Boltwood Capital Management
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 8, 2026), Boltwood Capital Management reported 184 stock positions worth $392.1 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, 5.6%) and iShares MBS ETF (MBB, 3.3%). Compared with Q4 2025, it opened 5 new positions, sold out of 3, added to 120 and reduced 47. The biggest buy was NT Iboxx 3Y Dur Tips ETF (TDTT, shares +15%) and the biggest sale NT HY Val-SCRD BD ETF (HYGV, shares −21%).
- Most Recent 13F
- Q2 2026
- Location
- WALNUT CREEK, CA
- CIK
- 0001563690
- Portfolio Value
- $392.1M (Q1 2026)
- SEC Filing
- 0001563690-26-000002 ↗ filed Apr 8, 2026
Holdings Value
Holdings 184 stocks · $392.1M
| SCHF Schwab Intl Equity ETF | 7.23% | 1,145,614 | $28.4M | Add +0.1% |
| TDTT NT Iboxx 3Y Dur Tips ETF | 5.60% | 905,288 | $21.9M | Add +14.8% |
| MBB iShares MBS ETF | 3.26% | 134,437 | $12.8M | Add +2.9% |
| SPDW Ste STR SPDR PT DW Eu ETF | 3.20% | 274,680 | $12.5M | Reduce -0.2% |
| IEI iShares 3-7 Year Treasury Bo | 2.97% | 98,073 | $11.6M | Reduce -0.2% |
| AAPL Apple Inc. | 2.45% | 37,782 | $9.6M | Add +3.9% |
| NVDA Nvidia Corp. | 2.40% | 53,862 | $9.4M | Add +4.5% |
| HYGV NT HY Val-SCRD BD ETF | 2.39% | 233,538 | $9.4M | Reduce -20.5% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 2.15% | 255,695 | $8.4M | Add +5.8% |
| IJH iShares Core S&P Midcap ETF | 2.03% | 117,820 | $8.0M | Add +0.7% |
| GOOGL Alphabet Inc. Class A | 1.97% | 26,866 | $7.7M | Add +2.1% |
| XLK SS Technology Select Sector | 1.90% | 56,181 | $7.5M | Add +3.9% |
| MSFT Microsoft Corp. | 1.82% | 19,292 | $7.1M | Add +5.5% |
| GUNR NT Mstar GLBL NR ETF | 1.82% | 129,236 | $7.1M | Add +11.7% |
| IJR iShares Core S&P Small-Cap E | 1.81% | 56,962 | $7.1M | Add +0.6% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 1.78% | 87,505 | $7.0M | Reduce -2.8% |
| SHY iShares 1-3 Year Treasury Bo | 1.75% | 83,325 | $6.9M | Add +5.5% |
| MBSD NT Disc Dur MBS ETF | 1.51% | 285,683 | $5.9M | Reduce -8.4% |
| CAT Caterpillar Inc. | 1.37% | 7,571 | $5.4M | Reduce -3.5% |
| NFRA NT GLBL BRD Infra ETF | 1.36% | 83,619 | $5.3M | Add +1.6% |
| SPEM State Street SP PTF Em ETF | 1.34% | 112,235 | $5.3M | Add +1.3% |
| GQRE NT GLBL Qual Re ETF | 1.27% | 83,627 | $5.0M | Add +2.6% |
| JPM JPMorgan Chase & Co. | 1.27% | 16,982 | $5.0M | Add +0.8% |
| CVX Chevron Corp. | 1.20% | 22,765 | $4.7M | Reduce -0.1% |
| SPMB SS SPDR P Mort Back Bond ETF | 1.15% | 202,063 | $4.5M | Add +9.7% |
| XOM Exxon Mobil Corp. | 1.10% | 25,427 | $4.3M | Add +0.4% |
| IGSB iShares 1-5Y Inv Grade Corp. | 1.08% | 80,715 | $4.2M | Reduce -2.0% |
| AMZN Amazon.com Inc. | 0.98% | 18,405 | $3.8M | Add +5.6% |
| SKOR NT Crdscr US Corp. BD ETF | 0.95% | 76,597 | $3.7M | Reduce -3.4% |
| GNR State Street SPDR S&P Global | 0.93% | 49,075 | $3.7M | Add +15.3% |
| SCHA Schwab US Small-Cap ETF | 0.87% | 117,932 | $3.4M | Add +2.9% |
| EFA iShares MSCI Eafe ETF | 0.79% | 32,052 | $3.1M | Reduce -0.1% |
| KLAC KLA Corp. | 0.76% | 2,030 | $3.0M | Add +3.1% |
| SCHM Schwab US Mid Cap ETF | 0.75% | 95,254 | $2.9M | Add +4.7% |
| IEF iShares 7-10 Year Treasury B | 0.73% | 30,050 | $2.9M | Add +4.0% |
| XLV SS Health Care Select Sector | 0.73% | 19,422 | $2.8M | Add +3.4% |
| LOW Lowe's Cos Inc. | 0.72% | 11,942 | $2.8M | Reduce -1.0% |
| META Meta Platforms Inc. Class A | 0.71% | 4,869 | $2.8M | Add +4.3% |
| XLY SS Consumer Disc Select Sect | 0.71% | 25,560 | $2.8M | Add +1.7% |
| XLE SS Energy Select Sector | 0.67% | 43,017 | $2.6M | Reduce -0.2% |
| SCHB Schwab US Broad Market ETF | 0.66% | 102,795 | $2.6M | Reduce -0.5% |
| WMT Walmart Inc. | 0.59% | 18,580 | $2.3M | Reduce -1.6% |
| STIP iShares 0-5 Year Tips Bond E | 0.59% | 22,265 | $2.3M | Add +85.2% |
| XLC SS Comm Select Sector SPDR | 0.58% | 20,546 | $2.3M | Add +6.3% |
| XLI SS Industrial Select Sector | 0.58% | 13,982 | $2.3M | Add +1.0% |
| XLF SS Financial Select Sector | 0.57% | 45,253 | $2.2M | Add +2.6% |
| AXP American Express Co. | 0.55% | 7,100 | $2.1M | Reduce -0.5% |
| VEU Vanguard Ftse All-World Ex-U | 0.53% | 27,644 | $2.1M | Reduce -2.0% |
| PG The Procter & Gamble Co. | 0.51% | 13,952 | $2.0M | Add +2.8% |
| KO The Coca-Cola Co. | 0.51% | 26,213 | $2.0M | Reduce -0.6% |
| ABT Abbott Laboratories | 0.51% | 19,283 | $2.0M | Reduce -3.0% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.49% | 12,128 | $1.9M | Reduce -0.1% |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | 0.49% | 72,420 | $1.9M | Add +0.2% |
| ICE Intercontinental Exchange Inc. | 0.48% | 11,868 | $1.9M | Reduce -2.7% |
| TLT iShares 20+ Year Treasury BD | 0.46% | 20,935 | $1.8M | Add +9.8% |
| AMD Advanced Micro Devices | 0.45% | 8,707 | $1.8M | Add +5.8% |
| CRM Salesforce Inc. | 0.44% | 9,216 | $1.7M | Add +0.7% |
| COST Costco Wholesale Corp. | 0.44% | 1,719 | $1.7M | Add +6.7% |
| LLY Eli Lilly & Co. | 0.44% | 1,860 | $1.7M | Reduce -1.3% |
| RTX RTX Corp. | 0.43% | 8,704 | $1.7M | Add +1.9% |
| PFE Pfizer Inc. | 0.41% | 56,819 | $1.6M | Reduce -2.4% |
| RAVI NT Ultrashrt Fi ETF | 0.39% | 20,073 | $1.5M | No change |
| ORCL Oracle Corp. | 0.38% | 10,195 | $1.5M | Add +2.7% |
| ABBV Abbvie Inc. | 0.38% | 6,875 | $1.5M | Reduce -0.1% |
| ALL Allstate Corp. | 0.37% | 7,044 | $1.5M | Reduce -0.1% |
| WFC Wells Fargo & Co. | 0.35% | 17,185 | $1.4M | Add +0.1% |
| AVGO Broadcom Inc. | 0.35% | 4,415 | $1.4M | Add +27.7% |
| SUB iShares Short-Term National | 0.34% | 12,605 | $1.3M | Add +6.3% |
| MA Mastercard Inc. Class A | 0.34% | 2,685 | $1.3M | Add +9.3% |
| XLP SS Consumer Staples Sel Sect | 0.34% | 16,102 | $1.3M | Add +2.0% |
| RWO State Street SPDR Dow Jones | 0.33% | 28,420 | $1.3M | Add +8.3% |
| IGIB iShares 5-10Y Inv Grade Corp. | 0.32% | 23,908 | $1.3M | Reduce -2.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.32% | 13,030 | $1.3M | Add +0.3% |
| MCHI iShares MSCI China ETF | 0.30% | 21,015 | $1.2M | Add +20.3% |
| SPTI SS SPDR P Int Term TSY ETF | 0.30% | 40,900 | $1.2M | No change |
| INDA iShares MSCI India ETF | 0.28% | 23,350 | $1.1M | Add +21.5% |
| JNJ Johnson & Johnson | 0.28% | 4,439 | $1.1M | Add +4.1% |
| TPR Tapestry Inc. | 0.27% | 7,554 | $1.1M | Reduce -1.4% |
| BX Blackstone Inc. | 0.27% | 9,151 | $1.1M | Add +2.4% |
| XLB SS Materials Select Sector | 0.27% | 20,865 | $1.0M | Reduce -1.3% |
| ICSH iShares Ultra Short Duration | 0.26% | 20,505 | $1.0M | Add +0.2% |
| IGF iShares Global Infrastructur | 0.26% | 15,130 | $1.0M | Add +13.5% |
| SPLB SS SPDR P Long Term C ETF | 0.26% | 45,000 | $1000K | Reduce -0.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.25% | 2,076 | $995K | Add +2.5% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.25% | 21,547 | $989K | Add +1.8% |
| FLCH Franklin Ftse China ETF | 0.24% | 42,775 | $958K | Add +0.1% |
| VTI VG Morningstar TS MKT ETF-US | 0.24% | 2,984 | $957K | Reduce -1.8% |
| HD Home Depot Inc. | 0.24% | 2,845 | $936K | Add +0.2% |
| CSCO Cisco Systems Inc. | 0.24% | 11,985 | $930K | Add +2.7% |
| CME Cme Group Inc. | 0.24% | 3,145 | $929K | Add +0.8% |
| ADI Analog Devices Inc. | 0.24% | 2,906 | $925K | Add +0.7% |
| MCHP Microchip Technology Inc. | 0.23% | 14,139 | $914K | Reduce -2.4% |
| FLTW Franklin Ftse Taiwan ETF | 0.23% | 13,050 | $889K | Add +2.8% |
| GOOG Alphabet Inc. Class C | 0.22% | 2,940 | $843K | Add +6.9% |
| TSLA Tesla Inc. | 0.21% | 2,245 | $835K | Add +5.9% |
| EWT iShares MSCI Taiwan ETF | 0.21% | 11,750 | $833K | Add +18.7% |
| DHR Danaher Corp. | 0.21% | 4,370 | $829K | Reduce -0.1% |
| PEP Pepsico Inc. | 0.21% | 5,281 | $820K | Add +1.9% |
| BA The Boeing Co. | 0.20% | 3,994 | $795K | Add +4.1% |
| SCHW Schwab (charles) Corp. | 0.19% | 8,037 | $755K | Add +3.3% |
Portfolio Sells Q4 2025 → Q1 2026
| HYGV NT HY Val-SCRD BD ETF | Reduce -20.5% | 2.39% | −0.73 |
| MBSD NT Disc Dur MBS ETF | Reduce -8.4% | 1.51% | −0.18 |
| ABT Abbott Laboratories | Reduce -3.0% | 0.51% | −0.14 |
| AXP American Express Co. | Reduce -0.5% | 0.55% | −0.14 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Reduce -2.8% | 1.78% | −0.11 |
| LLY Eli Lilly & Co. | Reduce -1.3% | 0.44% | −0.09 |
| MRSH Marsh & McLennan Cos | Reduce -33.6% | 0.13% | −0.08 |
| IEI iShares 3-7 Year Treasury Bo | Reduce -0.2% | 2.97% | −0.08 |
| NOW ServiceNow Inc. | Sold out | 0.00% | −0.08 |
| SKOR NT Crdscr US Corp. BD ETF | Reduce -3.4% | 0.95% | −0.06 |
| ADBE Adobe Inc. | Reduce -2.8% | 0.11% | −0.06 |
| TFC Truist Financial Corp. | Sold out | 0.00% | −0.05 |
| AGG iShares Core U.S. Aggregate | Sold out | 0.00% | −0.05 |
| IGSB iShares 1-5Y Inv Grade Corp. | Reduce -2.0% | 1.08% | −0.05 |
| DHR Danaher Corp. | Reduce -0.1% | 0.21% | −0.05 |
| SCHB Schwab US Broad Market ETF | Reduce -0.5% | 0.66% | −0.05 |
| NSC Norfolk Southern Corp. | Reduce -19.1% | 0.14% | −0.04 |
| ICE Intercontinental Exchange Inc. | Reduce -2.7% | 0.48% | −0.04 |
| LOW Lowe's Cos Inc. | Reduce -1.0% | 0.72% | −0.04 |
| PANW Palo Alto Networks Inc. | Reduce -0.1% | 0.16% | −0.03 |
| ABBV Abbvie Inc. | Reduce -0.1% | 0.38% | −0.03 |
| CVS CVS Health Corp. | Reduce -0.1% | 0.16% | −0.02 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -1.8% | 0.24% | −0.02 |
| IGIB iShares 5-10Y Inv Grade Corp. | Reduce -2.6% | 0.32% | −0.02 |
| MCO Moody's Corp. | Reduce -2.9% | 0.08% | −0.02 |
| CMG Chipotle Mexican Grill Inc. | Reduce -7.7% | 0.06% | −0.02 |
| SPLB SS SPDR P Long Term C ETF | Reduce -0.4% | 0.26% | −0.01 |
| GE General Electric | Reduce -1.6% | 0.08% | −0.01 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -2.0% | 0.53% | −0.01 |
| ALL Allstate Corp. | Reduce -0.1% | 0.37% | −0.01 |
| EFA iShares MSCI Eafe ETF | Reduce -0.1% | 0.79% | −0.01 |
| MCHP Microchip Technology Inc. | Reduce -2.4% | 0.23% | −0.01 |
| USB US Bancorp | Reduce -1.3% | 0.08% | −0.00 |
| XLRE SS Real Estate Select Sector | Reduce -0.4% | 0.16% | −0.00 |
| FTV Fortive Corp. | Reduce -0.5% | 0.06% | −0.00 |
| JCI Johnson Controls Internation | Reduce -2.2% | 0.14% | +0.01 |
| MDLZ Mondelez International Inc. Class A | Reduce -0.4% | 0.19% | +0.01 |
| TJX TJX Companies Inc. | Reduce -0.1% | 0.49% | +0.01 |
| XLB SS Materials Select Sector | Reduce -1.3% | 0.27% | +0.02 |
| T AT&T Inc. | Reduce -1.0% | 0.15% | +0.02 |
| TPR Tapestry Inc. | Reduce -1.4% | 0.27% | +0.02 |
| VDE Vanguard Energy ETF | Reduce -2.6% | 0.07% | +0.02 |
| SPDW Ste STR SPDR PT DW Eu ETF | Reduce -0.2% | 3.20% | +0.02 |
| HAL Halliburton Co. | Reduce -1.1% | 0.08% | +0.02 |
| KO The Coca-Cola Co. | Reduce -0.6% | 0.51% | +0.03 |
| PFE Pfizer Inc. | Reduce -2.4% | 0.41% | +0.03 |
| WMT Walmart Inc. | Reduce -1.6% | 0.59% | +0.04 |
| XLE SS Energy Select Sector | Reduce -0.2% | 0.67% | +0.17 |
| CAT Caterpillar Inc. | Reduce -3.5% | 1.37% | +0.20 |
| CVX Chevron Corp. | Reduce -0.1% | 1.20% | +0.30 |
Portfolio Buys Q4 2025 → Q1 2026
| TDTT NT Iboxx 3Y Dur Tips ETF | Add +14.8% | 5.60% | +0.66 |
| GUNR NT Mstar GLBL NR ETF | Add +11.7% | 1.82% | +0.44 |
| XOM Exxon Mobil Corp. | Add +0.4% | 1.10% | +0.31 |
| STIP iShares 0-5 Year Tips Bond E | Add +85.2% | 0.59% | +0.27 |
| GNR State Street SPDR S&P Global | Add +15.3% | 0.93% | +0.25 |
| KLAC KLA Corp. | Add +3.1% | 0.76% | +0.14 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Add +5.8% | 2.15% | +0.09 |
| SPMB SS SPDR P Mort Back Bond ETF | Add +9.7% | 1.15% | +0.08 |
| COST Costco Wholesale Corp. | Add +6.7% | 0.44% | +0.08 |
| SCHF Schwab Intl Equity ETF | Add +0.1% | 7.23% | +0.08 |
| NFRA NT GLBL BRD Infra ETF | Add +1.6% | 1.36% | +0.07 |
| GLW Corning Inc. | New | 0.07% | +0.07 |
| SHEL Shell PLC-ADR | New | 0.06% | +0.06 |
| SNDK Sandisk Corp. | New | 0.06% | +0.06 |
| GS Goldman Sachs Group Inc. | Add +62.6% | 0.16% | +0.06 |
| GEV GE Vernova Inc. | New | 0.05% | +0.05 |
| EWZ iShares MSCI Brazil ETF | New | 0.05% | +0.05 |
| SHY iShares 1-3 Year Treasury Bo | Add +5.5% | 1.75% | +0.05 |
| EWT iShares MSCI Taiwan ETF | Add +18.7% | 0.21% | +0.05 |
| JNJ Johnson & Johnson | Add +4.1% | 0.28% | +0.05 |
| IGF iShares Global Infrastructur | Add +13.5% | 0.26% | +0.05 |
| SCHM Schwab US Mid Cap ETF | Add +4.7% | 0.75% | +0.04 |
| AVGO Broadcom Inc. | Add +27.7% | 0.35% | +0.04 |
| IJR iShares Core S&P Small-Cap E | Add +0.6% | 1.81% | +0.04 |
| ADI Analog Devices Inc. | Add +0.7% | 0.24% | +0.03 |
| MDT Medtronic PLC | Add +73.2% | 0.09% | +0.03 |
| TLT iShares 20+ Year Treasury BD | Add +9.8% | 0.46% | +0.03 |
| MCHI iShares MSCI China ETF | Add +20.3% | 0.30% | +0.03 |
| GQRE NT GLBL Qual Re ETF | Add +2.6% | 1.27% | +0.03 |
| EWY iShares MSCI South Korea ETF | Add +1.6% | 0.13% | +0.03 |
| SCHA Schwab US Small-Cap ETF | Add +2.9% | 0.87% | +0.03 |
| FLTW Franklin Ftse Taiwan ETF | Add +2.8% | 0.23% | +0.03 |
| RWO State Street SPDR Dow Jones | Add +8.3% | 0.33% | +0.02 |
| MRK Merck & Co. Inc. | Add +2.6% | 0.18% | +0.02 |
| IJH iShares Core S&P Midcap ETF | Add +0.7% | 2.03% | +0.02 |
| EWJ iShares MSCI Japan ETF | Add +15.1% | 0.14% | +0.02 |
| GSK GSK PLC-Spon ADR | Add +3.0% | 0.17% | +0.02 |
| C Citigroup Inc. | Add +23.3% | 0.14% | +0.02 |
| RTX RTX Corp. | Add +1.9% | 0.43% | +0.02 |
| NEE Nextera Energy Inc. | Add +0.4% | 0.17% | +0.02 |
| EMR Emerson Electric Co. | Add +35.0% | 0.09% | +0.02 |
| MBB iShares MBS ETF | Add +2.9% | 3.26% | +0.02 |
| BMY Bristol-Myers Squibb Co. | Add +14.6% | 0.09% | +0.02 |
| ETN Eaton Corp. PLC | Add +9.1% | 0.11% | +0.02 |
| XLI SS Industrial Select Sector | Add +1.0% | 0.58% | +0.02 |
| FCX Freeport-McMoran Inc. | Add +0.1% | 0.15% | +0.02 |
| XLP SS Consumer Staples Sel Sect | Add +2.0% | 0.34% | +0.02 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +1.8% | 0.25% | +0.02 |
| VZ Verizon Communications Inc. | Add +2.3% | 0.09% | +0.02 |
| NFLX Netflix Inc. | Add +15.5% | 0.12% | +0.02 |
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 |