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Livermore
Livermore
ZHEN

Townsend & Associates, Inc

SEC CIK
0001729359
Latest filing
Jul 22, 2026

The latest 13F from Townsend & Associates, Inc covers Q2 2026 (filed Jul 22, 2026): 114 long positions worth $1.17B. The top 10 holdings make up 40.0% of the portfolio, and the largest is iShares Trust iShares 0-1 Year Treasury Bond ETF at 6.2%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
2
Est. +$408.1K
Added
44
Est. +$16.9M
Reduced
36
Est. −$311.5M
Sold out
1
Est. −$237.9K

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Trust iShares 0-1 Year Treasury Bond ETF464288679
    6.2%$73.3M
  2. iShares Tr46432F859
    5.1%$59.6M
  3. BHPBHP Group Ltd
    4.2%$49.8MHistory
  4. Janus Detroit STR Tr47103U712
    4.0%$46.9M
  5. iShares Tr464287432
    3.9%$45.3M

Share of portfolio

Top 5 holdings and the other 109 positions, by share of portfolio value

  1. iShares Trust iShares 0-1 Year Treasury Bond ETF6.2%
  2. iShares Tr5.1%
  3. BHP4.2%
  4. Janus Detroit STR Tr4.0%
  5. iShares Tr3.9%
  6. Other 109 positions76.6%

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Trust iShares 0-1 Year Treasury Bond ETF464288679
    +$2.04MAdded
  2. iShares Tr46432F859
    +$1.69MAdded
  3. iShares Tr464287432
    +$1.16MAdded
  4. Janus Detroit STR Tr47103U712
    +$1.11MAdded
  5. AIGAmerican International Group, Inc.
    +$885.2KAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. GWWW.W. Grainger, Inc.
    +0.28 pp1.5% → 1.8%History
  2. NOMDNomad Foods Ltd
    +0.21 pp0.7% → 0.9%History
  3. AIGAmerican International Group, Inc.
    +0.18 pp2.7% → 2.9%History
  4. RTXRTX Corp
    +0.15 pp2.1% → 2.3%History
  5. UPSUnited Parcel Service Inc
    +0.12 pp1.4% → 1.5%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. BKNGBooking Holdings Inc.
    −$304.8MReducedConverted for a 25-for-1 splitHistory
  2. Vanguard Information Technology ETF92204A702
    −$3.82MReducedConverted for a 8-for-1 split
  3. MYRGMyr Group Inc.
    −$677.2KReducedHistory
  4. iShares Core S&P US Value ETF464287663
    −$336.1KReduced
  5. iShares Core High Dividend ETF46429B663
    −$245.9KReducedConverted for a 5-for-1 split

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. T Rowe Price ETF Inc87283Q743
    −0.16 pp1.5% → 1.4%
  2. DHIHorton D R Inc
    −0.15 pp1.3% → 1.2%History
  3. LYBLyondellBasell Industries N.V.
    −0.04 pp0.2% → 0.2%History
  4. HALHalliburton Co
    −0.04 pp0.3% → 0.3%History
  5. LMTLockheed Martin Corp
    −0.04 pp0.4% → 0.4%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$1.17B
+$14.4M (+1.2%) vs. prior quarter
Positions
114
+1 vs. prior quarter
Top 10 concentration
40.0%
Top 10 as share of value
Turnover
1.5%
Q2 2026, one quarter
Average holding period
13.8 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $1.17B (Q2 2026)

Q1 2021: $154.0MQ2 2021: $171.2MQ3 2021: $202.6MQ4 2021: $182.7MQ1 2022: $217.3MQ2 2022: $216.4MQ3 2022: $216.5MQ4 2022: $202.1MQ1 2023: $249.2MQ2 2023: $388.6MQ3 2023: $473.6MQ4 2023: $798.8MQ1 2024: $857.6MQ2 2024: $901.2MQ3 2024: $974.4MQ4 2024: $976.5MQ1 2025: $959.1MQ2 2025: $1.01BQ3 2025: $1.05BQ4 2025: $1.12BQ1 2026: $1.16BQ2 2026: $1.17B
Q1 2021Q2 2026
13F filings of Townsend & Associates, Inc by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 22, 2026114$1.17BiShares Trust iShares 0-1 Year Treasury Bond ETFiShares TrBHPvs. Q1 2026SEC
Q1 2026Apr 29, 2026113$1.16BiShares Trust iShares 0-1 Year Treasury Bond ETFiShares TrBHPvs. Q4 2025SEC
Q4 2025Jan 26, 2026115$1.12BiShares Trust iShares 0-1 Year Treasury Bond ETFiShares TrGLDvs. Q3 2025SEC
Q3 2025Oct 21, 2025112$1.05BiShares Trust iShares 0-1 Year Treasury Bond ETFiShares TriShares Trvs. Q2 2025SEC
Q2 2025Jul 30, 2025112$1.01BiShares Trust iShares 0-1 Year Treasury Bond ETFiShares TrJanus Detroit STR Trvs. Q1 2025SEC
Q1 2025Apr 25, 202599$959.1MiShares Trust iShares 0-1 Year Treasury Bond ETFiShares TriShares Core High Dividend ETFvs. Q4 2024SEC
Q4 2024Feb 4, 2025102$976.5MiShares Trust iShares 0-1 Year Treasury Bond ETFiShares TriShares Core High Dividend ETFvs. Q3 2024SEC
Q3 2024Nov 1, 2024103$974.4MiShares Trust iShares 0-1 Year Treasury Bond ETFiShares TriShares Core High Dividend ETFvs. Q2 2024SEC
Q2 2024Aug 5, 2024104$901.2MiShares Trust iShares 0-1 Year Treasury Bond ETFiShares TriShares Core S&P US Value ETFvs. Q1 2024SEC
Q1 2024Apr 24, 2024104$857.6MiShares Trust iShares 0-1 Year Treasury Bond ETFiShares TriShares Core S&P US Value ETFvs. Q4 2023SEC
Q4 2023Feb 7, 2024105$798.8MiShares Trust iShares 0-1 Year Treasury Bond ETFiShares TriShares Core S&P US Value ETFvs. Q3 2023SEC
Q3 2023Nov 1, 202398$473.6MiShares Core S&P US Value ETFiShares Core High Dividend ETFiShares Trust iShares 0-1 Year Treasury Bond ETFvs. Q2 2023SEC
Q2 2023Jul 31, 2023123$388.6MiShares Core S&P US Value ETFiShares Core High Dividend ETFiShares Trust iShares 0-1 Year Treasury Bond ETFvs. Q1 2023SEC
Q1 2023May 15, 2023116$249.2MiShares Core S&P US Value ETFiShares Core High Dividend ETFAIGvs. Q4 2022SEC
Q4 2022Feb 15, 2023109$202.1MiShares Core S&P US Value ETFiShares Core High Dividend ETFGNKvs. Q3 2022SEC
Q3 2022Nov 9, 202291$216.5MiShares Core S&P 500 ETFiShares Tips Bond ETFLMTvs. Q2 2022SEC
Q2 2022Jul 18, 202278$216.4MiShares Tips Bond ETFiShares Core S&P 500 ETFLMTvs. Q1 2022SEC
Q1 2022Apr 14, 202276$217.3MiShares Tips Bond ETFLMTiShares Core S&P 500 ETFvs. Q4 2021SEC
Q4 2021Jan 18, 202272$182.7MiShares Tips Bond ETFCVSLMTvs. Q3 2021SEC
Q3 2021Oct 19, 202170$202.6MiShares Tips Bond ETFInvesco QQQ Trust Series ICVSvs. Q2 2021SEC
Q2 2021Jul 21, 202167$171.2MInvesco QQQ Trust Series IPVHCVSvs. Q1 2021SEC
Q1 2021Apr 15, 202170$154.0MInvesco QQQ Trust Series IPVHLMT–SEC