13F HOLDINGS REPORT

Boltwood Capital Management

Quarter ended Q4 2025 · Filed January 2, 2026 · Accession 0001563690-26-000001

Total Value

$384.6M

Positions

182

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (182)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	SCHWAB STRATEGIC TR	808524805	1,144,813	$27.5M	7.16%
2	FLEXSHARES TR	FLEX	788,682	$19.0M	4.93%
3	ISHARES TR	464288588	130,677	$12.4M	3.24%
4	SPDR INDEX SHS FDS	78463X889	275,270	$12.2M	3.18%
5	FLEXSHARES TR	FLEX	293,872	$12.0M	3.11%
6	ISHARES TR	464288661	98,283	$11.7M	3.05%
7	APPLE INC	AAPL	36,374	$9.9M	2.57%
8	NVIDIA CORPORATION	NVDA	51,519	$9.6M	2.50%
9	MICROSOFT CORP	MSFT	18,290	$8.8M	2.30%
10	ALPHABET INC	GOOG	26,303	$8.2M	2.14%
11	SCHWAB STRATEGIC TR	808524706	241,731	$7.9M	2.06%
12	SELECT SECTOR SPDR TR	81369Y803	54,098	$7.8M	2.03%
13	ISHARES TR	464287507	116,985	$7.7M	2.01%
14	ISHARES TR	464288513	90,035	$7.3M	1.89%
15	ISHARES TR	464287804	56,621	$6.8M	1.77%
16	ISHARES TR	464287457	79,010	$6.5M	1.70%
17	FLEXSHARES TR	FLEX	311,988	$6.5M	1.69%
18	JPMORGAN CHASE & CO.	VYLD	16,852	$5.4M	1.41%
19	FLEXSHARES TR	FLEX	115,703	$5.3M	1.38%
20	SPDR INDEX SHS FDS	78463X509	110,800	$5.2M	1.35%
21	FLEXSHARES TR	FLEX	82,289	$5.0M	1.29%
22	FLEXSHARES TR	FLEX	81,539	$4.8M	1.25%
23	CATERPILLAR INC	CAT	7,846	$4.5M	1.17%
24	ISHARES TR	464288646	82,365	$4.4M	1.13%
25	SPDR SERIES TRUST	78464A383	184,236	$4.1M	1.07%
26	AMAZON COM INC	AMZN	17,433	$4.0M	1.05%
27	FLEXSHARES TR	FLEX	79,316	$3.9M	1.01%
28	CHEVRON CORP NEW	CVX	22,785	$3.5M	0.90%
29	SCHWAB STRATEGIC TR	808524607	114,620	$3.3M	0.85%
30	META PLATFORMS INC	META	4,669	$3.1M	0.80%
31	ISHARES TR	464287465	32,082	$3.1M	0.80%
32	EXXON MOBIL CORP	XOM	25,335	$3.0M	0.79%
33	SELECT SECTOR SPDR TR	81369Y407	25,133	$3.0M	0.78%
34	LOWES COS INC	548661107	12,058	$2.9M	0.76%
35	SELECT SECTOR SPDR TR	81369Y209	18,776	$2.9M	0.76%
36	ISHARES TR	464287440	28,900	$2.8M	0.72%
37	SCHWAB STRATEGIC TR	808524508	90,974	$2.7M	0.71%
38	SCHWAB STRATEGIC TR	808524102	103,306	$2.7M	0.70%
39	SPDR INDEX SHS FDS	78463X541	42,575	$2.6M	0.69%
40	AMERICAN EXPRESS CO	AXP	7,135	$2.6M	0.69%
41	ABBOTT LABS	ABLZF	19,888	$2.5M	0.65%
42	SALESFORCE INC	CRM	9,151	$2.4M	0.63%
43	SELECT SECTOR SPDR TR	81369Y605	44,106	$2.4M	0.63%
44	KLA CORP	KLAC	1,969	$2.4M	0.62%
45	SELECT SECTOR SPDR TR	81369Y852	19,324	$2.3M	0.59%
46	SELECT SECTOR SPDR TR	81369Y704	13,841	$2.1M	0.56%
47	WALMART INC	WMT	18,885	$2.1M	0.55%
48	VANGUARD INTL EQUITY INDEX F	922042775	28,204	$2.1M	0.54%
49	ELI LILLY & CO	LLY	1,885	$2.0M	0.53%
50	INTERCONTINENTAL EXCHANGE IN	45866F104	12,197	$2.0M	0.51%
51	PROCTER AND GAMBLE CO	742718109	13,578	$1.9M	0.51%
52	ORACLE CORP	ORCL-PD	9,931	$1.9M	0.50%
53	SELECT SECTOR SPDR TR	81369Y506	43,097	$1.9M	0.50%
54	SPDR SERIES TRUST	78464A664	72,250	$1.9M	0.50%
55	TJX COS INC NEW	872540109	12,146	$1.9M	0.49%
56	COCA COLA CO	KO	26,358	$1.8M	0.48%
57	ADVANCED MICRO DEVICES INC	AMD	8,231	$1.8M	0.46%
58	ISHARES TR	464287432	19,064	$1.7M	0.43%
59	WELLS FARGO CO NEW	949746101	17,165	$1.6M	0.42%
60	ABBVIE INC	ABBV	6,880	$1.6M	0.41%
61	RTX CORPORATION	RTX	8,545	$1.6M	0.41%
62	FLEXSHARES TR	FLEX	20,073	$1.5M	0.39%
63	DISNEY WALT CO	254687106	12,996	$1.5M	0.38%
64	ALLSTATE CORP	ALL-PJ	7,049	$1.5M	0.38%
65	PFIZER INC	PFE	58,209	$1.4M	0.38%
66	MASTERCARD INCORPORATED	MA	2,457	$1.4M	0.36%
67	COSTCO WHSL CORP NEW	22160K105	1,611	$1.4M	0.36%
68	BLACKSTONE INC	BX	8,937	$1.4M	0.36%
69	ISHARES TR	464288638	24,538	$1.3M	0.34%
70	ISHARES TR	464288158	11,855	$1.3M	0.33%
71	ISHARES TR	46429B747	12,025	$1.2M	0.32%
72	SELECT SECTOR SPDR TR	81369Y308	15,779	$1.2M	0.32%
73	BROADCOM INC	AVGO	3,458	$1.2M	0.31%
74	SPDR INDEX SHS FDS	78463X749	26,245	$1.2M	0.31%
75	SPDR SERIES TRUST	78464A672	40,900	$1.2M	0.31%
76	ISHARES TR	46429B671	17,475	$1.0M	0.27%
77	ISHARES TR	46429B598	19,225	$1.0M	0.27%
78	ISHARES TR	46434V878	20,455	$1.0M	0.27%
79	SPDR SERIES TRUST	78464A367	45,200	$1.0M	0.27%
80	BERKSHIRE HATHAWAY INC DEL	BRK-A	2,026	$1.0M	0.26%
81	VANGUARD INDEX FDS	922908769	3,037	$1.0M	0.26%
82	FRANKLIN TEMPLETON ETF TR	FGDL	42,750	$1.0M	0.26%
83	DANAHER CORPORATION	235851102	4,375	$1.0M	0.26%
84	TAPESTRY INC	TPR	7,663	$979,102	0.25%
85	HOME DEPOT INC	HD	2,840	$977,244	0.25%
86	SELECT SECTOR SPDR TR	81369Y100	21,142	$958,803	0.25%
87	TESLA INC	TSLA	2,120	$953,406	0.25%
88	MICROCHIP TECHNOLOGY INC.	MCHPP	14,479	$922,602	0.24%
89	SELECT SECTOR SPDR TR	81369Y886	21,161	$903,359	0.23%
90	CISCO SYS INC	CSCO	11,675	$899,325	0.23%
91	JOHNSON & JOHNSON	JNJ	4,263	$882,228	0.23%
92	ALPHABET INC	GOOG	2,750	$862,950	0.22%
93	CME GROUP INC	CME	3,120	$852,010	0.22%
94	BOEING CO	BA-PA	3,836	$832,872	0.22%
95	MARSH & MCLENNAN COS INC	571748102	4,473	$829,831	0.22%
96	AUTOMATIC DATA PROCESSING IN	ADP	3,211	$825,966	0.21%
97	ISHARES TR	464288372	13,330	$817,929	0.21%
98	ANALOG DEVICES INC	ADI	2,886	$782,683	0.20%
99	SCHWAB CHARLES CORP	SCHW-PJ	7,781	$777,400	0.20%
100	FRANKLIN TEMPLETON ETF TR	FGDL	12,700	$772,668	0.20%
101	INTERNATIONAL BUSINESS MACHS	INTR	2,590	$767,184	0.20%
102	VANGUARD SPECIALIZED FUNDS	921908844	3,400	$747,252	0.19%
103	PEPSICO INC	PEP	5,181	$743,577	0.19%
104	PALO ALTO NETWORKS INC	PANW	3,938	$725,380	0.19%
105	MONDELEZ INTL INC	609207105	13,089	$704,581	0.18%
106	CVS HEALTH CORP	CVS	8,795	$697,971	0.18%
107	NORFOLK SOUTHN CORP	655844108	2,377	$686,287	0.18%
108	REDDIT INC	RDDT	2,980	$685,013	0.18%
109	BLACKROCK INC	BLK	632	$676,455	0.18%
110	ISHARES TR	464288356	11,705	$672,569	0.17%
111	ADOBE INC	ADBE	1,866	$653,081	0.17%
112	PROLOGIS INC.	PLDGP	5,065	$646,598	0.17%
113	ISHARES TR	464287234	11,798	$645,469	0.17%
114	SELECT SECTOR SPDR TR	81369Y860	15,663	$632,015	0.16%
115	ISHARES INC	46434G772	9,900	$628,947	0.16%
116	MERCK & CO INC	MRK	5,693	$599,245	0.16%
117	ISHARES TR	46435G334	13,500	$593,730	0.15%
118	GSK PLC	GLAXF	12,023	$589,608	0.15%
119	VANGUARD INTL EQUITY INDEX F	922042858	10,938	$588,027	0.15%
120	MCDONALDS CORP	MCD	1,920	$586,810	0.15%
121	CENCORA INC	COR	1,730	$584,308	0.15%
122	NEXTERA ENERGY INC	NEE-PW	7,098	$569,827	0.15%
123	BANK MONTREAL QUE	063671101	4,375	$567,831	0.15%
124	FRANKLIN TEMPLETON ETF TR	FGDL	16,975	$544,049	0.14%
125	JOHNSON CTLS INTL PLC	G51502105	4,305	$515,524	0.13%
126	FREEPORT-MCMORAN INC	FCX	9,937	$504,700	0.13%
127	VANGUARD INDEX FDS	922908553	5,656	$500,499	0.13%
128	AT&T INC	T-PC	19,848	$493,015	0.13%
129	JACOBS SOLUTIONS INC	J	3,465	$458,974	0.12%
130	CITIGROUP INC	C-PR	3,893	$454,274	0.12%
131	ISHARES INC	46434G822	5,625	$454,163	0.12%
132	AMERICAN TOWER CORP NEW	03027X100	2,550	$447,704	0.12%
133	ISHARES INC	464286707	9,650	$434,154	0.11%
134	FRANKLIN TEMPLETON ETF TR	FGDL	12,250	$422,013	0.11%
135	CROWDSTRIKE HLDGS INC	CRWD	880	$412,509	0.11%
136	VANGUARD WORLD FD	92204A702	544	$410,056	0.11%
137	GOLDMAN SACHS GROUP INC	GSCE	455	$399,945	0.10%
138	PAYPAL HLDGS INC	PYPL	6,842	$399,436	0.10%
139	ISHARES INC	464286772	4,000	$388,880	0.10%
140	NETFLIX INC	NFLX	4,100	$384,416	0.10%
141	VANGUARD WORLD FD	92204A884	1,944	$376,417	0.10%
142	EATON CORP PLC	ETN	1,154	$367,561	0.10%
143	ACCENTURE PLC IRELAND	ACN	1,369	$367,303	0.10%
144	ISHARES INC	464286806	8,600	$365,500	0.10%
145	ISHARES INC	464286749	6,075	$364,257	0.09%
146	3M CO	MMM	2,237	$358,144	0.09%
147	MOODYS CORP	MCO	700	$357,595	0.09%
148	GE AEROSPACE	369604301	1,151	$354,543	0.09%
149	ZIMMER BIOMET HOLDINGS INC	ZBH	3,866	$347,631	0.09%
150	ISHARES INC	464286509	6,050	$326,277	0.08%
151	HONEYWELL INTL INC	438516106	1,631	$318,192	0.08%
152	US BANCORP DEL	USB-PS	5,845	$311,889	0.08%
153	PHILIP MORRIS INTL INC	718172109	1,875	$300,750	0.08%
154	ISHARES TR	464288562	3,600	$297,504	0.08%
155	SERVICENOW INC	NOW	1,941	$297,342	0.08%
156	BRISTOL-MYERS SQUIBB CO	CELG-RI	5,205	$280,758	0.07%
157	KKR & CO INC	KKRT	2,182	$278,161	0.07%
158	VANGUARD WORLD FD	92204A108	700	$275,744	0.07%
159	VERIZON COMMUNICATIONS INC	VZ	6,660	$271,262	0.07%
160	CHIPOTLE MEXICAN GRILL INC	CMG	7,325	$271,025	0.07%
161	VANGUARD WORLD FD	92204A405	1,976	$263,776	0.07%
162	INTEL CORP	INTC	7,050	$260,145	0.07%
163	EMERSON ELEC CO	EMR	1,929	$256,017	0.07%
164	UNION PAC CORP	UNP	1,090	$252,139	0.07%
165	ISHARES INC	464286780	3,600	$247,680	0.06%
166	SPDR INDEX SHS FDS	78463X855	3,520	$245,590	0.06%
167	FORTIVE CORP	FTV	4,420	$244,028	0.06%
168	DOMINION ENERGY INC	D	4,105	$240,512	0.06%
169	NUCOR CORP	NUE	1,465	$238,956	0.06%
170	ISHARES TR	464288414	2,190	$234,571	0.06%
171	HALLIBURTON CO	HAL	8,275	$233,852	0.06%
172	MEDTRONIC PLC	MDT	2,415	$231,985	0.06%
173	INTUIT	INTU	349	$231,185	0.06%
174	ASML HOLDING N V	ASMLF	205	$219,321	0.06%
175	VANGUARD WORLD FD	92204A306	1,734	$218,345	0.06%
176	PALANTIR TECHNOLOGIES INC	PLTR	1,225	$217,744	0.06%
177	TRUIST FINL CORP	89832Q109	4,270	$210,127	0.05%
178	ISHARES TR	464287226	2,100	$209,748	0.05%
179	STARBUCKS CORP	SBUX	2,480	$208,841	0.05%
180	VISA INC	V	575	$201,658	0.05%
181	BIOGEN INC	BIIB	1,141	$200,805	0.05%
182	BANCO SANTANDER S.A.	BCDRF	11,000	$129,030	0.03%