.61%
INTC	Intel Corp Technology	Reduced	438,315	-11,196	$11,295,377	−32.8%	0.61%
PYPL	PayPal Holdings, Inc. Financial Services	Reduced	129,800	-1,385	$11,171,886	+21.9%	0.60%