Vault-13

SCHWAB STRATEGIC TR SCHB

US BRD MKT ETF · ETP · CUSIP 808524102

1,041 institutional holders +94 vs Q3 2023
160,840,728160.8m shares reported held*
$9.0bnreported value*
74 new 413 added 326 reduced 40 sold out net bought ≈ $542.1m (+9.7m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($4.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $55.88. Options: 4 managers hold calls ($11.2m notional), 3 hold puts ($2.3m).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 862Q4 22: 934Q1 23: 928Q2 23: 951Q3 23: 947Q4 23: 1,0411,041Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 2022862
Q4 2022934
Q1 2023928
Q2 2023951
Q3 2023947
Q4 20231,041

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
5000500Q4 22: 423 bought or addedQ4 22: 354 cut or sold outQ4 22Q1 23: 414 bought or addedQ1 23: 409 cut or sold outQ1 23Q2 23: 413 bought or addedQ2 23: 383 cut or sold outQ2 23Q3 23: 417 bought or addedQ3 23: 410 cut or sold outQ3 23Q4 23: 487 bought or addedQ4 23: 366 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022423354
Q1 2023414409
Q2 2023413383
Q3 2023417410
Q4 2023487366

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$5m$10m$15mQ1 23 calls: $12.7mQ1 23 puts: $1.8mQ1 23P/C 0.14Q2 23 calls: $12.4mQ2 23 puts: $1.8mQ2 23P/C 0.14Q3 23 calls: $11.7mQ3 23 puts: $1.1mQ3 23P/C 0.09Q4 23 calls: $11.2mQ4 23 puts: $2.3mQ4 23P/C 0.21
Numbers
QuarterCallsPutsP/C
Q1 2023$12.7m$1.8m0.14
Q2 2023$12.4m$1.8m0.14
Q3 2023$11.7m$1.1m0.09
Q4 2023$11.2m$2.3m0.21

Biggest buyers

SCS Capital Management LLC Added +3,834,459+3.8m
JPMORGAN CHASE & CO Added +1,041,544+1.0m
MORGAN STANLEY Added +963,288+963.3k
Morningstar Investment Services LLC Added +760,762+760.8k
Compass Advisory Group LLC Added +579,689+579.7k
HighTower Advisors, LLC Added +519,671+519.7k
FSA WEALTH PARTNERS, INC. New +422,322+422.3k
GOLDMAN SACHS GROUP INC Added +401,485+401.5k
OneDigital Investment Advisors LLC Added +374,305+374.3k
Cerity Partners LLC Added +285,145+285.1k

Biggest sellers

Wealthfront Advisers LLC Reduced -816,531-816.5k
IMA Advisory Services, Inc. Sold out -279,757-279.8k
Betterment LLC Reduced -217,757-217.8k
EVOKE WEALTH, LLC Sold out -208,872-208.9k
Trellis Advisors, LLC Sold out -182,584-182.6k
AE Wealth Management LLC Reduced -167,515-167.5k
PINKERTON WEALTH, LLC Reduced -135,813-135.8k
ENVESTNET ASSET MANAGEMENT INC Reduced -127,187-127.2k
Financial Designs Corp Sold out -122,049-122.0k
Meridian Wealth Management, LLC Reduced -111,356-111.4k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $8.4m150.1k shares
CITADEL ADVISORS LLC Added $2.8m50.6k shares
Cutler Group LLC / CA Added $39.0k19.7k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $2.1m38.3k shares
CITADEL ADVISORS LLC Added $178.1k3.2k shares
Cutler Group LLC / CA Reduced $0500 shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Holders, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Wealthfront Advisers LLC 4.87% of their portfolio Palo Alto, CA 22,788,31922.8m $1.3bn $1.3bn 4.87% Reduced -816.5k -816,531
2 SCS Capital Management LLC 5.14% of their portfolio BOSTON, MA 8,068,6308.1m $449.2m $449.2m 5.14% Added +3.8m +3,834,459
3 Betterment LLC 1.04% of their portfolio NEW YORK, NY 6,517,4486.5m $362.8m $362.8m 1.04% Reduced -217.8k -217,757
4 REBALANCE, LLC 17.31% of their portfolio PALO ALTO, CA 3,569,6373.6m $198.7m $198.7m 17.31% Reduced -40.4k -40,350
5 Evensky & Katz LLC 14.80% of their portfolio CORAL GABLES, FL 3,533,9853.5m $196.7m $196.7m 14.80% Reduced -28.7k -28,654
6 HENGEHOLD CAPITAL MANAGEMENT LLC 19.89% of their portfolio CINCINNATI, OH 3,015,6923.0m $167.9m $167.9m 19.89% Added +30.1k +30,118
7 Strid Group, LLC 27.61% of their portfolio NEWTOWN SQUARE, PA 2,454,2962.5m $136.6m $136.6m 27.61% Added +2.2k +2,245
8 Bouchey Financial Group, Ltd. 14.27% of their portfolio TROY, NY 2,393,2742.4m $133.2m $133.2m 14.27% Added +237.9k +237,905
9 HB Wealth Management, LLC 1.88% of their portfolio Atlanta, GA 2,344,1472.3m $130.5m $130.5m 1.88% Reduced -765 -765
10 HighTower Advisors, LLC 0.22% of their portfolio CHICAGO, IL 2,342,1952.3m $130.4m $130.4m 0.22% Added +519.7k +519,671
11 HT Partners LLC 49.25% of their portfolio CENTERBROOK, CT 2,219,6012.2m $123.6m $123.6m 49.25% Reduced -1.7k -1,747
12 Evergreen Advisors, LLC 39.87% of their portfolio CHATTANOOGA, TN 2,206,8882.2m $122.9m $122.9m 39.87% Added +21.7k +21,689
13 Retirement Planning Group, LLC 10.74% of their portfolio LEAWOOD, KS 2,154,9772.2m $120.0m $120.0m 10.74% Reduced -8.6k -8,572
14 Callan Capital, LLC 11.17% of their portfolio LA JOLLA, CA 2,125,6162.1m $118.3m $118.3m 11.17% Added +43.4k +43,432
15 Hanson & Doremus Investment Management 19.95% of their portfolio BURLINGTON, VT 1,898,7831.9m $105.7m $105.7m 19.95% Added +555 +555
16 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,835,4001.8m $102.2m $102.2m 0.00% Added +963.3k +963,288
17 FFT WEALTH MANAGEMENT LLC 7.87% of their portfolio PHILADELPHIA, PA 1,632,8131.6m $90.9m $90.9m 7.87% Added +39.6k +39,608
18 Forvis Mazars Wealth Advisors, LLC 2.51% of their portfolio Springfield, MO 1,618,0531.6m $90.1m $90.1m 2.51% Reduced -10.9k -10,923
19 LGL PARTNERS, LLC 11.77% of their portfolio PHILADELPHIA, PA 1,543,9641.5m $86.0m $86.0m 11.77% Added +6.5k +6,467
20 HHM Wealth Advisors, LLC 14.93% of their portfolio CHATTANOOGA, TN 1,540,2911.5m $85.7m $85.7m 14.93% Added +15.2k +15,200
21 Morningstar Investment Services LLC 0.45% of their portfolio CHICAGO, IL 1,425,5861.4m $79.7m $79.7m 0.45% Added +760.8k +760,762
22 Summit Financial Strategies, Inc. 11.76% of their portfolio Columbus, OH 1,382,1861.4m $76.9m $76.9m 11.76% Reduced -16.9k -16,947
23 CAPTRUST FINANCIAL ADVISORS 0.26% of their portfolio RALEIGH, NC 1,353,7781.4m $75.4m $75.4m 0.26% Reduced -74.1k -74,125
24 Mariner, LLC 0.16% of their portfolio Overland Park, KS 1,242,2271.2m $69.2m $69.2m 0.16% Added +5.5k +5,461
25 ENVESTNET ASSET MANAGEMENT INC 0.03% of their portfolio Berwyn, PA 1,165,4391.2m $64.9m $64.9m 0.03% Reduced -127.2k -127,187
26 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,157,0461.2m $64.4m $64.4m 0.00% Added +1.0m +1,041,544
27 Ballentine Partners, LLC 1.27% of their portfolio Waltham, MA 1,118,2261.1m $62.3m $62.3m 1.27% Added +13.8k +13,757
28 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 1,076,2891.1m $59.9m $59.9m 0.01% Added +118.3k +118,293
29 NATIONAL BANK OF CANADA /FI/ 0.11% of their portfolio MONTREAL, A8 1,075,6221.1m $59.5m $59.5m 0.11% Added +162.8k +162,792
30 Morton Brown Family Wealth, LLC 25.40% of their portfolio ALLENTOWN, PA 1,041,5311.0m $58.0m $58.0m 25.40% Added +34.4k +34,367
31 HBK Sorce Advisory LLC 2.21% of their portfolio ERIE, PA 1,029,7681.0m $57.3m $57.3m 2.21% Reduced -43.0k -43,000
32 Circle Wealth Management, LLC 1.45% of their portfolio SUMMIT, NJ 1,025,9831.0m $57.1m $57.1m 1.45% Added +786 +786
33 Accredited Investors Inc. 3.98% of their portfolio EDINA, MN 1,009,1131.0m $56.2m $56.2m 3.98% Added +84.6k +84,558
34 Asset Advisors Investment Management, LLC 6.82% of their portfolio AUGUSTA, GA 1,003,5841.0m $55.9m $55.9m 6.82% Added +27.1k +27,127
35 Socha Financial Group, LLC 26.44% of their portfolio CORNING, NY 990,003990.0k $55.1m $55.1m 26.44% Reduced -5.7k -5,740
36 NORTH STAR ASSET MANAGEMENT INC 2.68% of their portfolio NEENAH, WI 942,554942.6k $52.5m $52.5m 2.68% Added +33.9k +33,943
37 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 1.26% of their portfolio MINNEAPOLIS, MN 912,272912.3k $50.8m $50.8m 1.26% Reduced -4.4k -4,430
38 AGILIS PARTNERS LLC 13.24% of their portfolio WALTHAM, MA 903,629903.6k $50.3m $50.3m 13.24% Added +55.7k +55,670
39 BROWN ADVISORY INC 0.07% of their portfolio BALTIMORE, MD 836,174836.2k $46.5m $46.5m 0.07% Added +3.9k +3,920
40 Caprock Group, LLC 2.81% of their portfolio BOISE, ID 790,598790.6k $44.0m $44.0m 2.81% Added +4.1k +4,066
41 MANCHESTER FINANCIAL INC 12.12% of their portfolio Westlake Village, CA 779,515779.5k $43.4m $43.4m 12.12% Reduced -3.2k -3,222
42 D L CARLSON INVESTMENT GROUP INC 9.05% of their portfolio CONCORD, NH 758,815758.8k $44.5m $44.5m 9.05% Added +181.5k +181,456
43 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 758,179758.2k $42.2m $42.2m 0.01% Added +8.0k +7,950
44 MERCER GLOBAL ADVISORS INC /ADV 0.13% of their portfolio DENVER, CO 748,577748.6k $41.7m $41.7m 0.13% Reduced -36.1k -36,119
45 Compass Advisory Group LLC 19.49% of their portfolio MELVILLE, NY 730,442730.4k $40.7m $40.7m 19.49% Added +579.7k +579,689
46 Members Advisory Group LLC 23.66% of their portfolio WILLIAMSVILLE, NY 721,681721.7k $40.2m $40.2m 23.66% Reduced -26.1k -26,113
47 MYECFO, LLC 25.28% of their portfolio La Jolla, CA 720,615720.6k $40.1m $40.1m 25.28% Added +30.5k +30,500
48 Creative Planning 0.07% of their portfolio OVERLAND PARK, KS 682,939682.9k $38.0m $38.0m 0.07% Reduced -25.0k -25,045
49 OneDigital Investment Advisors LLC 0.63% of their portfolio OVERLAND PARK, KS 642,199642.2k $35.8m $35.8m 0.63% Added +374.3k +374,305
50 Bluespring Wealth Management, LLC 4.23% of their portfolio AUSTIN, TX 641,358641.4k $35.7m $35.7m 4.23% Reduced -4.9k -4,920
51 Savant Capital, LLC 0.43% of their portfolio ROCKFORD, IL 605,620605.6k $33.7m $33.7m 0.43% Added +14.6k +14,586
52 Legacy Financial Strategies, LLC 9.23% of their portfolio OVERLAND PARK, KS 581,452581.5k $32.4m $32.4m 9.23% Added +9.8k +9,806
53 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 569,299569.3k $31.7m $31.7m 0.01% Added +401.5k +401,485
54 TRUIST FINANCIAL CORP 0.05% of their portfolio CHARLOTTE, NC 567,123567.1k $31.6m $31.6m 0.05% Reduced -52.1k -52,072
55 WBH ADVISORY INC 3.45% of their portfolio BALTIMORE, MD 556,907556.9k $31.0m $31.0m 3.45% Added +14.7k +14,679
56 Ethos Financial Group, LLC 6.51% of their portfolio KING OF PRUSSIA, PA 549,763549.8k $30.6m $30.6m 6.51% Added +86.7k +86,729
57 Compass Financial Group, INC/SD 7.99% of their portfolio Sioux Falls, SD 543,789543.8k $30.3m $30.3m 7.99% Added +114.5k +114,531
58 Buckingham Capital Management, Inc. 3.99% of their portfolio DAYTON, OH 535,727535.7k $29.8m $29.8m 3.99% Added +7.2k +7,237
59 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 528,694528.7k $29.4m $29.4m 0.02% Added +30.4k +30,402
60 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.09% of their portfolio PLYMOUTH, MN 528,604528.6k $29.4m $29.4m 0.09% Added +21.0k +21,015
61 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 511,997512.0k $28.5m $28.5m 0.01% Added +41.7k +41,658
62 Cape Investment Advisory, Inc. 13.75% of their portfolio MCDONOUGH, GA 505,276505.3k $28.1m $28.1m 13.75% Reduced -654 -654
63 Legacy Private Trust Co. 2.17% of their portfolio NEENAH, WI 489,479489.5k $27.2m $27.2m 2.17% Added +8.3k +8,323
64 FIRST NATIONAL CORP /MA/ /ADV 6.49% of their portfolio ROCKLAND, MA 475,143475.1k $26.5m $26.5m 6.49% Reduced -13.2k -13,241
65 OSAIC HOLDINGS, INC. 0.05% of their portfolio SCOTTSDALE, AZ 468,751468.8k $26.1m $26.1m 0.05% Reduced -65.3k -65,345
66 Jaffetilchin Investment Partners, LLC 2.53% of their portfolio TAMPA, FL 465,685465.7k $25.9m $25.9m 2.53% Added +65.0k +65,011
67 SYM FINANCIAL Corp 3.93% of their portfolio WINONA LAKE, IN 435,695435.7k $24.3m $24.3m 3.93% Reduced -107.4k -107,355
68 Sunburst Financial Group, LLC 7.46% of their portfolio VESTAVIA HILLS, AL 432,616432.6k $24.1m $24.1m 7.46% Added +35.2k +35,178
69 PINKERTON WEALTH, LLC 4.61% of their portfolio COEUR D ALENE, ID 430,244430.2k $24.0m $24.0m 4.61% Reduced -135.8k -135,813
70 FSA WEALTH PARTNERS, INC. 6.72% of their portfolio Rockville, MD 422,322422.3k $23.5m $23.5m 6.72% New
71 WT Wealth Management 9.19% of their portfolio SCOTTSDALE, AZ 417,893417.9k $23.3m $23.3m 9.19% Added +380 +380
72 Truepoint, Inc. 0.67% of their portfolio CINCINNATI, OH 410,822410.8k $22.9m $22.9m 0.67% Reduced -7.4k -7,353
73 FOCUS FINANCIAL NETWORK INC /ADV 0.86% of their portfolio Minneapolis, MN 410,055410.1k $22.8m $22.8m 0.86% First filing
74 PATRIOT INVESTMENT MANAGEMENT GROUP, INC. 1.94% of their portfolio KNOXVILLE, TN 408,385408.4k $22.7m $22.7m 1.94% Reduced -15.8k -15,761
75 Pegasus Asset Management, Inc. 9.56% of their portfolio MORRISTOWN, NJ 400,763400.8k $22.3m $22.3m 9.56% Added +4.8k +4,793
76 Cerity Partners LLC 0.07% of their portfolio NEW YORK, NY 394,955395.0k $22.0m $22.0m 0.07% Added +285.1k +285,145
77 Winthrop Advisory Group LLC 3.37% of their portfolio BOSTON, MA 387,958388.0k $21.6m $21.6m 3.37% Added +15.0k +15,021
78 Gemmer Asset Management LLC 2.62% of their portfolio WALNUT CREEK, CA 383,592383.6k $21.4m $21.4m 2.62% Added +40.5k +40,477
79 OGOREK ANTHONY JOSEPH /NY/ /ADV 7.61% of their portfolio WILLIAMSVILLE, NY 375,964376.0k $20.9m $20.9m 7.61% Added +19.3k +19,326
80 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.17% of their portfolio IRVING, TX 373,948373.9k $20.8m $20.8m 0.17% Reduced -90.8k -90,781
81 Strategic Advisors LLC 3.92% of their portfolio New York, NY 372,507372.5k $20.7m $20.7m 3.92% Added +3.1k +3,053
82 Bartlett & Co. LLC 0.34% of their portfolio CINCINNATI, OH 372,024372.0k $20.8m $20.8m 0.34% Reduced -54.5k -54,545
83 BARTLETT & CO. WEALTH MANAGEMENT LLC 0.34% of their portfolio CINCINNATI, OH 372,024372.0k $20.8m $20.8m 0.34% Reduced -54.5k -54,545
84 American Investment Services, Inc. 3.89% of their portfolio GREAT BARRINGTON, MA 370,768370.8k $20.6m $20.6m 3.89% Reduced -12 -12
85 Shilanski & Associates, Inc. 7.61% of their portfolio ANCHORAGE, AK 358,930358.9k $20.0m $20.0m 7.61% Added +43.0k +42,992
86 Goepper Burkhardt LLC 10.29% of their portfolio GREENVILLE, SC 353,957354.0k $20.7m $20.7m 10.29% Added +3.2k +3,166
87 COBBLESTONE CAPITAL ADVISORS LLC /NY/ 1.28% of their portfolio ROCHESTER, NY 350,674350.7k $19.5m $19.5m 1.28% Reduced -12.6k -12,555
88 Meridian Wealth Partners, LLC 3.68% of their portfolio EXTON, PA 346,540346.5k $19.3m $19.3m 3.68% Added +1.1k +1,110
89 Genesee Capital Advisors, LLC 11.74% of their portfolio AUBURN, NY 341,857341.9k $19.0m $19.0m 11.74% Added +57.8k +57,809
90 Avior Wealth Management, LLC 1.15% of their portfolio OMAHA, NE 339,656339.7k $18.9m $18.9m 1.15% Reduced -1.9k -1,868
91 Strategic Financial Planning, Inc. 14.76% of their portfolio PLANO, TX 339,229339.2k $18.9m $18.9m 14.76% Added +24.4k +24,364
92 GSG Advisors LLC 6.89% of their portfolio MOUNT LAUREL, NJ 334,561334.6k $18.3m $18.3m 6.89% Added +23.6k +23,560
93 VALLEY NATIONAL ADVISERS INC 2.88% of their portfolio BETHLEHEM, PA 325,695325.7k $18.1m $18.1m 2.88% Added +58.8k +58,808
94 Cambridge Investment Research Advisors, Inc. 0.08% of their portfolio FAIRFIELD, IA 323,364323.4k $18.0m $18.0m 0.08% Added +45.4k +45,393
95 Nalls Sherbakoff Group, LLC 15.90% of their portfolio KNOXVILLE, TN 320,857320.9k $17.9m $17.9m 15.90% Added +3.1k +3,129
96 Carlton Hofferkamp & Jenks Wealth Management, LLC 7.56% of their portfolio THE WOODLANDS, TX 320,200320.2k $18.1m $18.1m 7.56% Reduced -4.7k -4,710
97 UBS Group AG 0.01% of their portfolio ZURICH, V8 314,709314.7k $17.5m $17.5m 0.01% Reduced -69.4k -69,386
98 Great Lakes Retirement, Inc. 2.85% of their portfolio SANDUSKY, OH 311,389311.4k $17.3m $17.3m 2.85% Reduced -3.8k -3,814
99 MARSHALL FINANCIAL GROUP INC /ADV 6.04% of their portfolio DOYLESTOWN, PA 303,599303.6k $16.9m $16.9m 6.04% Reduced -5.6k -5,609
100 Leading Edge Financial Planning LLC 8.58% of their portfolio KNOXVILLE, TN 297,097297.1k $16.5m $16.5m 8.58% Added +138.1k +138,115