Covington Investment Advisors Inc.
Covington Investment Advisors, Inc. is a registered investment advisor (RIA) headquartered in Ligonier, Pennsylvania. The firm provides investment management services primarily to retail investors, employing a separate account structure rather than pooled investment vehicles. Founded in or before 2001, it operates with a small team and focuses on personalized wealth management solutions. Covington regularly monitors client accounts and offers quarterly performance reporting, serving individual investors seeking tailored investment strategies.
Investment Strategy
Covington Investment Advisors offers discretionary investment advisory services, focusing on the selection of stocks, mutual funds, exchange-traded funds (ETFs), and bonds. Each client's assets are managed in a separately managed account held at an independent custodian (Charles Schwab). The firm regularly monitors investments and provides performance reporting at least quarterly. Their approach involves the construction and management of customized portfolios to align with each client's objectives, emphasizing diversification and ongoing oversight.
Top Holdings
Equity Positions (68)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
M MSFT | MICROSOFT CORP | 6.68% | $46.8M | 94,055 | $116.18 | $497.41 | +$11.6M |
G GOOG | ALPHABET INC | 5.75% | $40.2M | 226,722 | $80.51 | $177.39 | +$3.7M |
A AVGO | BROADCOM INC | 5.53% | $38.7M | 140,419 | $96.95 | $275.65 | +$14.4M |
N NVDA | NVIDIA CORPORATION | 4.42% | $31.0M | 195,933 | $110.27 | $157.99 | +$9.9M |
A AAPL | APPLE INC | 3.95% | $27.6M | 134,610 | $44.40 | $205.17 | -$2.6M |