Twele Capital Management, Inc.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 7, 2026), Twele Capital Management, Inc. reported 39 stock positions worth $560.9 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 11.4% of the portfolio, followed by Vanguard S&P 500 ETF (VOO, 10.5%) and Vanguard Total Bond Market (BND, 9.8%). Compared with Q4 2025, it added to 21 and reduced 15. The biggest buy was iShares Broad Usd High Yield (USHY, shares +27%) and the biggest sale Ishr Ibx Usd Hiyld CB ETF-Ui (HYG, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- MINNETONKA, MN
- CIK
- 0001411268
- Portfolio Value
- $560.9M (Q1 2026)
- SEC Filing
- 0001411268-26-000003 ↗ filed Apr 7, 2026
Holdings Value
Holdings 39 stocks · $560.9M
| IVV iShares Core S&P 500 ETF | 11.42% | 98,082 | $64.1M | Add +2.5% |
| VOO Vanguard S&P 500 ETF | 10.52% | 98,770 | $59.0M | Add +2.6% |
| BND Vanguard Total Bond Market | 9.83% | 748,499 | $55.1M | Add +1.5% |
| IEF iShares 7-10 Year Treasury B | 8.46% | 497,065 | $47.4M | Add +1.0% |
| AGG iShares Core U.S. Aggregate | 8.41% | 475,327 | $47.2M | Add +1.2% |
| VYM Vanguard High DVD Yield ETF | 7.87% | 298,225 | $44.2M | Reduce -0.2% |
| IEFA iShares Core MSCI Eafe ETF | 4.84% | 299,724 | $27.1M | Add +0.4% |
| VEA Vanguard Ftse Developed ETF | 4.74% | 414,535 | $26.6M | Reduce -3.3% |
| IJH iShares Core S&P Midcap ETF | 4.62% | 384,100 | $25.9M | Reduce -0.3% |
| IJR iShares Core S&P Small-Cap E | 3.85% | 173,598 | $21.6M | Reduce -0.8% |
| VB Vanguard Most SM-Cap ETF-Usd | 3.65% | 78,142 | $20.5M | Add +0.0% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 3.60% | 70,303 | $20.2M | Add +0.8% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 3.44% | 242,688 | $19.3M | Reduce -1.2% |
| IEMG iShares Core MSCI Emerging | 2.75% | 221,123 | $15.4M | Reduce -6.1% |
| VCSH Vanguard S/T Corp. Bond ETF | 2.64% | 186,907 | $14.8M | Add +2.5% |
| VWO Vanguard Ftse Emerging Marke | 2.47% | 256,815 | $13.9M | Reduce -3.0% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 2.13% | 109,412 | $11.9M | Add +5.8% |
| USHY iShares Broad Usd High Yield | 0.89% | 135,532 | $5.0M | Add +27.1% |
| GOVT iShares US Treasury Bond ETF | 0.64% | 156,171 | $3.6M | Add +1.9% |
| IEI iShares 3-7 Year Treasury Bo | 0.35% | 16,776 | $2.0M | Add +0.2% |
| EFA iShares MSCI Eafe ETF | 0.33% | 18,978 | $1.8M | Reduce -4.9% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.32% | 36,266 | $1.8M | Add +2.5% |
| SCHZ Schwab US Aggregate Bond ETF | 0.24% | 57,009 | $1.3M | Add +3.8% |
| MUB iShares National Muni Bond E | 0.21% | 11,169 | $1.2M | Reduce -0.4% |
| SCHO Schwab Short-Term US Treas | 0.20% | 45,162 | $1.1M | Add +3.3% |
| SCHX Schwab US Large-Cap ETF | 0.18% | 40,121 | $1.0M | Add +0.1% |
| VCIT Vanguard Int-Term Corporate | 0.18% | 11,945 | $988K | Add +1.8% |
| SCHF Schwab Intl Equity ETF | 0.16% | 37,214 | $921K | Reduce -1.4% |
| SCHA Schwab US Small-Cap ETF | 0.16% | 31,207 | $908K | Reduce -0.3% |
| SCHB Schwab US Broad Market ETF | 0.12% | 27,829 | $699K | Reduce -0.4% |
| IWF iShares Russell 1000 Growth | 0.12% | 1,549 | $660K | No change |
| AAPL Apple Inc. | 0.12% | 2,557 | $649K | Add +0.0% |
| SCHM Schwab US Mid Cap ETF | 0.10% | 18,318 | $567K | Reduce -1.6% |
| SCHR Schwab Intermediate-Term US | 0.09% | 20,977 | $523K | Add +0.5% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.09% | 1,131 | $494K | No change |
| SHY iShares 1-3 Year Treasury Bo | 0.07% | 5,093 | $421K | Reduce -3.6% |
| DVY iShares Select Dividend ETF | 0.06% | 2,383 | $361K | Reduce -0.8% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.06% | 10,117 | $333K | Add +0.4% |
| NVDA Nvidia Corp. | 0.05% | 1,494 | $261K | No change |
Portfolio Sells Q4 2025 → Q1 2026
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Reduce -1.2% | 3.44% | −0.10 |
| IEMG iShares Core MSCI Emerging | Reduce -6.1% | 2.75% | −0.08 |
| VWO Vanguard Ftse Emerging Marke | Reduce -3.0% | 2.47% | −0.07 |
| VEA Vanguard Ftse Developed ETF | Reduce -3.3% | 4.74% | −0.05 |
| EFA iShares MSCI Eafe ETF | Reduce -4.9% | 0.33% | −0.01 |
| SCHB Schwab US Broad Market ETF | Reduce -0.4% | 0.12% | −0.01 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -3.6% | 0.07% | −0.00 |
| MUB iShares National Muni Bond E | Reduce -0.4% | 0.21% | −0.00 |
| SCHM Schwab US Mid Cap ETF | Reduce -1.6% | 0.10% | +0.00 |
| SCHF Schwab Intl Equity ETF | Reduce -1.4% | 0.16% | +0.00 |
| SCHA Schwab US Small-Cap ETF | Reduce -0.3% | 0.16% | +0.00 |
| DVY iShares Select Dividend ETF | Reduce -0.8% | 0.06% | +0.00 |
| IJH iShares Core S&P Midcap ETF | Reduce -0.3% | 4.62% | +0.08 |
| IJR iShares Core S&P Small-Cap E | Reduce -0.8% | 3.85% | +0.09 |
| VYM Vanguard High DVD Yield ETF | Reduce -0.2% | 7.87% | +0.21 |
Portfolio Buys Q4 2025 → Q1 2026
| USHY iShares Broad Usd High Yield | Add +27.1% | 0.89% | +0.18 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Add +5.8% | 2.13% | +0.09 |
| BND Vanguard Total Bond Market | Add +1.5% | 9.83% | +0.07 |
| IEFA iShares Core MSCI Eafe ETF | Add +0.4% | 4.84% | +0.07 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +0.0% | 3.65% | +0.05 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +2.5% | 2.64% | +0.04 |
| AGG iShares Core U.S. Aggregate | Add +1.2% | 8.41% | +0.03 |
| GOVT iShares US Treasury Bond ETF | Add +1.9% | 0.64% | +0.01 |
| SCHZ Schwab US Aggregate Bond ETF | Add +3.8% | 0.24% | +0.01 |
| SCHO Schwab Short-Term US Treas | Add +3.3% | 0.20% | +0.01 |
| VTEB Vanguard Tax-Exempt Bond ETF | Add +2.5% | 0.32% | +0.00 |
| IEF iShares 7-10 Year Treasury B | Add +1.0% | 8.46% | +0.00 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Add +0.4% | 0.06% | +0.00 |
| VCIT Vanguard Int-Term Corporate | Add +1.8% | 0.18% | +0.00 |
| SCHR Schwab Intermediate-Term US | Add +0.5% | 0.09% | −0.00 |
| IEI iShares 3-7 Year Treasury Bo | Add +0.2% | 0.35% | −0.00 |
| AAPL Apple Inc. | Add +0.0% | 0.12% | −0.01 |
| SCHX Schwab US Large-Cap ETF | Add +0.1% | 0.18% | −0.01 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +0.8% | 3.60% | −0.02 |
| VOO Vanguard S&P 500 ETF | Add +2.6% | 10.52% | −0.27 |
| IVV iShares Core S&P 500 ETF | Add +2.5% | 11.42% | −0.29 |
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 |