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: 9-30-2010 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 11/12/2010 --------------------------------- --------------------------------- ---------- [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: 98 Form 13F Information Table Value Total: $ 84665 -------------- (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 11924 137525 SH Sole 131630 5895 AT&T Incorporated COM 00206R102 1368 47862 SH Sole 47687 175 Altria Group, Inc. COM 02209S103 395 16461 SH Sole 16261 200 America West Res Inc Com COM 02365V106 0 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 2451 25078 SH Sole 23833 1245 Avery Dennison Corporation COM 053611109 8553 230433 SH Sole 222178 8255 Bank of America Corporation COM 060505104 158 12062 SH Sole 11466 596 Baxter International Inc. COM 071813109 5152 107989 SH Sole 103304 4685 Becton, Dickinson and Company COM 075887109 4731 63854 SH Sole 61264 2590 Bed Bath & Beyond Incorporated COM 075896100 7728 178040 SH Sole 171605 6435 Berkshire Hathaway Inc. Class COM 084670702 1052 12730 SH Sole 12730 Bristol Myers Squibb Company COM 110122108 909 33553 SH Sole 32753 800 Buckeye Technologies Inc. COM 118255108 36 2500 SH Sole 2500 Canalaska Uranium Ltd COM 2 30000 SH Sole 30000 Canon Inc. ADR COM 138006309 7370 157754 SH Sole 151704 6050 Cedar Fair L P Depositry Unit COM 150185106 206 15575 SH Sole 15575 Chevron Corporation COM 166764100 954 11772 SH Sole 11772 Cisco Systems, Inc. COM 17275R102 161 7360 SH Sole 4960 2400 Citigroup, Inc. COM 172967101 34 8740 SH Sole 7740 1000 Coca-Cola Company COM 191216100 603 10318 SH Sole 9618 700 Colgate-Palmolive Company COM 194162103 154 2004 SH Sole 2004 Comcast Corporation New Class COM 20030N200 8306 488310 SH Sole 471383 16927 Computer Sciences Corporation COM 205363104 7770 168934 SH Sole 164499 4435 Corrections Corporation Of Ame COM 22025Y407 7497 303792 SH Sole 303792 Cytogenix Inc COM 232825109 11 85000 SH Sole 85000 Dell Incorporated COM 24702R101 5361 413380 SH Sole 399890 13490 Duke Energy Corporation New COM 26441C105 2816 159014 SH Sole 155039 3975 Duke Realty Corporation COM 264411505 92 7965 SH Sole 7665 300 E.I. du Pont De Nemours and Co COM 263534109 333 7470 SH Sole 7151 319 ERHC Energy Inc COM 26884j104 2 10000 SH Sole 10000 Ecolab Incorporated COM 278865100 6246 123108 SH Sole 117853 5255 Emerson Electric Co. COM 291011104 295 5620 SH Sole 5620 Enhanced Oil Resources F COM 29333e106 10 58000 SH Sole 58000 Enterprise Products Partners L COM 293792107 300 7566 SH Sole 6766 800 Exxon Mobil Corporation COM 30231G102 3049 49348 SH Sole 48571 777 FedEx Corporation COM 31428X106 620 7256 SH Sole 7256 First Horizon National Corpora COM 320517105 513 45038 SH Sole 43934 1104 Forest Laboratories, Inc. COM 345838106 278 9000 SH Sole 9000 General Electric Company COM 369604103 1080 66500 SH Sole 57700 8800 General Mills, Inc. COM 370334104 7490 204993 SH Sole 198921 6072 Goldman Sachs Group, Inc. COM 38141G104 1909 13208 SH Sole 12338 870 Google Inc. Class A COM 38259P508 149 285 SH Sole 40 245 Green Bankshares Inc COM 394361208 140 20688 SH Sole 20688 Gtx Incorporated Del COM 40052B108 17 5100 SH Sole 5100 Honeywell International Incorp COM 438516106 8957 203858 SH Sole 195813 8045 Iberiabank Corp COM 450828108 1427 28565 SH Sole 28565 Intel Corporation COM 458140100 354 18451 SH Sole 18310 141 International Business Machine COM 459200101 1319 9837 SH Sole 8837 1000 International Flavors & Fragra COM 459506101 124 2562 SH Sole 2162 400 J.M. Smucker Company COM 832696405 14 235 SH Sole 223 12 JPMorgan Chase & Co. COM 46625H100 670 17618 SH Sole 17528 90 Johnson & Johnson COM 478160104 675 10901 SH Sole 10901 Kinder Morgan Energy Partners COM 494550106 327 4784 SH Sole 4784 Kraft Foods Inc. COM 50075N104 316 10260 SH Sole 10260 L Oreal Company ADR (MONACO) COM 502117203 4604 204452 SH Sole 197132 7320 Legg Mason Incorporated COM 524901105 3000 98985 SH Sole 95160 3825 Lowes Companies Incorporated COM 548661107 4461 200163 SH Sole 192143 8020 Marriott International Incorpo COM 571903202 6329 176660 SH Sole 169408 7251 Mattel Incorporated COM 577081102 8509 362710 SH Sole 347540 15170 McGraw Hill Companies Incorpor COM 580645109 5597 169310 SH Sole 163145 6165 Merck & Company Inc. COM 58933y105 535 14551 SH Sole 14186 365 Meredith Corporation COM 589433101 3012 90451 SH Sole 87826 2625 Microsoft Corporation COM 594918104 9289 379316 SH Sole 363936 15380 Mid-America Apartment Communit COM 59522J103 372 6392 SH Sole 5992 400 National Instruments Corporati COM 636518102 375 11502 SH Sole 9352 2150 Nestle S A Sponsored ADR (SWIT COM 641069406 10840 202299 SH Sole 193874 8425 Newell Rubbermaid Incorporated COM 651229106 7089 398056 SH Sole 383006 15050 NextEra Energy, Inc COM 65339F101 229 4212 SH Sole 4212 ONEOK Partners, LP COM 68268N103 202 2700 SH Sole 2700 Oilsands Quest Inc. COM 678046103 20 40000 SH Sole 40000 PepsiCo COM 713448108 339 5108 SH Sole 5108 Pfizer Inc. COM 717081103 895 52143 SH Sole 48143 4000 Philip Morris International In COM 718172109 735 13120 SH Sole 13020 100 Procter & Gamble Company COM 742718109 11701 195116 SH Sole 187711 7405 Regions Financial Corporation COM 7591EP100 186 25670 SH Sole 25670 Royal Dutch Shell Plc Sponsore COM 780259206 313 5200 SH Sole 5200 SGS Ltd Ordinary Shares SA COM H7485A108 2374 1461 SH Sole 1416 45 SGS Sa Adr COM 818800104 309 19055 SH Sole 15990 3065 Santa Fe Hldgs Company COM 802016105 0 10000 SH Sole 10000 Scotts Co Class A COM 810186106 139 2700 SH Sole 2700 Southern Company COM 842587107 201 5403 SH Sole 5403 Spectra Energy Corporation COM 847560109 1804 80020 SH Sole 77973 2047 Stanley Black & Decker Inc COM 854502101 11515 187920 SH Sole 183055 4865 SunTrust Banks, Inc. COM 867914103 6392 247474 SH Sole 237316 10158 Sysco Corporation COM 871829107 6846 240059 SH Sole 230529 9530 UMB Financial Corporation COM 902788108 368 10376 SH Sole 10376 United Parcel Service Incorpor COM 911312106 5074 76098 SH Sole 72808 3290 United Technologies Corporatio COM 913017109 361 5070 SH Sole 5070 Unum Group COM 91529Y106 54 2457 SH Sole 2457 Verizon Communications COM 92343V104 724 22238 SH Sole 21938 300 Wal Mart Stores Incorporated COM 931142103 7603 142065 SH Sole 137365 4700 Walt Disney Company COM 254687106 10435 315274 SH Sole 305319 9955 Wells Fargo & Company COM 949746101 8309 330860 SH Sole 316975 13885 Windstream Corporation COM 97381W104 481 39186 SH Sole 38661 525 Santa Fe Hldgs Company COM 802016105 0 22600 SH Sole 22600 Old Second Capital Trust I 7.8 PFD 680280104 63 14848 SH Sole 14848