Twele Capital Management, Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 10, 2025), Twele Capital Management, Inc. reported 39 stock positions worth $471.6 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 11.6% of the portfolio, followed by Vanguard S&P 500 ETF (VOO, 10.7%) and Vanguard Total Bond Market (BND, 9.5%). Compared with Q4 2024, it sold out of 1, added to 24 and reduced 14. The biggest buy was Vanguard Most SM-Cap ETF-Usd (VB, shares +15%) and the biggest sale iShares Core S&P Small-Cap E (IJR, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- MINNETONKA, MN
- CIK
- 0001411268
- Portfolio Value
- $471.6M (Q1 2025)
- SEC Filing
- 0001411268-25-000004 ↗ filed Apr 10, 2025
Holdings Value
Holdings 39 stocks · $471.6M
| IVV iShares Core S&P 500 ETF | 11.64% | 97,699 | $54.9M | Add +3.8% |
| VOO Vanguard S&P 500 ETF | 10.67% | 97,910 | $50.3M | Add +4.8% |
| BND Vanguard Total Bond Market | 9.53% | 611,603 | $44.9M | Reduce -1.9% |
| IEF iShares 7-10 Year Treasury B | 8.46% | 418,118 | $39.9M | Reduce -4.0% |
| AGG iShares Core U.S. Aggregate | 8.30% | 395,511 | $39.1M | Reduce -2.7% |
| VYM Vanguard High DVD Yield ETF | 7.87% | 287,865 | $37.1M | Reduce -0.1% |
| IEFA iShares Core MSCI Eafe ETF | 4.80% | 298,980 | $22.6M | Reduce -5.5% |
| VEA Vanguard Ftse Developed ETF | 4.74% | 439,635 | $22.3M | Reduce -4.2% |
| IJH iShares Core S&P Midcap ETF | 4.64% | 375,184 | $21.9M | Add +7.7% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 4.10% | 245,000 | $19.3M | Add +0.0% |
| IJR iShares Core S&P Small-Cap E | 3.75% | 169,079 | $17.7M | Reduce -0.1% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 3.69% | 67,245 | $17.4M | Add +0.1% |
| VB Vanguard Most SM-Cap ETF-Usd | 3.48% | 74,041 | $16.4M | Add +14.6% |
| VCSH Vanguard S/T Corp. Bond ETF | 2.75% | 164,077 | $13.0M | Add +0.2% |
| IEMG iShares Core MSCI Emerging | 2.62% | 229,003 | $12.4M | Add +0.1% |
| VWO Vanguard Ftse Emerging Marke | 2.50% | 260,606 | $11.8M | Add +0.3% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 2.19% | 94,860 | $10.3M | Reduce 0.0% |
| GOVT iShares US Treasury Bond ETF | 0.53% | 108,809 | $2.5M | Add +3.2% |
| IEI iShares 3-7 Year Treasury Bo | 0.41% | 16,330 | $1.9M | Add +1.3% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.38% | 35,693 | $1.8M | Reduce -0.1% |
| EFA iShares MSCI Eafe ETF | 0.35% | 20,081 | $1.6M | Reduce -5.2% |
| USHY iShares Broad Usd High Yield | 0.33% | 42,630 | $1.6M | Reduce -0.0% |
| SCHZ Schwab US Aggregate Bond ETF | 0.25% | 51,854 | $1.2M | Add +0.6% |
| SCHX Schwab US Large-Cap ETF | 0.21% | 44,085 | $973K | Add +1.0% |
| SCHO Schwab Short-Term US Treas | 0.21% | 39,812 | $969K | Add +0.8% |
| MUB iShares National Muni Bond E | 0.19% | 8,700 | $917K | Add +1.4% |
| SCHF Schwab Intl Equity ETF | 0.16% | 38,926 | $770K | Add +1.1% |
| SCHA Schwab US Small-Cap ETF | 0.15% | 31,149 | $730K | Add +0.4% |
| AAPL Apple Inc. | 0.13% | 2,839 | $631K | Add +0.1% |
| SCHB Schwab US Broad Market ETF | 0.13% | 29,109 | $627K | Add +0.3% |
| VCIT Vanguard Int-Term Corporate | 0.13% | 7,607 | $622K | Add +8.7% |
| IWF iShares Russell 1000 Growth | 0.12% | 1,553 | $561K | Reduce -0.2% |
| SCHM Schwab US Mid Cap ETF | 0.10% | 18,483 | $484K | Add +0.1% |
| SCHR Schwab Intermediate-Term US | 0.10% | 19,191 | $477K | Add +2.6% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.09% | 1,196 | $444K | Reduce -0.3% |
| SHY iShares 1-3 Year Treasury Bo | 0.09% | 5,336 | $441K | Add +0.8% |
| DVY iShares Select Dividend ETF | 0.09% | 3,063 | $411K | Reduce -0.5% |
| NVDA Nvidia Corp. | 0.06% | 2,668 | $289K | No change |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.06% | 9,867 | $272K | Add +1.4% |
Portfolio Sells Q4 2024 → Q1 2025
| IJR iShares Core S&P Small-Cap E | Reduce -0.1% | 3.75% | −0.38 |
| IEF iShares 7-10 Year Treasury B | Reduce -4.0% | 8.46% | −0.08 |
| AGG iShares Core U.S. Aggregate | Reduce -2.7% | 8.30% | −0.06 |
| EEM iShares MSCI Emerging Market | Sold out | 0.00% | −0.04 |
| IWF iShares Russell 1000 Growth | Reduce -0.2% | 0.12% | −0.01 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -0.3% | 0.09% | −0.01 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -0.1% | 0.38% | −0.00 |
| USHY iShares Broad Usd High Yield | Reduce -0.0% | 0.33% | +0.00 |
| DVY iShares Select Dividend ETF | Reduce -0.5% | 0.09% | +0.00 |
| EFA iShares MSCI Eafe ETF | Reduce -5.2% | 0.35% | +0.01 |
| BND Vanguard Total Bond Market | Reduce -1.9% | 9.53% | +0.02 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Reduce 0.0% | 2.19% | +0.04 |
| VYM Vanguard High DVD Yield ETF | Reduce -0.1% | 7.87% | +0.08 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -5.5% | 4.80% | +0.08 |
| VEA Vanguard Ftse Developed ETF | Reduce -4.2% | 4.74% | +0.09 |
Portfolio Buys Q4 2024 → Q1 2025
| VB Vanguard Most SM-Cap ETF-Usd | Add +14.6% | 3.48% | +0.19 |
| IEMG iShares Core MSCI Emerging | Add +0.1% | 2.62% | +0.09 |
| VWO Vanguard Ftse Emerging Marke | Add +0.3% | 2.50% | +0.07 |
| IJH iShares Core S&P Midcap ETF | Add +7.7% | 4.64% | +0.04 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +0.2% | 2.75% | +0.04 |
| GOVT iShares US Treasury Bond ETF | Add +3.2% | 0.53% | +0.02 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Add +0.0% | 4.10% | +0.01 |
| IEI iShares 3-7 Year Treasury Bo | Add +1.3% | 0.41% | +0.01 |
| VCIT Vanguard Int-Term Corporate | Add +8.7% | 0.13% | +0.01 |
| SCHF Schwab Intl Equity ETF | Add +1.1% | 0.16% | +0.01 |
| SCHZ Schwab US Aggregate Bond ETF | Add +0.6% | 0.25% | +0.01 |
| SCHR Schwab Intermediate-Term US | Add +2.6% | 0.10% | +0.00 |
| SCHO Schwab Short-Term US Treas | Add +0.8% | 0.21% | +0.00 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Add +1.4% | 0.06% | +0.00 |
| SHY iShares 1-3 Year Treasury Bo | Add +0.8% | 0.09% | +0.00 |
| MUB iShares National Muni Bond E | Add +1.4% | 0.19% | +0.00 |
| SCHM Schwab US Mid Cap ETF | Add +0.1% | 0.10% | −0.01 |
| VOO Vanguard S&P 500 ETF | Add +4.8% | 10.67% | −0.01 |
| SCHB Schwab US Broad Market ETF | Add +0.3% | 0.13% | −0.01 |
| SCHX Schwab US Large-Cap ETF | Add +1.0% | 0.21% | −0.01 |
| SCHA Schwab US Small-Cap ETF | Add +0.4% | 0.15% | −0.02 |
| AAPL Apple Inc. | Add +0.1% | 0.13% | −0.02 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +0.1% | 3.69% | −0.07 |
| IVV iShares Core S&P 500 ETF | Add +3.8% | 11.64% | −0.11 |
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 |