Vault-13

SCHWAB STRATEGIC TR SCHR

INT-TRM U.S TRES · ETP · CUSIP 808524854

371 institutional holders +14 vs Q4 2022
125,755,052125.8m shares reported held*
$6.4bnreported value*
52 new 132 added 125 reduced 36 sold out net sold ≈ $473.4m (-9.3m 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 ($2.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $50.59. Options: 1 managers hold calls ($353.0k notional), 1 hold puts ($1.4m).

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 332Q4 22: 357Q1 23: 371371Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 2022332
Q4 2022357
Q1 2023371

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q4 22: 155 bought or addedQ4 22: 181 cut or sold outQ4 22Q1 23: 184 bought or addedQ1 23: 161 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022155181
Q1 2023184161

Calls vs puts

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

CallsPuts
$0$500k$1m$1.5mQ3 22 calls: $0Q3 22 puts: $0Q3 22P/C —Q4 22 calls: $0Q4 22 puts: $0Q4 22P/C —Q1 23 calls: $353.0kQ1 23 puts: $1.4mQ1 23P/C 3.93
Numbers
QuarterCallsPutsP/C
Q3 2022$0$0—
Q4 2022$0$0—
Q1 2023$353.0k$1.4m3.93

Biggest buyers

ROYAL BANK OF CANADA Added +4,146,595+4.1m
ASSETMARK, INC Added +863,004+863.0k
Tidal Investments LLC Added +408,159+408.2k
Morningstar Investment Management LLC Added +329,852+329.9k
Tradewinds Capital Management, LLC New +272,720+272.7k
JANE STREET GROUP, LLC Added +205,972+206.0k
Orion Portfolio Solutions, LLC New +201,031+201.0k
STIFEL FINANCIAL CORP Added +200,857+200.9k
MassMutual Private Wealth & Trust, FSB New +196,288+196.3k
Creative Planning Added +188,192+188.2k

Biggest sellers

LPL Financial LLC Reduced -9,642,537-9.6m
JPMORGAN CHASE & CO Reduced -5,408,136-5.4m
Madison Asset Management, LLC Reduced -628,239-628.2k
Your Advocates Ltd., LLP Reduced -579,368-579.4k
KilterHowling LLC Sold out -292,813-292.8k
Thrivent Financial for Lutherans Sold out -268,213-268.2k
Spectrum Asset Management, Inc. (NB/CA) Reduced -170,436-170.4k
Perigon Wealth Management, LLC Reduced -139,819-139.8k
WELLS FARGO & COMPANY/MN Reduced -130,394-130.4k
Donoghue Forlines LLC Sold out -108,556-108.6k

Biggest calls

CITADEL ADVISORS LLC New $353.0k7.0k shares

Biggest puts

CITADEL ADVISORS LLC New $1.4m27.5k 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 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Charles Schwab Investment Advisory, Inc. 6.17% of their portfolio SAN FRANCISCO, CA 76,816,41276.8m $3.9bn $3.9bn 6.17% Added +41.7k +41,658
2 ROYAL BANK OF CANADA 0.13% of their portfolio TORONTO, A6 8,558,2208.6m $431.6m $431.6m 0.13% Added +4.1m +4,146,595
3 JPMORGAN CHASE & CO 0.03% of their portfolio NEW YORK, NY 4,791,0854.8m $241.6m $241.6m 0.03% Reduced -5.4m -5,408,136
4 STIFEL FINANCIAL CORP 0.20% of their portfolio ST. LOUIS, MO 2,732,4882.7m $137.8m $137.8m 0.20% Added +200.9k +200,857
5 AMERIPRISE FINANCIAL INC 0.04% of their portfolio MINNEAPOLIS, MN 2,482,7592.5m $125.2m $125.2m 0.04% Added +146.4k +146,430
6 GOLDMAN SACHS GROUP INC 0.03% of their portfolio NEW YORK, NY 2,064,7792.1m $104.1m $104.1m 0.03% Reduced -72.0k -72,007
7 BerganKDV Wealth Management, LLC 9.20% of their portfolio BLOOMINGTON, MN 1,770,7731.8m $89.3m $89.3m 9.20% Added +118.9k +118,908
8 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 1,450,0001.4m $73.1m $73.1m 0.00% Unchanged
9 Morningstar Investment Management LLC 6.93% of their portfolio CHICAGO, IL 934,158934.2k $47.1m $47.1m 6.93% Added +329.9k +329,852
10 JANE STREET GROUP, LLC 0.08% of their portfolio NEW YORK, NY 921,634921.6k $46.5m $46.5m 0.08% Added +206.0k +205,972
11 ASSETMARK, INC 0.18% of their portfolio CONCORD, CA 873,742873.7k $44.1m $44.1m 0.18% Added +863.0k +863,004
12 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 825,875825.9k $41.6m $41.6m 0.00% Added +100.3k +100,254
13 ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio Berwyn, PA 731,409731.4k $36.9m $36.9m 0.02% Added +100.7k +100,712
14 Hilton Capital Management, LLC 4.71% of their portfolio Garden City, NY 730,629730.6k $36.0m $36.0m 4.71% Reduced -77.9k -77,949
15 Allspring Global Investments Holdings, LLC 0.06% of their portfolio CHARLOTTE, NC 722,037722.0k $36.4m $36.4m 0.06% Unchanged
16 Tidal Investments LLC 0.61% of their portfolio Milwaukee, WI 707,492707.5k $35.7m $35.7m 0.61% Added +408.2k +408,159
17 Cornerstone Wealth Advisors, Inc. 11.14% of their portfolio EDINA, MN 608,014608.0k $30.7m $30.7m 11.14% Added +23.6k +23,581
18 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 574,012574.0k $28.9m $28.9m 0.01% Reduced -7.3k -7,299
19 Moisand Fitzgerald Tamayo, LLC 5.41% of their portfolio ORLANDO, FL 502,831502.8k $25.4m $25.4m 5.41% Added +41.9k +41,889
20 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 472,567472.6k $23.8m $23.8m 0.00% Reduced -29.7k -29,684
21 FOSTER & MOTLEY INC 1.89% of their portfolio CINCINNATI, OH 459,833459.8k $23.2m $23.2m 1.89% Added +36.6k +36,614
22 WestHill Financial Advisors, Inc. 6.68% of their portfolio San Rafael, CA 442,569442.6k $22.3m $22.3m 6.68% Added +24.9k +24,932
23 Avidian Wealth Enterprises, LLC 1.12% of their portfolio Houston, TX 404,005404.0k $20.4m $20.4m 1.12% Reduced -47.1k -47,088
24 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.23% of their portfolio PLYMOUTH, MN 398,810398.8k $20.1m $20.1m 0.23% Reduced -13.7k -13,696
25 LAKE STREET ADVISORS GROUP, LLC 1.22% of their portfolio PORTSMOUTH, NH 389,989390.0k $19.7m $19.7m 1.22% Added +10.2k +10,152
26 Greenline Partners, LLC 3.74% of their portfolio NEW YORK, NY 388,654388.7k $19.6m $19.6m 3.74% Added +18.9k +18,944
27 New York Life Investment Management LLC 0.21% of their portfolio New York, NY 379,493379.5k $19.1m $19.1m 0.21% Added +46.3k +46,317
28 Creative Planning 0.03% of their portfolio OVERLAND PARK, KS 365,203365.2k $18.4m $18.4m 0.03% Added +188.2k +188,192
29 FLC Capital Advisors 5.62% of their portfolio PALM DESERT, CA 364,254364.3k $18.4m $18.4m 5.62% Reduced -15.4k -15,438
30 Resonant Capital Advisors, LLC 2.01% of their portfolio Madison, WI 350,382350.4k $17.7m $17.7m 2.01% Added +27.9k +27,898
31 Galvin, Gaustad & Stein, LLC 1.70% of their portfolio Scottsdale, AZ 343,056343.1k $17.3m $17.3m 1.70% Added +73.3k +73,254
32 West Coast Financial LLC 2.60% of their portfolio SANTA BARBARA, CA 336,299336.3k $17.0m $17.0m 2.60% Added +11.9k +11,859
33 AlphaStar Capital Management, LLC 1.35% of their portfolio CORNELIUS, NC 316,249316.2k $15.9m $15.9m 1.35% Added +130.9k +130,949
34 Morningstar Investment Services LLC 0.21% of their portfolio CHICAGO, IL 311,003311.0k $15.6m $15.6m 0.21% Reduced -12.1k -12,060
35 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 306,278306.3k $15.4m $15.4m 0.01% Reduced -9.6m -9,642,537
36 Sequoia Financial Advisors, LLC 0.34% of their portfolio Akron, OH 303,775303.8k $15.3m $15.3m 0.34% Reduced -19.5k -19,494
37 Tradewinds Capital Management, LLC 4.32% of their portfolio BELLINGHAM, WA 272,720272.7k $13.8m $13.8m 4.32% New
38 LIBRA WEALTH LLC 7.94% of their portfolio LOS GATOS, CA 271,717271.7k $13.7m $13.7m 7.94% Added +1.3k +1,273
39 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 257,749257.7k $13.0m $13.0m 0.01% Added +21.5k +21,535
40 Beacon Wealthcare LLC 6.63% of their portfolio RALEIGH, NC 251,479251.5k $12.7m $12.7m 6.63% Added +6.1k +6,093
41 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 232,925232.9k $11.7m $11.7m 0.02% Reduced -8.9k -8,929
42 Bouchey Financial Group, Ltd. 1.55% of their portfolio TROY, NY 232,191232.2k $11.7m $11.7m 1.55% Added +29.2k +29,224
43 HC Advisors, LLC 7.09% of their portfolio SANDY SPRINGS, GA 227,517227.5k $11.5m $11.5m 7.09% Added +168 +168
44 Kingsview Wealth Management, LLC 0.46% of their portfolio GRANTS PASS, OR 215,166215.2k $10.9m $10.9m 0.46% Reduced -9.5k -9,513
45 Orion Porfolio Solutions, LLC 0.13% of their portfolio OMAHA, NE 201,031201.0k $10.1m $10.1m 0.13% Reduced -35.3k -35,270
46 Orion Portfolio Solutions, LLC 0.13% of their portfolio Omaha, NE 201,031201.0k $10.1m $10.1m 0.13% New
47 First National Trust Co 0.53% of their portfolio Johnstown, PA 199,119199.1k $10.0m $10.0m 0.53% Added +14.9k +14,909
48 Marshall Financial Group, LLC 3.56% of their portfolio Hunt Valley, MD 197,008197.0k $9.9m $9.9m 3.56% Added +68.7k +68,679
49 MassMutual Private Wealth & Trust, FSB 0.38% of their portfolio Windsor, CT 196,288196.3k $9.9m $9.9m 0.38% New
50 Madison Asset Management, LLC 0.15% of their portfolio MADISON, WI 193,052193.1k $9.7m $9.7m 0.15% Reduced -628.2k -628,239
51 CreativeOne Wealth, LLC 0.48% of their portfolio OVERLAND PARK, KS 191,510191.5k $9.7m $9.7m 0.48% Added +10.7k +10,691
52 HARVEST GROUP WEALTH MANAGEMENT, LLC 5.32% of their portfolio WALTHAM, MA 169,795169.8k $8.6m $8.6m 5.32% Added +32.7k +32,709
53 Cetera Advisors LLC 0.14% of their portfolio DENVER, CO 164,593164.6k $8.3m $8.3m 0.14% Added +16.5k +16,504
54 Altiora Financial Group, LLC 3.70% of their portfolio LEBANON, OH 159,228159.2k $8.0m $8.0m 3.70% Added +10.5k +10,475
55 SWS Partners 2.97% of their portfolio COLUMBUS, OH 158,015158.0k $8.0m $8.0m 2.97% Reduced -2.0k -2,046
56 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 153,579153.6k $7.7m $7.7m 0.00% Added +6.1k +6,059
57 Morton Brown Family Wealth, LLC 4.58% of their portfolio ALLENTOWN, PA 152,237152.2k $7.7m $7.7m 4.58% Added +14.9k +14,897
58 Your Advocates Ltd., LLP 4.02% of their portfolio HOUSTON, TX 145,347145.3k $7.3m $7.3m 4.02% Reduced -579.4k -579,368
59 DAVENPORT & Co LLC 0.06% of their portfolio RICHMOND, VA 143,052143.1k $7.2m $7.2m 0.06% Added +8.1k +8,068
60 FLOW TRADERS U.S. LLC 0.26% of their portfolio NEW YORK, NY 128,757128.8k $6.5m $6.5m 0.26% Added +110.7k +110,698
61 MERIDIAN MANAGEMENT CO 2.05% of their portfolio LITTLE ROCK, AR 124,152124.2k $6.3m $6.3m 2.05% Added +17.7k +17,673
62 McAdam, LLC 0.56% of their portfolio Philadelphia, PA 123,708123.7k $6.2m $6.2m 0.56% Reduced -61.5k -61,504
63 Stokes Family Office, LLC 0.77% of their portfolio NEW ORLEANS, LA 122,183122.2k $6.2m $6.2m 0.77% New
64 LIBERTY WEALTH MANAGEMENT LLC 1.24% of their portfolio OAKLAND, CA 119,974120.0k $6.0m $6.0m 1.24% First filing
65 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 114,954115.0k $5.8m $5.8m 0.00% Reduced -130.4k -130,394
66 Oakwell Private Wealth Management, LLC 2.55% of their portfolio Austin, TX 110,983111.0k $5.6m $5.6m 2.55% Added +1.4k +1,390
67 Cambridge Investment Research Advisors, Inc. 0.03% of their portfolio FAIRFIELD, IA 110,871110.9k $5.6m $5.6m 0.03% Added +6.2k +6,197
68 Advisory Alpha, LLC 0.33% of their portfolio HOLLAND, MI 102,598102.6k $5.2m $5.2m 0.33% Added +9.1k +9,127
69 Kaizen Financial Strategies 4.76% of their portfolio CAMPBELL, CA 95,79495.8k $4.8m $4.8m 4.76% Added +31.4k +31,362
70 Summit Wealth Group, LLC 0.01% of their portfolio WHITE RIVER JUNCTION, VT 86,99287.0k $2 $2 0.01% New
71 Opus Capital Group, LLC 0.80% of their portfolio CINCINNATI, OH 86,36686.4k $4.4m $4.4m 0.80% Added +69.5k +69,498
72 Passive Capital Management, LLC. 1.90% of their portfolio BALTIMORE, MD 86,23986.2k $4.3m $4.3m 1.90% Reduced -2.5k -2,486
73 Hendershot Investments Inc. 0.72% of their portfolio CENTREVILLE, VA 84,86684.9k $4.3m $4.3m 0.72% Added +4.2k +4,217
74 SeaCrest Wealth Management, LLC 0.57% of their portfolio PURCHASE, NY 83,89483.9k $4.2m $4.2m 0.57% Reduced -359 -359
75 Inspire Advisors, LLC 0.95% of their portfolio Meridian, ID 81,85481.9k $4.1m $4.1m 0.95% Added +3.2k +3,230
76 Spire Wealth Management 0.16% of their portfolio MCLEAN, VA 81,73481.7k $4.1m $4.1m 0.16% Added +46.8k +46,789
77 Janney Montgomery Scott LLC 0.02% of their portfolio PHILADELPHIA, PA 81,44281.4k $4.1m $4.1m 0.02% Reduced -5.2k -5,173
78 Baird Financial Group, Inc. 0.01% of their portfolio MILWAUKEE, WI 81,14981.1k $4.1m $4.1m 0.01% Added +21.3k +21,294
79 MYECFO, LLC 3.06% of their portfolio La Jolla, CA 80,97381.0k $4.1m $4.1m 3.06% Added +11.8k +11,784
80 Independent Solutions Wealth Management, LLC 1.19% of their portfolio Williamsville, NY 80,20980.2k $4.0m $4.0m 1.19% Added +9.0k +8,970
81 Diligent Investors, LLC 1.24% of their portfolio REDLANDS, CA 79,69079.7k $4.0m $4.0m 1.24% Added +32 +32
82 CGN Advisors LLC 0.63% of their portfolio MANHATTAN, KS 79,41679.4k $4.0m $4.0m 0.63% Added +10.5k +10,493
83 RKL Wealth Management LLC 0.50% of their portfolio LANCASTER, PA 78,70778.7k $4.0m $4.0m 0.50% Reduced -798 -798
84 Allworth Financial LP 0.04% of their portfolio FOLSOM, CA 77,83077.8k $3.9m $3.9m 0.04% Reduced -6.0k -6,011
85 COLDSTREAM CAPITAL MANAGEMENT INC 0.12% of their portfolio BELLEVUE, WA 70,36870.4k $3.5m $3.5m 0.12% Added +4.1k +4,121
86 PAX Financial Group, LLC 0.84% of their portfolio SAN ANTONIO, TX 69,81169.8k $3.5m $3.5m 0.84% Added +13.4k +13,405
87 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 68,87168.9k $3.5m $3.5m 0.01% Added +2.6k +2,617
88 Freedom Investment Management, Inc. 0.38% of their portfolio SOUTH WINDSOR, CT 65,98866.0k $3.3m $3.3m 0.38% Added +7.7k +7,740
89 Asio Capital, LLC 0.85% of their portfolio LEXINGTON, KY 64,86664.9k $3.3m $3.3m 0.85% Added +28.3k +28,301
90 Northwest Capital Management Inc 1.59% of their portfolio Lake Oswego, OR 64,78264.8k $3.3m $3.3m 1.59% Reduced -8.2k -8,232
91 Hilltop Partners LLC 1.47% of their portfolio MISHAWAKA, IN 64,69864.7k $3.3m $3.3m 1.47% New
92 Kestra Advisory Services, LLC 0.04% of their portfolio AUSTIN, TX 64,57464.6k $3.3m $3.3m 0.04% Added +60.3k +60,272
93 BUCKINGHAM STRATEGIC WEALTH, LLC 0.06% of their portfolio CLAYTON, MO 63,22663.2k $3.1m $3.1m 0.06% Unchanged
94 Valmark Advisers, Inc. 0.07% of their portfolio AKRON, OH 62,28162.3k $3.1m $3.1m 0.07% Added +6.6k +6,633
95 Mariner, LLC 0.01% of their portfolio Overland Park, KS 60,50760.5k $3.1m $3.1m 0.01% Reduced -2.2k -2,180
96 UBS Group AG 0.00% of their portfolio ZURICH, V8 60,31860.3k $3.0m $3.0m 0.00% Reduced -6.5k -6,451
97 Integrated Wealth Concepts LLC 0.06% of their portfolio WALTHAM, MA 59,70959.7k $3.0m $3.0m 0.06% Reduced -55.9k -55,941
98 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 57,96858.0k $2.9m $2.9m 0.01% Reduced -1.1k -1,073
99 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 56,61856.6k $2.9m $2.9m 0.00% Reduced -16.5k -16,542
100 BENJAMIN EDWARDS INC 0.70% of their portfolio Clayton, MO 56,53756.5k $2.9m $2.9m 0.70% Added +2.3k +2,268