Townsend Asset Management Corp. /NC/
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 16, 2025), Townsend Asset Management Corp. /NC/ reported 169 stock positions worth $281.0 million. Its top holding was Invesco QQQ Trust Series 1 (QQQ) at 6.4% of the portfolio, followed by Wisdomtree U.S. Quality Divi (DGRW, 6.1%) and Amazon.com (AMZN, 5.5%). Compared with Q2 2025, it opened 7 new positions, sold out of 15, added to 37 and reduced 84. The biggest buy was a new position in Coinbase Global Class A (COIN) and the biggest sale Invesco QQQ Trust Series 1 (QQQ, shares −17%).
- Most Recent 13F
- Q2 2026
- Location
- RALEIGH, NC
- CIK
- 0000709089
- Portfolio Value
- $281.0M (Q3 2025)
- SEC Filing
- 0001398344-25-019223 ↗ filed Oct 16, 2025
Holdings Value
Holdings 169 stocks · $281.0M
| QQQ Invesco QQQ Trust Series 1 | 6.45% | 30,193 | $18.1M | Reduce -16.9% |
| DGRW Wisdomtree U.S. Quality Divi | 6.12% | 193,496 | $17.2M | Add +1.1% |
| AMZN Amazon.com Inc. | 5.45% | 69,812 | $15.3M | Add +1.8% |
| QCOM Qualcomm Inc. | 5.40% | 91,251 | $15.2M | Add +5.0% |
| JPM JPMorgan Chase & Co. | 4.77% | 42,508 | $13.4M | Reduce -1.6% |
| V Visa Inc. Class A | 4.09% | 33,672 | $11.5M | Add +0.2% |
| MSFT Microsoft Corp. | 3.64% | 19,728 | $10.2M | Reduce -1.7% |
| WAB Wabtec Corp. | 3.19% | 44,696 | $9.0M | Reduce -1.7% |
| AAPL Apple Inc. | 2.78% | 30,709 | $7.8M | Reduce -2.5% |
| COST Costco Wholesale Corp. | 2.51% | 7,609 | $7.0M | Add +0.7% |
| GOOGL Alphabet Inc. Class A | 2.25% | 26,053 | $6.3M | Reduce -1.9% |
| DHR Danaher Corp. | 2.20% | 31,237 | $6.2M | Add +13.1% |
| MAR Marriott International Class A | 2.02% | 21,821 | $5.7M | Reduce -4.0% |
| PH Parker Hannifin Corp. | 1.94% | 7,208 | $5.5M | Add +5.3% |
| OWL Blue Owl Capital Inc. | 1.89% | 313,110 | $5.3M | Add +6.8% |
| CGGR Cap Group Growth Equity | 1.87% | 119,868 | $5.3M | Reduce -8.5% |
| WYNN WYNN Resorts Ltd. | 1.82% | 39,788 | $5.1M | Reduce -6.1% |
| NVDA Nvidia Corp. | 1.62% | 24,386 | $4.5M | Reduce -3.2% |
| VOO Vanguard S&P 500 ETF | 1.56% | 7,171 | $4.4M | Reduce -2.3% |
| DVY iShares Select Dividend ETF | 1.51% | 29,849 | $4.2M | Reduce -7.1% |
| PYPL PayPal Holdings Inc. | 1.46% | 61,008 | $4.1M | Add +6.6% |
| DUK Duke Energy Corp. | 1.44% | 32,701 | $4.0M | Add +0.6% |
| ZTS Zoetis Inc. | 1.36% | 26,161 | $3.8M | Reduce -1.3% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 1.31% | 107,445 | $3.7M | Reduce -0.6% |
| IJH iShares Core S&P Midcap ETF | 1.08% | 46,677 | $3.0M | Reduce -1.3% |
| ECL Ecolab Inc. | 0.92% | 9,401 | $2.6M | Reduce -4.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.90% | 5,017 | $2.5M | Reduce -15.3% |
| ACN Accenture PLC Class A | 0.86% | 9,825 | $2.4M | Add +3.8% |
| SCHG Schwab US Large-Cap Growth | 0.86% | 75,655 | $2.4M | Reduce -24.0% |
| COIN Coinbase Global Inc. Class A | 0.81% | 6,763 | $2.3M | New |
| PG The Procter & Gamble Co. | 0.71% | 13,003 | $2.0M | No change |
| IWB iShares Russell 1000 ETF | 0.70% | 5,383 | $2.0M | Reduce -4.7% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.69% | 6,543 | $1.9M | Reduce -24.7% |
| FNDB Schwab Fndmntl US BRD Mr ETF | 0.63% | 68,420 | $1.8M | Reduce -47.4% |
| AVGO Broadcom Inc. | 0.62% | 5,309 | $1.8M | Reduce -0.9% |
| ADP Automatic Data Processing | 0.61% | 5,878 | $1.7M | Reduce -1.7% |
| AFL Aflac Inc. | 0.61% | 15,313 | $1.7M | No change |
| HD Home Depot Inc. | 0.61% | 4,214 | $1.7M | Reduce -1.8% |
| USMV iShares MSCI USA Min Vol Fac | 0.61% | 17,886 | $1.7M | Reduce -2.4% |
| SCHD Schwab US DVD Equity ETF | 0.59% | 60,706 | $1.7M | Reduce -3.9% |
| AMT American Tower Corp. | 0.59% | 8,613 | $1.7M | Reduce -10.6% |
| SCHX Schwab US Large-Cap ETF | 0.59% | 62,752 | $1.7M | Reduce -7.7% |
| LLY Eli Lilly & Co. | 0.59% | 2,164 | $1.7M | Reduce -4.5% |
| IWF iShares Russell 1000 Growth | 0.56% | 3,360 | $1.6M | Reduce -10.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.55% | 2,341 | $1.6M | Reduce -4.5% |
| MCD McDonald's Corp. | 0.55% | 5,098 | $1.5M | Reduce -4.8% |
| VIG Vanguard Dividend Apprec ETF | 0.53% | 6,924 | $1.5M | Add +0.2% |
| VTI VG Morningstar TS MKT ETF-US | 0.48% | 4,143 | $1.4M | Reduce -10.3% |
| AMGN Amgen Inc. | 0.46% | 4,545 | $1.3M | Reduce -1.3% |
| JNJ Johnson & Johnson | 0.45% | 6,887 | $1.3M | Add +0.1% |
| CHRW C.H. Robinson Worldwide Inc. | 0.45% | 9,562 | $1.3M | Add +17.7% |
| GOOG Alphabet Inc. Class C | 0.45% | 5,150 | $1.3M | No change |
| ROP Roper Technologies Inc. | 0.43% | 2,404 | $1.2M | Reduce -5.9% |
| IWO iShares Russell 2000 Growth | 0.39% | 3,392 | $1.1M | Reduce -7.7% |
| KO The Coca-Cola Co. | 0.38% | 16,088 | $1.1M | Reduce -1.9% |
| IJR iShares Core S&P Small-Cap E | 0.37% | 8,836 | $1.0M | Reduce -1.2% |
| META Meta Platforms Inc. Class A | 0.36% | 1,384 | $1.0M | Add +6.4% |
| CVX Chevron Corp. | 0.34% | 6,232 | $968K | Reduce -2.5% |
| IWM iShares Russell 2000 ETF | 0.33% | 3,776 | $914K | Reduce -6.1% |
| RSP Invesco S&P 500 Equal Weight | 0.32% | 4,726 | $897K | Reduce -1.0% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.30% | 4,587 | $855K | Add +0.3% |
| NFLX Netflix Inc. | 0.29% | 682 | $818K | Reduce -5.3% |
| SCHM Schwab US Mid Cap ETF | 0.28% | 26,289 | $779K | Add +0.0% |
| IEMG iShares Core MSCI Emerging | 0.28% | 11,776 | $776K | No change |
| SCHB Schwab US Broad Market ETF | 0.27% | 29,989 | $771K | Add +0.8% |
| FNDA Schwab Fndmntl US SM Co. ETF | 0.26% | 23,523 | $733K | Reduce -14.7% |
| EFA iShares MSCI Eafe ETF | 0.26% | 7,804 | $729K | Reduce -1.4% |
| IVV iShares Core S&P 500 ETF | 0.25% | 1,044 | $699K | Reduce -2.0% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.24% | 1,382 | $663K | Reduce -4.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.23% | 2,275 | $642K | New |
| GLW Corning Inc. | 0.23% | 7,733 | $634K | No change |
| ORCL Oracle Corp. | 0.22% | 2,230 | $627K | Reduce -5.5% |
| IWN iShares Russell 2000 Value E | 0.22% | 3,466 | $613K | Reduce -1.1% |
| CAT Caterpillar Inc. | 0.21% | 1,250 | $596K | Reduce -25.7% |
| FISV Fiserv Inc. | 0.21% | 4,623 | $596K | Reduce -7.6% |
| SPLV Invesco S&P 500 Low Volatili | 0.21% | 8,055 | $592K | Reduce -2.7% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.21% | 2,801 | $585K | Reduce -19.5% |
| HON Honeywell International Inc. | 0.20% | 2,651 | $558K | No change |
| XLK SS Technology Select Sector | 0.20% | 1,952 | $550K | Reduce -11.9% |
| BX Blackstone Inc. | 0.20% | 3,216 | $549K | Reduce -14.7% |
| SPGI S&P Global Inc. | 0.19% | 1,123 | $547K | Reduce -16.0% |
| SCHA Schwab US Small-Cap ETF | 0.19% | 19,587 | $546K | Reduce -2.3% |
| IWD iShares Russell 1000 Value E | 0.19% | 2,660 | $542K | Add +0.3% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 0.18% | 1,740 | $511K | Add +0.1% |
| RACE Ferrari NV | 0.18% | 1,042 | $506K | Reduce -25.9% |
| XOM Exxon Mobil Corp. | 0.18% | 4,454 | $502K | Reduce -3.5% |
| MRK Merck & Co. Inc. | 0.17% | 5,835 | $490K | Reduce -9.0% |
| IEFA iShares Core MSCI Eafe ETF | 0.17% | 5,584 | $488K | Add +1.2% |
| SPHB Invesco S&P 500 High Beta Et | 0.16% | 4,033 | $443K | Add +0.0% |
| WMT Walmart Inc. | 0.16% | 4,288 | $442K | Reduce -15.8% |
| PRFZ Inv Rafi US 1500 SM-Usd Inc. | 0.15% | 9,488 | $431K | Add +0.1% |
| PM Philip Morris International | 0.15% | 2,600 | $422K | Reduce -3.9% |
| ADI Analog Devices Inc. | 0.15% | 1,710 | $420K | No change |
| MA Mastercard Inc. Class A | 0.14% | 670 | $381K | Reduce -31.2% |
| CMG Chipotle Mexican Grill Inc. | 0.13% | 9,570 | $375K | New |
| IWR iShares Russell Mid-Cap ETF | 0.12% | 3,615 | $349K | Add +0.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.12% | 6,717 | $347K | Reduce -30.0% |
| NRG NRG Energy Inc. | 0.11% | 1,975 | $320K | Reduce -0.8% |
| PSX Phillips 66 | 0.11% | 2,347 | $319K | Reduce -4.7% |
| AEP American Electric Power | 0.10% | 2,540 | $286K | Reduce -15.1% |
Portfolio Sells Q2 2025 → Q3 2025
| QQQ Invesco QQQ Trust Series 1 | Reduce -16.9% | 6.45% | −0.81 |
| FNDB Schwab Fndmntl US BRD Mr ETF | Reduce -47.4% | 0.63% | −0.50 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Reduce -89.1% | 0.04% | −0.29 |
| WAB Wabtec Corp. | Reduce -1.7% | 3.19% | −0.26 |
| MAR Marriott International Class A | Reduce -4.0% | 2.02% | −0.23 |
| SCHG Schwab US Large-Cap Growth | Reduce -24.0% | 0.86% | −0.19 |
| AMT American Tower Corp. | Reduce -10.6% | 0.59% | −0.18 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | Reduce -24.7% | 0.69% | −0.18 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -15.3% | 0.90% | −0.15 |
| ZTS Zoetis Inc. | Reduce -1.3% | 1.36% | −0.14 |
| FISV Fiserv Inc. | Reduce -7.6% | 0.21% | −0.10 |
| ROP Roper Technologies Inc. | Reduce -5.9% | 0.43% | −0.10 |
| MU Micron Technology Inc. | Sold out | 0.00% | −0.10 |
| DE Deere & Co. | Sold out | 0.00% | −0.09 |
| LOW Lowe's Cos Inc. | Sold out | 0.00% | −0.08 |
| NTRA Natera Inc. | Sold out | 0.00% | −0.08 |
| SYK Stryker Corp. | Sold out | 0.00% | −0.08 |
| RACE Ferrari NV | Reduce -25.9% | 0.18% | −0.07 |
| MA Mastercard Inc. Class A | Reduce -31.2% | 0.14% | −0.06 |
| IHF iShares U.S. Healthcare Prov | Sold out | 0.00% | −0.06 |
| SPGI S&P Global Inc. | Reduce -16.0% | 0.19% | −0.06 |
| IJK iShares S&P Mid-Cap 400 Grow | Reduce -68.9% | 0.03% | −0.06 |
| NFLX Netflix Inc. | Reduce -5.3% | 0.29% | −0.06 |
| CGGR Cap Group Growth Equity | Reduce -8.5% | 1.87% | −0.06 |
| ADP Automatic Data Processing | Reduce -1.7% | 0.61% | −0.05 |
| LLY Eli Lilly & Co. | Reduce -4.5% | 0.59% | −0.05 |
| ECL Ecolab Inc. | Reduce -4.3% | 0.92% | −0.04 |
| BAC Bank of America Corp. | Reduce -30.0% | 0.12% | −0.04 |
| KO The Coca-Cola Co. | Reduce -1.9% | 0.38% | −0.04 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -19.5% | 0.21% | −0.04 |
| DVY iShares Select Dividend ETF | Reduce -7.1% | 1.51% | −0.04 |
| XLI SS Industrial Select Sector | Reduce -87.2% | 0.00% | −0.03 |
| PM Philip Morris International | Reduce -3.9% | 0.15% | −0.03 |
| FNDA Schwab Fndmntl US SM Co. ETF | Reduce -14.7% | 0.26% | −0.03 |
| CAT Caterpillar Inc. | Reduce -25.7% | 0.21% | −0.02 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -10.3% | 0.48% | −0.02 |
| WMT Walmart Inc. | Reduce -15.8% | 0.16% | −0.02 |
| IWF iShares Russell 1000 Growth | Reduce -10.8% | 0.56% | −0.02 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -2.4% | 0.61% | −0.02 |
| SCHD Schwab US DVD Equity ETF | Reduce -3.9% | 0.59% | −0.02 |
| MCD McDonald's Corp. | Reduce -4.8% | 0.55% | −0.02 |
| SCHX Schwab US Large-Cap ETF | Reduce -7.7% | 0.59% | −0.01 |
| EPD Enterprise Products Partners | Reduce -13.6% | 0.07% | −0.01 |
| AEP American Electric Power | Reduce -15.1% | 0.10% | −0.01 |
| MRK Merck & Co. Inc. | Reduce -9.0% | 0.17% | −0.01 |
| AMGN Amgen Inc. | Reduce -1.3% | 0.46% | −0.01 |
| SLB SLB Ltd. | Reduce -0.6% | 1.31% | −0.01 |
| BX Blackstone Inc. | Reduce -14.7% | 0.20% | −0.01 |
| FNDE Schwab Fndmntl Em MRK Eq ETF | Reduce -27.3% | 0.03% | −0.01 |
| SPLV Invesco S&P 500 Low Volatili | Reduce -2.7% | 0.21% | −0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| COIN Coinbase Global Inc. Class A | New | 0.81% | +0.81 |
| QCOM Qualcomm Inc. | Add +5.0% | 5.40% | +0.39 |
| DGRW Wisdomtree U.S. Quality Divi | Add +1.1% | 6.12% | +0.32 |
| IBM Intl Business Machines Corp. | New | 0.23% | +0.23 |
| DHR Danaher Corp. | Add +13.1% | 2.20% | +0.23 |
| PH Parker Hannifin Corp. | Add +5.3% | 1.94% | +0.21 |
| CHRW C.H. Robinson Worldwide Inc. | Add +17.7% | 0.45% | +0.17 |
| CMG Chipotle Mexican Grill Inc. | New | 0.13% | +0.13 |
| ABBV Abbvie Inc. | New | 0.09% | +0.09 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.09% | +0.09 |
| PLTR Palantir Technologies Inc. Class A | New | 0.08% | +0.08 |
| RTX RTX Corp. | New | 0.08% | +0.08 |
| JNJ Johnson & Johnson | Add +0.1% | 0.45% | +0.07 |
| DUK Duke Energy Corp. | Add +0.6% | 1.44% | +0.05 |
| VIG Vanguard Dividend Apprec ETF | Add +0.2% | 0.53% | +0.02 |
| SCHB Schwab US Broad Market ETF | Add +0.8% | 0.27% | +0.02 |
| SPHB Invesco S&P 500 High Beta Et | Add +0.0% | 0.16% | +0.02 |
| META Meta Platforms Inc. Class A | Add +6.4% | 0.36% | +0.01 |
| PRFZ Inv Rafi US 1500 SM-Usd Inc. | Add +0.1% | 0.15% | +0.01 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | Add +57.6% | 0.03% | +0.01 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +0.3% | 0.30% | +0.01 |
| SCHM Schwab US Mid Cap ETF | Add +0.0% | 0.28% | +0.01 |
| AMZN Amazon.com Inc. | Add +1.8% | 5.45% | +0.01 |
| IWY iShares Russell Top 200 Grow | Add +0.1% | 0.09% | +0.01 |
| IEFA iShares Core MSCI Eafe ETF | Add +1.2% | 0.17% | +0.01 |
| IWD iShares Russell 1000 Value E | Add +0.3% | 0.19% | +0.01 |
| SPSM SS SPDR P S&P 600 Small Cap | Add +0.0% | 0.09% | +0.01 |
| IWR iShares Russell Mid-Cap ETF | Add +0.0% | 0.12% | +0.00 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +0.4% | 0.09% | +0.00 |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | Add +0.1% | 0.18% | +0.00 |
| ERTH Invesco MSCI Sustainable Fut | Add +0.4% | 0.03% | +0.00 |
| NZUS SS SPDR MSCI U Class P Al ETF | Add +0.2% | 0.05% | +0.00 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +0.3% | 0.05% | +0.00 |
| IWS iShares Russell Mid-Cap Valu | Add +0.4% | 0.06% | +0.00 |
| RPG Invesco S&P 500 Pure Growth | Add +0.1% | 0.02% | +0.00 |
| PHO Invesco Water Resources ETF | Add +0.1% | 0.03% | +0.00 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Add +0.9% | 0.02% | +0.00 |
| AGGY Wisdomtree Yield Enhanced US | Add +1.4% | 0.00% | 0.00 |
| XLP SS Consumer Staples Sel Sect | Add +0.8% | 0.00% | −0.00 |
| PYPL PayPal Holdings Inc. | Add +6.6% | 1.46% | −0.09 |
| OWL Blue Owl Capital Inc. | Add +6.8% | 1.89% | −0.15 |
| ACN Accenture PLC Class A | Add +3.8% | 0.86% | −0.16 |
| COST Costco Wholesale Corp. | Add +0.7% | 2.51% | −0.20 |
| V Visa Inc. Class A | Add +0.2% | 4.09% | −0.23 |
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 |