Vault-13

SCHWAB STRATEGIC TR SCHX

US LRG CAP ETF · ETP · CUSIP 808524201

1,542 institutional holders -12 vs Q4 2025
1,087,610,2381.1bn shares reported held*
$28.0bnreported value*
74 new 654 added 539 reduced 80 sold out net sold ≈ $723.5m (-28.3m 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 ($119.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $25.77. Options: 4 managers hold calls ($1.6m notional), 2 hold puts ($625.6k).

Trends to Q1 2026

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: 1,554Q1 26: 1,5421,542Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q1 20261,542

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ2 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 25Q4 25: 638 bought or addedQ4 25: 609 cut or sold outQ1 26: 728 bought or addedQ1 26: 619 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 2024469531
Q3 2024558521
Q4 2024540596
Q1 2025625591
Q2 2025670568
Q3 2025593621
Q4 2025638609
Q1 2026728619

Calls vs puts

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

CallsPuts
$0$500k$1m$1.5m$2mQ2 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 0.25Q1 26 calls: $1.6mQ1 26 puts: $625.6kQ1 26P/C 0.39
Numbers
QuarterCallsPutsP/C
Q2 2025$1.7m$00.00
Q3 2025$1.7m$310.8k0.18
Q4 2025$1.3m$328.3k0.25
Q1 2026$1.6m$625.6k0.39

Biggest buyers

Betterment LLC Added +10,450,588+10.5m
UBS Group AG Added +8,311,474+8.3m
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +3,824,596+3.8m
MORGAN STANLEY Added +2,599,616+2.6m
Scarborough Advisors, LLC New +2,359,231+2.4m
ENVESTNET ASSET MANAGEMENT INC Added +2,311,536+2.3m
CHOREO, LLC Added +2,042,836+2.0m
BlackRock, Inc. Added +2,029,622+2.0m
SEI INVESTMENTS CO Added +1,554,760+1.6m
MONETA GROUP INVESTMENT ADVISORS LLC Added +1,537,853+1.5m

Biggest sellers

US BANCORP \DE\ Reduced -56,024,741-56.0m
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Reduced -8,076,252-8.1m
Corient Private Wealth LP Reduced -4,366,960-4.4m
Creative Planning Reduced -1,542,288-1.5m
BlueSky Wealth Advisors, LLC Reduced -1,330,182-1.3m
GREENWOOD GEARHART LLC Reduced -1,225,524-1.2m
Prime Capital Investment Advisors, LLC Reduced -1,105,166-1.1m
GOLDMAN SACHS GROUP INC Reduced -947,004-947.0k
SAWGRASS ASSET MANAGEMENT LLC Reduced -849,285-849.3k
Tradewinds Capital Management, LLC Reduced -775,335-775.3k

Biggest calls

CITADEL ADVISORS LLC Added $653.8k25.5k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $535.9k20.9k shares
JANE STREET GROUP, LLC New $361.5k14.1k shares
GROUP ONE TRADING LLC New $33.3k1.3k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP New $400.0k15.6k shares
CITADEL ADVISORS LLC Reduced $225.6k8.8k 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, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 US BANCORP \DE\ 4.51% of their portfolio MINNEAPOLIS, MN 145,061,220145.1m $3.7bn $3.7bn 4.51% Reduced -56.0m -56,024,741
2 Creative Planning 1.43% of their portfolio OVERLAND PARK, KS 82,270,03782.3m $2.1bn $2.1bn 1.43% Reduced -1.5m -1,542,288
3 MONETA GROUP INVESTMENT ADVISORS LLC 7.21% of their portfolio ST LOUIS, MO 37,368,87737.4m $958.1m $958.1m 7.21% Added +1.5m +1,537,853
4 HBK Sorce Advisory LLC 20.64% of their portfolio ERIE, PA 34,883,43934.9m $1.0bn $1.0bn 20.64% Added +404.3k +404,274
5 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.55% of their portfolio MILWAUKEE, WI 34,809,56834.8m $892.5m $892.5m 0.55% Added +3.8m +3,824,596
6 SEI INVESTMENTS CO 0.77% of their portfolio OAKS, PA 32,528,57132.5m $834.0m $834.0m 0.77% Added +1.6m +1,554,760
7 Betterment LLC 1.39% of their portfolio NEW YORK, NY 28,599,51628.6m $733.3m $733.3m 1.39% Added +10.5m +10,450,588
8 SAGE FINANCIAL GROUP INC 38.55% of their portfolio W. CONSHOHOCKEN, PA 23,108,50123.1m $592.5m $592.5m 38.55% Reduced -728.0k -727,975
9 CAPTRUST FINANCIAL ADVISORS 0.91% of their portfolio RALEIGH, NC 20,183,41220.2m $517.5m $517.5m 0.91% Added +660.9k +660,923
10 Cerity Partners LLC 0.70% of their portfolio NEW YORK, NY 19,184,89219.2m $491.9m $491.9m 0.70% Added +194.2k +194,233
11 Diversified Enterprises, LLC 25.56% of their portfolio Wilmington, DE 18,185,64418.2m $466.3m $466.3m 25.56% Added +1.2m +1,223,479
12 HighTower Advisors, LLC 0.38% of their portfolio CHICAGO, IL 14,005,99914.0m $359.1m $359.1m 0.38% Reduced -135.4k -135,395
13 JANUS HENDERSON GROUP PLC 0.15% of their portfolio LONDON, X0 12,327,33912.3m $316.1m $316.1m 0.15% Reduced -83.4k -83,381
14 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.63% of their portfolio PLYMOUTH, MN 11,009,92211.0m $284.7m $284.7m 0.63% Reduced -8.1m -8,076,252
15 Koss-Olinger Consulting, LLC 22.55% of their portfolio GAINESVILLE, FL 10,490,75310.5m $269.0m $269.0m 22.55% Added +492.2k +492,244
16 Mariner, LLC 0.31% of their portfolio Overland Park, KS 10,381,52710.4m $266.2m $266.2m 0.31% Added +146.1k +146,072
17 Norinchukin Bank, The 3.05% of their portfolio TOKYO, M0 10,180,00010.2m $261.0m $261.0m 3.05% Unchanged
18 McAdam, LLC 11.74% of their portfolio Philadelphia, PA 10,166,83210.2m $260.7m $260.7m 11.74% Added +230.5k +230,470
19 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 10,076,45110.1m $258.4m $258.4m 0.02% Added +1.1m +1,054,612
20 MERCER GLOBAL ADVISORS INC /ADV 0.38% of their portfolio DENVER, CO 9,928,5439.9m $254.6m $254.6m 0.38% Reduced -458.5k -458,464
21 UBS Group AG 0.04% of their portfolio ZURICH, V8 9,547,8739.5m $244.8m $244.8m 0.04% Added +8.3m +8,311,474
22 Fund Evaluation Group, LLC 7.31% of their portfolio CINCINNATI, OH 9,274,5449.3m $237.8m $237.8m 7.31% Reduced -218.0k -218,021
23 Prime Capital Investment Advisors, LLC 2.64% of their portfolio OVERLAND PARK, KS 8,900,6658.9m $228.2m $228.2m 2.64% Reduced -1.1m -1,105,166
24 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 8,606,2148.6m $220.7m $220.7m 0.01% Added +2.6m +2,599,616
25 JMG Financial Group, Ltd. 5.88% of their portfolio DOWNERS GROVE, IL 8,333,4838.3m $213.7m $213.7m 5.88% Reduced -112.4k -112,423
26 Beacon Pointe Advisors, LLC 1.06% of their portfolio NEWPORT BEACH, CA 7,768,7117.8m $199.2m $199.2m 1.06% Added +1.3m +1,306,884
27 Kohmann Bosshard Financial Services, LLC 18.92% of their portfolio FAIRLAWN, OH 7,583,2297.6m $194.4m $194.4m 18.92% Added +454.9k +454,867
28 LPL Financial LLC 0.05% of their portfolio FORT MILL, SC 7,538,4167.5m $193.3m $193.3m 0.05% Reduced -158.5k -158,474
29 VANTAGEPOINT INVESTMENT ADVISERS LLC 1.62% of their portfolio WASHINGTON, DC 7,457,9777.5m $191.2m $191.2m 1.62% Reduced -134.6k -134,564
30 Corient Private Wealth LP 0.24% of their portfolio MIAMI, FL 6,725,3896.7m $165.0m $165.0m 0.24% Reduced -4.4m -4,366,960
31 ASSETMARK, INC 0.34% of their portfolio CONCORD, CA 6,516,3896.5m $167.1m $167.1m 0.34% Added +2.6k +2,595
32 Apriem Advisors 13.78% of their portfolio IRVINE, CA 5,632,2585.6m $144.4m $144.4m 13.78% Reduced -534.3k -534,325
33 Northwest Quadrant Wealth Management, LLC 28.22% of their portfolio BEND, OR 5,294,5845.3m $135.8m $135.8m 28.22% Reduced -6.5k -6,550
34 FINANCIAL CONSULATE, INC 16.59% of their portfolio HUNT VALLEY, MD 5,192,1735.2m $133.1m $133.1m 16.59% Reduced -9.8k -9,771
35 JOHNSON INVESTMENT COUNSEL INC 1.06% of their portfolio Cincinnati, OH 5,134,2225.1m $131.6m $131.6m 1.06% Added +58.5k +58,533
36 Farther Finance Advisors, LLC 1.20% of their portfolio SAN FRANCISCO, CA 4,924,3874.9m $127.2m $127.2m 1.20% Added +952.3k +952,260
37 BlueSky Wealth Advisors, LLC 16.13% of their portfolio New Bern, NC 4,885,9764.9m $125.3m $125.3m 16.13% Reduced -1.3m -1,330,182
38 Orgel Wealth Management, LLC 2.59% of their portfolio ALTOONA, WI 4,691,1024.7m $120.3m $120.3m 2.59% Added +11.7k +11,704
39 EVERMAY WEALTH MANAGEMENT LLC 12.42% of their portfolio ARLINGTON, VA 4,368,9684.4m $112.0m $112.0m 12.42% Reduced -66.8k -66,827
40 ENVESTNET ASSET MANAGEMENT INC 0.03% of their portfolio Berwyn, PA 4,161,6264.2m $106.7m $106.7m 0.03% Added +2.3m +2,311,536
41 Charles Schwab Trust Co 6.92% of their portfolio HENDERSON, NV 4,160,3484.2m $106.7m $106.7m 6.92% Reduced -54.6k -54,606
42 Steele Capital Management, Inc. 4.34% of their portfolio DUBUQUE, IA 4,082,8294.1m $104.8m $104.8m 4.34% Added +97.8k +97,756
43 AQR CAPITAL MANAGEMENT LLC 0.05% of their portfolio Greenwich, CT 3,987,6664.0m $102.2m $102.2m 0.05% Added +1.2m +1,214,137
44 FSA Investment Group, LLC 39.21% of their portfolio Pensacola, FL 3,798,9943.8m $97.4m $97.4m 39.21% Added +253.8k +253,826
45 Curi Capital, LLC 1.66% of their portfolio CHICAGO, IL 3,627,1863.6m $93.0m $93.0m 1.66% Added +65.4k +65,360
46 GREENWOOD GEARHART LLC 4.88% of their portfolio FAYETTEVILLE, AR 3,521,3213.5m $90.3m $90.3m 4.88% Reduced -1.2m -1,225,524
47 Meridian Wealth Partners, LLC 12.32% of their portfolio EXTON, PA 3,500,4403.5m $89.8m $89.8m 12.32% Added +94.7k +94,697
48 Integrated Wealth Concepts LLC 0.71% of their portfolio WALTHAM, MA 3,487,7263.5m $89.4m $89.4m 0.71% Added +335.8k +335,793
49 JONES FINANCIAL COMPANIES LLLP 0.04% of their portfolio DES PERES, MO 3,356,2393.4m $84.1m $84.1m 0.04% Added +825.9k +825,948
50 CHOREO, LLC 1.05% of their portfolio ROCKFORD, IL 3,338,8393.3m $85.6m $85.6m 1.05% Added +2.0m +2,042,836
51 OSAIC HOLDINGS, INC. 0.12% of their portfolio SCOTTSDALE, AZ 3,321,9733.3m $85.2m $85.2m 0.12% Added +524.0k +524,003
52 SIMS INVESTMENT MANAGEMENT, LLC 31.15% of their portfolio CINCINNATI, OH 3,306,0923.3m $84.8m $84.8m 31.15% Reduced -114.3k -114,340
53 Focus Partners Wealth 0.09% of their portfolio ST LOUIS, MO 3,199,9883.2m $82.2m $82.2m 0.09% Reduced -4.5k -4,458
54 BlackRock, Inc. 0.00% of their portfolio New York, NY 3,196,3243.2m $82.0m $82.0m 0.00% Added +2.0m +2,029,622
55 EP Wealth Advisors, LLC 0.40% of their portfolio TORRANCE, CA 3,184,8373.2m $81.7m $81.7m 0.40% Reduced -31.9k -31,889
56 HB Wealth Management, LLC 0.51% of their portfolio Atlanta, GA 3,067,3343.1m $78.6m $78.6m 0.51% Added +35.9k +35,898
57 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 3,004,3683.0m $77.0m $77.0m 0.02% Reduced -480.2k -480,209
58 CORNERSTONE ADVISORS ASSET MANAGEMENT, LLC 11.85% of their portfolio BETHLEHEM, PA 2,994,4363.0m $76.8m $76.8m 11.85% Added +78.6k +78,553
59 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 2,873,7282.9m $71.6m $71.6m 0.00% Added +326.2k +326,165
60 Aptus Capital Advisors, LLC 0.61% of their portfolio FAIRHOPE, AL 2,831,9442.8m $72.6m $72.6m 0.61% Added +155.7k +155,720
61 Cambridge Investment Research Advisors, Inc. 0.19% of their portfolio FAIRFIELD, IA 2,826,3642.8m $72.5m $72.5m 0.19% Added +97.3k +97,316
62 Wealthspire Advisors, LLC 0.57% of their portfolio NEW YORK, NY 2,822,9302.8m $72.4m $72.4m 0.57% Added +6.5k +6,521
63 Cresset Asset Management, LLC 0.31% of their portfolio Chicago, IL 2,805,7282.8m $71.9m $71.9m 0.31% Reduced -23.2k -23,170
64 GUARDIAN WEALTH ADVISORS, LLC / NC 4.52% of their portfolio RALEIGH, NC 2,772,3782.8m $71.1m $71.1m 4.52% Added +150.2k +150,206
65 Financial Solutions Advisory Group, Inc. 9.78% of their portfolio CHICAGO, IL 2,760,4412.8m $70.8m $70.8m 9.78% First filing
66 Baker Avenue Asset Management, LP 1.59% of their portfolio SAN FRANCISCO, CA 2,724,4342.7m $69.9m $69.9m 1.59% Added +29.3k +29,251
67 Jaffetilchin Investment Partners, LLC 3.93% of their portfolio TAMPA, FL 2,576,4702.6m $66.1m $66.1m 3.93% Added +6.4k +6,388
68 Standpoint Asset Management, LLC 15.95% of their portfolio SCOTTSDALE, AZ 2,564,3002.6m $65.7m $65.7m 15.95% Reduced -93.2k -93,200
69 Savant Capital, LLC 0.31% of their portfolio ROCKFORD, IL 2,500,8362.5m $64.1m $64.1m 0.31% Added +36.2k +36,176
70 Bangor Savings Bank 4.97% of their portfolio BANGOR, ME 2,426,2542.4m $62.2m $62.2m 4.97% Reduced -46.7k -46,689
71 Berger Financial Group, Inc 3.40% of their portfolio PLYMOUTH, MN 2,366,5642.4m $60.7m $60.7m 3.40% Added +28.8k +28,815
72 Scarborough Advisors, LLC 6.62% of their portfolio ANNAPOLIS, MD 2,359,2312.4m $60.5m $60.5m 6.62% New
73 NewSquare Capital LLC 5.25% of their portfolio NEWTOWN SQUARE, PA 2,351,8372.4m $60.3m $60.3m 5.25% Added +75.2k +75,152
74 Legacy Wealth Management, LLC 3.41% of their portfolio MEMPHIS, TN 2,283,4492.3m $58.5m $58.5m 3.41% Added +77.3k +77,273
75 CacheTech Inc. 11.15% of their portfolio LOGAN, UT 2,256,9162.3m $57.9m $57.9m 11.15% Reduced -43.1k -43,084
76 Financial Management Professionals, Inc. 6.43% of their portfolio AUSTIN, TX 2,234,6872.2m $57.3m $57.3m 6.43% Added +34.6k +34,647
77 Alliance Wealth Management Group 12.22% of their portfolio FLEMINGTON, NJ 2,176,3582.2m $55.8m $55.8m 12.22% Reduced -35.9k -35,873
78 Towercrest Capital Management 8.70% of their portfolio NEWTOWN, PA 2,176,3582.2m $55.8m $55.8m 8.70% Reduced -35.9k -35,873
79 Northeast Financial Group, Inc. 14.61% of their portfolio Allentown, PA 2,141,3132.1m $54.9m $54.9m 14.61% Added +157.8k +157,752
80 Adams Wealth Management 11.87% of their portfolio LOGAN, UT 2,108,4042.1m $54.1m $54.1m 11.87% Reduced -6.9k -6,860
81 McGlone Suttner Wealth Management, Inc. 7.12% of their portfolio APPLETON, WI 2,097,5952.1m $53.8m $53.8m 7.12% Reduced -22.3k -22,329
82 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 2,097,3602.1m $53.8m $53.8m 0.01% Reduced -146.1k -146,084
83 Modern Wealth Management, LLC 0.93% of their portfolio KANSAS CITY, MO 2,088,8922.1m $54.0m $54.0m 0.93% Added +88.5k +88,534
84 VALLEY NATIONAL ADVISERS INC 6.79% of their portfolio BETHLEHEM, PA 2,045,4722.0m $52.4m $52.4m 6.79% Added +74.4k +74,420
85 Pure Financial Advisors, LLC 0.73% of their portfolio SAN DIEGO, CA 1,989,1522.0m $51.0m $51.0m 0.73% Added +13.6k +13,586
86 Red Door Wealth Management, LLC 5.15% of their portfolio Memphis, TN 1,931,7551.9m $49.5m $49.5m 5.15% Reduced -53.8k -53,777
87 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 1,922,8511.9m $49.3m $49.3m 0.01% Added +159.2k +159,192
88 Bleakley Financial Group, LLC 0.77% of their portfolio PARSIPPANY, NJ 1,911,1791.9m $49.0m $49.0m 0.77% Added +20.1k +20,100
89 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio NEW YORK, NY 1,900,8061.9m $48.7m $48.7m 0.01% Added +1.3m +1,338,594
90 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.29% of their portfolio IRVING, TX 1,861,9381.9m $47.8m $47.8m 0.29% Reduced -42.0k -42,050
91 RKL Wealth Management LLC 4.30% of their portfolio LANCASTER, PA 1,861,8711.9m $47.7m $47.7m 4.30% Reduced -285.9k -285,943
92 IMA Advisory Services, Inc. 4.64% of their portfolio DENVER, CO 1,851,8521.9m $47.5m $47.5m 4.64% Added +63.7k +63,740
93 APPLETON PARTNERS INC/MA 3.30% of their portfolio BOSTON, MA 1,846,8701.8m $47.4m $47.4m 3.30% Added +494 +494
94 Chicago Partners Investment Group LLC 1.15% of their portfolio CHICAGO, IL 1,835,0071.8m $51.5m $51.5m 1.15% Added +99.8k +99,761
95 SigFig Wealth Management, LLC 1.38% of their portfolio SAN FRANCISCO, CA 1,833,6521.8m $47.0m $47.0m 1.38% Added +286.7k +286,712
96 Visionary Wealth Advisors 2.07% of their portfolio O'FALLON, IL 1,822,7551.8m $46.7m $46.7m 2.07% Added +70.9k +70,883
97 Richardson Capital Management LLC 22.23% of their portfolio MENOMONEE FALLS, WI 1,795,9881.8m $46.0m $46.0m 22.23% Added +48.1k +48,112
98 HARBOUR INVESTMENTS, INC. 0.70% of their portfolio MADISON, WI 1,781,5641.8m $45.7m $45.7m 0.70% Added +5.9k +5,892
99 Courage Miller Partners, LLC 12.56% of their portfolio NORFOLK, VA 1,735,1661.7m $44.5m $44.5m 12.56% Reduced -9.9k -9,855
100 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 1,726,6291.7m $44.3m $44.3m 0.01% Reduced -322.7k -322,681