Towercrest Capital Management 13F annual report
Towercrest Capital Management is an investment fund managing more than $607 billion ran by Curtis Snyder. There are currently 59 companies in Mr. Snyder’s portfolio. The largest investments include Ishares Tr and Schwab Strategic Tr, together worth $442 billion.
$607 billion Assets Under Management (AUM)
As of 30th July 2024, Towercrest Capital Management’s top holding is 3,351,919 shares of Ishares Tr currently worth over $301 billion and making up 49.5% of the portfolio value.
In addition, the fund holds 2,833,450 shares of Schwab Strategic Tr worth $142 billion.
The third-largest holding is Spdr Ser Tr worth $34.9 billion and the next is Spdr Tr Sp 500 Etf Tr worth $14.5 billion, with 26,685 shares owned.
Currently, Towercrest Capital Management's portfolio is worth at least $607 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Towercrest Capital Management
The Towercrest Capital Management office and employees reside in Newtown, Pennsylvania. According to the last 13-F report filed with the SEC, Curtis Snyder serves as the Managing Member at Towercrest Capital Management.
Recent trades
In the most recent 13F filing, Towercrest Capital Management revealed that it had opened a new position in
Eli Lilly Co and bought 804 shares worth $728 million.
The investment fund also strengthened its position in Ishares Tr by buying
649,455 additional shares.
This makes their stake in Ishares Tr total 3,351,919 shares worth $301 billion.
On the other hand, there are companies that Towercrest Capital Management is getting rid of from its portfolio.
Towercrest Capital Management closed its position in Spdr Ser Tr on 6th August 2024.
It sold the previously owned 7,833 shares for $620 million.
Curtis Snyder also disclosed a decreased stake in Schwab Strategic Tr by approximately 0.1%.
This leaves the value of the investment at $142 billion and 2,833,450 shares.
One of the average hedge funds
The two most similar investment funds to Towercrest Capital Management are Clark Estates Inc/ny and Hhm Wealth Advisors. They manage $607 billion and $606 billion respectively.
Curtis Snyder investment strategy
Towercrest Capital Management’s portfolio is diversified across 10 sectors.
Currently, their heaviest sector is Miscellaneous — making up 5.0% of
the total portfolio value.
The fund focuses on investments in the United States as
40.7% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
37% of the total holdings value.
On the other hand, small-cap stocks make up only 1.7% of the portfolio.
The average market cap of the portfolio companies is close to $380 billion.
The complete list of Towercrest Capital Management trades based on 13F SEC filings
These positions were updated on August 6th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Ishares Tr |
24.03%
3,351,919
|
$300,541,800,000 | 49.54% |
| Schwab Strategic Tr |
1.46%
2,833,450
|
$141,750,742,000 | 23.37% |
| Spdr Ser Tr |
4.06%
1,039,158
|
$34,858,913,000 | 5.75% |
| Spdr Tr Sp 500 Etf Tr |
0.04%
26,685
|
$14,522,715,000 | 2.39% |
| Apple Inc |
1.80%
63,391
|
$13,351,366,000 | 2.20% |
| SPDR Series Trust |
0.30%
788,985
|
$30,260,068,000 | 4.99% |
| Pimco Etf Tr |
1.42%
92,120
|
$8,757,806,000 | 1.44% |
| Spdr Index Shs Fds |
1.09%
370,210
|
$13,434,758,000 | 2.21% |
| Microsoft Corporation |
11.14%
11,818
|
$5,282,070,000 | 0.87% |
| Invesco Exchng Traded Fd Tr |
51.45%
490,831
|
$9,338,763,000 | 1.54% |
| Meta Platforms Inc |
15.73%
5,902
|
$2,975,906,000 | 0.49% |
| Jpmorgan Chase Co |
0.26%
10,304
|
$2,084,087,000 | 0.34% |
| United Parcel Service, Inc. |
0.16%
14,579
|
$1,995,136,000 | 0.33% |
| NVIDIA Corp |
1,364.67%
15,130
|
$1,869,124,000 | 0.31% |
| Invesco Exchange Traded Fd T |
No change
7,049
|
$1,158,063,000 | 0.19% |
| Merck Co Inc |
3.32%
9,181
|
$1,136,608,000 | 0.19% |
| Amazon.com Inc. |
53.80%
5,832
|
$1,127,034,000 | 0.19% |
| Johnson Johnson |
1.51%
6,730
|
$983,687,000 | 0.16% |
| Select Sector Spdr Tr |
1.33%
12,295
|
$1,356,944,000 | 0.22% |
| Vanguard Index Fds |
10.61%
9,280
|
$2,624,038,000 | 0.43% |
| Vanguard World Fds |
No change
3,453
|
$1,300,454,000 | 0.21% |
| Alphabet Inc |
20.86%
7,575
|
$1,384,893,000 | 0.23% |
| Eli Lilly Co |
Opened
804
|
$727,926,000 | 0.12% |
| Spdr Gold Tr |
5.11%
3,150
|
$677,282,000 | 0.11% |
| Visa Inc |
0.08%
2,355
|
$618,117,000 | 0.10% |
| Resideo Technologies Inc |
No change
30,404
|
$594,702,000 | 0.10% |
| Att Inc |
2.50%
30,725
|
$587,150,000 | 0.10% |
| Bank Amer Corp |
0.76%
14,717
|
$585,295,000 | 0.10% |
| Coca-Cola Consolidated Inc |
0.33%
8,534
|
$543,189,000 | 0.09% |
| Vanguard Specialized Funds |
0.54%
2,806
|
$512,182,000 | 0.08% |
| Fidelity Merrimack Str Tr |
41.25%
10,616
|
$476,977,000 | 0.08% |
| Exxon Mobil Corp. |
18.28%
4,122
|
$474,525,000 | 0.08% |
| Home Depot, Inc. |
1.29%
1,305
|
$449,233,000 | 0.07% |
| International Business Machs |
35.75%
2,586
|
$447,324,000 | 0.07% |
| Procter And Gamble Co |
2.34%
2,626
|
$433,080,000 | 0.07% |
| Pfizer Inc. |
38.14%
15,107
|
$422,706,000 | 0.07% |
| Chevron Corp. |
5.22%
2,635
|
$412,167,000 | 0.07% |
| Coupang, Inc. |
No change
17,970
|
$376,472,000 | 0.06% |
| Spdr Ser Tr |
Closed
7,833
|
$620,334,000 | |
| Cisco Sys Inc |
1.28%
7,627
|
$362,359,000 | 0.06% |
| NextEra Energy Inc |
42.28%
5,031
|
$356,269,000 | 0.06% |
| Pepsico Inc |
4.23%
2,150
|
$354,586,000 | 0.06% |
| Oracle Corp. |
0.89%
2,498
|
$352,718,000 | 0.06% |
| Invesco Exch Traded Fd Tr Ii |
Opened
1,780
|
$350,760,000 | 0.06% |
| Dimensional Etf Trust |
42.00%
5,721
|
$336,681,000 | 0.06% |
| Bristol-Myers Squibb Co. |
Closed
5,310
|
$308,203,000 | |
| Matinas Biopharma Holdings Inc |
Opened
1,886,715
|
$298,667,000 | 0.05% |
| Costco Whsl Corp New |
Opened
351
|
$298,211,000 | 0.05% |
| Vanguard Intl Equity Index F |
4.01%
6,247
|
$503,754,000 | 0.08% |
| Disney Walt Co |
28.22%
2,856
|
$283,613,000 | 0.05% |
| Colgate-Palmolive Co. |
15.84%
2,885
|
$279,967,000 | 0.05% |
| Las Vegas Sands Corp |
0.11%
6,307
|
$279,085,000 | 0.05% |
| Comcast Corp New |
45.82%
6,960
|
$272,555,000 | 0.04% |
| Walmart Inc |
204.02%
4,010
|
$271,520,000 | 0.04% |
| Public Svc Enterprise Grp In |
No change
3,652
|
$269,152,000 | 0.04% |
| Philip Morris International Inc |
Closed
6,038
|
$253,898,000 | |
| Boeing Co. |
5.93%
1,357
|
$246,988,000 | 0.04% |
| Verizon Communications Inc |
Closed
7,097
|
$230,011,000 | |
| Vanguard Whitehall Fds |
Opened
1,915
|
$227,079,000 | 0.04% |
| Vanguard World Fd |
Opened
695
|
$218,376,000 | 0.04% |
| Consolidated Edison, Inc. |
No change
2,374
|
$212,283,000 | 0.03% |
| Berkshire Hathaway Inc. |
Opened
512
|
$208,282,000 | 0.03% |
| Hershey Company |
No change
1,100
|
$202,213,000 | 0.03% |
| No transactions found | |||
| Showing first 500 out of 63 holdings | |||
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