Vault-13

SCHWAB STRATEGIC TR SCHG

US LCAP GR ETF · ETP · CUSIP 808524300

1,626 institutional holders -10 vs Q4 2025
919,030,611919.0m shares reported held*
$26.5bnreported value*
89 new 730 added 565 reduced 95 sold out net bought ≈ $1.2bn (+53.1m 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 ($21.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $28.79. Options: 5 managers hold calls ($15.9m notional), 4 hold puts ($7.8m).

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

01k2kQ3 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: 1,467Q3 25: 1,513Q4 25: 1,636Q1 26: 1,6261,626Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q3 20251,513
Q4 20251,636
Q1 20261,626

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ2 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 25Q2 25: 786 bought or addedQ2 25: 517 cut or sold outQ3 25: 755 bought or addedQ3 25: 581 cut or sold outQ3 25Q4 25: 745 bought or addedQ4 25: 612 cut or sold outQ1 26: 819 bought or addedQ1 26: 660 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 2024549450
Q3 2024595491
Q4 2024636525
Q1 2025718552
Q2 2025786517
Q3 2025755581
Q4 2025745612
Q1 2026819660

Calls vs puts

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

CallsPuts
$0$5m$10m$15m$20mQ2 25 calls: $19.4mQ2 25 puts: $4.7mQ2 25P/C 0.24Q3 25 calls: $18.7mQ3 25 puts: $3.6mQ3 25P/C 0.19Q4 25 calls: $16.1mQ4 25 puts: $7.4mQ4 25P/C 0.46Q1 26 calls: $15.9mQ1 26 puts: $7.8mQ1 26P/C 0.49
Numbers
QuarterCallsPutsP/C
Q2 2025$19.4m$4.7m0.24
Q3 2025$18.7m$3.6m0.19
Q4 2025$16.1m$7.4m0.46
Q1 2026$15.9m$7.8m0.49

Biggest buyers

Oasis Advisors, LLC Added +14,703,456+14.7m
CHARLES SCHWAB INVESTMENT MANAGEMENT INC Added +5,761,202+5.8m
Focus Partners Wealth Added +5,545,704+5.5m
RMG Wealth Management LLC Added +5,411,459+5.4m
SEI INVESTMENTS CO Added +3,356,829+3.4m
LPL Financial LLC Added +3,117,202+3.1m
Beacon Pointe Advisors, LLC Added +3,061,564+3.1m
WELLS FARGO & COMPANY/MN Added +1,834,243+1.8m
MATHER GROUP, LLC. Added +1,718,415+1.7m
TSG Advice Partners, LLC New +1,631,361+1.6m

Biggest sellers

MML INVESTORS SERVICES, LLC Reduced -2,657,286-2.7m
Financial Management Professionals, Inc. Reduced -1,820,196-1.8m
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Reduced -1,260,269-1.3m
AMERIPRISE FINANCIAL INC Reduced -1,179,221-1.2m
Creative Planning Reduced -927,245-927.2k
GOLDMAN SACHS GROUP INC Reduced -855,780-855.8k
B&D White Capital Company, LLC Reduced -609,488-609.5k
JBGlobal.com LLC Sold out -562,709-562.7k
Storen Legacy Partners, LLC Reduced -547,282-547.3k
NATIONAL BANK OF CANADA /FI/ Reduced -539,975-540.0k

Biggest calls

JANE STREET GROUP, LLC Added $4.7m162.4k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $4.5m156.0k shares
CITADEL ADVISORS LLC Added $4.1m139.6k shares
IMC-Chicago, LLC Added $1.5m52.6k shares
GROUP ONE TRADING LLC Added $1.0m34.8k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $4.0m138.7k shares
CITADEL ADVISORS LLC Added $2.6m88.9k shares
JANE STREET GROUP, LLC Added $1.1m36.4k shares
Weaver Capital Management LLC Unchanged $93.2k3.2k 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, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ENVESTNET ASSET MANAGEMENT INC 0.50% of their portfolio Berwyn, PA 64,461,58464.5m $1.9bn $1.9bn 0.50% Added +134.4k +134,381
2 SEI INVESTMENTS CO 1.28% of their portfolio OAKS, PA 47,564,76847.6m $1.4bn $1.4bn 1.28% Added +3.4m +3,356,829
3 MATHER GROUP, LLC. 12.65% of their portfolio CHICAGO, IL 43,528,96543.5m $1.3bn $1.3bn 12.65% Added +1.7m +1,718,415
4 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.19% of their portfolio SAN FRANCISCO, CA 43,506,07443.5m $1.3bn $1.3bn 0.19% Added +5.8m +5,761,202
5 LPL Financial LLC 0.29% of their portfolio FORT MILL, SC 37,283,85637.3m $1.1bn $1.1bn 0.29% Added +3.1m +3,117,202
6 Financial Engines Advisors L.L.C. 2.02% of their portfolio SANTA CLARA, CA 34,105,27734.1m $993.5m $993.5m 2.02% Added +121.0k +121,045
7 Mariner, LLC 0.67% of their portfolio Overland Park, KS 19,764,19319.8m $575.7m $575.7m 0.67% Reduced -314.4k -314,399
8 OSAIC HOLDINGS, INC. 0.78% of their portfolio SCOTTSDALE, AZ 18,201,90218.2m $530.1m $530.1m 0.78% Reduced -81.1k -81,051
9 Cetera Investment Advisers 0.56% of their portfolio SCHAUMBURG, IL 17,955,64018.0m $523.0m $523.0m 0.56% Added +995.4k +995,373
10 VANTAGEPOINT INVESTMENT ADVISERS LLC 4.21% of their portfolio WASHINGTON, DC 17,067,49417.1m $497.2m $497.2m 4.21% Unchanged
11 AMERIPRISE FINANCIAL INC 0.11% of their portfolio MINNEAPOLIS, MN 16,425,83316.4m $478.6m $478.6m 0.11% Reduced -1.2m -1,179,221
12 RAYMOND JAMES FINANCIAL INC 0.14% of their portfolio ST. PETERSBURG, FL 15,826,52715.8m $461.0m $461.0m 0.14% Added +935.6k +935,593
13 Oasis Advisors, LLC 4.11% of their portfolio FOREST CITY, IA 15,144,06415.1m $20.9m $20.9m 4.11% Added +14.7m +14,703,456
14 Avantax Planning Partners, Inc. 12.02% of their portfolio DUBUQUE, IA 15,031,52715.0m $437.9m $437.9m 12.02% Added +141.0k +140,994
15 Focus Partners Wealth 0.39% of their portfolio ST LOUIS, MO 12,147,95512.1m $354.0m $354.0m 0.39% Added +5.5m +5,545,704
16 Fund Evaluation Group, LLC 9.56% of their portfolio CINCINNATI, OH 10,683,79410.7m $311.1m $311.1m 9.56% Added +1.2m +1,238,208
17 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.18% of their portfolio MILWAUKEE, WI 10,146,70210.1m $295.6m $295.6m 0.18% Reduced -425.4k -425,361
18 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 10,007,87610.0m $291.5m $291.5m 0.02% Added +1.5m +1,461,332
19 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 9,301,6589.3m $271.0m $271.0m 0.02% Added +480.9k +480,921
20 MML INVESTORS SERVICES, LLC 0.73% of their portfolio SPRINGFIELD, MA 9,069,1399.1m $264.2m $264.2m 0.73% Reduced -2.7m -2,657,286
21 HighTower Advisors, LLC 0.27% of their portfolio CHICAGO, IL 8,624,4268.6m $251.2m $251.2m 0.27% Added +255.0k +255,009
22 WELLS FARGO & COMPANY/MN 0.05% of their portfolio SAN FRANCISCO, CA 8,618,1768.6m $251.0m $251.0m 0.05% Added +1.8m +1,834,243
23 JPMORGAN CHASE & CO 0.02% of their portfolio NEW YORK, NY 7,905,6567.9m $222.1m $222.1m 0.02% Reduced -538.3k -538,332
24 OneDigital Investment Advisors LLC 2.13% of their portfolio OVERLAND PARK, KS 7,482,2957.5m $218.0m $218.0m 2.13% Added +314.0k +314,046
25 McAdam, LLC 9.73% of their portfolio Philadelphia, PA 7,413,1247.4m $215.9m $215.9m 9.73% Added +156.2k +156,150
26 CWM, LLC 0.55% of their portfolio OMAHA, NE 7,205,1547.2m $209.9m $209.9m 0.55% Reduced -253.5k -253,458
27 Beacon Pointe Advisors, LLC 1.04% of their portfolio NEWPORT BEACH, CA 6,701,1106.7m $195.2m $195.2m 1.04% Added +3.1m +3,061,564
28 MONETA GROUP INVESTMENT ADVISORS LLC 1.41% of their portfolio ST LOUIS, MO 6,434,1966.4m $187.4m $187.4m 1.41% Added +704.2k +704,238
29 RMG Wealth Management LLC 21.33% of their portfolio PLATTEVILLE, WI 5,413,8265.4m $184.8m $184.8m 21.33% Added +5.4m +5,411,459
30 Thrive Wealth Management, LLC 23.09% of their portfolio AUDUBON, PA 5,317,8915.3m $154.9m $154.9m 23.09% Added +395.4k +395,364
31 Focus Financial Network, Inc. 4.94% of their portfolio MINNEAPOLIS, MN 4,731,5264.7m $137.8m $137.8m 4.94% Reduced -30.3k -30,258
32 Clark Capital Management Group, Inc. 0.83% of their portfolio PHILADELPHIA, PA 4,616,5124.6m $134.5m $134.5m 0.83% Added +55.6k +55,561
33 Marquette Asset Management, LLC 18.58% of their portfolio MINNEAPOLIS, MN 4,266,7634.3m $124.3m $124.3m 18.58% Added +22.5k +22,527
34 Golden Reserve Retirement LLC 24.41% of their portfolio DUBLIN, OH 4,061,4944.1m $118.3m $118.3m 24.41% Reduced -46.1k -46,059
35 Krilogy Financial LLC 3.87% of their portfolio ST. LOUIS, MO 3,734,9043.7m $120.0m $120.0m 3.87% Added +269.8k +269,835
36 COMMONWEALTH EQUITY SERVICES, LLC 0.15% of their portfolio WALTHAM, MA 3,697,8723.7m $107.7m $107.7m 0.15% Reduced -162.5k -162,504
37 HHM Wealth Advisors, LLC 12.08% of their portfolio CHATTANOOGA, TN 3,594,9933.6m $104.7m $104.7m 12.08% Added +112.3k +112,307
38 Waverly Advisors, LLC 0.77% of their portfolio BIRMINGHAM, AL 3,515,8353.5m $102.4m $102.4m 0.77% Added +992.5k +992,474
39 PARK AVENUE SECURITIES LLC 0.78% of their portfolio NEW YORK, NY 3,413,3763.4m $99.4m $99.4m 0.78% Reduced -233.2k -233,241
40 Creative Planning 0.06% of their portfolio OVERLAND PARK, KS 3,287,2943.3m $95.8m $95.8m 0.06% Reduced -927.2k -927,245
41 UBS Group AG 0.02% of their portfolio ZURICH, V8 3,274,7223.3m $95.4m $95.4m 0.02% Added +486.9k +486,861
42 Cerity Partners LLC 0.13% of their portfolio NEW YORK, NY 3,195,6533.2m $93.6m $93.6m 0.13% Added +130.2k +130,206
43 TRUIST FINANCIAL CORP 0.12% of their portfolio CHARLOTTE, NC 3,177,8523.2m $92.6m $92.6m 0.12% Reduced -58.1k -58,147
44 RAINEY & RANDALL WEALTH ADVISORS INC. 14.75% of their portfolio Celebration, FL 3,117,6233.1m $90.8m $90.8m 14.75% Added +20.8k +20,849
45 Lido Advisors, LLC 0.36% of their portfolio Los Angeles, CA 3,114,1833.1m $90.7m $90.7m 0.36% Reduced -59.8k -59,779
46 Gemmer Asset Management LLC 7.07% of their portfolio WALNUT CREEK, CA 3,072,9933.1m $89.5m $89.5m 7.07% Added +370.7k +370,659
47 Thrivent Financial for Lutherans 0.17% of their portfolio Minneapolis, MN 3,035,3983.0m $88.4m $88.4m 0.17% Reduced -75.1k -75,061
48 ASSETMARK, INC 0.17% of their portfolio CONCORD, CA 2,908,8792.9m $84.7m $84.7m 0.17% Added +7.5k +7,504
49 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.52% of their portfolio IRVING, TX 2,907,1322.9m $84.7m $84.7m 0.52% Added +59.2k +59,169
50 Legacy Financial Strategies, LLC 15.24% of their portfolio OVERLAND PARK, KS 2,899,4312.9m $84.5m $84.5m 15.24% Added +46.4k +46,364
51 Cambridge Investment Research Advisors, Inc. 0.22% of their portfolio FAIRFIELD, IA 2,896,9452.9m $84.4m $84.4m 0.22% Reduced -336.1k -336,062
52 Savvy Advisors, Inc. 2.24% of their portfolio NEW YORK, NY 2,863,1822.9m $83.4m $83.4m 2.24% Added +492.1k +492,054
53 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 2,848,5392.8m $83.0m $83.0m 0.02% Added +16.8k +16,795
54 BlueStem Wealth Partners, LLC 8.94% of their portfolio MINNETONKA, MN 2,760,5232.8m $80.4m $80.4m 8.94% Reduced -62.6k -62,600
55 Berger Financial Group, Inc 4.24% of their portfolio PLYMOUTH, MN 2,597,7182.6m $75.7m $75.7m 4.24% Added +302.3k +302,290
56 Kestra Advisory Services, LLC 0.26% of their portfolio AUSTIN, TX 2,375,6192.4m $69.2m $69.2m 0.26% Added +262.7k +262,702
57 ANGELES WEALTH MANAGEMENT, LLC 3.74% of their portfolio SANTA MONICA, CA 2,359,7362.4m $68.7m $68.7m 3.74% Added +22.9k +22,911
58 HRC WEALTH MANAGEMENT, LLC 30.96% of their portfolio Moscow, ID 2,249,3542.2m $65.5m $65.5m 30.96% Added +1.3k +1,291
59 Prime Capital Investment Advisors, LLC 0.74% of their portfolio OVERLAND PARK, KS 2,184,3542.2m $63.6m $63.6m 0.74% Added +643.9k +643,908
60 Koshinski Asset Management, Inc. 3.87% of their portfolio DECATUR, IL 2,129,9782.1m $62.0m $62.0m 3.87% Added +23.7k +23,716
61 MAI Capital Management 0.35% of their portfolio INDEPENDENCE, OH 2,105,5582.1m $61.3m $61.3m 0.35% Reduced -136.6k -136,624
62 STIFEL FINANCIAL CORP 0.06% of their portfolio ST. LOUIS, MO 2,101,6302.1m $61.2m $61.2m 0.06% Reduced -73.5k -73,491
63 Compound Planning, Inc. 1.82% of their portfolio NEW YORK, NY 2,024,8642.0m $59.0m $59.0m 1.82% Reduced -73.0k -72,953
64 Nadler Financial Group, Inc. 5.51% of their portfolio DEERFIELD, IL 1,963,4062.0m $57.2m $57.2m 5.51% Added +35.8k +35,829
65 BIP Wealth, LLC 2.31% of their portfolio ATLANTA, GA 1,946,5331.9m $56.7m $56.7m 2.31% Added +167.0k +167,030
66 Charles Schwab Trust Co 3.64% of their portfolio HENDERSON, NV 1,924,9031.9m $56.1m $56.1m 3.64% Added +171.7k +171,681
67 Kelman-Lazarov, Inc. 7.81% of their portfolio MEMPHIS, TN 1,870,9261.9m $54.5m $54.5m 7.81% Added +36.1k +36,103
68 Brio Consultants, LLC 7.59% of their portfolio SAN FRANCISCO, CA 1,869,8041.9m $62.1m $62.1m 7.59% Reduced -265.4k -265,380
69 Belpointe Asset Management LLC 1.98% of their portfolio RENO, NV 1,864,2851.9m $54.3m $54.3m 1.98% Added +14.4k +14,364
70 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.12% of their portfolio PLYMOUTH, MN 1,849,2671.8m $54.4m $54.4m 0.12% Reduced -1.3m -1,260,269
71 Bleakley Financial Group, LLC 0.84% of their portfolio PARSIPPANY, NJ 1,847,6631.8m $53.8m $53.8m 0.84% Added +71.6k +71,551
72 Merit Financial Group, LLC 0.39% of their portfolio ALPHARETTA, GA 1,802,4811.8m $52.5m $52.5m 0.39% Added +70.8k +70,827
73 World Investment Advisors 0.85% of their portfolio LINCROFT, NJ 1,798,8631.8m $52.4m $52.4m 0.85% Added +795.8k +795,819
74 Midwest Trust Co 0.65% of their portfolio Overland Park, KS 1,796,0781.8m $52.3m $52.3m 0.65% Added +32.2k +32,222
75 EXCHANGE TRADED CONCEPTS, LLC 0.40% of their portfolio Oklahoma City, OK 1,771,5791.8m $51.6m $51.6m 0.40% Added +7.5k +7,463
76 Northern Capital Management, Inc. 25.72% of their portfolio SPOKANE, WA 1,761,1241.8m $51.3m $51.3m 25.72% Added +17.8k +17,751
77 HB Wealth Management, LLC 0.33% of their portfolio Atlanta, GA 1,737,8591.7m $50.6m $50.6m 0.33% Reduced -96.9k -96,859
78 Main Street Financial Solutions, LLC 3.69% of their portfolio NEWTOWN, PA 1,735,4811.7m $50.6m $50.6m 3.69% Added +74.0k +74,045
79 Envestnet Portfolio Solutions, Inc. 0.28% of their portfolio BERWYN, PA 1,728,8801.7m $50.4m $50.4m 0.28% Reduced -223.1k -223,144
80 Schneider Downs Wealth Management Advisors, LP 5.27% of their portfolio Pittsburgh, PA 1,640,6621.6m $47.8m $47.8m 5.27% Added +31.4k +31,378
81 BURKETT FINANCIAL SERVICES, LLC 16.30% of their portfolio ROCK HILL, SC 1,632,5281.6m $47.6m $47.6m 16.30% Added +32.9k +32,902
82 TSG Advice Partners, LLC 7.12% of their portfolio COLUMBUS, OH 1,631,3611.6m $47.5m $47.5m 7.12% New
83 XML Financial, LLC 3.83% of their portfolio BETHESDA, MD 1,631,1571.6m $47.5m $47.5m 3.83% Added +129.5k +129,500
84 Integrated Wealth Concepts LLC 0.38% of their portfolio WALTHAM, MA 1,628,0541.6m $47.4m $47.4m 0.38% Added +415.7k +415,706
85 Cornerstone Wealth Advisors, Inc. 10.91% of their portfolio EDINA, MN 1,626,4881.6m $47.4m $47.4m 10.91% Reduced -2.0k -2,016
86 AFFINITY WEALTH LLC 28.90% of their portfolio CANTON, OH 1,554,3471.6m $45.3m $45.3m 28.90% Added +248.9k +248,863
87 LOWE BROCKENBROUGH & CO INC 2.25% of their portfolio RICHMOND, VA 1,546,8721.5m $45.1m $45.1m 2.25% Added +1.1m +1,074,695
88 SOUTHERN MICHIGAN BANK & TRUST 17.24% of their portfolio COLDWATER, MI 1,542,5931.5m $44.9m $44.9m 17.24% First filing
89 SUMMIT WEALTH & RETIREMENT PLANNING, INC. 10.55% of their portfolio EAGLE, ID 1,517,4391.5m $44.2m $44.2m 10.55% Reduced -11.1k -11,055
90 Triton Wealth Management, PLLC 16.52% of their portfolio SUN CITY, AZ 1,506,7841.5m $44.5m $44.5m 16.52% Added +11.5k +11,546
91 TWO SIGMA INVESTMENTS, LP 0.04% of their portfolio NEW YORK, NY 1,503,1231.5m $43.8m $43.8m 0.04% Added +1.1m +1,095,000
92 PRINCIPAL SECURITIES, INC. 0.63% of their portfolio DES MOINES, IA 1,474,6801.5m $43.0m $43.0m 0.63% Added +115.6k +115,579
93 Vestwell Advisors, LLC 11.71% of their portfolio NEW YORK, NY 1,467,2211.5m $42.7m $42.7m 11.71% Added +219.3k +219,329
94 Tradition Wealth Management, LLC 3.04% of their portfolio EDINA, MN 1,465,0741.5m $42.7m $42.7m 3.04% Reduced -91.1k -91,071
95 GHP Investment Advisors, Inc. 1.75% of their portfolio Denver, CO 1,462,2161.5m $42.6m $42.6m 1.75% Added +7.4k +7,442
96 Summit Asset Management, LLC 5.85% of their portfolio MEMPHIS, TN 1,443,9741.4m $42.1m $42.1m 5.85% Added +45.0k +44,950
97 Focus Partners Advisor Solutions, LLC 0.42% of their portfolio SAINT LOUIS, MO 1,443,9221.4m $42.1m $42.1m 0.42% Reduced -114.1k -114,061
98 CAPTRUST FINANCIAL ADVISORS 0.07% of their portfolio RALEIGH, NC 1,412,2541.4m $41.1m $41.1m 0.07% Reduced -56.5k -56,483
99 Ausdal Financial Partners, Inc. 1.83% of their portfolio Davenport, IA 1,404,9401.4m $40.9m $40.9m 1.83% Added +18.3k +18,332
100 Goepper Burkhardt LLC 13.63% of their portfolio GREENVILLE, SC 1,400,0631.4m $40.8m $40.8m 13.63% Added +25.3k +25,347