THRIVENT FINANCIAL FOR LUTHERANS

Insurance Manager

THRIVENT FINANCIAL FOR LUTHERANS is an Insurance Manager based in Minneapolis, MN led by Teresa Joy Rasmussen, reporting $141.11B in AUM as of Q3 2025 with NVDA as the largest holding (4% allocation).

CEOTeresa Joy Rasmussen

Portfolio Value: $48.0B
Positions: 2,102
Top Holding: NVDA at 4.28%
Last Reported: Q3 2025

Address901 Marquette Avenue, Suite 2500, Minneapolis, MN, 55402-3211, United States

Top Holdings

Largest long holdings in THRIVENT FINANCIAL FOR LUTHERANS's portfolio (23.5% of total portfolio)

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Holding	Sector	Market Value	Weight	Ownership	Owned Since
1 Nvidia NVDA	Semiconductors Technology	$2.1B	4.28%	0.05% 11.0M shares	≤ Q2 2013 Held for 12y 5m+
2 Microsoft MSFT	Software - Infrastructure Technology	$1.9B	4.06%	0.05% 3.8M shares	≤ Q2 2013 Held for 12y 5m+
3 Apple AAPL	Consumer Electronics Technology	$1.4B	2.99%	0.04% 5.6M shares	≤ Q2 2013 Held for 12y 5m+
4 Amazon AMZN	Specialty Retail Consumer Cyclical	$1.3B	2.64%	0.05% 5.8M shares	≤ Q2 2013 Held for 12y 5m+
5 Meta Platforms, Inc. META	Internet Content & Information Communication Services	$1.2B	2.55%	0.07% 1.7M shares	Q2 2014 Held for 11y 5m
6 Alphabet Inc. GOOG	Internet Content & Information Communication Services	$812.4M	1.69%	0.03% 3.3M shares	Q2 2014 Held for 11y 5m
7 Broadcom Inc. AVGO	Semiconductors Technology	$713.3M	1.49%	0.05% 2.2M shares	Q2 2014 Held for 11y 5m
8 iShares Core S&P 500 ETF IVV	ETF ETF	$621.4M	1.30%	— 928.4K shares	≤ Q2 2013 Held for 12y 5m+
9 Alphabet Inc. GOOGL	Internet Content & Information Communication Services	$608.0M	1.27%	0.02% 2.5M shares	≤ Q2 2013 Held for 12y 5m+
10 Tesla, Inc. TSLA	Auto - Manufacturers Consumer Cyclical	$588.9M	1.23%	0.04% 1.3M shares	Q3 2020 Held for 5y 2m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in THRIVENT FINANCIAL FOR LUTHERANS's latest filing

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Market Value

$48.0B

Prior: $44.0B

Q/Q Change

+9.01%

+$4.0B

Net Flows % of MV

+1.07%

Turnover Ratio

15.47%

New Purchases

82 stocks

$231.0M

Added To

718 stocks

+$7.4B

Sold Out Of

290 stocks

$1.2B

Reduced Holdings

1,202 stocks

-$6.0B

Increased Positions

Position	Shares Δ	Change
1 CompoSecure CMPO	New	0 → 1.7M +$34.4M
2 Invesco S&P International Developed Quality IDHQ	New	0 → 883.9K +$29.7M
3 MRP Morgan Stanley MRP	New	0 → 539.4K +$18.1M
4 MRP Millrose Properties, Inc. MRP	New	0 → 539.4K +$18.1M
5 Logitech International LOGI	New	0 → 157.8K +$17.3M

Decreased Positions

Position	Shares Δ	Change
1 WNS Holdings Limited WNS	Sold	1.5M → 0 −$92.7M
2 Gates Industrial Corporation GTES	Sold	4.0M → 0 −$91.0M
3 SharkNinja SN	Sold	880.2K → 0 −$87.1M
4 JFrog Ltd. FROG	Sold	1.8M → 0 −$81.1M
5 Invesco S&P MidCap Quality XMHQ	Sold	604.4K → 0 −$59.4M

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Analytics

Portfolio insights and performance metrics for THRIVENT FINANCIAL FOR LUTHERANS

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Sector Allocation

Technology

23.70%

Financial Services

12.80%

ETF

12.20%

Industrials

10.30%

Consumer Cyclical

9.60%

Healthcare

8.50%

Communication Services

8.40%

Real Estate

3.00%

Utilities

2.70%

Energy

2.70%

Consumer Defensive

2.60%

Basic Materials

2.30%

Market Cap Distribution

Mega Cap (> $200B)

35.77%

Large Cap ($10B - $200B)

35.49%

Mid Cap ($2B - $10B)

12.70%

Small Cap ($300M - $2B)

2.93%

Micro Cap ($50M - $300M)

0.01%

Nano Cap (< $50M)

0.89%

N/A (ETF or Unknown)

12.22%

Portfolio Concentration

Top 10 Holdings %

23.49%

Top 20 Holdings %

31.26%

Top 50 Holdings %

44.41%

Top 100 Holdings %

58.28%