Vault-13

SCHWAB STRATEGIC TR SCHE

EMRG MKTEQ ETF · ETP · CUSIP 808524706

834 institutional holders +48 vs Q3 2025
157,539,182157.5m shares reported held*
$5.2bnreported value*
45 new 374 added 268 reduced 34 sold out net bought ≈ $97.5m (+3.0m 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 ($5.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $32.83. Options: 1 managers hold calls ($245.6k notional), 0 hold puts (—).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

05001kQ3 22: 680Q4 22: 712Q1 23: 698Q2 23: 707Q3 23: 677Q4 23: 737Q1 24: 726Q2 24: 723Q3 24: 727Q4 24: 760Q1 25: 763Q2 25: 773Q3 25: 786Q4 25: 834834Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 2022680
Q4 2022712
Q1 2023698
Q2 2023707
Q3 2023677
Q4 2023737
Q1 2024726
Q2 2024723
Q3 2024727
Q4 2024760
Q1 2025763
Q2 2025773
Q3 2025786
Q4 2025834

Buyers vs sellers

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

Bought or addedCut or sold out
5000500Q1 24: 278 bought or addedQ1 24: 395 cut or sold outQ2 24: 263 bought or addedQ2 24: 371 cut or sold outQ2 24Q3 24: 305 bought or addedQ3 24: 346 cut or sold outQ4 24: 357 bought or addedQ4 24: 309 cut or sold outQ4 24Q1 25: 323 bought or addedQ1 25: 373 cut or sold outQ2 25: 343 bought or addedQ2 25: 356 cut or sold outQ2 25Q3 25: 332 bought or addedQ3 25: 345 cut or sold outQ4 25: 419 bought or addedQ4 25: 302 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024278395
Q2 2024263371
Q3 2024305346
Q4 2024357309
Q1 2025323373
Q2 2025343356
Q3 2025332345
Q4 2025419302

Calls vs puts

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

CallsPuts
$0$250k$500k$750k$1mQ1 25 calls: $846.4kQ1 25 puts: $8.3kQ1 25P/C 0.01Q2 25 calls: $840.9kQ2 25 puts: $0Q2 25P/C 0.00Q3 25 calls: $624.0kQ3 25 puts: $0Q3 25P/C 0.00Q4 25 calls: $245.6kQ4 25 puts: $0Q4 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q1 2025$846.4k$8.3k0.01
Q2 2025$840.9k$00.00
Q3 2025$624.0k$00.00
Q4 2025$245.6k$00.00

Biggest buyers

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +1,507,512+1.5m
Corient Private Wealth LP Added +1,488,942+1.5m
RMG Wealth Management LLC Added +1,458,137+1.5m
CITADEL ADVISORS LLC Added +1,061,978+1.1m
Fund Evaluation Group, LLC Added +393,094+393.1k
DRW Securities, LLC Added +393,065+393.1k
DROMS STRAUSS ADVISORS INC /MO/ /ADV Added +389,106+389.1k
JONES FINANCIAL COMPANIES LLLP Added +372,662+372.7k
JANE STREET GROUP, LLC New +221,427+221.4k
MORGAN STANLEY Added +203,020+203.0k

Biggest sellers

JPMORGAN CHASE & CO Reduced -1,107,207-1.1m
Wealthspire Advisors, LLC Reduced -887,206-887.2k
HighTower Advisors, LLC Reduced -782,745-782.7k
Sanctuary Advisors, LLC Reduced -690,563-690.6k
HBK Sorce Advisory LLC Reduced -657,300-657.3k
ENVESTNET ASSET MANAGEMENT INC Reduced -506,494-506.5k
Financial Engines Advisors L.L.C. Reduced -496,566-496.6k
SageView Advisory Group, LLC Reduced -351,347-351.3k
ROYAL BANK OF CANADA Reduced -314,638-314.6k
Empirical Financial Services, LLC d.b.a. Empirical Wealth Management Reduced -254,286-254.3k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $245.6k7.5k shares

Biggest puts

None

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, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Creative Planning 0.44% of their portfolio OVERLAND PARK, KS 18,906,93418.9m $619.2m $619.2m 0.44% Reduced -218.5k -218,542
2 Financial Engines Advisors L.L.C. 1.01% of their portfolio SANTA CLARA, CA 16,211,36316.2m $530.9m $530.9m 1.01% Reduced -496.6k -496,566
3 HighTower Advisors, LLC 0.35% of their portfolio CHICAGO, IL 9,662,6259.7m $316.5m $316.5m 0.35% Reduced -782.7k -782,745
4 US BANCORP \DE\ 0.25% of their portfolio MINNEAPOLIS, MN 6,543,4756.5m $214.3m $214.3m 0.25% Added +32.7k +32,697
5 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.07% of their portfolio MILWAUKEE, WI 3,464,0843.5m $113.4m $113.4m 0.07% Reduced -36.2k -36,175
6 SageView Advisory Group, LLC 3.72% of their portfolio Newport Beach, CA 3,358,9353.4m $110.0m $110.0m 3.72% Reduced -351.3k -351,347
7 Corient Private Wealth LP 0.07% of their portfolio MIAMI, FL 2,963,1563.0m $97.0m $97.0m 0.07% Added +1.5m +1,488,942
8 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,324,7072.3m $76.1m $76.1m 0.00% Added +203.0k +203,020
9 Rakuten Investment Management, Inc. 0.25% of their portfolio TOKYO, M0 2,245,6032.2m $74.6m $74.6m 0.25% Unchanged
10 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.10% of their portfolio PLYMOUTH, MN 2,234,7232.2m $75.8m $75.8m 0.10% Reduced -6.0k -5,958
11 REBALANCE, LLC 4.15% of their portfolio PALO ALTO, CA 2,167,9372.2m $71.0m $71.0m 4.15% Added +92.5k +92,510
12 MATHER GROUP, LLC. 0.71% of their portfolio CHICAGO, IL 2,095,8942.1m $68.6m $68.6m 0.71% Added +783 +783
13 Orgel Wealth Management, LLC 1.45% of their portfolio ALTOONA, WI 2,002,6762.0m $65.6m $65.6m 1.45% Added +33.6k +33,631
14 MONETA GROUP INVESTMENT ADVISORS LLC 0.47% of their portfolio ST LOUIS, MO 1,893,1891.9m $62.0m $62.0m 0.47% Added +50.2k +50,152
15 Sanctuary Advisors, LLC 0.34% of their portfolio INDIANAPOLIS, IN 1,873,2481.9m $61.3m $61.3m 0.34% Reduced -690.6k -690,563
16 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,730,0911.7m $56.7m $56.7m 0.00% Reduced -1.1m -1,107,207
17 JONES FINANCIAL COMPANIES LLLP 0.03% of their portfolio DES PERES, MO 1,661,7571.7m $54.4m $54.4m 0.03% Added +372.7k +372,662
18 Krilogy Financial LLC 1.95% of their portfolio ST. LOUIS, MO 1,656,4631.7m $57.5m $57.5m 1.95% Added +49.0k +49,001
19 FMR LLC 0.00% of their portfolio BOSTON, MA 1,580,1751.6m $51.8m $51.8m 0.00% Reduced -24.7k -24,717
20 Heartwood Wealth Advisors LLC 4.67% of their portfolio RICHMOND, VA 1,548,9721.5m $50.7m $50.7m 4.67% Added +7.7k +7,691
21 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.07% of their portfolio BALA CYNWYD, PA 1,544,8761.5m $50.6m $50.6m 0.07% Added +1.5m +1,507,512
22 Mariner, LLC 0.06% of their portfolio Overland Park, KS 1,488,3981.5m $48.7m $48.7m 0.06% Added +52.8k +52,812
23 MERCER GLOBAL ADVISORS INC /ADV 0.07% of their portfolio DENVER, CO 1,487,8011.5m $48.7m $48.7m 0.07% Reduced -21.9k -21,892
24 RMG Wealth Management LLC 5.87% of their portfolio PLATTEVILLE, WI 1,458,1741.5m $45.3m $45.3m 5.87% Added +1.5m +1,458,137
25 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 1,440,9361.4m $47.2m $47.2m 0.01% Added +112.5k +112,479
26 Fund Evaluation Group, LLC 1.38% of their portfolio CINCINNATI, OH 1,269,8001.3m $41.6m $41.6m 1.38% Added +393.1k +393,094
27 BlueSky Wealth Advisors, LLC 5.12% of their portfolio New Bern, NC 1,186,4831.2m $38.9m $38.9m 5.12% Added +22.2k +22,243
28 COOPER/HAIMS ADVISORS, LLC 17.66% of their portfolio VICTOR, NY 1,186,1451.2m $38.8m $38.8m 17.66% Reduced -55.4k -55,389
29 CITADEL ADVISORS LLC 0.02% of their portfolio MIAMI, FL 1,088,5771.1m $35.7m $35.7m 0.02% Added +1.1m +1,061,978
30 RAINEY & RANDALL WEALTH ADVISORS INC. 5.75% of their portfolio Celebration, FL 1,075,5801.1m $35.2m $35.2m 5.75% Added +25.7k +25,733
31 Wealthspire Advisors, LLC 0.26% of their portfolio NEW YORK, NY 1,008,0301.0m $33.0m $33.0m 0.26% Reduced -887.2k -887,206
32 McAdam, LLC 1.47% of their portfolio Philadelphia, PA 982,428982.4k $32.2m $32.2m 1.47% Reduced -18.4k -18,369
33 JMG Financial Group, Ltd. 0.89% of their portfolio DOWNERS GROVE, IL 964,691964.7k $31.6m $31.6m 0.89% Reduced -54.0k -54,023
34 Mountain Capital Investment Advisors Inc. 4.75% of their portfolio WESTMINSTER, CO 849,835849.8k $29.4m $29.4m 4.75% Added +87.3k +87,320
35 Cerity Partners LLC 0.04% of their portfolio NEW YORK, NY 844,223844.2k $27.6m $27.6m 0.04% Added +9.3k +9,341
36 Cetera Investment Advisers 0.03% of their portfolio SCHAUMBURG, IL 836,196836.2k $27.4m $27.4m 0.03% Added +10.1k +10,127
37 HBK Sorce Advisory LLC 0.65% of their portfolio ERIE, PA 808,459808.5k $28.3m $28.3m 0.65% Reduced -657.3k -657,300
38 BENJAMIN EDWARDS INC 0.29% of their portfolio Clayton, MO 795,145795.1k $26.0m $26.0m 0.29% Added +45.1k +45,089
39 SCS Capital Management LLC 0.26% of their portfolio BOSTON, MA 742,539742.5k $24.3m $24.3m 0.26% Reduced -3.5k -3,463
40 UBS Group AG 0.00% of their portfolio ZURICH, V8 679,591679.6k $22.3m $22.3m 0.00% Added +9.5k +9,496
41 Charles Schwab Trust Co 1.44% of their portfolio HENDERSON, NV 668,273668.3k $21.9m $21.9m 1.44% Added +25.6k +25,574
42 Ballentine Partners, LLC 0.30% of their portfolio Waltham, MA 660,482660.5k $21.6m $21.6m 0.30% Reduced -45.9k -45,947
43 93 Financial Group, LLC 9.20% of their portfolio WOBURN, MA 645,316645.3k $21.1m $21.1m 9.20% First filing
44 OSAIC HOLDINGS, INC. 0.03% of their portfolio SCOTTSDALE, AZ 578,013578.0k $18.9m $18.9m 0.03% Added +44.9k +44,889
45 Thrivent Financial for Lutherans 0.03% of their portfolio Minneapolis, MN 557,043557.0k $18.3m $18.3m 0.03% Added +102.6k +102,596
46 PURE PORTFOLIOS HOLDINGS LLC 5.08% of their portfolio LAKE OSWEGO, OR 515,022515.0k $16.9m $16.9m 5.08% Added +23.9k +23,862
47 Waverly Advisors, LLC 0.13% of their portfolio BIRMINGHAM, AL 506,867506.9k $16.6m $16.6m 0.13% Reduced -10.1k -10,144
48 Focus Partners Wealth 0.02% of their portfolio ST LOUIS, MO 499,216499.2k $16.3m $16.3m 0.02% Added +14.5k +14,498
49 SUMMIT WEALTH & RETIREMENT PLANNING, INC. 3.85% of their portfolio EAGLE, ID 499,044499.0k $16.3m $16.3m 3.85% Added +3.2k +3,229
50 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 490,698490.7k $16.1m $16.1m 0.00% Reduced -506.5k -506,494
51 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 488,798488.8k $16.0m $16.0m 0.00% Added +4.5k +4,549
52 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 487,497487.5k $16.0m $16.0m 0.02% Added +10.5k +10,455
53 Alliance Wealth Management Group 3.47% of their portfolio FLEMINGTON, NJ 482,441482.4k $15.8m $15.8m 3.47% Reduced -26.1k -26,100
54 Towercrest Capital Management 2.49% of their portfolio NEWTOWN, PA 482,441482.4k $15.8m $15.8m 2.49% Reduced -26.1k -26,100
55 Empirical Financial Services, LLC d.b.a. Empirical Wealth Management 0.27% of their portfolio Seattle, WA 467,279467.3k $15.3m $15.3m 0.27% Reduced -254.3k -254,286
56 NAPLES GLOBAL ADVISORS, LLC 1.14% of their portfolio NAPLES, FL 464,056464.1k $15.2m $15.2m 1.14% Added +10.9k +10,926
57 TruNorth Capital Management, LLC 2.81% of their portfolio KALAMAZOO, MI 451,942451.9k $14.8m $14.8m 2.81% Added +5.6k +5,643
58 Procyon Advisors, LLC 0.73% of their portfolio SHELTON, CT 448,515448.5k $14.7m $14.7m 0.73% Reduced -247 -247
59 KLINGENSTEIN FIELDS & CO LP 0.55% of their portfolio NEW YORK, NY 448,219448.2k $14.7m $14.7m 0.55% Reduced -5.7k -5,732
60 DROMS STRAUSS ADVISORS INC /MO/ /ADV 3.86% of their portfolio ST. LOUIS, MO 447,679447.7k $14.7m $14.7m 3.86% Added +389.1k +389,106
61 ADAMSBROWN WEALTH CONSULTANTS LLC 3.91% of their portfolio WICHITA, KS 428,583428.6k $14.0m $14.0m 3.91% Added +3.5k +3,453
62 DRW Securities, LLC 1.03% of their portfolio CHICAGO, IL 411,908411.9k $13.5m $13.5m 1.03% Added +393.1k +393,065
63 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 378,078378.1k $12.4m $12.4m 0.00% Added +16.3k +16,325
64 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 365,221365.2k $12.0m $12.0m 0.00% Reduced -314.6k -314,638
65 CABOT WEALTH MANAGEMENT INC 1.31% of their portfolio BEVERLY, MA 361,205361.2k $11.8m $11.8m 1.31% Added +20.9k +20,940
66 Pathstone Holdings, LLC 0.04% of their portfolio ENGLEWOOD, NJ 355,418355.4k $11.6m $11.6m 0.04% Reduced -16.9k -16,949
67 IHT Wealth Management, LLC 0.28% of their portfolio Chicago, IL 354,472354.5k $11.6m $11.6m 0.28% Reduced -3.1k -3,078
68 Gemmer Asset Management LLC 0.88% of their portfolio WALNUT CREEK, CA 350,116350.1k $11.5m $11.5m 0.88% Added +71.4k +71,360
69 NORTH STAR ASSET MANAGEMENT INC 0.45% of their portfolio NEENAH, WI 339,263339.3k $11.1m $11.1m 0.45% Added +15.9k +15,918
70 Cresset Asset Management, LLC 0.05% of their portfolio Chicago, IL 333,466333.5k $10.9m $10.9m 0.05% Reduced -248 -248
71 RFG - Bristol Wealth Advisors, LLC 3.02% of their portfolio TAUNTON, MA 331,410331.4k $10.9m $10.9m 3.02% Added +16.9k +16,932
72 SigFig Wealth Management, LLC 0.33% of their portfolio SAN FRANCISCO, CA 331,347331.3k $10.9m $10.9m 0.33% Reduced -7.5k -7,460
73 CAPTRUST FINANCIAL ADVISORS 0.02% of their portfolio RALEIGH, NC 331,156331.2k $10.8m $10.8m 0.02% Added +83.2k +83,214
74 Cambridge Investment Research Advisors, Inc. 0.03% of their portfolio FAIRFIELD, IA 330,831330.8k $10.8m $10.8m 0.03% Added +26.9k +26,860
75 Brand Asset Management Group, Inc. 3.00% of their portfolio CHESTERFIELD, MO 328,061328.1k $10.7m $10.7m 3.00% Reduced -6.3k -6,331
76 Prime Capital Investment Advisors, LLC 0.13% of their portfolio OVERLAND PARK, KS 324,351324.4k $10.6m $10.6m 0.13% Reduced -18.6k -18,562
77 HC Advisors, LLC 7.34% of their portfolio SANDY SPRINGS, GA 323,731323.7k $10.6m $10.6m 7.34% Reduced -6.2k -6,175
78 Red Tortoise LLC 4.42% of their portfolio ATLANTA, GA 314,658314.7k $10.3m $10.3m 4.42% Added +9.5k +9,518
79 AlphaCore Capital LLC 0.23% of their portfolio LA JOLLA, CA 310,853310.9k $10.2m $10.2m 0.23% Reduced -17.7k -17,738
80 Main Street Financial Solutions, LLC 0.75% of their portfolio NEWTOWN, PA 304,716304.7k $10.0m $10.0m 0.75% Added +9.4k +9,438
81 MorganRosel Wealth Management, LLC 2.46% of their portfolio HIGHLANDS RANCH, CO 299,921299.9k $9.8m $9.8m 2.46% Added +2.8k +2,826
82 Seneca Financial Advisors LLC 2.97% of their portfolio ROCHESTER, NY 298,144298.1k $9.8m $9.8m 2.97% Added +5.2k +5,205
83 Steele Capital Management, Inc. 0.41% of their portfolio DUBUQUE, IA 294,008294.0k $9.6m $9.6m 0.41% Reduced -3.2k -3,231
84 Garde Capital, Inc. 0.55% of their portfolio SEATTLE, WA 284,077284.1k $9.3m $9.3m 0.55% Reduced -6.4k -6,365
85 Visionary Wealth Advisors 0.41% of their portfolio O'FALLON, IL 278,266278.3k $9.1m $9.1m 0.41% Added +8.5k +8,484
86 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 277,602277.6k $9.1m $9.1m 0.00% Added +18.2k +18,198
87 Apriem Advisors 0.82% of their portfolio IRVINE, CA 274,019274.0k $9.0m $9.0m 0.82% Added +6.9k +6,890
88 HANTZ FINANCIAL SERVICES, INC. 0.13% of their portfolio SOUTHFIELD, MI 270,164270.2k $8.8m $8.8m 0.13% Reduced -73.9k -73,881
89 BALLAST ADVISORS LLC 2.43% of their portfolio WOODBURY, MN 268,831268.8k $8.8m $8.8m 2.43% Added +469 +469
90 Wedmont Private Capital 0.31% of their portfolio WEST CHESTER, PA 265,105265.1k $8.9m $8.9m 0.31% Reduced -7.0k -7,018
91 Invst, LLC 0.93% of their portfolio INDIANAPOLIS, IN 262,008262.0k $8.6m $8.6m 0.93% Added +13.9k +13,898
92 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 259,086259.1k $8.5m $8.5m 0.00% Added +18.1k +18,123
93 PRINCIPAL SECURITIES, INC. 0.13% of their portfolio DES MOINES, IA 249,855249.9k $8.2m $8.2m 0.13% Added +88.9k +88,898
94 Geneos Wealth Management Inc. 0.20% of their portfolio ENGLEWOOD, CO 246,270246.3k $8.1m $8.1m 0.20% Added +2.0k +2,038
95 Boltwood Capital Management 2.06% of their portfolio WALNUT CREEK, CA 241,731241.7k $7.9m $7.9m 2.06% Reduced -221 -221
96 Savant Capital, LLC 0.04% of their portfolio ROCKFORD, IL 238,720238.7k $7.8m $7.8m 0.04% Reduced -4.2k -4,221
97 St. Louis Trust Co 0.87% of their portfolio SAINT LOUIS, MO 231,273231.3k $7.6m $7.6m 0.87% Unchanged
98 Boyd Wealth Management, LLC 3.19% of their portfolio SACRAMENTO, CA 230,030230.0k $7.5m $7.5m 3.19% Reduced -243.0k -242,985
99 Nicholas Hoffman & Company, LLC. 0.17% of their portfolio ATLANTA, GA 229,295229.3k $7.5m $7.5m 0.17% Added +2.0k +2,031
100 SIERRA OCEAN, LLC 6.12% of their portfolio RIPON, CA 225,814225.8k $7.4m $7.4m 6.12% Added +6.6k +6,583