Vault-13

SCHWAB STRATEGIC TR FNDF

FUNDAMENTAL INTL · ETP · CUSIP 808524755

771 institutional holders +80 vs Q3 2025
314,134,510314.1m shares reported held*
$14.2bnreported value*
64 new 323 added 197 reduced 28 sold out net bought ≈ $446.9m (+9.9m 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 ($874.6k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $45.32. Options: 0 managers hold calls (— notional), 1 hold puts ($330.0k).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

05001kQ3 22: 362Q4 22: 416Q1 23: 431Q2 23: 441Q3 23: 443Q4 23: 501Q1 24: 520Q2 24: 536Q3 24: 555Q4 24: 599Q1 25: 614Q2 25: 665Q3 25: 691Q4 25: 771771Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 2022362
Q4 2022416
Q1 2023431
Q2 2023441
Q3 2023443
Q4 2023501
Q1 2024520
Q2 2024536
Q3 2024555
Q4 2024599
Q1 2025614
Q2 2025665
Q3 2025691
Q4 2025771

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q1 24: 288 bought or addedQ1 24: 183 cut or sold outQ2 24: 277 bought or addedQ2 24: 202 cut or sold outQ2 24Q3 24: 297 bought or addedQ3 24: 182 cut or sold outQ4 24: 305 bought or addedQ4 24: 196 cut or sold outQ4 24Q1 25: 296 bought or addedQ1 25: 245 cut or sold outQ2 25: 360 bought or addedQ2 25: 222 cut or sold outQ2 25Q3 25: 339 bought or addedQ3 25: 229 cut or sold outQ4 25: 387 bought or addedQ4 25: 225 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024288183
Q2 2024277202
Q3 2024297182
Q4 2024305196
Q1 2025296245
Q2 2025360222
Q3 2025339229
Q4 2025387225

Calls vs puts

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

CallsPuts
$0$100k$200k$300k$400kQ1 25 calls: $0Q1 25 puts: $0Q1 25P/C —Q2 25 calls: $0Q2 25 puts: $0Q2 25P/C —Q3 25 calls: $0Q3 25 puts: $0Q3 25P/C —Q4 25 calls: $0Q4 25 puts: $330.0kQ4 25P/C —
Numbers
QuarterCallsPutsP/C
Q1 2025$0$0—
Q2 2025$0$0—
Q3 2025$0$0—
Q4 2025$0$330.0k—

Biggest buyers

Boulay Financial Advisors, LLC New +2,461,305+2.5m
MORGAN STANLEY Added +2,435,053+2.4m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +1,165,697+1.2m
CITADEL ADVISORS LLC Added +993,380+993.4k
Auto-Owners Insurance Co Added +937,000+937.0k
BANK OF AMERICA CORP /DE/ Added +882,632+882.6k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Added +632,562+632.6k
Vise Technologies, Inc. New +452,251+452.3k
CWM, LLC Added +365,464+365.5k
CAPTRUST FINANCIAL ADVISORS Added +236,951+237.0k

Biggest sellers

Corient Private Wealth LP Reduced -1,911,104-1.9m
JANE STREET GROUP, LLC Reduced -845,905-845.9k
FMR LLC Reduced -812,463-812.5k
CHARLES SCHWAB INVESTMENT MANAGEMENT INC Reduced -670,894-670.9k
JPMORGAN CHASE & CO Reduced -264,738-264.7k
Crossmark Global Holdings, Inc. Sold out -143,497-143.5k
Vestmark Advisory Solutions, Inc. Reduced -137,579-137.6k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -128,277-128.3k
AlphaCore Capital LLC Reduced -127,162-127.2k
McKinley Carter Wealth Services, Inc. Reduced -126,344-126.3k

Biggest calls

None

Biggest puts

CITADEL ADVISORS LLC New $330.0k7.3k 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, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 1.03% of their portfolio SAN FRANCISCO, CA 146,483,938146.5m $6.6bn $6.6bn 1.03% Reduced -670.9k -670,894
2 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 1.16% of their portfolio PLYMOUTH, MN 18,458,74818.5m $855.8m $855.8m 1.16% Added +632.6k +632,562
3 REGIONS FINANCIAL CORP 2.65% of their portfolio BIRMINGHAM, AL 9,160,9809.2m $414.2m $414.2m 2.65% Added +55.6k +55,598
4 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 8,650,7068.7m $391.1m $391.1m 0.02% Added +2.4m +2,435,053
5 BANK OF AMERICA CORP /DE/ 0.03% of their portfolio CHARLOTTE, NC 8,100,1268.1m $366.2m $366.2m 0.03% Added +882.6k +882,632
6 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.17% of their portfolio MILWAUKEE, WI 6,032,9956.0m $272.8m $272.8m 0.17% Reduced -7.8k -7,812
7 WELLS FARGO & COMPANY/MN 0.05% of their portfolio SAN FRANCISCO, CA 5,983,4716.0m $270.5m $270.5m 0.05% Added +68.4k +68,387
8 Auto-Owners Insurance Co 3.46% of their portfolio LANSING, MI 3,640,0003.6m $164.7m $164.7m 3.46% Added +937.0k +937,000
9 CAPTRUST FINANCIAL ADVISORS 0.29% of their portfolio RALEIGH, NC 3,399,3223.4m $153.7m $153.7m 0.29% Added +237.0k +236,951
10 VICTORY CAPITAL MANAGEMENT INC 0.08% of their portfolio San Antonio, TX 3,242,6883.2m $146.6m $146.6m 0.08% Unchanged
11 Mountain Capital Investment Advisors Inc. 20.56% of their portfolio WESTMINSTER, CO 2,644,5722.6m $127.4m $127.4m 20.56% Added +39.9k +39,923
12 AMERIPRISE FINANCIAL INC 0.03% of their portfolio MINNEAPOLIS, MN 2,596,5302.6m $117.4m $117.4m 0.03% Added +128.7k +128,748
13 FOSTER & MOTLEY INC 6.01% of their portfolio CINCINNATI, OH 2,491,5592.5m $112.6m $112.6m 6.01% Reduced -6.0k -5,969
14 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 2,481,6862.5m $112.2m $112.2m 0.03% Added +198.8k +198,788
15 Boulay Financial Advisors, LLC 13.08% of their portfolio EDEN PRAIRIE, MN 2,461,3052.5m $111.3m $111.3m 13.08% New
16 ENVESTNET ASSET MANAGEMENT INC 0.03% of their portfolio Berwyn, PA 2,201,6792.2m $99.5m $99.5m 0.03% Added +89.7k +89,727
17 FMR LLC 0.00% of their portfolio BOSTON, MA 1,848,8871.8m $83.6m $83.6m 0.00% Reduced -812.5k -812,463
18 AlphaCore Capital LLC 1.63% of their portfolio LA JOLLA, CA 1,602,0451.6m $72.4m $72.4m 1.63% Reduced -127.2k -127,162
19 Cetera Investment Advisers 0.08% of their portfolio SCHAUMBURG, IL 1,584,5771.6m $71.6m $71.6m 0.08% Added +54.3k +54,263
20 UBS Group AG 0.01% of their portfolio ZURICH, V8 1,413,9951.4m $63.9m $63.9m 0.01% Added +36.6k +36,558
21 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.08% of their portfolio BALA CYNWYD, PA 1,345,5221.3m $60.8m $60.8m 0.08% Added +1.2m +1,165,697
22 StoneX Group Inc. 2.64% of their portfolio NEW YORK, NY 1,344,2841.3m $60.8m $60.8m 2.64% Added +613 +613
23 OSAIC HOLDINGS, INC. 0.09% of their portfolio SCOTTSDALE, AZ 1,337,9041.3m $60.5m $60.5m 0.09% Reduced -46.6k -46,602
24 Orion Porfolio Solutions, LLC 0.42% of their portfolio OMAHA, NE 1,254,4031.3m $56.7m $56.7m 0.42% Reduced -49.9k -49,868
25 HighTower Advisors, LLC 0.06% of their portfolio CHICAGO, IL 1,248,3931.2m $56.4m $56.4m 0.06% Added +226.5k +226,465
26 Strata Wealth Advisors, LLC 15.61% of their portfolio DALLAS, TX 1,241,0261.2m $56.1m $56.1m 15.61% Reduced -57.8k -57,750
27 CVA Family Office, LLC 6.21% of their portfolio DENVER, CO 1,195,0461.2m $54.0m $54.0m 6.21% Added +152.8k +152,829
28 Trust Co 4.87% of their portfolio MANHATTAN, KS 1,149,4911.1m $52.0m $52.0m 4.87% Reduced -4.3k -4,259
29 ALPS ADVISORS INC 0.30% of their portfolio Denver, CO 1,131,2191.1m $51.1m $51.1m 0.30% Reduced -26.9k -26,850
30 Capital Advantage, Inc. 6.73% of their portfolio Walnut Creek, CA 1,103,9541.1m $49.9m $49.9m 6.73% Added +42.5k +42,502
31 Capital Advisors Wealth Management, LLC 6.61% of their portfolio YAKIMA, WA 1,072,9041.1m $48.5m $48.5m 6.61% Added +69.5k +69,532
32 Nadler Financial Group, Inc. 4.49% of their portfolio DEERFIELD, IL 1,068,1401.1m $48.3m $48.3m 4.49% Added +30.8k +30,835
33 Hardy Reed LLC 3.43% of their portfolio TUPELO, MS 1,063,4271.1m $48.1m $48.1m 3.43% Added +24.8k +24,760
34 CANANDAIGUA NATIONAL BANK & TRUST CO 4.29% of their portfolio CANANDAIGUA, NY 1,057,7081.1m $47.8m $47.8m 4.29% Added +6.4k +6,418
35 Charles Schwab Trust Co 3.11% of their portfolio HENDERSON, NV 1,045,5701.0m $47.3m $47.3m 3.11% Added +13.2k +13,203
36 Private Advisor Group, LLC 0.22% of their portfolio MORRISTOWN, NJ 1,030,3451.0m $46.6m $46.6m 0.22% Added +19.5k +19,510
37 CITADEL ADVISORS LLC 0.03% of their portfolio MIAMI, FL 1,009,0151.0m $45.6m $45.6m 0.03% Added +993.4k +993,380
38 Verde Capital Management 9.46% of their portfolio CLARKSTON, MI 981,015981.0k $44.4m $44.4m 9.46% Added +40.1k +40,124
39 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 922,533922.5k $41.7m $41.7m 0.01% Added +136.2k +136,223
40 Mariner, LLC 0.05% of their portfolio Overland Park, KS 902,587902.6k $40.8m $40.8m 0.05% Added +33.3k +33,323
41 MFA WEALTH ADVISORS, LLC 8.57% of their portfolio PITTSBURGH, PA 896,932896.9k $40.6m $40.6m 8.57% Added +6.0k +5,967
42 Pallas Capital Advisors LLC 1.27% of their portfolio BRAINTREE, MA 854,093854.1k $38.6m $38.6m 1.27% Added +53.3k +53,270
43 Johnson Bixby & Associates, LLC 4.77% of their portfolio VANCOUVER, WA 851,372851.4k $38.5m $38.5m 4.77% Added +35.0k +34,976
44 Cambridge Investment Research Advisors, Inc. 0.10% of their portfolio FAIRFIELD, IA 823,303823.3k $37.2m $37.2m 0.10% Added +10.1k +10,133
45 JANE STREET GROUP, LLC 0.04% of their portfolio NEW YORK, NY 820,159820.2k $37.1m $37.1m 0.04% Reduced -845.9k -845,905
46 Arlington Financial Advisors, LLC 5.24% of their portfolio SANTA BARBARA, CA 808,487808.5k $36.6m $36.6m 5.24% Added +17.2k +17,236
47 Barry Investment Advisors, LLC 7.99% of their portfolio NEW BEDFORD, MA 793,737793.7k $35.9m $35.9m 7.99% Reduced -174 -174
48 CWM, LLC 0.10% of their portfolio OMAHA, NE 782,249782.2k $35.4m $35.4m 0.10% Added +365.5k +365,464
49 Unison Advisors LLC 3.09% of their portfolio PROVIDENCE, RI 781,514781.5k $35.3m $35.3m 3.09% Added +19.4k +19,406
50 Resonant Capital Advisors, LLC 1.86% of their portfolio Madison, WI 746,700746.7k $33.8m $33.8m 1.86% Added +55.4k +55,436
51 Opes Wealth Management LLC 5.49% of their portfolio MENLO PARK, CA 714,490714.5k $32.3m $32.3m 5.49% Added +11.8k +11,833
52 Dynamic Advisor Solutions LLC 1.04% of their portfolio PHOENIX, AZ 713,497713.5k $32.3m $32.3m 1.04% Added +26.4k +26,369
53 LEAVELL INVESTMENT MANAGEMENT, INC. 1.32% of their portfolio MOBILE, AL 701,768701.8k $31.7m $31.7m 1.32% Added +15.6k +15,575
54 Bell Investment Advisors, Inc 4.90% of their portfolio ORINDA, CA 685,355685.4k $31.0m $31.0m 4.90% Added +11.7k +11,660
55 Focus Financial Network, Inc. 1.03% of their portfolio MINNEAPOLIS, MN 657,138657.1k $29.7m $29.7m 1.03% Added +41.8k +41,793
56 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 639,619639.6k $28.9m $28.9m 0.01% Added +75.7k +75,650
57 WESCAP Management Group, Inc. 5.84% of their portfolio Glendale, CA 637,395637.4k $28.8m $28.8m 5.84% Reduced -28.9k -28,867
58 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 632,632632.6k $28.6m $28.6m 0.00% Reduced -264.7k -264,738
59 Geneos Wealth Management Inc. 0.70% of their portfolio ENGLEWOOD, CO 631,222631.2k $28.5m $28.5m 0.70% Reduced -3.6k -3,627
60 EXENCIAL WEALTH ADVISORS, LLC 0.87% of their portfolio OKLAHOMA CITY, OK 610,738610.7k $27.6m $27.6m 0.87% Reduced -8.5k -8,513
61 Solitude Financial Services 8.59% of their portfolio CHARLOTTESVILLE, VA 576,304576.3k $26.1m $26.1m 8.59% Reduced -14.0k -13,984
62 COMMONWEALTH EQUITY SERVICES, LLC 0.03% of their portfolio WALTHAM, MA 566,899566.9k $25.6m $25.6m 0.03% Reduced -128.3k -128,277
63 Prairiewood Capital, LLC 7.71% of their portfolio FARGO, ND 549,436549.4k $24.8m $24.8m 7.71% Added +26.3k +26,335
64 KEELER & NADLER FINANCIAL PLANNING & WEALTH MANAGEMENT 8.59% of their portfolio Dublin, OH 548,291548.3k $24.8m $24.8m 8.59% Added +36.5k +36,484
65 Opus Capital Group, LLC 2.65% of their portfolio CINCINNATI, OH 540,769540.8k $24.4m $24.4m 2.65% Added +6.9k +6,860
66 MAI Capital Management 0.14% of their portfolio INDEPENDENCE, OH 532,648532.6k $24.1m $24.1m 0.14% Added +58.3k +58,287
67 CABOT WEALTH MANAGEMENT INC 2.65% of their portfolio BEVERLY, MA 530,689530.7k $24.0m $24.0m 2.65% Added +24.1k +24,108
68 Focus Partners Wealth 0.03% of their portfolio ST LOUIS, MO 521,126521.1k $22.8m $22.8m 0.03% Added +22.1k +22,126
69 Creative Planning 0.02% of their portfolio OVERLAND PARK, KS 494,307494.3k $22.3m $22.3m 0.02% Added +42.3k +42,317
70 Tradition Wealth Management, LLC 1.58% of their portfolio EDINA, MN 486,927486.9k $22.0m $22.0m 1.58% Reduced -9.2k -9,200
71 Sequoia Financial Advisors, LLC 0.12% of their portfolio Akron, OH 486,816486.8k $22.0m $22.0m 0.12% Reduced -6.6k -6,615
72 Savant Capital, LLC 0.12% of their portfolio ROCKFORD, IL 478,997479.0k $21.7m $21.7m 0.12% Reduced -14.2k -14,173
73 GREAT VALLEY ADVISOR GROUP, INC. 0.41% of their portfolio WILMINGTON, DE 472,655472.7k $21.4m $21.4m 0.41% Added +14.7k +14,746
74 Red Tortoise LLC 8.88% of their portfolio ATLANTA, GA 457,602457.6k $20.7m $20.7m 8.88% Added +36.6k +36,608
75 Seven Springs Wealth Group, LLC 5.89% of their portfolio BRENTWOOD, TN 456,135456.1k $20.6m $20.6m 5.89% Reduced -3.1k -3,107
76 Vise Technologies, Inc. 0.40% of their portfolio NEW YORK, NY 452,251452.3k $20.4m $20.4m 0.40% New
77 McKinley Carter Wealth Services, Inc. 1.13% of their portfolio WHEELING, WV 445,359445.4k $20.1m $20.1m 1.13% Reduced -126.3k -126,344
78 Keudell/Morrison Wealth Management 4.12% of their portfolio Salem, OR 433,575433.6k $19.6m $19.6m 4.12% First filing
79 Corient Private Wealth LP 0.01% of their portfolio MIAMI, FL 429,629429.6k $19.4m $19.4m 0.01% Reduced -1.9m -1,911,104
80 CAPITAL WEALTH MANAGEMENT, LLC 6.22% of their portfolio W. WARWICK, RI 426,086426.1k $19.3m $19.3m 6.22% Added +4.5k +4,461
81 STUDIO INVESTMENT MANAGEMENT LLC 3.26% of their portfolio CHICAGO, IL 394,842394.8k $17.9m $17.9m 3.26% Reduced -3.3k -3,331
82 Maia Wealth LLC 3.44% of their portfolio DENVER, CO 393,522393.5k $20.1m $20.1m 3.44% Added +78.5k +78,524
83 HOWARD FINANCIAL SERVICES, LTD. 2.07% of their portfolio DALLAS, TX 391,467391.5k $17.7m $17.7m 2.07% Added +12.8k +12,793
84 Verum Partners LLC 3.55% of their portfolio CHARLOTTE, NC 388,938388.9k $17.6m $17.6m 3.55% Added +14.6k +14,610
85 JNBA Financial Advisors 1.53% of their portfolio BLOOMINGTON, MN 386,322386.3k $17.5m $17.5m 1.53% Reduced -5.4k -5,411
86 Sound Portfolio Advisors, LLC 14.64% of their portfolio MYSTIC, CT 385,611385.6k $17.4m $17.4m 14.64% First filing
87 MOLLER WEALTH PARTNERS 3.64% of their portfolio NORTHFIELD, IL 383,993384.0k $17.4m $17.4m 3.64% Reduced -19.0k -18,991
88 Latko Wealth Management, Ltd. 8.31% of their portfolio FRANKFORT, IL 375,490375.5k $17.0m $17.0m 8.31% Added +199.9k +199,906
89 Certified Advisory Corp 1.50% of their portfolio ALTAMONTE SPRINGS, FL 365,336365.3k $16.5m $16.5m 1.50% Added +4.4k +4,387
90 MML INVESTORS SERVICES, LLC 0.04% of their portfolio SPRINGFIELD, MA 355,454355.5k $16.1m $16.1m 0.04% Reduced -5.0k -4,959
91 U.S. Capital Wealth Advisors, LLC 0.41% of their portfolio AUSTIN, TX 345,119345.1k $15.6m $15.6m 0.41% Reduced -1.8k -1,834
92 BEACON FINANCIAL PLANNING, INC 7.14% of their portfolio HYANNIS, MA 327,436327.4k $14.8m $14.8m 7.14% Added +13.2k +13,165
93 BlueSky Wealth Advisors, LLC 1.94% of their portfolio New Bern, NC 325,924325.9k $14.7m $14.7m 1.94% Reduced -4.1k -4,057
94 HHM Wealth Advisors, LLC 1.72% of their portfolio CHATTANOOGA, TN 322,126322.1k $14.6m $14.6m 1.72% Reduced -1.7k -1,743
95 JHP Wealth Management, LLC 13.34% of their portfolio CENTENNIAL, CO 304,816304.8k $13.8m $13.8m 13.34% First filing
96 Vestmark Advisory Solutions, Inc. 0.18% of their portfolio Wakefield, MA 296,660296.7k $13.4m $13.4m 0.18% Reduced -137.6k -137,579
97 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 291,873291.9k $13.3m $13.3m 0.02% Reduced -55.6k -55,564
98 CAHILL FINANCIAL ADVISORS INC 1.41% of their portfolio EDINA, MN 284,332284.3k $12.9m $12.9m 1.41% Added +18.9k +18,917
99 SOA Wealth Advisors, LLC. 2.14% of their portfolio NEW YORK, NY 280,290280.3k $12.7m $12.7m 2.14% Added +4.3k +4,332
100 Westover Capital Advisors, LLC 2.30% of their portfolio WILMINGTON, DE 279,246279.2k $12.6m $12.6m 2.30% Added +504 +504