Boltwood Capital Management
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 6, 2026), Boltwood Capital Management reported 192 stock positions worth $436.4 million. Its top holding was Schwab Intl Equity ETF (SCHF) at 7.2% of the portfolio, followed by NT Iboxx 3Y Dur Tips ETF (TDTT, 5.5%) and Ste STR SPDR PT DW Eu ETF (SPDW, 3.2%). Compared with Q1 2026, it opened 11 new positions, sold out of 3, added to 111 and reduced 60. The biggest buy was Alphabet Class A (GOOGL, shares +1%) and the biggest sale NT HY Val-SCRD BD ETF (HYGV, shares −23%).
- Most Recent 13F
- Q2 2026
- Location
- WALNUT CREEK, CA
- CIK
- 0001563690
- Portfolio Value
- $436.4M (Q2 2026)
- SEC Filing
- 0001563690-26-000003 ↗ filed Jul 6, 2026
Holdings Value
Holdings 192 stocks · $436.4M
| SCHF Schwab Intl Equity ETF | 7.19% | 1,133,518 | $31.4M | Reduce -1.1% |
| TDTT NT Iboxx 3Y Dur Tips ETF | 5.45% | 995,568 | $23.8M | Add +10.0% |
| SPDW Ste STR SPDR PT DW Eu ETF | 3.16% | 273,455 | $13.8M | Reduce -0.5% |
| MBB iShares MBS ETF | 3.02% | 139,285 | $13.2M | Add +3.6% |
| IEI iShares 3-7 Year Treasury Bo | 2.69% | 99,909 | $11.7M | Add +1.9% |
| AAPL Apple Inc. | 2.58% | 38,842 | $11.2M | Add +2.8% |
| NVDA Nvidia Corp. | 2.55% | 55,677 | $11.1M | Add +3.4% |
| XLK SS Technology Select Sector | 2.44% | 55,807 | $10.6M | Reduce -0.7% |
| GOOGL Alphabet Inc. Class A | 2.23% | 27,174 | $9.7M | Add +1.1% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 2.19% | 264,128 | $9.6M | Add +3.3% |
| IJH iShares Core S&P Midcap ETF | 2.08% | 117,935 | $9.1M | Add +0.1% |
| IJR iShares Core S&P Small-Cap E | 1.92% | 56,611 | $8.4M | Reduce -0.6% |
| CAT Caterpillar Inc. | 1.80% | 7,359 | $7.8M | Reduce -2.8% |
| MSFT Microsoft Corp. | 1.73% | 20,229 | $7.5M | Add +4.9% |
| HYGV NT HY Val-SCRD BD ETF | 1.67% | 180,790 | $7.3M | Reduce -22.6% |
| GUNR NT Mstar GLBL NR ETF | 1.59% | 140,613 | $6.9M | Add +8.8% |
| SHY iShares 1-3 Year Treasury Bo | 1.57% | 83,420 | $6.8M | Add +0.1% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 1.53% | 83,640 | $6.7M | Reduce -4.4% |
| KLAC KLA Corp. | 1.39% | 20,100 | $6.1M | Reduce -1.0% |
| SPEM State Street SP PTF Em ETF | 1.33% | 112,504 | $5.8M | Add +0.2% |
| JPM JPMorgan Chase & Co. | 1.27% | 16,944 | $5.5M | Reduce -0.2% |
| GQRE NT GLBL Qual Re ETF | 1.24% | 84,852 | $5.4M | Add +1.5% |
| NFRA NT GLBL BRD Infra ETF | 1.24% | 84,421 | $5.4M | Add +1.0% |
| MBSD NT Disc Dur MBS ETF | 1.22% | 258,214 | $5.3M | Reduce -9.6% |
| AMD Advanced Micro Devices | 1.15% | 8,664 | $5.0M | Reduce -0.5% |
| SPMB SS SPDR P Mort Back Bond ETF | 1.14% | 223,723 | $5.0M | Add +10.7% |
| AMZN Amazon.com Inc. | 1.05% | 19,149 | $4.6M | Add +4.0% |
| GNR State Street SPDR S&P Global | 1.04% | 67,202 | $4.5M | Add +36.9% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.98% | 81,305 | $4.3M | Add +0.7% |
| SCHA Schwab US Small-Cap ETF | 0.98% | 117,817 | $4.3M | Reduce -0.1% |
| CVX Chevron Corp. | 0.87% | 22,860 | $3.8M | Add +0.4% |
| SKOR NT Crdscr US Corp. BD ETF | 0.85% | 75,994 | $3.7M | Reduce -0.8% |
| SCHM Schwab US Mid Cap ETF | 0.82% | 96,784 | $3.6M | Add +1.6% |
| XOM Exxon Mobil Corp. | 0.80% | 25,625 | $3.5M | Add +0.8% |
| STIP iShares 0-5 Year Tips Bond E | 0.78% | 33,140 | $3.4M | Add +48.8% |
| EFA iShares MSCI Eafe ETF | 0.76% | 31,827 | $3.3M | Reduce -0.7% |
| XLV SS Health Care Select Sector | 0.73% | 20,178 | $3.2M | Add +3.9% |
| XLY SS Consumer Disc Select Sect | 0.69% | 25,820 | $3.0M | Add +1.0% |
| SCHB Schwab US Broad Market ETF | 0.68% | 102,641 | $3.0M | Reduce -0.1% |
| META Meta Platforms Inc. Class A | 0.66% | 5,110 | $2.9M | Add +5.0% |
| IEF iShares 7-10 Year Treasury B | 0.66% | 30,368 | $2.9M | Add +1.1% |
| LOW Lowe's Cos Inc. | 0.60% | 11,937 | $2.6M | Reduce -0.0% |
| XLI SS Industrial Select Sector | 0.59% | 13,806 | $2.6M | Reduce -1.3% |
| XLF SS Financial Select Sector | 0.56% | 45,562 | $2.4M | Add +0.7% |
| AXP American Express Co. | 0.55% | 7,070 | $2.4M | Reduce -0.4% |
| VEU Vanguard Ftse All-World Ex-U | 0.53% | 27,619 | $2.3M | Reduce -0.1% |
| XLE SS Energy Select Sector | 0.52% | 42,976 | $2.3M | Reduce -0.1% |
| XLC SS Comm Select Sector SPDR | 0.52% | 21,210 | $2.3M | Add +3.2% |
| LLY Eli Lilly & Co. | 0.52% | 1,878 | $2.3M | Add +1.0% |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | 0.49% | 81,685 | $2.1M | Add +12.8% |
| KO The Coca-Cola Co. | 0.48% | 25,983 | $2.1M | Reduce -0.9% |
| WMT Walmart Inc. | 0.48% | 18,390 | $2.1M | Reduce -1.0% |
| PG The Procter & Gamble Co. | 0.47% | 14,131 | $2.1M | Add +1.3% |
| AVGO Broadcom Inc. | 0.47% | 5,398 | $2.0M | Add +22.3% |
| TLT iShares 20+ Year Treasury BD | 0.42% | 21,439 | $1.9M | Add +2.4% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.42% | 12,209 | $1.8M | Add +0.7% |
| ABBV Abbvie Inc. | 0.40% | 6,880 | $1.7M | Add +0.1% |
| ABT Abbott Laboratories | 0.39% | 18,713 | $1.7M | Reduce -3.0% |
| RTX RTX Corp. | 0.38% | 8,814 | $1.7M | Add +1.3% |
| ALL Allstate Corp. | 0.38% | 6,964 | $1.7M | Reduce -1.1% |
| COST Costco Wholesale Corp. | 0.38% | 1,761 | $1.6M | Add +2.4% |
| RWO State Street SPDR Dow Jones | 0.35% | 30,925 | $1.5M | Add +8.8% |
| EWT iShares MSCI Taiwan ETF | 0.35% | 14,050 | $1.5M | Add +19.6% |
| ORCL Oracle Corp. | 0.35% | 10,385 | $1.5M | Add +1.9% |
| CRM Salesforce Inc. | 0.35% | 9,706 | $1.5M | Add +5.3% |
| SUB iShares Short-Term National | 0.34% | 13,955 | $1.5M | Add +10.7% |
| MA Mastercard Inc. Class A | 0.34% | 2,880 | $1.5M | Add +7.3% |
| ICE Intercontinental Exchange Inc. | 0.33% | 11,760 | $1.4M | Reduce -0.9% |
| RAVI NT Ultrashrt Fi ETF | 0.33% | 18,973 | $1.4M | Reduce -5.5% |
| WFC Wells Fargo & Co. | 0.33% | 17,160 | $1.4M | Reduce -0.1% |
| PFE Pfizer Inc. | 0.32% | 58,299 | $1.4M | Add +2.6% |
| CSCO Cisco Systems Inc. | 0.32% | 11,868 | $1.4M | Reduce -1.0% |
| FLTW Franklin Ftse Taiwan ETF | 0.32% | 13,050 | $1.4M | No change |
| PANW Palo Alto Networks Inc. | 0.31% | 4,003 | $1.4M | Add +1.7% |
| XLP SS Consumer Staples Sel Sect | 0.31% | 16,167 | $1.3M | Add +0.4% |
| IGIB iShares 5-10Y Inv Grade Corp. | 0.30% | 24,231 | $1.3M | Add +1.4% |
| MCHP Microchip Technology Inc. | 0.29% | 14,029 | $1.3M | Reduce -0.8% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.29% | 13,285 | $1.3M | Add +2.0% |
| IGF iShares Global Infrastructur | 0.27% | 17,945 | $1.2M | Add +18.6% |
| JNJ Johnson & Johnson | 0.27% | 4,618 | $1.2M | Add +4.0% |
| TSLA Tesla Inc. | 0.27% | 2,782 | $1.2M | Add +23.9% |
| SPTI SS SPDR P Int Term TSY ETF | 0.27% | 41,010 | $1.2M | Add +0.3% |
| ADI Analog Devices Inc. | 0.26% | 2,895 | $1.1M | Reduce -0.4% |
| EWY iShares MSCI South Korea ETF | 0.26% | 5,630 | $1.1M | Add +38.5% |
| FLKR Franklin Ftse South Korea | 0.26% | 17,175 | $1.1M | Add +1.2% |
| GOOG Alphabet Inc. Class C | 0.25% | 3,145 | $1.1M | Add +7.0% |
| VTI VG Morningstar TS MKT ETF-US | 0.25% | 2,988 | $1.1M | Add +0.1% |
| MCHI iShares MSCI China ETF | 0.25% | 21,090 | $1.1M | Add +0.4% |
| TPR Tapestry Inc. | 0.25% | 7,345 | $1.1M | Reduce -2.8% |
| BX Blackstone Inc. | 0.24% | 8,996 | $1.1M | Reduce -1.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.24% | 2,106 | $1.1M | Add +1.4% |
| ICSH iShares Ultra Short Duration | 0.24% | 20,600 | $1.0M | Add +0.5% |
| FLCH Franklin Ftse China ETF | 0.24% | 50,475 | $1.0M | Add +18.0% |
| XLB SS Materials Select Sector | 0.23% | 20,059 | $1.0M | Reduce -3.9% |
| SPLB SS SPDR P Long Term C ETF | 0.23% | 44,850 | $1.0M | Reduce -0.3% |
| HD Home Depot Inc. | 0.23% | 2,825 | $996K | Reduce -0.7% |
| INTC Intel Corp. | 0.22% | 7,000 | $977K | Reduce -1.4% |
| CVS CVS Health Corp. | 0.22% | 9,407 | $973K | Add +7.1% |
| INDA iShares MSCI India ETF | 0.21% | 18,450 | $911K | Reduce -21.0% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.21% | 19,928 | $904K | Reduce -7.5% |
Portfolio Sells Q1 2026 → Q2 2026
| HYGV NT HY Val-SCRD BD ETF | Reduce -22.6% | 1.67% | −0.72 |
| MBSD NT Disc Dur MBS ETF | Reduce -9.6% | 1.22% | −0.29 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Reduce -4.4% | 1.53% | −0.24 |
| XLE SS Energy Select Sector | Reduce -0.1% | 0.52% | −0.15 |
| ICE Intercontinental Exchange Inc. | Reduce -0.9% | 0.33% | −0.14 |
| LOW Lowe's Cos Inc. | Reduce -0.0% | 0.60% | −0.12 |
| ABT Abbott Laboratories | Reduce -3.0% | 0.39% | −0.12 |
| WMT Walmart Inc. | Reduce -1.0% | 0.48% | −0.11 |
| SKOR NT Crdscr US Corp. BD ETF | Reduce -0.8% | 0.85% | −0.10 |
| HON Honeywell International Inc. | Sold out | 0.00% | −0.09 |
| PYPL PayPal Holdings Inc. | Sold out | 0.00% | −0.08 |
| INDA iShares MSCI India ETF | Reduce -21.0% | 0.21% | −0.07 |
| RAVI NT Ultrashrt Fi ETF | Reduce -5.5% | 0.33% | −0.06 |
| T AT&T Inc. | Reduce -2.0% | 0.09% | −0.05 |
| PLTR Palantir Technologies Inc. Class A | Sold out | 0.00% | −0.05 |
| PEP Pepsico Inc. | Reduce -0.6% | 0.16% | −0.05 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -7.5% | 0.21% | −0.05 |
| SPDW Ste STR SPDR PT DW Eu ETF | Reduce -0.5% | 3.16% | −0.04 |
| SCHF Schwab Intl Equity ETF | Reduce -1.1% | 7.19% | −0.04 |
| EFA iShares MSCI Eafe ETF | Reduce -0.7% | 0.76% | −0.04 |
| XLB SS Materials Select Sector | Reduce -3.9% | 0.23% | −0.03 |
| NEE Nextera Energy Inc. | Reduce -3.5% | 0.14% | −0.03 |
| BX Blackstone Inc. | Reduce -1.7% | 0.24% | −0.03 |
| MRSH Marsh & McLennan Cos | Reduce -6.9% | 0.11% | −0.03 |
| TPR Tapestry Inc. | Reduce -2.8% | 0.25% | −0.03 |
| SPLB SS SPDR P Long Term C ETF | Reduce -0.3% | 0.23% | −0.02 |
| KO The Coca-Cola Co. | Reduce -0.9% | 0.48% | −0.02 |
| WFC Wells Fargo & Co. | Reduce -0.1% | 0.33% | −0.02 |
| HAL Halliburton Co. | Reduce -2.4% | 0.06% | −0.02 |
| VDE Vanguard Energy ETF | Reduce -1.8% | 0.06% | −0.02 |
| ZBH Zimmer Biomet Holdings Inc. | Reduce -3.7% | 0.07% | −0.02 |
| J Jacobs Solutions Inc. | Reduce -1.4% | 0.10% | −0.01 |
| HD Home Depot Inc. | Reduce -0.7% | 0.23% | −0.01 |
| VOX Vanguard Communication Servi | Reduce -3.0% | 0.08% | −0.01 |
| CMG Chipotle Mexican Grill Inc. | Reduce -10.5% | 0.05% | −0.01 |
| MCO Moody's Corp. | Reduce -2.2% | 0.07% | −0.01 |
| FCX Freeport-McMoran Inc. | Reduce -0.2% | 0.14% | −0.01 |
| JCI Johnson Controls Internation | Reduce -2.6% | 0.14% | −0.00 |
| JPM JPMorgan Chase & Co. | Reduce -0.2% | 1.27% | −0.00 |
| NSC Norfolk Southern Corp. | Reduce -0.7% | 0.14% | −0.00 |
| D Dominion Energy Inc. | Reduce -2.0% | 0.06% | −0.00 |
| VWO Vanguard Ftse Emerging Marke | Reduce -0.3% | 0.15% | −0.00 |
| UNP Union Pacific Corp. | Reduce -2.3% | 0.07% | −0.00 |
| FTV Fortive Corp. | Reduce -0.2% | 0.06% | −0.00 |
| AXP American Express Co. | Reduce -0.4% | 0.55% | +0.00 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -0.1% | 0.53% | +0.00 |
| USB US Bancorp | Reduce -0.8% | 0.08% | +0.00 |
| ALL Allstate Corp. | Reduce -1.1% | 0.38% | +0.01 |
| XLI SS Industrial Select Sector | Reduce -1.3% | 0.59% | +0.01 |
| EEM iShares MSCI Emerging Market | Reduce -0.4% | 0.18% | +0.01 |
Portfolio Buys Q1 2026 → Q2 2026
| GOOGL Alphabet Inc. Class A | Add +1.1% | 2.23% | +0.25 |
| STIP iShares 0-5 Year Tips Bond E | Add +48.8% | 0.78% | +0.19 |
| NVDA Nvidia Corp. | Add +3.4% | 2.55% | +0.16 |
| PANW Palo Alto Networks Inc. | Add +1.7% | 0.31% | +0.15 |
| EWT iShares MSCI Taiwan ETF | Add +19.6% | 0.35% | +0.14 |
| EWY iShares MSCI South Korea ETF | Add +38.5% | 0.26% | +0.13 |
| AAPL Apple Inc. | Add +2.8% | 2.58% | +0.13 |
| MU Micron Technology Inc. | New | 0.12% | +0.12 |
| AVGO Broadcom Inc. | Add +22.3% | 0.47% | +0.12 |
| GNR State Street SPDR S&P Global | Add +36.9% | 1.04% | +0.10 |
| FLKR Franklin Ftse South Korea | Add +1.2% | 0.26% | +0.09 |
| LLY Eli Lilly & Co. | Add +1.0% | 0.52% | +0.08 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +1.7% | 0.16% | +0.07 |
| AMZN Amazon.com Inc. | Add +4.0% | 1.05% | +0.07 |
| EWN iShares MSCI Netherlands ETF | New | 0.07% | +0.07 |
| SCHM Schwab US Mid Cap ETF | Add +1.6% | 0.82% | +0.07 |
| CVS CVS Health Corp. | Add +7.1% | 0.22% | +0.06 |
| FLIN Franklin Ftse India ETF | New | 0.06% | +0.06 |
| AMAT Applied Materials Inc. | New | 0.06% | +0.06 |
| EWA iShares MSCI Australia ETF | New | 0.06% | +0.06 |
| TSLA Tesla Inc. | Add +23.9% | 0.27% | +0.06 |
| IJH iShares Core S&P Midcap ETF | Add +0.1% | 2.08% | +0.05 |
| YUM Yum! Brands Inc. | New | 0.05% | +0.05 |
| LRCX Lam Research Corp. | New | 0.05% | +0.05 |
| TFC Truist Financial Corp. | New | 0.05% | +0.05 |
| BAC Bank of America Corp. | New | 0.05% | +0.05 |
| TXN Texas Instruments Inc. | New | 0.05% | +0.05 |
| C Citigroup Inc. | Add +21.5% | 0.19% | +0.05 |
| FLCA Franklin Ftse Canada ETF | New | 0.05% | +0.05 |
| GLW Corning Inc. | Add +2.1% | 0.11% | +0.05 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Add +3.3% | 2.19% | +0.05 |
| EWJ iShares MSCI Japan ETF | Add +32.4% | 0.18% | +0.04 |
| GOOG Alphabet Inc. Class C | Add +7.0% | 0.25% | +0.04 |
| GS Goldman Sachs Group Inc. | Add +11.2% | 0.19% | +0.03 |
| ASML ASML Holding NV-NY Reg SHS | Add +4.9% | 0.10% | +0.03 |
| BMO Bank of Montreal | Add +0.6% | 0.18% | +0.03 |
| EWC iShares MSCI Canada ETF | Add +28.6% | 0.12% | +0.02 |
| RWO State Street SPDR Dow Jones | Add +8.8% | 0.35% | +0.02 |
| MDT Medtronic PLC | Add +49.5% | 0.11% | +0.02 |
| EWU iShares MSCI United Kingdom | Add +20.0% | 0.18% | +0.02 |
| ABBV Abbvie Inc. | Add +0.1% | 0.40% | +0.02 |
| IGF iShares Global Infrastructur | Add +18.6% | 0.27% | +0.02 |
| BIIB Biogen Inc. | Add +16.9% | 0.07% | +0.01 |
| EWL iShares MSCI Switzerland ETF | Add +17.9% | 0.11% | +0.01 |
| GEV GE Vernova Inc. | Add +1.2% | 0.07% | +0.01 |
| ETN Eaton Corp. PLC | Add +2.6% | 0.13% | +0.01 |
| EMR Emerson Electric Co. | Add +13.5% | 0.10% | +0.01 |
| VTI VG Morningstar TS MKT ETF-US | Add +0.1% | 0.25% | +0.01 |
| EWQ iShares MSCI France ETF | Add +14.8% | 0.12% | +0.01 |
| EWG iShares MSCI Germany ETF | Add +15.1% | 0.10% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 192 | $436.4M | SCHF, TDTT, SPDW, MBB, IEI |
| Q1 2026 | 184 | $392.1M | SCHF, TDTT, MBB, SPDW, IEI |
| Q4 2025 | 182 | $384.6M | SCHF, TDTT, MBB, SPDW, HYGV |
| Q3 2025 | 178 | $375.7M | SCHF, TDTT, MBB, SPDW, HYGV |
| Q2 2025 | 172 | $351.8M | SCHF, TDTT, MBB, IEI, HYGV |
| Q1 2025 | 170 | $328.9M | SCHF, TDTT, HYGV, MBB, IEI |
| Q4 2024 | 170 | $328.2M | SCHF, TDTT, HYGV, MBB, IEI |
| Q3 2024 | 174 | $337.4M | SCHF, HYGV, TDTT, MBB, IEI |
| Q2 2024 | 166 | $320.1M | SCHF, MBB, HYGV, TDTT, IEI |
| Q1 2024 | 169 | $322.8M | SCHF, HYGV, MBB, IEI, SPDW |