Vault-13

SCHWAB STRATEGIC TR SCHM

US MID-CAP ETF · ETP · CUSIP 808524508

946 institutional holders -1 vs Q2 2025
274,538,146274.5m shares reported held*
$8.1bnreported value*
62 new 334 added 399 reduced 52 sold out net sold ≈ $27.9m (-971.1k 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 ($18.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $29.66. Options: 2 managers hold calls ($14.2m notional), 0 hold puts (—).

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

05001kQ3 22: 722Q4 22: 779Q1 23: 784Q2 23: 785Q3 23: 779Q4 23: 856Q1 24: 862Q2 24: 861Q3 24: 887Q4 24: 935Q1 25: 916Q2 25: 947Q3 25: 946946Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 2022722
Q4 2022779
Q1 2023784
Q2 2023785
Q3 2023779
Q4 2023856
Q1 2024862
Q2 2024861
Q3 2024887
Q4 2024935
Q1 2025916
Q2 2025947
Q3 2025946

Buyers vs sellers

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

Bought or addedCut or sold out
5000500Q4 23: 361 bought or addedQ4 23: 354 cut or sold outQ1 24: 370 bought or addedQ1 24: 401 cut or sold outQ1 24Q2 24: 323 bought or addedQ2 24: 402 cut or sold outQ3 24: 391 bought or addedQ3 24: 374 cut or sold outQ3 24Q4 24: 385 bought or addedQ4 24: 403 cut or sold outQ1 25: 373 bought or addedQ1 25: 442 cut or sold outQ1 25Q2 25: 406 bought or addedQ2 25: 428 cut or sold outQ3 25: 396 bought or addedQ3 25: 451 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 2023361354
Q1 2024370401
Q2 2024323402
Q3 2024391374
Q4 2024385403
Q1 2025373442
Q2 2025406428
Q3 2025396451

Calls vs puts

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

CallsPuts
$0$5m$10m$15m$20mQ4 24 calls: $11.0mQ4 24 puts: $30.5kQ4 24P/C 0.00Q1 25 calls: $17.6mQ1 25 puts: $143.3kQ1 25P/C 0.01Q2 25 calls: $13.0mQ2 25 puts: $0Q2 25P/C 0.00Q3 25 calls: $14.2mQ3 25 puts: $0Q3 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q4 2024$11.0m$30.5k0.00
Q1 2025$17.6m$143.3k0.01
Q2 2025$13.0m$00.00
Q3 2025$14.2m$00.00

Biggest buyers

Thrivent Financial for Lutherans Added +1,856,108+1.9m
MORGAN STANLEY Added +827,568+827.6k
Advisory Alpha, LLC Added +568,609+568.6k
JPMORGAN CHASE & CO Added +559,938+559.9k
MONETA GROUP INVESTMENT ADVISORS LLC Added +555,701+555.7k
Cetera Investment Advisers Added +490,329+490.3k
Lido Advisors, LLC Added +292,707+292.7k
JONES FINANCIAL COMPANIES LLLP Added +257,268+257.3k
CHARLES SCHWAB INVESTMENT MANAGEMENT INC Added +237,584+237.6k
OSAIC HOLDINGS, INC. Added +236,203+236.2k

Biggest sellers

Financial Engines Advisors L.L.C. Reduced -1,543,182-1.5m
ENVESTNET ASSET MANAGEMENT INC Reduced -837,434-837.4k
Elwood & Goetz Wealth Advisory Group, LLC Reduced -668,568-668.6k
Cerity Partners LLC Reduced -567,574-567.6k
MERCER GLOBAL ADVISORS INC /ADV Reduced -424,636-424.6k
Gemmer Asset Management LLC Reduced -414,878-414.9k
Richardson Capital Management LLC Reduced -407,762-407.8k
Rockefeller Capital Management L.P. Reduced -383,744-383.7k
ROYAL BANK OF CANADA Reduced -260,896-260.9k
Cape Investment Advisory, Inc. Reduced -206,839-206.8k

Biggest calls

SIMPLEX TRADING, LLC Added $14.0m502.2k shares
CITADEL ADVISORS LLC Reduced $251.9k8.5k 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, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Financial Engines Advisors L.L.C. 3.33% of their portfolio SANTA CLARA, CA 58,809,14258.8m $1.7bn $1.7bn 3.33% Reduced -1.5m -1,543,182
2 Creative Planning 0.67% of their portfolio OVERLAND PARK, KS 29,528,01929.5m $875.2m $875.2m 0.67% Reduced -75.6k -75,571
3 HighTower Advisors, LLC 0.36% of their portfolio CHICAGO, IL 10,782,57510.8m $319.6m $319.6m 0.36% Added +198.8k +198,793
4 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.21% of their portfolio MILWAUKEE, WI 10,473,14010.5m $310.4m $310.4m 0.21% Added +200.9k +200,917
5 MONETA GROUP INVESTMENT ADVISORS LLC 2.36% of their portfolio ST LOUIS, MO 10,021,29410.0m $297.0m $297.0m 2.36% Added +555.7k +555,701
6 Advisory Alpha, LLC 7.45% of their portfolio HOLLAND, MI 8,942,3098.9m $267.4m $267.4m 7.45% Added +568.6k +568,609
7 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.26% of their portfolio PLYMOUTH, MN 5,733,2535.7m $170.6m $170.6m 0.26% Reduced -64.4k -64,359
8 Cerity Partners LLC 0.26% of their portfolio NEW YORK, NY 5,436,3495.4m $161.1m $161.1m 0.26% Reduced -567.6k -567,574
9 Legacy Wealth Management, LLC 7.34% of their portfolio MEMPHIS, TN 4,204,7354.2m $124.6m $124.6m 7.34% Added +22.8k +22,803
10 JMG Financial Group, Ltd. 2.73% of their portfolio DOWNERS GROVE, IL 3,237,1353.2m $95.9m $95.9m 2.73% Reduced -61.1k -61,062
11 Fragasso Financial Advisors Inc 5.49% of their portfolio SEWICKLEY, PA 2,928,0642.9m $88.0m $88.0m 5.49% Added +19.5k +19,484
12 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,601,0632.6m $77.1m $77.1m 0.00% Added +827.6k +827,568
13 JONES FINANCIAL COMPANIES LLLP 0.05% of their portfolio DES PERES, MO 2,530,5092.5m $74.9m $74.9m 0.05% Added +257.3k +257,268
14 Mariner, LLC 0.08% of their portfolio Overland Park, KS 2,165,4522.2m $64.2m $64.2m 0.08% Added +29.7k +29,653
15 Prime Capital Investment Advisors, LLC 0.73% of their portfolio OVERLAND PARK, KS 1,968,0992.0m $58.3m $58.3m 0.73% Reduced -98.9k -98,857
16 Thrivent Financial for Lutherans 0.11% of their portfolio Minneapolis, MN 1,924,6411.9m $57.0m $57.0m 0.11% Added +1.9m +1,856,108
17 RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio ST. PETERSBURG, FL 1,868,5761.9m $55.4m $55.4m 0.02% Reduced -123.0k -123,016
18 Waverly Advisors, LLC 0.52% of their portfolio BIRMINGHAM, AL 1,749,6821.7m $51.9m $51.9m 0.52% Reduced -31.1k -31,053
19 Summit Financial Strategies, Inc. 4.38% of their portfolio Columbus, OH 1,723,0951.7m $51.1m $51.1m 4.38% Reduced -90.2k -90,220
20 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 1,634,6591.6m $48.5m $48.5m 0.01% Added +361 +361
21 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 1,474,0161.5m $43.7m $43.7m 0.01% Reduced -171.1k -171,054
22 Advocacy Wealth Management, LLC 1.90% of their portfolio ATLANTA, GA 1,472,9381.5m $43.7m $43.7m 1.90% Reduced -16.7k -16,667
23 Beacon Pointe Advisors, LLC 0.36% of their portfolio NEWPORT BEACH, CA 1,423,9771.4m $42.2m $42.2m 0.36% Reduced -184.7k -184,672
24 EXENCIAL WEALTH ADVISORS, LLC 1.35% of their portfolio OKLAHOMA CITY, OK 1,396,4821.4m $41.4m $41.4m 1.35% Added +106.5k +106,485
25 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 1,360,0631.4m $40.3m $40.3m 0.01% Reduced -837.4k -837,434
26 CAPTRUST FINANCIAL ADVISORS 0.08% of their portfolio RALEIGH, NC 1,358,5641.4m $40.3m $40.3m 0.08% Added +21.3k +21,329
27 Summit Asset Management, LLC 5.65% of their portfolio MEMPHIS, TN 1,239,8291.2m $36.7m $36.7m 5.65% Reduced -5.0k -4,978
28 BLB&B Advisors, LLC 1.58% of their portfolio MONTGOMERYVILLE, PA 1,238,5951.2m $36.7m $36.7m 1.58% Reduced -9.4k -9,371
29 MERCER GLOBAL ADVISORS INC /ADV 0.06% of their portfolio DENVER, CO 1,153,7441.2m $34.2m $34.2m 0.06% Reduced -424.6k -424,636
30 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,125,5341.1m $33.4m $33.4m 0.00% Added +559.9k +559,938
31 Mokosak Advisory Group, LLC 8.50% of their portfolio URBANDALE, IA 1,096,0691.1m $32.5m $32.5m 8.50% Added +16.6k +16,604
32 Cetera Investment Advisers 0.04% of their portfolio SCHAUMBURG, IL 1,050,9871.1m $31.2m $31.2m 0.04% Added +490.3k +490,329
33 Gemmer Asset Management LLC 2.38% of their portfolio WALNUT CREEK, CA 993,325993.3k $29.4m $29.4m 2.38% Reduced -414.9k -414,878
34 SAGE FINANCIAL GROUP INC 1.94% of their portfolio W. CONSHOHOCKEN, PA 961,762961.8k $28.5m $28.5m 1.94% Added +11.6k +11,595
35 UBS Group AG 0.01% of their portfolio ZURICH, V8 954,255954.3k $28.3m $28.3m 0.01% Added +7.9k +7,922
36 Dynamic Advisor Solutions LLC 0.80% of their portfolio PHOENIX, AZ 932,529932.5k $27.6m $27.6m 0.80% Reduced -27.3k -27,331
37 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 880,376880.4k $26.1m $26.1m 0.00% Reduced -22.2k -22,207
38 High Note Wealth, LLC 5.20% of their portfolio DEEPHAVEN, MN 874,234874.2k $25.9m $25.9m 5.20% Added +25.1k +25,147
39 Curi Capital, LLC 0.47% of their portfolio CHICAGO, IL 871,007871.0k $25.8m $25.8m 0.47% Reduced -45.1k -45,092
40 Chicago Partners Investment Group LLC 0.67% of their portfolio CHICAGO, IL 858,778858.8k $25.7m $25.7m 0.67% Added +78.2k +78,192
41 Northeast Financial Group, Inc. 6.27% of their portfolio Allentown, PA 850,051850.1k $25.2m $25.2m 6.27% Added +6.1k +6,058
42 Cambridge Investment Research Advisors, Inc. 0.07% of their portfolio FAIRFIELD, IA 836,304836.3k $24.8m $24.8m 0.07% Reduced -12.0k -12,019
43 IFP Advisors, Inc 0.60% of their portfolio TAMPA, FL 782,813782.8k $23.2m $23.2m 0.60% Reduced -1.9k -1,910
44 RKL Wealth Management LLC 1.92% of their portfolio LANCASTER, PA 761,764761.8k $22.6m $22.6m 1.92% Reduced -69.8k -69,784
45 Modera Wealth Management, LLC 0.26% of their portfolio WESTWOOD, NJ 750,944750.9k $22.3m $22.3m 0.26% Reduced -41.8k -41,816
46 OneDigital Investment Advisors LLC 0.23% of their portfolio OVERLAND PARK, KS 743,962744.0k $22.1m $22.1m 0.23% Reduced -39.0k -39,015
47 Corient Private Wealth LP 0.03% of their portfolio MIAMI, FL 733,670733.7k $21.7m $21.7m 0.03% Added +92.3k +92,293
48 Koshinski Asset Management, Inc. 1.42% of their portfolio DECATUR, IL 710,849710.8k $21.1m $21.1m 1.42% Added +19.4k +19,405
49 Compass Advisory Group LLC 5.89% of their portfolio MELVILLE, NY 707,937707.9k $21.0m $21.0m 5.89% Added +26.3k +26,263
50 Seneca Financial Advisors LLC 6.74% of their portfolio ROCHESTER, NY 696,167696.2k $20.6m $20.6m 6.74% Added +100.1k +100,076
51 Lutz Financial Services LLC 1.45% of their portfolio OMAHA, NE 674,981675.0k $20.0m $20.0m 1.45% Reduced -13.7k -13,661
52 Noble Family Wealth, LLC 4.40% of their portfolio Clearwater, FL 672,921672.9k $19.9m $19.9m 4.40% Reduced -4.2k -4,248
53 BERKSHIRE ASSET MANAGEMENT LLC/PA 0.84% of their portfolio WILKES BARRE, PA 669,359669.4k $19.8m $19.8m 0.84% Added +14.2k +14,152
54 Denver PWM, LLC 5.69% of their portfolio DENVER, CO 651,013651.0k $18.3m $18.3m 5.69% Added +211 +211
55 Focus Partners Wealth 0.03% of their portfolio ST LOUIS, MO 642,184642.2k $19.0m $19.0m 0.03% Added +31.6k +31,582
56 Essex LLC 3.42% of their portfolio DEER PARK, IL 637,611637.6k $18.9m $18.9m 3.42% Added +9.8k +9,796
57 SALEM INVESTMENT COUNSELORS INC 0.54% of their portfolio WINSTON-SALEM, NC 634,553634.6k $18.8m $18.8m 0.54% Added +6.3k +6,298
58 Bleakley Financial Group, LLC 0.43% of their portfolio PARSIPPANY, NJ 631,265631.3k $18.7m $18.7m 0.43% Added +9.8k +9,827
59 Plante Moran Financial Advisors, LLC 1.17% of their portfolio SOUTHFIELD, MI 631,026631.0k $18.7m $18.7m 1.17% Added +4.8k +4,843
60 JOHNSON INVESTMENT COUNSEL INC 0.15% of their portfolio Cincinnati, OH 622,871622.9k $18.5m $18.5m 0.15% Added +11.5k +11,538
61 Bangor Savings Bank 1.53% of their portfolio BANGOR, ME 619,752619.8k $18.4m $18.4m 1.53% Reduced -5.9k -5,901
62 MARSHALL FINANCIAL GROUP INC /ADV 4.98% of their portfolio DOYLESTOWN, PA 610,211610.2k $18.1m $18.1m 4.98% Reduced -13.7k -13,666
63 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 587,221587.2k $17.4m $17.4m 0.02% Added +236.2k +236,203
64 FAS Wealth Partners, Inc. 1.14% of their portfolio LEAWOOD, KS 567,539567.5k $16.8m $16.8m 1.14% Added +7.6k +7,638
65 FIRST NATIONAL CORP /MA/ /ADV 3.10% of their portfolio ROCKLAND, MA 548,491548.5k $16.3m $16.3m 3.10% Reduced -6.3k -6,337
66 Asset Management Group, Inc. 2.65% of their portfolio STAMFORD, CT 545,503545.5k $16.2m $16.2m 2.65% Added +2.0k +2,025
67 MAI Capital Management 0.10% of their portfolio INDEPENDENCE, OH 538,272538.3k $16.0m $16.0m 0.10% Added +4.5k +4,456
68 BENJAMIN EDWARDS INC 0.18% of their portfolio Clayton, MO 534,188534.2k $15.8m $15.8m 0.18% Added +36.8k +36,755
69 Sherwood Financial Partners, LLC 13.37% of their portfolio WESTLAKE VILLAGE, CA 517,031517.0k $15.3m $15.3m 13.37% Reduced -3.0k -3,015
70 Triangle Securities Wealth Management 3.47% of their portfolio RALEIGH, NC 516,968517.0k $15.3m $15.3m 3.47% Reduced -1.5k -1,459
71 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 512,014512.0k $15.2m $15.2m 0.00% Added +7.9k +7,890
72 HORIZON FINANCIAL SERVICES, LLC 7.10% of their portfolio WINSTON SALEM, NC 501,838501.8k $14.9m $14.9m 7.10% Added +29.8k +29,752
73 PITTENGER & ANDERSON INC 0.54% of their portfolio LINCOLN, NE 498,803498.8k $14.8m $14.8m 0.54% Reduced -437 -437
74 HHM Wealth Advisors, LLC 1.71% of their portfolio CHATTANOOGA, TN 498,440498.4k $14.8m $14.8m 1.71% Reduced -1.1k -1,120
75 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 494,825494.8k $14.7m $14.7m 0.00% Reduced -16.5k -16,471
76 Savant Capital, LLC 0.09% of their portfolio ROCKFORD, IL 489,341489.3k $14.5m $14.5m 0.09% Added +2.8k +2,837
77 Curbstone Financial Management Corp 2.77% of their portfolio MANCHESTER, NH 486,619486.6k $14.4m $14.4m 2.77% Reduced -7.2k -7,170
78 Harbor Group, Inc. 2.26% of their portfolio BEDFORD, NH 478,779478.8k $14.2m $14.2m 2.26% Reduced -865 -865
79 Trinity Legacy Partners, LLC 3.25% of their portfolio HOUSTON, TX 477,408477.4k $14.1m $14.1m 3.25% Added +7.2k +7,160
80 Womack Financial LLC 10.48% of their portfolio DALLAS, TX 466,008466.0k $13.8m $13.8m 10.48% Added +23.5k +23,479
81 Courage Miller Partners, LLC 4.11% of their portfolio NORFOLK, VA 463,145463.1k $13.7m $13.7m 4.11% Added +825 +825
82 Spinnaker Investment Group, LLC 2.53% of their portfolio Newport Beach, CA 454,127454.1k $13.5m $13.5m 2.53% Added +42.4k +42,442
83 Clearwater Capital Advisors, LLC 1.14% of their portfolio HOFFMAN ESTATES, IL 450,132450.1k $13.3m $13.3m 1.14% Added +7.1k +7,052
84 IMA Advisory Services, Inc. 1.34% of their portfolio DENVER, CO 447,269447.3k $13.3m $13.3m 1.34% Added +1.1k +1,117
85 Schneider Downs Wealth Management Advisors, LP 1.55% of their portfolio Pittsburgh, PA 441,180441.2k $13.1m $13.1m 1.55% Reduced -4.9k -4,909
86 Clear Creek Financial Management, LLC 1.13% of their portfolio SILVERDALE, WA 438,306438.3k $13.0m $13.0m 1.13% Added +64.1k +64,128
87 Focus Financial Network, Inc. 0.46% of their portfolio MINNEAPOLIS, MN 435,431435.4k $12.9m $12.9m 0.46% Reduced -10.2k -10,163
88 White & Co Financial Planning Inc 9.65% of their portfolio SUNNYSIDE, WA 432,570432.6k $12.8m $12.8m 9.65% Reduced -816 -816
89 LODESTAR PRIVATE ASSET MANAGEMENT LLC 1.28% of their portfolio ALAMO, CA 414,709414.7k $12.3m $12.3m 1.28% Added +25.1k +25,081
90 Fifth Third Securities, Inc. 0.83% of their portfolio Cincinnati, OH 412,116412.1k $12.2m $12.2m 0.83% Added +4.0k +3,962
91 St. Johns Investment Management Company, LLC 5.08% of their portfolio JACKSONVILLE, FL 403,521403.5k $12.0m $12.0m 5.08% Added +13.2k +13,158
92 Pacific Sage Partners, LLC 1.98% of their portfolio EDMONDS, WA 397,956398.0k $11.8m $11.8m 1.98% Reduced -116.2k -116,213
93 Fortis Capital Management LLC 1.65% of their portfolio BELLEVUE, WA 394,341394.3k $11.7m $11.7m 1.65% Added +29.7k +29,694
94 Rockefeller Capital Management L.P. 0.02% of their portfolio NEW YORK, NY 389,060389.1k $11.5m $11.5m 0.02% Reduced -383.7k -383,744
95 Peak Financial Management, Inc. 3.04% of their portfolio WELLESLEY, MA 387,714387.7k $11.5m $11.5m 3.04% Added +3.0k +3,001
96 MML INVESTORS SERVICES, LLC 0.03% of their portfolio SPRINGFIELD, MA 387,241387.2k $11.5m $11.5m 0.03% Added +387 +387
97 Alliance Wealth Management Group 2.55% of their portfolio FLEMINGTON, NJ 386,252386.3k $11.4m $11.4m 2.55% Reduced -2.4k -2,373
98 Towercrest Capital Management 1.84% of their portfolio NEWTOWN, PA 386,252386.3k $11.4m $11.4m 1.84% Reduced -2.4k -2,373
99 DAVENPORT & Co LLC 0.06% of their portfolio RICHMOND, VA 382,525382.5k $11.3m $11.3m 0.06% Reduced -25.7k -25,696
100 VALLEY NATIONAL ADVISERS INC 1.75% of their portfolio BETHLEHEM, PA 381,039381.0k $11.3m $11.3m 1.75% Reduced -7.1k -7,056