Vault-13

SCHWAB STRATEGIC TR SCHD

US DIVIDEND EQ · ETP · CUSIP 808524797

1,561 institutional holders -9 vs Q1 2024
266,806,423266.8m shares reported held*
$20.5bnreported value*
78 new 667 added 560 reduced 99 sold out net sold ≈ $1.8bn (-20.4m 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 ($28.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $76.86. Options: 8 managers hold calls ($115.9m notional), 8 hold puts ($54.0m).

Trends to Q2 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: 1,570Q2 24: 1,5611,561Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 20221,166
Q4 20221,330
Q1 20231,352
Q2 20231,386
Q3 20231,392
Q4 20231,531
Q1 20241,570
Q2 20241,561

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 outQ2 23: 759 bought or addedQ2 23: 541 cut or sold outQ2 23Q3 23: 766 bought or addedQ3 23: 552 cut or sold outQ4 23: 708 bought or addedQ4 23: 644 cut or sold outQ4 23Q1 24: 857 bought or addedQ1 24: 625 cut or sold outQ2 24: 745 bought or addedQ2 24: 659 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022827331
Q1 2023801460
Q2 2023759541
Q3 2023766552
Q4 2023708644
Q1 2024857625
Q2 2024745659

Calls vs puts

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

CallsPuts
$0$50m$100m$150m$200mQ3 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 0.35Q2 24 calls: $115.9mQ2 24 puts: $54.0mQ2 24P/C 0.47
Numbers
QuarterCallsPutsP/C
Q3 2023$89.6m$54.3m0.61
Q4 2023$137.6m$60.0m0.44
Q1 2024$154.4m$54.0m0.35
Q2 2024$115.9m$54.0m0.47

Biggest buyers

CHARLES SCHWAB INVESTMENT MANAGEMENT INC Added +9,755,531+9.8m
Strategic Financial Concepts, LLC Added +3,056,451+3.1m
SUMITOMO LIFE INSURANCE CO Added +2,620,000+2.6m
AVANTAX ADVISORY SERVICES, INC. Added +496,274+496.3k
BANK OF AMERICA CORP /DE/ Added +386,386+386.4k
Allworth Financial LP Added +354,414+354.4k
LPL Financial LLC Added +339,256+339.3k
ASSETMARK, INC Added +332,832+332.8k
UBS Group AG Added +313,280+313.3k
Focus Partners Wealth Added +309,380+309.4k

Biggest sellers

MORGAN STANLEY Reduced -18,168,734-18.2m
Charles Schwab Investment Advisory, Inc. Sold out -9,721,361-9.7m
JPMORGAN CHASE & CO Reduced -4,663,640-4.7m
ROYAL BANK OF CANADA Reduced -1,013,264-1.0m
OSAIC HOLDINGS, INC. Reduced -825,477-825.5k
AMERIPRISE FINANCIAL INC Reduced -546,735-546.7k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -460,515-460.5k
Dechtman Wealth Management, LLC Reduced -442,606-442.6k
CENTRAL TRUST Co Reduced -420,705-420.7k
Qube Research & Technologies Ltd Sold out -387,874-387.9k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $74.1m953.5k shares
CITADEL ADVISORS LLC Added $22.7m292.1k shares
WOLVERINE TRADING, LLC Added $7.9m102.0k shares
CAPITAL FUND MANAGEMENT S.A. Added $4.2m53.4k shares
Cubist Systematic Strategies, LLC New $3.8m48.7k shares
GTS SECURITIES LLC Reduced $2.5m32.0k shares
Parallax Volatility Advisers, L.P. New $684.3k8.8k shares
Twin Tree Management, LP Reduced $15.6k200 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $39.2m504.6k shares
WOLVERINE TRADING, LLC Added $6.1m78.5k shares
Cubist Systematic Strategies, LLC Added $3.0m38.1k shares
CITADEL ADVISORS LLC Reduced $2.8m36.2k shares
CAPITAL FUND MANAGEMENT S.A. Added $2.2m27.8k shares
GTS SECURITIES LLC Reduced $583.2k7.5k shares
Parallax Volatility Advisers, L.P. New $132.2k1.7k shares
Lido Advisors, LLC New $15.6k200 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 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LPL Financial LLC 0.43% of their portfolio FORT MILL, SC 11,180,51811.2m $869.4m $869.4m 0.43% Added +339.3k +339,256
2 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.15% of their portfolio SAN FRANCISCO, CA 10,172,72210.2m $791.0m $791.0m 0.15% Added +9.8m +9,755,531
3 MORGAN STANLEY 0.06% of their portfolio NEW YORK, NY 9,270,8869.3m $720.9m $720.9m 0.06% Reduced -18.2m -18,168,734
4 SUMITOMO LIFE INSURANCE CO 15.68% of their portfolio TOKYO, M0 8,940,0008.9m $677.6m $677.6m 15.68% Added +2.6m +2,620,000
5 AVANTAX ADVISORY SERVICES, INC. 4.59% of their portfolio DALLAS, TX 8,271,4698.3m $643.2m $643.2m 4.59% Added +496.3k +496,274
6 BANK OF AMERICA CORP /DE/ 0.06% of their portfolio CHARLOTTE, NC 7,591,2577.6m $590.3m $590.3m 0.06% Added +386.4k +386,386
7 AMERIPRISE FINANCIAL INC 0.13% of their portfolio MINNEAPOLIS, MN 6,128,8176.1m $484.3m $484.3m 0.13% Reduced -546.7k -546,735
8 ENVESTNET ASSET MANAGEMENT INC 0.16% of their portfolio Berwyn, PA 6,049,8386.0m $470.4m $470.4m 0.16% Reduced -52.0k -52,017
9 Raymond James Financial Services Advisors, Inc. 0.65% of their portfolio ST. PETERSBURG, FL 5,851,5055.9m $455.0m $455.0m 0.65% Added +139.0k +139,020
10 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.45% of their portfolio MILWAUKEE, WI 5,823,0745.8m $452.8m $452.8m 0.45% Reduced -262.0k -261,955
11 UBS Group AG 0.12% of their portfolio ZURICH, V8 5,008,2485.0m $389.4m $389.4m 0.12% Added +313.3k +313,280
12 Wealthfront Advisers LLC 1.30% of their portfolio Palo Alto, CA 4,962,5345.0m $385.9m $385.9m 1.30% Reduced -154.1k -154,059
13 Wealthspire Advisors, LLC 4.90% of their portfolio NEW YORK, NY 4,922,8674.9m $382.8m $382.8m 4.90% Reduced -112.5k -112,478
14 Orgel Wealth Management, LLC 8.79% of their portfolio ALTOONA, WI 4,186,4834.2m $325.5m $325.5m 8.79% Added +33.7k +33,682
15 COMMONWEALTH EQUITY SERVICES, LLC 0.49% of their portfolio WALTHAM, MA 3,984,2184.0m $309.8m $309.8m 0.49% Reduced -460.5k -460,515
16 WELLS FARGO & COMPANY/MN 0.08% of their portfolio SAN FRANCISCO, CA 3,932,2753.9m $305.8m $305.8m 0.08% Reduced -86.1k -86,143
17 Avantax Planning Partners, Inc. 8.93% of their portfolio DUBUQUE, IA 3,573,6223.6m $277.9m $277.9m 8.93% Reduced -24.4k -24,392
18 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.65% of their portfolio PLYMOUTH, MN 3,527,7013.5m $274.3m $274.3m 0.65% Added +152.1k +152,061
19 OSAIC HOLDINGS, INC. 0.62% of their portfolio SCOTTSDALE, AZ 3,370,3033.4m $262.1m $262.1m 0.62% Reduced -825.5k -825,477
20 Strategic Financial Concepts, LLC 0.99% of their portfolio SAN ANTONIO, TX 3,114,5603.1m $1.7m $1.7m 0.99% Added +3.1m +3,056,451
21 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 2,926,4962.9m $227.6m $227.6m 0.01% Reduced -4.7m -4,663,640
22 ROYAL BANK OF CANADA 0.05% of their portfolio TORONTO, A6 2,793,2402.8m $217.2m $217.2m 0.05% Reduced -1.0m -1,013,264
23 Mariner, LLC 0.33% of their portfolio Overland Park, KS 2,184,5422.2m $169.9m $169.9m 0.33% Reduced -56.1k -56,098
24 Cambridge Investment Research Advisors, Inc. 0.61% of their portfolio FAIRFIELD, IA 2,132,3802.1m $165.8m $165.8m 0.61% Reduced -137.0k -136,992
25 Cetera Investment Advisers 0.35% of their portfolio SCHAUMBURG, IL 1,975,5422.0m $153.6m $153.6m 0.35% Reduced -128.5k -128,505
26 Cresset Asset Management, LLC 0.60% of their portfolio Chicago, IL 1,804,8261.8m $141.8m $141.8m 0.60% Reduced -13.1k -13,059
27 Charles Schwab Trust Bank 100.00% of their portfolio HENDERSON, NV 1,786,2021.8m $138.9m $138.9m 100.00% Reduced -34.2k -34,237
28 Keystone Financial Planning, Inc. 45.40% of their portfolio CLEVELAND, OH 1,764,1331.8m $137.2m $137.2m 45.40% Added +238.2k +238,175
29 Cassaday & Co Wealth Management LLC 4.26% of their portfolio MCLEAN, VA 1,740,6921.7m $135.4m $135.4m 4.26% Added +52.4k +52,404
30 RAYMOND JAMES & ASSOCIATES 0.08% of their portfolio ST PETERSBURG, FL 1,655,2961.7m $128.7m $128.7m 0.08% Reduced -273.5k -273,484
31 HighTower Advisors, LLC 0.20% of their portfolio CHICAGO, IL 1,631,6881.6m $126.9m $126.9m 0.20% Reduced -14.3k -14,343
32 MML INVESTORS SERVICES, LLC 0.51% of their portfolio SPRINGFIELD, MA 1,626,7701.6m $126.5m $126.5m 0.51% Added +67.0k +67,034
33 HHM Wealth Advisors, LLC 17.88% of their portfolio CHATTANOOGA, TN 1,528,1151.5m $118.8m $118.8m 17.88% Added +36.5k +36,453
34 Kestra Advisory Services, LLC 0.66% of their portfolio AUSTIN, TX 1,524,6891.5m $117.7m $117.7m 0.66% Added +177.3k +177,310
35 Creative Planning 0.11% of their portfolio OVERLAND PARK, KS 1,316,8071.3m $102.4m $102.4m 0.11% Added +17.1k +17,098
36 Baird Financial Group, Inc. 0.21% of their portfolio MILWAUKEE, WI 1,287,2581.3m $100.1m $100.1m 0.21% Added +108.9k +108,891
37 Cullen/Frost Bankers, Inc. 1.43% of their portfolio San Antonio, TX 1,266,2251.3m $98.5m $98.5m 1.43% Added +4.6k +4,560
38 Corient Private Wealth LP 0.17% of their portfolio MIAMI, FL 1,257,3301.3m $97.7m $97.7m 0.17% Reduced -153.4k -153,416
39 KEYBANK NATIONAL ASSOCIATION/OH 0.39% of their portfolio BROOKLYN, OH 1,238,2431.2m $96.3m $96.3m 0.39% Reduced -35.2k -35,172
40 Diversified, LLC 10.81% of their portfolio Wilmington, DE 1,183,5191.2m $92.0m $92.0m 10.81% Added +54.9k +54,938
41 LVW Advisors, LLC 13.47% of their portfolio PITTSFORD, NY 1,176,8751.2m $91.5m $91.5m 13.47% Added +30.7k +30,700
42 TRUIST FINANCIAL CORP 0.14% of their portfolio CHARLOTTE, NC 1,158,9181.2m $90.1m $90.1m 0.14% Reduced -272.0k -272,013
43 Cerity Partners LLC 0.24% of their portfolio NEW YORK, NY 1,134,0671.1m $89.0m $89.0m 0.24% Added +9.7k +9,667
44 CWM, LLC 0.41% of their portfolio OMAHA, NE 1,123,4631.1m $87.4m $87.4m 0.41% Reduced -89.5k -89,545
45 FIFTH THIRD BANCORP 0.33% of their portfolio CINCINNATI, OH 1,100,4891.1m $85.6m $85.6m 0.33% Reduced -75.7k -75,714
46 D.A. DAVIDSON & CO. 0.74% of their portfolio GREAT FALLS, MT 1,075,3931.1m $83.6m $83.6m 0.74% Added +22.8k +22,841
47 Asset Advisors Investment Management, LLC 8.85% of their portfolio AUGUSTA, GA 1,045,0391.0m $81.3m $81.3m 8.85% Reduced -235.1k -235,061
48 Focus Financial Network, Inc. 3.52% of their portfolio MINNEAPOLIS, MN 999,883999.9k $82.3m $82.3m 3.52% Reduced -20.8k -20,777
49 Japan Science & Technology Agency 1.05% of their portfolio TOKYO, M0 970,000970.0k $75.4m $75.4m 1.05% Unchanged
50 Ameritas Advisory Services, LLC 2.54% of their portfolio Lincoln, NE 865,824865.8k $67.3m $67.3m 2.54% Reduced -12.9k -12,922
51 Syntrinsic LLC 21.74% of their portfolio DENVER, CO 842,135842.1k $65.5m $65.5m 21.74% Reduced -2.5k -2,544
52 Valmark Advisers, Inc. 1.11% of their portfolio AKRON, OH 838,830838.8k $65.2m $65.2m 1.11% Added +17.0k +17,010
53 STIFEL FINANCIAL CORP 0.07% of their portfolio ST. LOUIS, MO 806,608806.6k $62.7m $62.7m 0.07% Reduced -72.3k -72,264
54 HARBOUR INVESTMENTS, INC. 2.11% of their portfolio MADISON, WI 803,956804.0k $62.5m $62.5m 2.11% Added +33.9k +33,921
55 Berger Financial Group, Inc 4.91% of their portfolio PLYMOUTH, MN 792,999793.0k $61.7m $61.7m 4.91% Added +85.8k +85,782
56 CVA Family Office, LLC 10.57% of their portfolio DENVER, CO 755,098755.1k $58.7m $58.7m 10.57% Added +13.5k +13,538
57 Bouchey Financial Group, Ltd. 5.59% of their portfolio TROY, NY 753,901753.9k $58.8m $58.8m 5.59% Reduced -59.8k -59,767
58 CGC Financial Services, LLC 23.50% of their portfolio LAKE OSWEGO, OR 696,126696.1k $54.1m $54.1m 23.50% Added +16.0k +16,044
59 Marquette Asset Management, LLC 8.89% of their portfolio MINNEAPOLIS, MN 672,258672.3k $52.3m $52.3m 8.89% Added +16.9k +16,863
60 Steward Partners Investment Advisory, LLC 0.54% of their portfolio STAMFORD, CT 654,337654.3k $50.9m $50.9m 0.54% Added +57.0k +56,996
61 CENTRAL TRUST Co 1.25% of their portfolio JEFFERSON CITY, MO 653,989654.0k $50.9m $50.9m 1.25% Reduced -420.7k -420,705
62 PINNACLE ASSOCIATES LTD 0.79% of their portfolio NEW YORK, NY 651,092651.1k $50.6m $50.6m 0.79% Added +8.2k +8,202
63 Gerber Kawasaki Wealth & Investment Management 2.51% of their portfolio SANTA MONICA, CA 644,647644.6k $50.1m $50.1m 2.51% Reduced -14.7k -14,723
64 HOWARD FINANCIAL SERVICES, LTD. 8.01% of their portfolio DALLAS, TX 628,375628.4k $48.9m $48.9m 8.01% Added +26.1k +26,128
65 Focus Partners Wealth 0.16% of their portfolio ST LOUIS, MO 619,696619.7k $48.2m $48.2m 0.16% Added +309.4k +309,380
66 Reliant Wealth Planning 21.71% of their portfolio LOUISVILLE, KY 605,231605.2k $47.1m $47.1m 21.71% Added +17.7k +17,727
67 Summit Asset Management, LLC 9.63% of their portfolio MEMPHIS, TN 598,069598.1k $46.5m $46.5m 9.63% Added +16.4k +16,424
68 ESL Trust Services, LLC 11.11% of their portfolio ROCHESTER, NY 586,534586.5k $45.6m $45.6m 11.11% Added +26.0k +26,008
69 Summit Financial Wealth Advisors, LLC 8.74% of their portfolio Lafayette, LA 554,841554.8k $43.1m $43.1m 8.74% Added +16.8k +16,841
70 Allworth Financial LP 0.29% of their portfolio FOLSOM, CA 549,437549.4k $44.6m $44.6m 0.29% Added +354.4k +354,414
71 Thrivent Financial for Lutherans 0.09% of their portfolio Minneapolis, MN 544,555544.6k $42.3m $42.3m 0.09% Reduced -21.6k -21,631
72 Whelan Financial 18.69% of their portfolio FRESNO, CA 538,157538.2k $41.8m $41.8m 18.69% Added +13.4k +13,400
73 SECURIAN ASSET MANAGEMENT, INC 1.20% of their portfolio ST PAUL, MN 527,000527.0k $41.0m $41.0m 1.20% Unchanged
74 Spinnaker Investment Group, LLC 11.18% of their portfolio Newport Beach, CA 521,543521.5k $40.6m $40.6m 11.18% Added +3.2k +3,159
75 Scott Capital Advisors, LLC 11.83% of their portfolio PORTLAND, OR 519,106519.1k $40.0m $40.0m 11.83% Added +7.9k +7,857
76 Principle Wealth Partners LLC 3.04% of their portfolio MADISON, CT 513,581513.6k $39.9m $39.9m 3.04% Reduced -10.9k -10,861
77 Legacy Financial Strategies, LLC 9.52% of their portfolio OVERLAND PARK, KS 513,262513.3k $39.6m $39.6m 9.52% Reduced -385 -385
78 Private Advisor Group, LLC 0.26% of their portfolio MORRISTOWN, NJ 503,956504.0k $39.2m $39.2m 0.26% Reduced -85.2k -85,223
79 HB Wealth Management, LLC 0.45% of their portfolio Atlanta, GA 499,959500.0k $38.9m $38.9m 0.45% Reduced -1.6k -1,590
80 BURKETT FINANCIAL SERVICES, LLC 19.85% of their portfolio ROCK HILL, SC 497,534497.5k $38.7m $38.7m 19.85% Added +2.4k +2,413
81 Main Street Financial Solutions, LLC 3.55% of their portfolio NEWTOWN, PA 485,052485.1k $37.7m $37.7m 3.55% Added +27.0k +26,966
82 True Link Financial Advisors, LLC 3.47% of their portfolio SAN FRANCISCO, CA 481,262481.3k $37.4m $37.4m 3.47% Added +14.9k +14,907
83 ADAMSBROWN WEALTH CONSULTANTS LLC 14.51% of their portfolio WICHITA, KS 479,299479.3k $37.3m $37.3m 14.51% Added +16.0k +15,952
84 Cedar Wealth Management, LLC 11.68% of their portfolio LA JOLLA, CA 462,695462.7k $36.0m $36.0m 11.68% Added +10.7k +10,739
85 Beacon Pointe Advisors, LLC 0.42% of their portfolio NEWPORT BEACH, CA 455,908455.9k $35.5m $35.5m 0.42% Reduced -24.6k -24,650
86 BOKF, NA 0.63% of their portfolio TULSA, OK 453,502453.5k $35.3m $35.3m 0.63% Added +36.2k +36,155
87 Merit Financial Group, LLC 0.78% of their portfolio ALPHARETTA, GA 453,430453.4k $35.3m $35.3m 0.78% Reduced -233.9k -233,862
88 Atria Wealth Solutions, Inc. 0.39% of their portfolio NEW YORK, NY 449,838449.8k $35.3m $35.3m 0.39% Added +13.4k +13,410
89 Richardson Capital Management LLC 26.89% of their portfolio MENOMONEE FALLS, WI 449,348449.3k $34.9m $34.9m 26.89% Added +15.9k +15,883
90 Evergreen Advisors, LLC 10.36% of their portfolio CHATTANOOGA, TN 445,174445.2k $34.6m $34.6m 10.36% Added +15.9k +15,909
91 Waverly Advisors, LLC 0.68% of their portfolio BIRMINGHAM, AL 443,965444.0k $34.5m $34.5m 0.68% Added +53.3k +53,312
92 NewEdge Advisors, LLC 0.25% of their portfolio NEW ORLEANS, LA 437,970438.0k $34.1m $34.1m 0.25% Added +45.4k +45,388
93 VICTORY FINANCIAL GROUP, LLC 15.82% of their portfolio AUSTIN, TX 434,797434.8k $33.8m $33.8m 15.82% Added +40.8k +40,819
94 Cornerstone Planning Group LLC 9.83% of their portfolio FAIRFIELD, NJ 434,166434.2k $34.3m $34.3m 9.83% Added +22.0k +21,952
95 OLYMPUS WEALTH MANAGEMENT, LLC 10.46% of their portfolio COTTONWOOD HEIGHTS, UT 430,092430.1k $33.4m $33.4m 10.46% Added +192.2k +192,159
96 Equitable Holdings, Inc. 0.35% of their portfolio NEW YORK, NY 429,491429.5k $33.4m $33.4m 0.35% Added +25.9k +25,856
97 Wealthcare Advisory Partners LLC 1.04% of their portfolio WEST CHESTER, PA 429,158429.2k $33.4m $33.4m 1.04% Reduced -15.2k -15,214
98 Steele Capital Management, Inc. 1.86% of their portfolio DUBUQUE, IA 424,956425.0k $33.4m $33.4m 1.86% Reduced -13.4k -13,407
99 FOUNDERS FINANCIAL SECURITIES LLC 3.10% of their portfolio TOWSON, MD 421,218421.2k $32.8m $32.8m 3.10% Added +3.8k +3,752
100 ASSETMARK, INC 0.10% of their portfolio CONCORD, CA 419,249419.2k $32.6m $32.6m 0.10% Added +332.8k +332,832