Thrivent Financial for Lutherans

New 13F: Q3 2026

Thrivent Financial for Lutherans filed its 13F for the quarter ended Sep 30, 2026 on Nov 5, 2026: $18.9B in AI and semiconductor stocks; $1.2B bought and $669.0M sold against its previous quarter, at the quarter's prices.

Thrivent Financial for Lutherans declares $17.9B in 175 of the 230 AI and semiconductor companies tracked on Silicon Floor, as of Jun 30, 2026 (Form 13F): 30.1% of its $59.5B 13F portfolio. Largest positions: Alphabet (0.05% of the company) and NVIDIA (0.04% of the company). Over time: $17.9B in 175 of these companies for Q2 2026, against $6.1B in 123 for Q4 2019 (13F values as filed). From Mar 31, 2026 to Jun 30, 2026, it bought $1.6B and sold $1.7B of these stocks, at the quarter's prices: a net sale of $150.7M; 9 new positions and 1 sold out.

Performance of its AI picks

The AI-stock portfolio Thrivent Financial for Lutherans declared for Q2 2026 (Form 13F), held unchanged, returned +2.6% in Q3 2026 (SMH -7.1%), ranked 1068 of 1,785 active managers. Over the last 12 months, quarter after quarter: +24.5% (SMH +87.2%), ranked 955 of 1,360 active managers. Over three years, quarter after quarter: +138.6% (SMH +325.8%), ranked 487 of 784 active managers. Over five years, quarter after quarter: +150.8% (SMH +389.8%), ranked 308 of 535 active managers. Trades made during a quarter are not visible in 13F filings: this measures its declared picks, not the return of its funds.

Largest positions

  1. Alphabet (GOOGL): $2.0B, 5.7M shares, 0.05% of the company, 3.4% of its portfolio (added this quarter); held since Q4 2019 or earlier
  2. NVIDIA (NVDA): $2.0B, 9.9M shares, 0.04% of the company, 3.3% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
  3. Amazon (AMZN): $1.5B, 6.4M shares, 0.06% of the company, 2.6% of its portfolio (added this quarter); held since Q4 2019 or earlier
  4. Apple (AAPL): $1.4B, 4.8M shares, 0.03% of the company, 2.3% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
  5. Microsoft (MSFT): $1.3B, 3.5M shares, 0.05% of the company, 2.2% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
  6. Broadcom (AVGO): $765.2M, 2.0M shares, 0.04% of the company, 1.3% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
  7. Meta Platforms (META): $751.0M, 1.3M shares, 0.05% of the company, 1.3% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
  8. AMD (AMD): $489.5M, 842,788 shares, 0.05% of the company, 0.82% of its portfolio (added this quarter); held since Q4 2019 or earlier
  9. Lam Research (LRCX): $465.8M, 1.1M shares, 0.09% of the company, 0.78% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
  10. Micron (MU): $414.2M, 358,825 shares, 0.03% of the company, 0.70% of its portfolio (added this quarter); held since Q4 2019 or earlier
  11. Cisco (CSCO): $359.8M, 3.1M shares, 0.08% of the company, 0.60% of its portfolio (added this quarter); held since Q4 2019 or earlier
  12. Caterpillar (CAT): $328.4M, 308,430 shares, 0.07% of the company, 0.55% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
  13. Applied Materials (AMAT): $324.9M, 449,455 shares, 0.06% of the company, 0.55% of its portfolio (added this quarter); held since Q4 2019 or earlier
  14. Arista Networks (ANET): $284.6M, 1.7M shares, 0.13% of the company, 0.48% of its portfolio (added this quarter); held since Q4 2019 or earlier
  15. TSMC (TSM): $274.3M, 574,629 shares, 0.01% of the company, 0.46% of its portfolio (trimmed this quarter); held since Q3 2020

By sector

Biggest changes this quarter

Schedule 13D/G declarations

  • Cohu (COHU): 13G filed Feb 10, 2025: 2.6M shares as of Dec 31, 2024, 5.6% as declared
  • TTM Technologies (TTMI): 13G filed Nov 14, 2024: 5.6M shares as of Sep 30, 2024, 5.5% as declared

Other holders of this size

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