Vault-13

SCHWAB STRATEGIC TR SCHA

US SML CAP ETF · ETP · CUSIP 808524607

1,350 institutional holders +88 vs Q1 2026
251,924,582251.9m shares reported held*
$9.0bnreported value*
130 new 476 added 506 reduced 39 sold out net bought ≈ $188.6m (+5.3m 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 ($17.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $35.92. Options: 6 managers hold calls ($18.2m notional), 0 hold puts (—).

Trends to Q2 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: 1,262Q2 26: 1,3501,350Q3 22Q3 23Q3 24Q3 25Q2 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
Q2 20261,350

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ3 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 25Q3 25: 499 bought or addedQ3 25: 516 cut or sold outQ4 25: 539 bought or addedQ4 25: 502 cut or sold outQ4 25Q1 26: 542 bought or addedQ1 26: 534 cut or sold outQ2 26: 606 bought or addedQ2 26: 545 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 2024517432
Q4 2024494504
Q1 2025509532
Q2 2025529508
Q3 2025499516
Q4 2025539502
Q1 2026542534
Q2 2026606545

Calls vs puts

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

CallsPuts
$0$5m$10m$15m$20mQ3 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 0.00Q2 26 calls: $18.2mQ2 26 puts: $0Q2 26P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2025$14.4m$00.00
Q4 2025$14.3m$00.00
Q1 2026$11.5m$00.00
Q2 2026$18.2m$00.00

Biggest buyers

Savant Capital, LLC Added +1,452,482+1.5m
Cambridge Investment Research Advisors, Inc. Added +798,062+798.1k
Empower Advisory Group, LLC Added +794,004+794.0k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +699,041+699.0k
Strategic Financial Planning, Inc. New +605,509+605.5k
TWO SIGMA INVESTMENTS, LP New +546,800+546.8k
Janney Montgomery Scott LLC Added +362,645+362.6k
Focus Partners Wealth Added +354,908+354.9k
Diversify Advisory Services, LLC New +348,154+348.2k
AVALON CAPITAL MANAGEMENT New +343,708+343.7k

Biggest sellers

BANK OF AMERICA CORP /DE/ Reduced -833,978-834.0k
SEI INVESTMENTS CO Reduced -825,857-825.9k
GOLDMAN SACHS GROUP INC Reduced -569,488-569.5k
Financial Engines Advisors L.L.C. Reduced -392,371-392.4k
L2 Asset Management, LLC Sold out -359,851-359.9k
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduced -299,044-299.0k
Victrix Investment Advisors Sold out -247,727-247.7k
DEBUSSY CAPITAL MANAGEMENT LP Sold out -237,413-237.4k
JPMORGAN CHASE & CO Reduced -191,296-191.3k
CITADEL ADVISORS LLC Sold out -174,856-174.9k

Biggest calls

IMC-Chicago, LLC Reduced $7.6m239.2k shares
GROUP ONE TRADING LLC Added $4.4m138.9k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $4.3m120.1k shares
CITADEL ADVISORS LLC Added $946.6k26.2k shares
HRT FINANCIAL LP New $672.0k21.2k shares
JANE STREET GROUP, LLC New $278.2k7.7k 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 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Empower Advisory Group, LLC 3.25% of their portfolio Greenwood Village, CO 37,697,75437.7m $1.4bn $1.4bn 3.25% Added +794.0k +794,004
2 SEI INVESTMENTS CO 0.44% of their portfolio OAKS, PA 13,908,96013.9m $502.5m $502.5m 0.44% Reduced -825.9k -825,857
3 BANK OF AMERICA CORP /DE/ 0.03% of their portfolio CHARLOTTE, NC 13,753,54813.8m $496.9m $496.9m 0.03% Reduced -834.0k -833,978
4 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.12% of their portfolio MILWAUKEE, WI 6,100,9876.1m $220.4m $220.4m 0.12% Added +297.0k +296,974
5 Creative Planning 0.12% of their portfolio OVERLAND PARK, KS 5,873,6705.9m $212.2m $212.2m 0.12% Reduced -119.3k -119,304
6 UBS Group AG 0.03% of their portfolio ZURICH, V8 5,171,1495.2m $186.8m $186.8m 0.03% Added +41.4k +41,425
7 Financial Engines Advisors L.L.C. 0.27% of their portfolio SANTA CLARA, CA 4,190,9884.2m $151.4m $151.4m 0.27% Reduced -392.4k -392,371
8 Cerity Partners LLC 0.17% of their portfolio NEW YORK, NY 4,000,3644.0m $136.2m $136.2m 0.17% Added +156.1k +156,120
9 Advisory Alpha, LLC 3.36% of their portfolio HOLLAND, MI 3,796,2403.8m $137.2m $137.2m 3.36% Reduced -85.6k -85,576
10 Mariner, LLC 0.12% of their portfolio Overland Park, KS 3,288,4103.3m $118.8m $118.8m 0.12% Reduced -97.7k -97,677
11 Savant Capital, LLC 0.28% of their portfolio ROCKFORD, IL 2,917,0952.9m $95.0m $95.0m 0.28% Added +1.5m +1,452,482
12 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.16% of their portfolio PLYMOUTH, MN 2,788,8012.8m $97.4m $97.4m 0.16% Added +100.3k +100,291
13 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 2,640,3542.6m $95.4m $95.4m 0.02% Reduced -56.8k -56,838
14 Steele Capital Management, Inc. 3.03% of their portfolio DUBUQUE, IA 2,273,7432.3m $82.2m $82.2m 3.03% Added +11.7k +11,657
15 JONES FINANCIAL COMPANIES LLLP 0.03% of their portfolio DES PERES, MO 2,113,7282.1m $75.2m $75.2m 0.03% Added +244.1k +244,123
16 MONETA GROUP INVESTMENT ADVISORS LLC 0.56% of their portfolio ST LOUIS, MO 2,090,2362.1m $75.5m $75.5m 0.56% Added +64.6k +64,569
17 MERCER GLOBAL ADVISORS INC /ADV 0.09% of their portfolio DENVER, CO 2,030,6192.0m $73.4m $73.4m 0.09% Added +22.0k +21,978
18 VANTAGEPOINT INVESTMENT ADVISERS LLC 0.55% of their portfolio WASHINGTON, DC 2,027,2442.0m $73.2m $73.2m 0.55% Unchanged
19 OSAIC HOLDINGS, INC. 0.08% of their portfolio SCOTTSDALE, AZ 1,900,5931.9m $68.7m $68.7m 0.08% Added +57.9k +57,902
20 Betterment LLC 0.11% of their portfolio NEW YORK, NY 1,753,5791.8m $63.4m $63.4m 0.11% Reduced -86.3k -86,317
21 SIMS INVESTMENT MANAGEMENT, LLC 19.38% of their portfolio CINCINNATI, OH 1,734,4531.7m $62.7m $62.7m 19.38% Reduced -316 -316
22 New York Life Investment Management LLC 0.43% of their portfolio New York, NY 1,694,7991.7m $61.2m $61.2m 0.43% Reduced -76.9k -76,891
23 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 1,675,6951.7m $60.5m $60.5m 0.01% Added +25.6k +25,621
24 Focus Partners Wealth 0.06% of their portfolio ST LOUIS, MO 1,667,9571.7m $60.3m $60.3m 0.06% Added +354.9k +354,908
25 CoreCap Advisors, LLC 1.77% of their portfolio SOUTHFIELD, MI 1,656,8851.7m $59.9m $59.9m 1.77% Added +61.9k +61,945
26 HighTower Advisors, LLC 0.06% of their portfolio CHICAGO, IL 1,621,5681.6m $58.6m $58.6m 0.06% Reduced -161.0k -160,982
27 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,598,8771.6m $57.8m $57.8m 0.00% Reduced -3.0k -3,050
28 Cambridge Investment Research Advisors, Inc. 0.06% of their portfolio FAIRFIELD, IA 1,573,2561.6m $56.8m $56.8m 0.06% Added +798.1k +798,062
29 Golden Reserve Retirement LLC 8.69% of their portfolio DUBLIN, OH 1,526,5351.5m $55.2m $55.2m 8.69% Added +25.7k +25,745
30 Gemmer Asset Management LLC 3.68% of their portfolio WALNUT CREEK, CA 1,517,1471.5m $54.8m $54.8m 3.68% Reduced -4.1k -4,149
31 93 Financial Group, LLC 21.52% of their portfolio WOBURN, MA 1,508,9041.5m $54.5m $54.5m 21.52% Reduced -99.7k -99,741
32 RMG Wealth Management LLC 5.44% of their portfolio PLATTEVILLE, WI 1,502,4291.5m $52.7m $52.7m 5.44% Added +2.0k +2,020
33 Kohmann Bosshard Financial Services, LLC 4.42% of their portfolio FAIRLAWN, OH 1,442,9161.4m $52.1m $52.1m 4.42% Added +36.5k +36,451
34 Cetera Investment Advisers 0.04% of their portfolio SCHAUMBURG, IL 1,329,9131.3m $48.0m $48.0m 0.04% Added +58.1k +58,139
35 STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 0.03% of their portfolio BLOOMINGTON, IL 1,313,1111.3m $47.4m $47.4m 0.03% Added +328.0k +327,976
36 Corient Private Wealth LP 0.06% of their portfolio MIAMI, FL 1,241,5831.2m $44.9m $44.9m 0.06% Reduced -143.3k -143,340
37 Mokosak Advisory Group, LLC 9.26% of their portfolio URBANDALE, IA 1,183,9051.2m $42.8m $42.8m 9.26% Reduced -13.0k -12,960
38 RAINEY & RANDALL WEALTH ADVISORS INC. 6.08% of their portfolio Celebration, FL 1,176,9511.2m $42.5m $42.5m 6.08% Reduced -4.8k -4,756
39 CAPTRUST FINANCIAL ADVISORS 0.06% of their portfolio RALEIGH, NC 1,142,7271.1m $41.3m $41.3m 0.06% Added +36.6k +36,621
40 JOHNSON INVESTMENT COUNSEL INC 0.30% of their portfolio Cincinnati, OH 1,133,5501.1m $41.0m $41.0m 0.30% Added +88.5k +88,546
41 BlueSky Wealth Advisors, LLC 4.59% of their portfolio New Bern, NC 1,096,9731.1m $39.6m $39.6m 4.59% Added +57.8k +57,839
42 Kestra Advisory Services, LLC 0.12% of their portfolio AUSTIN, TX 1,018,7031.0m $36.8m $36.8m 0.12% Added +28.9k +28,944
43 Beacon Pointe Advisors, LLC 0.17% of their portfolio NEWPORT BEACH, CA 997,223997.2k $36.0m $36.0m 0.17% Reduced -47.1k -47,073
44 KLINGENSTEIN FIELDS & CO LP 1.25% of their portfolio NEW YORK, NY 991,435991.4k $35.8m $35.8m 1.25% Reduced -36.9k -36,862
45 Noble Family Wealth, LLC 6.39% of their portfolio Clearwater, FL 988,541988.5k $35.7m $35.7m 6.39% Added +2.2k +2,235
46 TruNorth Capital Management, LLC 5.50% of their portfolio KALAMAZOO, MI 947,282947.3k $34.2m $34.2m 5.50% Added +31.6k +31,630
47 ForthRight Wealth Management, LLC 8.71% of their portfolio ALPHARETTA, GA 942,364942.4k $34.0m $34.0m 8.71% Reduced -12.2k -12,197
48 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 935,401935.4k $33.8m $33.8m 0.01% Reduced -6.3k -6,287
49 Dynamic Advisor Solutions LLC 0.92% of their portfolio PHOENIX, AZ 899,273899.3k $32.5m $32.5m 0.92% Added +21.7k +21,722
50 EXCHANGE TRADED CONCEPTS, LLC 0.16% of their portfolio Oklahoma City, OK 892,690892.7k $32.3m $32.3m 0.16% Added +145.8k +145,824
51 Merit Financial Group, LLC 0.20% of their portfolio ALPHARETTA, GA 874,953875.0k $31.6m $31.6m 0.20% Added +176.8k +176,771
52 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 869,757869.8k $31.4m $31.4m 0.01% Added +21.3k +21,305
53 Charles Schwab Trust Co 1.75% of their portfolio HENDERSON, NV 869,300869.3k $31.4m $31.4m 1.75% Added +51.8k +51,778
54 Chicago Partners Investment Group LLC 0.59% of their portfolio CHICAGO, IL 860,517860.5k $29.5m $29.5m 0.59% Added +39.3k +39,304
55 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 0.41% of their portfolio MINNEAPOLIS, MN 858,257858.3k $31.0m $31.0m 0.41% Reduced -107.9k -107,939
56 FIDELIS iM, LLC 10.36% of their portfolio MEDFORD, OR 840,682840.7k $30.4m $30.4m 10.36% Reduced -7.5k -7,452
57 OLD NATIONAL BANCORP /IN/ 0.60% of their portfolio EVANSVILLE, IN 838,856838.9k $30.3m $30.3m 0.60% Reduced -30.4k -30,393
58 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 830,684830.7k $30.0m $30.0m 0.00% Reduced -569.5k -569,488
59 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.03% of their portfolio BALA CYNWYD, PA 782,025782.0k $28.3m $28.3m 0.03% Added +699.0k +699,041
60 Joule Financial, LLC 7.61% of their portfolio Lexington, KY 776,769776.8k $28.1m $28.1m 7.61% Reduced -19.9k -19,932
61 Legacy Wealth Management, LLC 1.39% of their portfolio MEMPHIS, TN 732,766732.8k $26.5m $26.5m 1.39% Reduced -81.7k -81,682
62 Seneca Financial Advisors LLC 6.68% of their portfolio ROCHESTER, NY 712,389712.4k $25.7m $25.7m 6.68% Added +79.4k +79,440
63 SAGE FINANCIAL GROUP INC 1.42% of their portfolio W. CONSHOHOCKEN, PA 711,360711.4k $25.7m $25.7m 1.42% Added +7.3k +7,302
64 White & Co Financial Planning Inc 15.83% of their portfolio SUNNYSIDE, WA 707,188707.2k $25.6m $25.6m 15.83% Reduced -21.3k -21,255
65 Ascension Capital Advisors, Inc. 7.14% of their portfolio Houston, TX 703,738703.7k $25.4m $25.4m 7.14% Reduced -7.0k -6,978
66 Waterford Advisors, LLC 6.93% of their portfolio ORCHARD PARK, NY 702,414702.4k $25.4m $25.4m 6.93% Added +17.7k +17,728
67 Visionary Wealth Advisors 0.91% of their portfolio O'FALLON, IL 635,327635.3k $23.0m $23.0m 0.91% Reduced -151.2k -151,237
68 Summit Financial Strategies, Inc. 1.61% of their portfolio Columbus, OH 634,987635.0k $22.9m $22.9m 1.61% Reduced -105.8k -105,776
69 SUMMIT WEALTH & RETIREMENT PLANNING, INC. 4.70% of their portfolio EAGLE, ID 614,388614.4k $22.2m $22.2m 4.70% Added +20.4k +20,448
70 Strategic Financial Planning, Inc. 11.42% of their portfolio PLANO, TX 605,509605.5k $21.9m $21.9m 11.42% New
71 Clearwater Capital Advisors, LLC 1.59% of their portfolio HOFFMAN ESTATES, IL 602,201602.2k $21.8m $21.8m 1.59% Reduced -21.9k -21,862
72 Main Street Financial Solutions, LLC 1.39% of their portfolio NEWTOWN, PA 600,008600.0k $21.7m $21.7m 1.39% Added +14.8k +14,818
73 ZynergyRetirementPlanningLLC 11.08% of their portfolio RED BANK, NJ 565,809565.8k $20.4m $20.4m 11.08% Reduced -5.8k -5,784
74 Matrix Trust Co 2.90% of their portfolio DENVER, CO 553,341553.3k $20.0m $20.0m 2.90% Added +4.2k +4,243
75 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 546,800546.8k $19.8m $19.8m 0.01% New
76 Modern Wealth Management, LLC 0.23% of their portfolio KANSAS CITY, MO 538,864538.9k $19.5m $19.5m 0.23% Reduced -24.1k -24,056
77 Bangor Savings Bank 1.38% of their portfolio BANGOR, ME 517,818517.8k $18.7m $18.7m 1.38% Reduced -23.4k -23,400
78 OneDigital Investment Advisors LLC 0.16% of their portfolio OVERLAND PARK, KS 509,519509.5k $18.4m $18.4m 0.16% Added +114.8k +114,818
79 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 502,628502.6k $17.9m $17.9m 0.00% Reduced -191.3k -191,296
80 IMA Advisory Services, Inc. 1.12% of their portfolio DENVER, CO 496,630496.6k $17.9m $17.9m 1.12% Added +12.8k +12,767
81 MAI Capital Management 0.07% of their portfolio INDEPENDENCE, OH 486,058486.1k $17.6m $17.6m 0.07% Added +25.0k +25,028
82 Janney Montgomery Scott LLC 0.03% of their portfolio PHILADELPHIA, PA 485,665485.7k $17.5m $17.5m 0.03% Added +362.6k +362,645
83 RKL Wealth Management LLC 1.39% of their portfolio LANCASTER, PA 480,896480.9k $17.4m $17.4m 1.39% Reduced -5.6k -5,598
84 HHM Wealth Advisors, LLC 1.74% of their portfolio CHATTANOOGA, TN 479,778479.8k $17.3m $17.3m 1.74% Added +14.4k +14,408
85 Prime Capital Investment Advisors, LLC 0.17% of their portfolio OVERLAND PARK, KS 479,299479.3k $17.3m $17.3m 0.17% Reduced -8.3k -8,332
86 NORTH STAR ASSET MANAGEMENT INC 0.67% of their portfolio NEENAH, WI 473,999474.0k $17.1m $17.1m 0.67% Added +13.5k +13,535
87 St. Louis Trust Co 0.34% of their portfolio SAINT LOUIS, MO 473,953474.0k $3.3m $3.3m 0.34% Unchanged
88 AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio Greenwich, CT 465,595465.6k $16.8m $16.8m 0.01% Added +112.9k +112,894
89 Missouri Trust & Investment Co 4.03% of their portfolio SPRINGFIELD, MO 442,107442.1k $14.8m $14.8m 4.03% Reduced -7.7k -7,716
90 St. Johns Investment Management Company, LLC 5.91% of their portfolio JACKSONVILLE, FL 432,684432.7k $15.6m $15.6m 5.91% Reduced -9.3k -9,287
91 MML INVESTORS SERVICES, LLC 0.03% of their portfolio SPRINGFIELD, MA 428,306428.3k $15.5m $15.5m 0.03% Added +49.0k +48,969
92 APPLETON PARTNERS INC/MA 0.93% of their portfolio BOSTON, MA 418,124418.1k $15.1m $15.1m 0.93% Reduced -21.0k -21,010
93 Lido Advisors, LLC 0.05% of their portfolio Los Angeles, CA 416,410416.4k $15.0m $15.0m 0.05% Reduced -16.3k -16,323
94 FMR LLC 0.00% of their portfolio BOSTON, MA 415,333415.3k $15.0m $15.0m 0.00% Added +38.4k +38,413
95 Empirical Financial Services, LLC d.b.a. Empirical Wealth Management 0.22% of their portfolio Seattle, WA 414,348414.3k $15.0m $15.0m 0.22% Reduced -14.9k -14,854
96 Sightline Wealth Advisors, LLC 5.43% of their portfolio GROTON, CT 410,967411.0k $14.8m $14.8m 5.43% Added +18.2k +18,244
97 US BANCORP \DE\ 0.02% of their portfolio MINNEAPOLIS, MN 410,907410.9k $14.8m $14.8m 0.02% Added +607 +607
98 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 407,942407.9k $14.7m $14.7m 0.00% Added +120.2k +120,162
99 Christensen, King & Associates Investment Services, Inc. 5.83% of their portfolio RICHLAND, WA 406,286406.3k $14.7m $14.7m 5.83% Reduced -9.6k -9,603
100 Tradition Wealth Management, LLC 0.90% of their portfolio EDINA, MN 405,312405.3k $14.6m $14.6m 0.90% Added +408 +408