Townsend & Associates, Inc

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 24, 2024), Townsend & Associates, Inc reported 104 stock positions worth $857.6 million. Its top holding was iShares 0-1 Year Treasury Bo (SHV) at 6.0% of the portfolio, followed by iShares Core 1-5 Year Usd Bo (ISTB, 5.2%) and iShares Core S&P U.S. Value (IUSV, 4.8%). Compared with Q4 2023, it opened 4 new positions, sold out of 5, added to 59 and reduced 24. The biggest buy was SPDR Gold Shares (GLD, shares +2%) and the biggest sale an exit from Invesco S&P 500 Equal Weight (RSP).

Most Recent 13F
Q2 2026
Location
WESTMINSTER, CO
CIK
0001729359
Portfolio Value
$857.6M (Q1 2024)
SEC Filing
0001352860-24-000005 ↗ filed Apr 24, 2024

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $857.6M $857.6M Q1 2024 Q2 2024: $901.2M Q2 2024 Q3 2024: $974.4M Q3 2024 Q4 2024: $976.5M Q4 2024 Q1 2025: $959.1M Q1 2025 Q2 2025: $1.0B Q2 2025 Q3 2025: $1.1B Q3 2025 Q4 2025: $1.1B Q4 2025 Q1 2026: $1.2B Q1 2026 Q2 2026: $1.2B Q2 2026

Holdings 104 stocks · $857.6M
SHV iShares 0-1 Year Treasury Bo 6.01% 467,090 $51.6M Add +2.5%
ISTB iShares Core 1-5 Year Usd Bo 5.18% 945,072 $44.4M Add +2.3%
IUSV iShares Core S&P U.S. Value 4.77% 467,855 $40.9M Add +1.2%
HDV iShares Core High Dividend E 4.62% 362,520 $39.6M Add +2.2%
LQD Ishr Ibx Usd Invgd CB ETF-Ui 3.93% 319,794 $33.7M Add +2.3%
AIG American International Group 3.92% 449,054 $33.6M Add +1.4%
TLT iShares 20+ Year Treasury BD 3.75% 361,637 $32.2M Add +2.6%
GLD SPDR Gold Shares 3.47% 138,339 $29.7M Add +2.1%
MHK Mohawk Industries Inc. 3.41% 257,926 $29.3M Add +0.7%
NOMD Nomad Foods Ltd. 3.13% 1,432,177 $26.9M Add +2.1%
EFV iShares MSCI Eafe Value ETF 2.96% 471,824 $25.4M Add +1.3%
PFF iShares Preferred & Income S 2.71% 740,256 $23.2M Add +2.4%
GNK Genco Shipping & Trading Ltd. 2.49% 1,012,860 $21.4M Add +0.8%
WM Waste Management Inc. 2.08% 85,642 $17.9M Add +0.9%
CMI Cummins Inc. 2.08% 60,992 $17.9M Add +1.1%
RTX RTX Corp. 2.00% 169,604 $17.2M Add +2.4%
BRK.B Berkshire Hathaway Inc. Class B 1.93% 40,392 $16.5M Add +1.0%
TTE Totalenergies SE -Spon ADR 1.90% 223,770 $16.3M Add +1.8%
CROX Crocs Inc. 1.87% 126,942 $16.0M Add +0.4%
MYRG MYR Group Inc./Delaware 1.84% 96,111 $15.8M Add +0.5%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.82% 136,934 $15.6M Add +1.2%
GWW WW Grainger Inc. filed as GRAINGER W W INC 1.80% 16,179 $15.5M Add +0.5%
CME Cme Group Inc. 1.80% 71,308 $15.5M Add +1.9%
SNA Snap-on Inc. 1.72% 54,351 $14.7M Add +2.0%
GNRC Generac Holdings Inc. 1.69% 106,626 $14.5M Add +3.5%
NTR Nutrien Ltd. 1.69% 276,888 $14.5M Add +6.6%
WRB WR Berkley Corp. filed as BERKLEY W R CORP 1.68% 182,124 $14.4M Add +0.7%
BHP BHP Group Ltd.-Spon ADR 1.67% 244,491 $14.4M Add +3.4%
EW Edwards Lifesciences Corp. 1.66% 162,577 $14.3M Add +1.2%
BKNG Booking Holdings Inc. 1.56% 3,779 $13.4M Add +1.1%
TJX TJX Companies Inc. filed as TJX COS INC NEW 1.55% 140,813 $13.3M Add +1.9%
WMT Walmart Inc. 1.55% 224,378 $13.3M Add +2.3%
DHI D.R. Horton Inc. 1.49% 86,035 $12.7M Add +1.6%
AZO AutoZone Inc. 1.46% 4,226 $12.5M Add +1.9%
IAU iShares Gold Trust 1.35% 263,359 $11.6M Add +0.8%
ACN Accenture PLC Class A 1.31% 35,459 $11.2M Add +1.6%
EMXC iShares MSCI Emr MRK Ex Chna 1.24% 189,240 $10.6M Add +1.1%
IJR iShares Core S&P Small-Cap E 1.21% 97,608 $10.3M Add +1.7%
LMT Lockheed Martin Corp. 0.46% 8,631 $4.0M Reduce -9.5%
AXP American Express Co. 0.38% 13,656 $3.3M Reduce -2.6%
MSFT Microsoft Corp. 0.37% 7,882 $3.2M Reduce -3.7%
NVR NVR Inc. 0.36% 391 $3.1M Reduce -4.9%
JPM JPMorgan Chase & Co. 0.36% 15,895 $3.1M Reduce -3.0%
AAPL Apple Inc. 0.29% 14,927 $2.5M Reduce -11.8%
LYB Lyondellbasell Indu Class A 0.26% 22,157 $2.2M Add +4.8%
DUK Duke Energy Corp. 0.26% 22,563 $2.2M Add +0.6%
HAL Halliburton Co. 0.25% 55,878 $2.2M Reduce -1.1%
BMY Bristol-Myers Squibb Co. 0.25% 43,126 $2.1M Add +7.7%
VTR Ventas Inc. 0.23% 46,098 $2.0M Reduce -1.1%
BTI British American Tob-SP ADR 0.22% 62,620 $1.9M Add +6.9%
GOOG Alphabet Inc. Class C 0.21% 11,532 $1.8M Reduce -1.9%
UNH Unitedhealth Group Inc. 0.21% 3,788 $1.8M Reduce -2.2%
AWK American Water Works Co. Inc. 0.20% 14,581 $1.7M Reduce -0.3%
CLX Clorox Company 0.20% 11,652 $1.7M Reduce -1.3%
VFC VF Corp. 0.16% 104,700 $1.4M Add +9.7%
BF.B Brown-Forman Corp. Class B 0.16% 26,967 $1.3M Add +7.5%
BALL Ball Corp. 0.15% 19,945 $1.3M Reduce -0.8%
GOOGL Alphabet Inc. Class A 0.14% 7,720 $1.2M Reduce -5.8%
JNJ Johnson & Johnson 0.13% 7,695 $1.2M Reduce -1.2%
WBA Walgreens Boots Alliance Inc. 0.13% 62,426 $1.1M Add +11.1%
MCD McDonald's Corp. 0.12% 3,677 $1.0M No change
MRK Merck & Co. Inc. 0.12% 7,932 $1.0M Reduce -0.0%
PG The Procter & Gamble Co. 0.11% 5,881 $950K Add +0.1%
XOM Exxon Mobil Corp. 0.10% 7,103 $860K Add +0.1%
AMZN Amazon.com Inc. 0.10% 4,730 $849K Reduce -10.9%
KO The Coca-Cola Co. 0.10% 13,617 $826K Add +0.1%
HUBB Hubbell Inc. 0.09% 1,973 $785K No change
ATR Aptargroup Inc. 0.09% 5,400 $757K No change
CMCSA Comcast Corp. Class A 0.08% 17,301 $698K Reduce -2.3%
PPG PPG Industries Inc. 0.08% 5,322 $694K No change
NVDA Nvidia Corp. 0.08% 835 $688K Reduce -2.2%
PEP Pepsico Inc. 0.08% 3,983 $682K Add +0.1%
AON Aon PLC Class A 0.08% 2,070 $646K No change
UNP Union Pacific Corp. 0.07% 2,583 $610K Reduce -19.2%
MA Mastercard Inc. Class A 0.07% 1,275 $590K No change
HD Home Depot Inc. 0.05% 1,384 $469K Reduce -4.3%
ETN Eaton Corp. PLC 0.05% 1,466 $459K Reduce -10.0%
HSY The Hershey Co. 0.04% 1,900 $355K No change
LRCX Lam Research Corp. 0.04% 392 $348K Add +0.3%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.04% 9,015 $346K No change
XEL Xcel Energy Inc. 0.04% 6,148 $340K Add +0.1%
EMR Emerson Electric Co. 0.04% 3,050 $335K No change
COST Costco Wholesale Corp. 0.04% 463 $334K Reduce -17.6%
DAR Darling Ingredients Inc. 0.04% 7,501 $324K No change
IGSB iShares 1-5Y Inv Grade Corp. 0.04% 6,334 $322K No change
VGT Vanguard Info Tech ETF 0.03% 603 $298K Add +0.2%
PNC PNC Financial Services Group 0.03% 1,800 $284K No change
PFE Pfizer Inc. 0.03% 9,800 $258K Add +0.1%
GE General Electric 0.03% 1,565 $255K New
IDV iShares International Select 0.03% 8,939 $251K No change
CRM Salesforce Inc. 0.03% 897 $248K Add +0.3%
INTC Intel Corp. 0.03% 7,022 $241K Add +3.2%
LOW Lowe's Cos Inc. 0.03% 1,030 $241K Add +0.2%
VOE Vngrd Mrngstr MD-Cap Val ETF 0.03% 1,600 $240K No change
ENTG Entegris Inc. 0.03% 1,880 $237K No change
WMB Williams Cos Inc. 0.03% 6,001 $233K Reduce -11.4%
CARR Carrier Global Corp. 0.03% 4,009 $221K Add +0.1%
IXC iShares Global Energy ETF 0.03% 4,992 $220K New
KMB Kimberly-Clark Corp. 0.03% 1,605 $218K New
VTI VG Morningstar TS MKT ETF-US 0.02% 848 $212K Add +0.1%
QQQ Invesco QQQ Trust Series 1 0.02% 496 $211K New
BMO Bank of Montreal filed as BANK MONTREAL QUE 0.02% 2,225 $209K No change
MDLZ Mondelez International Inc. Class A 0.02% 2,870 $203K No change
FSCO FS Credit Opportunities Corp. 0.01% 14,710 $86K Add +3.0%

Portfolio Sells Q4 2023 → Q1 2024
RSP Invesco S&P 500 Equal Weight Sold out 0.00% −0.24
AAPL Apple Inc. Reduce -11.8% 0.29% −0.12
LMT Lockheed Martin Corp. Reduce -9.5% 0.46% −0.05
VTR Ventas Inc. Reduce -1.1% 0.23% −0.04
MSFT Microsoft Corp. Reduce -3.7% 0.37% −0.04
UNH Unitedhealth Group Inc. Reduce -2.2% 0.21% −0.03
ADBE Adobe Inc. Sold out 0.00% −0.03
V Visa Inc. Class A Sold out 0.00% −0.03
NKE Nike Inc. Class B Sold out 0.00% −0.03
CCI Crown Castle Inc. Sold out 0.00% −0.03
UNP Union Pacific Corp. Reduce -19.2% 0.07% −0.03
JNJ Johnson & Johnson Reduce -1.2% 0.13% −0.02
AWK American Water Works Co. Inc. Reduce -0.3% 0.20% −0.02
CMCSA Comcast Corp. Class A Reduce -2.3% 0.08% −0.02
GOOGL Alphabet Inc. Class A Reduce -5.8% 0.14% −0.01
COST Costco Wholesale Corp. Reduce -17.6% 0.04% −0.01
HAL Halliburton Co. Reduce -1.1% 0.25% −0.01
CLX Clorox Company Reduce -1.3% 0.20% −0.01
HD Home Depot Inc. Reduce -4.3% 0.05% −0.01
GOOG Alphabet Inc. Class C Reduce -1.9% 0.21% −0.01
AMZN Amazon.com Inc. Reduce -10.9% 0.10% −0.01
WMB Williams Cos Inc. Reduce -11.4% 0.03% −0.00
MRK Merck & Co. Inc. Reduce -0.0% 0.12% −0.00
ETN Eaton Corp. PLC Reduce -10.0% 0.05% +0.00
NVR NVR Inc. Reduce -4.9% 0.36% +0.00
JPM JPMorgan Chase & Co. Reduce -3.0% 0.36% +0.01
BALL Ball Corp. Reduce -0.8% 0.15% +0.01
NVDA Nvidia Corp. Reduce -2.2% 0.08% +0.01
AXP American Express Co. Reduce -2.6% 0.38% +0.05

Portfolio Buys Q4 2023 → Q1 2024
GLD SPDR Gold Shares Add +2.1% 3.47% +0.31
CMI Cummins Inc. Add +1.1% 2.08% +0.30
CROX Crocs Inc. Add +0.4% 1.87% +0.29
MHK Mohawk Industries Inc. Add +0.7% 3.41% +0.28
GNK Genco Shipping & Trading Ltd. Add +0.8% 2.49% +0.27
GNRC Generac Holdings Inc. Add +3.5% 1.69% +0.23
DIS The Walt Disney Co. Add +1.2% 1.82% +0.23
EW Edwards Lifesciences Corp. Add +1.2% 1.66% +0.20
MYRG MYR Group Inc./Delaware Add +0.5% 1.84% +0.16
RTX RTX Corp. Add +2.4% 2.00% +0.15
TTE Totalenergies SE -Spon ADR Add +1.8% 1.90% +0.14
WM Waste Management Inc. Add +0.9% 2.08% +0.13
IAU iShares Gold Trust Add +0.8% 1.35% +0.10
NOMD Nomad Foods Ltd. Add +2.1% 3.13% +0.09
AIG American International Group Add +1.4% 3.92% +0.09
WMT Walmart Inc. Add +2.3% 1.55% +0.08
HDV iShares Core High Dividend E Add +2.2% 4.62% +0.07
GWW WW Grainger Inc. Add +0.5% 1.80% +0.05
BRK.B Berkshire Hathaway Inc. Class B Add +1.0% 1.93% +0.04
AZO AutoZone Inc. Add +1.9% 1.46% +0.03
GE General Electric New 0.03% +0.03
IXC iShares Global Energy ETF New 0.03% +0.03
KMB Kimberly-Clark Corp. New 0.03% +0.03
QQQ Invesco QQQ Trust Series 1 New 0.02% +0.02
NTR Nutrien Ltd. Add +6.6% 1.69% +0.02
CME Cme Group Inc. Add +1.9% 1.80% +0.01
LYB Lyondellbasell Indu Class A Add +4.8% 0.26% +0.01
XOM Exxon Mobil Corp. Add +0.1% 0.10% +0.01
DHI D.R. Horton Inc. Add +1.6% 1.49% +0.01
LOW Lowe's Cos Inc. Add +0.2% 0.03% +0.00
BTI British American Tob-SP ADR Add +6.9% 0.22% +0.00
FSCO FS Credit Opportunities Corp. Add +3.0% 0.01% −0.00
VTI VG Morningstar TS MKT ETF-US Add +0.1% 0.02% −0.00
LRCX Lam Research Corp. Add +0.3% 0.04% −0.00
PG The Procter & Gamble Co. Add +0.1% 0.11% −0.00
CARR Carrier Global Corp. Add +0.1% 0.03% −0.00
CRM Salesforce Inc. Add +0.3% 0.03% −0.00
PEP Pepsico Inc. Add +0.1% 0.08% −0.00
VGT Vanguard Info Tech ETF Add +0.2% 0.03% −0.00
KO The Coca-Cola Co. Add +0.1% 0.10% −0.00
PFE Pfizer Inc. Add +0.1% 0.03% −0.00
XEL Xcel Energy Inc. Add +0.1% 0.04% −0.01
BMY Bristol-Myers Squibb Co. Add +7.7% 0.25% −0.01
DUK Duke Energy Corp. Add +0.6% 0.26% −0.01
INTC Intel Corp. Add +3.2% 0.03% −0.01
BF.B Brown-Forman Corp. Class B Add +7.5% 0.16% −0.02
WBA Walgreens Boots Alliance Inc. Add +11.1% 0.13% −0.03
EMXC iShares MSCI Emr MRK Ex Chna Add +1.1% 1.24% −0.03
EFV iShares MSCI Eafe Value ETF Add +1.3% 2.96% −0.03
VFC VF Corp. Add +9.7% 0.16% −0.04

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 114$1.2BSHV, ISTB, BHP, JIII, TLT
Q1 2026 113$1.2BSHV, ISTB, BHP, JIII, GLD
Q4 2025 115$1.1BSHV, ISTB, GLD, JIII, TLT
Q3 2025 112$1.1BSHV, ISTB, TLT, JIII, GLD
Q2 2025 112$1.0BSHV, ISTB, JIII, IUSV, HDV
Q1 2025 99$959.1MSHV, ISTB, HDV, JIII, GLD
Q4 2024 102$976.5MSHV, ISTB, HDV, IUSV, JIII
Q3 2024 103$974.4MSHV, ISTB, HDV, IUSV, MHK
Q2 2024 104$901.2MSHV, ISTB, IUSV, MHK, HDV
Q1 2024 104$857.6MSHV, ISTB, IUSV, HDV, LQD