Vault-13

SCHWAB STRATEGIC TR FNDX

FUNDAMENTAL US L · ETP · CUSIP 808524771

784 institutional holders +33 vs Q4 2025
682,473,476682.5m shares reported held*
$19.0bnreported value*
81 new 338 added 200 reduced 43 sold out net bought ≈ $683.6m (+11.9m 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 ($5.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $27.86.

Trends to Q1 2026

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: 751Q1 26: 784784Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q1 2026784

Buyers vs sellers

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

Bought or addedCut or sold out
5000500Q2 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 25Q4 25: 375 bought or addedQ4 25: 220 cut or sold outQ1 26: 419 bought or addedQ1 26: 243 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 2024278184
Q3 2024324169
Q4 2024316194
Q1 2025352209
Q2 2025343233
Q3 2025331257
Q4 2025375220
Q1 2026419243

Biggest buyers

CAPTRUST FINANCIAL ADVISORS Added +6,102,140+6.1m
CHARLES SCHWAB INVESTMENT MANAGEMENT INC Added +5,979,401+6.0m
KEYBANK NATIONAL ASSOCIATION/OH Added +4,162,731+4.2m
True North Advisors, LLC New +2,073,839+2.1m
ENVESTNET ASSET MANAGEMENT INC Added +1,468,243+1.5m
OLD NATIONAL BANCORP /IN/ New +1,127,401+1.1m
NorthCoast Asset Management LLC New +813,606+813.6k
LPL Financial LLC Added +673,893+673.9k
Johnson Bixby & Associates, LLC Added +546,831+546.8k
Boulay Financial Advisors, LLC Added +441,607+441.6k

Biggest sellers

TradeWell Securities, LLC. Sold out -12,721,524-12.7m
BlueStem Wealth Partners, LLC Reduced -1,146,810-1.1m
Corient Private Wealth LP Reduced -965,054-965.1k
OSAIC HOLDINGS, INC. Reduced -757,427-757.4k
GOLDMAN SACHS GROUP INC Reduced -487,331-487.3k
AlphaCore Capital LLC Reduced -442,644-442.6k
QUADRANT CAPITAL GROUP LLC Reduced -437,937-437.9k
Clarkston Capital Partners, LLC Reduced -390,400-390.4k
AMERIPRISE FINANCIAL INC Reduced -323,515-323.5k
Qube Research & Technologies Ltd Reduced -295,688-295.7k

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 1.78% of their portfolio SAN FRANCISCO, CA 419,422,622419.4m $11.7bn $11.7bn 1.78% Added +6.0m +5,979,401
2 CAPTRUST FINANCIAL ADVISORS 1.34% of their portfolio RALEIGH, NC 27,495,48727.5m $765.7m $765.7m 1.34% Added +6.1m +6,102,140
3 KEYBANK NATIONAL ASSOCIATION/OH 1.27% of their portfolio BROOKLYN, OH 12,454,47212.5m $346.9m $346.9m 1.27% Added +4.2m +4,162,731
4 Boulay Financial Advisors, LLC 30.58% of their portfolio EDEN PRAIRIE, MN 9,567,8679.6m $266.5m $266.5m 30.58% Added +441.6k +441,607
5 McAdam, LLC 11.76% of their portfolio Philadelphia, PA 9,370,2739.4m $261.0m $261.0m 11.76% Added +190.4k +190,377
6 SIGNATURE ESTATE & INVESTMENT ADVISORS LLC 4.75% of their portfolio LOS ANGELES, CA 8,425,6718.4m $234.7m $234.7m 4.75% Added +396.8k +396,756
7 AMERIPRISE FINANCIAL INC 0.05% of their portfolio MINNEAPOLIS, MN 8,164,3848.2m $227.4m $227.4m 0.05% Reduced -323.5k -323,515
8 ENVESTNET ASSET MANAGEMENT INC 0.05% of their portfolio Berwyn, PA 6,622,4436.6m $184.4m $184.4m 0.05% Added +1.5m +1,468,243
9 Steele Capital Management, Inc. 7.27% of their portfolio DUBUQUE, IA 6,300,1546.3m $175.5m $175.5m 7.27% Added +187.5k +187,464
10 LPL Financial LLC 0.04% of their portfolio FORT MILL, SC 5,825,2155.8m $162.2m $162.2m 0.04% Added +673.9k +673,893
11 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 5,436,3355.4m $151.4m $151.4m 0.01% Added +214.3k +214,259
12 Glassman Wealth Services 17.69% of their portfolio VIENNA, VA 4,671,9044.7m $130.1m $130.1m 17.69% Added +5.3k +5,341
13 Northwest Bancshares, Inc. 22.03% of their portfolio WARREN, PA 3,974,5164.0m $110.7m $110.7m 22.03% Reduced -119.2k -119,197
14 Cetera Investment Advisers 0.12% of their portfolio SCHAUMBURG, IL 3,891,4383.9m $108.4m $108.4m 0.12% Added +108.6k +108,569
15 Charles Schwab Trust Co 5.81% of their portfolio HENDERSON, NV 3,218,7793.2m $89.6m $89.6m 5.81% Added +109.0k +109,011
16 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 3,144,2223.1m $87.6m $87.6m 0.01% Added +13.4k +13,371
17 AlphaCore Capital LLC 2.01% of their portfolio LA JOLLA, CA 3,050,3853.1m $85.0m $85.0m 2.01% Reduced -442.6k -442,644
18 QUADRANT CAPITAL GROUP LLC 2.25% of their portfolio CINCINNATI, OH 2,704,6852.7m $75.3m $75.3m 2.25% Reduced -437.9k -437,937
19 Gemmer Asset Management LLC 5.91% of their portfolio WALNUT CREEK, CA 2,683,6022.7m $74.7m $74.7m 5.91% Added +34.5k +34,540
20 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 2,629,7172.6m $73.2m $73.2m 0.01% Added +101.0k +101,050
21 Clark Capital Management Group, Inc. 0.43% of their portfolio PHILADELPHIA, PA 2,494,6692.5m $69.5m $69.5m 0.43% Added +32.9k +32,851
22 Kelman-Lazarov, Inc. 9.47% of their portfolio MEMPHIS, TN 2,371,1882.4m $66.0m $66.0m 9.47% Added +14.8k +14,759
23 RESTON WEALTH MANAGEMENT LLC 19.87% of their portfolio Reston, VA 2,329,5902.3m $64.9m $64.9m 19.87% Reduced -51.2k -51,204
24 Lee Financial Co 8.58% of their portfolio Dallas, TX 2,183,6792.2m $60.8m $60.8m 8.58% Reduced -140.5k -140,451
25 Bell Investment Advisors, Inc 9.49% of their portfolio ORINDA, CA 2,178,5552.2m $60.7m $60.7m 9.49% Added +165.1k +165,072
26 Cambridge Investment Research Advisors, Inc. 0.16% of their portfolio FAIRFIELD, IA 2,175,3642.2m $60.6m $60.6m 0.16% Added +327.4k +327,418
27 Creative Planning 0.04% of their portfolio OVERLAND PARK, KS 2,169,1722.2m $60.4m $60.4m 0.04% Added +47.4k +47,431
28 UBS Group AG 0.01% of their portfolio ZURICH, V8 2,145,7762.1m $59.8m $59.8m 0.01% Reduced -195.8k -195,846
29 True North Advisors, LLC 6.58% of their portfolio Dallas, TX 2,073,8392.1m $57.8m $57.8m 6.58% New
30 Private Advisor Group, LLC 0.27% of their portfolio MORRISTOWN, NJ 2,031,7472.0m $56.6m $56.6m 0.27% Reduced -15.9k -15,921
31 HighTower Advisors, LLC 0.06% of their portfolio CHICAGO, IL 2,024,7762.0m $56.4m $56.4m 0.06% Added +87.7k +87,716
32 Prairiewood Capital, LLC 15.42% of their portfolio FARGO, ND 1,914,7771.9m $53.3m $53.3m 15.42% Added +90.7k +90,716
33 Ashford Advisors, LLC 11.91% of their portfolio PITTSFORD, NY 1,835,3931.8m $51.1m $51.1m 11.91% Unchanged
34 Koesten, Hirschmann & Crabtree, INC. 23.13% of their portfolio OVERLAND PARK, KS 1,704,7541.7m $47.5m $47.5m 23.13% Reduced -11.2k -11,198
35 Tanglewood Wealth Management, Inc. 3.93% of their portfolio HOUSTON, TX 1,702,5541.7m $47.4m $47.4m 3.93% Added +385.7k +385,731
36 Cornerstone Planning Group LLC 6.83% of their portfolio FAIRFIELD, NJ 1,696,2121.7m $51.2m $51.2m 6.83% Added +133.7k +133,686
37 KAVAR CAPITAL PARTNERS GROUP, LLC 5.56% of their portfolio LEAWOOD, KS 1,594,2981.6m $44.4m $44.4m 5.56% Added +17.7k +17,673
38 Leonard Rickey Investment Advisors P.L.L.C. 7.23% of their portfolio YAKIMA, WA 1,500,0031.5m $41.8m $41.8m 7.23% Added +20.6k +20,649
39 Focus Partners Wealth 0.05% of their portfolio ST LOUIS, MO 1,475,7271.5m $41.1m $41.1m 0.05% Reduced -22.7k -22,741
40 Resonant Capital Advisors, LLC 2.14% of their portfolio Madison, WI 1,465,2551.5m $40.8m $40.8m 2.14% Added +97.3k +97,328
41 OSAIC HOLDINGS, INC. 0.05% of their portfolio SCOTTSDALE, AZ 1,300,9701.3m $36.2m $36.2m 0.05% Reduced -757.4k -757,427
42 Mariner, LLC 0.04% of their portfolio Overland Park, KS 1,256,7201.3m $35.0m $35.0m 0.04% Added +50.4k +50,449
43 COMMONWEALTH EQUITY SERVICES, LLC 0.05% of their portfolio WALTHAM, MA 1,205,6101.2m $33.6m $33.6m 0.05% Reduced -9.2k -9,212
44 Belpointe Asset Management LLC 1.16% of their portfolio RENO, NV 1,144,4161.1m $31.9m $31.9m 1.16% Reduced -200.7k -200,679
45 Fortis Capital Advisors, LLC 4.17% of their portfolio PRAIRIE VILLAGE, KS 1,144,4161.1m $31.9m $31.9m 4.17% Reduced -200.7k -200,679
46 GREAT VALLEY ADVISOR GROUP, INC. 0.58% of their portfolio WILMINGTON, DE 1,138,2431.1m $31.7m $31.7m 0.58% Added +28.0k +27,974
47 OLD NATIONAL BANCORP /IN/ 0.53% of their portfolio EVANSVILLE, IN 1,127,4011.1m $31.4m $31.4m 0.53% New
48 DAVENPORT & Co LLC 0.17% of their portfolio RICHMOND, VA 1,105,0981.1m $30.8m $30.8m 0.17% Added +188.2k +188,169
49 Urban Financial Advisory Corp 10.62% of their portfolio CHICAGO, IL 1,078,2141.1m $30.0m $30.0m 10.62% Added +284.1k +284,075
50 PTM WEALTH MANAGEMENT, LLC 15.68% of their portfolio NORTH WALES, PA 1,051,9001.1m $29.6m $29.6m 15.68% Reduced -258.3k -258,254
51 Eagle Strategies LLC 3.49% of their portfolio NEW YORK, NY 1,047,7511.0m $29.2m $29.2m 3.49% Added +11.5k +11,481
52 Planned Solutions, Inc. 9.59% of their portfolio FOLSOM, CA 1,043,4671.0m $29.1m $29.1m 9.59% Reduced -6.4k -6,412
53 Richardson Capital Management LLC 13.54% of their portfolio MENOMONEE FALLS, WI 1,006,8251.0m $28.0m $28.0m 13.54% Added +194.7k +194,728
54 Corient Private Wealth LP 0.04% of their portfolio MIAMI, FL 1,002,2831.0m $27.9m $27.9m 0.04% Reduced -965.1k -965,054
55 Berman McAleer LLC 3.75% of their portfolio TIMONIUM, MD 987,609987.6k $27.5m $27.5m 3.75% Reduced -9.1k -9,136
56 ALLEN WEALTH MANAGEMENT, LLC 13.41% of their portfolio Boone, NC 962,107962.1k $26.8m $26.8m 13.41% Added +43.2k +43,202
57 MOLLER WEALTH PARTNERS 5.28% of their portfolio NORTHFIELD, IL 961,046961.0k $26.8m $26.8m 5.28% Added +34.5k +34,465
58 Wealthspire Retirement, LLC 1.60% of their portfolio ALISO VIEJO, CA 954,774954.8k $26.6m $26.6m 1.60% Added +175.2k +175,175
59 Solitude Financial Services 8.03% of their portfolio CHARLOTTESVILLE, VA 935,707935.7k $27.1m $27.1m 8.03% Added +17.3k +17,300
60 Financial Strategies Group, Inc. 4.58% of their portfolio OKEMOS, MI 927,402927.4k $27.4m $27.4m 4.58% Added +40.3k +40,330
61 Haverford Trust Co 0.23% of their portfolio Radnor, PA 900,180900.2k $25.1m $25.1m 0.23% Added +25.5k +25,524
62 TruNorth Capital Management, LLC 4.75% of their portfolio KALAMAZOO, MI 888,910888.9k $24.8m $24.8m 4.75% Added +19.3k +19,319
63 Certified Advisory Corp 2.20% of their portfolio ALTAMONTE SPRINGS, FL 882,278882.3k $24.6m $24.6m 2.20% Added +45.7k +45,724
64 BARTLETT & CO. WEALTH MANAGEMENT LLC 0.33% of their portfolio CINCINNATI, OH 873,539873.5k $26.1m $26.1m 0.33% Reduced -60.0k -59,990
65 Pasadena Private Wealth, LLC 3.37% of their portfolio PASADENA, CA 873,054873.1k $24.3m $24.3m 3.37% Reduced -43.8k -43,800
66 CPC Advisors, LLC 3.78% of their portfolio Atlanta, GA 837,371837.4k $23.3m $23.3m 3.78% Reduced -9.6k -9,565
67 BlueStem Wealth Partners, LLC 2.54% of their portfolio MINNETONKA, MN 819,334819.3k $22.8m $22.8m 2.54% Reduced -1.1m -1,146,810
68 NorthCoast Asset Management LLC 0.53% of their portfolio STAMFORD, CT 813,606813.6k $22.7m $22.7m 0.53% New
69 Firestone Capital Management 4.50% of their portfolio SOUTH MIAMI, FL 776,713776.7k $21.6m $21.6m 4.50% Added +8.0k +7,967
70 OXFORD FINANCIAL GROUP, LTD. LLC 1.15% of their portfolio INDIANAPOLIS, IN 769,432769.4k $21.4m $21.4m 1.15% Reduced -197.1k -197,070
71 Your Advocates Ltd., LLP 6.52% of their portfolio HOUSTON, TX 768,156768.2k $21.4m $21.4m 6.52% Added +22.2k +22,211
72 Merit Financial Group, LLC 0.16% of their portfolio ALPHARETTA, GA 750,213750.2k $20.9m $20.9m 0.16% Reduced -119.8k -119,800
73 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 742,041742.0k $20.7m $20.7m 0.01% Added +26.5k +26,501
74 ELEVATION WEALTH PARTNERS, LLC 7.40% of their portfolio WALNUT CREEK, CA 741,202741.2k $20.6m $20.6m 7.40% Added +3.7k +3,705
75 Washington Trust Advisors, Inc. 1.67% of their portfolio WELLESLEY, MA 739,590739.6k $20.6m $20.6m 1.67% Reduced -13.8k -13,777
76 CABOT WEALTH MANAGEMENT INC 2.35% of their portfolio BEVERLY, MA 734,136734.1k $20.4m $20.4m 2.35% Added +28.6k +28,574
77 MAI Capital Management 0.11% of their portfolio INDEPENDENCE, OH 705,882705.9k $19.7m $19.7m 0.11% Added +89.7k +89,689
78 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 693,270693.3k $19.3m $19.3m 0.00% Reduced -60.2k -60,223
79 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 688,232688.2k $19.2m $19.2m 0.01% Added +31.1k +31,057
80 Aufman Associates Inc 9.27% of their portfolio SEWICKLEY, PA 678,694678.7k $18.9m $18.9m 9.27% Added +104.1k +104,086
81 PENNSYLVANIA CAPITAL MANAGEMENT INC /ADV 5.38% of their portfolio HUNTINGDON VALLEY, PA 675,288675.3k $18.8m $18.8m 5.38% Added +3.4k +3,360
82 Quantinno Capital Management LP 0.03% of their portfolio NEW YORK, NY 672,060672.1k $18.7m $18.7m 0.03% Added +250.9k +250,939
83 U.S. Capital Wealth Advisors, LLC 0.46% of their portfolio AUSTIN, TX 652,918652.9k $18.2m $18.2m 0.46% Added +17.7k +17,688
84 Cerity Partners LLC 0.03% of their portfolio NEW YORK, NY 649,070649.1k $18.1m $18.1m 0.03% Added +119.5k +119,466
85 Envision Financial LLC 9.65% of their portfolio BROOKFIELD, WI 644,177644.2k $17.9m $17.9m 9.65% Reduced -11.2k -11,244
86 VVR Holdings LLC 9.25% of their portfolio BELLINGHAM, WA 643,199643.2k $17.9m $17.9m 9.25% Added +8.8k +8,812
87 Johnson Bixby & Associates, LLC 2.20% of their portfolio VANCOUVER, WA 637,515637.5k $17.8m $17.8m 2.20% Added +546.8k +546,831
88 CAHILL FINANCIAL ADVISORS INC 1.86% of their portfolio EDINA, MN 615,469615.5k $17.1m $17.1m 1.86% Reduced -238.4k -238,383
89 Tradition Wealth Management, LLC 1.22% of their portfolio EDINA, MN 615,116615.1k $17.1m $17.1m 1.22% Added +41.0k +41,033
90 Sellwood Investment Partners LLC 6.67% of their portfolio PORTLAND, OR 608,089608.1k $16.9m $16.9m 6.67% Reduced -1.9k -1,941
91 White Pine Investment CO 3.92% of their portfolio LIVONIA, MI 605,014605.0k $16.9m $16.9m 3.92% Added +15.3k +15,330
92 PRINCIPAL SECURITIES, INC. 0.25% of their portfolio DES MOINES, IA 603,952604.0k $16.8m $16.8m 0.25% Added +15.0k +15,013
93 Northland Capital Management LLC 9.16% of their portfolio VIRGINIA, MN 601,226601.2k $16.7m $16.7m 9.16% Reduced -115.8k -115,806
94 Strata Wealth Advisors, LLC 4.54% of their portfolio DALLAS, TX 594,200594.2k $16.5m $16.5m 4.54% Added +40.1k +40,146
95 Gotham Asset Management, LLC 0.05% of their portfolio NEW YORK, NY 585,044585.0k $16.3m $16.3m 0.05% Added +99.8k +99,829
96 Asset Allocation Strategies LLC 2.79% of their portfolio FARMINGTON, MI 563,449563.4k $15.7m $15.7m 2.79% Added +10.9k +10,858
97 Wealth Forward, LLC 8.83% of their portfolio FARGO, ND 561,949561.9k $15.7m $15.7m 8.83% Added +13.5k +13,468
98 HIGHLINE WEALTH PARTNERS LLC 3.91% of their portfolio SHERMAN OAKS, CA 548,912548.9k $15.3m $15.3m 3.91% Added +162.9k +162,863
99 MML INVESTORS SERVICES, LLC 0.04% of their portfolio SPRINGFIELD, MA 544,387544.4k $15.2m $15.2m 0.04% Added +98.4k +98,361
100 EP Wealth Advisors, LLC 0.07% of their portfolio TORRANCE, CA 538,839538.8k $15.0m $15.0m 0.07% Reduced -45.2k -45,179