Delta Asset Management LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 4, 2025), Delta Asset Management LLC reported 607 stock positions worth $1.2 billion. Its top holding was Microsoft (MSFT) at 18.7% of the portfolio, followed by Goldman Sachs (GS, 5.4%) and S&P Global (SPGI, 5.2%). Compared with Q2 2025, it opened 17 new positions, sold out of 11, added to 58 and reduced 95. The biggest buy was Becton Dickinson and (BDX, shares +0%) and the biggest sale S&P Global (SPGI, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- MEMPHIS, TN
- CIK
- 0000860857
- Portfolio Value
- $1.2B (Q3 2025)
- SEC Filing
- 0000860857-25-000003 ↗ filed Nov 4, 2025
Holdings Value
Holdings 607 stocks · $1.2B
| MSFT Microsoft Corp. | 18.66% | 424,627 | $219.9M | Reduce -0.6% |
| GS Goldman Sachs Group Inc. | 5.37% | 79,509 | $63.3M | Reduce -1.5% |
| SPGI S&P Global Inc. | 5.18% | 125,379 | $61.0M | Reduce -0.4% |
| LOW Lowe's Cos Inc. | 4.96% | 232,514 | $58.4M | Reduce -0.4% |
| ETN Eaton Corp. PLC | 4.46% | 140,461 | $52.6M | Reduce -0.0% |
| WMT Walmart Inc. | 4.33% | 495,406 | $51.1M | Reduce -0.7% |
| HON Honeywell International Inc. | 3.65% | 204,601 | $43.1M | Add +0.3% |
| PG The Procter & Gamble Co. | 3.01% | 230,999 | $35.5M | Reduce -0.2% |
| WFC Wells Fargo & Co. | 2.96% | 416,212 | $34.9M | Reduce -0.7% |
| SYY Sysco Corp. | 2.77% | 396,171 | $32.6M | Reduce -0.7% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 2.68% | 289,527 | $31.5M | Reduce -1.0% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 2.61% | 268,620 | $30.8M | Reduce -1.4% |
| CARR Carrier Global Corp. | 2.48% | 490,246 | $29.3M | Add +0.0% |
| CAT Caterpillar Inc. | 2.32% | 57,331 | $27.4M | Reduce -0.7% |
| ENB Enbridge Inc. | 1.94% | 454,174 | $22.9M | Reduce -0.1% |
| BDX Becton Dickinson and Co. | 1.91% | 120,386 | $22.5M | Add +0.2% |
| ECL Ecolab Inc. | 1.83% | 78,952 | $21.6M | Reduce -0.2% |
| RTX RTX Corp. | 1.68% | 118,573 | $19.8M | Reduce -0.3% |
| CMCSA Comcast Corp. Class A | 1.48% | 555,897 | $17.5M | Reduce -1.6% |
| AVY Avery Dennison Corp. | 1.47% | 107,067 | $17.4M | Reduce -0.2% |
| UPS United Parcel Service Class B | 1.32% | 186,779 | $15.6M | Add +4.7% |
| SWK Stanley Black & Decker Inc. | 1.26% | 200,523 | $14.9M | Reduce -2.8% |
| EMR Emerson Electric Co. | 1.24% | 111,720 | $14.7M | Reduce -0.1% |
| TFC Truist Financial Corp. | 1.22% | 315,522 | $14.4M | Reduce -0.3% |
| AAPL Apple Inc. | 1.06% | 48,915 | $12.5M | Reduce -0.3% |
| ACN Accenture PLC Class A | 0.80% | 38,226 | $9.4M | Add +2.1% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.80% | 177,107 | $9.4M | Add +5.0% |
| ADBE Adobe Inc. | 0.77% | 25,613 | $9.0M | Add +2.5% |
| XOM Exxon Mobil Corp. | 0.69% | 71,713 | $8.1M | Add +0.3% |
| JNJ Johnson & Johnson | 0.67% | 42,316 | $7.8M | Reduce -2.5% |
| ABBV Abbvie Inc. | 0.64% | 32,699 | $7.6M | Reduce -0.1% |
| OTIS Otis Worldwide Corp. | 0.55% | 70,289 | $6.4M | Add +4.5% |
| SPSB SS SPDR P St C Corp. ETF | 0.48% | 186,044 | $5.6M | Reduce -0.8% |
| NVDA Nvidia Corp. | 0.45% | 28,116 | $5.2M | Add +0.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.44% | 10,220 | $5.1M | Reduce -2.6% |
| JPM JPMorgan Chase & Co. | 0.37% | 13,903 | $4.4M | Reduce -0.4% |
| BND Vanguard Total Bond Market | 0.36% | 57,152 | $4.3M | Add +10.5% |
| HD Home Depot Inc. | 0.35% | 10,201 | $4.1M | Add +1.2% |
| ABT Abbott Laboratories | 0.34% | 29,707 | $4.0M | Reduce -0.1% |
| INTC Intel Corp. | 0.32% | 114,016 | $3.8M | Reduce -3.8% |
| ORI Old Republic Intl Corp. | 0.31% | 86,920 | $3.7M | Reduce -1.3% |
| T AT&T Inc. | 0.31% | 127,933 | $3.6M | Reduce -0.8% |
| BMY Bristol-Myers Squibb Co. | 0.29% | 74,798 | $3.4M | Add +1.6% |
| VZ Verizon Communications Inc. | 0.28% | 74,192 | $3.3M | Reduce -3.7% |
| CXW Corecivic Inc. | 0.25% | 142,529 | $2.9M | No change |
| AMZN Amazon.com Inc. | 0.25% | 13,189 | $2.9M | Add +0.1% |
| CBRL Cracker Barrel Old Country | 0.24% | 62,988 | $2.8M | Reduce -8.0% |
| PFE Pfizer Inc. | 0.23% | 104,953 | $2.7M | Add +0.5% |
| FHN First Horizon Corp. | 0.21% | 107,597 | $2.4M | Add +0.3% |
| WM Waste Management Inc. | 0.20% | 10,849 | $2.4M | Reduce -0.0% |
| META Meta Platforms Inc. Class A | 0.20% | 3,173 | $2.3M | Add +0.4% |
| MCD McDonald's Corp. | 0.18% | 7,035 | $2.1M | Reduce -0.6% |
| NOV Nov Inc. | 0.18% | 157,681 | $2.1M | Reduce -1.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.18% | 3,109 | $2.1M | Add +1.8% |
| COST Costco Wholesale Corp. | 0.17% | 2,146 | $2.0M | Reduce -1.4% |
| BAX Baxter International Inc. | 0.16% | 84,289 | $1.9M | Reduce -10.7% |
| FDX FedEx Corp. | 0.15% | 7,451 | $1.8M | Reduce -0.0% |
| MS Morgan Stanley | 0.15% | 11,042 | $1.8M | Reduce -0.1% |
| MAA Mid-America Apartment Comm | 0.15% | 12,484 | $1.7M | Add +2.2% |
| CVX Chevron Corp. | 0.14% | 10,658 | $1.7M | Reduce -5.7% |
| AZO AutoZone Inc. | 0.14% | 383 | $1.6M | No change |
| GE General Electric filed as GE AEROSPACE | 0.14% | 5,402 | $1.6M | Reduce -0.4% |
| V Visa Inc. Class A | 0.14% | 4,742 | $1.6M | Reduce -7.8% |
| PEP Pepsico Inc. | 0.13% | 11,000 | $1.5M | Add +0.6% |
| ORCL Oracle Corp. | 0.13% | 5,325 | $1.5M | No change |
| GOOGL Alphabet Inc. Class A | 0.13% | 6,153 | $1.5M | Add +0.6% |
| ED Consolidated Edison Inc. | 0.12% | 14,211 | $1.4M | Add +0.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.12% | 5,053 | $1.4M | Reduce -1.3% |
| SO The Southern Co. | 0.11% | 13,762 | $1.3M | Reduce -0.8% |
| KO The Coca-Cola Co. | 0.11% | 19,483 | $1.3M | Add +6.8% |
| JD Jd.com Inc.-ADR | 0.10% | 35,000 | $1.2M | No change |
| GOOG Alphabet Inc. Class C | 0.10% | 5,020 | $1.2M | No change |
| IVV iShares Core S&P 500 ETF | 0.09% | 1,634 | $1.1M | Add +58.8% |
| MRK Merck & Co. Inc. | 0.09% | 12,928 | $1.1M | Add +0.2% |
| CSCO Cisco Systems Inc. | 0.09% | 15,329 | $1.0M | Add +1.4% |
| PM Philip Morris International | 0.09% | 6,197 | $1.0M | Reduce -0.5% |
| MAR Marriott International Class A | 0.08% | 3,478 | $906K | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.07% | 16,384 | $845K | No change |
| VTI VG Morningstar TS MKT ETF-US | 0.07% | 2,529 | $830K | No change |
| GEV GE Vernova Inc. | 0.07% | 1,341 | $825K | Reduce -0.4% |
| MO Altria Group Inc. | 0.07% | 11,904 | $786K | Reduce -0.2% |
| DD Dupont DE Nemours Inc. | 0.07% | 10,088 | $786K | Reduce -0.1% |
| C Citigroup Inc. | 0.07% | 7,554 | $767K | Add +0.1% |
| DOW Dow Inc. | 0.06% | 31,415 | $720K | Reduce -5.1% |
| FAST Fastenal Co. | 0.06% | 14,400 | $706K | No change |
| SPOT Spotify Technology SA | 0.06% | 942 | $658K | No change |
| MDLZ Mondelez International Inc. Class A | 0.06% | 10,467 | $654K | Reduce -1.6% |
| CTVA Corteva Inc. | 0.05% | 8,833 | $597K | Reduce -0.9% |
| UI Ubiquiti Inc. | 0.05% | 902 | $596K | Reduce -1.2% |
| VMI Valmont Industries | 0.05% | 1,522 | $590K | No change |
| VOO Vanguard S&P 500 ETF | 0.05% | 944 | $578K | Add +27.1% |
| CL Colgate-Palmolive Co. | 0.05% | 6,897 | $551K | No change |
| NSC Norfolk Southern Corp. | 0.05% | 1,818 | $546K | No change |
| PLD Prologis Inc. | 0.05% | 4,678 | $536K | Reduce -8.7% |
| ADP Automatic Data Processing | 0.04% | 1,807 | $530K | Reduce -1.6% |
| PNC PNC Financial Services Group | 0.04% | 2,595 | $521K | No change |
| EPD Enterprise Products Partners | 0.04% | 16,397 | $513K | No change |
| AXP American Express Co. | 0.04% | 1,538 | $511K | Add +3.9% |
| DE Deere & Co. | 0.04% | 1,108 | $507K | Reduce -1.8% |
| LLY Eli Lilly & Co. | 0.04% | 661 | $504K | Add +2.6% |
Other holdings (4): bonds, preferreds, convertibles and warrants · $227K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| CORZZ Core Scientific Inc. - 29 | *W EXP 01/23/202 | 7,115 | $128K | No change |
| CORZW Core Scientific Inc. - 27 | *W EXP 01/23/202 | 8,539 | $99K | No change |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 3 | $77 | No change |
| COHEN & STEERS INFRASTRU | RIGHT 10/16/2025 | 150 | $12 | No change |
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 Q2 2025 → Q3 2025
| SPGI S&P Global Inc. | Reduce -0.4% | 5.18% | −0.59 |
| DIS The Walt Disney Co. | Reduce -1.4% | 2.61% | −0.33 |
| CMCSA Comcast Corp. Class A | Reduce -1.6% | 1.48% | −0.27 |
| PG The Procter & Gamble Co. | Reduce -0.2% | 3.01% | −0.20 |
| AVY Avery Dennison Corp. | Reduce -0.2% | 1.47% | −0.16 |
| CBRL Cracker Barrel Old Country | Reduce -8.0% | 0.24% | −0.13 |
| BAX Baxter International Inc. | Reduce -10.7% | 0.16% | −0.09 |
| EMR Emerson Electric Co. | Reduce -0.1% | 1.24% | −0.05 |
| V Visa Inc. Class A | Reduce -7.8% | 0.14% | −0.02 |
| COST Costco Wholesale Corp. | Reduce -1.4% | 0.17% | −0.02 |
| ECL Ecolab Inc. | Reduce -0.2% | 1.83% | −0.02 |
| T AT&T Inc. | Reduce -0.8% | 0.31% | −0.02 |
| DOW Dow Inc. | Reduce -5.1% | 0.06% | −0.02 |
| ABT Abbott Laboratories | Reduce -0.1% | 0.34% | −0.01 |
| SPSB SS SPDR P St C Corp. ETF | Reduce -0.8% | 0.48% | −0.01 |
| PM Philip Morris International | Reduce -0.5% | 0.09% | −0.01 |
| VZ Verizon Communications Inc. | Reduce -3.7% | 0.28% | −0.01 |
| WM Waste Management Inc. | Reduce -0.0% | 0.20% | −0.01 |
| IBM Intl Business Machines Corp. | Reduce -1.3% | 0.12% | −0.01 |
| ABNB Airbnb Inc. Class A | Reduce -47.1% | 0.01% | −0.01 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -2.6% | 0.44% | −0.01 |
| CTVA Corteva Inc. | Reduce -0.9% | 0.05% | −0.01 |
| DE Deere & Co. | Reduce -1.8% | 0.04% | −0.01 |
| MDLZ Mondelez International Inc. Class A | Reduce -1.6% | 0.06% | −0.01 |
| ADP Automatic Data Processing | Reduce -1.6% | 0.04% | −0.00 |
| OLO Olo Inc. Class A | Sold out | 0.00% | −0.00 |
| HES Hess Corp. | Sold out | 0.00% | −0.00 |
| LBRDK Liberty Broadband-C | Reduce -10.6% | 0.00% | −0.00 |
| NAD Nuveen Quality Municipal Inc. | Reduce -18.2% | 0.01% | −0.00 |
| PPG PPG Industries Inc. | Reduce -35.7% | 0.00% | −0.00 |
| UAL United Airlines Holdings Inc. | Reduce -25.0% | 0.01% | −0.00 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -20.4% | 0.01% | −0.00 |
| TGT Target Corp. | Reduce -12.9% | 0.01% | −0.00 |
| PLD Prologis Inc. | Reduce -8.7% | 0.05% | −0.00 |
| KMB Kimberly-Clark Corp. | Reduce -1.6% | 0.02% | −0.00 |
| ARCC Ares Capital Corp. | Reduce -1.2% | 0.01% | −0.00 |
| FRT Federal Realty Invs Trust | Reduce -22.3% | 0.00% | −0.00 |
| IP International Paper Co. | Reduce -29.7% | 0.00% | −0.00 |
| LBRDA Liberty Broadband-A | Reduce -10.0% | 0.00% | −0.00 |
| VEA Vanguard Ftse Developed ETF | Reduce -48.0% | 0.00% | −0.00 |
| CAH Cardinal Health Inc. | Reduce -1.4% | 0.00% | −0.00 |
| USB US Bancorp | Reduce -5.6% | 0.03% | −0.00 |
| SOUN Soundhound AI Inc. Class A | Sold out | 0.00% | −0.00 |
| CVX Chevron Corp. | Reduce -5.7% | 0.14% | −0.00 |
| AOR iShares Core 60/40 Balanced | Reduce -60.0% | 0.00% | −0.00 |
| AOK iShares Core 30/70 Conservat | Reduce -15.3% | 0.00% | −0.00 |
| MOS The Mosaic Co. | Sold out | 0.00% | −0.00 |
| PNW Pinnacle West Capital | Reduce -2.6% | 0.01% | −0.00 |
| TT Trane Technologies PLC | Reduce -1.0% | 0.00% | −0.00 |
| FWONA Liberty Media Corp. Class A | Reduce -10.0% | 0.00% | −0.00 |
Portfolio Buys Q2 2025 → Q3 2025
| BDX Becton Dickinson and Co. | Add +0.2% | 1.91% | +0.11 |
| NVDA Nvidia Corp. | Add +0.2% | 0.45% | +0.06 |
| IVV iShares Core S&P 500 ETF | Add +58.8% | 0.09% | +0.04 |
| GOOGL Alphabet Inc. Class A | Add +0.6% | 0.13% | +0.03 |
| HD Home Depot Inc. | Add +1.2% | 0.35% | +0.03 |
| BND Vanguard Total Bond Market | Add +10.5% | 0.36% | +0.03 |
| BIL SS SPDR BB 1-3M T-Bill ETF | New | 0.02% | +0.02 |
| IGSB iShares 1-5Y Inv Grade Corp. | Add +5.0% | 0.80% | +0.02 |
| XOM Exxon Mobil Corp. | Add +0.3% | 0.69% | +0.02 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +162.3% | 0.02% | +0.02 |
| VOO Vanguard S&P 500 ETF | Add +27.1% | 0.05% | +0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +1.8% | 0.18% | +0.01 |
| C Citigroup Inc. | Add +0.1% | 0.07% | +0.01 |
| AVLV Avantis US Large Cap Value | New | 0.01% | +0.01 |
| FHN First Horizon Corp. | Add +0.3% | 0.21% | +0.01 |
| PFE Pfizer Inc. | Add +0.5% | 0.23% | +0.01 |
| QQQ Invesco QQQ Trust Series 1 | Add +13.4% | 0.04% | +0.01 |
| PLTR Palantir Technologies Inc. Class A | Add +0.6% | 0.02% | +0.01 |
| PEP Pepsico Inc. | Add +0.6% | 0.13% | +0.01 |
| SGOV iShares 0-3 Month Treasury B | New | 0.01% | +0.01 |
| RSP Invesco S&P 500 Equal Weight | New | 0.01% | +0.01 |
| TSLA Tesla Inc. | Add +3.8% | 0.02% | +0.00 |
| VIG Vanguard Dividend Apprec ETF | New | 0.00% | +0.00 |
| MRK Merck & Co. Inc. | Add +0.2% | 0.09% | +0.00 |
| SCHG Schwab US Large-Cap Growth | Add +1.3% | 0.04% | +0.00 |
| GLW Corning Inc. | Add +3.8% | 0.01% | +0.00 |
| MCK McKesson Corp. | Add +26.9% | 0.01% | +0.00 |
| AXP American Express Co. | Add +3.9% | 0.04% | +0.00 |
| TSM Taiwan Semiconductor-SP ADR | Add +50.0% | 0.00% | +0.00 |
| GBTC Grayscale Bitcoin Trust ETF | Add +26.3% | 0.00% | +0.00 |
| GSK GSK PLC-Spon ADR | Add +4.7% | 0.01% | +0.00 |
| TMUS T-Mobile US Inc. | Add +35.6% | 0.00% | +0.00 |
| OMC Omnicom Group | New | 0.00% | +0.00 |
| SCHW Schwab (charles) Corp. | Add +12.7% | 0.01% | +0.00 |
| D Dominion Energy Inc. | Add +0.6% | 0.01% | +0.00 |
| ETHE Grayscale Ethereum Staking E | Add +5000.0% | 0.00% | +0.00 |
| TRV The Travelers Cos Inc. | Add +0.2% | 0.03% | +0.00 |
| CRWV Coreweave Inc. Class A | New | 0.00% | +0.00 |
| UNH Unitedhealth Group Inc. | Add +2.1% | 0.01% | +0.00 |
| BA The Boeing Co. | Add +14.7% | 0.00% | +0.00 |
| DELL Dell Technologies -C | Add +38.8% | 0.00% | +0.00 |
| AIFC AI Financial Corp. | New | 0.00% | +0.00 |
| KHC The Kraft Heinz Co. | Add +2.7% | 0.03% | +0.00 |
| CART Maplebear Inc. | New | 0.00% | +0.00 |
| PAYC Paycom Software Inc. | New | 0.00% | +0.00 |
| UWMC Uwm Holdings Corp. | New | 0.00% | +0.00 |
| AVXL Anavex Life Sciences Corp. | Add +8.3% | 0.01% | +0.00 |
| SE Sea Ltd.-ADR | New | 0.00% | +0.00 |
| ETH Grayscale Ethereum Staking M | New | 0.00% | +0.00 |
| BTC Grayscale Bitcoin Mini ETF | Add +26.3% | 0.00% | +0.00 |
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 |