Vault-13

SCHWAB STRATEGIC TR SCHA

US SML CAP ETF · ETP · CUSIP 808524607

1,062 institutional holders +114 vs Q3 2023
218,308,949218.3m shares reported held*
$9.6bnreported value*
91 new 407 added 362 reduced 46 sold out net bought ≈ $241.0m (+20.0m 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 ($6.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $43.99. Options: 7 managers hold calls ($146.7m notional), 4 hold puts ($1.6m).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 871Q4 22: 945Q1 23: 933Q2 23: 962Q3 23: 948Q4 23: 1,0621,062Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 2022871
Q4 2022945
Q1 2023933
Q2 2023962
Q3 2023948
Q4 20231,062

Buyers vs sellers

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

Bought or addedCut or sold out
5000500Q4 22: 470 bought or addedQ4 22: 366 cut or sold outQ4 22Q1 23: 406 bought or addedQ1 23: 447 cut or sold outQ1 23Q2 23: 446 bought or addedQ2 23: 426 cut or sold outQ2 23Q3 23: 448 bought or addedQ3 23: 407 cut or sold outQ3 23Q4 23: 498 bought or addedQ4 23: 408 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022470366
Q1 2023406447
Q2 2023446426
Q3 2023448407
Q4 2023498408

Calls vs puts

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

CallsPuts
$0$50m$100m$150mQ1 23 calls: $59.4mQ1 23 puts: $830.4kQ1 23P/C 0.01Q2 23 calls: $68.0mQ2 23 puts: $670.1kQ2 23P/C 0.01Q3 23 calls: $136.1mQ3 23 puts: $298.2kQ3 23P/C 0.00Q4 23 calls: $146.7mQ4 23 puts: $1.6mQ4 23P/C 0.01
Numbers
QuarterCallsPutsP/C
Q1 2023$59.4m$830.4k0.01
Q2 2023$68.0m$670.1k0.01
Q3 2023$136.1m$298.2k0.00
Q4 2023$146.7m$1.6m0.01

Biggest buyers

Cerity Partners LLC Added +14,800,032+14.8m
MORGAN STANLEY Added +1,441,579+1.4m
Empower Advisory Group, LLC Added +1,425,251+1.4m
Charles Schwab Investment Advisory, Inc. Added +841,822+841.8k
JPMORGAN CHASE & CO Added +748,989+749.0k
1832 Asset Management L.P. Added +722,717+722.7k
BANK OF AMERICA CORP /DE/ Added +382,076+382.1k
Tidal Investments LLC New +312,528+312.5k
SEI INVESTMENTS CO Added +276,822+276.8k
Foundations Investment Advisors, LLC Added +252,773+252.8k

Biggest sellers

Strategic Investment Solutions, Inc. /IL Reduced -974,006-974.0k
Financial Advisors, LLC Reduced -952,126-952.1k
UNITED CAPITAL FINANCIAL ADVISORS, LLC Reduced -621,127-621.1k
AMERIPRISE FINANCIAL INC Reduced -602,112-602.1k
Bogart Wealth, LLC Reduced -408,433-408.4k
Gemmer Asset Management LLC Reduced -267,274-267.3k
IMA Advisory Services, Inc. Sold out -197,839-197.8k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Reduced -193,870-193.9k
MERIDIAN MANAGEMENT CO Reduced -192,036-192.0k
Bouchey Financial Group, Ltd. Reduced -105,283-105.3k

Biggest calls

Twin Tree Management, LP Reduced $126.3m1.7m shares
JANE STREET GROUP, LLC Added $18.1m237.9k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.5m32.8k shares
CITADEL ADVISORS LLC Reduced $543.3k11.5k shares
Belvedere Trading LLC New $189.0k4.0k shares
Cutler Group LLC / CA Added $19.0k6.4k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.4m29.1k shares
Belvedere Trading LLC New $189.0k4.0k shares
CITADEL ADVISORS LLC Reduced $61.4k1.3k shares
Cutler Group LLC / CA Added $4.0k6.4k 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, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Charles Schwab Investment Advisory, Inc. 5.06% of their portfolio SAN FRANCISCO, CA 74,637,51674.6m $3.5bn $3.5bn 5.06% Added +841.8k +841,822
2 Cerity Partners LLC 0.29% of their portfolio NEW YORK, NY 16,760,42916.8m $87.4m $87.4m 0.29% Added +14.8m +14,800,032
3 Empower Advisory Group, LLC 2.28% of their portfolio Greenwood Village, CO 12,253,39712.3m $578.9m $578.9m 2.28% Added +1.4m +1,425,251
4 BANK OF AMERICA CORP /DE/ 0.05% of their portfolio CHARLOTTE, NC 9,791,7169.8m $462.6m $462.6m 0.05% Added +382.1k +382,076
5 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.11% of their portfolio SAN FRANCISCO, CA 9,113,4639.1m $430.5m $430.5m 0.11% Added +130.1k +130,113
6 SEI INVESTMENTS CO 0.60% of their portfolio OAKS, PA 7,891,1677.9m $372.8m $372.8m 0.60% Added +276.8k +276,822
7 GOLDMAN SACHS GROUP INC 0.04% of their portfolio NEW YORK, NY 3,680,9613.7m $173.9m $173.9m 0.04% Added +234.7k +234,715
8 Financial Engines Advisors L.L.C. 0.30% of their portfolio SANTA CLARA, CA 2,653,4462.7m $125.3m $125.3m 0.30% Reduced -22.7k -22,743
9 Creative Planning 0.22% of their portfolio OVERLAND PARK, KS 2,512,7322.5m $118.7m $118.7m 0.22% Added +68.3k +68,326
10 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 2,456,3582.5m $116.0m $116.0m 0.01% Added +1.4m +1,441,579
11 ENVESTNET ASSET MANAGEMENT INC 0.04% of their portfolio Berwyn, PA 2,274,1382.3m $107.4m $107.4m 0.04% Reduced -80.2k -80,154
12 Advisory Alpha, LLC 4.54% of their portfolio HOLLAND, MI 2,099,0602.1m $99.2m $99.2m 4.54% Added +97.3k +97,259
13 OSAIC HOLDINGS, INC. 0.15% of their portfolio SCOTTSDALE, AZ 1,769,0781.8m $83.6m $83.6m 0.15% Added +200.5k +200,458
14 UBS Group AG 0.03% of their portfolio ZURICH, V8 1,757,8751.8m $83.0m $83.0m 0.03% Reduced -17.1k -17,132
15 MERCER GLOBAL ADVISORS INC /ADV 0.21% of their portfolio DENVER, CO 1,492,6221.5m $70.5m $70.5m 0.21% Added +54.4k +54,368
16 Mariner, LLC 0.17% of their portfolio Overland Park, KS 1,489,0631.5m $70.3m $70.3m 0.17% Reduced -23.5k -23,544
17 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.20% of their portfolio PLYMOUTH, MN 1,481,0011.5m $70.0m $70.0m 0.20% Reduced -193.9k -193,870
18 HighTower Advisors, LLC 0.10% of their portfolio CHICAGO, IL 1,322,9871.3m $62.4m $62.4m 0.10% Added +639 +639
19 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.07% of their portfolio MILWAUKEE, WI 1,289,7921.3m $60.9m $60.9m 0.07% Added +179.2k +179,155
20 1832 Asset Management L.P. 0.11% of their portfolio TORONTO, A6 1,192,6571.2m $56.3m $56.3m 0.11% Added +722.7k +722,717
21 Marcum Wealth, LLC 5.97% of their portfolio CLEVELAND, OH 1,187,2051.2m $56.1m $56.1m 5.97% Reduced -20.1k -20,085
22 Savant Capital, LLC 0.72% of their portfolio ROCKFORD, IL 1,179,8361.2m $55.7m $55.7m 0.72% Reduced -17.6k -17,611
23 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 1,155,1681.2m $54.6m $54.6m 0.03% Reduced -3.4k -3,418
24 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 849,116849.1k $40.1m $40.1m 0.00% Added +749.0k +748,989
25 RAINEY & RANDALL WEALTH ADVISORS INC. 10.03% of their portfolio Celebration, FL 832,577832.6k $39.3m $39.3m 10.03% Added +21.0k +21,010
26 KLINGENSTEIN FIELDS & CO LP 1.53% of their portfolio NEW YORK, NY 728,571728.6k $34.4m $34.4m 1.53% Added +21.4k +21,448
27 Steele Capital Management, Inc. 2.23% of their portfolio DUBUQUE, IA 725,631725.6k $34.3m $34.3m 2.23% First filing
28 Gemmer Asset Management LLC 4.10% of their portfolio WALNUT CREEK, CA 707,804707.8k $33.4m $33.4m 4.10% Reduced -267.3k -267,274
29 Prime Capital Investment Advisors, LLC 0.45% of their portfolio OVERLAND PARK, KS 625,140625.1k $29.5m $29.5m 0.45% Added +7.7k +7,709
30 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 603,830603.8k $28.5m $28.5m 0.01% Reduced -602.1k -602,112
31 RKL Wealth Management LLC 3.04% of their portfolio LANCASTER, PA 595,587595.6k $28.1m $28.1m 3.04% Reduced -420 -420
32 MONETA GROUP INVESTMENT ADVISORS LLC 0.55% of their portfolio ST LOUIS, MO 587,815587.8k $27.8m $27.8m 0.55% Added +28.8k +28,835
33 Legacy Wealth Management, LLC 2.12% of their portfolio MEMPHIS, TN 566,608566.6k $26.8m $26.8m 2.12% Reduced -17.0k -17,013
34 Corient Private Wealth LP 0.05% of their portfolio MIAMI, FL 564,724564.7k $26.7m $26.7m 0.05% Added +34.9k +34,867
35 Visionary Wealth Advisors 1.83% of their portfolio O'FALLON, IL 526,012526.0k $24.8m $24.8m 1.83% Reduced -975 -975
36 Mokosak Advisory Group, LLC 8.64% of their portfolio URBANDALE, IA 509,910509.9k $24.1m $24.1m 8.64% Added +12.9k +12,885
37 Beacon Pointe Advisors, LLC 0.28% of their portfolio NEWPORT BEACH, CA 502,161502.2k $23.7m $23.7m 0.28% Reduced -4.3k -4,326
38 Summit Financial Strategies, Inc. 3.46% of their portfolio Columbus, OH 479,718479.7k $22.7m $22.7m 3.46% Added +10.6k +10,588
39 CAPTRUST FINANCIAL ADVISORS 0.07% of their portfolio RALEIGH, NC 448,097448.1k $21.2m $21.2m 0.07% Added +18.1k +18,085
40 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 446,853446.9k $21.1m $21.1m 0.01% Added +29.8k +29,798
41 Noble Family Wealth, LLC 5.92% of their portfolio Clearwater, FL 413,663413.7k $19.5m $19.5m 5.92% Added +5.8k +5,794
42 BlueSky Wealth Advisors, LLC 3.52% of their portfolio New Bern, NC 401,147401.1k $19.0m $19.0m 3.52% Reduced -14.5k -14,530
43 FIDELIS iM, LLC 9.96% of their portfolio MEDFORD, OR 391,592391.6k $18.5m $18.5m 9.96% Added +6.0k +6,016
44 MARSHALL FINANCIAL GROUP INC /ADV 6.53% of their portfolio DOYLESTOWN, PA 387,270387.3k $18.3m $18.3m 6.53% Added +14.8k +14,794
45 Granite Bay Wealth Management, LLC 0.15% of their portfolio PORTSMOUTH, NH 384,892384.9k $16.2m $16.2m 0.15% Added +6.9k +6,908
46 Thrivent Financial for Lutherans 0.04% of their portfolio Minneapolis, MN 376,288376.3k $17.8m $17.8m 0.04% Reduced -21.8k -21,776
47 Dynamic Advisor Solutions LLC 0.62% of their portfolio PHOENIX, AZ 367,937367.9k $16.8m $16.8m 0.62% Added +141.1k +141,141
48 ForthRight Wealth Management, LLC 6.57% of their portfolio ALPHARETTA, GA 359,280359.3k $17.0m $17.0m 6.57% Added +1.8k +1,844
49 JANICZEK WEALTH MANAGEMENT, LLC 4.01% of their portfolio DENVER, CO 351,516351.5k $16.6m $16.6m 4.01% Added +2.6k +2,645
50 Foundations Investment Advisors, LLC 0.43% of their portfolio PHOENIX, AZ 349,147349.1k $16.1m $16.1m 0.43% Added +252.8k +252,773
51 Strategic Financial Planning, Inc. 12.48% of their portfolio PLANO, TX 338,002338.0k $16.0m $16.0m 12.48% Added +22.0k +22,041
52 RIVERSEDGE ADVISORS, LLC 4.36% of their portfolio Wilmington, DE 336,979337.0k $15.9m $15.9m 4.36% Added +60.5k +60,545
53 SAGE FINANCIAL GROUP INC 1.51% of their portfolio W. CONSHOHOCKEN, PA 329,103329.1k $15.5m $15.5m 1.51% Added +16.6k +16,641
54 MERIDIAN MANAGEMENT CO 4.31% of their portfolio LITTLE ROCK, AR 323,915323.9k $15.2m $15.2m 4.31% Reduced -192.0k -192,036
55 MML INVESTORS SERVICES, LLC 0.07% of their portfolio SPRINGFIELD, MA 323,797323.8k $15.3m $15.3m 0.07% Added +26.5k +26,455
56 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.13% of their portfolio IRVING, TX 321,809321.8k $15.2m $15.2m 0.13% Reduced -621.1k -621,127
57 Bangor Savings Bank 1.64% of their portfolio BANGOR, ME 319,098319.1k $15.1m $15.1m 1.64% Added +4.6k +4,612
58 MONEYWISE, INC. 8.49% of their portfolio FOREST, VA 313,020313.0k $14.8m $14.8m 8.49% Reduced -42.2k -42,197
59 Tidal Investments LLC 0.35% of their portfolio Milwaukee, WI 312,528312.5k $14.8m $14.8m 0.35% New
60 Burt Wealth Advisors 4.09% of their portfolio North Bethesda, MD 303,045303.0k $14.3m $14.3m 4.09% Added +10.8k +10,763
61 Integrated Wealth Concepts LLC 0.23% of their portfolio WALTHAM, MA 297,794297.8k $14.1m $14.1m 0.23% Added +30.5k +30,460
62 Waterford Advisors, LLC 6.31% of their portfolio ORCHARD PARK, NY 285,146285.1k $13.5m $13.5m 6.31% Reduced -16.8k -16,803
63 OneDigital Investment Advisors LLC 0.24% of their portfolio OVERLAND PARK, KS 284,542284.5k $13.4m $13.4m 0.24% Reduced -23.6k -23,594
64 CoreCap Advisors, LLC 0.84% of their portfolio SOUTHFIELD, MI 276,424276.4k $13.1m $13.1m 0.84% Added +157 +157
65 FIRST NATIONAL CORP /MA/ /ADV 3.16% of their portfolio ROCKLAND, MA 272,660272.7k $12.9m $12.9m 3.16% Reduced -2.7k -2,713
66 Cambridge Investment Research Advisors, Inc. 0.05% of their portfolio FAIRFIELD, IA 265,372265.4k $12.5m $12.5m 0.05% Reduced -22.1k -22,132
67 JOHNSON INVESTMENT COUNSEL INC 0.15% of their portfolio Cincinnati, OH 264,105264.1k $12.5m $12.5m 0.15% Added +11.9k +11,892
68 Joule Financial, LLC 5.76% of their portfolio Lexington, KY 262,227262.2k $12.4m $12.4m 5.76% Added +13.7k +13,717
69 Curi Wealth Management, LLC 1.71% of their portfolio Raleigh, NC 261,782261.8k $12.4m $12.4m 1.71% Added +14.5k +14,493
70 Ascension Capital Advisors, Inc. 7.98% of their portfolio Houston, TX 261,551261.6k $12.4m $12.4m 7.98% Added +8.9k +8,918
71 Clearwater Capital Advisors, LLC 1.36% of their portfolio HOFFMAN ESTATES, IL 256,009256.0k $12.1m $12.1m 1.36% Reduced -5.0k -5,015
72 Raymond James Financial Services Advisors, Inc. 0.02% of their portfolio ST. PETERSBURG, FL 255,641255.6k $12.1m $12.1m 0.02% Reduced -1.7k -1,661
73 SUMMIT WEALTH & RETIREMENT PLANNING, INC. 5.10% of their portfolio EAGLE, ID 255,460255.5k $12.1m $12.1m 5.10% Added +12.3k +12,278
74 New York Life Investment Management LLC 0.12% of their portfolio New York, NY 252,817252.8k $11.9m $11.9m 0.12% Reduced -5.5k -5,536
75 BUCKINGHAM STRATEGIC WEALTH, LLC 0.14% of their portfolio CLAYTON, MO 250,668250.7k $11.8m $11.8m 0.14% Reduced -11.5k -11,478
76 AE Wealth Management LLC 0.06% of their portfolio TOPEKA, KS 250,465250.5k $11.6m $11.6m 0.06% Added +16.5k +16,492
77 Buckingham Capital Management, Inc. 1.55% of their portfolio DAYTON, OH 244,508244.5k $11.6m $11.6m 1.55% Added +6.3k +6,304
78 Charles Schwab Trust Co 1.13% of their portfolio HENDERSON, NV 243,015243.0k $11.5m $11.5m 1.13% Added +10.3k +10,350
79 US BANCORP \DE\ 0.02% of their portfolio MINNEAPOLIS, MN 240,238240.2k $11.3m $11.3m 0.02% Reduced -28.7k -28,719
80 HHM Wealth Advisors, LLC 1.95% of their portfolio CHATTANOOGA, TN 237,485237.5k $11.2m $11.2m 1.95% Reduced -12.5k -12,464
81 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 231,652231.7k $10.9m $10.9m 0.02% Reduced -5.2k -5,237
82 Main Street Financial Solutions, LLC 1.41% of their portfolio NEWTOWN, PA 230,627230.6k $10.9m $10.9m 1.41% Added +12.2k +12,247
83 Sequoia Financial Advisors, LLC 0.13% of their portfolio Akron, OH 229,178229.2k $10.8m $10.8m 0.13% Added +5.6k +5,624
84 NORTH STAR ASSET MANAGEMENT INC 0.54% of their portfolio NEENAH, WI 225,995226.0k $10.7m $10.7m 0.54% Added +3.2k +3,184
85 OLD NATIONAL BANCORP /IN/ 0.28% of their portfolio EVANSVILLE, IN 225,937225.9k $10.7m $10.7m 0.28% Added +51.9k +51,911
86 Alliance Wealth Management Group 3.31% of their portfolio FLEMINGTON, NJ 224,706224.7k $10.6m $10.6m 3.31% First filing
87 Towercrest Capital Management 1.90% of their portfolio NEWTOWN, PA 224,706224.7k $10.6m $10.6m 1.90% Added +4.1k +4,125
88 Tradition Wealth Management, LLC 1.11% of their portfolio EDINA, MN 224,225224.2k $10.6m $10.6m 1.11% Reduced -4.5k -4,463
89 Meridian Wealth Management, LLC 0.67% of their portfolio LEXINGTON, KY 223,658223.7k $10.6m $10.6m 0.67% Reduced -3.0k -2,994
90 NORTHWEST INVESTMENT COUNSELORS, LLC 2.74% of their portfolio Lake Oswego, OR 217,069217.1k $10.3m $10.3m 2.74% Reduced -10.7k -10,748
91 KAVAR CAPITAL PARTNERS GROUP, LLC 1.14% of their portfolio LEAWOOD, KS 216,568216.6k $10.2m $10.2m 1.14% Added +110.7k +110,692
92 FOCUS FINANCIAL NETWORK INC /ADV 0.38% of their portfolio Minneapolis, MN 213,841213.8k $10.1m $10.1m 0.38% First filing
93 HoyleCohen, LLC 0.82% of their portfolio SAN DIEGO, CA 211,609211.6k $10.0m $10.0m 0.82% Added +12.8k +12,839
94 Cetera Advisor Networks LLC 0.06% of their portfolio EL SEGUNDO, CA 210,527210.5k $9.9m $9.9m 0.06% Added +34.6k +34,565
95 Almanack Investment Partners, LLC. 1.84% of their portfolio WAYNE, PA 209,910209.9k $9.9m $9.9m 1.84% New
96 Tiller Private Wealth, Inc. 4.97% of their portfolio BETHLEHEM, PA 209,886209.9k $9.9m $9.9m 4.97% Added +28 +28
97 St. Johns Investment Management Company, LLC 5.06% of their portfolio JACKSONVILLE, FL 209,579209.6k $9.9m $9.9m 5.06% Reduced -676 -676
98 APPLETON PARTNERS INC/MA 0.80% of their portfolio BOSTON, MA 209,127209.1k $9.9m $9.9m 0.80% Added +19.0k +18,964
99 Empirical Financial Services, LLC d.b.a. Empirical Wealth Management 0.33% of their portfolio Seattle, WA 208,383208.4k $9.8m $9.8m 0.33% Reduced -4.7k -4,731
100 Berger Financial Group, Inc 1.02% of their portfolio PLYMOUTH, MN 207,496207.5k $9.8m $9.8m 1.02% Added +6.9k +6,895