Vault-13

SCHWAB STRATEGIC TR SCHX

US LRG CAP ETF · ETP · CUSIP 808524201

1,410 institutional holders +52 vs Q1 2025
1,092,787,0661.1bn shares reported held*
$26.7bnreported value*
115 new 555 added 504 reduced 64 sold out net sold ≈ $337.9m (-13.5m 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 ($11.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $24.43. Options: 4 managers hold calls ($1.7m notional), 0 hold puts (—).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 962Q4 22: 1,036Q1 23: 1,040Q2 23: 1,074Q3 23: 1,049Q4 23: 1,169Q1 24: 1,192Q2 24: 1,224Q3 24: 1,252Q4 24: 1,365Q1 25: 1,358Q2 25: 1,4101,410Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022962
Q4 20221,036
Q1 20231,040
Q2 20231,074
Q3 20231,049
Q4 20231,169
Q1 20241,192
Q2 20241,224
Q3 20241,252
Q4 20241,365
Q1 20251,358
Q2 20251,410

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ3 23: 431 bought or addedQ3 23: 494 cut or sold outQ4 23: 492 bought or addedQ4 23: 463 cut or sold outQ4 23Q1 24: 503 bought or addedQ1 24: 577 cut or sold outQ2 24: 469 bought or addedQ2 24: 531 cut or sold outQ2 24Q3 24: 558 bought or addedQ3 24: 521 cut or sold outQ4 24: 540 bought or addedQ4 24: 596 cut or sold outQ4 24Q1 25: 625 bought or addedQ1 25: 591 cut or sold outQ2 25: 670 bought or addedQ2 25: 568 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023431494
Q4 2023492463
Q1 2024503577
Q2 2024469531
Q3 2024558521
Q4 2024540596
Q1 2025625591
Q2 2025670568

Calls vs puts

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

CallsPuts
$0$1m$2m$3mQ3 24 calls: $2.3mQ3 24 puts: $67.8kQ3 24P/C 0.03Q4 24 calls: $1.6mQ4 24 puts: $92.7kQ4 24P/C 0.06Q1 25 calls: $1.2mQ1 25 puts: $116.7kQ1 25P/C 0.10Q2 25 calls: $1.7mQ2 25 puts: $0Q2 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2024$2.3m$67.8k0.03
Q4 2024$1.6m$92.7k0.06
Q1 2025$1.2m$116.7k0.10
Q2 2025$1.7m$00.00

Biggest buyers

Betterment LLC Added +5,524,085+5.5m
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +3,342,325+3.3m
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Added +2,942,434+2.9m
EP Wealth Advisors, LLC Added +2,850,436+2.9m
ROYAL BANK OF CANADA Added +2,158,428+2.2m
MONETA GROUP INVESTMENT ADVISORS LLC Added +1,733,381+1.7m
World Investment Advisors Added +1,512,278+1.5m
Corient Private Wealth LP Added +1,308,534+1.3m
Bleakley Financial Group, LLC Added +1,238,098+1.2m
SEI INVESTMENTS CO Added +1,194,355+1.2m

Biggest sellers

UBS Group AG Reduced -17,553,785-17.6m
US BANCORP \DE\ Reduced -10,792,223-10.8m
Prime Capital Investment Advisors, LLC Reduced -4,844,069-4.8m
Leverty Financial Group, LLC Reduced -3,355,196-3.4m
Scarborough Advisors, LLC Sold out -2,773,343-2.8m
GREENWOOD GEARHART LLC Reduced -1,523,751-1.5m
Sequoia Financial Advisors, LLC Reduced -1,124,082-1.1m
SEARCY FINANCIAL SERVICES INC /ADV Sold out -1,088,857-1.1m
Creative Planning Reduced -1,083,411-1.1m
Strategic Equity Management Reduced -822,611-822.6k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.3m51.8k shares
CITADEL ADVISORS LLC Reduced $403.3k16.5k shares
GROUP ONE TRADING LLC New $14.7k600 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 US BANCORP \DE\ 6.35% of their portfolio MINNEAPOLIS, MN 206,409,170206.4m $5.0bn $5.0bn 6.35% Reduced -10.8m -10,792,223
2 Creative Planning 1.70% of their portfolio OVERLAND PARK, KS 81,577,91781.6m $2.0bn $2.0bn 1.70% Reduced -1.1m -1,083,411
3 SEI INVESTMENTS CO 1.02% of their portfolio OAKS, PA 35,969,13936.0m $879.1m $879.1m 1.02% Added +1.2m +1,194,355
4 HBK Sorce Advisory LLC 22.20% of their portfolio ERIE, PA 33,526,26733.5m $819.4m $819.4m 22.20% Added +495.4k +495,450
5 MONETA GROUP INVESTMENT ADVISORS LLC 9.60% of their portfolio ST LOUIS, MO 32,970,30333.0m $805.8m $805.8m 9.60% Added +1.7m +1,733,381
6 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.50% of their portfolio MILWAUKEE, WI 27,821,33727.8m $680.0m $680.0m 0.50% Added +3.3m +3,342,325
7 SAGE FINANCIAL GROUP INC 44.76% of their portfolio W. CONSHOHOCKEN, PA 24,810,35324.8m $606.4m $606.4m 44.76% Reduced -534.8k -534,753
8 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.80% of their portfolio PLYMOUTH, MN 19,566,50619.6m $484.7m $484.7m 0.80% Added +2.9m +2,942,434
9 Betterment LLC 0.98% of their portfolio NEW YORK, NY 18,749,17118.7m $458.2m $458.2m 0.98% Added +5.5m +5,524,085
10 Cerity Partners LLC 0.82% of their portfolio NEW YORK, NY 18,731,01918.7m $457.8m $457.8m 0.82% Added +48.7k +48,715
11 CAPTRUST FINANCIAL ADVISORS 0.99% of their portfolio RALEIGH, NC 18,210,85018.2m $445.1m $445.1m 0.99% Added +394.9k +394,912
12 Diversified Enterprises, LLC 29.67% of their portfolio Wilmington, DE 16,260,90416.3m $397.4m $397.4m 29.67% Added +873.2k +873,214
13 HighTower Advisors, LLC 0.44% of their portfolio CHICAGO, IL 14,286,70114.3m $349.2m $349.2m 0.44% Added +276.6k +276,589
14 ENVESTNET ASSET MANAGEMENT INC 0.10% of their portfolio Berwyn, PA 13,363,12813.4m $326.6m $326.6m 0.10% Added +136.8k +136,774
15 MERCER GLOBAL ADVISORS INC /ADV 0.63% of their portfolio DENVER, CO 11,439,74711.4m $279.6m $279.6m 0.63% Reduced -275.1k -275,131
16 Prime Capital Investment Advisors, LLC 3.60% of their portfolio OVERLAND PARK, KS 11,090,99511.1m $271.1m $271.1m 3.60% Reduced -4.8m -4,844,069
17 JANUS HENDERSON GROUP PLC 0.13% of their portfolio LONDON, X0 10,819,87610.8m $264.4m $264.4m 0.13% Reduced -164.9k -164,855
18 Mariner, LLC 0.34% of their portfolio Overland Park, KS 9,628,8959.6m $235.3m $235.3m 0.34% Reduced -245.5k -245,545
19 Koss-Olinger Consulting, LLC 19.01% of their portfolio GAINESVILLE, FL 9,481,5939.5m $231.7m $231.7m 19.01% Reduced -392.5k -392,491
20 McAdam, LLC 12.45% of their portfolio Philadelphia, PA 9,304,0819.3m $227.4m $227.4m 12.45% Added +122.2k +122,233
21 JMG Financial Group, Ltd. 6.73% of their portfolio DOWNERS GROVE, IL 9,081,0529.1m $221.9m $221.9m 6.73% Added +938.7k +938,740
22 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 7,724,1737.7m $188.8m $188.8m 0.02% Added +439.9k +439,898
23 Fund Evaluation Group, LLC 6.94% of their portfolio CINCINNATI, OH 7,343,3797.3m $179.5m $179.5m 6.94% Reduced -612.1k -612,140
24 ASSETMARK, INC 0.41% of their portfolio CONCORD, CA 7,070,3457.1m $172.8m $172.8m 0.41% Added +94.0k +94,012
25 LPL Financial LLC 0.06% of their portfolio FORT MILL, SC 7,043,9157.0m $172.2m $172.2m 0.06% Added +218.7k +218,688
26 Kohmann Bosshard Financial Services, LLC 17.27% of their portfolio FAIRLAWN, OH 6,335,4456.3m $154.8m $154.8m 17.27% Added +153.8k +153,842
27 Apriem Advisors 16.19% of their portfolio IRVINE, CA 6,232,3976.2m $152.3m $152.3m 16.19% Added +104.9k +104,866
28 BlueSky Wealth Advisors, LLC 21.78% of their portfolio New Bern, NC 6,136,1476.1m $150.0m $150.0m 21.78% Reduced -56.1k -56,109
29 Corient Private Wealth LP 0.20% of their portfolio MIAMI, FL 6,051,5616.1m $147.9m $147.9m 0.20% Added +1.3m +1,308,534
30 Beacon Pointe Advisors, LLC 1.54% of their portfolio NEWPORT BEACH, CA 6,043,0386.0m $147.7m $147.7m 1.54% Added +52.3k +52,341
31 Wealthspire Advisors, LLC 0.80% of their portfolio NEW YORK, NY 5,842,3245.8m $142.8m $142.8m 0.80% Reduced -241.0k -241,002
32 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 5,600,3725.6m $136.9m $136.9m 0.01% Reduced -575.9k -575,942
33 JOHNSON INVESTMENT COUNSEL INC 1.07% of their portfolio Cincinnati, OH 4,887,0344.9m $119.4m $119.4m 1.07% Added +45.7k +45,729
34 GREENWOOD GEARHART LLC 7.39% of their portfolio FAYETTEVILLE, AR 4,839,5574.8m $118.3m $118.3m 7.39% Reduced -1.5m -1,523,751
35 Northwest Quadrant Wealth Management, LLC 25.98% of their portfolio BEND, OR 4,768,0374.8m $116.5m $116.5m 25.98% Added +32.9k +32,872
36 Orgel Wealth Management, LLC 2.78% of their portfolio ALTOONA, WI 4,726,4584.7m $115.5m $115.5m 2.78% Added +93.3k +93,282
37 FINANCIAL CONSULATE, INC 22.69% of their portfolio HUNT VALLEY, MD 4,703,1424.7m $114.9m $114.9m 22.69% Added +585.2k +585,217
38 EVERMAY WEALTH MANAGEMENT LLC 13.67% of their portfolio ARLINGTON, VA 4,544,6974.5m $111.1m $111.1m 13.67% Reduced -467.6k -467,556
39 Steele Capital Management, Inc. 4.62% of their portfolio DUBUQUE, IA 3,936,7023.9m $96.3m $96.3m 4.62% Added +106.9k +106,864
40 Charles Schwab Trust Co 7.15% of their portfolio HENDERSON, NV 3,895,7453.9m $95.2m $95.2m 7.15% Reduced -46.8k -46,803
41 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 3,778,8283.8m $92.4m $92.4m 0.01% Added +2.2m +2,158,428
42 Curi Capital, LLC 1.71% of their portfolio CHICAGO, IL 3,679,4303.7m $89.9m $89.9m 1.71% Reduced -158.7k -158,719
43 FSA Investment Group, LLC 66.32% of their portfolio Pensacola, FL 3,664,3313.7m $89.6m $89.6m 66.32% Added +2.4k +2,371
44 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 3,325,8333.3m $81.2m $81.2m 0.02% Reduced -37.5k -37,527
45 SIMS INVESTMENT MANAGEMENT, LLC 32.23% of their portfolio CINCINNATI, OH 3,279,4813.3m $80.2m $80.2m 32.23% Added +182.8k +182,846
46 Standpoint Asset Management, LLC 16.20% of their portfolio SCOTTSDALE, AZ 3,242,1003.2m $79.2m $79.2m 16.20% Reduced -798.3k -798,300
47 EP Wealth Advisors, LLC 0.50% of their portfolio TORRANCE, CA 3,142,4723.1m $76.8m $76.8m 0.50% Added +2.9m +2,850,436
48 Integrated Wealth Concepts LLC 0.76% of their portfolio WALTHAM, MA 3,106,0873.1m $75.9m $75.9m 0.76% Added +94.3k +94,281
49 HB Wealth Management, LLC 0.59% of their portfolio Atlanta, GA 2,998,5683.0m $73.3m $73.3m 0.59% Reduced -84.7k -84,716
50 Meridian Wealth Partners, LLC 10.45% of their portfolio EXTON, PA 2,949,5222.9m $72.1m $72.1m 10.45% Added +8.6k +8,590
51 CORNERSTONE ADVISORS ASSET MANAGEMENT, LLC 13.44% of their portfolio BETHLEHEM, PA 2,855,1362.9m $69.8m $69.8m 13.44% Added +225.6k +225,617
52 Cresset Asset Management, LLC 0.34% of their portfolio Chicago, IL 2,806,9902.8m $68.6m $68.6m 0.34% Reduced -311.8k -311,755
53 CacheTech Inc. 12.27% of their portfolio LOGAN, UT 2,727,6242.7m $66.7m $66.7m 12.27% Reduced -24.8k -24,783
54 Cambridge Investment Research Advisors, Inc. 0.20% of their portfolio FAIRFIELD, IA 2,689,5812.7m $65.7m $65.7m 0.20% Reduced -96.9k -96,860
55 Adams Wealth Management 12.29% of their portfolio LOGAN, UT 2,641,9842.6m $64.6m $64.6m 12.29% Reduced -60.2k -60,216
56 Bangor Savings Bank 5.64% of their portfolio BANGOR, ME 2,581,8362.6m $63.1m $63.1m 5.64% Reduced -632.5k -632,534
57 Jaffetilchin Investment Partners, LLC 4.09% of their portfolio TAMPA, FL 2,558,2732.6m $62.5m $62.5m 4.09% Added +9.0k +9,004
58 Aptus Capital Advisors, LLC 0.62% of their portfolio FAIRHOPE, AL 2,553,0302.6m $62.4m $62.4m 0.62% Added +96.9k +96,879
59 Baker Avenue Asset Management, LP 1.76% of their portfolio SAN FRANCISCO, CA 2,534,0432.5m $61.9m $61.9m 1.76% Added +90.7k +90,748
60 NewSquare Capital LLC 4.50% of their portfolio NEWTOWN SQUARE, PA 2,492,8902.5m $60.5m $60.5m 4.50% Added +120.1k +120,081
61 GUARDIAN WEALTH ADVISORS, LLC / NC 4.28% of their portfolio RALEIGH, NC 2,489,4692.5m $60.8m $60.8m 4.28% Added +107.3k +107,297
62 Savant Capital, LLC 0.43% of their portfolio ROCKFORD, IL 2,472,8082.5m $60.4m $60.4m 0.43% Reduced -39.9k -39,901
63 Focus Partners Wealth 0.13% of their portfolio ST LOUIS, MO 2,469,5862.5m $60.4m $60.4m 0.13% Reduced -199.7k -199,673
64 Legacy Wealth Management, LLC 3.56% of their portfolio MEMPHIS, TN 2,343,6262.3m $57.3m $57.3m 3.56% Added +35.2k +35,227
65 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 2,341,0892.3m $57.2m $57.2m 0.00% Added +25.8k +25,843
66 RKL Wealth Management LLC 5.02% of their portfolio LANCASTER, PA 2,336,8162.3m $57.1m $57.1m 5.02% Reduced -230.7k -230,733
67 Berger Financial Group, Inc 3.66% of their portfolio PLYMOUTH, MN 2,308,0562.3m $56.4m $56.4m 3.66% Added +51.2k +51,184
68 Richardson Capital Management LLC 29.25% of their portfolio MENOMONEE FALLS, WI 2,282,4772.3m $55.8m $55.8m 29.25% Added +231.7k +231,693
69 Alliance Wealth Management Group 14.19% of their portfolio FLEMINGTON, NJ 2,280,5962.3m $55.7m $55.7m 14.19% Added +74.1k +74,084
70 Towercrest Capital Management 9.95% of their portfolio NEWTOWN, PA 2,280,5962.3m $55.7m $55.7m 9.95% Added +74.1k +74,084
71 Financial Management Professionals, Inc. 6.20% of their portfolio AUSTIN, TX 2,255,7242.3m $55.1m $55.1m 6.20% Added +127.5k +127,520
72 JONES FINANCIAL COMPANIES LLLP 0.04% of their portfolio DES PERES, MO 2,245,8582.2m $54.7m $54.7m 0.04% Added +880.7k +880,670
73 RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio ST. PETERSBURG, FL 2,097,5272.1m $51.3m $51.3m 0.02% Reduced -180.0k -180,039
74 McGlone Suttner Wealth Management, Inc. 7.64% of their portfolio APPLETON, WI 2,070,0292.1m $50.6m $50.6m 7.64% Added +52.0k +52,012
75 HARBOUR INVESTMENTS, INC. 1.27% of their portfolio MADISON, WI 2,052,6912.1m $50.2m $50.2m 1.27% Reduced -4.2k -4,188
76 Pure Financial Advisors, LLC 0.86% of their portfolio SAN DIEGO, CA 2,003,2992.0m $49.0m $49.0m 0.86% Reduced -4.9k -4,878
77 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.40% of their portfolio IRVING, TX 2,002,5492.0m $48.9m $48.9m 0.40% Reduced -47.6k -47,572
78 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 1,943,0431.9m $47.5m $47.5m 0.01% Added +22.9k +22,912
79 Red Door Wealth Management, LLC 5.56% of their portfolio Memphis, TN 1,903,8601.9m $46.5m $46.5m 5.56% Added +621.8k +621,790
80 Courage Miller Partners, LLC 14.45% of their portfolio NORFOLK, VA 1,864,7541.9m $45.6m $45.6m 14.45% Added +56.3k +56,255
81 APPLETON PARTNERS INC/MA 3.22% of their portfolio BOSTON, MA 1,864,3401.9m $45.6m $45.6m 3.22% Reduced -34.4k -34,387
82 VALLEY NATIONAL ADVISERS INC 7.38% of their portfolio BETHLEHEM, PA 1,849,9121.8m $45.2m $45.2m 7.38% Added +46.2k +46,176
83 IMA Advisory Services, Inc. 4.73% of their portfolio DENVER, CO 1,806,2951.8m $44.1m $44.1m 4.73% Reduced -3.0k -2,980
84 Northeast Financial Group, Inc. 13.89% of their portfolio Allentown, PA 1,793,9171.8m $43.8m $43.8m 13.89% Added +60.9k +60,947
85 COMMONWEALTH EQUITY SERVICES, LLC 0.06% of their portfolio WALTHAM, MA 1,773,9821.8m $43.4m $43.4m 0.06% Added +16.6k +16,558
86 Embree Financial Group 6.43% of their portfolio Chicago, IL 1,746,0111.7m $42.7m $42.7m 6.43% Reduced -65.8k -65,792
87 Bleakley Financial Group, LLC 1.02% of their portfolio PARSIPPANY, NJ 1,636,1061.6m $40.0m $40.0m 1.02% Added +1.2m +1,238,098
88 World Investment Advisors 0.91% of their portfolio LINCROFT, NJ 1,635,6601.6m $40.0m $40.0m 0.91% Added +1.5m +1,512,278
89 CHOREO, LLC 0.55% of their portfolio ROCKFORD, IL 1,621,9401.6m $39.6m $39.6m 0.55% Reduced -566.8k -566,804
90 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 1,616,1851.6m $39.5m $39.5m 0.01% Added +565.4k +565,367
91 Newman Dignan & Sheerar, Inc. 8.79% of their portfolio PROVIDENCE, RI 1,564,2241.6m $38.2m $38.2m 8.79% Added +7.2k +7,187
92 KAVAR CAPITAL PARTNERS GROUP, LLC 5.47% of their portfolio LEAWOOD, KS 1,557,7801.6m $38.1m $38.1m 5.47% Added +124.0k +123,956
93 Modera Wealth Management, LLC 0.47% of their portfolio WESTWOOD, NJ 1,553,5091.6m $38.0m $38.0m 0.47% Reduced -23.6k -23,557
94 Schneider Downs Wealth Management Advisors, LP 5.66% of their portfolio Pittsburgh, PA 1,550,2281.6m $37.9m $37.9m 5.66% Added +42.0k +41,957
95 ACCESS FINANCIAL SERVICES, INC. 14.26% of their portfolio MINNEAPOLIS, MN 1,543,1641.5m $37.7m $37.7m 14.26% Reduced -45.1k -45,130
96 Chicago Partners Investment Group LLC 1.09% of their portfolio CHICAGO, IL 1,507,0131.5m $37.9m $37.9m 1.09% Added +40.4k +40,363
97 Wilmington Savings Fund Society, FSB 0.65% of their portfolio WILMINGTON, DE 1,502,0321.5m $36.7m $36.7m 0.65% Reduced -93.8k -93,844
98 Burt Wealth Advisors 8.25% of their portfolio North Bethesda, MD 1,476,6951.5m $36.1m $36.1m 8.25% Added +25.0k +24,991
99 Matrix Trust Co 5.64% of their portfolio DENVER, CO 1,449,8341.4m $35.4m $35.4m 5.64% Added +19.3k +19,312
100 Sherwood Financial Partners, LLC 32.13% of their portfolio WESTLAKE VILLAGE, CA 1,434,8881.4m $35.1m $35.1m 32.13% Reduced -25.3k -25,313