Vault-13

SCHWAB STRATEGIC TR FNDX

FUNDAMENTAL US L · ETP · CUSIP 808524771

751 institutional holders +53 vs Q3 2025
671,102,050671.1m shares reported held*
$17.9bnreported value*
61 new 314 added 177 reduced 43 sold out net bought ≈ $791.4m (+41.6m 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 ($3.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $26.70.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

05001kQ3 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: 698Q4 25: 751751Q3 22Q2 23Q1 24Q4 24Q4 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
Q4 2025751

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: 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 25Q3 25: 331 bought or addedQ3 25: 257 cut or sold outQ4 25: 375 bought or addedQ4 25: 220 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024288173
Q2 2024278184
Q3 2024324169
Q4 2024316194
Q1 2025352209
Q2 2025343233
Q3 2025331257
Q4 2025375220

Calls vs puts

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

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

Biggest buyers

TradeWell Securities, LLC. New +12,721,524+12.7m
KEYBANK NATIONAL ASSOCIATION/OH Added +8,266,612+8.3m
CAPTRUST FINANCIAL ADVISORS Added +4,370,263+4.4m
CHARLES SCHWAB INVESTMENT MANAGEMENT INC Added +4,241,879+4.2m
Bank of New York Mellon Corp Added +2,448,747+2.4m
Cornerstone Planning Group LLC Added +1,562,340+1.6m
AMERIPRISE FINANCIAL INC Added +1,177,857+1.2m
Corient Private Wealth LP Added +1,065,357+1.1m
Creative Planning Added +748,062+748.1k
LPL Financial LLC Added +598,218+598.2k

Biggest sellers

Northwest Bancshares, Inc. Reduced -1,739,909-1.7m
ENVESTNET ASSET MANAGEMENT INC Reduced -1,012,283-1.0m
COMMONWEALTH EQUITY SERVICES, LLC Reduced -683,647-683.6k
Arete Wealth Advisors, LLC Reduced -339,352-339.4k
Clark Capital Management Group, Inc. Reduced -319,258-319.3k
ROYAL BANK OF CANADA Reduced -251,112-251.1k
OSAIC HOLDINGS, INC. Reduced -222,136-222.1k
UBS Group AG Reduced -200,452-200.5k
OneDigital Investment Advisors LLC Reduced -189,343-189.3k
RENAISSANCE TECHNOLOGIES LLC Sold out -138,800-138.8k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 1.75% of their portfolio SAN FRANCISCO, CA 413,443,221413.4m $11.2bn $11.2bn 1.75% Added +4.2m +4,241,879
2 CAPTRUST FINANCIAL ADVISORS 1.11% of their portfolio RALEIGH, NC 21,393,34721.4m $582.1m $582.1m 1.11% Added +4.4m +4,370,263
3 TradeWell Securities, LLC. 4.95% of their portfolio Fort Wayne, IN 12,721,52412.7m $12.7m $12.7m 4.95% New
4 McAdam, LLC 11.43% of their portfolio Philadelphia, PA 9,179,8969.2m $249.8m $249.8m 11.43% Added +428.8k +428,778
5 Boulay Financial Advisors, LLC 29.20% of their portfolio EDEN PRAIRIE, MN 9,126,2609.1m $248.3m $248.3m 29.20% Added +353.7k +353,656
6 AMERIPRISE FINANCIAL INC 0.05% of their portfolio MINNEAPOLIS, MN 8,487,8998.5m $231.0m $231.0m 0.05% Added +1.2m +1,177,857
7 KEYBANK NATIONAL ASSOCIATION/OH 0.81% of their portfolio BROOKLYN, OH 8,291,7418.3m $225.6m $225.6m 0.81% Added +8.3m +8,266,612
8 SIGNATURE ESTATE & INVESTMENT ADVISORS LLC 4.40% of their portfolio LOS ANGELES, CA 8,028,9158.0m $218.5m $218.5m 4.40% Added +151.8k +151,765
9 Steele Capital Management, Inc. 7.14% of their portfolio DUBUQUE, IA 6,112,6906.1m $166.3m $166.3m 7.14% Added +62.3k +62,294
10 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 5,222,0765.2m $142.1m $142.1m 0.01% Added +321.3k +321,287
11 ENVESTNET ASSET MANAGEMENT INC 0.04% of their portfolio Berwyn, PA 5,154,2005.2m $140.2m $140.2m 0.04% Reduced -1.0m -1,012,283
12 LPL Financial LLC 0.04% of their portfolio FORT MILL, SC 5,151,3225.2m $140.2m $140.2m 0.04% Added +598.2k +598,218
13 Glassman Wealth Services 17.14% of their portfolio VIENNA, VA 4,666,5634.7m $127.0m $127.0m 17.14% Added +131 +131
14 Northwest Bancshares, Inc. 21.53% of their portfolio WARREN, PA 4,093,7134.1m $111.4m $111.4m 21.53% Reduced -1.7m -1,739,909
15 Cetera Investment Advisers 0.11% of their portfolio SCHAUMBURG, IL 3,782,8693.8m $102.9m $102.9m 0.11% Added +247.8k +247,824
16 AlphaCore Capital LLC 2.14% of their portfolio LA JOLLA, CA 3,493,0293.5m $95.0m $95.0m 2.14% Reduced -103.7k -103,662
17 QUADRANT CAPITAL GROUP LLC 2.58% of their portfolio CINCINNATI, OH 3,142,6223.1m $85.5m $85.5m 2.58% Unchanged
18 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 3,130,8513.1m $85.2m $85.2m 0.01% Added +42.5k +42,476
19 Charles Schwab Trust Co 5.56% of their portfolio HENDERSON, NV 3,109,7683.1m $84.6m $84.6m 5.56% Added +57.7k +57,710
20 Gemmer Asset Management LLC 5.55% of their portfolio WALNUT CREEK, CA 2,649,0622.6m $72.1m $72.1m 5.55% Reduced -9.5k -9,505
21 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 2,528,6672.5m $68.8m $68.8m 0.01% Added +2.4m +2,448,747
22 Clark Capital Management Group, Inc. 0.41% of their portfolio PHILADELPHIA, PA 2,461,8182.5m $67.0m $67.0m 0.41% Reduced -319.3k -319,258
23 RESTON WEALTH MANAGEMENT LLC 19.82% of their portfolio Reston, VA 2,380,7942.4m $64.8m $64.8m 19.82% Added +34.5k +34,492
24 Kelman-Lazarov, Inc. 9.16% of their portfolio MEMPHIS, TN 2,356,4292.4m $64.1m $64.1m 9.16% Added +10.7k +10,709
25 UBS Group AG 0.01% of their portfolio ZURICH, V8 2,341,6222.3m $63.7m $63.7m 0.01% Reduced -200.5k -200,452
26 Lee Financial Co 8.53% of their portfolio Dallas, TX 2,324,1302.3m $63.2m $63.2m 8.53% Reduced -54.4k -54,358
27 Creative Planning 0.04% of their portfolio OVERLAND PARK, KS 2,121,7412.1m $57.7m $57.7m 0.04% Added +748.1k +748,062
28 OSAIC HOLDINGS, INC. 0.08% of their portfolio SCOTTSDALE, AZ 2,058,3972.1m $56.0m $56.0m 0.08% Reduced -222.1k -222,136
29 Private Advisor Group, LLC 0.26% of their portfolio MORRISTOWN, NJ 2,047,6682.0m $55.7m $55.7m 0.26% Reduced -2.0k -1,988
30 Bell Investment Advisors, Inc 8.66% of their portfolio ORINDA, CA 2,013,4832.0m $54.8m $54.8m 8.66% Reduced -49.5k -49,517
31 Corient Private Wealth LP 0.04% of their portfolio MIAMI, FL 1,967,3372.0m $53.5m $53.5m 0.04% Added +1.1m +1,065,357
32 BlueStem Wealth Partners, LLC 5.91% of their portfolio MINNETONKA, MN 1,966,1442.0m $53.5m $53.5m 5.91% Added +68.8k +68,756
33 HighTower Advisors, LLC 0.06% of their portfolio CHICAGO, IL 1,937,0601.9m $52.7m $52.7m 0.06% Added +99.2k +99,156
34 Cambridge Investment Research Advisors, Inc. 0.13% of their portfolio FAIRFIELD, IA 1,847,9461.8m $50.3m $50.3m 0.13% Added +87.3k +87,275
35 Ashford Advisors, LLC 10.93% of their portfolio PITTSFORD, NY 1,835,3931.8m $49.9m $49.9m 10.93% Reduced -40.8k -40,787
36 Prairiewood Capital, LLC 15.41% of their portfolio FARGO, ND 1,824,0611.8m $49.6m $49.6m 15.41% Added +97.1k +97,149
37 Koesten, Hirschmann & Crabtree, INC. 22.97% of their portfolio OVERLAND PARK, KS 1,715,9521.7m $46.7m $46.7m 22.97% Reduced -125.8k -125,821
38 KAVAR CAPITAL PARTNERS GROUP, LLC 5.91% of their portfolio LEAWOOD, KS 1,576,6251.6m $42.9m $42.9m 5.91% Added +44.0k +43,999
39 Cornerstone Planning Group LLC 6.89% of their portfolio FAIRFIELD, NJ 1,562,5261.6m $44.2m $44.2m 6.89% Added +1.6m +1,562,340
40 Focus Partners Wealth 0.05% of their portfolio ST LOUIS, MO 1,498,4681.5m $39.9m $39.9m 0.05% Added +77.9k +77,949
41 Leonard Rickey Investment Advisors P.L.L.C. 7.28% of their portfolio YAKIMA, WA 1,479,3541.5m $40.3m $40.3m 7.28% Added +34.6k +34,600
42 Resonant Capital Advisors, LLC 2.05% of their portfolio Madison, WI 1,367,9271.4m $37.2m $37.2m 2.05% Added +24.9k +24,946
43 Belpointe Asset Management LLC 1.32% of their portfolio RENO, NV 1,345,0951.3m $36.6m $36.6m 1.32% Added +41.0k +40,963
44 Fortis Capital Advisors, LLC 5.40% of their portfolio PRAIRIE VILLAGE, KS 1,345,0951.3m $36.6m $36.6m 5.40% Added +41.0k +40,963
45 Tanglewood Wealth Management, Inc. 3.29% of their portfolio HOUSTON, TX 1,316,8231.3m $35.8m $35.8m 3.29% Added +93.3k +93,348
46 PTM WEALTH MANAGEMENT, LLC 20.49% of their portfolio NORTH WALES, PA 1,310,1541.3m $36.3m $36.3m 20.49% Added +48.5k +48,505
47 COMMONWEALTH EQUITY SERVICES, LLC 0.04% of their portfolio WALTHAM, MA 1,214,8221.2m $33.1m $33.1m 0.04% Reduced -683.6k -683,647
48 Mariner, LLC 0.04% of their portfolio Overland Park, KS 1,206,2711.2m $32.8m $32.8m 0.04% Added +61.9k +61,875
49 GREAT VALLEY ADVISOR GROUP, INC. 0.58% of their portfolio WILMINGTON, DE 1,110,2691.1m $30.2m $30.2m 0.58% Added +102.1k +102,143
50 Planned Solutions, Inc. 9.24% of their portfolio FOLSOM, CA 1,049,8791.0m $28.6m $28.6m 9.24% Reduced -14.0k -14,006
51 Eagle Strategies LLC 3.60% of their portfolio NEW YORK, NY 1,036,2701.0m $28.2m $28.2m 3.60% Added +10.9k +10,948
52 Berman McAleer LLC 3.71% of their portfolio TIMONIUM, MD 996,745996.7k $27.1m $27.1m 3.71% Added +11.4k +11,413
53 OXFORD FINANCIAL GROUP, LTD. LLC 1.45% of their portfolio INDIANAPOLIS, IN 966,502966.5k $26.3m $26.3m 1.45% Reduced -15.6k -15,581
54 BARTLETT & CO. WEALTH MANAGEMENT LLC 0.33% of their portfolio CINCINNATI, OH 933,529933.5k $25.4m $25.4m 0.33% Reduced -18.0k -18,021
55 MOLLER WEALTH PARTNERS 5.28% of their portfolio NORTHFIELD, IL 926,581926.6k $25.2m $25.2m 5.28% Reduced -12.2k -12,152
56 ALLEN WEALTH MANAGEMENT, LLC 15.05% of their portfolio Boone, NC 918,905918.9k $25.0m $25.0m 15.05% Reduced -51.7k -51,670
57 Solitude Financial Services 8.24% of their portfolio CHARLOTTESVILLE, VA 918,407918.4k $25.0m $25.0m 8.24% Reduced -20.7k -20,672
58 DAVENPORT & Co LLC 0.14% of their portfolio RICHMOND, VA 916,929916.9k $24.9m $24.9m 0.14% Added +90.1k +90,138
59 Pasadena Private Wealth, LLC 3.41% of their portfolio PASADENA, CA 916,854916.9k $24.9m $24.9m 3.41% Added +379.5k +379,498
60 Financial Strategies Group, Inc. 4.48% of their portfolio OKEMOS, MI 887,072887.1k $24.7m $24.7m 4.48% Added +9.4k +9,420
61 Haverford Trust Co 0.21% of their portfolio Radnor, PA 874,656874.7k $23.8m $23.8m 0.21% Added +1.9k +1,949
62 Merit Financial Group, LLC 0.19% of their portfolio ALPHARETTA, GA 870,013870.0k $23.7m $23.7m 0.19% Added +522.7k +522,654
63 TruNorth Capital Management, LLC 4.49% of their portfolio KALAMAZOO, MI 869,591869.6k $23.7m $23.7m 4.49% Added +68.4k +68,359
64 CAHILL FINANCIAL ADVISORS INC 1.86% of their portfolio EDINA, MN 853,852853.9k $17.0m $17.0m 1.86% Added +209.4k +209,444
65 CPC Advisors, LLC 2.33% of their portfolio Atlanta, GA 846,936846.9k $23.0m $23.0m 2.33% Added +2.2k +2,198
66 Certified Advisory Corp 2.07% of their portfolio ALTAMONTE SPRINGS, FL 836,554836.6k $22.8m $22.8m 2.07% Added +28.3k +28,287
67 Richardson Capital Management LLC 11.09% of their portfolio MENOMONEE FALLS, WI 812,097812.1k $22.1m $22.1m 11.09% Reduced -60.0k -60,007
68 Urban Financial Advisory Corp 8.48% of their portfolio CHICAGO, IL 794,139794.1k $21.6m $21.6m 8.48% Added +91.5k +91,536
69 Wealthspire Retirement, LLC 1.29% of their portfolio ALISO VIEJO, CA 779,599779.6k $21.2m $21.2m 1.29% Added +508.5k +508,473
70 Firestone Capital Management 4.44% of their portfolio SOUTH MIAMI, FL 768,746768.7k $20.9m $20.9m 4.44% Added +3.0k +3,038
71 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 753,493753.5k $20.5m $20.5m 0.00% Reduced -251.1k -251,112
72 Washington Trust Advisors, Inc. 1.57% of their portfolio WELLESLEY, MA 753,367753.4k $20.5m $20.5m 1.57% Reduced -4.5k -4,479
73 Your Advocates Ltd., LLP 6.62% of their portfolio HOUSTON, TX 745,945745.9k $20.3m $20.3m 6.62% Reduced -13.9k -13,912
74 ELEVATION WEALTH PARTNERS, LLC 7.11% of their portfolio WALNUT CREEK, CA 737,497737.5k $20.1m $20.1m 7.11% Reduced -7.0k -6,987
75 Northland Capital Management LLC 10.93% of their portfolio VIRGINIA, MN 717,032717.0k $19.5m $19.5m 10.93% Added +160.3k +160,326
76 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 715,540715.5k $19.5m $19.5m 0.01% Reduced -12.8k -12,839
77 CABOT WEALTH MANAGEMENT INC 2.12% of their portfolio BEVERLY, MA 705,562705.6k $19.2m $19.2m 2.12% Added +42.9k +42,925
78 PENNSYLVANIA CAPITAL MANAGEMENT INC /ADV 5.00% of their portfolio HUNTINGDON VALLEY, PA 671,928671.9k $18.3m $18.3m 5.00% Added +301.3k +301,335
79 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 657,175657.2k $17.9m $17.9m 0.01% Added +62.8k +62,821
80 Envision Financial LLC 9.43% of their portfolio BROOKFIELD, WI 655,421655.4k $17.8m $17.8m 9.43% Added +44.9k +44,861
81 U.S. Capital Wealth Advisors, LLC 0.45% of their portfolio AUSTIN, TX 635,230635.2k $17.3m $17.3m 0.45% Added +10.9k +10,945
82 VVR Holdings LLC 8.97% of their portfolio BELLINGHAM, WA 634,387634.4k $17.3m $17.3m 8.97% First filing
83 MAI Capital Management 0.10% of their portfolio INDEPENDENCE, OH 616,193616.2k $16.8m $16.8m 0.10% Added +158.1k +158,115
84 Qube Research & Technologies Ltd 0.02% of their portfolio LONDON, X0 612,591612.6k $16.7m $16.7m 0.02% Added +445.6k +445,614
85 Sellwood Investment Partners LLC 6.48% of their portfolio PORTLAND, OR 610,030610.0k $16.6m $16.6m 6.48% Added +12.9k +12,865
86 White Pine Investment CO 3.78% of their portfolio LIVONIA, MI 589,684589.7k $16.0m $16.0m 3.78% Added +707 +707
87 PRINCIPAL SECURITIES, INC. 0.25% of their portfolio DES MOINES, IA 588,939588.9k $16.0m $16.0m 0.25% Reduced -92.2k -92,215
88 EP Wealth Advisors, LLC 0.08% of their portfolio TORRANCE, CA 584,018584.0k $15.9m $15.9m 0.08% First filing
89 Aufman Associates Inc 8.01% of their portfolio SEWICKLEY, PA 574,608574.6k $15.6m $15.6m 8.01% Added +477.1k +477,083
90 Tradition Wealth Management, LLC 1.12% of their portfolio EDINA, MN 574,083574.1k $15.6m $15.6m 1.12% Added +8.9k +8,860
91 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.02% of their portfolio PLYMOUTH, MN 556,683556.7k $15.5m $15.5m 0.02% Reduced -78.2k -78,158
92 Strata Wealth Advisors, LLC 4.19% of their portfolio DALLAS, TX 554,054554.1k $15.1m $15.1m 4.19% Reduced -14.8k -14,799
93 Asset Allocation Strategies LLC 2.78% of their portfolio FARMINGTON, MI 552,591552.6k $15.0m $15.0m 2.78% Added +27.7k +27,675
94 Wealth Forward, LLC 8.43% of their portfolio FARGO, ND 548,481548.5k $14.9m $14.9m 8.43% Added +2.2k +2,172
95 Williams Financial, LLC 8.53% of their portfolio NORTH BENNINGTON, VT 541,764541.8k $14.7m $14.7m 8.53% New
96 Cerity Partners LLC 0.02% of their portfolio NEW YORK, NY 529,604529.6k $14.4m $14.4m 0.02% Reduced -9.9k -9,913
97 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 499,105499.1k $13.6m $13.6m 0.00% Added +485.9k +485,924
98 Ironwood Investment Counsel, LLC 1.87% of their portfolio SCOTTSDALE, AZ 490,965491.0k $13.4m $13.4m 1.87% Added +14.0k +14,032
99 Gotham Asset Management, LLC 0.05% of their portfolio NEW YORK, NY 485,215485.2k $13.2m $13.2m 0.05% Added +21.1k +21,108
100 Archford Capital Strategies, LLC 1.53% of their portfolio SWANSEA, IL 483,849483.8k $13.2m $13.2m 1.53% Reduced -57.6k -57,608