Vault-13

SCHWAB STRATEGIC TR SCHG

US LCAP GR ETF · ETP · CUSIP 808524300

1,667 institutional holders +41 vs Q1 2026
959,413,883959.4m shares reported held*
$32.5bnreported value*
121 new 746 added 549 reduced 75 sold out net bought ≈ $2.2bn (+50.8m 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 ($40.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $33.87. Options: 6 managers hold calls ($25.5m notional), 4 hold puts ($9.7m).

Trends to Q2 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: 1,626Q2 26: 1,6671,667Q3 22Q3 23Q3 24Q3 25Q2 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
Q2 20261,667

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ3 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 25Q3 25: 755 bought or addedQ3 25: 581 cut or sold outQ4 25: 745 bought or addedQ4 25: 612 cut or sold outQ4 25Q1 26: 819 bought or addedQ1 26: 660 cut or sold outQ2 26: 867 bought or addedQ2 26: 624 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 2024595491
Q4 2024636525
Q1 2025718552
Q2 2025786517
Q3 2025755581
Q4 2025745612
Q1 2026819660
Q2 2026867624

Calls vs puts

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

CallsPuts
$0$10m$20m$30mQ3 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 0.49Q2 26 calls: $25.5mQ2 26 puts: $9.7mQ2 26P/C 0.38
Numbers
QuarterCallsPutsP/C
Q3 2025$18.7m$3.6m0.19
Q4 2025$16.1m$7.4m0.46
Q1 2026$15.9m$7.8m0.49
Q2 2026$25.5m$9.7m0.38

Biggest buyers

CHARLES SCHWAB INVESTMENT MANAGEMENT INC Added +78,478,827+78.5m
Financial Engines Advisors L.L.C. Added +5,106,821+5.1m
Fund Evaluation Group, LLC Added +3,964,875+4.0m
Cambridge Investment Research Advisors, Inc. Added +3,062,841+3.1m
WELLS FARGO & COMPANY/MN Added +1,855,259+1.9m
MML INVESTORS SERVICES, LLC Added +1,772,244+1.8m
RAYMOND JAMES FINANCIAL INC Added +1,141,199+1.1m
McAdam, LLC Added +1,123,936+1.1m
Cetera Investment Advisers Added +1,080,477+1.1m
LPL Financial LLC Added +1,009,279+1.0m

Biggest sellers

MATHER GROUP, LLC. Reduced -30,519,998-30.5m
Oasis Advisors, LLC Reduced -14,583,827-14.6m
Focus Partners Wealth Reduced -5,311,852-5.3m
ENVESTNET ASSET MANAGEMENT INC Reduced -2,676,595-2.7m
Lido Advisors, LLC Reduced -2,449,100-2.4m
BANK OF AMERICA CORP /DE/ Reduced -1,562,565-1.6m
TWO SIGMA INVESTMENTS, LP Reduced -1,360,100-1.4m
HighTower Advisors, LLC Reduced -1,267,537-1.3m
Advance Capital Management, Inc. Reduced -1,246,963-1.2m
BlueStem Wealth Partners, LLC Reduced -835,763-835.8k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $11.7m345.9k shares
CITADEL ADVISORS LLC Added $5.4m158.2k shares
JANE STREET GROUP, LLC Reduced $3.9m115.9k shares
Capital Investment Advisors, LLC New $2.1m62.0k shares
IMC-Chicago, LLC Reduced $1.5m44.2k shares
GROUP ONE TRADING LLC Reduced $971.2k28.7k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $7.8m229.2k shares
CITADEL ADVISORS LLC Reduced $1.5m45.2k shares
JANE STREET GROUP, LLC Reduced $348.6k10.3k 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, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.55% of their portfolio SAN FRANCISCO, CA 121,984,901122.0m $4.1bn $4.1bn 0.55% Added +78.5m +78,478,827
2 ENVESTNET ASSET MANAGEMENT INC 0.49% of their portfolio Berwyn, PA 61,784,98961.8m $2.1bn $2.1bn 0.49% Reduced -2.7m -2,676,595
3 SEI INVESTMENTS CO 1.42% of their portfolio OAKS, PA 47,660,21847.7m $1.6bn $1.6bn 1.42% Added +95.5k +95,450
4 Financial Engines Advisors L.L.C. 2.36% of their portfolio SANTA CLARA, CA 39,212,09839.2m $1.3bn $1.3bn 2.36% Added +5.1m +5,106,821
5 LPL Financial LLC 0.29% of their portfolio FORT MILL, SC 38,293,13538.3m $1.3bn $1.3bn 0.29% Added +1.0m +1,009,279
6 Mariner, LLC 0.69% of their portfolio Overland Park, KS 19,308,60319.3m $653.4m $653.4m 0.69% Reduced -455.6k -455,590
7 Cetera Investment Advisers 0.59% of their portfolio SCHAUMBURG, IL 19,036,11719.0m $644.2m $644.2m 0.59% Added +1.1m +1,080,477
8 OSAIC HOLDINGS, INC. 0.73% of their portfolio SCOTTSDALE, AZ 18,396,87818.4m $622.6m $622.6m 0.73% Added +195.0k +194,976
9 VANTAGEPOINT INVESTMENT ADVISERS LLC 4.32% of their portfolio WASHINGTON, DC 17,067,49417.1m $577.6m $577.6m 4.32% Unchanged
10 RAYMOND JAMES FINANCIAL INC 0.16% of their portfolio ST. PETERSBURG, FL 16,967,72617.0m $574.2m $574.2m 0.16% Added +1.1m +1,141,199
11 AMERIPRISE FINANCIAL INC 0.11% of their portfolio MINNEAPOLIS, MN 16,012,82516.0m $542.1m $542.1m 0.11% Reduced -413.0k -413,008
12 Avantax Planning Partners, Inc. 12.59% of their portfolio DUBUQUE, IA 14,951,81715.0m $506.0m $506.0m 12.59% Reduced -79.7k -79,710
13 Fund Evaluation Group, LLC 13.38% of their portfolio CINCINNATI, OH 14,648,66914.6m $495.7m $495.7m 13.38% Added +4.0m +3,964,875
14 MATHER GROUP, LLC. 3.84% of their portfolio CHICAGO, IL 13,008,96713.0m $440.2m $440.2m 3.84% Reduced -30.5m -30,519,998
15 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.20% of their portfolio MILWAUKEE, WI 10,969,34311.0m $371.2m $371.2m 0.20% Added +822.6k +822,641
16 MML INVESTORS SERVICES, LLC 0.75% of their portfolio SPRINGFIELD, MA 10,841,38310.8m $366.9m $366.9m 0.75% Added +1.8m +1,772,244
17 WELLS FARGO & COMPANY/MN 0.06% of their portfolio SAN FRANCISCO, CA 10,473,43510.5m $354.4m $354.4m 0.06% Added +1.9m +1,855,259
18 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 9,519,5379.5m $322.1m $322.1m 0.02% Added +217.9k +217,879
19 McAdam, LLC 11.16% of their portfolio Philadelphia, PA 8,537,0608.5m $288.9m $288.9m 11.16% Added +1.1m +1,123,936
20 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 8,445,3118.4m $285.8m $285.8m 0.02% Reduced -1.6m -1,562,565
21 JPMORGAN CHASE & CO 0.02% of their portfolio NEW YORK, NY 8,221,0238.2m $275.1m $275.1m 0.02% Added +315.4k +315,367
22 OneDigital Investment Advisors LLC 2.22% of their portfolio OVERLAND PARK, KS 7,776,2957.8m $263.1m $263.1m 2.22% Added +294.0k +294,000
23 HighTower Advisors, LLC 0.24% of their portfolio CHICAGO, IL 7,356,8897.4m $249.0m $249.0m 0.24% Reduced -1.3m -1,267,537
24 Focus Partners Wealth 0.24% of their portfolio ST LOUIS, MO 6,836,1036.8m $231.3m $231.3m 0.24% Reduced -5.3m -5,311,852
25 Beacon Pointe Advisors, LLC 1.06% of their portfolio NEWPORT BEACH, CA 6,744,8286.7m $228.2m $228.2m 1.06% Added +43.7k +43,718
26 MONETA GROUP INVESTMENT ADVISORS LLC 1.67% of their portfolio ST LOUIS, MO 6,662,8596.7m $225.5m $225.5m 1.67% Added +228.7k +228,663
27 Cambridge Investment Research Advisors, Inc. 0.23% of their portfolio FAIRFIELD, IA 5,959,7866.0m $201.7m $201.7m 0.23% Added +3.1m +3,062,841
28 RMG Wealth Management LLC 21.58% of their portfolio PLATTEVILLE, WI 5,875,5455.9m $209.2m $209.2m 21.58% Added +461.7k +461,719
29 Thrive Wealth Management, LLC 23.65% of their portfolio AUDUBON, PA 5,430,6975.4m $183.8m $183.8m 23.65% Added +112.8k +112,806
30 Clark Capital Management Group, Inc. 0.83% of their portfolio PHILADELPHIA, PA 4,491,4394.5m $152.0m $152.0m 0.83% Reduced -125.1k -125,073
31 Focus Financial Network, Inc. 4.57% of their portfolio MINNEAPOLIS, MN 4,361,2254.4m $147.6m $147.6m 4.57% Reduced -370.3k -370,301
32 Marquette Asset Management, LLC 18.71% of their portfolio MINNEAPOLIS, MN 4,293,3664.3m $145.3m $145.3m 18.71% Added +26.6k +26,603
33 Golden Reserve Retirement LLC 22.65% of their portfolio DUBLIN, OH 4,249,8044.2m $143.8m $143.8m 22.65% Added +188.3k +188,310
34 Cerity Partners LLC 0.14% of their portfolio NEW YORK, NY 3,902,6683.9m $113.1m $113.1m 0.14% Added +707.0k +707,015
35 Krilogy Financial LLC 3.75% of their portfolio ST. LOUIS, MO 3,745,0153.7m $126.7m $126.7m 3.75% Added +10.1k +10,111
36 HHM Wealth Advisors, LLC 12.70% of their portfolio CHATTANOOGA, TN 3,728,0723.7m $126.2m $126.2m 12.70% Added +133.1k +133,079
37 Waverly Advisors, LLC 0.72% of their portfolio BIRMINGHAM, AL 3,660,7743.7m $123.9m $123.9m 0.72% Added +144.9k +144,939
38 COMMONWEALTH EQUITY SERVICES, LLC 0.15% of their portfolio WALTHAM, MA 3,627,9633.6m $122.8m $122.8m 0.15% Reduced -69.9k -69,909
39 PARK AVENUE SECURITIES LLC 0.74% of their portfolio NEW YORK, NY 3,491,8553.5m $118.2m $118.2m 0.74% Added +78.5k +78,479
40 TRUIST FINANCIAL CORP 0.14% of their portfolio CHARLOTTE, NC 3,403,3033.4m $115.2m $115.2m 0.14% Added +225.5k +225,451
41 UBS Group AG 0.02% of their portfolio ZURICH, V8 3,269,2803.3m $110.6m $110.6m 0.02% Reduced -5.4k -5,442
42 Creative Planning 0.06% of their portfolio OVERLAND PARK, KS 3,250,0273.3m $110.0m $110.0m 0.06% Reduced -37.3k -37,267
43 Thrivent Financial for Lutherans 0.18% of their portfolio Minneapolis, MN 3,211,9893.2m $108.7m $108.7m 0.18% Added +176.6k +176,591
44 RAINEY & RANDALL WEALTH ADVISORS INC. 15.11% of their portfolio Celebration, FL 3,124,5433.1m $105.7m $105.7m 15.11% Added +6.9k +6,920
45 Gemmer Asset Management LLC 7.05% of their portfolio WALNUT CREEK, CA 3,100,7873.1m $104.9m $104.9m 7.05% Added +27.8k +27,794
46 Savvy Advisors, Inc. 2.22% of their portfolio NEW YORK, NY 3,061,3263.1m $103.6m $103.6m 2.22% Added +198.1k +198,144
47 Legacy Financial Strategies, LLC 15.39% of their portfolio OVERLAND PARK, KS 2,937,1322.9m $99.4m $99.4m 15.39% Added +37.7k +37,701
48 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.54% of their portfolio IRVING, TX 2,898,1212.9m $98.1m $98.1m 0.54% Reduced -9.0k -9,011
49 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 2,872,7092.9m $97.2m $97.2m 0.02% Added +24.2k +24,170
50 Berger Financial Group, Inc 4.92% of their portfolio PLYMOUTH, MN 2,842,4532.8m $96.2m $96.2m 4.92% Added +244.7k +244,735
51 Kestra Advisory Services, LLC 0.29% of their portfolio AUSTIN, TX 2,689,9622.7m $91.0m $91.0m 0.29% Added +314.3k +314,343
52 ASSETMARK, INC 0.15% of their portfolio CONCORD, CA 2,587,7332.6m $87.6m $87.6m 0.15% Reduced -321.1k -321,146
53 ANGELES WEALTH MANAGEMENT, LLC 3.75% of their portfolio SANTA MONICA, CA 2,425,8442.4m $82.1m $82.1m 3.75% Added +66.1k +66,108
54 Charles Schwab Trust Co 4.36% of their portfolio HENDERSON, NV 2,310,6542.3m $78.2m $78.2m 4.36% Added +385.8k +385,751
55 Integrated Wealth Concepts LLC 0.37% of their portfolio WALTHAM, MA 2,262,5432.3m $76.6m $76.6m 0.37% Added +634.5k +634,489
56 HRC WEALTH MANAGEMENT, LLC 30.99% of their portfolio Moscow, ID 2,238,6452.2m $75.8m $75.8m 30.99% Reduced -10.7k -10,709
57 STIFEL FINANCIAL CORP 0.06% of their portfolio ST. LOUIS, MO 2,221,3852.2m $75.2m $75.2m 0.06% Added +119.8k +119,755
58 Koshinski Asset Management, Inc. 3.96% of their portfolio DECATUR, IL 2,196,6632.2m $74.3m $74.3m 3.96% Added +66.7k +66,685
59 Prime Capital Investment Advisors, LLC 0.70% of their portfolio OVERLAND PARK, KS 2,128,6652.1m $72.0m $72.0m 0.70% Reduced -55.7k -55,689
60 MAI Capital Management 0.27% of their portfolio INDEPENDENCE, OH 2,095,7212.1m $70.9m $70.9m 0.27% Reduced -9.8k -9,837
61 Compound Planning, Inc. 1.85% of their portfolio NEW YORK, NY 2,094,0062.1m $70.9m $70.9m 1.85% Added +69.1k +69,142
62 EXCHANGE TRADED CONCEPTS, LLC 0.34% of their portfolio Oklahoma City, OK 2,056,8972.1m $69.6m $69.6m 0.34% Added +285.3k +285,318
63 Nadler Financial Group, Inc. 5.80% of their portfolio DEERFIELD, IL 2,021,7472.0m $68.4m $68.4m 5.80% Added +58.3k +58,341
64 BlueStem Wealth Partners, LLC 6.49% of their portfolio MINNETONKA, MN 1,924,7601.9m $65.1m $65.1m 6.49% Reduced -835.8k -835,763
65 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.11% of their portfolio PLYMOUTH, MN 1,892,3401.9m $65.6m $65.6m 0.11% Added +43.1k +43,073
66 Belpointe Asset Management LLC 2.08% of their portfolio RENO, NV 1,885,4061.9m $63.8m $63.8m 2.08% Added +21.1k +21,121
67 Kelman-Lazarov, Inc. 8.34% of their portfolio MEMPHIS, TN 1,882,1991.9m $63.7m $63.7m 8.34% Added +11.3k +11,273
68 Brio Consultants, LLC 7.46% of their portfolio SAN FRANCISCO, CA 1,880,1761.9m $63.6m $63.6m 7.46% Added +10.4k +10,372
69 Bleakley Financial Group, LLC 0.80% of their portfolio PARSIPPANY, NJ 1,855,5931.9m $62.8m $62.8m 0.80% Added +7.9k +7,930
70 Merit Financial Group, LLC 0.38% of their portfolio ALPHARETTA, GA 1,817,5771.8m $61.5m $61.5m 0.38% Added +15.1k +15,096
71 World Investment Advisors 0.89% of their portfolio LINCROFT, NJ 1,790,6651.8m $53.7m $53.7m 0.89% Reduced -8.2k -8,198
72 Black Diamond Financial, LLC 5.31% of their portfolio TOWSON, MD 1,780,4621.8m $60.3m $60.3m 5.31% Added +520.3k +520,289
73 Northern Capital Management, Inc. 25.68% of their portfolio SPOKANE, WA 1,779,8761.8m $60.2m $60.2m 25.68% Added +18.8k +18,752
74 Main Street Financial Solutions, LLC 3.85% of their portfolio NEWTOWN, PA 1,771,5941.8m $60.0m $60.0m 3.85% Added +36.1k +36,113
75 Midwest Trust Co 0.68% of their portfolio Overland Park, KS 1,761,2521.8m $59.6m $59.6m 0.68% Reduced -34.8k -34,826
76 Midwest Capital Advisors, LLC 23.91% of their portfolio Grand Rapids, MI 1,739,5711.7m $58.9m $58.9m 23.91% Added +448.2k +448,234
77 HB Wealth Management, LLC 0.33% of their portfolio Atlanta, GA 1,723,8741.7m $58.3m $58.3m 0.33% Reduced -14.0k -13,985
78 LOWE BROCKENBROUGH & CO INC 2.58% of their portfolio RICHMOND, VA 1,713,3421.7m $58.0m $58.0m 2.58% Added +166.5k +166,470
79 XML Financial, LLC 4.14% of their portfolio BETHESDA, MD 1,683,3811.7m $57.0m $57.0m 4.14% Added +52.2k +52,224
80 Schneider Downs Wealth Management Advisors, LP 5.34% of their portfolio Pittsburgh, PA 1,680,0651.7m $56.9m $56.9m 5.34% Added +39.4k +39,403
81 AFFINITY WEALTH LLC 30.16% of their portfolio CANTON, OH 1,659,3451.7m $56.2m $56.2m 30.16% Added +105.0k +104,998
82 Savant Capital, LLC 0.15% of their portfolio ROCKFORD, IL 1,638,5681.6m $52.6m $52.6m 0.15% Added +946.4k +946,420
83 JONES FINANCIAL COMPANIES LLLP 0.02% of their portfolio DES PERES, MO 1,626,1521.6m $53.4m $53.4m 0.02% Added +226.7k +226,697
84 BURKETT FINANCIAL SERVICES, LLC 17.10% of their portfolio ROCK HILL, SC 1,615,1001.6m $54.7m $54.7m 17.10% Reduced -17.4k -17,428
85 Cornerstone Wealth Advisors, Inc. 11.28% of their portfolio EDINA, MN 1,590,6381.6m $53.8m $53.8m 11.28% Reduced -35.9k -35,850
86 CAPTRUST FINANCIAL ADVISORS 0.08% of their portfolio RALEIGH, NC 1,588,0571.6m $53.7m $53.7m 0.08% Added +175.8k +175,803
87 Envestnet Portfolio Solutions, Inc. 0.26% of their portfolio BERWYN, PA 1,573,1411.6m $53.2m $53.2m 0.26% Reduced -155.7k -155,739
88 SOUTHERN MICHIGAN BANK & TRUST 18.69% of their portfolio COLDWATER, MI 1,553,2921.6m $52.6m $52.6m 18.69% Added +10.7k +10,699
89 Focus Partners Advisor Solutions, LLC 0.45% of their portfolio SAINT LOUIS, MO 1,552,9511.6m $52.6m $52.6m 0.45% Added +109.0k +109,029
90 Ausdal Financial Partners, Inc. 2.03% of their portfolio Davenport, IA 1,529,1241.5m $51.7m $51.7m 2.03% Added +124.2k +124,184
91 SUMMIT WEALTH & RETIREMENT PLANNING, INC. 10.91% of their portfolio EAGLE, ID 1,522,0321.5m $51.5m $51.5m 10.91% Added +4.6k +4,593
92 Tradition Wealth Management, LLC 3.09% of their portfolio EDINA, MN 1,491,1281.5m $50.5m $50.5m 3.09% Added +26.1k +26,054
93 GHP Investment Advisors, Inc. 1.83% of their portfolio Denver, CO 1,468,7551.5m $49.7m $49.7m 1.83% Added +6.5k +6,539
94 Triton Wealth Management, PLLC 15.41% of their portfolio SUN CITY, AZ 1,465,4781.5m $50.2m $50.2m 15.41% Reduced -41.3k -41,306
95 Summit Asset Management, LLC 6.21% of their portfolio MEMPHIS, TN 1,431,6901.4m $48.4m $48.4m 6.21% Reduced -12.3k -12,284
96 PRINCIPAL SECURITIES, INC. 0.58% of their portfolio DES MOINES, IA 1,417,6271.4m $48.0m $48.0m 0.58% Reduced -57.1k -57,053
97 DRAVO BAY LLC 16.54% of their portfolio REHOBOTH BEACH, DE 1,412,7171.4m $47.8m $47.8m 16.54% Added +137.3k +137,284
98 Goepper Burkhardt LLC 14.35% of their portfolio GREENVILLE, SC 1,412,5251.4m $47.8m $47.8m 14.35% Added +12.5k +12,462
99 Visionary Wealth Advisors 1.87% of their portfolio O'FALLON, IL 1,402,7261.4m $47.5m $47.5m 1.87% Added +35.7k +35,732
100 Veery Capital, LLC 12.56% of their portfolio Wilmington, DE 1,382,1831.4m $46.8m $46.8m 12.56% Added +31.3k +31,310