Delta Asset Management LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 11, 2025), Delta Asset Management LLC reported 599 stock positions worth $1.1 billion. Its top holding was Microsoft (MSFT) at 18.5% of the portfolio, followed by S&P Global (SPGI, 5.8%) and Goldman Sachs (GS, 5.0%). Compared with Q1 2025, it opened 11 new positions, sold out of 14, added to 23 and reduced 110. The biggest buy was Becton Dickinson and (BDX, shares +46%) and the biggest sale Lowe's Cos (LOW, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- MEMPHIS, TN
- CIK
- 0000860857
- Portfolio Value
- $1.1B (Q2 2025)
- SEC Filing
- 0001855205-25-000037 ↗ filed Aug 11, 2025
Holdings Value
Holdings 599 stocks · $1.1B
| MSFT Microsoft Corp. | 18.48% | 427,102 | $212.4M | Reduce -1.5% |
| SPGI S&P Global Inc. | 5.77% | 125,890 | $66.4M | Reduce -0.3% |
| GS Goldman Sachs Group Inc. | 4.97% | 80,733 | $57.1M | Reduce -0.9% |
| LOW Lowe's Cos Inc. | 4.51% | 233,538 | $51.8M | Reduce -1.0% |
| ETN Eaton Corp. PLC | 4.36% | 140,478 | $50.1M | Reduce -0.8% |
| WMT Walmart Inc. | 4.24% | 498,901 | $48.8M | Reduce -1.6% |
| HON Honeywell International Inc. | 4.13% | 204,061 | $47.5M | Reduce -1.3% |
| PG The Procter & Gamble Co. | 3.21% | 231,472 | $36.9M | Reduce -1.5% |
| CARR Carrier Global Corp. | 3.12% | 490,114 | $35.9M | Reduce -1.7% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 2.94% | 272,423 | $33.8M | Reduce -1.6% |
| WFC Wells Fargo & Co. | 2.92% | 418,989 | $33.6M | Reduce -1.5% |
| SYY Sysco Corp. | 2.63% | 399,084 | $30.2M | Reduce -1.6% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 2.32% | 292,431 | $26.6M | Reduce -1.5% |
| CAT Caterpillar Inc. | 1.95% | 57,724 | $22.4M | Reduce -0.8% |
| ECL Ecolab Inc. | 1.85% | 79,098 | $21.3M | Reduce -1.1% |
| BDX Becton Dickinson and Co. | 1.80% | 120,183 | $20.7M | Add +46.5% |
| ENB Enbridge Inc. | 1.79% | 454,801 | $20.6M | Reduce -2.1% |
| CMCSA Comcast Corp. Class A | 1.75% | 565,135 | $20.2M | Reduce -2.9% |
| AVY Avery Dennison Corp. | 1.64% | 107,289 | $18.8M | Reduce -1.3% |
| UPS United Parcel Service Class B | 1.57% | 178,488 | $18.0M | Add +0.8% |
| RTX RTX Corp. | 1.51% | 118,968 | $17.4M | Reduce -1.4% |
| EMR Emerson Electric Co. | 1.30% | 111,805 | $14.9M | Reduce -0.7% |
| SWK Stanley Black & Decker Inc. | 1.22% | 206,255 | $14.0M | Reduce -3.7% |
| TFC Truist Financial Corp. | 1.18% | 316,401 | $13.6M | Reduce -0.0% |
| ACN Accenture PLC Class A | 0.97% | 37,435 | $11.2M | Reduce -0.7% |
| AAPL Apple Inc. | 0.88% | 49,055 | $10.1M | Reduce -2.0% |
| ADBE Adobe Inc. | 0.84% | 24,991 | $9.7M | Add +0.0% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.77% | 168,687 | $8.9M | Add +3.0% |
| XOM Exxon Mobil Corp. | 0.67% | 71,500 | $7.7M | Add +0.2% |
| OTIS Otis Worldwide Corp. | 0.58% | 67,230 | $6.7M | Reduce -1.5% |
| JNJ Johnson & Johnson | 0.58% | 43,423 | $6.6M | Add +1.8% |
| ABBV Abbvie Inc. | 0.53% | 32,740 | $6.1M | Reduce -0.9% |
| SPSB SS SPDR P St C Corp. ETF | 0.49% | 187,497 | $5.7M | Reduce -0.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.44% | 10,488 | $5.1M | Reduce -4.9% |
| NVDA Nvidia Corp. | 0.39% | 28,051 | $4.4M | Reduce -6.9% |
| CBRL Cracker Barrel Old Country | 0.36% | 68,488 | $4.2M | Reduce -8.7% |
| ABT Abbott Laboratories | 0.35% | 29,745 | $4.0M | Reduce -1.8% |
| JPM JPMorgan Chase & Co. | 0.35% | 13,954 | $4.0M | Reduce -5.1% |
| BND Vanguard Total Bond Market | 0.33% | 51,727 | $3.8M | Add +6.2% |
| T AT&T Inc. | 0.32% | 128,958 | $3.7M | Reduce -1.1% |
| HD Home Depot Inc. | 0.32% | 10,078 | $3.7M | No change |
| BMY Bristol-Myers Squibb Co. | 0.30% | 73,643 | $3.4M | Reduce -2.5% |
| ORI Old Republic Intl Corp. | 0.29% | 88,030 | $3.4M | Reduce -2.0% |
| VZ Verizon Communications Inc. | 0.29% | 77,046 | $3.3M | Reduce -3.3% |
| CXW Corecivic Inc. | 0.26% | 142,529 | $3.0M | No change |
| AMZN Amazon.com Inc. | 0.25% | 13,178 | $2.9M | Reduce -0.9% |
| BAX Baxter International Inc. | 0.25% | 94,373 | $2.9M | Reduce -10.8% |
| INTC Intel Corp. | 0.23% | 118,473 | $2.7M | Reduce -0.5% |
| PFE Pfizer Inc. | 0.22% | 104,435 | $2.5M | Add +0.6% |
| WM Waste Management Inc. | 0.22% | 10,851 | $2.5M | Reduce -2.0% |
| META Meta Platforms Inc. Class A | 0.20% | 3,160 | $2.3M | Reduce -1.2% |
| FHN First Horizon Corp. | 0.20% | 107,262 | $2.3M | No change |
| COST Costco Wholesale Corp. | 0.19% | 2,177 | $2.2M | No change |
| MCD McDonald's Corp. | 0.18% | 7,075 | $2.1M | Reduce -2.8% |
| NOV Nov Inc. | 0.17% | 160,735 | $2.0M | Reduce -3.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.16% | 3,053 | $1.9M | Reduce -0.2% |
| V Visa Inc. Class A | 0.16% | 5,142 | $1.8M | Reduce -1.1% |
| MAA Mid-America Apartment Comm | 0.16% | 12,213 | $1.8M | Reduce -3.3% |
| FDX FedEx Corp. | 0.15% | 7,452 | $1.7M | No change |
| CVX Chevron Corp. | 0.14% | 11,301 | $1.6M | No change |
| MS Morgan Stanley | 0.14% | 11,052 | $1.6M | Reduce -0.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.13% | 5,118 | $1.5M | Reduce -0.3% |
| PEP Pepsico Inc. | 0.13% | 10,930 | $1.4M | No change |
| AZO AutoZone Inc. | 0.12% | 383 | $1.4M | Reduce -0.5% |
| ED Consolidated Edison Inc. | 0.12% | 14,166 | $1.4M | Reduce -2.2% |
| GE General Electric filed as GE AEROSPACE | 0.12% | 5,422 | $1.4M | No change |
| KO The Coca-Cola Co. | 0.11% | 18,249 | $1.3M | Reduce -3.3% |
| SO The Southern Co. | 0.11% | 13,866 | $1.3M | Reduce -4.7% |
| ORCL Oracle Corp. | 0.10% | 5,325 | $1.2M | No change |
| JD Jd.com Inc.-ADR | 0.10% | 35,000 | $1.1M | No change |
| PM Philip Morris International | 0.10% | 6,227 | $1.1M | Reduce -2.8% |
| GOOGL Alphabet Inc. Class A | 0.09% | 6,116 | $1.1M | Add +0.1% |
| CSCO Cisco Systems Inc. | 0.09% | 15,115 | $1.0M | Reduce -0.2% |
| MRK Merck & Co. Inc. | 0.09% | 12,903 | $1.0M | Reduce -1.1% |
| MAR Marriott International Class A | 0.08% | 3,478 | $950K | No change |
| GOOG Alphabet Inc. Class C | 0.08% | 5,020 | $890K | Reduce -19.9% |
| DOW Dow Inc. | 0.08% | 33,104 | $877K | Add +1.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.07% | 16,384 | $775K | Reduce -0.1% |
| VTI VG Morningstar TS MKT ETF-US | 0.07% | 2,529 | $769K | Add +0.1% |
| SPOT Spotify Technology SA | 0.06% | 942 | $723K | Reduce -0.5% |
| MDLZ Mondelez International Inc. Class A | 0.06% | 10,632 | $717K | Reduce -0.4% |
| GEV GE Vernova Inc. | 0.06% | 1,346 | $712K | No change |
| MO Altria Group Inc. | 0.06% | 11,929 | $699K | Reduce -2.1% |
| DD Dupont DE Nemours Inc. | 0.06% | 10,098 | $693K | Reduce -2.1% |
| CTVA Corteva Inc. | 0.06% | 8,915 | $664K | Reduce -3.4% |
| C Citigroup Inc. | 0.06% | 7,548 | $642K | No change |
| IVV iShares Core S&P 500 ETF | 0.06% | 1,029 | $639K | No change |
| CL Colgate-Palmolive Co. | 0.05% | 6,897 | $627K | No change |
| FAST Fastenal Co. | 0.05% | 14,400 | $605K | No change |
| DE Deere & Co. | 0.05% | 1,128 | $574K | Reduce -0.9% |
| ADP Automatic Data Processing | 0.05% | 1,836 | $566K | No change |
| PLD Prologis Inc. | 0.05% | 5,124 | $539K | No change |
| EPD Enterprise Products Partners | 0.04% | 16,397 | $508K | Reduce -0.2% |
| LLY Eli Lilly & Co. | 0.04% | 644 | $502K | Reduce -1.5% |
| VMI Valmont Industries | 0.04% | 1,522 | $497K | No change |
| PNC PNC Financial Services Group | 0.04% | 2,595 | $484K | Reduce -0.5% |
| UFPI Ufp Industries Inc. | 0.04% | 4,758 | $473K | No change |
| AXP American Express Co. | 0.04% | 1,481 | $472K | No change |
| NSC Norfolk Southern Corp. | 0.04% | 1,818 | $465K | No change |
| ZTS Zoetis Inc. | 0.04% | 2,905 | $453K | Reduce -5.9% |
Other holdings (3): bonds, preferreds, convertibles and warrants · $215K (not counted above)
Lines left out (1) · $1 — a value with no share or principal amount
| Security | Class | Shares | Value |
|---|---|---|---|
| BNDX Vanguard Total Intl Bond ETF | TOTAL INT BD ETF | 0 | $1 |
Filed with a value but no share or principal amount (a cash line, a holding rounded to 0 shares), so they are kept out of the holdings, totals and percentages.
Total filed on the 13F, all lines: $1.2B.
Portfolio Sells Q1 2025 → Q2 2025
| LOW Lowe's Cos Inc. | Reduce -1.0% | 4.51% | −0.72 |
| PG The Procter & Gamble Co. | Reduce -1.5% | 3.21% | −0.59 |
| SWK Stanley Black & Decker Inc. | Reduce -3.7% | 1.22% | −0.35 |
| SPGI S&P Global Inc. | Reduce -0.3% | 5.77% | −0.32 |
| CMCSA Comcast Corp. Class A | Reduce -2.9% | 1.75% | −0.29 |
| SYY Sysco Corp. | Reduce -1.6% | 2.63% | −0.26 |
| AVY Avery Dennison Corp. | Reduce -1.3% | 1.64% | −0.20 |
| AAPL Apple Inc. | Reduce -2.0% | 0.88% | −0.18 |
| ENB Enbridge Inc. | Reduce -2.1% | 1.79% | −0.16 |
| ACN Accenture PLC Class A | Reduce -0.7% | 0.97% | −0.14 |
| BMY Bristol-Myers Squibb Co. | Reduce -2.5% | 0.30% | −0.14 |
| ABBV Abbvie Inc. | Reduce -0.9% | 0.53% | −0.13 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -4.9% | 0.44% | −0.11 |
| BAX Baxter International Inc. | Reduce -10.8% | 0.25% | −0.10 |
| OTIS Otis Worldwide Corp. | Reduce -1.5% | 0.58% | −0.09 |
| ECL Ecolab Inc. | Reduce -1.1% | 1.85% | −0.07 |
| NOV Nov Inc. | Reduce -3.4% | 0.17% | −0.07 |
| TFC Truist Financial Corp. | Reduce -0.0% | 1.18% | −0.05 |
| VZ Verizon Communications Inc. | Reduce -3.3% | 0.29% | −0.05 |
| SPSB SS SPDR P St C Corp. ETF | Reduce -0.6% | 0.49% | −0.05 |
| BNY Bank of New York Mellon Corp. | Reduce -1.5% | 2.32% | −0.05 |
| MAA Mid-America Apartment Comm | Reduce -3.3% | 0.16% | −0.04 |
| ORI Old Republic Intl Corp. | Reduce -2.0% | 0.29% | −0.04 |
| MCD McDonald's Corp. | Reduce -2.8% | 0.18% | −0.04 |
| ABT Abbott Laboratories | Reduce -1.8% | 0.35% | −0.03 |
| ED Consolidated Edison Inc. | Reduce -2.2% | 0.12% | −0.03 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -99.8% | 0.00% | −0.03 |
| WM Waste Management Inc. | Reduce -2.0% | 0.22% | −0.03 |
| INTC Intel Corp. | Reduce -0.5% | 0.23% | −0.03 |
| T AT&T Inc. | Reduce -1.1% | 0.32% | −0.03 |
| HON Honeywell International Inc. | Reduce -1.3% | 4.13% | −0.02 |
| MRK Merck & Co. Inc. | Reduce -1.1% | 0.09% | −0.02 |
| COP Conocophillips | Reduce -73.0% | 0.00% | −0.02 |
| SO The Southern Co. | Reduce -4.7% | 0.11% | −0.02 |
| KO The Coca-Cola Co. | Reduce -3.3% | 0.11% | −0.02 |
| AZO AutoZone Inc. | Reduce -0.5% | 0.12% | −0.02 |
| GOOG Alphabet Inc. Class C | Reduce -19.9% | 0.08% | −0.02 |
| V Visa Inc. Class A | Reduce -1.1% | 0.16% | −0.01 |
| DD Dupont DE Nemours Inc. | Reduce -2.1% | 0.06% | −0.01 |
| EPD Enterprise Products Partners | Reduce -0.2% | 0.04% | −0.01 |
| ZTS Zoetis Inc. | Reduce -5.9% | 0.04% | −0.01 |
| MO Altria Group Inc. | Reduce -2.1% | 0.06% | −0.01 |
| WY Weyerhaeuser Co. | Reduce -0.1% | 0.03% | −0.01 |
| LLY Eli Lilly & Co. | Reduce -1.5% | 0.04% | −0.01 |
| UNP Union Pacific Corp. | Reduce -7.5% | 0.03% | −0.01 |
| MDLZ Mondelez International Inc. Class A | Reduce -0.4% | 0.06% | −0.01 |
| RTX RTX Corp. | Reduce -1.4% | 1.51% | −0.01 |
| AFL Aflac Inc. | Reduce -3.6% | 0.03% | −0.01 |
| DFUV Dimensional US Marketwide Va | Sold out | 0.00% | −0.01 |
| FAF First American Financial | Reduce -0.5% | 0.03% | −0.01 |
Portfolio Buys Q1 2025 → Q2 2025
| BDX Becton Dickinson and Co. | Add +46.5% | 1.80% | +0.02 |
| BIP Brookfield Infrastructure Pa | Add +3263.4% | 0.01% | +0.01 |
| KMI Kinder Morgan Inc. | Add +163.9% | 0.01% | +0.01 |
| ARCC Ares Capital Corp. | Add +389.1% | 0.01% | +0.01 |
| UI Ubiquiti Inc. | Add +0.1% | 0.03% | +0.01 |
| GDX Vaneck Gold Miners ETF | New | 0.01% | +0.01 |
| GOOGL Alphabet Inc. Class A | Add +0.1% | 0.09% | +0.00 |
| WPM Wheaton Precious Metals Corp. | New | 0.00% | +0.00 |
| AG First Majestic Silver Corp. | New | 0.00% | +0.00 |
| TSLA Tesla Inc. | Add +4.7% | 0.01% | +0.00 |
| BIPC Brookfield Infrastructure-A | Add +3375.0% | 0.00% | +0.00 |
| SHY iShares 1-3 Year Treasury Bo | New | 0.00% | +0.00 |
| VTI VG Morningstar TS MKT ETF-US | Add +0.1% | 0.07% | +0.00 |
| AVXL Anavex Life Sciences Corp. | Add +9.1% | 0.01% | +0.00 |
| SLV iShares Silver Trust | Add +60.6% | 0.00% | +0.00 |
| RKLB Rocket Lab Corp. | New | 0.00% | +0.00 |
| MOS The Mosaic Co. | New | 0.00% | +0.00 |
| PAAS Pan American Silver Corp. | New | 0.00% | +0.00 |
| VG Venture Global Inc. Class A | New | 0.00% | +0.00 |
| CLF Cleveland-Cliffs Inc. | New | 0.00% | +0.00 |
| MJ Amplify Alternat Harvest ETF | New | 0.00% | 0.00 |
| SCHB Schwab US Broad Market ETF | Add +0.5% | 0.00% | 0.00 |
| EJH E-Home Household Service | New | 0.00% | 0.00 |
| VNQ Vanguard Real Estate ETF | Add +0.8% | 0.00% | −0.00 |
| SCHD Schwab US DVD Equity ETF | Add +0.5% | 0.02% | −0.00 |
| KHC The Kraft Heinz Co. | Add +8.9% | 0.03% | −0.01 |
| BND Vanguard Total Bond Market | Add +6.2% | 0.33% | −0.01 |
| PFE Pfizer Inc. | Add +0.6% | 0.22% | −0.03 |
| DOW Dow Inc. | Add +1.6% | 0.08% | −0.03 |
| IGSB iShares 1-5Y Inv Grade Corp. | Add +3.0% | 0.77% | −0.04 |
| ADBE Adobe Inc. | Add +0.0% | 0.84% | −0.07 |
| JNJ Johnson & Johnson | Add +1.8% | 0.58% | −0.09 |
| XOM Exxon Mobil Corp. | Add +0.2% | 0.67% | −0.14 |
| UPS United Parcel Service Class B | Add +0.8% | 1.57% | −0.28 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 596 | $1.2B | MSFT, GS, ETN, CAT, WMT |
| Q1 2026 | 592 | $1.1B | MSFT, GS, WMT, SPGI, LOW |
| Q4 2025 | 597 | $1.2B | MSFT, GS, SPGI, LOW, WMT |
| Q3 2025 | 607 | $1.2B | MSFT, GS, SPGI, LOW, ETN |
| Q2 2025 | 599 | $1.1B | MSFT, SPGI, GS, LOW, ETN |
| Q1 2025 | 602 | $1.1B | MSFT, SPGI, LOW, WMT, GS |
| Q4 2024 | 615 | $1.1B | MSFT, SPGI, LOW, GS, ETN |
| Q3 2024 | 616 | $1.2B | MSFT, SPGI, LOW, ETN, WMT |
| Q2 2024 | 625 | $1.1B | MSFT, SPGI, LOW, ETN, HON |
| Q1 2024 | 653 | $1.1B | MSFT, LOW, SPGI, ETN, HON |