Townsend Asset Management Corp. /NC/
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 21, 2024), Townsend Asset Management Corp. /NC/ reported 195 stock positions worth $269.4 million. Its top holding was Invesco QQQ Trust Series 1 (QQQ) at 7.0% of the portfolio, followed by Wisdomtree U.S. Quality Divi (DGRW, 5.3%) and Qualcomm (QCOM, 4.3%). Compared with Q2 2024, it opened 7 new positions, sold out of 8, added to 60 and reduced 67. The biggest buy was a new position in SLB (SLB) and the biggest sale Constellation Brands Class A (STZ, shares −68%).
- Most Recent 13F
- Q2 2026
- Location
- RALEIGH, NC
- CIK
- 0000709089
- Portfolio Value
- $269.4M (Q3 2024)
- SEC Filing
- 0001398344-24-019092 ↗ filed Oct 21, 2024
Holdings Value
Holdings 195 stocks · $269.4M
| QQQ Invesco QQQ Trust Series 1 | 7.00% | 38,659 | $18.9M | Reduce -0.6% |
| DGRW Wisdomtree U.S. Quality Divi | 5.34% | 172,929 | $14.4M | Add +1.4% |
| QCOM Qualcomm Inc. | 4.28% | 67,742 | $11.5M | Add +4.0% |
| AMZN Amazon.com Inc. | 4.00% | 57,906 | $10.8M | Reduce -1.4% |
| AAPL Apple Inc. | 3.65% | 42,224 | $9.8M | Reduce -0.5% |
| V Visa Inc. Class A | 3.37% | 32,976 | $9.1M | Add +0.4% |
| JPM JPMorgan Chase & Co. | 3.35% | 42,861 | $9.0M | Reduce -1.2% |
| MSFT Microsoft Corp. | 3.32% | 20,796 | $8.9M | Add +0.3% |
| WAB Wabtec Corp. | 3.15% | 46,620 | $8.5M | Reduce -14.2% |
| COST Costco Wholesale Corp. | 2.60% | 7,897 | $7.0M | Reduce -7.1% |
| MAR Marriott International Class A | 2.42% | 26,271 | $6.5M | Reduce -15.0% |
| DHR Danaher Corp. | 2.15% | 20,804 | $5.8M | Reduce -1.1% |
| ZTS Zoetis Inc. | 1.72% | 23,716 | $4.6M | Reduce -1.3% |
| CGGR Cap Group Growth Equity | 1.67% | 129,493 | $4.5M | Add +5.1% |
| OWL Blue Owl Capital Inc. | 1.63% | 227,508 | $4.4M | Add +32.6% |
| GOOGL Alphabet Inc. Class A | 1.61% | 26,119 | $4.3M | Reduce -3.7% |
| VOO Vanguard S&P 500 ETF | 1.55% | 7,922 | $4.2M | Add +0.1% |
| WYNN WYNN Resorts Ltd. | 1.51% | 42,295 | $4.1M | Add +6.7% |
| DVY iShares Select Dividend ETF | 1.47% | 29,379 | $4.0M | Add +21.8% |
| DUK Duke Energy Corp. | 1.38% | 32,135 | $3.7M | Add +0.8% |
| SCHG Schwab US Large-Cap Growth | 1.37% | 35,325 | $3.7M | Add +1.0% |
| FNDB Schwab Fndmntl US BRD Mr ETF | 1.33% | 50,999 | $3.6M | Add +0.3% |
| PH Parker Hannifin Corp. | 1.25% | 5,325 | $3.4M | Add +62.7% |
| AMT American Tower Corp. | 1.14% | 13,160 | $3.1M | Add +5.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.13% | 6,642 | $3.1M | Reduce -3.5% |
| ACN Accenture PLC Class A | 1.13% | 8,634 | $3.1M | Reduce -3.0% |
| PYPL PayPal Holdings Inc. | 1.11% | 38,409 | $3.0M | Reduce -1.4% |
| IJH iShares Core S&P Midcap ETF | 1.10% | 47,401 | $3.0M | Reduce -1.3% |
| NVDA Nvidia Corp. | 1.09% | 24,267 | $2.9M | Reduce -2.0% |
| ECL Ecolab Inc. | 0.98% | 10,368 | $2.6M | Reduce -4.1% |
| SCHX Schwab US Large-Cap ETF | 0.89% | 35,388 | $2.4M | Reduce -0.2% |
| PG The Procter & Gamble Co. | 0.87% | 13,534 | $2.3M | Reduce -7.5% |
| SCHD Schwab US DVD Equity ETF | 0.83% | 26,546 | $2.2M | Add +0.7% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.80% | 8,052 | $2.2M | Add +156.7% |
| LLY Eli Lilly & Co. | 0.78% | 2,386 | $2.1M | Reduce -0.3% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.77% | 49,188 | $2.1M | New |
| HD Home Depot Inc. | 0.70% | 4,660 | $1.9M | Reduce -0.7% |
| IWB iShares Russell 1000 ETF | 0.70% | 6,004 | $1.9M | Reduce -2.3% |
| STZ Constellation Brands Inc. Class A | 0.70% | 7,283 | $1.9M | Reduce -67.7% |
| USMV iShares MSCI USA Min Vol Fac | 0.70% | 20,515 | $1.9M | Add +0.1% |
| DV Doubleverify Holdings Inc. | 0.69% | 109,610 | $1.8M | Add +259.8% |
| ADP Automatic Data Processing | 0.67% | 6,506 | $1.8M | Reduce -12.3% |
| AFL Aflac Inc. | 0.67% | 16,058 | $1.8M | Reduce -4.6% |
| MCD McDonald's Corp. | 0.63% | 5,606 | $1.7M | Reduce -0.5% |
| IWF iShares Russell 1000 Growth | 0.63% | 4,511 | $1.7M | Reduce -2.5% |
| VIG Vanguard Dividend Apprec ETF | 0.56% | 7,593 | $1.5M | Add +0.3% |
| VTI VG Morningstar TS MKT ETF-US | 0.54% | 5,100 | $1.4M | Add +0.3% |
| KO The Coca-Cola Co. | 0.53% | 19,750 | $1.4M | Reduce -11.7% |
| ROP Roper Technologies Inc. | 0.51% | 2,445 | $1.4M | Reduce -7.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.50% | 2,353 | $1.3M | Reduce -1.8% |
| XLK SS Technology Select Sector | 0.50% | 5,955 | $1.3M | Add +0.0% |
| RSP Invesco S&P 500 Equal Weight | 0.47% | 7,113 | $1.3M | Reduce -0.2% |
| JNJ Johnson & Johnson | 0.46% | 7,680 | $1.2M | Reduce -5.0% |
| IJR iShares Core S&P Small-Cap E | 0.42% | 9,756 | $1.1M | Add +0.1% |
| IWM iShares Russell 2000 ETF | 0.42% | 5,135 | $1.1M | Add +44.0% |
| IWO iShares Russell 2000 Growth | 0.40% | 3,834 | $1.1M | Add +0.2% |
| CVX Chevron Corp. | 0.36% | 6,664 | $981K | Reduce -8.8% |
| WMT Walmart Inc. | 0.36% | 12,104 | $977K | Reduce -0.3% |
| AVGO Broadcom Inc. | 0.36% | 5,602 | $966K | Reduce -0.1% |
| FISV Fiserv Inc. | 0.35% | 5,295 | $951K | Reduce -15.2% |
| MRK Merck & Co. Inc. | 0.35% | 8,353 | $949K | Reduce -0.8% |
| GOOG Alphabet Inc. Class C | 0.35% | 5,610 | $938K | Reduce -0.4% |
| FNDA Schwab Fndmntl US SM Co. ETF | 0.32% | 14,506 | $864K | Add +0.1% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 0.32% | 11,919 | $855K | Add +0.2% |
| CAT Caterpillar Inc. | 0.31% | 2,161 | $845K | No change |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.30% | 4,657 | $813K | Add +0.6% |
| UNH Unitedhealth Group Inc. | 0.30% | 1,373 | $803K | Add +0.2% |
| SCHB Schwab US Broad Market ETF | 0.29% | 11,668 | $776K | Reduce -2.8% |
| IVV iShares Core S&P 500 ETF | 0.28% | 1,303 | $751K | Reduce -2.2% |
| SCHM Schwab US Mid Cap ETF | 0.27% | 8,729 | $725K | Add +0.1% |
| AMGN Amgen Inc. | 0.27% | 2,219 | $715K | Add +47.0% |
| SPLV Invesco S&P 500 Low Volatili | 0.26% | 9,782 | $702K | Reduce -0.7% |
| SPGI S&P Global Inc. | 0.26% | 1,349 | $697K | Reduce -30.2% |
| IEMG iShares Core MSCI Emerging | 0.25% | 11,776 | $676K | No change |
| EFA iShares MSCI Eafe ETF | 0.25% | 8,043 | $673K | Reduce -3.4% |
| META Meta Platforms Inc. Class A | 0.23% | 1,095 | $627K | Add +6.4% |
| BX Blackstone Inc. | 0.22% | 3,819 | $585K | Add +0.1% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.22% | 2,888 | $580K | Add +9.5% |
| XOM Exxon Mobil Corp. | 0.21% | 4,937 | $579K | Reduce -3.1% |
| ORCL Oracle Corp. | 0.21% | 3,390 | $578K | No change |
| IWN iShares Russell 2000 Value E | 0.21% | 3,459 | $577K | Add +0.5% |
| EPD Enterprise Products Partners | 0.21% | 19,697 | $573K | Add +1.7% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.21% | 1,492 | $573K | Add +2.8% |
| HON Honeywell International Inc. | 0.21% | 2,686 | $555K | No change |
| SCHA Schwab US Small-Cap ETF | 0.20% | 10,239 | $527K | Add +0.0% |
| ADBE Adobe Inc. | 0.19% | 970 | $502K | Reduce -0.6% |
| PEP Pepsico Inc. | 0.19% | 2,943 | $500K | Reduce -3.4% |
| IWD iShares Russell 1000 Value E | 0.19% | 2,631 | $499K | Add +0.3% |
| IEFA iShares Core MSCI Eafe ETF | 0.18% | 6,171 | $482K | No change |
| NFLX Netflix Inc. | 0.17% | 655 | $465K | No change |
| XLI SS Industrial Select Sector | 0.17% | 3,284 | $445K | Reduce -36.2% |
| MA Mastercard Inc. Class A | 0.16% | 898 | $443K | Reduce -5.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.16% | 10,952 | $435K | Reduce -0.7% |
| COP Conocophillips | 0.16% | 4,108 | $432K | Add +0.0% |
| PRFZ Inv Rafi US 1500 SM-Usd Inc. | 0.15% | 9,757 | $405K | Add +0.1% |
| PSX Phillips 66 | 0.15% | 3,012 | $396K | Reduce -1.3% |
| ADI Analog Devices Inc. | 0.15% | 1,710 | $394K | No change |
| TGT Target Corp. | 0.14% | 2,495 | $389K | Reduce -3.1% |
| MAIN Main Street Capital Corp. | 0.14% | 7,614 | $382K | Add +5.9% |
| BMY Bristol-Myers Squibb Co. | 0.14% | 7,150 | $370K | No change |
Portfolio Sells Q2 2024 → Q3 2024
| STZ Constellation Brands Inc. Class A | Reduce -67.7% | 0.70% | −1.55 |
| DIS The Walt Disney Co. | Sold out | 0.00% | −0.57 |
| MAR Marriott International Class A | Reduce -15.0% | 2.42% | −0.47 |
| AMZN Amazon.com Inc. | Reduce -1.4% | 4.00% | −0.39 |
| GOOGL Alphabet Inc. Class A | Reduce -3.7% | 1.61% | −0.31 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -0.6% | 7.00% | −0.22 |
| COST Costco Wholesale Corp. | Reduce -7.1% | 2.60% | −0.20 |
| WAB Wabtec Corp. | Reduce -14.2% | 3.15% | −0.18 |
| SYK Stryker Corp. | Sold out | 0.00% | −0.11 |
| NVDA Nvidia Corp. | Reduce -2.0% | 1.09% | −0.09 |
| IBTX Independent Bank Group Inc. | Sold out | 0.00% | −0.09 |
| NVO Novo-Nordisk A/S-Spons ADR | Sold out | 0.00% | −0.09 |
| CLX Clorox Company | Sold out | 0.00% | −0.08 |
| CVX Chevron Corp. | Reduce -8.8% | 0.36% | −0.08 |
| XLI SS Industrial Select Sector | Reduce -36.2% | 0.17% | −0.08 |
| SPGI S&P Global Inc. | Reduce -30.2% | 0.26% | −0.08 |
| ROP Roper Technologies Inc. | Reduce -7.1% | 0.51% | −0.07 |
| PG The Procter & Gamble Co. | Reduce -7.5% | 0.87% | −0.07 |
| LLY Eli Lilly & Co. | Reduce -0.3% | 0.78% | −0.06 |
| GOOG Alphabet Inc. Class C | Reduce -0.4% | 0.35% | −0.05 |
| MRK Merck & Co. Inc. | Reduce -0.8% | 0.35% | −0.05 |
| JPM JPMorgan Chase & Co. | Reduce -1.2% | 3.35% | −0.05 |
| KO The Coca-Cola Co. | Reduce -11.7% | 0.53% | −0.02 |
| IWF iShares Russell 1000 Growth | Reduce -2.5% | 0.63% | −0.02 |
| ADBE Adobe Inc. | Reduce -0.6% | 0.19% | −0.02 |
| PSX Phillips 66 | Reduce -1.3% | 0.15% | −0.02 |
| ADP Automatic Data Processing | Reduce -12.3% | 0.67% | −0.02 |
| IHDG Wisdomtree International Hed | Reduce -16.6% | 0.07% | −0.02 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | Reduce -46.2% | 0.02% | −0.02 |
| FNDE Schwab Fndmntl Em MRK Eq ETF | Reduce -31.7% | 0.04% | −0.02 |
| ECL Ecolab Inc. | Reduce -4.1% | 0.98% | −0.01 |
| XOM Exxon Mobil Corp. | Reduce -3.1% | 0.21% | −0.01 |
| AGGY Wisdomtree Yield Enhanced US | Reduce -65.9% | 0.01% | −0.01 |
| LRGE Clearbridge Large Cap Growth | Reduce -9.0% | 0.10% | −0.01 |
| PEP Pepsico Inc. | Reduce -3.4% | 0.19% | −0.01 |
| BAC Bank of America Corp. | Reduce -0.7% | 0.16% | −0.01 |
| IWB iShares Russell 1000 ETF | Reduce -2.3% | 0.70% | −0.01 |
| BDX Becton Dickinson and Co. | Reduce -7.0% | 0.09% | −0.01 |
| FISV Fiserv Inc. | Reduce -15.2% | 0.35% | −0.01 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Reduce -28.3% | 0.02% | −0.01 |
| XVV iShares ESG Select Screened | Reduce -7.3% | 0.08% | −0.01 |
| RSPH Invesco S&P 500 Equal Weight | Sold out | 0.00% | −0.01 |
| PBW Invesco Wilderhill Clean Ene | Reduce -12.1% | 0.03% | −0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -1.8% | 0.50% | −0.00 |
| SCHB Schwab US Broad Market ETF | Reduce -2.8% | 0.29% | −0.00 |
| SCHZ Schwab US Aggregate Bond ETF | Reduce -13.7% | 0.02% | −0.00 |
| IVV iShares Core S&P 500 ETF | Reduce -2.2% | 0.28% | −0.00 |
| TGT Target Corp. | Reduce -3.1% | 0.14% | −0.00 |
| EFA iShares MSCI Eafe ETF | Reduce -3.4% | 0.25% | −0.00 |
| BND Vanguard Total Bond Market | Reduce -4.6% | 0.05% | −0.00 |
Portfolio Buys Q2 2024 → Q3 2024
| SLB SLB Ltd. | New | 0.77% | +0.77 |
| PH Parker Hannifin Corp. | Add +62.7% | 1.25% | +0.61 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | Add +156.7% | 0.80% | +0.50 |
| DV Doubleverify Holdings Inc. | Add +259.8% | 0.69% | +0.46 |
| OWL Blue Owl Capital Inc. | Add +32.6% | 1.63% | +0.45 |
| DVY iShares Select Dividend ETF | Add +21.8% | 1.47% | +0.34 |
| AMT American Tower Corp. | Add +5.7% | 1.14% | +0.20 |
| DGRW Wisdomtree U.S. Quality Divi | Add +1.4% | 5.34% | +0.18 |
| IWM iShares Russell 2000 ETF | Add +44.0% | 0.42% | +0.14 |
| DUK Duke Energy Corp. | Add +0.8% | 1.38% | +0.14 |
| WYNN WYNN Resorts Ltd. | Add +6.7% | 1.51% | +0.13 |
| CGGR Cap Group Growth Equity | Add +5.1% | 1.67% | +0.10 |
| NEE Nextera Energy Inc. | New | 0.09% | +0.09 |
| AMGN Amgen Inc. | Add +47.0% | 0.27% | +0.08 |
| LHX L3HARRIS Technologies Inc. | New | 0.08% | +0.08 |
| ABT Abbott Laboratories | New | 0.08% | +0.08 |
| HCP Hashicorp Inc. Class A | New | 0.08% | +0.08 |
| IWY iShares Russell Top 200 Grow | New | 0.07% | +0.07 |
| IJK iShares S&P Mid-Cap 400 Grow | Add +221.7% | 0.09% | +0.06 |
| FNDB Schwab Fndmntl US BRD Mr ETF | Add +0.3% | 1.33% | +0.04 |
| SCHD Schwab US DVD Equity ETF | Add +0.7% | 0.83% | +0.04 |
| BX Blackstone Inc. | Add +0.1% | 0.22% | +0.03 |
| META Meta Platforms Inc. Class A | Add +6.4% | 0.23% | +0.03 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Add +9.5% | 0.22% | +0.03 |
| USMV iShares MSCI USA Min Vol Fac | Add +0.1% | 0.70% | +0.03 |
| UNH Unitedhealth Group Inc. | Add +0.2% | 0.30% | +0.03 |
| V Visa Inc. Class A | Add +0.4% | 3.37% | +0.02 |
| VIG Vanguard Dividend Apprec ETF | Add +0.3% | 0.56% | +0.02 |
| IBM Intl Business Machines Corp. | Add +0.2% | 0.12% | +0.02 |
| IJR iShares Core S&P Small-Cap E | Add +0.1% | 0.42% | +0.02 |
| VOO Vanguard S&P 500 ETF | Add +0.1% | 1.55% | +0.02 |
| IWO iShares Russell 2000 Growth | Add +0.2% | 0.40% | +0.01 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +0.6% | 0.30% | +0.01 |
| FNDA Schwab Fndmntl US SM Co. ETF | Add +0.1% | 0.32% | +0.01 |
| IWN iShares Russell 2000 Value E | Add +0.5% | 0.21% | +0.01 |
| ABBV Abbvie Inc. | Add +0.1% | 0.11% | +0.01 |
| VTI VG Morningstar TS MKT ETF-US | Add +0.3% | 0.54% | +0.01 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Add +0.2% | 0.32% | +0.01 |
| IWD iShares Russell 1000 Value E | Add +0.3% | 0.19% | +0.01 |
| SCHA Schwab US Small-Cap ETF | Add +0.0% | 0.20% | +0.01 |
| PRFZ Inv Rafi US 1500 SM-Usd Inc. | Add +0.1% | 0.15% | +0.01 |
| SCHM Schwab US Mid Cap ETF | Add +0.1% | 0.27% | +0.01 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +0.7% | 0.12% | +0.01 |
| AOS Smith (a.o.) Corp. | Add +0.4% | 0.10% | +0.01 |
| VYM Vanguard High DVD Yield ETF | Add +0.4% | 0.13% | +0.01 |
| DIA SS SPDR Dow Jones Indus Avg | Add +0.4% | 0.12% | +0.00 |
| SPSM SS SPDR P S&P 600 Small Cap | Add +0.0% | 0.09% | +0.00 |
| ILTB iShares Core 10+ Year Usd Bo | New | 0.00% | +0.00 |
| IWS iShares Russell Mid-Cap Valu | Add +0.4% | 0.06% | +0.00 |
| ERTH Invesco MSCI Sustainable Fut | Add +0.3% | 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 |