Twele Capital Management, Inc.
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 11, 2024), Twele Capital Management, Inc. reported 39 stock positions worth $441.1 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 12.2% of the portfolio, followed by Vanguard S&P 500 ETF (VOO, 10.9%) and Vanguard Total Bond Market (BND, 9.2%). Compared with Q1 2024, it opened 2 new positions, added to 12 and reduced 20. The biggest buy was a new position in iShares Broad Usd High Yield (USHY) and the biggest sale Vanguard High DVD Yield ETF (VYM, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- MINNETONKA, MN
- CIK
- 0001411268
- Portfolio Value
- $441.1M (Q2 2024)
- SEC Filing
- 0001411268-24-000006 ↗ filed Jul 11, 2024
Holdings Value
Holdings 39 stocks · $441.1M
| IVV iShares Core S&P 500 ETF | 12.17% | 98,080 | $53.7M | Reduce -1.5% |
| VOO Vanguard S&P 500 ETF | 10.91% | 96,207 | $48.1M | Reduce -0.8% |
| BND Vanguard Total Bond Market | 9.25% | 566,319 | $40.8M | Add +1.1% |
| IEF iShares 7-10 Year Treasury B | 8.55% | 402,839 | $37.7M | Add +0.5% |
| AGG iShares Core U.S. Aggregate | 8.17% | 371,446 | $36.1M | Reduce -1.4% |
| VYM Vanguard High DVD Yield ETF | 7.88% | 292,921 | $34.7M | Reduce -1.0% |
| IJH iShares Core S&P Midcap ETF | 4.90% | 369,367 | $21.6M | Reduce -0.3% |
| IEFA iShares Core MSCI Eafe ETF | 4.73% | 286,985 | $20.8M | Reduce -0.4% |
| VEA Vanguard Ftse Developed ETF | 4.55% | 406,309 | $20.1M | Reduce -0.6% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 4.26% | 243,766 | $18.8M | Reduce -0.5% |
| IJR iShares Core S&P Small-Cap E | 3.98% | 164,546 | $17.6M | Reduce -0.2% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 3.44% | 62,708 | $15.2M | Reduce -0.2% |
| VB Vanguard Most SM-Cap ETF-Usd | 3.21% | 64,853 | $14.1M | Reduce -0.6% |
| VCSH Vanguard S/T Corp. Bond ETF | 2.72% | 155,249 | $12.0M | Add +3.3% |
| IEMG iShares Core MSCI Emerging | 2.67% | 219,979 | $11.8M | Reduce -1.6% |
| VWO Vanguard Ftse Emerging Marke | 2.42% | 244,341 | $10.7M | Reduce -0.1% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 2.11% | 87,036 | $9.3M | No change |
| IEI iShares 3-7 Year Treasury Bo | 0.41% | 15,851 | $1.8M | Reduce -3.4% |
| GOVT iShares US Treasury Bond ETF | 0.40% | 77,744 | $1.8M | Add +34.2% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.38% | 33,820 | $1.7M | Add +13.2% |
| EFA iShares MSCI Eafe ETF | 0.38% | 21,131 | $1.7M | No change |
| SCHZ Schwab US Aggregate Bond ETF | 0.27% | 25,722 | $1.2M | Add +2.8% |
| MUB iShares National Muni Bond E | 0.26% | 10,758 | $1.1M | Add +5.9% |
| SCHX Schwab US Large-Cap ETF | 0.24% | 16,148 | $1.0M | Reduce -3.9% |
| SCHO Schwab Short-Term US Treas | 0.21% | 19,219 | $925K | Add +0.4% |
| SCHA Schwab US Small-Cap ETF | 0.17% | 15,375 | $730K | Reduce -1.3% |
| SCHF Schwab Intl Equity ETF | 0.16% | 18,567 | $713K | Add +3.0% |
| SCHB Schwab US Broad Market ETF | 0.14% | 9,909 | $623K | Reduce -1.4% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.13% | 1,585 | $593K | Reduce -0.6% |
| IWF iShares Russell 1000 Growth | 0.13% | 1,556 | $567K | No change |
| SCHR Schwab Intermediate-Term US | 0.12% | 10,558 | $515K | Add +0.0% |
| USHY iShares Broad Usd High Yield | 0.12% | 14,167 | $514K | New |
| SCHM Schwab US Mid Cap ETF | 0.11% | 6,345 | $494K | No change |
| VCIT Vanguard Int-Term Corporate | 0.10% | 5,448 | $435K | Add +20.5% |
| SHY iShares 1-3 Year Treasury Bo | 0.09% | 5,023 | $410K | Reduce -10.3% |
| DVY iShares Select Dividend ETF | 0.09% | 3,233 | $391K | No change |
| NVDA Nvidia Corp. | 0.07% | 2,667 | $330K | Reduce -33.3% |
| AAPL Apple Inc. | 0.06% | 1,202 | $253K | New |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.05% | 8,959 | $238K | Add +4.9% |
Portfolio Sells Q1 2024 → Q2 2024
| VYM Vanguard High DVD Yield ETF | Reduce -1.0% | 7.88% | −0.22 |
| IJH iShares Core S&P Midcap ETF | Reduce -0.3% | 4.90% | −0.19 |
| AGG iShares Core U.S. Aggregate | Reduce -1.4% | 8.17% | −0.18 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -0.6% | 3.21% | −0.17 |
| IJR iShares Core S&P Small-Cap E | Reduce -0.2% | 3.98% | −0.14 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -0.2% | 3.44% | −0.11 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -0.4% | 4.73% | −0.11 |
| VEA Vanguard Ftse Developed ETF | Reduce -0.6% | 4.55% | −0.09 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Reduce -0.5% | 4.26% | −0.05 |
| IEI iShares 3-7 Year Treasury Bo | Reduce -3.4% | 0.41% | −0.01 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -10.3% | 0.09% | −0.01 |
| SCHA Schwab US Small-Cap ETF | Reduce -1.3% | 0.17% | −0.01 |
| NVDA Nvidia Corp. | Reduce -33.3% | 0.07% | −0.01 |
| SCHX Schwab US Large-Cap ETF | Reduce -3.9% | 0.24% | −0.00 |
| SCHB Schwab US Broad Market ETF | Reduce -1.4% | 0.14% | +0.00 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -0.6% | 0.13% | +0.01 |
| IEMG iShares Core MSCI Emerging | Reduce -1.6% | 2.67% | +0.06 |
| VWO Vanguard Ftse Emerging Marke | Reduce -0.1% | 2.42% | +0.11 |
| IVV iShares Core S&P 500 ETF | Reduce -1.5% | 12.17% | +0.33 |
| VOO Vanguard S&P 500 ETF | Reduce -0.8% | 10.91% | +0.37 |
Portfolio Buys Q1 2024 → Q2 2024
| USHY iShares Broad Usd High Yield | New | 0.12% | +0.12 |
| GOVT iShares US Treasury Bond ETF | Add +34.2% | 0.40% | +0.10 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +3.3% | 2.72% | +0.09 |
| AAPL Apple Inc. | New | 0.06% | +0.06 |
| BND Vanguard Total Bond Market | Add +1.1% | 9.25% | +0.05 |
| VTEB Vanguard Tax-Exempt Bond ETF | Add +13.2% | 0.38% | +0.04 |
| VCIT Vanguard Int-Term Corporate | Add +20.5% | 0.10% | +0.02 |
| MUB iShares National Muni Bond E | Add +5.9% | 0.26% | +0.01 |
| SCHZ Schwab US Aggregate Bond ETF | Add +2.8% | 0.27% | +0.01 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Add +4.9% | 0.05% | +0.01 |
| SCHF Schwab Intl Equity ETF | Add +3.0% | 0.16% | +0.00 |
| SCHO Schwab Short-Term US Treas | Add +0.4% | 0.21% | +0.00 |
| SCHR Schwab Intermediate-Term US | Add +0.0% | 0.12% | −0.00 |
| IEF iShares 7-10 Year Treasury B | Add +0.5% | 8.55% | −0.03 |
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 |