TOWNSEND ASSET MANAGEMENT CORP /NC/ /ADV

CIK 0000709089 · Q2 2026

13F Equity AUM

$311.8M

+12.7% QoQ

Positions

195

+8 QoQ

AUM Rank

#4,941

Top 56%

Skill Alpha (FF)

-2.6%/yr

Underperformer

Rank #6,530 · Top 79%

vs S&P -3.5%/yr (unadj.)

Quarters Tracked

~6 years

Portfolio Concentration

Top 5: 26.6%Top 10: 41.0%Top 20: 59.8%

NDQ7.0%

DGRW6.1%

AMZN5.3%

JPM4.4%

V3.9%

WAB3.8%

GOOGL3.0%

AAPL2.6%

MAR2.6%

COST2.4%

Others (185)59.0%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services49.0%

Technology12.9%

Consumer Cyclical10.4%

Industrials8.7%

Healthcare5.1%

Communication Services4.6%

Consumer Defensive3.5%

Energy2.7%

Other3.0%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 195Median: 0.14%Avg: 0.51%

0–0.5%

144(17.5%)

0.5–1%

26(16.7%)

1–3%

18(32.4%)

3–5%

4(15.0%)

5%+

3(18.4%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 195vs 20 funds

0%Low

195

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New12Increased91Decreased52Exited4

New Positions

KLAC0.1%

+987

VXUS0.1%

+3K

HONEYWELL AEROSPACE …0.1%

+1K

CRS0.1%

+420

CIEN0.1%

+529

RAFE0.1%

+4K

CRWD0.1%

+271

CTVA0.1%

+2K

GE0.1%

+570

PANW0.1%

+622

Increased

GPIX1.7%

+12K(+15%)

IWF0.6%

+10K(+298%)

VUG0.2%

+5K(+450%)

GPIQ0.6%

+5K(+17%)

CMG0.3%

+3K(+15%)

VO0.1%

+3K(+281%)

RSP0.5%

+2K(+44%)

VTI0.7%

+2K(+41%)

XLK0.4%

+1K(+29%)

XLRE0.0%

+1K(+182%)

Decreased

OWL1.1%

-3,580(-1%)

QCOM2.3%

-2,417(-6%)

ZTS0.5%

-2,366(-9%)

XLU0.0%

-1,724(-44%)

WYNN1.1%

-1,519(-4%)

HON0.1%

-1,228(-50%)

SCHX0.6%

-1,176(-2%)

XLP0.0%

-1,146(-92%)

FNDA0.3%

-870(-4%)

SCHG0.7%

-759(-1%)

Exited

-1,396

-11,883

-3,939

-242

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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