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TCM

Towercrest Capital Management Portfolio holdings

AUM $642M
1-Year Est. Return 11.71%
This Fund
S&P 500
This Quarter Est. Return
+4.18%
1 Year Est. Return
+11.71%
3 Year Est. Return
+31.42%
5 Year Est. Return
+23.73%
10 Year Est. Return
+78.8%
AUM
$391M
AUM Growth
+$30.9M
Cap. Flow
-$15.9M
Cap. Flow %
-4.05%
Top 10 Hldgs %
49.69%
Holding
81
New
11
Increased
48
Reduced
11
Closed
2

Top Buys

Rank Stock Value
1
VNQ icon
Vanguard Real Estate ETF
VNQ
+$1.64M
2
IVV icon
iShares Core S&P 500 ETF
IVV
+$1.14M
3
FLOT icon
iShares Floating Rate Bond ETF
FLOT
+$1.14M
4
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$921K
5
FLRN icon
State Street SPDR Bloomberg Investment Grade Floating Rate ETF
FLRN
+$903K

Top Sells

Rank Stock Value
1
BRK.A icon
Berkshire Hathaway Class A
BRK.A
+$32.6M
2
AIG icon
American International
AIG
+$940K
3
ADPT icon
Adaptive Biotechnologies
ADPT
+$340K
4
IBM icon
IBM
IBM
+$207K
5
SPYM
State Street SPDR Portfolio S&P 500 ETF
SPYM
+$65.2K

Sector Composition

Rank Sector Weight
1 Financials 3.32%
2 Technology 1.45%
3 Communication Services 0.88%
4 Healthcare 0.62%
5 Consumer Staples 0.3%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IEMG icon
26
iShares Core MSCI Emerging Markets ETF
IEMG
$147B
$6.48M 1.65%
120,510
+7,654
+7% +$394K
LQD icon
27
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.5B
$5.73M 1.46%
44,756
+2,098
+5% +$267K
IJR icon
28
iShares Core S&P Small-Cap ETF
IJR
$110B
$5.47M 1.4%
65,243
+1,649
+3% +$133K
AAPL icon
29
Apple
AAPL
$4.99T
$4.41M 1.13%
60,044
+7,396
+14% +$476K
SPIB icon
30
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
$11.5B
$4.15M 1.06%
117,412
+539
+0.5% +$19K
SPDW icon
31
State Street SPDR Portfolio Developed World ex-US ETF
SPDW
$39.6B
$3.97M 1.01%
126,598
+1,090
+0.9% +$33.2K
SHYG icon
32
iShares 0-5 Year High Yield Corporate Bond ETF
SHYG
$7.61B
$3.77M 0.96%
81,199
+1,334
+2% +$61.6K
JPM icon
33
JPMorgan Chase
JPM
$950B
$3.4M 0.87%
24,351
+591
+2% +$75.8K
SPEM icon
34
State Street SPDR Portfolio Emerging Markets ETF
SPEM
$17B
$2.19M 0.56%
58,323
+2,546
+5% +$91.8K
SPTM icon
35
State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF
SPTM
$13.5B
$2.06M 0.53%
51,647
-294
-0.6% -$11.2K
SPMD icon
36
State Street SPDR Portfolio S&P 400 Mid Cap ETF
SPMD
$18.4B
$1.91M 0.49%
52,716
+286
+0.5% +$9.97K
IBB icon
37
iShares Biotechnology ETF
IBB
$9.55B
$1.76M 0.45%
14,618
-500
-3% -$55.8K
VNQ icon
38
Vanguard Real Estate ETF
VNQ
$40B
$1.64M 0.42%
+17,704
New +$1.64M
SPSM icon
39
State Street SPDR Portfolio S&P 600 Small Cap ETF
SPSM
$17.2B
$1.55M 0.4%
47,569
+941
+2% +$29.4K
T icon
40
AT&T
T
$169B
$1.47M 0.37%
49,624
+7,378
+17% +$213K
IWF icon
41
iShares Russell 1000 Growth ETF
IWF
$119B
$1.32M 0.34%
30,044
– –
META icon
42
Meta Platforms (Facebook)
META
$1.51T
$1.29M 0.33%
6,271
– –
MSFT icon
43
Microsoft
MSFT
$2.92T
$1.28M 0.33%
8,103
+1,644
+25% +$242K
SCHG icon
44
Schwab US Large-Cap Growth ETF
SCHG
$59.1B
$1.2M 0.31%
103,176
-320
-0.3% -$3.53K
SCHD icon
45
Schwab US Dividend Equity ETF
SCHD
$104B
$1.15M 0.29%
59,712
-1,626
-3% -$30.5K
DGRO icon
46
iShares Core Dividend Growth ETF
DGRO
$43.3B
$1.14M 0.29%
27,137
+631
+2% +$25.5K
MRK icon
47
Merck
MRK
$326B
$945K 0.24%
10,889
+3,268
+43% +$268K
JNJ icon
48
Johnson & Johnson
JNJ
$643B
$806K 0.21%
5,525
-12
-0.2% -$1.63K
SCHO icon
49
Schwab Short-Term US Treasury ETF
SCHO
$12.8B
$764K 0.2%
30,268
+1,412
+5% +$35.7K
BRK.B icon
50
Berkshire Hathaway Class B
BRK.B
$1.11T
$683K 0.17%
+3,015
New +$655K
1
2
3 4

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Towercrest Capital Management's Q4 2019 Portfolio in Review

As of Q4 2019, Towercrest Capital Management held 81 positions worth $391M, up 8.6% from $361M the previous quarter. Its ten largest holdings account for 50% of the portfolio.

Towercrest Capital Management withdrew a net $15.9M in Q4 2019, closing 2 positions and reducing 11 holdings. Its most notable exit was Adaptive Biotechnologies, an estimated $340K position sold in full.

By sector, the portfolio is most concentrated in Financials at 3.3% of assets, down from 3.7% a quarter earlier, followed by Technology and Communication Services.

Against the trend, Towercrest Capital Management opened a new position in Vanguard Real Estate ETF worth $1.64M.

  • Towercrest Capital Management's largest Q4 2019 buy was Vanguard Real Estate ETF: 17,704 shares worth $1.64M.
  • Towercrest Capital Management added most to iShares Core S&P 500 ETF in Q4 2019, an estimated $1.14M increase.
  • Towercrest Capital Management's biggest Q4 2019 reduction was Berkshire Hathaway Class A, cutting an estimated $32.6M.
  • Towercrest Capital Management fully exited Adaptive Biotechnologies in Q4 2019, selling an estimated $340K.
  • Towercrest Capital Management's ten largest holdings make up 50% of its $391M portfolio in Q4 2019.
  • Towercrest Capital Management opened 11 new positions and closed 2 in Q4 2019.
  • Towercrest Capital Management's portfolio value rose 8.6% quarter-over-quarter to $391M.

Based on Towercrest Capital Management's 13F filing for Q4 2019, filed 14 Feb 2020.