Thrivent Financial for Lutherans filed 70 Form 4 transactions across three companies, with a clear split between large acquisitions and steady small sales. The total buy value reached $25.5 million, driven by open-market purchases of ARDC, the Ares Dynamic Credit Allocation Fund. On September 14, 2026, Thrivent bought $6 million of ARDC, followed by another $9 million purchase on September 15. That two-day push accounts for most of the buying activity. The remaining $15 million in acquired value came from non-cash transactions, including conversions and other mechanical events, not open-market conviction buys.
The selling side is dominated by GLOO, the Goldman Sachs ETF Trust. Thrivent sold GLOO on 20 separate occasions between August 14 and September 15, 2026. The individual amounts are small, ranging from $1,560 to $116,442, and total roughly $2.7 million. These are open-market sales, coded S, and they occur almost daily during the period. The pattern is consistent: small, frequent reductions of the GLOO position rather than any single large liquidation.
Three other transactions appear in the recent data, all coded J, which is a conversion of a derivative security. On August 24, 2026, Thrivent converted $10 million in CHY, $5 million in CCD, and $10 million in CHI. Those are mechanical conversions, not purchases or sales. The overall direction is mixed: heavy buying in ARDC, steady trimming of GLOO, and no open-market selling in the closed-end funds CHY, CCD, or CHI. The dollar-weighted bias is clearly toward accumulation, with $25.5 million in buys against $2.7 million in sales.
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