Townsend & Associates, Inc

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 1, 2024), Townsend & Associates, Inc reported 103 stock positions worth $974.4 million. Its top holding was iShares 0-1 Year Treasury Bo (SHV) at 5.7% of the portfolio, followed by iShares Core 1-5 Year Usd Bo (ISTB, 5.0%) and iShares Core High Dividend E (HDV, 4.5%). Compared with Q2 2024, it opened 5 new positions, sold out of 6, added to 48 and reduced 25. The biggest buy was a new position in Aercap (AER) and the biggest sale an exit from Cummins (CMI).

Most Recent 13F
Q2 2026
Location
WESTMINSTER, CO
CIK
0001729359
Portfolio Value
$974.4M (Q3 2024)
SEC Filing
0001729359-24-000004 ↗ filed Nov 1, 2024

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $857.6M Q1 2024 Q2 2024: $901.2M Q2 2024 Q3 2024: $974.4M $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 103 stocks · $974.4M
SHV iShares 0-1 Year Treasury Bo 5.69% 501,727 $55.4M Add +4.3%
ISTB iShares Core 1-5 Year Usd Bo 4.96% 1,005,279 $48.3M Add +3.7%
HDV iShares Core High Dividend E 4.54% 371,945 $44.3M Add +1.8%
IUSV iShares Core S&P U.S. Value 4.42% 448,982 $43.1M Reduce -3.9%
MHK Mohawk Industries Inc. 4.05% 260,065 $39.5M Reduce -0.6%
LQD Ishr Ibx Usd Invgd CB ETF-Ui 3.80% 338,969 $37.0M Add +3.3%
AIG American International Group 3.70% 465,747 $36.1M Add +2.7%
GLD SPDR Gold Shares 3.70% 143,541 $36.0M Add +1.4%
TLT iShares 20+ Year Treasury BD 3.64% 384,957 $35.4M Add +3.9%
NOMD Nomad Foods Ltd. 2.77% 1,539,731 $27.0M Add +3.6%
NTR Nutrien Ltd. 2.76% 562,846 $26.9M Add +97.5%
PFF iShares Preferred & Income S 2.72% 803,290 $26.5M Add +5.8%
EFV iShares MSCI Eafe Value ETF 2.67% 471,457 $26.0M Reduce -0.2%
RTX RTX Corp. 2.29% 175,282 $22.3M Add +1.5%
WMT Walmart Inc. 1.99% 233,176 $19.4M Add +1.4%
BRK.B Berkshire Hathaway Inc. Class B 1.98% 41,928 $19.3M Add +1.8%
WM Waste Management Inc. 1.94% 89,064 $18.9M Add +2.6%
SNA Snap-on Inc. 1.93% 57,713 $18.8M Add +3.0%
GWW WW Grainger Inc. filed as GRAINGER W W INC 1.88% 16,811 $18.4M Add +1.6%
GNRC Generac Holdings Inc. 1.87% 109,766 $18.2M Add +1.4%
AER Aercap Holdings NV 1.80% 183,219 $17.5M New
TTE Totalenergies SE -Spon ADR 1.76% 265,996 $17.2M Add +16.6%
CME Cme Group Inc. 1.76% 75,586 $17.2M Add +3.4%
CROX Crocs Inc. 1.74% 129,423 $17.0M Add +1.6%
WRB WR Berkley Corp. filed as BERKLEY W R CORP 1.73% 285,349 $16.9M Reduce -31.9%
BKNG Booking Holdings Inc. 1.73% 3,903 $16.8M Add +1.7%
TJX TJX Companies Inc. filed as TJX COS INC NEW 1.72% 147,005 $16.8M Add +1.9%
GNK Genco Shipping & Trading Ltd. 1.70% 1,048,858 $16.6M Add +2.7%
DHI D.R. Horton Inc. 1.63% 88,012 $15.9M Reduce -0.4%
BHP BHP Group Ltd.-Spon ADR 1.50% 261,590 $14.6M Add +4.1%
AZO AutoZone Inc. 1.47% 4,490 $14.4M Add +2.8%
ACN Accenture PLC Class A 1.46% 38,336 $14.2M Add +3.9%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.44% 146,164 $14.1M Add +3.9%
DEO Diageo PLC-Sponsored ADR 1.31% 94,826 $12.7M New
EW Edwards Lifesciences Corp. 1.27% 174,978 $12.4M Add +5.1%
MYRG MYR Group Inc./Delaware 1.24% 103,976 $12.1M Add +5.8%
IAU iShares Gold Trust 1.18% 223,753 $11.5M Reduce -14.2%
EMXC iShares MSCI Emr MRK Ex Chna 1.15% 187,291 $11.2M Reduce -1.0%
IJR iShares Core S&P Small-Cap E 1.14% 96,568 $11.1M Reduce -1.5%
LMT Lockheed Martin Corp. 0.54% 9,227 $5.3M Add +6.6%
DUK Duke Energy Corp. 0.50% 40,303 $4.9M Add +82.1%
NVR NVR Inc. 0.39% 408 $3.8M Add +6.8%
AXP American Express Co. 0.37% 13,416 $3.6M Add +0.9%
JPM JPMorgan Chase & Co. 0.36% 15,656 $3.5M Add +1.1%
AAPL Apple Inc. 0.35% 14,636 $3.4M Reduce -0.7%
MSFT Microsoft Corp. 0.33% 7,600 $3.2M Reduce -1.9%
VTR Ventas Inc. 0.31% 45,835 $3.0M Add +1.6%
PEP Pepsico Inc. 0.30% 17,072 $3.0M Add +328.6%
BMY Bristol-Myers Squibb Co. 0.24% 44,649 $2.4M Add +2.4%
BTI British American Tob-SP ADR 0.23% 64,538 $2.2M Add +2.6%
UNH Unitedhealth Group Inc. 0.22% 3,752 $2.1M No change
AWK American Water Works Co. Inc. 0.22% 14,860 $2.1M Add +3.2%
LYB Lyondellbasell Indu Class A 0.21% 22,649 $2.0M Add +3.2%
CLX Clorox Company 0.20% 11,955 $1.9M Add +4.0%
VFC VF Corp. 0.19% 109,769 $1.9M Add +3.5%
GOOG Alphabet Inc. Class C 0.19% 11,256 $1.9M Reduce -1.2%
JNJ Johnson & Johnson 0.17% 9,985 $1.7M Reduce -2.1%
HAL Halliburton Co. 0.16% 57,199 $1.6M Add +4.2%
BF.B Brown-Forman Corp. Class B 0.14% 28,920 $1.4M Add +6.2%
BALL Ball Corp. 0.13% 19,775 $1.3M Reduce -1.1%
GOOGL Alphabet Inc. Class A 0.13% 7,480 $1.2M Reduce -1.6%
MCD McDonald's Corp. 0.11% 3,632 $1.1M No change
NVDA Nvidia Corp. 0.11% 7,401 $1.0M Reduce -7.6%
PG The Procter & Gamble Co. 0.10% 5,885 $998K Reduce -0.8%
KO The Coca-Cola Co. 0.10% 13,605 $925K Reduce -0.0%
ATR Aptargroup Inc. 0.09% 5,400 $905K No change
HUBB Hubbell Inc. 0.09% 1,973 $877K No change
XOM Exxon Mobil Corp. 0.09% 7,113 $855K No change
MRK Merck & Co. Inc. 0.09% 7,932 $844K No change
AMZN Amazon.com Inc. 0.08% 4,390 $811K Reduce -4.8%
AON Aon PLC Class A 0.07% 2,013 $721K No change
CMCSA Comcast Corp. Class A 0.07% 17,301 $719K No change
WBA Walgreens Boots Alliance Inc. 0.07% 72,622 $679K Add +13.2%
PPG PPG Industries Inc. 0.07% 5,322 $672K No change
MA Mastercard Inc. Class A 0.06% 1,144 $588K Reduce -3.2%
HD Home Depot Inc. 0.06% 1,348 $539K No change
UNP Union Pacific Corp. 0.05% 2,207 $533K Reduce -12.4%
ETN Eaton Corp. PLC 0.05% 1,466 $506K Reduce -3.9%
COST Costco Wholesale Corp. 0.04% 463 $416K No change
XEL Xcel Energy Inc. 0.04% 6,148 $395K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.04% 8,778 $372K Reduce -2.6%
VGT Vanguard Info Tech ETF 0.04% 603 $360K No change
HSY The Hershey Co. 0.04% 1,900 $346K No change
PNC PNC Financial Services Group 0.03% 1,800 $339K No change
EMR Emerson Electric Co. 0.03% 3,050 $331K No change
IGSB iShares 1-5Y Inv Grade Corp. 0.03% 6,334 $330K No change
CARR Carrier Global Corp. 0.03% 4,004 $320K Reduce -0.8%
VOE Vngrd Mrngstr MD-Cap Val ETF 0.03% 1,885 $317K Add +17.8%
PFE Pfizer Inc. 0.03% 10,210 $295K Add +4.1%
WMB Williams Cos Inc. 0.03% 5,556 $290K No change
LRCX Lam Research Corp. 0.03% 3,919 $286K Add +899.7%
GE General Electric filed as GE AEROSPACE 0.03% 1,565 $284K No change
LOW Lowe's Cos Inc. 0.03% 1,033 $279K No change
DAR Darling Ingredients Inc. 0.03% 6,508 $249K Reduce -13.2%
QQQ Invesco QQQ Trust Series 1 0.02% 468 $228K No change
VTI VG Morningstar TS MKT ETF-US 0.02% 772 $220K Reduce -5.3%
KMB Kimberly-Clark Corp. 0.02% 1,605 $220K No change
CCI Crown Castle Inc. 0.02% 1,942 $215K No change
BMO Bank of Montreal filed as BANK MONTREAL QUE 0.02% 2,225 $208K New
IXC iShares Global Energy ETF 0.02% 4,992 $205K No change

Show all 103 holdings

Portfolio Sells Q2 2024 → Q3 2024
CMI Cummins Inc. Sold out 0.00% −1.99
MHK Mohawk Industries Inc. Reduce -0.6% 4.05% −0.62
IUSV iShares Core S&P U.S. Value Reduce -3.9% 4.42% −0.34
EFV iShares MSCI Eafe Value ETF Reduce -0.2% 2.67% −0.20
IJR iShares Core S&P Small-Cap E Reduce -1.5% 1.14% −0.14
IAU iShares Gold Trust Reduce -14.2% 1.18% −0.13
DHI D.R. Horton Inc. Reduce -0.4% 1.63% −0.11
EMXC iShares MSCI Emr MRK Ex Chna Reduce -1.0% 1.15% −0.09
MSFT Microsoft Corp. Reduce -1.9% 0.33% −0.03
IDV iShares International Select Sold out 0.00% −0.03
ENTG Entegris Inc. Sold out 0.00% −0.03
INTC Intel Corp. Sold out 0.00% −0.02
GOOG Alphabet Inc. Class C Reduce -1.2% 0.19% −0.02
CRM Salesforce Inc. Sold out 0.00% −0.02
ADBE Adobe Inc. Sold out 0.00% −0.02
GOOGL Alphabet Inc. Class A Reduce -1.6% 0.13% −0.02
UNP Union Pacific Corp. Reduce -12.4% 0.05% −0.01
JNJ Johnson & Johnson Reduce -2.1% 0.17% −0.01
AMZN Amazon.com Inc. Reduce -4.8% 0.08% −0.01
AAPL Apple Inc. Reduce -0.7% 0.35% −0.01
PG The Procter & Gamble Co. Reduce -0.8% 0.10% −0.01
BALL Ball Corp. Reduce -1.1% 0.13% −0.01
DAR Darling Ingredients Inc. Reduce -13.2% 0.03% −0.01
KO The Coca-Cola Co. Reduce -0.0% 0.10% −0.01
BAC Bank of America Corp. Reduce -2.6% 0.04% −0.00
VTI VG Morningstar TS MKT ETF-US Reduce -5.3% 0.02% −0.00
ETN Eaton Corp. PLC Reduce -3.9% 0.05% +0.00
MA Mastercard Inc. Class A Reduce -3.2% 0.06% +0.00
CARR Carrier Global Corp. Reduce -0.8% 0.03% +0.00
NVDA Nvidia Corp. Reduce -7.6% 0.11% +0.01
WRB WR Berkley Corp. Reduce -31.9% 1.73% +0.05

Portfolio Buys Q2 2024 → Q3 2024
AER Aercap Holdings NV New 1.80% +1.80
DEO Diageo PLC-Sponsored ADR New 1.31% +1.31
NTR Nutrien Ltd. Add +97.5% 2.76% +1.14
DUK Duke Energy Corp. Add +82.1% 0.50% +0.23
GLD SPDR Gold Shares Add +1.4% 3.70% +0.23
PEP Pepsico Inc. Add +328.6% 0.30% +0.23
WMT Walmart Inc. Add +1.4% 1.99% +0.21
SNA Snap-on Inc. Add +3.0% 1.93% +0.18
BKNG Booking Holdings Inc. Add +1.7% 1.73% +0.15
CME Cme Group Inc. Add +3.4% 1.76% +0.13
EW Edwards Lifesciences Corp. Add +5.1% 1.27% +0.12
ACN Accenture PLC Class A Add +3.9% 1.46% +0.11
RTX RTX Corp. Add +1.5% 2.29% +0.10
GWW WW Grainger Inc. Add +1.6% 1.88% +0.10
TTE Totalenergies SE -Spon ADR Add +16.6% 1.76% +0.05
VTR Ventas Inc. Add +1.6% 0.31% +0.04
DIS The Walt Disney Co. Add +3.9% 1.44% +0.04
PFF iShares Preferred & Income S Add +5.8% 2.72% +0.04
WM Waste Management Inc. Add +2.6% 1.94% +0.04
LMT Lockheed Martin Corp. Add +6.6% 0.54% +0.04
NVR NVR Inc. Add +6.8% 0.39% +0.03
CLX Clorox Company Add +4.0% 0.20% +0.02
BMO Bank of Montreal New 0.02% +0.02
MDLZ Mondelez International Inc. Class A New 0.02% +0.02
OTIS Otis Worldwide Corp. New 0.02% +0.02
AXP American Express Co. Add +0.9% 0.37% +0.01
BF.B Brown-Forman Corp. Class B Add +6.2% 0.14% +0.01
VOE Vngrd Mrngstr MD-Cap Val ETF Add +17.8% 0.03% +0.00
VFC VF Corp. Add +3.5% 0.19% +0.00
BMY Bristol-Myers Squibb Co. Add +2.4% 0.24% −0.00
PFE Pfizer Inc. Add +4.1% 0.03% −0.00
JPM JPMorgan Chase & Co. Add +1.1% 0.36% −0.01
LRCX Lam Research Corp. Add +899.7% 0.03% −0.01
AWK American Water Works Co. Inc. Add +3.2% 0.22% −0.01
WBA Walgreens Boots Alliance Inc. Add +13.2% 0.07% −0.01
BTI British American Tob-SP ADR Add +2.6% 0.23% −0.02
BRK.B Berkshire Hathaway Inc. Class B Add +1.8% 1.98% −0.02
AZO AutoZone Inc. Add +2.8% 1.47% −0.03
LYB Lyondellbasell Indu Class A Add +3.2% 0.21% −0.03
GNRC Generac Holdings Inc. Add +1.4% 1.87% −0.04
HAL Halliburton Co. Add +4.2% 0.16% −0.05
BHP BHP Group Ltd.-Spon ADR Add +4.1% 1.50% −0.05
TJX TJX Companies Inc. Add +1.9% 1.72% −0.07
HDV iShares Core High Dividend E Add +1.8% 4.54% −0.08
CROX Crocs Inc. Add +1.6% 1.74% −0.10
LQD Ishr Ibx Usd Invgd CB ETF-Ui Add +3.3% 3.80% −0.15
ISTB iShares Core 1-5 Year Usd Bo Add +3.7% 4.96% −0.18
TLT iShares 20+ Year Treasury BD Add +3.9% 3.64% −0.18
AIG American International Group Add +2.7% 3.70% −0.19
SHV iShares 0-1 Year Treasury Bo Add +4.3% 5.69% −0.21

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