Vault-13

SCHWAB STRATEGIC TR SCHG

US LCAP GR ETF · ETP · CUSIP 808524300

1,467 institutional holders +86 vs Q1 2025
806,876,244806.9m shares reported held*
$23.6bnreported value*
136 new 650 added 461 reduced 56 sold out net bought ≈ $1.9bn (+67.0m 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 ($21.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $29.27. Options: 6 managers hold calls ($19.4m notional), 3 hold puts ($4.7m).

Trends to Q2 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: 1,381Q2 25: 1,4671,467Q3 22Q2 23Q1 24Q4 24Q2 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
Q2 20251,467

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ3 23: 437 bought or addedQ3 23: 416 cut or sold outQ4 23: 511 bought or addedQ4 23: 403 cut or sold outQ4 23Q1 24: 548 bought or addedQ1 24: 470 cut or sold outQ2 24: 549 bought or addedQ2 24: 450 cut or sold outQ2 24Q3 24: 595 bought or addedQ3 24: 491 cut or sold outQ4 24: 636 bought or addedQ4 24: 525 cut or sold outQ4 24Q1 25: 718 bought or addedQ1 25: 552 cut or sold outQ2 25: 786 bought or addedQ2 25: 517 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023437416
Q4 2023511403
Q1 2024548470
Q2 2024549450
Q3 2024595491
Q4 2024636525
Q1 2025718552
Q2 2025786517

Calls vs puts

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

CallsPuts
$0$5m$10m$15m$20mQ3 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 0.57Q2 25 calls: $19.4mQ2 25 puts: $4.7mQ2 25P/C 0.24
Numbers
QuarterCallsPutsP/C
Q3 2024$14.2m$9.4m0.66
Q4 2024$8.2m$4.2m0.52
Q1 2025$8.5m$4.8m0.57
Q2 2025$19.4m$4.7m0.24

Biggest buyers

CHARLES SCHWAB INVESTMENT MANAGEMENT INC Added +28,455,790+28.5m
ENVESTNET ASSET MANAGEMENT INC Added +6,979,991+7.0m
SEI INVESTMENTS CO Added +4,524,057+4.5m
LPL Financial LLC Added +3,247,710+3.2m
ROYAL BANK OF CANADA Added +2,976,685+3.0m
MATHER GROUP, LLC. Added +1,836,380+1.8m
MML INVESTORS SERVICES, LLC Added +1,578,072+1.6m
Thrivent Financial for Lutherans Added +1,510,579+1.5m
OSAIC HOLDINGS, INC. Added +1,175,660+1.2m
Merit Financial Group, LLC Added +1,090,799+1.1m

Biggest sellers

Lido Advisors, LLC Reduced -2,179,465-2.2m
FINANCIAL COUNSELORS INC Reduced -1,258,722-1.3m
OneDigital Investment Advisors LLC Reduced -1,036,404-1.0m
B&D White Capital Company, LLC Reduced -1,029,811-1.0m
Prime Capital Investment Advisors, LLC Reduced -993,143-993.1k
Fund Evaluation Group, LLC Reduced -981,329-981.3k
Geneos Wealth Management Inc. Reduced -895,553-895.6k
MORGAN STANLEY Reduced -627,448-627.4k
Cambridge Investment Research Advisors, Inc. Reduced -591,277-591.3k
ANGELES WEALTH MANAGEMENT, LLC Reduced -578,288-578.3k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $10.7m366.5k shares
CITADEL ADVISORS LLC Added $6.5m224.2k shares
GROUP ONE TRADING LLC Added $1.3m43.5k shares
IMC-Chicago, LLC New $546.2k18.7k shares
WOLVERINE TRADING, LLC New $345.3k11.9k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $4.2m142.6k shares
CITADEL ADVISORS LLC Reduced $379.7k13.0k shares
Weaver Capital Management LLC Unchanged $186.9k6.4k 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, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ENVESTNET ASSET MANAGEMENT INC 0.47% of their portfolio Berwyn, PA 55,240,54655.2m $1.6bn $1.6bn 0.47% Added +7.0m +6,979,991
2 SEI INVESTMENTS CO 1.55% of their portfolio OAKS, PA 45,745,26645.7m $1.3bn $1.3bn 1.55% Added +4.5m +4,524,057
3 MATHER GROUP, LLC. 13.19% of their portfolio CHICAGO, IL 42,286,97842.3m $1.2bn $1.2bn 13.19% Added +1.8m +1,836,380
4 Financial Engines Advisors L.L.C. 2.23% of their portfolio SANTA CLARA, CA 38,175,15138.2m $1.1bn $1.1bn 2.23% Reduced -11.8k -11,790
5 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.17% of their portfolio SAN FRANCISCO, CA 32,809,02832.8m $958.4m $958.4m 0.17% Added +28.5m +28,455,790
6 LPL Financial LLC 0.27% of their portfolio FORT MILL, SC 27,854,88027.9m $813.6m $813.6m 0.27% Added +3.2m +3,247,710
7 OSAIC HOLDINGS, INC. 0.98% of their portfolio SCOTTSDALE, AZ 18,835,68718.8m $549.4m $549.4m 0.98% Added +1.2m +1,175,660
8 Mariner, LLC 0.75% of their portfolio Overland Park, KS 17,810,58017.8m $520.2m $520.2m 0.75% Added +533.5k +533,543
9 AMERIPRISE FINANCIAL INC 0.11% of their portfolio MINNEAPOLIS, MN 15,458,40415.5m $451.3m $451.3m 0.11% Reduced -19.5k -19,476
10 RAYMOND JAMES FINANCIAL INC 0.15% of their portfolio ST. PETERSBURG, FL 15,317,02715.3m $447.4m $447.4m 0.15% Added +494.9k +494,865
11 Avantax Planning Partners, Inc. 14.09% of their portfolio DUBUQUE, IA 15,205,97515.2m $444.2m $444.2m 14.09% Added +318.7k +318,708
12 Cetera Investment Advisers 0.46% of their portfolio SCHAUMBURG, IL 9,269,7869.3m $270.8m $270.8m 0.46% Reduced -69.4k -69,390
13 Fund Evaluation Group, LLC 10.38% of their portfolio CINCINNATI, OH 9,190,0239.2m $268.4m $268.4m 10.38% Reduced -981.3k -981,329
14 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.20% of their portfolio MILWAUKEE, WI 9,187,0069.2m $268.4m $268.4m 0.20% Added +936.2k +936,194
15 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 8,926,3218.9m $260.7m $260.7m 0.02% Reduced -627.4k -627,448
16 MML INVESTORS SERVICES, LLC 0.73% of their portfolio SPRINGFIELD, MA 8,643,5328.6m $252.5m $252.5m 0.73% Added +1.6m +1,578,072
17 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 8,063,1258.1m $235.5m $235.5m 0.02% Added +393.2k +393,248
18 HighTower Advisors, LLC 0.29% of their portfolio CHICAGO, IL 7,897,0447.9m $230.7m $230.7m 0.29% Added +282.8k +282,760
19 JPMORGAN CHASE & CO 0.02% of their portfolio NEW YORK, NY 7,489,9827.5m $218.8m $218.8m 0.02% Added +531.7k +531,702
20 CWM, LLC 0.75% of their portfolio OMAHA, NE 7,274,7707.3m $212.5m $212.5m 0.75% Added +61.7k +61,738
21 OneDigital Investment Advisors LLC 2.36% of their portfolio OVERLAND PARK, KS 7,265,2807.3m $212.2m $212.2m 2.36% Reduced -1.0m -1,036,404
22 McAdam, LLC 10.89% of their portfolio Philadelphia, PA 6,807,0716.8m $198.8m $198.8m 10.89% Added +121.5k +121,498
23 MONETA GROUP INVESTMENT ADVISORS LLC 2.00% of their portfolio ST LOUIS, MO 5,757,2495.8m $168.2m $168.2m 2.00% Added +456.0k +455,973
24 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 5,752,0685.8m $168.0m $168.0m 0.02% Added +3.0m +2,976,685
25 NorthCoast Asset Management LLC 0.70% of their portfolio STAMFORD, CT 5,611,9635.6m $163.9m $163.9m 0.70% Added +124.0k +124,004
26 AVANTAX ADVISORY SERVICES, INC. 0.88% of their portfolio DALLAS, TX 5,466,6425.5m $159.7m $159.7m 0.88% Added +418.5k +418,544
27 Thrive Wealth Management, LLC 23.95% of their portfolio AUDUBON, PA 5,077,6675.1m $148.3m $148.3m 23.95% Added +289.5k +289,455
28 COMMONWEALTH EQUITY SERVICES, LLC 0.19% of their portfolio WALTHAM, MA 4,863,4124.9m $142.1m $142.1m 0.19% Added +780.2k +780,213
29 Focus Financial Network, Inc. 5.55% of their portfolio MINNEAPOLIS, MN 4,814,8014.8m $140.6m $140.6m 5.55% Added +234.3k +234,264
30 RMG Wealth Management LLC 21.92% of their portfolio PLATTEVILLE, WI 4,795,6254.8m $142.6m $142.6m 21.92% First filing
31 Clark Capital Management Group, Inc. 0.94% of their portfolio PHILADELPHIA, PA 4,626,6804.6m $135.1m $135.1m 0.94% Reduced -24.7k -24,737
32 Marquette Asset Management, LLC 21.11% of their portfolio MINNEAPOLIS, MN 4,311,7474.3m $125.9m $125.9m 21.11% Added +314.1k +314,063
33 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 3,842,1623.8m $112.2m $112.2m 0.02% Added +243.7k +243,733
34 HHM Wealth Advisors, LLC 13.07% of their portfolio CHATTANOOGA, TN 3,765,3643.8m $110.0m $110.0m 13.07% Added +221.6k +221,638
35 Beacon Pointe Advisors, LLC 1.11% of their portfolio NEWPORT BEACH, CA 3,651,1543.7m $106.7m $106.7m 1.11% Added +8.2k +8,224
36 TWO SIGMA INVESTMENTS, LP 0.18% of their portfolio NEW YORK, NY 3,330,1233.3m $97.3m $97.3m 0.18% Reduced -227.2k -227,200
37 ASSETMARK, INC 0.22% of their portfolio CONCORD, CA 3,208,4143.2m $93.7m $93.7m 0.22% Added +40.0k +39,996
38 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.15% of their portfolio PLYMOUTH, MN 3,144,5613.1m $92.5m $92.5m 0.15% Added +79.0k +79,040
39 Cerity Partners LLC 0.16% of their portfolio NEW YORK, NY 3,119,9233.1m $91.1m $91.1m 0.16% Added +75.5k +75,451
40 Golden Reserve Retirement LLC 29.21% of their portfolio DUBLIN, OH 3,118,4073.1m $91.0m $91.0m 29.21% Added +338.7k +338,665
41 RAINEY & RANDALL WEALTH ADVISORS INC. 16.52% of their portfolio Celebration, FL 3,088,4203.1m $90.2m $90.2m 16.52% Reduced -1.8k -1,807
42 TRUIST FINANCIAL CORP 0.13% of their portfolio CHARLOTTE, NC 3,079,1303.1m $89.9m $89.9m 0.13% Reduced -136.3k -136,288
43 Financial Advisors, LLC 16.57% of their portfolio ANDOVER, MA 3,045,2183.0m $89.0m $89.0m 16.57% Reduced -57.5k -57,510
44 Cambridge Investment Research Advisors, Inc. 0.27% of their portfolio FAIRFIELD, IA 3,041,2613.0m $88.8m $88.8m 0.27% Reduced -591.3k -591,277
45 Legacy Financial Strategies, LLC 16.96% of their portfolio OVERLAND PARK, KS 2,959,4933.0m $86.4m $86.4m 16.96% Added +90.0k +90,006
46 Krilogy Financial LLC 4.94% of their portfolio ST. LOUIS, MO 2,951,0853.0m $86.2m $86.2m 4.94% Added +39.2k +39,206
47 PARK AVENUE SECURITIES LLC 0.75% of their portfolio NEW YORK, NY 2,793,1212.8m $81.6m $81.6m 0.75% Added +610.2k +610,166
48 Waverly Advisors, LLC 0.76% of their portfolio BIRMINGHAM, AL 2,384,3852.4m $69.6m $69.6m 0.76% Added +199.3k +199,346
49 Berger Financial Group, Inc 4.31% of their portfolio PLYMOUTH, MN 2,271,7142.3m $66.4m $66.4m 4.31% Added +64.5k +64,483
50 HRC WEALTH MANAGEMENT, LLC 35.31% of their portfolio Moscow, ID 2,267,7302.3m $66.2m $66.2m 35.31% Added +119.0k +118,980
51 Brio Consultants, LLC 9.61% of their portfolio SAN FRANCISCO, CA 2,252,6762.3m $65.8m $65.8m 9.61% Reduced -20.6k -20,645
52 MAI Capital Management 0.46% of their portfolio INDEPENDENCE, OH 2,252,0002.3m $65.8m $65.8m 0.46% Added +952 +952
53 STIFEL FINANCIAL CORP 0.06% of their portfolio ST. LOUIS, MO 2,124,9972.1m $62.1m $62.1m 0.06% Reduced -182.2k -182,181
54 Kestra Advisory Services, LLC 0.30% of their portfolio AUSTIN, TX 2,109,0632.1m $61.6m $61.6m 0.30% Reduced -260.3k -260,308
55 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 1.03% of their portfolio MINNEAPOLIS, MN 2,095,1812.1m $61.2m $61.2m 1.03% Reduced -32.4k -32,430
56 ANGELES WEALTH MANAGEMENT, LLC 4.18% of their portfolio SANTA MONICA, CA 2,087,7072.1m $61.0m $61.0m 4.18% Reduced -578.3k -578,288
57 UBS Group AG 0.01% of their portfolio ZURICH, V8 2,085,9022.1m $60.9m $60.9m 0.01% Added +277.8k +277,849
58 Koshinski Asset Management, Inc. 4.58% of their portfolio DECATUR, IL 2,076,8262.1m $60.7m $60.7m 4.58% Added +18.8k +18,849
59 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.48% of their portfolio IRVING, TX 2,023,5492.0m $59.1m $59.1m 0.48% Reduced -172.9k -172,890
60 Thrivent Financial for Lutherans 0.13% of their portfolio Minneapolis, MN 2,020,2862.0m $59.0m $59.0m 0.13% Added +1.5m +1,510,579
61 Financial Management Professionals, Inc. 6.53% of their portfolio AUSTIN, TX 1,985,7392.0m $58.0m $58.0m 6.53% Added +83.3k +83,292
62 Visionary Wealth Advisors 2.96% of their portfolio O'FALLON, IL 1,984,4702.0m $58.0m $58.0m 2.96% Added +88.3k +88,256
63 Nadler Financial Group, Inc. 5.81% of their portfolio DEERFIELD, IL 1,942,8091.9m $56.7m $56.7m 5.81% Added +50.9k +50,947
64 Merit Financial Group, LLC 0.62% of their portfolio ALPHARETTA, GA 1,916,6611.9m $56.0m $56.0m 0.62% Added +1.1m +1,090,799
65 Creative Planning 0.05% of their portfolio OVERLAND PARK, KS 1,874,0721.9m $54.7m $54.7m 0.05% Reduced -7.4k -7,411
66 Kelman-Lazarov, Inc. 8.84% of their portfolio MEMPHIS, TN 1,867,6571.9m $54.6m $54.6m 8.84% Added +40.5k +40,523
67 Main Street Financial Solutions, LLC 3.92% of their portfolio NEWTOWN, PA 1,851,6611.9m $54.1m $54.1m 3.92% Added +125.6k +125,638
68 Gemmer Asset Management LLC 4.76% of their portfolio WALNUT CREEK, CA 1,834,6621.8m $53.6m $53.6m 4.76% Added +6.4k +6,378
69 Compound Planning, Inc. 2.02% of their portfolio NEW YORK, NY 1,831,7711.8m $53.5m $53.5m 2.02% Added +377.0k +376,970
70 Northern Capital Management, Inc. 31.04% of their portfolio SPOKANE, WA 1,806,6611.8m $52.8m $52.8m 31.04% Reduced -32.6k -32,637
71 Prime Capital Investment Advisors, LLC 0.69% of their portfolio OVERLAND PARK, KS 1,787,5991.8m $52.2m $52.2m 0.69% Reduced -993.1k -993,143
72 HB Wealth Management, LLC 0.42% of their portfolio Atlanta, GA 1,779,4731.8m $52.0m $52.0m 0.42% Added +203.3k +203,272
73 Cornerstone Wealth Advisors, Inc. 13.18% of their portfolio EDINA, MN 1,746,5111.7m $51.0m $51.0m 13.18% Added +3.8k +3,771
74 Belpointe Asset Management LLC 2.10% of their portfolio RENO, NV 1,725,2771.7m $50.4m $50.4m 2.10% Added +582.7k +582,673
75 BURKETT FINANCIAL SERVICES, LLC 17.94% of their portfolio ROCK HILL, SC 1,705,7021.7m $49.8m $49.8m 17.94% Added +30.0k +29,976
76 Bleakley Financial Group, LLC 1.26% of their portfolio PARSIPPANY, NJ 1,695,5631.7m $49.5m $49.5m 1.26% Added +316.6k +316,555
77 Strategic Blueprint, LLC 2.39% of their portfolio ATLANTA, GA 1,664,6491.7m $48.6m $48.6m 2.39% Added +66.8k +66,832
78 Schneider Downs Wealth Management Advisors, LP 7.17% of their portfolio Pittsburgh, PA 1,640,6991.6m $47.9m $47.9m 7.17% Added +62.7k +62,669
79 Tradition Wealth Management, LLC 3.82% of their portfolio EDINA, MN 1,636,5571.6m $47.8m $47.8m 3.82% Added +105 +105
80 Charles Schwab Trust Co 3.54% of their portfolio HENDERSON, NV 1,614,0971.6m $47.1m $47.1m 3.54% Reduced -64.3k -64,287
81 Triton Wealth Management, PLLC 20.67% of their portfolio SUN CITY, AZ 1,611,5941.6m $48.4m $48.4m 20.67% First filing
82 CAPTRUST FINANCIAL ADVISORS 0.10% of their portfolio RALEIGH, NC 1,606,1251.6m $46.9m $46.9m 0.10% Reduced -35.3k -35,298
83 Envestnet Portfolio Solutions, Inc. 0.17% of their portfolio BERWYN, PA 1,603,4791.6m $46.8m $46.8m 0.17% Reduced -192.6k -192,641
84 XML Financial, LLC 4.05% of their portfolio BETHESDA, MD 1,595,9881.6m $46.6m $46.6m 4.05% Added +32.4k +32,358
85 FORTE CAPITAL LLC /ADV 4.98% of their portfolio ROCHESTER, NY 1,584,8321.6m $46.3m $46.3m 4.98% Reduced -168.9k -168,942
86 SUMMIT WEALTH & RETIREMENT PLANNING, INC. 12.14% of their portfolio EAGLE, ID 1,547,8211.5m $45.2m $45.2m 12.14% Reduced -1.2k -1,162
87 Midwest Trust Co 0.63% of their portfolio Overland Park, KS 1,547,8121.5m $45.2m $45.2m 0.63% First filing
88 Rollins Financial Advisors, LLC 7.05% of their portfolio ATLANTA, GA 1,513,0621.5m $44.2m $44.2m 7.05% Reduced -106.4k -106,433
89 GHP Investment Advisors, Inc. 1.90% of their portfolio Denver, CO 1,465,9661.5m $42.8m $42.8m 1.90% Added +7.1k +7,089
90 Focus Partners Advisor Solutions, LLC 0.56% of their portfolio SAINT LOUIS, MO 1,448,0221.4m $42.3m $42.3m 0.56% Reduced -241.4k -241,423
91 Integrated Wealth Concepts LLC 0.42% of their portfolio WALTHAM, MA 1,424,5031.4m $41.6m $41.6m 0.42% Added +164.9k +164,857
92 Summit Asset Management, LLC 6.54% of their portfolio MEMPHIS, TN 1,374,5801.4m $40.2m $40.2m 6.54% Added +4.7k +4,653
93 NOVEM GROUP 5.02% of their portfolio Rochester, NY 1,355,1871.4m $39.6m $39.6m 5.02% Added +276.2k +276,201
94 World Investment Advisors 0.89% of their portfolio LINCROFT, NJ 1,343,0841.3m $39.2m $39.2m 0.89% Added +821.6k +821,622
95 Goepper Burkhardt LLC 14.28% of their portfolio GREENVILLE, SC 1,327,1101.3m $38.8m $38.8m 14.28% Added +68.6k +68,592
96 PRINCIPAL SECURITIES, INC. 0.73% of their portfolio DES MOINES, IA 1,324,5451.3m $38.7m $38.7m 0.73% Added +530.9k +530,942
97 Veery Capital, LLC 13.16% of their portfolio Wilmington, DE 1,310,0381.3m $38.3m $38.3m 13.16% Added +67.7k +67,651
98 Ausdal Financial Partners, Inc. 2.53% of their portfolio Davenport, IA 1,295,8411.3m $37.9m $37.9m 2.53% Added +10.8k +10,780
99 Provident Wealth Management, LLC 12.36% of their portfolio BRENTWOOD, TN 1,293,8691.3m $37.8m $37.8m 12.36% Reduced -7.7k -7,712
100 AFFINITY WEALTH LLC 31.29% of their portfolio CANTON, OH 1,257,5611.3m $36.7m $36.7m 31.29% Added +83.6k +83,582