Vault-13

SCHWAB STRATEGIC TR SCHD

US DIVIDEND EQ · ETP · CUSIP 808524797

1,386 institutional holders +34 vs Q1 2023
257,818,422257.8m shares reported held*
$18.8bnreported value*
97 new 662 added 472 reduced 69 sold out net bought ≈ $168.5m (+1.6m 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 ($41.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $72.73. Options: 6 managers hold calls ($117.6m notional), 5 hold puts ($68.1m).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 1,166Q4 22: 1,330Q1 23: 1,352Q2 23: 1,3861,386Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 20221,166
Q4 20221,330
Q1 20231,352
Q2 20231,386

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 23Q2 23: 759 bought or addedQ2 23: 541 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022827331
Q1 2023801460
Q2 2023759541

Calls vs puts

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

CallsPuts
$0$50m$100m$150mQ3 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 0.53Q2 23 calls: $117.6mQ2 23 puts: $68.1mQ2 23P/C 0.58
Numbers
QuarterCallsPutsP/C
Q3 2022$53.2m$23.1m0.44
Q4 2022$99.5m$49.3m0.50
Q1 2023$93.4m$49.3m0.53
Q2 2023$117.6m$68.1m0.58

Biggest buyers

ROYAL BANK OF CANADA Added +1,935,958+1.9m
Cresset Asset Management, LLC Added +1,682,230+1.7m
JPMORGAN CHASE & CO Added +825,260+825.3k
Orgel Wealth Management, LLC Added +708,484+708.5k
LPL Financial LLC Added +653,862+653.9k
ENVESTNET ASSET MANAGEMENT INC Added +339,549+339.5k
True Link Financial Advisors, LLC New +327,045+327.0k
Raymond James Financial Services Advisors, Inc. Added +323,303+323.3k
Cerity Partners LLC Added +313,254+313.3k
FDx Advisors, Inc. New +251,851+251.9k

Biggest sellers

Cetera Investment Advisers Reduced -879,874-879.9k
AMERIPRISE FINANCIAL INC Reduced -706,906-706.9k
Bogart Wealth, LLC Reduced -670,350-670.4k
COWA, LLC Reduced -656,274-656.3k
SVB WEALTH LLC Reduced -632,273-632.3k
Wealthfront Advisers LLC Reduced -625,163-625.2k
J.P. Morgan Private Wealth Advisors LLC Reduced -574,997-575.0k
CHARLES SCHWAB INVESTMENT MANAGEMENT INC Reduced -498,164-498.2k
Ameritas Advisory Services, LLC Reduced -480,403-480.4k
Brio Consultants, LLC Reduced -445,625-445.6k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $85.3m1.2m shares
CITADEL ADVISORS LLC Reduced $14.6m200.7k shares
CAPITAL FUND MANAGEMENT S.A. Added $9.8m135.5k shares
WOLVERINE TRADING, LLC Reduced $7.8m108.7k shares
Cutler Group LLC / CA Added $32.0k28.5k shares
HAP Trading, LLC Reduced $10.5k10.2k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $54.3m747.2k shares
CAPITAL FUND MANAGEMENT S.A. Added $9.1m125.4k shares
WOLVERINE TRADING, LLC Reduced $3.5m48.6k shares
CITADEL ADVISORS LLC Reduced $1.2m16.7k shares
Cutler Group LLC / CA Reduced $10.0k7.6k 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, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LPL Financial LLC 0.56% of their portfolio FORT MILL, SC 10,768,56510.8m $782.0m $782.0m 0.56% Added +653.9k +653,862
2 Charles Schwab Investment Advisory, Inc. 1.09% of their portfolio SAN FRANCISCO, CA 9,700,7639.7m $704.5m $704.5m 1.09% Added +107.0k +107,042
3 AMERIPRISE FINANCIAL INC 0.21% of their portfolio MINNEAPOLIS, MN 9,099,0299.1m $660.6m $660.6m 0.21% Reduced -706.9k -706,906
4 MORGAN STANLEY 0.06% of their portfolio NEW YORK, NY 8,166,6018.2m $593.1m $593.1m 0.06% Added +190.4k +190,423
5 Wealthfront Advisers LLC 2.49% of their portfolio Palo Alto, CA 8,089,1008.1m $587.4m $587.4m 2.49% Reduced -625.2k -625,163
6 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.75% of their portfolio MILWAUKEE, WI 8,020,2738.0m $582.4m $582.4m 0.75% Reduced -90.0k -89,988
7 BANK OF AMERICA CORP /DE/ 0.06% of their portfolio CHARLOTTE, NC 7,368,4757.4m $535.1m $535.1m 0.06% Reduced -389.4k -389,403
8 AVANTAX ADVISORY SERVICES, INC. 5.97% of their portfolio DALLAS, TX 7,192,4687.2m $522.3m $522.3m 5.97% Added +206.6k +206,556
9 Wealthspire Advisors, LLC 6.71% of their portfolio NEW YORK, NY 5,654,1395.7m $410.6m $410.6m 6.71% Reduced -385.0k -385,030
10 ENVESTNET ASSET MANAGEMENT INC 0.18% of their portfolio Berwyn, PA 5,633,4585.6m $409.1m $409.1m 0.18% Added +339.5k +339,549
11 Raymond James Financial Services Advisors, Inc. 0.65% of their portfolio ST. PETERSBURG, FL 5,092,3225.1m $369.8m $369.8m 0.65% Added +323.3k +323,303
12 UBS Group AG 0.16% of their portfolio ZURICH, V8 4,985,9775.0m $362.1m $362.1m 0.16% Added +142.9k +142,914
13 OSAIC HOLDINGS, INC. 0.61% of their portfolio SCOTTSDALE, AZ 4,695,5714.7m $340.9m $340.9m 0.61% Added +31.0k +30,998
14 JPMORGAN CHASE & CO 0.04% of their portfolio NEW YORK, NY 4,253,9224.3m $308.9m $308.9m 0.04% Added +825.3k +825,260
15 Orgel Wealth Management, LLC 9.91% of their portfolio ALTOONA, WI 4,129,2934.1m $299.9m $299.9m 9.91% Added +708.5k +708,484
16 COMMONWEALTH EQUITY SERVICES, LLC 0.60% of their portfolio WALTHAM, MA 4,074,0974.1m $295.9m $295.9m 0.60% Added +75.1k +75,096
17 ROYAL BANK OF CANADA 0.08% of their portfolio TORONTO, A6 3,829,1393.8m $278.1m $278.1m 0.08% Added +1.9m +1,935,958
18 Avantax Planning Partners, Inc. 10.46% of their portfolio DUBUQUE, IA 3,622,1573.6m $263.0m $263.0m 10.46% Added +66.4k +66,420
19 WELLS FARGO & COMPANY/MN 0.07% of their portfolio SAN FRANCISCO, CA 3,522,2163.5m $255.8m $255.8m 0.07% Added +51.4k +51,372
20 Merit Financial Group, LLC 7.12% of their portfolio ALPHARETTA, GA 3,021,9833.0m $219.5m $219.5m 7.12% Reduced -298.8k -298,782
21 Cambridge Investment Research Advisors, Inc. 0.70% of their portfolio FAIRFIELD, IA 2,117,7442.1m $153.8m $153.8m 0.70% Added +92.0k +92,046
22 Corient Private Wealth LP 0.35% of their portfolio MIAMI, FL 2,116,3652.1m $153.7m $153.7m 0.35% Added +15.9k +15,851
23 Mariner, LLC 0.41% of their portfolio Overland Park, KS 2,100,6632.1m $152.6m $152.6m 0.41% Added +31.9k +31,937
24 CWM, LLC 0.79% of their portfolio OMAHA, NE 1,768,5851.8m $128.4m $128.4m 0.79% Reduced -227.2k -227,168
25 Cresset Asset Management, LLC 0.88% of their portfolio Chicago, IL 1,710,2711.7m $124.2m $124.2m 0.88% Added +1.7m +1,682,230
26 RAYMOND JAMES & ASSOCIATES 0.10% of their portfolio ST PETERSBURG, FL 1,687,7361.7m $122.6m $122.6m 0.10% Added +21.2k +21,182
27 Cetera Investment Advisers 1.03% of their portfolio SCHAUMBURG, IL 1,687,0691.7m $122.5m $122.5m 1.03% Reduced -879.9k -879,874
28 Keystone Financial Planning, Inc. 40.77% of their portfolio CLEVELAND, OH 1,677,0421.7m $121.8m $121.8m 40.77% Added +197.2k +197,173
29 Parallel Advisors, LLC 3.84% of their portfolio SAN FRANCISCO, CA 1,641,8921.6m $119.2m $119.2m 3.84% Added +135.3k +135,329
30 Cassaday & Co Wealth Management LLC 4.54% of their portfolio MCLEAN, VA 1,575,9331.6m $114.4m $114.4m 4.54% Added +45.4k +45,387
31 FIFTH THIRD BANCORP 0.50% of their portfolio CINCINNATI, OH 1,575,2481.6m $114.4m $114.4m 0.50% Reduced -171.7k -171,719
32 KEYBANK NATIONAL ASSOCIATION/OH 0.50% of their portfolio BROOKLYN, OH 1,505,0711.5m $109.3m $109.3m 0.50% Reduced -53.6k -53,567
33 Thrivent Financial for Lutherans 0.23% of their portfolio Minneapolis, MN 1,420,2421.4m $102.4m $102.4m 0.23% Reduced -3.9k -3,935
34 CENTRAL TRUST Co 2.84% of their portfolio JEFFERSON CITY, MO 1,403,9881.4m $102.0m $102.0m 2.84% Reduced -52.6k -52,583
35 HighTower Advisors, LLC 0.20% of their portfolio CHICAGO, IL 1,397,1371.4m $101.5m $101.5m 0.20% Reduced -10.3k -10,276
36 MML INVESTORS SERVICES, LLC 0.55% of their portfolio SPRINGFIELD, MA 1,383,3271.4m $100.5m $100.5m 0.55% Added +208.7k +208,745
37 HHM Wealth Advisors, LLC 18.81% of their portfolio CHATTANOOGA, TN 1,381,4701.4m $100.3m $100.3m 18.81% Added +37.3k +37,339
38 TRUIST FINANCIAL CORP 0.16% of their portfolio CHARLOTTE, NC 1,360,3231.4m $98.8m $98.8m 0.16% Added +172.0k +171,968
39 Asset Advisors Investment Management, LLC 12.13% of their portfolio AUGUSTA, GA 1,311,5581.3m $95.2m $95.2m 12.13% Reduced -23.8k -23,847
40 Creative Planning 0.12% of their portfolio OVERLAND PARK, KS 1,256,8831.3m $91.3m $91.3m 0.12% Reduced -280.5k -280,496
41 Focus Financial Network, Inc. 5.03% of their portfolio MINNEAPOLIS, MN 1,248,0721.2m $90.6m $90.6m 5.03% Added +93.0k +92,969
42 Fiduciary Trust Co 1.41% of their portfolio Boston, MA 1,100,8781.1m $79.9m $79.9m 1.41% Added +116.0k +116,018
43 Kestra Advisory Services, LLC 0.80% of their portfolio AUSTIN, TX 1,097,5731.1m $79.7m $79.7m 0.80% Reduced -103.6k -103,577
44 Dechtman Wealth Management, LLC 23.56% of their portfolio CENTENNIAL, CO 1,089,6831.1m $79.1m $79.1m 23.56% First filing
45 STIFEL FINANCIAL CORP 0.10% of their portfolio ST. LOUIS, MO 1,055,4681.1m $76.6m $76.6m 0.10% Added +54.2k +54,192
46 Cerity Partners LLC 0.28% of their portfolio NEW YORK, NY 1,000,5801.0m $72.7m $72.7m 0.28% Added +313.3k +313,254
47 D.A. DAVIDSON & CO. 0.76% of their portfolio GREAT FALLS, MT 989,111989.1k $71.8m $71.8m 0.76% Added +30.4k +30,432
48 Rezny Wealth Management, Inc. 23.43% of their portfolio Fort Myers, FL 957,664957.7k $69.5m $69.5m 23.43% Added +73.3k +73,322
49 Cullen/Frost Bankers, Inc. 0.98% of their portfolio San Antonio, TX 792,262792.3k $57.5m $57.5m 0.98% Added +94.1k +94,069
50 CVA Family Office, LLC 11.85% of their portfolio DENVER, CO 777,904777.9k $56.5m $56.5m 11.85% Added +13.1k +13,101
51 Valmark Advisers, Inc. 1.14% of their portfolio AKRON, OH 770,312770.3k $55.9m $55.9m 1.14% Added +62.3k +62,287
52 OneDigital Investment Advisors LLC 1.22% of their portfolio OVERLAND PARK, KS 761,937761.9k $55.3m $55.3m 1.22% Reduced -29.7k -29,683
53 LVW Advisors, LLC 11.12% of their portfolio PITTSFORD, NY 758,607758.6k $55.1m $55.1m 11.12% Added +177.5k +177,534
54 Gerber Kawasaki Wealth & Investment Management 3.69% of their portfolio SANTA MONICA, CA 756,448756.4k $54.9m $54.9m 3.69% Reduced -22.2k -22,188
55 Private Advisor Group, LLC 0.48% of their portfolio MORRISTOWN, NJ 743,740743.7k $54.8m $54.8m 0.48% Added +124.0k +124,029
56 Bard Financial Services, Inc. 4.03% of their portfolio BRANFORD, CT 733,696733.7k $53.3m $53.3m 4.03% Added +13.7k +13,693
57 CGC Financial Services, LLC 32.59% of their portfolio LAKE OSWEGO, OR 690,291690.3k $50.1m $50.1m 32.59% First filing
58 Cetera Advisor Networks LLC 0.35% of their portfolio EL SEGUNDO, CA 688,694688.7k $50.0m $50.0m 0.35% Reduced -15.3k -15,331
59 J.P. Morgan Private Wealth Advisors LLC 0.25% of their portfolio SAN FRANCISCO, CA 670,184670.2k $48.7m $48.7m 0.25% Reduced -575.0k -574,997
60 Kohmann Bosshard Financial Services, LLC 8.27% of their portfolio FAIRLAWN, OH 660,064660.1k $47.9m $47.9m 8.27% Added +16.6k +16,566
61 PINNACLE ASSOCIATES LTD 0.82% of their portfolio NEW YORK, NY 654,635654.6k $47.5m $47.5m 0.82% Added +8.4k +8,430
62 Baird Financial Group, Inc. 0.12% of their portfolio MILWAUKEE, WI 645,936645.9k $46.9m $46.9m 0.12% Added +17.8k +17,798
63 Cetera Advisors LLC 0.74% of their portfolio DENVER, CO 643,661643.7k $46.7m $46.7m 0.74% Added +21.0k +21,003
64 Bouchey Financial Group, Ltd. 5.40% of their portfolio TROY, NY 614,297614.3k $44.6m $44.6m 5.40% Added +37.4k +37,393
65 HOWARD FINANCIAL SERVICES, LTD. 10.50% of their portfolio DALLAS, TX 605,409605.4k $44.0m $44.0m 10.50% Reduced -17.5k -17,547
66 Hennion & Walsh Asset Management, Inc. 2.46% of their portfolio Parsippany, NJ 571,604571.6k $41.5m $41.5m 2.46% Added +41.4k +41,378
67 Legacy Financial Strategies, LLC 13.54% of their portfolio OVERLAND PARK, KS 557,865557.9k $40.5m $40.5m 13.54% Added +8.3k +8,283
68 Summit Asset Management, LLC 10.49% of their portfolio MEMPHIS, TN 547,846547.8k $39.8m $39.8m 10.49% Added +7.0k +6,976
69 Davidson Capital Management Inc. 19.57% of their portfolio CORPUS CHRISTI, TX 540,204540.2k $39.2m $39.2m 19.57% Added +4.8k +4,846
70 JNBA Financial Advisors 4.70% of their portfolio BLOOMINGTON, MN 540,022540.0k $39.2m $39.2m 4.70% Added +131.1k +131,133
71 TimeScale Financial, Inc. 8.43% of their portfolio DANVERS, MA 537,919537.9k $39.1m $39.1m 8.43% Added +2.3k +2,258
72 HB Wealth Management, LLC 0.62% of their portfolio Atlanta, GA 530,687530.7k $38.5m $38.5m 0.62% Reduced -4.4k -4,380
73 JANICZEK WEALTH MANAGEMENT, LLC 10.54% of their portfolio DENVER, CO 527,737527.7k $38.3m $38.3m 10.54% Reduced -37.0k -37,008
74 SECURIAN ASSET MANAGEMENT, INC 0.98% of their portfolio ST PAUL, MN 527,000527.0k $38.3m $38.3m 0.98% Reduced -331.0k -331,000
75 Atria Wealth Solutions, Inc. 0.51% of their portfolio NEW YORK, NY 514,357514.4k $37.4m $37.4m 0.51% Reduced -41.8k -41,817
76 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 511,188511.2k $37.1m $37.1m 0.01% Reduced -498.2k -498,164
77 SVB WEALTH LLC 0.66% of their portfolio BOSTON, MA 503,911503.9k $36.6m $36.6m 0.66% Reduced -632.3k -632,273
78 Whelan Financial 18.83% of their portfolio FRESNO, CA 496,037496.0k $36.0m $36.0m 18.83% Added +9.7k +9,736
79 Spinnaker Investment Group, LLC 11.73% of their portfolio Newport Beach, CA 489,108489.1k $35.6m $35.6m 11.73% Added +18.2k +18,191
80 Marquette Asset Management, LLC 8.69% of their portfolio MINNEAPOLIS, MN 482,030482.0k $35.0m $35.0m 8.69% Reduced -3.6k -3,602
81 Integrated Wealth Concepts LLC 0.59% of their portfolio WALTHAM, MA 470,802470.8k $34.2m $34.2m 0.59% Added +67.6k +67,573
82 NewEdge Advisors, LLC 0.38% of their portfolio NEW ORLEANS, LA 468,771468.8k $34.0m $34.0m 0.38% Added +164 +164
83 American Trust 2.17% of their portfolio LEXINGTON, KY 452,677452.7k $32.9m $32.9m 2.17% Added +73.8k +73,752
84 Sunburst Financial Group, LLC 11.47% of their portfolio VESTAVIA HILLS, AL 452,616452.6k $32.9m $32.9m 11.47% Added +11.2k +11,180
85 Scott Capital Advisors, LLC 14.14% of their portfolio PORTLAND, OR 452,530452.5k $32.9m $32.9m 14.14% Added +21.4k +21,378
86 ESL Trust Services, LLC 10.23% of their portfolio ROCHESTER, NY 448,453448.5k $32.6m $32.6m 10.23% Reduced -2.1k -2,086
87 Kellett Wealth Advisors, LLC 29.37% of their portfolio CINCINNATI, OH 445,272445.3k $32.3m $32.3m 29.37% Reduced -11.3k -11,288
88 Soltis Investment Advisors LLC 3.70% of their portfolio ST. GEORGE, UT 438,218438.2k $31.8m $31.8m 3.70% Added +69.8k +69,830
89 WFA Asset Management Corp 18.69% of their portfolio WHITEFISH BAY, WI 434,073434.1k $31.5m $31.5m 18.69% Added +9.9k +9,934
90 AE Wealth Management LLC 0.19% of their portfolio TOPEKA, KS 425,310425.3k $30.9m $30.9m 0.19% Added +178.3k +178,319
91 Wealth Management Solutions, LLC 19.92% of their portfolio EXTON, PA 420,617420.6k $30.5m $30.5m 19.92% Reduced -31.5k -31,488
92 ADAMSBROWN WEALTH CONSULTANTS LLC 15.99% of their portfolio WICHITA, KS 416,865416.9k $30.3m $30.3m 15.99% Added +25.6k +25,584
93 Evergreen Advisors, LLC 10.55% of their portfolio CHATTANOOGA, TN 411,182411.2k $29.9m $29.9m 10.55% Added +14.5k +14,452
94 Beacon Pointe Advisors, LLC 0.48% of their portfolio NEWPORT BEACH, CA 401,405401.4k $29.1m $29.1m 0.48% Added +32.7k +32,696
95 Main Street Financial Solutions, LLC 3.92% of their portfolio NEWTOWN, PA 400,480400.5k $29.1m $29.1m 3.92% Added +22.1k +22,110
96 Cedar Wealth Management, LLC 11.23% of their portfolio LA JOLLA, CA 400,143400.1k $29.1m $29.1m 11.23% Added +22.9k +22,924
97 FOUNDERS FINANCIAL SECURITIES LLC 3.84% of their portfolio TOWSON, MD 399,995400.0k $29.0m $29.0m 3.84% Added +137.7k +137,727
98 James J. Burns & Company, LLC 7.28% of their portfolio MELVILLE, NY 395,437395.4k $28.7m $28.7m 7.28% Added +19.2k +19,157
99 Reliant Wealth Planning 17.26% of their portfolio LOUISVILLE, KY 393,996394.0k $28.6m $28.6m 17.26% Reduced -11.4k -11,417
100 Principle Wealth Partners LLC 2.85% of their portfolio MADISON, CT 389,974390.0k $28.3m $28.3m 2.85% Added +25.9k +25,852