Vault-13

SCHWAB STRATEGIC TR SCMB

MUN BD ETF · ETP · CUSIP 808524649

169 institutional holders +18 vs Q4 2025
106,003,173106.0m shares reported held*
$2.7bnreported value*
32 new 72 added 32 reduced 14 sold out net bought ≈ $674.1m (+26.5m 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 ($1.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $25.48.

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

0100200Q4 22: 19Q1 23: 26Q2 23: 27Q3 23: 30Q4 23: 52Q1 24: 49Q2 24: 63Q3 24: 69Q4 24: 86Q1 25: 87Q2 25: 111Q3 25: 129Q4 25: 151Q1 26: 169169Q4 22Q3 23Q2 24Q1 25Q1 26
Numbers
QuarterHolders
Q4 202219
Q1 202326
Q2 202327
Q3 202330
Q4 202352
Q1 202449
Q2 202463
Q3 202469
Q4 202486
Q1 202587
Q2 2025111
Q3 2025129
Q4 2025151
Q1 2026169

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q2 24: 39 bought or addedQ2 24: 13 cut or sold outQ3 24: 46 bought or addedQ3 24: 20 cut or sold outQ3 24Q4 24: 77 bought or addedQ4 24: 6 cut or sold outQ1 25: 55 bought or addedQ1 25: 27 cut or sold outQ1 25Q2 25: 76 bought or addedQ2 25: 32 cut or sold outQ3 25: 85 bought or addedQ3 25: 32 cut or sold outQ3 25Q4 25: 104 bought or addedQ4 25: 33 cut or sold outQ1 26: 104 bought or addedQ1 26: 46 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20243913
Q3 20244620
Q4 2024776
Q1 20255527
Q2 20257632
Q3 20258532
Q4 202510433
Q1 202610446

Biggest buyers

BANK OF AMERICA CORP /DE/ Added +21,323,660+21.3m
JONES FINANCIAL COMPANIES LLLP Added +874,762+874.8k
JANE STREET GROUP, LLC New +868,526+868.5k
Creative Planning Added +706,273+706.3k
CHARLES SCHWAB INVESTMENT MANAGEMENT INC Added +688,774+688.8k
ENVESTNET ASSET MANAGEMENT INC Added +581,349+581.3k
OLD MISSION CAPITAL LLC New +396,938+396.9k
Quantinno Capital Management LP Added +205,015+205.0k
FERGUSON WELLMAN CAPITAL MANAGEMENT, INC New +178,654+178.7k
UNITED CAPITAL FINANCIAL ADVISORS, LLC Added +133,098+133.1k

Biggest sellers

WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Reduced -161,603-161.6k
ROYAL BANK OF CANADA Reduced -105,239-105.2k
Fort Point Capital Partners LLC Reduced -58,206-58.2k
Values Added Financial LLC Sold out -49,293-49.3k
Pallas Capital Advisors LLC Reduced -48,909-48.9k
Elequin Capital, LP Sold out -35,552-35.6k
Summit Financial, LLC Sold out -31,160-31.2k
Meeder Advisory Services, Inc. Sold out -31,160-31.2k
CGN Advisors LLC Reduced -21,825-21.8k
GOLDMAN SACHS GROUP INC Sold out -15,609-15.6k

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.26% of their portfolio SAN FRANCISCO, CA 66,306,29466.3m $1.7bn $1.7bn 0.26% Added +688.8k +688,774
2 BANK OF AMERICA CORP /DE/ 0.04% of their portfolio CHARLOTTE, NC 21,959,38622.0m $559.5m $559.5m 0.04% Added +21.3m +21,323,660
3 JONES FINANCIAL COMPANIES LLLP 0.04% of their portfolio DES PERES, MO 2,975,0513.0m $75.4m $75.4m 0.04% Added +874.8k +874,762
4 Avidian Wealth Enterprises, LLC 1.21% of their portfolio Houston, TX 1,497,3251.5m $38.2m $38.2m 1.21% Reduced -9.1k -9,075
5 Charles Schwab Trust Co 1.57% of their portfolio HENDERSON, NV 949,511949.5k $24.2m $24.2m 1.57% Added +33.4k +33,436
6 JANE STREET GROUP, LLC 0.02% of their portfolio NEW YORK, NY 868,526868.5k $22.1m $22.1m 0.02% New
7 Pallas Capital Advisors LLC 0.81% of their portfolio BRAINTREE, MA 845,235845.2k $21.5m $21.5m 0.81% Reduced -48.9k -48,909
8 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.12% of their portfolio IRVING, TX 779,851779.9k $19.9m $19.9m 0.12% Added +133.1k +133,098
9 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 748,838748.8k $19.1m $19.1m 0.01% Added +706.3k +706,273
10 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 726,386726.4k $18.5m $18.5m 0.00% Added +581.3k +581,349
11 Fort Point Capital Partners LLC 2.35% of their portfolio San Francisco, CA 703,844703.8k $17.9m $17.9m 2.35% Reduced -58.2k -58,206
12 Wedmont Private Capital 0.41% of their portfolio WEST CHESTER, PA 494,149494.1k $12.7m $12.7m 0.41% Added +1.8k +1,766
13 OLD MISSION CAPITAL LLC 0.24% of their portfolio CHICAGO, IL 396,938396.9k $10.1m $10.1m 0.24% New
14 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.02% of their portfolio PLYMOUTH, MN 328,202328.2k $8.4m $8.4m 0.02% Reduced -161.6k -161,603
15 Quantinno Capital Management LP 0.01% of their portfolio NEW YORK, NY 300,660300.7k $7.7m $7.7m 0.01% Added +205.0k +205,015
16 MML INVESTORS SERVICES, LLC 0.02% of their portfolio SPRINGFIELD, MA 281,415281.4k $7.2m $7.2m 0.02% Added +73.1k +73,097
17 CGN Advisors LLC 0.55% of their portfolio MANHATTAN, KS 272,356272.4k $6.9m $6.9m 0.55% Reduced -21.8k -21,825
18 RWA WEALTH PARTNERS, LLC 0.07% of their portfolio BOSTON, MA 240,465240.5k $6.1m $6.1m 0.07% Reduced -750 -750
19 SMITH, MOORE & CO. 0.43% of their portfolio CLAYTON, MO 234,570234.6k $6.0m $6.0m 0.43% Added +76.7k +76,705
20 Perigon Wealth Management, LLC 0.10% of their portfolio SAN FRANCISCO, CA 211,797211.8k $5.4m $5.4m 0.10% Added +16.1k +16,053
21 NATIXIS ADVISORS, LLC 0.01% of their portfolio Boston, MA 192,557192.6k $4.9m $4.9m 0.01% Added +37.5k +37,509
22 Beaird Harris Wealth Management, LLC 0.33% of their portfolio DALLAS, TX 192,462192.5k $4.9m $4.9m 0.33% Reduced -12.0k -12,000
23 FERGUSON WELLMAN CAPITAL MANAGEMENT, INC 0.06% of their portfolio PORTLAND, OR 178,654178.7k $4.6m $4.6m 0.06% New
24 MYECFO, LLC 1.88% of their portfolio La Jolla, CA 176,180176.2k $4.5m $4.5m 1.88% Added +3.7k +3,740
25 Waverly Advisors, LLC 0.03% of their portfolio BIRMINGHAM, AL 144,146144.1k $3.7m $3.7m 0.03% Added +123.7k +123,744
26 CORNERSTONE ADVISORS ASSET MANAGEMENT, LLC 0.56% of their portfolio BETHLEHEM, PA 141,725141.7k $3.6m $3.6m 0.56% Added +12.5k +12,485
27 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 138,466138.5k $3.5m $3.5m 0.00% Added +2.4k +2,397
28 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 135,920135.9k $3.5m $3.5m 0.00% Added +8.6k +8,570
29 Tower Research Capital LLC (TRC) 0.09% of their portfolio NEW YORK, NY 133,724133.7k $3.4m $3.4m 0.09% Added +127.2k +127,249
30 MANNING & NAPIER ADVISORS LLC 0.04% of their portfolio Fairport, NY 117,071117.1k $3.0m $3.0m 0.04% Added +10.0k +9,962
31 Torrey Growth & Income Advisors 1.11% of their portfolio DEL MAR, CA 103,690103.7k $2.6m $2.6m 1.11% Reduced -8.6k -8,602
32 Investment Planning Advisors, Inc. 0.64% of their portfolio CUMMING, GA 90,92390.9k $2.3m $2.3m 0.64% Added +8.6k +8,592
33 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 88,34688.3k $2.3m $2.3m 0.00% Added +4.6k +4,622
34 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 80,96581.0k $2.1m $2.1m 0.00% Added +7.6k +7,559
35 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 80,00080.0k $2.0m $2.0m 0.01% Unchanged
36 Breakwater Investment Management 0.70% of their portfolio SEATTLE, WA 73,50973.5k $1.9m $1.9m 0.70% Added +5.4k +5,409
37 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 72,70772.7k $1.9m $1.9m 0.00% New
38 DONALDSON CAPITAL MANAGEMENT, LLC 0.06% of their portfolio EVANSVILLE, IN 71,79271.8k $1.8m $1.8m 0.06% Unchanged
39 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 67,59967.6k $1.7m $1.7m 0.00% Added +9.6k +9,627
40 O'ROURKE & COMPANY, Inc 0.67% of their portfolio BOSTON, MA 66,65866.7k $1.7m $1.7m 0.67% Reduced -7.3k -7,312
41 GREAT VALLEY ADVISOR GROUP, INC. 0.03% of their portfolio WILMINGTON, DE 65,92465.9k $1.7m $1.7m 0.03% Unchanged
42 TSA Wealth Managment LLC 0.54% of their portfolio HOUSTON, TX 65,28765.3k $1.7m $1.7m 0.54% Added +6.7k +6,687
43 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 65,11265.1k $1.7m $1.7m 0.00% Added +6.4k +6,357
44 Mariner, LLC 0.00% of their portfolio Overland Park, KS 63,16863.2k $1.6m $1.6m 0.00% Reduced -1.0k -1,040
45 Compass Financial Group, INC/SD 0.22% of their portfolio Sioux Falls, SD 61,32461.3k $1.6m $1.6m 0.22% Added +4.1k +4,080
46 CREATIVE FINANCIAL DESIGNS INC /ADV 0.09% of their portfolio KOKOMO, IN 60,61460.6k $1.5m $1.5m 0.09% Added +1.8k +1,817
47 NewEdge Wealth, LLC 0.02% of their portfolio STAMFORD, CT 57,94157.9k $1.5m $1.5m 0.02% New
48 Shared Vision Wealth Group LLC 0.60% of their portfolio CARLSBAD, X1 57,29157.3k $1.5m $1.5m 0.60% Added +25.3k +25,291
49 Ackerman Capital Advisors, LLC 0.28% of their portfolio DALLAS, TX 54,12954.1k $1.4m $1.4m 0.28% Reduced -9.0k -8,985
50 Meridian Wealth Management, LLC 0.05% of their portfolio LEXINGTON, KY 53,80153.8k $1.4m $1.4m 0.05% Added +633 +633
51 IFP Advisors, Inc 0.03% of their portfolio TAMPA, FL 53,42953.4k $1.4m $1.4m 0.03% Added +9.8k +9,826
52 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 53,05353.1k $1.4m $1.4m 0.00% Reduced -13.7k -13,745
53 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 51,41851.4k $1.3m $1.3m 0.00% Reduced -105.2k -105,239
54 CORE WEALTH ADVISORS, LLC 0.99% of their portfolio INDIANAPOLIS, IN 50,29550.3k $1.3m $1.3m 0.99% Unchanged
55 CHOREO, LLC 0.02% of their portfolio ROCKFORD, IL 50,05550.1k $1.3m $1.3m 0.02% New
56 Columbus Macro, LLC 0.13% of their portfolio NEW CASTLE, PA 47,66847.7k $1.2m $1.2m 0.13% Reduced -5.4k -5,408
57 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 45,88045.9k $1.2m $1.2m 0.00% Added +20.9k +20,878
58 Francis Financial, Inc. 0.20% of their portfolio NEW YORK, NY 42,67142.7k $1.1m $1.1m 0.20% Unchanged
59 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 42,35242.4k $1.1m $1.1m 0.00% Added +7.7k +7,676
60 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 40,10040.1k $1.0m $1.0m 0.00% Reduced -3.1k -3,140
61 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 39,80039.8k $1.0m $1.0m 0.00% New
62 STOLZ & ASSOCIATES, PS 0.69% of their portfolio TACOMA, WA 38,50038.5k $989.1k $989.1k 0.69% Added +3.4k +3,435
63 Northeast Financial Group, Inc. 0.26% of their portfolio Allentown, PA 38,39038.4k $978.2k $978.2k 0.26% Reduced -1.7k -1,653
64 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 38,07138.1k $970.0k $970.0k 0.00% Added +9.2k +9,190
65 HARBOUR INVESTMENTS, INC. 0.01% of their portfolio MADISON, WI 36,77536.8k $937.1k $937.1k 0.01% Added +24.9k +24,902
66 Legacy Wealth Management, LLC 0.05% of their portfolio MEMPHIS, TN 36,49736.5k $929.9k $929.9k 0.05% Added +1.4k +1,429
67 Family Capital Management, Inc. 0.40% of their portfolio GRAND RAPIDS, MI 35,64635.6k $908.3k $908.3k 0.40% Added +2.6k +2,605
68 Archer Investment Management, LLC 0.38% of their portfolio AUSTIN, TX 35,20035.2k $896.9k $896.9k 0.38% New
69 NewCorp Financial Services, Inc. 0.78% of their portfolio ALPHARETTA, GA 35,13835.1k $895.3k $895.3k 0.78% Unchanged
70 Pasadena Private Wealth, LLC 0.12% of their portfolio PASADENA, CA 33,23833.2k $846.9k $846.9k 0.12% New
71 Sequoia Financial Advisors, LLC 0.00% of their portfolio Akron, OH 33,06533.1k $842.5k $842.5k 0.00% Added +5.5k +5,492
72 Alteri Wealth LLC 0.27% of their portfolio WESTLAKE VILLAGE, CA 32,14532.1k $819.1k $819.1k 0.27% Added +11.4k +11,370
73 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 31,89331.9k $812.6k $812.6k 0.00% Added +611 +611
74 Wescott Financial Advisory Group, LLC 0.07% of their portfolio Philadelphia, PA 30,99731.0k $789.8k $789.8k 0.07% Added +180 +180
75 Gleason Group, Inc. 0.07% of their portfolio PROSPECT, KY 27,17527.2k $692.4k $692.4k 0.07% Added +10.3k +10,258
76 AdvisorNet Financial, Inc 0.03% of their portfolio MINNETONKA, MN 26,52826.5k $675.9k $675.9k 0.03% Reduced -1.2k -1,170
77 Asset Allocation Strategies LLC 0.12% of their portfolio FARMINGTON, MI 25,65525.7k $653.7k $653.7k 0.12% Added +8.3k +8,289
78 Coastal Bridge Advisors, LLC 0.05% of their portfolio WESTPORT, CT 25,29325.3k $644.5k $644.5k 0.05% Added +19 +19
79 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 23,99824.0k $611.5k $611.5k 0.00% Reduced -946 -946
80 Blueprint Investment Partners LLC 0.06% of their portfolio GREENSBORO, NC 23,59523.6k $601.2k $601.2k 0.06% Reduced -650 -650
81 Blueprint Financial Advisors LLC 0.09% of their portfolio GREENSBOTO, NC 23,59523.6k $601.2k $601.2k 0.09% Reduced -650 -650
82 CAP Partners, LLC 0.33% of their portfolio FRANKLIN, TN 22,76722.8k $580.1k $580.1k 0.33% Added +3.2k +3,186
83 PEAPACK GLADSTONE FINANCIAL CORP 0.01% of their portfolio BEDMINSTER, NJ 22,59822.6k $576.0k $576.0k 0.01% Unchanged
84 Clear Creek Financial Management, LLC 0.04% of their portfolio SILVERDALE, WA 22,41522.4k $571.1k $571.1k 0.04% Added +1.7k +1,651
85 Advyzon Investment Management, LLC 0.05% of their portfolio LISLE, IL 22,41522.4k $571.1k $571.1k 0.05% Added +1.7k +1,651
86 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 20,97721.0k $534.5k $534.5k 0.00% New
87 FMR LLC 0.00% of their portfolio BOSTON, MA 20,74720.7k $528.6k $528.6k 0.00% New
88 Berger Financial Group, Inc 0.03% of their portfolio PLYMOUTH, MN 20,69920.7k $527.4k $527.4k 0.03% Added +12 +12
89 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 20,52420.5k $522.9k $522.9k 0.00% Added +4.4k +4,401
90 Altiora Financial Group, LLC 0.08% of their portfolio LEBANON, OH 20,00020.0k $509.6k $509.6k 0.08% Unchanged
91 Symmetry Partners, LLC 0.03% of their portfolio GLASTONBURY, CT 19,62219.6k $500.0k $500.0k 0.03% Added +2.3k +2,348
92 GILL CAPITAL PARTNERS, LLC 0.14% of their portfolio DENVER, CO 19,35119.4k $493.1k $493.1k 0.14% Unchanged
93 CreativeOne Wealth, LLC 0.01% of their portfolio OVERLAND PARK, KS 18,71818.7k $476.9k $476.9k 0.01% Added +2.0k +2,039
94 Golden Bell Financial Planning LLC 0.36% of their portfolio ALPHARETTA, GA 17,96818.0k $457.8k $457.8k 0.36% Added +806 +806
95 Unify Financial Advisors 0.45% of their portfolio CLEARWATER, FL 17,00017.0k $433.2k $433.2k 0.45% Unchanged
96 FF Advisors,LLC 0.18% of their portfolio MANHATTAN BEACH, CA 16,81916.8k $433.4k $433.4k 0.18% Reduced -1.2k -1,162
97 Galvin, Gaustad & Stein, LLC 0.03% of their portfolio Scottsdale, AZ 16,66716.7k $424.7k $424.7k 0.03% Reduced -932 -932
98 Revisor Wealth Management LLC 0.12% of their portfolio AKRON, OH 16,44016.4k $418.9k $418.9k 0.12% Reduced -114 -114
99 Roan Capital Partners 0.38% of their portfolio JOHNSON CITY, TN 16,31816.3k $415.8k $415.8k 0.38% First filing
100 Grant Street Asset Management, Inc. 0.08% of their portfolio CANONSBURG, PA 16,20216.2k $412.8k $412.8k 0.08% Added +94 +94