Towercrest Capital Management

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 1, 2026), Towercrest Capital Management reported 103 stock positions worth $641.8 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 10.6% of the portfolio, followed by Schwab US Large-Cap ETF (SCHX, 8.7%) and iShares Core U.S. Aggregate (AGG, 6.3%). Compared with Q4 2025, it opened 7 new positions, sold out of 2, added to 46 and reduced 27. The biggest buy was Ishr Ibx Usd Invgd CB ETF-Ui (LQD, shares +20%) and the biggest sale Schwab US Large-Cap ETF (SCHX, shares −2%).

Most Recent 13F
Q2 2026
Location
NEWTOWN, PA
CIK
0001633288
Portfolio Value
$641.8M (Q1 2026)
SEC Filing
0001633288-26-000002 ↗ filed May 1, 2026

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 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 $641.8M Q1 2026 Q2 2026: $717.4M Q2 2026

Holdings 103 stocks · $641.8M
IVV iShares Core S&P 500 ETF 10.64% 104,188 $68.3M Add +4.9%
SCHX Schwab US Large-Cap ETF 8.69% 2,176,358 $55.8M Reduce -1.6%
AGG iShares Core U.S. Aggregate 6.32% 408,315 $40.5M Add +6.7%
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 5.74% 462,631 $36.8M Add +4.5%
LQD Ishr Ibx Usd Invgd CB ETF-Ui 4.95% 291,268 $31.7M Add +20.4%
FLOT iShares Floating Rate Bond E 4.26% 537,209 $27.4M Reduce -4.6%
IEFA iShares Core MSCI Eafe ETF 4.15% 294,340 $26.7M Add +3.6%
SCHZ Schwab US Aggregate Bond ETF 3.67% 1,014,783 $23.6M Reduce -0.4%
IEMG iShares Core MSCI Emerging 3.60% 330,816 $23.1M Add +4.5%
EMB iShares JP Morgan Usd Emergi 3.25% 221,835 $20.8M Add +4.0%
SCHF Schwab Intl Equity ETF 3.04% 788,468 $19.5M Reduce -2.7%
FLRN SS SPDR BB Ig Float RT ETF 2.80% 584,824 $18.0M Reduce -10.2%
SCHE Schwab Emrg Mrkts Eqty ETF 2.52% 490,541 $16.2M Add +1.7%
IJH iShares Core S&P Midcap ETF 2.42% 230,280 $15.6M Add +4.6%
MUB iShares National Muni Bond E 2.31% 139,953 $14.9M Add +4.2%
SPYM Ste STR SPDR PT S&P 500 ETF 2.01% 168,358 $12.9M Reduce -0.5%
IJR iShares Core S&P Small-Cap E 1.97% 101,461 $12.6M Add +4.0%
SCHM Schwab US Mid Cap ETF 1.81% 376,193 $11.6M Reduce -1.1%
SCHB Schwab US Broad Market ETF 1.58% 404,680 $10.2M Reduce -0.9%
SPAB SS SPDR P Agg Bond ETF 1.56% 391,329 $10.0M Add +2.8%
ITOT iShares Core S&P Total U.S. 1.46% 65,773 $9.4M Add +2.8%
SPY SS SPDR S&P 500 ETF Trust-US 1.44% 14,179 $9.2M Reduce -4.2%
SCHA Schwab US Small-Cap ETF 1.41% 310,751 $9.0M Reduce -1.6%
AAPL Apple Inc. 1.35% 34,126 $8.7M Add +2.3%
SHYG iShares 0-5 YR HY Corp. Bond 1.16% 175,581 $7.4M Add +7.4%
SPIB SS SPDR P Int C Corp. ETF 1.16% 221,386 $7.4M Add +18.0%
SCHD Schwab US DVD Equity ETF 1.01% 210,438 $6.5M Reduce -1.9%
DGRO iShares Core Dividend Growth 0.97% 88,990 $6.2M Add +5.1%
SPEM State Street SP PTF Em ETF 0.85% 116,631 $5.5M Add +1.8%
CL Colgate-Palmolive Co. 0.85% 63,889 $5.4M Add +0.0%
SPDW Ste STR SPDR PT DW Eu ETF 0.81% 113,431 $5.2M Reduce -1.5%
PCY Invesco Emerging Markets Sov 0.76% 232,208 $4.9M Reduce -3.8%
TFI SS SPDR N Ice Muni Bond ETF 0.49% 69,179 $3.1M Reduce -3.6%
IWF iShares Russell 1000 Growth 0.48% 7,201 $3.1M No change
SCHG Schwab US Large-Cap Growth 0.46% 102,118 $3.0M Reduce -0.1%
SPMD SS SPDR P S&P 400 Midcap ETF 0.41% 43,958 $2.6M Add +0.6%
MSFT Microsoft Corp. 0.41% 7,025 $2.6M Reduce -2.7%
CORP PIMCO Inv Grade Corp. BD ETF 0.34% 22,351 $2.2M Reduce -2.5%
SPSM SS SPDR P S&P 600 Small Cap 0.33% 43,425 $2.1M Add +0.2%
QQQ Invesco QQQ Trust Series 1 0.30% 3,349 $1.9M Add +4.9%
JNJ Johnson & Johnson 0.28% 7,356 $1.8M Add +0.3%
SPYD SS SPDR P S&P 500 Hi Div ETF 0.27% 38,649 $1.8M Add +3.8%
SHY iShares 1-3 Year Treasury Bo 0.27% 20,754 $1.7M Add +6.1%
GOOG Alphabet Inc. Class C 0.26% 5,890 $1.7M Reduce -2.8%
SPTM SS SPDR P S&P 1500 Comp ETF 0.24% 19,740 $1.6M Reduce -0.4%
NVDA Nvidia Corp. 0.24% 8,683 $1.5M Add +1.4%
RSP Invesco S&P 500 Equal Weight 0.21% 6,989 $1.3M No change
JPM JPMorgan Chase & Co. 0.19% 4,228 $1.2M Add +0.6%
GOOGL Alphabet Inc. Class A 0.19% 4,309 $1.2M No change
SCHO Schwab Short-Term US Treas 0.19% 50,368 $1.2M Add +0.6%
META Meta Platforms Inc. Class A 0.18% 1,997 $1.1M Add +2.0%
MRK Merck & Co. Inc. 0.17% 9,225 $1.1M Reduce -0.2%
VOO Vanguard S&P 500 ETF 0.17% 1,845 $1.1M Add +9.5%
AMZN Amazon.com Inc. 0.16% 4,893 $1.0M Reduce -4.6%
VUG Vanguard Mrngstar GR ETF-Sui 0.16% 2,302 $1.0M Reduce -2.3%
V Visa Inc. Class A 0.13% 2,797 $845K No change
T AT&T Inc. 0.13% 28,881 $837K Reduce -1.7%
HD Home Depot Inc. 0.13% 2,484 $817K Add +29.1%
CSCO Cisco Systems Inc. 0.13% 10,391 $806K No change
SCHV Schwab US Large-Cap Value 0.12% 24,210 $738K Reduce -0.1%
COKE Coca-Cola Consolidated Inc. 0.11% 9,240 $703K No change
VTV Vanguard Mrngstr Val ETF-Aui 0.10% 3,207 $629K Add +0.6%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.10% 12,875 $628K No change
SBUX Starbucks Corp. 0.09% 6,751 $605K New
VIG Vanguard Dividend Apprec ETF 0.09% 2,741 $589K Reduce -8.7%
FBND Fidelity Total Bond ETF 0.09% 12,636 $576K No change
CVX Chevron Corp. 0.09% 2,674 $553K Add +7.0%
WMT Walmart Inc. 0.08% 4,353 $541K Add +4.7%
VTI VG Morningstar TS MKT ETF-US 0.08% 1,673 $537K Reduce -3.7%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.08% 2,186 $530K Add +2.3%
IWD iShares Russell 1000 Value E 0.07% 2,235 $477K No change
NEE Nextera Energy Inc. 0.07% 5,020 $466K Add +0.4%
AVGO Broadcom Inc. 0.07% 1,504 $466K Add +8.2%
LIN Linde PLC 0.07% 893 $443K No change
DFUS Dimensional US Eq MKT ETF 0.06% 5,721 $406K No change
ORCL Oracle Corp. 0.06% 2,648 $390K Add +6.0%
COST Costco Wholesale Corp. 0.06% 385 $383K Add +5.5%
TT Trane Technologies PLC 0.06% 871 $363K No change
BRK.B Berkshire Hathaway Inc. Class B 0.05% 709 $340K Add +1.4%
NFLX Netflix Inc. 0.05% 3,490 $336K Add +2.0%
C Citigroup Inc. 0.05% 2,939 $333K No change
VT Vanguard Tot World STK ETF 0.05% 2,365 $327K No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.05% 2,575 $305K No change
IWP iShares Russell Mid-Cap Grow 0.05% 2,360 $302K No change
VZ Verizon Communications Inc. 0.05% 5,965 $299K Add +3.5%
PEG Public Service Enterprise GP 0.05% 3,652 $296K No change
LLY Eli Lilly & Co. 0.05% 319 $293K Add +8.5%
GE AEROSPACE 0.05% 1,021 $290K Add +19.3%
TSLA Tesla Inc. 0.04% 758 $282K Reduce -5.0%
PM Philip Morris International 0.04% 3,924 $259K No change
SPSB SS SPDR P St C Corp. ETF 0.04% 8,237 $240K Add +2.2%
GEV GE Vernova Inc. 0.04% 275 $240K New
HSY The Hershey Co. 0.04% 1,100 $229K No change
RTX RTX Corp. 0.04% 1,170 $226K New
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.03% 2,283 $220K No change
MMM 3M Co. 0.03% 1,513 $220K New
TSM Taiwan Semiconductor-SP ADR 0.03% 650 $220K New
FDX FedEx Corp. 0.03% 611 $218K New
VEU Vanguard Ftse All-World Ex-U 0.03% 2,861 $215K New
AMCA iShares Russell 1000 US Rev 0.03% 590 $210K No change

Show all 103 holdings

Portfolio Sells Q4 2025 → Q1 2026
SCHX Schwab US Large-Cap ETF Reduce -1.6% 8.69% −0.69
FLRN SS SPDR BB Ig Float RT ETF Reduce -10.2% 2.80% −0.35
FLOT iShares Floating Rate Bond E Reduce -4.6% 4.26% −0.25
SPY SS SPDR S&P 500 ETF Trust-US Reduce -4.2% 1.44% −0.15
MSFT Microsoft Corp. Reduce -2.7% 0.41% −0.15
SPYM Ste STR SPDR PT S&P 500 ETF Reduce -0.5% 2.01% −0.13
SCHB Schwab US Broad Market ETF Reduce -0.9% 1.58% −0.11
SCHZ Schwab US Aggregate Bond ETF Reduce -0.4% 3.67% −0.08
PCY Invesco Emerging Markets Sov Reduce -3.8% 0.76% −0.07
SCHG Schwab US Large-Cap Growth Reduce -0.1% 0.46% −0.06
IFLN Invesco Bloomberg Enhanced F Sold out 0.00% −0.06
GOOG Alphabet Inc. Class C Reduce -2.8% 0.26% −0.04
VXF Vanguard Extended Market ETF Sold out 0.00% −0.03
SCHF Schwab Intl Equity ETF Reduce -2.7% 3.04% −0.03
TFI SS SPDR N Ice Muni Bond ETF Reduce -3.6% 0.49% −0.03
AMZN Amazon.com Inc. Reduce -4.6% 0.16% −0.03
VUG Vanguard Mrngstar GR ETF-Sui Reduce -2.3% 0.16% −0.02
CORP PIMCO Inv Grade Corp. BD ETF Reduce -2.5% 0.34% −0.02
SPTM SS SPDR P S&P 1500 Comp ETF Reduce -0.4% 0.24% −0.01
TSLA Tesla Inc. Reduce -5.0% 0.04% −0.01
VIG Vanguard Dividend Apprec ETF Reduce -8.7% 0.09% −0.01
SCHA Schwab US Small-Cap ETF Reduce -1.6% 1.41% −0.01
VTI VG Morningstar TS MKT ETF-US Reduce -3.7% 0.08% −0.01
SPDW Ste STR SPDR PT DW Eu ETF Reduce -1.5% 0.81% +0.00
SCHV Schwab US Large-Cap Value Reduce -0.1% 0.12% +0.00
SCHM Schwab US Mid Cap ETF Reduce -1.1% 1.81% +0.01
T AT&T Inc. Reduce -1.7% 0.13% +0.02
MRK Merck & Co. Inc. Reduce -0.2% 0.17% +0.02
SCHD Schwab US DVD Equity ETF Reduce -1.9% 1.01% +0.08

Portfolio Buys Q4 2025 → Q1 2026
LQD Ishr Ibx Usd Invgd CB ETF-Ui Add +20.4% 4.95% +0.74
AGG iShares Core U.S. Aggregate Add +6.7% 6.32% +0.29
IEMG iShares Core MSCI Emerging Add +4.5% 3.60% +0.24
SPIB SS SPDR P Int C Corp. ETF Add +18.0% 1.16% +0.16
IEFA iShares Core MSCI Eafe ETF Add +3.6% 4.15% +0.15
IJH iShares Core S&P Midcap ETF Add +4.6% 2.42% +0.13
IJR iShares Core S&P Small-Cap E Add +4.0% 1.97% +0.12
HYG Ishr Ibx Usd Hiyld CB ETF-Ui Add +4.5% 5.74% +0.11
SBUX Starbucks Corp. New 0.09% +0.09
CL Colgate-Palmolive Co. Add +0.0% 0.85% +0.05
SHYG iShares 0-5 YR HY Corp. Bond Add +7.4% 1.16% +0.05
MUB iShares National Muni Bond E Add +4.2% 2.31% +0.05
DGRO iShares Core Dividend Growth Add +5.1% 0.97% +0.05
JNJ Johnson & Johnson Add +0.3% 0.28% +0.04
GEV GE Vernova Inc. New 0.04% +0.04
RTX RTX Corp. New 0.04% +0.04
TSM Taiwan Semiconductor-SP ADR New 0.03% +0.03
MMM 3M Co. New 0.03% +0.03
FDX FedEx Corp. New 0.03% +0.03
VEU Vanguard Ftse All-World Ex-U New 0.03% +0.03
SCHE Schwab Emrg Mrkts Eqty ETF Add +1.7% 2.52% +0.03
CVX Chevron Corp. Add +7.0% 0.09% +0.03
HD Home Depot Inc. Add +29.1% 0.13% +0.02
SPYD SS SPDR P S&P 500 Hi Div ETF Add +3.8% 0.27% +0.02
SPAB SS SPDR P Agg Bond ETF Add +2.8% 1.56% +0.02
SHY iShares 1-3 Year Treasury Bo Add +6.1% 0.27% +0.01
WMT Walmart Inc. Add +4.7% 0.08% +0.01
COST Costco Wholesale Corp. Add +5.5% 0.06% +0.01
VZ Verizon Communications Inc. Add +3.5% 0.05% +0.01
NEE Nextera Energy Inc. Add +0.4% 0.07% +0.01
EMB iShares JP Morgan Usd Emergi Add +4.0% 3.25% +0.01
SPEM State Street SP PTF Em ETF Add +1.8% 0.85% +0.01
SPSM SS SPDR P S&P 600 Small Cap Add +0.2% 0.33% +0.01
SPMD SS SPDR P S&P 400 Midcap ETF Add +0.6% 0.41% +0.01
VOO Vanguard S&P 500 ETF Add +9.5% 0.17% +0.01
GE AEROSPACE Add +19.3% 0.05% +0.00
VTV Vanguard Mrngstr Val ETF-Aui Add +0.6% 0.10% +0.00
NFLX Netflix Inc. Add +2.0% 0.05% +0.00
SPSB SS SPDR P St C Corp. ETF Add +2.2% 0.04% +0.00
SCHO Schwab Short-Term US Treas Add +0.6% 0.19% −0.00
BRK.B Berkshire Hathaway Inc. Class B Add +1.4% 0.05% −0.00
AVGO Broadcom Inc. Add +8.2% 0.07% −0.00
LLY Eli Lilly & Co. Add +8.5% 0.05% −0.00
UNH Unitedhealth Group Inc. Add +3.4% 0.03% −0.01
QQQ Invesco QQQ Trust Series 1 Add +4.9% 0.30% −0.01
NVDA Nvidia Corp. Add +1.4% 0.24% −0.02
ORCL Oracle Corp. Add +6.0% 0.06% −0.02
IBM Intl Business Machines Corp. Add +2.3% 0.08% −0.02
JPM JPMorgan Chase & Co. Add +0.6% 0.19% −0.02
META Meta Platforms Inc. Class A Add +2.0% 0.18% −0.03

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