Covington Investment Advisors Inc. Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VBK	VANGUARD INDEX FDS	11,622 (+11.1%)	$4 (+158.1%)	0.5%	$75.53	—	SML CP GRW ETF	922908595
IBMR	ISHARES TR	285,410 (+19.4%)	$7 (+19.1%)	1.1%	$0.03	—	IBONDS DEC 2029	46436E163
SNPS	SYNOPSYS INC	17,914 (+7.8%)	$7 (-9.0%)	1.0%	$466.33	+1.1%	COM	871607107
VYM	VANGUARD WHITEHALL FDS INC	58,249 (+4.4%)	$9 (+7.7%)	1.3%	$39.07	—	HIGH DIV YLD	921946406
KO	COCA COLA CO	71,576 (+1.8%)	$5 (+10.7%)	0.8%	$39.44	+89.6%	COM	191216100
VOO	VANGUARD INDEX FDS	23,890 (+8.4%)	$14 (+3.3%)	2.1%	$10.47	—	S&P 500 ETF SHS	922908363
IBMQ	ISHARES TR	386,630 (+4.1%)	$10 (+3.9%)	1.5%	$0.03	—	IBONDS DEC 28	46435U325
VUG	VANGUARD INDEX FDS	9,497 (+5.8%)	$4 (-5.3%)	0.6%	$138.13	—	GROWTH ETF	922908736
VO	VANGUARD INDEX FDS	12,938 (+7.3%)	$4 (+6.2%)	0.5%	$84.60	—	MID CAP ETF	922908629
IBDU	ISHARES TR	85,061 (+12.6%)	$2 (+11.9%)	0.3%	$0.02	—	IBONDS DEC 29	46436E205
VCIT	VANGUARD SCOTTSDALE FDS	100,301 (+2.1%)	$8 (+0.9%)	1.2%	$14.07	—	INT-TERM CORP	92206C870
IBDT	ISHARES TR	102,982 (+2.8%)	$3 (+2.3%)	0.4%	$0.03	—	IBDS DEC28 ETF	46435U515
IBDS	ISHARES TR	105,135 (+2.3%)	$3 (+2.1%)	0.4%	$0.02	—	IBONDS 27 ETF	46435UAA9
IBDR	ISHARES TR	103,348 (+2.1%)	$3 (+2.0%)	0.4%	$0.02	—	IBONDS DEC2026	46435GAA0

Decreased Positions (47)

MSFT MICROSOFT CORP 4.5%

Value ($000) $30 (-26.7%) Shares 82,298 (-4.2%) Est. Cost $104.57 Unrealized +315.6%

GOOG ALPHABET INC 7.5%

Value ($000) $51 (-17.1%) Shares 178,833 (-9.3%) Est. Cost $114.31 Unrealized +183.2%

AVGO BROADCOM INC 5.2%

Value ($000) $35 (-17.3%) Shares 113,500 (-7.5%) Est. Cost $151.32 Unrealized +120.8%

— LAM RESEARCH CORP 4.4%

Value ($000) $30 (+15.8%) Shares 141,539 (-7.3%) Est. Cost $35.65 Unrealized —

AAPL APPLE INC 4.1%

Value ($000) $28 (-12.4%) Shares 109,591 (-6.2%) Est. Cost $91.87 Unrealized +186.1%

NVDA NVIDIA CORPORATION 4.1%

Value ($000) $28 (-11.7%) Shares 159,699 (-5.6%) Est. Cost $102.84 Unrealized +81.5%

LLY LILLY ELI & CO 2.5%

Value ($000) $17 (-17.6%) Shares 18,653 (-3.7%) Est. Cost $122.57 Unrealized +754.3%

TMO THERMO FISHER SCIENTIFIC INC 2.1%

Value ($000) $14 (-19.5%) Shares 28,728 (-5.1%) Est. Cost $324.32 Unrealized +77.2%

SPGI S&P GLOBAL INC 1.9%

Value ($000) $13 (-19.7%) Shares 31,072 (-1.3%) Est. Cost $296.79 Unrealized +63.5%

V VISA INC 2.3%

Value ($000) $16 (-16.0%) Shares 52,552 (-2.5%) Est. Cost $185.60 Unrealized +77.4%

COP CONOCOPHILLIPS 1.8%

Value ($000) $12 (+32.1%) Shares 94,113 (-6.3%) Est. Cost $56.70 Unrealized +81.0%

— ARISTA NETWORKS INC 2.5%

Value ($000) $17 (-13.2%) Shares 137,554 (-7.3%) Est. Cost $0.16 Unrealized —

A AGILENT TECHNOLOGIES INC 1.3%

Value ($000) $9 (-20.2%) Shares 78,735 (-4.7%) Est. Cost $133.44 Unrealized +1.0%

— BLACKROCK INC 1.9%

Value ($000) $13 (-14.4%) Shares 13,105 (-4.7%) Est. Cost $295.41 Unrealized —

META META PLATFORMS INC 1.8%

Value ($000) $12 (-14.4%) Shares 20,851 (-1.3%) Est. Cost $527.37 Unrealized +24.3%

BX BLACKSTONE INC 0.7%

Value ($000) $5 (-27.9%) Shares 41,071 (-3.4%) Est. Cost $103.01 Unrealized +36.8%

ABT ABBOTT LABS 0.9%

Value ($000) $6 (-21.7%) Shares 60,910 (-4.4%) Est. Cost $59.75 Unrealized +93.2%

JPM JPMORGAN CHASE & CO 1.2%

Value ($000) $8 (-14.1%) Shares 28,148 (-5.9%) Est. Cost $128.11 Unrealized +143.1%

CAT CATERPILLAR INC 1.7%

Value ($000) $11 (+13.3%) Shares 16,195 (-8.4%) Est. Cost $345.73 Unrealized +98.0%

PNC PNC FINL SVCS GROUP INC 2.9%

Value ($000) $20 (-6.3%) Shares 94,197 (-6.0%) Est. Cost $106.51 Unrealized +111.2%

CVX CHEVRON CORP NEW 0.8%

Value ($000) $5 (+29.6%) Shares 25,171 (-4.5%) Est. Cost $112.98 Unrealized +52.1%

CTVA CORTEVA INC 1.1%

Value ($000) $8 (+17.9%) Shares 91,899 (-5.6%) Est. Cost $31.31 Unrealized +132.4%

CEG CONSTELLATION ENERGY CORP 0.6%

Value ($000) $4 (-23.7%) Shares 13,415 (-3.5%) Est. Cost $133.09 Unrealized +126.3%

SYK STRYKER CORPORATION 0.8%

Value ($000) $5 (-16.7%) Shares 16,221 (-10.9%) Est. Cost $248.25 Unrealized +46.9%

HD HOME DEPOT INC 1.2%

Value ($000) $8 (-11.2%) Shares 24,573 (-7.1%) Est. Cost $289.31 Unrealized +30.3%

JNJ JOHNSON & JOHNSON 1.6%

Value ($000) $11 (+8.4%) Shares 45,462 (-8.2%) Est. Cost $120.22 Unrealized +89.5%

APD AIR PRODS & CHEMS INC 1.2%

Value ($000) $8 (+10.8%) Shares 29,140 (-5.8%) Est. Cost $203.59 Unrealized +33.3%

LHX L3HARRIS TECHNOLOGIES INC. 1.2%

Value ($000) $8 (+10.9%) Shares 24,349 (-5.7%) Est. Cost $179.54 Unrealized +91.1%

HON HONEYWELL INTL INC 1.1%

Value ($000) $8 (+10.3%) Shares 33,385 (-4.8%) Est. Cost $132.37 Unrealized +70.7%

WSO WATSCO INC. 1.8%

Value ($000) $12 (+5.6%) Shares 34,098 (-2.2%) Est. Cost $210.13 Unrealized +86.6%

TXN TEXAS INSTRS INC 1.3%

Value ($000) $9 (+6.1%) Shares 46,700 (-5.2%) Est. Cost $125.40 Unrealized +64.5%

COST COSTCO WHSL CORP NEW 1.0%

Value ($000) $7 (+7.4%) Shares 6,715 (-7.1%) Est. Cost $229.36 Unrealized +320.2%

WMT WALMART INC 1.2%

Value ($000) $8 (+4.7%) Shares 66,932 (-6.1%) Est. Cost $46.99 Unrealized +159.7%

MCD MCDONALDS CORP 1.2%

Value ($000) $8 (-4.2%) Shares 25,254 (-5.8%) Est. Cost $112.92 Unrealized +180.9%

DRI DARDEN RESTAURANTS INC 1.5%

Value ($000) $10 (-2.7%) Shares 50,400 (-8.7%) Est. Cost $144.13 Unrealized +43.9%

RTX RAYTHEON TECHNOLOGIES CORP 2.5%

Value ($000) $17 (-1.6%) Shares 87,098 (-6.5%) Est. Cost $64.25 Unrealized +206.0%

PLD PROLOGIS INC 0.9%

Value ($000) $6 (-4.1%) Shares 47,853 (-7.4%) Est. Cost $81.70 Unrealized +58.0%

PG PROCTER & GAMBLE CO 0.7%

Value ($000) $5 (-4.6%) Shares 34,798 (-5.4%) Est. Cost $93.89 Unrealized +61.7%

WHD CACTUS INC 0.7%

Value ($000) $5 (-4.3%) Shares 106,947 (-7.7%) Est. Cost $41.74 Unrealized +31.9%

SOLS SOLSTICE ADVANCED MATLS INC 0.1%

Value ($000) $1 (+48.1%) Shares 8,279 (-5.5%) Est. Cost $47.08 Unrealized +38.5%

NEE NEXTERA ENERGY INC 0.5%

Value ($000) $4 (+5.0%) Shares 39,383 (-9.3%) Est. Cost $55.63 Unrealized +56.7%

SCHX SCHWAB STRATEGIC TR 0.1%

Value ($000) $1 (-16.3%) Shares 30,364 (-12.3%) Est. Cost $0.03 Unrealized —

DUK DUKE ENERGY CORP NEW 0.8%

Value ($000) $6 (+2.2%) Shares 42,340 (-8.5%) Est. Cost $67.44 Unrealized +79.3%

SCHD SCHWAB STRATEGIC TR 0.1%

Value ($000) $0 (-22.7%) Shares 12,182 (-30.9%) Est. Cost $0.04 Unrealized —

SPY SPDR S&P 500 ETF TR 0.1%

Value ($000) $1 (-6.9%) Shares 806 (-2.4%) Est. Cost $0.62 Unrealized —

GD GENERAL DYNAMICS CORP 0.1%

Value ($000) $1 (-2.5%) Shares 1,696 (-4.5%) Est. Cost $136.85 Unrealized +159.0%

PEP PEPSICO INC 0.6%

Value ($000) $4 (-0.0%) Shares 26,775 (-7.6%) Est. Cost $123.36 Unrealized +25.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP	82,298 (-4.2%)	$30 (-26.7%)	4.5%	$104.57	+315.6%	COM	594918104
GOOG	ALPHABET INC	178,833 (-9.3%)	$51 (-17.1%)	7.5%	$114.31	+183.2%	CAP STK CL C	02079K107
AVGO	BROADCOM INC	113,500 (-7.5%)	$35 (-17.3%)	5.2%	$151.32	+120.8%	COM	11135F101
—	LAM RESEARCH CORP	141,539 (-7.3%)	$30 (+15.8%)	4.4%	$35.65	—	COM	512807108
AAPL	APPLE INC	109,591 (-6.2%)	$28 (-12.4%)	4.1%	$91.87	+186.1%	COM	037833100
NVDA	NVIDIA CORPORATION	159,699 (-5.6%)	$28 (-11.7%)	4.1%	$102.84	+81.5%	COM	67066G104
LLY	LILLY ELI & CO	18,653 (-3.7%)	$17 (-17.6%)	2.5%	$122.57	+754.3%	COM	532457108
TMO	THERMO FISHER SCIENTIFIC INC	28,728 (-5.1%)	$14 (-19.5%)	2.1%	$324.32	+77.2%	COM	883556102
SPGI	S&P GLOBAL INC	31,072 (-1.3%)	$13 (-19.7%)	1.9%	$296.79	+63.5%	COM	78409V104
V	VISA INC	52,552 (-2.5%)	$16 (-16.0%)	2.3%	$185.60	+77.4%	COM	92826C839
COP	CONOCOPHILLIPS	94,113 (-6.3%)	$12 (+32.1%)	1.8%	$56.70	+81.0%	COM	20825C104
—	ARISTA NETWORKS INC	137,554 (-7.3%)	$17 (-13.2%)	2.5%	$0.16	—	COM	040413106
A	AGILENT TECHNOLOGIES INC	78,735 (-4.7%)	$9 (-20.2%)	1.3%	$133.44	+1.0%	COM	00846U101
—	BLACKROCK INC	13,105 (-4.7%)	$13 (-14.4%)	1.9%	$295.41	—	COM	09247X101
META	META PLATFORMS INC	20,851 (-1.3%)	$12 (-14.4%)	1.8%	$527.37	+24.3%	CL A	30303M102
BX	BLACKSTONE INC	41,071 (-3.4%)	$5 (-27.9%)	0.7%	$103.01	+36.8%	COM	09260D107
ABT	ABBOTT LABS	60,910 (-4.4%)	$6 (-21.7%)	0.9%	$59.75	+93.2%	COM	002824100
JPM	JPMORGAN CHASE & CO	28,148 (-5.9%)	$8 (-14.1%)	1.2%	$128.11	+143.1%	COM	46625H100
CAT	CATERPILLAR INC	16,195 (-8.4%)	$11 (+13.3%)	1.7%	$345.73	+98.0%	COM	149123101
PNC	PNC FINL SVCS GROUP INC	94,197 (-6.0%)	$20 (-6.3%)	2.9%	$106.51	+111.2%	COM	693475105
CVX	CHEVRON CORP NEW	25,171 (-4.5%)	$5 (+29.6%)	0.8%	$112.98	+52.1%	COM	166764100
CTVA	CORTEVA INC	91,899 (-5.6%)	$8 (+17.9%)	1.1%	$31.31	+132.4%	COM	22052L104
CEG	CONSTELLATION ENERGY CORP	13,415 (-3.5%)	$4 (-23.7%)	0.6%	$133.09	+126.3%	COM	21037T109
SYK	STRYKER CORPORATION	16,221 (-10.9%)	$5 (-16.7%)	0.8%	$248.25	+46.9%	COM	863667101
HD	HOME DEPOT INC	24,573 (-7.1%)	$8 (-11.2%)	1.2%	$289.31	+30.3%	COM	437076102
JNJ	JOHNSON & JOHNSON	45,462 (-8.2%)	$11 (+8.4%)	1.6%	$120.22	+89.5%	COM	478160104
APD	AIR PRODS & CHEMS INC	29,140 (-5.8%)	$8 (+10.8%)	1.2%	$203.59	+33.3%	COM	009158106
LHX	L3HARRIS TECHNOLOGIES INC.	24,349 (-5.7%)	$8 (+10.9%)	1.2%	$179.54	+91.1%	COM	502431109
HON	HONEYWELL INTL INC	33,385 (-4.8%)	$8 (+10.3%)	1.1%	$132.37	+70.7%	COM	438516106
WSO	WATSCO INC.	34,098 (-2.2%)	$12 (+5.6%)	1.8%	$210.13	+86.6%	COM	942622200
TXN	TEXAS INSTRS INC	46,700 (-5.2%)	$9 (+6.1%)	1.3%	$125.40	+64.5%	COM	882508104
COST	COSTCO WHSL CORP NEW	6,715 (-7.1%)	$7 (+7.4%)	1.0%	$229.36	+320.2%	COM	22160K105
WMT	WALMART INC	66,932 (-6.1%)	$8 (+4.7%)	1.2%	$46.99	+159.7%	COM	931142103
MCD	MCDONALDS CORP	25,254 (-5.8%)	$8 (-4.2%)	1.2%	$112.92	+180.9%	COM	580135101
DRI	DARDEN RESTAURANTS INC	50,400 (-8.7%)	$10 (-2.7%)	1.5%	$144.13	+43.9%	COM	237194105
RTX	RAYTHEON TECHNOLOGIES CORP	87,098 (-6.5%)	$17 (-1.6%)	2.5%	$64.25	+206.0%	COM	75513E101
PLD	PROLOGIS INC	47,853 (-7.4%)	$6 (-4.1%)	0.9%	$81.70	+58.0%	COM	74340W103
PG	PROCTER & GAMBLE CO	34,798 (-5.4%)	$5 (-4.6%)	0.7%	$93.89	+61.7%	COM	742718109
WHD	CACTUS INC	106,947 (-7.7%)	$5 (-4.3%)	0.7%	$41.74	+31.9%	CL A	127203107
SOLS	SOLSTICE ADVANCED MATLS INC	8,279 (-5.5%)	$1 (+48.1%)	0.1%	$47.08	+38.5%	COM SHS	83443Q103
NEE	NEXTERA ENERGY INC	39,383 (-9.3%)	$4 (+5.0%)	0.5%	$55.63	+56.7%	COM	65339F101
SCHX	SCHWAB STRATEGIC TR	30,364 (-12.3%)	$1 (-16.3%)	0.1%	$0.03	—	US LRG CAP ETF	808524201
DUK	DUKE ENERGY CORP NEW	42,340 (-8.5%)	$6 (+2.2%)	0.8%	$67.44	+79.3%	COM NEW	26441C204
SCHD	SCHWAB STRATEGIC TR	12,182 (-30.9%)	$0 (-22.7%)	0.1%	$0.04	—	US DIVIDEND EQ	808524797
SPY	SPDR S&P 500 ETF TR	806 (-2.4%)	$1 (-6.9%)	0.1%	$0.62	—	TR UNIT	78462F103
GD	GENERAL DYNAMICS CORP	1,696 (-4.5%)	$1 (-2.5%)	0.1%	$136.85	+159.0%	COM	369550108
PEP	PEPSICO INC	26,775 (-7.6%)	$4 (-0.0%)	0.6%	$123.36	+25.4%	COM	713448108

Unchanged Positions (13)

AMZN AMAZON COM INC 3.6%

Value ($000) $24 Shares 116,138 Est. Cost $140.15 Unrealized +61.8%

WAB WABTEC CORP 0.3%

Value ($000) $2 Shares 9,068 Est. Cost $66.96 Unrealized +256.8%

EXC EXELON CORP 0.4%

Value ($000) $3 Shares 53,272 Est. Cost $23.24 Unrealized +94.3%

GOOGL ALPHABET INC 0.2%

Value ($000) $1 Shares 4,876 Est. Cost $153.94 Unrealized +110.0%

IBMP ISHARES TR 1.4%

Value ($000) $9 Shares 370,490 Est. Cost $0.03 Unrealized —

IBMO ISHARES TR 1.2%

Value ($000) $8 Shares 323,935 Est. Cost $0.03 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL 0.2%

Value ($000) $1 Shares 2,350 Est. Cost $410.68 Unrealized +20.2%

CB CHUBB LIMITED 0.1%

Value ($000) $1 Shares 2,284 Est. Cost $275.21 Unrealized +14.9%

PH PARKER HANNIFIN CORP 0.3%

Value ($000) $2 Shares 2,262 Est. Cost $185.13 Unrealized +417.4%

COR CENCORA INC 0.0%

Value ($000) $0 Shares 664 Est. Cost $293.50 Unrealized +20.3%

VV VANGUARD INDEX FDS 0.0%

Value ($000) $0 Shares 776 Est. Cost $0.28 Unrealized —

RSG REPUBLIC SVCS INC 0.0%

Value ($000) $0 Shares 1,050 Est. Cost $185.14 Unrealized +17.0%

IEFA ISHARES TR 0.0%

Value ($000) $0 Shares 3,059 Est. Cost $0.09 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AMZN	AMAZON COM INC	116,138	$24	3.6%	$140.15	+61.8%	COM	023135106
WAB	WABTEC CORP	9,068	$2	0.3%	$66.96	+256.8%	COM	929740108
EXC	EXELON CORP	53,272	$3	0.4%	$23.24	+94.3%	COM	30161N101
GOOGL	ALPHABET INC	4,876	$1	0.2%	$153.94	+110.0%	CAP STK CL A	02079K305
IBMP	ISHARES TR	370,490	$9	1.4%	$0.03	—	IBONDS DEC 27	46435U283
IBMO	ISHARES TR	323,935	$8	1.2%	$0.03	—	IBONDS DEC 26	46435U259
BRK/B	BERKSHIRE HATHAWAY INC DEL	2,350	$1	0.2%	$410.68	+20.2%	CL B NEW	084670702
CB	CHUBB LIMITED	2,284	$1	0.1%	$275.21	+14.9%	COM	H1467J104
PH	PARKER HANNIFIN CORP	2,262	$2	0.3%	$185.13	+417.4%	COM	701094104
COR	CENCORA INC	664	$0	0.0%	$293.50	+20.3%	COM	03073E105
VV	VANGUARD INDEX FDS	776	$0	0.0%	$0.28	—	LARGE CAP ETF	922908637
RSG	REPUBLIC SVCS INC	1,050	$0	0.0%	$185.14	+17.0%	COM	760759100
IEFA	ISHARES TR	3,059	$0	0.0%	$0.09	—	CORE MSCI EAFE	46432F842