Vault-13

SCHWAB STRATEGIC TR SCHG

US LCAP GR ETF · ETP · CUSIP 808524300

1,381 institutional holders -5 vs Q4 2024
732,813,744732.8m shares reported held*
$18.4bnreported value*
89 new 629 added 460 reduced 92 sold out net bought ≈ $732.2m (-1.5bn 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 ($5.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $25.05. Options: 5 managers hold calls ($8.5m notional), 3 hold puts ($4.8m).

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 792Q4 22: 861Q1 23: 894Q2 23: 944Q3 23: 975Q4 23: 1,097Q1 24: 1,135Q2 24: 1,191Q3 24: 1,232Q4 24: 1,386Q1 25: 1,3811,381Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 2022792
Q4 2022861
Q1 2023894
Q2 2023944
Q3 2023975
Q4 20231,097
Q1 20241,135
Q2 20241,191
Q3 20241,232
Q4 20241,386
Q1 20251,381

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ2 23: 455 bought or addedQ2 23: 349 cut or sold outQ3 23: 437 bought or addedQ3 23: 416 cut or sold outQ3 23Q4 23: 511 bought or addedQ4 23: 403 cut or sold outQ1 24: 548 bought or addedQ1 24: 470 cut or sold outQ1 24Q2 24: 549 bought or addedQ2 24: 450 cut or sold outQ3 24: 595 bought or addedQ3 24: 491 cut or sold outQ3 24Q4 24: 636 bought or addedQ4 24: 525 cut or sold outQ1 25: 718 bought or addedQ1 25: 552 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 2023455349
Q3 2023437416
Q4 2023511403
Q1 2024548470
Q2 2024549450
Q3 2024595491
Q4 2024636525
Q1 2025718552

Calls vs puts

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

CallsPuts
$0$5m$10m$15mQ2 24 calls: $8.4mQ2 24 puts: $2.5mQ2 24P/C 0.29Q3 24 calls: $14.2mQ3 24 puts: $9.4mQ3 24P/C 0.66Q4 24 calls: $8.2mQ4 24 puts: $4.2mQ4 24P/C 0.52Q1 25 calls: $8.5mQ1 25 puts: $4.8mQ1 25P/C 0.57
Numbers
QuarterCallsPutsP/C
Q2 2024$8.4m$2.5m0.29
Q3 2024$14.2m$9.4m0.66
Q4 2024$8.2m$4.2m0.52
Q1 2025$8.5m$4.8m0.57

Biggest buyers

ENVESTNET ASSET MANAGEMENT INC Added +5,775,232+5.8m
OSAIC HOLDINGS, INC. Added +3,337,420+3.3m
HighTower Advisors, LLC Added +3,155,669+3.2m
SEI INVESTMENTS CO Added +3,062,099+3.1m
LPL Financial LLC Added +2,554,009+2.6m
Cetera Investment Advisers Added +2,035,107+2.0m
Clark Capital Management Group, Inc. Added +1,672,508+1.7m
Geneos Wealth Management Inc. Added +1,499,910+1.5m
Waverly Advisors, LLC Added +1,484,426+1.5m
MATHER GROUP, LLC. Added +1,254,652+1.3m

Biggest sellers

Koshinski Asset Management, Inc. Reduced -1,561,761,829-1.6bn
Thrivent Financial for Lutherans Reduced -1,971,920-2.0m
Financial Engines Advisors L.L.C. Reduced -1,601,626-1.6m
One Capital Management, LLC Reduced -1,416,141-1.4m
MORGAN STANLEY Reduced -1,378,084-1.4m
Redhawk Wealth Advisors, Inc. Reduced -1,076,005-1.1m
Envestnet Portfolio Solutions, Inc. Reduced -972,198-972.2k
McAdam, LLC Reduced -935,329-935.3k
Arax Advisory Partners Reduced -904,803-904.8k
Independent Advisor Alliance Reduced -847,801-847.8k

Biggest calls

CITADEL ADVISORS LLC Added $4.5m181.3k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $2.8m112.9k shares
Belvedere Trading LLC Reduced $721.2k28.8k shares
GROUP ONE TRADING LLC New $403.1k16.1k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $2.8m111.4k shares
CITADEL ADVISORS LLC Added $1.9m74.4k shares
Weaver Capital Management LLC Unchanged $160.3k6.4k 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 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ENVESTNET ASSET MANAGEMENT INC 0.39% of their portfolio Berwyn, PA 48,260,55548.3m $1.2bn $1.2bn 0.39% Added +5.8m +5,775,232
2 SEI INVESTMENTS CO 1.33% of their portfolio OAKS, PA 41,221,20941.2m $1.0bn $1.0bn 1.33% Added +3.1m +3,062,099
3 MATHER GROUP, LLC. 11.71% of their portfolio CHICAGO, IL 40,450,59840.5m $1.0bn $1.0bn 11.71% Added +1.3m +1,254,652
4 Financial Engines Advisors L.L.C. 2.05% of their portfolio SANTA CLARA, CA 38,186,94138.2m $956.2m $956.2m 2.05% Reduced -1.6m -1,601,626
5 LPL Financial LLC 0.24% of their portfolio FORT MILL, SC 24,607,17024.6m $616.2m $616.2m 0.24% Added +2.6m +2,554,009
6 OSAIC HOLDINGS, INC. 0.99% of their portfolio SCOTTSDALE, AZ 17,660,02717.7m $442.2m $442.2m 0.99% Added +3.3m +3,337,420
7 Mariner, LLC 0.72% of their portfolio Overland Park, KS 17,277,03717.3m $432.6m $432.6m 0.72% Added +100.2k +100,234
8 AMERIPRISE FINANCIAL INC 0.10% of their portfolio MINNEAPOLIS, MN 15,477,88015.5m $387.6m $387.6m 0.10% Added +1.1m +1,106,110
9 Avantax Planning Partners, Inc. 13.20% of their portfolio DUBUQUE, IA 14,887,26714.9m $372.8m $372.8m 13.20% Reduced -484.1k -484,114
10 RAYMOND JAMES FINANCIAL INC 0.14% of their portfolio ST. PETERSBURG, FL 14,822,16214.8m $371.1m $371.1m 0.14% Added +332.5k +332,496
11 Fund Evaluation Group, LLC 11.01% of their portfolio CINCINNATI, OH 10,171,35210.2m $254.7m $254.7m 11.01% Reduced -719.1k -719,088
12 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 9,553,7699.6m $239.2m $239.2m 0.02% Reduced -1.4m -1,378,084
13 Cetera Investment Advisers 0.45% of their portfolio SCHAUMBURG, IL 9,339,1769.3m $233.9m $233.9m 0.45% Added +2.0m +2,035,107
14 OneDigital Investment Advisors LLC 2.46% of their portfolio OVERLAND PARK, KS 8,301,6848.3m $207.9m $207.9m 2.46% Added +81.8k +81,847
15 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.17% of their portfolio MILWAUKEE, WI 8,250,8128.3m $206.6m $206.6m 0.17% Added +507.9k +507,864
16 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 7,669,8777.7m $192.1m $192.1m 0.02% Added +559.7k +559,713
17 HighTower Advisors, LLC 0.26% of their portfolio CHICAGO, IL 7,614,2847.6m $190.7m $190.7m 0.26% Added +3.2m +3,155,669
18 CWM, LLC 0.72% of their portfolio OMAHA, NE 7,213,0327.2m $180.6m $180.6m 0.72% Added +233.7k +233,666
19 MML INVESTORS SERVICES, LLC 0.59% of their portfolio SPRINGFIELD, MA 7,065,4607.1m $176.9m $176.9m 0.59% Added +776.0k +776,015
20 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 6,958,2807.0m $174.2m $174.2m 0.01% Added +960.5k +960,502
21 McAdam, LLC 10.36% of their portfolio Philadelphia, PA 6,685,5736.7m $167.4m $167.4m 10.36% Reduced -935.3k -935,329
22 NorthCoast Asset Management LLC 0.69% of their portfolio STAMFORD, CT 5,487,9595.5m $137.4m $137.4m 0.69% Reduced -376.2k -376,220
23 MONETA GROUP INVESTMENT ADVISORS LLC 1.83% of their portfolio ST LOUIS, MO 5,301,2765.3m $132.7m $132.7m 1.83% Added +499.9k +499,934
24 AVANTAX ADVISORY SERVICES, INC. 0.77% of their portfolio DALLAS, TX 5,048,0985.0m $126.4m $126.4m 0.77% Added +916.0k +916,001
25 Thrive Wealth Management, LLC 22.91% of their portfolio AUDUBON, PA 4,788,2124.8m $119.9m $119.9m 22.91% Reduced -340.7k -340,719
26 Clark Capital Management Group, Inc. 0.83% of their portfolio PHILADELPHIA, PA 4,651,4174.7m $116.5m $116.5m 0.83% Added +1.7m +1,672,508
27 Focus Financial Network, Inc. 4.69% of their portfolio MINNEAPOLIS, MN 4,580,5374.6m $114.7m $114.7m 4.69% Reduced -28.8k -28,830
28 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio SAN FRANCISCO, CA 4,353,2384.4m $109.0m $109.0m 0.02% Reduced -133.8k -133,782
29 COMMONWEALTH EQUITY SERVICES, LLC 0.14% of their portfolio WALTHAM, MA 4,083,1994.1m $102.2m $102.2m 0.14% Added +164.5k +164,525
30 Marquette Asset Management, LLC 17.64% of their portfolio MINNEAPOLIS, MN 3,997,6844.0m $100.1m $100.1m 17.64% Reduced -30.7k -30,744
31 Beacon Pointe Advisors, LLC 1.03% of their portfolio NEWPORT BEACH, CA 3,642,9303.6m $91.2m $91.2m 1.03% Added +160.2k +160,245
32 Cambridge Investment Research Advisors, Inc. 0.31% of their portfolio FAIRFIELD, IA 3,632,5383.6m $91.0m $91.0m 0.31% Added +661.2k +661,205
33 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 3,598,4293.6m $90.1m $90.1m 0.02% Added +429.9k +429,871
34 TWO SIGMA INVESTMENTS, LP 0.19% of their portfolio NEW YORK, NY 3,557,3233.6m $89.1m $89.1m 0.19% Added +353.0k +353,000
35 HHM Wealth Advisors, LLC 11.95% of their portfolio CHATTANOOGA, TN 3,543,7263.5m $88.7m $88.7m 11.95% Added +111.0k +111,018
36 TRUIST FINANCIAL CORP 0.13% of their portfolio CHARLOTTE, NC 3,215,4183.2m $80.5m $80.5m 0.13% Added +208.6k +208,626
37 ASSETMARK, INC 0.22% of their portfolio CONCORD, CA 3,168,4183.2m $79.3m $79.3m 0.22% Added +46.6k +46,637
38 Financial Advisors, LLC 15.33% of their portfolio ANDOVER, MA 3,102,7283.1m $77.7m $77.7m 15.33% Reduced -85.1k -85,137
39 RAINEY & RANDALL WEALTH ADVISORS INC. 15.14% of their portfolio Celebration, FL 3,090,2273.1m $77.4m $77.4m 15.14% Added +20.8k +20,791
40 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.15% of their portfolio PLYMOUTH, MN 3,065,5213.1m $76.8m $76.8m 0.15% Reduced -181.4k -181,428
41 Cerity Partners LLC 0.16% of their portfolio NEW YORK, NY 3,044,4723.0m $76.2m $76.2m 0.16% Added +124.9k +124,884
42 Krilogy Financial LLC 4.72% of their portfolio ST. LOUIS, MO 2,911,8792.9m $72.9m $72.9m 4.72% Added +90.5k +90,487
43 Legacy Financial Strategies, LLC 15.67% of their portfolio OVERLAND PARK, KS 2,869,4872.9m $71.9m $71.9m 15.67% Added +120.0k +120,044
44 Prime Capital Investment Advisors, LLC 0.81% of their portfolio OVERLAND PARK, KS 2,780,7422.8m $69.6m $69.6m 0.81% Added +875.0k +874,979
45 Golden Reserve Retirement LLC 27.68% of their portfolio DUBLIN, OH 2,779,7422.8m $69.6m $69.6m 27.68% First filing
46 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 2,775,3832.8m $69.5m $69.5m 0.02% Added +10.0k +9,989
47 Lido Advisors, LLC 0.40% of their portfolio Los Angeles, CA 2,698,7952.7m $67.6m $67.6m 0.40% Added +226.6k +226,566
48 ANGELES WEALTH MANAGEMENT, LLC 5.55% of their portfolio SANTA MONICA, CA 2,665,9952.7m $66.8m $66.8m 5.55% Added +666.0k +666,011
49 Kestra Advisory Services, LLC 0.29% of their portfolio AUSTIN, TX 2,369,3712.4m $59.3m $59.3m 0.29% Added +46.5k +46,478
50 STIFEL FINANCIAL CORP 0.06% of their portfolio ST. LOUIS, MO 2,307,1782.3m $57.8m $57.8m 0.06% Added +636.1k +636,065
51 Brio Consultants, LLC 8.94% of their portfolio SAN FRANCISCO, CA 2,273,3212.3m $56.9m $56.9m 8.94% Reduced -308.5k -308,512
52 MAI Capital Management 0.43% of their portfolio INDEPENDENCE, OH 2,251,0482.3m $56.4m $56.4m 0.43% Added +13.6k +13,612
53 Berger Financial Group, Inc 3.84% of their portfolio PLYMOUTH, MN 2,207,2312.2m $55.3m $55.3m 3.84% Added +68.1k +68,060
54 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.47% of their portfolio IRVING, TX 2,196,4392.2m $55.0m $55.0m 0.47% Reduced -35.9k -35,884
55 Waverly Advisors, LLC 0.67% of their portfolio BIRMINGHAM, AL 2,185,0392.2m $54.7m $54.7m 0.67% Added +1.5m +1,484,426
56 PARK AVENUE SECURITIES LLC 0.67% of their portfolio NEW YORK, NY 2,182,9552.2m $54.7m $54.7m 0.67% Added +494.0k +493,975
57 HRC WEALTH MANAGEMENT, LLC 33.39% of their portfolio Moscow, ID 2,148,7502.1m $53.8m $53.8m 33.39% Reduced -9.6k -9,619
58 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 0.99% of their portfolio MINNEAPOLIS, MN 2,127,6112.1m $53.3m $53.3m 0.99% Reduced -89.4k -89,389
59 Koshinski Asset Management, Inc. 4.37% of their portfolio DECATUR, IL 2,057,9772.1m $51.5m $51.5m 4.37% Reduced -1.6bn -1,561,761,829
60 FINANCIAL COUNSELORS INC 0.76% of their portfolio Overland Park, KS 2,001,4042.0m $50.1m $50.1m 0.76% Added +15.0k +14,992
61 Financial Management Professionals, Inc. 6.08% of their portfolio AUSTIN, TX 1,902,4471.9m $47.6m $47.6m 6.08% Added +67.5k +67,476
62 Visionary Wealth Advisors 2.85% of their portfolio O'FALLON, IL 1,896,2141.9m $47.5m $47.5m 2.85% Reduced -5.0k -4,962
63 Nadler Financial Group, Inc. 5.25% of their portfolio DEERFIELD, IL 1,891,8621.9m $47.4m $47.4m 5.25% Reduced -79.4k -79,449
64 Creative Planning 0.04% of their portfolio OVERLAND PARK, KS 1,881,4831.9m $47.1m $47.1m 0.04% Added +54.4k +54,381
65 Northern Capital Management, Inc. 30.03% of their portfolio SPOKANE, WA 1,839,2981.8m $46.1m $46.1m 30.03% Reduced -74.7k -74,670
66 Gemmer Asset Management LLC 4.57% of their portfolio WALNUT CREEK, CA 1,828,2841.8m $45.8m $45.8m 4.57% Added +16.0k +15,956
67 Kelman-Lazarov, Inc. 8.31% of their portfolio MEMPHIS, TN 1,827,1341.8m $45.8m $45.8m 8.31% Reduced -31.6k -31,561
68 UBS Group AG 0.01% of their portfolio ZURICH, V8 1,808,0531.8m $45.3m $45.3m 0.01% Reduced -22.2k -22,232
69 Envestnet Portfolio Solutions, Inc. 0.17% of their portfolio BERWYN, PA 1,796,1201.8m $45.0m $45.0m 0.17% Reduced -972.2k -972,198
70 FORTE CAPITAL LLC /ADV 5.21% of their portfolio ROCHESTER, NY 1,753,7741.8m $43.9m $43.9m 5.21% Reduced -17.1k -17,056
71 Cornerstone Wealth Advisors, Inc. 12.12% of their portfolio EDINA, MN 1,742,7401.7m $43.6m $43.6m 12.12% Added +34.3k +34,267
72 Main Street Financial Solutions, LLC 3.75% of their portfolio NEWTOWN, PA 1,726,0231.7m $43.2m $43.2m 3.75% Reduced -5.8k -5,812
73 Geneos Wealth Management Inc. 0.61% of their portfolio ENGLEWOOD, CO 1,690,7541.7m $42.3m $42.3m 0.61% Added +1.5m +1,499,910
74 Focus Partners Advisor Solutions, LLC 0.64% of their portfolio SAINT LOUIS, MO 1,689,4451.7m $42.3m $42.3m 0.64% Reduced -76.0k -76,049
75 Charles Schwab Trust Co 3.52% of their portfolio HENDERSON, NV 1,678,3841.7m $42.0m $42.0m 3.52% Added +299.8k +299,835
76 BURKETT FINANCIAL SERVICES, LLC 17.09% of their portfolio ROCK HILL, SC 1,675,7261.7m $42.0m $42.0m 17.09% Reduced -44.7k -44,700
77 CAPTRUST FINANCIAL ADVISORS 0.10% of their portfolio RALEIGH, NC 1,641,4231.6m $41.1m $41.1m 0.10% Reduced -20.5k -20,521
78 Tradition Wealth Management, LLC 3.61% of their portfolio EDINA, MN 1,636,4521.6m $41.0m $41.0m 3.61% Reduced -5.7k -5,722
79 Rollins Financial Advisors, LLC 7.06% of their portfolio ATLANTA, GA 1,619,4951.6m $40.6m $40.6m 7.06% Added +29.7k +29,686
80 B&D White Capital Company, LLC 5.97% of their portfolio Lakeway, TX 1,618,1481.6m $40.5m $40.5m 5.97% Added +406.2k +406,239
81 Strategic Blueprint, LLC 2.18% of their portfolio ATLANTA, GA 1,597,8171.6m $40.0m $40.0m 2.18% Added +123.4k +123,365
82 Schneider Downs Wealth Management Advisors, LP 7.16% of their portfolio Pittsburgh, PA 1,578,0301.6m $39.5m $39.5m 7.16% Added +52.0k +51,997
83 HB Wealth Management, LLC 0.33% of their portfolio Atlanta, GA 1,576,2011.6m $39.5m $39.5m 0.33% Reduced -3.5k -3,510
84 XML Financial, LLC 3.66% of their portfolio BETHESDA, MD 1,563,6301.6m $39.2m $39.2m 3.66% Added +15.0k +15,015
85 SUMMIT WEALTH & RETIREMENT PLANNING, INC. 11.89% of their portfolio EAGLE, ID 1,548,9831.5m $38.8m $38.8m 11.89% Added +16.5k +16,485
86 GHP Investment Advisors, Inc. 1.76% of their portfolio Denver, CO 1,458,8771.5m $36.5m $36.5m 1.76% Reduced -3.5k -3,486
87 Compound Planning, Inc. 1.66% of their portfolio NEW YORK, NY 1,454,8011.5m $36.4m $36.4m 1.66% Added +141.4k +141,364
88 Advance Capital Management, Inc. 1.65% of their portfolio SOUTHFIELD, MI 1,380,6971.4m $34.6m $34.6m 1.65% Reduced -374.3k -374,327
89 Bleakley Financial Group, LLC 1.11% of their portfolio PARSIPPANY, NJ 1,379,0081.4m $34.5m $34.5m 1.11% Added +441.3k +441,255
90 Summit Asset Management, LLC 5.94% of their portfolio MEMPHIS, TN 1,369,9271.4m $34.3m $34.3m 5.94% Reduced -2 -2
91 MERCER GLOBAL ADVISORS INC /ADV 0.08% of their portfolio DENVER, CO 1,342,1861.3m $33.6m $33.6m 0.08% Added +64.2k +64,150
92 Provident Wealth Management, LLC 11.23% of their portfolio BRENTWOOD, TN 1,301,5811.3m $32.6m $32.6m 11.23% Added +15.2k +15,162
93 Ausdal Financial Partners, Inc. 2.43% of their portfolio Davenport, IA 1,285,0611.3m $32.2m $32.2m 2.43% Added +235.5k +235,511
94 Integrated Wealth Concepts LLC 0.37% of their portfolio WALTHAM, MA 1,259,6461.3m $31.5m $31.5m 0.37% Reduced -457.8k -457,762
95 Goepper Burkhardt LLC 12.60% of their portfolio GREENVILLE, SC 1,258,5181.3m $31.5m $31.5m 12.60% Added +25.7k +25,740
96 Veery Capital, LLC 12.10% of their portfolio Wilmington, DE 1,242,3871.2m $31.1m $31.1m 12.10% Reduced -7.7k -7,723
97 Financial Synergies Wealth Advisors, Inc. 3.75% of their portfolio HOUSTON, TX 1,229,3241.2m $30.8m $30.8m 3.75% Reduced -6.2k -6,182
98 FLC Capital Advisors 6.74% of their portfolio PALM DESERT, CA 1,200,1481.2m $30.1m $30.1m 6.74% Added +16.4k +16,421
99 Financial Advisors Network, Inc. 4.91% of their portfolio TUSTIN, CA 1,183,2341.2m $29.6m $29.6m 4.91% Added +19.4k +19,416
100 Curtis Advisory Group, LLC 8.64% of their portfolio SANTA BARBARA, CA 1,175,0331.2m $29.4m $29.4m 8.64% Reduced -69.7k -69,653