TOWNSEND ASSET MANAGEMENT CORP /NC/ /ADV

CIK 0000709089 · Q1 2026

13F Equity AUM

$276.7M

-2.5% QoQ

Positions

187

+11 QoQ

AUM Rank

#6,163

Top 50%

Skill Alpha (FF)

-2.4%/yr

Underperformer

Rank #5,723 · Top 70%

vs S&P -4.7%/yr (unadj.)

Quarters Tracked

~6 years

Portfolio Concentration

Top 5: 26.2%Top 10: 40.8%Top 20: 60.4%

DGRW6.3%

NDQ6.2%

AMZN5.3%

JPM4.5%

WAB4.0%

V3.8%

COST2.9%

GOOGL2.7%

MSFT2.6%

AAPL2.6%

Others (177)59.2%

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

Sector Allocation

Financial Services48.2%

Technology10.9%

Consumer Cyclical10.7%

Industrials8.9%

Healthcare5.9%

Communication Services4.6%

Consumer Defensive4.2%

Energy3.4%

Other3.2%

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

Position Sizing

Positions: 187Median: 0.14%Avg: 0.53%

0–0.5%

138(17.1%)

0.5–1%

23(14.8%)

1–3%

20(38.0%)

3–5%

3(12.3%)

5%+

3(17.7%)

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

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Portfolio Overlap

Shared: 186Unique: 1vs 20 funds

2.5%Low

187

Fund positions

7,299

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.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

BANK OF AMERICA CORP /DE/

3.9%

3.5%

3.7%

5.7%

3.7%

2.9%

GEODE CAPITAL MANAGEMENT, LLC

2.3%

VANGUARD CAPITAL MANAGEMENT LLC

2.3%

VANGUARD PORTFOLIO MANAGEMENT LLC

2.7%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New15Increased103Decreased38Exited4

New Positions

DE0.3%

+2K

WDC0.1%

+1K

COP0.1%

+2K

SNDK0.1%

+404

NTRA0.1%

+1K

NEE0.1%

+2K

LOW0.1%

+940

GEV0.1%

+255

ETN0.1%

+599

IBDV0.0%

+3K

Increased

OWL1.3%

+65K(+20%)

GPIX1.5%

+64K(+355%)

FNDX0.3%

+27K(+692%)

NFLX1.0%

+21K(+295%)

COIN1.6%

+15K(+151%)

GPIQ0.5%

+11K(+66%)

CGGR1.9%

+11K(+10%)

CMG0.2%

+6K(+42%)

DGRW6.3%

+5K(+3%)

DUK1.8%

+3K(+9%)

Decreased

QCOM1.9%

-50,404(-55%)

SCHM0.2%

-6,510(-25%)

SCHB0.2%

-4,894(-15%)

SCHA0.2%

-3,299(-17%)

SPLV0.2%

-1,294(-16%)

WYNN1.3%

-1,263(-3%)

FNDA0.3%

-1,143(-5%)

VTV0.3%

-955(-21%)

IJR0.4%

-856(-10%)

KO0.4%

-758(-5%)

Exited

-55,603

-9,563

-4,815

-15

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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