Vault-13

SCHWAB STRATEGIC TR SCHI

5 10YR CORP BD · ETP · CUSIP 808524698

225 institutional holders -4 vs Q2 2025
44,524,08144.5m shares reported held*
$1.0bnreported value*
37 new 101 added 50 reduced 36 sold out net bought ≈ $24.4m (+1.1m 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 ≈ $23.08. Options: 0 managers hold calls (— notional), 1 hold puts ($207.7k).

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 58Q4 22: 54Q1 23: 53Q2 23: 99Q3 23: 150Q4 23: 167Q1 24: 184Q2 24: 190Q3 24: 191Q4 24: 211Q1 25: 216Q2 25: 229Q3 25: 225225Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 202258
Q4 202254
Q1 202353
Q2 202399
Q3 2023150
Q4 2023167
Q1 2024184
Q2 2024190
Q3 2024191
Q4 2024211
Q1 2025216
Q2 2025229
Q3 2025225

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q4 23: 117 bought or addedQ4 23: 52 cut or sold outQ1 24: 122 bought or addedQ1 24: 81 cut or sold outQ1 24Q2 24: 111 bought or addedQ2 24: 89 cut or sold outQ3 24: 124 bought or addedQ3 24: 74 cut or sold outQ3 24Q4 24: 110 bought or addedQ4 24: 85 cut or sold outQ1 25: 122 bought or addedQ1 25: 84 cut or sold outQ1 25Q2 25: 119 bought or addedQ2 25: 97 cut or sold outQ3 25: 138 bought or addedQ3 25: 86 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 202311752
Q1 202412281
Q2 202411189
Q3 202412474
Q4 202411085
Q1 202512284
Q2 202511997
Q3 202513886

Calls vs puts

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

CallsPuts
$0$100k$200k$300kQ4 24 calls: $0Q4 24 puts: $0Q4 24P/C —Q1 25 calls: $0Q1 25 puts: $0Q1 25P/C —Q2 25 calls: $0Q2 25 puts: $0Q2 25P/C —Q3 25 calls: $0Q3 25 puts: $207.7kQ3 25P/C —
Numbers
QuarterCallsPutsP/C
Q4 2024$0$0—
Q1 2025$0$0—
Q2 2025$0$0—
Q3 2025$0$207.7k—

Biggest buyers

JANE STREET GROUP, LLC New +605,793+605.8k
Financial Engines Advisors L.L.C. New +533,760+533.8k
CAPTRUST FINANCIAL ADVISORS Added +220,599+220.6k
BLAIR WILLIAM & CO/IL Added +218,781+218.8k
JPMORGAN CHASE & CO Added +216,358+216.4k
VAN STRUM & TOWNE INC. Added +199,266+199.3k
Gunma Bank,Ltd. Added +150,000+150.0k
MFG WEALTH MANAGEMENT, INC. New +130,712+130.7k
MML INVESTORS SERVICES, LLC Added +95,532+95.5k
Sanctuary Advisors, LLC Added +86,188+86.2k

Biggest sellers

ROYAL BANK OF CANADA Reduced -1,120,617-1.1m
San Luis Wealth Advisors LLC Sold out -656,737-656.7k
AlphaStar Capital Management, LLC Sold out -203,747-203.7k
FLOW TRADERS U.S. LLC Sold out -165,144-165.1k
Atria Investments, Inc Reduced -64,848-64.8k
GeoWealth Management, LLC Sold out -56,795-56.8k
Essex LLC Reduced -49,924-49.9k
RAYMOND JAMES FINANCIAL INC Reduced -42,352-42.4k
CoreCap Advisors, LLC Reduced -35,435-35.4k
Janney Montgomery Scott LLC Reduced -29,699-29.7k

Biggest calls

None

Biggest puts

CITADEL ADVISORS LLC New $207.7k9.0k shares

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, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 RiverFront Investment Group, LLC 3.41% of their portfolio RICHMOND, VA 8,424,0328.4m $194.4m $194.4m 3.41% Added +57.4k +57,442
2 CAPTRUST FINANCIAL ADVISORS 0.35% of their portfolio RALEIGH, NC 7,464,4037.5m $172.3m $172.3m 0.35% Added +220.6k +220,599
3 ENVESTNET ASSET MANAGEMENT INC 0.05% of their portfolio Berwyn, PA 7,363,2377.4m $169.9m $169.9m 0.05% Added +26.9k +26,940
4 RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio ST. PETERSBURG, FL 2,438,6842.4m $56.3m $56.3m 0.02% Reduced -42.4k -42,352
5 Bouchey Financial Group, Ltd. 2.33% of their portfolio TROY, NY 1,308,1281.3m $30.2m $30.2m 2.33% Added +39.9k +39,894
6 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1,097,5111.1m $25.3m $25.3m 0.00% Reduced -1.1m -1,120,617
7 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,074,9961.1m $24.8m $24.8m 0.00% Added +2.5k +2,519
8 Janney Montgomery Scott LLC 0.04% of their portfolio PHILADELPHIA, PA 802,550802.5k $18.5m $18.5m 0.04% Reduced -29.7k -29,699
9 Gunma Bank,Ltd. 5.27% of their portfolio GUNMA, M0 730,000730.0k $16.8m $16.8m 5.27% Added +150.0k +150,000
10 L2 Asset Management, LLC 2.17% of their portfolio Wayland, MA 651,093651.1k $15.0m $15.0m 2.17% Reduced -708 -708
11 JANE STREET GROUP, LLC 0.02% of their portfolio NEW YORK, NY 605,793605.8k $14.0m $14.0m 0.02% New
12 WestHill Financial Advisors, Inc. 2.68% of their portfolio San Rafael, CA 593,251593.3k $13.7m $13.7m 2.68% Added +37.2k +37,196
13 RATIONAL ADVISORS, INC. 1.24% of their portfolio San Juan, PR 540,680540.7k $12.5m $12.5m 1.24% Reduced -10.5k -10,529
14 Financial Engines Advisors L.L.C. 0.02% of their portfolio SANTA CLARA, CA 533,760533.8k $12.3m $12.3m 0.02% New
15 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 505,425505.4k $11.7m $11.7m 0.01% Added +43.8k +43,756
16 Charles Schwab Trust Co 0.73% of their portfolio HENDERSON, NV 467,551467.6k $10.8m $10.8m 0.73% Added +37.1k +37,111
17 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 436,430436.4k $10.1m $10.1m 0.00% Added +59.7k +59,747
18 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 435,950435.9k $10.1m $10.1m 0.00% Added +216.4k +216,358
19 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 423,680423.7k $9.8m $9.8m 0.00% Added +56.3k +56,343
20 Vident Advisory, LLC 0.09% of their portfolio Alpharetta, GA 383,639383.6k $8.9m $8.9m 0.09% Added +70.6k +70,608
21 BLAIR WILLIAM & CO/IL 0.02% of their portfolio CHICAGO, IL 353,955354.0k $8.2m $8.2m 0.02% Added +218.8k +218,781
22 WT Wealth Management 2.34% of their portfolio SCOTTSDALE, AZ 352,290352.3k $8.1m $8.1m 2.34% Added +14.2k +14,205
23 VAN STRUM & TOWNE INC. 2.34% of their portfolio SAN FRANCISCO, CA 345,664345.7k $8.0m $8.0m 2.34% Added +199.3k +199,266
24 White & Co Financial Planning Inc 5.91% of their portfolio SUNNYSIDE, WA 340,176340.2k $7.9m $7.9m 5.91% Added +12.1k +12,098
25 Kaizen Financial Strategies 3.48% of their portfolio CAMPBELL, CA 335,016335.0k $7.7m $7.7m 3.48% Added +21.7k +21,712
26 Advisory Services Network, LLC 0.11% of their portfolio ATLANTA, GA 332,708332.7k $7.7m $7.7m 0.11% Reduced -11.8k -11,829
27 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 260,319260.3k $6.0m $6.0m 0.01% Reduced -546 -546
28 Mariner, LLC 0.01% of their portfolio Overland Park, KS 244,870244.9k $5.7m $5.7m 0.01% Added +33.9k +33,855
29 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 227,459227.5k $5.2m $5.2m 0.01% Added +18.4k +18,414
30 Madden Advisory Services, Inc. 1.83% of their portfolio Jacksonville, FL 204,314204.3k $4.7m $4.7m 1.83% Added +63.3k +63,274
31 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 195,494195.5k $4.5m $4.5m 0.01% Added +86.2k +86,188
32 Seek First Inc. 3.14% of their portfolio Campbell, CA 189,096189.1k $4.4m $4.4m 3.14% Added +4.3k +4,308
33 Mutual Advisors, LLC 0.10% of their portfolio OMAHA, NE 186,460186.5k $4.3m $4.3m 0.10% Added +20.6k +20,572
34 Bank of New Hampshire 0.92% of their portfolio LACONIA, NH 173,258173.3k $4.0m $4.0m 0.92% Added +37.1k +37,086
35 MFG WEALTH MANAGEMENT, INC. 2.28% of their portfolio Indianapolis, IN 130,712130.7k $3.0m $3.0m 2.28% New
36 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 128,318128.3k $3.0m $3.0m 0.00% Added +7.1k +7,075
37 Beacon Bridge Wealth Partners, LLC 1.04% of their portfolio LOWER GWYNEDD, PA 126,702126.7k $2.9m $2.9m 1.04% Added +6.0k +6,046
38 Andina Capital Management, LLC 1.62% of their portfolio LOGAN, UT 124,483124.5k $2.9m $2.9m 1.62% Reduced -9.0k -9,012
39 Essex LLC 0.52% of their portfolio DEER PARK, IL 123,786123.8k $2.9m $2.9m 0.52% Reduced -49.9k -49,924
40 WFA of San Diego, LLC 1.84% of their portfolio SAN DIEGO, CA 116,940116.9k $2.7m $2.7m 1.84% Added +20.2k +20,210
41 Prairiewood Capital, LLC 0.88% of their portfolio FARGO, ND 115,219115.2k $2.7m $2.7m 0.88% Added +14.2k +14,235
42 Arrowroot Family Office, LLC 1.06% of their portfolio MARINA DEL REY, CA 112,032112.0k $2.6m $2.6m 1.06% Added +223 +223
43 DecisionPoint Financial, LLC 0.60% of their portfolio MESA, AZ 111,754111.8k $2.6m $2.6m 0.60% Reduced -16.4k -16,367
44 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 108,659108.7k $2.5m $2.5m 0.01% Added +95.5k +95,532
45 INTEGRITY ALLIANCE, LLC. 0.11% of their portfolio Urbandale, IA 102,273102.3k $2.4m $2.4m 0.11% Added +33.3k +33,284
46 Citizens National Bank Trust Department 0.39% of their portfolio MERIDIAN, MS 94,55794.6k $2.2m $2.2m 0.39% Reduced -1.2k -1,222
47 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 91,34891.3k $2.1m $2.1m 0.00% Reduced -497 -497
48 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 89,61989.6k $2.1m $2.1m 0.00% Added +7.4k +7,402
49 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 85,29685.3k $2.0m $2.0m 0.00% Added +39.5k +39,496
50 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 83,36383.4k $1.9m $1.9m 0.00% Added +5.7k +5,712
51 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 77,42877.4k $1.8m $1.8m 0.00% Added +38.2k +38,169
52 Avior Wealth Management, LLC 0.06% of their portfolio OMAHA, NE 74,01974.0k $1.7m $1.7m 0.06% Added +403 +403
53 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 71,73471.7k $1.7m $1.7m 0.00% Added +46.5k +46,522
54 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 71,01971.0k $1.6m $1.6m 0.00% Added +21.3k +21,268
55 CERTIOR FINANCIAL GROUP, LLC 1.09% of their portfolio KING OF PRUSSIA, PA 69,46569.5k $1.6m $1.6m 1.09% Added +2.6k +2,646
56 COMERICA BANK 0.01% of their portfolio DALLAS, TX 69,19669.2k $1.6m $1.6m 0.01% Reduced -681 -681
57 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 64,86264.9k $1.5m $1.5m 0.00% Added +42.8k +42,764
58 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 63,40863.4k $1.5m $1.5m 0.00% Added +9.5k +9,526
59 Advisors Capital Management, LLC 0.02% of their portfolio RIDGEWOOD, NJ 61,71461.7k $1.4m $1.4m 0.02% Reduced -363 -363
60 Savant Capital, LLC 0.01% of their portfolio ROCKFORD, IL 58,93158.9k $1.4m $1.4m 0.01% Reduced -2.4k -2,372
61 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 57,48557.5k $1.3m $1.3m 0.00% Reduced -2.4k -2,389
62 AMERICAN NATIONAL BANK & TRUST 0.13% of their portfolio WICHITA FALLS, TX 56,60556.6k $1.3m $1.3m 0.13% Added +4.2k +4,233
63 CoreCap Advisors, LLC 0.05% of their portfolio SOUTHFIELD, MI 54,72754.7k $1.3m $1.3m 0.05% Reduced -35.4k -35,435
64 INTEGRAL INVESTMENT ADVISORS, INC. 0.34% of their portfolio TURLOCK, CA 53,94953.9k $1.2m $1.2m 0.34% Added +4.8k +4,790
65 CreativeOne Wealth, LLC 0.03% of their portfolio OVERLAND PARK, KS 53,50453.5k $1.2m $1.2m 0.03% Reduced -9.1k -9,132
66 Pinnacle Family Advisors, LLC 0.53% of their portfolio Springfield, MO 52,42552.4k $1.2m $1.2m 0.53% Added +3.5k +3,514
67 CIBC Bancorp USA Inc. 0.01% of their portfolio CHICAGO, IL 50,01150.0k $1.2m $1.2m 0.01% First filing
68 Cascades Capital Asset Management, LLC 0.49% of their portfolio GREENSBORO, NC 48,05048.0k $1.1m $1.1m 0.49% New
69 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 46,81746.8k $1.1m $1.1m 0.00% Added +9.6k +9,646
70 Atria Investments, Inc 0.01% of their portfolio Charlotte, NC 46,39546.4k $1.1m $1.1m 0.01% Reduced -64.8k -64,848
71 Sculati Wealth Management, LLC 0.35% of their portfolio Bloomfield Hills, MI 43,02943.0k $993.1k $993.1k 0.35% Reduced -7.2k -7,229
72 Orion Porfolio Solutions, LLC 0.01% of their portfolio OMAHA, NE 41,49441.5k $957.7k $957.7k 0.01% Added +2.9k +2,940
73 Bestgate Wealth Advisors, LLC 1.51% of their portfolio FREDERICK, MD 37,15737.2k $857.6k $857.6k 1.51% Added +2.0k +1,999
74 Rosenberg Matthew Hamilton 0.17% of their portfolio GRAND JUNCTION, CO 34,93334.9k $806.3k $806.3k 0.17% Added +24 +24
75 Main Street Research LLC 0.04% of their portfolio SAUSALITO, CA 34,24134.2k $790.3k $790.3k 0.04% Added +8.2k +8,232
76 CIBC WORLD MARKET INC. 0.00% of their portfolio TORONTO, A6 31,50031.5k $727.0k $727.0k 0.00% Unchanged
77 CREATIVE FINANCIAL DESIGNS INC /ADV 0.05% of their portfolio KOKOMO, IN 30,99531.0k $715.4k $715.4k 0.05% Added +6.3k +6,337
78 Sequoia Financial Advisors, LLC 0.00% of their portfolio Akron, OH 28,74328.7k $663.4k $663.4k 0.00% Added +13.0k +13,003
79 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 28,64428.6k $661.0k $661.0k 0.00% Reduced -2.6k -2,612
80 Avidian Wealth Enterprises, LLC 0.02% of their portfolio Houston, TX 28,39428.4k $655.3k $655.3k 0.02% New
81 Koshinski Asset Management, Inc. 0.04% of their portfolio DECATUR, IL 28,26628.3k $652.4k $652.4k 0.04% Reduced -1.8k -1,841
82 FLAGSTAR SECURITIES, INC 0.20% of their portfolio New York, NY 28,11228.1k $648.8k $648.8k 0.20% Added +2.0k +1,986
83 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 27,84327.8k $642.6k $642.6k 0.00% Added +1.4k +1,446
84 Empirical Financial Services, LLC d.b.a. Empirical Wealth Management 0.01% of their portfolio Seattle, WA 26,78426.8k $618.2k $618.2k 0.01% New
85 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 26,65026.6k $615.1k $615.1k 0.00% New
86 Harel Insurance Investments & Financial Services Ltd. 0.01% of their portfolio Ramat Gan, L3 26,46626.5k $611.0k $611.0k 0.01% Reduced -1.2k -1,172
87 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 25,95926.0k $599.1k $599.1k 0.00% Added +9.9k +9,853
88 Joule Financial, LLC 0.18% of their portfolio Lexington, KY 25,32525.3k $584.5k $584.5k 0.18% Unchanged
89 Pacific Capital Wealth Advisors, Inc. 0.10% of their portfolio CORONA, CA 24,49024.5k $565.2k $565.2k 0.10% Reduced -271 -271
90 Christensen, King & Associates Investment Services, Inc. 0.24% of their portfolio RICHLAND, WA 24,41924.4k $563.6k $563.6k 0.24% Added +180 +180
91 MONEY CONCEPTS CAPITAL CORP 0.03% of their portfolio PALM BEACH GARDENS, FL 23,77423.8k $548.7k $548.7k 0.03% Added +4.2k +4,203
92 Prosperity Wealth Management, Inc. 0.18% of their portfolio San Ramon, CA 22,86822.9k $527.8k $527.8k 0.18% Reduced -152 -152
93 Waverly Advisors, LLC 0.01% of their portfolio BIRMINGHAM, AL 22,28822.3k $514.4k $514.4k 0.01% Reduced -15.9k -15,912
94 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 21,77521.8k $502.6k $502.6k 0.00% Reduced -937 -937
95 Brookstone Capital Management 0.01% of their portfolio WHEATON, IL 21,64821.6k $499.6k $499.6k 0.01% Added +2.6k +2,563
96 DAVENPORT & Co LLC 0.00% of their portfolio RICHMOND, VA 21,61121.6k $498.8k $498.8k 0.00% Reduced -1.2k -1,159
97 FMR LLC 0.00% of their portfolio BOSTON, MA 21,45921.5k $495.3k $495.3k 0.00% Added +3.2k +3,179
98 Asset Allocation Strategies LLC 0.10% of their portfolio FARMINGTON, MI 20,79220.8k $479.9k $479.9k 0.10% Added +162 +162
99 Valmark Advisers, Inc. 0.01% of their portfolio AKRON, OH 20,25620.3k $467.5k $467.5k 0.01% Unchanged
100 Ceeto Capital Group, LLC 0.13% of their portfolio CORAL GABLES, FL 20,00020.0k $462.0k $462.0k 0.13% Unchanged