Vault-13

SCHWAB STRATEGIC TR SCHA

US SML CAP ETF · ETP · CUSIP 808524607

1,143 institutional holders +1 vs Q1 2025
238,326,070238.3m shares reported held*
$6.1bnreported value*
82 new 447 added 425 reduced 83 sold out net bought ≈ $239.2m (+8.9m 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 ($9.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $25.39. Options: 5 managers hold calls ($14.8m notional), 0 hold puts (—).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 871Q4 22: 945Q1 23: 933Q2 23: 962Q3 23: 948Q4 23: 1,062Q1 24: 1,053Q2 24: 1,057Q3 24: 1,074Q4 24: 1,172Q1 25: 1,142Q2 25: 1,1431,143Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022871
Q4 2022945
Q1 2023933
Q2 2023962
Q3 2023948
Q4 20231,062
Q1 20241,053
Q2 20241,057
Q3 20241,074
Q4 20241,172
Q1 20251,142
Q2 20251,143

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ3 23: 448 bought or addedQ3 23: 407 cut or sold outQ4 23: 498 bought or addedQ4 23: 408 cut or sold outQ4 23Q1 24: 473 bought or addedQ1 24: 484 cut or sold outQ2 24: 442 bought or addedQ2 24: 476 cut or sold outQ2 24Q3 24: 517 bought or addedQ3 24: 432 cut or sold outQ4 24: 494 bought or addedQ4 24: 504 cut or sold outQ4 24Q1 25: 509 bought or addedQ1 25: 532 cut or sold outQ2 25: 529 bought or addedQ2 25: 508 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023448407
Q4 2023498408
Q1 2024473484
Q2 2024442476
Q3 2024517432
Q4 2024494504
Q1 2025509532
Q2 2025529508

Calls vs puts

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

CallsPuts
$0$5m$10m$15mQ3 24 calls: $8.9mQ3 24 puts: $293.6kQ3 24P/C 0.03Q4 24 calls: $7.7mQ4 24 puts: $15.5kQ4 24P/C 0.00Q1 25 calls: $11.6mQ1 25 puts: $63.3kQ1 25P/C 0.01Q2 25 calls: $14.8mQ2 25 puts: $0Q2 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2024$8.9m$293.6k0.03
Q4 2024$7.7m$15.5k0.00
Q1 2025$11.6m$63.3k0.01
Q2 2025$14.8m$00.00

Biggest buyers

Empower Advisory Group, LLC Added +7,049,998+7.0m
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Added +1,869,642+1.9m
SEI INVESTMENTS CO Added +1,144,820+1.1m
BANK OF AMERICA CORP /DE/ Added +962,262+962.3k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +861,800+861.8k
ROYAL BANK OF CANADA Added +795,698+795.7k
Steele Capital Management, Inc. Added +656,386+656.4k
CLIFTONLARSONALLEN WEALTH ADVISORS, LLC Added +626,518+626.5k
Tidal Investments LLC New +489,345+489.3k
Tower Research Capital LLC (TRC) Added +477,334+477.3k

Biggest sellers

NATIXIS ADVISORS, LLC Reduced -2,337,000-2.3m
GOLDMAN SACHS GROUP INC Reduced -1,275,240-1.3m
Cerity Partners LLC Reduced -893,342-893.3k
Corient Private Wealth LP Reduced -886,913-886.9k
AMERIPRISE FINANCIAL INC Reduced -754,521-754.5k
Waterford Advisors, LLC Reduced -597,284-597.3k
ENVESTNET ASSET MANAGEMENT INC Reduced -511,927-511.9k
Wealthspire Advisors, LLC Reduced -357,341-357.3k
FINANCIAL COUNSELORS INC Sold out -329,777-329.8k
Dodds Wealth, LLC Sold out -261,356-261.4k

Biggest calls

IMC-Chicago, LLC Added $7.8m295.0k shares
GROUP ONE TRADING LLC Added $5.5m206.6k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.3m51.2k shares
CITADEL ADVISORS LLC Reduced $212.5k8.4k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 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, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Empower Advisory Group, LLC 2.53% of their portfolio Greenwood Village, CO 33,442,99833.4m $846.1m $846.1m 2.53% Added +7.0m +7,049,998
2 BANK OF AMERICA CORP /DE/ 0.04% of their portfolio CHARLOTTE, NC 19,019,09519.0m $481.2m $481.2m 0.04% Added +962.3k +962,262
3 SEI INVESTMENTS CO 0.45% of their portfolio OAKS, PA 15,481,40115.5m $391.7m $391.7m 0.45% Added +1.1m +1,144,820
4 Financial Engines Advisors L.L.C. 0.28% of their portfolio SANTA CLARA, CA 5,484,0595.5m $138.7m $138.7m 0.28% Added +385.7k +385,725
5 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.09% of their portfolio MILWAUKEE, WI 4,944,3384.9m $125.1m $125.1m 0.09% Added +861.8k +861,800
6 Creative Planning 0.10% of their portfolio OVERLAND PARK, KS 4,689,7734.7m $118.7m $118.7m 0.10% Added +140.1k +140,068
7 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.20% of their portfolio PLYMOUTH, MN 4,652,1974.7m $121.3m $121.3m 0.20% Added +1.9m +1,869,642
8 Cerity Partners LLC 0.18% of their portfolio NEW YORK, NY 3,890,5313.9m $98.4m $98.4m 0.18% Reduced -893.3k -893,342
9 UBS Group AG 0.02% of their portfolio ZURICH, V8 3,825,3543.8m $96.8m $96.8m 0.02% Reduced -48.1k -48,132
10 Advisory Alpha, LLC 2.90% of their portfolio HOLLAND, MI 3,676,9683.7m $93.0m $93.0m 2.90% Reduced -123.0k -122,983
11 ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio Berwyn, PA 2,976,8743.0m $75.3m $75.3m 0.02% Reduced -511.9k -511,927
12 HighTower Advisors, LLC 0.09% of their portfolio CHICAGO, IL 2,888,7532.9m $73.1m $73.1m 0.09% Added +107.1k +107,119
13 Mariner, LLC 0.10% of their portfolio Overland Park, KS 2,838,3262.8m $71.8m $71.8m 0.10% Reduced -102.1k -102,105
14 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 2,425,1302.4m $61.4m $61.4m 0.02% Added +45.4k +45,426
15 Steele Capital Management, Inc. 2.77% of their portfolio DUBUQUE, IA 2,279,7472.3m $57.7m $57.7m 2.77% Added +656.4k +656,386
16 MERCER GLOBAL ADVISORS INC /ADV 0.13% of their portfolio DENVER, CO 2,203,0322.2m $55.7m $55.7m 0.13% Reduced -110.1k -110,086
17 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,912,2021.9m $48.4m $48.4m 0.00% Reduced -22.8k -22,762
18 MONETA GROUP INVESTMENT ADVISORS LLC 0.58% of their portfolio ST LOUIS, MO 1,909,4491.9m $48.3m $48.3m 0.58% Added +401.9k +401,917
19 SIMS INVESTMENT MANAGEMENT, LLC 18.70% of their portfolio CINCINNATI, OH 1,838,1961.8m $46.5m $46.5m 18.70% Added +26.5k +26,485
20 Savant Capital, LLC 0.29% of their portfolio ROCKFORD, IL 1,567,8101.6m $39.7m $39.7m 0.29% Reduced -129.9k -129,906
21 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 1,567,0851.6m $39.6m $39.6m 0.01% Reduced -1.3m -1,275,240
22 Betterment LLC 0.08% of their portfolio NEW YORK, NY 1,551,1141.6m $39.2m $39.2m 0.08% Added +305.1k +305,084
23 CoreCap Advisors, LLC 1.43% of their portfolio SOUTHFIELD, MI 1,401,5901.4m $35.5m $35.5m 1.43% Added +128.6k +128,586
24 RMG Wealth Management LLC 5.54% of their portfolio PLATTEVILLE, WI 1,378,3211.4m $36.0m $36.0m 5.54% First filing
25 Gemmer Asset Management LLC 2.94% of their portfolio WALNUT CREEK, CA 1,311,4821.3m $33.2m $33.2m 2.94% Reduced -22.6k -22,629
26 Focus Partners Wealth 0.07% of their portfolio ST LOUIS, MO 1,289,0711.3m $32.6m $32.6m 0.07% Reduced -24.2k -24,175
27 Kohmann Bosshard Financial Services, LLC 3.60% of their portfolio FAIRLAWN, OH 1,273,7851.3m $32.2m $32.2m 3.60% Added +57.2k +57,177
28 RAINEY & RANDALL WEALTH ADVISORS INC. 5.66% of their portfolio Celebration, FL 1,222,1621.2m $30.9m $30.9m 5.66% Reduced -21.3k -21,280
29 JONES FINANCIAL COMPANIES LLLP 0.02% of their portfolio DES PERES, MO 1,213,9091.2m $30.7m $30.7m 0.02% Added +228.9k +228,911
30 Mokosak Advisory Group, LLC 8.40% of their portfolio URBANDALE, IA 1,173,7341.2m $29.7m $29.7m 8.40% Added +39.2k +39,242
31 KLINGENSTEIN FIELDS & CO LP 1.15% of their portfolio NEW YORK, NY 1,144,9691.1m $29.0m $29.0m 1.15% Reduced -54.6k -54,597
32 Golden Reserve Retirement LLC 9.29% of their portfolio DUBLIN, OH 1,144,5291.1m $28.9m $28.9m 9.29% Added +132.5k +132,482
33 Legacy Wealth Management, LLC 1.78% of their portfolio MEMPHIS, TN 1,129,8031.1m $28.6m $28.6m 1.78% Added +20.3k +20,292
34 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1,110,3781.1m $28.1m $28.1m 0.00% Added +795.7k +795,698
35 OSAIC HOLDINGS, INC. 0.05% of their portfolio SCOTTSDALE, AZ 1,109,4651.1m $28.1m $28.1m 0.05% Reduced -27.3k -27,292
36 Summit Financial Strategies, Inc. 2.41% of their portfolio Columbus, OH 1,030,2501.0m $26.1m $26.1m 2.41% Reduced -27.3k -27,264
37 Dynamic Advisor Solutions LLC 0.78% of their portfolio PHOENIX, AZ 1,002,7841.0m $25.4m $25.4m 0.78% Added +59.7k +59,728
38 Cetera Investment Advisers 0.04% of their portfolio SCHAUMBURG, IL 997,761997.8k $25.2m $25.2m 0.04% Added +83.1k +83,095
39 BlueSky Wealth Advisors, LLC 3.61% of their portfolio New Bern, NC 982,950983.0k $24.9m $24.9m 3.61% Added +33.9k +33,867
40 CAPTRUST FINANCIAL ADVISORS 0.05% of their portfolio RALEIGH, NC 964,881964.9k $24.4m $24.4m 0.05% Added +23.8k +23,803
41 Noble Family Wealth, LLC 5.95% of their portfolio Clearwater, FL 962,531962.5k $24.4m $24.4m 5.95% Added +56.2k +56,154
42 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 939,529939.5k $23.8m $23.8m 0.00% Added +13.9k +13,906
43 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 938,079938.1k $23.7m $23.7m 0.01% Added +34.3k +34,327
44 ForthRight Wealth Management, LLC 7.23% of their portfolio ALPHARETTA, GA 916,117916.1k $23.2m $23.2m 7.23% Added +77.3k +77,299
45 TruNorth Capital Management, LLC 4.85% of their portfolio KALAMAZOO, MI 862,366862.4k $21.8m $21.8m 4.85% Added +129.8k +129,841
46 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 0.35% of their portfolio MINNEAPOLIS, MN 827,634827.6k $20.9m $20.9m 0.35% Added +626.5k +626,518
47 Beacon Pointe Advisors, LLC 0.22% of their portfolio NEWPORT BEACH, CA 818,622818.6k $20.7m $20.7m 0.22% Reduced -37.2k -37,163
48 Joule Financial, LLC 6.69% of their portfolio Lexington, KY 814,902814.9k $20.6m $20.6m 6.69% Added +155.3k +155,283
49 Strategic Financial Planning, Inc. 12.02% of their portfolio PLANO, TX 762,757762.8k $19.3m $19.3m 12.02% Added +1.3k +1,307
50 White & Co Financial Planning Inc 15.10% of their portfolio SUNNYSIDE, WA 747,217747.2k $18.9m $18.9m 15.10% Added +58.4k +58,417
51 FIDELIS iM, LLC 8.27% of their portfolio MEDFORD, OR 734,894734.9k $18.6m $18.6m 8.27% Added +6.0k +5,955
52 MARSHALL FINANCIAL GROUP INC /ADV 5.52% of their portfolio DOYLESTOWN, PA 729,019729.0k $18.4m $18.4m 5.52% Reduced -17.5k -17,486
53 Visionary Wealth Advisors 0.94% of their portfolio O'FALLON, IL 727,304727.3k $18.4m $18.4m 0.94% Added +111.5k +111,517
54 OLD NATIONAL BANCORP /IN/ 0.32% of their portfolio EVANSVILLE, IN 709,035709.0k $17.9m $17.9m 0.32% Added +75.9k +75,909
55 Charles Schwab Trust Co 1.32% of their portfolio HENDERSON, NV 697,105697.1k $17.6m $17.6m 1.32% Added +9.2k +9,250
56 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 691,657691.7k $17.5m $17.5m 0.01% Reduced -36.8k -36,796
57 SAGE FINANCIAL GROUP INC 1.29% of their portfolio W. CONSHOHOCKEN, PA 690,750690.8k $17.5m $17.5m 1.29% Added +9.3k +9,339
58 JOHNSON INVESTMENT COUNSEL INC 0.16% of their portfolio Cincinnati, OH 682,705682.7k $17.3m $17.3m 0.16% Added +19.8k +19,842
59 Bangor Savings Bank 1.42% of their portfolio BANGOR, ME 627,780627.8k $15.9m $15.9m 1.42% Reduced -1.9k -1,901
60 Chicago Partners Investment Group LLC 0.48% of their portfolio CHICAGO, IL 623,632623.6k $16.5m $16.5m 0.48% Added +42.4k +42,400
61 Ascension Capital Advisors, Inc. 6.56% of their portfolio Houston, TX 620,787620.8k $15.7m $15.7m 6.56% Added +5.5k +5,515
62 Burt Wealth Advisors 3.48% of their portfolio North Bethesda, MD 601,692601.7k $15.2m $15.2m 3.48% Added +2.7k +2,683
63 Clearwater Capital Advisors, LLC 1.39% of their portfolio HOFFMAN ESTATES, IL 600,161600.2k $15.2m $15.2m 1.39% Added +36.7k +36,720
64 SUMMIT WEALTH & RETIREMENT PLANNING, INC. 4.07% of their portfolio EAGLE, ID 599,619599.6k $15.2m $15.2m 4.07% Reduced -15.9k -15,933
65 Cambridge Investment Research Advisors, Inc. 0.05% of their portfolio FAIRFIELD, IA 597,667597.7k $15.1m $15.1m 0.05% Added +38.3k +38,307
66 RKL Wealth Management LLC 1.32% of their portfolio LANCASTER, PA 594,508594.5k $15.0m $15.0m 1.32% Reduced -61.6k -61,566
67 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 585,917585.9k $14.8m $14.8m 0.02% Reduced -13.6k -13,582
68 Main Street Financial Solutions, LLC 1.07% of their portfolio NEWTOWN, PA 583,102583.1k $14.8m $14.8m 1.07% Added +27.4k +27,415
69 Tower Research Capital LLC (TRC) 0.39% of their portfolio NEW YORK, NY 576,440576.4k $14.6m $14.6m 0.39% Added +477.3k +477,334
70 FIRST NATIONAL CORP /MA/ /ADV 2.94% of their portfolio ROCKLAND, MA 575,874575.9k $14.6m $14.6m 2.94% Added +28.1k +28,066
71 ZynergyRetirementPlanningLLC 9.62% of their portfolio RED BANK, NJ 566,783566.8k $14.3m $14.3m 9.62% Added +35.7k +35,669
72 Waverly Advisors, LLC 0.15% of their portfolio BIRMINGHAM, AL 553,255553.3k $14.0m $14.0m 0.15% Reduced -49.4k -49,355
73 Matrix Trust Co 2.17% of their portfolio DENVER, CO 539,098539.1k $13.6m $13.6m 2.17% Added +6.9k +6,860
74 New York Life Investment Management LLC 0.13% of their portfolio New York, NY 537,089537.1k $13.6m $13.6m 0.13% Added +92.1k +92,083
75 Prime Capital Investment Advisors, LLC 0.18% of their portfolio OVERLAND PARK, KS 536,870536.9k $13.6m $13.6m 0.18% Reduced -209.7k -209,655
76 Tidal Investments LLC 0.08% of their portfolio Milwaukee, WI 489,345489.3k $12.4m $12.4m 0.08% New
77 HHM Wealth Advisors, LLC 1.45% of their portfolio CHATTANOOGA, TN 482,914482.9k $12.2m $12.2m 1.45% Added +43.5k +43,499
78 St. Louis Trust Co 1.62% of their portfolio SAINT LOUIS, MO 480,606480.6k $12.2m $12.2m 1.62% Added +102.0k +102,026
79 Sanctuary Advisors, LLC 0.07% of their portfolio INDIANAPOLIS, IN 473,626473.6k $12.0m $12.0m 0.07% Reduced -71.3k -71,334
80 IMA Advisory Services, Inc. 1.28% of their portfolio DENVER, CO 471,014471.0k $11.9m $11.9m 1.28% Added +5.1k +5,124
81 MML INVESTORS SERVICES, LLC 0.03% of their portfolio SPRINGFIELD, MA 461,740461.7k $11.7m $11.7m 0.03% Reduced -87.5k -87,483
82 Empirical Financial Services, LLC d.b.a. Empirical Wealth Management 0.26% of their portfolio Seattle, WA 455,753455.8k $11.5m $11.5m 0.26% Added +25.2k +25,239
83 NORTH STAR ASSET MANAGEMENT INC 0.48% of their portfolio NEENAH, WI 447,720447.7k $11.3m $11.3m 0.48% Reduced -8.8k -8,801
84 Tiller Private Wealth, Inc. 4.29% of their portfolio BETHLEHEM, PA 445,992446.0k $11.3m $11.3m 4.29% Reduced -15.1k -15,129
85 APPLETON PARTNERS INC/MA 0.79% of their portfolio BOSTON, MA 441,378441.4k $11.2m $11.2m 0.79% Reduced -7.2k -7,219
86 MAI Capital Management 0.08% of their portfolio INDEPENDENCE, OH 437,763437.8k $11.1m $11.1m 0.08% Reduced -11.7k -11,659
87 Focus Financial Network, Inc. 0.43% of their portfolio MINNEAPOLIS, MN 431,489431.5k $10.9m $10.9m 0.43% Added +21.3k +21,268
88 US BANCORP \DE\ 0.01% of their portfolio MINNEAPOLIS, MN 431,299431.3k $10.9m $10.9m 0.01% Reduced -16.9k -16,850
89 Alliance Wealth Management Group 2.73% of their portfolio FLEMINGTON, NJ 423,636423.6k $10.7m $10.7m 2.73% Added +41.6k +41,639
90 Towercrest Capital Management 1.91% of their portfolio NEWTOWN, PA 423,636423.6k $10.7m $10.7m 1.91% Added +41.6k +41,639
91 Christensen, King & Associates Investment Services, Inc. 4.87% of their portfolio RICHLAND, WA 420,054420.1k $10.6m $10.6m 4.87% Reduced -4.7k -4,669
92 St. Johns Investment Management Company, LLC 4.86% of their portfolio JACKSONVILLE, FL 418,282418.3k $10.6m $10.6m 4.86% Added +13.0k +12,972
93 Tradition Wealth Management, LLC 0.84% of their portfolio EDINA, MN 416,828416.8k $10.5m $10.5m 0.84% Reduced -16.7k -16,651
94 Lutz Financial Services LLC 0.82% of their portfolio OMAHA, NE 416,181416.2k $10.5m $10.5m 0.82% Added +84.0k +84,016
95 OneDigital Investment Advisors LLC 0.11% of their portfolio OVERLAND PARK, KS 407,961408.0k $10.3m $10.3m 0.11% Reduced -30.4k -30,371
96 Seneca Financial Advisors LLC 3.96% of their portfolio ROCHESTER, NY 406,343406.3k $10.3m $10.3m 3.96% Added +7.4k +7,363
97 Merit Financial Group, LLC 0.11% of their portfolio ALPHARETTA, GA 394,720394.7k $10.0m $10.0m 0.11% Added +258.0k +257,980
98 Missouri Trust & Investment Co 3.25% of their portfolio SPRINGFIELD, MO 393,084393.1k $9.9m $9.9m 3.25% Added +3.6k +3,591
99 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 390,478390.5k $9.9m $9.9m 0.01% Added +195.6k +195,604
100 Sightline Wealth Advisors, LLC 4.74% of their portfolio GROTON, CT 388,420388.4k $9.8m $9.8m 4.74% Added +8.0k +7,991