TOWERCREST CAPITAL MANAGEMENT

PrivateCIK: 1633288

Location

NEWTOWN, PA

110

Positions

$717.42M

Total AUM (reported)

11.95M

Total Shares

Allocation by class

CORE S&P500 ETF$84.95M11.8%

US LRG CAP ETF$65.41M9.1%

CORE US AGGBD ET$43.88M6.1%

COM$39.23M5.5%

IBOXX HI YD ETF$38.47M5.4%

IBOXX INV CP ETF$35.70M5.0%

CORE MSCI EAFE$32.03M4.5%

Portfolio Concentration

Top 3$194.24M27.1%

4–10$206.94M28.8%

11–25$207.39M28.9%

Rest$108.85M15.2%

Top 3 weight

27.1%

Top 10 weight

55.9%

Voting Authority Distribution

Total shares with voting rights: 11.95M

Sole

Full voting authority

0.00

% of voting shares0.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

11.95M

% of voting shares100.0%

Investment Discretion (by position count)

Sole110

Shared0

Other0

Dominant voting typeNone · 100.0% of voting shares

Institutional Holdings110

Rows:

ISHARES TR

SOLE

CORE S&P500 ETF

Shares113.43K

TypeSH

Market value$84.95M

11.84%

Sole

0.00

Shared

0.00

None

113.43K

SCHWAB STRATEGIC TR

SOLE

US LRG CAP ETF

Shares2.22M

TypeSH

Market value$65.41M

9.12%

Sole

0.00

Shared

0.00

None

2.22M

ISHARES TR

SOLE

CORE US AGGBD ET

Shares443.41K

TypeSH

Market value$43.88M

6.12%

Sole

0.00

Shared

0.00

None

443.41K

ISHARES TR

SOLE

IBOXX HI YD ETF

Shares481.07K

TypeSH

Market value$38.47M

5.36%

Sole

0.00

Shared

0.00

None

481.07K

ISHARES TR

SOLE

IBOXX INV CP ETF

Shares327.31K

TypeSH

Market value$35.70M

4.98%

Sole

0.00

Shared

0.00

None

327.31K

ISHARES TR

SOLE

CORE MSCI EAFE

Shares331.64K

TypeSH

Market value$32.03M

4.46%

Sole

0.00

Shared

0.00

None

331.64K

ISHARES TR

SOLE

CORE MSCI EMKT

Shares345.72K

TypeSH

Market value$28.63M

3.99%

Sole

0.00

Shared

0.00

None

345.72K

ISHARES TR

SOLE

FLTG RATE NT ETF

Shares527.51K

TypeSH

Market value$26.93M

3.75%

Sole

0.00

Shared

0.00

None

527.51K

ISHARES TR

SOLE

JPMORGAN USD EMG

Shares239.04K

TypeSH

Market value$23.05M

3.21%

Sole

0.00

Shared

0.00

None

239.04K

SCHWAB STRATEGIC TR

SOLE

US AGGREGATE B

Shares956.73K

TypeSH

Market value$22.13M

3.08%

Sole

0.00

Shared

0.00

None

956.73K

SCHWAB STRATEGIC TR

SOLE

INTL EQTY ETF

Shares790.20K

TypeSH

Market value$21.89M

3.05%

Sole

0.00

Shared

0.00

None

790.20K

ISHARES TR

SOLE

CORE S&P MCP ETF

Shares238.48K

TypeSH

Market value$18.39M

2.56%

Sole

0.00

Shared

0.00

None

238.48K

SCHWAB STRATEGIC TR

SOLE

EMRG MKTEQ ETF

Shares476.64K

TypeSH

Market value$17.28M

2.41%

Sole

0.00

Shared

0.00

None

476.64K

SPDR SER TR

SOLE

BLOMBERG BRC INV

Shares541.50K

TypeSH

Market value$16.71M

2.33%

Sole

0.00

Shared

0.00

None

541.50K

ISHARES TR

SOLE

CORE S&P SCP ETF

Shares105.62K

TypeSH

Market value$15.66M

2.18%

Sole

0.00

Shared

0.00

None

105.62K

ISHARES TR

SOLE

NATIONAL MUN ETF

Shares144.94K

TypeSH

Market value$15.60M

2.17%

Sole

0.00

Shared

0.00

None

144.94K

SPDR SERIES TRUST

SOLE

STATE STREET SPD

Shares173.79K

TypeSH

Market value$15.27M

2.13%

Sole

0.00

Shared

0.00

None

173.79K

SCHWAB STRATEGIC TR

SOLE

US MID-CAP ETF

Shares364.41K

TypeSH

Market value$13.44M

1.87%

Sole

0.00

Shared

0.00

None

364.41K

SCHWAB STRATEGIC TR

SOLE

US BRD MKT ETF

Shares414.50K

TypeSH

Market value$12.00M

1.67%

Sole

0.00

Shared

0.00

None

414.50K

ISHARES TR

SOLE

CORE S&P TTL STK

Shares72.11K

TypeSH

Market value$11.85M

1.65%

Sole

0.00

Shared

0.00

None

72.11K

SPDR TR S&P 500 ETF TR

SOLE

TR UNIT

Shares14.59K

TypeSH

Market value$10.89M

1.52%

Sole

0.00

Shared

0.00

None

14.59K

SCHWAB STRATEGIC TR

SOLE

US SML CAP ETF

Shares294.69K

TypeSH

Market value$10.65M

1.48%

Sole

0.00

Shared

0.00

None

294.69K

SPDR SERIES TRUST

SOLE

PORTFOLIO AGRGTE

Shares390.85K

TypeSH

Market value$9.97M

1.39%

Sole

0.00

Shared

0.00

None

390.85K

APPLE INC

SOLE

COM

Shares33.73K

TypeSH

Market value$9.76M

1.36%

Sole

0.00

Shared

0.00

None

33.73K

SPDR SERIES TRUST

SOLE

PORTFOLIO INTRMD

Shares240.11K

TypeSH

Market value$8.03M

1.12%

Sole

0.00

Shared

0.00

None

240.11K

Issuer	Class	Shares	Type	Value / Portfolio %	None
ISHARES TRSOLE	CORE S&P500 ETF	113.43K	SH	$84.95M 11.84%	113.43K
SCHWAB STRATEGIC TRSOLE	US LRG CAP ETF	2.22M	SH	$65.41M 9.12%	2.22M
ISHARES TRSOLE	CORE US AGGBD ET	443.41K	SH	$43.88M 6.12%	443.41K
ISHARES TRSOLE	IBOXX HI YD ETF	481.07K	SH	$38.47M 5.36%	481.07K
ISHARES TRSOLE	IBOXX INV CP ETF	327.31K	SH	$35.70M 4.98%	327.31K
ISHARES TRSOLE	CORE MSCI EAFE	331.64K	SH	$32.03M 4.46%	331.64K
ISHARES TRSOLE	CORE MSCI EMKT	345.72K	SH	$28.63M 3.99%	345.72K
ISHARES TRSOLE	FLTG RATE NT ETF	527.51K	SH	$26.93M 3.75%	527.51K
ISHARES TRSOLE	JPMORGAN USD EMG	239.04K	SH	$23.05M 3.21%	239.04K
SCHWAB STRATEGIC TRSOLE	US AGGREGATE B	956.73K	SH	$22.13M 3.08%	956.73K
SCHWAB STRATEGIC TRSOLE	INTL EQTY ETF	790.20K	SH	$21.89M 3.05%	790.20K
ISHARES TRSOLE	CORE S&P MCP ETF	238.48K	SH	$18.39M 2.56%	238.48K
SCHWAB STRATEGIC TRSOLE	EMRG MKTEQ ETF	476.64K	SH	$17.28M 2.41%	476.64K
SPDR SER TRSOLE	BLOMBERG BRC INV	541.50K	SH	$16.71M 2.33%	541.50K
ISHARES TRSOLE	CORE S&P SCP ETF	105.62K	SH	$15.66M 2.18%	105.62K
ISHARES TRSOLE	NATIONAL MUN ETF	144.94K	SH	$15.60M 2.17%	144.94K
SPDR SERIES TRUSTSOLE	STATE STREET SPD	173.79K	SH	$15.27M 2.13%	173.79K
SCHWAB STRATEGIC TRSOLE	US MID-CAP ETF	364.41K	SH	$13.44M 1.87%	364.41K
SCHWAB STRATEGIC TRSOLE	US BRD MKT ETF	414.50K	SH	$12.00M 1.67%	414.50K
ISHARES TRSOLE	CORE S&P TTL STK	72.11K	SH	$11.85M 1.65%	72.11K
SPDR TR S&P 500 ETF TRSOLE	TR UNIT	14.59K	SH	$10.89M 1.52%	14.59K
SCHWAB STRATEGIC TRSOLE	US SML CAP ETF	294.69K	SH	$10.65M 1.48%	294.69K
SPDR SERIES TRUSTSOLE	PORTFOLIO AGRGTE	390.85K	SH	$9.97M 1.39%	390.85K
APPLE INCSOLE	COM	33.73K	SH	$9.76M 1.36%	33.73K
SPDR SERIES TRUSTSOLE	PORTFOLIO INTRMD	240.11K	SH	$8.03M 1.12%	240.11K

Page 1 of 5

…