# EDGAR Filing Document

**Accession Number:** 0000811869
**File Stem:** 0001752724-25-156732
**Filing Date:** 2025-6
**Character Count:** 17665
**Document Hash:** 78f47aaf3aa3dcfa87e16bf567407102
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-156732.hdr.sgml**: 20250626

**ACCESSION NUMBER**: 0001752724-25-156732

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250626

**DATE AS OF CHANGE**: 20250626

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** THRIVENT MUTUAL FUNDS
- **CENTRAL INDEX KEY:** 0000811869

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05075
- **FILM NUMBER:** 251075415

**BUSINESS ADDRESS:**
- **STREET 1:** 901 MARQUETTE AVENUE, SUITE 2500
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55402-3211
- **BUSINESS PHONE:** 612-844-7190

**MAIL ADDRESS:**
- **STREET 1:** 901 MARQUETTE AVENUE, SUITE 2500
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55402-3211

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AAL MUTUAL FUNDS
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Thrivent Large Cap Growth Fund (Series ID: S000001362)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000003637 | Class A      | AAAGX           |
| C000003639 | Class S      | THLCX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Thrivent Mutual Funds

- **b. Investment Company Act file number:** 811-05075

- **c. CIK number of Registrant:** 0000811869

- **d. LEI of Registrant:** 549300K3CUETFK7U3B57

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 901 Marquette Avenue

  - **City:** Minneapolis

  - **State:** MN

  - **Foreign country:** US

  - **Zip / Postal Code:** 55402-3211

  - **Telephone number:** 612-844-5168

**Item A.2. Information about the Series.**

- **a. Name of Series:** THRIVENT LARGE CAP GROWTH FUND

- **b. EDGAR series identifier (if any):** S000001362

- **c. LEI of Series:** 549300AR6SK11V0PGT33

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-04-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $3217314731.75

**Total Liabilities:** $766566.32

**Net Assets:** $3216548165.43

**Cash Not Reported:** $206.38

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000003639 | -3.95%               | -8.69%               | 1.02%                |
| Class ID C000003637 | -3.98%               | -8.68%               | 0.98%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $16307989.39             | $-156529042.35                             |
| Month 2  | $-18020878.90            | $-275275768.55                             |
| Month 3  | $7675947.18              | $32088846.00                               |

### Schedule of Portfolio Investments

| Name                              | Title                                                        | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| NVIDIA CORP                       | NVIDIA Corporation                                           | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |   2624843 | NS      | $285897899.56 | 8.89%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN EXPRESS CO               | American Express Company                                     | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |    109317 | NS      | $29123141.97  | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Institutional US     | State Street Institutional U.S. Government Money Market Fund | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |  85907700 | NS      | $85907699.61  | 2.67%             |  |  |  | No            |                  1 | On Loan: No      |
| PALANTIR TECHNOLOGIES INC         | Palantir Technologies, Inc.                                  | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |    312039 | NS      | $36957899.16  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| REGENERON PHARMACEUTICALS INC     | Regeneron Pharmaceuticals, Inc.                              | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |     44065 | NS      | $26384359.40  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| INTUITIVE SURGICAL INC            | Intuitive Surgical, Inc.                                     | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |    113862 | NS      | $58730019.60  | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| FORTINET INC                      | Fortinet, Inc.                                               | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |    451062 | NS      | $46802193.12  | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| LILLY ELI & CO                    | Eli Lilly & Company                                          | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |     99724 | NS      | $89646889.80  | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |
| META PLATFORMS INC                | Meta Platforms, Inc.                                         | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |    392086 | NS      | $215255214.00 | 6.69%             |  |  |  | No            |                  1 | On Loan: No      |
| EXPEDIA GROUP INC                 | Expedia Group, Inc.                                          | CUSIP: 30212P303<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    224278 | NS      | $35195946.54  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| AMAZON COM INC                    | Amazon.com, Inc.                                             | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |   1493722 | NS      | $275472211.24 | 8.56%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLE INC                         | Apple, Inc.                                                  | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |   1259328 | NS      | $267607200.00 | 8.32%             |  |  |  | No            |                  1 | On Loan: No      |
| AMGEN INC                         | Amgen, Inc.                                                  | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |     83549 | NS      | $24306075.08  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE & CO               | JPMorgan Chase & Company                                     | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |    185340 | NS      | $45337870.80  | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORP                    | Microsoft Corporation                                        | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    688190 | NS      | $272013979.40 | 8.46%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUINIX INC                       | Equinix, Inc.                                                | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |     30539 | NS      | $26286444.25  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| UBER TECHNOLOGIES INC             | Uber Technologies, Inc.                                      | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |    880214 | NS      | $71306136.14  | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| DOORDASH INC                      | DoorDash, Inc.                                               | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |    254238 | NS      | $49039967.82  | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITEDHEALTH GROUP INC            | UnitedHealth Group, Inc.                                     | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |     75497 | NS      | $31062485.68  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| SAP SE                            | SAP SE ADR                                                   | CUSIP: 803054204<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |    134574 | NS      | $39321177.06  | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| ZOETIS INC                        | Zoetis, Inc.                                                 | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |    236043 | NS      | $36917125.20  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| PARKER-HANNIFIN CORP              | Parker-Hannifin Corporation                                  | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |     66025 | NS      | $39949086.50  | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| HOME DEPOT INC                    | Home Depot, Inc.                                             | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |    214868 | NS      | $77457765.32  | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERNATIONAL BUSINESS MACHS CORP | International Business Machines Corporation                  | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |    204721 | NS      | $49505632.22  | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| WALMART INC                       | Walmart, Inc.                                                | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |    559474 | NS      | $54408846.50  | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM INC                      | QUALCOMM, Inc.                                               | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |    285334 | NS      | $42360685.64  | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| BEST BUY INC                      | Best Buy Company, Inc.                                       | CUSIP: 086516101<br>LEI: HL5XPTVRV0O8TUN5LL90 | Long             | EC               | CORP              | US        |    471551 | NS      | $31447736.19  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| FASTENAL CO                       | Fastenal Company                                             | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |    527731 | NS      | $42730379.07  | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| SPOTIFY TECHNOLOGY S A            | Spotify Technology SA                                        | CUSIP: L8681T102<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | LU        |     65936 | NS      | $40483385.28  | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| SERVICENOW INC                    | ServiceNow, Inc.                                             | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |     81385 | NS      | $77723488.85  | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| CONOCOPHILLIPS                    | ConocoPhillips                                               | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |    194118 | NS      | $17299796.16  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERIPRISE FINL INC               | Ameriprise Financial, Inc.                                   | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |     58969 | NS      | $27775578.38  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| VISA INC                          | Visa, Inc.                                                   | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |    412054 | NS      | $142364657.00 | 4.43%             |  |  |  | No            |                  1 | On Loan: No      |
| CATERPILLAR INC                   | Caterpillar, Inc.                                            | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |    131044 | NS      | $40527977.88  | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| DANAHER CORP                      | Danaher Corporation                                          | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |    166712 | NS      | $33230702.96  | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADCOM INC                      | Broadcom, Inc.                                               | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | SG        |    547453 | NS      | $105368278.91 | 3.28%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC                      | Alphabet, Inc., Class C                                      | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |   1064276 | NS      | $171231365.64 | 5.32%             |  |  |  | No            |                  1 | On Loan: No      |
| TESLA INC                         | Tesla, Inc.                                                  | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |    363588 | NS      | $102589990.08 | 3.19%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLIED MATLS INC                 | Applied Materials, Inc.                                      | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |    270100 | NS      | $40706771.00  | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| CDW CORP                          | CDW Corporation                                              | CUSIP: 12514G108<br>LEI: 9845001B052ABF0B6755 | Long             | EC               | CORP              | US        |    187164 | NS      | $30051051.84  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-05-28

**Name of Applicant:** Thrivent Mutual Funds

**Signature:** Sarah L. Bergstrom

**Name of Signer:** Sarah L. Bergstrom

**Title:** Treasurer and Principal Accounting Officer