Townsend & Associates, Inc

CIK 0001729359 · Q2 2026

13F Equity AUM

$1.2B

+1.2% QoQ

Positions

114

-113 QoQ

AUM Rank

#3,093

Top 25%

Skill Alpha (FF)

-2.7%/yr^ns

No Clear Edge

Rank #5,983 · Top 73%

vs S&P -2.7%/yr (unadj.)

Quarters Tracked

~8 years

Portfolio Concentration

Top 5: 23.4%Top 10: 40.0%Top 20: 63.8%

SHV6.2%

ISTB5.1%

BHP4.3%

JIII4.0%

TLT3.9%

NTR3.5%

MYRG3.5%

GQ93.4%

HDV3.1%

IUSV3.0%

Others (104)60.0%

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

Sector Allocation

No sector data available.

Position Sizing

Positions: 114Median: 0.19%Avg: 0.88%

0–0.5%

72(7.1%)

0.5–1%

2(1.8%)

1–3%

30(51.1%)

3–5%

8(28.7%)

5%+

2(11.3%)

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

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Portfolio Overlap

Shared: 0Unique: 114vs 20 funds

0%Low

114

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

New0Increased0Decreased0Exited0

No position changes this quarter.

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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