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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
+8.16%
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
$559M
AUM Growth
+$45M
Cap. Flow
+$3.97M
Cap. Flow %
0.71%
Top 10 Hldgs %
50.31%
Holding
107
New
2
Increased
50
Reduced
35
Closed
2

Top Buys

Rank Stock Value
1
HYG icon
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
+$8.12M
2
IVV icon
iShares Core S&P 500 ETF
IVV
+$2.67M
3
FLOT icon
iShares Floating Rate Bond ETF
FLOT
+$1.73M
4
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$1.5M
5
IEFA icon
iShares Core MSCI EAFE ETF
IEFA
+$970K

Top Sells

Rank Stock Value
1
IFLN
Invesco Bloomberg Enhanced Fallen Angels ETF
IFLN
+$9.7M
2
QQQ icon
Invesco QQQ Trust
QQQ
+$1.56M
3
FLRN icon
State Street SPDR Bloomberg Investment Grade Floating Rate ETF
FLRN
+$1.23M
4
SHYG icon
iShares 0-5 Year High Yield Corporate Bond ETF
SHYG
+$1M
5
TFI icon
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
+$867K

Sector Composition

Rank Sector Weight
1 Technology 3.22%
2 Communication Services 0.69%
3 Industrials 0.57%
4 Financials 0.51%
5 Healthcare 0.47%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IVV icon
1
iShares Core S&P 500 ETF
IVV
$875B
$50.9M 9.11%
106,665
+5,975
+6% +$2.67M
SCHX icon
2
Schwab US Large- Cap ETF
SCHX
$70.8B
$43.8M 7.84%
2,330,487
-9,447
-0.4% -$166K
FLOT icon
3
iShares Floating Rate Bond ETF
FLOT
$10.1B
$29.7M 5.32%
587,542
+34,075
+6% +$1.73M
AGG icon
4
iShares Core US Aggregate Bond ETF
AGG
$137B
$28.7M 5.13%
289,164
+15,740
+6% +$1.5M
HYG icon
5
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.3B
$25.5M 4.56%
329,369
+108,907
+49% +$8.12M
SCHZ icon
6
Schwab US Aggregate Bond ETF
SCHZ
$10.5B
$24.4M 4.37%
1,048,170
-21,482
-2% -$481K
FLRN icon
7
State Street SPDR Bloomberg Investment Grade Floating Rate ETF
FLRN
$3.11B
$24M 4.29%
784,802
-40,071
-5% -$1.23M
IEFA icon
8
iShares Core MSCI EAFE ETF
IEFA
$185B
$20.4M 3.65%
289,884
+14,718
+5% +$970K
EMB icon
9
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$14.9B
$18.3M 3.27%
204,980
-1,852
-0.9% -$156K
SCHF icon
10
Schwab International Equity ETF
SCHF
$65.7B
$15.5M 2.77%
836,422
+10,476
+1% +$182K
IJR icon
11
iShares Core S&P Small-Cap ETF
IJR
$109B
$15.2M 2.72%
140,233
+8,284
+6% +$798K
IEMG icon
12
iShares Core MSCI Emerging Markets ETF
IEMG
$152B
$15M 2.68%
295,840
+16,820
+6% +$815K
IJH icon
13
iShares Core S&P Mid-Cap ETF
IJH
$122B
$14.7M 2.63%
265,525
+13,410
+5% +$680K
MUB icon
14
iShares National Muni Bond ETF
MUB
$45B
$12.8M 2.29%
117,879
+1,183
+1% +$124K
SPY icon
15
State Street SPDR S&P 500 ETF Trust
SPY
$777B
$12.7M 2.28%
26,822
+126
+0.5% +$56.1K
AAPL icon
16
Apple
AAPL
$4.72T
$12.5M 2.23%
64,698
+143
+0.2% +$26.4K
SCHE icon
17
Schwab Emerging Markets Equity ETF
SCHE
$12.4B
$12M 2.14%
482,926
-3,860
-0.8% -$92.8K
SCHA icon
18
Schwab U.S Small- Cap ETF
SCHA
$22.7B
$10.6M 1.9%
449,412
+8,250
+2% +$174K
SPYM
19
State Street SPDR Portfolio S&P 500 ETF
SPYM
$158B
$10.6M 1.89%
189,314
+7,229
+4% +$379K
SCHM icon
20
Schwab US Mid-Cap ETF
SCHM
$14.7B
$10.6M 1.89%
420,255
+4,743
+1% +$109K
LQD icon
21
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.7B
$10.1M 1.8%
90,830
+7,054
+8% +$735K
ITOT icon
22
iShares Core S&P Total US Stock Market ETF
ITOT
$93.1B
$9.81M 1.75%
93,214
+3,882
+4% +$380K
SPAB icon
23
State Street SPDR Portfolio Aggregate Bond ETF
SPAB
$9.76B
$9.56M 1.71%
372,920
-7,542
-2% -$186K
SCHB icon
24
Schwab US Broad Market ETF
SCHB
$42.7B
$9.49M 1.7%
511,278
+468
+0.1% +$8.08K
CORP icon
25
PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund
CORP
$1.57B
$8.54M 1.53%
87,842
-2,987
-3% -$276K
1
2 3 4 5

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Towercrest Capital Management's Q4 2023 Portfolio in Review

As of Q4 2023, Towercrest Capital Management held 107 positions worth $559M, up 8.8% from $514M the previous quarter. Its ten largest holdings account for 50% of the portfolio.

Trading was light in Q4 2023: portfolio turnover was 3.7%. Towercrest Capital Management opened 2 new positions and exited 2, leaving the 107-position portfolio largely intact.

By sector, the portfolio is most concentrated in Technology at 3.2% of assets, up from 3.1% a quarter earlier, followed by Communication Services and Industrials.

  • Towercrest Capital Management's largest Q4 2023 buy was State Street Financial Select Sector SPDR ETF: 5,670 shares worth $213K.
  • Towercrest Capital Management added most to iShares iBoxx $ High Yield Corporate Bond ETF in Q4 2023, an estimated $8.12M increase.
  • Towercrest Capital Management's biggest Q4 2023 reduction was Invesco Bloomberg Enhanced Fallen Angels ETF, cutting an estimated $9.7M.
  • Towercrest Capital Management fully exited Philip Morris in Q4 2023, selling an estimated $254K.
  • Towercrest Capital Management's ten largest holdings make up 50% of its $559M portfolio in Q4 2023.
  • Towercrest Capital Management opened 2 new positions and closed 2 in Q4 2023.
  • Towercrest Capital Management's portfolio value rose 8.8% quarter-over-quarter to $559M.

Based on Towercrest Capital Management's 13F filing for Q4 2023, filed 8 Feb 2024.