Vault-13

SCHWAB STRATEGIC TR SCHF

INTL EQTY ETF · ETP · CUSIP 808524805

1,547 institutional holders +149 vs Q3 2025
1,441,883,0981.4bn shares reported held*
$34.7bnreported value*
105 new 695 added 420 reduced 48 sold out net bought ≈ $937.1m (+40.2m 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 ($15.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $24.05. Options: 2 managers hold calls ($3.3m notional), 0 hold puts (—).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

01k2kQ3 22: 909Q4 22: 986Q1 23: 999Q2 23: 1,011Q3 23: 1,013Q4 23: 1,114Q1 24: 1,119Q2 24: 1,132Q3 24: 1,197Q4 24: 1,298Q1 25: 1,311Q2 25: 1,365Q3 25: 1,398Q4 25: 1,5471,547Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 2022909
Q4 2022986
Q1 2023999
Q2 20231,011
Q3 20231,013
Q4 20231,114
Q1 20241,119
Q2 20241,132
Q3 20241,197
Q4 20241,298
Q1 20251,311
Q2 20251,365
Q3 20251,398
Q4 20251,547

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1k01kQ1 24: 495 bought or addedQ1 24: 504 cut or sold outQ2 24: 521 bought or addedQ2 24: 472 cut or sold outQ2 24Q3 24: 615 bought or addedQ3 24: 426 cut or sold outQ4 24: 643 bought or addedQ4 24: 474 cut or sold outQ4 24Q1 25: 569 bought or addedQ1 25: 584 cut or sold outQ2 25: 677 bought or addedQ2 25: 543 cut or sold outQ2 25Q3 25: 622 bought or addedQ3 25: 524 cut or sold outQ4 25: 800 bought or addedQ4 25: 468 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024495504
Q2 2024521472
Q3 2024615426
Q4 2024643474
Q1 2025569584
Q2 2025677543
Q3 2025622524
Q4 2025800468

Calls vs puts

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

CallsPuts
$0$1m$2m$3m$4mQ1 25 calls: $1.0mQ1 25 puts: $77.1kQ1 25P/C 0.07Q2 25 calls: $875.2kQ2 25 puts: $0Q2 25P/C 0.00Q3 25 calls: $3.6mQ3 25 puts: $0Q3 25P/C 0.00Q4 25 calls: $3.3mQ4 25 puts: $0Q4 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q1 2025$1.0m$77.1k0.07
Q2 2025$875.2k$00.00
Q3 2025$3.6m$00.00
Q4 2025$3.3m$00.00

Biggest buyers

Corient Private Wealth LP Added +20,371,213+20.4m
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +12,246,283+12.2m
MORGAN STANLEY Added +8,376,473+8.4m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +5,016,109+5.0m
BNP PARIBAS FINANCIAL MARKETS Added +2,536,570+2.5m
Wealthfront Advisers LLC Added +1,497,065+1.5m
GOLDMAN SACHS GROUP INC Added +1,305,945+1.3m
True Freedom Investing, LLC Added +1,063,983+1.1m
Fund Evaluation Group, LLC Added +1,022,253+1.0m
Composition Wealth, LLC Added +945,930+945.9k

Biggest sellers

Wealthspire Advisors, LLC Reduced -10,690,235-10.7m
Empower Advisory Group, LLC Reduced -5,677,571-5.7m
JANE STREET GROUP, LLC Sold out -2,894,224-2.9m
ROYAL BANK OF CANADA Reduced -2,538,309-2.5m
OLD MISSION CAPITAL LLC Sold out -2,336,106-2.3m
HighTower Advisors, LLC Reduced -1,789,340-1.8m
Vestwell Advisors, LLC Reduced -1,262,371-1.3m
FLOW TRADERS U.S. LLC Sold out -905,624-905.6k
JPMORGAN CHASE & CO Reduced -703,858-703.9k
DRW Securities, LLC Sold out -649,434-649.4k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $3.3m138.8k shares
GROUP ONE TRADING LLC New $7.2k300 shares

Biggest puts

None

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 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 4.53% of their portfolio MILWAUKEE, WI 297,753,417297.8m $7.2bn $7.2bn 4.53% Added +12.2m +12,246,283
2 Empower Advisory Group, LLC 11.74% of their portfolio Greenwood Village, CO 180,778,097180.8m $4.3bn $4.3bn 11.74% Reduced -5.7m -5,677,571
3 Financial Engines Advisors L.L.C. 7.15% of their portfolio SANTA CLARA, CA 156,955,279157.0m $3.8bn $3.8bn 7.15% Reduced -229.3k -229,266
4 Wealthfront Advisers LLC 5.99% of their portfolio Palo Alto, CA 111,479,482111.5m $2.7bn $2.7bn 5.99% Added +1.5m +1,497,065
5 Creative Planning 0.72% of their portfolio OVERLAND PARK, KS 41,856,86941.9m $1.0bn $1.0bn 0.72% Added +927.9k +927,877
6 Corient Private Wealth LP 0.66% of their portfolio MIAMI, FL 40,792,86140.8m $981.0m $981.0m 0.66% Added +20.4m +20,371,213
7 Betterment LLC 1.00% of their portfolio NEW YORK, NY 21,860,49821.9m $525.5m $525.5m 1.00% Reduced -512.4k -512,447
8 HighTower Advisors, LLC 0.54% of their portfolio CHICAGO, IL 20,621,87720.6m $495.7m $495.7m 0.54% Reduced -1.8m -1,789,340
9 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 18,928,15018.9m $455.0m $455.0m 0.03% Added +8.4m +8,376,473
10 Composition Wealth, LLC 4.80% of their portfolio LOS ANGELES, CA 13,933,64913.9m $335.0m $335.0m 4.80% Added +945.9k +945,930
11 US BANCORP \DE\ 0.39% of their portfolio MINNEAPOLIS, MN 13,933,42413.9m $335.0m $335.0m 0.39% Reduced -99.6k -99,565
12 SCS Capital Management LLC 3.19% of their portfolio BOSTON, MA 12,527,99812.5m $301.2m $301.2m 3.19% Reduced -157.3k -157,295
13 Wealthspire Advisors, LLC 2.09% of their portfolio NEW YORK, NY 10,898,79910.9m $262.0m $262.0m 2.09% Reduced -10.7m -10,690,235
14 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.31% of their portfolio PLYMOUTH, MN 9,291,7159.3m $229.8m $229.8m 0.31% Added +78.7k +78,707
15 MERCER GLOBAL ADVISORS INC /ADV 0.33% of their portfolio DENVER, CO 9,122,5159.1m $219.7m $219.7m 0.33% Reduced -47.2k -47,187
16 Mariner, LLC 0.26% of their portfolio Overland Park, KS 8,951,4359.0m $215.3m $215.3m 0.26% Added +34.2k +34,152
17 Orgel Wealth Management, LLC 4.74% of their portfolio ALTOONA, WI 8,932,2148.9m $214.7m $214.7m 4.74% Added +169.3k +169,304
18 McAdam, LLC 8.86% of their portfolio Philadelphia, PA 8,050,1648.1m $193.5m $193.5m 8.86% Added +733.8k +733,816
19 Avantax Planning Partners, Inc. 4.84% of their portfolio DUBUQUE, IA 7,198,2767.2m $173.0m $173.0m 4.84% Added +521.2k +521,172
20 REBALANCE, LLC 9.67% of their portfolio PALO ALTO, CA 6,884,5736.9m $165.5m $165.5m 9.67% Added +383.2k +383,158
21 Steele Capital Management, Inc. 6.94% of their portfolio DUBUQUE, IA 6,727,3776.7m $161.7m $161.7m 6.94% Added +165.1k +165,141
22 Cerity Partners LLC 0.23% of their portfolio NEW YORK, NY 6,703,3586.7m $161.1m $161.1m 0.23% Added +16.8k +16,837
23 SageView Advisory Group, LLC 5.37% of their portfolio Newport Beach, CA 6,611,8536.6m $158.9m $158.9m 5.37% Reduced -576.8k -576,825
24 JONES FINANCIAL COMPANIES LLLP 0.09% of their portfolio DES PERES, MO 6,465,3686.5m $155.4m $155.4m 0.09% Added +826.1k +826,113
25 Cresset Asset Management, LLC 0.63% of their portfolio Chicago, IL 6,184,9386.2m $148.7m $148.7m 0.63% Added +73.2k +73,168
26 LPL Financial LLC 0.04% of their portfolio FORT MILL, SC 6,084,9546.1m $146.3m $146.3m 0.04% Added +311.1k +311,086
27 Gemmer Asset Management LLC 11.01% of their portfolio WALNUT CREEK, CA 5,947,5395.9m $143.0m $143.0m 11.01% Added +407.4k +407,398
28 BRANDYWINE OAK PRIVATE WEALTH LLC 11.95% of their portfolio Kennett Square, PA 5,920,6835.9m $142.3m $142.3m 11.95% Added +91.8k +91,803
29 Prime Capital Investment Advisors, LLC 1.71% of their portfolio OVERLAND PARK, KS 5,833,4175.8m $140.2m $140.2m 1.71% Reduced -549.1k -549,128
30 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.19% of their portfolio BALA CYNWYD, PA 5,780,1305.8m $139.0m $139.0m 0.19% Added +5.0m +5,016,109
31 WELLS FARGO & COMPANY/MN 0.03% of their portfolio SAN FRANCISCO, CA 5,776,6895.8m $138.9m $138.9m 0.03% Added +260.6k +260,615
32 Fund Evaluation Group, LLC 4.55% of their portfolio CINCINNATI, OH 5,726,5485.7m $137.7m $137.7m 4.55% Added +1.0m +1,022,253
33 BESSEMER GROUP INC 0.21% of their portfolio WOODBRIDGE, NJ 5,623,8805.6m $135.2m $135.2m 0.21% Reduced -294.6k -294,650
34 FMR LLC 0.01% of their portfolio BOSTON, MA 5,271,1305.3m $126.7m $126.7m 0.01% Added +68.0k +68,035
35 ENVESTNET ASSET MANAGEMENT INC 0.04% of their portfolio Berwyn, PA 4,949,0404.9m $119.0m $119.0m 0.04% Reduced -185.7k -185,666
36 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 4,940,1384.9m $118.8m $118.8m 0.01% Added +33.2k +33,167
37 MONETA GROUP INVESTMENT ADVISORS LLC 0.83% of their portfolio ST LOUIS, MO 4,563,4374.6m $109.7m $109.7m 0.83% Added +159.1k +159,098
38 JMG Financial Group, Ltd. 2.87% of their portfolio DOWNERS GROVE, IL 4,240,6544.2m $101.9m $101.9m 2.87% Reduced -83.5k -83,525
39 BENJAMIN EDWARDS INC 1.12% of their portfolio Clayton, MO 4,194,2734.2m $100.8m $100.8m 1.12% Added +257.9k +257,887
40 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 3,870,2863.9m $93.0m $93.0m 0.02% Added +244.5k +244,459
41 Bluespring Wealth Management, LLC 7.51% of their portfolio AUSTIN, TX 3,625,6183.6m $87.2m $87.2m 7.51% Reduced -35.2k -35,242
42 Cetera Investment Advisers 0.09% of their portfolio SCHAUMBURG, IL 3,581,3573.6m $86.1m $86.1m 0.09% Added +315.8k +315,752
43 AlphaCore Capital LLC 1.90% of their portfolio LA JOLLA, CA 3,522,4323.5m $84.7m $84.7m 1.90% Reduced -341.4k -341,438
44 Charles Schwab Trust Co 5.54% of their portfolio HENDERSON, NV 3,507,4623.5m $84.3m $84.3m 5.54% Added +85.9k +85,886
45 BlueStem Wealth Partners, LLC 9.11% of their portfolio MINNETONKA, MN 3,432,7393.4m $82.5m $82.5m 9.11% Added +171.1k +171,067
46 Truepoint, Inc. 1.83% of their portfolio CINCINNATI, OH 3,378,9713.4m $81.2m $81.2m 1.83% Reduced -116.3k -116,345
47 UBS Group AG 0.02% of their portfolio ZURICH, V8 3,295,4283.3m $79.2m $79.2m 0.02% Added +146.7k +146,730
48 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 3,239,0373.2m $77.9m $77.9m 0.01% Reduced -2.5m -2,538,309
49 FOSTER & MOTLEY INC 3.97% of their portfolio CINCINNATI, OH 3,098,9863.1m $74.5m $74.5m 3.97% Added +536 +536
50 Beacon Pointe Advisors, LLC 0.50% of their portfolio NEWPORT BEACH, CA 2,939,3022.9m $70.7m $70.7m 0.50% Added +125.3k +125,252
51 Focus Partners Wealth 0.08% of their portfolio ST LOUIS, MO 2,938,7332.9m $70.6m $70.6m 0.08% Added +314.6k +314,582
52 CWM, LLC 0.19% of their portfolio OMAHA, NE 2,934,0692.9m $70.5m $70.5m 0.19% Added +101.0k +101,035
53 MML INVESTORS SERVICES, LLC 0.17% of their portfolio SPRINGFIELD, MA 2,920,9672.9m $70.2m $70.2m 0.17% Added +169.3k +169,291
54 CHOREO, LLC 0.85% of their portfolio ROCKFORD, IL 2,751,8432.8m $66.6m $66.6m 0.85% Reduced -41.6k -41,599
55 OSAIC HOLDINGS, INC. 0.09% of their portfolio SCOTTSDALE, AZ 2,680,0392.7m $64.4m $64.4m 0.09% Added +153.0k +152,954
56 BNP PARIBAS FINANCIAL MARKETS 0.04% of their portfolio PARIS, I0 2,588,2152.6m $62.2m $62.2m 0.04% Added +2.5m +2,536,570
57 OARSMAN CAPITAL, INC. 8.08% of their portfolio MILWAUKEE, WI 2,585,9252.6m $62.2m $62.2m 8.08% Added +431.3k +431,339
58 RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio ST. PETERSBURG, FL 2,500,5942.5m $60.1m $60.1m 0.02% Added +81.3k +81,295
59 Evergreen Advisors, LLC 14.37% of their portfolio CHATTANOOGA, TN 2,450,2452.5m $58.9m $58.9m 14.37% First filing
60 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.35% of their portfolio IRVING, TX 2,409,4832.4m $57.9m $57.9m 0.35% Reduced -5.3k -5,298
61 CAPITAL ADVISORS INC/OK 0.91% of their portfolio TULSA, OK 2,360,2482.4m $56.7m $56.7m 0.91% Added +21.5k +21,539
62 Riverpoint Wealth Management Holdings, LLC 12.03% of their portfolio CHICAGO, IL 2,330,4902.3m $56.0m $56.0m 12.03% Added +47.6k +47,606
63 TruNorth Capital Management, LLC 10.02% of their portfolio KALAMAZOO, MI 2,195,0322.2m $52.8m $52.8m 10.02% Added +9.1k +9,111
64 Modern Wealth Management, LLC 0.96% of their portfolio KANSAS CITY, MO 2,187,2582.2m $52.6m $52.6m 0.96% Reduced -21.3k -21,314
65 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 2,037,7142.0m $49.0m $49.0m 0.01% Added +1.3m +1,305,945
66 Matrix Trust Co 8.02% of their portfolio DENVER, CO 2,021,3902.0m $48.6m $48.6m 8.02% Added +64.3k +64,337
67 Procyon Advisors, LLC 2.36% of their portfolio SHELTON, CT 1,984,9872.0m $47.7m $47.7m 2.36% Reduced -5.4k -5,437
68 COMMONWEALTH EQUITY SERVICES, LLC 0.06% of their portfolio WALTHAM, MA 1,969,5272.0m $47.3m $47.3m 0.06% Added +7.9k +7,859
69 MAI Capital Management 0.26% of their portfolio INDEPENDENCE, OH 1,901,5501.9m $45.7m $45.7m 0.26% Added +23.1k +23,120
70 CITIZENS FINANCIAL GROUP INC/RI 0.61% of their portfolio PROVIDENCE, RI 1,899,3911.9m $45.7m $45.7m 0.61% Added +71.2k +71,249
71 PITTENGER & ANDERSON INC 1.74% of their portfolio LINCOLN, NE 1,884,8781.9m $45.3m $45.3m 1.74% Added +28.6k +28,646
72 Goelzer Investment Management, Inc. 2.05% of their portfolio CARMEL, IN 1,840,6031.8m $44.2m $44.2m 2.05% Reduced -21.3k -21,332
73 Forvis Mazars Wealth Advisors, LLC 0.83% of their portfolio Springfield, MO 1,824,7101.8m $43.9m $43.9m 0.83% Reduced -125.2k -125,248
74 FINANCIAL CONSULATE, INC 5.99% of their portfolio HUNT VALLEY, MD 1,823,6191.8m $43.8m $43.8m 5.99% Added +9.6k +9,562
75 Visionary Wealth Advisors 1.98% of their portfolio O'FALLON, IL 1,823,2151.8m $43.8m $43.8m 1.98% Added +175.1k +175,145
76 Rockefeller Capital Management L.P. 0.08% of their portfolio NEW YORK, NY 1,757,4231.8m $42.2m $42.2m 0.08% Added +368.2k +368,186
77 Pacific Sage Partners, LLC 6.25% of their portfolio EDMONDS, WA 1,638,4241.6m $39.4m $39.4m 6.25% Added +17.9k +17,945
78 Summit Asset Management, LLC 5.42% of their portfolio MEMPHIS, TN 1,591,9701.6m $38.3m $38.3m 5.42% Added +11.6k +11,645
79 Cambridge Investment Research Advisors, Inc. 0.10% of their portfolio FAIRFIELD, IA 1,546,5441.5m $37.2m $37.2m 0.10% Added +164.4k +164,370
80 Payne Capital Management, LLC 11.55% of their portfolio New York, NY 1,521,6791.5m $36.6m $36.6m 11.55% Added +27.5k +27,510
81 SUMMIT WEALTH & RETIREMENT PLANNING, INC. 8.38% of their portfolio EAGLE, ID 1,481,0531.5m $35.6m $35.6m 8.38% Added +48.9k +48,884
82 AE Wealth Management LLC 0.20% of their portfolio TOPEKA, KS 1,466,4241.5m $35.3m $35.3m 0.20% Reduced -232.6k -232,566
83 KAVAR CAPITAL PARTNERS GROUP, LLC 4.80% of their portfolio LEAWOOD, KS 1,449,4531.4m $34.8m $34.8m 4.80% Added +43.8k +43,752
84 HB Wealth Management, LLC 0.22% of their portfolio Atlanta, GA 1,436,1261.4m $34.5m $34.5m 0.22% Added +1.2k +1,225
85 CITADEL ADVISORS LLC 0.02% of their portfolio MIAMI, FL 1,406,9821.4m $33.8m $33.8m 0.02% Added +49.5k +49,517
86 Waverly Advisors, LLC 0.27% of their portfolio BIRMINGHAM, AL 1,406,4581.4m $33.8m $33.8m 0.27% Added +36.8k +36,765
87 Avidian Wealth Enterprises, LLC 1.22% of their portfolio Houston, TX 1,395,6501.4m $33.6m $33.6m 1.22% Added +16.6k +16,609
88 Persium Advisors, LLC 24.45% of their portfolio ATLANTA, GA 1,393,3281.4m $33.5m $33.5m 24.45% Added +36.9k +36,945
89 BlueSky Wealth Advisors, LLC 4.35% of their portfolio New Bern, NC 1,372,0861.4m $33.0m $33.0m 4.35% Added +13.9k +13,871
90 Perigon Wealth Management, LLC 0.59% of their portfolio SAN FRANCISCO, CA 1,363,5051.4m $32.8m $32.8m 0.59% Added +783.1k +783,113
91 PINKERTON WEALTH, LLC 3.28% of their portfolio COEUR D ALENE, ID 1,331,1391.3m $32.0m $32.0m 3.28% Added +5.5k +5,509
92 BCS Wealth Management 3.19% of their portfolio JOHNSON CITY, TN 1,311,9151.3m $31.5m $31.5m 3.19% Added +658.7k +658,747
93 GHP Investment Advisors, Inc. 1.27% of their portfolio Denver, CO 1,284,6021.3m $30.9m $30.9m 1.27% Added +30.0k +29,979
94 VOISARD ASSET MANAGEMENT GROUP, INC. 6.60% of their portfolio Grand Rapids, MI 1,271,8661.3m $30.6m $30.6m 6.60% Added +54.7k +54,666
95 Courage Miller Partners, LLC 9.05% of their portfolio NORFOLK, VA 1,250,0971.3m $30.1m $30.1m 9.05% Reduced -37.7k -37,712
96 Bangor Savings Bank 2.41% of their portfolio BANGOR, ME 1,246,9011.2m $30.0m $30.0m 2.41% Reduced -6.9k -6,878
97 Bleakley Financial Group, LLC 0.52% of their portfolio PARSIPPANY, NJ 1,240,4361.2m $29.8m $29.8m 0.52% Added +382 +382
98 BALLAST ADVISORS LLC 8.11% of their portfolio WOODBURY, MN 1,223,5871.2m $29.4m $29.4m 8.11% Added +1.9k +1,902
99 Curi Capital, LLC 0.51% of their portfolio CHICAGO, IL 1,214,2001.2m $29.2m $29.2m 0.51% Added +24.0k +23,976
100 LCW Services, LLC 15.44% of their portfolio VIRGINIA BEACH, VA 1,205,7381.2m $29.0m $29.0m 15.44% First filing