Vault-13

SCHWAB STRATEGIC TR SCHV

US LCAP VA ETF · ETP · CUSIP 808524409

932 institutional holders +63 vs Q3 2025
358,375,134358.4m shares reported held*
$10.6bnreported value*
61 new 349 added 289 reduced 42 sold out net bought ≈ $177.3m (+6.0m 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 ($11.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $29.64. Options: 1 managers hold calls ($193.3k notional), 0 hold puts (—).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

05001kQ3 22: 641Q4 22: 697Q1 23: 694Q2 23: 688Q3 23: 651Q4 23: 730Q1 24: 755Q2 24: 766Q3 24: 788Q4 24: 827Q1 25: 846Q2 25: 883Q3 25: 869Q4 25: 932932Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 2022641
Q4 2022697
Q1 2023694
Q2 2023688
Q3 2023651
Q4 2023730
Q1 2024755
Q2 2024766
Q3 2024788
Q4 2024827
Q1 2025846
Q2 2025883
Q3 2025869
Q4 2025932

Buyers vs sellers

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

Bought or addedCut or sold out
5000500Q1 24: 308 bought or addedQ1 24: 343 cut or sold outQ2 24: 256 bought or addedQ2 24: 346 cut or sold outQ2 24Q3 24: 336 bought or addedQ3 24: 302 cut or sold outQ4 24: 337 bought or addedQ4 24: 338 cut or sold outQ4 24Q1 25: 391 bought or addedQ1 25: 328 cut or sold outQ2 25: 417 bought or addedQ2 25: 320 cut or sold outQ2 25Q3 25: 388 bought or addedQ3 25: 353 cut or sold outQ4 25: 410 bought or addedQ4 25: 331 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024308343
Q2 2024256346
Q3 2024336302
Q4 2024337338
Q1 2025391328
Q2 2025417320
Q3 2025388353
Q4 2025410331

Calls vs puts

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

CallsPuts
$0$50k$100k$150k$200kQ1 25 calls: $0Q1 25 puts: $0Q1 25P/C —Q2 25 calls: $0Q2 25 puts: $0Q2 25P/C —Q3 25 calls: $0Q3 25 puts: $0Q3 25P/C —Q4 25 calls: $193.3kQ4 25 puts: $0Q4 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q1 2025$0$0—
Q2 2025$0$0—
Q3 2025$0$0—
Q4 2025$193.3k$00.00

Biggest buyers

Creative Planning Added +2,235,847+2.2m
SEI INVESTMENTS CO Added +1,425,827+1.4m
AMERIPRISE FINANCIAL INC Added +1,280,732+1.3m
MATHER GROUP, LLC. Added +1,023,339+1.0m
World Investment Advisors Added +846,224+846.2k
Global Retirement Partners, LLC Added +789,636+789.6k
Thrivent Financial for Lutherans Added +779,645+779.6k
Cetera Investment Advisers Added +615,249+615.2k
Cape Investment Advisory, Inc. Added +587,699+587.7k
rebel Financial LLC Added +468,644+468.6k

Biggest sellers

WELLINGTON MANAGEMENT GROUP LLP Sold out -2,361,457-2.4m
Financial Engines Advisors L.L.C. Reduced -1,124,842-1.1m
JPMORGAN CHASE & CO Reduced -1,041,579-1.0m
FINANCIAL COUNSELORS INC Sold out -730,386-730.4k
Gemmer Asset Management LLC Reduced -648,510-648.5k
JBGlobal.com LLC Sold out -588,401-588.4k
LPL Financial LLC Reduced -529,558-529.6k
OSAIC HOLDINGS, INC. Reduced -456,487-456.5k
Murphy, Middleton, Hinkle & Parker, Inc. Sold out -306,126-306.1k
Total Wealth Planning, LLC Reduced -293,554-293.6k

Biggest calls

Burns Matteson Capital Management, LLC New $193.3k3.0k shares

Biggest puts

None

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, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Financial Engines Advisors L.L.C. 2.85% of their portfolio SANTA CLARA, CA 50,764,10750.8m $1.5bn $1.5bn 2.85% Reduced -1.1m -1,124,842
2 SEI INVESTMENTS CO 1.34% of their portfolio OAKS, PA 45,783,12245.8m $1.4bn $1.4bn 1.34% Added +1.4m +1,425,827
3 MATHER GROUP, LLC. 10.71% of their portfolio CHICAGO, IL 35,128,77735.1m $1.0bn $1.0bn 10.71% Added +1.0m +1,023,339
4 ENVESTNET ASSET MANAGEMENT INC 0.15% of their portfolio Berwyn, PA 16,612,12316.6m $491.9m $491.9m 0.15% Reduced -74.6k -74,604
5 OSAIC HOLDINGS, INC. 0.50% of their portfolio SCOTTSDALE, AZ 11,602,78211.6m $343.6m $343.6m 0.50% Reduced -456.5k -456,487
6 Avantax Planning Partners, Inc. 8.44% of their portfolio DUBUQUE, IA 10,187,90710.2m $301.7m $301.7m 8.44% Added +108.1k +108,122
7 Mariner, LLC 0.32% of their portfolio Overland Park, KS 9,103,0289.1m $269.5m $269.5m 0.32% Added +329.6k +329,550
8 VANTAGEPOINT INVESTMENT ADVISERS LLC 2.03% of their portfolio WASHINGTON, DC 8,516,8038.5m $252.2m $252.2m 2.03% Added +66.8k +66,800
9 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.26% of their portfolio PLYMOUTH, MN 6,372,4106.4m $194.2m $194.2m 0.26% Reduced -208.8k -208,819
10 MONETA GROUP INVESTMENT ADVISORS LLC 1.06% of their portfolio ST LOUIS, MO 4,721,3854.7m $139.8m $139.8m 1.06% Reduced -13.1k -13,105
11 Betterment LLC 0.23% of their portfolio NEW YORK, NY 4,117,6654.1m $121.9m $121.9m 0.23% Reduced -133.8k -133,784
12 Gemmer Asset Management LLC 8.40% of their portfolio WALNUT CREEK, CA 3,683,1183.7m $109.1m $109.1m 8.40% Reduced -648.5k -648,510
13 Cetera Investment Advisers 0.12% of their portfolio SCHAUMBURG, IL 3,614,3163.6m $107.0m $107.0m 0.12% Added +615.2k +615,249
14 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 3,251,5393.3m $96.3m $96.3m 0.03% Reduced -529.6k -529,558
15 Savant Capital, LLC 0.54% of their portfolio ROCKFORD, IL 3,190,2423.2m $94.5m $94.5m 0.54% Reduced -157.7k -157,725
16 Mokosak Advisory Group, LLC 22.65% of their portfolio URBANDALE, IA 3,048,4613.0m $90.3m $90.3m 22.65% Added +100.2k +100,168
17 Creative Planning 0.06% of their portfolio OVERLAND PARK, KS 3,029,3643.0m $89.7m $89.7m 0.06% Added +2.2m +2,235,847
18 RAINEY & RANDALL WEALTH ADVISORS INC. 14.39% of their portfolio Celebration, FL 2,977,8723.0m $88.2m $88.2m 14.39% Added +31.2k +31,180
19 Krilogy Financial LLC 3.00% of their portfolio ST. LOUIS, MO 2,858,2092.9m $88.3m $88.3m 3.00% Added +286.1k +286,147
20 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 2,790,9002.8m $82.5m $82.5m 0.02% Added +1.3m +1,280,732
21 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,766,5502.8m $81.9m $81.9m 0.00% Added +152.7k +152,662
22 HighTower Advisors, LLC 0.09% of their portfolio CHICAGO, IL 2,657,0362.7m $78.7m $78.7m 0.09% Added +41.4k +41,382
23 UBS Group AG 0.01% of their portfolio ZURICH, V8 2,476,8002.5m $73.3m $73.3m 0.01% Reduced -27.5k -27,504
24 Compound Planning, Inc. 1.83% of their portfolio NEW YORK, NY 2,093,2432.1m $62.0m $62.0m 1.83% Added +2.6k +2,555
25 Cooper Financial Group 6.49% of their portfolio IRVINE, CA 2,061,5212.1m $61.0m $61.0m 6.49% Added +100.7k +100,732
26 EXCHANGE TRADED CONCEPTS, LLC 0.50% of their portfolio Oklahoma City, OK 2,035,2862.0m $60.3m $60.3m 0.50% Added +208.2k +208,237
27 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,896,8361.9m $56.2m $56.2m 0.00% Added +73.7k +73,727
28 CX Institutional 1.63% of their portfolio AUBURN, IN 1,848,3721.8m $54.7m $54.7m 1.63% Reduced -40.4k -40,370
29 SUMMIT WEALTH & RETIREMENT PLANNING, INC. 11.90% of their portfolio EAGLE, ID 1,707,3671.7m $50.6m $50.6m 11.90% Added +41.1k +41,098
30 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.30% of their portfolio IRVING, TX 1,663,2831.7m $49.2m $49.2m 0.30% Reduced -26.9k -26,899
31 GenWealth Group, Inc. 8.56% of their portfolio Maplewood, NJ 1,647,9001.6m $50.2m $50.2m 8.56% Added +102.6k +102,606
32 Focus Partners Advisor Solutions, LLC 0.60% of their portfolio SAINT LOUIS, MO 1,646,4931.6m $48.8m $48.8m 0.60% Reduced -132.7k -132,676
33 Thrivent Financial for Lutherans 0.07% of their portfolio Minneapolis, MN 1,379,9081.4m $41.0m $41.0m 0.07% Added +779.6k +779,645
34 Black Diamond Financial, LLC 4.26% of their portfolio TOWSON, MD 1,366,1321.4m $40.5m $40.5m 4.26% Added +90.4k +90,362
35 HRC WEALTH MANAGEMENT, LLC 18.25% of their portfolio Moscow, ID 1,287,1461.3m $38.1m $38.1m 18.25% Reduced -3.2k -3,176
36 DRAVO BAY LLC 15.81% of their portfolio REHOBOTH BEACH, DE 1,284,8211.3m $38.0m $38.0m 15.81% Added +54.5k +54,469
37 Brady Martz Wealth Solutions, LLC 6.41% of their portfolio GRAND FORKS, ND 1,228,7371.2m $36.4m $36.4m 6.41% Reduced -121.5k -121,492
38 MIdWestOne Financial Group, Inc. 3.91% of their portfolio Iowa City, IA 1,189,2681.2m $35.2m $35.2m 3.91% Added +39.3k +39,306
39 Envestnet Portfolio Solutions, Inc. 0.12% of their portfolio BERWYN, PA 1,186,4241.2m $35.1m $35.1m 0.12% Added +40.5k +40,496
40 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,185,2471.2m $35.1m $35.1m 0.00% Reduced -1.0m -1,041,579
41 Summit Asset Management, LLC 4.92% of their portfolio MEMPHIS, TN 1,175,4731.2m $34.8m $34.8m 4.92% Added +63.1k +63,102
42 XML Financial, LLC 2.80% of their portfolio BETHESDA, MD 1,160,9621.2m $34.4m $34.4m 2.80% Reduced -59.6k -59,562
43 Beacon Pointe Advisors, LLC 0.24% of their portfolio NEWPORT BEACH, CA 1,158,5291.2m $34.3m $34.3m 0.24% Added +8.8k +8,829
44 BALLAST ADVISORS LLC 9.27% of their portfolio WOODBURY, MN 1,135,5061.1m $33.6m $33.6m 9.27% Reduced -14.1k -14,074
45 Veery Capital, LLC 10.32% of their portfolio Wilmington, DE 1,135,2731.1m $33.6m $33.6m 10.32% Added +1.6k +1,583
46 Northern Capital Management, Inc. 17.38% of their portfolio SPOKANE, WA 1,110,7911.1m $32.9m $32.9m 17.38% Reduced -29.6k -29,573
47 FAS Wealth Partners, Inc. 2.11% of their portfolio LEAWOOD, KS 1,100,1451.1m $32.6m $32.6m 2.11% Reduced -18.3k -18,333
48 Midwest Trust Co 0.41% of their portfolio Overland Park, KS 1,096,7941.1m $32.5m $32.5m 0.41% Added +174.7k +174,676
49 MML INVESTORS SERVICES, LLC 0.08% of their portfolio SPRINGFIELD, MA 1,065,7071.1m $31.6m $31.6m 0.08% Added +206.0k +205,994
50 Dodds Wealth, LLC 7.72% of their portfolio GREENWOOD VILLAGE, CO 1,063,2701.1m $31.5m $31.5m 7.72% Reduced -34.3k -34,344
51 OneDigital Investment Advisors LLC 0.30% of their portfolio OVERLAND PARK, KS 1,041,6031.0m $30.8m $30.8m 0.30% Reduced -39.7k -39,677
52 Financial Advisors Network, Inc. 4.22% of their portfolio TUSTIN, CA 1,038,9921.0m $30.8m $30.8m 4.22% Added +55.2k +55,189
53 GHP Investment Advisors, Inc. 1.23% of their portfolio Denver, CO 1,006,3081.0m $29.8m $29.8m 1.23% Added +5.2k +5,244
54 MAI Capital Management 0.17% of their portfolio INDEPENDENCE, OH 1,006,0751.0m $29.8m $29.8m 0.17% Added +12.4k +12,405
55 World Investment Advisors 0.48% of their portfolio LINCROFT, NJ 980,974981.0k $29.0m $29.0m 0.48% Added +846.2k +846,224
56 Ally Invest Advisors Inc. 1.95% of their portfolio CHARLOTTE, NC 952,375952.4k $28.2m $28.2m 1.95% Added +23.6k +23,606
57 Cerity Partners LLC 0.04% of their portfolio NEW YORK, NY 944,145944.1k $28.0m $28.0m 0.04% Reduced -12.1k -12,133
58 Tradition Wealth Management, LLC 1.99% of their portfolio EDINA, MN 934,474934.5k $27.7m $27.7m 1.99% Reduced -8.0k -7,974
59 Serenity Investment Advisors 15.72% of their portfolio CHICAGO, IL 886,107886.1k $26.9m $26.9m 15.72% First filing
60 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 878,859878.9k $26.0m $26.0m 0.01% Added +45.6k +45,603
61 Global Retirement Partners, LLC 0.46% of their portfolio San Rafael, CA 875,261875.3k $25.9m $25.9m 0.46% Added +789.6k +789,636
62 Persium Advisors, LLC 18.27% of their portfolio ATLANTA, GA 845,184845.2k $25.0m $25.0m 18.27% Added +23.5k +23,520
63 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 842,188842.2k $24.9m $24.9m 0.01% Added +290.8k +290,764
64 KRM WEALTH MANAGEMENT L.L.C. 13.04% of their portfolio RENO, NV 803,337803.3k $23.8m $23.8m 13.04% First filing
65 Merit Financial Group, LLC 0.19% of their portfolio ALPHARETTA, GA 802,671802.7k $23.8m $23.8m 0.19% Reduced -12.3k -12,321
66 SAGE FINANCIAL GROUP INC 1.53% of their portfolio W. CONSHOHOCKEN, PA 781,637781.6k $23.1m $23.1m 1.53% Added +2.7k +2,665
67 Cambridge Investment Research Advisors, Inc. 0.06% of their portfolio FAIRFIELD, IA 772,039772.0k $22.9m $22.9m 0.06% Added +100.9k +100,881
68 Meriwether Wealth & Planning, LLC 12.75% of their portfolio MINDEN, LA 763,768763.8k $22.6m $22.6m 12.75% Added +28.2k +28,226
69 Noble Family Wealth, LLC 4.55% of their portfolio Clearwater, FL 729,490729.5k $21.6m $21.6m 4.55% Reduced -3.8k -3,833
70 Focus Financial Network, Inc. 0.74% of their portfolio MINNEAPOLIS, MN 714,681714.7k $21.2m $21.2m 0.74% Reduced -25.8k -25,803
71 Prime Capital Investment Advisors, LLC 0.26% of their portfolio OVERLAND PARK, KS 708,702708.7k $21.0m $21.0m 0.26% Reduced -68.4k -68,406
72 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 702,454702.5k $20.8m $20.8m 0.00% Added +57.7k +57,728
73 USAdvisors Wealth Management, LLC 6.83% of their portfolio EDEN PRAIRIE, MN 700,116700.1k $20.7m $20.7m 6.83% Added +63.6k +63,563
74 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 0.31% of their portfolio MINNEAPOLIS, MN 697,653697.7k $20.7m $20.7m 0.31% Reduced -22.2k -22,205
75 Ethos Financial Group, LLC 1.49% of their portfolio KING OF PRUSSIA, PA 682,207682.2k $20.2m $20.2m 1.49% Added +6.3k +6,318
76 KEELER & NADLER FINANCIAL PLANNING & WEALTH MANAGEMENT 6.98% of their portfolio Dublin, OH 680,325680.3k $20.1m $20.1m 6.98% Added +30.7k +30,716
77 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 672,855672.9k $19.9m $19.9m 0.01% Reduced -11.2k -11,245
78 Denver PWM, LLC 6.12% of their portfolio DENVER, CO 661,822661.8k $18.3m $18.3m 6.12% Unchanged
79 Seneca Financial Advisors LLC 5.88% of their portfolio ROCHESTER, NY 652,944652.9k $19.3m $19.3m 5.88% Added +18.2k +18,214
80 LCNB CORP 6.48% of their portfolio LEBANON, OH 652,830652.8k $19.3m $19.3m 6.48% Reduced -228 -228
81 Focus Partners Wealth 0.02% of their portfolio ST LOUIS, MO 651,288651.3k $19.3m $19.3m 0.02% Added +379.7k +379,690
82 CAPTRUST FINANCIAL ADVISORS 0.04% of their portfolio RALEIGH, NC 650,150650.1k $19.3m $19.3m 0.04% Reduced -5.8k -5,797
83 Cornerstone Wealth Advisors, Inc. 4.33% of their portfolio EDINA, MN 628,884628.9k $18.6m $18.6m 4.33% Added +30.8k +30,774
84 Perigon Wealth Management, LLC 0.33% of their portfolio SAN FRANCISCO, CA 613,657613.7k $18.2m $18.2m 0.33% Added +11.7k +11,685
85 Kestra Advisory Services, LLC 0.07% of their portfolio AUSTIN, TX 607,977608.0k $18.0m $18.0m 0.07% Added +18.8k +18,776
86 Northeast Financial Group, Inc. 4.51% of their portfolio Allentown, PA 606,420606.4k $18.0m $18.0m 4.51% Added +15.8k +15,821
87 Garde Capital, Inc. 1.06% of their portfolio SEATTLE, WA 603,074603.1k $17.9m $17.9m 1.06% Reduced -7.4k -7,388
88 Mutual Advisors, LLC 0.38% of their portfolio OMAHA, NE 599,323599.3k $17.7m $17.7m 0.38% Reduced -7.0k -7,011
89 Cape Investment Advisory, Inc. 5.44% of their portfolio MCDONOUGH, GA 597,832597.8k $17.7m $17.7m 5.44% Added +587.7k +587,699
90 Waverly Advisors, LLC 0.14% of their portfolio BIRMINGHAM, AL 585,383585.4k $17.3m $17.3m 0.14% Reduced -4.6k -4,636
91 Whitaker-Myers Wealth Managers, LTD. 3.42% of their portfolio Mansfield, OH 553,330553.3k $16.4m $16.4m 3.42% Added +36.5k +36,507
92 Seek First Inc. 11.04% of their portfolio Campbell, CA 540,874540.9k $16.0m $16.0m 11.04% Added +8.0k +7,970
93 Payne Capital Management, LLC 4.95% of their portfolio New York, NY 529,661529.7k $15.7m $15.7m 4.95% Added +21.9k +21,904
94 Global Strategic Investment Solutions, LLC 1.53% of their portfolio Scottsdale, AZ 527,995528.0k $15.6m $15.6m 1.53% Reduced -7.2k -7,155
95 Farther Finance Advisors, LLC 0.16% of their portfolio SAN FRANCISCO, CA 507,880507.9k $15.0m $15.0m 0.16% Added +109.0k +108,980
96 Martel Wealth Advisors LLC 2.52% of their portfolio VANCOUVER, WA 498,411498.4k $14.8m $14.8m 2.52% Reduced -4.8k -4,849
97 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 485,323485.3k $14.4m $14.4m 0.02% Reduced -69.6k -69,585
98 YANKCOM Partnership 5.92% of their portfolio Yankton, SD 470,368470.4k $13.9m $13.9m 5.92% Added +20.6k +20,582
99 rebel Financial LLC 5.93% of their portfolio GROVEPORT, OH 468,644468.6k $13.9m $13.9m 5.93% Added +468.6k +468,644
100 MERCER GLOBAL ADVISORS INC /ADV 0.02% of their portfolio DENVER, CO 435,362435.4k $12.9m $12.9m 0.02% Added +88.8k +88,829