Twele Capital Management, Inc.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 14, 2025), Twele Capital Management, Inc. reported 40 stock positions worth $471.7 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 11.7% of the portfolio, followed by Vanguard S&P 500 ETF (VOO, 10.7%) and Vanguard Total Bond Market (BND, 9.5%). Compared with Q3 2024, it added to 27 and reduced 12. The biggest buy was Vngrd Mrngstr MD-Cap ETF-Usd (VO, shares +7%) and the biggest sale iShares Core S&P Midcap ETF (IJH, shares −8%).
- Most Recent 13F
- Q2 2026
- Location
- MINNETONKA, MN
- CIK
- 0001411268
- Portfolio Value
- $471.7M (Q4 2024)
- SEC Filing
- 0001411268-25-000003 ↗ filed Jan 14, 2025
Holdings Value
Holdings 40 stocks · $471.7M
| IVV iShares Core S&P 500 ETF | 11.75% | 94,147 | $55.4M | Reduce -4.7% |
| VOO Vanguard S&P 500 ETF | 10.68% | 93,467 | $50.4M | Reduce -4.9% |
| BND Vanguard Total Bond Market | 9.50% | 623,402 | $44.8M | Add +5.4% |
| IEF iShares 7-10 Year Treasury B | 8.53% | 435,501 | $40.3M | Add +5.7% |
| AGG iShares Core U.S. Aggregate | 8.35% | 406,622 | $39.4M | Add +4.9% |
| VYM Vanguard High DVD Yield ETF | 7.80% | 288,232 | $36.8M | Reduce -1.8% |
| IEFA iShares Core MSCI Eafe ETF | 4.71% | 316,375 | $22.2M | Add +8.2% |
| VEA Vanguard Ftse Developed ETF | 4.65% | 459,018 | $22.0M | Add +12.3% |
| IJH iShares Core S&P Midcap ETF | 4.60% | 348,276 | $21.7M | Reduce -7.7% |
| IJR iShares Core S&P Small-Cap E | 4.13% | 169,235 | $19.5M | Add +0.6% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 4.08% | 244,950 | $19.3M | Add +0.6% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 3.76% | 67,165 | $17.7M | Add +7.3% |
| VB Vanguard Most SM-Cap ETF-Usd | 3.29% | 64,609 | $15.5M | Reduce -0.3% |
| VCSH Vanguard S/T Corp. Bond ETF | 2.71% | 163,729 | $12.8M | Add +3.4% |
| IEMG iShares Core MSCI Emerging | 2.53% | 228,680 | $11.9M | Add +2.4% |
| VWO Vanguard Ftse Emerging Marke | 2.43% | 259,948 | $11.4M | Add +6.2% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 2.15% | 94,864 | $10.1M | Add +7.8% |
| GOVT iShares US Treasury Bond ETF | 0.51% | 105,462 | $2.4M | Add +10.2% |
| IEI iShares 3-7 Year Treasury Bo | 0.40% | 16,124 | $1.9M | Add +2.5% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.38% | 35,715 | $1.8M | Add +2.9% |
| EFA iShares MSCI Eafe ETF | 0.34% | 21,176 | $1.6M | Add +0.2% |
| USHY iShares Broad Usd High Yield | 0.33% | 42,647 | $1.6M | Add +94.3% |
| SCHZ Schwab US Aggregate Bond ETF | 0.25% | 51,555 | $1.2M | Reduce -1.5% |
| SCHX Schwab US Large-Cap ETF | 0.21% | 43,661 | $1.0M | Reduce -9.0% |
| SCHO Schwab Short-Term US Treas | 0.20% | 39,508 | $951K | Add +3.9% |
| MUB iShares National Muni Bond E | 0.19% | 8,577 | $914K | Add +3.6% |
| SCHA Schwab US Small-Cap ETF | 0.17% | 31,017 | $802K | Add +2.4% |
| SCHF Schwab Intl Equity ETF | 0.15% | 38,501 | $712K | Add +4.5% |
| AAPL Apple Inc. | 0.15% | 2,837 | $711K | Reduce -6.9% |
| SCHB Schwab US Broad Market ETF | 0.14% | 29,033 | $659K | Reduce -1.7% |
| IWF iShares Russell 1000 Growth | 0.13% | 1,556 | $625K | No change |
| VCIT Vanguard Int-Term Corporate | 0.12% | 6,999 | $562K | Add +11.9% |
| SCHM Schwab US Mid Cap ETF | 0.11% | 18,470 | $512K | Reduce -2.1% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.10% | 1,200 | $493K | Reduce -0.8% |
| SCHR Schwab Intermediate-Term US | 0.10% | 18,704 | $454K | Add +2.4% |
| SHY iShares 1-3 Year Treasury Bo | 0.09% | 5,296 | $434K | Add +4.2% |
| DVY iShares Select Dividend ETF | 0.09% | 3,078 | $404K | Reduce -3.6% |
| NVDA Nvidia Corp. | 0.08% | 2,668 | $358K | Add +0.0% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.05% | 9,732 | $259K | Add +9.6% |
| EEM iShares MSCI Emerging Market | 0.04% | 4,550 | $190K | Add +1.1% |
Portfolio Sells Q3 2024 → Q4 2024
| IJH iShares Core S&P Midcap ETF | Reduce -7.7% | 4.60% | −0.34 |
| IVV iShares Core S&P 500 ETF | Reduce -4.7% | 11.75% | −0.21 |
| VOO Vanguard S&P 500 ETF | Reduce -4.9% | 10.68% | −0.21 |
| VYM Vanguard High DVD Yield ETF | Reduce -1.8% | 7.80% | −0.10 |
| SCHX Schwab US Large-Cap ETF | Reduce -9.0% | 0.21% | −0.01 |
| SCHZ Schwab US Aggregate Bond ETF | Reduce -1.5% | 0.25% | −0.01 |
| DVY iShares Select Dividend ETF | Reduce -3.6% | 0.09% | −0.00 |
| SCHM Schwab US Mid Cap ETF | Reduce -2.1% | 0.11% | −0.00 |
| AAPL Apple Inc. | Reduce -6.9% | 0.15% | +0.00 |
| SCHB Schwab US Broad Market ETF | Reduce -1.7% | 0.14% | +0.00 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -0.8% | 0.10% | +0.01 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -0.3% | 3.29% | +0.06 |
Portfolio Buys Q3 2024 → Q4 2024
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +7.3% | 3.76% | +0.29 |
| BND Vanguard Total Bond Market | Add +5.4% | 9.50% | +0.17 |
| USHY iShares Broad Usd High Yield | Add +94.3% | 0.33% | +0.16 |
| VEA Vanguard Ftse Developed ETF | Add +12.3% | 4.65% | +0.12 |
| AGG iShares Core U.S. Aggregate | Add +4.9% | 8.35% | +0.12 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +3.4% | 2.71% | +0.07 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Add +7.8% | 2.15% | +0.06 |
| IEF iShares 7-10 Year Treasury B | Add +5.7% | 8.53% | +0.05 |
| GOVT iShares US Treasury Bond ETF | Add +10.2% | 0.51% | +0.04 |
| VCIT Vanguard Int-Term Corporate | Add +11.9% | 0.12% | +0.01 |
| NVDA Nvidia Corp. | Add +0.0% | 0.08% | +0.01 |
| VTEB Vanguard Tax-Exempt Bond ETF | Add +2.9% | 0.38% | +0.01 |
| SCHA Schwab US Small-Cap ETF | Add +2.4% | 0.17% | +0.01 |
| SCHO Schwab Short-Term US Treas | Add +3.9% | 0.20% | +0.01 |
| MUB iShares National Muni Bond E | Add +3.6% | 0.19% | +0.01 |
| IJR iShares Core S&P Small-Cap E | Add +0.6% | 4.13% | +0.00 |
| SHY iShares 1-3 Year Treasury Bo | Add +4.2% | 0.09% | +0.00 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Add +9.6% | 0.05% | +0.00 |
| IEI iShares 3-7 Year Treasury Bo | Add +2.5% | 0.40% | +0.00 |
| SCHR Schwab Intermediate-Term US | Add +2.4% | 0.10% | −0.00 |
| EEM iShares MSCI Emerging Market | Add +1.1% | 0.04% | −0.00 |
| SCHF Schwab Intl Equity ETF | Add +4.5% | 0.15% | −0.01 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Add +0.6% | 4.08% | −0.02 |
| EFA iShares MSCI Eafe ETF | Add +0.2% | 0.34% | −0.03 |
| VWO Vanguard Ftse Emerging Marke | Add +6.2% | 2.43% | −0.03 |
| IEFA iShares Core MSCI Eafe ETF | Add +8.2% | 4.71% | −0.08 |
| IEMG iShares Core MSCI Emerging | Add +2.4% | 2.53% | −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 |