Towercrest Capital Management

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 6, 2024), Towercrest Capital Management reported 107 stock positions worth $607.6 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 10.2% of the portfolio, followed by Schwab US Large-Cap ETF (SCHX, 8.0%) and iShares Floating Rate Bond E (FLOT, 5.5%). Compared with Q1 2024, it opened 4 new positions, sold out of 4, added to 38 and reduced 35. The biggest buy was iShares Core S&P 500 ETF (IVV, shares +4%) and the biggest sale Schwab US Small-Cap ETF (SCHA, shares −9%).

Most Recent 13F
Q2 2026
Location
NEWTOWN, PA
CIK
0001633288
Portfolio Value
$607.6M (Q2 2024)
SEC Filing
0001633288-24-000003 ↗ filed Aug 6, 2024

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $592.8M Q1 2024 Q2 2024: $607.6M $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 · $607.6M
IVV iShares Core S&P 500 ETF 10.22% 113,416 $62.1M Add +3.7%
SCHX Schwab US Large-Cap ETF 7.98% 754,143 $48.5M Reduce -2.8%
FLOT iShares Floating Rate Bond E 5.51% 654,748 $33.5M Add +5.1%
AGG iShares Core U.S. Aggregate 5.34% 334,329 $32.5M Add +9.4%
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 4.56% 359,487 $27.7M Add +4.6%
FLRN SS SPDR BB Ig Float RT ETF 4.12% 811,240 $25.0M Add +0.0%
SCHZ Schwab US Aggregate Bond ETF 4.07% 542,867 $24.7M Add +1.9%
IEFA iShares Core MSCI Eafe ETF 3.73% 311,624 $22.6M Add +5.4%
EMB iShares JP Morgan Usd Emergi 3.10% 212,614 $18.8M Add +2.6%
IEMG iShares Core MSCI Emerging 3.00% 340,288 $18.2M Add +9.7%
SCHF Schwab Intl Equity ETF 2.60% 411,435 $15.8M Reduce -1.1%
IJH iShares Core S&P Midcap ETF 2.58% 267,638 $15.7M Add +0.5%
SPY SS SPDR S&P 500 ETF Trust-US 2.39% 26,685 $14.5M Reduce -1.6%
IJR iShares Core S&P Small-Cap E 2.35% 134,073 $14.3M Reduce -2.3%
SCHE Schwab Emrg Mrkts Eqty ETF 2.25% 515,252 $13.7M Add +2.0%
AAPL Apple Inc. 2.20% 63,391 $13.4M Reduce -3.2%
MUB iShares National Muni Bond E 2.16% 123,328 $13.1M Add +2.1%
SPYM Ste STR SPDR PT S&P 500 ETF 1.90% 180,052 $11.5M Reduce -3.1%
ITOT iShares Core S&P Total U.S. 1.84% 94,028 $11.2M Add +1.2%
LQD Ishr Ibx Usd Invgd CB ETF-Ui 1.73% 98,365 $10.5M Add +6.5%
SCHM Schwab US Mid Cap ETF 1.69% 131,991 $10.3M Reduce -3.4%
SCHB Schwab US Broad Market ETF 1.66% 160,642 $10.1M Reduce -3.7%
SPAB SS SPDR P Agg Bond ETF 1.58% 382,848 $9.6M Add +1.1%
SCHA Schwab US Small-Cap ETF 1.51% 193,615 $9.2M Reduce -9.4%
CORP PIMCO Inv Grade Corp. BD ETF 1.44% 92,120 $8.8M Add +4.3%
SHYG iShares 0-5 YR HY Corp. Bond 1.14% 164,718 $7.0M Reduce -1.4%
SPDW Ste STR SPDR PT DW Eu ETF 1.14% 197,318 $6.9M Reduce -1.1%
SPEM State Street SP PTF Em ETF 1.07% 172,892 $6.5M Add +0.8%
TFI SS SPDR N Ice Muni Bond ETF 0.94% 125,032 $5.7M Add +3.6%
DGRO iShares Core Dividend Growth 0.89% 93,586 $5.4M Add +0.8%
MSFT Microsoft Corp. 0.87% 11,818 $5.3M Reduce -0.1%
SCHD Schwab US DVD Equity ETF 0.87% 67,872 $5.3M Reduce -2.3%
PCY Invesco Emerging Markets Sov 0.84% 255,438 $5.1M Add +3.8%
SPIB SS SPDR P Int C Corp. ETF 0.82% 152,675 $5.0M Add +0.5%
IFLN Invesco Bloomberg Enhanced F 0.70% 235,393 $4.2M Add +2.3%
IWF iShares Russell 1000 Growth 0.57% 9,546 $3.5M Add +2.9%
META Meta Platforms Inc. Class A 0.49% 5,902 $3.0M Reduce -0.1%
SCHG Schwab US Large-Cap Growth 0.42% 25,352 $2.6M No change
SPMD SS SPDR P S&P 400 Midcap ETF 0.40% 47,225 $2.4M Reduce -1.8%
SPSM SS SPDR P S&P 600 Small Cap 0.35% 51,880 $2.2M Reduce -6.6%
JPM JPMorgan Chase & Co. 0.34% 10,304 $2.1M No change
UPS United Parcel Service Class B 0.33% 14,579 $2.0M No change
NVDA Nvidia Corp. 0.31% 15,130 $1.9M Add +0.5%
SPTM SS SPDR P S&P 1500 Comp ETF 0.29% 26,185 $1.7M Reduce -4.3%
SPYD SS SPDR P S&P 500 Hi Div ETF 0.28% 42,678 $1.7M Reduce -7.6%
SHY iShares 1-3 Year Treasury Bo 0.27% 20,184 $1.6M Add +7.7%
IBB iShares Biotechnology ETF 0.21% 9,163 $1.3M Reduce -37.3%
RSP Invesco S&P 500 Equal Weight 0.19% 7,049 $1.2M No change
MRK Merck & Co. Inc. 0.19% 9,181 $1.1M Reduce -2.0%
AMZN Amazon.com Inc. 0.19% 5,832 $1.1M Reduce -1.0%
SCHO Schwab Short-Term US Treas 0.18% 22,202 $1.1M Add +4.0%
JNJ Johnson & Johnson 0.16% 6,730 $984K Reduce -0.1%
XLE SS Energy Select Sector 0.16% 10,546 $961K Reduce -0.1%
QQQ Invesco QQQ Trust Series 1 0.16% 1,967 $942K Add +0.1%
VUG Vanguard Mrngstar GR ETF-Sui 0.13% 2,191 $819K No change
VCR Vanguard Consumer Discre ETF 0.13% 2,613 $816K No change
VTI VG Morningstar TS MKT ETF-US 0.12% 2,800 $749K Reduce -1.2%
GOOG Alphabet Inc. Class C 0.12% 4,021 $738K No change
LLY Eli Lilly & Co. 0.12% 804 $728K No change
GLD SPDR Gold Shares 0.11% 3,150 $677K Reduce -0.6%
GOOGL Alphabet Inc. Class A 0.11% 3,554 $647K Reduce -0.6%
V Visa Inc. Class A 0.10% 2,355 $618K Reduce -2.9%
SCHV Schwab US Large-Cap Value 0.10% 8,079 $598K Reduce -0.5%
REZI Resideo Technologies Inc. 0.10% 30,404 $595K No change
T AT&T Inc. 0.10% 30,725 $587K Add +0.2%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.10% 14,717 $585K No change
COKE Coca-Cola Consolidated Inc. 0.09% 8,534 $543K Reduce -0.4%
VOO Vanguard S&P 500 ETF 0.09% 1,081 $541K Add +0.6%
IWD iShares Russell 1000 Value E 0.09% 3,093 $540K Reduce -1.0%
VTV Vanguard Mrngstr Val ETF-Aui 0.08% 3,208 $515K Reduce -0.6%
VIG Vanguard Dividend Apprec ETF 0.08% 2,806 $512K No change
ITA iShares U.S. Aerospace & Def 0.08% 3,860 $510K No change
VGT Vanguard Info Tech ETF 0.08% 840 $484K No change
FBND Fidelity Total Bond ETF 0.08% 10,616 $477K No change
XOM Exxon Mobil Corp. 0.08% 4,122 $475K Add +30.1%
HD Home Depot Inc. 0.07% 1,305 $449K Reduce -1.1%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.07% 2,586 $447K No change
PG The Procter & Gamble Co. 0.07% 2,626 $433K Reduce -1.9%
PFE Pfizer Inc. 0.07% 15,107 $423K Add +0.7%
CVX Chevron Corp. 0.07% 2,635 $412K No change
XLK SS Technology Select Sector 0.07% 1,749 $396K No change
CPNG Coupang Inc. 0.06% 17,970 $376K No change
CSCO Cisco Systems Inc. 0.06% 7,627 $362K No change
NEE Nextera Energy Inc. 0.06% 5,031 $356K Add +24.4%
PEP Pepsico Inc. 0.06% 2,150 $355K Add +0.1%
ORCL Oracle Corp. 0.06% 2,498 $353K No change
QQQM Invesco Nasdaq 100 ETF 0.06% 1,780 $351K New
DFUS Dimensional US Eq MKT ETF 0.06% 5,721 $337K No change
IWP iShares Russell Mid-Cap Grow 0.05% 2,926 $323K Add +50.3%
MTNB Matinas Biopharma Holdings I 0.05% 1,886,715 $299K New
COST Costco Wholesale Corp. 0.05% 351 $298K No change
VT Vanguard Tot World STK ETF 0.05% 2,545 $287K Reduce -1.7%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.05% 2,856 $284K Add +0.4%
CL Colgate-Palmolive Co. 0.05% 2,885 $280K Add +0.0%
LVS Las Vegas Sands Corp. 0.05% 6,307 $279K No change
CMCSA Comcast Corp. Class A 0.04% 6,960 $273K Add +43.9%
WMT Walmart Inc. 0.04% 4,010 $272K No change
AMCA iShares Russell 1000 US Rev 0.04% 905 $269K No change
PEG Public Service Enterprise GP 0.04% 3,652 $269K No change
BA The Boeing Co. 0.04% 1,357 $247K No change

Show all 107 holdings

Portfolio Sells Q1 2024 → Q2 2024
SCHA Schwab US Small-Cap ETF Reduce -9.4% 1.51% −0.26
IJR iShares Core S&P Small-Cap E Reduce -2.3% 2.35% −0.20
SCHM Schwab US Mid Cap ETF Reduce -3.4% 1.69% −0.19
SCHX Schwab US Large-Cap ETF Reduce -2.8% 7.98% −0.15
SCHF Schwab Intl Equity ETF Reduce -1.1% 2.60% −0.14
IBB iShares Biotechnology ETF Reduce -37.3% 0.21% −0.13
XBI SS SPDR S&P Biotech ETF Sold out 0.00% −0.08
SCHD Schwab US DVD Equity ETF Reduce -2.3% 0.87% −0.08
SPDW Ste STR SPDR PT DW Eu ETF Reduce -1.1% 1.14% −0.07
SHYG iShares 0-5 YR HY Corp. Bond Reduce -1.4% 1.14% −0.06
SCHB Schwab US Broad Market ETF Reduce -3.7% 1.66% −0.06
SPSM SS SPDR P S&P 600 Small Cap Reduce -6.6% 0.35% −0.05
JNK SS SPDR BB High Yield Bond Sold out 0.00% −0.04
BMY Bristol-Myers Squibb Co. Sold out 0.00% −0.04
XLF SS Financial Select Sector Sold out 0.00% −0.04
SPYD SS SPDR P S&P 500 Hi Div ETF Reduce -7.6% 0.28% −0.03
SPMD SS SPDR P S&P 400 Midcap ETF Reduce -1.8% 0.40% −0.03
SPYM Ste STR SPDR PT S&P 500 ETF Reduce -3.1% 1.90% −0.03
MRK Merck & Co. Inc. Reduce -2.0% 0.19% −0.02
JNJ Johnson & Johnson Reduce -0.1% 0.16% −0.02
V Visa Inc. Class A Reduce -2.9% 0.10% −0.01
HD Home Depot Inc. Reduce -1.1% 0.07% −0.01
SPTM SS SPDR P S&P 1500 Comp ETF Reduce -4.3% 0.29% −0.01
XLE SS Energy Select Sector Reduce -0.1% 0.16% −0.01
SCHV Schwab US Large-Cap Value Reduce -0.5% 0.10% −0.01
IWD iShares Russell 1000 Value E Reduce -1.0% 0.09% −0.01
VTV Vanguard Mrngstr Val ETF-Aui Reduce -0.6% 0.08% −0.00
VEU Vanguard Ftse All-World Ex-U Reduce -5.1% 0.04% −0.00
PG The Procter & Gamble Co. Reduce -1.9% 0.07% −0.00
SPY SS SPDR S&P 500 ETF Trust-US Reduce -1.6% 2.39% −0.00
VT Vanguard Tot World STK ETF Reduce -1.7% 0.05% −0.00
VTI VG Morningstar TS MKT ETF-US Reduce -1.2% 0.12% −0.00
COKE Coca-Cola Consolidated Inc. Reduce -0.4% 0.09% +0.00
GLD SPDR Gold Shares Reduce -0.6% 0.11% +0.00
META Meta Platforms Inc. Class A Reduce -0.1% 0.49% +0.01
AMZN Amazon.com Inc. Reduce -1.0% 0.19% +0.01
GOOGL Alphabet Inc. Class A Reduce -0.6% 0.11% +0.02
MSFT Microsoft Corp. Reduce -0.1% 0.87% +0.03
AAPL Apple Inc. Reduce -3.2% 2.20% +0.30

Portfolio Buys Q1 2024 → Q2 2024
IVV iShares Core S&P 500 ETF Add +3.7% 10.22% +0.52
IEMG iShares Core MSCI Emerging Add +9.7% 3.00% +0.30
AGG iShares Core U.S. Aggregate Add +9.4% 5.34% +0.29
FLOT iShares Floating Rate Bond E Add +5.1% 5.51% +0.14
SCHE Schwab Emrg Mrkts Eqty ETF Add +2.0% 2.25% +0.10
NVDA Nvidia Corp. Add +0.5% 0.31% +0.08
HYG Ishr Ibx Usd Hiyld CB ETF-Ui Add +4.6% 4.56% +0.06
QQQM Invesco Nasdaq 100 ETF New 0.06% +0.06
MTNB Matinas Biopharma Holdings I New 0.05% +0.05
IWF iShares Russell 1000 Growth Add +2.9% 0.57% +0.05
LQD Ishr Ibx Usd Invgd CB ETF-Ui Add +6.5% 1.73% +0.04
VYM Vanguard High DVD Yield ETF New 0.04% +0.04
MGK Vngrd Mrgstr MG CP GR ETF-Ui New 0.04% +0.04
ITOT iShares Core S&P Total U.S. Add +1.2% 1.84% +0.03
SPEM State Street SP PTF Em ETF Add +0.8% 1.07% +0.02
IEFA iShares Core MSCI Eafe ETF Add +5.4% 3.73% +0.02
XOM Exxon Mobil Corp. Add +30.1% 0.08% +0.02
IWP iShares Russell Mid-Cap Grow Add +50.3% 0.05% +0.02
NEE Nextera Energy Inc. Add +24.4% 0.06% +0.01
SHY iShares 1-3 Year Treasury Bo Add +7.7% 0.27% +0.01
CORP PIMCO Inv Grade Corp. BD ETF Add +4.3% 1.44% +0.01
CMCSA Comcast Corp. Class A Add +43.9% 0.04% +0.01
QQQ Invesco QQQ Trust Series 1 Add +0.1% 0.16% +0.01
T AT&T Inc. Add +0.2% 0.10% +0.01
CL Colgate-Palmolive Co. Add +0.0% 0.05% +0.00
SCHO Schwab Short-Term US Treas Add +4.0% 0.18% +0.00
VOO Vanguard S&P 500 ETF Add +0.6% 0.09% +0.00
SPSB SS SPDR P St C Corp. ETF Add +4.7% 0.04% +0.00
PFE Pfizer Inc. Add +0.7% 0.07% −0.00
TFI SS SPDR N Ice Muni Bond ETF Add +3.6% 0.94% −0.00
PEP Pepsico Inc. Add +0.1% 0.06% −0.01
IFLN Invesco Bloomberg Enhanced F Add +2.3% 0.70% −0.01
PCY Invesco Emerging Markets Sov Add +3.8% 0.84% −0.01
DIS The Walt Disney Co. Add +0.4% 0.05% −0.01
SPIB SS SPDR P Int C Corp. ETF Add +0.5% 0.82% −0.02
DGRO iShares Core Dividend Growth Add +0.8% 0.89% −0.02
MUB iShares National Muni Bond E Add +2.1% 2.16% −0.03
SPAB SS SPDR P Agg Bond ETF Add +1.1% 1.58% −0.03
EMB iShares JP Morgan Usd Emergi Add +2.6% 3.10% −0.04
SCHZ Schwab US Aggregate Bond ETF Add +1.9% 4.07% −0.06
FLRN SS SPDR BB Ig Float RT ETF Add +0.0% 4.12% −0.10
IJH iShares Core S&P Midcap ETF Add +0.5% 2.58% −0.15

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