Vault-13

SCHWAB STRATEGIC TR SCHD

US DIVIDEND EQ · ETP · CUSIP 808524797

1,352 institutional holders +22 vs Q4 2022
254,061,497254.1m shares reported held*
$18.6bnreported value*
94 new 707 added 390 reduced 70 sold out net bought ≈ $542.7m (+8.1m 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 ($54.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $73.06. Options: 8 managers hold calls ($93.4m notional), 6 hold puts ($49.3m).

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 1,166Q4 22: 1,330Q1 23: 1,3521,352Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 20221,166
Q4 20221,330
Q1 20231,352

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ4 22: 827 bought or addedQ4 22: 331 cut or sold outQ4 22Q1 23: 801 bought or addedQ1 23: 460 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022827331
Q1 2023801460

Calls vs puts

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

CallsPuts
$0$25m$50m$75m$100mQ3 22 calls: $53.2mQ3 22 puts: $23.1mQ3 22P/C 0.44Q4 22 calls: $99.5mQ4 22 puts: $49.3mQ4 22P/C 0.50Q1 23 calls: $93.4mQ1 23 puts: $49.3mQ1 23P/C 0.53
Numbers
QuarterCallsPutsP/C
Q3 2022$53.2m$23.1m0.44
Q4 2022$99.5m$49.3m0.50
Q1 2023$93.4m$49.3m0.53

Biggest buyers

AMERIPRISE FINANCIAL INC Added +1,228,836+1.2m
LPL Financial LLC Added +1,110,089+1.1m
Rezny Wealth Management, Inc. Added +875,314+875.3k
COWA, LLC Added +655,180+655.2k
Cerity Partners LLC Added +643,899+643.9k
Fiduciary Trust Co Added +624,930+624.9k
BANK OF AMERICA CORP /DE/ Added +582,697+582.7k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +504,983+505.0k
COMMONWEALTH EQUITY SERVICES, LLC Added +476,753+476.8k
AVANTAX ADVISORY SERVICES, INC. Added +472,918+472.9k

Biggest sellers

Wealthfront Advisers LLC Reduced -2,727,194-2.7m
MEITAV INVESTMENT HOUSE LTD Reduced -2,409,000-2.4m
JPMORGAN CHASE & CO Reduced -1,843,182-1.8m
WELLS FARGO & COMPANY/MN Reduced -521,485-521.5k
B&D White Capital Company, LLC Reduced -443,401-443.4k
Portfolio Strategies, Inc. Sold out -415,480-415.5k
JANE STREET GROUP, LLC Reduced -303,650-303.6k
CVS HEALTH Corp Sold out -297,006-297.0k
EP Wealth Advisors, LLC Reduced -289,869-289.9k
DT Investment Partners, LLC Reduced -267,188-267.2k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $59.3m810.3k shares
CITADEL ADVISORS LLC Reduced $19.0m259.1k shares
WOLVERINE TRADING, LLC Reduced $9.3m128.8k shares
CAPITAL FUND MANAGEMENT S.A. Added $5.4m73.4k shares
Belvedere Trading LLC Unchanged $219.5k3.0k shares
Parallax Volatility Advisers, L.P. New $212.2k2.9k shares
Cutler Group LLC / CA Added $25.0k19.2k shares
HAP Trading, LLC Added $15.0k16.9k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $25.1m343.1k shares
WOLVERINE TRADING, LLC Added $10.2m140.9k shares
CAPITAL FUND MANAGEMENT S.A. Added $7.5m102.3k shares
CITADEL ADVISORS LLC Reduced $6.5m89.3k shares
Cutler Group LLC / CA Reduced $18.0k8.6k shares
Parallax Volatility Advisers, L.P. New $7.3k100 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, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LPL Financial LLC 0.58% of their portfolio FORT MILL, SC 10,114,70310.1m $740.0m $740.0m 0.58% Added +1.1m +1,110,089
2 AMERIPRISE FINANCIAL INC 0.23% of their portfolio MINNEAPOLIS, MN 9,805,9359.8m $715.9m $715.9m 0.23% Added +1.2m +1,228,836
3 Charles Schwab Investment Advisory, Inc. 1.12% of their portfolio SAN FRANCISCO, CA 9,593,7219.6m $701.9m $701.9m 1.12% Added +294.2k +294,215
4 Wealthfront Advisers LLC 2.90% of their portfolio Palo Alto, CA 8,714,2638.7m $637.5m $637.5m 2.90% Reduced -2.7m -2,727,194
5 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.83% of their portfolio MILWAUKEE, WI 8,110,2618.1m $593.3m $593.3m 0.83% Added +505.0k +504,983
6 MORGAN STANLEY 0.06% of their portfolio NEW YORK, NY 7,976,1788.0m $583.5m $583.5m 0.06% Added +239.3k +239,304
7 BANK OF AMERICA CORP /DE/ 0.07% of their portfolio CHARLOTTE, NC 7,757,8787.8m $567.6m $567.6m 0.07% Added +582.7k +582,697
8 AVANTAX ADVISORY SERVICES, INC. 6.26% of their portfolio DALLAS, TX 6,985,9127.0m $511.1m $511.1m 6.26% Added +472.9k +472,918
9 Wealthspire Advisors, LLC 7.58% of their portfolio NEW YORK, NY 6,039,1696.0m $441.8m $441.8m 7.58% Added +81.2k +81,186
10 ENVESTNET ASSET MANAGEMENT INC 0.19% of their portfolio Berwyn, PA 5,293,9095.3m $387.3m $387.3m 0.19% Added +46.7k +46,697
11 UBS Group AG 0.16% of their portfolio ZURICH, V8 4,843,0634.8m $354.3m $354.3m 0.16% Added +142.9k +142,927
12 Raymond James Financial Services Advisors, Inc. 0.66% of their portfolio ST. PETERSBURG, FL 4,769,0194.8m $348.9m $348.9m 0.66% Added +452.8k +452,825
13 OSAIC HOLDINGS, INC. 0.64% of their portfolio SCOTTSDALE, AZ 4,664,5734.7m $341.3m $341.3m 0.64% Added +248.7k +248,655
14 COMMONWEALTH EQUITY SERVICES, LLC 0.61% of their portfolio WALTHAM, MA 3,999,0014.0m $292.6m $292.6m 0.61% Added +476.8k +476,753
15 Avantax Planning Partners, Inc. 10.56% of their portfolio DUBUQUE, IA 3,555,7373.6m $260.1m $260.1m 10.56% Added +51.7k +51,655
16 WELLS FARGO & COMPANY/MN 0.08% of their portfolio SAN FRANCISCO, CA 3,470,8443.5m $253.9m $253.9m 0.08% Reduced -521.5k -521,485
17 JPMORGAN CHASE & CO 0.03% of their portfolio NEW YORK, NY 3,428,6623.4m $250.8m $250.8m 0.03% Reduced -1.8m -1,843,182
18 Orgel Wealth Management, LLC 8.95% of their portfolio ALTOONA, WI 3,420,8093.4m $250.3m $250.3m 8.95% Reduced -104.8k -104,820
19 Merit Financial Group, LLC 8.90% of their portfolio ALPHARETTA, GA 3,320,7653.3m $242.9m $242.9m 8.90% Added +82.3k +82,337
20 Cetera Investment Advisers 1.64% of their portfolio SCHAUMBURG, IL 2,566,9432.6m $187.8m $187.8m 1.64% Added +137.0k +137,041
21 Corient Private Wealth LP 0.41% of their portfolio MIAMI, FL 2,100,5142.1m $153.7m $153.7m 0.41% Added +306.7k +306,730
22 Mariner, LLC 0.44% of their portfolio Overland Park, KS 2,068,7262.1m $151.3m $151.3m 0.44% Added +83.0k +83,019
23 Cambridge Investment Research Advisors, Inc. 0.73% of their portfolio FAIRFIELD, IA 2,025,6982.0m $148.2m $148.2m 0.73% Added +142.5k +142,487
24 CWM, LLC 0.99% of their portfolio OMAHA, NE 1,995,7532.0m $146.0m $146.0m 0.99% Added +102.9k +102,911
25 ROYAL BANK OF CANADA 0.04% of their portfolio TORONTO, A6 1,893,1811.9m $138.5m $138.5m 0.04% Added +133.0k +132,951
26 FIFTH THIRD BANCORP 0.59% of their portfolio CINCINNATI, OH 1,746,9671.7m $127.8m $127.8m 0.59% Added +202.2k +202,151
27 RAYMOND JAMES & ASSOCIATES 0.11% of their portfolio ST PETERSBURG, FL 1,666,5541.7m $121.9m $121.9m 0.11% Added +276.0k +275,966
28 KEYBANK NATIONAL ASSOCIATION/OH 0.54% of their portfolio BROOKLYN, OH 1,558,6381.6m $114.0m $114.0m 0.54% Added +33.4k +33,390
29 Creative Planning 0.16% of their portfolio OVERLAND PARK, KS 1,537,3791.5m $112.5m $112.5m 0.16% Added +80.6k +80,647
30 Cassaday & Co Wealth Management LLC 4.78% of their portfolio MCLEAN, VA 1,530,5461.5m $112.0m $112.0m 4.78% Added +116.2k +116,196
31 Parallel Advisors, LLC 3.72% of their portfolio SAN FRANCISCO, CA 1,506,5631.5m $110.2m $110.2m 3.72% Added +378.2k +378,171
32 Keystone Financial Planning, Inc. 36.83% of their portfolio CLEVELAND, OH 1,479,8691.5m $108.3m $108.3m 36.83% Added +92.0k +91,971
33 CENTRAL TRUST Co 3.12% of their portfolio JEFFERSON CITY, MO 1,456,5711.5m $106.6m $106.6m 3.12% Added +59.0k +59,045
34 Thrivent Financial for Lutherans 0.25% of their portfolio Minneapolis, MN 1,424,1771.4m $103.2m $103.2m 0.25% Added +82.5k +82,523
35 HighTower Advisors, LLC 0.22% of their portfolio CHICAGO, IL 1,407,4131.4m $103.0m $103.0m 0.22% Reduced -106.4k -106,382
36 HHM Wealth Advisors, LLC 20.08% of their portfolio CHATTANOOGA, TN 1,344,1311.3m $98.3m $98.3m 20.08% Added +57.8k +57,826
37 Asset Advisors Investment Management, LLC 12.78% of their portfolio AUGUSTA, GA 1,335,4051.3m $97.7m $97.7m 12.78% Reduced -12.2k -12,192
38 J.P. Morgan Private Wealth Advisors LLC 0.19% of their portfolio SAN FRANCISCO, CA 1,245,1811.2m $91.1m $91.1m 0.19% Added +228.6k +228,642
39 Kestra Advisory Services, LLC 0.95% of their portfolio AUSTIN, TX 1,201,1501.2m $87.9m $87.9m 0.95% Added +324.6k +324,626
40 TRUIST FINANCIAL CORP 0.15% of their portfolio CHARLOTTE, NC 1,188,3551.2m $86.9m $86.9m 0.15% Added +35.8k +35,831
41 MML INVESTORS SERVICES, LLC 0.61% of their portfolio SPRINGFIELD, MA 1,174,5821.2m $85.9m $85.9m 0.61% Reduced -10.5k -10,475
42 Focus Financial Network, Inc. 5.26% of their portfolio MINNEAPOLIS, MN 1,155,1031.2m $84.5m $84.5m 5.26% Reduced -5.9k -5,873
43 SVB WEALTH LLC 1.16% of their portfolio BOSTON, MA 1,136,1841.1m $83.1m $83.1m 1.16% Reduced -184.5k -184,547
44 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio SAN FRANCISCO, CA 1,009,3521.0m $73.8m $73.8m 0.02% Added +19.2k +19,247
45 STIFEL FINANCIAL CORP 0.10% of their portfolio ST. LOUIS, MO 1,001,2761.0m $73.3m $73.3m 0.10% Added +144.2k +144,247
46 Fiduciary Trust Co 1.34% of their portfolio Boston, MA 984,860984.9k $72.1m $72.1m 1.34% Added +624.9k +624,930
47 D.A. DAVIDSON & CO. 0.79% of their portfolio GREAT FALLS, MT 958,679958.7k $70.1m $70.1m 0.79% Added +114.0k +113,962
48 Rezny Wealth Management, Inc. 23.87% of their portfolio Fort Myers, FL 884,342884.3k $64.7m $64.7m 23.87% Added +875.3k +875,314
49 SECURIAN ASSET MANAGEMENT, INC 1.67% of their portfolio ST PAUL, MN 858,000858.0k $62.8m $62.8m 1.67% Unchanged
50 OneDigital Investment Advisors LLC 1.36% of their portfolio OVERLAND PARK, KS 791,620791.6k $57.9m $57.9m 1.36% Reduced -255.5k -255,503
51 Gerber Kawasaki Wealth & Investment Management 4.50% of their portfolio SANTA MONICA, CA 778,636778.6k $57.0m $57.0m 4.50% Reduced -36.5k -36,488
52 CVA Family Office, LLC 12.49% of their portfolio DENVER, CO 764,803764.8k $56.0m $56.0m 12.49% Added +29.5k +29,476
53 Ameritas Advisory Services, LLC 2.77% of their portfolio Lincoln, NE 754,167754.2k $55.3m $55.3m 2.77% Reduced -46.0k -46,018
54 Bard Financial Services, Inc. 4.22% of their portfolio BRANFORD, CT 720,003720.0k $52.7m $52.7m 4.22% Added +46.2k +46,217
55 Valmark Advisers, Inc. 1.12% of their portfolio AKRON, OH 708,025708.0k $51.8m $51.8m 1.12% Added +53.2k +53,188
56 COWA, LLC 2.45% of their portfolio Tulsa, OK 707,528707.5k $3.1m $3.1m 2.45% Added +655.2k +655,180
57 Cetera Advisor Networks LLC 0.38% of their portfolio EL SEGUNDO, CA 704,025704.0k $51.5m $51.5m 0.38% Added +65.4k +65,398
58 Cullen/Frost Bankers, Inc. 0.93% of their portfolio San Antonio, TX 698,193698.2k $51.1m $51.1m 0.93% Added +79.6k +79,617
59 Cerity Partners LLC 0.13% of their portfolio NEW YORK, NY 687,326687.3k $50.3m $50.3m 0.13% Added +643.9k +643,899
60 Bogart Wealth, LLC 3.31% of their portfolio MCLEAN, VA 677,212677.2k $49.5m $49.5m 3.31% Added +53.6k +53,572
61 PINNACLE ASSOCIATES LTD 0.97% of their portfolio NEW YORK, NY 646,205646.2k $47.3m $47.3m 0.97% Added +31.0k +31,043
62 Kohmann Bosshard Financial Services, LLC 8.85% of their portfolio FAIRLAWN, OH 643,498643.5k $47.1m $47.1m 8.85% Added +32.8k +32,840
63 Baird Financial Group, Inc. 0.11% of their portfolio MILWAUKEE, WI 628,138628.1k $46.0m $46.0m 0.11% Added +57.0k +56,955
64 HOWARD FINANCIAL SERVICES, LTD. 11.11% of their portfolio DALLAS, TX 622,956623.0k $45.6m $45.6m 11.11% Reduced -5.3k -5,306
65 Cetera Advisors LLC 0.76% of their portfolio DENVER, CO 622,658622.7k $45.6m $45.6m 0.76% Added +79.6k +79,590
66 Private Advisor Group, LLC 0.43% of their portfolio MORRISTOWN, NJ 619,711619.7k $45.3m $45.3m 0.43% Added +35.3k +35,320
67 LVW Advisors, LLC 8.52% of their portfolio PITTSFORD, NY 581,073581.1k $42.5m $42.5m 8.52% Added +149.9k +149,898
68 Bouchey Financial Group, Ltd. 5.57% of their portfolio TROY, NY 576,904576.9k $42.2m $42.2m 5.57% Added +17.1k +17,101
69 JANICZEK WEALTH MANAGEMENT, LLC 11.78% of their portfolio DENVER, CO 564,745564.7k $41.6m $41.6m 11.78% Reduced -74.5k -74,502
70 Atria Wealth Solutions, Inc. 0.60% of their portfolio NEW YORK, NY 556,174556.2k $40.7m $40.7m 0.60% Reduced -29.6k -29,600
71 Legacy Financial Strategies, LLC 14.91% of their portfolio OVERLAND PARK, KS 549,582549.6k $40.2m $40.2m 14.91% Reduced -212 -212
72 Summit Asset Management, LLC 10.89% of their portfolio MEMPHIS, TN 540,870540.9k $39.6m $39.6m 10.89% Added +1.3k +1,264
73 TimeScale Financial, Inc. 8.88% of their portfolio DANVERS, MA 535,661535.7k $39.2m $39.2m 8.88% Reduced -14.5k -14,507
74 Davidson Capital Management Inc. 23.79% of their portfolio CORPUS CHRISTI, TX 535,358535.4k $39.2m $39.2m 23.79% Added +64.9k +64,863
75 HB Wealth Management, LLC 0.68% of their portfolio Atlanta, GA 535,067535.1k $39.1m $39.1m 0.68% Added +9.0k +8,953
76 Hennion & Walsh Asset Management, Inc. 2.38% of their portfolio Parsippany, NJ 530,226530.2k $38.8m $38.8m 2.38% Reduced -707 -707
77 Sigma Planning Corp 1.18% of their portfolio ANN ARBOR, MI 486,997487.0k $35.6m $35.6m 1.18% Added +90.3k +90,255
78 Whelan Financial 19.73% of their portfolio FRESNO, CA 486,301486.3k $35.6m $35.6m 19.73% Added +9.2k +9,224
79 Marquette Asset Management, LLC 9.44% of their portfolio MINNEAPOLIS, MN 485,632485.6k $35.5m $35.5m 9.44% Added +120.0k +120,044
80 Spinnaker Investment Group, LLC 12.11% of their portfolio Newport Beach, CA 470,917470.9k $34.5m $34.5m 12.11% Added +17.2k +17,157
81 Systelligence, LLC 8.81% of their portfolio BLOOMINGTON, MN 469,195469.2k $34.3m $34.3m 8.81% Added +10.1k +10,133
82 NewEdge Advisors, LLC 0.43% of their portfolio NEW ORLEANS, LA 468,607468.6k $34.2m $34.2m 0.43% Added +31.9k +31,863
83 Kellett Wealth Advisors, LLC 32.12% of their portfolio CINCINNATI, OH 456,560456.6k $33.4m $33.4m 32.12% Added +4.0k +4,046
84 Wealth Management Solutions, LLC 19.04% of their portfolio EXTON, PA 452,105452.1k $33.1m $33.1m 19.04% Added +77.9k +77,923
85 Brio Consultants, LLC 6.12% of their portfolio SAN FRANCISCO, CA 452,102452.1k $33.1m $33.1m 6.12% Added +34.3k +34,343
86 ESL Trust Services, LLC 10.68% of their portfolio ROCHESTER, NY 450,539450.5k $33.0m $33.0m 10.68% Added +2.8k +2,813
87 Milestone Investment Advisors LLC 10.09% of their portfolio MIDDLETON, WI 446,735446.7k $32.7m $32.7m 10.09% Added +12.3k +12,278
88 Strategic Investment Solutions, Inc. /IL 6.33% of their portfolio ORLAND PARK, IL 441,631441.6k $32.3m $32.3m 6.33% Added +12.3k +12,303
89 Sunburst Financial Group, LLC 11.91% of their portfolio VESTAVIA HILLS, AL 441,436441.4k $32.3m $32.3m 11.91% Added +7.1k +7,066
90 Scott Capital Advisors, LLC 15.20% of their portfolio PORTLAND, OR 431,152431.2k $31.5m $31.5m 15.20% Added +7.8k +7,811
91 WFA Asset Management Corp 19.04% of their portfolio WHITEFISH BAY, WI 424,139424.1k $31.0m $31.0m 19.04% Added +11.4k +11,391
92 Tradition Wealth Management, LLC 3.82% of their portfolio EDINA, MN 419,859419.9k $30.7m $30.7m 3.82% Added +3.0k +2,999
93 JNBA Financial Advisors 3.89% of their portfolio BLOOMINGTON, MN 408,889408.9k $29.9m $29.9m 3.89% Added +6.4k +6,395
94 Reliant Wealth Planning 18.39% of their portfolio LOUISVILLE, KY 405,413405.4k $29.7m $29.7m 18.39% Reduced -3.6k -3,578
95 Integrated Wealth Concepts LLC 0.61% of their portfolio WALTHAM, MA 403,229403.2k $29.5m $29.5m 0.61% Added +127.7k +127,684
96 Evergreen Advisors, LLC 10.78% of their portfolio CHATTANOOGA, TN 396,730396.7k $29.0m $29.0m 10.78% Added +14.9k +14,907
97 RFG Advisory, LLC 1.41% of their portfolio BIRMINGHAM, AL 393,499393.5k $28.8m $28.8m 1.41% Added +7.8k +7,817
98 ADAMSBROWN WEALTH CONSULTANTS LLC 16.50% of their portfolio WICHITA, KS 391,281391.3k $28.6m $28.6m 16.50% Added +44.7k +44,685
99 American Trust 0.89% of their portfolio LEXINGTON, KY 378,925378.9k $12.9m $12.9m 0.89% Added +107.5k +107,510
100 Main Street Financial Solutions, LLC 4.06% of their portfolio NEWTOWN, PA 378,370378.4k $27.7m $27.7m 4.06% Added +10.5k +10,492