Vault-13

SCHWAB STRATEGIC TR SCHB

US BRD MKT ETF · ETP · CUSIP 808524102

1,177 institutional holders -7 vs Q4 2024
475,294,874475.3m shares reported held*
$10.2bnreported value*
66 new 463 added 434 reduced 57 sold out net bought ≈ $66.2m (+3.4m 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 ($8.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $21.53. Options: 5 managers hold calls ($7.7m notional), 2 hold puts ($347.9k).

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 862Q4 22: 934Q1 23: 928Q2 23: 951Q3 23: 947Q4 23: 1,041Q1 24: 1,077Q2 24: 1,088Q3 24: 1,106Q4 24: 1,184Q1 25: 1,1771,177Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 2022862
Q4 2022934
Q1 2023928
Q2 2023951
Q3 2023947
Q4 20231,041
Q1 20241,077
Q2 20241,088
Q3 20241,106
Q4 20241,184
Q1 20251,177

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ2 23: 413 bought or addedQ2 23: 383 cut or sold outQ3 23: 417 bought or addedQ3 23: 410 cut or sold outQ3 23Q4 23: 487 bought or addedQ4 23: 366 cut or sold outQ1 24: 484 bought or addedQ1 24: 446 cut or sold outQ1 24Q2 24: 399 bought or addedQ2 24: 454 cut or sold outQ3 24: 510 bought or addedQ3 24: 436 cut or sold outQ3 24Q4 24: 503 bought or addedQ4 24: 490 cut or sold outQ1 25: 529 bought or addedQ1 25: 491 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 2023413383
Q3 2023417410
Q4 2023487366
Q1 2024484446
Q2 2024399454
Q3 2024510436
Q4 2024503490
Q1 2025529491

Calls vs puts

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

CallsPuts
$0$5m$10m$15mQ2 24 calls: $11.3mQ2 24 puts: $1.2mQ2 24P/C 0.11Q3 24 calls: $10.9mQ3 24 puts: $1.4mQ3 24P/C 0.13Q4 24 calls: $8.1mQ4 24 puts: $467.1kQ4 24P/C 0.06Q1 25 calls: $7.7mQ1 25 puts: $347.9kQ1 25P/C 0.05
Numbers
QuarterCallsPutsP/C
Q2 2024$11.3m$1.2m0.11
Q3 2024$10.9m$1.4m0.13
Q4 2024$8.1m$467.1k0.06
Q1 2025$7.7m$347.9k0.05

Biggest buyers

Gallagher Fiduciary Advisors, LLC New +2,703,208+2.7m
Kestra Advisory Services, LLC Added +1,903,192+1.9m
Capital Management Associates, Inc Added +1,828,084+1.8m
SCS Capital Management LLC Added +1,697,159+1.7m
Waverly Advisors, LLC Added +1,553,773+1.6m
Facet Wealth, Inc. Added +984,599+984.6k
LPL Financial LLC Added +603,059+603.1k
Allworth Financial LP Added +565,439+565.4k
GOLDMAN SACHS GROUP INC Added +518,984+519.0k
Wealthspire Advisors, LLC Added +496,815+496.8k

Biggest sellers

Empower Advisory Group, LLC Reduced -4,310,296-4.3m
Retirement Planning Group, LLC Reduced -3,999,484-4.0m
Wealthfront Advisers LLC Reduced -1,796,603-1.8m
Weaver Capital Management LLC Sold out -1,493,645-1.5m
FSA WEALTH PARTNERS, INC. Sold out -1,097,994-1.1m
Focus Partners Wealth Reduced -1,084,718-1.1m
Betterment LLC Reduced -519,518-519.5k
TWO SIGMA INVESTMENTS, LP Reduced -379,400-379.4k
Intrua Financial, LLC Reduced -339,570-339.6k
Evensky & Katz LLC Reduced -304,374-304.4k

Biggest calls

CITADEL ADVISORS LLC Added $3.7m170.9k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $3.5m160.6k shares
GROUP ONE TRADING LLC Added $335.9k15.6k shares
JANE STREET GROUP, LLC New $200.2k9.3k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

WOLVERINE TRADING, LLC New $201.5k9.4k shares
CITADEL ADVISORS LLC Added $146.4k6.8k 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, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Wealthfront Advisers LLC 3.38% of their portfolio Palo Alto, CA 58,426,34958.4m $1.3bn $1.3bn 3.38% Reduced -1.8m -1,796,603
2 Betterment LLC 0.88% of their portfolio NEW YORK, NY 17,254,10217.3m $371.5m $371.5m 0.88% Reduced -519.5k -519,518
3 REBALANCE, LLC 18.94% of their portfolio PALO ALTO, CA 11,949,83811.9m $257.3m $257.3m 18.94% Added +478.8k +478,833
4 SCS Capital Management LLC 3.26% of their portfolio BOSTON, MA 11,901,17611.9m $256.2m $256.2m 3.26% Added +1.7m +1,697,159
5 Evensky & Katz LLC 13.03% of their portfolio CORAL GABLES, FL 9,020,7399.0m $194.2m $194.2m 13.03% Reduced -304.4k -304,374
6 HENGEHOLD CAPITAL MANAGEMENT LLC 18.45% of their portfolio CINCINNATI, OH 9,013,1419.0m $194.1m $194.1m 18.45% Added +70.7k +70,735
7 Strid Group, LLC 28.80% of their portfolio NEWTOWN SQUARE, PA 8,614,3028.6m $185.5m $185.5m 28.80% Added +84.1k +84,076
8 Bouchey Financial Group, Ltd. 16.00% of their portfolio TROY, NY 8,238,4658.2m $177.4m $177.4m 16.00% Added +72.7k +72,697
9 HighTower Advisors, LLC 0.23% of their portfolio CHICAGO, IL 7,934,5987.9m $170.8m $170.8m 0.23% Reduced -211.6k -211,606
10 HB Wealth Management, LLC 1.17% of their portfolio Atlanta, GA 6,470,8776.5m $139.3m $139.3m 1.17% Reduced -34.8k -34,791
11 HT Partners LLC 47.00% of their portfolio CENTERBROOK, CT 6,363,1616.4m $137.0m $137.0m 47.00% Added +309.8k +309,830
12 Hanson & Doremus Investment Management 19.76% of their portfolio BURLINGTON, VT 6,283,6436.3m $135.3m $135.3m 19.76% Added +382.3k +382,272
13 Evergreen Advisors, LLC 37.50% of their portfolio CHATTANOOGA, TN 6,274,4676.3m $135.1m $135.1m 37.50% Reduced -92.4k -92,406
14 Callan Capital, LLC 9.41% of their portfolio LA JOLLA, CA 5,911,4205.9m $127.3m $127.3m 9.41% Reduced -51.9k -51,943
15 Forvis Mazars Wealth Advisors, LLC 2.90% of their portfolio Springfield, MO 5,611,9915.6m $120.8m $120.8m 2.90% Reduced -82.6k -82,604
16 Accredited Investors Inc. 6.54% of their portfolio EDINA, MN 4,893,3374.9m $105.4m $105.4m 6.54% Added +18.5k +18,549
17 NATIONAL BANK OF CANADA /FI/ 0.11% of their portfolio MONTREAL, A8 4,420,8524.4m $95.2m $95.2m 0.11% Added +276.4k +276,390
18 Mariner, LLC 0.15% of their portfolio Overland Park, KS 4,286,3304.3m $92.3m $92.3m 0.15% Added +290.0k +290,047
19 TruNorth Capital Management, LLC 22.75% of their portfolio KALAMAZOO, MI 4,251,1364.3m $91.5m $91.5m 22.75% Added +243.4k +243,445
20 HHM Wealth Advisors, LLC 12.07% of their portfolio CHATTANOOGA, TN 4,164,1674.2m $89.7m $89.7m 12.07% Added +142.4k +142,398
21 Summit Financial Strategies, Inc. 8.43% of their portfolio Columbus, OH 3,882,5613.9m $83.6m $83.6m 8.43% Reduced -170.5k -170,518
22 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 3,714,0703.7m $80.0m $80.0m 0.01% Added +391.7k +391,746
23 Morton Brown Family Wealth, LLC 26.95% of their portfolio ALLENTOWN, PA 3,682,7623.7m $79.3m $79.3m 26.95% Added +112.2k +112,188
24 Capital Management Associates, Inc 17.20% of their portfolio MINNEAPOLIS, MN 3,527,2823.5m $75.9m $75.9m 17.20% Added +1.8m +1,828,084
25 MANCHESTER FINANCIAL INC 16.97% of their portfolio Westlake Village, CA 3,499,9443.5m $75.4m $75.4m 16.97% Added +8.4k +8,448
26 CAPTRUST FINANCIAL ADVISORS 0.18% of their portfolio RALEIGH, NC 3,385,6103.4m $72.9m $72.9m 0.18% Added +64.7k +64,697
27 Socha Financial Group, LLC 33.70% of their portfolio CORNING, NY 3,203,1133.2m $69.0m $69.0m 33.70% Added +102.1k +102,133
28 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 3,143,4503.1m $67.7m $67.7m 0.01% Added +58.4k +58,449
29 HBK Sorce Advisory LLC 1.96% of their portfolio ERIE, PA 3,094,5243.1m $66.6m $66.6m 1.96% Added +30.1k +30,074
30 Ballentine Partners, LLC 1.15% of their portfolio Waltham, MA 3,085,9033.1m $66.4m $66.4m 1.15% Reduced -36.9k -36,930
31 Compass Financial Group, INC/SD 12.07% of their portfolio Sioux Falls, SD 2,963,0183.0m $63.8m $63.8m 12.07% Added +242.8k +242,795
32 NORTH STAR ASSET MANAGEMENT INC 2.86% of their portfolio NEENAH, WI 2,909,2292.9m $62.6m $62.6m 2.86% Reduced -34.1k -34,149
33 Asset Advisors Investment Management, LLC 6.46% of their portfolio AUGUSTA, GA 2,854,5232.9m $61.5m $61.5m 6.46% Reduced -14.5k -14,547
34 BROWN ADVISORY INC 0.09% of their portfolio BALTIMORE, MD 2,820,1102.8m $60.7m $60.7m 0.09% Added +16.9k +16,934
35 D L CARLSON INVESTMENT GROUP INC 11.43% of their portfolio CONCORD, NH 2,763,5012.8m $59.5m $59.5m 11.43% Added +18.6k +18,589
36 Circle Wealth Management, LLC 1.38% of their portfolio SUMMIT, NJ 2,758,0082.8m $59.4m $59.4m 1.38% Reduced -269.2k -269,205
37 Waverly Advisors, LLC 0.72% of their portfolio BIRMINGHAM, AL 2,737,6722.7m $58.9m $58.9m 0.72% Added +1.6m +1,553,773
38 Gallagher Fiduciary Advisors, LLC 1.91% of their portfolio ROLLING MEADOWS, IL 2,703,2082.7m $58.2m $58.2m 1.91% New
39 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 2,674,2162.7m $57.6m $57.6m 0.02% Added +603.1k +603,059
40 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 1.03% of their portfolio MINNEAPOLIS, MN 2,557,9852.6m $55.1m $55.1m 1.03% Reduced -194.3k -194,333
41 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 2,513,5522.5m $54.1m $54.1m 0.01% Added +77.7k +77,741
42 Legacy Financial Strategies, LLC 11.66% of their portfolio OVERLAND PARK, KS 2,484,4432.5m $53.5m $53.5m 11.66% Added +109.9k +109,858
43 MYECFO, LLC 26.99% of their portfolio La Jolla, CA 2,368,2352.4m $51.0m $51.0m 26.99% Added +98.0k +97,986
44 Compass Advisory Group LLC 17.54% of their portfolio MELVILLE, NY 2,340,1312.3m $50.4m $50.4m 17.54% Added +4.4k +4,416
45 Caprock Group, LLC 1.45% of their portfolio BOISE, ID 2,207,2082.2m $47.5m $47.5m 1.45% Reduced -33.4k -33,428
46 WBH ADVISORY INC 4.27% of their portfolio BALTIMORE, MD 2,125,0482.1m $45.8m $45.8m 4.27% Added +87.2k +87,197
47 Creative Planning 0.04% of their portfolio OVERLAND PARK, KS 2,100,1932.1m $45.2m $45.2m 0.04% Added +12.7k +12,746
48 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.09% of their portfolio PLYMOUTH, MN 2,095,5002.1m $45.1m $45.1m 0.09% Added +179.0k +178,997
49 Aptus Capital Advisors, LLC 0.50% of their portfolio FAIRHOPE, AL 2,047,6072.0m $44.1m $44.1m 0.50% Added +56.6k +56,626
50 Kestra Advisory Services, LLC 0.23% of their portfolio AUSTIN, TX 2,008,5162.0m $47.4m $47.4m 0.23% Added +1.9m +1,903,192
51 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 2,007,2382.0m $43.2m $43.2m 0.01% Added +101.4k +101,409
52 MERCER GLOBAL ADVISORS INC /ADV 0.10% of their portfolio DENVER, CO 1,999,8752.0m $43.1m $43.1m 0.10% Reduced -6.2k -6,196
53 Sunburst Financial Group, LLC 10.56% of their portfolio VESTAVIA HILLS, AL 1,997,8282.0m $43.0m $43.0m 10.56% Added +58.0k +57,988
54 TRUIST FINANCIAL CORP 0.07% of their portfolio CHARLOTTE, NC 1,946,7351.9m $41.9m $41.9m 0.07% Added +170.6k +170,578
55 Savant Capital, LLC 0.35% of their portfolio ROCKFORD, IL 1,905,5381.9m $41.0m $41.0m 0.35% Added +217.3k +217,280
56 Ethos Financial Group, LLC 4.06% of their portfolio KING OF PRUSSIA, PA 1,869,3181.9m $42.4m $42.4m 4.06% Reduced -1.7k -1,653
57 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 1,863,7871.9m $40.1m $40.1m 0.01% Reduced -63.6k -63,595
58 Bluespring Wealth Management, LLC 4.08% of their portfolio AUSTIN, TX 1,858,4691.9m $40.0m $40.0m 4.08% Reduced -75.1k -75,066
59 Retirement Planning Group, LLC 1.80% of their portfolio LEAWOOD, KS 1,778,1531.8m $38.3m $38.3m 1.80% Reduced -4.0m -3,999,484
60 Roundview Capital LLC 2.62% of their portfolio PRINCETON, NJ 1,683,5871.7m $36.2m $36.2m 2.62% Added +94.3k +94,287
61 Members Advisory Group LLC 15.08% of their portfolio WILLIAMSVILLE, NY 1,676,3551.7m $36.1m $36.1m 15.08% Added +76.6k +76,569
62 OneDigital Investment Advisors LLC 0.41% of their portfolio OVERLAND PARK, KS 1,609,4931.6m $34.7m $34.7m 0.41% Reduced -271.8k -271,807
63 Boulder Wealth Advisors, LLC 19.56% of their portfolio BOULDER, CO 1,560,6161.6m $33.6m $33.6m 19.56% Added +35.3k +35,343
64 Cape Investment Advisory, Inc. 13.37% of their portfolio MCDONOUGH, GA 1,559,1901.6m $33.6m $33.6m 13.37% Reduced -18.0k -17,997
65 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 1,549,5721.5m $33.4m $33.4m 0.01% Added +519.0k +518,984
66 Jaffetilchin Investment Partners, LLC 2.37% of their portfolio TAMPA, FL 1,515,4791.5m $32.6m $32.6m 2.37% Reduced -28.4k -28,412
67 Genesee Capital Advisors, LLC 16.05% of their portfolio AUBURN, NY 1,490,8061.5m $32.1m $32.1m 16.05% Reduced -44.9k -44,924
68 Allworth Financial LP 0.17% of their portfolio FOLSOM, CA 1,453,2111.5m $30.6m $30.6m 0.17% Added +565.4k +565,439
69 Winthrop Advisory Group LLC 3.71% of their portfolio BOSTON, MA 1,432,5821.4m $30.8m $30.8m 3.71% Reduced -43.8k -43,797
70 Cambridge Investment Research Advisors, Inc. 0.10% of their portfolio FAIRFIELD, IA 1,411,6281.4m $30.4m $30.4m 0.10% Reduced -101.6k -101,638
71 Leading Edge Financial Planning LLC 8.64% of their portfolio KNOXVILLE, TN 1,283,8641.3m $27.6m $27.6m 8.64% Added +46.5k +46,536
72 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 1,282,2781.3m $27.6m $27.6m 0.01% Added +67.9k +67,867
73 WT Wealth Management 8.95% of their portfolio SCOTTSDALE, AZ 1,280,2121.3m $27.6m $27.6m 8.95% Added +11.5k +11,531
74 UBS Group AG 0.01% of their portfolio ZURICH, V8 1,240,0171.2m $26.7m $26.7m 0.01% Reduced -43.0k -43,001
75 Pegasus Asset Management, Inc. 10.25% of their portfolio MORRISTOWN, NJ 1,189,3111.2m $25.6m $25.6m 10.25% Reduced -22.3k -22,325
76 Legacy Private Trust Co. 1.74% of their portfolio NEENAH, WI 1,172,7531.2m $25.2m $25.2m 1.74% Reduced -297.8k -297,779
77 Gemmer Asset Management LLC 2.52% of their portfolio WALNUT CREEK, CA 1,171,7871.2m $25.2m $25.2m 2.52% Added +10.0k +10,008
78 Truepoint, Inc. 0.68% of their portfolio CINCINNATI, OH 1,162,9781.2m $25.0m $25.0m 0.68% Reduced -15.5k -15,543
79 Strategic Advisors LLC 4.82% of their portfolio New York, NY 1,162,7311.2m $25.0m $25.0m 4.82% Added +119.5k +119,453
80 Shilanski & Associates, Inc. 7.80% of their portfolio ANCHORAGE, AK 1,161,3011.2m $25.0m $25.0m 7.80% Added +41.0k +40,976
81 Focus Partners Wealth 0.06% of their portfolio ST LOUIS, MO 1,115,5721.1m $24.0m $24.0m 0.06% Reduced -1.1m -1,084,718
82 Cerity Partners LLC 0.05% of their portfolio NEW YORK, NY 1,108,9831.1m $23.9m $23.9m 0.05% Reduced -66.2k -66,237
83 VALLEY NATIONAL ADVISERS INC 4.29% of their portfolio BETHLEHEM, PA 1,103,8221.1m $23.8m $23.8m 4.29% Added +35.5k +35,516
84 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,097,3141.1m $23.6m $23.6m 0.00% Added +334 +334
85 BOYUM WEALTH ARCHITECTS LLC 22.82% of their portfolio BLOOMINGTON, MN 1,090,3691.1m $23.5m $23.5m 22.82% First filing
86 Transform Wealth, LLC 1.41% of their portfolio GREENWOOD VILLAGE, CO 1,084,0591.1m $23.3m $23.3m 1.41% Reduced -277 -277
87 Goepper Burkhardt LLC 9.16% of their portfolio GREENVILLE, SC 1,064,6221.1m $22.9m $22.9m 9.16% Reduced -5.2k -5,175
88 PATRIOT INVESTMENT MANAGEMENT GROUP, INC. 1.72% of their portfolio KNOXVILLE, TN 1,062,6911.1m $22.9m $22.9m 1.72% Reduced -44.4k -44,350
89 ROBINSON SMITH WEALTH ADVISORS LLC 19.11% of their portfolio South Portland, ME 1,060,4331.1m $22.8m $22.8m 19.11% Added +20.3k +20,292
90 GSG Advisors LLC 7.22% of their portfolio MOUNT LAUREL, NJ 1,053,3711.1m $22.0m $22.0m 7.22% Added +45.0k +45,022
91 BARTLETT & CO. WEALTH MANAGEMENT LLC 0.33% of their portfolio CINCINNATI, OH 1,053,0931.1m $22.7m $22.7m 0.33% Reduced -26.3k -26,343
92 Facet Wealth, Inc. 0.59% of their portfolio WEST PALM BEACH, FL 1,052,6941.1m $22.8m $22.8m 0.59% Added +984.6k +984,599
93 Global Wealth Management, LLC 13.05% of their portfolio KINGSTON, NJ 1,050,8071.1m $22.6m $22.6m 13.05% Reduced -7.4k -7,436
94 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 1,047,0681.0m $22.5m $22.5m 0.01% Added +94.7k +94,695
95 Avior Wealth Management, LLC 0.83% of their portfolio OMAHA, NE 1,011,7681.0m $21.8m $21.8m 0.83% Reduced -13.5k -13,517
96 MAI Capital Management 0.16% of their portfolio INDEPENDENCE, OH 1,006,1581.0m $21.7m $21.7m 0.16% Added +12.3k +12,328
97 Phil A. Younker & Associates, Ltd. 21.28% of their portfolio FAIRBANKS, AK 1,004,1361.0m $21.6m $21.6m 21.28% Reduced -78.7k -78,680
98 Wealthspire Advisors, LLC 0.13% of their portfolio NEW YORK, NY 1,003,9181.0m $21.6m $21.6m 0.13% Added +496.8k +496,815
99 SYM FINANCIAL Corp 2.66% of their portfolio WINONA LAKE, IN 1,002,5541.0m $21.6m $21.6m 2.66% Added +222.3k +222,348
100 FIRST NATIONAL CORP /MA/ /ADV 4.69% of their portfolio ROCKLAND, MA 986,961987.0k $21.2m $21.2m 4.69% Reduced -35.3k -35,308