Vault-13

SCHWAB STRATEGIC TR SCMB

MUN BD ETF · ETP · CUSIP 808524649

111 institutional holders +24 vs Q1 2025
64,449,43064.4m shares reported held*
$1.6bnreported value*
34 new 42 added 21 reduced 11 sold out net bought ≈ $1.4bn (+54.3m 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 ($16.9k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $25.18.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q4 22: 19Q1 23: 26Q2 23: 27Q3 23: 30Q4 23: 52Q1 24: 49Q2 24: 63Q3 24: 69Q4 24: 86Q1 25: 87Q2 25: 111111Q4 22Q2 23Q4 23Q2 24Q4 24Q2 25
Numbers
QuarterHolders
Q4 202219
Q1 202326
Q2 202327
Q3 202330
Q4 202352
Q1 202449
Q2 202463
Q3 202469
Q4 202486
Q1 202587
Q2 2025111

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 23: 16 bought or addedQ3 23: 14 cut or sold outQ4 23: 42 bought or addedQ4 23: 5 cut or sold outQ4 23Q1 24: 33 bought or addedQ1 24: 22 cut or sold outQ2 24: 39 bought or addedQ2 24: 13 cut or sold outQ2 24Q3 24: 46 bought or addedQ3 24: 20 cut or sold outQ4 24: 77 bought or addedQ4 24: 6 cut or sold outQ4 24Q1 25: 55 bought or addedQ1 25: 27 cut or sold outQ2 25: 76 bought or addedQ2 25: 32 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20231614
Q4 2023425
Q1 20243322
Q2 20243913
Q3 20244620
Q4 2024776
Q1 20255527
Q2 20257632

Biggest buyers

CHARLES SCHWAB INVESTMENT MANAGEMENT INC Added +51,476,356+51.5m
Fort Point Capital Partners LLC Added +588,813+588.8k
JONES FINANCIAL COMPANIES LLLP Added +371,347+371.3k
JANE STREET GROUP, LLC Added +307,645+307.6k
UNITED CAPITAL FINANCIAL ADVISORS, LLC Added +287,789+287.8k
ROYAL BANK OF CANADA New +261,444+261.4k
Charles Schwab Trust Co Added +204,665+204.7k
Elequin Capital, LP New +100,000+100.0k
ENVESTNET ASSET MANAGEMENT INC Added +99,133+99.1k
NATIXIS ADVISORS, LLC Added +92,127+92.1k

Biggest sellers

Rochester Wealth Strategies, LLC Sold out -247,319-247.3k
Wedmont Private Capital Reduced -84,865-84.9k
GOLDMAN SACHS GROUP INC Sold out -49,182-49.2k
Trinity Financial Advisors LLC Sold out -42,319-42.3k
RWA WEALTH PARTNERS, LLC Reduced -38,385-38.4k
Savvy Advisors, Inc. Sold out -34,268-34.3k
B. Riley Wealth Advisors, Inc. Sold out -34,100-34.1k
CGN Advisors LLC Reduced -26,889-26.9k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -25,434-25.4k
CITADEL ADVISORS LLC Sold out -20,622-20.6k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.23% of their portfolio SAN FRANCISCO, CA 52,643,70752.6m $1.3bn $1.3bn 0.23% Added +51.5m +51,476,356
2 JONES FINANCIAL COMPANIES LLLP 0.06% of their portfolio DES PERES, MO 2,950,2443.0m $74.3m $74.3m 0.06% Added +371.3k +371,347
3 Fort Point Capital Partners LLC 3.13% of their portfolio San Francisco, CA 1,241,5081.2m $31.3m $31.3m 3.13% Added +588.8k +588,813
4 Pallas Capital Advisors LLC 0.72% of their portfolio BRAINTREE, MA 755,515755.5k $19.0m $19.0m 0.72% Added +86.3k +86,264
5 Charles Schwab Trust Co 1.39% of their portfolio HENDERSON, NV 733,104733.1k $18.5m $18.5m 1.39% Added +204.7k +204,665
6 JANE STREET GROUP, LLC 0.02% of their portfolio NEW YORK, NY 522,022522.0k $13.1m $13.1m 0.02% Added +307.6k +307,645
7 Wedmont Private Capital 0.52% of their portfolio WEST CHESTER, PA 489,484489.5k $12.3m $12.3m 0.52% Reduced -84.9k -84,865
8 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.09% of their portfolio IRVING, TX 462,276462.3k $11.6m $11.6m 0.09% Added +287.8k +287,789
9 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 453,989454.0k $11.4m $11.4m 0.00% Reduced -5.2k -5,248
10 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 320,242320.2k $8.1m $8.1m 0.00% Added +99.1k +99,133
11 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 261,444261.4k $6.6m $6.6m 0.00% New
12 Beaird Harris Wealth Management, LLC 0.41% of their portfolio DALLAS, TX 209,152209.2k $5.3m $5.3m 0.41% Reduced -2.6k -2,650
13 CGN Advisors LLC 0.47% of their portfolio MANHATTAN, KS 207,164207.2k $5.2m $5.2m 0.47% Reduced -26.9k -26,889
14 Perigon Wealth Management, LLC 0.11% of their portfolio SAN FRANCISCO, CA 179,898179.9k $4.5m $4.5m 0.11% Added +14.7k +14,740
15 MYECFO, LLC 1.79% of their portfolio La Jolla, CA 145,160145.2k $3.7m $3.7m 1.79% Added +12.4k +12,400
16 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 134,584134.6k $3.4m $3.4m 0.01% Added +77.6k +77,574
17 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 128,813128.8k $3.2m $3.2m 0.00% Added +80.3k +80,303
18 NATIXIS ADVISORS, LLC 0.00% of their portfolio Boston, MA 119,749119.7k $3.0m $3.0m 0.00% Added +92.1k +92,127
19 Elequin Capital, LP 0.35% of their portfolio NEW YORK, NY 100,000100.0k $2.5m $2.5m 0.35% New
20 RWA WEALTH PARTNERS, LLC 0.03% of their portfolio BOSTON, MA 98,81298.8k $2.5m $2.5m 0.03% Reduced -38.4k -38,385
21 Quantinno Capital Management LP 0.01% of their portfolio NEW YORK, NY 91,76591.8k $2.3m $2.3m 0.01% New
22 PURE PORTFOLIOS HOLDINGS LLC 0.75% of their portfolio LAKE OSWEGO, OR 87,74887.7k $2.2m $2.2m 0.75% Added +72.7k +72,663
23 CORNERSTONE ADVISORS ASSET MANAGEMENT, LLC 0.41% of their portfolio BETHLEHEM, PA 85,20385.2k $2.1m $2.1m 0.41% Added +4.1k +4,084
24 VanderPol Investments L.L.C. 4.43% of their portfolio CALEDONIA, MI 83,78583.8k $2.1m $2.1m 4.43% Reduced -2.6k -2,614
25 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 78,19578.2k $2.0m $2.0m 0.01% Added +38.6k +38,647
26 Avidian Wealth Enterprises, LLC 0.08% of their portfolio Houston, TX 77,35577.4k $1.9m $1.9m 0.08% New
27 O'ROURKE & COMPANY, Inc 0.89% of their portfolio BOSTON, MA 76,02176.0k $1.9m $1.9m 0.89% Reduced -12.5k -12,472
28 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 75,00075.0k $1.9m $1.9m 0.00% Added +10.0k +10,000
29 Ackerman Capital Advisors, LLC 0.41% of their portfolio DALLAS, TX 69,48269.5k $1.7m $1.7m 0.41% New
30 Investment Planning Advisors, Inc. 0.55% of their portfolio CUMMING, GA 62,03962.0k $1.6m $1.6m 0.55% Added +6.6k +6,572
31 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 58,75558.8k $1.5m $1.5m 0.00% New
32 Meridian Wealth Management, LLC 0.06% of their portfolio LEXINGTON, KY 57,39257.4k $1.4m $1.4m 0.06% Added +57 +57
33 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 55,47755.5k $1.4m $1.4m 0.00% Added +16.8k +16,778
34 CREATIVE FINANCIAL DESIGNS INC /ADV 0.10% of their portfolio KOKOMO, IN 53,96954.0k $1.4m $1.4m 0.10% Reduced -3.5k -3,523
35 TSA Wealth Managment LLC 0.49% of their portfolio HOUSTON, TX 52,74752.7k $1.3m $1.3m 0.49% Added +24.3k +24,342
36 Northeast Financial Group, Inc. 0.41% of their portfolio Allentown, PA 51,67651.7k $1.3m $1.3m 0.41% Added +13.1k +13,136
37 Coastal Bridge Advisors, LLC 0.10% of their portfolio WESTPORT, CT 47,20247.2k $1.2m $1.2m 0.10% New
38 SMITH, MOORE & CO. 0.09% of their portfolio CLAYTON, MO 44,86044.9k $1.1m $1.1m 0.09% New
39 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 44,66044.7k $1.1m $1.1m 0.00% Reduced -14.3k -14,258
40 Columbus Macro, LLC 0.14% of their portfolio NEW CASTLE, PA 43,94643.9k $1.1m $1.1m 0.14% Reduced -16.1k -16,080
41 Francis Financial, Inc. 0.25% of their portfolio NEW YORK, NY 42,67142.7k $1.1m $1.1m 0.25% New
42 DONALDSON CAPITAL MANAGEMENT, LLC 0.04% of their portfolio EVANSVILLE, IN 41,88741.9k $1.1m $1.1m 0.04% Unchanged
43 Resonant Capital Advisors, LLC 0.07% of their portfolio Madison, WI 41,04641.0k $1.0m $1.0m 0.07% Added +4.8k +4,839
44 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 34,64734.6k $872.4k $872.4k 0.00% Reduced -903 -903
45 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 34,24934.2k $862.4k $862.4k 0.00% Reduced -4.6k -4,644
46 Legacy Wealth Management, LLC 0.05% of their portfolio MEMPHIS, TN 34,19334.2k $861.0k $861.0k 0.05% Added +22.1k +22,083
47 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 33,20533.2k $836.0k $836.0k 0.00% New
48 AdvisorNet Financial, Inc 0.05% of their portfolio MINNETONKA, MN 32,12832.1k $809.0k $809.0k 0.05% Unchanged
49 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 31,90431.9k $803.3k $803.3k 0.00% Added +2.2k +2,202
50 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 26,42626.4k $665.4k $665.4k 0.00% New
51 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 25,81225.8k $649.9k $649.9k 0.00% Added +49 +49
52 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 24,80224.8k $624.5k $624.5k 0.00% Added +411 +411
53 Family Capital Management, Inc. 0.32% of their portfolio GRAND RAPIDS, MI 24,52724.5k $617.6k $617.6k 0.32% Added +1.3k +1,279
54 Blueprint Financial Advisors LLC 0.20% of their portfolio GREENSBOTO, NC 24,24524.2k $610.5k $610.5k 0.20% New
55 Compass Financial Group, INC/SD 0.10% of their portfolio Sioux Falls, SD 23,03623.0k $580.0k $580.0k 0.10% Added +539 +539
56 Root Financial Partners, LLC 0.06% of their portfolio ENCINITAS, CA 22,67222.7k $570.9k $570.9k 0.06% Unchanged
57 PEAPACK GLADSTONE FINANCIAL CORP 0.01% of their portfolio BEDMINSTER, NJ 22,59822.6k $569.0k $569.0k 0.01% New
58 Berger Financial Group, Inc 0.03% of their portfolio PLYMOUTH, MN 20,64420.6k $519.8k $519.8k 0.03% Reduced -3.9k -3,916
59 Altiora Financial Group, LLC 0.10% of their portfolio LEBANON, OH 20,00020.0k $503.6k $503.6k 0.10% Unchanged
60 VESTIA PERSONAL WEALTH ADVISORS 0.32% of their portfolio FORT WAYNE, IN 18,72818.7k $471.6k $471.6k 0.32% New
61 Waverly Advisors, LLC 0.01% of their portfolio BIRMINGHAM, AL 18,20218.2k $458.3k $458.3k 0.01% New
62 FF Advisors,LLC 0.23% of their portfolio MANHATTAN BEACH, CA 17,98118.0k $452.8k $452.8k 0.23% Unchanged
63 Galvin, Gaustad & Stein, LLC 0.04% of their portfolio Scottsdale, AZ 17,62817.6k $443.9k $443.9k 0.04% Added +638 +638
64 CreativeOne Wealth, LLC 0.01% of their portfolio OVERLAND PARK, KS 16,33716.3k $411.4k $411.4k 0.01% Added +4.1k +4,086
65 VCI Wealth Management LLC 0.14% of their portfolio ST LOUIS, MO 15,98216.0k $402.4k $402.4k 0.14% Added +505 +505
66 Grant Street Asset Management, Inc. 0.09% of their portfolio CANONSBURG, PA 15,77615.8k $397.2k $397.2k 0.09% Added +111 +111
67 Golden Bell Financial Planning LLC 0.37% of their portfolio ALPHARETTA, GA 15,45515.5k $389.2k $389.2k 0.37% Added +1.7k +1,694
68 GREAT VALLEY ADVISOR GROUP, INC. 0.01% of their portfolio WILMINGTON, DE 15,28515.3k $384.9k $384.9k 0.01% New
69 Sequoia Financial Advisors, LLC 0.00% of their portfolio Akron, OH 14,79114.8k $372.4k $372.4k 0.00% Reduced -3.7k -3,671
70 Continuum Advisory, LLC 0.04% of their portfolio EAGLE, ID 14,63114.6k $368.4k $368.4k 0.04% Added +13.8k +13,831
71 CAP Partners, LLC 0.23% of their portfolio FRANKLIN, TN 14,55414.6k $366.5k $366.5k 0.23% Added +1.1k +1,101
72 Gemmer Asset Management LLC 0.03% of their portfolio WALNUT CREEK, CA 13,83113.8k $348.3k $348.3k 0.03% Added +3.5k +3,491
73 FIDUCIARY FINANCIAL GROUP, LLC 0.06% of their portfolio SAN RAFAEL, CA 12,84412.8k $322.5k $322.5k 0.06% Reduced -7.7k -7,734
74 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 12,51612.5k $315.2k $315.2k 0.00% New
75 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 12,10812.1k $305.0k $305.0k 0.00% New
76 Canal Capital Management, LLC 0.04% of their portfolio Richmond, VA 10,72310.7k $270.0k $270.0k 0.04% New
77 Orion Porfolio Solutions, LLC 0.00% of their portfolio OMAHA, NE 10,68910.7k $269.1k $269.1k 0.00% New
78 Asset Allocation Strategies LLC 0.06% of their portfolio FARMINGTON, MI 10,60910.6k $267.1k $267.1k 0.06% Reduced -517 -517
79 Bedel Financial Consulting, Inc. 0.04% of their portfolio INDIANAPOLIS, IN 10,51310.5k $264.7k $264.7k 0.04% Added +561 +561
80 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 10,08310.1k $253.9k $253.9k 0.00% New
81 SageView Advisory Group, LLC 0.01% of their portfolio Newport Beach, CA 9,9409.9k $247.9k $247.9k 0.01% New
82 Breakwater Investment Management 0.09% of their portfolio SEATTLE, WA 9,7409.7k $245.3k $245.3k 0.09% New
83 HARBOUR INVESTMENTS, INC. 0.01% of their portfolio MADISON, WI 9,2529.3k $233.0k $233.0k 0.01% Added +4.7k +4,660
84 Heartwood Wealth Advisors LLC 0.02% of their portfolio RICHMOND, VA 9,2439.2k $232.7k $232.7k 0.02% New
85 BURLING WEALTH PARTNERS, LLC 0.04% of their portfolio CHICAGO, IL 8,6258.6k $217.2k $217.2k 0.04% New
86 FLPUTNAM INVESTMENT MANAGEMENT CO 0.00% of their portfolio PORTLAND, ME 8,3298.3k $209.7k $209.7k 0.00% Reduced -18.3k -18,263
87 Mariner, LLC 0.00% of their portfolio Overland Park, KS 8,2008.2k $206.5k $206.5k 0.00% Unchanged
88 Breakwater Capital Group 0.03% of their portfolio PARAMUS, NJ 8,1948.2k $206.3k $206.3k 0.03% New
89 HOWE & RUSLING INC 0.02% of their portfolio ROCHESTER, NY 8,1748.2k $205.8k $205.8k 0.02% New
90 WEST PACES ADVISORS INC. 0.04% of their portfolio ATLANTA, GA 6,6156.6k $166.6k $166.6k 0.04% Reduced -4.0k -3,950
91 Nalls Sherbakoff Group, LLC 0.11% of their portfolio KNOXVILLE, TN 6,1196.1k $154.1k $154.1k 0.11% New
92 CIBC Private Wealth Group LLC 0.00% of their portfolio ATLANTA, GA 6,0006.0k $151.1k $151.1k 0.00% Unchanged
93 CHAPMAN FINANCIAL GROUP, LLC 0.12% of their portfolio KAILUA, HI 5,8005.8k $146.0k $146.0k 0.12% First filing
94 WealthShield Partners, LLC 0.02% of their portfolio CARY, NC 5,7245.7k $144.1k $144.1k 0.02% Unchanged
95 Ameritas Advisory Services, LLC 0.01% of their portfolio Lincoln, NE 5,5305.5k $139.2k $139.2k 0.01% New
96 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 4,3684.4k $110.0k $110.0k 0.00% New
97 Capital Analysts, LLC 0.00% of their portfolio FORT WASHINGTON, PA 3,8743.9k $98.0k $98.0k 0.00% Added +1.1k +1,083
98 Larson Financial Group LLC 0.00% of their portfolio ST LOUIS, MO 3,8093.8k $95.9k $95.9k 0.00% Added +2.8k +2,801
99 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 3,2903.3k $82.8k $82.8k 0.00% Unchanged
100 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 1,2581.3k $31.7k $31.7k 0.00% Unchanged