Vault-13

SCHWAB STRATEGIC TR SCMB

MUN BD ETF · ETP · CUSIP 808524649

196 institutional holders +27 vs Q1 2026
116,432,984116.4m shares reported held*
$3.0bnreported value*
42 new 77 added 39 reduced 18 sold out net bought ≈ $267.4m (+10.4m 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 ($1.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $25.82.

Trends to Q2 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: 169Q2 26: 196196Q4 22Q4 23Q4 24Q4 25Q2 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
Q2 2026196

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 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 25Q3 25: 85 bought or addedQ3 25: 32 cut or sold outQ4 25: 104 bought or addedQ4 25: 33 cut or sold outQ4 25Q1 26: 104 bought or addedQ1 26: 46 cut or sold outQ2 26: 119 bought or addedQ2 26: 57 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20244620
Q4 2024776
Q1 20255527
Q2 20257632
Q3 20258532
Q4 202510433
Q1 202610446
Q2 202611957

Biggest buyers

CHARLES SCHWAB INVESTMENT MANAGEMENT INC Added +8,579,053+8.6m
BANK OF AMERICA CORP /DE/ Added +1,374,450+1.4m
JONES FINANCIAL COMPANIES LLLP Added +500,632+500.6k
Fort Point Capital Partners LLC Added +310,752+310.8k
RENAISSANCE TECHNOLOGIES LLC Added +236,300+236.3k
CITADEL ADVISORS LLC Added +200,658+200.7k
ENVESTNET ASSET MANAGEMENT INC Added +134,613+134.6k
UNITED CAPITAL FINANCIAL ADVISORS, LLC Added +123,639+123.6k
Charles Schwab Trust Co Added +105,691+105.7k
LPL Financial LLC Added +104,891+104.9k

Biggest sellers

JANE STREET GROUP, LLC Sold out -868,526-868.5k
Creative Planning Reduced -676,960-677.0k
OLD MISSION CAPITAL LLC Reduced -340,409-340.4k
Tower Research Capital LLC (TRC) Reduced -130,720-130.7k
MML INVESTORS SERVICES, LLC Reduced -104,480-104.5k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -72,707-72.7k
NATIXIS ADVISORS, LLC Reduced -67,417-67.4k
FERGUSON WELLMAN CAPITAL MANAGEMENT, INC Reduced -66,407-66.4k
Torrey Growth & Income Advisors Reduced -51,000-51.0k
CGN Advisors LLC Reduced -47,263-47.3k

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.26% of their portfolio SAN FRANCISCO, CA 74,885,34774.9m $1.9bn $1.9bn 0.26% Added +8.6m +8,579,053
2 BANK OF AMERICA CORP /DE/ 0.04% of their portfolio CHARLOTTE, NC 23,333,83623.3m $602.5m $602.5m 0.04% Added +1.4m +1,374,450
3 JONES FINANCIAL COMPANIES LLLP 0.04% of their portfolio DES PERES, MO 3,475,6833.5m $89.6m $89.6m 0.04% Added +500.6k +500,632
4 Avidian Wealth Enterprises, LLC 1.06% of their portfolio Houston, TX 1,483,8251.5m $38.3m $38.3m 1.06% Reduced -13.5k -13,500
5 Charles Schwab Trust Co 1.52% of their portfolio HENDERSON, NV 1,055,2021.1m $27.2m $27.2m 1.52% Added +105.7k +105,691
6 Fort Point Capital Partners LLC 2.80% of their portfolio San Francisco, CA 1,014,5961.0m $26.2m $26.2m 2.80% Added +310.8k +310,752
7 Pallas Capital Advisors LLC 0.73% of their portfolio BRAINTREE, MA 918,625918.6k $23.7m $23.7m 0.73% Added +73.4k +73,390
8 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.13% of their portfolio IRVING, TX 903,490903.5k $23.4m $23.4m 0.13% Added +123.6k +123,639
9 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 860,999861.0k $22.2m $22.2m 0.01% Added +134.6k +134,613
10 Wedmont Private Capital 0.35% of their portfolio WEST CHESTER, PA 494,540494.5k $12.7m $12.7m 0.35% Added +391 +391
11 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.02% of their portfolio PLYMOUTH, MN 385,679385.7k $9.9m $9.9m 0.02% Added +57.5k +57,477
12 SMITH, MOORE & CO. 0.55% of their portfolio CLAYTON, MO 329,854329.9k $8.5m $8.5m 0.55% Added +95.3k +95,284
13 Quantinno Capital Management LP 0.01% of their portfolio NEW YORK, NY 306,190306.2k $7.9m $7.9m 0.01% Added +5.5k +5,530
14 RWA WEALTH PARTNERS, LLC 0.07% of their portfolio BOSTON, MA 279,549279.5k $7.2m $7.2m 0.07% Added +39.1k +39,084
15 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 276,100276.1k $7.1m $7.1m 0.01% Added +236.3k +236,300
16 CGN Advisors LLC 0.42% of their portfolio MANHATTAN, KS 225,093225.1k $5.8m $5.8m 0.42% Reduced -47.3k -47,263
17 Perigon Wealth Management, LLC 0.09% of their portfolio SAN FRANCISCO, CA 223,357223.4k $5.8m $5.8m 0.09% Added +11.6k +11,560
18 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 221,635221.6k $5.7m $5.7m 0.00% Added +200.7k +200,658
19 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 216,721216.7k $5.6m $5.6m 0.00% Added +78.3k +78,255
20 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 176,935176.9k $4.6m $4.6m 0.01% Reduced -104.5k -104,480
21 MYECFO, LLC 1.63% of their portfolio La Jolla, CA 167,230167.2k $4.3m $4.3m 1.63% Reduced -8.9k -8,950
22 Beaird Harris Wealth Management, LLC 0.27% of their portfolio DALLAS, TX 166,612166.6k $4.3m $4.3m 0.27% Reduced -25.9k -25,850
23 MANNING & NAPIER ADVISORS LLC 0.05% of their portfolio Fairport, NY 156,452156.5k $4.0m $4.0m 0.05% Added +39.4k +39,381
24 Waverly Advisors, LLC 0.02% of their portfolio BIRMINGHAM, AL 153,858153.9k $4.0m $4.0m 0.02% Added +9.7k +9,712
25 Compass Financial Group, INC/SD 0.44% of their portfolio Sioux Falls, SD 149,926149.9k $3.9m $3.9m 0.44% Added +88.6k +88,602
26 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 148,808148.8k $3.8m $3.8m 0.00% Added +60.5k +60,462
27 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 147,243147.2k $3.8m $3.8m 0.00% Added +104.9k +104,891
28 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 135,900135.9k $3.5m $3.5m 0.00% Reduced -20 -20
29 NATIXIS ADVISORS, LLC 0.00% of their portfolio Boston, MA 125,140125.1k $3.2m $3.2m 0.00% Reduced -67.4k -67,417
30 Shared Vision Wealth Group LLC 1.05% of their portfolio CARLSBAD, X1 118,406118.4k $3.1m $3.1m 1.05% Added +61.1k +61,115
31 Mariner, LLC 0.00% of their portfolio Overland Park, KS 116,462116.5k $3.0m $3.0m 0.00% Added +53.3k +53,294
32 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 114,711114.7k $3.0m $3.0m 0.00% Added +33.7k +33,746
33 FERGUSON WELLMAN CAPITAL MANAGEMENT, INC 0.04% of their portfolio PORTLAND, OR 112,247112.2k $2.9m $2.9m 0.04% Reduced -66.4k -66,407
34 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 100,000100.0k $2.6m $2.6m 0.00% New
35 CORNERSTONE ADVISORS ASSET MANAGEMENT, LLC 0.32% of their portfolio BETHLEHEM, PA 95,09295.1k $2.5m $2.5m 0.32% Reduced -46.6k -46,633
36 Investment Planning Advisors, Inc. 0.54% of their portfolio CUMMING, GA 90,64590.6k $2.3m $2.3m 0.54% Reduced -278 -278
37 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 85,24885.2k $2.2m $2.2m 0.00% Added +32.2k +32,195
38 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 80,00080.0k $2.1m $2.1m 0.00% Unchanged
39 Breakwater Investment Management 0.66% of their portfolio SEATTLE, WA 75,45675.5k $1.9m $1.9m 0.66% Added +1.9k +1,947
40 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 71,87871.9k $1.9m $1.9m 0.00% Reduced -677.0k -676,960
41 DONALDSON CAPITAL MANAGEMENT, LLC 0.05% of their portfolio EVANSVILLE, IN 71,79271.8k $1.9m $1.9m 0.05% Unchanged
42 O'ROURKE & COMPANY, Inc 0.64% of their portfolio BOSTON, MA 70,56770.6k $1.8m $1.8m 0.64% Added +3.9k +3,909
43 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 67,72367.7k $1.7m $1.7m 0.00% Added +124 +124
44 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 66,22466.2k $1.7m $1.7m 0.00% Added +26.1k +26,124
45 GREAT VALLEY ADVISOR GROUP, INC. 0.03% of their portfolio WILMINGTON, DE 65,95766.0k $1.7m $1.7m 0.03% Added +33 +33
46 Copper Harbor Investment Advisors, LLC 0.34% of their portfolio APPLETON, WI 62,98363.0k $1.6m $1.6m 0.34% First filing
47 TSA Wealth Managment LLC 0.45% of their portfolio HOUSTON, TX 62,13062.1k $1.6m $1.6m 0.45% Reduced -3.2k -3,157
48 CREATIVE FINANCIAL DESIGNS INC /ADV 0.07% of their portfolio KOKOMO, IN 60,61460.6k $1.6m $1.6m 0.07% Unchanged
49 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 57,51557.5k $1.5m $1.5m 0.00% Reduced -7.6k -7,597
50 OLD MISSION CAPITAL LLC 0.04% of their portfolio CHICAGO, IL 56,52956.5k $1.5m $1.5m 0.04% Reduced -340.4k -340,409
51 CHOREO, LLC 0.02% of their portfolio ROCKFORD, IL 54,13554.1k $1.4m $1.4m 0.02% Added +4.1k +4,080
52 NewEdge Wealth, LLC 0.01% of their portfolio STAMFORD, CT 53,35653.4k $1.4m $1.4m 0.01% Reduced -4.6k -4,585
53 Columbus Macro, LLC 0.13% of their portfolio NEW CASTLE, PA 53,28253.3k $1.4m $1.4m 0.13% Added +5.6k +5,614
54 Meridian Wealth Management, LLC 0.04% of their portfolio LEXINGTON, KY 52,78452.8k $1.4m $1.4m 0.04% Reduced -1.0k -1,017
55 Torrey Growth & Income Advisors 0.46% of their portfolio DEL MAR, CA 52,69052.7k $1.4m $1.4m 0.46% Reduced -51.0k -51,000
56 Ackerman Capital Advisors, LLC 0.27% of their portfolio DALLAS, TX 51,03951.0k $1.3m $1.3m 0.27% Reduced -3.1k -3,090
57 CORE WEALTH ADVISORS, LLC 0.95% of their portfolio INDIANAPOLIS, IN 49,90449.9k $1.3m $1.3m 0.95% Reduced -391 -391
58 Archer Investment Management, LLC 0.43% of their portfolio AUSTIN, TX 48,78748.8k $1.3m $1.3m 0.43% Added +13.6k +13,587
59 Pasadena Private Wealth, LLC 0.15% of their portfolio PASADENA, CA 44,78444.8k $1.2m $1.2m 0.15% Added +11.5k +11,546
60 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 43,44643.4k $1.1m $1.1m 0.00% Added +5.4k +5,375
61 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 42,97443.0k $1.1m $1.1m 0.00% Reduced -8.4k -8,444
62 Francis Financial, Inc. 0.18% of their portfolio NEW YORK, NY 42,33042.3k $1.1m $1.1m 0.18% Reduced -341 -341
63 Family Capital Management, Inc. 0.41% of their portfolio GRAND RAPIDS, MI 41,16641.2k $1.1m $1.1m 0.41% Added +5.5k +5,520
64 Acorn Wealth Advisors, LLC 0.25% of their portfolio Grand Blanc, MI 40,39540.4k $1.0m $1.0m 0.25% New
65 IFP Advisors, Inc 0.02% of their portfolio TAMPA, FL 40,04640.0k $1.0m $1.0m 0.02% Reduced -13.4k -13,383
66 Stonebridge Financial Group, LLC/CA 0.14% of their portfolio SAN RAFAEL, CA 39,87839.9k $1.0m $1.0m 0.14% First filing
67 INTEGRITY ALLIANCE, LLC. 0.03% of their portfolio Urbandale, IA 38,94238.9k $1.0m $1.0m 0.03% New
68 STOLZ & ASSOCIATES, PS 0.62% of their portfolio TACOMA, WA 38,59038.6k $996.4k $996.4k 0.62% Added +90 +90
69 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 38,32238.3k $989.5k $989.5k 0.00% Added +6.4k +6,429
70 HARBOUR INVESTMENTS, INC. 0.01% of their portfolio MADISON, WI 37,92737.9k $979.3k $979.3k 0.01% Added +1.2k +1,152
71 Legacy Wealth Management, LLC 0.05% of their portfolio MEMPHIS, TN 36,50736.5k $942.6k $942.6k 0.05% Added +10 +10
72 Asset Allocation Strategies LLC 0.13% of their portfolio FARMINGTON, MI 33,61033.6k $867.8k $867.8k 0.13% Added +8.0k +7,955
73 FMR LLC 0.00% of their portfolio BOSTON, MA 33,57833.6k $867.0k $867.0k 0.00% Added +12.8k +12,831
74 Sequoia Financial Advisors, LLC 0.00% of their portfolio Akron, OH 32,28232.3k $833.5k $833.5k 0.00% Reduced -783 -783
75 Alteri Wealth LLC 0.23% of their portfolio WESTLAKE VILLAGE, CA 32,08132.1k $828.3k $828.3k 0.23% Reduced -64 -64
76 Wescott Financial Advisory Group, LLC 0.06% of their portfolio Philadelphia, PA 31,26831.3k $807.3k $807.3k 0.06% Added +271 +271
77 Gleason Group, Inc. 0.06% of their portfolio PROSPECT, KY 28,00528.0k $723.1k $723.1k 0.06% Added +830 +830
78 Cypress Wealth Services, LLC 0.09% of their portfolio PALM DESERT, CA 27,40227.4k $707.5k $707.5k 0.09% New
79 AdvisorNet Financial, Inc 0.03% of their portfolio MINNETONKA, MN 26,31326.3k $679.4k $679.4k 0.03% Reduced -215 -215
80 CAP Partners, LLC 0.33% of their portfolio FRANKLIN, TN 26,23526.2k $677.4k $677.4k 0.33% Added +3.5k +3,468
81 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 25,86625.9k $667.9k $667.9k 0.00% Added +1.9k +1,868
82 Accredited Investors Inc. 0.03% of their portfolio EDINA, MN 25,67425.7k $662.9k $662.9k 0.03% New
83 Advyzon Investment Management, LLC 0.05% of their portfolio LISLE, IL 25,59025.6k $660.7k $660.7k 0.05% Added +3.2k +3,175
84 Clear Creek Financial Management, LLC 0.04% of their portfolio SILVERDALE, WA 25,51525.5k $658.8k $658.8k 0.04% Added +3.1k +3,100
85 Coastal Bridge Advisors, LLC 0.04% of their portfolio WESTPORT, CT 25,41825.4k $656.3k $656.3k 0.04% Added +125 +125
86 Symmetry Partners, LLC 0.03% of their portfolio GLASTONBURY, CT 24,34124.3k $628.5k $628.5k 0.03% Added +4.7k +4,719
87 Blueprint Investment Partners LLC 0.05% of their portfolio GREENSBORO, NC 23,59523.6k $609.2k $609.2k 0.05% Unchanged
88 Blueprint Financial Advisors LLC 0.07% of their portfolio GREENSBOTO, NC 23,59523.6k $609.2k $609.2k 0.07% Unchanged
89 Hoxton Planning & Management, LLC 0.15% of their portfolio SHEPHERDSTOWN, WV 22,57322.6k $582.8k $582.8k 0.15% Added +10.0k +9,962
90 CreativeOne Wealth, LLC 0.01% of their portfolio OVERLAND PARK, KS 21,71621.7k $560.7k $560.7k 0.01% Added +3.0k +2,998
91 Roan Capital Partners 0.45% of their portfolio JOHNSON CITY, TN 21,06421.1k $543.9k $543.9k 0.45% Added +4.7k +4,746
92 Berger Financial Group, Inc 0.03% of their portfolio PLYMOUTH, MN 20,71720.7k $534.9k $534.9k 0.03% Added +18 +18
93 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 20,47520.5k $528.7k $528.7k 0.00% Reduced -25.4k -25,405
94 Altiora Financial Group, LLC 0.08% of their portfolio LEBANON, OH 20,00020.0k $516.4k $516.4k 0.08% Unchanged
95 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 19,77319.8k $510.5k $510.5k 0.00% Reduced -751 -751
96 Advisory Services Network, LLC 0.01% of their portfolio ATLANTA, GA 19,41019.4k $501.2k $501.2k 0.01% New
97 GILL CAPITAL PARTNERS, LLC 0.13% of their portfolio DENVER, CO 19,35119.4k $499.6k $499.6k 0.13% Unchanged
98 Golden Bell Financial Planning LLC 0.34% of their portfolio ALPHARETTA, GA 18,07718.1k $466.7k $466.7k 0.34% Added +109 +109
99 SIGNATURE ESTATE & INVESTMENT ADVISORS LLC 0.01% of their portfolio LOS ANGELES, CA 17,40017.4k $449.3k $449.3k 0.01% New
100 CoreCap Advisors, LLC 0.01% of their portfolio SOUTHFIELD, MI 17,10117.1k $441.5k $441.5k 0.01% New