Towercrest Capital Management

Registered adviser

CIK

1633288

Location

NEWTOWN, PA

Portfolio Value

Small $663,294,956

Diversification

Highly concentrated

Filing Date

Global Rank

#3,110 / 8,827 ▲ 32 · as of Jun 2026

Top Industry

Consumer Electronics 22.5%

Period ended 38 days ago

Filed Oct 23, 2026 · 15d

27 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Nov 1, 2026

Form ADV adviser

CRD 152069

Roster of Nov 1, 2026

Regulatory AUM

$717,601,381

Main clients

Other investment advisers (72% of AUM)

Private funds on Schedule D 7.B.(1)

As filed Oct 22, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

No private funds listed.

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Nov 2026	$717,601,381	Other investment advisers (72%)
Apr 2025 to Mar 2026	$709,747,108	Other investment advisers (75%)
Apr 2024 to Mar 2025	$633,019,384	Other investment advisers (78%)
May 2023 to Mar 2024	$510,454,352	Other investment advisers (79%)
Apr 2023	$510,454,352	Other investment advisers (79%)
Apr 2022 to Mar 2023	$606,770,591	Other investment advisers (79%)

3 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, the newest measured quarter, never from the firm's own description.

Style

Concentrated

The top 10 positions are 94.5% of the book (60%+)

Turnover

Low turnover

7.7% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 25.5 quarters (12+), a floor since 96.2% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 87.0%; sector active share 79.6% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

103 tracked positions · as of Sep 30, 2026 · Δ vs Jun 30, 2026

Top Position

53.9%

−1.2 pts

Top 5

91.3%

+1.1 pts

Top 10

95.3%

+0.8 pts

HHI

3,643

Highly concentrated−50

Portfolio Trend

27 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	92.4%	$612,983,337	53
Technology	3.1%	$20,874,186	13
Consumer Defensive	1.3%	$8,728,311	5
Communication Services	1.1%	$7,148,812	7
Healthcare	0.6%	$4,194,102	5
Financial Services	0.6%	$3,805,200	7
Consumer Cyclical	0.4%	$2,738,265	4
Industrials	0.2%	$1,285,879	5
Utilities	0.1%	$570,395	2
Energy	0.1%	$530,741	1
Basic Materials	0.1%	$435,728	1

Last Quarter's Activity

Export CSV

Sep 30, 2026 vs Jun 30, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
SCHZ	Schwab U.S. Aggregate Bond ETF	+68,335	1,025,067	$22,653,980
FLRN	State Street(R) SPDR(R) Bloomberg Investment Grade Floating Rate ETF	+31,522	573,025	$17,672,091
AGG	iShares Core U.S. Aggregate Bond ETF	+28,402	471,816	$44,605,484
FLOT	iShares Floating Rate Bond ETF	+28,362	555,868	$28,377,061
HYG	iShares iBoxx $ High Yield Corporate Bond ETF	+26,211	507,277	$39,166,857
SPAB	State Street(R) SPDR(R) Portfolio Aggregate Bond ETF	+22,298	413,148	$10,064,285
SPIB	State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF	+18,758	258,871	$8,356,355
LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	+18,373	345,681	$35,321,684
SHYG	iShares 0-5 Year High Yield Corporate Bond ETF	+10,912	186,235	$7,682,193
EMB	iShares J.P. Morgan USD Emerging Markets Bond ETF	+8,498	247,539	$22,486,442
PCY	Invesco Ltd.	+6,547	218,407	$0
MUB	iShares National Muni Bond ETF	+5,794	150,731	$15,238,904
SCHO	Schwab Short-Term U.S. Treasury ETF	+4,617	55,205	$1,317,191
SCHD	Schwab U.S. Dividend Equity ETF	+4,001	183,586	$5,972,052
—		+2,269	58,216	$0
GOOG	Alphabet Inc.	+1,448	7,338	$2,500,350
SHY	iShares 1-3 Year Treasury Bond ETF	+944	22,937	$1,862,484
GOOGL	Alphabet Inc.	+749	5,078	$1,747,238
CORP	PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund	+717	17,424	$1,599,523
SPSB	State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF	+678	9,039	$267,464
AMZN	Amazon Com Inc	+437	5,330	$1,327,969
—		+348	37,655	$0
AAPL	Apple Inc.	+257	33,984	$11,317,351
NFLX	Netflix Inc	+250	3,740	$260,229
V	Visa Inc.	+220	3,017	$1,084,098
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
SCHF	Schwab International Equity ETF	−48,720	741,475	$20,368,318
SCHX	Schwab U.S. Large-Cap ETF	−41,821	2,180,894	$65,426,820
IEMG	iShares Trust	−35,914	309,805	$0
SCHA	Schwab U.S. Small-Cap ETF	−27,702	266,987	$8,711,785
SCHM	Schwab U.S. Mid-Cap ETF	−22,512	341,898	$11,631,369
IEFA	iShares Core MSCI EAFE ETF	−21,588	310,048	$30,037,450
IJH	iShares Core S&P Mid-Cap ETF	−17,031	221,446	$15,933,039
SCHB	Schwab U.S. Broad Market ETF	−13,366	401,136	$11,757,296
IJR	iShares Core S&P Small-Cap ETF	−10,656	94,968	$12,919,446
SPDW	State Street(R) SPDR(R) Portfolio Developed World ex-US ETF	−8,059	109,621	$5,504,070
SPYM	State Street(R) SPDR(R) Portfolio S&P 500(R) ETF	−7,125	166,663	$14,959,670
IVV	iShares Core S&P 500 ETF	−6,593	106,833	$81,818,053
SCHE	Schwab Emerging Markets Equity ETF	−5,517	471,126	$17,172,542
ITOT	iShares Core S&P Total U.S. Stock Market ETF	−5,502	66,610	$11,075,910
SPEM	State Street(R) SPDR(R) Portfolio Emerging Markets ETF	−3,707	113,292	$5,863,993
—		−3,576	39,110	$0
SPMD	State Street(R) SPDR(R) Portfolio S&P 400(TM) Mid Cap ETF	−2,217	41,290	$2,602,921
DGRO	iShares Core Dividend Growth ETF	−1,516	96,159	$7,249,427
SPTM	State Street(R) SPDR(R) Portfolio S&P 1500(R) Composite Stock Market ETF	−1,196	19,546	$1,799,209
IWF	iShares Russell 1000 Growth ETF	−860	27,945	$3,500,390
SPY	Spdr S&P 500 ETF Trust	−744	13,842	$10,556,324
HD	Home Depot, Inc.	−530	1,954	$555,893
NVDA	Nvidia Corp	−478	8,218	$1,876,826
VEU	Vanguard International Equity Index Funds	−476	2,606	$216,219
T	At&T Inc.	−373	28,553	$696,693
No positions match the current search.

New Positions

Positions the filer opened this quarter

1 positions

Ticker	Company	Shares	Value	Open
VO	VANGUARD MID-CAP INDEX FUND	2,624	$205,774
No positions match the current search.

Sold Out

Positions the filer fully exited

6 positions

Ticker	Company	Shares	Value
XOM	ExxonMobil Holdings Corp	2,958	$404,417
VT	VANGUARD TOTAL WORLD STOCK INDEX FUND	2,365	$371,186
FLEX	Flex Ltd.	1,310	$212,311
LRCX	Lam Research Corp	480	$207,998
ROK	Rockwell Automation, Inc	413	$204,468
AMAT	Applied Materials Inc	282	$203,886
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

103 tracked positions · $663,294,956 total · filing declares 105 positions · $699,944,215 · as of Sep 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Technology Utilities

Showing 1–50 of 103 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
IVV	iShares Core S&P 500 ETF	Reduced	106,833	-6,593	$81,818,053	−3.7%	12.34%
SCHX	Schwab U.S. Large-Cap ETF	Reduced	2,180,894	-41,821	$65,426,820	+0.0%	9.86%
AGG	iShares Core U.S. Aggregate Bond ETF	Added	471,816	+28,402	$44,605,484	+1.6%	6.72%
HYG	iShares iBoxx $ High Yield Corporate Bond ETF	Added	507,277	+26,211	$39,166,857	+1.8%	5.90%
LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	Added	345,681	+18,373	$35,321,684	−1.1%	5.33%
IEFA	iShares Core MSCI EAFE ETF	Reduced	310,048	-21,588	$30,037,450	−6.2%	4.53%
FLOT	iShares Floating Rate Bond ETF	Added	555,868	+28,362	$28,377,061	+5.4%	4.28%
SCHZ	Schwab U.S. Aggregate Bond ETF	Added	1,025,067	+68,335	$22,653,980	+2.4%	3.42%
EMB	iShares J.P. Morgan USD Emerging Markets Bond ETF	Added	247,539	+8,498	$22,486,442	−2.5%	3.39%
SCHF	Schwab International Equity ETF	Reduced	741,475	-48,720	$20,368,318	−6.9%	3.07%
FLRN	State Street(R) SPDR(R) Bloomberg Investment Grade Floating Rate ETF	Added	573,025	+31,522	$17,672,091	+5.8%	2.66%
SCHE	Schwab Emerging Markets Equity ETF	Reduced	471,126	-5,517	$17,172,542	−0.6%	2.59%
IJH	iShares Core S&P Mid-Cap ETF	Reduced	221,446	-17,031	$15,933,039	−13.4%	2.40%
MUB	iShares National Muni Bond ETF	Added	150,731	+5,794	$15,238,904	−2.3%	2.30%
SPYM	State Street(R) SPDR(R) Portfolio S&P 500(R) ETF	Reduced	166,663	-7,125	$14,959,670	−2.0%	2.26%
IJR	iShares Core S&P Small-Cap ETF	Reduced	94,968	-10,656	$12,919,446	−17.5%	1.95%
SCHB	Schwab U.S. Broad Market ETF	Reduced	401,136	-13,366	$11,757,296	−2.1%	1.77%
SCHM	Schwab U.S. Mid-Cap ETF	Reduced	341,898	-22,512	$11,631,369	−13.4%	1.75%
AAPL	Apple Inc. Technology	Added	33,984	+257	$11,317,351	+16.0%	1.71%
ITOT	iShares Core S&P Total U.S. Stock Market ETF	Reduced	66,610	-5,502	$11,075,910	−6.5%	1.67%
SPY	Spdr S&P 500 ETF Trust	Reduced	13,842	-744	$10,556,324	−3.1%	1.59%
SPAB	State Street(R) SPDR(R) Portfolio Aggregate Bond ETF	Added	413,148	+22,298	$10,064,285	+0.9%	1.52%
SCHA	Schwab U.S. Small-Cap ETF	Reduced	266,987	-27,702	$8,711,785	−18.2%	1.31%
SPIB	State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF	Added	258,871	+18,758	$8,356,355	+4.0%	1.26%
SHYG	iShares 0-5 Year High Yield Corporate Bond ETF	Added	186,235	+10,912	$7,682,193	+3.3%	1.16%
DGRO	iShares Core Dividend Growth ETF	Reduced	96,159	-1,516	$7,249,427	−2.1%	1.09%
SCHD	Schwab U.S. Dividend Equity ETF	Added	183,586	+4,001	$5,972,052	+4.9%	0.90%
SPEM	State Street(R) SPDR(R) Portfolio Emerging Markets ETF	Reduced	113,292	-3,707	$5,863,993	−3.2%	0.88%
SPDW	State Street(R) SPDR(R) Portfolio Developed World ex-US ETF	Reduced	109,621	-8,059	$5,504,070	−7.2%	0.83%
CL	Colgate Palmolive Co Consumer Defensive	Added	63,892	+1	$5,451,265	−6.9%	0.82%
SCHG	Schwab U.S. Large-Cap Growth ETF	Reduced	102,064	-20	$3,667,159	+6.2%	0.55%
MSFT	Microsoft Corp Technology	Reduced	6,984	-33	$3,582,093	+36.9%	0.54%
IWF	iShares Russell 1000 Growth ETF	Reduced	27,945	-860	$3,500,390	−2.1%	0.53%
SPMD	State Street(R) SPDR(R) Portfolio S&P 400(TM) Mid Cap ETF	Reduced	41,290	-2,217	$2,602,921	−11.4%	0.39%
GOOG	Alphabet Inc. Communication Services	Added	7,338	+1,448	$2,500,350	+20.1%	0.38%
JNJ	Johnson & Johnson Healthcare	Reduced	7,302	-55	$1,933,131	+3.5%	0.29%
QQQ	Invesco Qqq Trust, Series 1	Added	2,608	+20	$1,929,320	+1.2%	0.29%
NVDA	Nvidia Corp Technology	Reduced	8,218	-478	$1,876,826	+7.9%	0.28%
SHY	iShares 1-3 Year Treasury Bond ETF	Added	22,937	+944	$1,862,484	+3.1%	0.28%
SPTM	State Street(R) SPDR(R) Portfolio S&P 1500(R) Composite Stock Market ETF	Reduced	19,546	-1,196	$1,799,209	−4.5%	0.27%
GOOGL	Alphabet Inc. Communication Services	Added	5,078	+749	$1,747,238	+12.9%	0.26%
COKE	Coca-Cola Consolidated, Inc. Consumer Defensive	Held	9,140	0	$1,729,927	−0.9%	0.26%
CORP	PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund	Added	17,424	+717	$1,599,523	−1.2%	0.24%
META	Meta Platforms, Inc. Communication Services	Reduced	1,977	-10	$1,433,680	+28.1%	0.22%
VOO	VANGUARD 500 INDEX FUND	Added	1,950	+74	$1,366,677	+6.1%	0.21%
MRK	Merck & Co., Inc. Healthcare	Held	9,225	0	$1,340,484	+13.1%	0.20%
AMZN	Amazon Com Inc Consumer Cyclical	Added	5,330	+437	$1,327,969	+13.9%	0.20%
SCHO	Schwab Short-Term U.S. Treasury ETF	Added	55,205	+4,617	$1,317,191	+7.9%	0.20%
V	Visa Inc. Financial Services	Added	3,017	+220	$1,084,098	+13.0%	0.16%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	3,276	-336	$1,083,799	−8.3%	0.16%

Showing the top 50 of 103 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.