Vault-13

SCHWAB STRATEGIC TR FNDX

FUNDAMENTAL US L · ETP · CUSIP 808524771

698 institutional holders +32 vs Q2 2025
625,968,558626.0m shares reported held*
$16.5bnreported value*
70 new 261 added 225 reduced 32 sold out net bought ≈ $252.6m (+9.7m 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 ($5.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $26.29.

Trends to Q3 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: 666Q3 25: 698698Q3 22Q2 23Q1 24Q4 24Q3 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
Q3 2025698

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q4 23: 260 bought or addedQ4 23: 155 cut or sold outQ1 24: 288 bought or addedQ1 24: 173 cut or sold outQ1 24Q2 24: 278 bought or addedQ2 24: 184 cut or sold outQ3 24: 324 bought or addedQ3 24: 169 cut or sold outQ3 24Q4 24: 316 bought or addedQ4 24: 194 cut or sold outQ1 25: 352 bought or addedQ1 25: 209 cut or sold outQ1 25Q2 25: 343 bought or addedQ2 25: 233 cut or sold outQ3 25: 331 bought or addedQ3 25: 257 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 2023260155
Q1 2024288173
Q2 2024278184
Q3 2024324169
Q4 2024316194
Q1 2025352209
Q2 2025343233
Q3 2025331257

Calls vs puts

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

CallsPuts
$0$1k$2k$3kQ4 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 —Q3 25 calls: $0Q3 25 puts: $0Q3 25P/C —
Numbers
QuarterCallsPutsP/C
Q4 2024$0$0—
Q1 2025$0$2.8k—
Q2 2025$0$0—
Q3 2025$0$0—

Biggest buyers

CHARLES SCHWAB INVESTMENT MANAGEMENT INC Added +6,955,527+7.0m
LPL Financial LLC Added +1,005,035+1.0m
Richardson Capital Management LLC Added +871,891+871.9k
CAPTRUST FINANCIAL ADVISORS Added +718,789+718.8k
McAdam, LLC Added +482,945+482.9k
DAVENPORT & Co LLC Added +453,764+453.8k
Eagle Strategies LLC Added +440,395+440.4k
OSAIC HOLDINGS, INC. Added +413,015+413.0k
Archford Capital Strategies, LLC Added +294,430+294.4k
Boulay Financial Advisors, LLC Added +243,340+243.3k

Biggest sellers

BlueStem Wealth Partners, LLC Reduced -1,593,590-1.6m
Cornerstone Planning Group LLC Reduced -1,550,097-1.6m
AMERIPRISE FINANCIAL INC Reduced -803,830-803.8k
BNP PARIBAS FINANCIAL MARKETS Reduced -299,993-300.0k
ENVESTNET ASSET MANAGEMENT INC Reduced -227,572-227.6k
ROYAL BANK OF CANADA Reduced -183,031-183.0k
Clark Capital Management Group, Inc. Reduced -172,102-172.1k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -150,679-150.7k
True North Advisors, LLC Sold out -142,741-142.7k
Pasadena Private Wealth, LLC Reduced -131,843-131.8k

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 1.72% of their portfolio SAN FRANCISCO, CA 409,201,342409.2m $10.8bn $10.8bn 1.72% Added +7.0m +6,955,527
2 CAPTRUST FINANCIAL ADVISORS 0.91% of their portfolio RALEIGH, NC 17,023,08417.0m $447.7m $447.7m 0.91% Added +718.8k +718,789
3 Boulay Financial Advisors, LLC 32.39% of their portfolio EDEN PRAIRIE, MN 8,772,6048.8m $230.7m $230.7m 32.39% Added +243.3k +243,340
4 McAdam, LLC 11.34% of their portfolio Philadelphia, PA 8,751,1188.8m $230.2m $230.2m 11.34% Added +482.9k +482,945
5 SIGNATURE ESTATE & INVESTMENT ADVISORS LLC 4.42% of their portfolio LOS ANGELES, CA 7,877,1507.9m $207.2m $207.2m 4.42% Added +55.4k +55,429
6 AMERIPRISE FINANCIAL INC 0.04% of their portfolio MINNEAPOLIS, MN 7,310,0427.3m $192.1m $192.1m 0.04% Reduced -803.8k -803,830
7 ENVESTNET ASSET MANAGEMENT INC 0.05% of their portfolio Berwyn, PA 6,166,4836.2m $162.2m $162.2m 0.05% Reduced -227.6k -227,572
8 Steele Capital Management, Inc. 7.06% of their portfolio DUBUQUE, IA 6,050,3966.1m $159.1m $159.1m 7.06% Reduced -9.8k -9,776
9 Northwest Bancshares, Inc. 25.48% of their portfolio WARREN, PA 5,833,6225.8m $153.4m $153.4m 25.48% Reduced -7.8k -7,794
10 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 4,900,7894.9m $128.9m $128.9m 0.01% Added +177.5k +177,472
11 Glassman Wealth Services 17.25% of their portfolio VIENNA, VA 4,666,4324.7m $122.7m $122.7m 17.25% Added +45.2k +45,211
12 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 4,553,1044.6m $119.7m $119.7m 0.03% Added +1.0m +1,005,035
13 AlphaCore Capital LLC 3.20% of their portfolio LA JOLLA, CA 3,596,6913.6m $94.6m $94.6m 3.20% Added +200.1k +200,122
14 Cetera Investment Advisers 0.11% of their portfolio SCHAUMBURG, IL 3,535,0453.5m $93.0m $93.0m 0.11% Added +99.7k +99,713
15 QUADRANT CAPITAL GROUP LLC 2.69% of their portfolio CINCINNATI, OH 3,142,6223.1m $82.7m $82.7m 2.69% Reduced -3.6k -3,615
16 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 3,088,3753.1m $81.2m $81.2m 0.01% Added +134.0k +134,013
17 Charles Schwab Trust Co 5.45% of their portfolio HENDERSON, NV 3,052,0583.1m $80.3m $80.3m 5.45% Added +185.5k +185,465
18 Clark Capital Management Group, Inc. 0.46% of their portfolio PHILADELPHIA, PA 2,781,0762.8m $73.1m $73.1m 0.46% Reduced -172.1k -172,102
19 Gemmer Asset Management LLC 5.65% of their portfolio WALNUT CREEK, CA 2,658,5672.7m $69.9m $69.9m 5.65% Added +39.6k +39,561
20 UBS Group AG 0.01% of their portfolio ZURICH, V8 2,542,0742.5m $66.9m $66.9m 0.01% Reduced -50.5k -50,539
21 Lee Financial Co 7.84% of their portfolio Dallas, TX 2,378,4882.4m $62.6m $62.6m 7.84% Reduced -31.0k -31,036
22 RESTON WEALTH MANAGEMENT LLC 19.92% of their portfolio Reston, VA 2,346,3022.3m $61.7m $61.7m 19.92% Added +56.6k +56,618
23 Kelman-Lazarov, Inc. 9.15% of their portfolio MEMPHIS, TN 2,345,7202.3m $61.7m $61.7m 9.15% Added +11.5k +11,519
24 OSAIC HOLDINGS, INC. 0.08% of their portfolio SCOTTSDALE, AZ 2,280,5332.3m $59.8m $59.8m 0.08% Added +413.0k +413,015
25 Bell Investment Advisors, Inc 8.87% of their portfolio ORINDA, CA 2,063,0002.1m $54.3m $54.3m 8.87% Reduced -67.6k -67,599
26 Private Advisor Group, LLC 0.27% of their portfolio MORRISTOWN, NJ 2,049,6562.0m $53.9m $53.9m 0.27% Reduced -2.4k -2,378
27 COMMONWEALTH EQUITY SERVICES, LLC 0.06% of their portfolio WALTHAM, MA 1,898,4691.9m $49.9m $49.9m 0.06% Reduced -150.7k -150,679
28 BlueStem Wealth Partners, LLC 5.71% of their portfolio MINNETONKA, MN 1,897,3881.9m $49.9m $49.9m 5.71% Reduced -1.6m -1,593,590
29 Ashford Advisors, LLC 10.92% of their portfolio PITTSFORD, NY 1,876,1801.9m $49.3m $49.3m 10.92% Reduced -105.6k -105,592
30 Koesten, Hirschmann & Crabtree, INC. 23.12% of their portfolio OVERLAND PARK, KS 1,841,7731.8m $48.4m $48.4m 23.12% Reduced -9.2k -9,185
31 HighTower Advisors, LLC 0.05% of their portfolio CHICAGO, IL 1,837,9041.8m $48.3m $48.3m 0.05% Added +147.0k +147,000
32 Cambridge Investment Research Advisors, Inc. 0.13% of their portfolio FAIRFIELD, IA 1,760,6711.8m $46.3m $46.3m 0.13% Added +63.8k +63,848
33 Prairiewood Capital, LLC 15.06% of their portfolio FARGO, ND 1,726,9121.7m $45.4m $45.4m 15.06% Added +151.2k +151,215
34 KAVAR CAPITAL PARTNERS GROUP, LLC 5.37% of their portfolio LEAWOOD, KS 1,532,6261.5m $40.3m $40.3m 5.37% Added +63.6k +63,624
35 Leonard Rickey Investment Advisors P.L.L.C. 7.15% of their portfolio YAKIMA, WA 1,444,7541.4m $38.0m $38.0m 7.15% Reduced -5.4k -5,424
36 Focus Partners Wealth 0.06% of their portfolio ST LOUIS, MO 1,420,5191.4m $37.4m $37.4m 0.06% Added +821 +821
37 Creative Planning 0.03% of their portfolio OVERLAND PARK, KS 1,373,6791.4m $36.1m $36.1m 0.03% Added +20.0k +19,996
38 Resonant Capital Advisors, LLC 2.06% of their portfolio Madison, WI 1,342,9811.3m $35.3m $35.3m 2.06% Added +21.2k +21,190
39 Belpointe Asset Management LLC 1.31% of their portfolio RENO, NV 1,304,1321.3m $34.3m $34.3m 1.31% Added +62.7k +62,675
40 Fortis Capital Advisors, LLC 5.43% of their portfolio PRAIRIE VILLAGE, KS 1,304,1321.3m $34.3m $34.3m 5.43% Added +62.7k +62,675
41 PTM WEALTH MANAGEMENT, LLC 19.97% of their portfolio NORTH WALES, PA 1,261,6491.3m $33.5m $33.5m 19.97% Added +48.1k +48,087
42 Tanglewood Wealth Management, Inc. 2.99% of their portfolio HOUSTON, TX 1,223,4751.2m $32.2m $32.2m 2.99% Reduced -2.7k -2,679
43 Mariner, LLC 0.04% of their portfolio Overland Park, KS 1,144,3961.1m $30.1m $30.1m 0.04% Added +37.0k +37,006
44 Planned Solutions, Inc. 9.71% of their portfolio FOLSOM, CA 1,063,8851.1m $28.0m $28.0m 9.71% Added +1.9k +1,937
45 Eagle Strategies LLC 3.61% of their portfolio NEW YORK, NY 1,025,3221.0m $27.0m $27.0m 3.61% Added +440.4k +440,395
46 GREAT VALLEY ADVISOR GROUP, INC. 0.53% of their portfolio WILMINGTON, DE 1,008,1261.0m $26.5m $26.5m 0.53% Added +40.8k +40,751
47 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1,004,6051.0m $26.4m $26.4m 0.00% Reduced -183.0k -183,031
48 Berman McAleer LLC 3.62% of their portfolio TIMONIUM, MD 985,332985.3k $25.9m $25.9m 3.62% First filing
49 OXFORD FINANCIAL GROUP, LTD. LLC 1.46% of their portfolio INDIANAPOLIS, IN 982,083982.1k $25.8m $25.8m 1.46% Reduced -77.4k -77,407
50 ALLEN WEALTH MANAGEMENT, LLC 17.30% of their portfolio Boone, NC 970,575970.6k $25.5m $25.5m 17.30% Added +15.0k +15,035
51 BARTLETT & CO. WEALTH MANAGEMENT LLC 0.33% of their portfolio CINCINNATI, OH 951,550951.5k $25.0m $25.0m 0.33% Added +9.8k +9,843
52 Solitude Financial Services 8.45% of their portfolio CHARLOTTESVILLE, VA 939,079939.1k $24.7m $24.7m 8.45% Reduced -19.7k -19,704
53 MOLLER WEALTH PARTNERS 5.15% of their portfolio NORTHFIELD, IL 938,733938.7k $24.7m $24.7m 5.15% Added +64.8k +64,831
54 Corient Private Wealth LP 0.04% of their portfolio MIAMI, FL 901,980902.0k $23.7m $23.7m 0.04% Reduced -7.9k -7,870
55 Financial Strategies Group, Inc. 4.44% of their portfolio OKEMOS, MI 877,652877.7k $23.3m $23.3m 4.44% Added +19.3k +19,288
56 Haverford Trust Co 0.21% of their portfolio Radnor, PA 872,707872.7k $23.0m $23.0m 0.21% Reduced -109.5k -109,545
57 Richardson Capital Management LLC 10.90% of their portfolio MENOMONEE FALLS, WI 872,104872.1k $22.9m $22.9m 10.90% Added +871.9k +871,891
58 CPC Advisors, LLC 2.34% of their portfolio Atlanta, GA 844,738844.7k $22.2m $22.2m 2.34% Added +18.3k +18,285
59 DAVENPORT & Co LLC 0.12% of their portfolio RICHMOND, VA 826,791826.8k $21.7m $21.7m 0.12% Added +453.8k +453,764
60 Certified Advisory Corp 2.02% of their portfolio ALTAMONTE SPRINGS, FL 808,267808.3k $21.3m $21.3m 2.02% Added +15.0k +14,961
61 TruNorth Capital Management, LLC 4.17% of their portfolio KALAMAZOO, MI 801,232801.2k $21.1m $21.1m 4.17% Added +39.1k +39,117
62 Firestone Capital Management 4.35% of their portfolio SOUTH MIAMI, FL 765,708765.7k $20.1m $20.1m 4.35% Added +1.9k +1,874
63 Your Advocates Ltd., LLP 6.70% of their portfolio HOUSTON, TX 759,857759.9k $20.0m $20.0m 6.70% Added +462 +462
64 Washington Trust Advisors, Inc. 1.52% of their portfolio WELLESLEY, MA 757,846757.8k $19.9m $19.9m 1.52% Reduced -21.8k -21,782
65 ELEVATION WEALTH PARTNERS, LLC 7.05% of their portfolio WALNUT CREEK, CA 744,484744.5k $19.6m $19.6m 7.05% Added +13.1k +13,054
66 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 728,379728.4k $19.2m $19.2m 0.01% Reduced -23.3k -23,345
67 Urban Financial Advisory Corp 8.61% of their portfolio CHICAGO, IL 702,603702.6k $18.5m $18.5m 8.61% Added +110.0k +110,028
68 PRINCIPAL SECURITIES, INC. 0.30% of their portfolio DES MOINES, IA 681,154681.2k $17.9m $17.9m 0.30% Reduced -10.2k -10,209
69 CABOT WEALTH MANAGEMENT INC 1.93% of their portfolio BEVERLY, MA 662,637662.6k $17.4m $17.4m 1.93% Added +5.8k +5,791
70 Burt Wealth Advisors 4.21% of their portfolio North Bethesda, MD 651,562651.6k $17.1m $17.1m 4.21% Reduced -3.4k -3,448
71 CAHILL FINANCIAL ADVISORS INC 1.93% of their portfolio EDINA, MN 644,408644.4k $16.9m $16.9m 1.93% Reduced -14.1k -14,058
72 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.03% of their portfolio PLYMOUTH, MN 634,841634.8k $16.8m $16.8m 0.03% Added +133.1k +133,064
73 U.S. Capital Wealth Advisors, LLC 0.44% of their portfolio AUSTIN, TX 624,285624.3k $16.4m $16.4m 0.44% Reduced -14.5k -14,517
74 Envision Financial LLC 9.20% of their portfolio BROOKFIELD, WI 610,560610.6k $16.1m $16.1m 9.20% Added +15.7k +15,709
75 Sellwood Investment Partners LLC 6.25% of their portfolio PORTLAND, OR 597,165597.2k $15.7m $15.7m 6.25% Reduced -19.4k -19,388
76 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 594,354594.4k $15.6m $15.6m 0.01% Added +43.8k +43,826
77 White Pine Investment CO 3.67% of their portfolio LIVONIA, MI 588,977589.0k $15.5m $15.5m 3.67% Added +1.4k +1,382
78 Strata Wealth Advisors, LLC 3.95% of their portfolio DALLAS, TX 568,853568.9k $15.0m $15.0m 3.95% Reduced -80.8k -80,818
79 Tradition Wealth Management, LLC 1.10% of their portfolio EDINA, MN 565,223565.2k $14.9m $14.9m 1.10% Added +1.1k +1,126
80 Northland Capital Management LLC 8.56% of their portfolio VIRGINIA, MN 556,706556.7k $14.6m $14.6m 8.56% Added +69.9k +69,913
81 Wealth Forward, LLC 8.34% of their portfolio FARGO, ND 546,309546.3k $14.4m $14.4m 8.34% Added +55.5k +55,539
82 Archford Capital Strategies, LLC 1.70% of their portfolio SWANSEA, IL 541,457541.5k $14.2m $14.2m 1.70% Added +294.4k +294,430
83 Cerity Partners LLC 0.02% of their portfolio NEW YORK, NY 539,517539.5k $14.2m $14.2m 0.02% Reduced -18.5k -18,497
84 Pasadena Private Wealth, LLC 2.04% of their portfolio PASADENA, CA 537,356537.4k $14.1m $14.1m 2.04% Reduced -131.8k -131,843
85 OneDigital Investment Advisors LLC 0.14% of their portfolio OVERLAND PARK, KS 532,087532.1k $14.0m $14.0m 0.14% Reduced -12.8k -12,762
86 Asset Allocation Strategies LLC 2.73% of their portfolio FARMINGTON, MI 524,916524.9k $13.8m $13.8m 2.73% Added +48.2k +48,209
87 Opes Wealth Management LLC 2.22% of their portfolio MENLO PARK, CA 479,294479.3k $12.6m $12.6m 2.22% Reduced -793 -793
88 Ironwood Investment Counsel, LLC 1.83% of their portfolio SCOTTSDALE, AZ 476,933476.9k $12.5m $12.5m 1.83% Added +23.5k +23,454
89 Gotham Asset Management, LLC 0.05% of their portfolio NEW YORK, NY 464,107464.1k $12.2m $12.2m 0.05% Added +8.3k +8,319
90 MAI Capital Management 0.08% of their portfolio INDEPENDENCE, OH 458,078458.1k $12.0m $12.0m 0.08% Added +72.0k +72,007
91 ACCESS FINANCIAL SERVICES, INC. 4.30% of their portfolio MINNEAPOLIS, MN 451,869451.9k $11.9m $11.9m 4.30% Reduced -16.1k -16,055
92 PEAPACK GLADSTONE FINANCIAL CORP 0.15% of their portfolio BEDMINSTER, NJ 431,967432.0k $11.4m $11.4m 0.15% Added +24.4k +24,396
93 FMR LLC 0.00% of their portfolio BOSTON, MA 425,551425.6k $11.2m $11.2m 0.00% Added +11.1k +11,097
94 Sterling Financial Planning, Inc. 3.52% of their portfolio SPARTA, NJ 423,993424.0k $11.2m $11.2m 3.52% Reduced -10.1k -10,124
95 Cedar Point Capital Partners, LLC 7.31% of their portfolio Cedar Rapids, IA 423,791423.8k $11.1m $11.1m 7.31% Added +5.8k +5,833
96 Arete Wealth Advisors, LLC 0.69% of their portfolio CHICAGO, IL 417,670417.7k $11.0m $11.0m 0.69% Reduced -29.2k -29,195
97 Nicholson Meyer Capital Management, Inc. 8.36% of their portfolio Kansas City, MO 413,555413.6k $10.9m $10.9m 8.36% Reduced -2.2k -2,208
98 Nicholas Hoffman & Company, LLC. 0.26% of their portfolio ATLANTA, GA 413,394413.4k $10.9m $10.9m 0.26% Added +9.9k +9,880
99 COBBLESTONE CAPITAL ADVISORS LLC /NY/ 0.52% of their portfolio ROCHESTER, NY 410,994411.0k $10.8m $10.8m 0.52% Reduced -6.0k -6,048
100 Pallas Capital Advisors LLC 0.40% of their portfolio BRAINTREE, MA 409,430409.4k $10.8m $10.8m 0.40% Reduced -192 -192