Vault-13

SCHWAB STRATEGIC TR SCHA

US SML CAP ETF · ETP · CUSIP 808524607

1,172 institutional holders +29 vs Q2 2025
241,132,588241.1m shares reported held*
$6.7bnreported value*
79 new 420 added 479 reduced 37 sold out net bought ≈ $95.1m (+3.7m 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 ($10.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $27.95. Options: 4 managers hold calls ($14.4m notional), 0 hold puts (—).

Trends to Q3 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: 1,143Q3 25: 1,1721,172Q3 22Q2 23Q1 24Q4 24Q3 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
Q3 20251,172

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ4 23: 498 bought or addedQ4 23: 408 cut or sold outQ1 24: 473 bought or addedQ1 24: 484 cut or sold outQ1 24Q2 24: 442 bought or addedQ2 24: 476 cut or sold outQ3 24: 517 bought or addedQ3 24: 432 cut or sold outQ3 24Q4 24: 494 bought or addedQ4 24: 504 cut or sold outQ1 25: 509 bought or addedQ1 25: 532 cut or sold outQ1 25Q2 25: 529 bought or addedQ2 25: 508 cut or sold outQ3 25: 499 bought or addedQ3 25: 516 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 2023498408
Q1 2024473484
Q2 2024442476
Q3 2024517432
Q4 2024494504
Q1 2025509532
Q2 2025529508
Q3 2025499516

Calls vs puts

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

CallsPuts
$0$5m$10m$15mQ4 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 0.00Q3 25 calls: $14.4mQ3 25 puts: $0Q3 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q4 2024$7.7m$15.5k0.00
Q1 2025$11.6m$63.3k0.01
Q2 2025$14.8m$00.00
Q3 2025$14.4m$00.00

Biggest buyers

VANTAGEPOINT INVESTMENT ADVISERS LLC New +2,092,621+2.1m
Corient Private Wealth LP Added +1,067,164+1.1m
New York Life Investment Management LLC Added +813,680+813.7k
Kestra Advisory Services, LLC Added +793,179+793.2k
Empower Advisory Group, LLC Added +761,532+761.5k
JPMORGAN CHASE & CO Added +753,105+753.1k
WELLINGTON MANAGEMENT GROUP LLP New +646,019+646.0k
EXCHANGE TRADED CONCEPTS, LLC Added +644,903+644.9k
Waterford Advisors, LLC Added +644,140+644.1k
Modern Wealth Management, LLC New +569,122+569.1k

Biggest sellers

BANK OF AMERICA CORP /DE/ Reduced -1,738,326-1.7m
ENVESTNET ASSET MANAGEMENT INC Reduced -1,425,286-1.4m
SEI INVESTMENTS CO Reduced -790,589-790.6k
ROYAL BANK OF CANADA Reduced -686,881-686.9k
FIDELIS iM, LLC Reduced -573,434-573.4k
Tidal Investments LLC Sold out -489,345-489.3k
Financial Engines Advisors L.L.C. Reduced -487,594-487.6k
Arax Advisory Partners Sold out -351,595-351.6k
BNP PARIBAS FINANCIAL MARKETS Reduced -349,955-350.0k
TUDOR INVESTMENT CORP ET AL Sold out -281,391-281.4k

Biggest calls

IMC-Chicago, LLC Reduced $7.4m270.5k shares
GROUP ONE TRADING LLC Reduced $4.2m153.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $2.0m72.5k shares
CITADEL ADVISORS LLC Added $809.1k29.0k 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, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Empower Advisory Group, LLC 2.65% of their portfolio Greenwood Village, CO 34,204,53034.2m $954.3m $954.3m 2.65% Added +761.5k +761,532
2 BANK OF AMERICA CORP /DE/ 0.04% of their portfolio CHARLOTTE, NC 17,280,76917.3m $482.1m $482.1m 0.04% Reduced -1.7m -1,738,326
3 SEI INVESTMENTS CO 0.44% of their portfolio OAKS, PA 14,690,81214.7m $409.9m $409.9m 0.44% Reduced -790.6k -790,589
4 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.10% of their portfolio MILWAUKEE, WI 5,241,5275.2m $146.2m $146.2m 0.10% Added +297.2k +297,189
5 Financial Engines Advisors L.L.C. 0.27% of their portfolio SANTA CLARA, CA 4,996,4655.0m $139.4m $139.4m 0.27% Reduced -487.6k -487,594
6 Creative Planning 0.10% of their portfolio OVERLAND PARK, KS 4,678,3774.7m $130.5m $130.5m 0.10% Reduced -11.4k -11,396
7 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.19% of their portfolio PLYMOUTH, MN 4,549,2824.5m $127.3m $127.3m 0.19% Reduced -102.9k -102,915
8 UBS Group AG 0.02% of their portfolio ZURICH, V8 4,096,9834.1m $114.3m $114.3m 0.02% Added +271.6k +271,629
9 Advisory Alpha, LLC 3.15% of their portfolio HOLLAND, MI 4,023,7524.0m $113.0m $113.0m 3.15% Added +346.8k +346,784
10 Cerity Partners LLC 0.17% of their portfolio NEW YORK, NY 3,776,6073.8m $105.4m $105.4m 0.17% Reduced -113.9k -113,924
11 HighTower Advisors, LLC 0.10% of their portfolio CHICAGO, IL 3,005,2363.0m $83.8m $83.8m 0.10% Added +116.5k +116,483
12 Mariner, LLC 0.10% of their portfolio Overland Park, KS 2,843,7402.8m $79.3m $79.3m 0.10% Added +5.4k +5,414
13 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 2,459,4172.5m $68.6m $68.6m 0.02% Added +34.3k +34,287
14 Steele Capital Management, Inc. 2.80% of their portfolio DUBUQUE, IA 2,258,4202.3m $63.1m $63.1m 2.80% Reduced -21.3k -21,327
15 VANTAGEPOINT INVESTMENT ADVISERS LLC 0.48% of their portfolio WASHINGTON, DC 2,092,6212.1m $58.4m $58.4m 0.48% New
16 MERCER GLOBAL ADVISORS INC /ADV 0.10% of their portfolio DENVER, CO 2,061,3442.1m $57.5m $57.5m 0.10% Reduced -141.7k -141,688
17 MONETA GROUP INVESTMENT ADVISORS LLC 0.43% of their portfolio ST LOUIS, MO 1,958,1282.0m $54.6m $54.6m 0.43% Added +48.7k +48,679
18 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,924,9851.9m $53.7m $53.7m 0.00% Added +12.8k +12,783
19 SIMS INVESTMENT MANAGEMENT, LLC 18.76% of their portfolio CINCINNATI, OH 1,857,9551.9m $51.8m $51.8m 18.76% Added +19.8k +19,759
20 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,692,6341.7m $47.2m $47.2m 0.00% Added +753.1k +753,105
21 Savant Capital, LLC 0.27% of their portfolio ROCKFORD, IL 1,618,3721.6m $45.2m $45.2m 0.27% Added +50.6k +50,562
22 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 1,551,5881.6m $43.3m $43.3m 0.01% Reduced -1.4m -1,425,286
23 Betterment LLC 0.08% of their portfolio NEW YORK, NY 1,533,1251.5m $42.8m $42.8m 0.08% Reduced -18.0k -17,989
24 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 1,500,4061.5m $41.9m $41.9m 0.01% Reduced -66.7k -66,679
25 CoreCap Advisors, LLC 1.50% of their portfolio SOUTHFIELD, MI 1,479,6641.5m $41.3m $41.3m 1.50% Added +78.1k +78,074
26 OSAIC HOLDINGS, INC. 0.06% of their portfolio SCOTTSDALE, AZ 1,451,2791.5m $40.3m $40.3m 0.06% Added +341.8k +341,814
27 RMG Wealth Management LLC 5.62% of their portfolio PLATTEVILLE, WI 1,425,0371.4m $39.9m $39.9m 5.62% Added +46.7k +46,716
28 Corient Private Wealth LP 0.06% of their portfolio MIAMI, FL 1,363,8691.4m $38.1m $38.1m 0.06% Added +1.1m +1,067,164
29 New York Life Investment Management LLC 0.33% of their portfolio New York, NY 1,350,7691.4m $37.7m $37.7m 0.33% Added +813.7k +813,680
30 Golden Reserve Retirement LLC 9.67% of their portfolio DUBLIN, OH 1,334,7941.3m $37.3m $37.3m 9.67% Added +190.3k +190,265
31 JONES FINANCIAL COMPANIES LLLP 0.03% of their portfolio DES PERES, MO 1,330,3511.3m $37.1m $37.1m 0.03% Added +116.4k +116,442
32 Gemmer Asset Management LLC 2.97% of their portfolio WALNUT CREEK, CA 1,319,8411.3m $36.8m $36.8m 2.97% Added +8.4k +8,359
33 Kohmann Bosshard Financial Services, LLC 3.76% of their portfolio FAIRLAWN, OH 1,314,8411.3m $36.7m $36.7m 3.76% Added +41.1k +41,056
34 Focus Partners Wealth 0.06% of their portfolio ST LOUIS, MO 1,292,0911.3m $36.0m $36.0m 0.06% Added +3.0k +3,020
35 RAINEY & RANDALL WEALTH ADVISORS INC. 5.62% of their portfolio Celebration, FL 1,206,5581.2m $33.7m $33.7m 5.62% Reduced -15.6k -15,604
36 Mokosak Advisory Group, LLC 8.67% of their portfolio URBANDALE, IA 1,187,6561.2m $33.1m $33.1m 8.67% Added +13.9k +13,922
37 Cetera Investment Advisers 0.04% of their portfolio SCHAUMBURG, IL 1,137,7771.1m $31.7m $31.7m 0.04% Added +140.0k +140,016
38 KLINGENSTEIN FIELDS & CO LP 1.18% of their portfolio NEW YORK, NY 1,119,5711.1m $31.2m $31.2m 1.18% Reduced -25.4k -25,398
39 Summit Financial Strategies, Inc. 2.39% of their portfolio Columbus, OH 998,798998.8k $27.9m $27.9m 2.39% Reduced -31.5k -31,452
40 BlueSky Wealth Advisors, LLC 3.71% of their portfolio New Bern, NC 984,833984.8k $27.5m $27.5m 3.71% Added +1.9k +1,883
41 CAPTRUST FINANCIAL ADVISORS 0.06% of their portfolio RALEIGH, NC 983,263983.3k $27.4m $27.4m 0.06% Added +18.4k +18,382
42 Noble Family Wealth, LLC 6.01% of their portfolio Clearwater, FL 976,436976.4k $27.2m $27.2m 6.01% Added +13.9k +13,905
43 Dynamic Advisor Solutions LLC 0.78% of their portfolio PHOENIX, AZ 962,142962.1k $26.8m $26.8m 0.78% Reduced -40.6k -40,642
44 ForthRight Wealth Management, LLC 7.63% of their portfolio ALPHARETTA, GA 941,457941.5k $26.3m $26.3m 7.63% Added +25.3k +25,340
45 TruNorth Capital Management, LLC 5.07% of their portfolio KALAMAZOO, MI 918,203918.2k $25.6m $25.6m 5.07% Added +55.8k +55,837
46 Legacy Wealth Management, LLC 1.46% of their portfolio MEMPHIS, TN 890,688890.7k $24.9m $24.9m 1.46% Reduced -239.1k -239,115
47 Kestra Advisory Services, LLC 0.11% of their portfolio AUSTIN, TX 868,965869.0k $24.2m $24.2m 0.11% Added +793.2k +793,179
48 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 835,948835.9k $23.3m $23.3m 0.00% Reduced -102.1k -102,131
49 Beacon Pointe Advisors, LLC 0.20% of their portfolio NEWPORT BEACH, CA 827,952828.0k $23.1m $23.1m 0.20% Added +9.3k +9,330
50 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 0.36% of their portfolio MINNEAPOLIS, MN 827,667827.7k $23.1m $23.1m 0.36% Added +33 +33
51 Joule Financial, LLC 6.92% of their portfolio Lexington, KY 827,440827.4k $23.1m $23.1m 6.92% Added +12.5k +12,538
52 Charles Schwab Trust Co 1.41% of their portfolio HENDERSON, NV 746,017746.0k $20.8m $20.8m 1.41% Added +48.9k +48,912
53 Strategic Financial Planning, Inc. 11.99% of their portfolio PLANO, TX 741,711741.7k $20.7m $20.7m 11.99% Reduced -21.0k -21,046
54 White & Co Financial Planning Inc 15.48% of their portfolio SUNNYSIDE, WA 737,124737.1k $20.6m $20.6m 15.48% Reduced -10.1k -10,093
55 MARSHALL FINANCIAL GROUP INC /ADV 5.53% of their portfolio DOYLESTOWN, PA 721,038721.0k $20.1m $20.1m 5.53% Reduced -8.0k -7,981
56 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 717,985718.0k $20.0m $20.0m 0.01% Added +26.3k +26,328
57 Visionary Wealth Advisors 0.93% of their portfolio O'FALLON, IL 711,136711.1k $19.8m $19.8m 0.93% Reduced -16.2k -16,168
58 JOHNSON INVESTMENT COUNSEL INC 0.16% of their portfolio Cincinnati, OH 705,013705.0k $19.7m $19.7m 0.16% Added +22.3k +22,308
59 OLD NATIONAL BANCORP /IN/ 0.33% of their portfolio EVANSVILLE, IN 701,798701.8k $19.6m $19.6m 0.33% Reduced -7.2k -7,237
60 SAGE FINANCIAL GROUP INC 1.32% of their portfolio W. CONSHOHOCKEN, PA 697,967698.0k $19.5m $19.5m 1.32% Added +7.2k +7,217
61 Chicago Partners Investment Group LLC 0.52% of their portfolio CHICAGO, IL 693,471693.5k $19.8m $19.8m 0.52% Added +69.8k +69,839
62 Waterford Advisors, LLC 6.61% of their portfolio ORCHARD PARK, NY 684,943684.9k $19.1m $19.1m 6.61% Added +644.1k +644,140
63 Wealthspire Advisors, LLC 0.10% of their portfolio NEW YORK, NY 681,884681.9k $19.0m $19.0m 0.10% Added +341.0k +341,037
64 Sanctuary Advisors, LLC 0.05% of their portfolio INDIANAPOLIS, IN 660,990661.0k $16.0m $16.0m 0.05% Added +187.4k +187,364
65 EXCHANGE TRADED CONCEPTS, LLC 0.17% of their portfolio Oklahoma City, OK 650,909650.9k $18.2m $18.2m 0.17% Added +644.9k +644,903
66 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 646,019646.0k $18.0m $18.0m 0.00% New
67 Cambridge Investment Research Advisors, Inc. 0.05% of their portfolio FAIRFIELD, IA 625,686625.7k $17.5m $17.5m 0.05% Added +28.0k +28,019
68 Bangor Savings Bank 1.45% of their portfolio BANGOR, ME 622,143622.1k $17.4m $17.4m 1.45% Reduced -5.6k -5,637
69 Ascension Capital Advisors, Inc. 6.70% of their portfolio Houston, TX 617,415617.4k $17.2m $17.2m 6.70% Reduced -3.4k -3,372
70 Clearwater Capital Advisors, LLC 1.45% of their portfolio HOFFMAN ESTATES, IL 608,198608.2k $17.0m $17.0m 1.45% Added +8.0k +8,037
71 Burt Wealth Advisors 4.14% of their portfolio North Bethesda, MD 604,103604.1k $16.9m $16.9m 4.14% Added +2.4k +2,411
72 Main Street Financial Solutions, LLC 1.08% of their portfolio NEWTOWN, PA 603,359603.4k $16.8m $16.8m 1.08% Added +20.3k +20,257
73 FIRST NATIONAL CORP /MA/ /ADV 3.13% of their portfolio ROCKLAND, MA 591,472591.5k $16.5m $16.5m 3.13% Added +15.6k +15,598
74 SUMMIT WEALTH & RETIREMENT PLANNING, INC. 3.96% of their portfolio EAGLE, ID 577,395577.4k $16.1m $16.1m 3.96% Reduced -22.2k -22,224
75 ZynergyRetirementPlanningLLC 10.06% of their portfolio RED BANK, NJ 571,869571.9k $16.0m $16.0m 10.06% Added +5.1k +5,086
76 Modern Wealth Management, LLC 0.31% of their portfolio KANSAS CITY, MO 569,122569.1k $15.9m $15.9m 0.31% New
77 Matrix Trust Co 2.37% of their portfolio DENVER, CO 541,906541.9k $15.1m $15.1m 2.37% Added +2.8k +2,808
78 RKL Wealth Management LLC 1.28% of their portfolio LANCASTER, PA 539,057539.1k $15.0m $15.0m 1.28% Reduced -55.5k -55,451
79 Prime Capital Investment Advisors, LLC 0.18% of their portfolio OVERLAND PARK, KS 521,308521.3k $14.5m $14.5m 0.18% Reduced -15.6k -15,562
80 Waverly Advisors, LLC 0.14% of their portfolio BIRMINGHAM, AL 520,454520.5k $14.5m $14.5m 0.14% Reduced -32.8k -32,801
81 St. Louis Trust Co 1.73% of their portfolio SAINT LOUIS, MO 497,824497.8k $13.9m $13.9m 1.73% Added +17.2k +17,218
82 IMA Advisory Services, Inc. 1.31% of their portfolio DENVER, CO 464,329464.3k $13.0m $13.0m 1.31% Reduced -6.7k -6,685
83 Empirical Financial Services, LLC d.b.a. Empirical Wealth Management 0.26% of their portfolio Seattle, WA 461,940461.9k $12.9m $12.9m 0.26% Added +6.2k +6,187
84 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 458,997459.0k $12.8m $12.8m 0.02% Reduced -126.9k -126,920
85 NORTH STAR ASSET MANAGEMENT INC 0.51% of their portfolio NEENAH, WI 450,016450.0k $12.6m $12.6m 0.51% Added +2.3k +2,296
86 Lido Advisors, LLC 0.05% of their portfolio Los Angeles, CA 445,747445.7k $12.4m $12.4m 0.05% Added +184.7k +184,669
87 APPLETON PARTNERS INC/MA 0.83% of their portfolio BOSTON, MA 441,543441.5k $12.3m $12.3m 0.83% Added +165 +165
88 Seneca Financial Advisors LLC 3.98% of their portfolio ROCHESTER, NY 436,597436.6k $12.2m $12.2m 3.98% Added +30.3k +30,254
89 Merit Financial Group, LLC 0.11% of their portfolio ALPHARETTA, GA 436,287436.3k $12.2m $12.2m 0.11% Added +41.6k +41,567
90 MML INVESTORS SERVICES, LLC 0.03% of their portfolio SPRINGFIELD, MA 436,267436.3k $12.2m $12.2m 0.03% Reduced -25.5k -25,473
91 Tiller Private Wealth, Inc. 4.33% of their portfolio BETHLEHEM, PA 436,104436.1k $12.2m $12.2m 4.33% Reduced -9.9k -9,888
92 MAI Capital Management 0.08% of their portfolio INDEPENDENCE, OH 433,643433.6k $12.1m $12.1m 0.08% Reduced -4.1k -4,120
93 Focus Financial Network, Inc. 0.43% of their portfolio MINNEAPOLIS, MN 432,896432.9k $12.1m $12.1m 0.43% Added +1.4k +1,407
94 St. Johns Investment Management Company, LLC 5.12% of their portfolio JACKSONVILLE, FL 432,043432.0k $12.1m $12.1m 5.12% Added +13.8k +13,761
95 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 423,497423.5k $11.8m $11.8m 0.00% Reduced -686.9k -686,881
96 US BANCORP \DE\ 0.01% of their portfolio MINNEAPOLIS, MN 418,375418.4k $11.7m $11.7m 0.01% Reduced -12.9k -12,924
97 Christensen, King & Associates Investment Services, Inc. 5.00% of their portfolio RICHLAND, WA 417,100417.1k $11.6m $11.6m 5.00% Reduced -3.0k -2,954
98 HHM Wealth Advisors, LLC 1.34% of their portfolio CHATTANOOGA, TN 413,659413.7k $11.5m $11.5m 1.34% Reduced -69.3k -69,255
99 Lutz Financial Services LLC 0.83% of their portfolio OMAHA, NE 412,847412.8k $11.5m $11.5m 0.83% Reduced -3.3k -3,334
100 OneDigital Investment Advisors LLC 0.12% of their portfolio OVERLAND PARK, KS 403,383403.4k $11.3m $11.3m 0.12% Reduced -4.6k -4,578