13F HOLDINGS REPORT

Boltwood Capital Management

Quarter ended Q3 2025 · Filed October 6, 2025 · Accession 0001563690-25-000008

Total Value

$351.8M

Positions

178

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (178)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	SCHWAB STRATEGIC TR	808524805	1,145,575	$26.7M	7.10%
2	FLEXSHARES TR	FLEX	739,131	$18.0M	4.79%
3	ISHARES TR	464288588	128,790	$12.3M	3.26%
4	SPDR INDEX SHS FDS	78463X889	276,625	$11.8M	3.15%
5	FLEXSHARES TR	FLEX	285,024	$11.7M	3.13%
6	ISHARES TR	464288661	95,803	$11.4M	3.05%
7	NVIDIA CORPORATION	NVDA	51,553	$9.6M	2.56%
8	MICROSOFT CORP	MSFT	18,133	$9.4M	2.50%
9	APPLE INC	AAPL	36,394	$9.3M	2.47%
10	SCHWAB STRATEGIC TR	808524706	241,952	$8.1M	2.15%
11	SELECT SECTOR SPDR TR	81369Y803	26,900	$7.6M	2.02%
12	ISHARES TR	464287507	115,520	$7.5M	2.01%
13	ISHARES TR	464288513	87,966	$7.1M	1.90%
14	FLEXSHARES TR	FLEX	335,253	$7.0M	1.86%
15	ISHARES TR	464287804	56,116	$6.7M	1.78%
16	ISHARES TR	464287457	76,696	$6.4M	1.69%
17	ALPHABET INC	GOOG	25,996	$6.3M	1.68%
18	JPMORGAN CHASE & CO.	VYLD	16,951	$5.3M	1.42%
19	SPDR INDEX SHS FDS	78463X509	110,910	$5.2M	1.38%
20	FLEXSHARES TR	FLEX	117,197	$5.1M	1.37%
21	FLEXSHARES TR	FLEX	81,066	$5.1M	1.36%
22	FLEXSHARES TR	FLEX	79,262	$4.8M	1.29%
23	ISHARES TR	464288646	80,389	$4.3M	1.13%
24	FLEXSHARES TR	FLEX	78,949	$3.9M	1.04%
25	CATERPILLAR INC	CAT	7,961	$3.8M	1.01%
26	AMAZON COM INC	AMZN	17,116	$3.8M	1.00%
27	CHEVRON CORP NEW	CVX	22,755	$3.5M	0.94%
28	SPDR SERIES TRUST	78464A383	156,679	$3.5M	0.94%
29	META PLATFORMS INC	META	4,596	$3.4M	0.90%
30	SCHWAB STRATEGIC TR	808524607	113,375	$3.2M	0.84%
31	LOWES COS INC	548661107	12,210	$3.1M	0.82%
32	SELECT SECTOR SPDR TR	81369Y407	12,516	$3.0M	0.80%
33	ISHARES TR	464287465	32,117	$3.0M	0.80%
34	ABBOTT LABS	ABLZF	21,665	$2.9M	0.77%
35	EXXON MOBIL CORP	XOM	25,325	$2.9M	0.76%
36	ORACLE CORP	ORCL-PD	10,025	$2.8M	0.75%
37	ISHARES TR	464287440	28,498	$2.7M	0.73%
38	SCHWAB STRATEGIC TR	808524102	105,750	$2.7M	0.72%
39	SPDR INDEX SHS FDS	78463X541	44,800	$2.7M	0.71%
40	SCHWAB STRATEGIC TR	808524508	88,764	$2.6M	0.70%
41	SELECT SECTOR SPDR TR	81369Y209	18,539	$2.6M	0.69%
42	AMERICAN EXPRESS CO	AXP	7,233	$2.4M	0.64%
43	SELECT SECTOR SPDR TR	81369Y605	43,512	$2.3M	0.62%
44	SELECT SECTOR SPDR TR	81369Y852	18,730	$2.2M	0.59%
45	SALESFORCE INC	CRM	9,236	$2.2M	0.58%
46	PROCTER AND GAMBLE CO	742718109	13,811	$2.1M	0.56%
47	SELECT SECTOR SPDR TR	81369Y704	13,687	$2.1M	0.56%
48	INTERCONTINENTAL EXCHANGE IN	45866F104	12,505	$2.1M	0.56%
49	KLA CORP	KLAC	1,953	$2.1M	0.56%
50	VANGUARD INTL EQUITY INDEX F	922042775	29,179	$2.1M	0.55%
51	WALMART INC	WMT	19,439	$2.0M	0.53%
52	SELECT SECTOR SPDR TR	81369Y506	21,739	$1.9M	0.52%
53	SPDR SERIES TRUST	78464A664	72,030	$1.9M	0.52%
54	TJX COS INC NEW	872540109	12,298	$1.8M	0.47%
55	COCA COLA CO	KO	26,318	$1.7M	0.46%
56	ABBVIE INC	ABBV	6,896	$1.6M	0.43%
57	ISHARES TR	464287432	17,585	$1.6M	0.42%
58	FLEXSHARES TR	FLEX	20,473	$1.5M	0.41%
59	DISNEY WALT CO	254687106	13,430	$1.5M	0.41%
60	ALLSTATE CORP	ALL-PJ	7,154	$1.5M	0.41%
61	BLACKSTONE INC	BX	8,944	$1.5M	0.41%
62	PFIZER INC	PFE	58,274	$1.5M	0.40%
63	ELI LILLY & CO	LLY	1,933	$1.5M	0.39%
64	WELLS FARGO CO NEW	949746101	17,210	$1.4M	0.38%
65	COSTCO WHSL CORP NEW	22160K105	1,558	$1.4M	0.38%
66	RTX CORPORATION	RTX	8,502	$1.4M	0.38%
67	MASTERCARD INCORPORATED	MA	2,481	$1.4M	0.38%
68	ADVANCED MICRO DEVICES INC	AMD	8,118	$1.3M	0.35%
69	ISHARES TR	464288638	23,903	$1.3M	0.34%
70	SELECT SECTOR SPDR TR	81369Y308	15,670	$1.2M	0.33%
71	ISHARES TR	464288158	11,435	$1.2M	0.33%
72	SPDR SERIES TRUST	78464A672	40,900	$1.2M	0.31%
73	ISHARES TR	46429B671	17,350	$1.1M	0.30%
74	SPDR INDEX SHS FDS	78463X749	24,840	$1.1M	0.30%
75	HOME DEPOT INC	HD	2,760	$1.1M	0.30%
76	BROADCOM INC	AVGO	3,379	$1.1M	0.30%
77	FRANKLIN TEMPLETON ETF TR	FGDL	42,550	$1.1M	0.29%
78	ISHARES TR	46434V878	21,000	$1.1M	0.28%
79	SPDR SERIES TRUST	78464A367	45,750	$1.1M	0.28%
80	BERKSHIRE HATHAWAY INC DEL	BRK-A	2,059	$1.0M	0.28%
81	VANGUARD INDEX FDS	922908769	3,134	$1.0M	0.27%
82	ISHARES TR	46429B598	19,425	$1.0M	0.27%
83	SELECT SECTOR SPDR TR	81369Y100	11,025	$988,087	0.26%
84	ISHARES TR	46429B747	9,500	$981,920	0.26%
85	MICROCHIP TECHNOLOGY INC.	MCHPP	14,939	$959,383	0.26%
86	AUTOMATIC DATA PROCESSING IN	ADP	3,206	$940,961	0.25%
87	TESLA INC	TSLA	2,095	$931,688	0.25%
88	SELECT SECTOR SPDR TR	81369Y886	10,531	$918,401	0.24%
89	TAPESTRY INC	TPR	8,093	$916,289	0.24%
90	MARSH & MCLENNAN COS INC	571748102	4,527	$912,326	0.24%
91	DANAHER CORPORATION	235851102	4,390	$870,361	0.23%
92	MONDELEZ INTL INC	609207105	13,673	$854,152	0.23%
93	CME GROUP INC	CME	3,115	$841,642	0.22%
94	PALO ALTO NETWORKS INC	PANW	3,957	$805,724	0.21%
95	CISCO SYS INC	CSCO	11,715	$801,540	0.21%
96	BOEING CO	BA-PA	3,691	$796,629	0.21%
97	ISHARES TR	464288372	12,810	$782,947	0.21%
98	JOHNSON & JOHNSON	JNJ	4,209	$780,433	0.21%
99	BLACKROCK INC	BLK	664	$774,138	0.21%
100	SCHWAB CHARLES CORP	SCHW-PJ	7,851	$749,535	0.20%
101	FRANKLIN TEMPLETON ETF TR	FGDL	12,650	$742,935	0.20%
102	INTERNATIONAL BUSINESS MACHS	INTR	2,610	$736,438	0.20%
103	VANGUARD SPECIALIZED FUNDS	921908844	3,407	$735,197	0.20%
104	NORFOLK SOUTHN CORP	655844108	2,445	$734,502	0.20%
105	PEPSICO INC	PEP	5,206	$731,131	0.19%
106	ANALOG DEVICES INC	ADI	2,852	$700,736	0.19%
107	HONEYWELL INTL INC	438516106	3,276	$689,598	0.18%
108	REDDIT INC	RDDT	2,980	$685,370	0.18%
109	SELECT SECTOR SPDR TR	81369Y860	16,130	$679,570	0.18%
110	ADOBE INC	ADBE	1,894	$668,109	0.18%
111	ALPHABET INC	GOOG	2,710	$660,021	0.18%
112	CVS HEALTH CORP	CVS	8,730	$658,155	0.18%
113	ISHARES TR	464287234	11,873	$634,018	0.17%
114	ISHARES TR	464288356	10,900	$621,736	0.17%
115	ISHARES INC	46434G772	9,650	$613,933	0.16%
116	VANGUARD INTL EQUITY INDEX F	922042858	10,938	$592,621	0.16%
117	MCDONALDS CORP	MCD	1,911	$580,734	0.15%
118	PROLOGIS INC.	PLDGP	5,050	$578,326	0.15%
119	BANK MONTREAL QUE	063671101	4,375	$569,844	0.15%
120	AT&T INC	T-PC	20,128	$568,404	0.15%
121	NEXTERA ENERGY INC	NEE-PW	7,251	$547,378	0.15%
122	CENCORA INC	COR	1,748	$546,302	0.15%
123	ISHARES TR	46435G334	12,800	$537,216	0.14%
124	GSK PLC	GLAXF	12,038	$519,560	0.14%
125	JACOBS SOLUTIONS INC	J	3,465	$519,265	0.14%
126	VANGUARD INDEX FDS	922908553	5,656	$517,072	0.14%
127	AMERICAN TOWER CORP NEW	03027X100	2,620	$503,878	0.13%
128	JOHNSON CTLS INTL PLC	G51502105	4,578	$503,351	0.13%
129	CHIPOTLE MEXICAN GRILL INC	CMG	12,780	$500,848	0.13%
130	MERCK & CO INC	MRK	5,753	$482,849	0.13%
131	PAYPAL HLDGS INC	PYPL	7,125	$477,803	0.13%
132	COMCAST CORP NEW	CCZ	14,618	$459,298	0.12%
133	FRANKLIN TEMPLETON ETF TR	FGDL	16,775	$452,757	0.12%
134	CROWDSTRIKE HLDGS INC	CRWD	905	$443,794	0.12%
135	FRANKLIN TEMPLETON ETF TR	FGDL	12,200	$421,632	0.11%
136	ISHARES INC	46434G822	5,225	$419,097	0.11%
137	ISHARES INC	464286707	9,350	$410,746	0.11%
138	VANGUARD WORLD FD	92204A702	547	$408,407	0.11%
139	FREEPORT-MCMORAN INC	FCX	10,297	$403,848	0.11%
140	EATON CORP PLC	ETN	1,072	$401,196	0.11%
141	CITIGROUP INC	C-PR	3,795	$385,193	0.10%
142	VANGUARD WORLD FD	92204A884	1,997	$374,897	0.10%
143	ACCENTURE PLC IRELAND	ACN	1,500	$369,900	0.10%
144	ZIMMER BIOMET HOLDINGS INC	ZBH	3,722	$366,617	0.10%
145	GOLDMAN SACHS GROUP INC	GSCE	450	$358,358	0.10%
146	GE AEROSPACE	369604301	1,161	$349,252	0.09%
147	3M CO	MMM	2,237	$347,138	0.09%
148	ISHARES INC	464286806	8,300	$345,363	0.09%
149	MOODYS CORP	MCO	720	$343,066	0.09%
150	NETFLIX INC	NFLX	280	$335,698	0.09%
151	SERVICENOW INC	NOW	364	$334,982	0.09%
152	ISHARES INC	464286749	5,875	$324,535	0.09%
153	ISHARES INC	464286772	4,000	$320,400	0.09%
154	ISHARES TR	464288562	3,600	$305,892	0.08%
155	PHILIP MORRIS INTL INC	718172109	1,875	$304,125	0.08%
156	VERIZON COMMUNICATIONS INC	VZ	6,610	$290,510	0.08%
157	US BANCORP DEL	USB-PS	5,945	$287,322	0.08%
158	ISHARES INC	464286509	5,625	$284,344	0.08%
159	VANGUARD WORLD FD	92204A108	700	$277,305	0.07%
160	VANGUARD WORLD FD	92204A405	2,001	$262,611	0.07%
161	UNION PAC CORP	UNP	1,090	$257,643	0.07%
162	DOMINION ENERGY INC	D	4,105	$251,103	0.07%
163	SPDR INDEX SHS FDS	78463X855	3,520	$244,957	0.07%
164	BRISTOL-MYERS SQUIBB CO	CELG-RI	5,410	$243,991	0.06%
165	CARRIER GLOBAL CORPORATION	CARR	4,051	$241,845	0.06%
166	INTEL CORP	INTC	7,000	$234,850	0.06%
167	ISHARES INC	464286780	3,600	$230,760	0.06%
168	VANGUARD WORLD FD	92204A306	1,769	$222,646	0.06%
169	HALLIBURTON CO	HAL	8,960	$220,416	0.06%
170	PALANTIR TECHNOLOGIES INC	PLTR	1,200	$218,904	0.06%
171	FORTIVE CORP	FTV	4,380	$214,576	0.06%
172	ISHARES TR	464287226	2,100	$210,525	0.06%
173	NIKE INC	NKE	3,000	$209,190	0.06%
174	STARBUCKS CORP	SBUX	2,470	$208,962	0.06%
175	TRUIST FINL CORP	89832Q109	4,510	$206,197	0.05%
176	VANGUARD WORLD FD	92204A801	985	$201,787	0.05%
177	ISHARES TR	464288414	1,889	$201,160	0.05%
178	BANCO SANTANDER S.A.	BCDRF	11,000	$115,280	0.03%