Vault-13

SCHWAB STRATEGIC TR SCHX

US LRG CAP ETF · ETP · CUSIP 808524201

1,554 institutional holders +110 vs Q3 2025
1,119,279,6231.1bn shares reported held*
$30.1bnreported value*
90 new 548 added 553 reduced 56 sold out net bought ≈ $623.9m (+23.6m 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 ($30.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $26.93. Options: 2 managers hold calls ($1.3m notional), 1 hold puts ($328.3k).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

01k2kQ3 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: 1,444Q4 25: 1,5541,554Q3 22Q2 23Q1 24Q4 24Q4 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
Q4 20251,554

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ1 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 25Q3 25: 593 bought or addedQ3 25: 621 cut or sold outQ4 25: 638 bought or addedQ4 25: 609 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024503577
Q2 2024469531
Q3 2024558521
Q4 2024540596
Q1 2025625591
Q2 2025670568
Q3 2025593621
Q4 2025638609

Calls vs puts

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

CallsPuts
$0$500k$1m$1.5m$2mQ1 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 0.18Q4 25 calls: $1.3mQ4 25 puts: $328.3kQ4 25P/C 0.25
Numbers
QuarterCallsPutsP/C
Q1 2025$1.2m$116.7k0.10
Q2 2025$1.7m$00.00
Q3 2025$1.7m$310.8k0.18
Q4 2025$1.3m$328.3k0.25

Biggest buyers

Norinchukin Bank, The New +10,180,000+10.2m
Corient Private Wealth LP Added +5,607,107+5.6m
Creative Planning Added +3,078,140+3.1m
Fund Evaluation Group, LLC Added +2,325,216+2.3m
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +1,546,669+1.5m
FIDELIS iM, LLC Added +1,354,421+1.4m
True Freedom Investing, LLC Added +1,173,544+1.2m
Farther Finance Advisors, LLC Added +1,081,148+1.1m
MONETA GROUP INVESTMENT ADVISORS LLC Added +1,051,978+1.1m
CAPTRUST FINANCIAL ADVISORS Added +1,039,540+1.0m

Biggest sellers

US BANCORP \DE\ Reduced -4,565,004-4.6m
Wealthspire Advisors, LLC Reduced -2,914,447-2.9m
ENVESTNET ASSET MANAGEMENT INC Reduced -2,269,538-2.3m
JPMORGAN CHASE & CO Reduced -2,107,791-2.1m
SAGE FINANCIAL GROUP INC Reduced -1,173,166-1.2m
ASSETMARK, INC Reduced -1,104,161-1.1m
WELLINGTON MANAGEMENT GROUP LLP Sold out -799,302-799.3k
Arlington Trust Co LLC Reduced -601,080-601.1k
LPL Financial LLC Reduced -522,670-522.7k
Sanctuary Advisors, LLC Reduced -470,087-470.1k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $761.6k28.3k shares
CITADEL ADVISORS LLC Reduced $538.2k20.0k shares

Biggest puts

CITADEL ADVISORS LLC Added $328.3k12.2k 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, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 US BANCORP \DE\ 6.34% of their portfolio MINNEAPOLIS, MN 201,085,961201.1m $5.4bn $5.4bn 6.34% Reduced -4.6m -4,565,004
2 Creative Planning 1.61% of their portfolio OVERLAND PARK, KS 83,812,32583.8m $2.3bn $2.3bn 1.61% Added +3.1m +3,078,140
3 MONETA GROUP INVESTMENT ADVISORS LLC 7.30% of their portfolio ST LOUIS, MO 35,831,02435.8m $964.2m $964.2m 7.30% Added +1.1m +1,051,978
4 HBK Sorce Advisory LLC 21.57% of their portfolio ERIE, PA 34,479,16534.5m $939.2m $939.2m 21.57% Added +437.4k +437,374
5 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.53% of their portfolio MILWAUKEE, WI 30,984,97231.0m $833.8m $833.8m 0.53% Added +1.5m +1,546,669
6 SEI INVESTMENTS CO 0.82% of their portfolio OAKS, PA 30,973,81131.0m $833.5m $833.5m 0.82% Reduced -420.4k -420,356
7 SAGE FINANCIAL GROUP INC 42.45% of their portfolio W. CONSHOHOCKEN, PA 23,836,47623.8m $641.4m $641.4m 42.45% Reduced -1.2m -1,173,166
8 CAPTRUST FINANCIAL ADVISORS 1.00% of their portfolio RALEIGH, NC 19,522,48919.5m $525.4m $525.4m 1.00% Added +1.0m +1,039,540
9 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.71% of their portfolio PLYMOUTH, MN 19,086,17419.1m $521.8m $521.8m 0.71% Reduced -334.2k -334,247
10 Cerity Partners LLC 0.75% of their portfolio NEW YORK, NY 18,990,65919.0m $511.0m $511.0m 0.75% Added +126.4k +126,434
11 Betterment LLC 0.93% of their portfolio NEW YORK, NY 18,148,92818.1m $488.4m $488.4m 0.93% Added +64.3k +64,308
12 Diversified Enterprises, LLC 27.15% of their portfolio Wilmington, DE 16,962,16517.0m $456.5m $456.5m 27.15% Added +481.0k +480,959
13 HighTower Advisors, LLC 0.42% of their portfolio CHICAGO, IL 14,141,39414.1m $380.5m $380.5m 0.42% Reduced -58.3k -58,313
14 JANUS HENDERSON GROUP PLC 0.15% of their portfolio LONDON, X0 12,410,72012.4m $334.0m $334.0m 0.15% Added +983.1k +983,108
15 Corient Private Wealth LP 0.20% of their portfolio MIAMI, FL 11,092,34911.1m $298.5m $298.5m 0.20% Added +5.6m +5,607,107
16 MERCER GLOBAL ADVISORS INC /ADV 0.43% of their portfolio DENVER, CO 10,387,00710.4m $283.0m $283.0m 0.43% Added +37.1k +37,076
17 Mariner, LLC 0.33% of their portfolio Overland Park, KS 10,235,45510.2m $275.4m $275.4m 0.33% Added +651.3k +651,340
18 Norinchukin Bank, The 3.19% of their portfolio TOKYO, M0 10,180,00010.2m $273.9m $273.9m 3.19% New
19 Prime Capital Investment Advisors, LLC 3.28% of their portfolio OVERLAND PARK, KS 10,005,83110.0m $269.3m $269.3m 3.28% Reduced -177.2k -177,187
20 Koss-Olinger Consulting, LLC 20.85% of their portfolio GAINESVILLE, FL 9,998,50910.0m $269.1m $269.1m 20.85% Added +584.4k +584,429
21 McAdam, LLC 12.24% of their portfolio Philadelphia, PA 9,936,3629.9m $267.4m $267.4m 12.24% Added +302.7k +302,734
22 Fund Evaluation Group, LLC 8.45% of their portfolio CINCINNATI, OH 9,492,5659.5m $255.4m $255.4m 8.45% Added +2.3m +2,325,216
23 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 9,021,8399.0m $242.8m $242.8m 0.02% Reduced -182.3k -182,255
24 JMG Financial Group, Ltd. 6.39% of their portfolio DOWNERS GROVE, IL 8,445,9068.4m $227.3m $227.3m 6.39% Reduced -338.1k -338,104
25 LPL Financial LLC 0.06% of their portfolio FORT MILL, SC 7,696,8907.7m $207.1m $207.1m 0.06% Reduced -522.7k -522,670
26 VANTAGEPOINT INVESTMENT ADVISERS LLC 1.64% of their portfolio WASHINGTON, DC 7,592,5417.6m $204.3m $204.3m 1.64% Unchanged
27 Kohmann Bosshard Financial Services, LLC 17.17% of their portfolio FAIRLAWN, OH 7,128,3627.1m $192.0m $192.0m 17.17% Added +663.7k +663,721
28 ASSETMARK, INC 0.36% of their portfolio CONCORD, CA 6,513,7946.5m $175.3m $175.3m 0.36% Reduced -1.1m -1,104,161
29 Beacon Pointe Advisors, LLC 1.22% of their portfolio NEWPORT BEACH, CA 6,461,8276.5m $173.9m $173.9m 1.22% Added +465.0k +465,022
30 BlueSky Wealth Advisors, LLC 22.06% of their portfolio New Bern, NC 6,216,1586.2m $167.3m $167.3m 22.06% Added +62.1k +62,149
31 Apriem Advisors 15.23% of their portfolio IRVINE, CA 6,166,5836.2m $165.9m $165.9m 15.23% Reduced -238.6k -238,596
32 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 6,006,5986.0m $161.6m $161.6m 0.01% Added +310.0k +310,042
33 Northwest Quadrant Wealth Management, LLC 29.50% of their portfolio BEND, OR 5,301,1345.3m $142.7m $142.7m 29.50% Added +66.9k +66,926
34 FINANCIAL CONSULATE, INC 19.14% of their portfolio HUNT VALLEY, MD 5,201,9445.2m $140.0m $140.0m 19.14% Added +68.9k +68,869
35 JOHNSON INVESTMENT COUNSEL INC 1.12% of their portfolio Cincinnati, OH 5,075,6895.1m $136.6m $136.6m 1.12% Added +52.0k +52,009
36 GREENWOOD GEARHART LLC 7.03% of their portfolio FAYETTEVILLE, AR 4,746,8454.7m $127.7m $127.7m 7.03% Reduced -209.9k -209,852
37 Orgel Wealth Management, LLC 2.78% of their portfolio ALTOONA, WI 4,679,3984.7m $125.9m $125.9m 2.78% Reduced -12.8k -12,789
38 EVERMAY WEALTH MANAGEMENT LLC 13.39% of their portfolio ARLINGTON, VA 4,435,7954.4m $119.4m $119.4m 13.39% Reduced -44.1k -44,087
39 Charles Schwab Trust Co 7.45% of their portfolio HENDERSON, NV 4,214,9544.2m $113.4m $113.4m 7.45% Added +50.7k +50,745
40 Steele Capital Management, Inc. 4.60% of their portfolio DUBUQUE, IA 3,985,0734.0m $107.2m $107.2m 4.60% Added +69.5k +69,493
41 Farther Finance Advisors, LLC 1.15% of their portfolio SAN FRANCISCO, CA 3,972,1274.0m $106.9m $106.9m 1.15% Added +1.1m +1,081,148
42 Curi Capital, LLC 1.66% of their portfolio CHICAGO, IL 3,561,8263.6m $95.8m $95.8m 1.66% Reduced -40.0k -39,969
43 FSA Investment Group, LLC 58.16% of their portfolio Pensacola, FL 3,545,1683.5m $95.4m $95.4m 58.16% Reduced -119.7k -119,691
44 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 3,484,5773.5m $93.8m $93.8m 0.02% Added +31.5k +31,527
45 SIMS INVESTMENT MANAGEMENT, LLC 32.53% of their portfolio CINCINNATI, OH 3,420,4323.4m $92.0m $92.0m 32.53% Added +57.1k +57,063
46 Meridian Wealth Partners, LLC 12.63% of their portfolio EXTON, PA 3,405,7433.4m $91.6m $91.6m 12.63% Reduced -9.0k -9,023
47 EP Wealth Advisors, LLC 0.45% of their portfolio TORRANCE, CA 3,216,7263.2m $86.6m $86.6m 0.45% First filing
48 Focus Partners Wealth 0.10% of their portfolio ST LOUIS, MO 3,204,4463.2m $86.2m $86.2m 0.10% Added +572.0k +571,987
49 Integrated Wealth Concepts LLC 1.01% of their portfolio WALTHAM, MA 3,151,9333.2m $84.8m $84.8m 1.01% Added +15.5k +15,546
50 HB Wealth Management, LLC 0.53% of their portfolio Atlanta, GA 3,031,4363.0m $81.6m $81.6m 0.53% Reduced -11.3k -11,309
51 CORNERSTONE ADVISORS ASSET MANAGEMENT, LLC 12.74% of their portfolio BETHLEHEM, PA 2,915,8832.9m $78.5m $78.5m 12.74% Added +3.1k +3,093
52 Cresset Asset Management, LLC 0.32% of their portfolio Chicago, IL 2,828,8982.8m $76.1m $76.1m 0.32% Reduced -6.1k -6,137
53 Wealthspire Advisors, LLC 0.60% of their portfolio NEW YORK, NY 2,816,4092.8m $75.8m $75.8m 0.60% Reduced -2.9m -2,914,447
54 OSAIC HOLDINGS, INC. 0.11% of their portfolio SCOTTSDALE, AZ 2,797,9702.8m $75.3m $75.3m 0.11% Added +135.9k +135,942
55 AQR CAPITAL MANAGEMENT LLC 0.04% of their portfolio Greenwich, CT 2,773,5292.8m $74.6m $74.6m 0.04% Added +609.7k +609,734
56 Cambridge Investment Research Advisors, Inc. 0.19% of their portfolio FAIRFIELD, IA 2,729,0482.7m $73.4m $73.4m 0.19% Added +12.4k +12,404
57 Baker Avenue Asset Management, LP 1.67% of their portfolio SAN FRANCISCO, CA 2,695,1832.7m $72.5m $72.5m 1.67% Added +91.0k +91,049
58 Aptus Capital Advisors, LLC 0.61% of their portfolio FAIRHOPE, AL 2,676,2242.7m $72.0m $72.0m 0.61% Added +105.5k +105,503
59 Standpoint Asset Management, LLC 16.34% of their portfolio SCOTTSDALE, AZ 2,657,5002.7m $71.5m $71.5m 16.34% Reduced -92.2k -92,200
60 GUARDIAN WEALTH ADVISORS, LLC / NC 4.43% of their portfolio RALEIGH, NC 2,622,1722.6m $70.6m $70.6m 4.43% Added +126.7k +126,713
61 Jaffetilchin Investment Partners, LLC 4.04% of their portfolio TAMPA, FL 2,570,0822.6m $69.2m $69.2m 4.04% Added +6.9k +6,904
62 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 2,547,5632.5m $68.6m $68.6m 0.00% Reduced -2.1m -2,107,791
63 JONES FINANCIAL COMPANIES LLLP 0.04% of their portfolio DES PERES, MO 2,530,2912.5m $68.1m $68.1m 0.04% Added +218.2k +218,236
64 Bangor Savings Bank 5.35% of their portfolio BANGOR, ME 2,472,9432.5m $66.5m $66.5m 5.35% Reduced -64.7k -64,654
65 Savant Capital, LLC 0.38% of their portfolio ROCKFORD, IL 2,464,6602.5m $66.3m $66.3m 0.38% Reduced -32.0k -32,018
66 Berger Financial Group, Inc 3.65% of their portfolio PLYMOUTH, MN 2,337,7492.3m $62.9m $62.9m 3.65% Reduced -25.7k -25,654
67 CacheTech Inc. 11.47% of their portfolio LOGAN, UT 2,300,0002.3m $61.9m $61.9m 11.47% Added +33.7k +33,670
68 NewSquare Capital LLC 5.40% of their portfolio NEWTOWN SQUARE, PA 2,276,6852.3m $61.3m $61.3m 5.40% Reduced -279.8k -279,811
69 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 2,243,4442.2m $60.4m $60.4m 0.01% Added +64.7k +64,684
70 Alliance Wealth Management Group 13.07% of their portfolio FLEMINGTON, NJ 2,212,2312.2m $59.5m $59.5m 13.07% Reduced -32.8k -32,753
71 Towercrest Capital Management 9.39% of their portfolio NEWTOWN, PA 2,212,2312.2m $59.5m $59.5m 9.39% Reduced -32.8k -32,753
72 Legacy Wealth Management, LLC 3.42% of their portfolio MEMPHIS, TN 2,206,1762.2m $59.4m $59.4m 3.42% Reduced -76.1k -76,081
73 Financial Management Professionals, Inc. 6.11% of their portfolio AUSTIN, TX 2,200,0402.2m $59.2m $59.2m 6.11% Reduced -89.3k -89,255
74 RKL Wealth Management LLC 4.74% of their portfolio LANCASTER, PA 2,147,8142.1m $57.8m $57.8m 4.74% Reduced -20.7k -20,705
75 McGlone Suttner Wealth Management, Inc. 7.67% of their portfolio APPLETON, WI 2,119,9242.1m $57.0m $57.0m 7.67% Added +31.2k +31,231
76 Adams Wealth Management 12.14% of their portfolio LOGAN, UT 2,115,2642.1m $56.9m $56.9m 12.14% Reduced -49.0k -48,958
77 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 2,072,2792.1m $55.8m $55.8m 0.01% Added +1.0m +1,016,474
78 RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio ST. PETERSBURG, FL 2,049,3102.0m $55.1m $55.1m 0.02% Added +100.4k +100,417
79 Modern Wealth Management, LLC 0.98% of their portfolio KANSAS CITY, MO 2,000,3582.0m $53.8m $53.8m 0.98% Added +185.2k +185,172
80 Red Door Wealth Management, LLC 5.56% of their portfolio Memphis, TN 1,985,5322.0m $53.4m $53.4m 5.56% Added +69.3k +69,317
81 Northeast Financial Group, Inc. 13.39% of their portfolio Allentown, PA 1,983,5612.0m $53.4m $53.4m 13.39% Added +57.3k +57,317
82 Pure Financial Advisors, LLC 0.79% of their portfolio SAN DIEGO, CA 1,975,5662.0m $53.2m $53.2m 0.79% Added +15.4k +15,360
83 VALLEY NATIONAL ADVISERS INC 7.35% of their portfolio BETHLEHEM, PA 1,971,0522.0m $53.0m $53.0m 7.35% Added +85.2k +85,174
84 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.31% of their portfolio IRVING, TX 1,903,9881.9m $51.2m $51.2m 0.31% Reduced -33.7k -33,734
85 Bleakley Financial Group, LLC 0.88% of their portfolio PARSIPPANY, NJ 1,891,0791.9m $50.9m $50.9m 0.88% Added +94.8k +94,847
86 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 1,850,0901.9m $49.8m $49.8m 0.01% Reduced -2.3m -2,269,538
87 APPLETON PARTNERS INC/MA 3.27% of their portfolio BOSTON, MA 1,846,3761.8m $49.7m $49.7m 3.27% Reduced -17.0k -17,013
88 IMA Advisory Services, Inc. 4.62% of their portfolio DENVER, CO 1,788,1121.8m $48.1m $48.1m 4.62% Reduced -17.7k -17,671
89 HARBOUR INVESTMENTS, INC. 0.97% of their portfolio MADISON, WI 1,775,6721.8m $47.8m $47.8m 0.97% Reduced -323.5k -323,507
90 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 1,763,6591.8m $47.5m $47.5m 0.01% Reduced -251.1k -251,128
91 Visionary Wealth Advisors 2.13% of their portfolio O'FALLON, IL 1,751,8721.8m $47.1m $47.1m 2.13% Added +54.9k +54,896
92 Richardson Capital Management LLC 23.60% of their portfolio MENOMONEE FALLS, WI 1,747,8761.7m $47.0m $47.0m 23.60% Reduced -137.4k -137,374
93 Courage Miller Partners, LLC 14.14% of their portfolio NORFOLK, VA 1,745,0211.7m $47.0m $47.0m 14.14% Reduced -60.2k -60,176
94 Chicago Partners Investment Group LLC 1.16% of their portfolio CHICAGO, IL 1,735,2461.7m $47.2m $47.2m 1.16% Added +104.5k +104,479
95 World Investment Advisors 0.75% of their portfolio LINCROFT, NJ 1,695,4981.7m $45.6m $45.6m 0.75% Added +48.8k +48,764
96 KAVAR CAPITAL PARTNERS GROUP, LLC 6.18% of their portfolio LEAWOOD, KS 1,666,7971.7m $44.9m $44.9m 6.18% Added +35.2k +35,223
97 Quantinno Capital Management LP 0.09% of their portfolio NEW YORK, NY 1,607,5041.6m $43.3m $43.3m 0.09% Added +208.3k +208,345
98 SigFig Wealth Management, LLC 1.24% of their portfolio SAN FRANCISCO, CA 1,546,9401.5m $41.7m $41.7m 1.24% Added +227.0k +226,952
99 Newman Dignan & Sheerar, Inc. 8.63% of their portfolio PROVIDENCE, RI 1,538,4251.5m $41.4m $41.4m 8.63% Reduced -5.6k -5,582
100 Wilmington Savings Fund Society, FSB 0.97% of their portfolio WILMINGTON, DE 1,537,9061.5m $41.4m $41.4m 0.97% Added +27.6k +27,569