Vault-13

SCHWAB STRATEGIC TR SCHR

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

485 institutional holders +9 vs Q3 2025
397,566,229397.6m shares reported held*
$10.0bnreported value*
45 new 238 added 126 reduced 48 sold out net bought ≈ $287.3m (+11.5m 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 ($2.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $25.08.

Trends to Q4 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: 476Q4 25: 485485Q3 22Q2 23Q1 24Q4 24Q4 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
Q4 2025485

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q1 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 25Q3 25: 283 bought or addedQ3 25: 168 cut or sold outQ4 25: 283 bought or addedQ4 25: 174 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024195178
Q2 2024212143
Q3 2024222138
Q4 2024221159
Q1 2025262168
Q2 2025251193
Q3 2025283168
Q4 2025283174

Calls vs puts

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

CallsPuts
$0$20k$40k$60k$80kQ1 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 —Q4 25 calls: $0Q4 25 puts: $0Q4 25P/C —
Numbers
QuarterCallsPutsP/C
Q1 2025$22.4k$75.9k3.39
Q2 2025$0$0—
Q3 2025$0$0—
Q4 2025$0$0—

Biggest buyers

CHARLES SCHWAB INVESTMENT MANAGEMENT INC Added +10,065,870+10.1m
AlphaQuest LLC Added +1,662,992+1.7m
Hapanowicz & Associates Financial Services, Inc Added +1,309,980+1.3m
EXCHANGE TRADED CONCEPTS, LLC Added +1,280,247+1.3m
BANK OF AMERICA CORP /DE/ Added +1,018,450+1.0m
Crane Advisory, LLC Added +976,360+976.4k
WorthPointe, LLC Added +413,291+413.3k
MORGAN STANLEY Added +404,534+404.5k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Added +360,557+360.6k
LPL Financial LLC Added +337,069+337.1k

Biggest sellers

JPMORGAN CHASE & CO Reduced -4,592,932-4.6m
ROYAL BANK OF CANADA Reduced -2,476,743-2.5m
STIFEL FINANCIAL CORP Reduced -1,363,069-1.4m
Empowered Funds, LLC Sold out -626,794-626.8k
Tidal Investments LLC Sold out -498,404-498.4k
Tradewinds Capital Management, LLC Reduced -423,967-424.0k
Cerity Partners LLC Reduced -417,873-417.9k
Private Advisor Group, LLC Reduced -382,284-382.3k
KEYVANTAGE WEALTH, LLC Reduced -358,697-358.7k
My Personal CFO, LLC Sold out -347,192-347.2k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.93% of their portfolio SAN FRANCISCO, CA 238,259,660238.3m $6.0bn $6.0bn 0.93% Added +10.1m +10,065,870
2 ROYAL BANK OF CANADA 0.08% of their portfolio TORONTO, A6 17,081,16817.1m $428.4m $428.4m 0.08% Reduced -2.5m -2,476,743
3 AMERIPRISE FINANCIAL INC 0.08% of their portfolio MINNEAPOLIS, MN 13,848,00213.8m $347.3m $347.3m 0.08% Added +166.4k +166,354
4 STIFEL FINANCIAL CORP 0.16% of their portfolio ST. LOUIS, MO 7,250,5667.3m $181.8m $181.8m 0.16% Reduced -1.4m -1,363,069
5 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 5,200,5525.2m $130.4m $130.4m 0.01% Reduced -4.6m -4,592,932
6 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 5,172,2205.2m $129.7m $129.7m 0.01% Added +1.0m +1,018,450
7 EXCHANGE TRADED CONCEPTS, LLC 0.84% of their portfolio Oklahoma City, OK 4,029,6344.0m $101.1m $101.1m 0.84% Added +1.3m +1,280,247
8 Cornerstone Wealth Advisors, Inc. 21.95% of their portfolio EDINA, MN 3,762,9963.8m $94.4m $94.4m 21.95% Added +106.6k +106,603
9 Moisand Fitzgerald Tamayo, LLC 10.36% of their portfolio ORLANDO, FL 3,656,1583.7m $91.7m $91.7m 10.36% Added +203.5k +203,477
10 ENVESTNET ASSET MANAGEMENT INC 0.03% of their portfolio Berwyn, PA 3,418,6353.4m $85.7m $85.7m 0.03% Reduced -217.8k -217,753
11 Pacific Sage Partners, LLC 12.63% of their portfolio EDMONDS, WA 3,173,9043.2m $79.6m $79.6m 12.63% Added +250.3k +250,341
12 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 2,900,0002.9m $72.7m $72.7m 0.00% Unchanged
13 Resonant Capital Advisors, LLC 3.95% of their portfolio Madison, WI 2,867,6152.9m $71.9m $71.9m 3.95% Added +218.7k +218,686
14 Crane Advisory, LLC 10.55% of their portfolio FULLERTON, CA 2,783,2172.8m $69.8m $69.8m 10.55% Added +976.4k +976,360
15 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.09% of their portfolio PLYMOUTH, MN 2,680,5312.7m $67.3m $67.3m 0.09% Added +360.6k +360,557
16 Cerity Partners LLC 0.09% of their portfolio NEW YORK, NY 2,470,4182.5m $62.0m $62.0m 0.09% Reduced -417.9k -417,873
17 Avidian Wealth Enterprises, LLC 1.99% of their portfolio Houston, TX 2,174,0112.2m $54.5m $54.5m 1.99% Added +122.1k +122,074
18 AlphaQuest LLC 2.70% of their portfolio New York, NY 1,921,3461.9m $48.2m $48.2m 2.70% Added +1.7m +1,662,992
19 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 1,899,6651.9m $47.6m $47.6m 0.01% Added +337.1k +337,069
20 Clearstead Advisors, LLC 0.56% of their portfolio CLEVELAND, OH 1,769,5991.8m $44.4m $44.4m 0.56% Added +55.6k +55,582
21 Intelligence Driven Advisers, LLC 6.34% of their portfolio CARLSBAD, CA 1,768,9661.8m $44.4m $44.4m 6.34% Reduced -126.0k -125,968
22 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,747,3881.7m $43.8m $43.8m 0.00% Added +404.5k +404,534
23 Advisory Alpha, LLC 1.09% of their portfolio HOLLAND, MI 1,590,1821.6m $39.9m $39.9m 1.09% Added +98.2k +98,241
24 FLC Capital Advisors 7.15% of their portfolio PALM DESERT, CA 1,545,2451.5m $38.8m $38.8m 7.15% Added +82.4k +82,407
25 Bouchey Financial Group, Ltd. 2.66% of their portfolio TROY, NY 1,416,9841.4m $35.5m $35.5m 2.66% Added +137.9k +137,856
26 Baird Financial Group, Inc. 0.05% of their portfolio MILWAUKEE, WI 1,355,4201.4m $34.0m $34.0m 0.05% Added +94.8k +94,846
27 Beacon Wealthcare LLC 11.59% of their portfolio RALEIGH, NC 1,345,6451.3m $33.7m $33.7m 11.59% Added +75.1k +75,082
28 DAVENPORT & Co LLC 0.18% of their portfolio RICHMOND, VA 1,343,0141.3m $33.7m $33.7m 0.18% Added +179.9k +179,863
29 Hapanowicz & Associates Financial Services, Inc 13.13% of their portfolio PITTSBURGH, PA 1,336,1221.3m $33.5m $33.5m 13.13% Added +1.3m +1,309,980
30 First National Trust Co 1.02% of their portfolio Johnstown, PA 1,221,3561.2m $30.6m $30.6m 1.02% Added +78.0k +77,989
31 High Probability Advisors, LLC 4.01% of their portfolio Pittsford, NY 1,198,6871.2m $30.1m $30.1m 4.01% Added +6.9k +6,915
32 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 1,151,8711.2m $28.9m $28.9m 0.01% Added +181.1k +181,086
33 WestHill Financial Advisors, Inc. 5.43% of their portfolio San Rafael, CA 1,138,8091.1m $28.6m $28.6m 5.43% Reduced -303 -303
34 Madison Asset Management, LLC 0.33% of their portfolio MADISON, WI 1,132,0881.1m $28.4m $28.4m 0.33% Reduced -7.3k -7,267
35 Stokes Family Office, LLC 2.57% of their portfolio NEW ORLEANS, LA 1,122,3901.1m $28.1m $28.1m 2.57% Added +7.8k +7,848
36 FOSTER & MOTLEY INC 1.50% of their portfolio CINCINNATI, OH 1,122,3151.1m $28.1m $28.1m 1.50% Reduced -51.6k -51,608
37 Creative Planning 0.02% of their portfolio OVERLAND PARK, KS 1,074,7791.1m $27.0m $27.0m 0.02% Reduced -43.9k -43,908
38 Galvin, Gaustad & Stein, LLC 2.09% of their portfolio Scottsdale, AZ 1,064,6661.1m $26.7m $26.7m 2.09% Added +3.9k +3,939
39 Midwest Trust Co 0.30% of their portfolio Overland Park, KS 960,038960.0k $24.1m $24.1m 0.30% Added +65.7k +65,660
40 Tradition Wealth Management, LLC 1.71% of their portfolio EDINA, MN 951,629951.6k $23.9m $23.9m 1.71% Added +47.7k +47,658
41 Allworth Financial LP 0.10% of their portfolio FOLSOM, CA 934,939934.9k $23.4m $23.4m 0.10% Reduced -44.1k -44,075
42 Cetera Investment Advisers 0.03% of their portfolio SCHAUMBURG, IL 915,996916.0k $23.0m $23.0m 0.03% Added +113.2k +113,232
43 Your Advocates Ltd., LLP 7.13% of their portfolio HOUSTON, TX 871,230871.2k $21.9m $21.9m 7.13% Added +54.0k +53,965
44 HC Advisors, LLC 14.88% of their portfolio SANDY SPRINGS, GA 857,670857.7k $21.5m $21.5m 14.88% Added +27.0k +27,006
45 DIVERSIFY WEALTH MANAGEMENT, LLC 0.97% of their portfolio SANDY, UT 831,357831.4k $20.9m $20.9m 0.97% Added +90.2k +90,189
46 MassMutual Private Wealth & Trust, FSB 0.47% of their portfolio Windsor, CT 722,546722.5k $18.1m $18.1m 0.47% Added +4.5k +4,474
47 JONES FINANCIAL COMPANIES LLLP 0.01% of their portfolio DES PERES, MO 717,517717.5k $18.0m $18.0m 0.01% Added +92.7k +92,728
48 PURE PORTFOLIOS HOLDINGS LLC 5.25% of their portfolio LAKE OSWEGO, OR 694,837694.8k $17.4m $17.4m 5.25% Added +30.4k +30,400
49 Morton Brown Family Wealth, LLC 4.61% of their portfolio ALLENTOWN, PA 675,334675.3k $16.9m $16.9m 4.61% Added +91.1k +91,143
50 One Degree Advisors Inc 4.48% of their portfolio SAN DIEGO, CA 650,156650.2k $16.3m $16.3m 4.48% Added +325.9k +325,923
51 SWS Partners 3.91% of their portfolio COLUMBUS, OH 646,305646.3k $16.2m $16.2m 3.91% Added +21.7k +21,743
52 Altiora Financial Group, LLC 2.78% of their portfolio LEBANON, OH 644,296644.3k $16.2m $16.2m 2.78% Added +9.0k +9,049
53 Marshall Financial Group, LLC 3.09% of their portfolio Hunt Valley, MD 634,381634.4k $15.9m $15.9m 3.09% Added +36.3k +36,267
54 Summit Financial, LLC 0.23% of their portfolio PARSIPPANY, NJ 612,874612.9k $15.4m $15.4m 0.23% Added +6.7k +6,719
55 Kathmere Capital Management, LLC 1.01% of their portfolio WAYNE, PA 599,016599.0k $15.0m $15.0m 1.01% Added +74.5k +74,529
56 MML INVESTORS SERVICES, LLC 0.03% of their portfolio SPRINGFIELD, MA 553,187553.2k $13.9m $13.9m 0.03% Added +142.2k +142,216
57 EXENCIAL WEALTH ADVISORS, LLC 0.44% of their portfolio OKLAHOMA CITY, OK 553,053553.1k $13.9m $13.9m 0.44% Reduced -6.6k -6,551
58 Downshift Financial, LLC 8.42% of their portfolio BOULDER, CO 544,824544.8k $13.7m $13.7m 8.42% First filing
59 BlackRock, Inc. 0.00% of their portfolio New York, NY 528,917528.9k $13.3m $13.3m 0.00% Reduced -138.0k -138,049
60 Vident Advisory, LLC 0.12% of their portfolio Alpharetta, GA 504,391504.4k $12.7m $12.7m 0.12% Reduced -34.6k -34,584
61 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 500,038500.0k $12.5m $12.5m 0.00% Added +29.8k +29,842
62 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 495,510495.5k $12.4m $12.4m 0.01% Added +107.2k +107,171
63 Holcombe Financial, Inc. 7.55% of their portfolio ATLANTA, GA 479,198479.2k $12.0m $12.0m 7.55% Added +15.3k +15,293
64 McAdam, LLC 0.53% of their portfolio Philadelphia, PA 462,300462.3k $11.6m $11.6m 0.53% Added +53.3k +53,258
65 WorthPointe, LLC 3.03% of their portfolio La Jolla, CA 459,503459.5k $11.5m $11.5m 3.03% Added +413.3k +413,291
66 Fiduciary Alliance LLC 0.73% of their portfolio GREENVILLE, SC 446,840446.8k $11.2m $11.2m 0.73% Added +19.4k +19,434
67 Walker Financial Services, Inc. 4.03% of their portfolio BOWLING GREEN, KY 443,050443.1k $11.1m $11.1m 4.03% Added +89.1k +89,136
68 White Pine Investment CO 2.58% of their portfolio LIVONIA, MI 436,376436.4k $10.9m $10.9m 2.58% Added +29.8k +29,800
69 Walkner Condon Financial Advisors LLC 1.51% of their portfolio MADISON, WI 433,231433.2k $10.9m $10.9m 1.51% Added +5.2k +5,243
70 Attessa Capital LLC 5.83% of their portfolio TUCSON, AZ 425,498425.5k $10.7m $10.7m 5.83% Added +27.6k +27,583
71 Foundation Wealth Management, LLC\PA 3.85% of their portfolio MEDIA, PA 423,222423.2k $10.6m $10.6m 3.85% Added +76.0k +76,030
72 UBS Group AG 0.00% of their portfolio ZURICH, V8 417,692417.7k $10.5m $10.5m 0.00% Added +121.6k +121,643
73 Oakwell Private Wealth Management, LLC 1.95% of their portfolio Austin, TX 415,988416.0k $10.4m $10.4m 1.95% Added +40.1k +40,061
74 Cadia Private Client LLC 8.16% of their portfolio PARSIPPANY, NJ 410,033410.0k $10.3m $10.3m 8.16% First filing
75 Destiny Wealth Partners, LLC 1.18% of their portfolio TAVARES, FL 409,397409.4k $10.3m $10.3m 1.18% Added +16.3k +16,261
76 Valmark Advisers, Inc. 0.13% of their portfolio AKRON, OH 406,557406.6k $10.2m $10.2m 0.13% Added +74.3k +74,294
77 ADVOCATE GROUP LLC 1.64% of their portfolio MINNETONKA, MN 405,405405.4k $10.2m $10.2m 1.64% Added +69.0k +69,007
78 Archer Investment Management, LLC 5.46% of their portfolio AUSTIN, TX 404,578404.6k $10.1m $10.1m 5.46% Reduced -178.6k -178,624
79 Clarity Wealth Development LLC 8.21% of their portfolio Corvallis, OR 386,777386.8k $9.7m $9.7m 8.21% Added +39.9k +39,909
80 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 382,811382.8k $9.6m $9.6m 0.00% Added +12.4k +12,401
81 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 379,249379.2k $9.5m $9.5m 0.01% Added +19.2k +19,211
82 Darrow Company, Inc. 4.22% of their portfolio Needham, MA 374,105374.1k $9.4m $9.4m 4.22% Added +22.6k +22,577
83 Act Two Investors LLC 1.66% of their portfolio SANTA CRUZ, CA 368,270368.3k $9.2m $9.2m 1.66% Reduced -494 -494
84 Blake Schutter Theil Wealth Advisors, LLC 7.28% of their portfolio DAYTON, OH 352,896352.9k $8.9m $8.9m 7.28% Added +51.5k +51,530
85 Centric Wealth Management 1.78% of their portfolio CHICAGO, IL 338,266338.3k $8.4m $8.4m 1.78% Added +5.3k +5,279
86 Tennessee Valley Asset Management Partners 1.08% of their portfolio KNOXVILLE, TN 331,741331.7k $8.3m $8.3m 1.08% Added +820 +820
87 SENTINEL PENSION ADVISORS, LLC 1.26% of their portfolio WAKEFIELD, MA 326,375326.4k $8.2m $8.2m 1.26% Reduced -142.1k -142,131
88 Payne Capital LLC 8.29% of their portfolio LAKE OSWEGO, OR 324,798324.8k $8.1m $8.1m 8.29% Added +3.4k +3,373
89 Kelly Financial Services LLC 2.04% of their portfolio BRAINTREE, MA 324,019324.0k $8.1m $8.1m 2.04% Added +53.6k +53,600
90 BENJAMIN EDWARDS INC 0.09% of their portfolio Clayton, MO 312,610312.6k $7.8m $7.8m 0.09% Added +28.1k +28,144
91 Focus Partners Wealth 0.01% of their portfolio ST LOUIS, MO 309,545309.5k $7.8m $7.8m 0.01% Added +66.9k +66,896
92 Harvest Portfolios Group Inc. 0.12% of their portfolio Oakville, A6 276,867276.9k $6.9m $6.9m 0.12% Added +21.8k +21,847
93 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 273,637273.6k $6.9m $6.9m 0.01% Reduced -2.7k -2,692
94 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 261,637261.6k $6.6m $6.6m 0.02% Added +24.0k +24,039
95 SIMA Wealth Partners, LLC 4.93% of their portfolio NORTH CHESTERFIELD, VA 258,346258.3k $6.5m $6.5m 4.93% Reduced -10.2k -10,214
96 Mariner, LLC 0.01% of their portfolio Overland Park, KS 252,143252.1k $6.3m $6.3m 0.01% Added +6.7k +6,665
97 Cooke Wealth Management, LLC 5.53% of their portfolio IRVINE, CA 252,010252.0k $6.3m $6.3m 5.53% First filing
98 DOCK STREET ASSET MANAGEMENT INC 0.56% of their portfolio PALM BEACH, FL 245,140245.1k $6.1m $6.1m 0.56% New
99 Maridea Wealth Management LLC 0.92% of their portfolio BROOKLYN, NY 244,761244.8k $6.1m $6.1m 0.92% Added +52.3k +52,301
100 Stratos Wealth Advisors, LLC 0.29% of their portfolio BEACHWOOD, OH 242,866242.9k $6.1m $6.1m 0.29% Reduced -61.8k -61,761