Vault-13

SCHWAB STRATEGIC TR SCHB

US BRD MKT ETF · ETP · CUSIP 808524102

1,216 institutional holders +39 vs Q1 2025
538,701,248538.7m shares reported held*
$11.3bnreported value*
86 new 497 added 428 reduced 46 sold out net bought ≈ $309.5m (+75.2m 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 ($10.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $20.99. Options: 4 managers hold calls ($11.9m notional), 0 hold puts (—).

Trends to Q2 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: 1,177Q2 25: 1,2161,216Q3 22Q2 23Q1 24Q4 24Q2 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
Q2 20251,216

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ3 23: 417 bought or addedQ3 23: 410 cut or sold outQ4 23: 487 bought or addedQ4 23: 366 cut or sold outQ4 23Q1 24: 484 bought or addedQ1 24: 446 cut or sold outQ2 24: 399 bought or addedQ2 24: 454 cut or sold outQ2 24Q3 24: 510 bought or addedQ3 24: 436 cut or sold outQ4 24: 503 bought or addedQ4 24: 490 cut or sold outQ4 24Q1 25: 529 bought or addedQ1 25: 491 cut or sold outQ2 25: 583 bought or addedQ2 25: 474 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023417410
Q4 2023487366
Q1 2024484446
Q2 2024399454
Q3 2024510436
Q4 2024503490
Q1 2025529491
Q2 2025583474

Calls vs puts

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

CallsPuts
$0$5m$10m$15mQ3 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 0.05Q2 25 calls: $11.9mQ2 25 puts: $0Q2 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2024$10.9m$1.4m0.13
Q4 2024$8.1m$467.1k0.06
Q1 2025$7.7m$347.9k0.05
Q2 2025$11.9m$00.00

Biggest buyers

Gallagher Fiduciary Advisors, LLC Added +62,061,116+62.1m
AlphaCore Capital LLC Added +5,556,673+5.6m
ROYAL BANK OF CANADA Added +2,788,794+2.8m
JONES FINANCIAL COMPANIES LLLP Added +1,474,120+1.5m
HHM Wealth Advisors, LLC Added +1,304,073+1.3m
REBALANCE, LLC Added +1,209,350+1.2m
Quantinno Capital Management LP Added +1,116,125+1.1m
NorthCoast Asset Management LLC Added +908,659+908.7k
MERCER GLOBAL ADVISORS INC /ADV Added +870,534+870.5k
Winthrop Advisory Group LLC Added +852,738+852.7k

Biggest sellers

Socha Financial Group, LLC Reduced -2,271,625-2.3m
Wealthfront Advisers LLC Reduced -2,065,401-2.1m
Capital Management Associates, Inc Reduced -1,752,141-1.8m
CHARLES SCHWAB INVESTMENT MANAGEMENT INC Reduced -830,667-830.7k
HENGEHOLD CAPITAL MANAGEMENT LLC Reduced -562,347-562.3k
MORGAN STANLEY Reduced -507,563-507.6k
B. Riley Wealth Advisors, Inc. Reduced -487,278-487.3k
GOLDMAN SACHS GROUP INC Reduced -468,612-468.6k
Betterment LLC Reduced -426,704-426.7k
TRUIST FINANCIAL CORP Reduced -417,060-417.1k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $8.1m338.4k shares
CITADEL ADVISORS LLC Reduced $3.6m151.8k shares
GROUP ONE TRADING LLC Reduced $174.0k7.3k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

None

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, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Gallagher Fiduciary Advisors, LLC 0.10% of their portfolio ROLLING MEADOWS, IL 64,764,32464.8m $2.7m $2.7m 0.10% Added +62.1m +62,061,116
2 Wealthfront Advisers LLC 3.46% of their portfolio Palo Alto, CA 56,360,94856.4m $1.3bn $1.3bn 3.46% Reduced -2.1m -2,065,401
3 Betterment LLC 0.85% of their portfolio NEW YORK, NY 16,827,39816.8m $401.0m $401.0m 0.85% Reduced -426.7k -426,704
4 REBALANCE, LLC 21.31% of their portfolio PALO ALTO, CA 13,159,18813.2m $313.6m $313.6m 21.31% Added +1.2m +1,209,350
5 SCS Capital Management LLC 3.23% of their portfolio BOSTON, MA 12,223,39612.2m $291.3m $291.3m 3.23% Added +322.2k +322,220
6 Evensky & Katz LLC 12.78% of their portfolio CORAL GABLES, FL 8,780,3328.8m $209.2m $209.2m 12.78% Reduced -240.4k -240,407
7 Strid Group, LLC 29.01% of their portfolio NEWTOWN SQUARE, PA 8,658,2378.7m $206.3m $206.3m 29.01% Added +43.9k +43,935
8 HENGEHOLD CAPITAL MANAGEMENT LLC 18.36% of their portfolio CINCINNATI, OH 8,450,7948.5m $201.4m $201.4m 18.36% Reduced -562.3k -562,347
9 Bouchey Financial Group, Ltd. 16.40% of their portfolio TROY, NY 8,275,9278.3m $197.2m $197.2m 16.40% Added +37.5k +37,462
10 HighTower Advisors, LLC 0.23% of their portfolio CHICAGO, IL 7,738,3397.7m $184.4m $184.4m 0.23% Reduced -196.3k -196,259
11 HB Wealth Management, LLC 1.24% of their portfolio Atlanta, GA 6,496,5576.5m $154.8m $154.8m 1.24% Added +25.7k +25,680
12 Hanson & Doremus Investment Management 20.42% of their portfolio BURLINGTON, VT 6,406,0966.4m $152.7m $152.7m 20.42% Added +122.5k +122,453
13 Forvis Mazars Wealth Advisors, LLC 3.21% of their portfolio Springfield, MO 6,248,8016.2m $148.9m $148.9m 3.21% Added +636.8k +636,810
14 Evergreen Advisors, LLC 38.95% of their portfolio CHATTANOOGA, TN 6,170,2406.2m $147.0m $147.0m 38.95% Reduced -104.2k -104,227
15 HT Partners LLC 44.03% of their portfolio CENTERBROOK, CT 6,047,1596.0m $144.1m $144.1m 44.03% Reduced -316.0k -316,002
16 AlphaCore Capital LLC 5.43% of their portfolio LA JOLLA, CA 5,953,4646.0m $141.9m $141.9m 5.43% Added +5.6m +5,556,673
17 HHM Wealth Advisors, LLC 15.49% of their portfolio CHATTANOOGA, TN 5,468,2405.5m $130.3m $130.3m 15.49% Added +1.3m +1,304,073
18 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 5,302,3465.3m $126.4m $126.4m 0.01% Added +2.8m +2,788,794
19 Accredited Investors Inc. 6.88% of their portfolio EDINA, MN 4,883,6824.9m $116.4m $116.4m 6.88% Reduced -9.7k -9,655
20 TruNorth Capital Management, LLC 24.70% of their portfolio KALAMAZOO, MI 4,664,1594.7m $111.1m $111.1m 24.70% Added +413.0k +413,023
21 Mariner, LLC 0.15% of their portfolio Overland Park, KS 4,217,2104.2m $100.5m $100.5m 0.15% Reduced -69.1k -69,120
22 NATIONAL BANK OF CANADA /FI/ 0.10% of their portfolio MONTREAL, A8 4,051,6384.1m $96.5m $96.5m 0.10% Reduced -369.2k -369,214
23 Morton Brown Family Wealth, LLC 27.79% of their portfolio ALLENTOWN, PA 3,833,9323.8m $91.4m $91.4m 27.79% Added +151.2k +151,170
24 Summit Financial Strategies, Inc. 8.15% of their portfolio Columbus, OH 3,696,9053.7m $88.1m $88.1m 8.15% Reduced -185.7k -185,656
25 MANCHESTER FINANCIAL INC 17.61% of their portfolio Westlake Village, CA 3,530,6393.5m $84.1m $84.1m 17.61% Added +30.7k +30,695
26 CAPTRUST FINANCIAL ADVISORS 0.18% of their portfolio RALEIGH, NC 3,396,8433.4m $80.9m $80.9m 0.18% Added +11.2k +11,233
27 Ballentine Partners, LLC 1.17% of their portfolio Waltham, MA 3,272,2793.3m $78.0m $78.0m 1.17% Added +186.4k +186,376
28 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 3,250,9283.3m $77.5m $77.5m 0.01% Added +107.5k +107,478
29 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 3,206,5073.2m $76.4m $76.4m 0.00% Reduced -507.6k -507,563
30 Compass Financial Group, INC/SD 12.48% of their portfolio Sioux Falls, SD 3,194,8023.2m $76.1m $76.1m 12.48% Added +231.8k +231,784
31 HBK Sorce Advisory LLC 2.03% of their portfolio ERIE, PA 3,146,4843.1m $75.0m $75.0m 2.03% Added +52.0k +51,960
32 MERCER GLOBAL ADVISORS INC /ADV 0.15% of their portfolio DENVER, CO 2,870,4092.9m $68.4m $68.4m 0.15% Added +870.5k +870,534
33 Asset Advisors Investment Management, LLC 6.62% of their portfolio AUGUSTA, GA 2,814,0022.8m $67.1m $67.1m 6.62% Reduced -40.5k -40,521
34 Waverly Advisors, LLC 0.73% of their portfolio BIRMINGHAM, AL 2,773,6922.8m $66.1m $66.1m 0.73% Added +36.0k +36,020
35 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 2,757,8972.8m $65.7m $65.7m 0.02% Added +83.7k +83,681
36 BROWN ADVISORY INC 0.09% of their portfolio BALTIMORE, MD 2,738,1702.7m $65.3m $65.3m 0.09% Reduced -81.9k -81,940
37 Circle Wealth Management, LLC 1.44% of their portfolio SUMMIT, NJ 2,721,1472.7m $64.8m $64.8m 1.44% Reduced -36.9k -36,861
38 NORTH STAR ASSET MANAGEMENT INC 2.69% of their portfolio NEENAH, WI 2,664,4562.7m $63.5m $63.5m 2.69% Reduced -244.8k -244,773
39 D L CARLSON INVESTMENT GROUP INC 11.37% of their portfolio CONCORD, NH 2,616,8522.6m $62.4m $62.4m 11.37% Reduced -146.6k -146,649
40 Legacy Financial Strategies, LLC 11.90% of their portfolio OVERLAND PARK, KS 2,545,7502.5m $60.7m $60.7m 11.90% Added +61.3k +61,307
41 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 1.00% of their portfolio MINNEAPOLIS, MN 2,507,4082.5m $59.8m $59.8m 1.00% Reduced -50.6k -50,577
42 Compass Advisory Group LLC 18.35% of their portfolio MELVILLE, NY 2,433,6312.4m $58.0m $58.0m 18.35% Added +93.5k +93,500
43 MYECFO, LLC 28.04% of their portfolio La Jolla, CA 2,399,0362.4m $57.2m $57.2m 28.04% Added +30.8k +30,801
44 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 2,372,0122.4m $56.5m $56.5m 0.01% Added +364.8k +364,774
45 Savant Capital, LLC 0.40% of their portfolio ROCKFORD, IL 2,307,2212.3m $55.0m $55.0m 0.40% Added +401.7k +401,683
46 Kestra Advisory Services, LLC 0.27% of their portfolio AUSTIN, TX 2,289,5462.3m $54.6m $54.6m 0.27% Added +281.0k +281,030
47 Winthrop Advisory Group LLC 5.25% of their portfolio BOSTON, MA 2,285,3202.3m $54.5m $54.5m 5.25% Added +852.7k +852,738
48 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.09% of their portfolio PLYMOUTH, MN 2,260,5482.3m $54.6m $54.6m 0.09% Added +165.0k +165,048
49 Creative Planning 0.05% of their portfolio OVERLAND PARK, KS 2,235,8522.2m $53.3m $53.3m 0.05% Added +135.7k +135,659
50 Aptus Capital Advisors, LLC 0.50% of their portfolio FAIRHOPE, AL 2,133,5202.1m $50.8m $50.8m 0.50% Added +85.9k +85,913
51 JONES FINANCIAL COMPANIES LLLP 0.04% of their portfolio DES PERES, MO 2,113,5752.1m $50.1m $50.1m 0.04% Added +1.5m +1,474,120
52 Sunburst Financial Group, LLC 11.12% of their portfolio VESTAVIA HILLS, AL 2,082,8492.1m $49.6m $49.6m 11.12% Added +85.0k +85,021
53 Ethos Financial Group, LLC 4.22% of their portfolio KING OF PRUSSIA, PA 2,059,9382.1m $49.1m $49.1m 4.22% Added +190.6k +190,620
54 WBH ADVISORY INC 4.11% of their portfolio BALTIMORE, MD 2,025,8792.0m $48.3m $48.3m 4.11% Reduced -99.2k -99,169
55 Bluespring Wealth Management, LLC 4.23% of their portfolio AUSTIN, TX 1,864,3251.9m $44.4m $44.4m 4.23% Added +5.9k +5,856
56 Capital Management Associates, Inc 13.40% of their portfolio MINNEAPOLIS, MN 1,775,1411.8m $42.3m $42.3m 13.40% Reduced -1.8m -1,752,141
57 Members Advisory Group LLC 15.86% of their portfolio WILLIAMSVILLE, NY 1,770,2171.8m $42.2m $42.2m 15.86% Added +93.9k +93,862
58 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 1,769,3421.8m $42.2m $42.2m 0.01% Reduced -94.4k -94,445
59 Roundview Capital LLC 2.61% of their portfolio PRINCETON, NJ 1,639,8621.6m $39.1m $39.1m 2.61% Reduced -43.7k -43,725
60 Cape Investment Advisory, Inc. 13.77% of their portfolio MCDONOUGH, GA 1,583,0131.6m $37.7m $37.7m 13.77% Added +23.8k +23,823
61 Jaffetilchin Investment Partners, LLC 2.40% of their portfolio TAMPA, FL 1,539,5751.5m $36.7m $36.7m 2.40% Added +24.1k +24,096
62 Retirement Planning Group, LLC 1.56% of their portfolio LEAWOOD, KS 1,537,1511.5m $36.6m $36.6m 1.56% Reduced -241.0k -241,002
63 TRUIST FINANCIAL CORP 0.05% of their portfolio CHARLOTTE, NC 1,529,6751.5m $36.5m $36.5m 0.05% Reduced -417.1k -417,060
64 Genesee Capital Advisors, LLC 16.17% of their portfolio AUBURN, NY 1,514,4131.5m $36.1m $36.1m 16.17% Added +23.6k +23,607
65 OneDigital Investment Advisors LLC 0.40% of their portfolio OVERLAND PARK, KS 1,513,1081.5m $36.1m $36.1m 0.40% Reduced -96.4k -96,385
66 Allworth Financial LP 0.17% of their portfolio FOLSOM, CA 1,465,4591.5m $34.9m $34.9m 0.17% Added +12.2k +12,248
67 Cambridge Investment Research Advisors, Inc. 0.10% of their portfolio FAIRFIELD, IA 1,375,0231.4m $32.8m $32.8m 0.10% Reduced -36.6k -36,605
68 Legacy Private Trust Co. 2.12% of their portfolio NEENAH, WI 1,374,5641.4m $32.8m $32.8m 2.12% Added +201.8k +201,811
69 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 1,339,2441.3m $31.9m $31.9m 0.01% Added +292.2k +292,176
70 Leading Edge Financial Planning LLC 8.87% of their portfolio KNOXVILLE, TN 1,338,7191.3m $31.9m $31.9m 8.87% Added +54.9k +54,855
71 UBS Group AG 0.01% of their portfolio ZURICH, V8 1,322,8111.3m $31.5m $31.5m 0.01% Added +82.8k +82,794
72 WT Wealth Management 9.06% of their portfolio SCOTTSDALE, AZ 1,284,0691.3m $30.6m $30.6m 9.06% Added +3.9k +3,857
73 JUNCTURE WEALTH STRATEGIES, LLC 10.68% of their portfolio SCOTTSDALE, AZ 1,261,0491.3m $30.1m $30.1m 10.68% Added +475.1k +475,070
74 Focus Partners Wealth 0.06% of their portfolio ST LOUIS, MO 1,250,0361.3m $29.8m $29.8m 0.06% Added +134.5k +134,464
75 Quantinno Capital Management LP 0.13% of their portfolio NEW YORK, NY 1,234,5891.2m $29.4m $29.4m 0.13% Added +1.1m +1,116,125
76 NorthCoast Asset Management LLC 0.12% of their portfolio STAMFORD, CT 1,217,2021.2m $29.0m $29.0m 0.12% Added +908.7k +908,659
77 Shilanski & Associates, Inc. 8.13% of their portfolio ANCHORAGE, AK 1,193,6821.2m $28.4m $28.4m 8.13% Added +32.4k +32,381
78 Pegasus Asset Management, Inc. 9.61% of their portfolio MORRISTOWN, NJ 1,176,6271.2m $28.0m $28.0m 9.61% Reduced -12.7k -12,684
79 Gemmer Asset Management LLC 2.45% of their portfolio WALNUT CREEK, CA 1,160,3101.2m $27.7m $27.7m 2.45% Reduced -11.5k -11,477
80 Cerity Partners LLC 0.05% of their portfolio NEW YORK, NY 1,143,2611.1m $27.2m $27.2m 0.05% Added +34.3k +34,278
81 Truepoint, Inc. 0.67% of their portfolio CINCINNATI, OH 1,135,8111.1m $27.1m $27.1m 0.67% Reduced -27.2k -27,167
82 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,122,7551.1m $26.8m $26.8m 0.00% Added +25.4k +25,441
83 MAI Capital Management 0.18% of their portfolio INDEPENDENCE, OH 1,113,3421.1m $26.5m $26.5m 0.18% Added +107.2k +107,184
84 VALLEY NATIONAL ADVISERS INC 4.32% of their portfolio BETHLEHEM, PA 1,111,4011.1m $26.5m $26.5m 4.32% Added +7.6k +7,579
85 BOYUM WEALTH ARCHITECTS LLC 19.49% of their portfolio BLOOMINGTON, MN 1,110,7151.1m $26.5m $26.5m 19.49% Added +20.3k +20,346
86 Strategic Advisors LLC 5.18% of their portfolio New York, NY 1,104,3391.1m $26.3m $26.3m 5.18% Reduced -58.4k -58,392
87 GSG Advisors LLC 7.52% of their portfolio MOUNT LAUREL, NJ 1,088,2481.1m $25.9m $25.9m 7.52% Added +34.9k +34,877
88 Goepper Burkhardt LLC 9.51% of their portfolio GREENVILLE, SC 1,083,7041.1m $25.8m $25.8m 9.51% Added +19.1k +19,082
89 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 1,080,9601.1m $25.8m $25.8m 0.00% Reduced -468.6k -468,612
90 PATRIOT INVESTMENT MANAGEMENT GROUP, INC. 1.76% of their portfolio KNOXVILLE, TN 1,064,2551.1m $25.4m $25.4m 1.76% Added +1.6k +1,564
91 BARTLETT & CO. WEALTH MANAGEMENT LLC 0.35% of their portfolio CINCINNATI, OH 1,045,9971.0m $24.9m $24.9m 0.35% Reduced -7.1k -7,096
92 Intelligence Driven Advisers, LLC 3.74% of their portfolio CARLSBAD, CA 1,040,3251.0m $24.8m $24.8m 3.74% Added +433.7k +433,721
93 SYM FINANCIAL Corp 2.73% of their portfolio WINONA LAKE, IN 1,021,7751.0m $24.3m $24.3m 2.73% Added +19.2k +19,221
94 Facet Wealth, Inc. 0.56% of their portfolio WEST PALM BEACH, FL 1,013,5731.0m $24.7m $24.7m 0.56% Reduced -39.1k -39,121
95 Wealthspire Advisors, LLC 0.13% of their portfolio NEW YORK, NY 1,000,6921.0m $23.8m $23.8m 0.13% Reduced -3.2k -3,226
96 ROBINSON SMITH WEALTH ADVISORS LLC 19.04% of their portfolio South Portland, ME 999,947999.9k $23.8m $23.8m 19.04% Reduced -60.5k -60,486
97 Global Wealth Management, LLC 13.21% of their portfolio KINGSTON, NJ 997,934997.9k $24.1m $24.1m 13.21% Reduced -52.9k -52,873
98 FMR LLC 0.00% of their portfolio BOSTON, MA 989,303989.3k $23.6m $23.6m 0.00% Added +86.8k +86,846
99 Strategic Financial Planning, Inc. 14.58% of their portfolio PLANO, TX 982,798982.8k $23.4m $23.4m 14.58% Added +31.9k +31,906
100 FIRST NATIONAL CORP /MA/ /ADV 4.71% of their portfolio ROCKLAND, MA 979,600979.6k $23.3m $23.3m 4.71% Reduced -7.4k -7,361