# Townsend & Associates, Inc

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1729359. Source: https://holderbook.com/funds/1729359-townsend-associates-inc/

- Reported value: $1.2B
- Positions: 114
- Weight of the ten largest: 40.0%
- Filed: 2026-07-22

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ISHARES TR | [SHV](https://holderbook.com/stocks/SHV/) | $73.3M | 664,440 | 6.2% | 15 |
| ISHARES TR | [ISTB](https://holderbook.com/stocks/ISTB/) | $59.6M | 1,240,631 | 5.1% | 22 |
| BHP BILLITON LIMITED | [BHP](https://holderbook.com/stocks/BHP/) | $49.8M | 619,268 | 4.2% | 16 |
| JANUS DETROIT STR TR | [JIII](https://holderbook.com/stocks/JIII/) | $46.9M | 942,780 | 4.0% | 7 |
| ISHARES TR | [TLT](https://holderbook.com/stocks/TLT/) | $45.3M | 539,586 | 3.9% | 15 |
| NUTRIEN LTD | [NTR](https://holderbook.com/stocks/NTR/) | $41.7M | 625,475 | 3.6% | 16 |
| MYR GROUP INC | [MYRG](https://holderbook.com/stocks/MYRG/) | $41.6M | 106,648 | 3.5% | 16 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $39.5M | 107,371 | 3.4% | 15 |
| ISHARES TR | [HDV](https://holderbook.com/stocks/HDV/) | $37.0M | 1,311,868 | 3.1% | 28 |
| ISHARES TR | [IUSV](https://holderbook.com/stocks/IUSV/) | $35.2M | 316,302 | 3.0% | 15 |
| COHEN & STEERS ETF TRUST | [CSPF](https://holderbook.com/stocks/CSPF/) | $34.4M | 1,319,473 | 2.9% | 3 |
| AMERICAN INTL GROUP INC | [AIG](https://holderbook.com/stocks/AIG/) | $34.1M | 427,642 | 2.9% | 15 |
| GENCO SHIPPING & TRADING LTD | [GNK](https://holderbook.com/stocks/GNK/) | $32.0M | 1,265,912 | 2.7% | 16 |
| ISHARES TR | [EFV](https://holderbook.com/stocks/EFV/) | $30.8M | 395,138 | 2.6% | 15 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $27.0M | 138,736 | 2.3% | 18 |
| TOTALENERGIES SE | [TTE](https://holderbook.com/stocks/TTE/) | $25.8M | 318,791 | 2.2% | 3 |
| GENERAC HLDGS INC | [GNRC](https://holderbook.com/stocks/GNRC/) | $25.5M | 119,355 | 2.2% | 17 |
| DIAMONDBACK ENERGY INC | [FANG](https://holderbook.com/stocks/FANG/) | $24.9M | 127,362 | 2.1% | 5 |
| SNAP ON INC | [SNA](https://holderbook.com/stocks/SNA/) | $22.3M | 54,892 | 1.9% | 15 |
| AERCAP HOLDINGS NV | [AER](https://holderbook.com/stocks/AER/) | $21.9M | 147,851 | 1.9% | 8 |
| WW GRAINGER INC | [GWW](https://holderbook.com/stocks/GWW/) | $20.7M | 15,070 | 1.8% | 15 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $18.7M | 120,314 | 1.6% | 15 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $18.6M | 77,656 | 1.6% | 15 |
| MCKESSON CORP | [MCK](https://holderbook.com/stocks/MCK/) | $18.2M | 21,916 | 1.6% | 5 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $18.0M | 159,352 | 1.5% | 4 |
| TCW ETF TRUST | [GRW](https://holderbook.com/stocks/GRW/) | $17.5M | 560,318 | 1.5% | 4 |
| EDWARDS LIFESCIENCES CORP | [EW](https://holderbook.com/stocks/EW/) | $17.3M | 203,401 | 1.5% | 15 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $16.6M | 33,845 | 1.4% | 22 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $16.4M | 170,246 | 1.4% | 31 |
| HCA HEALTHCARE INC | [HCA](https://holderbook.com/stocks/HCA/) | $16.2M | 43,842 | 1.4% | 5 |
| CME GROUP INC | [CME](https://holderbook.com/stocks/CME/) | $16.2M | 65,960 | 1.4% | 15 |
| T ROWE PRICE EXCHANGE-TRADED | [TURF](https://holderbook.com/stocks/TURF/) | $16.0M | 503,784 | 1.4% | 2 |
| BERKLEY W R CORP | [WRB](https://holderbook.com/stocks/WRB/) | $16.0M | 219,487 | 1.4% | 15 |
| MOHAWK INDS INC | [MHK](https://holderbook.com/stocks/MHK/) | $15.5M | 143,750 | 1.3% | 16 |
| DIAGEO PLC | [DEO](https://holderbook.com/stocks/DEO/) | $14.3M | 168,835 | 1.2% | 8 |
| D R HORTON INC | [DHI](https://holderbook.com/stocks/DHI/) | $13.6M | 94,213 | 1.2% | 13 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $13.2M | 73,648 | 1.1% | 15 |
| ISHARES INC | [EMXC](https://holderbook.com/stocks/EMXC/) | $13.1M | 143,073 | 1.1% | 15 |
| KROGER CO | [KR](https://holderbook.com/stocks/KR/) | $13.0M | 222,908 | 1.1% | 5 |
| AUTOZONE INC | [AZO](https://holderbook.com/stocks/AZO/) | $11.8M | 3,931 | 1.0% | 22 |
| NOMAD FOODS LTD | [NOMD](https://holderbook.com/stocks/NOMD/) | $10.8M | 914,196 | 0.9% | 16 |
| ISHARES GOLD TR | [IAU](https://holderbook.com/stocks/IAU/) | $9.7M | 129,101 | 0.8% | 15 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $4.4M | 6 | 0.4% | 6 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $4.3M | 8,403 | 0.4% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $4.1M | 12,621 | 0.4% | 31 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $4.0M | 32,158 | 0.3% | 16 |
| NVR INC | [NVR](https://holderbook.com/stocks/NVR/) | $3.6M | 563 | 0.3% | 15 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $3.5M | 9,875 | 0.3% | 20 |
| HALLIBURTON CO | [HAL](https://holderbook.com/stocks/HAL/) | $3.2M | 90,316 | 0.3% | 15 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $2.8M | 7,075 | 0.2% | 22 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $2.8M | 10,960 | 0.2% | 5 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $2.8M | 45,898 | 0.2% | 17 |
| BRITISH AMERN TOB PLC | [BTI](https://holderbook.com/stocks/BTI/) | $2.6M | 42,240 | 0.2% | 16 |
| VENTAS INC | [VTR](https://holderbook.com/stocks/VTR/) | $2.6M | 26,696 | 0.2% | 15 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $2.3M | 17,213 | 0.2% | 16 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $2.3M | 9,246 | 0.2% | 16 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $2.3M | 6,500 | 0.2% | 14 |
| LYONDELLBASELL INDUSTRIES NV | [LYB](https://holderbook.com/stocks/LYB/) | $2.1M | 34,538 | 0.2% | 15 |
| BALL CORP | [BALL](https://holderbook.com/stocks/BALL/) | $1.9M | 30,421 | 0.2% | 31 |
| SMUCKER J M CO | [SJM](https://holderbook.com/stocks/SJM/) | $1.9M | 16,566 | 0.2% | 5 |
| UNILEVER PLC | [UL](https://holderbook.com/stocks/UL/) | $1.8M | 28,756 | 0.2% | 3 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $1.5M | 3,530 | 0.1% | 31 |
| CLOROX CO DEL | [CLX](https://holderbook.com/stocks/CLX/) | $1.4M | 14,821 | 0.1% | 15 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $1.3M | 6,586 | 0.1% | 14 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $1.2M | 7,889 | 0.1% | 16 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $1.1M | 4,264 | 0.1% | 16 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $1.1M | 13,680 | 0.1% | 14 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $1.1M | 3,464 | 0.1% | 7 |
| XCEL ENERGY INC | [XEL](https://holderbook.com/stocks/XEL/) | $946.0K | 12,025 | 0.1% | 31 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $909.9K | 7,314 | 0.1% | 22 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $786.7K | 5,275 | 0.1% | 16 |
| APTARGROUP INC | [ATR](https://holderbook.com/stocks/ATR/) | $701.5K | 5,400 | 0.1% | 14 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $660.0K | 6,800 | 0.1% | 4 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $637.5K | 2,550 | 0.1% | 24 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $634.2K | 734 | 0.1% | 4 |
| PPG INDS INC | [PPG](https://holderbook.com/stocks/PPG/) | $615.8K | 5,322 | 0.1% | 14 |
| AON PLC | [AON](https://holderbook.com/stocks/AON/) | $604.4K | 1,666 | 0.1% | 15 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $588.5K | 1,466 | 0.1% | 16 |
| PNC FINL SVCS GROUP INC | [PNC](https://holderbook.com/stocks/PNC/) | $577.3K | 2,308 | 0.0% | 14 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $575.8K | 1,687 | 0.0% | 10 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $562.9K | 1,661 | 0.0% | 22 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $546.3K | 4,825 | 0.0% | 24 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $537.0K | 981 | 0.0% | 15 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $530.4K | 8,778 | 0.0% | 16 |
| CUMMINS INC | [CMI](https://holderbook.com/stocks/CMI/) | $524.3K | 820 | 0.0% | 4 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $523.1K | 1,766 | 0.0% | 25 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $464.4K | 1,394 | 0.0% | 16 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $454.3K | 421 | 0.0% | 5 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $422.4K | 17,764 | 0.0% | 18 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $416.6K | 3,050 | 0.0% | 16 |
| BANK MONTREAL MEDIUM | [BMO](https://holderbook.com/stocks/BMO/) | $396.1K | 2,225 | 0.0% | 8 |
| VANGUARD INDEX FDS | [VOE](https://holderbook.com/stocks/VOE/) | $379.9K | 1,885 | 0.0% | 11 |
| ILLINOIS TOOL WKS INC | [ITW](https://holderbook.com/stocks/ITW/) | $364.3K | 1,341 | 0.0% | 4 |
| FORD MTR CO | [F](https://holderbook.com/stocks/F/) | $327.3K | 23,396 | 0.0% | 6 |
| HERSHEY CO | [HSY](https://holderbook.com/stocks/HSY/) | $326.2K | 1,900 | 0.0% | 16 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $320.9K | 5,082 | 0.0% | 5 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $317.5K | 456 | 0.0% | 10 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $310.8K | 2,807 | 0.0% | 3 |
| NOBLE CORP PLC | [NE](https://holderbook.com/stocks/NE/) | $296.4K | 7,300 | 0.0% | 3 |
| WILLIAMS COS INC | [WMB](https://holderbook.com/stocks/WMB/) | $293.7K | 3,960 | 0.0% | 13 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +3.4% | +14.8% | -11.5% | 98% |
| Q1 2026 | +4.4% | -4.6% | +9.0% | 97% |
| Q4 2025 | +1.7% | +2.4% | -0.7% | 100% |
| Q3 2025 | +4.6% | +7.8% | -3.3% | 98% |
| Q2 2025 | +2.4% | +10.5% | -8.0% | 100% |
| Q1 2025 | +3.3% | -4.6% | +7.9% | 94% |
| Q4 2024 | -4.2% | +2.1% | -6.3% | 101% |
| Q3 2024 | +7.5% | +5.4% | +2.1% | 97% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $1.2B | 114 |
| Q1 2026 | $1.2B | 113 |
| Q4 2025 | $1.1B | 115 |
| Q3 2025 | $1.1B | 112 |
| Q2 2025 | $1.0B | 112 |
| Q1 2025 | $959.1M | 99 |
| Q4 2024 | $976.5M | 102 |
| Q3 2024 | $974.4M | 103 |
| Q2 2024 | $901.2M | 104 |
| Q1 2024 | $857.6M | 104 |
| Q4 2023 | $798.8M | 105 |
| Q3 2023 | $473.6M | 98 |