Boltwood Capital Management
Long book
$392.1M
Q1 2026
Positions
184
Top-10 weight
34%
concentration
Last quarter
+8.8%
SPY +14.8%
Turnover
4%
of book per quarter
Strategy in plain words
auto-generated from filingsBoltwood Capital Management is a wealth-management firm allocating client money, running a $392.1M US long book across 184 positions.
The portfolio is moderately concentrated (top 10 ≈ 34% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: SCHWAB INTL EQUITY ETF, FLEXSHARES IBOXX 3-YEAR TARG, ISHARES MBS ETF, STE STR SPDR PT DW EU ETF, ISHARES 3-7 YEAR TREASURY BO.
Over the last 9 quarters its long book ran on average 1.2pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+0.8%
Q2 2024
+6.0%
Q3 2024
-2.1%
Q4 2024
+0.4%
Q1 2025
+7.3%
Q2 2025
+6.1%
Q3 2025
+2.6%
Q4 2025
-0.2%
Q1 2026
+8.8%
Sector allocation
Technology 38%
Financials 14%
Consumer discretionary 11%
Industrials 10%
Healthcare 8%
Energy 7%
Other 4%
Services media 3%
Long book by quarter
What does Boltwood Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 37.8K | $9.6M | 2.4% | +3.9% |
| NVDA NVIDIA CORP | Technology | 53.9K | $9.4M | 2.4% | +4.5% |
| GOOGL ALPHABET INC-CL A | Technology | 26.9K | $7.7M | 2.0% | +2.1% |
| MSFT MICROSOFT CORP | Technology | 19.3K | $7.1M | 1.8% | +5.5% |
| CAT CATERPILLAR INC | Industrials | 7.6K | $5.4M | 1.4% | -3.5% |
| JPM JPMORGAN CHASE & CO | Financials | 17.0K | $5.0M | 1.3% | +0.8% |
| CVX CHEVRON CORP | Energy | 22.8K | $4.7M | 1.2% | -0.1% |
| XOM EXXON MOBIL CORP | Energy | 25.4K | $4.3M | 1.1% | +0.4% |
| AMZN AMAZON.COM INC | Consumer discretionary | 18.4K | $3.8M | 1.0% | +5.6% |
| KLAC KLA CORP | Other | 2.0K | $3.0M | 0.8% | +3.1% |
| LOW LOWE'S COS INC | Consumer discretionary | 11.9K | $2.8M | 0.7% | -1.0% |
| META META PLATFORMS INC-CLASS A | Technology | 4.9K | $2.8M | 0.7% | +4.3% |
| WMT WALMART INC | Consumer discretionary | 18.6K | $2.3M | 0.6% | -1.6% |
| AXP AMERICAN EXPRESS CO | Financials | 7.1K | $2.1M | 0.5% | -0.5% |
| PG PROCTER & GAMBLE CO/THE | Other | 14.0K | $2.0M | 0.5% | +2.8% |
| KO COCA-COLA CO/THE | Consumer staples | 26.2K | $2.0M | 0.5% | -0.6% |
| ABT ABBOTT LABORATORIES | Healthcare | 19.3K | $2.0M | 0.5% | -3.0% |
| TJX TJX COMPANIES INC | Consumer discretionary | 12.1K | $1.9M | 0.5% | -0.1% |
| ICE INTERCONTINENTAL EXCHANGE IN | Financials | 11.9K | $1.9M | 0.5% | -2.7% |
| AMD ADVANCED MICRO DEVICES | Technology | 8.7K | $1.8M | 0.5% | +5.8% |
| CRM SALESFORCE INC | Technology | 9.2K | $1.7M | 0.4% | +0.7% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 1.7K | $1.7M | 0.4% | +6.7% |
| LLY ELI LILLY & CO | Healthcare | 1.9K | $1.7M | 0.4% | -1.3% |
| RTX RTX CORP | Industrials | 8.7K | $1.7M | 0.4% | +1.9% |
| PFE PFIZER INC | Healthcare | 56.8K | $1.6M | 0.4% | -2.4% |
| ORCL ORACLE CORP | Technology | 10.2K | $1.5M | 0.4% | +2.7% |
| ABBV ABBVIE INC | Healthcare | 6.9K | $1.5M | 0.4% | -0.1% |
| ALL ALLSTATE CORP | Financials | 7.0K | $1.5M | 0.4% | -0.1% |
| WFC WELLS FARGO & CO | Financials | 17.2K | $1.4M | 0.3% | +0.1% |
| AVGO BROADCOM INC | Technology | 4.4K | $1.4M | 0.3% | +27.7% |
| MA MASTERCARD INC - A | Services media | 2.7K | $1.3M | 0.3% | +9.3% |
| DIS WALT DISNEY CO/THE | Services media | 13.0K | $1.3M | 0.3% | +0.3% |
| JNJ JOHNSON & JOHNSON | Healthcare | 4.4K | $1.1M | 0.3% | +4.1% |
| TPR TAPESTRY INC | Other | 7.6K | $1.1M | 0.3% | -1.4% |
| BX BLACKSTONE INC | Financials | 9.2K | $1.1M | 0.3% | +2.4% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 2.1K | $995K | 0.3% | +2.5% |
| HD HOME DEPOT INC | Consumer discretionary | 2.8K | $936K | 0.2% | +0.2% |
| CSCO CISCO SYSTEMS INC | Technology | 12.0K | $930K | 0.2% | +2.7% |
| CME CME GROUP INC | Financials | 3.1K | $929K | 0.2% | +0.8% |
| ADI ANALOG DEVICES INC | Technology | 2.9K | $925K | 0.2% | +0.7% |
| MCHP MICROCHIP TECHNOLOGY INC | Technology | 14.1K | $914K | 0.2% | -2.3% |
| GOOG ALPHABET INC-CL C | Technology | 2.9K | $843K | 0.2% | +6.9% |
| TSLA TESLA INC | Industrials | 2.2K | $835K | 0.2% | +5.9% |
| DHR DANAHER CORP | Technology | 4.4K | $829K | 0.2% | -0.1% |
| PEP PEPSICO INC | Consumer staples | 5.3K | $820K | 0.2% | +1.9% |
| BA BOEING CO/THE | Industrials | 4.0K | $795K | 0.2% | +4.1% |
| SCHW SCHWAB (CHARLES) CORP | Financials | 8.0K | $755K | 0.2% | +3.3% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 8, 2026 | 184 | $392.1M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 2, 2026 | 182 | $384.6M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 6, 2025 | 178 | $351.8M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 8, 2025 | 172 | $351.8M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 10, 2025 | 170 | $328.9M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 6, 2025 | 170 | $328.2M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 2, 2024 | 174 | $337.4M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 8, 2024 | 166 | $320.1M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 4, 2024 | 169 | $322.8M | canonical | SEC ↗ |