Towercrest Capital Management

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 10, 2024), Towercrest Capital Management reported 107 stock positions worth $592.8 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 9.7% of the portfolio, followed by Schwab US Large-Cap ETF (SCHX, 8.1%) and iShares Floating Rate Bond E (FLOT, 5.4%). Compared with Q4 2023, it opened 3 new positions, sold out of 1, added to 39 and reduced 37. The biggest buy was iShares Core S&P 500 ETF (IVV, shares +3%) and the biggest sale iShares 1-3 Year Treasury Bo (SHY, shares −40%).

Most Recent 13F
Q2 2026
Location
NEWTOWN, PA
CIK
0001633288
Portfolio Value
$592.8M (Q1 2024)
SEC Filing
0001633288-24-000002 ↗ filed May 10, 2024

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $592.8M $592.8M Q1 2024 Q2 2024: $607.6M Q2 2024 Q3 2024: $620.5M Q3 2024 Q4 2024: $618.7M Q4 2024 Q1 2025: $526.3M Q1 2025 Q2 2025: $560.2M Q2 2025 Q3 2025: $623.4M Q3 2025 Q4 2025: $634.3M Q4 2025 Q1 2026: $641.8M Q1 2026 Q2 2026: $717.4M Q2 2026

Holdings 107 stocks · $592.8M
IVV iShares Core S&P 500 ETF 9.70% 109,342 $57.5M Add +2.5%
SCHX Schwab US Large-Cap ETF 8.12% 775,746 $48.1M Reduce -0.1%
FLOT iShares Floating Rate Bond E 5.37% 623,098 $31.8M Add +6.0%
AGG iShares Core U.S. Aggregate 5.05% 305,677 $29.9M Add +5.7%
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 4.50% 343,566 $26.7M Add +4.3%
FLRN SS SPDR BB Ig Float RT ETF 4.22% 810,916 $25.0M Add +3.3%
SCHZ Schwab US Aggregate Bond ETF 4.14% 533,012 $24.5M Add +1.7%
IEFA iShares Core MSCI Eafe ETF 3.70% 295,711 $21.9M Add +2.0%
EMB iShares JP Morgan Usd Emergi 3.14% 207,302 $18.6M Add +1.1%
SCHF Schwab Intl Equity ETF 2.74% 416,186 $16.2M Reduce -0.5%
IJH iShares Core S&P Midcap ETF 2.73% 266,268 $16.2M Add +0.3%
IEMG iShares Core MSCI Emerging 2.70% 310,320 $16.0M Add +4.9%
IJR iShares Core S&P Small-Cap E 2.56% 137,161 $15.2M Reduce -2.2%
SPY SS SPDR S&P 500 ETF Trust-US 2.39% 27,111 $14.2M Add +1.1%
MUB iShares National Muni Bond E 2.19% 120,791 $13.0M Add +2.5%
SCHE Schwab Emrg Mrkts Eqty ETF 2.15% 505,200 $12.8M Add +4.6%
SPYM Ste STR SPDR PT S&P 500 ETF 1.93% 185,800 $11.4M Reduce -1.9%
AAPL Apple Inc. 1.89% 65,471 $11.2M Add +1.2%
SCHM Schwab US Mid Cap ETF 1.88% 136,643 $11.1M Reduce -2.5%
ITOT iShares Core S&P Total U.S. 1.81% 92,941 $10.7M Reduce -0.3%
SCHA Schwab US Small-Cap ETF 1.78% 213,716 $10.5M Reduce -4.9%
SCHB Schwab US Broad Market ETF 1.72% 166,769 $10.2M Reduce -2.1%
LQD Ishr Ibx Usd Invgd CB ETF-Ui 1.70% 92,322 $10.1M Add +1.6%
SPAB SS SPDR P Agg Bond ETF 1.61% 378,576 $9.6M Add +1.5%
CORP PIMCO Inv Grade Corp. BD ETF 1.43% 88,367 $8.5M Add +0.6%
SPDW Ste STR SPDR PT DW Eu ETF 1.21% 199,589 $7.2M Reduce -2.2%
SHYG iShares 0-5 YR HY Corp. Bond 1.20% 167,150 $7.1M Add +3.4%
SPEM State Street SP PTF Em ETF 1.05% 171,526 $6.2M Add +0.7%
TFI SS SPDR N Ice Muni Bond ETF 0.95% 120,689 $5.6M Reduce -0.7%
SCHD Schwab US DVD Equity ETF 0.95% 69,489 $5.6M Add +21.5%
DGRO iShares Core Dividend Growth 0.91% 92,842 $5.4M Add +24.0%
PCY Invesco Emerging Markets Sov 0.85% 246,080 $5.0M Reduce -4.2%
MSFT Microsoft Corp. 0.84% 11,828 $5.0M Add +10.3%
SPIB SS SPDR P Int C Corp. ETF 0.84% 151,893 $5.0M Add +2.1%
IFLN Invesco Bloomberg Enhanced F 0.70% 230,144 $4.2M Add +2.3%
IWF iShares Russell 1000 Growth 0.53% 9,278 $3.1M Reduce -2.0%
META Meta Platforms Inc. Class A 0.48% 5,910 $2.9M No change
SPMD SS SPDR P S&P 400 Midcap ETF 0.43% 48,066 $2.6M Reduce -3.8%
SPSM SS SPDR P S&P 600 Small Cap 0.40% 55,563 $2.4M Reduce -6.3%
SCHG Schwab US Large-Cap Growth 0.40% 25,352 $2.4M No change
UPS United Parcel Service Class B 0.37% 14,579 $2.2M Reduce -0.1%
JPM JPMorgan Chase & Co. 0.35% 10,304 $2.1M No change
IBB iShares Biotechnology ETF 0.34% 14,613 $2.0M Reduce -0.0%
SPYD SS SPDR P S&P 500 Hi Div ETF 0.32% 46,167 $1.9M Add +15.1%
SPTM SS SPDR P S&P 1500 Comp ETF 0.30% 27,359 $1.8M Reduce -3.8%
SHY iShares 1-3 Year Treasury Bo 0.26% 18,744 $1.5M Reduce -40.4%
NVDA Nvidia Corp. 0.23% 1,505 $1.4M Add +41.2%
MRK Merck & Co. Inc. 0.21% 9,370 $1.2M Add +5.6%
RSP Invesco S&P 500 Equal Weight 0.20% 7,049 $1.2M No change
JNJ Johnson & Johnson 0.18% 6,738 $1.1M Add +6.6%
AMZN Amazon.com Inc. 0.18% 5,891 $1.1M Add +31.5%
SCHO Schwab Short-Term US Treas 0.17% 21,359 $1.0M Reduce -45.0%
XLE SS Energy Select Sector 0.17% 10,553 $996K Reduce -1.0%
QQQ Invesco QQQ Trust Series 1 0.15% 1,965 $872K No change
VCR Vanguard Consumer Discre ETF 0.14% 2,613 $830K No change
VUG Vanguard Mrngstar GR ETF-Sui 0.13% 2,191 $754K No change
VTI VG Morningstar TS MKT ETF-US 0.12% 2,833 $736K Reduce -0.6%
REZI Resideo Technologies Inc. 0.12% 30,404 $682K No change
V Visa Inc. Class A 0.11% 2,426 $677K Add +2.1%
GLD SPDR Gold Shares 0.11% 3,170 $652K Add +0.8%
LLY Eli Lilly & Co. 0.11% 804 $625K New
SCHV Schwab US Large-Cap Value 0.10% 8,122 $617K No change
GOOG Alphabet Inc. Class C 0.10% 4,021 $612K Add +88.7%
IWD iShares Russell 1000 Value E 0.09% 3,123 $559K Reduce -8.7%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.09% 14,717 $558K No change
GOOGL Alphabet Inc. Class A 0.09% 3,576 $540K Reduce -1.4%
T AT&T Inc. 0.09% 30,662 $540K Add +2.1%
VTV Vanguard Mrngstr Val ETF-Aui 0.09% 3,228 $526K No change
COKE Coca-Cola Consolidated Inc. 0.09% 8,569 $524K No change
VOO Vanguard S&P 500 ETF 0.09% 1,075 $517K Add +11.3%
VIG Vanguard Dividend Apprec ETF 0.09% 2,806 $512K No change
ITA iShares U.S. Aerospace & Def 0.09% 3,860 $509K No change
HD Home Depot Inc. 0.09% 1,319 $506K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.08% 2,586 $494K Add +35.1%
FBND Fidelity Total Bond ETF 0.08% 10,616 $481K No change
XBI SS SPDR S&P Biotech ETF 0.08% 5,050 $479K No change
VGT Vanguard Info Tech ETF 0.07% 840 $440K No change
PG The Procter & Gamble Co. 0.07% 2,678 $435K No change
PFE Pfizer Inc. 0.07% 15,007 $416K Add +12.7%
CVX Chevron Corp. 0.07% 2,635 $416K Reduce -4.6%
CSCO Cisco Systems Inc. 0.06% 7,627 $381K Reduce -0.9%
PEP Pepsico Inc. 0.06% 2,148 $376K Reduce -3.5%
XOM Exxon Mobil Corp. 0.06% 3,168 $368K Reduce -9.7%
XLK SS Technology Select Sector 0.06% 1,749 $364K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.06% 2,844 $348K Reduce -0.1%
LVS Las Vegas Sands Corp. 0.06% 6,307 $326K No change
DFUS Dimensional US Eq MKT ETF 0.06% 5,721 $326K Reduce -42.0%
CPNG Coupang Inc. 0.05% 17,970 $320K No change
ORCL Oracle Corp. 0.05% 2,498 $314K No change
VT Vanguard Tot World STK ETF 0.05% 2,590 $286K No change
BA The Boeing Co. 0.04% 1,357 $262K Add +5.2%
AMCA iShares Russell 1000 US Rev 0.04% 905 $261K No change
CL Colgate-Palmolive Co. 0.04% 2,884 $260K Reduce -16.1%
NEE Nextera Energy Inc. 0.04% 4,046 $259K Add +15.5%
COST Costco Wholesale Corp. 0.04% 351 $257K New
JNK SS SPDR BB High Yield Bond 0.04% 2,601 $248K Reduce -0.1%
BMY Bristol-Myers Squibb Co. 0.04% 4,505 $244K Reduce -15.2%
PEG Public Service Enterprise GP 0.04% 3,652 $244K No change
WMT Walmart Inc. 0.04% 4,010 $241K Reduce -0.6%
SPSB SS SPDR P St C Corp. ETF 0.04% 7,951 $230K Reduce -46.9%

Show all 107 holdings

Portfolio Sells Q4 2023 → Q1 2024
SHY iShares 1-3 Year Treasury Bo Reduce -40.4% 0.26% −0.20
SCHO Schwab Short-Term US Treas Reduce -45.0% 0.17% −0.16
IJR iShares Core S&P Small-Cap E Reduce -2.2% 2.56% −0.16
SCHA Schwab US Small-Cap ETF Reduce -4.9% 1.78% −0.12
PCY Invesco Emerging Markets Sov Reduce -4.2% 0.85% −0.10
TFI SS SPDR N Ice Muni Bond ETF Reduce -0.7% 0.95% −0.08
UPS United Parcel Service Class B Reduce -0.1% 0.37% −0.04
SPSM SS SPDR P S&P 600 Small Cap Reduce -6.3% 0.40% −0.04
SPSB SS SPDR P St C Corp. ETF Reduce -46.9% 0.04% −0.04
DFUS Dimensional US Eq MKT ETF Reduce -42.0% 0.06% −0.04
VYM Vanguard High DVD Yield ETF Sold out 0.00% −0.04
SPDW Ste STR SPDR PT DW Eu ETF Reduce -2.2% 1.21% −0.03
SCHF Schwab Intl Equity ETF Reduce -0.5% 2.74% −0.03
IBB iShares Biotechnology ETF Reduce -0.0% 0.34% −0.02
SCHM Schwab US Mid Cap ETF Reduce -2.5% 1.88% −0.01
BMY Bristol-Myers Squibb Co. Reduce -15.2% 0.04% −0.01
IWD iShares Russell 1000 Value E Reduce -8.7% 0.09% −0.01
CSCO Cisco Systems Inc. Reduce -0.9% 0.06% −0.01
CL Colgate-Palmolive Co. Reduce -16.1% 0.04% −0.01
PEP Pepsico Inc. Reduce -3.5% 0.06% −0.00
CVX Chevron Corp. Reduce -4.6% 0.07% −0.00
SPMD SS SPDR P S&P 400 Midcap ETF Reduce -3.8% 0.43% −0.00
JNK SS SPDR BB High Yield Bond Reduce -0.1% 0.04% −0.00
IWP iShares Russell Mid-Cap Grow Reduce -8.6% 0.04% −0.00
SPTM SS SPDR P S&P 1500 Comp ETF Reduce -3.8% 0.30% −0.00
VEU Vanguard Ftse All-World Ex-U Reduce -1.3% 0.04% −0.00
XOM Exxon Mobil Corp. Reduce -9.7% 0.06% −0.00
XLF SS Financial Select Sector Reduce -4.6% 0.04% +0.00
GOOGL Alphabet Inc. Class A Reduce -1.4% 0.09% +0.00
WMT Walmart Inc. Reduce -0.6% 0.04% +0.00
VTI VG Morningstar TS MKT ETF-US Reduce -0.6% 0.12% +0.00
XLE SS Energy Select Sector Reduce -1.0% 0.17% +0.01
DIS The Walt Disney Co. Reduce -0.1% 0.06% +0.01
IWF iShares Russell 1000 Growth Reduce -2.0% 0.53% +0.01
SCHB Schwab US Broad Market ETF Reduce -2.1% 1.72% +0.02
SPYM Ste STR SPDR PT S&P 500 ETF Reduce -1.9% 1.93% +0.04
ITOT iShares Core S&P Total U.S. Reduce -0.3% 1.81% +0.05
SCHX Schwab US Large-Cap ETF Reduce -0.1% 8.12% +0.28

Portfolio Buys Q4 2023 → Q1 2024
IVV iShares Core S&P 500 ETF Add +2.5% 9.70% +0.58
DGRO iShares Core Dividend Growth Add +24.0% 0.91% +0.19
SCHD Schwab US DVD Equity ETF Add +21.5% 0.95% +0.17
NVDA Nvidia Corp. Add +41.2% 0.23% +0.14
MSFT Microsoft Corp. Add +10.3% 0.84% +0.12
SPY SS SPDR S&P 500 ETF Trust-US Add +1.1% 2.39% +0.11
LLY Eli Lilly & Co. New 0.11% +0.11
IJH iShares Core S&P Midcap ETF Add +0.3% 2.73% +0.10
AMZN Amazon.com Inc. Add +31.5% 0.18% +0.06
IEFA iShares Core MSCI Eafe ETF Add +2.0% 3.70% +0.05
GOOG Alphabet Inc. Class C Add +88.7% 0.10% +0.05
FLOT iShares Floating Rate Bond E Add +6.0% 5.37% +0.05
COST Costco Wholesale Corp. New 0.04% +0.04
BRK.B Berkshire Hathaway Inc. Class B New 0.04% +0.04
SPYD SS SPDR P S&P 500 Hi Div ETF Add +15.1% 0.32% +0.04
MRK Merck & Co. Inc. Add +5.6% 0.21% +0.04
IBM Intl Business Machines Corp. Add +35.1% 0.08% +0.03
IEMG iShares Core MSCI Emerging Add +4.9% 2.70% +0.02
VOO Vanguard S&P 500 ETF Add +11.3% 0.09% +0.01
SCHE Schwab Emrg Mrkts Eqty ETF Add +4.6% 2.15% +0.01
NEE Nextera Energy Inc. Add +15.5% 0.04% +0.01
V Visa Inc. Class A Add +2.1% 0.11% +0.00
JNJ Johnson & Johnson Add +6.6% 0.18% +0.00
GLD SPDR Gold Shares Add +0.8% 0.11% +0.00
PFE Pfizer Inc. Add +12.7% 0.07% +0.00
T AT&T Inc. Add +2.1% 0.09% +0.00
CMCSA Comcast Corp. Class A Add +0.2% 0.04% −0.00
BA The Boeing Co. Add +5.2% 0.04% −0.02
SHYG iShares 0-5 YR HY Corp. Bond Add +3.4% 1.20% −0.02
IFLN Invesco Bloomberg Enhanced F Add +2.3% 0.70% −0.03
SPEM State Street SP PTF Em ETF Add +0.7% 1.05% −0.03
SPIB SS SPDR P Int C Corp. ETF Add +2.1% 0.84% −0.04
HYG Ishr Ibx Usd Hiyld CB ETF-Ui Add +4.3% 4.50% −0.06
FLRN SS SPDR BB Ig Float RT ETF Add +3.3% 4.22% −0.08
AGG iShares Core U.S. Aggregate Add +5.7% 5.05% −0.08
MUB iShares National Muni Bond E Add +2.5% 2.19% −0.09
SPAB SS SPDR P Agg Bond ETF Add +1.5% 1.61% −0.10
CORP PIMCO Inv Grade Corp. BD ETF Add +0.6% 1.43% −0.10
LQD Ishr Ibx Usd Invgd CB ETF-Ui Add +1.6% 1.70% −0.10
EMB iShares JP Morgan Usd Emergi Add +1.1% 3.14% −0.13
SCHZ Schwab US Aggregate Bond ETF Add +1.7% 4.14% −0.23
AAPL Apple Inc. Add +1.2% 1.89% −0.33

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 110$717.4MIVV, SCHX, AGG, HYG, LQD
Q1 2026 103$641.8MIVV, SCHX, AGG, HYG, LQD
Q4 2025 98$634.3MIVV, SCHX, AGG, HYG, FLOT
Q3 2025 99$623.4MIVV, SCHX, AGG, HYG, FLOT
Q2 2025 89$560.2MSCHX, IVV, AGG, HYG, FLOT
Q1 2025 88$526.3MSCHX, IVV, AGG, FLOT, HYG
Q4 2024 103$618.7MIVV, SCHX, AGG, FLOT, HYG
Q3 2024 101$620.5MIVV, SCHX, AGG, FLOT, HYG
Q2 2024 107$607.6MIVV, SCHX, FLOT, AGG, HYG
Q1 2024 107$592.8MIVV, SCHX, FLOT, AGG, HYG