Twele Capital Management, Inc.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 15, 2024), Twele Capital Management, Inc. reported 37 stock positions worth $442.0 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 11.8% of the portfolio, followed by Vanguard S&P 500 ETF (VOO, 10.5%) and Vanguard Total Bond Market (BND, 9.2%). Compared with Q4 2023, it opened 1 new position, sold out of 6, added to 17 and reduced 19. The biggest buy was iShares 7-10 Year Treasury B (IEF, shares +6%) and the biggest sale an exit from iShares Russell 1000 ETF (IWB).
- Most Recent 13F
- Q2 2026
- Location
- MINNETONKA, MN
- CIK
- 0001411268
- Portfolio Value
- $442.0M (Q1 2024)
- SEC Filing
- 0001411268-24-000004 ↗ filed Apr 15, 2024
Holdings Value
Holdings 37 stocks · $442.0M
| IVV iShares Core S&P 500 ETF | 11.84% | 99,562 | $52.3M | Reduce -31.7% |
| VOO Vanguard S&P 500 ETF | 10.54% | 96,942 | $46.6M | Reduce -3.8% |
| BND Vanguard Total Bond Market | 9.20% | 560,128 | $40.7M | Reduce -12.9% |
| IEF iShares 7-10 Year Treasury B | 8.59% | 400,910 | $38.0M | Add +6.5% |
| AGG iShares Core U.S. Aggregate | 8.35% | 376,873 | $36.9M | Reduce -31.1% |
| VYM Vanguard High DVD Yield ETF | 8.10% | 295,808 | $35.8M | Reduce -2.1% |
| IJH iShares Core S&P Midcap ETF | 5.09% | 370,644 | $22.5M | Reduce -0.8% |
| IEFA iShares Core MSCI Eafe ETF | 4.84% | 288,055 | $21.4M | Add +0.3% |
| VEA Vanguard Ftse Developed ETF | 4.64% | 408,801 | $20.5M | Reduce 0.0% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 4.31% | 245,088 | $19.1M | Add +2.8% |
| IJR iShares Core S&P Small-Cap E | 4.12% | 164,904 | $18.2M | Add +0.9% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 3.55% | 62,857 | $15.7M | Reduce -0.0% |
| VB Vanguard Most SM-Cap ETF-Usd | 3.38% | 65,266 | $14.9M | Reduce -0.2% |
| VCSH Vanguard S/T Corp. Bond ETF | 2.63% | 150,285 | $11.6M | Add +1.7% |
| IEMG iShares Core MSCI Emerging | 2.61% | 223,554 | $11.5M | Reduce -69.1% |
| VWO Vanguard Ftse Emerging Marke | 2.31% | 244,624 | $10.2M | Add +2.2% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 2.14% | 87,036 | $9.5M | Add +4.6% |
| IEI iShares 3-7 Year Treasury Bo | 0.43% | 16,402 | $1.9M | Add +4.9% |
| EFA iShares MSCI Eafe ETF | 0.38% | 21,131 | $1.7M | Reduce -93.0% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.34% | 29,871 | $1.5M | Reduce -3.2% |
| GOVT iShares US Treasury Bond ETF | 0.30% | 57,917 | $1.3M | Add +13.3% |
| SCHZ Schwab US Aggregate Bond ETF | 0.26% | 25,028 | $1.2M | Add +6.8% |
| MUB iShares National Muni Bond E | 0.25% | 10,155 | $1.1M | Add +2.8% |
| SCHX Schwab US Large-Cap ETF | 0.24% | 16,801 | $1.0M | Reduce -6.6% |
| SCHO Schwab Short-Term US Treas | 0.21% | 19,146 | $923K | Add +4.8% |
| SCHA Schwab US Small-Cap ETF | 0.17% | 15,578 | $767K | Reduce -0.7% |
| SCHF Schwab Intl Equity ETF | 0.16% | 18,028 | $703K | Add +1.4% |
| SCHB Schwab US Broad Market ETF | 0.14% | 10,053 | $614K | Add +0.2% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.12% | 1,594 | $549K | Reduce -1.3% |
| IWF iShares Russell 1000 Growth | 0.12% | 1,556 | $524K | Reduce -8.3% |
| SCHR Schwab Intermediate-Term US | 0.12% | 10,557 | $518K | Add +7.3% |
| SCHM Schwab US Mid Cap ETF | 0.12% | 6,345 | $517K | Reduce -1.0% |
| SHY iShares 1-3 Year Treasury Bo | 0.10% | 5,598 | $458K | Reduce -81.5% |
| DVY iShares Select Dividend ETF | 0.09% | 3,233 | $398K | Reduce -0.6% |
| VCIT Vanguard Int-Term Corporate | 0.08% | 4,521 | $364K | Add +9.5% |
| NVDA Nvidia Corp. | 0.08% | 400 | $361K | New |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.05% | 8,539 | $216K | Add +4.5% |
Portfolio Sells Q4 2023 → Q1 2024
| IWB iShares Russell 1000 ETF | Sold out | 0.00% | −13.82 |
| EFA iShares MSCI Eafe ETF | Reduce -93.0% | 0.38% | −3.26 |
| IEMG iShares Core MSCI Emerging | Reduce -69.1% | 2.61% | −3.26 |
| EMB iShares JP Morgan Usd Emergi | Sold out | 0.00% | −1.67 |
| IWM iShares Russell 2000 ETF | Sold out | 0.00% | −1.34 |
| AGG iShares Core U.S. Aggregate | Reduce -31.1% | 8.35% | −0.37 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -81.5% | 0.10% | −0.30 |
| IWR iShares Russell Mid-Cap ETF | Sold out | 0.00% | −0.18 |
| AAPL Apple Inc. | Sold out | 0.00% | −0.04 |
| EEM iShares MSCI Emerging Market | Sold out | 0.00% | −0.04 |
| DVY iShares Select Dividend ETF | Reduce -0.6% | 0.09% | +0.03 |
| IWF iShares Russell 1000 Growth | Reduce -8.3% | 0.12% | +0.04 |
| SCHM Schwab US Mid Cap ETF | Reduce -1.0% | 0.12% | +0.04 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -1.3% | 0.12% | +0.04 |
| SCHA Schwab US Small-Cap ETF | Reduce -0.7% | 0.17% | +0.05 |
| SCHX Schwab US Large-Cap ETF | Reduce -6.6% | 0.24% | +0.07 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -3.2% | 0.34% | +0.09 |
| IVV iShares Core S&P 500 ETF | Reduce -31.7% | 11.84% | +0.66 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -0.2% | 3.38% | +1.13 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -0.0% | 3.55% | +1.20 |
| VEA Vanguard Ftse Developed ETF | Reduce 0.0% | 4.64% | +1.49 |
| BND Vanguard Total Bond Market | Reduce -12.9% | 9.20% | +1.61 |
| IJH iShares Core S&P Midcap ETF | Reduce -0.8% | 5.09% | +1.77 |
| VYM Vanguard High DVD Yield ETF | Reduce -2.1% | 8.10% | +2.68 |
| VOO Vanguard S&P 500 ETF | Reduce -3.8% | 10.54% | +3.47 |
Portfolio Buys Q4 2023 → Q1 2024
| IEF iShares 7-10 Year Treasury B | Add +6.5% | 8.59% | +2.75 |
| IEFA iShares Core MSCI Eafe ETF | Add +0.3% | 4.84% | +1.59 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Add +2.8% | 4.31% | +1.34 |
| IJR iShares Core S&P Small-Cap E | Add +0.9% | 4.12% | +1.28 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +1.7% | 2.63% | +0.79 |
| VWO Vanguard Ftse Emerging Marke | Add +2.2% | 2.31% | +0.73 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Add +4.6% | 2.14% | +0.67 |
| IEI iShares 3-7 Year Treasury Bo | Add +4.9% | 0.43% | +0.14 |
| GOVT iShares US Treasury Bond ETF | Add +13.3% | 0.30% | +0.11 |
| SCHZ Schwab US Aggregate Bond ETF | Add +6.8% | 0.26% | +0.09 |
| NVDA Nvidia Corp. | New | 0.08% | +0.08 |
| MUB iShares National Muni Bond E | Add +2.8% | 0.25% | +0.08 |
| SCHO Schwab Short-Term US Treas | Add +4.8% | 0.21% | +0.07 |
| SCHF Schwab Intl Equity ETF | Add +1.4% | 0.16% | +0.05 |
| SCHB Schwab US Broad Market ETF | Add +0.2% | 0.14% | +0.05 |
| SCHR Schwab Intermediate-Term US | Add +7.3% | 0.12% | +0.04 |
| VCIT Vanguard Int-Term Corporate | Add +9.5% | 0.08% | +0.03 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Add +4.5% | 0.05% | +0.02 |
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 |