Covington Capital Management
Filing Date
Global Rank
#929
/ 6,827
▼ 2
· as of Sep 2022
Top Industry
Software - Infrastructure
6.5%
Period ended 4 years ago
Filed Nov 15, 2022 · 3y
11 quarters · since Mar 2020
Regulatory profile
From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.
Holder type
Unknown
Portfolio style
Measured from the filed 13F common-share book for Sep 30, 2022, never from the firm's own description.
Style
Diversified active
Top 10 weight 28.0%, 73.8 effective positions, active share 47.0% against the S&P 500 as of 2022-09-30; it meets none of the index-like, systematic-like or concentrated tests
Turnover
Low turnover
10.7% over the last four quarters (under 30%)
Horizon
Horizon unknown
The value-weighted holding period is at least 10.7 quarters, but 93.9% of the book was already held when coverage starts
Closest benchmark: the S&P 500 as of 2022-09-30, active share 47.0%; sector active share 13.3% against the combined 13F book's sector weights.
Over time 11 measured quarters
How the bands are measured
Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.
Clone Performance
Build a hypothetical price-return history from this filer's public 13F holdings.
View clone backtestPortfolio Concentration
1,177 tracked positions · as of Sep 30, 2022 · Δ vs Jun 30, 2022Top Position
4.7%
−0.1 pts
Top 5
18.5%
−0.1 pts
Top 10
28.0%
+0.1 pts
HHI
135
Diversified+0
Portfolio Trend
11 quarters · across all stocks
Sector Breakdown
As of Sep 30, 2022| Sector | % Portfolio | Value |
|---|---|---|
| Technology | 20.1% | $460,420,624 |
| Unclassified | 17.5% | $402,089,770 |
| Healthcare | 12.5% | $287,449,092 |
| Financial Services | 10.5% | $241,850,156 |
| Consumer Cyclical | 8.4% | $193,346,539 |
| Consumer Defensive | 7.0% | $161,466,162 |
| Industrials | 6.7% | $154,007,819 |
| Utilities | 6.2% | $141,845,129 |
| Communication Services | 4.6% | $106,019,063 |
| Energy | 4.4% | $99,872,096 |
| Basic Materials | 1.1% | $25,918,174 |
| Real Estate | 0.9% | $20,605,767 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| GOOGL | Alphabet Inc. | +300,463 | 316,306 | $30,254,668 | |
| GOOG | Alphabet Inc. | +257,630 | 271,235 | $26,079,245 | |
| PANW | Palo Alto Networks Inc | +37,760 | 56,147 | $9,196,317 | |
| TSLA | Tesla, Inc. | +18,998 | 28,244 | $7,491,721 | |
| MCY | Mercury General Corp | +18,248 | 51,296 | $1,457,832 | |
| BSEP | +15,145 | 39,100 | $1,118,651 | ||
| 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 | |
| PREF | Principal Spectrum Preferred Securities Active ETF | +9,550 | 604,728 | $10,147,335 | |
| XLK | State Street(R) Technology Select Sector SPDR(R) ETF | +9,462 | 9,674 | $1,149,077 | |
| TFC | Truist Financial Corp | +9,383 | 183,962 | $8,009,705 | |
| — | +8,733 | 46,166 | $9,996,000 | ||
| SNAP | Snap Inc | +8,410 | 19,615 | $192,619 | |
| TMUS | T-Mobile US, Inc. | +7,059 | 7,159 | $960,523 | |
| BSV | VANGUARD SHORT-TERM BOND INDEX FUND | +6,805 | 96,913 | $7,251,030 | |
| FISV | Fiserv Inc | +6,360 | 92,586 | $8,663,272 | |
| IEFA | iShares Core MSCI EAFE ETF | +5,886 | 15,906 | $837,769 | |
| PFE | Pfizer Inc | +5,784 | 239,102 | $10,463,103 | |
| TSCO | Tractor Supply Co | +5,339 | 82,222 | $15,283,425 | |
| EOG | Eog Resources Inc | +5,008 | 34,247 | $3,826,417 | |
| ABBNY | 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 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| IAU | Ishares Gold Trust | −118,867 | 511,382 | $16,123,874 | |
| SRLN | State Street(R) Blackstone Senior Loan ETF | −111,865 | 3,084 | $126,042 | |
| JPST | JPMorgan Ultra-Short Income ETF | −58,200 | 85,240 | $4,275,638 | |
| ICSH | iShares Ultra Short Duration Bond Active ETF | −54,300 | 22,850 | $1,142,728 | |
| JMST | JPMorgan Ultra-Short Municipal Income ETF | −34,796 | 414,221 | $20,835,316 | |
| NEAR | iShares Short Duration Bond Active ETF | −30,850 | 22,139 | $1,090,567 | |
| 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 | |
| PSEP | −14,735 | 7,610 | $211,634 | ||
| CMCSA | Comcast Corp | −14,460 | 188,072 | $5,516,154 | |
| INTC | Intel Corp | −11,196 | 438,315 | $11,295,377 | |
| VEA | Vanguard FTSE Developed Markets ETF | −10,657 | 684,072 | $24,872,857 | |
| MINT | PIMCO Enhanced Short Maturity Active Exchange-Traded Fund | −10,123 | 6,579 | $650,399 | |
| VWO | VANGUARD EMERGING MARKETS STOCK INDEX FUND | −7,960 | 730,100 | $26,641,349 | |
| 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 | |
| BMAR | −6,410 | 26,735 | $806,434 | ||
| 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 | |
| — | −5,379 | 10,047 | $115,540 | ||
| EFA | iShares MSCI EAFE ETF | −5,333 | 101,391 | $5,678,909 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| J | Jacobs Solutions Inc. | 37,943 | $4,116,433 | |
| BCML | BayCom Corp | 102,500 | $1,801,950 | |
| FJUL | FT Vest U.S. Equity Buffer ETF - July | 8,110 | $263,088 | |
| DAR | Darling Ingredients Inc. | 1,664 | $110,073 | |
| MUSA | Murphy USA Inc. | 260 | $71,476 | |
| 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 | |
| PJUN | 1,000 | $28,370 | ||
| CMS | Cms Energy Corp | 462 | $26,906 | |
| PMAY | 1,000 | $26,800 | ||
| 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 | |
| — | 262 | $18,000 | ||
| BWVTF | 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 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| JEC | Jacobs Solutions Inc. | 38,026 | $4,834,000 | |
| EMB | iShares J.P. Morgan USD Emerging Markets Bond ETF | 900 | $76,788 | |
| EWW | iShares MSCI Mexico ETF | 1,400 | $65,226 | |
| UJAN | 2,000 | $58,240 | ||
| XLRE | State Street(R) Real Estate Select Sector SPDR(R) ETF | 1,135 | $46,376 | |
| IP | International Paper Co | 1,000 | $41,830 | |
| SPMB | State Street(R) SPDR(R) Portfolio Mortgage Backed Bond ETF | 1,570 | $35,874 | |
| TW | Tradeweb Markets Inc. | 500 | $34,125 | |
| — | 1,000 | $21,480 | ||
| GPK | Graphic Packaging Holding Co | 637 | $13,058 | |
| FDIS | Fidelity MSCI Consumer Discretionary Index ETF | 200 | $11,778 | |
| SPEU | State Street(R) SPDR(R) Portfolio Europe ETF | 344 | $11,303 | |
| FCOM | Fidelity MSCI Communication Services Index ETF | 300 | $10,680 | |
| DV | DoubleVerify Holdings, Inc. | 299 | $6,778 | |
| COR | Cencora, Inc. | 40 | $5,659 | |
| VAC | MARRIOTT VACATIONS WORLDWIDE Corp | 47 | $5,461 | |
| — | 50 | $5,000 | ||
| SCHF | Schwab International Equity ETF | 100 | $3,145 | |
| SLVM | Sylvamo Corp | 90 | $2,941 | |
| BLDR | Builders FirstSource, Inc. | 54 | $2,899 | |
| CGNX | Cognex Corp | 65 | $2,763 | |
| EWZ | iShares MSCI Brazil ETF | 100 | $2,739 | |
| ICF | iShares Select U.S. REIT ETF | 43 | $2,613 | |
| FDVV | Fidelity High Dividend ETF | 67 | $2,407 | |
| TRI | Thomson Reuters Corp | 20 | $2,086 | |
| No positions match the current search. | ||||
1,177 tracked positions ·
$2,294,890,391 total
· filing declares
1,223 positions · $23,172,260,000
· 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 1,177 positions by value
· page 1 of 24
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| MSFT |
Microsoft Corp
Technology
|
Added | 458,329 | $106,744,824 | 4.65% | |
| AAPL |
Apple Inc.
Technology
|
Reduced | 673,739 | $93,110,729 | 4.06% | |
| HTO |
H2o America
Utilities
|
Held | 1,590,799 | $91,630,022 | 3.99% | |
| UNH |
Unitedhealth Group Inc
Healthcare
|
Reduced | 98,635 | $49,814,620 | 2.17% | |
| COST |
Costco Wholesale Corp
Consumer Defensive
|
Reduced | 99,826 | $47,144,825 | 2.05% | |
| AMZN |
Amazon Com Inc
Consumer Cyclical
|
Reduced | 406,880 | $45,977,440 | 2.00% | |
| CVX |
Chevron Corp
Energy
|
Reduced | 282,343 | $40,564,218 | 1.77% | |
| ACN |
Accenture plc
Technology
|
Added | 131,051 | $33,719,422 | 1.47% | |
| GOOGL |
Alphabet Inc.
Communication Services
|
Added | 320,306 | $30,637,668 | 1.34% | |
| SPY |
Spdr S&P 500 ETF Trust
|
Reduced | 84,928 | $30,334,583 | 1.32% | |
| HD |
Home Depot, Inc.
Consumer Cyclical
|
Added | 109,504 | $30,216,533 | 1.32% | |
| IJR |
iShares Core S&P Small-Cap ETF
|
Reduced | 330,512 | $28,817,341 | 1.26% | |
| NEE |
Nextera Energy Inc
Utilities
|
Reduced | 364,959 | $28,616,435 | 1.25% | |
| BRK-B |
Berkshire Hathaway Inc
Financial Services
|
Reduced | 106,779 | $28,512,128 | 1.24% | |
| JNJ |
Johnson & Johnson
Healthcare
|
Reduced | 169,513 | $27,691,643 | 1.21% | |
| SYK |
Stryker Corp
Healthcare
|
Added | 134,759 | $27,294,087 | 1.19% | |
| VWO |
VANGUARD EMERGING MARKETS STOCK INDEX FUND
|
Reduced | 730,100 | $26,641,349 | 1.16% | |
| GOOG |
Alphabet Inc.
Communication Services
|
Added | 271,235 | $26,079,245 | 1.14% | |
| TMO |
Thermo Fisher Scientific Inc.
Healthcare
|
Reduced | 50,851 | $25,791,118 | 1.12% | |
| AVGO |
Broadcom Inc.
Technology
|
Added | 57,896 | $25,706,402 | 1.12% | |
| JPM |
Jpmorgan Chase & Co
Financial Services
|
Added | 242,723 | $25,364,553 | 1.11% | |
| VEA |
Vanguard FTSE Developed Markets ETF
|
Reduced | 684,072 | $24,872,857 | 1.08% | |
| MRK |
Merck & Co., Inc.
Healthcare
|
Added | 288,024 | $24,804,626 | 1.08% | |
| ABT |
Abbott Laboratories
Healthcare
|
Added | 255,162 | $24,689,475 | 1.08% | |
| V |
Visa Inc.
Financial Services
|
Added | 138,264 | $24,562,599 | 1.07% | |
| XOM |
ExxonMobil Holdings Corp
Energy
|
Added | 273,970 | $23,920,320 | 1.04% | |
| PEP |
Pepsico Inc
Consumer Defensive
|
Added | 141,802 | $23,150,594 | 1.01% | |
| CSCO |
Cisco Systems, Inc.
Technology
|
Added | 556,956 | $22,278,240 | 0.97% | |
| SCHW |
Schwab Charles Corp
Financial Services
|
Added | 299,065 | $21,493,801 | 0.94% | |
| JMST |
JPMorgan Ultra-Short Municipal Income ETF
|
Reduced | 414,221 | $20,835,316 | 0.91% | |
| UNP |
Union Pacific Corp
Industrials
|
Reduced | 103,203 | $20,106,008 | 0.88% | |
| TJX |
Tjx Companies Inc
Consumer Cyclical
|
Reduced | 303,460 | $18,850,935 | 0.82% | |
| TSM |
Taiwan Semiconductor Manufacturing Co Ltd
Technology
|
Reduced | 269,469 | $18,474,794 | 0.81% | |
| INTU |
Intuit Inc.
Technology
|
Reduced | 45,196 | $17,505,314 | 0.76% | |
| WM |
Waste Management Inc
Industrials
|
Reduced | 104,955 | $16,814,840 | 0.73% | |
| IAU |
Ishares Gold Trust
|
Reduced | 511,382 | $16,123,874 | 0.70% | |
| VIG |
Vanguard Specialized Funds
|
Added | 118,933 | $16,074,984 | 0.70% | |
| TSCO |
Tractor Supply Co
Consumer Cyclical
|
Added | 82,222 | $15,283,425 | 0.67% | |
| RTX |
RTX Corp
Industrials
|
Added | 180,462 | $14,772,619 | 0.64% | |
| MDY |
Spdr S&P Midcap 400 ETF Trust
|
Added | 36,036 | $14,474,219 | 0.63% | |
| NKE |
NIKE, Inc.
Consumer Cyclical
|
Reduced | 172,964 | $14,376,767 | 0.63% | |
| STZ |
Constellation Brands, Inc.
Consumer Defensive
|
Reduced | 62,154 | $14,275,530 | 0.62% | |
| GLD |
Spdr Gold Trust
|
Reduced | 88,984 | $13,763,155 | 0.60% | |
| ROP |
Roper Technologies Inc
Technology
|
Added | 37,495 | $13,484,701 | 0.59% | |
| META |
Meta Platforms, Inc.
Communication Services
|
Reduced | 95,694 | $12,983,761 | 0.57% | |
| PG |
PROCTER & GAMBLE Co
Consumer Defensive
|
Reduced | 101,974 | $12,874,217 | 0.56% | |
| BX |
Blackstone Inc.
Financial Services
|
Added | 153,357 | $12,835,980 | 0.56% | |
| ADI |
Analog Devices Inc
Technology
|
Added | 91,421 | $12,738,602 | 0.56% | |
| QCOM |
Qualcomm Inc
Technology
|
Reduced | 112,225 | $12,679,180 | 0.55% | |
| PGX |
Invesco Ltd.
Financial Services
|
Added | 1,061,804 | $12,614,231 | 0.55% |
Showing the top 50 of 1,177 positions. Create a free account to see every position, past quarters, search, filters and CSV export.
Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.