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Twele Capital Management, Inc. Holdings Report (Q3 2026) — 13F Stock Portfolio
Twele Capital Management, Inc.CIK: 0001411268
Sector-focusedMomentum followerDiversified strategy
Total reported value
$604.8M
Reporting period: 2026-09-30 · Number of holdings: 39
Twele Capital Management, Inc. disclosed 39 holdings in its latest 13F filing for the period ending 2026-09-30, with total reported value of $604.8M and a quarterly turnover rate of 2.3%.
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Personality snowflake
- Concentration
- 27.83
- Portfolio Stability
- 2.28
- Momentum
- 100
- Sector conviction
- 100
- Diversification
- 78
- Sizing Uniformity
- 86.74
Twele Capital Management, Inc.'s disclosed holdings carry a Herfindahl concentration index of 0.070 — mathematically equivalent to about 14 equally-sized positions, well below its 39 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.33), with a handful of outsized bets alongside many smaller positions.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 3.7 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Sector classification currently covers about 0% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd VOO
+0.1% $1.4M
Trim IJH
-0.4% -$2.1M
Trim IJR
+0.2% -$2.0M
Add IVV
-1.5% $500.5K
Trim VB
+0.6% -$1.3M
Add BND
+4.8% $108.0K
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 11.61% | +0.22% | -1.51% | |
| 2 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 11.11% | +0.36% | +0.05% | |
| 3 | BND | Vanguard Total Bond Market | ETF-Other | 9.81% | +0.14% | +4.84% | |
| 4 | AGG | Ishares Core U.s. Aggregate | ETF-Other | 8.43% | +0.10% | +4.58% | |
| 5 | IEF | Ishares 7-10 Year Treasury B | ETF-Gov Bonds | 8.30% | -0.07% | +3.70% | |
| 6 | VYM | Vanguard High Dvd Yield ETF | ETF-Other | 7.57% | +0.01% | +0.66% | |
| 7 | IEFA | Ishares Core Msci Eafe ETF | ETF-Other | 4.89% | +0.08% | +0.13% | |
| 8 | VEA | Vanguard Ftse Developed ETF | ETF-Other | 4.71% | — | -0.20% | |
| 9 | IJH | Ishares Core S&p Midcap ETF | ETF-Other | 4.49% | -0.28% | -0.42% | |
| 10 | IJR | Ishares Core S&p Small-cap E | ETF-Small Cap | 3.74% | -0.28% | +0.22% | |
| 11 | VO | Vanguard Mid-cap ETF | ETF-Other | 3.71% | +0.01% | +1.75% | |
| 12 | VB | Vanguard Small-cap ETF | ETF-Other | 3.62% | -0.16% | +0.61% | |
| 13 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | ETF-High Yield | 3.09% | -0.07% | -0.01% | |
| 14 | IEMG | Ishares Core Msci Emerging | ETF-Emerging Markets | 2.77% | -0.01% | +0.34% | |
| 15 | VCSH | Vanguard S/t CORP Bond ETF | ETF-Corp Bonds | 2.64% | +0.05% | +3.11% | |
| 16 | VWO | Vanguard Ftse Emerging Marke | ETF-Emerging Markets | 2.50% | +0.03% | +0.43% | |
| 17 | LQD | Ishr Ibx Usd Invgd Cb Etf-ui | ETF-Corp Bonds | 2.02% | -0.08% | +1.65% | |
| 18 | USHY | Ishares Broad Usd High Yield | ETF-High Yield | 1.17% | +0.04% | +6.41% | |
| 19 | GOVT | Ishares US Treasury Bond ETF | ETF-Gov Bonds | 0.66% | -0.04% | -2.73% | |
| 20 | EFA | Ishares Msci Eafe ETF | ETF-Other | 0.32% | — | -0.05% | |
| 21 | VTEB | Vanguard Tax-exempt Bond ETF | ETF-Other | 0.32% | +0.11% | +57.27% | |
| 22 | IEI | Ishares 3-7 Year Treasury Bo | ETF-Gov Bonds | 0.29% | -0.03% | -6.21% | |
| 23 | SCHZ | Schwab US Aggregate Bond ETF | ETF-Other | 0.22% | -0.01% | +1.40% | |
| 24 | MUB | Ishares National Muni Bond E | ETF-Other | 0.21% | -0.08% | -26.07% | |
| 25 | VCIT | Vanguard Int-term Corporate | ETF-Corp Bonds | 0.20% | -0.01% | +2.19% | |
| 26 | SCHX | Schwab US Large-cap ETF | ETF-Other | 0.19% | +0.01% | -1.02% | |
| 27 | SCHO | Schwab Short-term US Treas | ETF-Other | 0.18% | — | +1.60% | |
| 28 | SCHA | Schwab US Small-cap ETF | ETF-Other | 0.16% | -0.02% | -1.15% | |
| 29 | SCHF | Schwab Intl Equity ETF | ETF-Other | 0.16% | — | -1.69% | |
| 30 | AAPL | Apple Inc | Stock-Tech | 0.14% | +0.02% | +0.04% | |
| 31 | SCHB | Schwab US Broad Market ETF | ETF-Other | 0.13% | — | -1.33% | |
| 32 | IWF | Ishares Russell 1000 Growth | ETF-Other | 0.13% | — | — | |
| 33 | SCHM | Schwab US Mid Cap ETF | ETF-Other | 0.10% | -0.01% | -0.43% | |
| 34 | VUG | Vanguard Growth ETF | ETF-Other | 0.10% | +0.01% | -0.18% | |
| 35 | SCHR | Schwab Intermediate-term US | ETF-Other | 0.09% | — | +2.29% | |
| 36 | SHY | Ishares 1-3 Year Treasury Bo | ETF-Gov Bonds | 0.07% | — | — | |
| 37 | DVY | Ishares Select Dividend ETF | ETF-Other | 0.06% | — | -1.65% | |
| 38 | SCHE | Schwab Emrg Mrkts Eqty ETF | ETF-Other | 0.05% | -0.01% | -7.94% | |
| 39 | NVDA | Nvidia CORP | Stock-Tech | 0.05% | — | -10.70% |
Portfolio Performance
Performance for Q4 2026
0%
Performance Last 4 Quarters
+9%
- Stdev
- +8.7%
- Beta
- +0.64
- Alpha
- +0.5%
- Max Drawdown
- -4.2%
- Annualized Perf
- +15.8%
- Batting Avg vs S&P
- +36.1%
- Sortino
- +3.52
- Stutzer
- +0.5
- Treynor
- +0.24
- Sterling
- +1.16
- Calmar
- +3.72
- Information Ratio
- -1.32
- Tracking Error
- +6%
- Stdev Down
- +4.3%
- Winning Months %
- +75%
- Losing Months %
- +25%
- Best 12 Months
- +25.2%
- Worst 12 Months
- +5.9%
- Efficiency Ratio
- +0.67
- Sharpe
- +1.72
- Stdev Sectors
- 0%
- Skewness
- -0.13
- Kurtosis
- +0.11
- Upside Potential
- +4.97
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q3 | 39 | $604.8M | 2 | ||
| 2026 Q2 | 40 | $612.3M | 0 | ||
| 2026 Q1 | 39 | $560.9M | 2 | ||
| 2025 Q4 | 39 | $559.6M | 3 | ||
| 2025 Q3 | 39 | $541.9M | 14 | ||
| 2025 Q2 | 39 | $504.0M | 0 | ||
| 2025 Q1 | 39 | $471.6M | 100 | ||
| 2024 Q4 | 40 | $471.7M | 0 | ||
| 2024 Q3 | 40 | $476.4M | 0 | ||
| 2024 Q2 | 39 | $441.1M | 0 | ||
| 2024 Q1 | 37 | $442.0M | 0 | ||
| 2023 Q4 | 42 | $622.6M | 0 | ||
| 2023 Q3 | 41 | $582.9M | 0 | ||
| 2023 Q2 | 39 | $620.4M | 0 | ||
| 2023 Q1 | 40 | $611.9M | 0 | ||
| 2022 Q4 | 40 | $609.3M | 0 | ||
| 2022 Q3 | 37 | $579.0M | 0 | ||
| 2022 Q2 | 41 | $635.1M | 0 | ||
| 2022 Q1 | 41 | $738.5M | 0 | ||
| 2021 Q4 | 41 | $791.8M | 0 | ||
| 2021 Q3 | 41 | $759.6M | 0 | ||
| 2021 Q2 | 41 | $644.7M | 100 | ||
| 2021 Q1 | 43 | $624.7M | 35 | ||
| 2020 Q4 | 42 | $557.8M | 9 | ||
| 2020 Q3 | 42 | $515.3M | 10 | ||
| 2020 Q2 | 42 | $500.4M | 12 | ||
| 2020 Q1 | 43 | $457.0M | 18 | ||
| 2019 Q4 | 46 | $534.3M | 8 | ||
| 2019 Q3 | 46 | $506.5M | 4 | ||
| 2019 Q2 | 46 | $498.6M | 10 | ||
| 2019 Q1 | 46 | $455.9M | 12 | ||
| 2018 Q4 | 46 | $431.0M | 8 | ||
| 2018 Q3 | 44 | $438.9M | 4 | ||
| 2018 Q2 | 45 | $430.4M | 6 | ||
| 2018 Q1 | 43 | $432.2M | 2 | ||
| 2017 Q4 | 44 | $437.7M | 5 | ||
| 2017 Q3 | 44 | $417.4M | 5 | ||
| 2017 Q2 | 43 | $401.4M | 13 | ||
| 2017 Q1 | 42 | $387.1M | 12 | ||
| 2016 Q4 | 43 | $374.6M | 4 | ||
| 2016 Q3 | 44 | $370.8M | 3 | ||
| 2016 Q2 | 43 | $359.4M | 5 | ||
| 2016 Q1 | 45 | $347.6M | 28 | ||
| 2015 Q4 | 50 | $330.4M | 24 | ||
| 2015 Q3 | 57 | $335.4M | 13 | ||
| 2015 Q2 | 63 | $351.6M | 4 | ||
| 2015 Q1 | 62 | $352.8M | 3 | ||
| 2014 Q4 | 61 | $345.9M | 8 | ||
| 2014 Q3 | 61 | $335.5M | 8 | ||
| 2014 Q2 | 60 | $335.7M | 6 | ||
| 2014 Q1 | 63 | $330.2M | 12 | ||
| 2013 Q4 | 62 | $318.1M | 18 | ||
| 2013 Q3 | 61 | $305.9M | 8 | ||
| 2013 Q2 | 57 | $290.6M | — |
Holding changes this quarter
Twele Capital Management, Inc.'s most significant position changes for 2026-09-30: Sold out: Ishares 20+ Year Treasury Bd (TLT); Add: Vanguard S&p 500 ETF (VOO) — shares +0.05%; Trim: Ishares Core S&p Midcap ETF (IJH) — shares -0.42%; Add: Ishares Core S&p Small-cap E (IJR) — shares +0.22%; Trim: Ishares Core S&p 500 ETF (IVV) — shares -1.51%.
Filing History
FAQ
What is Twele Capital Management, Inc. and what type of investor is it?
Twele Capital Management, Inc. is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-09-30), the firm manages a tracked equity portfolio valued at approximately $604.8M, spread across 39 disclosed positions.
What are Twele Capital Management, Inc.'s largest equity positions?
Based on the latest 13F filing, Twele Capital Management, Inc.'s top holdings by market value are:
1. Ishares Core S&p 500 ETF (IVV) — $70.2M (11.6%)
2. Vanguard S&p 500 ETF (VOO) — $67.2M (11.1%)
3. Vanguard Total Bond Market (BND) — $59.3M (9.8%)
4. Ishares Core U.s. Aggregate (AGG) — $51.0M (8.4%)
5. Ishares 7-10 Year Treasury B (IEF) — $50.2M (8.3%)
What changes did Twele Capital Management, Inc. make in its most recent portfolio filing?
In the latest reported quarter, Twele Capital Management, Inc. made 38 notable position adjustments: 0 new positions were initiated, 20 existing holdings were added to, 17 positions were partially reduced, and 1 were completely exited. The largest of these moves: Sold out: Ishares 20+ Year Treasury Bd (TLT); Add: Vanguard S&p 500 ETF (VOO) — shares +0.05%; Trim: Ishares Core S&p Midcap ETF (IJH) — shares -0.42%; Add: Ishares Core S&p Small-cap E (IJR) — shares +0.22%; Trim: Ishares Core S&p 500 ETF (IVV) — shares -1.51%
What sectors does Twele Capital Management, Inc. focus on?
Twele Capital Management, Inc. is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 100.0%
Investment Profile
Twele Capital Management, Inc. returned an annualized 15.8% over the trailing 36 months — outperforming the S&P 500 by 0.5 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.64 (less volatile than the market) and a 36% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding, with 100.0% of the portfolio concentrated in Information Technology.
It has added to its VOO position over the past two quarters (+$8.2M, now $67.2M), while trimming IEI over the same stretch (-$234.0K, still holding $1.8M).
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