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Townsend & Associates Portfolio holdings

AUM $1.17B
1-Year Est. Return 20.72%
This Fund
S&P 500
This Quarter Est. Return
+9.41%
1 Year Est. Return
+20.72%
3 Year Est. Return
+54.14%
5 Year Est. Return
+61.84%
10 Year Est. Return
–
AUM
$799M
AUM Growth
+$325M
Cap. Flow
+$256M
Cap. Flow %
32.01%
Top 10 Hldgs %
42.73%
Holding
108
New
10
Increased
52
Reduced
30
Closed
3

Top Buys

Rank Stock Value
1
SHV icon
iShares 0-1 Year Treasury Bond ETF
SHV
+$22.3M
2
ISTB icon
iShares Core 1-5 Year USD Bond ETF
ISTB
+$19.3M
3
TLT icon
iShares 20+ Year Treasury Bond ETF
TLT
+$14.7M
4
LQD icon
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
+$14.6M
5
MHK icon
Mohawk Industries
MHK
+$11.5M

Top Sells

Rank Stock Value
1
MIDD icon
Middleby
MIDD
+$365K
2
GD icon
General Dynamics
GD
+$231K
3
IXC icon
iShares Global Energy ETF
IXC
+$228K
4
UNH icon
UnitedHealth
UNH
+$144K
5
V icon
Visa
V
+$139K

Sector Composition

Rank Sector Weight
1 Miscellaneous 42.77%
2 Industrials 15.42%
3 Consumer Discretionary 11.95%
4 Financials 10.23%
5 Consumer Staples 5.56%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LOW icon
101
Lowe's Companies
LOW
$109B
$216K 0.03%
+1,028
New +$208K
BMO icon
102
Bank of Montreal
BMO
$121B
$214K 0.03%
+2,225
New +$186K
MDLZ icon
103
Mondelez International
MDLZ
$79.3B
$212K 0.03%
+2,870
New +$197K
VTI icon
104
Vanguard Morningstar Total Stock Market ETF
VTI
$681B
$204K 0.03%
+847
New +$187K
FSCO
105
FS Credit Opportunities Corp
FSCO
$1.06B
$82.7K 0.01%
14,275
+425
+3% +$2.38K
GD icon
106
General Dynamics
GD
$97B
– –
-969
Closed -$231K
IXC icon
107
iShares Global Energy ETF
IXC
$3B
– –
-5,778
Closed -$228K
MIDD icon
108
Middleby
MIDD
$5.02B
– –
-3,257
Closed -$365K
1 2 3 4
5

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TWM
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CF
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ANBT
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KCM
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Townsend & Associates's Q4 2023 Portfolio in Review

As of Q4 2023, Townsend & Associates held 108 positions worth $799M, up 69% from $474M the previous quarter. Its ten largest holdings account for 43% of the portfolio.

Townsend & Associates deployed $256M of net new capital in Q4 2023, opening 10 new positions and adding to 52 existing holdings. Its largest new stake was Invesco S&P 500 Equal Weight ETF: 12,273 shares worth $1.91M.

By sector, the portfolio is most concentrated in Miscellaneous at 43% of assets, down from 47% a quarter earlier, followed by Industrials and Consumer Discretionary.

On the sell side, the largest reduction was UnitedHealth, an estimated $144K trimmed.

  • Townsend & Associates's largest Q4 2023 buy was Invesco S&P 500 Equal Weight ETF: 12,273 shares worth $1.91M.
  • Townsend & Associates added most to iShares 0-1 Year Treasury Bond ETF in Q4 2023, an estimated $22.3M increase.
  • Townsend & Associates's biggest Q4 2023 reduction was UnitedHealth, cutting an estimated $144K.
  • Townsend & Associates fully exited Middleby in Q4 2023, selling an estimated $365K.
  • Townsend & Associates's ten largest holdings make up 43% of its $799M portfolio in Q4 2023.
  • Townsend & Associates opened 10 new positions and closed 3 in Q4 2023.
  • Townsend & Associates's portfolio value rose 69% quarter-over-quarter to $799M.

Based on Townsend & Associates's 13F filing for Q4 2023, filed 7 Feb 2024.