Institutional Manager · CIK 0001633288

Towercrest Capital Management

NEWTOWN, PA · File #028-16569

Latest AUM

$634.3M

Positions

Top-10 Concentration

57.0%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
ADD	ISHARES TR	464287242	+89,191	+$9.8M	-$195,532
REDUCE	PIMCO ETF TR	72201R817	-90,714	-$8.9M	-$87,397
ADD	ISHARES TR	464288513	+88,971	+$7.2M	-$197,696
REDUCE	INVESCO EXCHNG TRADED FD TR	IVZ	-212,453	-$4.0M	+$4,728
ADD	ISHARES TR	464287226	+37,019	+$3.7M	-$126,628
ADD	ISHARES TR	464287200	+2,588	+$1.8M	+$1.5M
REDUCE	SCHWAB STRATEGIC TR	808524607	-58,345	-$1.7M	+$217,089
REDUCE	ISHARES TR	464287804	-13,120	-$1.6M	+$152,391
REDUCE	SCHWAB STRATEGIC TR	808524839	-45,091	-$1.1M	-$106,398
ADD	ISHARES TR	464288281	+10,830	+$1.0M	+$220,697

Sector Allocation

2.4%$15.4M

1.7%$10.5M

1.0%$6.4M

0.5%$3.1M

Consumer Discretionary

0.4%$2.5M

Communication Services

0.3%$1.8M

Materials

0.1%$380,766

Energy

0.1%$380,720

Industrials

0.1%$338,993

Filing History

Jan 21, 202613F HOLDINGS REPORTQ/E Dec 202598 pos · $634.3M
Oct 24, 202513F HOLDINGS REPORTQ/E Sep 202599 pos · $623.4M
Aug 5, 202513F HOLDINGS REPORTQ/E Jun 202589 pos · $560.2M
May 8, 202513F HOLDINGS REPORTQ/E Mar 202588 pos · $526.3M
Feb 11, 202513F HOLDINGS REPORTQ/E Dec 2024103 pos · $618.7M
Nov 12, 202413F HOLDINGS REPORTQ/E Sep 2024101 pos · $620.5M
Aug 6, 202413F HOLDINGS REPORTQ/E Jun 2024107 pos · $607.6M
May 10, 202413F HOLDINGS REPORTQ/E Mar 2024107 pos · $592.8M
Nov 13, 202313F HOLDINGS REPORTQ/E Dec 2023105 pos · $514.0M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	ISHARES TR	464287200	99,339	$68.1M	11.15%
2	SCHWAB STRATEGIC TR	808524201	2,212,231	$59.5M	9.75%
3	ISHARES TR	464287226	382,609	$38.2M	6.26%
4	ISHARES TR	464288513	442,486	$35.7M	5.85%
5	ISHARES TR	46429B655	562,898	$28.6M	4.69%
6	ISHARES TR	464287242	241,954	$26.7M	4.37%
7	ISHARES TR	46432F842	283,986	$25.4M	4.16%
8	SCHWAB STRATEGIC TR	808524839	1,018,851	$23.8M	3.90%
9	ISHARES TR	46434G103	316,691	$21.3M	3.49%
10	ISHARES TR	464288281	213,349	$20.5M	3.37%
11	SPDR SER TR	78468R200	651,222	$20.0M	3.28%
12	SCHWAB STRATEGIC TR	808524805	810,666	$19.5M	3.19%
13	SCHWAB STRATEGIC TR	808524706	482,441	$15.8M	2.59%
14	ISHARES TR	464287507	220,094	$14.5M	2.38%
15	ISHARES TR	464288414	134,296	$14.4M	2.36%
16	SPDR SERIES TRUST	78464A854	169,228	$13.6M	2.22%
17	ISHARES TR	464287804	97,535	$11.7M	1.92%
18	SCHWAB STRATEGIC TR	808524508	380,277	$11.4M	1.87%
19	SCHWAB STRATEGIC TR	808524102	408,391	$10.7M	1.76%
20	SPDR TR S&P 500 ETF TR	SPY	14,799	$10.1M	1.65%