Vault-13

SCHWAB STRATEGIC TR SCHR

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

464 institutional holders +22 vs Q1 2025
388,488,118388.5m shares reported held*
$9.7bnreported value*
61 new 190 added 148 reduced 45 sold out net bought ≈ $802.5m (+32.2m 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 ($2.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $25.03.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 332Q4 22: 357Q1 23: 371Q2 23: 365Q3 23: 370Q4 23: 393Q1 24: 373Q2 24: 388Q3 24: 385Q4 24: 430Q1 25: 442Q2 25: 464464Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022332
Q4 2022357
Q1 2023371
Q2 2023365
Q3 2023370
Q4 2023393
Q1 2024373
Q2 2024388
Q3 2024385
Q4 2024430
Q1 2025442
Q2 2025464

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q3 23: 204 bought or addedQ3 23: 146 cut or sold outQ4 23: 187 bought or addedQ4 23: 171 cut or sold outQ4 23Q1 24: 195 bought or addedQ1 24: 178 cut or sold outQ2 24: 212 bought or addedQ2 24: 143 cut or sold outQ2 24Q3 24: 222 bought or addedQ3 24: 138 cut or sold outQ4 24: 221 bought or addedQ4 24: 159 cut or sold outQ4 24Q1 25: 262 bought or addedQ1 25: 168 cut or sold outQ2 25: 251 bought or addedQ2 25: 193 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023204146
Q4 2023187171
Q1 2024195178
Q2 2024212143
Q3 2024222138
Q4 2024221159
Q1 2025262168
Q2 2025251193

Calls vs puts

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

CallsPuts
$0$250k$500k$750k$1mQ3 24 calls: $60.7kQ3 24 puts: $845.0kQ3 24P/C 13.92Q4 24 calls: $65.6kQ4 24 puts: $0Q4 24P/C 0.00Q1 25 calls: $22.4kQ1 25 puts: $75.9kQ1 25P/C 3.39Q2 25 calls: $0Q2 25 puts: $0Q2 25P/C —
Numbers
QuarterCallsPutsP/C
Q3 2024$60.7k$845.0k13.92
Q4 2024$65.6k$00.00
Q1 2025$22.4k$75.9k3.39
Q2 2025$0$0—

Biggest buyers

ROYAL BANK OF CANADA Added +26,110,674+26.1m
CHARLES SCHWAB INVESTMENT MANAGEMENT INC Added +2,372,455+2.4m
EXCHANGE TRADED CONCEPTS, LLC New +1,740,588+1.7m
Cerity Partners LLC Added +1,636,172+1.6m
Moisand Fitzgerald Tamayo, LLC Added +1,120,524+1.1m
AlphaStar Capital Management, LLC New +855,968+856.0k
Empowered Funds, LLC Added +747,039+747.0k
Holcombe Financial, Inc. New +452,546+452.5k
BANK OF AMERICA CORP /DE/ Added +369,539+369.5k
White Pine Investment CO Added +299,557+299.6k

Biggest sellers

West Coast Financial LLC Sold out -1,466,598-1.5m
FINANCIAL COUNSELORS INC Sold out -880,107-880.1k
AMERIPRISE FINANCIAL INC Reduced -875,248-875.2k
Northwest Capital Management Inc Reduced -697,374-697.4k
CWM, LLC Reduced -515,184-515.2k
Tidal Investments LLC Sold out -512,393-512.4k
Madison Asset Management, LLC Reduced -463,018-463.0k
Hilton Capital Management, LLC Sold out -288,331-288.3k
CREATIVE FINANCIAL DESIGNS INC /ADV Reduced -224,662-224.7k
ENVESTNET ASSET MANAGEMENT INC Reduced -203,144-203.1k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.96% of their portfolio SAN FRANCISCO, CA 221,741,946221.7m $5.6bn $5.6bn 0.96% Added +2.4m +2,372,455
2 ROYAL BANK OF CANADA 0.11% of their portfolio TORONTO, A6 44,681,33244.7m $1.1bn $1.1bn 0.11% Added +26.1m +26,110,674
3 AMERIPRISE FINANCIAL INC 0.08% of their portfolio MINNEAPOLIS, MN 12,231,66812.2m $306.1m $306.1m 0.08% Reduced -875.2k -875,248
4 STIFEL FINANCIAL CORP 0.19% of their portfolio ST. LOUIS, MO 8,007,9728.0m $200.4m $200.4m 0.19% Reduced -88.6k -88,574
5 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 4,654,8174.7m $116.5m $116.5m 0.01% Reduced -34.6k -34,601
6 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 3,762,9983.8m $94.2m $94.2m 0.01% Added +369.5k +369,539
7 Cornerstone Wealth Advisors, Inc. 22.45% of their portfolio EDINA, MN 3,470,6413.5m $86.9m $86.9m 22.45% Added +49.0k +48,995
8 Moisand Fitzgerald Tamayo, LLC 10.31% of their portfolio ORLANDO, FL 3,256,1033.3m $81.5m $81.5m 10.31% Added +1.1m +1,120,524
9 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 2,900,0002.9m $72.6m $72.6m 0.00% Unchanged
10 Pacific Sage Partners, LLC 13.06% of their portfolio EDMONDS, WA 2,627,5442.6m $65.8m $65.8m 13.06% Reduced -85.2k -85,204
11 ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio Berwyn, PA 2,509,9832.5m $62.8m $62.8m 0.02% Reduced -203.1k -203,144
12 Resonant Capital Advisors, LLC 3.74% of their portfolio Madison, WI 2,342,6622.3m $58.6m $58.6m 3.74% Added +161.5k +161,535
13 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.09% of their portfolio PLYMOUTH, MN 2,265,3542.3m $56.2m $56.2m 0.09% Reduced -5.5k -5,542
14 Avidian Wealth Enterprises, LLC 2.01% of their portfolio Houston, TX 1,974,8122.0m $49.4m $49.4m 2.01% Added +75.0k +75,037
15 Intelligence Driven Advisers, LLC 6.67% of their portfolio CARLSBAD, CA 1,767,1351.8m $44.2m $44.2m 6.67% Added +165.3k +165,252
16 Crane Advisory, LLC 7.22% of their portfolio FULLERTON, CA 1,759,0461.8m $43.6m $43.6m 7.22% Reduced -12.9k -12,853
17 EXCHANGE TRADED CONCEPTS, LLC 0.56% of their portfolio Oklahoma City, OK 1,740,5881.7m $43.6m $43.6m 0.56% New
18 Cerity Partners LLC 0.07% of their portfolio NEW YORK, NY 1,654,3201.7m $41.4m $41.4m 0.07% Added +1.6m +1,636,172
19 ASSETMARK, INC 0.09% of their portfolio CONCORD, CA 1,604,1591.6m $40.2m $40.2m 0.09% Added +60.2k +60,159
20 Clearstead Advisors, LLC 0.56% of their portfolio CLEVELAND, OH 1,583,7731.6m $39.6m $39.6m 0.56% Reduced -15.7k -15,728
21 FLC Capital Advisors 7.30% of their portfolio PALM DESERT, CA 1,410,8321.4m $35.3m $35.3m 7.30% Added +171.6k +171,594
22 Advisory Alpha, LLC 1.08% of their portfolio HOLLAND, MI 1,380,2461.4m $34.5m $34.5m 1.08% Added +145.1k +145,142
23 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,262,5351.3m $31.6m $31.6m 0.00% Added +97.7k +97,653
24 Bouchey Financial Group, Ltd. 2.53% of their portfolio TROY, NY 1,215,6951.2m $30.4m $30.4m 2.53% Reduced -67.8k -67,811
25 Madison Asset Management, LLC 0.33% of their portfolio MADISON, WI 1,207,5181.2m $30.2m $30.2m 0.33% Reduced -463.0k -463,018
26 FOSTER & MOTLEY INC 1.71% of their portfolio CINCINNATI, OH 1,185,6221.2m $29.7m $29.7m 1.71% Reduced -146.9k -146,948
27 Beacon Wealthcare LLC 11.09% of their portfolio RALEIGH, NC 1,175,1571.2m $29.4m $29.4m 11.09% Added +7.9k +7,885
28 High Probability Advisors, LLC 4.28% of their portfolio Pittsford, NY 1,144,4621.1m $28.6m $28.6m 4.28% Added +8.6k +8,584
29 Empowered Funds, LLC 0.32% of their portfolio NEWTOWN SQUARE, PA 1,134,3191.1m $28.3m $28.3m 0.32% Added +747.0k +747,039
30 Stokes Family Office, LLC 2.98% of their portfolio NEW ORLEANS, LA 1,133,4151.1m $28.4m $28.4m 2.98% Reduced -44.4k -44,414
31 Baird Financial Group, Inc. 0.05% of their portfolio MILWAUKEE, WI 1,128,2501.1m $28.2m $28.2m 0.05% Added +96.6k +96,571
32 First National Trust Co 1.03% of their portfolio Johnstown, PA 1,099,8951.1m $27.5m $27.5m 1.03% Added +38.4k +38,368
33 WestHill Financial Advisors, Inc. 5.63% of their portfolio San Rafael, CA 1,061,1321.1m $26.6m $26.6m 5.63% Added +9.0k +9,047
34 Creative Planning 0.02% of their portfolio OVERLAND PARK, KS 1,059,1141.1m $26.5m $26.5m 0.02% Reduced -67.0k -66,962
35 Galvin, Gaustad & Stein, LLC 2.24% of their portfolio Scottsdale, AZ 1,037,0651.0m $26.0m $26.0m 2.24% Added +40.4k +40,365
36 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 1,012,8841.0m $25.4m $25.4m 0.01% Added +95.1k +95,117
37 DAVENPORT & Co LLC 0.14% of their portfolio RICHMOND, VA 1,011,3921.0m $25.3m $25.3m 0.14% Added +44.1k +44,130
38 Allworth Financial LP 0.12% of their portfolio FOLSOM, CA 1,008,5681.0m $25.2m $25.2m 0.12% Reduced -48.3k -48,309
39 Midwest Trust Co 0.31% of their portfolio Overland Park, KS 883,221883.2k $22.1m $22.1m 0.31% First filing
40 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 873,958874.0k $21.9m $21.9m 0.00% Reduced -54.1k -54,080
41 BlackRock, Inc. 0.00% of their portfolio New York, NY 864,333864.3k $21.6m $21.6m 0.00% Added +8.5k +8,489
42 Tradition Wealth Management, LLC 1.72% of their portfolio EDINA, MN 861,612861.6k $21.6m $21.6m 1.72% Added +16.0k +16,038
43 AlphaStar Capital Management, LLC 1.51% of their portfolio CORNELIUS, NC 855,968856.0k $21.4m $21.4m 1.51% New
44 HC Advisors, LLC 14.38% of their portfolio SANDY SPRINGS, GA 813,609813.6k $20.4m $20.4m 14.38% Added +1.1k +1,139
45 Your Advocates Ltd., LLP 7.11% of their portfolio HOUSTON, TX 790,678790.7k $19.8m $19.8m 7.11% Added +7.8k +7,789
46 MassMutual Private Wealth & Trust, FSB 0.47% of their portfolio Windsor, CT 704,762704.8k $17.6m $17.6m 0.47% Reduced -6.0k -6,012
47 DIVERSIFY WEALTH MANAGEMENT, LLC 1.08% of their portfolio SANDY, UT 698,569698.6k $17.4m $17.4m 1.08% Added +72.1k +72,114
48 Archer Investment Management, LLC 12.63% of their portfolio AUSTIN, TX 695,093695.1k $17.4m $17.4m 12.63% Added +36.5k +36,529
49 Cetera Investment Advisers 0.03% of their portfolio SCHAUMBURG, IL 640,429640.4k $16.0m $16.0m 0.03% Added +36.2k +36,239
50 Altiora Financial Group, LLC 3.09% of their portfolio LEBANON, OH 632,372632.4k $15.8m $15.8m 3.09% Added +83 +83
51 PURE PORTFOLIOS HOLDINGS LLC 5.36% of their portfolio LAKE OSWEGO, OR 632,148632.1k $15.8m $15.8m 5.36% Added +126.8k +126,771
52 Summit Financial, LLC 0.35% of their portfolio PARSIPPANY, NJ 612,910612.9k $15.3m $15.3m 0.35% Added +28.6k +28,583
53 One Degree Advisors Inc 5.24% of their portfolio SAN DIEGO, CA 587,661587.7k $14.7m $14.7m 5.24% Added +36.3k +36,285
54 Marshall Financial Group, LLC 2.83% of their portfolio Hunt Valley, MD 582,454582.5k $14.4m $14.4m 2.83% Reduced -8.4k -8,351
55 SWS Partners 3.88% of their portfolio COLUMBUS, OH 573,945573.9k $14.4m $14.4m 3.88% Added +47.2k +47,236
56 Morton Brown Family Wealth, LLC 4.18% of their portfolio ALLENTOWN, PA 549,484549.5k $13.8m $13.8m 4.18% Added +52.3k +52,336
57 Kathmere Capital Management, LLC 1.03% of their portfolio WAYNE, PA 532,900532.9k $13.3m $13.3m 1.03% Added +66.6k +66,628
58 Vident Advisory, LLC 0.15% of their portfolio Alpharetta, GA 519,525519.5k $13.0m $13.0m 0.15% Added +209.2k +209,206
59 EXENCIAL WEALTH ADVISORS, LLC 0.44% of their portfolio OKLAHOMA CITY, OK 498,190498.2k $12.5m $12.5m 0.44% Added +75.3k +75,350
60 JONES FINANCIAL COMPANIES LLLP 0.01% of their portfolio DES PERES, MO 496,618496.6k $12.4m $12.4m 0.01% Added +178.2k +178,224
61 Holcombe Financial, Inc. 8.53% of their portfolio ATLANTA, GA 452,546452.5k $11.3m $11.3m 8.53% New
62 KEYVANTAGE WEALTH, LLC 5.06% of their portfolio BETHLEHEM, PA 450,255450.3k $11.3m $11.3m 5.06% Reduced -311 -311
63 SENTINEL PENSION ADVISORS, LLC 1.89% of their portfolio WAKEFIELD, MA 449,535449.5k $11.3m $11.3m 1.89% Added +38.6k +38,609
64 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 440,257440.3k $11.0m $11.0m 0.00% Reduced -12.2k -12,193
65 Walkner Condon Financial Advisors LLC 1.96% of their portfolio MADISON, WI 425,395425.4k $10.6m $10.6m 1.96% Added +28.1k +28,133
66 Fiduciary Alliance LLC 0.76% of their portfolio GREENVILLE, SC 407,125407.1k $10.2m $10.2m 0.76% Reduced -10.9k -10,943
67 Attessa Capital LLC 6.02% of their portfolio TUCSON, AZ 375,231375.2k $9.4m $9.4m 6.02% Added +71.2k +71,246
68 McAdam, LLC 0.51% of their portfolio Philadelphia, PA 371,836371.8k $9.3m $9.3m 0.51% Added +16.8k +16,761
69 Act Two Investors LLC 1.90% of their portfolio SANTA CRUZ, CA 371,118371.1k $9.3m $9.3m 1.90% Added +7.1k +7,117
70 Destiny Wealth Partners, LLC 1.23% of their portfolio TAVARES, FL 365,808365.8k $9.2m $9.2m 1.23% Added +5.2k +5,250
71 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 363,497363.5k $9.1m $9.1m 0.00% Added +3.0k +2,968
72 White Pine Investment CO 2.27% of their portfolio LIVONIA, MI 363,196363.2k $9.1m $9.1m 2.27% Added +299.6k +299,557
73 Oakwell Private Wealth Management, LLC 2.01% of their portfolio Austin, TX 348,994349.0k $8.7m $8.7m 2.01% Added +30.6k +30,598
74 CWM, LLC 0.03% of their portfolio OMAHA, NE 348,131348.1k $8.7m $8.7m 0.03% Reduced -515.2k -515,184
75 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 342,715342.7k $8.6m $8.6m 0.00% Added +94.4k +94,412
76 Stratos Wealth Advisors, LLC 0.45% of their portfolio BEACHWOOD, OH 342,245342.2k $8.6m $8.6m 0.45% Added +904 +904
77 Darrow Company, Inc. 4.33% of their portfolio Needham, MA 341,775341.8k $8.6m $8.6m 4.33% Added +90 +90
78 Valmark Advisers, Inc. 0.12% of their portfolio AKRON, OH 337,542337.5k $8.4m $8.4m 0.12% Added +26.8k +26,848
79 Clarity Wealth Development LLC 8.29% of their portfolio Corvallis, OR 332,843332.8k $8.3m $8.3m 8.29% Added +23.2k +23,194
80 Centric Wealth Management 1.94% of their portfolio CHICAGO, IL 325,987326.0k $8.1m $8.1m 1.94% Added +10.1k +10,138
81 Tennessee Valley Asset Management Partners 1.80% of their portfolio KNOXVILLE, TN 283,377283.4k $7.1m $7.1m 1.80% Reduced -51.7k -51,719
82 SIMA Wealth Partners, LLC 5.70% of their portfolio NORTH CHESTERFIELD, VA 282,040282.0k $7.1m $7.1m 5.70% Reduced -44.2k -44,226
83 Blake Schutter Theil Wealth Advisors, LLC 7.83% of their portfolio DAYTON, OH 275,878275.9k $6.9m $6.9m 7.83% Added +17.7k +17,668
84 UBS Group AG 0.00% of their portfolio ZURICH, V8 269,685269.7k $6.8m $6.8m 0.00% Added +27.0k +26,997
85 Private Advisor Group, LLC 0.04% of their portfolio MORRISTOWN, NJ 264,455264.5k $6.6m $6.6m 0.04% Reduced -31.5k -31,490
86 Foundation Wealth Management, LLC\PA 2.85% of their portfolio MEDIA, PA 262,825262.8k $6.6m $6.6m 2.85% Added +7.0k +6,956
87 ADVOCATE GROUP LLC 1.17% of their portfolio MINNETONKA, MN 261,885261.9k $6.6m $6.6m 1.17% Added +4.3k +4,266
88 BENJAMIN EDWARDS INC 0.08% of their portfolio Clayton, MO 260,893260.9k $6.5m $6.5m 0.08% Reduced -22.4k -22,428
89 WT Wealth Management 1.92% of their portfolio SCOTTSDALE, AZ 259,495259.5k $6.5m $6.5m 1.92% Reduced -735 -735
90 CreativeOne Wealth, LLC 0.17% of their portfolio OVERLAND PARK, KS 257,998258.0k $6.5m $6.5m 0.17% Reduced -416 -416
91 Harvest Portfolios Group Inc. 0.15% of their portfolio Oakville, A6 257,547257.5k $6.4m $6.4m 0.15% Added +14.2k +14,225
92 Mariner, LLC 0.01% of their portfolio Overland Park, KS 236,316236.3k $5.9m $5.9m 0.01% Reduced -15.7k -15,663
93 AlphaQuest LLC 0.58% of their portfolio New York, NY 234,462234.5k $5.9m $5.9m 0.58% New
94 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 232,079232.1k $5.8m $5.8m 0.02% Reduced -15.6k -15,640
95 Independent Solutions Wealth Management, LLC 1.09% of their portfolio Williamsville, NY 223,893223.9k $5.6m $5.6m 1.09% Reduced -3.5k -3,514
96 STABLEFORD CAPITAL II LLC 2.09% of their portfolio SCOTTSDALE, AZ 222,916222.9k $5.5m $5.5m 2.09% Reduced -3.3k -3,299
97 Kelly Financial Services LLC 1.63% of their portfolio BRAINTREE, MA 221,111221.1k $5.5m $5.5m 1.63% Added +14.8k +14,794
98 Code Waechter LLC 3.79% of their portfolio TAMPA, FL 212,581212.6k $5.3m $5.3m 3.79% Added +3.0k +3,017
99 Christensen, King & Associates Investment Services, Inc. 2.44% of their portfolio RICHLAND, WA 212,328212.3k $5.3m $5.3m 2.44% Reduced -2.6k -2,592
100 Heritage Wealth Management, Inc. /CA/ 3.93% of their portfolio SAN DIEGO, CA 207,045207.0k $5.2m $5.2m 3.93% Added +9.6k +9,567