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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
SCHX icon
1
Schwab US Large- Cap ETF
SCHX
$70.8B
$33.3M 8.51%
2,603,220
+50,214
+2% +$615K
FLOT icon
2
iShares Floating Rate Bond ETF
FLOT
$10.1B
$24.1M 6.15%
472,581
+22,356
+5% +$1.14M
AGG icon
3
iShares Core US Aggregate Bond ETF
AGG
$137B
$23.8M 6.08%
211,732
+8,173
+4% +$921K
SCHZ icon
4
Schwab US Aggregate Bond ETF
SCHZ
$10.5B
$23.6M 6.03%
883,274
+20,278
+2% +$543K
FLRN icon
5
State Street SPDR Bloomberg Investment Grade Floating Rate ETF
FLRN
$3.11B
$19.7M 5.04%
641,987
+29,384
+5% +$903K
IVV icon
6
iShares Core S&P 500 ETF
IVV
$875B
$15.8M 4.03%
48,771
+3,681
+8% +$1.14M
SCHF icon
7
Schwab International Equity ETF
SCHF
$65.7B
$15.6M 3.98%
927,602
+34,888
+4% +$574K
IEFA icon
8
iShares Core MSCI EAFE ETF
IEFA
$185B
$13.4M 3.42%
205,149
+4,614
+2% +$293K
HYG icon
9
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.3B
$12.8M 3.27%
145,757
+8,018
+6% +$698K
SPY icon
10
State Street SPDR S&P 500 ETF Trust
SPY
$777B
$12.4M 3.18%
38,658
+257
+0.7% +$79.1K
IFLN
11
Invesco Bloomberg Enhanced Fallen Angels ETF
IFLN
$305M
$11.3M 2.89%
586,861
+24,205
+4% +$461K
MUB icon
12
iShares National Muni Bond ETF
MUB
$45B
$11.1M 2.84%
97,750
+6,248
+7% +$712K
PCY icon
13
Invesco Emerging Markets Sovereign Debt ETF
PCY
$1.38B
$9.98M 2.55%
337,460
+13,547
+4% +$394K
SCHB icon
14
Schwab US Broad Market ETF
SCHB
$42.7B
$8.99M 2.3%
701,748
+17,154
+3% +$210K
CORP icon
15
PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund
CORP
$1.57B
$8.74M 2.23%
79,500
+1,930
+2% +$211K
EMB icon
16
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$14.9B
$8.68M 2.22%
75,762
+3,749
+5% +$424K
SCHE icon
17
Schwab Emerging Markets Equity ETF
SCHE
$12.4B
$8.24M 2.11%
301,100
+21,617
+8% +$570K
SCHM icon
18
Schwab US Mid-Cap ETF
SCHM
$14.7B
$8.1M 2.07%
403,872
+15,582
+4% +$302K
TFI icon
19
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
$3.05B
$7.81M 2%
154,427
+7,507
+5% +$380K
SPYM
20
State Street SPDR Portfolio S&P 500 ETF
SPYM
$158B
$7.76M 1.98%
205,309
-1,803
-0.9% -$65.2K
SPAB icon
21
State Street SPDR Portfolio Aggregate Bond ETF
SPAB
$9.76B
$7.76M 1.98%
264,026
-141
-0.1% -$4.16K
AIG icon
22
American International
AIG
$41.4B
$7.53M 1.92%
146,677
-17,750
-11% -$940K
ITOT icon
23
iShares Core S&P Total US Stock Market ETF
ITOT
$93.1B
$7.3M 1.86%
100,369
+1,426
+1% +$99.2K
IJH icon
24
iShares Core S&P Mid-Cap ETF
IJH
$122B
$6.62M 1.69%
160,940
+3,915
+2% +$155K
SCHA icon
25
Schwab U.S Small- Cap ETF
SCHA
$22.7B
$6.53M 1.67%
345,388
+17,380
+5% +$314K
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.