# Boltwood Capital Management

> Institutional holdings reported to the SEC as of Q3 2026 on Form 13F. CIK 1563690. Source: https://holderbook.com/funds/1563690-boltwood-capital-management/

- Reported value: $443.3M
- Positions: 195
- Weight of the ten largest: 33.3%
- Filed: 2026-10-02

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| SCHWAB STRATEGIC TR | [SCHF](https://holderbook.com/stocks/SCHF/) | $30.9M | 1,124,411 | 7.0% | 32 |
| FLEXSHARES TR | [TDTT](https://holderbook.com/stocks/TDTT/) | $20.8M | 894,308 | 4.7% | 18 |
| SPDR INDEX SHS FDS | [SPDW](https://holderbook.com/stocks/SPDW/) | $13.6M | 270,470 | 3.1% | 29 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $13.2M | 39,749 | 3.0% | 32 |
| ISHARES TR | [MBB](https://holderbook.com/stocks/MBB/) | $13.2M | 147,239 | 3.0% | 25 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $13.0M | 56,742 | 2.9% | 23 |
| ISHARES TR | [IEI](https://holderbook.com/stocks/IEI/) | $11.5M | 101,696 | 2.6% | 25 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $11.0M | 55,992 | 2.5% | 32 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $10.6M | 20,630 | 2.4% | 32 |
| SCHWAB STRATEGIC TR | [SCHE](https://holderbook.com/stocks/SCHE/) | $9.8M | 269,370 | 2.2% | 32 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $9.5M | 27,739 | 2.2% | 32 |
| ISHARES TR | [STIP](https://holderbook.com/stocks/STIP/) | $9.4M | 94,575 | 2.1% | 7 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $8.4M | 117,430 | 1.9% | 32 |
| FLEXSHARES TR | [GUNR](https://holderbook.com/stocks/GUNR/) | $7.6M | 144,940 | 1.7% | 26 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $7.6M | 55,771 | 1.7% | 32 |
| ISHARES TR | [SHY](https://holderbook.com/stocks/SHY/) | $7.1M | 88,031 | 1.6% | 12 |
| ISHARES TR | [HYG](https://holderbook.com/stocks/HYG/) | $6.3M | 81,600 | 1.4% | 12 |
| FLEXSHARES TR | [HYGV](https://holderbook.com/stocks/HYGV/) | $6.1M | 158,159 | 1.4% | 25 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $5.8M | 7,190 | 1.3% | 32 |
| SPDR INDEX SHS FDS | [SPEM](https://holderbook.com/stocks/SPEM/) | $5.8M | 112,573 | 1.3% | 29 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $5.6M | 17,071 | 1.3% | 32 |
| FLEXSHARES TR | [NFRA](https://holderbook.com/stocks/NFRA/) | $5.5M | 88,794 | 1.2% | 25 |
| SPDR SERIES TRUST | [SPMB](https://holderbook.com/stocks/SPMB/) | $5.2M | 248,177 | 1.2% | 14 |
| FLEXSHARES TR | [GQRE](https://holderbook.com/stocks/GQRE/) | $5.1M | 85,892 | 1.2% | 25 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $5.0M | 8,205 | 1.1% | 15 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $5.0M | 19,899 | 1.1% | 32 |
| SPDR INDEX SHS FDS | [GNR](https://holderbook.com/stocks/GNR/) | $4.9M | 66,455 | 1.1% | 32 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $4.7M | 22,842 | 1.1% | 32 |
| FLEXSHARES TR | [MBSD](https://holderbook.com/stocks/MBSD/) | $4.5M | 226,215 | 1.0% | 25 |
| ISHARES TR | [IGSB](https://holderbook.com/stocks/IGSB/) | $4.2M | 82,882 | 1.0% | 20 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $4.2M | 25,730 | 0.9% | 32 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $3.9M | 20,203 | 0.9% | 31 |
| SCHWAB STRATEGIC TR | [SCHA](https://holderbook.com/stocks/SCHA/) | $3.8M | 117,680 | 0.9% | 32 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $3.8M | 5,190 | 0.8% | 32 |
| FLEXSHARES TR | [SKOR](https://holderbook.com/stocks/SKOR/) | $3.7M | 78,483 | 0.8% | 25 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $3.4M | 20,147 | 0.8% | 32 |
| SCHWAB STRATEGIC TR | [SCHM](https://holderbook.com/stocks/SCHM/) | $3.3M | 97,571 | 0.7% | 32 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $3.3M | 31,752 | 0.7% | 32 |
| SCHWAB STRATEGIC TR | [SCHB](https://holderbook.com/stocks/SCHB/) | $3.0M | 101,082 | 0.7% | 32 |
| SELECT SECTOR SPDR TR | [XLY](https://holderbook.com/stocks/XLY/) | $2.8M | 26,008 | 0.6% | 32 |
| ISHARES TR | [IEF](https://holderbook.com/stocks/IEF/) | $2.8M | 31,290 | 0.6% | 25 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $2.6M | 42,968 | 0.6% | 25 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $2.5M | 45,956 | 0.6% | 32 |
| SELECT SECTOR SPDR TR | [XLC](https://holderbook.com/stocks/XLC/) | $2.4M | 21,617 | 0.5% | 32 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $2.3M | 14,033 | 0.5% | 32 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $2.3M | 27,344 | 0.5% | 32 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $2.2M | 25,756 | 0.5% | 32 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $2.2M | 9,499 | 0.5% | 32 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $2.2M | 1,860 | 0.5% | 28 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $2.1M | 11,664 | 0.5% | 32 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $2.1M | 7,040 | 0.5% | 32 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $2.1M | 20,090 | 0.5% | 32 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $2.1M | 5,911 | 0.5% | 10 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $2.0M | 13,906 | 0.5% | 32 |
| SPDR SERIES TRUST | [SPTL](https://holderbook.com/stocks/SPTL/) | $2.0M | 83,755 | 0.5% | 23 |
| SPDR INDEX SHS FDS | [RWO](https://holderbook.com/stocks/RWO/) | $1.8M | 39,785 | 0.4% | 12 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $1.8M | 18,518 | 0.4% | 32 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $1.8M | 6,910 | 0.4% | 32 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $1.7M | 9,353 | 0.4% | 25 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $1.7M | 59,489 | 0.4% | 32 |
| ISHARES INC | [EWT](https://holderbook.com/stocks/EWT/) | $1.7M | 14,950 | 0.4% | 14 |
| ISHARES TR | [SUB](https://holderbook.com/stocks/SUB/) | $1.7M | 16,015 | 0.4% | 32 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $1.7M | 12,526 | 0.4% | 32 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $1.6M | 4,123 | 0.4% | 18 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $1.6M | 2,935 | 0.4% | 17 |
| INTERCONTINENTAL EXCHANGE IN | [ICE](https://holderbook.com/stocks/ICE/) | $1.6M | 10,625 | 0.4% | 32 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $1.6M | 1,748 | 0.4% | 20 |
| FRANKLIN TEMPLETON ETF TR | [FLTW](https://holderbook.com/stocks/FLTW/) | $1.6M | 14,525 | 0.4% | 11 |
| ALLSTATE CORP | [ALL](https://holderbook.com/stocks/ALL/) | $1.5M | 6,904 | 0.3% | 32 |
| FRANKLIN TEMPLETON ETF TR | [FLKR](https://holderbook.com/stocks/FLKR/) | $1.5M | 25,025 | 0.3% | 7 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $1.4M | 10,435 | 0.3% | 32 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $1.4M | 13,395 | 0.3% | 32 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $1.4M | 17,465 | 0.3% | 32 |
| FLEXSHARES TR | [RAVI](https://holderbook.com/stocks/RAVI/) | $1.4M | 18,358 | 0.3% | 24 |
| ISHARES TR | [TLT](https://holderbook.com/stocks/TLT/) | $1.4M | 17,709 | 0.3% | 25 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $1.3M | 12,281 | 0.3% | 16 |
| ISHARES TR | [IGIB](https://holderbook.com/stocks/IGIB/) | $1.3M | 26,120 | 0.3% | 32 |
| SELECT SECTOR SPDR TR | [XLP](https://holderbook.com/stocks/XLP/) | $1.3M | 16,280 | 0.3% | 32 |
| ISHARES TR | [MCHI](https://holderbook.com/stocks/MCHI/) | $1.3M | 24,465 | 0.3% | 15 |
| ISHARES TR | [IGF](https://holderbook.com/stocks/IGF/) | $1.3M | 20,465 | 0.3% | 10 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $1.3M | 4,733 | 0.3% | 32 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $1.2M | 2,935 | 0.3% | 16 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $1.1M | 3,305 | 0.3% | 15 |
| SPDR SERIES TRUST | [SPTI](https://holderbook.com/stocks/SPTI/) | $1.1M | 41,010 | 0.3% | 12 |
| FRANKLIN TEMPLETON ETF TR | [FLCH](https://holderbook.com/stocks/FLCH/) | $1.1M | 53,550 | 0.2% | 13 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $1.1M | 2,958 | 0.2% | 32 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $1.1M | 3,119 | 0.2% | 15 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $1.1M | 2,146 | 0.2% | 32 |
| MICROCHIP TECHNOLOGY INC. | [MCHP](https://holderbook.com/stocks/MCHP/) | $1.1M | 13,644 | 0.2% | 32 |
| ISHARES TR | [ICSH](https://holderbook.com/stocks/ICSH/) | $1.0M | 20,600 | 0.2% | 18 |
| BLACKSTONE INC | [BX](https://holderbook.com/stocks/BX/) | $1.0M | 9,221 | 0.2% | 19 |
| ISHARES INC | [EWJ](https://holderbook.com/stocks/EWJ/) | $1.0M | 10,275 | 0.2% | 12 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $985.9K | 4,450 | 0.2% | 32 |
| SELECT SECTOR SPDR TR | [XLB](https://holderbook.com/stocks/XLB/) | $967.5K | 19,867 | 0.2% | 32 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $914.7K | 3,455 | 0.2% | 12 |
| ISHARES INC | [EWY](https://holderbook.com/stocks/EWY/) | $908.4K | 4,970 | 0.2% | 6 |
| SPDR SERIES TRUST | [SPLB](https://holderbook.com/stocks/SPLB/) | $907.9K | 44,550 | 0.2% | 12 |
| ISHARES TR | [EWU](https://holderbook.com/stocks/EWU/) | $882.9K | 18,975 | 0.2% | 11 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $868.7K | 5,978 | 0.2% | 32 |
| TAPESTRY INC | [TPR](https://holderbook.com/stocks/TPR/) | $864.2K | 7,512 | 0.2% | 30 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +8.6% | +14.8% | -6.2% | 100% |
| Q1 2026 | -0.5% | -4.6% | +4.1% | 100% |
| Q4 2025 | +1.5% | +2.4% | -0.9% | 100% |
| Q3 2025 | +5.5% | +7.8% | -2.3% | 100% |
| Q2 2025 | +6.5% | +10.5% | -3.9% | 100% |
| Q1 2025 | +0.0% | -4.6% | +4.6% | 100% |
| Q4 2024 | -3.1% | +2.1% | -5.2% | 100% |
| Q3 2024 | +5.4% | +5.4% | +0.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2026 | $443.3M | 195 |
| Q2 2026 | $436.4M | 192 |
| Q1 2026 | $392.1M | 184 |
| Q4 2025 | $384.6M | 182 |
| Q3 2025 | $375.7M | 178 |
| Q2 2025 | $351.8M | 172 |
| Q1 2025 | $328.9M | 170 |
| Q4 2024 | $328.2M | 170 |
| Q3 2024 | $337.4M | 174 |
| Q2 2024 | $320.1M | 166 |
| Q1 2024 | $322.8M | 169 |
| Q4 2023 | $301.9M | 165 |