Towercrest Capital Management

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 12, 2024), Towercrest Capital Management reported 101 stock positions worth $620.5 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, 8.3%) and iShares Core U.S. Aggregate (AGG, 5.6%). Compared with Q2 2024, it opened 3 new positions, sold out of 9, added to 29 and reduced 39. The biggest buy was Ishr Ibx Usd Invgd CB ETF-Ui (LQD, shares +13%) and the biggest sale SS SPDR S&P 500 ETF Trust-US (SPY, shares −24%).

Most Recent 13F
Q2 2026
Location
NEWTOWN, PA
CIK
0001633288
Portfolio Value
$620.5M (Q3 2024)
SEC Filing
0001633288-24-000004 ↗ filed Nov 12, 2024

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $592.8M Q1 2024 Q2 2024: $607.6M Q2 2024 Q3 2024: $620.5M $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 101 stocks · $620.5M
IVV iShares Core S&P 500 ETF 10.21% 109,867 $63.4M Reduce -3.1%
SCHX Schwab US Large-Cap ETF 8.26% 755,138 $51.2M Add +0.1%
AGG iShares Core U.S. Aggregate 5.61% 343,442 $34.8M Add +2.7%
FLOT iShares Floating Rate Bond E 5.21% 633,385 $32.3M Reduce -3.3%
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 4.74% 366,312 $29.4M Add +1.9%
SCHZ Schwab US Aggregate Bond ETF 4.22% 551,284 $26.2M Add +1.6%
IEFA iShares Core MSCI Eafe ETF 3.96% 314,837 $24.6M Add +1.0%
FLRN SS SPDR BB Ig Float RT ETF 3.69% 742,345 $22.9M Reduce -8.5%
EMB iShares JP Morgan Usd Emergi 3.19% 211,754 $19.8M Reduce -0.4%
IEMG iShares Core MSCI Emerging 3.02% 326,740 $18.8M Reduce -4.0%
SCHF Schwab Intl Equity ETF 2.81% 424,531 $17.5M Add +3.2%
IJR iShares Core S&P Small-Cap E 2.48% 131,548 $15.4M Reduce -1.9%
IJH iShares Core S&P Midcap ETF 2.41% 239,991 $15.0M Reduce -10.3%
SCHE Schwab Emrg Mrkts Eqty ETF 2.33% 494,504 $14.4M Reduce -4.0%
AAPL Apple Inc. 2.23% 59,382 $13.8M Reduce -6.3%
LQD Ishr Ibx Usd Invgd CB ETF-Ui 2.02% 110,750 $12.5M Add +12.6%
MUB iShares National Muni Bond E 2.00% 114,529 $12.4M Reduce -7.1%
SPYM Ste STR SPDR PT S&P 500 ETF 1.96% 179,789 $12.1M Reduce -0.1%
SPY SS SPDR S&P 500 ETF Trust-US 1.88% 20,313 $11.7M Reduce -23.9%
ITOT iShares Core S&P Total U.S. 1.76% 86,882 $10.9M Reduce -7.6%
SCHB Schwab US Broad Market ETF 1.71% 159,304 $10.6M Reduce -0.8%
SCHM Schwab US Mid Cap ETF 1.69% 126,297 $10.5M Reduce -4.3%
SCHA Schwab US Small-Cap ETF 1.68% 202,881 $10.4M Add +4.8%
CORP PIMCO Inv Grade Corp. BD ETF 1.64% 102,266 $10.2M Add +11.0%
SPAB SS SPDR P Agg Bond ETF 1.50% 355,171 $9.3M Reduce -7.2%
SHYG iShares 0-5 YR HY Corp. Bond 1.02% 146,409 $6.4M Reduce -11.1%
SPDW Ste STR SPDR PT DW Eu ETF 1.00% 165,318 $6.2M Reduce -16.2%
SCHD Schwab US DVD Equity ETF 0.97% 70,844 $6.0M Add +4.4%
DGRO iShares Core Dividend Growth 0.95% 94,222 $5.9M Add +0.7%
SPEM State Street SP PTF Em ETF 0.95% 142,207 $5.9M Reduce -17.8%
TFI SS SPDR N Ice Muni Bond ETF 0.90% 118,634 $5.6M Reduce -5.1%
PCY Invesco Emerging Markets Sov 0.90% 258,312 $5.6M Add +1.1%
SPIB SS SPDR P Int C Corp. ETF 0.82% 150,687 $5.1M Reduce -1.3%
MSFT Microsoft Corp. 0.76% 10,907 $4.7M Reduce -7.7%
IFLN Invesco Bloomberg Enhanced F 0.69% 231,943 $4.3M Reduce -1.5%
IWF iShares Russell 1000 Growth 0.58% 9,624 $3.6M Add +0.8%
META Meta Platforms Inc. Class A 0.52% 5,657 $3.2M Reduce -4.2%
SCHG Schwab US Large-Cap Growth 0.43% 25,558 $2.7M Add +0.8%
SPSM SS SPDR P S&P 600 Small Cap 0.40% 54,435 $2.5M Add +4.9%
SPMD SS SPDR P S&P 400 Midcap ETF 0.40% 45,114 $2.5M Reduce -4.5%
JPM JPMorgan Chase & Co. 0.32% 9,499 $2.0M Reduce -7.8%
UPS United Parcel Service Class B 0.32% 14,579 $2.0M No change
NVDA Nvidia Corp. 0.30% 15,540 $1.9M Add +2.7%
SPTM SS SPDR P S&P 1500 Comp ETF 0.29% 25,790 $1.8M Reduce -1.5%
SPYD SS SPDR P S&P 500 Hi Div ETF 0.26% 35,935 $1.6M Reduce -15.8%
SHY iShares 1-3 Year Treasury Bo 0.26% 19,479 $1.6M Reduce -3.5%
IBB iShares Biotechnology ETF 0.21% 9,163 $1.3M No change
RSP Invesco S&P 500 Equal Weight 0.20% 7,049 $1.3M No change
QQQ Invesco QQQ Trust Series 1 0.20% 2,562 $1.3M Add +30.3%
SCHO Schwab Short-Term US Treas 0.18% 22,568 $1.1M Add +1.6%
JNJ Johnson & Johnson 0.18% 6,721 $1.1M Reduce -0.1%
AMZN Amazon.com Inc. 0.17% 5,732 $1.1M Reduce -1.7%
MRK Merck & Co. Inc. 0.17% 9,181 $1.0M No change
VUG Vanguard Mrngstar GR ETF-Sui 0.14% 2,191 $841K No change
VTI VG Morningstar TS MKT ETF-US 0.13% 2,776 $786K Reduce -0.9%
GLD SPDR Gold Shares 0.12% 3,150 $766K No change
LLY Eli Lilly & Co. 0.11% 804 $712K No change
GOOG Alphabet Inc. Class C 0.11% 4,171 $697K Add +3.7%
SCHV Schwab US Large-Cap Value 0.10% 8,079 $649K No change
V Visa Inc. Class A 0.10% 2,355 $648K No change
T AT&T Inc. 0.10% 29,280 $644K Reduce -4.7%
COKE Coca-Cola Consolidated Inc. 0.10% 8,534 $613K No change
GOOGL Alphabet Inc. Class A 0.10% 3,554 $589K No change
IWD iShares Russell 1000 Value E 0.09% 3,093 $587K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.09% 14,717 $584K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.09% 2,587 $572K Add +0.0%
VOO Vanguard S&P 500 ETF 0.09% 1,084 $572K Add +0.3%
VTV Vanguard Mrngstr Val ETF-Aui 0.09% 3,208 $560K No change
VIG Vanguard Dividend Apprec ETF 0.09% 2,791 $553K Reduce -0.5%
HD Home Depot Inc. 0.09% 1,305 $529K No change
FBND Fidelity Total Bond ETF 0.08% 10,616 $496K No change
VYM Vanguard High DVD Yield ETF 0.08% 3,765 $483K Add +96.6%
XOM Exxon Mobil Corp. 0.08% 4,055 $475K Reduce -1.6%
PG The Procter & Gamble Co. 0.07% 2,626 $455K No change
CPNG Coupang Inc. 0.07% 18,170 $446K Add +1.1%
PFE Pfizer Inc. 0.07% 15,107 $437K No change
NEE Nextera Energy Inc. 0.07% 5,051 $427K Add +0.4%
ORCL Oracle Corp. 0.07% 2,498 $426K No change
IWP iShares Russell Mid-Cap Grow 0.07% 3,488 $409K Add +19.2%
XLK SS Technology Select Sector 0.07% 1,808 $408K Add +3.4%
CSCO Cisco Systems Inc. 0.07% 7,627 $406K No change
CVX Chevron Corp. 0.06% 2,635 $388K No change
PEP Pepsico Inc. 0.06% 2,151 $366K Add +0.1%
DFUS Dimensional US Eq MKT ETF 0.06% 5,721 $356K No change
PEG Public Service Enterprise GP 0.05% 3,652 $326K No change
WMT Walmart Inc. 0.05% 4,010 $324K No change
COST Costco Wholesale Corp. 0.05% 351 $311K No change
REZI Resideo Technologies Inc. 0.05% 15,203 $306K Reduce -50.0%
VT Vanguard Tot World STK ETF 0.05% 2,545 $305K No change
CL Colgate-Palmolive Co. 0.05% 2,886 $300K Add +0.0%
CMCSA Comcast Corp. Class A 0.05% 6,966 $291K Add +0.1%
AMCA iShares Russell 1000 US Rev 0.05% 905 $285K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.04% 2,830 $272K Reduce -0.9%
ED Consolidated Edison Inc. 0.04% 2,374 $247K No change
BRK.B Berkshire Hathaway Inc. Class B 0.04% 512 $236K No change
SPSB SS SPDR P St C Corp. ETF 0.04% 7,713 $227K Reduce -7.4%
VEU Vanguard Ftse All-World Ex-U 0.04% 3,576 $225K Reduce -3.4%
HSY The Hershey Co. 0.03% 1,100 $211K No change
VZ Verizon Communications Inc. 0.03% 4,615 $207K New
DSI iShares ESG MSCI KLD 400 ETF 0.03% 1,854 $202K New

Show all 101 holdings

Portfolio Sells Q2 2024 → Q3 2024
SPY SS SPDR S&P 500 ETF Trust-US Reduce -23.9% 1.88% −0.51
FLRN SS SPDR BB Ig Float RT ETF Reduce -8.5% 3.69% −0.43
FLOT iShares Floating Rate Bond E Reduce -3.3% 5.21% −0.30
IJH iShares Core S&P Midcap ETF Reduce -10.3% 2.41% −0.17
XLE SS Energy Select Sector Sold out 0.00% −0.16
MUB iShares National Muni Bond E Reduce -7.1% 2.00% −0.16
SPDW Ste STR SPDR PT DW Eu ETF Reduce -16.2% 1.00% −0.14
VCR Vanguard Consumer Discre ETF Sold out 0.00% −0.13
SPEM State Street SP PTF Em ETF Reduce -17.8% 0.95% −0.13
SHYG iShares 0-5 YR HY Corp. Bond Reduce -11.1% 1.02% −0.12
MSFT Microsoft Corp. Reduce -7.7% 0.76% −0.11
SPAB SS SPDR P Agg Bond ETF Reduce -7.2% 1.50% −0.08
ITA iShares U.S. Aerospace & Def Sold out 0.00% −0.08
VGT Vanguard Info Tech ETF Sold out 0.00% −0.08
ITOT iShares Core S&P Total U.S. Reduce -7.6% 1.76% −0.08
QQQM Invesco Nasdaq 100 ETF Sold out 0.00% −0.06
MTNB Matinas Biopharma Holdings I Sold out 0.00% −0.05
REZI Resideo Technologies Inc. Reduce -50.0% 0.05% −0.05
TFI SS SPDR N Ice Muni Bond ETF Reduce -5.1% 0.90% −0.05
LVS Las Vegas Sands Corp. Sold out 0.00% −0.05
BA The Boeing Co. Sold out 0.00% −0.04
MGK Vngrd Mrgstr MG CP GR ETF-Ui Sold out 0.00% −0.04
JPM JPMorgan Chase & Co. Reduce -7.8% 0.32% −0.02
SPYD SS SPDR P S&P 500 Hi Div ETF Reduce -15.8% 0.26% −0.02
AMZN Amazon.com Inc. Reduce -1.7% 0.17% −0.01
SHY iShares 1-3 Year Treasury Bo Reduce -3.5% 0.26% −0.01
IFLN Invesco Bloomberg Enhanced F Reduce -1.5% 0.69% −0.00
SPSB SS SPDR P St C Corp. ETF Reduce -7.4% 0.04% −0.00
DIS The Walt Disney Co. Reduce -0.9% 0.04% −0.00
IVV iShares Core S&P 500 ETF Reduce -3.1% 10.21% −0.00
XOM Exxon Mobil Corp. Reduce -1.6% 0.08% −0.00
SPMD SS SPDR P S&P 400 Midcap ETF Reduce -4.5% 0.40% −0.00
SCHM Schwab US Mid Cap ETF Reduce -4.3% 1.69% +0.00
SPIB SS SPDR P Int C Corp. ETF Reduce -1.3% 0.82% +0.00
VEU Vanguard Ftse All-World Ex-U Reduce -3.4% 0.04% +0.00
VTI VG Morningstar TS MKT ETF-US Reduce -0.9% 0.13% +0.00
VIG Vanguard Dividend Apprec ETF Reduce -0.5% 0.09% +0.00
SPTM SS SPDR P S&P 1500 Comp ETF Reduce -1.5% 0.29% +0.01
T AT&T Inc. Reduce -4.7% 0.10% +0.01
JNJ Johnson & Johnson Reduce -0.1% 0.18% +0.01
IEMG iShares Core MSCI Emerging Reduce -4.0% 3.02% +0.02
META Meta Platforms Inc. Class A Reduce -4.2% 0.52% +0.03
AAPL Apple Inc. Reduce -6.3% 2.23% +0.03
SCHB Schwab US Broad Market ETF Reduce -0.8% 1.71% +0.05
SPYM Ste STR SPDR PT S&P 500 ETF Reduce -0.1% 1.96% +0.06
SCHE Schwab Emrg Mrkts Eqty ETF Reduce -4.0% 2.33% +0.07
EMB iShares JP Morgan Usd Emergi Reduce -0.4% 3.19% +0.10
IJR iShares Core S&P Small-Cap E Reduce -1.9% 2.48% +0.13

Portfolio Buys Q2 2024 → Q3 2024
LQD Ishr Ibx Usd Invgd CB ETF-Ui Add +12.6% 2.02% +0.28
SCHX Schwab US Large-Cap ETF Add +0.1% 8.26% +0.28
AGG iShares Core U.S. Aggregate Add +2.7% 5.61% +0.26
IEFA iShares Core MSCI Eafe ETF Add +1.0% 3.96% +0.23
SCHF Schwab Intl Equity ETF Add +3.2% 2.81% +0.21
CORP PIMCO Inv Grade Corp. BD ETF Add +11.0% 1.64% +0.20
HYG Ishr Ibx Usd Hiyld CB ETF-Ui Add +1.9% 4.74% +0.18
SCHA Schwab US Small-Cap ETF Add +4.8% 1.68% +0.17
SCHZ Schwab US Aggregate Bond ETF Add +1.6% 4.22% +0.15
SCHD Schwab US DVD Equity ETF Add +4.4% 0.97% +0.10
DGRO iShares Core Dividend Growth Add +0.7% 0.95% +0.06
PCY Invesco Emerging Markets Sov Add +1.1% 0.90% +0.05
QQQ Invesco QQQ Trust Series 1 Add +30.3% 0.20% +0.05
SPSM SS SPDR P S&P 600 Small Cap Add +4.9% 0.40% +0.04
VYM Vanguard High DVD Yield ETF Add +96.6% 0.08% +0.04
VZ Verizon Communications Inc. New 0.03% +0.03
DSI iShares ESG MSCI KLD 400 ETF New 0.03% +0.03
PM Philip Morris International New 0.03% +0.03
IBM Intl Business Machines Corp. Add +0.0% 0.09% +0.02
IWP iShares Russell Mid-Cap Grow Add +19.2% 0.07% +0.01
NEE Nextera Energy Inc. Add +0.4% 0.07% +0.01
CPNG Coupang Inc. Add +1.1% 0.07% +0.01
IWF iShares Russell 1000 Growth Add +0.8% 0.58% +0.01
SCHG Schwab US Large-Cap Growth Add +0.8% 0.43% +0.01
VOO Vanguard S&P 500 ETF Add +0.3% 0.09% +0.00
SCHO Schwab Short-Term US Treas Add +1.6% 0.18% +0.00
CL Colgate-Palmolive Co. Add +0.0% 0.05% +0.00
CMCSA Comcast Corp. Class A Add +0.1% 0.05% +0.00
XLK SS Technology Select Sector Add +3.4% 0.07% +0.00
PEP Pepsico Inc. Add +0.1% 0.06% +0.00
NVDA Nvidia Corp. Add +2.7% 0.30% −0.00
GOOG Alphabet Inc. Class C Add +3.7% 0.11% −0.01

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