Vault-13

SCHWAB STRATEGIC TR SCHR

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

393 institutional holders +23 vs Q3 2023
139,520,477139.5m shares reported held*
$6.9bnreported value*
49 new 138 added 125 reduced 46 sold out net bought ≈ $260.3m (+5.2m 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 ($2.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $49.72. Options: 1 managers hold calls ($164.1k notional), 1 hold puts ($154.1k).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 332Q4 22: 357Q1 23: 371Q2 23: 365Q3 23: 370Q4 23: 393393Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 2022332
Q4 2022357
Q1 2023371
Q2 2023365
Q3 2023370
Q4 2023393

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q4 22: 155 bought or addedQ4 22: 181 cut or sold outQ4 22Q1 23: 184 bought or addedQ1 23: 161 cut or sold outQ1 23Q2 23: 208 bought or addedQ2 23: 148 cut or sold outQ2 23Q3 23: 204 bought or addedQ3 23: 146 cut or sold outQ3 23Q4 23: 187 bought or addedQ4 23: 171 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022155181
Q1 2023184161
Q2 2023208148
Q3 2023204146
Q4 2023187171

Calls vs puts

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

CallsPuts
$0$500k$1m$1.5mQ1 23 calls: $353.0kQ1 23 puts: $1.4mQ1 23P/C 3.93Q2 23 calls: $601.2kQ2 23 puts: $192.2kQ2 23P/C 0.32Q3 23 calls: $306.8kQ3 23 puts: $201.3kQ3 23P/C 0.66Q4 23 calls: $164.1kQ4 23 puts: $154.1kQ4 23P/C 0.94
Numbers
QuarterCallsPutsP/C
Q1 2023$353.0k$1.4m3.93
Q2 2023$601.2k$192.2k0.32
Q3 2023$306.8k$201.3k0.66
Q4 2023$164.1k$154.1k0.94

Biggest buyers

Charles Schwab Investment Advisory, Inc. Added +2,235,047+2.2m
Pacific Sage Partners, LLC New +1,233,128+1.2m
Busey Bank New +644,991+645.0k
True North Advisors, LLC New +538,618+538.6k
Crane Advisory, LLC New +461,173+461.2k
Allworth Financial LP Added +364,808+364.8k
OSAIC HOLDINGS, INC. Added +305,375+305.4k
Your Advocates Ltd., LLP Added +303,697+303.7k
MORGAN STANLEY Added +275,102+275.1k
GenTrust, LLC New +207,411+207.4k

Biggest sellers

JPMORGAN CHASE & CO Reduced -1,988,817-2.0m
ASSETMARK, INC Sold out -639,622-639.6k
BANK OF AMERICA CORP /DE/ Reduced -422,440-422.4k
Tidal Investments LLC Sold out -216,177-216.2k
JANE STREET GROUP, LLC Sold out -199,108-199.1k
GTS SECURITIES LLC Sold out -159,926-159.9k
Kestra Advisory Services, LLC Reduced -143,674-143.7k
Donoghue Forlines LLC Sold out -99,214-99.2k
CGN Advisors LLC Sold out -96,162-96.2k
COLDSTREAM CAPITAL MANAGEMENT INC Sold out -88,743-88.7k

Biggest calls

CITADEL ADVISORS LLC Reduced $164.1k3.3k shares

Biggest puts

CITADEL ADVISORS LLC Reduced $154.1k3.1k 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, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Charles Schwab Investment Advisory, Inc. 5.68% of their portfolio SAN FRANCISCO, CA 79,489,75979.5m $4.0bn $4.0bn 5.68% Added +2.2m +2,235,047
2 ROYAL BANK OF CANADA 0.13% of their portfolio TORONTO, A6 10,317,18410.3m $513.0m $513.0m 0.13% Reduced -2.9k -2,949
3 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 3,673,1363.7m $182.6m $182.6m 0.01% Reduced -2.0m -1,988,817
4 AMERIPRISE FINANCIAL INC 0.05% of their portfolio MINNEAPOLIS, MN 3,510,0303.5m $174.5m $174.5m 0.05% Reduced -47.7k -47,722
5 STIFEL FINANCIAL CORP 0.18% of their portfolio ST. LOUIS, MO 2,933,4432.9m $145.9m $145.9m 0.18% Reduced -5.7k -5,749
6 GOLDMAN SACHS GROUP INC 0.03% of their portfolio NEW YORK, NY 2,582,9202.6m $128.4m $128.4m 0.03% Added +206.8k +206,751
7 Creative Planning 0.15% of their portfolio OVERLAND PARK, KS 1,584,5531.6m $78.8m $78.8m 0.15% Reduced -21.4k -21,400
8 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 1,450,0001.4m $72.1m $72.1m 0.00% Unchanged
9 Pacific Sage Partners, LLC 16.80% of their portfolio EDMONDS, WA 1,233,1281.2m $61.3m $61.3m 16.80% New
10 ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio Berwyn, PA 1,205,8691.2m $60.0m $60.0m 0.02% Added +130.8k +130,806
11 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 973,688973.7k $48.4m $48.4m 0.00% Added +275.1k +275,102
12 Hilton Capital Management, LLC 5.16% of their portfolio Garden City, NY 968,816968.8k $48.2m $48.2m 5.16% Added +9.3k +9,258
13 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.14% of their portfolio PLYMOUTH, MN 963,791963.8k $47.9m $47.9m 0.14% Reduced -47.7k -47,732
14 Cornerstone Wealth Advisors, Inc. 13.46% of their portfolio EDINA, MN 836,639836.6k $41.6m $41.6m 13.46% Added +117.3k +117,332
15 Northwest Capital Management Inc 12.88% of their portfolio Lake Oswego, OR 772,461772.5k $38.4m $38.4m 12.88% Added +172.4k +172,431
16 CWM, LLC 0.21% of their portfolio OMAHA, NE 766,701766.7k $38.1m $38.1m 0.21% Added +171.9k +171,936
17 Allspring Global Investments Holdings, LLC 0.06% of their portfolio CHARLOTTE, NC 722,037722.0k $35.9m $35.9m 0.06% Unchanged
18 Busey Bank 1.23% of their portfolio URBANA, IL 644,991645.0k $32.1m $32.1m 1.23% New
19 Moisand Fitzgerald Tamayo, LLC 5.49% of their portfolio ORLANDO, FL 638,799638.8k $31.8m $31.8m 5.49% Added +107.8k +107,844
20 Resonant Capital Advisors, LLC 3.00% of their portfolio Madison, WI 624,151624.2k $31.0m $31.0m 3.00% Added +50.1k +50,112
21 Allworth Financial LP 0.23% of their portfolio FOLSOM, CA 614,937614.9k $30.6m $30.6m 0.23% Added +364.8k +364,808
22 Morningstar Investment Services LLC 0.16% of their portfolio CHICAGO, IL 578,863578.9k $28.8m $28.8m 0.16% Added +185.6k +185,570
23 OSAIC HOLDINGS, INC. 0.05% of their portfolio SCOTTSDALE, AZ 566,756566.8k $28.2m $28.2m 0.05% Added +305.4k +305,375
24 True North Advisors, LLC 6.88% of their portfolio Dallas, TX 538,618538.6k $26.8m $26.8m 6.88% New
25 Madison Asset Management, LLC 0.36% of their portfolio MADISON, WI 531,010531.0k $26.4m $26.4m 0.36% Added +16.2k +16,221
26 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 515,704515.7k $25.6m $25.6m 0.00% Reduced -422.4k -422,440
27 Clearstead Advisors, LLC 1.34% of their portfolio CLEVELAND, OH 507,853507.9k $25.3m $25.3m 1.34% Added +46.0k +46,015
28 FLC Capital Advisors 6.63% of their portfolio PALM DESERT, CA 494,888494.9k $24.6m $24.6m 6.63% Added +120.8k +120,761
29 Avidian Wealth Enterprises, LLC 1.53% of their portfolio Houston, TX 492,698492.7k $24.5m $24.5m 1.53% Added +33.4k +33,358
30 Your Advocates Ltd., LLP 9.79% of their portfolio HOUSTON, TX 489,198489.2k $24.3m $24.3m 9.79% Added +303.7k +303,697
31 FOSTER & MOTLEY INC 1.75% of their portfolio CINCINNATI, OH 473,959474.0k $23.6m $23.6m 1.75% Reduced -11.4k -11,443
32 Crane Advisory, LLC 5.12% of their portfolio FULLERTON, CA 461,173461.2k $22.8m $22.8m 5.12% New
33 WestHill Financial Advisors, Inc. 5.83% of their portfolio San Rafael, CA 442,261442.3k $22.0m $22.0m 5.83% Reduced -16.4k -16,396
34 Galvin, Gaustad & Stein, LLC 2.00% of their portfolio Scottsdale, AZ 430,817430.8k $21.4m $21.4m 2.00% Added +15.0k +15,005
35 Greenline Partners, LLC 3.38% of their portfolio NEW YORK, NY 401,792401.8k $20.0m $20.0m 3.38% Reduced -25.9k -25,872
36 Bouchey Financial Group, Ltd. 2.04% of their portfolio TROY, NY 382,761382.8k $19.0m $19.0m 2.04% Added +165.1k +165,125
37 First National Trust Co 0.83% of their portfolio Johnstown, PA 378,293378.3k $18.8m $18.8m 0.83% Added +86.7k +86,660
38 Beacon Wealthcare LLC 9.04% of their portfolio RALEIGH, NC 378,017378.0k $18.8m $18.8m 9.04% Added +111.1k +111,051
39 West Coast Financial LLC 2.47% of their portfolio SANTA BARBARA, CA 377,984378.0k $18.8m $18.8m 2.47% Added +59.0k +58,988
40 FINANCIAL COUNSELORS INC 0.33% of their portfolio Overland Park, KS 373,159373.2k $18.6m $18.6m 0.33% Reduced -54.5k -54,493
41 LAKE STREET ADVISORS GROUP, LLC 0.87% of their portfolio PORTSMOUTH, NH 346,755346.8k $17.2m $17.2m 0.87% Reduced -63.8k -63,787
42 MassMutual Private Wealth & Trust, FSB 0.55% of their portfolio Windsor, CT 329,314329.3k $16.4m $16.4m 0.55% Reduced -30.3k -30,336
43 HC Advisors, LLC 8.54% of their portfolio SANDY SPRINGS, GA 306,549306.5k $15.2m $15.2m 8.54% Added +56.1k +56,104
44 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 304,353304.4k $15.1m $15.1m 0.00% Reduced -7.0k -7,013
45 AlphaStar Capital Management, LLC 1.36% of their portfolio CORNELIUS, NC 300,461300.5k $14.9m $14.9m 1.36% Reduced -4.7k -4,732
46 Tradition Wealth Management, LLC 1.56% of their portfolio EDINA, MN 299,228299.2k $14.9m $14.9m 1.56% Added +105.5k +105,516
47 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 292,386292.4k $14.5m $14.5m 0.01% Reduced -38.2k -38,216
48 Intelligence Driven Advisers, LLC 2.30% of their portfolio CARLSBAD, CA 285,508285.5k $14.2m $14.2m 2.30% Reduced -12.2k -12,168
49 BlackRock Inc. 0.00% of their portfolio New York, NY 272,360272.4k $13.5m $13.5m 0.00% Added +51.0k +50,992
50 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 267,686267.7k $13.3m $13.3m 0.00% Added +156.5k +156,453
51 Sequoia Financial Advisors, LLC 0.16% of their portfolio Akron, OH 258,188258.2k $12.8m $12.8m 0.16% Reduced -14.4k -14,354
52 DAVENPORT & Co LLC 0.09% of their portfolio RICHMOND, VA 255,318255.3k $12.7m $12.7m 0.09% Added +9.7k +9,722
53 Orion Porfolio Solutions, LLC 0.14% of their portfolio OMAHA, NE 235,221235.2k $11.6m $11.6m 0.14% Reduced -26.1k -26,084
54 Orion Portfolio Solutions, LLC 0.14% of their portfolio Omaha, NE 235,221235.2k $11.6m $11.6m 0.14% Reduced -26.1k -26,084
55 Stokes Family Office, LLC 1.55% of their portfolio NEW ORLEANS, LA 231,351231.4k $11.5m $11.5m 1.55% Added +7.8k +7,804
56 Marshall Financial Group, LLC 3.66% of their portfolio Hunt Valley, MD 228,628228.6k $11.4m $11.4m 3.66% Added +9.7k +9,665
57 Altiora Financial Group, LLC 3.26% of their portfolio LEBANON, OH 226,258226.3k $11.2m $11.2m 3.26% Added +145.3k +145,337
58 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 217,650217.7k $10.8m $10.8m 0.01% Reduced -42.4k -42,434
59 GenTrust, LLC 0.68% of their portfolio MIAMI, FL 207,411207.4k $10.3m $10.3m 0.68% New
60 SWS Partners 3.22% of their portfolio COLUMBUS, OH 198,667198.7k $9.9m $9.9m 3.22% Added +29.1k +29,112
61 Morton Brown Family Wealth, LLC 4.01% of their portfolio ALLENTOWN, PA 183,880183.9k $9.1m $9.1m 4.01% Added +9.9k +9,853
62 Kingsview Wealth Management, LLC 0.27% of their portfolio GRANTS PASS, OR 180,364180.4k $9.0m $9.0m 0.27% Reduced -23.8k -23,787
63 Morningstar Investment Management LLC 1.00% of their portfolio CHICAGO, IL 175,626175.6k $8.7m $8.7m 1.00% Reduced -45.6k -45,625
64 Cetera Advisors LLC 0.12% of their portfolio DENVER, CO 171,932171.9k $8.5m $8.5m 0.12% Reduced -14.8k -14,760
65 McAdam, LLC 0.61% of their portfolio Philadelphia, PA 168,836168.8k $8.4m $8.4m 0.61% Added +9.5k +9,489
66 Mariner, LLC 0.02% of their portfolio Overland Park, KS 168,726168.7k $8.4m $8.4m 0.02% Added +48.2k +48,161
67 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 153,972154.0k $7.7m $7.7m 0.00% Reduced -12.8k -12,805
68 Vident Advisory, LLC 0.18% of their portfolio Alpharetta, GA 140,838140.8k $7.0m $7.0m 0.18% Reduced -15.9k -15,947
69 Kestra Advisory Services, LLC 0.05% of their portfolio AUSTIN, TX 133,515133.5k $6.6m $6.6m 0.05% Reduced -143.7k -143,674
70 One Degree Advisors Inc 3.31% of their portfolio SAN DIEGO, CA 131,776131.8k $6.5m $6.5m 3.31% First filing
71 Envestnet Portfolio Solutions, Inc. 0.03% of their portfolio BERWYN, PA 128,417128.4k $6.4m $6.4m 0.03% Added +18.3k +18,261
72 Financial Engines Advisors L.L.C. 0.01% of their portfolio SANTA CLARA, CA 127,125127.1k $6.3m $6.3m 0.01% Added +102.3k +102,263
73 LIBRA WEALTH LLC 3.11% of their portfolio LOS GATOS, CA 125,829125.8k $6.3m $6.3m 3.11% Added +9.9k +9,937
74 CreativeOne Wealth, LLC 0.40% of their portfolio OVERLAND PARK, KS 125,173125.2k $6.2m $6.2m 0.40% Reduced -4.3k -4,258
75 Janney Montgomery Scott LLC 0.02% of their portfolio PHILADELPHIA, PA 123,470123.5k $6.1m $6.1m 0.02% Added +6.5k +6,462
76 Oakwell Private Wealth Management, LLC 2.12% of their portfolio Austin, TX 122,134122.1k $6.1m $6.1m 2.12% Added +8.9k +8,869
77 LexAurum Advisors, LLC 1.57% of their portfolio OVERLAND PARK, KS 120,791120.8k $6.0m $6.0m 1.57% Added +4.3k +4,329
78 Advisory Alpha, LLC 0.26% of their portfolio HOLLAND, MI 112,388112.4k $5.6m $5.6m 0.26% Reduced -3.1k -3,099
79 Independent Solutions Wealth Management, LLC 1.36% of their portfolio Williamsville, NY 107,005107.0k $5.3m $5.3m 1.36% Added +2.8k +2,801
80 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 105,882105.9k $5.3m $5.3m 0.01% Reduced -198 -198
81 BENJAMIN F. EDWARDS & COMPANY, INC. 0.10% of their portfolio ST. LOUIS, MO 103,687103.7k $5.2m $5.2m 0.10% Added +60.0k +60,001
82 BUCKINGHAM STRATEGIC WEALTH, LLC 0.06% of their portfolio CLAYTON, MO 98,73798.7k $4.9m $4.9m 0.06% Added +21.0k +21,005
83 Private Advisor Group, LLC 0.04% of their portfolio MORRISTOWN, NJ 97,77097.8k $4.9m $4.9m 0.04% Added +17.4k +17,352
84 EXENCIAL WEALTH ADVISORS, LLC 0.20% of their portfolio OKLAHOMA CITY, OK 96,96097.0k $4.8m $4.8m 0.20% Added +91.5k +91,520
85 MYECFO, LLC 2.90% of their portfolio La Jolla, CA 92,53192.5k $4.6m $4.6m 2.90% Added +10.5k +10,541
86 Christensen, King & Associates Investment Services, Inc. 2.46% of their portfolio RICHLAND, WA 92,28892.3k $4.6m $4.6m 2.46% First filing
87 FOCUS FINANCIAL NETWORK INC /ADV 0.17% of their portfolio Minneapolis, MN 92,25292.3k $4.6m $4.6m 0.17% First filing
88 Upper Left Wealth Management, LLC 4.35% of their portfolio TAMPA, FL 89,26489.3k $4.4m $4.4m 4.35% Reduced -42.2k -42,230
89 Darrow Company, Inc. 3.35% of their portfolio Needham, MA 87,80687.8k $4.4m $4.4m 3.35% New
90 Fiduciary Alliance LLC 0.84% of their portfolio GREENVILLE, SC 86,18486.2k $4.3m $4.3m 0.84% New
91 Heritage Wealth Management, Inc. /CA/ 4.42% of their portfolio SAN DIEGO, CA 82,42282.4k $4.1m $4.1m 4.42% First filing
92 Hendershot Investments Inc. 0.63% of their portfolio CENTREVILLE, VA 82,03382.0k $4.1m $4.1m 0.63% Reduced -5.2k -5,166
93 BENJAMIN EDWARDS INC 0.88% of their portfolio Clayton, MO 80,89680.9k $4.0m $4.0m 0.88% Reduced -1.8k -1,756
94 Passive Capital Management, LLC. 1.63% of their portfolio BALTIMORE, MD 80,76080.8k $4.0m $4.0m 1.63% Reduced -805 -805
95 UBS Group AG 0.00% of their portfolio ZURICH, V8 80,22180.2k $4.0m $4.0m 0.00% Reduced -44.0k -44,004
96 Asio Capital, LLC 0.91% of their portfolio LEXINGTON, KY 78,61678.6k $3.9m $3.9m 0.91% Reduced -270 -270
97 Valmark Advisers, Inc. 0.07% of their portfolio AKRON, OH 77,83977.8k $3.9m $3.9m 0.07% Added +13.8k +13,783
98 PAX Financial Group, LLC 0.78% of their portfolio SAN ANTONIO, TX 76,71876.7k $3.8m $3.8m 0.78% Reduced -12.8k -12,803
99 MML INVESTORS SERVICES, LLC 0.02% of their portfolio SPRINGFIELD, MA 75,69575.7k $3.8m $3.8m 0.02% Added +1.5k +1,518
100 ADVOCATE GROUP LLC 0.79% of their portfolio MINNETONKA, MN 74,32874.3k $3.7m $3.7m 0.79% Added +46.2k +46,161