13F-HR 1 inftable.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 6-30-2010 Check here if Amendment []; Amendment Number: ------- This Amendment (Check only one.): [] is a restatement. [] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Delta Asset Management, LLC Address: 700 Colonial Road, Suite 130 Memphis, TN 38117 Form 13F File Number: 028-02668 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Persons Signing this Report on Behalf of Reporting Manager: Name: Lisa S. Valentine Title: Portfolio Operations Manager Phone: 615-297-9608 Signature, Place, and Date of Signing: /s/ Lisa S. Valentine Nashville, TN 08/11/2010 --------------------------------- --------------------------------- ---------- [Signature] [City, State] [Date] Report Type (Check only one): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) List of Other Managers Reporting for this Manager: Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 92 Form 13F Information Table Value Total: $ 234259 -------------- (In Thousands) List of Other Included Managers: Provide a numbered list of the name(s) and 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. NONE FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- 3M Company COM 88579Y101 10641 134708 SH Sole 130298 4410 AT&T Incorporated COM 00206R102 1059 43760 SH Sole 43760 Abbott Labs COM 002824100 221 4725 SH Sole 4725 Altria Group, Inc. COM 02209S103 274 13659 SH Sole 13459 200 America West Res Inc Com COM 02365V106 1 10000 SH Sole 10000 American Sec Res Corp COM 029569100 0 100000 SH Sole 100000 Anglo Canadian Uranium F COM 03512n104 3 38500 SH Sole 38500 Apache Corporation COM 037411105 2087 24791 SH Sole 23836 955 Avery Dennison Corporation COM 053611109 7362 229139 SH Sole 223159 5980 Bank of America Corporation COM 060505104 159 11062 SH Sole 10466 596 Baxter International Inc. COM 071813109 4340 106784 SH Sole 103144 3640 Becton, Dickinson and Company COM 075887109 4244 62762 SH Sole 60807 1955 Bed Bath & Beyond Incorporated COM 075896100 6591 177753 SH Sole 172568 5185 Berkshire Hathaway Inc. Class COM 084670702 991 12430 SH Sole 12430 Bristol Myers Squibb Company COM 110122108 827 33175 SH Sole 32375 800 Buckeye Technologies Inc. COM 118255108 25 2500 SH Sole 2500 Canalaska Uranium Ltd COM 13708P102 3 30000 SH Sole 30000 Canon Inc. ADR COM 138006309 5954 159587 SH Sole 154902 4685 Cedar Fair L P Depositry Unit COM 150185106 192 15575 SH Sole 15575 Chevron Corporation COM 166764100 768 11315 SH Sole 11315 Coca-Cola Company COM 191216100 493 9843 SH Sole 9143 700 Colgate-Palmolive Company COM 194162103 158 2004 SH Sole 2004 Comcast Corporation New Class COM 20030N200 8103 493183 SH Sole 480061 13122 Computer Sciences Corporation COM 205363104 7627 168562 SH Sole 165352 3210 Corrections Corporation Of Ame COM 22025Y407 5978 313292 SH Sole 313292 Cytogenix Inc COM 232825109 1 85000 SH Sole 85000 Dell Incorporated COM 24702R101 4964 411617 SH Sole 402037 9580 Duke Energy Corporation New COM 26441C105 2554 159644 SH Sole 156799 2845 E.I. du Pont De Nemours and Co COM 263534109 244 7051 SH Sole 7051 ERHC Energy Inc COM 26884j104 2 10000 SH Sole 10000 Ecolab Incorporated COM 278865100 5606 124833 SH Sole 120538 4295 Emerson Electric Co. COM 291011104 246 5620 SH Sole 5620 Enhanced Oil Resources F COM 29333e106 11 58000 SH Sole 58000 Enterprise Products Partners L COM 293792107 239 6766 SH Sole 6766 Exxon Mobil Corporation COM 30231G102 2682 46995 SH Sole 46820 175 FedEx Corporation COM 31428X106 489 6982 SH Sole 6982 First Horizon National Corpora COM 320517105 502 43886 SH Sole 42796 1090 Forest Laboratories, Inc. COM 345838106 247 9000 SH Sole 9000 General Electric Company COM 369604103 958 66450 SH Sole 57650 8800 General Mills, Inc. COM 370334104 7323 206173 SH Sole 201613 4560 Goldman Sachs Group, Inc. COM 38141G104 1741 13266 SH Sole 12496 770 Green Bankshares Inc COM 394361208 264 20689 SH Sole 20689 Gtx Incorporated Del COM 40052B108 16 5100 SH Sole 5100 Honeywell International Incorp COM 438516106 7862 201442 SH Sole 195532 5910 Iberiabank Corp COM 450828108 1471 28565 SH Sole 28565 Intel Corporation COM 458140100 312 16060 SH Sole 16060 International Business Machine COM 459200101 1204 9752 SH Sole 8752 1000 International Flavors & Fragra COM 459506101 109 2562 SH Sole 2162 400 J.M. Smucker Company COM 832696405 2 28 SH Sole 16 12 JPMorgan Chase & Co. COM 46625H100 590 16128 SH Sole 16128 Johnson & Johnson COM 478160104 592 10021 SH Sole 10021 Kinder Morgan Energy Partners COM 494550106 279 4284 SH Sole 4284 Kraft Foods Inc. COM 50075N104 287 10260 SH Sole 10260 L Oreal Company ADR (MONACO) COM 502117203 4063 204822 SH Sole 198952 5870 Legg Mason Incorporated COM 524901105 2764 98606 SH Sole 95886 2720 Lowes Companies Incorporated COM 548661107 4051 198405 SH Sole 192125 6280 Marriott International Incorpo COM 571903202 5312 177411 SH Sole 171669 5742 Mattel Incorporated COM 577081102 7664 362191 SH Sole 350671 11520 McGraw Hill Companies Incorpor COM 580645109 4740 168445 SH Sole 163955 4490 Merck & Company Inc. COM 58933y105 488 13966 SH Sole 13709 257 Meredith Corporation COM 589433101 2813 90349 SH Sole 88519 1830 Microsoft Corporation COM 594918104 8502 369480 SH Sole 357880 11600 Mid-America Apartment Communit COM 59522J103 331 6433 SH Sole 6033 400 National Instruments Corporati COM 636518102 373 11737 SH Sole 9587 2150 Nestle S A Sponsored ADR (SWIT COM 641069406 9774 201903 SH Sole 195571 6332 Newell Rubbermaid Incorporated COM 651229106 5823 397777 SH Sole 386452 11325 NextEra Energy, Inc COM 65339F101 205 4212 SH Sole 4212 Oilsands Quest Inc. COM 678046103 24 40000 SH Sole 40000 PepsiCo COM 713448108 286 4690 SH Sole 4690 Pfizer Inc. COM 717081103 737 51682 SH Sole 47882 3800 Philip Morris International In COM 718172109 533 11629 SH Sole 11529 100 Procter & Gamble Company COM 742718109 11566 192828 SH Sole 187328 5500 Regions Financial Corporation COM 7591EP100 179 27205 SH Sole 27205 Royal Dutch Shell Plc Sponsore COM 780259206 264 5250 SH Sole 5250 Santa Fe Hldgs Company COM 802016105 0 10000 SH Sole 10000 Scotts Co Class A COM 810186106 120 2700 SH Sole 2700 Spectra Energy Corporation COM 847560109 1528 76130 SH Sole 74713 1417 Stanley Black & Decker Inc COM 854502101 9432 186702 SH Sole 183752 2950 SunTrust Banks, Inc. COM 867914103 5807 249234 SH Sole 239076 10158 Sysco Corporation COM 871829107 6788 237595 SH Sole 230605 6990 UMB Financial Corporation COM 902788108 369 10376 SH Sole 10376 United Parcel Service Incorpor COM 911312106 4354 76528 SH Sole 73868 2660 United Technologies Corporatio COM 913017109 314 4845 SH Sole 4845 Unum Group COM 91529Y106 53 2457 SH Sole 2457 Verizon Communications COM 92343V104 558 19910 SH Sole 19910 Wal Mart Stores Incorporated COM 931142103 6816 141785 SH Sole 138240 3545 Walt Disney Company COM 254687106 9844 312514 SH Sole 305759 6755 Wells Fargo & Company COM 949746101 8406 328340 SH Sole 317930 10410 Windstream Corporation COM 97381W104 402 38043 SH Sole 38043 Yukon Gold Corp Inc COM 988480109 0 31000 SH Sole 31000 Santa Fe Hldgs Company COM 802016105 0 22600 SH Sole 22600 Old Second Capital Trust I 7.8 PFD 680280104 78 14848 SH Sole 14848