Townsend Asset Management Corp. /NC/
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 29, 2024), Townsend Asset Management Corp. /NC/ reported 196 stock positions worth $251.6 million. Its top holding was Invesco QQQ Trust Series 1 (QQQ) at 6.8% of the portfolio, followed by Wisdomtree U.S. Quality Divi (DGRW, 5.1%) and Qualcomm (QCOM, 4.3%). Compared with Q4 2023, it opened 13 new positions, sold out of 10, added to 81 and reduced 46. The biggest buy was Vanguard S&P 500 ETF (VOO, shares +937%) and the biggest sale Vanguard Dividend Apprec ETF (VIG, shares −15%).
- Most Recent 13F
- Q2 2026
- Location
- RALEIGH, NC
- CIK
- 0000709089
- Portfolio Value
- $251.6M (Q1 2024)
- SEC Filing
- 0001398344-24-008164 ↗ filed Apr 29, 2024
Holdings Value
Holdings 196 stocks · $251.6M
| QQQ Invesco QQQ Trust Series 1 | 6.84% | 38,732 | $17.2M | Add +1.5% |
| DGRW Wisdomtree U.S. Quality Divi | 5.10% | 168,247 | $12.8M | Add +3.7% |
| QCOM Qualcomm Inc. | 4.30% | 63,826 | $10.8M | Add +1.2% |
| AMZN Amazon.com Inc. | 3.87% | 54,030 | $9.7M | Add +3.9% |
| V Visa Inc. Class A | 3.59% | 32,341 | $9.0M | Add +3.6% |
| MSFT Microsoft Corp. | 3.47% | 20,762 | $8.7M | Add +3.9% |
| JPM JPMorgan Chase & Co. | 3.39% | 42,541 | $8.5M | Add +2.5% |
| WAB Wabtec Corp. | 3.19% | 55,056 | $8.0M | Reduce -1.6% |
| MAR Marriott International Class A | 3.11% | 30,968 | $7.8M | Add +0.2% |
| AAPL Apple Inc. | 2.84% | 41,700 | $7.2M | Add +0.5% |
| COST Costco Wholesale Corp. | 2.44% | 8,390 | $6.1M | Add +2.1% |
| STZ Constellation Brands Inc. Class A | 2.40% | 22,261 | $6.0M | Add +2.3% |
| PYPL PayPal Holdings Inc. | 2.35% | 88,194 | $5.9M | Add +5.9% |
| DHR Danaher Corp. | 1.93% | 19,424 | $4.9M | Add +8.8% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.86% | 38,177 | $4.7M | Add +0.5% |
| WYNN WYNN Resorts Ltd. | 1.66% | 40,847 | $4.2M | Add +0.2% |
| GOOGL Alphabet Inc. Class A | 1.61% | 26,883 | $4.1M | Add +5.5% |
| ZTS Zoetis Inc. | 1.60% | 23,858 | $4.0M | Add +4.3% |
| CGGR Cap Group Growth Equity | 1.49% | 116,879 | $3.7M | Add +3.8% |
| VOO Vanguard S&P 500 ETF | 1.43% | 7,480 | $3.6M | Add +937.5% |
| FNDB Schwab Fndmntl US BRD Mr ETF | 1.34% | 51,012 | $3.4M | Add +0.1% |
| OWL Blue Owl Capital Inc. | 1.27% | 169,757 | $3.2M | Add +17.2% |
| SCHG Schwab US Large-Cap Growth | 1.22% | 33,184 | $3.1M | Add +3.1% |
| DUK Duke Energy Corp. | 1.22% | 31,668 | $3.1M | Add +0.4% |
| ACN Accenture PLC Class A | 1.21% | 8,780 | $3.0M | Add +0.9% |
| IJH iShares Core S&P Midcap ETF | 1.18% | 48,892 | $3.0M | Reduce -0.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.15% | 6,888 | $2.9M | Add +16.9% |
| ECL Ecolab Inc. | 0.99% | 10,776 | $2.5M | Add +2.3% |
| PG The Procter & Gamble Co. | 0.97% | 15,006 | $2.4M | Reduce -2.0% |
| NVDA Nvidia Corp. | 0.93% | 2,590 | $2.3M | Add +11.6% |
| SCHD Schwab US DVD Equity ETF | 0.93% | 28,870 | $2.3M | Reduce -2.2% |
| SCHX Schwab US Large-Cap ETF | 0.88% | 35,480 | $2.2M | Reduce -8.6% |
| AMT American Tower Corp. | 0.80% | 10,172 | $2.0M | Add +27.1% |
| LLY Eli Lilly & Co. | 0.75% | 2,418 | $1.9M | Add +0.8% |
| ADP Automatic Data Processing | 0.74% | 7,423 | $1.9M | No change |
| DVY iShares Select Dividend ETF | 0.74% | 15,035 | $1.9M | Reduce -0.5% |
| HD Home Depot Inc. | 0.73% | 4,809 | $1.8M | Add +1.8% |
| IWB iShares Russell 1000 ETF | 0.72% | 6,278 | $1.8M | Reduce -0.3% |
| USMV iShares MSCI USA Min Vol Fac | 0.69% | 20,649 | $1.7M | Add +194.4% |
| IWF iShares Russell 1000 Growth | 0.64% | 4,749 | $1.6M | Reduce -1.1% |
| MCD McDonald's Corp. | 0.63% | 5,630 | $1.6M | Add +0.1% |
| VIG Vanguard Dividend Apprec ETF | 0.63% | 8,626 | $1.6M | Reduce -15.3% |
| ROP Roper Technologies Inc. | 0.59% | 2,631 | $1.5M | No change |
| AFL Aflac Inc. | 0.57% | 16,838 | $1.4M | No change |
| KO The Coca-Cola Co. | 0.54% | 22,291 | $1.4M | Add +8.9% |
| VTI VG Morningstar TS MKT ETF-US | 0.53% | 5,086 | $1.3M | Reduce -5.2% |
| JNJ Johnson & Johnson | 0.51% | 8,162 | $1.3M | Reduce -3.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.49% | 2,375 | $1.2M | Add +3.0% |
| XLK SS Technology Select Sector | 0.49% | 5,944 | $1.2M | Add +3.1% |
| RSP Invesco S&P 500 Equal Weight | 0.48% | 7,108 | $1.2M | Reduce -2.3% |
| CVX Chevron Corp. | 0.47% | 7,499 | $1.2M | Add +3.4% |
| UNH Unitedhealth Group Inc. | 0.47% | 2,377 | $1.2M | Add +6.1% |
| MRK Merck & Co. Inc. | 0.44% | 8,410 | $1.1M | Add +0.1% |
| IJR iShares Core S&P Small-Cap E | 0.43% | 9,772 | $1.1M | Add +0.1% |
| IWO iShares Russell 2000 Growth | 0.41% | 3,821 | $1.0M | Add +0.1% |
| FISV Fiserv Inc. | 0.40% | 6,245 | $998K | No change |
| GOOG Alphabet Inc. Class C | 0.34% | 5,632 | $858K | No change |
| FNDA Schwab Fndmntl US SM Co. ETF | 0.34% | 14,795 | $844K | Reduce -2.1% |
| SPGI S&P Global Inc. | 0.33% | 1,932 | $822K | Add +4.7% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 0.32% | 11,896 | $802K | Add +1.4% |
| CAT Caterpillar Inc. | 0.31% | 2,160 | $792K | Add +7.0% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.31% | 3,002 | $783K | Reduce -0.9% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.30% | 4,666 | $760K | Reduce -1.5% |
| IWM iShares Russell 2000 ETF | 0.30% | 3,560 | $749K | Add +0.2% |
| AVGO Broadcom Inc. | 0.30% | 560 | $743K | Reduce -0.5% |
| SCHB Schwab US Broad Market ETF | 0.29% | 12,008 | $733K | Add +1.0% |
| WMT Walmart Inc. | 0.29% | 12,134 | $730K | Reduce -2.4% |
| SCHM Schwab US Mid Cap ETF | 0.28% | 8,797 | $716K | Add +0.2% |
| IVV iShares Core S&P 500 ETF | 0.27% | 1,281 | $674K | Reduce -2.5% |
| EFA iShares MSCI Eafe ETF | 0.26% | 8,255 | $659K | Reduce -3.4% |
| SPLV Invesco S&P 500 Low Volatili | 0.26% | 9,992 | $658K | Reduce -1.3% |
| IEMG iShares Core MSCI Emerging | 0.24% | 11,776 | $608K | New |
| XOM Exxon Mobil Corp. | 0.24% | 5,091 | $592K | Add +0.1% |
| HON Honeywell International Inc. | 0.23% | 2,776 | $570K | Add +4.6% |
| TGT Target Corp. | 0.23% | 3,202 | $567K | Add +18.8% |
| IWN iShares Russell 2000 Value E | 0.22% | 3,426 | $544K | Add +0.3% |
| PEP Pepsico Inc. | 0.21% | 3,072 | $538K | Add +16.0% |
| COP Conocophillips | 0.21% | 4,182 | $532K | Add +18.2% |
| EPD Enterprise Products Partners | 0.21% | 18,184 | $531K | Add +1.8% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.20% | 2,637 | $506K | Reduce -3.9% |
| SCHA Schwab US Small-Cap ETF | 0.20% | 10,235 | $504K | Add +0.0% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.20% | 1,458 | $502K | Reduce -5.3% |
| BX Blackstone Inc. | 0.20% | 3,812 | $501K | Add +0.1% |
| PSX Phillips 66 | 0.20% | 3,044 | $497K | Reduce -2.6% |
| ADBE Adobe Inc. | 0.20% | 976 | $492K | Reduce -1.8% |
| IWD iShares Russell 1000 Value E | 0.19% | 2,617 | $469K | Add +0.3% |
| IEFA iShares Core MSCI Eafe ETF | 0.18% | 6,160 | $457K | Reduce -3.1% |
| META Meta Platforms Inc. Class A | 0.18% | 941 | $457K | Add +33.7% |
| MA Mastercard Inc. Class A | 0.18% | 944 | $455K | Reduce -0.6% |
| PH Parker Hannifin Corp. | 0.17% | 773 | $430K | New |
| ORCL Oracle Corp. | 0.17% | 3,389 | $426K | Reduce -7.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.17% | 10,986 | $417K | Add +21.2% |
| AMGN Amgen Inc. | 0.16% | 1,430 | $407K | No change |
| DV Doubleverify Holdings Inc. | 0.16% | 11,110 | $391K | New |
| BMY Bristol-Myers Squibb Co. | 0.15% | 7,150 | $388K | No change |
| PRFZ Inv Rafi US 1500 SM-Usd Inc. | 0.15% | 9,739 | $383K | Reduce -3.9% |
| AMD Advanced Micro Devices | 0.15% | 2,059 | $372K | Add +2.5% |
| SPHB Invesco S&P 500 High Beta Et | 0.14% | 4,030 | $354K | No change |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 0.14% | 1,481 | $349K | Add +0.1% |
| ADI Analog Devices Inc. | 0.13% | 1,710 | $338K | No change |
Portfolio Sells Q4 2023 → Q1 2024
| VIG Vanguard Dividend Apprec ETF | Reduce -15.3% | 0.63% | −0.17 |
| XLE SS Energy Select Sector | Reduce -87.6% | 0.02% | −0.16 |
| APTV Aptiv Irish Holdings Ltd. | Sold out | 0.00% | −0.15 |
| SCHX Schwab US Large-Cap ETF | Reduce -8.6% | 0.88% | −0.13 |
| CVS CVS Health Corp. | Sold out | 0.00% | −0.11 |
| SCHD Schwab US DVD Equity ETF | Reduce -2.2% | 0.93% | −0.10 |
| O Realty Income Corp. | Sold out | 0.00% | −0.09 |
| JNJ Johnson & Johnson | Reduce -3.2% | 0.51% | −0.09 |
| SPYX SS SPDR S&P 500 Foss FL ETF | Sold out | 0.00% | −0.09 |
| TAN Invesco Solar ETF | Sold out | 0.00% | −0.09 |
| ADBE Adobe Inc. | Reduce -1.8% | 0.20% | −0.08 |
| DVY iShares Select Dividend ETF | Reduce -0.5% | 0.74% | −0.07 |
| IJH iShares Core S&P Midcap ETF | Reduce -0.3% | 1.18% | −0.06 |
| PG The Procter & Gamble Co. | Reduce -2.0% | 0.97% | −0.06 |
| FNDE Schwab Fndmntl Em MRK Eq ETF | Reduce -41.8% | 0.06% | −0.06 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -5.2% | 0.53% | −0.06 |
| WAB Wabtec Corp. | Reduce -1.6% | 3.19% | −0.06 |
| FNDA Schwab Fndmntl US SM Co. ETF | Reduce -2.1% | 0.34% | −0.05 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -21.0% | 0.13% | −0.05 |
| RSP Invesco S&P 500 Equal Weight | Reduce -2.3% | 0.48% | −0.05 |
| AGGY Wisdomtree Yield Enhanced US | Reduce -65.6% | 0.02% | −0.04 |
| IWB iShares Russell 1000 ETF | Reduce -0.3% | 0.72% | −0.04 |
| EFA iShares MSCI Eafe ETF | Reduce -3.4% | 0.26% | −0.03 |
| IWF iShares Russell 1000 Growth | Reduce -1.1% | 0.64% | −0.03 |
| SPLV Invesco S&P 500 Low Volatili | Reduce -1.3% | 0.26% | −0.03 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -3.9% | 0.20% | −0.02 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | Reduce -0.9% | 0.31% | −0.02 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -3.1% | 0.18% | −0.02 |
| PRFZ Inv Rafi US 1500 SM-Usd Inc. | Reduce -3.9% | 0.15% | −0.02 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -1.5% | 0.30% | −0.02 |
| BSV Vanguard Short-Term Bond ETF | Reduce -74.6% | 0.01% | −0.02 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -5.3% | 0.20% | −0.02 |
| IVV iShares Core S&P 500 ETF | Reduce -2.5% | 0.27% | −0.02 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Reduce -23.4% | 0.03% | −0.02 |
| MAIN Main Street Capital Corp. | Reduce -5.1% | 0.13% | −0.01 |
| BND Vanguard Total Bond Market | Reduce -2.0% | 0.06% | −0.01 |
| EL Estee Lauder Companies Class A | Reduce -0.1% | 0.11% | −0.01 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -11.4% | 0.04% | −0.01 |
| WMT Walmart Inc. | Reduce -2.4% | 0.29% | −0.01 |
| SCHZ Schwab US Aggregate Bond ETF | Reduce -3.7% | 0.03% | −0.01 |
| ORCL Oracle Corp. | Reduce -7.4% | 0.17% | −0.01 |
| IEI iShares 3-7 Year Treasury Bo | Reduce -76.7% | 0.00% | −0.01 |
| IVW iShares S&P 500 Growth ETF | Reduce -13.3% | 0.03% | −0.01 |
| LOW Lowe's Cos Inc. | Reduce -4.5% | 0.10% | −0.01 |
| IYW iShares Ustechnology ETF | Reduce -9.5% | 0.03% | −0.01 |
| IBM Intl Business Machines Corp. | Reduce -5.5% | 0.11% | −0.00 |
| EFAV iShares MSCI Eafe Min Vol Fa | Reduce -9.1% | 0.02% | −0.00 |
| MA Mastercard Inc. Class A | Reduce -0.6% | 0.18% | −0.00 |
| RDIV Invesco S&P Ultra Dividend | Sold out | 0.00% | −0.00 |
| QQQJ Invesco Nasdaq Next Gen 100 | Sold out | 0.00% | −0.00 |
Portfolio Buys Q4 2023 → Q1 2024
| VOO Vanguard S&P 500 ETF | Add +937.5% | 1.43% | +1.29 |
| USMV iShares MSCI USA Min Vol Fac | Add +194.4% | 0.69% | +0.44 |
| NVDA Nvidia Corp. | Add +11.6% | 0.93% | +0.41 |
| DIS The Walt Disney Co. | Add +0.5% | 1.86% | +0.29 |
| OWL Blue Owl Capital Inc. | Add +17.2% | 1.27% | +0.29 |
| AMZN Amazon.com Inc. | Add +3.9% | 3.87% | +0.26 |
| IEMG iShares Core MSCI Emerging | New | 0.24% | +0.24 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +16.9% | 1.15% | +0.19 |
| PH Parker Hannifin Corp. | New | 0.17% | +0.17 |
| JPM JPMorgan Chase & Co. | Add +2.5% | 3.39% | +0.16 |
| DV Doubleverify Holdings Inc. | New | 0.16% | +0.16 |
| QCOM Qualcomm Inc. | Add +1.2% | 4.30% | +0.13 |
| NFLX Netflix Inc. | New | 0.12% | +0.12 |
| SYK Stryker Corp. | New | 0.12% | +0.12 |
| ASML ASML Holding NV-NY Reg SHS | New | 0.12% | +0.12 |
| XLV SS Health Care Select Sector | Add +93000.0% | 0.11% | +0.11 |
| LLY Eli Lilly & Co. | Add +0.8% | 0.75% | +0.11 |
| ABT Abbott Laboratories | New | 0.10% | +0.10 |
| MLM Martin Marietta Materials | New | 0.10% | +0.10 |
| XVV iShares ESG Select Screened | New | 0.09% | +0.09 |
| GLW Corning Inc. | New | 0.08% | +0.08 |
| NVO Novo-Nordisk A/S-Spons ADR | New | 0.08% | +0.08 |
| DOW Dow Inc. | New | 0.08% | +0.08 |
| META Meta Platforms Inc. Class A | Add +33.7% | 0.18% | +0.07 |
| TGT Target Corp. | Add +18.8% | 0.23% | +0.05 |
| NZUS SS SPDR MSCI U Class P Al ETF | New | 0.04% | +0.04 |
| CAT Caterpillar Inc. | Add +7.0% | 0.31% | +0.04 |
| DHR Danaher Corp. | Add +8.8% | 1.93% | +0.04 |
| MSFT Microsoft Corp. | Add +3.9% | 3.47% | +0.04 |
| ECL Ecolab Inc. | Add +2.3% | 0.99% | +0.03 |
| CGGR Cap Group Growth Equity | Add +3.8% | 1.49% | +0.03 |
| BAC Bank of America Corp. | Add +21.2% | 0.17% | +0.03 |
| COP Conocophillips | Add +18.2% | 0.21% | +0.02 |
| MRK Merck & Co. Inc. | Add +0.1% | 0.44% | +0.02 |
| LEGG MASON ETF INVT | Add +25.2% | 0.11% | +0.02 |
| BIV Vanguard Intermediate-Term B | Add +190.8% | 0.03% | +0.02 |
| ABBV Abbvie Inc. | Add +12.1% | 0.10% | +0.01 |
| AMD Advanced Micro Devices | Add +2.5% | 0.15% | +0.01 |
| PYPL PayPal Holdings Inc. | Add +5.9% | 2.35% | +0.01 |
| AMT American Tower Corp. | Add +27.1% | 0.80% | +0.01 |
| PEP Pepsico Inc. | Add +16.0% | 0.21% | +0.01 |
| XOM Exxon Mobil Corp. | Add +0.1% | 0.24% | +0.00 |
| DE Deere & Co. | Add +14.7% | 0.10% | +0.00 |
| SCHG Schwab US Large-Cap Growth | Add +3.1% | 1.22% | +0.00 |
| STZ Constellation Brands Inc. Class A | Add +2.3% | 2.40% | +0.00 |
| RPG Invesco S&P 500 Pure Growth | Add +0.1% | 0.02% | −0.00 |
| RSPH Invesco S&P 500 Equal Weight | Add +0.2% | 0.01% | −0.00 |
| XLP SS Consumer Staples Sel Sect | Add +0.6% | 0.01% | −0.00 |
| BDX Becton Dickinson and Co. | Add +12.6% | 0.11% | −0.00 |
| PHO Invesco Water Resources ETF | Add +0.1% | 0.03% | −0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 195 | $311.8M | QQQ, DGRW, AMZN, JPM, V |
| Q1 2026 | 187 | $276.7M | DGRW, QQQ, AMZN, JPM, WAB |
| Q4 2025 | 176 | $283.9M | QQQ, DGRW, AMZN, QCOM, JPM |
| Q3 2025 | 169 | $281.0M | QQQ, DGRW, AMZN, QCOM, JPM |
| Q2 2025 | 177 | $276.1M | QQQ, DGRW, AMZN, QCOM, JPM |
| Q1 2025 | 174 | $259.4M | QQQ, DGRW, AMZN, QCOM, V |
| Q4 2024 | 185 | $273.7M | QQQ, DGRW, AMZN, QCOM, JPM |
| Q3 2024 | 195 | $269.4M | QQQ, DGRW, QCOM, AMZN, AAPL |
| Q2 2024 | 196 | $258.0M | QQQ, DGRW, QCOM, AMZN, MSFT |
| Q1 2024 | 196 | $251.6M | QQQ, DGRW, QCOM, AMZN, V |