Latest TOWNSEND ASSET MANAGEMENT CORP /NC/ /ADV Stock Portfolio

TOWNSEND ASSET MANAGEMENT CORP /NC/ /ADV Performance:

2024 Q3: 3.72%YTD: 13.56%2023: 16.92%

Performance for 2024 Q3 is 3.72%, and YTD is 13.56%, and 2023 is 16.92%.

About TOWNSEND ASSET MANAGEMENT CORP /NC/ /ADV and 13F Hedge Fund Stock Holdings

In it's latest 13F Holdings report, TOWNSEND ASSET MANAGEMENT CORP /NC/ /ADV reported an equity portfolio of $269.4 Millions as of 30 Sep, 2024.

The top stock holdings of TOWNSEND ASSET MANAGEMENT CORP /NC/ /ADV are QQQ, JAMF, QCOM. The fund has invested 7% of it's portfolio in INVESCO QQQ TR and 5.3% of portfolio in WISDOMTREE TR.

The fund managers got completely rid off DISNEY WALT CO (DIS), STRYKER CORPORATION (SYK) and INDEPENDENT BANK GROUP INC (IBTX) stocks. They significantly reduced their stock positions in CONSTELLATION BRANDS INC (STZ), WISDOMTREE TR (JAMF) and SCHWAB STRATEGIC TR (FNDA). TOWNSEND ASSET MANAGEMENT CORP /NC/ /ADV opened new stock positions in SCHLUMBERGER LTD (SLB), NEXTERA ENERGY INC (NEE) and L3HARRIS TECHNOLOGIES INC (LHX). The fund showed a lot of confidence in some stocks as they added substantially to DOUBLEVERIFY HLDGS INC (DV), ISHARES TR (IJR) and VANGUARD INDEX FDS (VB).

TOWNSEND ASSET MANAGEMENT CORP /NC/ /ADV Annual Return Estimates Vs S&P 500

Our best estimate is that TOWNSEND ASSET MANAGEMENT CORP /NC/ /ADV made a return of 3.72% in the last quarter. In trailing 12 months, it's portfolio return was 23.28%.

New Buys

Ticker	$ Bought
schlumberger ltd	2,063,440
nextera energy inc	232,703
l3harris technologies inc	207,926
abbott labs	206,478
hashicorp inc	205,158
ishares tr	192,570
ishares tr	8,736

New stocks bought by TOWNSEND ASSET MANAGEMENT CORP /NC/ /ADV

Additions

Ticker	% Inc.
doubleverify hldgs inc	259
ishares tr	221
vanguard index fds	156
parker-hannifin corp	62.69
amgen inc	46.95
ishares tr	44.00
blue owl capital inc	32.58
ishares tr	21.8

Additions to existing portfolio by TOWNSEND ASSET MANAGEMENT CORP /NC/ /ADV

Reductions

Ticker	% Reduced
constellation brands inc	-67.67
wisdomtree tr	-65.94
schwab strategic tr	-46.17
select sector spdr tr	-36.2
schwab strategic tr	-31.74
s&p global inc	-30.18
ishares tr	-28.25
select sector spdr tr	-19.51

TOWNSEND ASSET MANAGEMENT CORP /NC/ /ADV reduced stake in above stock

Sold off

Ticker	$ Sold
disney walt co	-1,474,320
independent bank group inc	-230,331
novo-nordisk a s	-230,240
clorox co del	-207,664
stryker corporation	-291,073
invesco exchange traded fd t	-13,975
ishares tr	-551
ishares tr	-514

TOWNSEND ASSET MANAGEMENT CORP /NC/ /ADV got rid off the above stocks

Sector Distribution

TOWNSEND ASSET MANAGEMENT CORP /NC/ /ADV has about 31.2% of it's holdings in Others sector.

Sector	%
Others	31.2
Technology	21.4
Financial Services	11.2
Consumer Cyclical	9.6
Healthcare	6.5
Industrials	5.8
Consumer Defensive	5.7
Communication Services	2.4
Utilities	2.3
Energy	1.9
Real Estate	1.1

Market Cap. Distribution

TOWNSEND ASSET MANAGEMENT CORP /NC/ /ADV has about 58.4% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
MEGA-CAP	31.3
UNALLOCATED	31.2
LARGE-CAP	27.1
MID-CAP	9.6

Stocks belong to which Index?

About 66% of the stocks held by TOWNSEND ASSET MANAGEMENT CORP /NC/ /ADV either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	59.8
Others	33.9
RUSSELL 2000	6.2

Top 5 Winners (%)		%
PYPL	paypal hldgs inc	34.2 %
IBM	international business machs	27.8 %
AFL	aflac inc	24.8 %
BMY	bristol-myers squibb co	24.6 %
BX	blackstone inc	23.6 %

Top 5 Winners ($)		$
WAB	wabtec	1.1 M
AAPL	apple inc	0.9 M
JAMF	wisdomtree tr	0.9 M
PYPL	paypal hldgs inc	0.8 M
DHR	danaher corporation	0.6 M

Top 5 Losers (%)		%
QCOM	qualcomm inc	-14.2 %
DV	doubleverify hldgs inc	-13.6 %
GOOG	alphabet inc	-8.9 %
GOOG	alphabet inc	-8.8 %
MRK	merck & co inc	-8.3 %

Top 5 Losers ($)		$
QCOM	qualcomm inc	-1.9 M
GOOG	alphabet inc	-0.4 M
AMZN	amazon com inc	-0.4 M
MSFT	microsoft corp	-0.3 M
DV	doubleverify hldgs inc	-0.3 M

TOWNSEND ASSET MANAGEMENT CORP /NC/ /ADV Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of TOWNSEND ASSET MANAGEMENT CORP /NC/ /ADV

TOWNSEND ASSET MANAGEMENT CORP /NC/ /ADV has 194 stocks in it's portfolio. About 40.1% of the portfolio is in top 10 stocks. QCOM proved to be the most loss making stock for the portfolio. WAB was the most profitable stock for TOWNSEND ASSET MANAGEMENT CORP /NC/ /ADV last quarter.

Last Reported on: 21 Oct, 2024

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAPL	apple inc	3.65	42,224	9,838,090	reduced	-0.54

AAXJ	ishares tr	0.07	3,475	198,457	unchanged	0.00

AAXJ	ishares tr	0.00	101	9,452	unchanged	0.00

AAXJ	ishares tr	0.00	64.00	6,884	unchanged	0.00

AAXJ	ishares tr	0.00	35.00	4,186	unchanged	0.00

AAXJ	ishares tr	0.00	37.00	3,545	unchanged	0.00

AAXJ	ishares tr	0.00	26.00	1,369	unchanged	0.00

AAXJ	ishares tr	0.00	0.00	0.00	sold off	-100

ABBV	abbvie inc	0.11	1,454	287,229	added	0.07

ABT	abbott labs	0.08	1,811	206,478	new

ACGL	arch cap group ltd	0.09	2,058	230,249	unchanged	0.00

ACN	accenture plc ireland	1.13	8,634	3,051,950	reduced	-3.05

ADBE	adobe inc	0.19	970	502,247	reduced	-0.61

ADI	analog devices inc	0.15	1,710	393,591	unchanged	0.00

ADP	automatic data processing in	0.67	6,506	1,800,400	reduced	-12.35

AEP	american elec pwr co inc	0.11	2,980	305,748	unchanged	0.00

AFL	aflac inc	0.67	16,058	1,795,280	reduced	-4.63

AMD	advanced micro devices inc	0.13	2,114	346,865	unchanged	0.00

AMGN	amgen inc	0.26	2,219	714,980	added	46.95

AMPS	ishares tr	0.70	20,515	1,873,180	added	0.1