Townsend & Associates, Inc

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 30, 2025), Townsend & Associates, Inc reported 112 stock positions worth $1.0 billion. Its top holding was iShares 0-1 Year Treasury Bo (SHV) at 6.5% of the portfolio, followed by iShares Core 1-5 Year Usd Bo (ISTB, 5.3%) and JNS Hndrsn Incm ETF (JIII, 4.3%). Compared with Q1 2025, it opened 19 new positions, sold out of 6, added to 20 and reduced 43. The biggest buy was a new position in McKesson (MCK) and the biggest sale Nomad Foods (NOMD, shares −55%).

Most Recent 13F
Q2 2026
Location
WESTMINSTER, CO
CIK
0001729359
Portfolio Value
$1.0B (Q2 2025)
SEC Filing
0001729359-25-000004 ↗ filed Jul 30, 2025

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 Q3 2024 Q4 2024: $976.5M Q4 2024 Q1 2025: $959.1M Q1 2025 Q2 2025: $1.0B $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 112 stocks · $1.0B
SHV iShares 0-1 Year Treasury Bo 6.48% 592,402 $65.4M Add +1.7%
ISTB iShares Core 1-5 Year Usd Bo 5.34% 1,110,526 $53.9M Add +1.6%
JIII JNS Hndrsn Incm ETF 4.27% 848,786 $43.1M Add +5.0%
IUSV iShares Core S&P U.S. Value 4.27% 443,565 $43.1M Reduce -1.5%
HDV iShares Core High Dividend E 4.23% 355,629 $42.6M Reduce -4.7%
TLT iShares 20+ Year Treasury BD 4.13% 481,689 $41.6M Add +6.9%
EFV iShares MSCI Eafe Value ETF 3.70% 570,856 $37.3M Reduce -11.3%
NTR Nutrien Ltd. 3.50% 587,513 $35.3M Reduce -13.3%
BHP BHP Group Ltd.-Spon ADR 3.16% 600,575 $31.9M Add +66.6%
PFF iShares Preferred & Income S 3.12% 1,009,989 $31.5M Add +7.8%
GLD SPDR Gold Shares 3.11% 102,174 $31.4M Reduce -18.1%
AIG American International Group 3.03% 381,494 $30.6M Reduce -10.5%
BRK.B Berkshire Hathaway Inc. Class B 2.78% 57,877 $28.0M Add +52.9%
MYRG MYR Group Inc./Delaware 2.24% 112,890 $22.6M Reduce -11.7%
RTX RTX Corp. 2.08% 134,047 $21.0M Reduce -5.7%
GNK Genco Shipping & Trading Ltd. 2.00% 1,245,080 $20.1M Reduce -1.3%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.88% 155,799 $18.9M Add +8.3%
GNRC Generac Holdings Inc. 1.85% 118,887 $18.7M Add +7.3%
TTE Totalenergies SE -Spon ADR 1.83% 304,302 $18.5M Reduce -8.4%
SNA Snap-on Inc. 1.68% 51,276 $16.9M Reduce -3.0%
CME Cme Group Inc. 1.66% 59,982 $16.8M Reduce -15.6%
WM Waste Management Inc. 1.59% 69,707 $16.0M Reduce -10.2%
MHK Mohawk Industries Inc. 1.56% 130,213 $15.7M Reduce -50.2%
AER Aercap Holdings NV 1.55% 139,015 $15.6M Reduce -12.0%
DEO Diageo PLC-Sponsored ADR 1.52% 143,165 $15.3M Add +2.3%
EW Edwards Lifesciences Corp. 1.46% 184,176 $14.7M Reduce -14.3%
BKNG Booking Holdings Inc. 1.44% 2,571 $14.5M Reduce -20.4%
GWW WW Grainger Inc. filed as GRAINGER W W INC 1.43% 13,691 $14.4M Reduce -12.9%
MCK McKesson Corp. 1.41% 19,927 $14.2M New
WMT Walmart Inc. 1.40% 144,877 $14.1M Reduce -9.3%
TJX TJX Companies Inc. filed as TJX COS INC NEW 1.39% 111,197 $14.1M Reduce -13.4%
KR Kroger Co. 1.37% 193,543 $13.8M New
HCA HCA Healthcare Inc. 1.35% 40,606 $13.6M New
DHI D.R. Horton Inc. 1.34% 93,277 $13.6M Reduce -8.6%
WRB WR Berkley Corp. filed as BERKLEY W R CORP 1.34% 195,895 $13.5M Reduce -21.9%
ACN Accenture PLC Class A 1.32% 47,145 $13.3M Add +5.6%
AZO AutoZone Inc. 1.30% 3,426 $13.1M Reduce -23.7%
NOMD Nomad Foods Ltd. 1.29% 721,762 $13.0M Reduce -55.4%
EMXC iShares MSCI Emr MRK Ex Chna 1.15% 180,904 $11.6M Reduce -4.4%
IAU iShares Gold Trust 1.01% 162,108 $10.2M Reduce -26.4%
BRK.A Berkshire Hathaway Inc. Class A 0.43% 6 $4.4M No change
DUK Duke Energy Corp. 0.39% 32,762 $3.9M Reduce -14.8%
MSFT Microsoft Corp. 0.39% 7,600 $3.9M No change
LMT Lockheed Martin Corp. 0.38% 9,108 $3.8M Reduce -0.0%
NVR NVR Inc. 0.31% 398 $3.1M Reduce -15.0%
AAPL Apple Inc. 0.30% 14,216 $3.0M Reduce -2.2%
PEP Pepsico Inc. 0.25% 17,657 $2.5M Reduce -3.5%
BTI British American Tob-SP ADR 0.23% 45,324 $2.4M Reduce -21.2%
BMY Bristol-Myers Squibb Co. 0.23% 48,133 $2.3M Add +1.7%
ABBV Abbvie Inc. 0.22% 11,695 $2.2M New
GOOG Alphabet Inc. Class C 0.22% 11,419 $2.2M Add +1.4%
HAL Halliburton Co. 0.22% 98,476 $2.2M Add +15.9%
LYB Lyondellbasell Indu Class A 0.21% 33,502 $2.1M Add +15.4%
FANG Diamondback Energy Inc. 0.20% 14,249 $2.1M New
VTR Ventas Inc. 0.19% 28,511 $1.9M Reduce -12.3%
SJM The JM Smucker Co. filed as SMUCKER J M CO 0.18% 16,634 $1.8M New
UL Unilever PLC 0.18% 29,964 $1.8M New
CLX Clorox Company 0.18% 13,820 $1.8M Reduce -2.9%
JNJ Johnson & Johnson 0.16% 9,715 $1.6M No change
GOOGL Alphabet Inc. Class A 0.14% 7,400 $1.4M No change
MCD McDonald's Corp. 0.13% 4,455 $1.3M Add +24.3%
NVDA Nvidia Corp. 0.12% 6,689 $1.2M No change
BALL Ball Corp. 0.11% 19,233 $1.1M No change
UNH Unitedhealth Group Inc. 0.10% 3,679 $1.0M Reduce -1.1%
AMZN Amazon.com Inc. 0.09% 4,094 $948K No change
KO The Coca-Cola Co. 0.09% 13,605 $941K No change
PG The Procter & Gamble Co. 0.09% 5,847 $926K Reduce -0.7%
HUBB Hubbell Inc. 0.09% 1,973 $873K No change
ATR Aptargroup Inc. 0.09% 5,400 $869K No change
XOM Exxon Mobil Corp. 0.08% 7,328 $809K No change
AON Aon PLC Class A 0.07% 1,855 $692K Reduce -6.0%
MA Mastercard Inc. Class A 0.06% 1,144 $650K No change
MRK Merck & Co. Inc. 0.06% 7,314 $620K Reduce -0.0%
PPG PPG Industries Inc. 0.06% 5,322 $617K No change
XEL Xcel Energy Inc. 0.06% 8,486 $617K Add +38.0%
CMCSA Comcast Corp. Class A 0.06% 17,300 $583K Reduce -0.0%
ETN Eaton Corp. PLC 0.06% 1,466 $575K No change
HD Home Depot Inc. 0.05% 1,348 $506K No change
JPM JPMorgan Chase & Co. 0.05% 1,643 $491K Reduce -83.7%
GE General Electric filed as GE AEROSPACE 0.05% 1,687 $458K Add +12.5%
EMR Emerson Electric Co. 0.05% 3,050 $456K No change
COST Costco Wholesale Corp. 0.04% 470 $440K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.04% 8,778 $425K No change
VGT Vanguard Info Tech ETF 0.04% 603 $415K No change
LRCX Lam Research Corp. 0.04% 3,919 $380K No change
HSY The Hershey Co. 0.04% 1,900 $356K No change
PNC PNC Financial Services Group 0.04% 1,800 $353K No change
UNP Union Pacific Corp. 0.03% 1,546 $347K Reduce -4.3%
CARR Carrier Global Corp. 0.03% 4,004 $323K No change
VOE Vngrd Mrngstr MD-Cap Val ETF 0.03% 1,885 $322K No change
WMB Williams Cos Inc. 0.03% 5,556 $321K No change
BA The Boeing Co. 0.03% 1,377 $321K No change
IGSB iShares 1-5Y Inv Grade Corp. 0.03% 5,552 $292K Reduce -9.8%
QQQ Invesco QQQ Trust Series 1 0.03% 484 $274K No change
GEV GE Vernova Inc. 0.03% 421 $271K New
BMO Bank of Montreal filed as BANK MONTREAL QUE 0.03% 2,225 $255K No change
USB US Bancorp 0.02% 5,032 $233K New
IDV iShares International Select 0.02% 6,290 $227K New
PFE Pfizer Inc. 0.02% 8,871 $220K Reduce -10.1%
RSP Invesco S&P 500 Equal Weight 0.02% 1,157 $217K New
VTI VG Morningstar TS MKT ETF-US 0.02% 692 $217K New
V Visa Inc. Class A 0.02% 597 $213K New
F Ford Motor Co. filed as FORD MTR CO 0.02% 18,254 $209K Add +19.7%
CCI Crown Castle Inc. 0.02% 1,852 $206K New
KMB Kimberly-Clark Corp. 0.02% 1,605 $204K No change
NFLX Netflix Inc. 0.02% 173 $204K New
MDLZ Mondelez International Inc. Class A 0.02% 2,870 $203K New
HON Honeywell International Inc. 0.02% 900 $202K New
T AT&T Inc. 0.02% 7,201 $202K New
IXC iShares Global Energy ETF 0.02% 4,992 $201K New
FSCO FS Credit Opportunities Corp. 0.01% 14,999 $111K No change
RIG Transocean Ltd. 0.01% 25,000 $75K Add +150.0%

Portfolio Sells Q1 2025 → Q2 2025
NOMD Nomad Foods Ltd. Reduce -55.4% 1.29% −2.03
CROX Crocs Inc. Sold out 0.00% −1.45
MHK Mohawk Industries Inc. Reduce -50.2% 1.56% −1.17
GLD SPDR Gold Shares Reduce -18.1% 3.11% −0.99
AIG American International Group Reduce -10.5% 3.03% −0.50
IAU iShares Gold Trust Reduce -26.4% 1.01% −0.47
WRB WR Berkley Corp. Reduce -21.9% 1.34% −0.42
AZO AutoZone Inc. Reduce -23.7% 1.30% −0.37
TJX TJX Companies Inc. Reduce -13.4% 1.39% −0.27
CME Cme Group Inc. Reduce -15.6% 1.66% −0.27
WM Waste Management Inc. Reduce -10.2% 1.59% −0.25
AWK American Water Works Co. Inc. Sold out 0.00% −0.25
BF.B Brown-Forman Corp. Class B Sold out 0.00% −0.24
WBA Walgreens Boots Alliance Inc. Sold out 0.00% −0.23
EFV iShares MSCI Eafe Value ETF Reduce -11.3% 3.70% −0.22
NTR Nutrien Ltd. Reduce -13.3% 3.50% −0.21
AXP American Express Co. Sold out 0.00% −0.20
JPM JPMorgan Chase & Co. Reduce -83.7% 0.05% −0.19
TTE Totalenergies SE -Spon ADR Reduce -8.4% 1.83% −0.17
GWW WW Grainger Inc. Reduce -12.9% 1.43% −0.17
WMT Walmart Inc. Reduce -9.3% 1.40% −0.14
HDV iShares Core High Dividend E Reduce -4.7% 4.23% −0.11
VFC VF Corp. Sold out 0.00% −0.10
DUK Duke Energy Corp. Reduce -14.8% 0.39% −0.09
EW Edwards Lifesciences Corp. Reduce -14.3% 1.46% −0.09
UNH Unitedhealth Group Inc. Reduce -1.1% 0.10% −0.06
BKNG Booking Holdings Inc. Reduce -20.4% 1.44% −0.06
LMT Lockheed Martin Corp. Reduce -0.0% 0.38% −0.06
NVR NVR Inc. Reduce -15.0% 0.31% −0.04
VTR Ventas Inc. Reduce -12.3% 0.19% −0.04
CLX Clorox Company Reduce -2.9% 0.18% −0.03
BTI British American Tob-SP ADR Reduce -21.2% 0.23% −0.02
PEP Pepsico Inc. Reduce -3.5% 0.25% −0.02
AER Aercap Holdings NV Reduce -12.0% 1.55% −0.01
PG The Procter & Gamble Co. Reduce -0.7% 0.09% −0.01
AON Aon PLC Class A Reduce -6.0% 0.07% −0.00
IGSB iShares 1-5Y Inv Grade Corp. Reduce -9.8% 0.03% −0.00
CMCSA Comcast Corp. Class A Reduce -0.0% 0.06% −0.00
UNP Union Pacific Corp. Reduce -4.3% 0.03% −0.00
PFE Pfizer Inc. Reduce -10.1% 0.02% −0.00
MRK Merck & Co. Inc. Reduce -0.0% 0.06% +0.00
AAPL Apple Inc. Reduce -2.2% 0.30% +0.01
DHI D.R. Horton Inc. Reduce -8.6% 1.34% +0.06
SNA Snap-on Inc. Reduce -3.0% 1.68% +0.07
EMXC iShares MSCI Emr MRK Ex Chna Reduce -4.4% 1.15% +0.07
RTX RTX Corp. Reduce -5.7% 2.08% +0.22
IUSV iShares Core S&P U.S. Value Reduce -1.5% 4.27% +0.32
GNK Genco Shipping & Trading Ltd. Reduce -1.3% 2.00% +0.38
MYRG MYR Group Inc./Delaware Reduce -11.7% 2.24% +0.78

Portfolio Buys Q1 2025 → Q2 2025
MCK McKesson Corp. New 1.41% +1.41
BHP BHP Group Ltd.-Spon ADR Add +66.6% 3.16% +1.40
KR Kroger Co. New 1.37% +1.37
HCA HCA Healthcare Inc. New 1.35% +1.35
BRK.B Berkshire Hathaway Inc. Class B Add +52.9% 2.78% +0.78
GNRC Generac Holdings Inc. Add +7.3% 1.85% +0.62
DIS The Walt Disney Co. Add +8.3% 1.88% +0.62
PFF iShares Preferred & Income S Add +7.8% 3.12% +0.26
ABBV Abbvie Inc. New 0.22% +0.22
FANG Diamondback Energy Inc. New 0.20% +0.20
SJM The JM Smucker Co. New 0.18% +0.18
UL Unilever PLC New 0.18% +0.18
JIII JNS Hndrsn Incm ETF Add +5.0% 4.27% +0.10
TLT iShares 20+ Year Treasury BD Add +6.9% 4.13% +0.09
GOOG Alphabet Inc. Class C Add +1.4% 0.22% +0.04
LYB Lyondellbasell Indu Class A Add +15.4% 0.21% +0.04
GEV GE Vernova Inc. New 0.03% +0.03
HAL Halliburton Co. Add +15.9% 0.22% +0.03
ACN Accenture PLC Class A Add +5.6% 1.32% +0.02
USB US Bancorp New 0.02% +0.02
IDV iShares International Select New 0.02% +0.02
RSP Invesco S&P 500 Equal Weight New 0.02% +0.02
VTI VG Morningstar TS MKT ETF-US New 0.02% +0.02
V Visa Inc. Class A New 0.02% +0.02
CCI Crown Castle Inc. New 0.02% +0.02
NFLX Netflix Inc. New 0.02% +0.02
MDLZ Mondelez International Inc. Class A New 0.02% +0.02
T AT&T Inc. New 0.02% +0.02
HON Honeywell International Inc. New 0.02% +0.02
IXC iShares Global Energy ETF New 0.02% +0.02
GE General Electric Add +12.5% 0.05% +0.02
XEL Xcel Energy Inc. Add +38.0% 0.06% +0.02
MCD McDonald's Corp. Add +24.3% 0.13% +0.02
F Ford Motor Co. Add +19.7% 0.02% +0.01
RIG Transocean Ltd. Add +150.0% 0.01% +0.01
BMY Bristol-Myers Squibb Co. Add +1.7% 0.23% −0.01
DEO Diageo PLC-Sponsored ADR Add +2.3% 1.52% −0.08
ISTB iShares Core 1-5 Year Usd Bo Add +1.6% 5.34% −0.15
SHV iShares 0-1 Year Treasury Bo Add +1.7% 6.48% −0.22

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