Vault-13

SCHWAB STRATEGIC TR SCHD

US DIVIDEND EQ · ETP · CUSIP 808524797

1,570 institutional holders +39 vs Q4 2023
286,782,336286.8m shares reported held*
$23.1bnreported value*
124 new 733 added 539 reduced 86 sold out net bought ≈ $388.9m (+5.0m 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 ($29.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $80.59. Options: 9 managers hold calls ($154.4m notional), 8 hold puts ($54.0m).

Trends to Q1 2024

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: 1,531Q1 24: 1,5701,570Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 20221,166
Q4 20221,330
Q1 20231,352
Q2 20231,386
Q3 20231,392
Q4 20231,531
Q1 20241,570

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 23Q1 24: 857 bought or addedQ1 24: 625 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022827331
Q1 2023801460
Q2 2023759541
Q3 2023766552
Q4 2023708644
Q1 2024857625

Calls vs puts

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

CallsPuts
$0$50m$100m$150m$200mQ2 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 0.44Q1 24 calls: $154.4mQ1 24 puts: $54.0mQ1 24P/C 0.35
Numbers
QuarterCallsPutsP/C
Q2 2023$117.6m$68.1m0.58
Q3 2023$89.6m$54.3m0.61
Q4 2023$137.6m$60.0m0.44
Q1 2024$154.4m$54.0m0.35

Biggest buyers

MORGAN STANLEY Added +10,888,836+10.9m
SUMITOMO LIFE INSURANCE CO Added +3,320,000+3.3m
Cresset Asset Management, LLC Added +1,270,080+1.3m
Diversified, LLC Added +938,356+938.4k
Cetera Investment Advisers Added +729,602+729.6k
Raymond James Financial Services Advisors, Inc. Added +604,844+604.8k
Richardson Capital Management LLC Added +433,280+433.3k
Summit Financial Wealth Advisors, LLC Added +384,179+384.2k
WELLS FARGO & COMPANY/MN Added +366,120+366.1k
ENVESTNET ASSET MANAGEMENT INC Added +359,916+359.9k

Biggest sellers

BANK OF AMERICA CORP /DE/ Reduced -6,429,254-6.4m
Merit Financial Group, LLC Reduced -2,396,243-2.4m
AMERIPRISE FINANCIAL INC Reduced -1,209,459-1.2m
Granite Bay Wealth Management, LLC Reduced -1,001,690-1.0m
Corient Private Wealth LP Reduced -790,677-790.7k
ROYAL BANK OF CANADA Reduced -657,704-657.7k
Cetera Advisor Networks LLC Sold out -653,911-653.9k
LPL Financial LLC Reduced -629,196-629.2k
AE Wealth Management LLC Reduced -541,683-541.7k
Cetera Advisors LLC Sold out -536,340-536.3k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $125.7m1.6m shares
CITADEL ADVISORS LLC Reduced $13.0m161.8k shares
WOLVERINE TRADING, LLC Reduced $7.1m88.0k shares
Twin Tree Management, LP New $4.3m53.4k shares
GTS SECURITIES LLC Reduced $2.9m36.5k shares
CAPITAL FUND MANAGEMENT S.A. Reduced $1.1m14.1k shares
Cutler Group LLC / CA Reduced $128.0k26.9k shares
HAP Trading, LLC Reduced $75.3k10.4k shares
Destination Wealth Management New $832100 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $21.9m271.1k shares
Twin Tree Management, LP New $14.0m173.7k shares
CITADEL ADVISORS LLC Reduced $11.2m139.0k shares
WOLVERINE TRADING, LLC Reduced $5.2m64.2k shares
CAPITAL FUND MANAGEMENT S.A. Reduced $846.6k10.5k shares
GTS SECURITIES LLC Reduced $612.8k7.6k shares
Cubist Systematic Strategies, LLC New $266.1k3.3k shares
Cutler Group LLC / CA Reduced $3.0k46.0k 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 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.06% of their portfolio NEW YORK, NY 27,439,62027.4m $2.2bn $2.2bn 0.06% Added +10.9m +10,888,836
2 LPL Financial LLC 0.47% of their portfolio FORT MILL, SC 10,841,26210.8m $874.1m $874.1m 0.47% Reduced -629.2k -629,196
3 Charles Schwab Investment Advisory, Inc. 1.08% of their portfolio SAN FRANCISCO, CA 9,721,3619.7m $783.8m $783.8m 1.08% Added +40.5k +40,493
4 AVANTAX ADVISORY SERVICES, INC. 5.56% of their portfolio DALLAS, TX 7,775,1957.8m $626.9m $626.9m 5.56% Added +299.5k +299,496
5 JPMORGAN CHASE & CO 0.03% of their portfolio NEW YORK, NY 7,590,1367.6m $612.0m $612.0m 0.03% Added +320.0k +319,998
6 BANK OF AMERICA CORP /DE/ 0.06% of their portfolio CHARLOTTE, NC 7,204,8717.2m $580.9m $580.9m 0.06% Reduced -6.4m -6,429,254
7 AMERIPRISE FINANCIAL INC 0.15% of their portfolio MINNEAPOLIS, MN 6,675,5526.7m $541.2m $541.2m 0.15% Reduced -1.2m -1,209,459
8 SUMITOMO LIFE INSURANCE CO 12.24% of their portfolio TOKYO, M0 6,320,0006.3m $471.4m $471.4m 12.24% Added +3.3m +3,320,000
9 ENVESTNET ASSET MANAGEMENT INC 0.18% of their portfolio Berwyn, PA 6,101,8556.1m $492.0m $492.0m 0.18% Added +359.9k +359,916
10 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.50% of their portfolio MILWAUKEE, WI 6,085,0296.1m $490.6m $490.6m 0.50% Reduced -520.7k -520,742
11 Raymond James Financial Services Advisors, Inc. 0.68% of their portfolio ST. PETERSBURG, FL 5,712,4855.7m $460.6m $460.6m 0.68% Added +604.8k +604,844
12 Wealthfront Advisers LLC 1.44% of their portfolio Palo Alto, CA 5,116,5935.1m $412.6m $412.6m 1.44% Reduced -166.3k -166,267
13 Wealthspire Advisors, LLC 5.42% of their portfolio NEW YORK, NY 5,035,3455.0m $406.0m $406.0m 5.42% Reduced -159.9k -159,940
14 UBS Group AG 0.12% of their portfolio ZURICH, V8 4,694,9684.7m $378.6m $378.6m 0.12% Added +5.7k +5,659
15 COMMONWEALTH EQUITY SERVICES, LLC 0.60% of their portfolio WALTHAM, MA 4,444,7334.4m $358.4m $358.4m 0.60% Added +292.8k +292,782
16 OSAIC HOLDINGS, INC. 0.76% of their portfolio SCOTTSDALE, AZ 4,195,7804.2m $338.3m $338.3m 0.76% Reduced -160.3k -160,339
17 Orgel Wealth Management, LLC 9.18% of their portfolio ALTOONA, WI 4,152,8014.2m $334.8m $334.8m 9.18% Added +38.0k +38,020
18 WELLS FARGO & COMPANY/MN 0.09% of their portfolio SAN FRANCISCO, CA 4,018,4184.0m $324.0m $324.0m 0.09% Added +366.1k +366,120
19 ROYAL BANK OF CANADA 0.07% of their portfolio TORONTO, A6 3,806,5043.8m $306.9m $306.9m 0.07% Reduced -657.7k -657,704
20 Avantax Planning Partners, Inc. 9.40% of their portfolio DUBUQUE, IA 3,598,0143.6m $290.1m $290.1m 9.40% Added +32.3k +32,285
21 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.70% of their portfolio PLYMOUTH, MN 3,375,6403.4m $272.2m $272.2m 0.70% Added +146.7k +146,702
22 Cambridge Investment Research Advisors, Inc. 0.70% of their portfolio FAIRFIELD, IA 2,269,3722.3m $183.0m $183.0m 0.70% Added +94.1k +94,141
23 Mariner, LLC 0.37% of their portfolio Overland Park, KS 2,240,6402.2m $180.7m $180.7m 0.37% Added +157.0k +157,039
24 Cetera Investment Advisers 0.40% of their portfolio SCHAUMBURG, IL 2,104,0472.1m $169.6m $169.6m 0.40% Added +729.6k +729,602
25 RAYMOND JAMES & ASSOCIATES 0.11% of their portfolio ST PETERSBURG, FL 1,928,7801.9m $155.5m $155.5m 0.11% Reduced -73.3k -73,297
26 Charles Schwab Trust Bank 100.00% of their portfolio HENDERSON, NV 1,820,4391.8m $146.8m $146.8m 100.00% First filing
27 Cresset Asset Management, LLC 0.71% of their portfolio Chicago, IL 1,817,8851.8m $146.6m $146.6m 0.71% Added +1.3m +1,270,080
28 Cassaday & Co Wealth Management LLC 4.43% of their portfolio MCLEAN, VA 1,688,2881.7m $136.1m $136.1m 4.43% Added +58.2k +58,212
29 HighTower Advisors, LLC 0.21% of their portfolio CHICAGO, IL 1,646,0311.6m $132.7m $132.7m 0.21% Reduced -23.3k -23,273
30 MML INVESTORS SERVICES, LLC 0.52% of their portfolio SPRINGFIELD, MA 1,559,7361.6m $125.8m $125.8m 0.52% Added +48.0k +47,950
31 Keystone Financial Planning, Inc. 39.90% of their portfolio CLEVELAND, OH 1,525,9581.5m $123.0m $123.0m 39.90% Reduced -126.8k -126,816
32 HHM Wealth Advisors, LLC 19.80% of their portfolio CHATTANOOGA, TN 1,491,6621.5m $120.3m $120.3m 19.80% Reduced -3.2k -3,229
33 TRUIST FINANCIAL CORP 0.17% of their portfolio CHARLOTTE, NC 1,430,9311.4m $115.4m $115.4m 0.17% Added +48.9k +48,869
34 Corient Private Wealth LP 0.20% of their portfolio MIAMI, FL 1,410,7461.4m $113.7m $113.7m 0.20% Reduced -790.7k -790,677
35 Kestra Advisory Services, LLC 0.73% of their portfolio AUSTIN, TX 1,347,3791.3m $108.6m $108.6m 0.73% Added +96.6k +96,562
36 Creative Planning 0.12% of their portfolio OVERLAND PARK, KS 1,299,7091.3m $104.8m $104.8m 0.12% Added +43.3k +43,263
37 Asset Advisors Investment Management, LLC 11.57% of their portfolio AUGUSTA, GA 1,280,1001.3m $103.2m $103.2m 11.57% Reduced -26.9k -26,858
38 KEYBANK NATIONAL ASSOCIATION/OH 0.42% of their portfolio BROOKLYN, OH 1,273,4151.3m $102.7m $102.7m 0.42% Reduced -26.4k -26,393
39 Cullen/Frost Bankers, Inc. 1.51% of their portfolio San Antonio, TX 1,261,6651.3m $101.7m $101.7m 1.51% Added +170.1k +170,137
40 CWM, LLC 0.48% of their portfolio OMAHA, NE 1,213,0081.2m $97.8m $97.8m 0.48% Reduced -53.4k -53,428
41 Baird Financial Group, Inc. 0.20% of their portfolio MILWAUKEE, WI 1,178,3671.2m $95.0m $95.0m 0.20% Added +16.3k +16,261
42 FIFTH THIRD BANCORP 0.37% of their portfolio CINCINNATI, OH 1,176,2031.2m $94.8m $94.8m 0.37% Reduced -65.8k -65,779
43 LVW Advisors, LLC 15.65% of their portfolio PITTSFORD, NY 1,146,1751.1m $92.4m $92.4m 15.65% Added +98.5k +98,504
44 Diversified, LLC 12.52% of their portfolio Wilmington, DE 1,128,5811.1m $91.0m $91.0m 12.52% Added +938.4k +938,356
45 Cerity Partners LLC 0.24% of their portfolio NEW YORK, NY 1,124,4001.1m $90.6m $90.6m 0.24% Reduced -7.1k -7,082
46 CENTRAL TRUST Co 2.16% of their portfolio JEFFERSON CITY, MO 1,074,6941.1m $86.7m $86.7m 2.16% Reduced -75.2k -75,233
47 D.A. DAVIDSON & CO. 0.76% of their portfolio GREAT FALLS, MT 1,052,5521.1m $84.9m $84.9m 0.76% Added +22.1k +22,065
48 Focus Financial Network, Inc. 3.77% of their portfolio MINNEAPOLIS, MN 1,020,6601.0m $77.4m $77.4m 3.77% First filing
49 Japan Science & Technology Agency 0.97% of their portfolio TOKYO, M0 970,000970.0k $78.2m $78.2m 0.97% Unchanged
50 STIFEL FINANCIAL CORP 0.08% of their portfolio ST. LOUIS, MO 878,872878.9k $70.9m $70.9m 0.08% Reduced -9.7k -9,684
51 Ameritas Advisory Services, LLC 2.87% of their portfolio Lincoln, NE 878,746878.7k $69.8m $69.8m 2.87% Added +306.1k +306,129
52 Syntrinsic LLC 22.83% of their portfolio DENVER, CO 844,679844.7k $68.1m $68.1m 22.83% Added +14.1k +14,115
53 Valmark Advisers, Inc. 1.15% of their portfolio AKRON, OH 821,820821.8k $66.3m $66.3m 1.15% Added +54.2k +54,245
54 Bouchey Financial Group, Ltd. 6.46% of their portfolio TROY, NY 813,668813.7k $65.6m $65.6m 6.46% Added +48.8k +48,756
55 HARBOUR INVESTMENTS, INC. 2.20% of their portfolio MADISON, WI 770,035770.0k $62.1m $62.1m 2.20% Added +43.5k +43,481
56 CVA Family Office, LLC 10.68% of their portfolio DENVER, CO 741,560741.6k $59.8m $59.8m 10.68% Added +11.1k +11,116
57 Berger Financial Group, Inc 4.70% of their portfolio PLYMOUTH, MN 707,217707.2k $57.0m $57.0m 4.70% Added +326.1k +326,056
58 Fiduciary Trust Co 0.85% of their portfolio Boston, MA 689,982690.0k $55.6m $55.6m 0.85% Reduced -361.5k -361,545
59 Merit Financial Group, LLC 1.28% of their portfolio ALPHARETTA, GA 687,292687.3k $53.6m $53.6m 1.28% Reduced -2.4m -2,396,243
60 CGC Financial Services, LLC 28.71% of their portfolio LAKE OSWEGO, OR 680,082680.1k $54.8m $54.8m 28.71% Added +65.9k +65,905
61 Gerber Kawasaki Wealth & Investment Management 2.87% of their portfolio SANTA MONICA, CA 659,370659.4k $53.2m $53.2m 2.87% Reduced -16.6k -16,627
62 Marquette Asset Management, LLC 9.16% of their portfolio MINNEAPOLIS, MN 655,395655.4k $52.8m $52.8m 9.16% Reduced -39.7k -39,689
63 PINNACLE ASSOCIATES LTD 0.82% of their portfolio NEW YORK, NY 642,890642.9k $51.8m $51.8m 0.82% Added +7.7k +7,720
64 HOWARD FINANCIAL SERVICES, LTD. 8.37% of their portfolio DALLAS, TX 602,247602.2k $48.6m $48.6m 8.37% Reduced -5.3k -5,333
65 Steward Partners Investment Advisory, LLC 0.53% of their portfolio STAMFORD, CT 597,341597.3k $48.2m $48.2m 0.53% Added +192.7k +192,662
66 Private Advisor Group, LLC 0.34% of their portfolio MORRISTOWN, NJ 589,179589.2k $47.5m $47.5m 0.34% Reduced -36.2k -36,226
67 Reliant Wealth Planning 22.66% of their portfolio LOUISVILLE, KY 587,504587.5k $47.4m $47.4m 22.66% Added +44.2k +44,234
68 Summit Asset Management, LLC 10.06% of their portfolio MEMPHIS, TN 581,645581.6k $46.9m $46.9m 10.06% Added +17.2k +17,198
69 Thrivent Financial for Lutherans 0.09% of their portfolio Minneapolis, MN 566,186566.2k $45.7m $45.7m 0.09% Reduced -28.4k -28,437
70 Kohmann Bosshard Financial Services, LLC 6.34% of their portfolio FAIRLAWN, OH 564,699564.7k $45.5m $45.5m 6.34% Reduced -55.2k -55,210
71 ESL Trust Services, LLC 11.83% of their portfolio ROCHESTER, NY 560,526560.5k $45.2m $45.2m 11.83% Added +80.9k +80,913
72 Summit Financial Wealth Advisors, LLC 8.79% of their portfolio Lafayette, LA 538,000538.0k $43.4m $43.4m 8.79% Added +384.2k +384,179
73 SECURIAN ASSET MANAGEMENT, INC 1.25% of their portfolio ST PAUL, MN 527,000527.0k $42.5m $42.5m 1.25% Unchanged
74 Whelan Financial 19.32% of their portfolio FRESNO, CA 524,757524.8k $42.3m $42.3m 19.32% Reduced -5.6k -5,636
75 Principle Wealth Partners LLC 3.30% of their portfolio MADISON, CT 524,442524.4k $42.3m $42.3m 3.30% Added +59.2k +59,194
76 Spinnaker Investment Group, LLC 11.74% of their portfolio Newport Beach, CA 518,384518.4k $41.8m $41.8m 11.74% Added +8.3k +8,327
77 Legacy Financial Strategies, LLC 10.67% of their portfolio OVERLAND PARK, KS 513,647513.6k $41.4m $41.4m 10.67% Added +13.6k +13,551
78 Scott Capital Advisors, LLC 12.38% of their portfolio PORTLAND, OR 511,249511.2k $40.7m $40.7m 12.38% Added +15.6k +15,608
79 HB Wealth Management, LLC 0.51% of their portfolio Atlanta, GA 501,549501.5k $40.4m $40.4m 0.51% Reduced -11.2k -11,205
80 BURKETT FINANCIAL SERVICES, LLC 20.58% of their portfolio ROCK HILL, SC 495,121495.1k $39.9m $39.9m 20.58% Added +11.0k +10,997
81 JNBA Financial Advisors 4.16% of their portfolio BLOOMINGTON, MN 491,361491.4k $39.6m $39.6m 4.16% Added +24.5k +24,471
82 JANICZEK WEALTH MANAGEMENT, LLC 8.25% of their portfolio DENVER, CO 480,603480.6k $38.8m $38.8m 8.25% Reduced -3.4k -3,378
83 Beacon Pointe Advisors, LLC 0.43% of their portfolio NEWPORT BEACH, CA 480,558480.6k $38.7m $38.7m 0.43% Added +19.1k +19,097
84 True Link Financial Advisors, LLC 3.61% of their portfolio SAN FRANCISCO, CA 466,355466.4k $37.6m $37.6m 3.61% Added +43.7k +43,688
85 ADAMSBROWN WEALTH CONSULTANTS LLC 15.12% of their portfolio WICHITA, KS 463,347463.3k $37.4m $37.4m 15.12% Added +35.8k +35,829
86 Dechtman Wealth Management, LLC 8.66% of their portfolio CENTENNIAL, CO 460,593460.6k $37.1m $37.1m 8.66% Reduced -99.0k -98,999
87 Main Street Financial Solutions, LLC 3.94% of their portfolio NEWTOWN, PA 458,086458.1k $36.9m $36.9m 3.94% Added +30.7k +30,714
88 Cedar Wealth Management, LLC 11.99% of their portfolio LA JOLLA, CA 451,956452.0k $36.4m $36.4m 11.99% Added +31.3k +31,286
89 Wealthcare Advisory Partners LLC 1.17% of their portfolio WEST CHESTER, PA 444,372444.4k $35.8m $35.8m 1.17% Added +13.7k +13,673
90 Steele Capital Management, Inc. 2.03% of their portfolio DUBUQUE, IA 438,363438.4k $35.3m $35.3m 2.03% Added +19.7k +19,744
91 Atria Wealth Solutions, Inc. 0.40% of their portfolio NEW YORK, NY 436,428436.4k $35.2m $35.2m 0.40% Reduced -52.0k -52,022
92 Richardson Capital Management LLC 28.57% of their portfolio MENOMONEE FALLS, WI 433,465433.5k $35.0m $35.0m 28.57% Added +433.3k +433,280
93 Evergreen Advisors, LLC 10.57% of their portfolio CHATTANOOGA, TN 429,265429.3k $34.6m $34.6m 10.57% Added +7.8k +7,830
94 Sunburst Financial Group, LLC 9.68% of their portfolio VESTAVIA HILLS, AL 427,118427.1k $34.2m $34.2m 9.68% Reduced -20.7k -20,661
95 Venture Visionary Partners LLC 1.61% of their portfolio Sylvania, OH 420,995421.0k $33.9m $33.9m 1.61% Added +20.8k +20,816
96 FOUNDERS FINANCIAL SECURITIES LLC 3.53% of their portfolio TOWSON, MD 417,466417.5k $33.7m $33.7m 3.53% Reduced -64.3k -64,256
97 BOKF, NA 0.61% of their portfolio TULSA, OK 417,347417.3k $33.4m $33.4m 0.61% Reduced -322.8k -322,764
98 WFA Asset Management Corp 17.59% of their portfolio WHITEFISH BAY, WI 417,295417.3k $33.6m $33.6m 17.59% Reduced -28.6k -28,555
99 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 417,191417.2k $33.6m $33.6m 0.01% Reduced -19.3k -19,330
100 Cornerstone Planning Group LLC 10.00% of their portfolio FAIRFIELD, NJ 412,214412.2k $32.1m $32.1m 10.00% Added +27.2k +27,192