Covington Investment Advisors 13F annual report
Covington Investment Advisors is an investment fund managing more than $623 million ran by Jennifer Buterbaugh. There are currently 59 companies in Mrs. Buterbaugh’s portfolio. The largest investments include Alphabet Inc and Microsoft, together worth $80.3 million.
$623 million Assets Under Management (AUM)
As of 9th August 2024, Covington Investment Advisors’s top holding is 220,125 shares of Alphabet Inc currently worth over $40.4 million and making up 6.5% of the portfolio value.
Relative to the number of outstanding shares of Alphabet Inc, Covington Investment Advisors owns more than approximately 0.1% of the company.
In addition, the fund holds 89,342 shares of Microsoft worth $39.9 million, whose value grew 3.2% in the past six months.
The third-largest holding is Apple Inc worth $28.7 million and the next is Broadcom Inc worth $23.5 million, with 14,643 shares owned.
Currently, Covington Investment Advisors's portfolio is worth at least $623 million. 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 Covington Investment Advisors
The Covington Investment Advisors office and employees reside in Ligonier, Pennsylvania. According to the last 13-F report filed with the SEC, Jennifer Buterbaugh serves as the Office Manager at Covington Investment Advisors.
Recent trades
In the most recent 13F filing, Covington Investment Advisors revealed that it had opened a new position in
Broadcom Inc and bought 14,643 shares worth $23.5 million.
This means they effectively own approximately 0.1% of the company.
Broadcom Inc makes up
12.7%
of the fund's Technology sector allocation and has decreased its share price by 80.1% in the past year.
The investment fund also strengthened its position in NVIDIA Corp by buying
169,931 additional shares.
This makes their stake in NVIDIA Corp total 178,205 shares worth $22 million.
NVIDIA Corp dropped 71.7% in the past year.
On the other hand, there are companies that Covington Investment Advisors is getting rid of from its portfolio.
Covington Investment Advisors closed its position in Becton Dickinson Co on 16th August 2024.
It sold the previously owned 31,686 shares for $7.84 million.
Jennifer Buterbaugh also disclosed a decreased stake in Alphabet Inc by approximately 0.1%.
This leaves the value of the investment at $40.4 million and 220,125 shares.
One of the smallest hedge funds
The two most similar investment funds to Covington Investment Advisors are Rgt Wealth Advisors and Eubel Brady & Suttman Asset Management Inc. They manage $623 million and $622 million respectively.
Jennifer Buterbaugh investment strategy
Covington Investment Advisors’s portfolio is diversified across 11 sectors.
Currently, their heaviest sector is Technology — making up 29.6% of
the total portfolio value.
The fund focuses on investments in the United States as
59.3% 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
56% of the total holdings value.
On the other hand, small-cap stocks make up only 1.7% of the portfolio.
The average market cap of the portfolio companies is close to $284 billion.
The complete list of Covington Investment Advisors trades based on 13F SEC filings
These positions were updated on August 16th 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 |
|---|---|---|---|
| Alphabet Inc |
1.78%
220,125
|
$40,375,000 | 6.48% |
| Microsoft Corporation |
1.47%
89,342
|
$39,932,000 | 6.41% |
| Apple Inc |
4.90%
136,416
|
$28,732,000 | 4.61% |
| Broadcom Inc |
Opened
14,643
|
$23,510,000 | 3.77% |
| NVIDIA Corp |
2,053.80%
178,205
|
$22,015,000 | 3.53% |
| Amazon.com Inc. |
3.17%
99,326
|
$19,195,000 | 3.08% |
| Lilly Eli Co |
2.11%
20,528
|
$18,586,000 | 2.98% |
| Thermo Fisher Scientific Inc. |
4.27%
31,577
|
$17,462,000 | 2.80% |
| Lam Research Corp. |
15.17%
15,111
|
$16,091,000 | 2.58% |
| Watsco Inc. |
3.10%
32,200
|
$14,916,000 | 2.39% |
| Visa Inc |
5.29%
55,969
|
$14,690,000 | 2.36% |
| Fiserv, Inc. |
14.46%
97,911
|
$14,593,000 | 2.34% |
| Pnc Finl Svcs Group Inc |
6.73%
93,077
|
$14,472,000 | 2.32% |
| Arista Networks Inc |
104.82%
41,118
|
$14,411,000 | 2.31% |
| Sp Global Inc |
0.69%
31,316
|
$13,967,000 | 2.24% |
| Accenture Plc Ireland |
10.04%
43,448
|
$13,183,000 | 2.12% |
| Unitedhealth Group Inc |
2.51%
25,602
|
$13,038,000 | 2.09% |
| Conocophillips |
1.76%
107,833
|
$12,334,000 | 1.98% |
| Texas Instrs Inc |
2.79%
61,598
|
$11,983,000 | 1.92% |
| Blackrock Inc. |
2.60%
14,829
|
$11,675,000 | 1.87% |
| Home Depot, Inc. |
4.75%
33,260
|
$11,450,000 | 1.84% |
| Raytheon Technologies Corp |
4.04%
108,259
|
$10,868,000 | 1.74% |
| Air Prods Chems Inc |
17.67%
37,073
|
$9,567,000 | 1.54% |
| Chevron Corp. |
2.65%
59,335
|
$9,281,000 | 1.49% |
| Darden Restaurants, Inc. |
18.47%
57,555
|
$8,709,000 | 1.40% |
| Jpmorgan Chase Co |
11.22%
40,554
|
$8,202,000 | 1.32% |
| Walmart Inc |
5.84%
119,848
|
$8,115,000 | 1.30% |
| Ishares Tr |
2.41%
1,099,493
|
$28,224,000 | 4.53% |
| Johnson Johnson |
2.02%
53,775
|
$7,860,000 | 1.26% |
| Becton Dickinson Co |
Closed
31,686
|
$7,841,000 | |
| Mcdonalds Corp |
2.96%
30,015
|
$7,649,000 | 1.23% |
| Vanguard Scottsdale Fds |
1.87%
92,898
|
$7,425,000 | 1.19% |
| Costco Whsl Corp New |
9.02%
8,694
|
$7,390,000 | 1.19% |
| Ishares Tr |
Opened
356,640
|
$8,827,000 | 1.42% |
| Meta Platforms Inc |
Opened
14,110
|
$7,115,000 | 1.14% |
| Abbott Labs |
1.07%
68,236
|
$7,090,000 | 1.14% |
| Stryker Corp. |
4.04%
20,237
|
$6,886,000 | 1.11% |
| L3Harris Technologies Inc |
2.73%
28,238
|
$6,342,000 | 1.02% |
| Crown Castle Intl Corp New |
Closed
59,277
|
$6,273,000 | |
| Blackstone Inc |
5.11%
49,192
|
$6,090,000 | 0.98% |
| Procter Gamble Co |
3.61%
36,098
|
$5,953,000 | 0.96% |
| Hershey Company |
2.43%
32,341
|
$5,945,000 | 0.95% |
| Honeywell International Inc |
4.14%
27,339
|
$5,838,000 | 0.94% |
| Corteva Inc |
0.26%
107,010
|
$5,772,000 | 0.93% |
| Verizon Communications Inc |
Closed
137,391
|
$5,765,000 | |
| Prologis Inc |
4.15%
45,208
|
$5,077,000 | 0.81% |
| Duke Energy Corp. |
4.54%
49,402
|
$4,952,000 | 0.79% |
| Starbucks Corp. |
3.15%
63,204
|
$4,920,000 | 0.79% |
| Caterpillar Inc. |
Opened
14,335
|
$4,775,000 | 0.77% |
| Coca-Cola Co |
6.22%
73,229
|
$4,661,000 | 0.75% |
| Norfolk Southn Corp |
5.16%
21,430
|
$4,601,000 | 0.74% |
| Vanguard Whitehall Fds Inc |
4.60%
36,753
|
$4,359,000 | 0.70% |
| Pepsico Inc |
1.72%
25,357
|
$4,182,000 | 0.67% |
| NextEra Energy Inc |
5.93%
57,925
|
$4,102,000 | 0.66% |
| Illinois Tool Wks Inc |
Closed
12,387
|
$3,324,000 | |
| Vanguard Index Fds |
1.40%
22,985
|
$7,068,000 | 1.13% |
| Constellation Energy Corp |
No change
10,932
|
$2,189,000 | 0.35% |
| Exelon Corp. |
0.42%
53,474
|
$1,851,000 | 0.30% |
| Wabtec Corp |
2.99%
9,550
|
$1,509,000 | 0.24% |
| Parker-Hannifin Corp. |
1.25%
2,055
|
$1,039,000 | 0.17% |
| F.N.B. Corp. |
Opened
66,862
|
$915,000 | 0.15% |
| Fifth Third Bancorp |
Opened
16,142
|
$589,000 | 0.09% |
| General Dynamics Corp. |
27.59%
1,871
|
$543,000 | 0.09% |
| No transactions found | |||
| Showing first 500 out of 63 holdings | |||
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