Vault-13

SCHWAB STRATEGIC TR SCHA

US SML CAP ETF · ETP · CUSIP 808524607

1,262 institutional holders +17 vs Q4 2025
247,157,866247.2m shares reported held*
$7.2bnreported value*
63 new 479 added 482 reduced 52 sold out net sold ≈ $101.9m (-5.6m 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 ($20.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $29.14. Options: 4 managers hold calls ($11.5m notional), 0 hold puts (—).

Trends to Q1 2026

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: 1,172Q4 25: 1,245Q1 26: 1,2621,262Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q4 20251,245
Q1 20261,262

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ2 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 25Q4 25: 539 bought or addedQ4 25: 502 cut or sold outQ1 26: 542 bought or addedQ1 26: 534 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 2024442476
Q3 2024517432
Q4 2024494504
Q1 2025509532
Q2 2025529508
Q3 2025499516
Q4 2025539502
Q1 2026542534

Calls vs puts

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

CallsPuts
$0$5m$10m$15mQ2 25 calls: $14.8mQ2 25 puts: $0Q2 25P/C 0.00Q3 25 calls: $14.4mQ3 25 puts: $0Q3 25P/C 0.00Q4 25 calls: $14.3mQ4 25 puts: $0Q4 25P/C 0.00Q1 26 calls: $11.5mQ1 26 puts: $0Q1 26P/C 0.00
Numbers
QuarterCallsPutsP/C
Q2 2025$14.8m$00.00
Q3 2025$14.4m$00.00
Q4 2025$14.3m$00.00
Q1 2026$11.5m$00.00

Biggest buyers

Empower Advisory Group, LLC Added +2,879,382+2.9m
UBS Group AG Added +1,106,281+1.1m
ENVESTNET ASSET MANAGEMENT INC Added +689,484+689.5k
Mariner, LLC Added +474,776+474.8k
JONES FINANCIAL COMPANIES LLLP Added +397,866+397.9k
STATE FARM MUTUAL AUTOMOBILE INSURANCE CO Added +387,216+387.2k
L2 Asset Management, LLC New +359,851+359.9k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +301,941+301.9k
JOHNSON INVESTMENT COUNSEL INC Added +283,117+283.1k
Global Wealth Strategies & Associates Added +271,275+271.3k

Biggest sellers

Corient Private Wealth LP Reduced -3,714,728-3.7m
RMG Wealth Management LLC Reduced -3,577,001-3.6m
BANK OF AMERICA CORP /DE/ Reduced -2,726,545-2.7m
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Reduced -1,717,851-1.7m
Creative Planning Reduced -794,657-794.7k
Strategic Financial Planning, Inc. Sold out -704,165-704.2k
Tidal Investments LLC Sold out -420,894-420.9k
Financial Engines Advisors L.L.C. Reduced -257,767-257.8k
MARSHALL WACE, LLP Sold out -257,239-257.2k
Baird Financial Group, Inc. Reduced -250,931-250.9k

Biggest calls

IMC-Chicago, LLC Added $7.3m239.4k shares
GROUP ONE TRADING LLC Reduced $2.4m77.4k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.2m40.7k shares
CITADEL ADVISORS LLC Reduced $613.6k21.1k 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, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Empower Advisory Group, LLC 2.79% of their portfolio Greenwood Village, CO 36,903,75036.9m $1.1bn $1.1bn 2.79% Added +2.9m +2,879,382
2 SEI INVESTMENTS CO 0.40% of their portfolio OAKS, PA 14,734,81714.7m $428.5m $428.5m 0.40% Reduced -24.3k -24,324
3 BANK OF AMERICA CORP /DE/ 0.03% of their portfolio CHARLOTTE, NC 14,587,52614.6m $424.2m $424.2m 0.03% Reduced -2.7m -2,726,545
4 Creative Planning 0.12% of their portfolio OVERLAND PARK, KS 5,992,9746.0m $174.3m $174.3m 0.12% Reduced -794.7k -794,657
5 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.10% of their portfolio MILWAUKEE, WI 5,804,0135.8m $168.8m $168.8m 0.10% Added +301.9k +301,941
6 UBS Group AG 0.03% of their portfolio ZURICH, V8 5,129,7245.1m $149.2m $149.2m 0.03% Added +1.1m +1,106,281
7 Financial Engines Advisors L.L.C. 0.27% of their portfolio SANTA CLARA, CA 4,583,3594.6m $133.3m $133.3m 0.27% Reduced -257.8k -257,767
8 Advisory Alpha, LLC 3.09% of their portfolio HOLLAND, MI 3,881,8163.9m $112.9m $112.9m 3.09% Reduced -94.5k -94,488
9 Cerity Partners LLC 0.16% of their portfolio NEW YORK, NY 3,844,2443.8m $112.0m $112.0m 0.16% Added +87.2k +87,162
10 Mariner, LLC 0.11% of their portfolio Overland Park, KS 3,386,0873.4m $98.5m $98.5m 0.11% Added +474.8k +474,776
11 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 2,697,1922.7m $78.4m $78.4m 0.02% Added +48.6k +48,575
12 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.17% of their portfolio PLYMOUTH, MN 2,688,5102.7m $79.4m $79.4m 0.17% Reduced -1.7m -1,717,851
13 Steele Capital Management, Inc. 2.73% of their portfolio DUBUQUE, IA 2,262,0862.3m $65.8m $65.8m 2.73% Reduced -11.5k -11,484
14 VANTAGEPOINT INVESTMENT ADVISERS LLC 0.50% of their portfolio WASHINGTON, DC 2,027,2442.0m $59.0m $59.0m 0.50% Reduced -134.1k -134,129
15 MONETA GROUP INVESTMENT ADVISORS LLC 0.44% of their portfolio ST LOUIS, MO 2,025,6672.0m $58.9m $58.9m 0.44% Added +70.4k +70,385
16 MERCER GLOBAL ADVISORS INC /ADV 0.09% of their portfolio DENVER, CO 2,008,6412.0m $58.4m $58.4m 0.09% Reduced -114.9k -114,920
17 JONES FINANCIAL COMPANIES LLLP 0.03% of their portfolio DES PERES, MO 1,869,6051.9m $53.4m $53.4m 0.03% Added +397.9k +397,866
18 OSAIC HOLDINGS, INC. 0.08% of their portfolio SCOTTSDALE, AZ 1,842,6911.8m $53.5m $53.5m 0.08% Added +271.0k +270,978
19 Betterment LLC 0.10% of their portfolio NEW YORK, NY 1,839,8961.8m $53.5m $53.5m 0.10% Added +143.1k +143,145
20 HighTower Advisors, LLC 0.06% of their portfolio CHICAGO, IL 1,782,5501.8m $51.8m $51.8m 0.06% Reduced -62.4k -62,357
21 New York Life Investment Management LLC 0.44% of their portfolio New York, NY 1,771,6901.8m $51.5m $51.5m 0.44% Added +41.3k +41,282
22 SIMS INVESTMENT MANAGEMENT, LLC 18.54% of their portfolio CINCINNATI, OH 1,734,7691.7m $50.4m $50.4m 18.54% Reduced -96.6k -96,590
23 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 1,650,0741.7m $48.0m $48.0m 0.01% Added +689.5k +689,484
24 93 Financial Group, LLC 20.86% of their portfolio WOBURN, MA 1,608,6451.6m $46.8m $46.8m 20.86% Reduced -59.5k -59,515
25 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,601,9271.6m $46.6m $46.6m 0.00% Reduced -150.6k -150,603
26 CoreCap Advisors, LLC 1.58% of their portfolio SOUTHFIELD, MI 1,594,9401.6m $46.4m $46.4m 1.58% Added +7.6k +7,609
27 Gemmer Asset Management LLC 3.50% of their portfolio WALNUT CREEK, CA 1,521,2961.5m $44.2m $44.2m 3.50% Added +9.8k +9,755
28 Golden Reserve Retirement LLC 9.00% of their portfolio DUBLIN, OH 1,500,7901.5m $43.6m $43.6m 9.00% Reduced -73.4k -73,412
29 RMG Wealth Management LLC 5.79% of their portfolio PLATTEVILLE, WI 1,500,4091.5m $50.2m $50.2m 5.79% Reduced -3.6m -3,577,001
30 Savant Capital, LLC 0.21% of their portfolio ROCKFORD, IL 1,464,6131.5m $42.6m $42.6m 0.21% Reduced -52.1k -52,087
31 Kohmann Bosshard Financial Services, LLC 3.98% of their portfolio FAIRLAWN, OH 1,406,4651.4m $40.9m $40.9m 3.98% Added +48.3k +48,269
32 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 1,400,1721.4m $40.7m $40.7m 0.01% Reduced -165.6k -165,554
33 Corient Private Wealth LP 0.06% of their portfolio MIAMI, FL 1,384,9231.4m $40.1m $40.1m 0.06% Reduced -3.7m -3,714,728
34 Focus Partners Wealth 0.04% of their portfolio ST LOUIS, MO 1,313,0491.3m $38.2m $38.2m 0.04% Reduced -99.0k -98,994
35 Cetera Investment Advisers 0.04% of their portfolio SCHAUMBURG, IL 1,271,7741.3m $37.0m $37.0m 0.04% Added +88.4k +88,435
36 Mokosak Advisory Group, LLC 8.71% of their portfolio URBANDALE, IA 1,196,8651.2m $34.8m $34.8m 8.71% Reduced -20.9k -20,931
37 RAINEY & RANDALL WEALTH ADVISORS INC. 5.58% of their portfolio Celebration, FL 1,181,7071.2m $34.4m $34.4m 5.58% Reduced -8.1k -8,111
38 CAPTRUST FINANCIAL ADVISORS 0.06% of their portfolio RALEIGH, NC 1,106,1061.1m $32.2m $32.2m 0.06% Added +22.1k +22,097
39 JOHNSON INVESTMENT COUNSEL INC 0.25% of their portfolio Cincinnati, OH 1,045,0041.0m $30.4m $30.4m 0.25% Added +283.1k +283,117
40 Beacon Pointe Advisors, LLC 0.16% of their portfolio NEWPORT BEACH, CA 1,044,2961.0m $30.4m $30.4m 0.16% Added +190.8k +190,768
41 BlueSky Wealth Advisors, LLC 3.89% of their portfolio New Bern, NC 1,039,1341.0m $30.2m $30.2m 3.89% Added +41.7k +41,722
42 KLINGENSTEIN FIELDS & CO LP 1.18% of their portfolio NEW YORK, NY 1,028,2971.0m $29.9m $29.9m 1.18% Reduced -77.7k -77,684
43 Kestra Advisory Services, LLC 0.11% of their portfolio AUSTIN, TX 989,759989.8k $28.8m $28.8m 0.11% Added +18.1k +18,101
44 Noble Family Wealth, LLC 5.92% of their portfolio Clearwater, FL 986,306986.3k $28.7m $28.7m 5.92% Added +6.5k +6,461
45 STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 0.02% of their portfolio BLOOMINGTON, IL 985,135985.1k $28.6m $28.6m 0.02% Added +387.2k +387,216
46 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 0.41% of their portfolio MINNEAPOLIS, MN 966,196966.2k $28.1m $28.1m 0.41% Added +203.3k +203,286
47 ForthRight Wealth Management, LLC 7.87% of their portfolio ALPHARETTA, GA 954,561954.6k $27.8m $27.8m 7.87% Added +3.5k +3,537
48 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 941,688941.7k $27.4m $27.4m 0.01% Added +213.0k +213,047
49 TruNorth Capital Management, LLC 5.10% of their portfolio KALAMAZOO, MI 915,652915.7k $26.6m $26.6m 5.10% Reduced -16.1k -16,090
50 Dynamic Advisor Solutions LLC 0.80% of their portfolio PHOENIX, AZ 877,551877.6k $25.5m $25.5m 0.80% Added +12.0k +12,035
51 OLD NATIONAL BANCORP /IN/ 0.42% of their portfolio EVANSVILLE, IN 869,249869.2k $25.3m $25.3m 0.42% Added +151.3k +151,258
52 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 848,452848.5k $24.7m $24.7m 0.00% Reduced -135.8k -135,801
53 FIDELIS iM, LLC 9.33% of their portfolio MEDFORD, OR 848,134848.1k $24.7m $24.7m 9.33% Added +25.2k +25,165
54 Chicago Partners Investment Group LLC 0.59% of their portfolio CHICAGO, IL 821,213821.2k $26.5m $26.5m 0.59% Added +56.9k +56,893
55 Charles Schwab Trust Co 1.54% of their portfolio HENDERSON, NV 817,522817.5k $23.8m $23.8m 1.54% Added +34.7k +34,738
56 Legacy Wealth Management, LLC 1.38% of their portfolio MEMPHIS, TN 814,448814.4k $23.7m $23.7m 1.38% Reduced -31.8k -31,751
57 Joule Financial, LLC 6.75% of their portfolio Lexington, KY 796,701796.7k $23.2m $23.2m 6.75% Reduced -5.9k -5,906
58 Visionary Wealth Advisors 1.01% of their portfolio O'FALLON, IL 786,564786.6k $22.9m $22.9m 1.01% Added +62.6k +62,561
59 Cambridge Investment Research Advisors, Inc. 0.06% of their portfolio FAIRFIELD, IA 775,194775.2k $22.5m $22.5m 0.06% Added +57.8k +57,784
60 EXCHANGE TRADED CONCEPTS, LLC 0.17% of their portfolio Oklahoma City, OK 746,866746.9k $21.7m $21.7m 0.17% Added +29.8k +29,763
61 Summit Financial Strategies, Inc. 1.70% of their portfolio Columbus, OH 740,763740.8k $21.5m $21.5m 1.70% Reduced -172.1k -172,061
62 White & Co Financial Planning Inc 14.89% of their portfolio SUNNYSIDE, WA 728,443728.4k $21.2m $21.2m 14.89% Reduced -8.4k -8,355
63 Ascension Capital Advisors, Inc. 6.50% of their portfolio Houston, TX 710,716710.7k $20.7m $20.7m 6.50% Added +10.3k +10,293
64 SAGE FINANCIAL GROUP INC 1.33% of their portfolio W. CONSHOHOCKEN, PA 704,058704.1k $20.5m $20.5m 1.33% Added +9.5k +9,548
65 Merit Financial Group, LLC 0.15% of their portfolio ALPHARETTA, GA 698,182698.2k $20.3m $20.3m 0.15% Added +61.8k +61,845
66 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 693,924693.9k $19.5m $19.5m 0.00% Reduced -172.0k -172,007
67 Waterford Advisors, LLC 6.10% of their portfolio ORCHARD PARK, NY 684,686684.7k $19.2m $19.2m 6.10% Added +10.1k +10,085
68 Seneca Financial Advisors LLC 5.39% of their portfolio ROCHESTER, NY 632,949632.9k $18.4m $18.4m 5.39% Added +157.8k +157,762
69 Clearwater Capital Advisors, LLC 1.46% of their portfolio HOFFMAN ESTATES, IL 624,063624.1k $18.1m $18.1m 1.46% Added +11.8k +11,761
70 SUMMIT WEALTH & RETIREMENT PLANNING, INC. 4.12% of their portfolio EAGLE, ID 593,940593.9k $17.3m $17.3m 4.12% Added +13.5k +13,480
71 Main Street Financial Solutions, LLC 1.24% of their portfolio NEWTOWN, PA 585,190585.2k $17.0m $17.0m 1.24% Added +13.9k +13,865
72 ZynergyRetirementPlanningLLC 10.05% of their portfolio RED BANK, NJ 571,593571.6k $16.6m $16.6m 10.05% Reduced -10.7k -10,718
73 Modern Wealth Management, LLC 0.28% of their portfolio KANSAS CITY, MO 562,920562.9k $16.5m $16.5m 0.28% Added +933 +933
74 Matrix Trust Co 2.65% of their portfolio DENVER, CO 549,098549.1k $16.0m $16.0m 2.65% Reduced -836 -836
75 Bangor Savings Bank 1.26% of their portfolio BANGOR, ME 541,218541.2k $15.7m $15.7m 1.26% Reduced -77.8k -77,823
76 Prime Capital Investment Advisors, LLC 0.16% of their portfolio OVERLAND PARK, KS 487,631487.6k $14.2m $14.2m 0.16% Reduced -10.9k -10,950
77 RKL Wealth Management LLC 1.27% of their portfolio LANCASTER, PA 486,494486.5k $14.1m $14.1m 1.27% Reduced -48.0k -47,955
78 IMA Advisory Services, Inc. 1.37% of their portfolio DENVER, CO 483,863483.9k $14.1m $14.1m 1.37% Added +14.2k +14,236
79 St. Louis Trust Co 1.61% of their portfolio SAINT LOUIS, MO 473,953474.0k $13.8m $13.8m 1.61% Reduced -20.0k -19,970
80 HHM Wealth Advisors, LLC 1.56% of their portfolio CHATTANOOGA, TN 465,370465.4k $13.5m $13.5m 1.56% Added +19.7k +19,671
81 MAI Capital Management 0.08% of their portfolio INDEPENDENCE, OH 461,030461.0k $13.4m $13.4m 0.08% Added +7.0k +7,020
82 NORTH STAR ASSET MANAGEMENT INC 0.58% of their portfolio NEENAH, WI 460,464460.5k $13.4m $13.4m 0.58% Added +8.5k +8,472
83 Missouri Trust & Investment Co 3.84% of their portfolio SPRINGFIELD, MO 449,823449.8k $13.1m $13.1m 3.84% Added +61.8k +61,805
84 St. Johns Investment Management Company, LLC 5.41% of their portfolio JACKSONVILLE, FL 441,971442.0k $12.9m $12.9m 5.41% Added +8.6k +8,627
85 APPLETON PARTNERS INC/MA 0.89% of their portfolio BOSTON, MA 439,134439.1k $12.8m $12.8m 0.89% Added +887 +887
86 Lido Advisors, LLC 0.05% of their portfolio Los Angeles, CA 432,733432.7k $12.6m $12.6m 0.05% Reduced -18.0k -18,028
87 Empirical Financial Services, LLC d.b.a. Empirical Wealth Management 0.22% of their portfolio Seattle, WA 429,202429.2k $12.5m $12.5m 0.22% Reduced -84.2k -84,193
88 Christensen, King & Associates Investment Services, Inc. 5.19% of their portfolio RICHLAND, WA 415,889415.9k $12.1m $12.1m 5.19% Reduced -1.7k -1,681
89 Focus Financial Network, Inc. 0.43% of their portfolio MINNEAPOLIS, MN 414,071414.1k $12.0m $12.0m 0.43% Reduced -13.7k -13,704
90 US BANCORP \DE\ 0.01% of their portfolio MINNEAPOLIS, MN 410,300410.3k $11.9m $11.9m 0.01% Reduced -9.8k -9,848
91 Waverly Advisors, LLC 0.09% of their portfolio BIRMINGHAM, AL 408,316408.3k $11.9m $11.9m 0.09% Reduced -28.1k -28,138
92 Tradition Wealth Management, LLC 0.84% of their portfolio EDINA, MN 404,904404.9k $11.8m $11.8m 0.84% Added +7.0k +6,974
93 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 399,206399.2k $11.6m $11.6m 0.02% Reduced -3.4k -3,418
94 Tiller Private Wealth, Inc. 4.10% of their portfolio BETHLEHEM, PA 396,316396.3k $11.5m $11.5m 4.10% Reduced -6.7k -6,708
95 Lutz Financial Services LLC 0.77% of their portfolio OMAHA, NE 396,280396.3k $11.5m $11.5m 0.77% Reduced -12.1k -12,085
96 OneDigital Investment Advisors LLC 0.11% of their portfolio OVERLAND PARK, KS 394,701394.7k $11.5m $11.5m 0.11% Added +1.4k +1,401
97 Sightline Wealth Advisors, LLC 4.83% of their portfolio GROTON, CT 392,723392.7k $11.4m $11.4m 4.83% Added +14.6k +14,600
98 Essex LLC 2.01% of their portfolio DEER PARK, IL 391,403391.4k $11.4m $11.4m 2.01% Added +1.4k +1,370
99 American Financial Advisors, LLC 1.51% of their portfolio Marietta, GA 389,669389.7k $11.3m $11.3m 1.51% Reduced -2.8k -2,834
100 MML INVESTORS SERVICES, LLC 0.03% of their portfolio SPRINGFIELD, MA 379,337379.3k $11.0m $11.0m 0.03% Reduced -55.2k -55,217