Delta Asset Management LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 9, 2026), Delta Asset Management LLC reported 597 stock positions worth $1.2 billion. Its top holding was Microsoft (MSFT) at 17.4% of the portfolio, followed by Goldman Sachs (GS, 5.9%) and S&P Global (SPGI, 5.6%). Compared with Q3 2025, it opened 6 new positions, sold out of 19, added to 39 and reduced 150. The biggest buy was Accenture Class A (ACN, shares +2%) and the biggest sale Microsoft (MSFT, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- MEMPHIS, TN
- CIK
- 0000860857
- Portfolio Value
- $1.2B (Q4 2025)
- SEC Filing
- 0000860857-26-000001 ↗ filed Feb 9, 2026
Holdings Value
Holdings 597 stocks · $1.2B
| MSFT Microsoft Corp. | 17.36% | 417,532 | $201.9M | Reduce -1.7% |
| GS Goldman Sachs Group Inc. | 5.88% | 77,835 | $68.4M | Reduce -2.1% |
| SPGI S&P Global Inc. | 5.57% | 124,036 | $64.8M | Reduce -1.1% |
| LOW Lowe's Cos Inc. | 4.79% | 231,193 | $55.8M | Reduce -0.6% |
| WMT Walmart Inc. | 4.71% | 491,938 | $54.8M | Reduce -0.7% |
| ETN Eaton Corp. PLC | 3.81% | 139,213 | $44.3M | Reduce -0.9% |
| HON Honeywell International Inc. | 3.42% | 203,875 | $39.8M | Reduce -0.3% |
| WFC Wells Fargo & Co. | 3.30% | 411,870 | $38.4M | Reduce -1.0% |
| PG The Procter & Gamble Co. | 2.88% | 233,832 | $33.5M | Add +1.2% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 2.85% | 285,332 | $33.1M | Reduce -1.4% |
| CAT Caterpillar Inc. | 2.75% | 55,769 | $31.9M | Reduce -2.7% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 2.57% | 262,747 | $29.9M | Reduce -2.2% |
| SYY Sysco Corp. | 2.49% | 393,641 | $29.0M | Reduce -0.6% |
| CARR Carrier Global Corp. | 2.23% | 490,977 | $25.9M | Add +0.1% |
| BDX Becton Dickinson and Co. | 1.99% | 119,509 | $23.2M | Reduce -0.7% |
| RTX RTX Corp. | 1.85% | 117,235 | $21.5M | Reduce -1.1% |
| ENB Enbridge Inc. | 1.85% | 449,365 | $21.5M | Reduce -1.1% |
| ECL Ecolab Inc. | 1.77% | 78,253 | $20.5M | Reduce -0.9% |
| AVY Avery Dennison Corp. | 1.67% | 106,551 | $19.4M | Reduce -0.5% |
| UPS United Parcel Service Class B | 1.57% | 184,500 | $18.3M | Reduce -1.2% |
| CMCSA Comcast Corp. Class A | 1.35% | 527,099 | $15.8M | Reduce -5.2% |
| TFC Truist Financial Corp. | 1.30% | 307,444 | $15.1M | Reduce -2.6% |
| EMR Emerson Electric Co. | 1.27% | 110,940 | $14.7M | Reduce -0.7% |
| SWK Stanley Black & Decker Inc. | 1.23% | 192,682 | $14.3M | Reduce -3.9% |
| AAPL Apple Inc. | 1.13% | 48,373 | $13.2M | Reduce -1.1% |
| ACN Accenture PLC Class A | 0.90% | 39,029 | $10.5M | Add +2.1% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.84% | 184,391 | $9.8M | Add +4.1% |
| ADBE Adobe Inc. | 0.78% | 25,927 | $9.1M | Add +1.2% |
| JNJ Johnson & Johnson | 0.74% | 41,847 | $8.7M | Reduce -1.1% |
| XOM Exxon Mobil Corp. | 0.74% | 71,204 | $8.6M | Reduce -0.7% |
| ABBV Abbvie Inc. | 0.61% | 31,090 | $7.1M | Reduce -4.9% |
| OTIS Otis Worldwide Corp. | 0.52% | 69,708 | $6.1M | Reduce -0.8% |
| SPSB SS SPDR P St C Corp. ETF | 0.50% | 191,187 | $5.8M | Add +2.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.43% | 9,997 | $5.0M | Reduce -2.2% |
| NVDA Nvidia Corp. | 0.42% | 26,197 | $4.9M | Reduce -6.8% |
| BND Vanguard Total Bond Market | 0.39% | 61,263 | $4.5M | Add +7.2% |
| JPM JPMorgan Chase & Co. | 0.38% | 13,746 | $4.4M | Reduce -1.1% |
| BMY Bristol-Myers Squibb Co. | 0.35% | 76,239 | $4.1M | Add +1.9% |
| INTC Intel Corp. | 0.35% | 110,661 | $4.1M | Reduce -2.9% |
| ORI Old Republic Intl Corp. | 0.33% | 85,080 | $3.9M | Reduce -2.1% |
| ABT Abbott Laboratories | 0.31% | 29,095 | $3.6M | Reduce -2.1% |
| HD Home Depot Inc. | 0.30% | 10,152 | $3.5M | Reduce -0.5% |
| T AT&T Inc. | 0.27% | 126,849 | $3.2M | Reduce -0.8% |
| AMZN Amazon.com Inc. | 0.26% | 13,089 | $3.0M | Reduce -0.8% |
| VZ Verizon Communications Inc. | 0.25% | 70,660 | $2.9M | Reduce -4.8% |
| CXW Corecivic Inc. | 0.23% | 142,529 | $2.7M | No change |
| FHN First Horizon Corp. | 0.22% | 107,599 | $2.6M | Add +0.0% |
| PFE Pfizer Inc. | 0.22% | 102,431 | $2.6M | Reduce -2.4% |
| SOLS Solstice Adv Materials Inc. | 0.21% | 50,271 | $2.4M | Reduce -1.7% |
| NOV Nov Inc. | 0.21% | 154,509 | $2.4M | Reduce -2.0% |
| WM Waste Management Inc. | 0.20% | 10,821 | $2.4M | Reduce -0.3% |
| FDX FedEx Corp. | 0.18% | 7,451 | $2.2M | No change |
| MCD McDonald's Corp. | 0.18% | 7,019 | $2.1M | Reduce -0.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.18% | 3,118 | $2.1M | Add +0.3% |
| META Meta Platforms Inc. Class A | 0.18% | 3,173 | $2.1M | No change |
| MS Morgan Stanley | 0.17% | 10,987 | $2.0M | Reduce -0.5% |
| GOOGL Alphabet Inc. Class A | 0.17% | 6,158 | $1.9M | Add +0.1% |
| COST Costco Wholesale Corp. | 0.16% | 2,137 | $1.8M | Reduce -0.4% |
| MAA Mid-America Apartment Comm | 0.15% | 12,844 | $1.8M | Add +2.9% |
| V Visa Inc. Class A | 0.14% | 4,708 | $1.7M | Reduce -0.7% |
| GE General Electric filed as GE AEROSPACE | 0.14% | 5,318 | $1.6M | Reduce -1.6% |
| CVX Chevron Corp. | 0.14% | 10,509 | $1.6M | Reduce -1.4% |
| PEP Pepsico Inc. | 0.13% | 10,876 | $1.6M | Reduce -1.1% |
| GOOG Alphabet Inc. Class C | 0.13% | 4,756 | $1.5M | Reduce -5.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.13% | 5,028 | $1.5M | Reduce -0.5% |
| ED Consolidated Edison Inc. | 0.12% | 14,075 | $1.4M | Reduce -1.0% |
| KO The Coca-Cola Co. | 0.12% | 19,410 | $1.4M | Reduce -0.4% |
| CBRL Cracker Barrel Old Country | 0.11% | 51,943 | $1.3M | Reduce -17.5% |
| AZO AutoZone Inc. | 0.11% | 383 | $1.3M | No change |
| MRK Merck & Co. Inc. | 0.11% | 12,288 | $1.3M | Reduce -5.0% |
| BAX Baxter International Inc. | 0.11% | 66,454 | $1.3M | Reduce -21.2% |
| CSCO Cisco Systems Inc. | 0.10% | 15,239 | $1.2M | Reduce -0.6% |
| SO The Southern Co. | 0.10% | 12,968 | $1.1M | Reduce -5.8% |
| MAR Marriott International Class A | 0.09% | 3,453 | $1.1M | Reduce -0.7% |
| ORCL Oracle Corp. | 0.09% | 5,338 | $1.0M | Add +0.2% |
| JD Jd.com Inc.-ADR | 0.09% | 35,000 | $1.0M | No change |
| PM Philip Morris International | 0.09% | 6,167 | $989K | Reduce -0.5% |
| IVV iShares Core S&P 500 ETF | 0.08% | 1,420 | $973K | Reduce -13.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.08% | 16,349 | $899K | Reduce -0.2% |
| C Citigroup Inc. | 0.08% | 7,554 | $881K | No change |
| GEV GE Vernova Inc. | 0.08% | 1,341 | $876K | No change |
| VTI VG Morningstar TS MKT ETF-US | 0.07% | 2,528 | $848K | Reduce -0.0% |
| LLY Eli Lilly & Co. | 0.06% | 661 | $710K | No change |
| MO Altria Group Inc. | 0.06% | 11,748 | $677K | Reduce -1.3% |
| DOW Dow Inc. | 0.05% | 26,463 | $619K | Reduce -15.8% |
| VMI Valmont Industries | 0.05% | 1,522 | $612K | No change |
| VOO Vanguard S&P 500 ETF | 0.05% | 964 | $605K | Add +2.1% |
| PLD Prologis Inc. | 0.05% | 4,678 | $597K | No change |
| CTVA Corteva Inc. | 0.05% | 8,705 | $583K | Reduce -1.4% |
| FAST Fastenal Co. | 0.05% | 14,400 | $578K | No change |
| AXP American Express Co. | 0.05% | 1,538 | $569K | No change |
| MDLZ Mondelez International Inc. Class A | 0.05% | 10,243 | $551K | Reduce -2.1% |
| CL Colgate-Palmolive Co. | 0.05% | 6,897 | $545K | No change |
| SPOT Spotify Technology SA | 0.05% | 937 | $544K | Reduce -0.5% |
| PNC PNC Financial Services Group | 0.05% | 2,545 | $531K | Reduce -1.9% |
| EPD Enterprise Products Partners | 0.04% | 16,172 | $518K | Reduce -1.4% |
| NSC Norfolk Southern Corp. | 0.04% | 1,778 | $513K | Reduce -2.2% |
| UI Ubiquiti Inc. | 0.04% | 903 | $500K | Add +0.1% |
| SCHG Schwab US Large-Cap Growth | 0.04% | 15,054 | $491K | Add +1.8% |
| RF Regions Financial Corp. | 0.04% | 18,034 | $489K | No change |
Other holdings (3): bonds, preferreds, convertibles and warrants · $176K (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 Q3 2025 → Q4 2025
| MSFT Microsoft Corp. | Reduce -1.7% | 17.36% | −1.31 |
| ETN Eaton Corp. PLC | Reduce -0.9% | 3.81% | −0.65 |
| SYY Sysco Corp. | Reduce -0.6% | 2.49% | −0.27 |
| HON Honeywell International Inc. | Reduce -0.3% | 3.42% | −0.24 |
| LOW Lowe's Cos Inc. | Reduce -0.6% | 4.79% | −0.17 |
| CMCSA Comcast Corp. Class A | Reduce -5.2% | 1.35% | −0.13 |
| CBRL Cracker Barrel Old Country | Reduce -17.5% | 0.11% | −0.12 |
| ENB Enbridge Inc. | Reduce -1.1% | 1.85% | −0.10 |
| ECL Ecolab Inc. | Reduce -0.9% | 1.77% | −0.07 |
| BAX Baxter International Inc. | Reduce -21.2% | 0.11% | −0.05 |
| HD Home Depot Inc. | Reduce -0.5% | 0.30% | −0.05 |
| DIS The Walt Disney Co. | Reduce -2.2% | 2.57% | −0.04 |
| DD Dupont DE Nemours Inc. | Reduce -16.2% | 0.03% | −0.04 |
| T AT&T Inc. | Reduce -0.8% | 0.27% | −0.04 |
| SWK Stanley Black & Decker Inc. | Reduce -3.9% | 1.23% | −0.03 |
| ABBV Abbvie Inc. | Reduce -4.9% | 0.61% | −0.03 |
| VZ Verizon Communications Inc. | Reduce -4.8% | 0.25% | −0.03 |
| NVDA Nvidia Corp. | Reduce -6.8% | 0.42% | −0.03 |
| ABT Abbott Laboratories | Reduce -2.1% | 0.31% | −0.02 |
| OTIS Otis Worldwide Corp. | Reduce -0.8% | 0.52% | −0.02 |
| IWB iShares Russell 1000 ETF | Reduce -63.2% | 0.01% | −0.02 |
| ZTS Zoetis Inc. | Reduce -31.0% | 0.02% | −0.01 |
| SO The Southern Co. | Reduce -5.8% | 0.10% | −0.01 |
| PLTR Palantir Technologies Inc. Class A | Reduce -45.0% | 0.01% | −0.01 |
| COST Costco Wholesale Corp. | Reduce -0.4% | 0.16% | −0.01 |
| IVV iShares Core S&P 500 ETF | Reduce -13.1% | 0.08% | −0.01 |
| SPOT Spotify Technology SA | Reduce -0.5% | 0.05% | −0.01 |
| ELV Elevance Health Inc. | Reduce -87.8% | 0.00% | −0.01 |
| MO Altria Group Inc. | Reduce -1.3% | 0.06% | −0.01 |
| MDLZ Mondelez International Inc. Class A | Reduce -2.1% | 0.05% | −0.01 |
| DOW Dow Inc. | Reduce -15.8% | 0.05% | −0.01 |
| PFE Pfizer Inc. | Reduce -2.4% | 0.22% | −0.01 |
| FUN Six Flags Entertainment Corp. | Reduce -1.1% | 0.02% | −0.01 |
| ADP Automatic Data Processing | Reduce -5.5% | 0.04% | −0.01 |
| UTZ Utz Brands Inc. | Sold out | 0.00% | −0.01 |
| NU Nu Holdings Ltd./Cayman Isl-A | Reduce -35.7% | 0.01% | −0.00 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -2.2% | 0.43% | −0.00 |
| VIG Vanguard Dividend Apprec ETF | Sold out | 0.00% | −0.00 |
| PAYX Paychex Inc. | Reduce -27.2% | 0.01% | −0.00 |
| IWM iShares Russell 2000 ETF | Reduce -82.9% | 0.00% | −0.00 |
| CVX Chevron Corp. | Reduce -1.4% | 0.14% | −0.00 |
| KHC The Kraft Heinz Co. | Reduce -3.0% | 0.03% | −0.00 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Sold out | 0.00% | −0.00 |
| WY Weyerhaeuser Co. | Reduce -4.9% | 0.03% | −0.00 |
| ALL Allstate Corp. | Reduce -6.1% | 0.03% | −0.00 |
| NSC Norfolk Southern Corp. | Reduce -2.2% | 0.04% | −0.00 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -66.7% | 0.00% | −0.00 |
| PANW Palo Alto Networks Inc. | Reduce -28.8% | 0.00% | −0.00 |
| VCIT Vanguard Int-Term Corporate | Reduce -28.0% | 0.00% | −0.00 |
| NTRS Northern Trust Corp. | Reduce -28.3% | 0.00% | −0.00 |
Portfolio Buys Q3 2025 → Q4 2025
| ACN Accenture PLC Class A | Add +2.1% | 0.90% | +0.10 |
| BMY Bristol-Myers Squibb Co. | Add +1.9% | 0.35% | +0.07 |
| IGSB iShares 1-5Y Inv Grade Corp. | Add +4.1% | 0.84% | +0.04 |
| GOOGL Alphabet Inc. Class A | Add +0.1% | 0.17% | +0.04 |
| BND Vanguard Total Bond Market | Add +7.2% | 0.39% | +0.03 |
| SPSB SS SPDR P St C Corp. ETF | Add +2.8% | 0.50% | +0.02 |
| KMB Kimberly-Clark Corp. | Add +136.4% | 0.03% | +0.01 |
| FHN First Horizon Corp. | Add +0.0% | 0.22% | +0.01 |
| ADBE Adobe Inc. | Add +1.2% | 0.78% | +0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.3% | 0.18% | +0.01 |
| MAA Mid-America Apartment Comm | Add +2.9% | 0.15% | +0.01 |
| VYM Vanguard High DVD Yield ETF | Add +64.8% | 0.01% | +0.01 |
| QQQ Invesco QQQ Trust Series 1 | Add +7.9% | 0.04% | +0.00 |
| TFI SS SPDR N Ice Muni Bond ETF | Add +1386.5% | 0.00% | +0.00 |
| GLD SPDR Gold Shares | Add +0.6% | 0.03% | +0.00 |
| VOO Vanguard S&P 500 ETF | Add +2.1% | 0.05% | +0.00 |
| SCHG Schwab US Large-Cap Growth | Add +1.8% | 0.04% | +0.00 |
| FNDE Schwab Fndmntl Em MRK Eq ETF | New | 0.00% | +0.00 |
| NUV Nuveen Municipal Value | New | 0.00% | +0.00 |
| D Dominion Energy Inc. | Add +19.3% | 0.01% | +0.00 |
| QQQM Invesco Nasdaq 100 ETF | New | 0.00% | +0.00 |
| CRM Salesforce Inc. | Add +23.5% | 0.01% | +0.00 |
| GDX Vaneck Gold Miners ETF | Add +9.1% | 0.01% | +0.00 |
| FIDI Fidelity Intl Hi Div ETF | New | 0.00% | +0.00 |
| GSK GSK PLC-Spon ADR | Add +0.2% | 0.01% | +0.00 |
| SCHP Schwab U.S. Tips ETF | Add +51.1% | 0.00% | +0.00 |
| ET Energy Transfer LP | Add +35.7% | 0.00% | +0.00 |
| TSLA Tesla Inc. | Add +1.8% | 0.02% | +0.00 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +1.4% | 0.02% | +0.00 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | Add +28.4% | 0.00% | +0.00 |
| F Ford Motor Co. | Add +1.7% | 0.00% | +0.00 |
| SCHW Schwab (charles) Corp. | Add +0.1% | 0.01% | +0.00 |
| HSY The Hershey Co. | Add +4.6% | 0.01% | +0.00 |
| XNQPX Nuveen Pa QLTY Muni Inc. | New | 0.00% | +0.00 |
| VGT Vanguard Info Tech ETF | Add +100.0% | 0.00% | +0.00 |
| AMPX Amprius Technologies Inc. | Add +2.5% | 0.00% | 0.00 |
| FG F&G Annuities & Life Inc. | New | 0.00% | 0.00 |
| RXRX Recursion Pharmaceuticals-A | Add +21.7% | 0.00% | 0.00 |
| VNQ Vanguard Real Estate ETF | Add +0.8% | 0.00% | 0.00 |
| SJM The JM Smucker Co. | Add +7.8% | 0.01% | −0.00 |
| AVXL Anavex Life Sciences Corp. | Add +23.1% | 0.00% | −0.00 |
| UI Ubiquiti Inc. | Add +0.1% | 0.04% | −0.01 |
| ORCL Oracle Corp. | Add +0.2% | 0.09% | −0.04 |
| PG The Procter & Gamble Co. | Add +1.2% | 2.88% | −0.13 |
| CARR Carrier Global Corp. | Add +0.1% | 2.23% | −0.25 |
Notes & Other Activity Q3 2025 → Q4 2025
| COHEN & STEERS INFRASTRU | RIGHT 10/16/2025 | Sold out | 150 | $12before exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
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 |