Vault-13

SCHWAB STRATEGIC TR SMBS

MORTGAGE BACKED · ETP · CUSIP 808524615

43 institutional holders +37 vs Q1 2025
203,301,138203.3m shares reported held*
$5.2bnreported value*
37 new 2 added 2 reduced 1 sold out net bought ≈ $5.1bn (+202.1m 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. Holder counts are more reliable. Implied quarter-end price ≈ $25.47.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q4 24: 2Q1 25: 6Q2 25: 4343Q4 24Q1 25Q2 25
Numbers
QuarterHolders
Q4 20242
Q1 20256
Q2 202543

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q1 25: 4 bought or addedQ1 25: 1 cut or sold outQ1 25Q2 25: 39 bought or addedQ2 25: 3 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q1 202541
Q2 2025393

Biggest buyers

CHARLES SCHWAB INVESTMENT MANAGEMENT INC New +202,020,489+202.0m
JPMORGAN CHASE & CO New +141,868+141.9k
GOLDMAN SACHS GROUP INC New +64,733+64.7k
JANE STREET GROUP, LLC Added +57,186+57.2k
OLD MISSION CAPITAL LLC New +52,297+52.3k
CITADEL ADVISORS LLC Added +35,875+35.9k
Lido Advisors, LLC New +18,495+18.5k
LPL Financial LLC New +16,680+16.7k
SUSQUEHANNA INTERNATIONAL GROUP, LLP New +10,323+10.3k
Copperwynd Financial, LLC New +9,997+10.0k

Biggest sellers

CacheTech Inc. Reduced -182,321-182.3k
Adams Wealth Management Reduced -142,517-142.5k
TOWNSQUARE CAPITAL LLC Sold out -12,826-12.8k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.89% of their portfolio SAN FRANCISCO, CA 202,020,489202.0m $5.1bn $5.1bn 0.89% New
2 Adams Wealth Management 1.71% of their portfolio LOGAN, UT 352,798352.8k $9.0m $9.0m 1.71% Reduced -142.5k -142,517
3 CacheTech Inc. 1.65% of their portfolio LOGAN, UT 352,798352.8k $9.0m $9.0m 1.65% Reduced -182.3k -182,321
4 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 141,868141.9k $3.6m $3.6m 0.00% New
5 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 130,140130.1k $3.3m $3.3m 0.00% Added +35.9k +35,875
6 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 73,56873.6k $1.9m $1.9m 0.00% Added +57.2k +57,186
7 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 64,73364.7k $1.6m $1.6m 0.00% New
8 OLD MISSION CAPITAL LLC 0.04% of their portfolio CHICAGO, IL 52,29752.3k $1.3m $1.3m 0.04% New
9 Lido Advisors, LLC 0.00% of their portfolio Los Angeles, CA 18,49518.5k $471.1k $471.1k 0.00% New
10 CHAPMAN FINANCIAL GROUP, LLC 0.38% of their portfolio KAILUA, HI 17,77517.8k $452.7k $452.7k 0.38% First filing
11 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 16,68016.7k $424.8k $424.8k 0.00% New
12 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 10,32310.3k $262.9k $262.9k 0.00% New
13 Copperwynd Financial, LLC 0.06% of their portfolio SCOTTSDALE, AZ 9,99710.0k $254.6k $254.6k 0.06% New
14 CoreCap Advisors, LLC 0.01% of their portfolio SOUTHFIELD, MI 9,97110.0k $254.0k $254.0k 0.01% New
15 Larson Financial Group LLC 0.01% of their portfolio ST LOUIS, MO 7,5857.6k $193.2k $193.2k 0.01% New
16 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 4,5874.6k $116.8k $116.8k 0.00% New
17 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 4,0844.1k $104.0k $104.0k 0.00% New
18 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 2,3792.4k $60.6k $60.6k 0.00% New
19 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 1,9131.9k $48.7k $48.7k 0.00% New
20 HOEY INVESTMENTS, INC 0.01% of their portfolio COATESVILLE, PA 1,5571.6k $39.7k $39.7k 0.01% New
21 SYM FINANCIAL Corp 0.00% of their portfolio WINONA LAKE, IN 1,3841.4k $35.2k $35.2k 0.00% New
22 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 875875 $22.2k $22.2k 0.00% New
23 MCF Advisors LLC 0.00% of their portfolio LEXINGTON, KY 845845 $21.5k $21.5k 0.00% New
24 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 800800 $20.4k $20.4k 0.00% New
25 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 612612 $15.6k $15.6k 0.00% New
26 Binnacle Investments Inc 0.01% of their portfolio URBANDALE, IA 546546 $13.9k $13.9k 0.01% New
27 Aptus Capital Advisors, LLC 0.00% of their portfolio FAIRHOPE, AL 392392 $10.0k $10.0k 0.00% New
28 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 361361 $9.2k $9.2k 0.00% New
29 UBS Group AG 0.00% of their portfolio ZURICH, V8 208208 $5.3k $5.3k 0.00% New
30 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 199199 $5.1k $5.1k 0.00% New
31 Moser Wealth Advisors, LLC 0.00% of their portfolio BELLEVUE, WA 180180 $4.6k $4.6k 0.00% New
32 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 149149 $3.8k $3.8k 0.00% New
33 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 116116 $3.0k $3.0k 0.00% New
34 Financial Management Professionals, Inc. 0.00% of their portfolio AUSTIN, TX 115115 $2.9k $2.9k 0.00% New
35 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 104104 $2.6k $2.6k 0.00% New
36 HIGHLINE WEALTH PARTNERS LLC 0.00% of their portfolio SHERMAN OAKS, CA 8686 $2.2k $2.2k 0.00% New
37 BROWN BROTHERS HARRIMAN & CO 0.00% of their portfolio NEW YORK, NY 4747 $1.2k $1.2k 0.00% New
38 MOGY JOEL R INVESTMENT COUNSEL INC 0.00% of their portfolio BEVERLY HILLS, CA 3434 $866 $866 0.00% New
39 CENTRAL TRUST Co 0.00% of their portfolio JEFFERSON CITY, MO 2828 $714 $714 0.00% New
40 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 2222 $560 $560 0.00% New
41 Parallel Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 1212 $306 $306 0.00% New
42 Johnson Financial Group, Inc. 0.00% of their portfolio RACINE, WI 88 $204 $204 0.00% New
43 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged