Vault-13

SCHWAB STRATEGIC TR SCHZ

US AGGREGATE B · ETP · CUSIP 808524839

629 institutional holders -19 vs Q2 2025
177,873,345177.9m shares reported held*
$4.2bnreported value*
46 new 277 added 228 reduced 60 sold out net bought ≈ $422.8m (+17.8m 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 ($41.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $23.47.

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0250500750Q3 22: 505Q4 22: 539Q1 23: 541Q2 23: 545Q3 23: 540Q4 23: 593Q1 24: 574Q2 24: 597Q3 24: 593Q4 24: 638Q1 25: 649Q2 25: 648Q3 25: 629629Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 2022505
Q4 2022539
Q1 2023541
Q2 2023545
Q3 2023540
Q4 2023593
Q1 2024574
Q2 2024597
Q3 2024593
Q4 2024638
Q1 2025649
Q2 2025648
Q3 2025629

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q4 23: 280 bought or addedQ4 23: 262 cut or sold outQ1 24: 295 bought or addedQ1 24: 258 cut or sold outQ1 24Q2 24: 285 bought or addedQ2 24: 258 cut or sold outQ3 24: 313 bought or addedQ3 24: 242 cut or sold outQ3 24Q4 24: 317 bought or addedQ4 24: 256 cut or sold outQ1 25: 330 bought or addedQ1 25: 277 cut or sold outQ1 25Q2 25: 266 bought or addedQ2 25: 337 cut or sold outQ3 25: 323 bought or addedQ3 25: 288 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 2023280262
Q1 2024295258
Q2 2024285258
Q3 2024313242
Q4 2024317256
Q1 2025330277
Q2 2025266337
Q3 2025323288

Calls vs puts

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

CallsPuts
$0$10k$20k$30k$40kQ4 24 calls: $4.5kQ4 24 puts: $34.0kQ4 24P/C 7.50Q1 25 calls: $39.4kQ1 25 puts: $0Q1 25P/C 0.00Q2 25 calls: $0Q2 25 puts: $0Q2 25P/C —Q3 25 calls: $0Q3 25 puts: $0Q3 25P/C —
Numbers
QuarterCallsPutsP/C
Q4 2024$4.5k$34.0k7.50
Q1 2025$39.4k$00.00
Q2 2025$0$0—
Q3 2025$0$0—

Biggest buyers

JPMORGAN CHASE & CO Added +11,847,583+11.8m
Modern Wealth Management, LLC New +1,153,141+1.2m
Cetera Investment Advisers Added +976,969+977.0k
NorthRock Partners, LLC New +935,642+935.6k
Sanctuary Advisors, LLC Added +880,038+880.0k
Vestmark Advisory Solutions, Inc. New +775,096+775.1k
ELEVATION POINT WEALTH PARTNERS, LLC New +775,096+775.1k
OSAIC HOLDINGS, INC. Added +595,533+595.5k
Rockbridge Investment Management, LCC Added +575,958+576.0k
Financial Engines Advisors L.L.C. Added +524,573+524.6k

Biggest sellers

AMERIPRISE FINANCIAL INC Reduced -1,223,546-1.2m
ENVESTNET ASSET MANAGEMENT INC Reduced -678,193-678.2k
UBS Group AG Reduced -660,972-661.0k
Cardinal Point Capital Management ULC Sold out -635,697-635.7k
AlphaStar Capital Management, LLC Sold out -602,232-602.2k
Ascent Group, LLC Reduced -372,777-372.8k
OneDigital Investment Advisors LLC Reduced -330,071-330.1k
Robertson Stephens Wealth Management, LLC Sold out -210,145-210.1k
GOLDMAN SACHS GROUP INC Reduced -201,493-201.5k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -186,117-186.1k

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JPMORGAN CHASE & CO 0.02% of their portfolio NEW YORK, NY 24,272,80024.3m $569.7m $569.7m 0.02% Added +11.8m +11,847,583
2 Rockbridge Investment Management, LCC 18.44% of their portfolio Syracuse, NY 7,958,8388.0m $186.8m $186.8m 18.44% Added +576.0k +575,958
3 Avantax Planning Partners, Inc. 4.83% of their portfolio DUBUQUE, IA 7,183,0677.2m $168.6m $168.6m 4.83% Added +195.2k +195,216
4 AMERIPRISE FINANCIAL INC 0.03% of their portfolio MINNEAPOLIS, MN 6,226,7486.2m $146.1m $146.1m 0.03% Reduced -1.2m -1,223,546
5 Charles Schwab Trust Co 9.48% of their portfolio HENDERSON, NV 5,946,8245.9m $139.6m $139.6m 9.48% Added +359.8k +359,756
6 Financial Engines Advisors L.L.C. 0.24% of their portfolio SANTA CLARA, CA 5,427,5835.4m $127.4m $127.4m 0.24% Added +524.6k +524,573
7 Total Wealth Planning, LLC 11.24% of their portfolio CINCINNATI, OH 4,138,1204.1m $97.1m $97.1m 11.24% Added +330.2k +330,160
8 HighTower Advisors, LLC 0.10% of their portfolio CHICAGO, IL 3,812,9533.8m $89.5m $89.5m 0.10% Added +161.4k +161,354
9 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.13% of their portfolio PLYMOUTH, MN 3,630,2183.6m $85.1m $85.1m 0.13% Added +50.9k +50,881
10 ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio Berwyn, PA 3,324,1253.3m $78.0m $78.0m 0.02% Reduced -678.2k -678,193
11 OneDigital Investment Advisors LLC 0.80% of their portfolio OVERLAND PARK, KS 3,319,2853.3m $77.9m $77.9m 0.80% Reduced -330.1k -330,071
12 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 3,224,4433.2m $75.7m $75.7m 0.01% Reduced -201.5k -201,493
13 Kohmann Bosshard Financial Services, LLC 6.54% of their portfolio FAIRLAWN, OH 2,717,8422.7m $63.8m $63.8m 6.54% Added +108.9k +108,896
14 Pioneer Wealth Management Group 18.15% of their portfolio AUSTIN, TX 2,395,6772.4m $56.2m $56.2m 18.15% Added +169.4k +169,446
15 BlueSky Wealth Advisors, LLC 7.09% of their portfolio New Bern, NC 2,241,1272.2m $52.6m $52.6m 7.09% Added +117.6k +117,578
16 Mariner, LLC 0.06% of their portfolio Overland Park, KS 2,074,8822.1m $48.7m $48.7m 0.06% Reduced -30.3k -30,276
17 Sanctuary Advisors, LLC 0.13% of their portfolio INDIANAPOLIS, IN 1,808,7341.8m $42.2m $42.2m 0.13% Added +880.0k +880,038
18 McAdam, LLC 2.06% of their portfolio Philadelphia, PA 1,779,5051.8m $41.8m $41.8m 2.06% Added +72.5k +72,453
19 Cetera Investment Advisers 0.04% of their portfolio SCHAUMBURG, IL 1,639,1151.6m $38.5m $38.5m 0.04% Added +977.0k +976,969
20 Blue Trust, Inc. 0.39% of their portfolio BRENTWOOD, TN 1,479,8841.5m $34.7m $34.7m 0.39% Added +19.7k +19,652
21 Horst & Graben Wealth Management LLC 5.07% of their portfolio PORTLAND, OR 1,413,0281.4m $33.2m $33.2m 5.07% Added +25.8k +25,786
22 Destination Wealth Management 0.89% of their portfolio Walnut Creek, CA 1,378,6481.4m $32.4m $32.4m 0.89% Reduced -87.3k -87,327
23 FINANCIAL LIFE ADVISORS 10.33% of their portfolio SAN ANTONIO, TX 1,369,5941.4m $32.1m $32.1m 10.33% Added +75.4k +75,386
24 DAYMARK WEALTH PARTNERS, LLC 1.04% of their portfolio CINCINNATI, OH 1,301,8121.3m $30.6m $30.6m 1.04% Added +126.1k +126,129
25 Vident Advisory, LLC 0.29% of their portfolio Alpharetta, GA 1,274,7891.3m $29.9m $29.9m 0.29% Added +51.5k +51,487
26 ZynergyRetirementPlanningLLC 18.51% of their portfolio RED BANK, NJ 1,250,4301.3m $29.3m $29.3m 18.51% Added +28.5k +28,472
27 KilterHowling LLC 15.99% of their portfolio BOULDER, CO 1,223,6121.2m $28.7m $28.7m 15.99% Added +32.8k +32,796
28 TruNorth Capital Management, LLC 5.64% of their portfolio KALAMAZOO, MI 1,215,2231.2m $28.5m $28.5m 5.64% Added +44.7k +44,672
29 THEORY FINANCIAL LLC 10.09% of their portfolio FORT COLLINS, CO 1,210,0961.2m $28.6m $28.6m 10.09% Added +56.6k +56,617
30 Phil A. Younker & Associates, Ltd. 21.68% of their portfolio FAIRBANKS, AK 1,205,9711.2m $28.3m $28.3m 21.68% Added +355.7k +355,717
31 Austin Private Wealth, LLC 2.13% of their portfolio Austin, TX 1,180,9661.2m $27.7m $27.7m 2.13% Reduced -77.0k -77,038
32 JONES FINANCIAL COMPANIES LLLP 0.02% of their portfolio DES PERES, MO 1,171,3881.2m $27.4m $27.4m 0.02% Added +157.5k +157,531
33 Modern Wealth Management, LLC 0.54% of their portfolio KANSAS CITY, MO 1,153,1411.2m $27.1m $27.1m 0.54% New
34 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,138,5621.1m $26.7m $26.7m 0.00% Reduced -5.5k -5,534
35 Mokosak Advisory Group, LLC 6.85% of their portfolio URBANDALE, IA 1,116,2961.1m $26.2m $26.2m 6.85% Added +33.4k +33,420
36 Alliance Wealth Management Group 5.56% of their portfolio FLEMINGTON, NJ 1,063,9421.1m $25.0m $25.0m 5.56% Added +36.0k +36,009
37 Towercrest Capital Management 4.01% of their portfolio NEWTOWN, PA 1,063,9421.1m $25.0m $25.0m 4.01% Added +36.0k +36,009
38 OSAIC HOLDINGS, INC. 0.03% of their portfolio SCOTTSDALE, AZ 1,059,5521.1m $24.8m $24.8m 0.03% Added +595.5k +595,533
39 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 0.37% of their portfolio MINNEAPOLIS, MN 1,004,0821.0m $23.6m $23.6m 0.37% Added +13.4k +13,444
40 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,000,2821.0m $23.5m $23.5m 0.00% Reduced -13.0k -12,976
41 Plum Street Advisors, LLC 8.99% of their portfolio NEW ORLEANS, LA 992,096992.1k $23.3m $23.3m 8.99% Added +63.2k +63,215
42 NorthRock Partners, LLC 0.40% of their portfolio MINNEAPOLIS, MN 935,642935.6k $22.0m $22.0m 0.40% New
43 TSA Wealth Managment LLC 7.37% of their portfolio HOUSTON, TX 923,494923.5k $21.7m $21.7m 7.37% Reduced -52.9k -52,901
44 Tenret Co LLC 10.76% of their portfolio TAMPA, FL 886,074886.1k $20.8m $20.8m 10.76% Added +12.6k +12,600
45 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 863,051863.1k $20.3m $20.3m 0.01% Added +180.1k +180,090
46 Asset Allocation Strategies LLC 3.90% of their portfolio FARMINGTON, MI 839,803839.8k $19.7m $19.7m 3.90% Added +80.2k +80,206
47 MERCER GLOBAL ADVISORS INC /ADV 0.03% of their portfolio DENVER, CO 828,833828.8k $19.5m $19.5m 0.03% Reduced -157.0k -157,027
48 One Wealth Advisors, LLC 2.37% of their portfolio SAN FRANCISCO, CA 805,324805.3k $18.9m $18.9m 2.37% Added +61.5k +61,529
49 Vestmark Advisory Solutions, Inc. 0.35% of their portfolio Wakefield, MA 775,096775.1k $18.2m $18.2m 0.35% New
50 ELEVATION POINT WEALTH PARTNERS, LLC 1.27% of their portfolio DENVER, CO 775,096775.1k $18.2m $18.2m 1.27% New
51 Revolve Wealth Partners, LLC 2.12% of their portfolio Hackensack, NJ 753,124753.1k $17.7m $17.7m 2.12% Added +28.3k +28,333
52 Bond & Devick Financial Network, Inc. 5.27% of their portfolio ST. LOUIS PARK, MN 746,516746.5k $17.5m $17.5m 5.27% Added +80.0k +79,981
53 MONETA GROUP INVESTMENT ADVISORS LLC 0.13% of their portfolio ST LOUIS, MO 703,175703.2k $16.5m $16.5m 0.13% Added +113.6k +113,578
54 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 702,614702.6k $16.5m $16.5m 0.01% Reduced -162.8k -162,838
55 Revisor Wealth Management LLC 5.61% of their portfolio AKRON, OH 694,514694.5k $16.3m $16.3m 5.61% Added +26.5k +26,471
56 UBS Group AG 0.00% of their portfolio ZURICH, V8 690,882690.9k $16.2m $16.2m 0.00% Reduced -661.0k -660,972
57 CFS Investment Advisory Services, LLC 1.21% of their portfolio TOTOWA, NJ 689,271689.3k $16.3m $16.3m 1.21% Added +8.1k +8,106
58 Mutual Advisors, LLC 0.36% of their portfolio OMAHA, NE 683,383683.4k $16.2m $16.2m 0.36% Added +36.2k +36,158
59 James J. Burns & Company, LLC 2.32% of their portfolio MELVILLE, NY 662,116662.1k $15.5m $15.5m 2.32% Added +12.3k +12,303
60 Cedar Mountain Advisors, LLC 2.95% of their portfolio LAKE OSWEGO, OR 645,702645.7k $15.2m $15.2m 2.95% Added +22.6k +22,623
61 Cerity Partners LLC 0.02% of their portfolio NEW YORK, NY 628,623628.6k $14.8m $14.8m 0.02% Added +45.4k +45,436
62 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.10% of their portfolio IRVING, TX 620,489620.5k $14.6m $14.6m 0.10% Reduced -19.7k -19,694
63 Columbus Macro, LLC 1.58% of their portfolio NEW CASTLE, PA 593,069593.1k $13.9m $13.9m 1.58% Added +9.6k +9,571
64 Christensen, King & Associates Investment Services, Inc. 5.15% of their portfolio RICHLAND, WA 511,189511.2k $12.0m $12.0m 5.15% Added +13.4k +13,450
65 Clearview Wealth Advisors LLC 7.48% of their portfolio SALEM, OR 497,588497.6k $11.7m $11.7m 7.48% Added +18.3k +18,289
66 MYECFO, LLC 5.29% of their portfolio La Jolla, CA 495,524495.5k $11.6m $11.6m 5.29% Added +12.5k +12,476
67 Cypress Wealth Services, LLC 1.89% of their portfolio PALM DESERT, CA 492,968493.0k $11.6m $11.6m 1.89% Reduced -25.3k -25,282
68 KICKSTAND VENTURES, LLC. 2.52% of their portfolio PITTSFORD, NY 488,342488.3k $11.5m $11.5m 2.52% Added +23.7k +23,665
69 Grove Street Fiduciary, LLC 5.19% of their portfolio PETERBOROUGH, NH 468,137468.1k $11.0m $11.0m 5.19% Reduced -1.2k -1,166
70 Summit Financial Strategies, Inc. 0.94% of their portfolio Columbus, OH 465,278465.3k $10.9m $10.9m 0.94% Reduced -13.5k -13,464
71 Apriem Advisors 1.02% of their portfolio IRVINE, CA 460,500460.5k $10.8m $10.8m 1.02% Added +2.8k +2,795
72 Mayflower Financial Advisors, LLC 1.34% of their portfolio BOSTON, MA 453,715453.7k $10.6m $10.6m 1.34% Added +22.7k +22,729
73 Savant Capital, LLC 0.06% of their portfolio ROCKFORD, IL 453,304453.3k $10.6m $10.6m 0.06% Reduced -10.1k -10,142
74 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 429,757429.8k $10.1m $10.1m 0.01% Added +505 +505
75 SigFig Wealth Management, LLC 0.31% of their portfolio SAN FRANCISCO, CA 426,419426.4k $10.0m $10.0m 0.31% Reduced -15.1k -15,060
76 IFP Advisors, Inc 0.26% of their portfolio TAMPA, FL 421,612421.6k $9.9m $9.9m 0.26% Added +8.8k +8,848
77 AE Wealth Management LLC 0.06% of their portfolio TOPEKA, KS 407,177407.2k $9.6m $9.6m 0.06% Added +37.8k +37,834
78 MorganRosel Wealth Management, LLC 2.44% of their portfolio HIGHLANDS RANCH, CO 400,712400.7k $9.4m $9.4m 2.44% Added +38.7k +38,717
79 Affinity Capital Advisors, LLC 1.43% of their portfolio BERKELEY, CA 396,201396.2k $9.3m $9.3m 1.43% Reduced -1.1k -1,074
80 AlphaCore Capital LLC 0.31% of their portfolio LA JOLLA, CA 394,529394.5k $9.3m $9.3m 0.31% Added +5.7k +5,735
81 Focus Financial Network, Inc. 0.33% of their portfolio MINNEAPOLIS, MN 393,704393.7k $9.2m $9.2m 0.33% Added +13.2k +13,245
82 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 393,699393.7k $9.2m $9.2m 0.01% Added +43.0k +43,038
83 Beacon Pointe Advisors, LLC 0.08% of their portfolio NEWPORT BEACH, CA 393,138393.1k $9.2m $9.2m 0.08% Reduced -22.3k -22,271
84 Waterford Advisors, LLC 3.12% of their portfolio ORCHARD PARK, NY 384,326384.3k $9.0m $9.0m 3.12% Added +370.9k +370,945
85 SIGNATURE ESTATE & INVESTMENT ADVISORS LLC 0.19% of their portfolio LOS ANGELES, CA 370,712370.7k $8.7m $8.7m 0.19% Added +8.7k +8,701
86 FFG RETIREMENT ADVISORS LLC 5.38% of their portfolio CENTENNIAL, CO 369,208369.2k $8.7m $8.7m 5.38% Reduced -41.8k -41,822
87 Tempus Wealth Planning, LLC 1.96% of their portfolio IRVINE, CA 364,034364.0k $8.5m $8.5m 1.96% Added +43 +43
88 BREAKTHRU ADVISORY SERVICES, LLC 5.49% of their portfolio MUSKEGO, WI 355,327355.3k $8.3m $8.3m 5.49% New
89 Larson Financial Group LLC 0.29% of their portfolio ST LOUIS, MO 351,176351.2k $8.2m $8.2m 0.29% Reduced -43.3k -43,290
90 Integrated Wealth Concepts LLC 0.07% of their portfolio WALTHAM, MA 346,669346.7k $8.1m $8.1m 0.07% Added +19.5k +19,529
91 Peak Financial Management, Inc. 2.10% of their portfolio WELLESLEY, MA 338,789338.8k $8.0m $8.0m 2.10% Added +14.7k +14,736
92 HENGEHOLD CAPITAL MANAGEMENT LLC 0.67% of their portfolio CINCINNATI, OH 336,780336.8k $7.9m $7.9m 0.67% Added +23.1k +23,121
93 Ashton Thomas Private Wealth, LLC 0.20% of their portfolio SCOTTSDALE, AZ 336,122336.1k $7.9m $7.9m 0.20% Added +93.2k +93,209
94 Ascent Group, LLC 0.28% of their portfolio VIRGINIA BEACH, VA 335,703335.7k $7.9m $7.9m 0.28% Reduced -372.8k -372,777
95 RESTON WEALTH MANAGEMENT LLC 2.49% of their portfolio Reston, VA 329,225329.2k $7.7m $7.7m 2.49% Added +39.7k +39,701
96 LEAVELL INVESTMENT MANAGEMENT, INC. 0.32% of their portfolio MOBILE, AL 320,857320.9k $7.5m $7.5m 0.32% Reduced -18.6k -18,620
97 Forthright Family Wealth Advisory LLC 4.52% of their portfolio HOUSTON, TX 313,206313.2k $7.4m $7.4m 4.52% Reduced -107.1k -107,068
98 CLIENT 1ST ADVISORY GROUP, LLC 2.42% of their portfolio DUNEDIN, FL 311,250311.2k $7.3m $7.3m 2.42% Added +14.8k +14,799
99 Merit Financial Group, LLC 0.07% of their portfolio ALPHARETTA, GA 306,927306.9k $7.2m $7.2m 0.07% Reduced -8.5k -8,532
100 Apeiron RIA LLC 1.60% of their portfolio Dallas, TX 301,688301.7k $7.1m $7.1m 1.60% Added +46.0k +46,009