Vault-13

SCHWAB STRATEGIC TR SCHX

US LRG CAP ETF · ETP · CUSIP 808524201

1,444 institutional holders +34 vs Q2 2025
1,091,318,0141.1bn shares reported held*
$28.7bnreported value*
98 new 495 added 570 reduced 51 sold out net bought ≈ $116.8m (+3.6m 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 ($13.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $26.33. Options: 3 managers hold calls ($1.7m notional), 1 hold puts ($310.8k).

Trends to Q3 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: 1,410Q3 25: 1,4441,444Q3 22Q2 23Q1 24Q4 24Q3 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
Q3 20251,444

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ4 23: 492 bought or addedQ4 23: 463 cut or sold outQ1 24: 503 bought or addedQ1 24: 577 cut or sold outQ1 24Q2 24: 469 bought or addedQ2 24: 531 cut or sold outQ3 24: 558 bought or addedQ3 24: 521 cut or sold outQ3 24Q4 24: 540 bought or addedQ4 24: 596 cut or sold outQ1 25: 625 bought or addedQ1 25: 591 cut or sold outQ1 25Q2 25: 670 bought or addedQ2 25: 568 cut or sold outQ3 25: 593 bought or addedQ3 25: 621 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 2023492463
Q1 2024503577
Q2 2024469531
Q3 2024558521
Q4 2024540596
Q1 2025625591
Q2 2025670568
Q3 2025593621

Calls vs puts

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

CallsPuts
$0$500k$1m$1.5m$2mQ4 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 0.00Q3 25 calls: $1.7mQ3 25 puts: $310.8kQ3 25P/C 0.18
Numbers
QuarterCallsPutsP/C
Q4 2024$1.6m$92.7k0.06
Q1 2025$1.2m$116.7k0.10
Q2 2025$1.7m$00.00
Q3 2025$1.7m$310.8k0.18

Biggest buyers

VANTAGEPOINT INVESTMENT ADVISERS LLC New +7,592,541+7.6m
Farther Finance Advisors, LLC Added +2,433,348+2.4m
JPMORGAN CHASE & CO Added +2,314,265+2.3m
MONETA GROUP INVESTMENT ADVISORS LLC Added +1,808,743+1.8m
Modern Wealth Management, LLC Added +1,759,832+1.8m
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +1,616,966+1.6m
Visionary Wealth Advisors Added +1,542,177+1.5m
BANK OF AMERICA CORP /DE/ Added +1,479,921+1.5m
OSAIC HOLDINGS, INC. Added +1,348,961+1.3m
AQR CAPITAL MANAGEMENT LLC Added +1,216,027+1.2m

Biggest sellers

ENVESTNET ASSET MANAGEMENT INC Reduced -9,243,500-9.2m
SEI INVESTMENTS CO Reduced -4,574,972-4.6m
ROYAL BANK OF CANADA Reduced -1,764,041-1.8m
FIDELIS iM, LLC Reduced -1,201,819-1.2m
MERCER GLOBAL ADVISORS INC /ADV Reduced -1,089,816-1.1m
Prime Capital Investment Advisors, LLC Reduced -907,977-908.0k
Creative Planning Reduced -843,732-843.7k
US BANCORP \DE\ Reduced -758,205-758.2k
Foundations Investment Advisors, LLC Reduced -714,439-714.4k
Betterment LLC Reduced -664,551-664.6k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.1m41.7k shares
CITADEL ADVISORS LLC Added $584.7k22.2k shares
GROUP ONE TRADING LLC Added $18.4k700 shares

Biggest puts

CITADEL ADVISORS LLC New $310.8k11.8k 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, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 US BANCORP \DE\ 6.42% of their portfolio MINNEAPOLIS, MN 205,650,965205.7m $5.4bn $5.4bn 6.42% Reduced -758.2k -758,205
2 Creative Planning 1.62% of their portfolio OVERLAND PARK, KS 80,734,18580.7m $2.1bn $2.1bn 1.62% Reduced -843.7k -843,732
3 MONETA GROUP INVESTMENT ADVISORS LLC 7.28% of their portfolio ST LOUIS, MO 34,779,04634.8m $916.1m $916.1m 7.28% Added +1.8m +1,808,743
4 HBK Sorce Advisory LLC 22.49% of their portfolio ERIE, PA 34,041,79134.0m $897.0m $897.0m 22.49% Added +515.5k +515,524
5 SEI INVESTMENTS CO 0.89% of their portfolio OAKS, PA 31,394,16731.4m $826.9m $826.9m 0.89% Reduced -4.6m -4,574,972
6 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.52% of their portfolio MILWAUKEE, WI 29,438,30329.4m $775.4m $775.4m 0.52% Added +1.6m +1,616,966
7 SAGE FINANCIAL GROUP INC 44.81% of their portfolio W. CONSHOHOCKEN, PA 25,009,64225.0m $658.8m $658.8m 44.81% Added +199.3k +199,289
8 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.78% of their portfolio PLYMOUTH, MN 19,420,42119.4m $514.3m $514.3m 0.78% Reduced -146.1k -146,085
9 Cerity Partners LLC 0.81% of their portfolio NEW YORK, NY 18,864,22518.9m $496.9m $496.9m 0.81% Added +133.2k +133,206
10 CAPTRUST FINANCIAL ADVISORS 0.99% of their portfolio RALEIGH, NC 18,482,94918.5m $486.8m $486.8m 0.99% Added +272.1k +272,099
11 Betterment LLC 0.94% of their portfolio NEW YORK, NY 18,084,62018.1m $476.3m $476.3m 0.94% Reduced -664.6k -664,551
12 Diversified Enterprises, LLC 29.23% of their portfolio Wilmington, DE 16,481,20616.5m $434.1m $434.1m 29.23% Added +220.3k +220,302
13 HighTower Advisors, LLC 0.42% of their portfolio CHICAGO, IL 14,199,70714.2m $374.0m $374.0m 0.42% Reduced -87.0k -86,994
14 JANUS HENDERSON GROUP PLC 0.14% of their portfolio LONDON, X0 11,427,61211.4m $301.0m $301.0m 0.14% Added +607.7k +607,736
15 MERCER GLOBAL ADVISORS INC /ADV 0.46% of their portfolio DENVER, CO 10,349,93110.3m $272.6m $272.6m 0.46% Reduced -1.1m -1,089,816
16 Prime Capital Investment Advisors, LLC 3.37% of their portfolio OVERLAND PARK, KS 10,183,01810.2m $268.2m $268.2m 3.37% Reduced -908.0k -907,977
17 McAdam, LLC 12.50% of their portfolio Philadelphia, PA 9,633,6289.6m $253.7m $253.7m 12.50% Added +329.5k +329,547
18 Mariner, LLC 0.33% of their portfolio Overland Park, KS 9,584,1159.6m $252.4m $252.4m 0.33% Reduced -44.8k -44,780
19 Koss-Olinger Consulting, LLC 19.00% of their portfolio GAINESVILLE, FL 9,414,0809.4m $230.1m $230.1m 19.00% Reduced -67.5k -67,513
20 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 9,204,0949.2m $242.4m $242.4m 0.02% Added +1.5m +1,479,921
21 JMG Financial Group, Ltd. 6.59% of their portfolio DOWNERS GROVE, IL 8,784,0108.8m $231.4m $231.4m 6.59% Reduced -297.0k -297,042
22 LPL Financial LLC 0.06% of their portfolio FORT MILL, SC 8,219,5608.2m $216.5m $216.5m 0.06% Added +1.2m +1,175,645
23 ASSETMARK, INC 0.43% of their portfolio CONCORD, CA 7,617,9557.6m $200.7m $200.7m 0.43% Added +547.6k +547,610
24 VANTAGEPOINT INVESTMENT ADVISERS LLC 1.63% of their portfolio WASHINGTON, DC 7,592,5417.6m $200.0m $200.0m 1.63% New
25 Fund Evaluation Group, LLC 6.83% of their portfolio CINCINNATI, OH 7,167,3497.2m $188.8m $188.8m 6.83% Reduced -176.0k -176,030
26 Kohmann Bosshard Financial Services, LLC 17.48% of their portfolio FAIRLAWN, OH 6,464,6416.5m $170.6m $170.6m 17.48% Added +129.2k +129,196
27 Apriem Advisors 15.96% of their portfolio IRVINE, CA 6,405,1796.4m $168.7m $168.7m 15.96% Added +172.8k +172,782
28 BlueSky Wealth Advisors, LLC 21.86% of their portfolio New Bern, NC 6,154,0096.2m $162.1m $162.1m 21.86% Added +17.9k +17,862
29 Beacon Pointe Advisors, LLC 1.34% of their portfolio NEWPORT BEACH, CA 5,996,8056.0m $158.0m $158.0m 1.34% Reduced -46.2k -46,233
30 Wealthspire Advisors, LLC 0.79% of their portfolio NEW YORK, NY 5,730,8565.7m $151.0m $151.0m 0.79% Reduced -111.5k -111,468
31 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 5,696,5565.7m $150.0m $150.0m 0.01% Added +96.2k +96,184
32 Corient Private Wealth LP 0.23% of their portfolio MIAMI, FL 5,485,2425.5m $144.5m $144.5m 0.23% Reduced -566.3k -566,319
33 Northwest Quadrant Wealth Management, LLC 29.12% of their portfolio BEND, OR 5,234,2085.2m $137.9m $137.9m 29.12% Added +466.2k +466,171
34 FINANCIAL CONSULATE, INC 19.09% of their portfolio HUNT VALLEY, MD 5,133,0755.1m $135.2m $135.2m 19.09% Added +429.9k +429,933
35 JOHNSON INVESTMENT COUNSEL INC 1.11% of their portfolio Cincinnati, OH 5,023,6805.0m $132.3m $132.3m 1.11% Added +136.6k +136,646
36 GREENWOOD GEARHART LLC 7.53% of their portfolio FAYETTEVILLE, AR 4,956,6975.0m $130.6m $130.6m 7.53% Added +117.1k +117,140
37 Orgel Wealth Management, LLC 2.82% of their portfolio ALTOONA, WI 4,692,1874.7m $123.6m $123.6m 2.82% Reduced -34.3k -34,271
38 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 4,655,3544.7m $122.6m $122.6m 0.00% Added +2.3m +2,314,265
39 EVERMAY WEALTH MANAGEMENT LLC 13.49% of their portfolio ARLINGTON, VA 4,479,8824.5m $118.0m $118.0m 13.49% Reduced -64.8k -64,815
40 Charles Schwab Trust Co 7.45% of their portfolio HENDERSON, NV 4,164,2094.2m $109.7m $109.7m 7.45% Added +268.5k +268,464
41 ENVESTNET ASSET MANAGEMENT INC 0.03% of their portfolio Berwyn, PA 4,119,6284.1m $108.5m $108.5m 0.03% Reduced -9.2m -9,243,500
42 Steele Capital Management, Inc. 4.58% of their portfolio DUBUQUE, IA 3,915,5803.9m $103.2m $103.2m 4.58% Reduced -21.1k -21,122
43 FSA Investment Group, LLC 60.40% of their portfolio Pensacola, FL 3,664,8593.7m $96.9m $96.9m 60.40% Added +528 +528
44 Curi Capital, LLC 1.74% of their portfolio CHICAGO, IL 3,601,7953.6m $94.9m $94.9m 1.74% Reduced -77.6k -77,635
45 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 3,453,0503.5m $91.0m $91.0m 0.02% Added +127.2k +127,217
46 Meridian Wealth Partners, LLC 12.38% of their portfolio EXTON, PA 3,414,7663.4m $89.9m $89.9m 12.38% Added +465.2k +465,244
47 SIMS INVESTMENT MANAGEMENT, LLC 32.06% of their portfolio CINCINNATI, OH 3,363,3693.4m $88.6m $88.6m 32.06% Added +83.9k +83,888
48 Integrated Wealth Concepts LLC 0.74% of their portfolio WALTHAM, MA 3,136,3873.1m $82.6m $82.6m 0.74% Added +30.3k +30,300
49 HB Wealth Management, LLC 0.54% of their portfolio Atlanta, GA 3,042,7453.0m $80.1m $80.1m 0.54% Added +44.2k +44,177
50 CORNERSTONE ADVISORS ASSET MANAGEMENT, LLC 13.41% of their portfolio BETHLEHEM, PA 2,912,7902.9m $76.7m $76.7m 13.41% Added +57.7k +57,654
51 Farther Finance Advisors, LLC 1.15% of their portfolio SAN FRANCISCO, CA 2,890,9792.9m $76.1m $76.1m 1.15% Added +2.4m +2,433,348
52 Cresset Asset Management, LLC 0.33% of their portfolio Chicago, IL 2,835,0352.8m $74.7m $74.7m 0.33% Added +28.0k +28,045
53 Standpoint Asset Management, LLC 16.37% of their portfolio SCOTTSDALE, AZ 2,749,7002.7m $72.4m $72.4m 16.37% Reduced -492.4k -492,400
54 Cambridge Investment Research Advisors, Inc. 0.20% of their portfolio FAIRFIELD, IA 2,716,6442.7m $71.6m $71.6m 0.20% Added +27.1k +27,063
55 OSAIC HOLDINGS, INC. 0.10% of their portfolio SCOTTSDALE, AZ 2,662,0282.7m $69.7m $69.7m 0.10% Added +1.3m +1,348,961
56 Focus Partners Wealth 0.11% of their portfolio ST LOUIS, MO 2,632,4592.6m $69.4m $69.4m 0.11% Added +162.9k +162,873
57 Baker Avenue Asset Management, LP 1.64% of their portfolio SAN FRANCISCO, CA 2,604,1342.6m $68.6m $68.6m 1.64% Added +70.1k +70,091
58 Aptus Capital Advisors, LLC 0.62% of their portfolio FAIRHOPE, AL 2,570,7212.6m $67.7m $67.7m 0.62% Added +17.7k +17,691
59 Jaffetilchin Investment Partners, LLC 4.04% of their portfolio TAMPA, FL 2,563,1782.6m $67.5m $67.5m 4.04% Added +4.9k +4,905
60 NewSquare Capital LLC 4.57% of their portfolio NEWTOWN SQUARE, PA 2,556,4962.6m $67.3m $67.3m 4.57% Added +63.6k +63,606
61 Bangor Savings Bank 5.57% of their portfolio BANGOR, ME 2,537,5972.5m $66.8m $66.8m 5.57% Reduced -44.2k -44,239
62 Savant Capital, LLC 0.40% of their portfolio ROCKFORD, IL 2,496,6782.5m $65.8m $65.8m 0.40% Added +23.9k +23,870
63 GUARDIAN WEALTH ADVISORS, LLC / NC 4.29% of their portfolio RALEIGH, NC 2,495,4592.5m $65.7m $65.7m 4.29% Added +6.0k +5,990
64 Berger Financial Group, Inc 3.73% of their portfolio PLYMOUTH, MN 2,363,4032.4m $62.3m $62.3m 3.73% Added +55.3k +55,347
65 JONES FINANCIAL COMPANIES LLLP 0.04% of their portfolio DES PERES, MO 2,312,0552.3m $60.6m $60.6m 0.04% Added +66.2k +66,197
66 Financial Management Professionals, Inc. 6.28% of their portfolio AUSTIN, TX 2,289,2952.3m $60.3m $60.3m 6.28% Added +33.6k +33,571
67 Legacy Wealth Management, LLC 3.54% of their portfolio MEMPHIS, TN 2,282,2572.3m $60.1m $60.1m 3.54% Reduced -61.4k -61,369
68 CacheTech Inc. 12.04% of their portfolio LOGAN, UT 2,266,3302.3m $59.7m $59.7m 12.04% Reduced -461.3k -461,294
69 Alliance Wealth Management Group 13.16% of their portfolio FLEMINGTON, NJ 2,244,9842.2m $59.1m $59.1m 13.16% Reduced -35.6k -35,612
70 Towercrest Capital Management 9.49% of their portfolio NEWTOWN, PA 2,244,9842.2m $59.1m $59.1m 9.49% Reduced -35.6k -35,612
71 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 2,178,7602.2m $57.4m $57.4m 0.01% Added +235.7k +235,717
72 RKL Wealth Management LLC 4.87% of their portfolio LANCASTER, PA 2,168,5192.2m $57.1m $57.1m 4.87% Reduced -168.3k -168,297
73 Adams Wealth Management 12.22% of their portfolio LOGAN, UT 2,164,2222.2m $57.0m $57.0m 12.22% Reduced -477.8k -477,762
74 AQR CAPITAL MANAGEMENT LLC 0.04% of their portfolio Greenwich, CT 2,163,7952.2m $57.0m $57.0m 0.04% Added +1.2m +1,216,027
75 HARBOUR INVESTMENTS, INC. 1.25% of their portfolio MADISON, WI 2,099,1792.1m $55.3m $55.3m 1.25% Added +46.5k +46,488
76 McGlone Suttner Wealth Management, Inc. 7.70% of their portfolio APPLETON, WI 2,088,6932.1m $55.0m $55.0m 7.70% Added +18.7k +18,664
77 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 2,014,7872.0m $53.1m $53.1m 0.01% Reduced -1.8m -1,764,041
78 Pure Financial Advisors, LLC 0.82% of their portfolio SAN DIEGO, CA 1,960,2062.0m $51.6m $51.6m 0.82% Reduced -43.1k -43,093
79 RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio ST. PETERSBURG, FL 1,948,8931.9m $51.3m $51.3m 0.02% Reduced -148.6k -148,634
80 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.37% of their portfolio IRVING, TX 1,937,7221.9m $51.0m $51.0m 0.37% Reduced -64.8k -64,827
81 Northeast Financial Group, Inc. 12.63% of their portfolio Allentown, PA 1,926,2441.9m $50.7m $50.7m 12.63% Added +132.3k +132,327
82 Red Door Wealth Management, LLC 5.36% of their portfolio Memphis, TN 1,916,2151.9m $50.5m $50.5m 5.36% Added +12.4k +12,355
83 VALLEY NATIONAL ADVISERS INC 7.69% of their portfolio BETHLEHEM, PA 1,885,8781.9m $49.7m $49.7m 7.69% Added +36.0k +35,966
84 Richardson Capital Management LLC 23.60% of their portfolio MENOMONEE FALLS, WI 1,885,2501.9m $49.7m $49.7m 23.60% Reduced -397.2k -397,227
85 APPLETON PARTNERS INC/MA 3.29% of their portfolio BOSTON, MA 1,863,3891.9m $49.1m $49.1m 3.29% Reduced -951 -951
86 Modern Wealth Management, LLC 0.95% of their portfolio KANSAS CITY, MO 1,815,1861.8m $47.8m $47.8m 0.95% Added +1.8m +1,759,832
87 IMA Advisory Services, Inc. 4.79% of their portfolio DENVER, CO 1,805,7831.8m $47.6m $47.6m 4.79% Reduced -512 -512
88 Courage Miller Partners, LLC 14.24% of their portfolio NORFOLK, VA 1,805,1971.8m $47.5m $47.5m 14.24% Reduced -59.6k -59,557
89 Bleakley Financial Group, LLC 1.10% of their portfolio PARSIPPANY, NJ 1,796,2321.8m $47.3m $47.3m 1.10% Added +160.1k +160,126
90 COMMONWEALTH EQUITY SERVICES, LLC 0.06% of their portfolio WALTHAM, MA 1,768,4521.8m $46.6m $46.6m 0.06% Reduced -5.5k -5,530
91 Visionary Wealth Advisors 2.08% of their portfolio O'FALLON, IL 1,696,9761.7m $44.7m $44.7m 2.08% Added +1.5m +1,542,177
92 World Investment Advisors 0.89% of their portfolio LINCROFT, NJ 1,646,7341.6m $43.4m $43.4m 0.89% Added +11.1k +11,074
93 KAVAR CAPITAL PARTNERS GROUP, LLC 5.73% of their portfolio LEAWOOD, KS 1,631,5741.6m $43.0m $43.0m 5.73% Added +73.8k +73,794
94 Chicago Partners Investment Group LLC 1.16% of their portfolio CHICAGO, IL 1,630,7671.6m $44.3m $44.3m 1.16% Added +123.8k +123,754
95 Embree Financial Group 5.65% of their portfolio Chicago, IL 1,599,4731.6m $42.1m $42.1m 5.65% Reduced -146.5k -146,538
96 Newman Dignan & Sheerar, Inc. 8.78% of their portfolio PROVIDENCE, RI 1,544,0071.5m $40.7m $40.7m 8.78% Reduced -20.2k -20,217
97 Modera Wealth Management, LLC 0.47% of their portfolio WESTWOOD, NJ 1,525,0421.5m $40.2m $40.2m 0.47% Reduced -28.5k -28,467
98 Wilmington Savings Fund Society, FSB 0.96% of their portfolio WILMINGTON, DE 1,510,3371.5m $39.8m $39.8m 0.96% Added +8.3k +8,305
99 Burt Wealth Advisors 9.56% of their portfolio North Bethesda, MD 1,478,9701.5m $39.0m $39.0m 9.56% Added +2.3k +2,275
100 CHOREO, LLC 0.51% of their portfolio ROCKFORD, IL 1,472,2641.5m $38.8m $38.8m 0.51% Reduced -149.7k -149,676