Towercrest Capital Management

Q4 2025 13F-HR Holdings

Location
Newtown, PA
Holdings as of
12/31/2025
Date filed
1/21/2026
Form type
13F-HR
Num holdings
98
Total value ($000)
$634,263
Net value change ($000)
+10,875 (1.7%)
New positions
2
Sold out positions
3
Turnover %
0.2%
Sector allocation + QoQ delta (equities-only)
Prev filing: 10/24/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
LQD 9,632 56.6%
HYG 6,976 24.3%
AGG 3,571 10.3%
IVV 3,311 5.1%
IEFA 1,361 5.7%
EMB 1,263 6.6%
SHYG 603 9.4%
MUB 572 4.1%
QQQ 565 40.5%
IJH 508 3.6%
Top Reduces (Value $000, Stocks/ETFs)
CORP -8,964 -80.0%
IFLN -3,947 -91.1%
SCHA -1,444 -13.8%
IJR -1,425 -10.8%
SCHE -1,170 -6.9%
SCHZ -1,160 -4.6%
PCY -622 -10.6%
FLRN -520 -2.5%
TFI -338 -9.3%
SPSM -324 -13.8%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type