# EDGAR Filing Document

**Accession Number:** 0000811869
**File Stem:** 0001752724-25-156730
**Filing Date:** 2025-6
**Character Count:** 22871
**Document Hash:** 18c4f59d18b5ee2dacc3f20ab9b18fdb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-156730.hdr.sgml**: 20250626

**ACCESSION NUMBER**: 0001752724-25-156730

**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:** 251075414

**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 Mid Cap Stock Fund (Series ID: S000001345)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000003596 | Class A      | AASCX           |
| C000003598 | Class S      | TMSIX           |

## 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 MID CAP STOCK FUND

- **b. EDGAR series identifier (if any):** S000001345

- **c. LEI of Series:** 549300FTZTSGYKFGTJ95

**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:** $3391191589.15

**Total Liabilities:** $926849.94

**Net Assets:** $3390264739.21

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000003598 | -3.57%               | -3.73%               | -2.81%               |
| Class ID C000003596 | -3.59%               | -3.73%               | -2.84%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $27452000.95             | $-168826894.14                             |
| Month 2  | $-12343946.12            | $-130861404.03                             |
| Month 3  | $66305499.78             | $-170696310.72                             |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ALLIANT ENERGY CORP           | Alliant Energy Corporation                                   | CUSIP: 018802108<br>LEI: 5493009ML300G373MZ12 | Long             | EC               | CORP              | US        |    999672 | NS      | $61019978.88  | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED THERAPEUTICS CORP DEL  | United Therapeutics Corporation                              | CUSIP: 91307C102<br>LEI: 5299005C4HZL4UWROC14 | Long             | EC               | CORP              | US        |    113303 | NS      | $34341006.27  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AXON ENTERPRISE INC           | Axon Enterprise, Inc.                                        | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |     85285 | NS      | $52305290.50  | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| LINCOLN ELEC HLDGS INC        | Lincoln Electric Holdings, Inc.                              | CUSIP: 533900106<br>LEI: BIMGBY40SIN95O01BN93 | Long             | EC               | CORP              | US        |    252711 | NS      | $44527678.20  | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| HERSHEY CO                    | Hershey Company                                              | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | EC               | CORP              | US        |    305725 | NS      | $51114162.75  | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| GARMIN LTD                    | Garmin, Ltd.                                                 | CUSIP: H2906T109<br>LEI: 2549001E0HIPIJQ0W046 | Long             | EC               | CORP              | CH        |    438569 | NS      | $81955389.03  | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| AMCOR PLC                     | Amcor plc                                                    | CUSIP: G0250X107<br>LEI: 549300GSODGFCDQ3DI89 | Long             | EC               | CORP              | JE        |   4617059 | NS      | $42476942.80  | 1.25%             |  |  |  | No            |                  1 | On Loan: —       |
| DATADOG INC                   | Datadog, Inc.                                                | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |    417425 | NS      | $42644138.00  | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| LEIDOS HLDGS INC              | Leidos Holdings, Inc.                                        | CUSIP: 525327102<br>LEI: 549300IUTGTP6EJP8124 | Long             | EC               | CORP              | US        |    396839 | NS      | $58406764.02  | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| CROCS INC                     | Crocs, Inc.                                                  | CUSIP: 227046109<br>LEI: 549300B0J6YCXD63OG72 | Long             | EC               | CORP              | US        |    430227 | NS      | $41482487.34  | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCH CAPITAL GROUP LTD        | Arch Capital Group, Ltd.                                     | CUSIP: G0450A105<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EC               | CORP              | BM        |   1014622 | NS      | $92005922.96  | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| DOCUSIGN INC                  | DocuSign, Inc.                                               | CUSIP: 256163106<br>LEI: 549300Q7PVDWRZ39JG09 | Long             | EC               | CORP              | US        |   1359644 | NS      | $111150897.00 | 3.28%             |  |  |  | No            |                  1 | On Loan: No      |
| HOWMET AEROSPACE INC          | Howmet Aerospace, Inc.                                       | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |    553514 | NS      | $76705970.12  | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Thrivent Mutual Funds         | Thrivent Cash Management Trust                               | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |  68074050 | NS      | $68074050.00  | 2.01%             |  |  |  | No            |                  2 | On Loan: No      |
| WATERS CORP                   | Waters Corporation                                           | CUSIP: 941848103<br>LEI: 5T547R1474YC9HOD8Q74 | Long             | EC               | CORP              | US        |    232456 | NS      | $80831924.88  | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| TRIMBLE INC                   | Trimble, Inc.                                                | CUSIP: 896239100<br>LEI: 549300E2MI7NSZFQWS19 | Long             | EC               | CORP              | US        |   1628734 | NS      | $101209530.76 | 2.99%             |  |  |  | No            |                  1 | On Loan: No      |
| ALIGN TECHNOLOGY INC          | Align Technology, Inc.                                       | CUSIP: 016255101<br>LEI: 549300N5YSE0U3LCP840 | Long             | EC               | CORP              | US        |    211450 | NS      | $36644285.00  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| TIMKEN CO                     | Timken Company                                               | CUSIP: 887389104<br>LEI: B0I35MLPFXZSE70ASS73 | Long             | EC               | CORP              | US        |    963504 | NS      | $61905132.00  | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| NVR INC                       | NVR, Inc.                                                    | CUSIP: 62944T105<br>LEI: 529900RWXR4JI3JYTV70 | Long             | EC               | CORP              | US        |      7833 | NS      | $55815999.75  | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| EXPEDITORS INTL WASH INC      | Expeditors International of Washington, Inc.                 | CUSIP: 302130109<br>LEI: 984500B055A804AB6E40 | Long             | EC               | CORP              | US        |    423282 | NS      | $46522924.62  | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHERN TR CORP              | Northern Trust Corporation                                   | CUSIP: 665859104<br>LEI: 549300GLF98S992BC502 | Long             | EC               | CORP              | US        |    690021 | NS      | $64848173.58  | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| RADIAN GROUP INC              | Radian Group, Inc.                                           | CUSIP: 750236101<br>LEI: 54930005OUP720S5U385 | Long             | EC               | CORP              | US        |   1630885 | NS      | $52090466.90  | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| CHAMPION HOMES INC            | Champion Homes, Inc.                                         | CUSIP: 830830105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    705379 | NS      | $61015283.50  | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| NEUROCRINE BIOSCIENCES INC    | Neurocrine Biosciences, Inc.                                 | CUSIP: 64125C109<br>LEI: 549300FECER0XBN49756 | Long             | EC               | CORP              | US        |    508407 | NS      | $54750349.83  | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| M & T BK CORP                 | M&T Bank Corporation                                         | CUSIP: 55261F104<br>LEI: 549300WYXDDBYRASEG81 | Long             | EC               | CORP              | US        |    325551 | NS      | $55265537.76  | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTERPOINT ENERGY INC        | CenterPoint Energy, Inc.                                     | CUSIP: 15189T107<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | EC               | CORP              | US        |   1671322 | NS      | $64813867.16  | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTENE CORP DEL              | Centene Corporation                                          | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |    896193 | NS      | $53637151.05  | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| ON SEMICONDUCTOR CORP         | ON Semiconductor Corporation                                 | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | EC               | CORP              | US        |    866998 | NS      | $34419820.60  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| FASTENAL CO                   | Fastenal Company                                             | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |    809750 | NS      | $65565457.50  | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| EXPAND ENERGY CORP            | Expand Energy Corporation                                    | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |    927416 | NS      | $96358522.40  | 2.84%             |  |  |  | No            |                  1 | On Loan: No      |
| NISOURCE INC                  | NiSource, Inc.                                               | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |   1575973 | NS      | $61636304.03  | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| STEEL DYNAMICS INC            | Steel Dynamics, Inc.                                         | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |    895363 | NS      | $116137534.73 | 3.43%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHWEST AIRLS CO            | Southwest Airlines Company                                   | CUSIP: 844741108<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | EC               | CORP              | US        |   1535153 | NS      | $42922877.88  | 1.27%             |  |  |  | No            |                  1 | On Loan: —       |
| CIENA CORP                    | Ciena Corporation                                            | CUSIP: 171779309<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | EC               | CORP              | US        |    607663 | NS      | $40810647.08  | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| CASEYS GEN STORES INC         | Casey's General Stores, Inc.                                 | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |    159207 | NS      | $73647566.13  | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| BJS WHSL CLUB HLDGS INC       | BJ's Wholesale Club Holdings, Inc.                           | CUSIP: 05550J101<br>LEI: 549300UCIWH1C93V0J03 | Long             | EC               | CORP              | US        |    482798 | NS      | $56757732.88  | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| OLD DOMINION FREIGHT LINE INC | Old Dominion Freight Line, Inc.                              | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Long             | EC               | CORP              | US        |    461990 | NS      | $70813827.20  | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| QORVO INC                     | Qorvo, Inc.                                                  | CUSIP: 74736K101<br>LEI: 254900YAUJV2EUEVBR11 | Long             | EC               | CORP              | US        |    870063 | NS      | $62357415.21  | 1.84%             |  |  |  | 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        |  99630466 | NS      | $99630465.61  | 2.94%             |  |  |  | No            |                  1 | On Loan: No      |
| LULULEMON ATHLETICA INC       | Lululemon Athletica, Inc.                                    | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | US        |    222733 | NS      | $60309414.41  | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST INDL RLTY TR INC        | First Industrial Realty Trust, Inc.                          | CUSIP: 32054K103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1270903 | NS      | $60469564.74  | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED RENTALS INC            | United Rentals, Inc.                                         | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               | CORP              | US        |    110107 | NS      | $69527065.15  | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| KINSALE CAP GROUP INC         | Kinsale Capital Group, Inc.                                  | CUSIP: 49714P108<br>LEI: 529900QTUQHNZ6HOA508 | Long             | EC               | CORP              | US        |    155554 | NS      | $67706434.04  | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ALBEMARLE CORP                | Albemarle Corporation                                        | CUSIP: 012653101<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Long             | EC               | CORP              | US        |    405409 | NS      | $23736696.95  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERIPRISE FINL INC           | Ameriprise Financial, Inc.                                   | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |    113450 | NS      | $53437219.00  | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| PROGYNY INC                   | Progyny, Inc.                                                | CUSIP: 74340E103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2087813 | NS      | $47685648.92  | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| DECKERS OUTDOOR CORP          | Deckers Outdoor Corporation                                  | CUSIP: 243537107<br>LEI: 5493008LG4W3I6K8J118 | Long             | EC               | CORP              | US        |    470905 | NS      | $52190401.15  | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| EXTRA SPACE STORAGE INC       | Extra Space Storage, Inc.                                    | CUSIP: 30225T102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    251031 | NS      | $36781062.12  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLY FINL INC                 | Ally Financial, Inc.                                         | CUSIP: 02005N100<br>LEI: 549300JBN1OSM8YNAI90 | Long             | EC               | CORP              | US        |   1729123 | NS      | $56473157.18  | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| ROCKWELL AUTOMATION INC       | Rockwell Automation, Inc.                                    | CUSIP: 773903109<br>LEI: VH3R4HHBHH12O0EXZJ88 | Long             | EC               | CORP              | US        |    278039 | NS      | $68864699.52  | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| DEVON ENERGY CORP NEW         | Devon Energy Corporation                                     | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |   1931078 | NS      | $58724081.98  | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| ZEBRA TECHNOLOGIES CORP       | Zebra Technologies Corporation                               | CUSIP: 989207105<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Long             | EC               | CORP              | US        |    229883 | NS      | $57544312.56  | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| TRADEWEB MKTS INC             | Tradeweb Markets, Inc.                                       | CUSIP: 892672106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    484405 | NS      | $66993211.50  | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| ZIONS BANCORPORATION          | Zions Bancorp NA                                             | CUSIP: 989701107<br>LEI: 8WH0EE09O9V05QJZ3V89 | Long             | EC               | CORP              | US        |   1156766 | NS      | $52019767.02  | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| SBA COMMUNICATIONS CORP NEW   | SBA Communications Corporation                               | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               | CORP              | US        |    382255 | NS      | $93040867.00  | 2.74%             |  |  |  | No            |                  1 | On Loan: No      |
| QUANTA SVCS INC               | Quanta Services, Inc.                                        | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |    214988 | NS      | $62924837.72  | 1.86%             |  |  |  | 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