Twele Capital Management, Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 8, 2025), Twele Capital Management, Inc. reported 39 stock positions worth $504.0 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, 11.0%) and Vanguard Total Bond Market (BND, 9.5%). Compared with Q1 2025, it added to 21 and reduced 16. The biggest buy was iShares Core MSCI Emerging (IEMG, shares +2%) and the biggest sale Ishr Ibx Usd Hiyld CB ETF-Ui (HYG, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- MINNETONKA, MN
- CIK
- 0001411268
- Portfolio Value
- $504.0M (Q2 2025)
- SEC Filing
- 0001411268-25-000006 ↗ filed Jul 8, 2025
Holdings Value
Holdings 39 stocks · $504.0M
| IVV iShares Core S&P 500 ETF | 11.82% | 95,961 | $59.6M | Reduce -1.8% |
| VOO Vanguard S&P 500 ETF | 10.97% | 97,348 | $55.3M | Reduce -0.6% |
| BND Vanguard Total Bond Market | 9.49% | 649,370 | $47.8M | Add +6.2% |
| IEF iShares 7-10 Year Treasury B | 8.29% | 436,409 | $41.8M | Add +4.4% |
| AGG iShares Core U.S. Aggregate | 8.19% | 416,153 | $41.3M | Add +5.2% |
| VYM Vanguard High DVD Yield ETF | 7.70% | 291,113 | $38.8M | Add +1.1% |
| IEFA iShares Core MSCI Eafe ETF | 4.84% | 292,510 | $24.4M | Reduce -2.2% |
| VEA Vanguard Ftse Developed ETF | 4.79% | 423,541 | $24.1M | Reduce -3.7% |
| IJH iShares Core S&P Midcap ETF | 4.62% | 375,474 | $23.3M | Add +0.1% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 3.90% | 243,867 | $19.7M | Reduce -0.5% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 3.79% | 68,228 | $19.1M | Add +1.5% |
| IJR iShares Core S&P Small-Cap E | 3.69% | 170,180 | $18.6M | Add +0.7% |
| VB Vanguard Most SM-Cap ETF-Usd | 3.62% | 76,939 | $18.2M | Add +3.9% |
| IEMG iShares Core MSCI Emerging | 2.78% | 233,755 | $14.0M | Add +2.1% |
| VCSH Vanguard S/T Corp. Bond ETF | 2.60% | 164,675 | $13.1M | Add +0.4% |
| VWO Vanguard Ftse Emerging Marke | 2.57% | 262,298 | $13.0M | Add +0.7% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 2.10% | 96,690 | $10.6M | Add +1.9% |
| GOVT iShares US Treasury Bond ETF | 0.58% | 126,643 | $2.9M | Add +16.4% |
| IEI iShares 3-7 Year Treasury Bo | 0.38% | 16,185 | $1.9M | Reduce -0.9% |
| EFA iShares MSCI Eafe ETF | 0.35% | 20,012 | $1.8M | Reduce -0.3% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.34% | 34,648 | $1.7M | Reduce -2.9% |
| USHY iShares Broad Usd High Yield | 0.32% | 42,630 | $1.6M | No change |
| SCHZ Schwab US Aggregate Bond ETF | 0.24% | 51,142 | $1.2M | Reduce -1.4% |
| SCHX Schwab US Large-Cap ETF | 0.21% | 42,321 | $1.0M | Reduce -4.0% |
| SCHO Schwab Short-Term US Treas | 0.20% | 41,837 | $1.0M | Add +5.1% |
| MUB iShares National Muni Bond E | 0.19% | 9,193 | $961K | Add +5.7% |
| SCHF Schwab Intl Equity ETF | 0.17% | 38,367 | $848K | Reduce -1.4% |
| SCHA Schwab US Small-Cap ETF | 0.16% | 31,989 | $809K | Add +2.7% |
| VCIT Vanguard Int-Term Corporate | 0.16% | 9,443 | $783K | Add +24.1% |
| SCHB Schwab US Broad Market ETF | 0.14% | 29,174 | $695K | Add +0.2% |
| IWF iShares Russell 1000 Growth | 0.13% | 1,553 | $659K | No change |
| AAPL Apple Inc. | 0.11% | 2,640 | $542K | Reduce -7.0% |
| SCHM Schwab US Mid Cap ETF | 0.10% | 18,648 | $523K | Add +0.9% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.10% | 1,174 | $515K | Reduce -1.8% |
| SCHR Schwab Intermediate-Term US | 0.10% | 19,561 | $490K | Add +1.9% |
| SHY iShares 1-3 Year Treasury Bo | 0.08% | 4,975 | $412K | Reduce -6.8% |
| DVY iShares Select Dividend ETF | 0.08% | 2,894 | $384K | Reduce -5.5% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.06% | 10,140 | $306K | Add +2.8% |
| NVDA Nvidia Corp. | 0.04% | 1,334 | $211K | Reduce -50.0% |
Portfolio Sells Q1 2025 → Q2 2025
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Reduce -0.5% | 3.90% | −0.20 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -2.9% | 0.34% | −0.04 |
| IEI iShares 3-7 Year Treasury Bo | Reduce -0.9% | 0.38% | −0.03 |
| AAPL Apple Inc. | Reduce -7.0% | 0.11% | −0.03 |
| NVDA Nvidia Corp. | Reduce -50.0% | 0.04% | −0.02 |
| SCHZ Schwab US Aggregate Bond ETF | Reduce -1.4% | 0.24% | −0.02 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -6.8% | 0.08% | −0.01 |
| DVY iShares Select Dividend ETF | Reduce -5.5% | 0.08% | −0.01 |
| SCHX Schwab US Large-Cap ETF | Reduce -4.0% | 0.21% | −0.00 |
| SCHF Schwab Intl Equity ETF | Reduce -1.4% | 0.17% | +0.01 |
| EFA iShares MSCI Eafe ETF | Reduce -0.3% | 0.35% | +0.01 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -1.8% | 0.10% | +0.01 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -2.2% | 4.84% | +0.05 |
| VEA Vanguard Ftse Developed ETF | Reduce -3.7% | 4.79% | +0.05 |
| IVV iShares Core S&P 500 ETF | Reduce -1.8% | 11.82% | +0.18 |
| VOO Vanguard S&P 500 ETF | Reduce -0.6% | 10.97% | +0.30 |
Portfolio Buys Q1 2025 → Q2 2025
| IEMG iShares Core MSCI Emerging | Add +2.1% | 2.78% | +0.16 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +3.9% | 3.62% | +0.14 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +1.5% | 3.79% | +0.10 |
| VWO Vanguard Ftse Emerging Marke | Add +0.7% | 2.57% | +0.07 |
| GOVT iShares US Treasury Bond ETF | Add +16.4% | 0.58% | +0.05 |
| VCIT Vanguard Int-Term Corporate | Add +24.1% | 0.16% | +0.02 |
| SCHA Schwab US Small-Cap ETF | Add +2.7% | 0.16% | +0.01 |
| SCHB Schwab US Broad Market ETF | Add +0.2% | 0.14% | +0.01 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Add +2.8% | 0.06% | +0.00 |
| SCHM Schwab US Mid Cap ETF | Add +0.9% | 0.10% | +0.00 |
| SCHO Schwab Short-Term US Treas | Add +5.1% | 0.20% | −0.00 |
| MUB iShares National Muni Bond E | Add +5.7% | 0.19% | −0.00 |
| SCHR Schwab Intermediate-Term US | Add +1.9% | 0.10% | −0.00 |
| IJH iShares Core S&P Midcap ETF | Add +0.1% | 4.62% | −0.02 |
| BND Vanguard Total Bond Market | Add +6.2% | 9.49% | −0.04 |
| IJR iShares Core S&P Small-Cap E | Add +0.7% | 3.69% | −0.06 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Add +1.9% | 2.10% | −0.08 |
| AGG iShares Core U.S. Aggregate | Add +5.2% | 8.19% | −0.11 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +0.4% | 2.60% | −0.15 |
| IEF iShares 7-10 Year Treasury B | Add +4.4% | 8.29% | −0.16 |
| VYM Vanguard High DVD Yield ETF | Add +1.1% | 7.70% | −0.17 |
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 |