# Towercrest Capital Management

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1633288. Source: https://holderbook.com/funds/1633288-towercrest-capital-management/

- Reported value: $717.4M
- Positions: 110
- Weight of the ten largest: 55.9%
- Filed: 2026-08-03

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 |
|---|---|---|---|---|---|
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $84.9M | 113,426 | 11.8% | 31 |
| SCHWAB STRATEGIC TR | [SCHX](https://holderbook.com/stocks/SCHX/) | $65.4M | 2,222,715 | 9.1% | 31 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $43.9M | 443,414 | 6.1% | 31 |
| ISHARES TR | [HYG](https://holderbook.com/stocks/HYG/) | $38.5M | 481,066 | 5.4% | 30 |
| ISHARES TR | [LQD](https://holderbook.com/stocks/LQD/) | $35.7M | 327,308 | 5.0% | 31 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $32.0M | 331,636 | 4.5% | 31 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $28.6M | 345,719 | 4.0% | 31 |
| ISHARES TR | [FLOT](https://holderbook.com/stocks/FLOT/) | $26.9M | 527,506 | 3.8% | 31 |
| ISHARES TR | [EMB](https://holderbook.com/stocks/EMB/) | $23.1M | 239,041 | 3.2% | 31 |
| SCHWAB STRATEGIC TR | [SCHZ](https://holderbook.com/stocks/SCHZ/) | $22.1M | 956,732 | 3.1% | 31 |
| SCHWAB STRATEGIC TR | [SCHF](https://holderbook.com/stocks/SCHF/) | $21.9M | 790,195 | 3.1% | 31 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $18.4M | 238,477 | 2.6% | 31 |
| SCHWAB STRATEGIC TR | [SCHE](https://holderbook.com/stocks/SCHE/) | $17.3M | 476,643 | 2.4% | 31 |
| SPDR SERIES TRUST | [FLRN](https://holderbook.com/stocks/FLRN/) | $16.7M | 541,503 | 2.3% | 31 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $15.7M | 105,624 | 2.2% | 31 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $15.6M | 144,937 | 2.2% | 31 |
| SPDR SERIES TRUST | [SPYM](https://holderbook.com/stocks/SPYM/) | $15.3M | 173,788 | 2.1% | 31 |
| SCHWAB STRATEGIC TR | [SCHM](https://holderbook.com/stocks/SCHM/) | $13.4M | 364,410 | 1.9% | 31 |
| SCHWAB STRATEGIC TR | [SCHB](https://holderbook.com/stocks/SCHB/) | $12.0M | 414,502 | 1.7% | 31 |
| ISHARES TR | [ITOT](https://holderbook.com/stocks/ITOT/) | $11.8M | 72,112 | 1.7% | 31 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $10.9M | 14,586 | 1.5% | 31 |
| SCHWAB STRATEGIC TR | [SCHA](https://holderbook.com/stocks/SCHA/) | $10.6M | 294,689 | 1.5% | 31 |
| SPDR SERIES TRUST | [SPAB](https://holderbook.com/stocks/SPAB/) | $10.0M | 390,850 | 1.4% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $9.8M | 33,727 | 1.4% | 31 |
| SPDR SERIES TRUST | [SPIB](https://holderbook.com/stocks/SPIB/) | $8.0M | 240,113 | 1.1% | 31 |
| ISHARES TR | [SHYG](https://holderbook.com/stocks/SHYG/) | $7.4M | 175,323 | 1.0% | 31 |
| ISHARES TR | [DGRO](https://holderbook.com/stocks/DGRO/) | $7.4M | 97,675 | 1.0% | 31 |
| SPDR INDEX SHS FDS | [SPEM](https://holderbook.com/stocks/SPEM/) | $6.1M | 116,999 | 0.8% | 31 |
| SPDR INDEX SHS FDS | [SPDW](https://holderbook.com/stocks/SPDW/) | $5.9M | 117,680 | 0.8% | 31 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $5.9M | 63,891 | 0.8% | 31 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $5.7M | 179,585 | 0.8% | 31 |
| INVESCO EXCH TRADED FD TR II | [PCY](https://holderbook.com/stocks/PCY/) | $4.6M | 211,860 | 0.6% | 31 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $3.6M | 28,805 | 0.5% | 31 |
| SCHWAB STRATEGIC TR | [SCHG](https://holderbook.com/stocks/SCHG/) | $3.5M | 102,084 | 0.5% | 31 |
| SPDR SERIES TRUST | [SPMD](https://holderbook.com/stocks/SPMD/) | $2.9M | 43,507 | 0.4% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $2.6M | 7,017 | 0.4% | 31 |
| SPDR SERIES TRUST | [TFI](https://holderbook.com/stocks/TFI/) | $2.6M | 55,947 | 0.4% | 31 |
| SPDR SERIES TRUST | [SPSM](https://holderbook.com/stocks/SPSM/) | $2.5M | 42,686 | 0.3% | 31 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $2.1M | 5,890 | 0.3% | 14 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $1.9M | 2,588 | 0.3% | 21 |
| SPDR SERIES TRUST | [SPTM](https://holderbook.com/stocks/SPTM/) | $1.9M | 20,742 | 0.3% | 31 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $1.9M | 7,357 | 0.3% | 31 |
| ISHARES TR | [SHY](https://holderbook.com/stocks/SHY/) | $1.8M | 21,993 | 0.3% | 31 |
| SPDR SERIES TRUST | [SPYD](https://holderbook.com/stocks/SPYD/) | $1.8M | 37,307 | 0.2% | 31 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $1.7M | 8,696 | 0.2% | 14 |
| PIMCO ETF TR | [CORP](https://holderbook.com/stocks/CORP/) | $1.6M | 16,707 | 0.2% | 31 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $1.5M | 4,329 | 0.2% | 31 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $1.5M | 6,989 | 0.2% | 20 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $1.3M | 1,876 | 0.2% | 15 |
| SCHWAB STRATEGIC TR | [SCHO](https://holderbook.com/stocks/SCHO/) | $1.2M | 50,588 | 0.2% | 31 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $1.2M | 9,225 | 0.2% | 31 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $1.2M | 3,612 | 0.2% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $1.2M | 4,893 | 0.2% | 26 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $1.2M | 9,791 | 0.2% | 23 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $1.1M | 1,987 | 0.2% | 31 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $959.6K | 2,797 | 0.1% | 30 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $876.1K | 2,484 | 0.1% | 25 |
| SCHWAB STRATEGIC TR | [SCHV](https://holderbook.com/stocks/SCHV/) | $842.8K | 24,210 | 0.1% | 31 |
| COCA COLA CONS INC | [COKE](https://holderbook.com/stocks/COKE/) | $742.8K | 9,140 | 0.1% | 29 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $733.6K | 12,875 | 0.1% | 31 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $674.5K | 6,601 | 0.1% | 2 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $648.5K | 2,741 | 0.1% | 21 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $625.9K | 1,691 | 0.1% | 21 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $614.9K | 2,187 | 0.1% | 13 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $598.8K | 28,926 | 0.1% | 31 |
| FIDELITY MERRIMACK STR TR | [FBND](https://holderbook.com/stocks/FBND/) | $574.8K | 12,636 | 0.1% | 17 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $565.1K | 1,496 | 0.1% | 4 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $529.6K | 2,185 | 0.1% | 31 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $498.7K | 4,403 | 0.1% | 13 |
| DIMENSIONAL ETF TRUST | [DFUS](https://holderbook.com/stocks/DFUS/) | $468.8K | 5,721 | 0.1% | 21 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $463.4K | 893 | 0.1% | 4 |
| SANDISK CORP | [SNDK](https://holderbook.com/stocks/SNDK/) | $443.4K | 195 | 0.1% | 1 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $430.8K | 2,599 | 0.1% | 23 |
| TRANE TECHNOLOGIES PLC | [TT](https://holderbook.com/stocks/TT/) | $427.8K | 871 | 0.1% | 3 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $411.3K | 2,939 | 0.1% | 5 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $404.4K | 2,958 | 0.1% | 1 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $388.1K | 2,648 | 0.1% | 13 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $376.6K | 314 | 0.1% | 4 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $376.0K | 1,006 | 0.1% | 4 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $374.5K | 4,347 | 0.1% | 14 |
| WESTERN DIGITAL CORP | [WDC](https://holderbook.com/stocks/WDC/) | $374.3K | 586 | 0.1% | 1 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $373.7K | 4,257 | 0.1% | 24 |
| VANGUARD INTL EQUITY INDEX F | [VT](https://holderbook.com/stocks/VT/) | $371.2K | 2,365 | 0.1% | 13 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $360.1K | 385 | 0.1% | 10 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $354.8K | 709 | 0.0% | 4 |
| ISHARES TR | [IWP](https://holderbook.com/stocks/IWP/) | $345.5K | 2,360 | 0.0% | 13 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $323.1K | 275 | 0.0% | 2 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $320.0K | 770 | 0.0% | 5 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $310.4K | 650 | 0.0% | 2 |
| PUBLIC SVC ENTERPRISE GROUP | [PEG](https://holderbook.com/stocks/PEG/) | $296.4K | 3,652 | 0.0% | 24 |
| DELL TECHNOLOGIES INC | [DELL](https://holderbook.com/stocks/DELL/) | $290.8K | 674 | 0.0% | 1 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $282.3K | 3,924 | 0.0% | 8 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $265.9K | 1,904 | 0.0% | 1 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $258.1K | 3,082 | 0.0% | 2 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $255.2K | 10,599 | 0.0% | 1 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $253.1K | 5,978 | 0.0% | 8 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $249.2K | 3,490 | 0.0% | 7 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $245.0K | 1,513 | 0.0% | 2 |
| SPDR SERIES TRUST | [SPSB](https://holderbook.com/stocks/SPSB/) | $242.6K | 8,361 | 0.0% | 26 |
| ISHARES TR | [AMCA](https://holderbook.com/stocks/AMCA/) | $241.6K | 590 | 0.0% | 25 |

## 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 | +8.4% | +14.8% | -6.4% | 100% |
| Q1 2026 | -1.3% | -4.6% | +3.3% | 100% |
| Q4 2025 | +1.2% | +2.4% | -1.2% | 100% |
| Q3 2025 | +5.2% | +7.8% | -2.6% | 100% |
| Q2 2025 | +5.6% | +10.5% | -4.8% | 100% |
| Q1 2025 | -1.4% | -4.6% | +3.1% | 100% |
| Q4 2024 | -1.7% | +2.1% | -3.9% | 100% |
| Q3 2024 | +5.2% | +5.4% | -0.2% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $717.4M | 110 |
| Q1 2026 | $641.8M | 103 |
| Q4 2025 | $634.3M | 98 |
| Q3 2025 | $623.4M | 99 |
| Q2 2025 | $560.2M | 89 |
| Q1 2025 | $526.3M | 88 |
| Q4 2024 | $618.7M | 103 |
| Q3 2024 | $620.5M | 101 |
| Q2 2024 | $607.6M | 107 |
| Q1 2024 | $592.8M | 107 |
| Q4 2023 | $559.0M | 105 |
| Q3 2023 | $514.0M | 105 |