Vault-13

SCHWAB STRATEGIC TR FNDX

FUNDAMENTAL US L · ETP · CUSIP 808524771

666 institutional holders +27 vs Q1 2025
616,264,956616.3m shares reported held*
$15.1bnreported value*
63 new 280 added 190 reduced 43 sold out net bought ≈ $725.4m (+29.6m 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 ($3.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $24.56.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0250500750Q3 22: 356Q4 22: 388Q1 23: 387Q2 23: 415Q3 23: 415Q4 23: 482Q1 24: 502Q2 24: 536Q3 24: 570Q4 24: 627Q1 25: 639Q2 25: 666666Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022356
Q4 2022388
Q1 2023387
Q2 2023415
Q3 2023415
Q4 2023482
Q1 2024502
Q2 2024536
Q3 2024570
Q4 2024627
Q1 2025639
Q2 2025666

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q3 23: 223 bought or addedQ3 23: 151 cut or sold outQ4 23: 260 bought or addedQ4 23: 155 cut or sold outQ4 23Q1 24: 288 bought or addedQ1 24: 173 cut or sold outQ2 24: 278 bought or addedQ2 24: 184 cut or sold outQ2 24Q3 24: 324 bought or addedQ3 24: 169 cut or sold outQ4 24: 316 bought or addedQ4 24: 194 cut or sold outQ4 24Q1 25: 352 bought or addedQ1 25: 209 cut or sold outQ2 25: 343 bought or addedQ2 25: 233 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023223151
Q4 2023260155
Q1 2024288173
Q2 2024278184
Q3 2024324169
Q4 2024316194
Q1 2025352209
Q2 2025343233

Calls vs puts

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

CallsPuts
$0$1k$2k$3kQ3 24 calls: $0Q3 24 puts: $0Q3 24P/C —Q4 24 calls: $0Q4 24 puts: $0Q4 24P/C —Q1 25 calls: $0Q1 25 puts: $2.8kQ1 25P/C —Q2 25 calls: $0Q2 25 puts: $0Q2 25P/C —
Numbers
QuarterCallsPutsP/C
Q3 2024$0$0—
Q4 2024$0$0—
Q1 2025$0$2.8k—
Q2 2025$0$0—

Biggest buyers

CHARLES SCHWAB INVESTMENT MANAGEMENT INC Added +12,903,364+12.9m
AlphaCore Capital LLC Added +3,382,953+3.4m
ENVESTNET ASSET MANAGEMENT INC Added +2,585,828+2.6m
Boulay Financial Advisors, LLC Added +2,257,735+2.3m
BlueStem Wealth Partners, LLC Added +1,908,596+1.9m
Clark Capital Management Group, Inc. Added +1,653,823+1.7m
LPL Financial LLC Added +969,875+969.9k
CAPTRUST FINANCIAL ADVISORS Added +771,493+771.5k
Cetera Investment Advisers Added +600,991+601.0k
ROYAL BANK OF CANADA Added +509,361+509.4k

Biggest sellers

ALPS ADVISORS INC Sold out -1,385,646-1.4m
QUADRANT CAPITAL GROUP LLC Reduced -1,240,237-1.2m
OSAIC HOLDINGS, INC. Reduced -481,434-481.4k
MANNING & NAPIER ADVISORS LLC Sold out -438,218-438.2k
Kestra Advisory Services, LLC Reduced -377,341-377.3k
AA Financial Advisors, LLC Reduced -274,756-274.8k
Systelligence, LLC Reduced -266,830-266.8k
Pacific Wealth Strategies Group, Inc. Reduced -252,436-252.4k
Merit Financial Group, LLC Reduced -252,099-252.1k
Foguth Wealth Management, LLC. Reduced -162,783-162.8k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 1.71% of their portfolio SAN FRANCISCO, CA 402,245,815402.2m $9.9bn $9.9bn 1.71% Added +12.9m +12,903,364
2 CAPTRUST FINANCIAL ADVISORS 0.89% of their portfolio RALEIGH, NC 16,304,29516.3m $400.1m $400.1m 0.89% Added +771.5k +771,493
3 Boulay Financial Advisors, LLC 31.57% of their portfolio EDEN PRAIRIE, MN 8,529,2648.5m $209.3m $209.3m 31.57% Added +2.3m +2,257,735
4 McAdam, LLC 11.11% of their portfolio Philadelphia, PA 8,268,1738.3m $202.9m $202.9m 11.11% Added +182.6k +182,584
5 AMERIPRISE FINANCIAL INC 0.05% of their portfolio MINNEAPOLIS, MN 8,113,8728.1m $199.2m $199.2m 0.05% Added +349.7k +349,667
6 SIGNATURE ESTATE & INVESTMENT ADVISORS LLC 4.42% of their portfolio LOS ANGELES, CA 7,821,7217.8m $191.9m $191.9m 4.42% Added +404.5k +404,499
7 ENVESTNET ASSET MANAGEMENT INC 0.05% of their portfolio Berwyn, PA 6,394,0556.4m $156.9m $156.9m 0.05% Added +2.6m +2,585,828
8 Steele Capital Management, Inc. 7.14% of their portfolio DUBUQUE, IA 6,060,1726.1m $148.7m $148.7m 7.14% Added +5.5k +5,466
9 Northwest Bancshares, Inc. 24.99% of their portfolio WARREN, PA 5,841,4165.8m $143.3m $143.3m 24.99% Reduced -999 -999
10 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 4,723,3174.7m $115.9m $115.9m 0.01% Added +168.3k +168,262
11 Glassman Wealth Services 17.37% of their portfolio VIENNA, VA 4,621,2214.6m $113.4m $113.4m 17.37% Added +74.5k +74,518
12 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 3,548,0693.5m $87.1m $87.1m 0.03% Added +969.9k +969,875
13 BlueStem Wealth Partners, LLC 10.53% of their portfolio MINNETONKA, MN 3,490,9783.5m $85.7m $85.7m 10.53% Added +1.9m +1,908,596
14 Cetera Investment Advisers 0.14% of their portfolio SCHAUMBURG, IL 3,435,3323.4m $84.3m $84.3m 0.14% Added +601.0k +600,991
15 AlphaCore Capital LLC 3.19% of their portfolio LA JOLLA, CA 3,396,5693.4m $83.4m $83.4m 3.19% Added +3.4m +3,382,953
16 QUADRANT CAPITAL GROUP LLC 2.78% of their portfolio CINCINNATI, OH 3,146,2373.1m $77.2m $77.2m 2.78% Reduced -1.2m -1,240,237
17 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 2,954,3623.0m $72.5m $72.5m 0.01% Reduced -60.7k -60,701
18 Clark Capital Management Group, Inc. 0.50% of their portfolio PHILADELPHIA, PA 2,953,1783.0m $72.5m $72.5m 0.50% Added +1.7m +1,653,823
19 Charles Schwab Trust Co 5.28% of their portfolio HENDERSON, NV 2,866,5932.9m $70.3m $70.3m 5.28% Added +90.6k +90,598
20 Gemmer Asset Management LLC 5.70% of their portfolio WALNUT CREEK, CA 2,619,0062.6m $64.3m $64.3m 5.70% Added +72.7k +72,672
21 UBS Group AG 0.01% of their portfolio ZURICH, V8 2,592,6132.6m $63.6m $63.6m 0.01% Added +186.9k +186,876
22 Lee Financial Co 8.48% of their portfolio Dallas, TX 2,409,5242.4m $59.1m $59.1m 8.48% Reduced -82.4k -82,409
23 Kelman-Lazarov, Inc. 9.28% of their portfolio MEMPHIS, TN 2,334,2012.3m $57.3m $57.3m 9.28% Added +53.9k +53,911
24 RESTON WEALTH MANAGEMENT LLC 19.69% of their portfolio Reston, VA 2,289,6842.3m $56.2m $56.2m 19.69% Added +113.3k +113,253
25 Bell Investment Advisors, Inc 8.99% of their portfolio ORINDA, CA 2,130,5992.1m $52.3m $52.3m 8.99% Reduced -10.5k -10,467
26 Private Advisor Group, LLC 0.27% of their portfolio MORRISTOWN, NJ 2,052,0342.1m $50.4m $50.4m 0.27% Reduced -23.3k -23,294
27 COMMONWEALTH EQUITY SERVICES, LLC 0.07% of their portfolio WALTHAM, MA 2,049,1482.0m $50.3m $50.3m 0.07% Added +162.3k +162,310
28 Ashford Advisors, LLC 11.27% of their portfolio PITTSFORD, NY 1,981,7722.0m $48.6m $48.6m 11.27% Reduced -24.3k -24,267
29 OSAIC HOLDINGS, INC. 0.08% of their portfolio SCOTTSDALE, AZ 1,867,5181.9m $45.8m $45.8m 0.08% Reduced -481.4k -481,434
30 Koesten, Hirschmann & Crabtree, INC. 23.50% of their portfolio OVERLAND PARK, KS 1,850,9581.9m $45.4m $45.4m 23.50% Added +46.6k +46,619
31 Cambridge Investment Research Advisors, Inc. 0.13% of their portfolio FAIRFIELD, IA 1,696,8231.7m $41.6m $41.6m 0.13% Reduced -19.0k -19,007
32 HighTower Advisors, LLC 0.05% of their portfolio CHICAGO, IL 1,690,9041.7m $41.5m $41.5m 0.05% Added +104.0k +104,047
33 Prairiewood Capital, LLC 14.35% of their portfolio FARGO, ND 1,575,6971.6m $38.7m $38.7m 14.35% Added +134.4k +134,440
34 Cornerstone Planning Group LLC 7.79% of their portfolio FAIRFIELD, NJ 1,550,2831.6m $38.2m $38.2m 7.79% Added +116.4k +116,372
35 KAVAR CAPITAL PARTNERS GROUP, LLC 5.18% of their portfolio LEAWOOD, KS 1,469,0021.5m $36.0m $36.0m 5.18% Added +18.8k +18,780
36 Leonard Rickey Investment Advisors P.L.L.C. 7.11% of their portfolio YAKIMA, WA 1,450,1781.5m $35.6m $35.6m 7.11% Added +23.2k +23,236
37 Focus Partners Wealth 0.08% of their portfolio ST LOUIS, MO 1,419,6981.4m $34.8m $34.8m 0.08% Reduced -8.0k -8,041
38 Creative Planning 0.03% of their portfolio OVERLAND PARK, KS 1,353,6831.4m $33.2m $33.2m 0.03% Reduced -64.7k -64,670
39 Resonant Capital Advisors, LLC 2.07% of their portfolio Madison, WI 1,321,7911.3m $32.4m $32.4m 2.07% Added +61.1k +61,094
40 Belpointe Asset Management LLC 1.27% of their portfolio RENO, NV 1,241,4571.2m $30.5m $30.5m 1.27% Reduced -27.4k -27,350
41 Fortis Capital Advisors, LLC 5.45% of their portfolio PRAIRIE VILLAGE, KS 1,241,4571.2m $30.5m $30.5m 5.45% Reduced -27.4k -27,350
42 Tanglewood Wealth Management, Inc. 2.97% of their portfolio HOUSTON, TX 1,226,1541.2m $30.1m $30.1m 2.97% Reduced -7.6k -7,581
43 PTM WEALTH MANAGEMENT, LLC 20.09% of their portfolio NORTH WALES, PA 1,213,5621.2m $30.4m $30.4m 20.09% Added +52.3k +52,274
44 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1,187,6361.2m $29.1m $29.1m 0.00% Added +509.4k +509,361
45 Mariner, LLC 0.04% of their portfolio Overland Park, KS 1,107,3901.1m $27.2m $27.2m 0.04% Added +59.4k +59,372
46 Planned Solutions, Inc. 10.01% of their portfolio FOLSOM, CA 1,061,9481.1m $26.1m $26.1m 10.01% Reduced -5.0k -5,035
47 OXFORD FINANCIAL GROUP, LTD. LLC 1.54% of their portfolio INDIANAPOLIS, IN 1,059,4901.1m $26.0m $26.0m 1.54% Reduced -43.2k -43,164
48 Haverford Trust Co 0.23% of their portfolio Radnor, PA 982,252982.3k $24.1m $24.1m 0.23% Reduced -2.7k -2,708
49 GREAT VALLEY ADVISOR GROUP, INC. 0.53% of their portfolio WILMINGTON, DE 967,375967.4k $23.7m $23.7m 0.53% Added +256.9k +256,858
50 Solitude Financial Services 8.52% of their portfolio CHARLOTTESVILLE, VA 958,783958.8k $23.5m $23.5m 8.52% Added +48.2k +48,223
51 ALLEN WEALTH MANAGEMENT, LLC 16.40% of their portfolio Boone, NC 955,540955.5k $23.4m $23.4m 16.40% Reduced -7.8k -7,841
52 BARTLETT & CO. WEALTH MANAGEMENT LLC 0.32% of their portfolio CINCINNATI, OH 941,707941.7k $23.1m $23.1m 0.32% Reduced -17.3k -17,339
53 Corient Private Wealth LP 0.03% of their portfolio MIAMI, FL 909,850909.9k $22.3m $22.3m 0.03% Reduced -30.4k -30,423
54 MOLLER WEALTH PARTNERS 4.74% of their portfolio NORTHFIELD, IL 873,902873.9k $21.4m $21.4m 4.74% Added +62.6k +62,562
55 Financial Strategies Group, Inc. 4.46% of their portfolio OKEMOS, MI 858,364858.4k $21.4m $21.4m 4.46% Added +31.0k +30,977
56 CPC Advisors, LLC 2.55% of their portfolio Atlanta, GA 826,453826.5k $20.3m $20.3m 2.55% Reduced -33.0k -33,031
57 Certified Advisory Corp 2.02% of their portfolio ALTAMONTE SPRINGS, FL 793,306793.3k $19.5m $19.5m 2.02% Added +47.5k +47,527
58 Washington Trust Advisors, Inc. 1.55% of their portfolio WELLESLEY, MA 779,628779.6k $19.1m $19.1m 1.55% Reduced -3.3k -3,279
59 Firestone Capital Management 4.41% of their portfolio SOUTH MIAMI, FL 763,834763.8k $18.7m $18.7m 4.41% Reduced -4.3k -4,291
60 TruNorth Capital Management, LLC 4.16% of their portfolio KALAMAZOO, MI 762,115762.1k $18.7m $18.7m 4.16% Added +43.1k +43,138
61 Your Advocates Ltd., LLP 6.70% of their portfolio HOUSTON, TX 759,395759.4k $18.6m $18.6m 6.70% Added +10.0k +9,970
62 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 751,724751.7k $18.4m $18.4m 0.01% Reduced -16.5k -16,470
63 ELEVATION WEALTH PARTNERS, LLC 7.09% of their portfolio WALNUT CREEK, CA 731,430731.4k $17.9m $17.9m 7.09% Added +3.2k +3,193
64 PRINCIPAL SECURITIES, INC. 0.32% of their portfolio DES MOINES, IA 691,363691.4k $17.0m $17.0m 0.32% Added +400.6k +400,639
65 Pasadena Private Wealth, LLC 2.81% of their portfolio PASADENA, CA 669,199669.2k $16.4m $16.4m 2.81% Added +65.0k +65,002
66 CAHILL FINANCIAL ADVISORS INC 2.01% of their portfolio EDINA, MN 658,466658.5k $16.2m $16.2m 2.01% Reduced -599 -599
67 CABOT WEALTH MANAGEMENT INC 1.92% of their portfolio BEVERLY, MA 656,846656.8k $16.1m $16.1m 1.92% Added +8.6k +8,616
68 Burt Wealth Advisors 3.68% of their portfolio North Bethesda, MD 655,010655.0k $16.1m $16.1m 3.68% Added +15.1k +15,120
69 Strata Wealth Advisors, LLC 4.39% of their portfolio DALLAS, TX 649,671649.7k $15.9m $15.9m 4.39% Added +54.0k +53,969
70 U.S. Capital Wealth Advisors, LLC 0.46% of their portfolio AUSTIN, TX 638,802638.8k $15.7m $15.7m 0.46% Added +144.9k +144,855
71 Sellwood Investment Partners LLC 7.23% of their portfolio PORTLAND, OR 616,553616.6k $15.1m $15.1m 7.23% Reduced -12.7k -12,695
72 Envision Financial LLC 9.73% of their portfolio BROOKFIELD, WI 594,851594.9k $14.6m $14.6m 9.73% Added +4.4k +4,372
73 Urban Financial Advisory Corp 7.31% of their portfolio CHICAGO, IL 592,575592.6k $14.5m $14.5m 7.31% Added +82.0k +81,969
74 White Pine Investment CO 3.60% of their portfolio LIVONIA, MI 587,595587.6k $14.4m $14.4m 3.60% Reduced -5.5k -5,481
75 Eagle Strategies LLC 2.19% of their portfolio NEW YORK, NY 584,927584.9k $14.4m $14.4m 2.19% Added +43.8k +43,809
76 EP Wealth Advisors, LLC 0.09% of their portfolio TORRANCE, CA 574,387574.4k $14.1m $14.1m 0.09% Added +499.3k +499,259
77 Tradition Wealth Management, LLC 1.11% of their portfolio EDINA, MN 564,097564.1k $13.8m $13.8m 1.11% Added +2.9k +2,856
78 Cerity Partners LLC 0.02% of their portfolio NEW YORK, NY 558,014558.0k $13.7m $13.7m 0.02% Reduced -33.4k -33,442
79 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 550,528550.5k $13.5m $13.5m 0.00% Added +8.2k +8,192
80 OneDigital Investment Advisors LLC 0.15% of their portfolio OVERLAND PARK, KS 544,849544.8k $13.4m $13.4m 0.15% Reduced -2.3k -2,325
81 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.02% of their portfolio PLYMOUTH, MN 501,777501.8k $12.6m $12.6m 0.02% Added +2.1k +2,064
82 Wealth Forward, LLC 8.09% of their portfolio FARGO, ND 490,770490.8k $12.0m $12.0m 8.09% Reduced -4.7k -4,720
83 Northland Capital Management LLC 7.35% of their portfolio VIRGINIA, MN 486,793486.8k $11.9m $11.9m 7.35% Added +37.4k +37,443
84 Opes Wealth Management LLC 2.09% of their portfolio MENLO PARK, CA 480,087480.1k $11.8m $11.8m 2.09% Reduced -389 -389
85 American Trust 1.11% of their portfolio LEXINGTON, KY 479,917479.9k $11.8m $11.8m 1.11% New
86 Asset Allocation Strategies LLC 2.59% of their portfolio FARMINGTON, MI 476,707476.7k $11.7m $11.7m 2.59% Added +51.5k +51,504
87 CW Advisors, LLC 0.11% of their portfolio BOSTON, MA 470,486470.5k $11.5m $11.5m 0.11% Reduced -10.7k -10,700
88 ACCESS FINANCIAL SERVICES, INC. 4.34% of their portfolio MINNEAPOLIS, MN 467,924467.9k $11.5m $11.5m 4.34% Reduced -11.6k -11,634
89 Gotham Asset Management, LLC 0.07% of their portfolio NEW YORK, NY 455,788455.8k $11.2m $11.2m 0.07% Added +105.1k +105,104
90 Ironwood Investment Counsel, LLC 1.72% of their portfolio SCOTTSDALE, AZ 453,479453.5k $11.1m $11.1m 1.72% Added +76.6k +76,613
91 Arete Wealth Advisors, LLC 0.78% of their portfolio CHICAGO, IL 446,865446.9k $11.0m $11.0m 0.78% Reduced -25.9k -25,900
92 Sterling Financial Planning, Inc. 3.56% of their portfolio SPARTA, NJ 434,117434.1k $10.7m $10.7m 3.56% Added +25.8k +25,810
93 Cedar Point Capital Partners, LLC 7.23% of their portfolio Cedar Rapids, IA 417,958418.0k $10.3m $10.3m 7.23% Reduced -22.9k -22,883
94 COBBLESTONE CAPITAL ADVISORS LLC /NY/ 0.52% of their portfolio ROCHESTER, NY 417,042417.0k $10.2m $10.2m 0.52% Reduced -12.2k -12,230
95 Nicholson Meyer Capital Management, Inc. 8.64% of their portfolio Kansas City, MO 415,763415.8k $10.2m $10.2m 8.64% Added +17.9k +17,885
96 FMR LLC 0.00% of their portfolio BOSTON, MA 414,454414.5k $10.2m $10.2m 0.00% Added +52.2k +52,249
97 Pallas Capital Advisors LLC 0.38% of their portfolio BRAINTREE, MA 409,622409.6k $10.1m $10.1m 0.38% Added +2 +2
98 Alhambra Investment Management LLC 4.96% of their portfolio PALMETTO BAY, FL 407,740407.7k $10.0m $10.0m 4.96% Added +15.9k +15,921
99 PEAPACK GLADSTONE FINANCIAL CORP 0.14% of their portfolio BEDMINSTER, NJ 407,571407.6k $10.0m $10.0m 0.14% Added +118.9k +118,898
100 Nicholas Hoffman & Company, LLC. 0.26% of their portfolio ATLANTA, GA 403,514403.5k $9.9m $9.9m 0.26% Added +8.0k +8,049