Vault-13

SCHWAB STRATEGIC TR SCHZ

US AGGREGATE B · ETP · CUSIP 808524839

671 institutional holders +42 vs Q3 2025
175,238,124175.2m shares reported held*
$4.1bnreported value*
54 new 287 added 215 reduced 49 sold out net sold ≈ $190.4m (-8.1m 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 ($54.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $23.36.

Trends to Q4 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: 629Q4 25: 671671Q3 22Q2 23Q1 24Q4 24Q4 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
Q4 2025671

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q1 24: 295 bought or addedQ1 24: 258 cut or sold outQ2 24: 285 bought or addedQ2 24: 258 cut or sold outQ2 24Q3 24: 313 bought or addedQ3 24: 242 cut or sold outQ4 24: 317 bought or addedQ4 24: 256 cut or sold outQ4 24Q1 25: 330 bought or addedQ1 25: 277 cut or sold outQ2 25: 266 bought or addedQ2 25: 337 cut or sold outQ2 25Q3 25: 323 bought or addedQ3 25: 288 cut or sold outQ4 25: 341 bought or addedQ4 25: 264 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024295258
Q2 2024285258
Q3 2024313242
Q4 2024317256
Q1 2025330277
Q2 2025266337
Q3 2025323288
Q4 2025341264

Calls vs puts

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

CallsPuts
$0$10k$20k$30k$40kQ1 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 —Q4 25 calls: $0Q4 25 puts: $0Q4 25P/C —
Numbers
QuarterCallsPutsP/C
Q1 2025$39.4k$00.00
Q2 2025$0$0—
Q3 2025$0$0—
Q4 2025$0$0—

Biggest buyers

CWM, LLC Added +3,836,881+3.8m
Rockbridge Investment Management, LCC Added +999,097+999.1k
Destination Wealth Management Added +567,128+567.1k
GOLDMAN SACHS GROUP INC Added +524,253+524.3k
Creative Planning Added +523,300+523.3k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Added +321,319+321.3k
JONES FINANCIAL COMPANIES LLLP Added +311,488+311.5k
HighTower Advisors, LLC Added +304,989+305.0k
Ascent Group, LLC Added +292,644+292.6k
Charles Schwab Trust Co Added +268,364+268.4k

Biggest sellers

JPMORGAN CHASE & CO Reduced -11,684,580-11.7m
Total Wealth Planning, LLC Reduced -3,921,602-3.9m
ENVESTNET ASSET MANAGEMENT INC Reduced -999,372-999.4k
Sanctuary Advisors, LLC Reduced -969,377-969.4k
Pioneer Wealth Management Group Reduced -581,419-581.4k
Vident Advisory, LLC Reduced -388,876-388.9k
Waterford Advisors, LLC Sold out -384,326-384.3k
Vertex Planning Partners, LLC Sold out -229,453-229.5k
Cornerstone Planning Group LLC Reduced -223,205-223.2k
OLD MISSION CAPITAL LLC Sold out -216,925-216.9k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JPMORGAN CHASE & CO 0.02% of their portfolio NEW YORK, NY 12,588,22012.6m $294.2m $294.2m 0.02% Reduced -11.7m -11,684,580
2 Rockbridge Investment Management, LCC 19.47% of their portfolio Syracuse, NY 8,957,9359.0m $209.3m $209.3m 19.47% Added +999.1k +999,097
3 Avantax Planning Partners, Inc. 4.87% of their portfolio DUBUQUE, IA 7,447,3407.4m $174.0m $174.0m 4.87% Added +264.3k +264,273
4 AMERIPRISE FINANCIAL INC 0.03% of their portfolio MINNEAPOLIS, MN 6,367,9726.4m $148.8m $148.8m 0.03% Added +141.2k +141,224
5 Charles Schwab Trust Co 9.55% of their portfolio HENDERSON, NV 6,215,1886.2m $145.2m $145.2m 9.55% Added +268.4k +268,364
6 Financial Engines Advisors L.L.C. 0.24% of their portfolio SANTA CLARA, CA 5,396,4515.4m $126.1m $126.1m 0.24% Reduced -31.1k -31,132
7 HighTower Advisors, LLC 0.11% of their portfolio CHICAGO, IL 4,117,9424.1m $96.2m $96.2m 0.11% Added +305.0k +304,989
8 CWM, LLC 0.25% of their portfolio OMAHA, NE 4,022,4064.0m $94.0m $94.0m 0.25% Added +3.8m +3,836,881
9 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.13% of their portfolio PLYMOUTH, MN 3,951,5374.0m $92.5m $92.5m 0.13% Added +321.3k +321,319
10 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 3,748,6963.7m $87.6m $87.6m 0.01% Added +524.3k +524,253
11 OneDigital Investment Advisors LLC 0.71% of their portfolio OVERLAND PARK, KS 3,117,9623.1m $72.9m $72.9m 0.71% Reduced -201.3k -201,323
12 Kohmann Bosshard Financial Services, LLC 6.16% of their portfolio FAIRLAWN, OH 2,943,6132.9m $68.9m $68.9m 6.16% Added +225.8k +225,771
13 BlueSky Wealth Advisors, LLC 7.40% of their portfolio New Bern, NC 2,400,5752.4m $56.1m $56.1m 7.40% Added +159.4k +159,448
14 ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio Berwyn, PA 2,324,7532.3m $54.3m $54.3m 0.02% Reduced -999.4k -999,372
15 Mariner, LLC 0.06% of their portfolio Overland Park, KS 2,136,3842.1m $49.9m $49.9m 0.06% Added +61.5k +61,502
16 Destination Wealth Management 1.19% of their portfolio Walnut Creek, CA 1,945,7761.9m $45.5m $45.5m 1.19% Added +567.1k +567,128
17 McAdam, LLC 2.05% of their portfolio Philadelphia, PA 1,916,0451.9m $44.8m $44.8m 2.05% Added +136.5k +136,540
18 Pioneer Wealth Management Group 12.87% of their portfolio AUSTIN, TX 1,814,2581.8m $42.4m $42.4m 12.87% Reduced -581.4k -581,419
19 Cetera Investment Advisers 0.04% of their portfolio SCHAUMBURG, IL 1,652,5051.7m $38.6m $38.6m 0.04% Added +13.4k +13,390
20 Blue Trust, Inc. 0.41% of their portfolio BRENTWOOD, TN 1,551,5491.6m $36.3m $36.3m 0.41% Added +71.7k +71,665
21 JONES FINANCIAL COMPANIES LLLP 0.02% of their portfolio DES PERES, MO 1,482,8761.5m $34.7m $34.7m 0.02% Added +311.5k +311,488
22 FINANCIAL LIFE ADVISORS 10.65% of their portfolio SAN ANTONIO, TX 1,477,7531.5m $34.5m $34.5m 10.65% Added +108.2k +108,159
23 Phil A. Younker & Associates, Ltd. 23.92% of their portfolio FAIRBANKS, AK 1,468,1331.5m $34.3m $34.3m 23.92% Added +262.2k +262,162
24 DAYMARK WEALTH PARTNERS, LLC 1.07% of their portfolio CINCINNATI, OH 1,441,9441.4m $33.7m $33.7m 1.07% Added +140.1k +140,132
25 Horst & Graben Wealth Management LLC 4.90% of their portfolio PORTLAND, OR 1,389,1681.4m $32.5m $32.5m 4.90% Reduced -23.9k -23,860
26 TruNorth Capital Management, LLC 5.64% of their portfolio KALAMAZOO, MI 1,271,2461.3m $29.7m $29.7m 5.64% Added +56.0k +56,023
27 KilterHowling LLC 14.88% of their portfolio BOULDER, CO 1,256,4441.3m $29.4m $29.4m 14.88% Added +32.8k +32,832
28 ZynergyRetirementPlanningLLC 18.06% of their portfolio RED BANK, NJ 1,251,5471.3m $29.2m $29.2m 18.06% Added +1.1k +1,117
29 NorthRock Partners, LLC 0.47% of their portfolio MINNEAPOLIS, MN 1,185,7871.2m $27.7m $27.7m 0.47% Added +250.1k +250,145
30 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,183,2831.2m $27.7m $27.7m 0.00% Added +44.7k +44,721
31 Modern Wealth Management, LLC 0.50% of their portfolio KANSAS CITY, MO 1,179,2351.2m $27.6m $27.6m 0.50% Added +26.1k +26,094
32 Mokosak Advisory Group, LLC 6.76% of their portfolio URBANDALE, IA 1,152,0781.2m $26.9m $26.9m 6.76% Added +35.8k +35,782
33 THEORY FINANCIAL LLC 9.00% of their portfolio FORT COLLINS, CO 1,139,1881.1m $26.7m $26.7m 9.00% Reduced -70.9k -70,908
34 Plum Street Advisors, LLC 9.41% of their portfolio NEW ORLEANS, LA 1,130,9411.1m $26.4m $26.4m 9.41% Added +138.8k +138,845
35 Austin Private Wealth, LLC 1.96% of their portfolio Austin, TX 1,116,8351.1m $26.1m $26.1m 1.96% Reduced -64.1k -64,131
36 OSAIC HOLDINGS, INC. 0.04% of their portfolio SCOTTSDALE, AZ 1,077,7031.1m $25.2m $25.2m 0.04% Added +18.2k +18,151
37 Alliance Wealth Management Group 5.23% of their portfolio FLEMINGTON, NJ 1,018,8511.0m $23.8m $23.8m 5.23% Reduced -45.1k -45,091
38 Towercrest Capital Management 3.76% of their portfolio NEWTOWN, PA 1,018,8511.0m $23.8m $23.8m 3.76% Reduced -45.1k -45,091
39 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 991,763991.8k $23.2m $23.2m 0.00% Reduced -8.5k -8,519
40 Creative Planning 0.02% of their portfolio OVERLAND PARK, KS 953,057953.1k $22.3m $22.3m 0.02% Added +523.3k +523,300
41 MERCER GLOBAL ADVISORS INC /ADV 0.03% of their portfolio DENVER, CO 939,297939.3k $22.0m $22.0m 0.03% Added +110.5k +110,464
42 TSA Wealth Managment LLC 7.27% of their portfolio HOUSTON, TX 938,747938.7k $21.9m $21.9m 7.27% Added +15.3k +15,253
43 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 0.33% of their portfolio MINNEAPOLIS, MN 935,914935.9k $21.9m $21.9m 0.33% Reduced -68.2k -68,168
44 Tenret Co LLC 10.81% of their portfolio TAMPA, FL 913,651913.7k $21.4m $21.4m 10.81% Added +27.6k +27,577
45 Vident Advisory, LLC 0.19% of their portfolio Alpharetta, GA 885,913885.9k $20.7m $20.7m 0.19% Reduced -388.9k -388,876
46 Asset Allocation Strategies LLC 3.82% of their portfolio FARMINGTON, MI 882,937882.9k $20.6m $20.6m 3.82% Added +43.1k +43,134
47 ELEVATION POINT WEALTH PARTNERS, LLC 0.97% of their portfolio DENVER, CO 866,561866.6k $20.3m $20.3m 0.97% Added +91.5k +91,465
48 Vestmark Advisory Solutions, Inc. 0.27% of their portfolio Wakefield, MA 866,448866.4k $20.2m $20.2m 0.27% Added +91.4k +91,352
49 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 842,638842.6k $19.7m $19.7m 0.01% Reduced -20.4k -20,413
50 Sanctuary Advisors, LLC 0.11% of their portfolio INDIANAPOLIS, IN 839,357839.4k $19.6m $19.6m 0.11% Reduced -969.4k -969,377
51 Bond & Devick Financial Network, Inc. 5.42% of their portfolio ST. LOUIS PARK, MN 822,996823.0k $19.2m $19.2m 5.42% Added +76.5k +76,480
52 One Wealth Advisors, LLC 2.28% of their portfolio SAN FRANCISCO, CA 797,267797.3k $18.6m $18.6m 2.28% Reduced -8.1k -8,057
53 Revolve Wealth Partners, LLC 2.17% of their portfolio Hackensack, NJ 789,604789.6k $18.5m $18.5m 2.17% Added +36.5k +36,480
54 MONETA GROUP INVESTMENT ADVISORS LLC 0.14% of their portfolio ST LOUIS, MO 781,082781.1k $18.3m $18.3m 0.14% Added +77.9k +77,907
55 MLG Wealth Management DBA Pine Grove Financial Group 2.10% of their portfolio WOODBURY, MN 743,324743.3k $17.4m $17.4m 2.10% First filing
56 Revisor Wealth Management LLC 4.64% of their portfolio AKRON, OH 740,283740.3k $17.3m $17.3m 4.64% Added +45.8k +45,769
57 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 692,539692.5k $16.2m $16.2m 0.01% Reduced -10.1k -10,075
58 Mutual Advisors, LLC 0.35% of their portfolio OMAHA, NE 690,824690.8k $16.1m $16.1m 0.35% Added +7.4k +7,441
59 UBS Group AG 0.00% of their portfolio ZURICH, V8 674,672674.7k $15.8m $15.8m 0.00% Reduced -16.2k -16,210
60 James J. Burns & Company, LLC 2.17% of their portfolio MELVILLE, NY 671,466671.5k $15.7m $15.7m 2.17% Added +9.3k +9,350
61 Pacific Park Financial, Inc. 9.34% of their portfolio LAGINA HILLS, CA 640,008640.0k $15.0m $15.0m 9.34% First filing
62 CFS Investment Advisory Services, LLC 1.08% of their portfolio TOTOWA, NJ 633,702633.7k $14.8m $14.8m 1.08% Reduced -55.6k -55,569
63 Ascent Group, LLC 0.50% of their portfolio VIRGINIA BEACH, VA 628,347628.3k $14.7m $14.7m 0.50% Added +292.6k +292,644
64 Cedar Mountain Advisors, LLC 2.83% of their portfolio LAKE OSWEGO, OR 627,593627.6k $14.7m $14.7m 2.83% Reduced -18.1k -18,109
65 Cerity Partners LLC 0.02% of their portfolio NEW YORK, NY 621,726621.7k $14.5m $14.5m 0.02% Reduced -6.9k -6,897
66 Columbus Macro, LLC 1.53% of their portfolio NEW CASTLE, PA 597,513597.5k $14.0m $14.0m 1.53% Added +4.4k +4,444
67 Amicus Financial Advisors, LLC 3.74% of their portfolio LUBBOCK, TX 574,351574.4k $13.4m $13.4m 3.74% First filing
68 Arnold Financial Planning LLC 13.59% of their portfolio HIAWATHA, IA 564,204564.2k $13.2m $13.2m 13.59% First filing
69 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.08% of their portfolio IRVING, TX 563,098563.1k $13.2m $13.2m 0.08% Reduced -57.4k -57,391
70 CFG Wealth Management Services, Inc. 11.91% of their portfolio INDIANAPOLIS, XX 558,657558.7k $13.1m $13.1m 11.91% First filing
71 Cypress Wealth Services, LLC 1.78% of their portfolio PALM DESERT, CA 549,682549.7k $12.8m $12.8m 1.78% Added +56.7k +56,714
72 Christensen, King & Associates Investment Services, Inc. 5.29% of their portfolio RICHLAND, WA 530,451530.5k $12.4m $12.4m 5.29% Added +19.3k +19,262
73 EP Wealth Advisors, LLC 0.06% of their portfolio TORRANCE, CA 523,420523.4k $12.2m $12.2m 0.06% First filing
74 MYECFO, LLC 5.09% of their portfolio La Jolla, CA 513,371513.4k $12.0m $12.0m 5.09% Added +17.8k +17,847
75 Clearview Wealth Advisors LLC 7.49% of their portfolio SALEM, OR 505,777505.8k $11.8m $11.8m 7.49% Added +8.2k +8,189
76 KICKSTAND VENTURES, LLC. 2.38% of their portfolio PITTSFORD, NY 484,183484.2k $11.3m $11.3m 2.38% Reduced -4.2k -4,159
77 SigFig Wealth Management, LLC 0.33% of their portfolio SAN FRANCISCO, CA 469,825469.8k $11.0m $11.0m 0.33% Added +43.4k +43,406
78 Grove Street Fiduciary, LLC 4.56% of their portfolio PETERBOROUGH, NH 466,430466.4k $10.9m $10.9m 4.56% Reduced -1.7k -1,707
79 Apriem Advisors 0.99% of their portfolio IRVINE, CA 460,852460.9k $10.8m $10.8m 0.99% Added +352 +352
80 Savant Capital, LLC 0.06% of their portfolio ROCKFORD, IL 457,992458.0k $10.7m $10.7m 0.06% Added +4.7k +4,688
81 IFP Advisors, Inc 0.24% of their portfolio TAMPA, FL 453,917453.9k $10.6m $10.6m 0.24% Added +32.3k +32,305
82 Ballast Financial Advisors LLC 10.87% of their portfolio WEST CHESTER, PA 451,800451.8k $10.6m $10.6m 10.87% First filing
83 Mayflower Financial Advisors, LLC 1.25% of their portfolio BOSTON, MA 441,754441.8k $10.3m $10.3m 1.25% Reduced -12.0k -11,961
84 MorganRosel Wealth Management, LLC 2.48% of their portfolio HIGHLANDS RANCH, CO 423,510423.5k $9.9m $9.9m 2.48% Added +22.8k +22,798
85 Summit Financial Strategies, Inc. 0.80% of their portfolio Columbus, OH 414,423414.4k $9.7m $9.7m 0.80% Reduced -50.9k -50,855
86 SIGNATURE ESTATE & INVESTMENT ADVISORS LLC 0.19% of their portfolio LOS ANGELES, CA 404,983405.0k $9.5m $9.5m 0.19% Added +34.3k +34,271
87 Affinity Capital Advisors, LLC 1.30% of their portfolio BERKELEY, CA 401,793401.8k $9.4m $9.4m 1.30% Added +5.6k +5,592
88 Focus Financial Network, Inc. 0.32% of their portfolio MINNEAPOLIS, MN 398,837398.8k $9.3m $9.3m 0.32% Added +5.1k +5,133
89 Tempus Wealth Planning, LLC 2.13% of their portfolio IRVINE, CA 397,795397.8k $9.3m $9.3m 2.13% Added +33.8k +33,761
90 AlphaCore Capital LLC 0.21% of their portfolio LA JOLLA, CA 396,007396.0k $9.3m $9.3m 0.21% Added +1.5k +1,478
91 Daviman Financial, LLC 5.35% of their portfolio FISHERS, IN 389,946389.9k $9.1m $9.1m 5.35% First filing
92 Security Financial Services, INC. 1.43% of their portfolio Fort Wayne, IN 389,230389.2k $9.1m $9.1m 1.43% Added +141.1k +141,053
93 BREAKTHRU ADVISORY SERVICES, LLC 5.75% of their portfolio MUSKEGO, WI 385,142385.1k $9.0m $9.0m 5.75% Added +29.8k +29,815
94 Beacon Pointe Advisors, LLC 0.06% of their portfolio NEWPORT BEACH, CA 374,237374.2k $8.7m $8.7m 0.06% Reduced -18.9k -18,901
95 Ashton Thomas Private Wealth, LLC 0.21% of their portfolio SCOTTSDALE, AZ 369,548369.5k $8.6m $8.6m 0.21% Added +33.4k +33,426
96 FFG RETIREMENT ADVISORS LLC 5.30% of their portfolio CENTENNIAL, CO 365,927365.9k $8.6m $8.6m 5.30% Reduced -3.3k -3,281
97 AE Wealth Management LLC 0.05% of their portfolio TOPEKA, KS 363,972364.0k $8.5m $8.5m 0.05% Reduced -43.2k -43,205
98 HENGEHOLD CAPITAL MANAGEMENT LLC 0.71% of their portfolio CINCINNATI, OH 360,315360.3k $8.4m $8.4m 0.71% Added +23.5k +23,535
99 Unify Financial Advisors 8.75% of their portfolio CLEARWATER, FL 359,234359.2k $8.4m $8.4m 8.75% First filing
100 Peak Financial Management, Inc. 2.13% of their portfolio WELLESLEY, MA 353,378353.4k $8.3m $8.3m 2.13% Added +14.6k +14,589