CapWealth Advisors 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
FEDERAL HOME LN MTG CORP 6.02	PFD	313400657	6,595	858,664	SH		SOLE		845,764	0	12,900
FEDERAL HOME LN MTG CORP VAR S	PFD	313400624	15,742	1,796,975	SH		SOLE		1,741,775	0	55,200
FEDERAL NATL MTG ASSN NON CUM	PFD	313586786	13,606	1,895,022	SH		SOLE		1,829,372	0	65,650
FEDERAL NATL MTG ASSN PFD 8.25	PFD	313586752	32,829	3,826,194	SH		SOLE		3,654,863	0	171,331
FEDERAL NATL MTG ASSN PFD SER	PFD	313586737	23,581	3,070,451	SH		SOLE		2,924,341	0	146,110
FEDERAL NTNL MOR 7 PFD PFD SER	PFD	313586794	2,041	131,685	SH		SOLE		130,285	0	1,400
FREDDIE MAC 0 PFD PFD	PFD	313400715	1,497	104,190	SH		SOLE		96,690	0	7,500
1/100 BERKSHIRE HTWY CLA 100 S	COM	084990175	696	200	SH		SOLE		0	0	200
3M CO COM	COM	88579Y101	9,000	51,492	SH		SOLE		45,312	0	6,180
AMAZON COM INC COM	COM	023135106	18,522	5,687	SH		SOLE		4,930	0	757
AMGEN INC COM	COM	031162100	10,909	47,446	SH		SOLE		43,980	0	3,466
APPLE INC COM	COM	037833100	43,837	330,370	SH		SOLE		302,713	0	27,657
AT&T INC COM	COM	00206R102	18,025	626,729	SH		SOLE		568,279	0	58,450
BERKSHIRE HATHAWAY CLASS B	COM	084670702	19,703	84,973	SH		SOLE		82,316	0	2,657
BK OF AMERICA CORP COM	COM	060505104	31,190	1,029,049	SH		SOLE		964,297	0	64,752
BLACKSTONE GROUP INC COM CL A	COM	09260D107	2,928	45,185	SH		SOLE		35,930	0	9,255
BRISTOL-MYERS SQUIBB	COM	110122108	608	9,806	SH		SOLE		191	0	9,615
CARRIER GLOBAL CORPORATION COM	COM	14448C104	3,232	85,683	SH		SOLE		80,665	0	5,018
CHARTER COMMUNICATN CLASS A	COM	16119p108	617	933	SH		SOLE		903	0	30
CHEVRON CORP NEW COM	COM	166764100	8,154	96,559	SH		SOLE		88,221	0	8,338
CISCO SYS INC COM	COM	17275R102	21,529	481,085	SH		SOLE		451,213	0	29,872
CITIGROUP INC COM NEW	COM	172967424	17,366	281,649	SH		SOLE		261,308	0	20,341
CLOROX COMPANY	COM	189054109	492	2,438	SH		SOLE		948	0	1,490
COCA COLA CO COM	COM	191216100	8,258	150,580	SH		SOLE		136,795	0	13,785
CORNING INC COM	COM	219350105	24,159	671,083	SH		SOLE		625,580	0	45,503
COSTCO WHOLESALE CO	COM	22160k105	1,657	4,398	SH		SOLE		1,943	0	2,455
CROWN CASTLE INTL CORP NEW COM	COM	22822V101	8,664	54,424	SH		SOLE		48,677	0	5,747
CVS HEALTH CORP COM	COM	126650100	19,023	278,525	SH		SOLE		262,911	0	15,614
DISNEY WALT CO COM DISNEY	COM	254687106	14,886	82,161	SH		SOLE		76,219	0	5,942
DOW INC COM	COM	260557103	19,393	349,424	SH		SOLE		329,158	0	20,266
DUKE ENERGY CORP NEW	COM	26441C204	264	2,888	SH		SOLE		2,120	0	768
ENCOMPASS HEALTH CORP	COM	29261a100	462	5,585	SH		SOLE		5,585	0	0
EQUINIX INC COM	COM	29444U700	22,015	30,826	SH		SOLE		29,108	0	1,718
F B FINL CORP00500	COM	30257x104	553	15,935	SH		SOLE		15,935	0	0
FEDERAL HOME LN MTG CORP	COM	313400301	1,331	571,200	SH		SOLE		552,300	0	18,900
FEDERAL NATL MTG ASSN GT	COM	313586109	3,827	1,601,100	SH		SOLE		1,588,400	0	12,700
FIFTH THIRD BANCORP COM	COM	316773100	1,910	69,277	SH		SOLE		67,427	0	1,850
FIRST HORIZON NATL	COM	320517105	189	14,818	SH		SOLE		14,818	0	0
GENERAC HLDGS INC COM	COM	368736104	4,620	20,314	SH		SOLE		20,124	0	190
GENERAL ELECTRIC CO COM	COM	369604103	18,692	1,730,766	SH		SOLE		1,690,049	0	40,717
GILEAD SCIENCES INC COM	COM	375558103	12,352	212,015	SH		SOLE		203,045	0	8,970
HCA HEALTHCARE INC	COM	40412c101	1,044	6,348	SH		SOLE		6,348	0	0
HERSHEY CO COM	COM	427866108	8,487	55,713	SH		SOLE		51,343	0	4,370
HEXCEL CORP NEW COM	COM	428291108	6,442	132,859	SH		SOLE		120,819	0	12,040
HOME DEPOT INC COM	COM	437076102	16,968	63,880	SH		SOLE		58,511	0	5,369
HONEYWELL INTL INC COM	COM	438516106	13,716	64,487	SH		SOLE		60,190	0	4,297
HOSTESS BRANDS INC CL A	COM	44109J106	2,391	163,330	SH		SOLE		159,640	0	3,690
INTEL CORPORATION	COM	458140100	229	4,596	SH		SOLE		4,096	0	500
INTERNATIONAL BUSINESS MACHS C	COM	459200101	13,610	108,118	SH		SOLE		97,603	0	10,515
JOHNSON & JOHNSON COM	COM	478160104	22,985	146,050	SH		SOLE		135,984	0	10,066
JPMORGAN CHASE & CO COM	COM	46625H100	10,084	79,360	SH		SOLE		74,080	0	5,280
LOWES COS INC	COM	548661107	321	2,000	SH		SOLE		2,000	0	0
LUMEN TECHNOLOGIES INC	COM	156700106	9,500	974,405	SH		SOLE		940,473	0	33,932
MADISON SQUARE GARDEN CO CLASS	COM	55825t103	295	1,600	SH		SOLE		0	0	1,600
MARATHON PETE CORP COM	COM	56585A102	2,149	51,964	SH		SOLE		50,447	0	1,517
MCDONALDS CORP	COM	580135101	662	3,084	SH		SOLE		629	0	2,455
MERCK & CO. INC COM	COM	58933Y105	12,826	156,796	SH		SOLE		146,856	0	9,940
MICROSOFT CORP COM	COM	594918104	36,854	165,694	SH		SOLE		153,119	0	12,575
NATIONAL HEALTH INVS INC COM	COM	63633D104	18,054	261,011	SH		SOLE		239,579	0	21,432
NEXTERA ENERGY INC	COM	65339f101	266	3,453	SH		SOLE		3,453	0	0
PALANTIR TECHNOLOGIES IN CLASS	COM	69608a108	9,487	402,827	SH		SOLE		383,039	0	19,788
PEPSICO INC COM	COM	713448108	12,850	86,646	SH		SOLE		79,951	0	6,695
PINNACLE FINL PARTNR	COM	72346q104	306	4,755	SH		SOLE		4,625	0	130
RAYTHEON TECHNOLOGIES CORP COM	COM	75513E101	14,024	196,111	SH		SOLE		183,473	0	12,638
SCHEIN HENRY INC	COM	806407102	334	5,000	SH		SOLE		5,000	0	0
SNAP ON INC COM	COM	833034101	6,543	38,231	SH		SOLE		37,639	0	592
SONY CORP SPONSORED ADR	COM	835699307	10,968	108,488	SH		SOLE		104,560	0	3,928
SOUTHERN CO	COM	842587107	1,394	22,693	SH		SOLE		17,003	0	5,690
SPDR PORTFOLIO S&P 500 ETF	COM	78464a854	234	5,333	SH		SOLE		5,333	0	0
STARBUCKS CORP COM	COM	855244109	17,647	164,956	SH		SOLE		145,691	0	19,265
STARWOOD PPTY TR INC COM	COM	85571B105	18,671	967,410	SH		SOLE		923,570	0	43,840
STRYKER CORPORATION COM	COM	863667101	11,056	45,118	SH		SOLE		41,249	0	3,869
THERALASE TECHNOLOGY F	COM	88337v100	15	103,000	SH		SOLE		103,000	0	0
TILRAY INC	COM	88688t100	356	43,100	SH		SOLE		43,100	0	0
TRACTOR SUPPLY CO COM	COM	892356106	7,499	53,344	SH		SOLE		46,665	0	6,679
UNITED PARCEL SERVICE INC CL B	COM	911312106	14,559	86,457	SH		SOLE		80,440	0	6,017
UNITEDHEALTH GRP INC	COM	91324p102	212	605	SH		SOLE		605	0	0
VAIL RESORTS INC	COM	91879q109	382	1,370	SH		SOLE		0	0	1,370
VERISIGN INC	COM	92343e102	1,353	6,251	SH		SOLE		5,951	0	300
VERIZON COMMUNICATIONS INC COM	COM	92343V104	11,599	197,426	SH		SOLE		176,427	0	20,999
VISA INC CLASS A	COM	92826c839	224	1,022	SH		SOLE		1,022	0	0
WALMART INC COM	COM	931142103	793	5,502	SH		SOLE		5,082	0	420
WESTROCK CO COM	COM	96145D105	17,393	399,555	SH		SOLE		378,985	0	20,570
WILLIAMS COS INC COM	COM	969457100	12,761	636,474	SH		SOLE		589,438	0	47,036
WILLIAMS INDL SVCS GROUP	COM	96951a104	69	26,553	SH		SOLE		26,553	0	0
XECHEM INTL INC NEW XXX REGIST	COM	983895301	0	20,000	SH		SOLE		0	0	20,000
DAVIS SELECT US EQUITY ETF	ETF	23908l207	5,080	172,954	SH		SOLE		152,533	0	20,421
ENERGY SELECT SECTOR SPDR ETF	ETF	81369y506	224	5,910	SH		SOLE		5,910	0	0
INVESCO S&P 500 EQUAL WEIGHT E	ETF	46137v357	749	5,874	SH		SOLE		4,754	0	1,120
ISHARES CORE S&P 500 ETF	ETF	464287200	2,155	5,741	SH		SOLE		5,741	0	0
ISHARES CORE S&P MID CAP ETF	ETF	464287507	291	1,265	SH		SOLE		1,265	0	0
ISHARES PREFERRED INCOME SEC E	ETF	464288687	419	10,869	SH		SOLE		9,339	0	1,530
ISHARES RUSSELL 1000 GROWTH ET	ETF	464287614	218	903	SH		SOLE		903	0	0
ISHARES TIPS BOND ETF	ETF	464287176	409	3,205	SH		SOLE		2,602	0	603
ISHARES TR SELECT DIVID ETF	ETF	464287168	863	8,975	SH		SOLE		8,400	0	575
SCHWAB US DIVIDEND EQUITY ETF	ETF	808524797	962	14,996	SH		SOLE		13,980	0	1,016
SPDR S&P 500 ETF	ETF	78462f103	1,109	2,965	SH		SOLE		2,722	0	243
VANGUARD DIVIDEND APPRECIATION	ETF	921908844	1,628	11,530	SH		SOLE		10,390	0	1,140
VANGUARD S&P 500 ETF	ETF	922908363	693	2,017	SH		SOLE		2,017	0	0