Vault-13

SCHWAB STRATEGIC TR SCHB

US BRD MKT ETF · ETP · CUSIP 808524102

1,324 institutional holders +6 vs Q4 2025
586,186,406586.2m shares reported held*
$13.0bnreported value*
75 new 521 added 490 reduced 67 sold out net bought ≈ $1.4bn (+120.0m 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 ($314.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $22.27. Options: 5 managers hold calls ($11.0m notional), 1 hold puts ($293.7k).

Trends to Q1 2026

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: 1,216Q3 25: 1,217Q4 25: 1,318Q1 26: 1,3241,324Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q3 20251,217
Q4 20251,318
Q1 20261,324

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ2 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 25Q2 25: 583 bought or addedQ2 25: 474 cut or sold outQ3 25: 552 bought or addedQ3 25: 504 cut or sold outQ3 25Q4 25: 557 bought or addedQ4 25: 513 cut or sold outQ1 26: 596 bought or addedQ1 26: 557 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 2024399454
Q3 2024510436
Q4 2024503490
Q1 2025529491
Q2 2025583474
Q3 2025552504
Q4 2025557513
Q1 2026596557

Calls vs puts

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

CallsPuts
$0$5m$10m$15mQ2 25 calls: $11.9mQ2 25 puts: $0Q2 25P/C 0.00Q3 25 calls: $7.5mQ3 25 puts: $275.1kQ3 25P/C 0.04Q4 25 calls: $9.5mQ4 25 puts: $393.4kQ4 25P/C 0.04Q1 26 calls: $11.0mQ1 26 puts: $293.7kQ1 26P/C 0.03
Numbers
QuarterCallsPutsP/C
Q2 2025$11.9m$00.00
Q3 2025$7.5m$275.1k0.04
Q4 2025$9.5m$393.4k0.04
Q1 2026$11.0m$293.7k0.03

Biggest buyers

Gallagher Fiduciary Advisors, LLC Added +66,580,096+66.6m
UBS Group AG Added +47,100,114+47.1m
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Added +8,883,163+8.9m
Quantinno Capital Management LP Added +790,102+790.1k
Tanglewood Wealth Management, Inc. Added +729,589+729.6k
NICOLET BANKSHARES INC New +699,782+699.8k
Mariner, LLC Added +542,197+542.2k
HORAN Wealth, LLC Added +532,274+532.3k
ENVESTNET ASSET MANAGEMENT INC Added +502,001+502.0k
HighTower Advisors, LLC Added +335,543+335.5k

Biggest sellers

Compass Advisory Group LLC Reduced -1,373,538-1.4m
Wealthfront Advisers LLC Reduced -1,008,153-1.0m
Strategic Financial Planning, Inc. Sold out -939,186-939.2k
Corient Private Wealth LP Reduced -802,438-802.4k
Creative Planning Reduced -610,580-610.6k
OneDigital Investment Advisors LLC Reduced -576,842-576.8k
Summit Financial Strategies, Inc. Reduced -510,921-510.9k
AlphaCore Capital LLC Reduced -456,774-456.8k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Reduced -455,577-455.6k
Betterment LLC Reduced -438,408-438.4k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $4.3m171.6k shares
Value Investment Professionals, LLC New $2.7m100.1k shares
CITADEL ADVISORS LLC Added $2.5m100.0k shares
JANE STREET GROUP, LLC Added $1.3m53.7k shares
GROUP ONE TRADING LLC Added $140.6k5.6k shares

Biggest puts

LPL Financial LLC Reduced $293.7k11.7k 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 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Gallagher Fiduciary Advisors, LLC 0.11% of their portfolio ROLLING MEADOWS, IL 69,206,44969.2m $2.8m $2.8m 0.11% Added +66.6m +66,580,096
2 Wealthfront Advisers LLC 2.90% of their portfolio Palo Alto, CA 52,556,13852.6m $1.3bn $1.3bn 2.90% Reduced -1.0m -1,008,153
3 UBS Group AG 0.22% of their portfolio ZURICH, V8 48,514,35548.5m $1.2bn $1.2bn 0.22% Added +47.1m +47,100,114
4 Betterment LLC 0.75% of their portfolio NEW YORK, NY 15,717,85415.7m $394.5m $394.5m 0.75% Reduced -438.4k -438,408
5 REBALANCE, LLC 21.98% of their portfolio PALO ALTO, CA 15,082,48715.1m $378.6m $378.6m 21.98% Added +119.3k +119,276
6 SCS Capital Management LLC 3.18% of their portfolio BOSTON, MA 11,970,12012.0m $300.5m $300.5m 3.18% Added +60.8k +60,752
7 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.06% of their portfolio NEW YORK, NY 11,836,98911.8m $297.1m $297.1m 0.06% Added +8.9m +8,883,163
8 HighTower Advisors, LLC 0.24% of their portfolio CHICAGO, IL 8,967,3409.0m $225.1m $225.1m 0.24% Added +335.5k +335,543
9 Strid Group, LLC 26.90% of their portfolio NEWTOWN SQUARE, PA 8,648,9468.6m $217.1m $217.1m 26.90% Reduced -67.9k -67,872
10 Evensky & Katz LLC 11.66% of their portfolio CORAL GABLES, FL 8,165,4998.2m $205.0m $205.0m 11.66% Reduced -115.3k -115,344
11 HENGEHOLD CAPITAL MANAGEMENT LLC 16.93% of their portfolio CINCINNATI, OH 7,722,4657.7m $193.8m $193.8m 16.93% Reduced -3.8k -3,782
12 Hanson & Doremus Investment Management 20.33% of their portfolio BURLINGTON, VT 7,041,1537.0m $176.7m $176.7m 20.33% Added +33.3k +33,281
13 HB Wealth Management, LLC 1.07% of their portfolio Atlanta, GA 6,595,2216.6m $165.5m $165.5m 1.07% Reduced -93.4k -93,398
14 Evergreen Advisors, LLC 37.02% of their portfolio CHATTANOOGA, TN 6,280,1526.3m $157.6m $157.6m 37.02% Added +112.7k +112,717
15 Forvis Mazars Wealth Advisors, LLC 2.97% of their portfolio Springfield, MO 6,230,0066.2m $156.4m $156.4m 2.97% Added +36.1k +36,116
16 HT Partners LLC 46.99% of their portfolio CENTERBROOK, CT 6,181,4536.2m $155.2m $155.2m 46.99% Added +98.7k +98,668
17 AlphaCore Capital LLC 3.19% of their portfolio LA JOLLA, CA 5,353,7045.4m $134.4m $134.4m 3.19% Reduced -456.8k -456,774
18 TruNorth Capital Management, LLC 25.07% of their portfolio KALAMAZOO, MI 5,210,7395.2m $130.8m $130.8m 25.07% Added +120.3k +120,310
19 HHM Wealth Advisors, LLC 14.90% of their portfolio CHATTANOOGA, TN 5,146,5915.1m $129.2m $129.2m 14.90% Added +108.9k +108,943
20 Mariner, LLC 0.15% of their portfolio Overland Park, KS 4,996,5105.0m $125.2m $125.2m 0.15% Added +542.2k +542,197
21 Accredited Investors Inc. 6.23% of their portfolio EDINA, MN 4,607,3374.6m $115.6m $115.6m 6.23% Reduced -112.2k -112,204
22 CAPTRUST FINANCIAL ADVISORS 0.18% of their portfolio RALEIGH, NC 4,047,4834.0m $101.6m $101.6m 0.18% Reduced -189.4k -189,417
23 Morton Brown Family Wealth, LLC 26.65% of their portfolio ALLENTOWN, PA 4,017,8684.0m $100.8m $100.8m 26.65% Added +170.4k +170,427
24 Compass Financial Group, INC/SD 13.59% of their portfolio Sioux Falls, SD 3,869,2363.9m $97.1m $97.1m 13.59% Added +220.6k +220,594
25 MANCHESTER FINANCIAL INC 16.51% of their portfolio Westlake Village, CA 3,426,8293.4m $86.0m $86.0m 16.51% Reduced -5.4k -5,439
26 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 3,370,3683.4m $84.6m $84.6m 0.01% Added +153.2k +153,219
27 Ballentine Partners, LLC 1.14% of their portfolio Waltham, MA 3,257,6923.3m $81.8m $81.8m 1.14% Added +48.4k +48,399
28 Creative Planning 0.05% of their portfolio OVERLAND PARK, KS 3,197,0653.2m $80.2m $80.2m 0.05% Reduced -610.6k -610,580
29 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 3,194,2283.2m $80.2m $80.2m 0.01% Reduced -18.3k -18,255
30 HBK Sorce Advisory LLC 1.82% of their portfolio ERIE, PA 3,130,4583.1m $89.0m $89.0m 1.82% Added +24.3k +24,324
31 Waverly Advisors, LLC 0.58% of their portfolio BIRMINGHAM, AL 3,061,2323.1m $76.8m $76.8m 0.58% Added +41.4k +41,366
32 Savant Capital, LLC 0.36% of their portfolio ROCKFORD, IL 2,969,8743.0m $74.5m $74.5m 0.36% Added +170.3k +170,270
33 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 2,908,0362.9m $73.0m $73.0m 0.02% Added +58.5k +58,506
34 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 2,881,7862.9m $72.3m $72.3m 0.01% Added +138.4k +138,430
35 Quantinno Capital Management LP 0.12% of their portfolio NEW YORK, NY 2,783,2582.8m $69.9m $69.9m 0.12% Added +790.1k +790,102
36 Asset Advisors Investment Management, LLC 6.61% of their portfolio AUGUSTA, GA 2,762,2732.8m $69.3m $69.3m 6.61% Reduced -47.0k -46,963
37 BROWN ADVISORY INC 0.11% of their portfolio BALTIMORE, MD 2,711,0772.7m $68.0m $68.0m 0.11% Reduced -15.8k -15,792
38 NORTH STAR ASSET MANAGEMENT INC 2.92% of their portfolio NEENAH, WI 2,680,6112.7m $67.3m $67.3m 2.92% Added +4.4k +4,379
39 Summit Financial Strategies, Inc. 5.29% of their portfolio Columbus, OH 2,672,1152.7m $67.1m $67.1m 5.29% Reduced -510.9k -510,921
40 Focus Partners Wealth 0.07% of their portfolio ST LOUIS, MO 2,654,1592.7m $66.6m $66.6m 0.07% Added +28.1k +28,106
41 JONES FINANCIAL COMPANIES LLLP 0.03% of their portfolio DES PERES, MO 2,639,0962.6m $64.7m $64.7m 0.03% Added +243.5k +243,463
42 Circle Wealth Management, LLC 0.94% of their portfolio SUMMIT, NJ 2,636,2372.6m $66.2m $66.2m 0.94% Added +24.4k +24,376
43 Legacy Financial Strategies, LLC 11.84% of their portfolio OVERLAND PARK, KS 2,614,5872.6m $65.6m $65.6m 11.84% Added +21.4k +21,361
44 D L CARLSON INVESTMENT GROUP INC 11.18% of their portfolio CONCORD, NH 2,591,9242.6m $65.1m $65.1m 11.18% Reduced -5.9k -5,938
45 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 0.94% of their portfolio MINNEAPOLIS, MN 2,568,1212.6m $64.5m $64.5m 0.94% Added +205.8k +205,766
46 MYECFO, LLC 26.86% of their portfolio La Jolla, CA 2,557,7232.6m $64.2m $64.2m 26.86% Added +76.7k +76,674
47 MERCER GLOBAL ADVISORS INC /ADV 0.09% of their portfolio DENVER, CO 2,531,5642.5m $63.5m $63.5m 0.09% Reduced -136.3k -136,340
48 Bouchey Financial Group, Ltd. 4.72% of their portfolio TROY, NY 2,451,7932.5m $64.4m $64.4m 4.72% Reduced -101.1k -101,131
49 Winthrop Advisory Group LLC 4.91% of their portfolio BOSTON, MA 2,395,0342.4m $60.1m $60.1m 4.91% Added +100.8k +100,796
50 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.12% of their portfolio PLYMOUTH, MN 2,320,3832.3m $56.8m $56.8m 0.12% Reduced -455.6k -455,577
51 Aptus Capital Advisors, LLC 0.47% of their portfolio FAIRHOPE, AL 2,232,9612.2m $56.0m $56.0m 0.47% Added +50.5k +50,456
52 Sunburst Financial Group, LLC 10.50% of their portfolio VESTAVIA HILLS, AL 2,174,2882.2m $54.6m $54.6m 10.50% Added +48.1k +48,112
53 WBH ADVISORY INC 4.02% of their portfolio BALTIMORE, MD 2,119,6402.1m $53.6m $53.6m 4.02% Added +86.9k +86,869
54 Caprock Group, LLC 1.27% of their portfolio BOISE, ID 2,090,8462.1m $52.5m $52.5m 1.27% Added +7.6k +7,626
55 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 2,062,9162.1m $51.8m $51.8m 0.01% Added +115.2k +115,156
56 Ethos Financial Group, LLC 3.72% of their portfolio KING OF PRUSSIA, PA 2,026,3332.0m $50.9m $50.9m 3.72% Added +69.8k +69,826
57 Bluespring Wealth Management, LLC 3.90% of their portfolio AUSTIN, TX 1,804,4651.8m $45.3m $45.3m 3.90% Reduced -2.5k -2,481
58 Capital Management Associates, Inc 10.13% of their portfolio MINNEAPOLIS, MN 1,785,5621.8m $44.8m $44.8m 10.13% Added +6.0k +6,013
59 Cambridge Investment Research Advisors, Inc. 0.11% of their portfolio FAIRFIELD, IA 1,715,6931.7m $43.1m $43.1m 0.11% Reduced -63.3k -63,280
60 Allworth Financial LP 0.17% of their portfolio FOLSOM, CA 1,703,3091.7m $42.8m $42.8m 0.17% Added +293.2k +293,194
61 CWM, LLC 0.11% of their portfolio OMAHA, NE 1,693,1221.7m $42.5m $42.5m 0.11% Added +44.3k +44,348
62 Roundview Capital LLC 2.63% of their portfolio PRINCETON, NJ 1,681,2931.7m $42.2m $42.2m 2.63% Reduced -10.3k -10,257
63 Leading Edge Financial Planning LLC 8.67% of their portfolio KNOXVILLE, TN 1,640,8821.6m $41.2m $41.2m 8.67% Added +122.6k +122,611
64 TRUIST FINANCIAL CORP 0.06% of their portfolio CHARLOTTE, NC 1,639,6221.6m $41.2m $41.2m 0.06% Added +63.6k +63,569
65 Genesee Capital Advisors, LLC 17.14% of their portfolio AUBURN, NY 1,629,5241.6m $40.9m $40.9m 17.14% Reduced -9.2k -9,223
66 Boulder Wealth Advisors, LLC 16.21% of their portfolio BOULDER, CO 1,617,5551.6m $40.6m $40.6m 16.21% Added +31.2k +31,222
67 Cape Investment Advisory, Inc. 13.22% of their portfolio MCDONOUGH, GA 1,584,1941.6m $39.8m $39.8m 13.22% Added +19.8k +19,827
68 Members Advisory Group LLC 13.63% of their portfolio WILLIAMSVILLE, NY 1,583,3121.6m $39.7m $39.7m 13.63% Reduced -13.8k -13,753
69 Appalachian Capital Management Ltd 31.62% of their portfolio ST CLAIRSVILLE, OH 1,573,6531.6m $39.5m $39.5m 31.62% Added +17.6k +17,611
70 Tanglewood Wealth Management, Inc. 3.19% of their portfolio HOUSTON, TX 1,534,8911.5m $38.5m $38.5m 3.19% Added +729.6k +729,589
71 Modern Wealth Management, LLC 0.66% of their portfolio KANSAS CITY, MO 1,529,6381.5m $38.7m $38.7m 0.66% Added +43.8k +43,788
72 BOYUM WEALTH ARCHITECTS LLC 17.46% of their portfolio BLOOMINGTON, MN 1,502,0921.5m $41.8m $41.8m 17.46% Added +113.4k +113,366
73 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 1,381,9991.4m $34.7m $34.7m 0.00% Added +212.5k +212,511
74 Jaffetilchin Investment Partners, LLC 2.02% of their portfolio TAMPA, FL 1,351,9211.4m $33.9m $33.9m 2.02% Reduced -194.1k -194,100
75 Cerity Partners LLC 0.05% of their portfolio NEW YORK, NY 1,301,6321.3m $32.7m $32.7m 0.05% Added +181.1k +181,101
76 Legacy Private Trust Co. 1.99% of their portfolio NEENAH, WI 1,282,0881.3m $32.2m $32.2m 1.99% Reduced -50.4k -50,447
77 JUNCTURE WEALTH STRATEGIES, LLC 10.63% of their portfolio SCOTTSDALE, AZ 1,266,8811.3m $31.8m $31.8m 10.63% Reduced -6.7k -6,658
78 Facet Wealth, Inc. 0.54% of their portfolio WEST PALM BEACH, FL 1,249,7501.2m $31.4m $31.4m 0.54% Added +222.1k +222,111
79 MAI Capital Management 0.18% of their portfolio INDEPENDENCE, OH 1,240,2621.2m $31.1m $31.1m 0.18% Added +75.1k +75,149
80 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,195,3581.2m $29.2m $29.2m 0.00% Reduced -71.9k -71,911
81 SYM FINANCIAL Corp 2.99% of their portfolio WINONA LAKE, IN 1,192,0081.2m $29.9m $29.9m 2.99% Reduced -221 -221
82 WT Wealth Management 8.76% of their portfolio SCOTTSDALE, AZ 1,173,6351.2m $29.5m $29.5m 8.76% Reduced -19.6k -19,633
83 Pegasus Asset Management, Inc. 9.31% of their portfolio MORRISTOWN, NJ 1,160,6401.2m $29.1m $29.1m 9.31% Reduced -6.5k -6,463
84 John Boyer, Inc. 28.78% of their portfolio TAMPA, FL 1,146,8981.1m $28.8m $28.8m 28.78% Added +15.4k +15,441
85 Goepper Burkhardt LLC 9.54% of their portfolio GREENVILLE, SC 1,138,0141.1m $28.6m $28.6m 9.54% Reduced -11.6k -11,587
86 HARBOUR INVESTMENTS, INC. 0.43% of their portfolio MADISON, WI 1,118,3771.1m $28.1m $28.1m 0.43% Added +90.2k +90,205
87 Gemmer Asset Management LLC 2.22% of their portfolio WALNUT CREEK, CA 1,118,2971.1m $28.1m $28.1m 2.22% Reduced -6.3k -6,315
88 Strategic Advisors LLC 4.62% of their portfolio New York, NY 1,108,1041.1m $27.8m $27.8m 4.62% Reduced -3.0k -3,015
89 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 1,103,8311.1m $27.7m $27.7m 0.01% Reduced -170.0k -170,047
90 Truepoint, Inc. 0.61% of their portfolio CINCINNATI, OH 1,097,5511.1m $27.5m $27.5m 0.61% Reduced -19.1k -19,148
91 GSG Advisors LLC 7.13% of their portfolio MOUNT LAUREL, NJ 1,093,8471.1m $27.5m $27.5m 7.13% Added +15.4k +15,391
92 Retirement Planning Group, LLC 0.84% of their portfolio LEAWOOD, KS 1,086,2681.1m $27.3m $27.3m 0.84% Reduced -94.7k -94,700
93 ROBINSON SMITH WEALTH ADVISORS LLC 18.35% of their portfolio South Portland, ME 1,080,4671.1m $27.1m $27.1m 18.35% Added +6.9k +6,855
94 AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio Greenwich, CT 1,074,8231.1m $27.0m $27.0m 0.01% Reduced -56.4k -56,448
95 FMR LLC 0.00% of their portfolio BOSTON, MA 1,067,4611.1m $26.8m $26.8m 0.00% Added +123.6k +123,644
96 Phil A. Younker & Associates, Ltd. 17.76% of their portfolio FAIRBANKS, AK 1,060,9921.1m $26.6m $26.6m 17.76% Reduced -77.4k -77,402
97 HORAN Wealth, LLC 2.51% of their portfolio CINCINNATI, OH 1,051,4721.1m $26.5m $26.5m 2.51% Added +532.3k +532,274
98 PATRIOT INVESTMENT MANAGEMENT GROUP, INC. 1.64% of their portfolio KNOXVILLE, TN 1,022,1011.0m $25.7m $25.7m 1.64% Reduced -34.9k -34,892
99 Dodds Wealth, LLC 6.21% of their portfolio GREENWOOD VILLAGE, CO 1,007,8481.0m $25.3m $25.3m 6.21% Added +23.1k +23,099
100 Chicago Partners Investment Group LLC 0.60% of their portfolio CHICAGO, IL 969,307969.3k $26.6m $26.6m 0.60% Added +3.0k +2,955