Q2 2026 13F · SEC CIK 1563690

Boltwood Capital Management

Wealth managerFiled 2026-07-06 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $436.4M
Reported positions: 192
Top holdings a year, 3 yrs: +10.3%
Assets under management: $502.5M

Boltwood Capital Management is a wealth manager that reported 192 positions worth $436.4M in its Q2 2026 13F, filed 2026-07-06. Its largest holdings were Schwab Intl Equity (SCHF, 7.2%), Flexshares Tr (TDTT, 5.5%), SPDR Portfolio Developed World (SPDW, 3.2%). A portfolio copying its top holdings returned 10.3% a year over the last 3 years, against 20.4% for the S&P 500.

Boltwood Capital Management holdings largest 50 of 192 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Boltwood Capital Management 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
SCHFSchwab Intl Equity	7.2%	7.2%	1,133,518	-1.1%	$31.4M
TDTTFlexshares Tr	5.5%	5.6%	995,568	+10.0%	$23.8M
SPDWSPDR Portfolio Developed World	3.2%	3.2%	273,455	-0.4%	$13.8M
MBBIshares Tr	3.0%	3.3%	139,285	+3.6%	$13.2M
IEIIshares	2.7%	3.0%	99,909	+1.9%	$11.7M
AAPLApple Inc	2.6%	2.4%	38,842	+2.8%	$11.2M
NVDANvidia Corporation Com	2.6%	2.4%	55,677	+3.4%	$11.1M
XLKState Street Technology Select Sector Sp	2.4%	1.9%	55,807	-0.7%	$10.6M
GOOGLAlphabet Inc	2.2%	2.0%	27,174	+1.1%	$9.7M
SCHESchwab Strategic Tr	2.2%	2.1%	264,128	+3.3%	$9.6M
IJHIshares Tr	2.1%	2.0%	117,935	+0.1%	$9.1M
IJRIshares Core S&p Small Cap ETF	1.9%	1.8%	56,611	-0.6%	$8.4M
CATCaterpillar Inc Com	1.8%	1.4%	7,359	-2.8%	$7.8M
MSFTMicrosoft Corp	1.7%	1.8%	20,229	+4.9%	$7.5M
HYGVFlexshares Tr	1.7%	2.4%	180,790	-22.6%	$7.3M
GUNRFlexshares Tr Mornstar Upstr	1.6%	1.8%	140,613	+8.8%	$6.9M
SHYiShs Lehman 1-3Tsy	1.6%	1.8%	83,420	+0.1%	$6.8M
HYGIshares Trust	1.5%	1.8%	83,640	-4.4%	$6.7M
KLACKla Corp	1.4%	0.8%	20,100	+890.1%	$6.1M
SPEMState Street Spdr Portfolio Emerging Mar	1.3%	1.3%	112,504	+0.2%	$5.8M
JPMJpmorgan Chase & Co	1.3%	1.3%	16,944	-0.2%	$5.5M
GQREFlexshares Tr	1.2%	1.3%	84,852	+1.5%	$5.4M
NFRAFlexshares Tr	1.2%	1.4%	84,421	+1.0%	$5.4M
MBSDFlexshares Tr	1.2%	1.5%	258,214	-9.6%	$5.3M
AMDAdvanced Micro Devices Inc	1.2%	—	8,664	—	$5.0M
SPMBSPDR Portfolio Mortgage Backed	1.1%	1.2%	223,723	+10.7%	$5.0M
AMZNAmazon Com Inc Com	1.0%	1.0%	19,149	+4.0%	$4.6M
GNRState Street Spdr S&p Global Natural Res	1.0%	0.9%	67,202	+36.9%	$4.5M
IGSBIshares 1-3 Yr Credit Bond ETF	1.0%	1.1%	81,305	+0.7%	$4.3M
SCHASchwab U.s. Small-Cap ETF	1.0%	0.9%	117,817	-0.1%	$4.3M
CVXChevron Corp New	0.9%	1.2%	22,860	+0.4%	$3.8M
SKORFlexshares Tr	0.8%	0.9%	75,994	-0.8%	$3.7M
SCHMSchwab Strategic Tr	0.8%	0.8%	96,784	+1.6%	$3.6M
XOMExxon Mobil Corp	0.8%	1.1%	25,625	+0.8%	$3.5M
STIPIshares Tr	0.8%	0.6%	33,140	+48.8%	$3.4M
EFAiShs MSCI EAFE	0.8%	0.8%	31,827	-0.7%	$3.3M
XLVSelect Sector Spdr Tr	0.7%	0.7%	20,178	+3.9%	$3.2M
XLYConsumer Discretionary Select S	0.7%	0.7%	25,820	+1.0%	$3.0M
SCHBSchwb US Broad	0.7%	0.7%	102,641	-0.1%	$3.0M
METAMeta Platforms Inc Class A	0.7%	0.7%	5,110	+4.9%	$2.9M
IEFiShs 7-10 ys Tsy	0.7%	0.7%	30,368	+1.1%	$2.9M
LOWLowes Cos Inc	0.6%	0.7%	11,937	-0.0%	$2.6M
XLISelect Sector Spdr Tr	0.6%	0.6%	13,806	-1.3%	$2.6M
XLFSelect Sector Spdr Tr	0.6%	0.6%	45,562	+0.7%	$2.4M
AXPAmerican Express Co Com	0.5%	0.5%	7,070	-0.4%	$2.4M
VEUVanguard FTSE All	0.5%	0.5%	27,619	-0.1%	$2.3M
XLEState Street Energy Select Sector Spdr E	0.5%	0.7%	42,976	-0.1%	$2.3M
XLCSelect Sector Spdr Tr	0.5%	0.6%	21,210	+3.2%	$2.3M
LLYLilly Eli & Co	0.5%	—	1,878	—	$2.3M
SPTLSpdr Series Trust	0.5%	—	81,685	—	$2.1M

What Boltwood Capital Management bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Added to

KLAC Kla Corp+890.1% shares
STIP Ishares Tr+48.8% shares
GNR State Street Spdr S&p Global Natural Res+36.9% shares
SPMB SPDR Portfolio Mortgage Backed+10.7% shares
TDTT Flexshares Tr+10.0% shares
GUNR Flexshares Tr Mornstar Upstr+8.8% shares

Reduced

HYGV Flexshares Tr-22.6% shares
MBSD Flexshares Tr-9.6% shares

Left the top 50

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +13.0% /yr; S&P 500 +20.1%
3 years: +10.3% /yr; S&P 500 +20.4%
5 years: +4.0% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$436.4M	192
Q1 2026	$392.1M	184
Q4 2025	$384.6M	182
Q3 2025	$375.7M	178
Q2 2025	$351.8M	172
Q1 2025	$328.9M	170
Q4 2024	$328.2M	170
Q3 2024	$337.4M	174
Q2 2024	$320.1M	166
Q1 2024	$322.8M	169
Q4 2023	$301.9M	165
Q3 2023	$270.0M	155

Questions about Boltwood Capital Management's portfolio

What stocks does Boltwood Capital Management own?

Boltwood Capital Management's latest 13F, for Q2 2026 and filed Jul 6, 2026, lists 192 positions worth $436.4M. The largest are Schwab Intl Equity (SCHF) at 7.2%, Flexshares Tr (TDTT) at 5.5%, SPDR Portfolio Developed World (SPDW) at 3.2%, Ishares Tr (MBB) at 3.0% and Ishares (IEI) at 2.7%.

What did Boltwood Capital Management buy last quarter?

In Q2 2026, Boltwood Capital Management added Kla Corp (KLAC) (+890.1% shares), Ishares Tr (STIP) (+48.8% shares) and State Street Spdr S&p Global Natural Res (GNR) (+36.9% shares), compared with its Q1 2026 filing.

What did Boltwood Capital Management sell last quarter?

In Q2 2026, Boltwood Capital Management cut from its top 50 Walmart Inc (WMT), cut from its top 50 Procter & Gamble Co Com (PG), cut from its top 50 Coca Cola Co (KO), Flexshares Tr (HYGV) (-22.6% shares) and Flexshares Tr (MBSD) (-9.6% shares), compared with its Q1 2026 filing.

How has Boltwood Capital Management's portfolio performed?

A portfolio copying Boltwood Capital Management's 20 largest 13F holdings each quarter, from the day each filing was public, returned +10.3% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +13.0% against +20.1%. Over 5 years: +4.0% a year against +11.6%.

When is Boltwood Capital Management's next 13F filing due?

13F filings are due 45 days after each quarter ends. Boltwood Capital Management's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Boltwood Capital Management manage?

Boltwood Capital Management reported $502.5M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $436.4M.