Vault-13

SCHWAB STRATEGIC TR SCHR

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

476 institutional holders +12 vs Q2 2025
385,149,191385.1m shares reported held*
$9.7bnreported value*
60 new 223 added 122 reduced 46 sold out net sold ≈ $88.0m (-3.5m 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 ($1.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $25.13.

Trends to Q3 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: 464Q3 25: 476476Q3 22Q2 23Q1 24Q4 24Q3 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
Q3 2025476

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q4 23: 187 bought or addedQ4 23: 171 cut or sold outQ1 24: 195 bought or addedQ1 24: 178 cut or sold outQ1 24Q2 24: 212 bought or addedQ2 24: 143 cut or sold outQ3 24: 222 bought or addedQ3 24: 138 cut or sold outQ3 24Q4 24: 221 bought or addedQ4 24: 159 cut or sold outQ1 25: 262 bought or addedQ1 25: 168 cut or sold outQ1 25Q2 25: 251 bought or addedQ2 25: 193 cut or sold outQ3 25: 283 bought or addedQ3 25: 168 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 2023187171
Q1 2024195178
Q2 2024212143
Q3 2024222138
Q4 2024221159
Q1 2025262168
Q2 2025251193
Q3 2025283168

Calls vs puts

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

CallsPuts
$0$20k$40k$60k$80kQ4 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 —Q3 25 calls: $0Q3 25 puts: $0Q3 25P/C —
Numbers
QuarterCallsPutsP/C
Q4 2024$65.6k$00.00
Q1 2025$22.4k$75.9k3.39
Q2 2025$0$0—
Q3 2025$0$0—

Biggest buyers

CHARLES SCHWAB INVESTMENT MANAGEMENT INC Added +6,451,844+6.5m
JPMORGAN CHASE & CO Added +5,138,667+5.1m
AMERIPRISE FINANCIAL INC Added +1,449,980+1.4m
Cerity Partners LLC Added +1,233,971+1.2m
ENVESTNET ASSET MANAGEMENT INC Added +1,126,405+1.1m
EXCHANGE TRADED CONCEPTS, LLC Added +1,008,799+1.0m
STIFEL FINANCIAL CORP Added +605,663+605.7k
LPL Financial LLC Added +549,712+549.7k
Tidal Investments LLC New +498,404+498.4k
Tradewinds Capital Management, LLC Added +422,625+422.6k

Biggest sellers

ROYAL BANK OF CANADA Reduced -25,123,421-25.1m
ASSETMARK, INC Reduced -1,459,499-1.5m
AlphaStar Capital Management, LLC Sold out -855,968-856.0k
Empowered Funds, LLC Reduced -507,525-507.5k
One Degree Advisors Inc Reduced -263,428-263.4k
BlackRock, Inc. Reduced -197,367-197.4k
Archer Investment Management, LLC Reduced -111,891-111.9k
Northwest Capital Management Inc Reduced -99,172-99.2k
CWM, LLC Reduced -95,362-95.4k
Thrivent Financial for Lutherans Sold out -71,106-71.1k

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.92% of their portfolio SAN FRANCISCO, CA 228,193,790228.2m $5.7bn $5.7bn 0.92% Added +6.5m +6,451,844
2 ROYAL BANK OF CANADA 0.09% of their portfolio TORONTO, A6 19,557,91119.6m $491.5m $491.5m 0.09% Reduced -25.1m -25,123,421
3 AMERIPRISE FINANCIAL INC 0.08% of their portfolio MINNEAPOLIS, MN 13,681,64813.7m $343.7m $343.7m 0.08% Added +1.4m +1,449,980
4 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 9,793,4849.8m $246.1m $246.1m 0.01% Added +5.1m +5,138,667
5 STIFEL FINANCIAL CORP 0.20% of their portfolio ST. LOUIS, MO 8,613,6358.6m $216.5m $216.5m 0.20% Added +605.7k +605,663
6 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 4,153,7704.2m $104.4m $104.4m 0.01% Added +390.8k +390,772
7 Cornerstone Wealth Advisors, Inc. 22.24% of their portfolio EDINA, MN 3,656,3933.7m $91.9m $91.9m 22.24% Added +185.8k +185,752
8 ENVESTNET ASSET MANAGEMENT INC 0.03% of their portfolio Berwyn, PA 3,636,3883.6m $91.4m $91.4m 0.03% Added +1.1m +1,126,405
9 Moisand Fitzgerald Tamayo, LLC 10.22% of their portfolio ORLANDO, FL 3,452,6813.5m $86.8m $86.8m 10.22% Added +196.6k +196,578
10 Pacific Sage Partners, LLC 12.30% of their portfolio EDMONDS, WA 2,923,5632.9m $73.5m $73.5m 12.30% Added +296.0k +296,019
11 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 2,900,0002.9m $72.9m $72.9m 0.00% Unchanged
12 Cerity Partners LLC 0.12% of their portfolio NEW YORK, NY 2,888,2912.9m $72.6m $72.6m 0.12% Added +1.2m +1,233,971
13 EXCHANGE TRADED CONCEPTS, LLC 0.66% of their portfolio Oklahoma City, OK 2,749,3872.7m $69.1m $69.1m 0.66% Added +1.0m +1,008,799
14 Resonant Capital Advisors, LLC 3.88% of their portfolio Madison, WI 2,648,9292.6m $66.6m $66.6m 3.88% Added +306.3k +306,267
15 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.09% of their portfolio PLYMOUTH, MN 2,319,9742.3m $58.2m $58.2m 0.09% Added +54.6k +54,620
16 Avidian Wealth Enterprises, LLC 1.94% of their portfolio Houston, TX 2,051,9372.1m $51.6m $51.6m 1.94% Added +77.1k +77,125
17 Intelligence Driven Advisers, LLC 6.60% of their portfolio CARLSBAD, CA 1,894,9341.9m $47.6m $47.6m 6.60% Added +127.8k +127,799
18 Crane Advisory, LLC 7.12% of their portfolio FULLERTON, CA 1,806,8571.8m $45.3m $45.3m 7.12% Added +47.8k +47,811
19 Clearstead Advisors, LLC 0.63% of their portfolio CLEVELAND, OH 1,714,0171.7m $43.1m $43.1m 0.63% Added +130.2k +130,244
20 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 1,562,5961.6m $39.3m $39.3m 0.01% Added +549.7k +549,712
21 Advisory Alpha, LLC 1.05% of their portfolio HOLLAND, MI 1,491,9411.5m $37.5m $37.5m 1.05% Added +111.7k +111,695
22 FLC Capital Advisors 7.12% of their portfolio PALM DESERT, CA 1,462,8381.5m $36.8m $36.8m 7.12% Added +52.0k +52,006
23 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,342,8541.3m $33.7m $33.7m 0.00% Added +80.3k +80,319
24 Bouchey Financial Group, Ltd. 2.48% of their portfolio TROY, NY 1,279,1281.3m $32.1m $32.1m 2.48% Added +63.4k +63,433
25 Beacon Wealthcare LLC 11.22% of their portfolio RALEIGH, NC 1,270,5631.3m $31.9m $31.9m 11.22% Added +95.4k +95,406
26 Baird Financial Group, Inc. 0.05% of their portfolio MILWAUKEE, WI 1,260,5741.3m $31.7m $31.7m 0.05% Added +132.3k +132,324
27 High Probability Advisors, LLC 4.11% of their portfolio Pittsford, NY 1,191,7721.2m $29.9m $29.9m 4.11% Added +47.3k +47,310
28 FOSTER & MOTLEY INC 1.59% of their portfolio CINCINNATI, OH 1,173,9231.2m $29.5m $29.5m 1.59% Reduced -11.7k -11,699
29 DAVENPORT & Co LLC 0.16% of their portfolio RICHMOND, VA 1,163,1511.2m $29.2m $29.2m 0.16% Added +151.8k +151,759
30 First National Trust Co 0.98% of their portfolio Johnstown, PA 1,143,3671.1m $28.7m $28.7m 0.98% Added +43.5k +43,472
31 Madison Asset Management, LLC 0.32% of their portfolio MADISON, WI 1,139,3551.1m $28.6m $28.6m 0.32% Reduced -68.2k -68,163
32 WestHill Financial Advisors, Inc. 5.61% of their portfolio San Rafael, CA 1,139,1121.1m $28.6m $28.6m 5.61% Added +78.0k +77,980
33 Creative Planning 0.02% of their portfolio OVERLAND PARK, KS 1,118,6871.1m $28.1m $28.1m 0.02% Added +59.6k +59,573
34 Stokes Family Office, LLC 2.66% of their portfolio NEW ORLEANS, LA 1,114,5421.1m $28.0m $28.0m 2.66% Reduced -18.9k -18,873
35 Galvin, Gaustad & Stein, LLC 2.17% of their portfolio Scottsdale, AZ 1,060,7271.1m $26.7m $26.7m 2.17% Added +23.7k +23,662
36 Allworth Financial LP 0.11% of their portfolio FOLSOM, CA 979,014979.0k $24.6m $24.6m 0.11% Reduced -29.6k -29,554
37 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 970,785970.8k $24.4m $24.4m 0.00% Added +96.8k +96,827
38 Tradition Wealth Management, LLC 1.68% of their portfolio EDINA, MN 903,971904.0k $22.7m $22.7m 1.68% Added +42.4k +42,359
39 Midwest Trust Co 0.29% of their portfolio Overland Park, KS 894,378894.4k $22.5m $22.5m 0.29% Added +11.2k +11,157
40 HC Advisors, LLC 14.67% of their portfolio SANDY SPRINGS, GA 830,664830.7k $20.9m $20.9m 14.67% Added +17.1k +17,055
41 Your Advocates Ltd., LLP 6.88% of their portfolio HOUSTON, TX 817,265817.3k $20.5m $20.5m 6.88% Added +26.6k +26,587
42 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 802,764802.8k $20.2m $20.2m 0.02% Added +162.3k +162,335
43 DIVERSIFY WEALTH MANAGEMENT, LLC 1.07% of their portfolio SANDY, UT 741,168741.2k $18.6m $18.6m 1.07% Added +42.6k +42,599
44 MassMutual Private Wealth & Trust, FSB 0.46% of their portfolio Windsor, CT 718,072718.1k $18.0m $18.0m 0.46% Added +13.3k +13,310
45 BlackRock, Inc. 0.00% of their portfolio New York, NY 666,966667.0k $16.8m $16.8m 0.00% Reduced -197.4k -197,367
46 PURE PORTFOLIOS HOLDINGS LLC 5.22% of their portfolio LAKE OSWEGO, OR 664,437664.4k $16.7m $16.7m 5.22% Added +32.3k +32,289
47 Altiora Financial Group, LLC 2.92% of their portfolio LEBANON, OH 635,247635.2k $16.0m $16.0m 2.92% Added +2.9k +2,875
48 Empowered Funds, LLC 0.16% of their portfolio NEWTOWN SQUARE, PA 626,794626.8k $15.7m $15.7m 0.16% Reduced -507.5k -507,525
49 JONES FINANCIAL COMPANIES LLLP 0.01% of their portfolio DES PERES, MO 624,789624.8k $15.7m $15.7m 0.01% Added +128.2k +128,171
50 SWS Partners 3.83% of their portfolio COLUMBUS, OH 624,562624.6k $15.7m $15.7m 3.83% Added +50.6k +50,617
51 Summit Financial, LLC 0.23% of their portfolio PARSIPPANY, NJ 606,155606.2k $15.2m $15.2m 0.23% Reduced -6.8k -6,755
52 Marshall Financial Group, LLC 2.93% of their portfolio Hunt Valley, MD 598,114598.1k $15.0m $15.0m 2.93% Added +15.7k +15,660
53 Morton Brown Family Wealth, LLC 4.21% of their portfolio ALLENTOWN, PA 584,191584.2k $14.7m $14.7m 4.21% Added +34.7k +34,707
54 Archer Investment Management, LLC 9.00% of their portfolio AUSTIN, TX 583,202583.2k $14.7m $14.7m 9.00% Reduced -111.9k -111,891
55 EXENCIAL WEALTH ADVISORS, LLC 0.46% of their portfolio OKLAHOMA CITY, OK 559,604559.6k $14.1m $14.1m 0.46% Added +61.4k +61,414
56 Vident Advisory, LLC 0.13% of their portfolio Alpharetta, GA 538,975539.0k $13.5m $13.5m 0.13% Added +19.4k +19,450
57 Kathmere Capital Management, LLC 0.94% of their portfolio WAYNE, PA 524,487524.5k $13.2m $13.2m 0.94% Reduced -8.4k -8,413
58 Tidal Investments LLC 0.05% of their portfolio Milwaukee, WI 498,404498.4k $12.5m $12.5m 0.05% New
59 KEYVANTAGE WEALTH, LLC 4.97% of their portfolio BETHLEHEM, PA 471,807471.8k $11.9m $11.9m 4.97% Added +21.6k +21,552
60 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 470,196470.2k $11.8m $11.8m 0.00% Added +29.9k +29,939
61 SENTINEL PENSION ADVISORS, LLC 1.88% of their portfolio WAKEFIELD, MA 468,506468.5k $11.8m $11.8m 1.88% Added +19.0k +18,971
62 Holcombe Financial, Inc. 8.14% of their portfolio ATLANTA, GA 463,905463.9k $11.7m $11.7m 8.14% Added +11.4k +11,359
63 Walkner Condon Financial Advisors LLC 1.70% of their portfolio MADISON, WI 427,988428.0k $10.8m $10.8m 1.70% Added +2.6k +2,593
64 Fiduciary Alliance LLC 0.72% of their portfolio GREENVILLE, SC 427,406427.4k $10.7m $10.7m 0.72% Added +20.3k +20,281
65 Tradewinds Capital Management, LLC 2.40% of their portfolio BELLINGHAM, WA 425,261425.3k $10.7m $10.7m 2.40% Added +422.6k +422,625
66 Private Advisor Group, LLC 0.05% of their portfolio MORRISTOWN, NJ 413,949413.9k $10.4m $10.4m 0.05% Added +149.5k +149,494
67 MML INVESTORS SERVICES, LLC 0.03% of their portfolio SPRINGFIELD, MA 410,971411.0k $10.3m $10.3m 0.03% Added +291.5k +291,531
68 McAdam, LLC 0.51% of their portfolio Philadelphia, PA 409,042409.0k $10.3m $10.3m 0.51% Added +37.2k +37,206
69 White Pine Investment CO 2.42% of their portfolio LIVONIA, MI 406,576406.6k $10.2m $10.2m 2.42% Added +43.4k +43,380
70 Attessa Capital LLC 5.90% of their portfolio TUCSON, AZ 397,915397.9k $10.0m $10.0m 5.90% Added +22.7k +22,684
71 Destiny Wealth Partners, LLC 1.21% of their portfolio TAVARES, FL 393,136393.1k $9.9m $9.9m 1.21% Added +27.3k +27,328
72 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 388,339388.3k $9.8m $9.8m 0.00% Added +24.8k +24,842
73 Oakwell Private Wealth Management, LLC 1.90% of their portfolio Austin, TX 375,927375.9k $9.4m $9.4m 1.90% Added +26.9k +26,933
74 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 370,410370.4k $9.3m $9.3m 0.00% Added +27.7k +27,695
75 Act Two Investors LLC 1.64% of their portfolio SANTA CRUZ, CA 368,764368.8k $9.3m $9.3m 1.64% Reduced -2.4k -2,354
76 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 360,038360.0k $9.0m $9.0m 0.01% Added +162.3k +162,261
77 Walker Financial Services, Inc. 3.46% of their portfolio BOWLING GREEN, KY 353,914353.9k $8.9m $8.9m 3.46% New
78 Darrow Company, Inc. 4.13% of their portfolio Needham, MA 351,528351.5k $8.9m $8.9m 4.13% Added +9.8k +9,753
79 My Personal CFO, LLC 3.38% of their portfolio VANCOUVER, WA 347,192347.2k $8.7m $8.7m 3.38% New
80 Foundation Wealth Management, LLC\PA 3.38% of their portfolio MEDIA, PA 347,192347.2k $8.7m $8.7m 3.38% Added +84.4k +84,367
81 Clarity Wealth Development LLC 7.92% of their portfolio Corvallis, OR 346,868346.9k $8.8m $8.8m 7.92% Added +14.0k +14,025
82 ADVOCATE GROUP LLC 1.39% of their portfolio MINNETONKA, MN 336,398336.4k $8.5m $8.5m 1.39% Added +74.5k +74,513
83 Centric Wealth Management 1.87% of their portfolio CHICAGO, IL 332,987333.0k $8.4m $8.4m 1.87% Added +7.0k +7,000
84 Valmark Advisers, Inc. 0.11% of their portfolio AKRON, OH 332,263332.3k $8.3m $8.3m 0.11% Reduced -5.3k -5,279
85 Tennessee Valley Asset Management Partners 1.13% of their portfolio KNOXVILLE, TN 330,921330.9k $8.3m $8.3m 1.13% Added +47.5k +47,544
86 One Degree Advisors Inc 2.50% of their portfolio SAN DIEGO, CA 324,233324.2k $8.1m $8.1m 2.50% Reduced -263.4k -263,428
87 Payne Capital LLC 8.19% of their portfolio LAKE OSWEGO, OR 321,425321.4k $8.1m $8.1m 8.19% First filing
88 Stratos Wealth Advisors, LLC 0.37% of their portfolio BEACHWOOD, OH 304,627304.6k $7.7m $7.7m 0.37% Reduced -37.6k -37,618
89 Blake Schutter Theil Wealth Advisors, LLC 7.49% of their portfolio DAYTON, OH 301,366301.4k $7.6m $7.6m 7.49% Added +25.5k +25,488
90 UBS Group AG 0.00% of their portfolio ZURICH, V8 296,049296.0k $7.4m $7.4m 0.00% Added +26.4k +26,364
91 BENJAMIN EDWARDS INC 0.08% of their portfolio Clayton, MO 284,466284.5k $7.1m $7.1m 0.08% Added +23.6k +23,573
92 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 276,329276.3k $6.9m $6.9m 0.01% Added +77.0k +77,039
93 CreativeOne Wealth, LLC 0.17% of their portfolio OVERLAND PARK, KS 276,017276.0k $6.9m $6.9m 0.17% Added +18.0k +18,019
94 Kelly Financial Services LLC 1.76% of their portfolio BRAINTREE, MA 270,419270.4k $6.8m $6.8m 1.76% Added +49.3k +49,308
95 SIMA Wealth Partners, LLC 5.16% of their portfolio NORTH CHESTERFIELD, VA 268,560268.6k $6.7m $6.7m 5.16% Reduced -13.5k -13,480
96 AlphaQuest LLC 0.42% of their portfolio New York, NY 258,354258.4k $6.5m $6.5m 0.42% Added +23.9k +23,892
97 Harvest Portfolios Group Inc. 0.12% of their portfolio Oakville, A6 255,020255.0k $6.4m $6.4m 0.12% Reduced -2.5k -2,527
98 CWM, LLC 0.02% of their portfolio OMAHA, NE 252,769252.8k $6.4m $6.4m 0.02% Reduced -95.4k -95,362
99 Mariner, LLC 0.01% of their portfolio Overland Park, KS 245,478245.5k $6.2m $6.2m 0.01% Added +9.2k +9,162
100 Focus Partners Wealth 0.01% of their portfolio ST LOUIS, MO 242,649242.6k $6.1m $6.1m 0.01% Added +40.4k +40,390