Vault-13

SCHWAB STRATEGIC TR SCHD

US DIVIDEND EQ · ETP · CUSIP 808524797

1,531 institutional holders +139 vs Q3 2023
280,444,904280.4m shares reported held*
$21.4bnreported value*
110 new 598 added 577 reduced 67 sold out net bought ≈ $360.4m (+4.7m 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 ($34.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $76.32. Options: 7 managers hold calls ($137.6m notional), 8 hold puts ($60.0m).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

01k2kQ3 22: 1,166Q4 22: 1,330Q1 23: 1,352Q2 23: 1,386Q3 23: 1,392Q4 23: 1,5311,531Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 20221,166
Q4 20221,330
Q1 20231,352
Q2 20231,386
Q3 20231,392
Q4 20231,531

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 23Q4 23: 708 bought or addedQ4 23: 644 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022827331
Q1 2023801460
Q2 2023759541
Q3 2023766552
Q4 2023708644

Calls vs puts

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

CallsPuts
$0$50m$100m$150mQ1 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 0.61Q4 23 calls: $137.6mQ4 23 puts: $60.0mQ4 23P/C 0.44
Numbers
QuarterCallsPutsP/C
Q1 2023$93.4m$49.3m0.53
Q2 2023$117.6m$68.1m0.58
Q3 2023$89.6m$54.3m0.61
Q4 2023$137.6m$60.0m0.44

Biggest buyers

MORGAN STANLEY Added +8,408,045+8.4m
BANK OF AMERICA CORP /DE/ Added +4,418,090+4.4m
SUMITOMO LIFE INSURANCE CO New +3,000,000+3.0m
JPMORGAN CHASE & CO Added +2,921,130+2.9m
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Added +1,348,703+1.3m
Japan Science & Technology Agency New +970,000+970.0k
DDD Partners, LLC Added +484,167+484.2k
HARBOUR INVESTMENTS, INC. Added +472,635+472.6k
BOKF, NA Added +405,803+405.8k
Segment Wealth Management, LLC New +344,840+344.8k

Biggest sellers

Strategic Investment Solutions, Inc. /IL Reduced -7,179,404-7.2m
Wealthfront Advisers LLC Reduced -2,498,343-2.5m
Cresset Asset Management, LLC Reduced -1,218,725-1.2m
OSAIC HOLDINGS, INC. Reduced -1,082,050-1.1m
Parallel Advisors, LLC Reduced -973,951-974.0k
Rezny Wealth Management, Inc. Reduced -624,550-624.5k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Reduced -584,627-584.6k
Dechtman Wealth Management, LLC Reduced -437,716-437.7k
James J. Burns & Company, LLC Sold out -406,207-406.2k
Davidson Capital Management Inc. Reduced -372,174-372.2k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $102.7m1.3m shares
CITADEL ADVISORS LLC Added $23.2m304.4k shares
WOLVERINE TRADING, LLC Reduced $7.1m93.5k shares
GTS SECURITIES LLC Added $3.0m39.7k shares
CAPITAL FUND MANAGEMENT S.A. Reduced $1.3m16.5k shares
Cutler Group LLC / CA Reduced $252.0k52.8k shares
HAP Trading, LLC New $50.0k15.5k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $29.2m383.1k shares
CITADEL ADVISORS LLC Added $19.0m249.6k shares
WOLVERINE TRADING, LLC Added $7.7m101.2k shares
Greytown Advisors Inc. Unchanged $2.0m26.7k shares
GTS SECURITIES LLC Added $1.1m15.0k shares
CAPITAL FUND MANAGEMENT S.A. Reduced $898.3k11.8k shares
Cutler Group LLC / CA Added $15.0k59.2k shares
FNY Investment Advisers, LLC New $2.0k30 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, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.06% of their portfolio NEW YORK, NY 16,550,78416.6m $1.3bn $1.3bn 0.06% Added +8.4m +8,408,045
2 BANK OF AMERICA CORP /DE/ 0.12% of their portfolio CHARLOTTE, NC 13,634,12513.6m $1.0bn $1.0bn 0.12% Added +4.4m +4,418,090
3 LPL Financial LLC 0.53% of their portfolio FORT MILL, SC 11,470,45811.5m $873.2m $873.2m 0.53% Added +197.9k +197,923
4 Charles Schwab Investment Advisory, Inc. 1.06% of their portfolio SAN FRANCISCO, CA 9,680,8689.7m $737.0m $737.0m 1.06% Added +45.0k +45,013
5 AMERIPRISE FINANCIAL INC 0.18% of their portfolio MINNEAPOLIS, MN 7,885,0117.9m $603.8m $603.8m 0.18% Added +148.4k +148,374
6 AVANTAX ADVISORY SERVICES, INC. 5.65% of their portfolio DALLAS, TX 7,475,6997.5m $569.1m $569.1m 5.65% Added +16.7k +16,715
7 JPMORGAN CHASE & CO 0.03% of their portfolio NEW YORK, NY 7,270,1387.3m $553.5m $553.5m 0.03% Added +2.9m +2,921,130
8 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.57% of their portfolio MILWAUKEE, WI 6,605,7716.6m $502.9m $502.9m 0.57% Reduced -584.6k -584,627
9 ENVESTNET ASSET MANAGEMENT INC 0.18% of their portfolio Berwyn, PA 5,741,9395.7m $437.1m $437.1m 0.18% Reduced -36.7k -36,687
10 Wealthfront Advisers LLC 1.54% of their portfolio Palo Alto, CA 5,282,8605.3m $402.2m $402.2m 1.54% Reduced -2.5m -2,498,343
11 Wealthspire Advisors, LLC 5.62% of their portfolio NEW YORK, NY 5,195,2855.2m $395.5m $395.5m 5.62% Reduced -226.6k -226,598
12 Raymond James Financial Services Advisors, Inc. 0.63% of their portfolio ST. PETERSBURG, FL 5,107,6415.1m $388.8m $388.8m 0.63% Reduced -80.9k -80,915
13 UBS Group AG 0.14% of their portfolio ZURICH, V8 4,689,3094.7m $357.0m $357.0m 0.14% Reduced -207.7k -207,713
14 ROYAL BANK OF CANADA 0.08% of their portfolio TORONTO, A6 4,464,2084.5m $339.9m $339.9m 0.08% Added +183.3k +183,325
15 OSAIC HOLDINGS, INC. 0.58% of their portfolio SCOTTSDALE, AZ 4,356,1194.4m $331.7m $331.7m 0.58% Reduced -1.1m -1,082,050
16 COMMONWEALTH EQUITY SERVICES, LLC 0.58% of their portfolio WALTHAM, MA 4,151,9514.2m $316.1m $316.1m 0.58% Reduced -270.9k -270,856
17 Orgel Wealth Management, LLC 9.26% of their portfolio ALTOONA, WI 4,114,7814.1m $313.3m $313.3m 9.26% Added +16.9k +16,858
18 WELLS FARGO & COMPANY/MN 0.08% of their portfolio SAN FRANCISCO, CA 3,652,2983.7m $278.0m $278.0m 0.08% Added +235.9k +235,941
19 Avantax Planning Partners, Inc. 10.34% of their portfolio DUBUQUE, IA 3,565,7293.6m $271.5m $271.5m 10.34% Reduced -73.3k -73,251
20 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.71% of their portfolio PLYMOUTH, MN 3,228,9383.2m $245.8m $245.8m 0.71% Added +1.3m +1,348,703
21 Merit Financial Group, LLC 7.14% of their portfolio ALPHARETTA, GA 3,083,5353.1m $234.7m $234.7m 7.14% Reduced -50.7k -50,734
22 SUMITOMO LIFE INSURANCE CO 7.10% of their portfolio TOKYO, M0 3,000,0003.0m $228.4m $228.4m 7.10% New
23 Corient Private Wealth LP 0.31% of their portfolio MIAMI, FL 2,201,4232.2m $167.6m $167.6m 0.31% Added +54.8k +54,786
24 Cambridge Investment Research Advisors, Inc. 0.71% of their portfolio FAIRFIELD, IA 2,175,2312.2m $165.6m $165.6m 0.71% Added +102.4k +102,398
25 Mariner, LLC 0.38% of their portfolio Overland Park, KS 2,083,6012.1m $158.6m $158.6m 0.38% Reduced -96.2k -96,170
26 RAYMOND JAMES & ASSOCIATES 0.11% of their portfolio ST PETERSBURG, FL 2,002,0772.0m $152.4m $152.4m 0.11% Added +101.9k +101,865
27 HighTower Advisors, LLC 0.21% of their portfolio CHICAGO, IL 1,669,3041.7m $127.1m $127.1m 0.21% Reduced -204.8k -204,784
28 Keystone Financial Planning, Inc. 41.57% of their portfolio CLEVELAND, OH 1,652,7741.7m $125.8m $125.8m 41.57% Reduced -28.0k -28,013
29 Cassaday & Co Wealth Management LLC 4.30% of their portfolio MCLEAN, VA 1,630,0761.6m $124.1m $124.1m 4.30% Added +27.4k +27,445
30 MML INVESTORS SERVICES, LLC 0.53% of their portfolio SPRINGFIELD, MA 1,511,7861.5m $115.1m $115.1m 0.53% Added +123.2k +123,211
31 HHM Wealth Advisors, LLC 19.82% of their portfolio CHATTANOOGA, TN 1,494,8911.5m $113.8m $113.8m 19.82% Added +51.1k +51,126
32 TRUIST FINANCIAL CORP 0.17% of their portfolio CHARLOTTE, NC 1,382,0621.4m $105.2m $105.2m 0.17% Reduced -2.2k -2,208
33 Cetera Investment Advisers 0.85% of their portfolio SCHAUMBURG, IL 1,374,4451.4m $104.6m $104.6m 0.85% Reduced -300.6k -300,640
34 Asset Advisors Investment Management, LLC 12.15% of their portfolio AUGUSTA, GA 1,306,9581.3m $99.5m $99.5m 12.15% Added +14.3k +14,259
35 KEYBANK NATIONAL ASSOCIATION/OH 0.44% of their portfolio BROOKLYN, OH 1,299,8081.3m $99.0m $99.0m 0.44% Reduced -93.1k -93,100
36 CWM, LLC 0.52% of their portfolio OMAHA, NE 1,266,4361.3m $96.4m $96.4m 0.52% Reduced -95.7k -95,652
37 FOCUS FINANCIAL NETWORK INC /ADV 3.60% of their portfolio Minneapolis, MN 1,258,7861.3m $95.8m $95.8m 3.60% First filing
38 Creative Planning 0.18% of their portfolio OVERLAND PARK, KS 1,256,4461.3m $95.7m $95.7m 0.18% Reduced -94.6k -94,563
39 Kestra Advisory Services, LLC 0.77% of their portfolio AUSTIN, TX 1,250,8171.3m $95.2m $95.2m 0.77% Added +88.0k +87,983
40 FIFTH THIRD BANCORP 0.40% of their portfolio CINCINNATI, OH 1,241,9821.2m $94.6m $94.6m 0.40% Reduced -244.4k -244,429
41 Baird Financial Group, Inc. 0.20% of their portfolio MILWAUKEE, WI 1,162,1061.2m $88.5m $88.5m 0.20% Added +234.0k +234,023
42 CENTRAL TRUST Co 2.33% of their portfolio JEFFERSON CITY, MO 1,149,9271.1m $87.5m $87.5m 2.33% Reduced -143.7k -143,734
43 Cerity Partners LLC 0.29% of their portfolio NEW YORK, NY 1,131,4821.1m $86.1m $86.1m 0.29% Added +99.4k +99,385
44 Cullen/Frost Bankers, Inc. 1.31% of their portfolio San Antonio, TX 1,091,5281.1m $83.1m $83.1m 1.31% Added +141.0k +141,030
45 Fiduciary Trust Co 1.34% of their portfolio Boston, MA 1,051,5271.1m $80.1m $80.1m 1.34% Reduced -145.6k -145,625
46 LVW Advisors, LLC 14.94% of their portfolio PITTSFORD, NY 1,047,6711.0m $79.8m $79.8m 14.94% Added +145.6k +145,562
47 D.A. DAVIDSON & CO. 0.77% of their portfolio GREAT FALLS, MT 1,030,4871.0m $78.5m $78.5m 0.77% Added +25.2k +25,174
48 Granite Bay Wealth Management, LLC 0.65% of their portfolio PORTSMOUTH, NH 1,017,0041.0m $72.6m $72.6m 0.65% Added +6.0k +5,989
49 Japan Science & Technology Agency 0.81% of their portfolio TOKYO, M0 970,000970.0k $73.8m $73.8m 0.81% New
50 STIFEL FINANCIAL CORP 0.09% of their portfolio ST. LOUIS, MO 888,556888.6k $67.6m $67.6m 0.09% Reduced -134.6k -134,552
51 Syntrinsic LLC 21.75% of their portfolio DENVER, CO 830,564830.6k $63.2m $63.2m 21.75% Reduced -34.9k -34,863
52 Valmark Advisers, Inc. 1.09% of their portfolio AKRON, OH 767,575767.6k $58.4m $58.4m 1.09% Added +12.7k +12,715
53 Bouchey Financial Group, Ltd. 6.24% of their portfolio TROY, NY 764,912764.9k $58.2m $58.2m 6.24% Added +73.7k +73,731
54 BOKF, NA 1.10% of their portfolio TULSA, OK 740,111740.1k $56.3m $56.3m 1.10% Added +405.8k +405,803
55 CVA Family Office, LLC 10.84% of their portfolio DENVER, CO 730,444730.4k $55.6m $55.6m 10.84% Reduced -46.4k -46,367
56 HARBOUR INVESTMENTS, INC. 2.29% of their portfolio MADISON, WI 726,554726.6k $55.3m $55.3m 2.29% Added +472.6k +472,635
57 Marquette Asset Management, LLC 9.75% of their portfolio MINNEAPOLIS, MN 695,084695.1k $52.9m $52.9m 9.75% Added +141.8k +141,787
58 Gerber Kawasaki Wealth & Investment Management 3.08% of their portfolio SANTA MONICA, CA 675,997676.0k $51.5m $51.5m 3.08% Reduced -84.3k -84,300
59 Cetera Advisor Networks LLC 0.28% of their portfolio EL SEGUNDO, CA 653,911653.9k $49.8m $49.8m 0.28% Reduced -62.2k -62,180
60 PINNACLE ASSOCIATES LTD 0.81% of their portfolio NEW YORK, NY 635,170635.2k $48.4m $48.4m 0.81% Reduced -18.8k -18,838
61 AE Wealth Management LLC 0.25% of their portfolio TOPEKA, KS 635,002635.0k $48.9m $48.9m 0.25% Added +121.9k +121,860
62 Private Advisor Group, LLC 0.37% of their portfolio MORRISTOWN, NJ 625,405625.4k $47.6m $47.6m 0.37% Reduced -177.3k -177,321
63 Kohmann Bosshard Financial Services, LLC 7.19% of their portfolio FAIRLAWN, OH 619,909619.9k $47.2m $47.2m 7.19% Reduced -15.8k -15,755
64 CGC Financial Services, LLC 21.43% of their portfolio LAKE OSWEGO, OR 614,177614.2k $46.8m $46.8m 21.43% Reduced -60.1k -60,097
65 HOWARD FINANCIAL SERVICES, LTD. 8.93% of their portfolio DALLAS, TX 607,580607.6k $46.3m $46.3m 8.93% Reduced -10.3k -10,341
66 Thrivent Financial for Lutherans 0.10% of their portfolio Minneapolis, MN 594,623594.6k $45.3m $45.3m 0.10% Reduced -152.4k -152,373
67 Ameritas Advisory Services, LLC 2.41% of their portfolio Lincoln, NE 572,617572.6k $43.7m $43.7m 2.41% Reduced -280.7k -280,745
68 Summit Asset Management, LLC 10.28% of their portfolio MEMPHIS, TN 564,447564.4k $43.0m $43.0m 10.28% Added +11.5k +11,456
69 Dechtman Wealth Management, LLC 11.20% of their portfolio CENTENNIAL, CO 559,592559.6k $42.6m $42.6m 11.20% Reduced -437.7k -437,716
70 Cresset Asset Management, LLC 0.25% of their portfolio Chicago, IL 547,805547.8k $41.7m $41.7m 0.25% Reduced -1.2m -1,218,725
71 Reliant Wealth Planning 20.08% of their portfolio LOUISVILLE, KY 543,270543.3k $41.4m $41.4m 20.08% Added +46.5k +46,521
72 Cetera Advisors LLC 0.57% of their portfolio DENVER, CO 536,340536.3k $40.8m $40.8m 0.57% Reduced -129.5k -129,451
73 Whelan Financial 18.84% of their portfolio FRESNO, CA 530,393530.4k $40.4m $40.4m 18.84% Added +19.2k +19,164
74 SECURIAN ASSET MANAGEMENT, INC 1.14% of their portfolio ST PAUL, MN 527,000527.0k $40.1m $40.1m 1.14% Unchanged
75 HB Wealth Management, LLC 0.56% of their portfolio Atlanta, GA 512,754512.8k $39.0m $39.0m 0.56% Reduced -16.0k -15,980
76 Spinnaker Investment Group, LLC 11.79% of their portfolio Newport Beach, CA 510,057510.1k $38.8m $38.8m 11.79% Reduced -5.9k -5,876
77 Legacy Financial Strategies, LLC 10.85% of their portfolio OVERLAND PARK, KS 500,096500.1k $38.1m $38.1m 10.85% Added +4.5k +4,538
78 Scott Capital Advisors, LLC 12.66% of their portfolio PORTLAND, OR 495,641495.6k $37.7m $37.7m 12.66% Reduced -2.0k -2,037
79 American Trust 2.78% of their portfolio LEXINGTON, KY 495,321495.3k $37.7m $37.7m 2.78% Added +27.6k +27,551
80 Atria Wealth Solutions, Inc. 0.47% of their portfolio NEW YORK, NY 488,450488.4k $37.2m $37.2m 0.47% Reduced -26.7k -26,728
81 DDD Partners, LLC 5.00% of their portfolio BELLEVUE, WA 488,148488.1k $37.2m $37.2m 5.00% Added +484.2k +484,167
82 BURKETT FINANCIAL SERVICES, LLC 20.53% of their portfolio ROCK HILL, SC 484,124484.1k $36.9m $36.9m 20.53% First filing
83 JANICZEK WEALTH MANAGEMENT, LLC 8.90% of their portfolio DENVER, CO 483,981484.0k $36.8m $36.8m 8.90% Reduced -36.5k -36,474
84 FOUNDERS FINANCIAL SECURITIES LLC 4.07% of their portfolio TOWSON, MD 481,722481.7k $36.7m $36.7m 4.07% Added +52.8k +52,844
85 ESL Trust Services, LLC 10.54% of their portfolio ROCHESTER, NY 479,613479.6k $36.5m $36.5m 10.54% Reduced -284 -284
86 Soltis Investment Advisors LLC 4.10% of their portfolio ST. GEORGE, UT 477,095477.1k $36.3m $36.3m 4.10% Added +37.1k +37,101
87 JNBA Financial Advisors 4.04% of their portfolio BLOOMINGTON, MN 466,890466.9k $35.5m $35.5m 4.04% Reduced -55.8k -55,766
88 Principle Wealth Partners LLC 3.05% of their portfolio MADISON, CT 465,248465.2k $35.4m $35.4m 3.05% Added +81 +81
89 Beacon Pointe Advisors, LLC 0.42% of their portfolio NEWPORT BEACH, CA 461,461461.5k $35.1m $35.1m 0.42% Reduced -19.1k -19,106
90 Sunburst Financial Group, LLC 10.55% of their portfolio VESTAVIA HILLS, AL 447,779447.8k $34.1m $34.1m 10.55% Reduced -10.6k -10,597
91 WFA Asset Management Corp 18.53% of their portfolio WHITEFISH BAY, WI 445,850445.9k $33.9m $33.9m 18.53% Added +2.3k +2,255
92 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 436,521436.5k $33.2m $33.2m 0.01% Reduced -3.4k -3,372
93 Wealthcare Advisory Partners LLC 1.30% of their portfolio WEST CHESTER, PA 430,699430.7k $32.8m $32.8m 1.30% Added +46.9k +46,936
94 Qube Research & Technologies Ltd 0.07% of their portfolio LONDON, X0 427,863427.9k $32.6m $32.6m 0.07% Added +50.5k +50,461
95 ADAMSBROWN WEALTH CONSULTANTS LLC 14.17% of their portfolio WICHITA, KS 427,518427.5k $32.5m $32.5m 14.17% Added +14.4k +14,375
96 Main Street Financial Solutions, LLC 4.20% of their portfolio NEWTOWN, PA 427,372427.4k $32.5m $32.5m 4.20% Added +19.7k +19,690
97 True Link Financial Advisors, LLC 3.48% of their portfolio SAN FRANCISCO, CA 422,667422.7k $32.2m $32.2m 3.48% Added +75.8k +75,755
98 Evergreen Advisors, LLC 10.41% of their portfolio CHATTANOOGA, TN 421,435421.4k $32.1m $32.1m 10.41% Added +6.3k +6,287
99 Cedar Wealth Management, LLC 11.66% of their portfolio LA JOLLA, CA 420,670420.7k $32.0m $32.0m 11.66% Added +7.5k +7,533
100 Steele Capital Management, Inc. 2.07% of their portfolio DUBUQUE, IA 418,619418.6k $31.9m $31.9m 2.07% First filing