Townsend Asset Management Corp. /NC/
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 21, 2025), Townsend Asset Management Corp. /NC/ reported 174 stock positions worth $259.4 million. Its top holding was Invesco QQQ Trust Series 1 (QQQ) at 6.7% of the portfolio, followed by Wisdomtree U.S. Quality Divi (DGRW, 6.0%) and Amazon.com (AMZN, 4.8%). Compared with Q4 2024, it opened 8 new positions, sold out of 19, added to 57 and reduced 66. The biggest buy was Wisdomtree U.S. Quality Divi (DGRW, shares +13%) and the biggest sale an exit from Doubleverify (DV).
- Most Recent 13F
- Q2 2026
- Location
- RALEIGH, NC
- CIK
- 0000709089
- Portfolio Value
- $259.4M (Q1 2025)
- SEC Filing
- 0001398344-25-007366 ↗ filed Apr 21, 2025
Holdings Value
Holdings 174 stocks · $259.4M
| QQQ Invesco QQQ Trust Series 1 | 6.66% | 36,849 | $17.3M | Reduce -3.7% |
| DGRW Wisdomtree U.S. Quality Divi | 6.00% | 194,939 | $15.6M | Add +12.6% |
| AMZN Amazon.com Inc. | 4.79% | 65,366 | $12.4M | Add +5.7% |
| QCOM Qualcomm Inc. | 4.61% | 77,846 | $12.0M | Add +7.6% |
| V Visa Inc. Class A | 4.59% | 33,996 | $11.9M | Add +2.9% |
| JPM JPMorgan Chase & Co. | 4.22% | 44,634 | $10.9M | Add +2.4% |
| WAB Wabtec Corp. | 3.22% | 46,082 | $8.4M | Add +4.2% |
| AAPL Apple Inc. | 3.03% | 35,420 | $7.9M | Reduce -3.6% |
| MSFT Microsoft Corp. | 2.94% | 20,313 | $7.6M | Reduce -2.9% |
| COST Costco Wholesale Corp. | 2.78% | 7,620 | $7.2M | Reduce -2.2% |
| OWL Blue Owl Capital Inc. | 2.22% | 287,731 | $5.8M | Add +8.6% |
| MAR Marriott International Class A | 2.15% | 23,458 | $5.6M | Add +0.1% |
| DHR Danaher Corp. | 1.81% | 22,916 | $4.7M | Add +7.5% |
| CGGR Cap Group Growth Equity | 1.75% | 132,888 | $4.6M | Add +1.8% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 1.66% | 102,770 | $4.3M | Add +13.9% |
| GOOGL Alphabet Inc. Class A | 1.65% | 27,688 | $4.3M | Add +4.7% |
| DVY iShares Select Dividend ETF | 1.62% | 31,208 | $4.2M | Add +3.0% |
| DUK Duke Energy Corp. | 1.56% | 33,258 | $4.1M | Add +2.8% |
| ZTS Zoetis Inc. | 1.56% | 24,589 | $4.0M | Add +2.7% |
| PH Parker Hannifin Corp. | 1.48% | 6,328 | $3.8M | Add +3.8% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 1.46% | 15,039 | $3.8M | Add +34.6% |
| VOO Vanguard S&P 500 ETF | 1.45% | 7,301 | $3.8M | Reduce -8.3% |
| WYNN WYNN Resorts Ltd. | 1.43% | 44,540 | $3.7M | Add +8.7% |
| PYPL PayPal Holdings Inc. | 1.31% | 52,092 | $3.4M | Add +26.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.28% | 6,217 | $3.3M | Reduce -5.0% |
| ACN Accenture PLC Class A | 1.17% | 9,708 | $3.0M | Add +9.8% |
| FNDB Schwab Fndmntl US BRD Mr ETF | 1.16% | 130,393 | $3.0M | Reduce -9.1% |
| IJH iShares Core S&P Midcap ETF | 1.08% | 48,035 | $2.8M | Add +2.0% |
| NVDA Nvidia Corp. | 1.04% | 24,799 | $2.7M | Add +2.7% |
| SCHG Schwab US Large-Cap Growth | 1.03% | 106,801 | $2.7M | Reduce -23.7% |
| ECL Ecolab Inc. | 0.99% | 10,143 | $2.6M | Reduce -0.5% |
| PG The Procter & Gamble Co. | 0.88% | 13,461 | $2.3M | Reduce -0.4% |
| AMT American Tower Corp. | 0.88% | 10,454 | $2.3M | Reduce -0.7% |
| SCHD Schwab US DVD Equity ETF | 0.79% | 73,194 | $2.0M | Reduce -8.3% |
| LLY Eli Lilly & Co. | 0.73% | 2,281 | $1.9M | Reduce -3.8% |
| ADP Automatic Data Processing | 0.72% | 6,145 | $1.9M | Reduce -3.8% |
| USMV iShares MSCI USA Min Vol Fac | 0.72% | 20,012 | $1.9M | Reduce -2.5% |
| IWB iShares Russell 1000 ETF | 0.70% | 5,904 | $1.8M | Add +0.2% |
| MCD McDonald's Corp. | 0.66% | 5,516 | $1.7M | Reduce -0.1% |
| AFL Aflac Inc. | 0.66% | 15,492 | $1.7M | Reduce -0.6% |
| HD Home Depot Inc. | 0.66% | 4,661 | $1.7M | Reduce -0.6% |
| SCHX Schwab US Large-Cap ETF | 0.60% | 70,356 | $1.6M | Reduce -32.8% |
| AMGN Amgen Inc. | 0.58% | 4,836 | $1.5M | Add +10.3% |
| ROP Roper Technologies Inc. | 0.58% | 2,534 | $1.5M | Add +3.4% |
| IWF iShares Russell 1000 Growth | 0.57% | 4,085 | $1.5M | Reduce -7.3% |
| VIG Vanguard Dividend Apprec ETF | 0.52% | 6,899 | $1.3M | Reduce -8.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.51% | 2,369 | $1.3M | Add +2.8% |
| VTI VG Morningstar TS MKT ETF-US | 0.50% | 4,766 | $1.3M | Reduce -6.5% |
| KO The Coca-Cola Co. | 0.46% | 16,754 | $1.2M | Reduce -7.7% |
| JNJ Johnson & Johnson | 0.46% | 7,227 | $1.2M | Reduce -1.2% |
| RSP Invesco S&P 500 Equal Weight | 0.44% | 6,516 | $1.1M | Reduce -15.2% |
| FISV Fiserv Inc. | 0.43% | 5,004 | $1.1M | Reduce -3.6% |
| CVX Chevron Corp. | 0.41% | 6,293 | $1.1M | Reduce -1.7% |
| IJR iShares Core S&P Small-Cap E | 0.39% | 9,583 | $1.0M | Add +0.7% |
| IWO iShares Russell 2000 Growth | 0.38% | 3,854 | $985K | Add +0.2% |
| AVGO Broadcom Inc. | 0.35% | 5,480 | $918K | Reduce -2.2% |
| GOOG Alphabet Inc. Class C | 0.34% | 5,650 | $883K | No change |
| IWM iShares Russell 2000 ETF | 0.34% | 4,358 | $869K | Reduce -15.3% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 0.33% | 36,175 | $854K | Add +2.1% |
| FNDA Schwab Fndmntl US SM Co. ETF | 0.31% | 29,279 | $802K | Add +0.9% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.30% | 4,574 | $790K | Reduce -2.6% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.27% | 3,771 | $703K | Add +9.8% |
| META Meta Platforms Inc. Class A | 0.27% | 1,218 | $702K | Add +5.0% |
| SCHB Schwab US Broad Market ETF | 0.27% | 32,535 | $700K | Add +0.1% |
| SCHM Schwab US Mid Cap ETF | 0.27% | 26,275 | $688K | Add +0.1% |
| SPGI S&P Global Inc. | 0.26% | 1,337 | $679K | Reduce -0.9% |
| CAT Caterpillar Inc. | 0.26% | 2,016 | $665K | No change |
| IEMG iShares Core MSCI Emerging | 0.24% | 11,776 | $636K | No change |
| EFA iShares MSCI Eafe ETF | 0.24% | 7,750 | $633K | Reduce -2.8% |
| SPLV Invesco S&P 500 Low Volatili | 0.24% | 8,251 | $617K | Add +0.3% |
| NFLX Netflix Inc. | 0.24% | 659 | $615K | Add +0.6% |
| MRK Merck & Co. Inc. | 0.24% | 6,833 | $613K | Reduce -14.0% |
| XLK SS Technology Select Sector | 0.23% | 2,921 | $603K | Reduce -50.5% |
| IVV iShares Core S&P 500 ETF | 0.23% | 1,064 | $598K | Reduce -18.1% |
| EPD Enterprise Products Partners | 0.23% | 17,203 | $587K | Reduce -14.1% |
| HON Honeywell International Inc. | 0.22% | 2,686 | $569K | No change |
| XOM Exxon Mobil Corp. | 0.22% | 4,771 | $567K | Reduce -12.6% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.21% | 1,468 | $544K | No change |
| BX Blackstone Inc. | 0.20% | 3,768 | $527K | Reduce -0.6% |
| IWN iShares Russell 2000 Value E | 0.20% | 3,488 | $527K | Add +0.3% |
| IWD iShares Russell 1000 Value E | 0.19% | 2,646 | $498K | Add +0.3% |
| MA Mastercard Inc. Class A | 0.19% | 898 | $492K | No change |
| UNH Unitedhealth Group Inc. | 0.19% | 923 | $484K | Reduce -32.0% |
| SCHA Schwab US Small-Cap ETF | 0.18% | 20,332 | $476K | Reduce -0.7% |
| ORCL Oracle Corp. | 0.18% | 3,285 | $459K | No change |
| WMT Walmart Inc. | 0.17% | 5,038 | $442K | Reduce -7.4% |
| PM Philip Morris International | 0.17% | 2,729 | $433K | Add +1.4% |
| IEFA iShares Core MSCI Eafe ETF | 0.16% | 5,519 | $418K | Reduce -10.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.16% | 9,818 | $410K | Reduce -10.5% |
| ADBE Adobe Inc. | 0.14% | 967 | $371K | Reduce -0.3% |
| PEP Pepsico Inc. | 0.14% | 2,438 | $365K | Reduce -1.5% |
| PRFZ Inv Rafi US 1500 SM-Usd Inc. | 0.14% | 9,648 | $365K | Reduce -1.3% |
| GLW Corning Inc. | 0.14% | 7,763 | $355K | Add +0.4% |
| BMY Bristol-Myers Squibb Co. | 0.14% | 5,764 | $352K | Reduce -34.8% |
| COP Conocophillips | 0.14% | 3,342 | $351K | Reduce -4.2% |
| ADI Analog Devices Inc. | 0.13% | 1,725 | $348K | Add +0.9% |
| PSX Phillips 66 | 0.13% | 2,731 | $337K | Reduce -9.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.13% | 1,341 | $333K | Reduce -9.0% |
| AEP American Electric Power | 0.13% | 2,980 | $326K | No change |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 0.12% | 1,308 | $320K | Reduce -9.7% |
Portfolio Sells Q4 2024 → Q1 2025
| DV Doubleverify Holdings Inc. | Sold out | 0.00% | −1.16 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -3.7% | 6.66% | −0.49 |
| SCHG Schwab US Large-Cap Growth | Reduce -23.7% | 1.03% | −0.40 |
| AAPL Apple Inc. | Reduce -3.6% | 3.03% | −0.33 |
| SCHX Schwab US Large-Cap ETF | Reduce -32.8% | 0.60% | −0.29 |
| MSFT Microsoft Corp. | Reduce -2.9% | 2.94% | −0.28 |
| XLK SS Technology Select Sector | Reduce -50.5% | 0.23% | −0.27 |
| MAIN Main Street Capital Corp. | Sold out | 0.00% | −0.17 |
| STZ Constellation Brands Inc. Class A | Sold out | 0.00% | −0.13 |
| XLI SS Industrial Select Sector | Reduce -79.0% | 0.04% | −0.12 |
| VOO Vanguard S&P 500 ETF | Reduce -8.3% | 1.45% | −0.12 |
| AVGO Broadcom Inc. | Reduce -2.2% | 0.35% | −0.12 |
| DIA SS SPDR Dow Jones Indus Avg | Sold out | 0.00% | −0.12 |
| AZO AutoZone Inc. | Sold out | 0.00% | −0.09 |
| AMD Advanced Micro Devices | Sold out | 0.00% | −0.09 |
| TSLA Tesla Inc. | Sold out | 0.00% | −0.08 |
| IWM iShares Russell 2000 ETF | Reduce -15.3% | 0.34% | −0.08 |
| IWF iShares Russell 1000 Growth | Reduce -7.3% | 0.57% | −0.08 |
| XVV iShares ESG Select Screened | Sold out | 0.00% | −0.08 |
| IWY iShares Russell Top 200 Grow | Sold out | 0.00% | −0.08 |
| NTRA Natera Inc. | Sold out | 0.00% | −0.07 |
| PLTR Palantir Technologies Inc. Class A | Sold out | 0.00% | −0.07 |
| AOS Smith (a.o.) Corp. | Sold out | 0.00% | −0.07 |
| UNH Unitedhealth Group Inc. | Reduce -32.0% | 0.19% | −0.06 |
| FNDB Schwab Fndmntl US BRD Mr ETF | Reduce -9.1% | 1.16% | −0.06 |
| RSP Invesco S&P 500 Equal Weight | Reduce -15.2% | 0.44% | −0.06 |
| BBLU Ea Bridgeway Blue Chip ETF | Sold out | 0.00% | −0.05 |
| MRK Merck & Co. Inc. | Reduce -14.0% | 0.24% | −0.05 |
| IVV iShares Core S&P 500 ETF | Reduce -18.1% | 0.23% | −0.05 |
| BMY Bristol-Myers Squibb Co. | Reduce -34.8% | 0.14% | −0.05 |
| XLV SS Health Care Select Sector | Reduce -61.5% | 0.04% | −0.05 |
| BND Vanguard Total Bond Market | Sold out | 0.00% | −0.04 |
| BX Blackstone Inc. | Reduce -0.6% | 0.20% | −0.04 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -6.5% | 0.50% | −0.04 |
| VYM Vanguard High DVD Yield ETF | Reduce -29.9% | 0.10% | −0.03 |
| BIV Vanguard Intermediate-Term B | Sold out | 0.00% | −0.03 |
| TGT Target Corp. | Reduce -11.5% | 0.08% | −0.03 |
| VIG Vanguard Dividend Apprec ETF | Reduce -8.7% | 0.52% | −0.03 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -19.3% | 0.09% | −0.02 |
| BAC Bank of America Corp. | Reduce -10.5% | 0.16% | −0.02 |
| ADBE Adobe Inc. | Reduce -0.3% | 0.14% | −0.01 |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | Reduce -9.7% | 0.12% | −0.01 |
| SCHA Schwab US Small-Cap ETF | Reduce -0.7% | 0.18% | −0.01 |
| PBW Invesco Wilderhill Clean Ene | Reduce -22.9% | 0.02% | −0.01 |
| WMT Walmart Inc. | Reduce -7.4% | 0.17% | −0.01 |
| HD Home Depot Inc. | Reduce -0.6% | 0.66% | −0.01 |
| PRFZ Inv Rafi US 1500 SM-Usd Inc. | Reduce -1.3% | 0.14% | −0.01 |
| SCHD Schwab US DVD Equity ETF | Reduce -8.3% | 0.79% | −0.01 |
| BSV Vanguard Short-Term Bond ETF | Sold out | 0.00% | −0.01 |
| LRGE Clearbridge Large Cap Growth | Reduce -1.5% | 0.09% | −0.00 |
Portfolio Buys Q4 2024 → Q1 2025
| DGRW Wisdomtree U.S. Quality Divi | Add +12.6% | 6.00% | +0.88 |
| V Visa Inc. Class A | Add +2.9% | 4.59% | +0.78 |
| QCOM Qualcomm Inc. | Add +7.6% | 4.61% | +0.55 |
| JPM JPMorgan Chase & Co. | Add +2.4% | 4.22% | +0.40 |
| SLB SLB Ltd. | Add +13.9% | 1.66% | +0.39 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | Add +34.6% | 1.46% | +0.32 |
| DUK Duke Energy Corp. | Add +2.8% | 1.56% | +0.29 |
| AMGN Amgen Inc. | Add +10.3% | 0.58% | +0.16 |
| DVY iShares Select Dividend ETF | Add +3.0% | 1.62% | +0.16 |
| WAB Wabtec Corp. | Add +4.2% | 3.22% | +0.16 |
| WYNN WYNN Resorts Ltd. | Add +8.7% | 1.43% | +0.14 |
| ZTS Zoetis Inc. | Add +2.7% | 1.56% | +0.14 |
| ROP Roper Technologies Inc. | Add +3.4% | 0.58% | +0.11 |
| CSCO Cisco Systems Inc. | New | 0.08% | +0.08 |
| DGX Quest Diagnostics Inc. | New | 0.08% | +0.08 |
| IHF iShares U.S. Healthcare Prov | New | 0.07% | +0.07 |
| PH Parker Hannifin Corp. | Add +3.8% | 1.48% | +0.07 |
| PM Philip Morris International | Add +1.4% | 0.17% | +0.05 |
| ACN Accenture PLC Class A | Add +9.8% | 1.17% | +0.03 |
| SPLV Invesco S&P 500 Low Volatili | Add +0.3% | 0.24% | +0.03 |
| NFLX Netflix Inc. | Add +0.6% | 0.24% | +0.02 |
| DHR Danaher Corp. | Add +7.5% | 1.81% | +0.02 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Add +2.1% | 0.33% | +0.02 |
| META Meta Platforms Inc. Class A | Add +5.0% | 0.27% | +0.02 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Add +9.8% | 0.27% | +0.02 |
| ABBV Abbvie Inc. | Add +0.2% | 0.11% | +0.02 |
| PYPL PayPal Holdings Inc. | Add +26.0% | 1.31% | +0.02 |
| ABT Abbott Laboratories | Add +0.2% | 0.09% | +0.02 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +2.8% | 0.51% | +0.02 |
| IWD iShares Russell 1000 Value E | Add +0.3% | 0.19% | +0.01 |
| IJH iShares Core S&P Midcap ETF | Add +2.0% | 1.08% | +0.01 |
| IWB iShares Russell 1000 ETF | Add +0.2% | 0.70% | +0.00 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +0.3% | 0.05% | +0.00 |
| EMB iShares JP Morgan Usd Emergi | New | 0.00% | +0.00 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | Add +5.3% | 0.02% | +0.00 |
| GLW Corning Inc. | Add +0.4% | 0.14% | +0.00 |
| IGOV iShares International Treasu | New | 0.00% | +0.00 |
| EFG iShares MSCI Eafe Growth ETF | New | 0.00% | +0.00 |
| SCHZ Schwab US Aggregate Bond ETF | Add +0.6% | 0.02% | +0.00 |
| IWS iShares Russell Mid-Cap Valu | Add +0.3% | 0.06% | +0.00 |
| IWR iShares Russell Mid-Cap ETF | Add +0.0% | 0.11% | +0.00 |
| IEI iShares 3-7 Year Treasury Bo | New | 0.00% | +0.00 |
| ADI Analog Devices Inc. | Add +0.9% | 0.13% | +0.00 |
| MBB iShares MBS ETF | New | 0.00% | +0.00 |
| PHO Invesco Water Resources ETF | Add +0.2% | 0.03% | +0.00 |
| SCHB Schwab US Broad Market ETF | Add +0.1% | 0.27% | +0.00 |
| XLP SS Consumer Staples Sel Sect | Add +0.8% | 0.00% | +0.00 |
| ERTH Invesco MSCI Sustainable Fut | Add +0.1% | 0.02% | +0.00 |
| LOW Lowe's Cos Inc. | Add +0.1% | 0.09% | −0.00 |
| SCHM Schwab US Mid Cap ETF | Add +0.1% | 0.27% | −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 |