Twele Capital Management, Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 9, 2026), Twele Capital Management, Inc. reported 39 stock positions worth $559.6 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, 10.8%) and Vanguard Total Bond Market (BND, 9.8%). Compared with Q3 2025, it added to 27 and reduced 8. The biggest buy was Vanguard Total Bond Market (BND, shares +6%) and the biggest sale Schwab US Broad Market ETF (SCHB, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- MINNETONKA, MN
- CIK
- 0001411268
- Portfolio Value
- $559.6M (Q4 2025)
- SEC Filing
- 0001411268-26-000002 ↗ filed Jan 9, 2026
Holdings Value
Holdings 39 stocks · $559.6M
| IVV iShares Core S&P 500 ETF | 11.71% | 95,681 | $65.5M | Add +1.3% |
| VOO Vanguard S&P 500 ETF | 10.79% | 96,280 | $60.4M | Add +0.4% |
| BND Vanguard Total Bond Market | 9.76% | 737,256 | $54.6M | Add +5.8% |
| IEF iShares 7-10 Year Treasury B | 8.46% | 492,138 | $47.3M | Add +3.9% |
| AGG iShares Core U.S. Aggregate | 8.38% | 469,573 | $46.9M | Add +4.9% |
| VYM Vanguard High DVD Yield ETF | 7.66% | 298,771 | $42.9M | Add +0.7% |
| VEA Vanguard Ftse Developed ETF | 4.79% | 428,789 | $26.8M | Add +0.4% |
| IEFA iShares Core MSCI Eafe ETF | 4.77% | 298,541 | $26.7M | Add +0.7% |
| IJH iShares Core S&P Midcap ETF | 4.54% | 385,100 | $25.4M | Add +2.5% |
| IJR iShares Core S&P Small-Cap E | 3.76% | 174,979 | $21.0M | Add +1.4% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 3.62% | 69,737 | $20.2M | Add +0.9% |
| VB Vanguard Most SM-Cap ETF-Usd | 3.60% | 78,139 | $20.2M | Add +0.5% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 3.54% | 245,743 | $19.8M | Add +0.6% |
| IEMG iShares Core MSCI Emerging | 2.83% | 235,511 | $15.8M | Add +0.1% |
| VCSH Vanguard S/T Corp. Bond ETF | 2.60% | 182,265 | $14.5M | Add +4.1% |
| VWO Vanguard Ftse Emerging Marke | 2.54% | 264,725 | $14.2M | Add +0.3% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 2.04% | 103,421 | $11.4M | Add +1.6% |
| USHY iShares Broad Usd High Yield | 0.71% | 106,605 | $4.0M | Add +14.9% |
| GOVT iShares US Treasury Bond ETF | 0.63% | 153,186 | $3.5M | Add +5.7% |
| IEI iShares 3-7 Year Treasury Bo | 0.36% | 16,739 | $2.0M | Add +3.3% |
| EFA iShares MSCI Eafe ETF | 0.34% | 19,959 | $1.9M | Reduce -0.3% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.32% | 35,369 | $1.8M | Add +50.6% |
| SCHZ Schwab US Aggregate Bond ETF | 0.23% | 54,925 | $1.3M | Add +2.0% |
| MUB iShares National Muni Bond E | 0.21% | 11,213 | $1.2M | Add +1.2% |
| SCHX Schwab US Large-Cap ETF | 0.19% | 40,075 | $1.1M | Reduce -0.8% |
| SCHO Schwab Short-Term US Treas | 0.19% | 43,735 | $1.1M | Add +4.1% |
| VCIT Vanguard Int-Term Corporate | 0.18% | 11,740 | $983K | Add +12.9% |
| SCHF Schwab Intl Equity ETF | 0.16% | 37,730 | $907K | Reduce -0.2% |
| SCHA Schwab US Small-Cap ETF | 0.16% | 31,291 | $891K | Reduce -0.9% |
| IWF iShares Russell 1000 Growth | 0.13% | 1,549 | $733K | No change |
| SCHB Schwab US Broad Market ETF | 0.13% | 27,944 | $733K | Reduce -1.6% |
| AAPL Apple Inc. | 0.12% | 2,556 | $695K | Reduce -3.2% |
| SCHM Schwab US Mid Cap ETF | 0.10% | 18,613 | $560K | No change |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.10% | 1,131 | $552K | Reduce -1.1% |
| SCHR Schwab Intermediate-Term US | 0.09% | 20,866 | $523K | Add +1.9% |
| SHY iShares 1-3 Year Treasury Bo | 0.08% | 5,281 | $437K | Add +6.2% |
| DVY iShares Select Dividend ETF | 0.06% | 2,401 | $339K | No change |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.06% | 10,076 | $330K | Reduce -0.6% |
| NVDA Nvidia Corp. | 0.05% | 1,494 | $279K | No change |
Portfolio Sells Q3 2025 → Q4 2025
| SCHB Schwab US Broad Market ETF | Reduce -1.6% | 0.13% | −0.00 |
| SCHX Schwab US Large-Cap ETF | Reduce -0.8% | 0.19% | −0.00 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Reduce -0.6% | 0.06% | −0.00 |
| SCHA Schwab US Small-Cap ETF | Reduce -0.9% | 0.16% | −0.00 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -1.1% | 0.10% | −0.00 |
| EFA iShares MSCI Eafe ETF | Reduce -0.3% | 0.34% | −0.00 |
| SCHF Schwab Intl Equity ETF | Reduce -0.2% | 0.16% | −0.00 |
| AAPL Apple Inc. | Reduce -3.2% | 0.12% | +0.00 |
Portfolio Buys Q3 2025 → Q4 2025
| BND Vanguard Total Bond Market | Add +5.8% | 9.76% | +0.20 |
| VTEB Vanguard Tax-Exempt Bond ETF | Add +50.6% | 0.32% | +0.10 |
| AGG iShares Core U.S. Aggregate | Add +4.9% | 8.38% | +0.10 |
| USHY iShares Broad Usd High Yield | Add +14.9% | 0.71% | +0.07 |
| VEA Vanguard Ftse Developed ETF | Add +0.4% | 4.79% | +0.06 |
| IVV iShares Core S&P 500 ETF | Add +1.3% | 11.71% | +0.04 |
| IEF iShares 7-10 Year Treasury B | Add +3.9% | 8.46% | +0.02 |
| IJH iShares Core S&P Midcap ETF | Add +2.5% | 4.54% | +0.02 |
| VCIT Vanguard Int-Term Corporate | Add +12.9% | 0.18% | +0.01 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +4.1% | 2.60% | +0.01 |
| GOVT iShares US Treasury Bond ETF | Add +5.7% | 0.63% | +0.01 |
| SHY iShares 1-3 Year Treasury Bo | Add +6.2% | 0.08% | +0.00 |
| SCHO Schwab Short-Term US Treas | Add +4.1% | 0.19% | +0.00 |
| IEI iShares 3-7 Year Treasury Bo | Add +3.3% | 0.36% | −0.00 |
| SCHR Schwab Intermediate-Term US | Add +1.9% | 0.09% | −0.00 |
| MUB iShares National Muni Bond E | Add +1.2% | 0.21% | −0.00 |
| SCHZ Schwab US Aggregate Bond ETF | Add +2.0% | 0.23% | −0.00 |
| IEFA iShares Core MSCI Eafe ETF | Add +0.7% | 4.77% | −0.01 |
| IJR iShares Core S&P Small-Cap E | Add +1.4% | 3.76% | −0.03 |
| IEMG iShares Core MSCI Emerging | Add +0.1% | 2.83% | −0.03 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +0.5% | 3.60% | −0.05 |
| VOO Vanguard S&P 500 ETF | Add +0.4% | 10.79% | −0.05 |
| VYM Vanguard High DVD Yield ETF | Add +0.7% | 7.66% | −0.05 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Add +1.6% | 2.04% | −0.06 |
| VWO Vanguard Ftse Emerging Marke | Add +0.3% | 2.54% | −0.10 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Add +0.6% | 3.54% | −0.12 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +0.9% | 3.62% | −0.13 |
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 |