Vault-13

SCHWAB STRATEGIC TR SCHD

US DIVIDEND EQ · ETP · CUSIP 808524797

1,392 institutional holders +6 vs Q2 2023
272,211,094272.2m shares reported held*
$19.3bnreported value*
86 new 680 added 473 reduced 79 sold out net bought ≈ $941.1m (+13.4m 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 ($24.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $70.90. Options: 6 managers hold calls ($89.6m notional), 7 hold puts ($54.3m).

Trends to Q3 2023

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 1,166Q4 22: 1,330Q1 23: 1,352Q2 23: 1,386Q3 23: 1,3921,392Q3 22Q4 22Q1 23Q2 23Q3 23
Numbers
QuarterHolders
Q3 20221,166
Q4 20221,330
Q1 20231,352
Q2 20231,386
Q3 20231,392

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 23Q3 23: 766 bought or addedQ3 23: 552 cut or sold outQ3 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022827331
Q1 2023801460
Q2 2023759541
Q3 2023766552

Calls vs puts

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

CallsPuts
$0$50m$100m$150mQ4 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 0.58Q3 23 calls: $89.6mQ3 23 puts: $54.3mQ3 23P/C 0.61
Numbers
QuarterCallsPutsP/C
Q4 2022$99.5m$49.3m0.50
Q1 2023$93.4m$49.3m0.53
Q2 2023$117.6m$68.1m0.58
Q3 2023$89.6m$54.3m0.61

Biggest buyers

Strategic Investment Solutions, Inc. /IL Added +7,250,412+7.3m
BANK OF AMERICA CORP /DE/ Added +1,847,560+1.8m
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Added +1,611,718+1.6m
Granite Bay Wealth Management, LLC New +1,011,015+1.0m
OSAIC HOLDINGS, INC. Added +742,598+742.6k
Ameritas Advisory Services, LLC Added +579,598+579.6k
LPL Financial LLC Added +503,970+504.0k
HighTower Advisors, LLC Added +476,951+477.0k
ROYAL BANK OF CANADA Added +451,744+451.7k
Qube Research & Technologies Ltd Added +374,399+374.4k

Biggest sellers

AMERIPRISE FINANCIAL INC Reduced -1,362,392-1.4m
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Reduced -829,875-829.9k
Bard Financial Services, Inc. Sold out -733,696-733.7k
Thrivent Financial for Lutherans Reduced -673,246-673.2k
Parallel Advisors, LLC Reduced -412,704-412.7k
CWM, LLC Reduced -406,497-406.5k
IAM Advisory, LLC Sold out -315,102-315.1k
Wealthfront Advisers LLC Reduced -307,897-307.9k
Veritable, L.P. Sold out -299,132-299.1k
Hennion & Walsh Asset Management, Inc. Reduced -278,440-278.4k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $63.3m895.0k shares
CITADEL ADVISORS LLC Reduced $13.7m193.6k shares
WOLVERINE TRADING, LLC Reduced $7.6m106.9k shares
GTS SECURITIES LLC New $2.7m38.1k shares
CAPITAL FUND MANAGEMENT S.A. Reduced $2.3m32.6k shares
Cutler Group LLC / CA Added $25.0k68.7k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $31.7m448.1k shares
CITADEL ADVISORS LLC Added $13.4m189.4k shares
WOLVERINE TRADING, LLC Added $4.2m58.8k shares
CAPITAL FUND MANAGEMENT S.A. Reduced $2.2m31.3k shares
Greytown Advisors Inc. New $1.9m26.7k shares
GTS SECURITIES LLC New $849.1k12.0k shares
Cutler Group LLC / CA Added $72.0k51.1k 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, Q3 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LPL Financial LLC 0.56% of their portfolio FORT MILL, SC 11,272,53511.3m $797.6m $797.6m 0.56% Added +504.0k +503,970
2 Charles Schwab Investment Advisory, Inc. 1.08% of their portfolio SAN FRANCISCO, CA 9,635,8559.6m $681.8m $681.8m 1.08% Reduced -64.9k -64,908
3 BANK OF AMERICA CORP /DE/ 0.08% of their portfolio CHARLOTTE, NC 9,216,0359.2m $652.1m $652.1m 0.08% Added +1.8m +1,847,560
4 MORGAN STANLEY 0.06% of their portfolio NEW YORK, NY 8,142,7398.1m $576.2m $576.2m 0.06% Reduced -23.9k -23,862
5 Wealthfront Advisers LLC 2.37% of their portfolio Palo Alto, CA 7,781,2037.8m $550.6m $550.6m 2.37% Reduced -307.9k -307,897
6 AMERIPRISE FINANCIAL INC 0.18% of their portfolio MINNEAPOLIS, MN 7,736,6377.7m $545.9m $545.9m 0.18% Reduced -1.4m -1,362,392
7 AVANTAX ADVISORY SERVICES, INC. 5.91% of their portfolio DALLAS, TX 7,458,9847.5m $527.8m $527.8m 5.91% Added +266.5k +266,516
8 Strategic Investment Solutions, Inc. /IL 6.71% of their portfolio ORLAND PARK, IL 7,382,4137.4m $543.9m $543.9m 6.71% Added +7.3m +7,250,412
9 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.66% of their portfolio MILWAUKEE, WI 7,190,3987.2m $508.8m $508.8m 0.66% Reduced -829.9k -829,875
10 ENVESTNET ASSET MANAGEMENT INC 0.19% of their portfolio Berwyn, PA 5,778,6265.8m $408.9m $408.9m 0.19% Added +145.2k +145,168
11 OSAIC HOLDINGS, INC. 0.57% of their portfolio SCOTTSDALE, AZ 5,438,1695.4m $384.8m $384.8m 0.57% Added +742.6k +742,598
12 Wealthspire Advisors, LLC 6.34% of their portfolio NEW YORK, NY 5,421,8835.4m $383.7m $383.7m 6.34% Reduced -232.3k -232,256
13 Raymond James Financial Services Advisors, Inc. 0.67% of their portfolio ST. PETERSBURG, FL 5,188,5565.2m $367.1m $367.1m 0.67% Added +96.2k +96,234
14 UBS Group AG 0.16% of their portfolio ZURICH, V8 4,897,0224.9m $346.5m $346.5m 0.16% Reduced -89.0k -88,955
15 COMMONWEALTH EQUITY SERVICES, LLC 0.65% of their portfolio WALTHAM, MA 4,422,8074.4m $313.0m $313.0m 0.65% Added +348.7k +348,710
16 JPMORGAN CHASE & CO 0.04% of their portfolio NEW YORK, NY 4,349,0084.3m $307.7m $307.7m 0.04% Added +95.1k +95,086
17 ROYAL BANK OF CANADA 0.09% of their portfolio TORONTO, A6 4,280,8834.3m $302.9m $302.9m 0.09% Added +451.7k +451,744
18 Orgel Wealth Management, LLC 9.80% of their portfolio ALTOONA, WI 4,097,9234.1m $290.0m $290.0m 9.80% Reduced -31.4k -31,370
19 Avantax Planning Partners, Inc. 10.77% of their portfolio DUBUQUE, IA 3,638,9803.6m $257.5m $257.5m 10.77% Added +16.8k +16,823
20 WELLS FARGO & COMPANY/MN 0.08% of their portfolio SAN FRANCISCO, CA 3,416,3573.4m $241.7m $241.7m 0.08% Reduced -105.9k -105,859
21 Merit Financial Group, LLC 7.27% of their portfolio ALPHARETTA, GA 3,134,2693.1m $221.8m $221.8m 7.27% Added +112.3k +112,286
22 Mariner, LLC 0.41% of their portfolio Overland Park, KS 2,179,7712.2m $154.2m $154.2m 0.41% Added +79.1k +79,108
23 Corient Private Wealth LP 0.35% of their portfolio MIAMI, FL 2,146,6372.1m $151.9m $151.9m 0.35% Added +30.3k +30,272
24 Cambridge Investment Research Advisors, Inc. 0.68% of their portfolio FAIRFIELD, IA 2,072,8332.1m $146.7m $146.7m 0.68% Reduced -44.9k -44,911
25 RAYMOND JAMES & ASSOCIATES 0.11% of their portfolio ST PETERSBURG, FL 1,900,2121.9m $134.5m $134.5m 0.11% Added +212.5k +212,476
26 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.44% of their portfolio PLYMOUTH, MN 1,880,2351.9m $133.0m $133.0m 0.44% Added +1.6m +1,611,718
27 HighTower Advisors, LLC 0.25% of their portfolio CHICAGO, IL 1,874,0881.9m $132.5m $132.5m 0.25% Added +477.0k +476,951
28 Cresset Asset Management, LLC 0.87% of their portfolio Chicago, IL 1,766,5301.8m $125.0m $125.0m 0.87% Added +56.3k +56,259
29 Keystone Financial Planning, Inc. 41.55% of their portfolio CLEVELAND, OH 1,680,7871.7m $118.9m $118.9m 41.55% Added +3.7k +3,745
30 Cetera Investment Advisers 1.02% of their portfolio SCHAUMBURG, IL 1,675,0851.7m $118.5m $118.5m 1.02% Reduced -12.0k -11,984
31 Cassaday & Co Wealth Management LLC 4.74% of their portfolio MCLEAN, VA 1,602,6311.6m $113.4m $113.4m 4.74% Added +26.7k +26,698
32 FIFTH THIRD BANCORP 0.49% of their portfolio CINCINNATI, OH 1,486,4111.5m $105.2m $105.2m 0.49% Reduced -88.8k -88,837
33 HHM Wealth Advisors, LLC 19.96% of their portfolio CHATTANOOGA, TN 1,443,7651.4m $102.2m $102.2m 19.96% Added +62.3k +62,295
34 KEYBANK NATIONAL ASSOCIATION/OH 0.47% of their portfolio BROOKLYN, OH 1,392,9081.4m $98.6m $98.6m 0.47% Reduced -112.2k -112,163
35 MML INVESTORS SERVICES, LLC 0.54% of their portfolio SPRINGFIELD, MA 1,388,5751.4m $98.3m $98.3m 0.54% Added +5.2k +5,248
36 TRUIST FINANCIAL CORP 0.16% of their portfolio CHARLOTTE, NC 1,384,2701.4m $98.0m $98.0m 0.16% Added +23.9k +23,947
37 CWM, LLC 0.59% of their portfolio OMAHA, NE 1,362,0881.4m $96.4m $96.4m 0.59% Reduced -406.5k -406,497
38 Creative Planning 0.13% of their portfolio OVERLAND PARK, KS 1,351,0091.4m $95.6m $95.6m 0.13% Added +94.1k +94,126
39 CENTRAL TRUST Co 2.64% of their portfolio JEFFERSON CITY, MO 1,293,6611.3m $91.5m $91.5m 2.64% Reduced -110.3k -110,327
40 Asset Advisors Investment Management, LLC 12.30% of their portfolio AUGUSTA, GA 1,292,6991.3m $91.5m $91.5m 12.30% Reduced -18.9k -18,859
41 Focus Financial Network, Inc. 5.05% of their portfolio MINNEAPOLIS, MN 1,265,4571.3m $89.5m $89.5m 5.05% Added +17.4k +17,385
42 Parallel Advisors, LLC 2.90% of their portfolio SAN FRANCISCO, CA 1,229,1881.2m $87.0m $87.0m 2.90% Reduced -412.7k -412,704
43 Fiduciary Trust Co 1.55% of their portfolio Boston, MA 1,197,1521.2m $84.7m $84.7m 1.55% Added +96.3k +96,274
44 Kestra Advisory Services, LLC 0.81% of their portfolio AUSTIN, TX 1,162,8341.2m $82.3m $82.3m 0.81% Added +65.3k +65,261
45 Cerity Partners LLC 0.36% of their portfolio NEW YORK, NY 1,032,0971.0m $73.0m $73.0m 0.36% Added +31.5k +31,517
46 STIFEL FINANCIAL CORP 0.10% of their portfolio ST. LOUIS, MO 1,023,1081.0m $72.4m $72.4m 0.10% Reduced -32.4k -32,360
47 Granite Bay Wealth Management, LLC 0.73% of their portfolio PORTSMOUTH, NH 1,011,0151.0m $74.4m $74.4m 0.73% New
48 D.A. DAVIDSON & CO. 0.77% of their portfolio GREAT FALLS, MT 1,005,3131.0m $71.1m $71.1m 0.77% Added +16.2k +16,202
49 Dechtman Wealth Management, LLC 20.90% of their portfolio CENTENNIAL, CO 997,308997.3k $70.6m $70.6m 20.90% Reduced -92.4k -92,375
50 Cullen/Frost Bankers, Inc. 1.17% of their portfolio San Antonio, TX 950,498950.5k $67.3m $67.3m 1.17% Added +158.2k +158,236
51 Baird Financial Group, Inc. 0.18% of their portfolio MILWAUKEE, WI 928,083928.1k $65.7m $65.7m 0.18% Added +282.1k +282,147
52 LVW Advisors, LLC 13.64% of their portfolio PITTSFORD, NY 902,109902.1k $63.8m $63.8m 13.64% Added +143.5k +143,502
53 Rezny Wealth Management, Inc. 22.42% of their portfolio Fort Myers, FL 900,063900.1k $63.7m $63.7m 22.42% Reduced -57.6k -57,601
54 Syntrinsic LLC 28.89% of their portfolio DENVER, CO 865,427865.4k $61.2m $61.2m 28.89% First filing
55 Ameritas Advisory Services, LLC 3.01% of their portfolio Lincoln, NE 853,362853.4k $60.3m $60.3m 3.01% Added +579.6k +579,598
56 Private Advisor Group, LLC 0.51% of their portfolio MORRISTOWN, NJ 802,726802.7k $56.8m $56.8m 0.51% Added +59.0k +58,986
57 CVA Family Office, LLC 12.54% of their portfolio DENVER, CO 776,811776.8k $55.0m $55.0m 12.54% Reduced -1.1k -1,093
58 Gerber Kawasaki Wealth & Investment Management 3.66% of their portfolio SANTA MONICA, CA 760,297760.3k $53.8m $53.8m 3.66% Added +3.8k +3,849
59 Valmark Advisers, Inc. 1.11% of their portfolio AKRON, OH 754,860754.9k $53.4m $53.4m 1.11% Reduced -15.5k -15,452
60 Thrivent Financial for Lutherans 0.13% of their portfolio Minneapolis, MN 746,996747.0k $53.0m $53.0m 0.13% Reduced -673.2k -673,246
61 Cetera Advisor Networks LLC 0.32% of their portfolio EL SEGUNDO, CA 716,091716.1k $50.7m $50.7m 0.32% Added +27.4k +27,397
62 Bouchey Financial Group, Ltd. 6.00% of their portfolio TROY, NY 691,181691.2k $48.9m $48.9m 6.00% Added +76.9k +76,884
63 CGC Financial Services, LLC 33.36% of their portfolio LAKE OSWEGO, OR 674,274674.3k $47.7m $47.7m 33.36% Reduced -16.0k -16,017
64 Cetera Advisors LLC 0.74% of their portfolio DENVER, CO 665,791665.8k $47.1m $47.1m 0.74% Added +22.1k +22,130
65 J.P. Morgan Private Wealth Advisors LLC 0.13% of their portfolio SAN FRANCISCO, CA 659,633659.6k $46.7m $46.7m 0.13% Reduced -10.6k -10,551
66 PINNACLE ASSOCIATES LTD 0.86% of their portfolio NEW YORK, NY 654,008654.0k $46.3m $46.3m 0.86% Reduced -627 -627
67 Kohmann Bosshard Financial Services, LLC 7.75% of their portfolio FAIRLAWN, OH 635,664635.7k $45.0m $45.0m 7.75% Reduced -24.4k -24,400
68 HOWARD FINANCIAL SERVICES, LTD. 10.03% of their portfolio DALLAS, TX 617,921617.9k $43.7m $43.7m 10.03% Added +12.5k +12,512
69 Marquette Asset Management, LLC 9.29% of their portfolio MINNEAPOLIS, MN 553,297553.3k $39.2m $39.2m 9.29% Added +71.3k +71,267
70 Summit Asset Management, LLC 10.63% of their portfolio MEMPHIS, TN 552,991553.0k $39.1m $39.1m 10.63% Added +5.1k +5,145
71 HB Wealth Management, LLC 0.60% of their portfolio Atlanta, GA 528,734528.7k $37.4m $37.4m 0.60% Reduced -2.0k -1,953
72 SECURIAN ASSET MANAGEMENT, INC 1.11% of their portfolio ST PAUL, MN 527,000527.0k $37.3m $37.3m 1.11% Unchanged
73 JNBA Financial Advisors 4.62% of their portfolio BLOOMINGTON, MN 522,656522.7k $37.0m $37.0m 4.62% Reduced -17.4k -17,366
74 JANICZEK WEALTH MANAGEMENT, LLC 9.71% of their portfolio DENVER, CO 520,455520.5k $36.8m $36.8m 9.71% Reduced -7.3k -7,282
75 Spinnaker Investment Group, LLC 12.27% of their portfolio Newport Beach, CA 515,933515.9k $36.5m $36.5m 12.27% Added +26.8k +26,825
76 Atria Wealth Solutions, Inc. 0.51% of their portfolio NEW YORK, NY 515,178515.2k $36.5m $36.5m 0.51% Added +821 +821
77 AE Wealth Management LLC 0.22% of their portfolio TOPEKA, KS 513,142513.1k $36.3m $36.3m 0.22% Added +87.8k +87,832
78 Whelan Financial 19.08% of their portfolio FRESNO, CA 511,229511.2k $36.2m $36.2m 19.08% Added +15.2k +15,192
79 Scott Capital Advisors, LLC 14.11% of their portfolio PORTLAND, OR 497,678497.7k $35.4m $35.4m 14.11% Added +45.1k +45,148
80 Reliant Wealth Planning 18.65% of their portfolio LOUISVILLE, KY 496,749496.7k $35.1m $35.1m 18.65% Added +102.8k +102,753
81 Legacy Financial Strategies, LLC 11.08% of their portfolio OVERLAND PARK, KS 495,558495.6k $34.5m $34.5m 11.08% Reduced -62.3k -62,307
82 OneDigital Investment Advisors LLC 0.75% of their portfolio OVERLAND PARK, KS 487,760487.8k $34.5m $34.5m 0.75% Reduced -274.2k -274,177
83 Beacon Pointe Advisors, LLC 0.42% of their portfolio NEWPORT BEACH, CA 480,567480.6k $34.0m $34.0m 0.42% Added +79.2k +79,162
84 ESL Trust Services, LLC 10.82% of their portfolio ROCHESTER, NY 479,897479.9k $34.0m $34.0m 10.82% Added +31.4k +31,444
85 AXXCESS WEALTH MANAGEMENT, LLC 1.16% of their portfolio CARLSBAD, CA 479,442479.4k $33.9m $33.9m 1.16% Added +153.2k +153,229
86 NewEdge Advisors, LLC 0.37% of their portfolio NEW ORLEANS, LA 471,509471.5k $33.4m $33.4m 0.37% Added +2.7k +2,738
87 American Trust 2.56% of their portfolio LEXINGTON, KY 467,770467.8k $33.1m $33.1m 2.56% Added +15.1k +15,093
88 Principle Wealth Partners LLC 3.31% of their portfolio MADISON, CT 465,167465.2k $32.9m $32.9m 3.31% Added +75.2k +75,193
89 Sunburst Financial Group, LLC 11.44% of their portfolio VESTAVIA HILLS, AL 458,376458.4k $32.4m $32.4m 11.44% Added +5.8k +5,760
90 CAPTRUST FINANCIAL ADVISORS 0.12% of their portfolio RALEIGH, NC 454,798454.8k $32.2m $32.2m 0.12% Added +93.7k +93,719
91 WFA Asset Management Corp 18.62% of their portfolio WHITEFISH BAY, WI 443,595443.6k $31.4m $31.4m 18.62% Added +9.5k +9,522
92 Soltis Investment Advisors LLC 4.01% of their portfolio ST. GEORGE, UT 439,994440.0k $31.1m $31.1m 4.01% Added +1.8k +1,776
93 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 439,893439.9k $31.1m $31.1m 0.01% Reduced -71.3k -71,295
94 FOUNDERS FINANCIAL SECURITIES LLC 3.93% of their portfolio TOWSON, MD 428,878428.9k $30.3m $30.3m 3.93% Added +28.9k +28,883
95 Kellett Wealth Advisors, LLC 25.21% of their portfolio CINCINNATI, OH 415,824415.8k $29.4m $29.4m 25.21% Reduced -29.4k -29,448
96 Evergreen Advisors, LLC 10.60% of their portfolio CHATTANOOGA, TN 415,148415.1k $29.4m $29.4m 10.60% Added +4.0k +3,966
97 Wealth Management Solutions, LLC 20.08% of their portfolio EXTON, PA 413,874413.9k $29.3m $29.3m 20.08% Reduced -6.7k -6,743
98 ADAMSBROWN WEALTH CONSULTANTS LLC 14.40% of their portfolio WICHITA, KS 413,143413.1k $29.2m $29.2m 14.40% Reduced -3.7k -3,722
99 Cedar Wealth Management, LLC 11.56% of their portfolio LA JOLLA, CA 413,137413.1k $29.2m $29.2m 11.56% Added +13.0k +12,994
100 Main Street Financial Solutions, LLC 4.09% of their portfolio NEWTOWN, PA 407,682407.7k $28.8m $28.8m 4.09% Added +7.2k +7,202