Twele Capital Management, Inc.
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 14, 2026), Twele Capital Management, Inc. reported 40 stock positions worth $612.3 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 11.4% of the portfolio, followed by Vanguard S&P 500 ETF (VOO, 10.7%) and Vanguard Total Bond Market (BND, 9.7%). Compared with Q1 2026, it opened 1 new position, added to 15 and reduced 23. The biggest buy was iShares Broad Usd High Yield (USHY, shares +37%) and the biggest sale Vanguard High DVD Yield ETF (VYM, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- MINNETONKA, MN
- CIK
- 0001411268
- Portfolio Value
- $612.3M (Q2 2026)
- SEC Filing
- 0001411268-26-000004 ↗ filed Jul 14, 2026
Holdings Value
Holdings 40 stocks · $612.3M
| IVV iShares Core S&P 500 ETF | 11.39% | 93,090 | $69.7M | Reduce -5.1% |
| VOO Vanguard S&P 500 ETF | 10.75% | 95,820 | $65.8M | Reduce -3.0% |
| BND Vanguard Total Bond Market | 9.67% | 806,604 | $59.2M | Add +7.8% |
| IEF iShares 7-10 Year Treasury B | 8.37% | 541,981 | $51.3M | Add +9.0% |
| AGG iShares Core U.S. Aggregate | 8.33% | 515,560 | $51.0M | Add +8.5% |
| VYM Vanguard High DVD Yield ETF | 7.56% | 293,079 | $46.3M | Reduce -1.7% |
| IEFA iShares Core MSCI Eafe ETF | 4.81% | 305,116 | $29.5M | Add +1.8% |
| IJH iShares Core S&P Midcap ETF | 4.77% | 378,917 | $29.2M | Reduce -1.4% |
| VEA Vanguard Ftse Developed ETF | 4.71% | 404,555 | $28.8M | Reduce -2.4% |
| IJR iShares Core S&P Small-Cap E | 4.02% | 165,931 | $24.6M | Reduce -4.4% |
| VB Vanguard Most SM-Cap ETF-Usd | 3.78% | 76,439 | $23.2M | Reduce -2.2% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 3.70% | 280,883 | $22.6M | Reduce -0.1% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 3.16% | 242,205 | $19.4M | Reduce -0.2% |
| IEMG iShares Core MSCI Emerging | 2.78% | 205,491 | $17.0M | Reduce -7.1% |
| VCSH Vanguard S/T Corp. Bond ETF | 2.59% | 200,399 | $15.8M | Add +7.2% |
| VWO Vanguard Ftse Emerging Marke | 2.47% | 253,446 | $15.1M | Reduce -1.3% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 2.10% | 117,726 | $12.8M | Add +7.6% |
| USHY iShares Broad Usd High Yield | 1.12% | 185,359 | $6.9M | Add +36.8% |
| GOVT iShares US Treasury Bond ETF | 0.70% | 187,305 | $4.3M | Add +19.9% |
| EFA iShares MSCI Eafe ETF | 0.32% | 18,881 | $2.0M | Reduce -0.5% |
| IEI iShares 3-7 Year Treasury Bo | 0.32% | 16,501 | $1.9M | Reduce -1.6% |
| MUB iShares National Muni Bond E | 0.29% | 16,623 | $1.8M | Add +48.8% |
| SCHZ Schwab US Aggregate Bond ETF | 0.23% | 59,964 | $1.4M | Add +5.2% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.21% | 25,629 | $1.3M | Reduce -29.3% |
| VCIT Vanguard Int-Term Corporate | 0.21% | 15,345 | $1.3M | Add +28.5% |
| SCHX Schwab US Large-Cap ETF | 0.18% | 38,364 | $1.1M | Reduce -4.4% |
| SCHA Schwab US Small-Cap ETF | 0.18% | 30,132 | $1.1M | Reduce -3.4% |
| SCHO Schwab Short-Term US Treas | 0.18% | 44,973 | $1.1M | Reduce -0.4% |
| SCHF Schwab Intl Equity ETF | 0.16% | 34,857 | $966K | Reduce -6.3% |
| SCHB Schwab US Broad Market ETF | 0.13% | 27,279 | $790K | Reduce -2.0% |
| IWF iShares Russell 1000 Growth | 0.13% | 6,196 | $769K | No change |
| AAPL Apple Inc. | 0.12% | 2,558 | $740K | Add +0.0% |
| SCHM Schwab US Mid Cap ETF | 0.11% | 18,181 | $670K | Reduce -0.8% |
| SCHR Schwab Intermediate-Term US | 0.09% | 23,081 | $569K | Add +10.0% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.09% | 6,585 | $567K | Reduce -3.0% |
| SHY iShares 1-3 Year Treasury Bo | 0.07% | 5,356 | $440K | Add +5.2% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.06% | 9,846 | $357K | Reduce -2.7% |
| DVY iShares Select Dividend ETF | 0.06% | 2,244 | $351K | Reduce -5.8% |
| NVDA Nvidia Corp. | 0.05% | 1,496 | $299K | Add +0.1% |
| TLT iShares 20+ Year Treasury BD | 0.03% | 2,411 | $208K | New |
Portfolio Sells Q1 2026 → Q2 2026
| VYM Vanguard High DVD Yield ETF | Reduce -1.7% | 7.56% | −0.31 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Reduce -0.2% | 3.16% | −0.28 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -29.3% | 0.21% | −0.11 |
| IEI iShares 3-7 Year Treasury Bo | Reduce -1.6% | 0.32% | −0.04 |
| IVV iShares Core S&P 500 ETF | Reduce -5.1% | 11.39% | −0.04 |
| VEA Vanguard Ftse Developed ETF | Reduce -2.4% | 4.71% | −0.03 |
| SCHO Schwab Short-Term US Treas | Reduce -0.4% | 0.18% | −0.02 |
| EFA iShares MSCI Eafe ETF | Reduce -0.5% | 0.32% | −0.01 |
| DVY iShares Select Dividend ETF | Reduce -5.8% | 0.06% | −0.01 |
| SCHF Schwab Intl Equity ETF | Reduce -6.3% | 0.16% | −0.01 |
| VWO Vanguard Ftse Emerging Marke | Reduce -1.3% | 2.47% | −0.00 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Reduce -2.7% | 0.06% | −0.00 |
| SCHX Schwab US Large-Cap ETF | Reduce -4.4% | 0.18% | +0.00 |
| SCHB Schwab US Broad Market ETF | Reduce -2.0% | 0.13% | +0.00 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -3.0% | 0.09% | +0.00 |
| SCHM Schwab US Mid Cap ETF | Reduce -0.8% | 0.11% | +0.01 |
| SCHA Schwab US Small-Cap ETF | Reduce -3.4% | 0.18% | +0.02 |
| IEMG iShares Core MSCI Emerging | Reduce -7.1% | 2.78% | +0.03 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -0.1% | 3.70% | +0.10 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -2.2% | 3.78% | +0.14 |
| IJH iShares Core S&P Midcap ETF | Reduce -1.4% | 4.77% | +0.15 |
| IJR iShares Core S&P Small-Cap E | Reduce -4.4% | 4.02% | +0.17 |
| VOO Vanguard S&P 500 ETF | Reduce -3.0% | 10.75% | +0.23 |
Portfolio Buys Q1 2026 → Q2 2026
| USHY iShares Broad Usd High Yield | Add +36.8% | 1.12% | +0.23 |
| MUB iShares National Muni Bond E | Add +48.8% | 0.29% | +0.08 |
| GOVT iShares US Treasury Bond ETF | Add +19.9% | 0.70% | +0.06 |
| TLT iShares 20+ Year Treasury BD | New | 0.03% | +0.03 |
| VCIT Vanguard Int-Term Corporate | Add +28.5% | 0.21% | +0.03 |
| AAPL Apple Inc. | Add +0.0% | 0.12% | +0.01 |
| NVDA Nvidia Corp. | Add +0.1% | 0.05% | +0.00 |
| SCHR Schwab Intermediate-Term US | Add +10.0% | 0.09% | −0.00 |
| SHY iShares 1-3 Year Treasury Bo | Add +5.2% | 0.07% | −0.00 |
| SCHZ Schwab US Aggregate Bond ETF | Add +5.2% | 0.23% | −0.01 |
| IEFA iShares Core MSCI Eafe ETF | Add +1.8% | 4.81% | −0.02 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Add +7.6% | 2.10% | −0.03 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +7.2% | 2.59% | −0.05 |
| AGG iShares Core U.S. Aggregate | Add +8.5% | 8.33% | −0.08 |
| IEF iShares 7-10 Year Treasury B | Add +9.0% | 8.37% | −0.09 |
| BND Vanguard Total Bond Market | Add +7.8% | 9.67% | −0.16 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 40 | $612.3M | IVV, VOO, BND, IEF, AGG |
| Q1 2026 | 39 | $560.9M | IVV, VOO, BND, IEF, AGG |
| Q4 2025 | 39 | $559.6M | IVV, VOO, BND, IEF, AGG |
| Q3 2025 | 39 | $541.9M | IVV, VOO, BND, IEF, AGG |
| Q2 2025 | 39 | $504.0M | IVV, VOO, BND, IEF, AGG |
| Q1 2025 | 39 | $471.6M | IVV, VOO, BND, IEF, AGG |
| Q4 2024 | 40 | $471.7M | IVV, VOO, BND, IEF, AGG |
| Q3 2024 | 40 | $476.4M | IVV, VOO, BND, IEF, AGG |
| Q2 2024 | 39 | $441.1M | IVV, VOO, BND, IEF, AGG |
| Q1 2024 | 37 | $442.0M | IVV, VOO, BND, IEF, AGG |