Towercrest Capital Management

Name: Towercrest Capital Management 13F holdings, Q1 2025
Creator: Towercrest Capital Management
Published: 2025-05-08

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 8, 2025), Towercrest Capital Management reported 88 stock positions worth $526.3 million. Its top holding was Schwab US Large-Cap ETF (SCHX) at 9.3% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 9.0%) and iShares Core U.S. Aggregate (AGG, 5.9%). Compared with Q4 2024, it opened 1 new position, sold out of 16, added to 11 and reduced 61. The biggest buy was Schwab US Aggregate Bond ETF (SCHZ, shares +2%) and the biggest sale iShares Core S&P 500 ETF (IVV, shares −26%).

Most Recent 13F: Q2 2026
Location: NEWTOWN, PA
CIK: 0001633288
Portfolio Value: $526.3M (Q1 2025)
SEC Filing: 0001633288-25-000002 ↗ filed May 8, 2025

Holdings Value

Holdings 88 stocks · $526.3M


SCHX Schwab US Large-Cap ETF	9.26%	2,206,512	$48.7M	Reduce -2.8%
IVV iShares Core S&P 500 ETF	8.98%	84,114	$47.3M	Reduce -25.7%
AGG iShares Core U.S. Aggregate	5.88%	312,686	$30.9M	Reduce -16.0%
FLOT iShares Floating Rate Bond E	5.12%	528,216	$27.0M	Reduce -19.4%
HYG Ishr Ibx Usd Hiyld CB ETF-Ui	5.06%	337,529	$26.6M	Reduce -11.1%
SCHZ Schwab US Aggregate Bond ETF	4.79%	1,089,446	$25.2M	Add +1.8%
FLRN SS SPDR BB Ig Float RT ETF	4.07%	695,838	$21.4M	Reduce -7.0%
IEFA iShares Core MSCI Eafe ETF	3.65%	254,150	$19.2M	Reduce -20.4%
EMB iShares JP Morgan Usd Emergi	3.36%	195,426	$17.7M	Reduce -8.4%
SCHF Schwab Intl Equity ETF	3.20%	851,584	$16.8M	Add +1.3%
IEMG iShares Core MSCI Emerging	3.11%	303,524	$16.4M	Reduce -16.4%
SCHE Schwab Emrg Mrkts Eqty ETF	2.79%	533,081	$14.7M	Add +6.3%
LQD Ishr Ibx Usd Invgd CB ETF-Ui	2.69%	130,026	$14.1M	Reduce -5.2%
MUB iShares National Muni Bond E	2.44%	121,650	$12.8M	Reduce -7.6%
SPYM Ste STR SPDR PT S&P 500 ETF	2.15%	172,294	$11.3M	Reduce -1.8%
IJH iShares Core S&P Midcap ETF	2.00%	180,549	$10.5M	Reduce -26.3%
CORP PIMCO Inv Grade Corp. BD ETF	1.99%	108,035	$10.5M	Add +9.0%
IJR iShares Core S&P Small-Cap E	1.96%	98,803	$10.3M	Reduce -24.7%
SCHM Schwab US Mid Cap ETF	1.81%	364,259	$9.5M	Reduce -3.0%
SPAB SS SPDR P Agg Bond ETF	1.75%	360,414	$9.2M	Add +1.8%
SCHA Schwab US Small-Cap ETF	1.70%	381,997	$9.0M	Reduce -3.2%
SCHB Schwab US Broad Market ETF	1.68%	411,649	$8.9M	Reduce -3.8%
SPY SS SPDR S&P 500 ETF Trust-US	1.54%	14,524	$8.1M	Reduce -29.1%
AAPL Apple Inc.	1.49%	35,307	$7.8M	Reduce -43.7%
ITOT iShares Core S&P Total U.S.	1.29%	55,852	$6.8M	Reduce -28.0%
SHYG iShares 0-5 YR HY Corp. Bond	1.15%	141,842	$6.0M	Reduce -3.5%
SCHD Schwab US DVD Equity ETF	1.11%	208,100	$5.8M	Add +0.6%
SPIB SS SPDR P Int C Corp. ETF	1.07%	168,980	$5.6M	Add +4.9%
PCY Invesco Emerging Markets Sov	1.04%	271,046	$5.5M	Add +2.8%
SPEM State Street SP PTF Em ETF	0.96%	128,936	$5.1M	Reduce -10.5%
DGRO iShares Core Dividend Growth	0.90%	76,648	$4.7M	Reduce -18.8%
SPDW Ste STR SPDR PT DW Eu ETF	0.88%	126,684	$4.6M	Reduce -21.1%
IFLN Invesco Bloomberg Enhanced F	0.80%	231,855	$4.2M	Reduce -1.9%
TFI SS SPDR N Ice Muni Bond ETF	0.65%	75,557	$3.4M	Reduce -2.8%
IWF iShares Russell 1000 Growth	0.50%	7,325	$2.6M	Reduce -23.9%
SCHG Schwab US Large-Cap Growth	0.49%	102,232	$2.6M	No change
MSFT Microsoft Corp.	0.45%	6,326	$2.4M	Reduce -42.1%
SPMD SS SPDR P S&P 400 Midcap ETF	0.42%	42,871	$2.2M	Reduce -1.8%
SPSM SS SPDR P S&P 600 Small Cap	0.40%	51,002	$2.1M	Reduce -0.7%
SPYD SS SPDR P S&P 500 Hi Div ETF	0.29%	34,614	$1.5M	Add +3.0%
SPTM SS SPDR P S&P 1500 Comp ETF	0.27%	21,165	$1.4M	Reduce -3.5%
SHY iShares 1-3 Year Treasury Bo	0.24%	15,504	$1.3M	Reduce -23.3%
RSP Invesco S&P 500 Equal Weight	0.23%	6,989	$1.2M	Reduce -0.8%
JPM JPMorgan Chase & Co.	0.22%	4,779	$1.2M	Reduce -49.5%
SCHO Schwab Short-Term US Treas	0.21%	45,847	$1.1M	Reduce -2.3%
JNJ Johnson & Johnson	0.20%	6,463	$1.1M	Reduce -3.6%
QQQ Invesco QQQ Trust Series 1	0.16%	1,761	$826K	Reduce -15.0%
MRK Merck & Co. Inc.	0.16%	9,145	$821K	No change
AMZN Amazon.com Inc.	0.16%	4,304	$819K	Reduce -28.6%
VUG Vanguard Mrngstar GR ETF-Sui	0.15%	2,191	$812K	No change
NVDA Nvidia Corp.	0.15%	7,368	$799K	Reduce -59.3%
T AT&T Inc.	0.15%	27,623	$781K	Reduce -7.2%
META Meta Platforms Inc. Class A	0.14%	1,320	$761K	Reduce -76.7%
VTI VG Morningstar TS MKT ETF-US	0.14%	2,695	$741K	Reduce -1.0%
V Visa Inc. Class A	0.14%	2,096	$735K	Reduce -11.0%
HD Home Depot Inc.	0.13%	1,879	$689K	Reduce -14.7%
SCHV Schwab US Large-Cap Value	0.12%	24,237	$644K	No change
GOOG Alphabet Inc. Class C	0.12%	3,945	$616K	Reduce -5.0%
COKE Coca-Cola Consolidated Inc.	0.12%	8,534	$611K	No change
VTV Vanguard Mrngstr Val ETF-Aui	0.11%	3,208	$554K	No change
VIG Vanguard Dividend Apprec ETF	0.10%	2,676	$519K	Reduce -4.1%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	0.10%	2,087	$519K	Reduce -19.3%
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.10%	12,021	$502K	Reduce -18.3%
VOO Vanguard S&P 500 ETF	0.09%	950	$488K	Reduce -12.8%
FBND Fidelity Total Bond ETF	0.09%	10,616	$485K	No change
CL Colgate-Palmolive Co.	0.09%	4,777	$448K	Reduce -4.2%
IWD iShares Russell 1000 Value E	0.08%	2,348	$442K	Reduce -14.7%
CSCO Cisco Systems Inc.	0.08%	6,757	$417K	Reduce -11.4%
CVX Chevron Corp.	0.08%	2,400	$401K	Reduce -7.9%
NEE Nextera Energy Inc.	0.07%	5,097	$361K	Add +0.5%
ORCL Oracle Corp.	0.07%	2,498	$349K	No change
DFUS Dimensional US Eq MKT ETF	0.07%	5,721	$346K	No change
WMT Walmart Inc.	0.07%	3,904	$343K	Reduce -0.1%
COST Costco Wholesale Corp.	0.06%	348	$329K	No change
PEG Public Service Enterprise GP	0.06%	3,652	$301K	No change
VT Vanguard Tot World STK ETF	0.06%	2,547	$295K	Add +0.1%
GOOGL Alphabet Inc. Class A	0.06%	1,894	$293K	Reduce -46.7%
AMCA iShares Russell 1000 US Rev	0.05%	905	$278K	No change
IWP iShares Russell Mid-Cap Grow	0.05%	2,360	$277K	Reduce -32.3%
REZI Resideo Technologies Inc.	0.05%	15,203	$269K	No change
VZ Verizon Communications Inc.	0.05%	5,710	$259K	Reduce -8.9%
PM Philip Morris International	0.04%	3,924	$236K	No change
DIS The Walt Disney Co. filed as DISNEY WALT CO	0.04%	2,298	$227K	Reduce -18.9%
SPSB SS SPDR P St C Corp. ETF	0.04%	7,744	$226K	Reduce -0.4%
PG The Procter & Gamble Co.	0.04%	1,320	$225K	Reduce -49.1%
NFLX Netflix Inc.	0.04%	238	$222K	No change
BMY Bristol-Myers Squibb Co.	0.04%	3,502	$214K	Reduce -6.8%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP	0.04%	2,400	$201K	New

Portfolio Sells Q4 2024 → Q1 2025


IVV iShares Core S&P 500 ETF	Reduce -25.7%	8.98%	−1.79
AAPL Apple Inc.	Reduce -43.7%	1.49%	−1.05
IJR iShares Core S&P Small-Cap E	Reduce -24.7%	1.96%	−0.48
IJH iShares Core S&P Midcap ETF	Reduce -26.3%	2.00%	−0.47
SPY SS SPDR S&P 500 ETF Trust-US	Reduce -29.1%	1.54%	−0.40
META Meta Platforms Inc. Class A	Reduce -76.7%	0.14%	−0.39
ITOT iShares Core S&P Total U.S.	Reduce -28.0%	1.29%	−0.32
UPS United Parcel Service Class B	Sold out	0.00%	−0.30
MSFT Microsoft Corp.	Reduce -42.1%	0.45%	−0.29
FLOT iShares Floating Rate Bond E	Reduce -19.4%	5.12%	−0.26
NVDA Nvidia Corp.	Reduce -59.3%	0.15%	−0.24
JPM JPMorgan Chase & Co.	Reduce -49.5%	0.22%	−0.14
GLD SPDR Gold Shares	Sold out	0.00%	−0.12
IWF iShares Russell 1000 Growth	Reduce -23.9%	0.50%	−0.12
XOM Exxon Mobil Corp.	Sold out	0.00%	−0.07
XLK SS Technology Select Sector	Sold out	0.00%	−0.07
PFE Pfizer Inc.	Sold out	0.00%	−0.06
CPNG Coupang Inc.	Sold out	0.00%	−0.06
AMZN Amazon.com Inc.	Reduce -28.6%	0.16%	−0.06
GOOGL Alphabet Inc. Class A	Reduce -46.7%	0.06%	−0.05
PEP Pepsico Inc.	Sold out	0.00%	−0.05
VYM Vanguard High DVD Yield ETF	Sold out	0.00%	−0.05
XLF SS Financial Select Sector	Sold out	0.00%	−0.04
GDDY GoDaddy Inc. Class A	Sold out	0.00%	−0.04
BRK.B Berkshire Hathaway Inc. Class B	Sold out	0.00%	−0.04
VOOG Vanguard S&P 500 Growth ETF	Sold out	0.00%	−0.04
DGRO iShares Core Dividend Growth	Reduce -18.8%	0.90%	−0.04
BA The Boeing Co.	Sold out	0.00%	−0.04
ED Consolidated Edison Inc.	Sold out	0.00%	−0.03
GS Goldman Sachs Group Inc.	Sold out	0.00%	−0.03
DSI iShares ESG MSCI KLD 400 ETF	Sold out	0.00%	−0.03
PG The Procter & Gamble Co.	Reduce -49.1%	0.04%	−0.03
SHY iShares 1-3 Year Treasury Bo	Reduce -23.3%	0.24%	−0.02
IWP iShares Russell Mid-Cap Grow	Reduce -32.3%	0.05%	−0.02
QQQ Invesco QQQ Trust Series 1	Reduce -15.0%	0.16%	−0.01
GOOG Alphabet Inc. Class C	Reduce -5.0%	0.12%	−0.01
BAC Bank of America Corp.	Reduce -18.3%	0.10%	−0.01
SPDW Ste STR SPDR PT DW Eu ETF	Reduce -21.1%	0.88%	−0.01
DIS The Walt Disney Co.	Reduce -18.9%	0.04%	−0.01
HD Home Depot Inc.	Reduce -14.7%	0.13%	−0.01
VOO Vanguard S&P 500 ETF	Reduce -12.8%	0.09%	−0.00
IWD iShares Russell 1000 Value E	Reduce -14.7%	0.08%	+0.00
BMY Bristol-Myers Squibb Co.	Reduce -6.8%	0.04%	+0.01
CSCO Cisco Systems Inc.	Reduce -11.4%	0.08%	+0.01
SPSB SS SPDR P St C Corp. ETF	Reduce -0.4%	0.04%	+0.01
IBM Intl Business Machines Corp.	Reduce -19.3%	0.10%	+0.01
WMT Walmart Inc.	Reduce -0.1%	0.07%	+0.01
VZ Verizon Communications Inc.	Reduce -8.9%	0.05%	+0.01
VIG Vanguard Dividend Apprec ETF	Reduce -4.1%	0.10%	+0.01
CL Colgate-Palmolive Co.	Reduce -4.2%	0.09%	+0.01

Portfolio Buys Q4 2024 → Q1 2025


SCHZ Schwab US Aggregate Bond ETF	Add +1.8%	4.79%	+0.87
SCHF Schwab Intl Equity ETF	Add +1.3%	3.20%	+0.69
SCHE Schwab Emrg Mrkts Eqty ETF	Add +6.3%	2.79%	+0.63
CORP PIMCO Inv Grade Corp. BD ETF	Add +9.0%	1.99%	+0.46
SPAB SS SPDR P Agg Bond ETF	Add +1.8%	1.75%	+0.32
SPIB SS SPDR P Int C Corp. ETF	Add +4.9%	1.07%	+0.21
PCY Invesco Emerging Markets Sov	Add +2.8%	1.04%	+0.19
SCHD Schwab US DVD Equity ETF	Add +0.6%	1.11%	+0.19
SPYD SS SPDR P S&P 500 Hi Div ETF	Add +3.0%	0.29%	+0.06
BNY Bank of New York Mellon Corp.	New	0.04%	+0.04
NEE Nextera Energy Inc.	Add +0.5%	0.07%	+0.01
VT Vanguard Tot World STK ETF	Add +0.1%	0.06%	+0.01

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	110	$717.4M	IVV, SCHX, AGG, HYG, LQD
Q1 2026	103	$641.8M	IVV, SCHX, AGG, HYG, LQD
Q4 2025	98	$634.3M	IVV, SCHX, AGG, HYG, FLOT
Q3 2025	99	$623.4M	IVV, SCHX, AGG, HYG, FLOT
Q2 2025	89	$560.2M	SCHX, IVV, AGG, HYG, FLOT
Q1 2025	88	$526.3M	SCHX, IVV, AGG, FLOT, HYG
Q4 2024	103	$618.7M	IVV, SCHX, AGG, FLOT, HYG
Q3 2024	101	$620.5M	IVV, SCHX, AGG, FLOT, HYG
Q2 2024	107	$607.6M	IVV, SCHX, FLOT, AGG, HYG
Q1 2024	107	$592.8M	IVV, SCHX, FLOT, AGG, HYG