Vault-13

SCHWAB STRATEGIC TR SCHO

SHT TM US TRES · ETP · CUSIP 808524862

600 institutional holders +25 vs Q3 2023
235,509,396235.5m shares reported held*
$11.4bnreported value*
47 new 216 added 234 reduced 57 sold out net bought ≈ $1.2bn (+24.1m 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 ($680.1k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $48.44. Options: 2 managers hold calls ($1.1m notional), 1 hold puts ($373.1k).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 529Q4 22: 565Q1 23: 574Q2 23: 583Q3 23: 575Q4 23: 600600Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 2022529
Q4 2022565
Q1 2023574
Q2 2023583
Q3 2023575
Q4 2023600

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q4 22: 266 bought or addedQ4 22: 272 cut or sold outQ4 22Q1 23: 280 bought or addedQ1 23: 270 cut or sold outQ1 23Q2 23: 283 bought or addedQ2 23: 267 cut or sold outQ2 23Q3 23: 260 bought or addedQ3 23: 284 cut or sold outQ3 23Q4 23: 263 bought or addedQ4 23: 291 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022266272
Q1 2023280270
Q2 2023283267
Q3 2023260284
Q4 2023263291

Calls vs puts

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

CallsPuts
$0$1m$2m$3mQ1 23 calls: $2.1mQ1 23 puts: $4.9kQ1 23P/C 0.00Q2 23 calls: $1.2mQ2 23 puts: $139.4kQ2 23P/C 0.12Q3 23 calls: $411.9kQ3 23 puts: $4.8kQ3 23P/C 0.01Q4 23 calls: $1.1mQ4 23 puts: $373.1kQ4 23P/C 0.34
Numbers
QuarterCallsPutsP/C
Q1 2023$2.1m$4.9k0.00
Q2 2023$1.2m$139.4k0.12
Q3 2023$411.9k$4.8k0.01
Q4 2023$1.1m$373.1k0.34

Biggest buyers

JPMORGAN CHASE & CO Added +31,827,927+31.8m
MORGAN STANLEY Added +1,536,026+1.5m
SCS Capital Management LLC Added +1,448,839+1.4m
Clearwater Capital Advisors, LLC Added +787,113+787.1k
Busey Bank New +637,108+637.1k
Johnson Financial Group, LLC Added +315,752+315.8k
RENAISSANCE TECHNOLOGIES LLC Added +305,881+305.9k
EVERMAY WEALTH MANAGEMENT LLC Added +288,038+288.0k
Moisand Fitzgerald Tamayo, LLC Added +276,357+276.4k
MML INVESTORS SERVICES, LLC Added +239,446+239.4k

Biggest sellers

BANK OF AMERICA CORP /DE/ Reduced -4,364,064-4.4m
AMERIPRISE FINANCIAL INC Reduced -2,062,599-2.1m
Pacific Sage Partners, LLC Reduced -1,326,988-1.3m
Merriman Wealth Management, LLC Sold out -920,803-920.8k
Wealthfront Advisers LLC Reduced -896,547-896.5k
GOLDMAN SACHS GROUP INC Reduced -696,599-696.6k
JANE STREET GROUP, LLC Sold out -655,050-655.0k
Tidal Investments LLC Sold out -491,071-491.1k
GTS SECURITIES LLC Sold out -406,523-406.5k
STEPHENS GROUP ASSET MANAGEMENT, LLC Reduced -315,327-315.3k

Biggest calls

CITADEL ADVISORS LLC Added $876.9k18.1k shares
WOLVERINE TRADING, LLC New $227.7k4.7k shares

Biggest puts

CITADEL ADVISORS LLC Added $373.1k7.7k 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 BANK OF AMERICA CORP /DE/ 0.44% of their portfolio CHARLOTTE, NC 80,019,82680.0m $3.9bn $3.9bn 0.44% Reduced -4.4m -4,364,064
2 JPMORGAN CHASE & CO 0.18% of their portfolio NEW YORK, NY 72,248,14472.2m $3.5bn $3.5bn 0.18% Added +31.8m +31,827,927
3 AMERIPRISE FINANCIAL INC 0.14% of their portfolio MINNEAPOLIS, MN 9,855,6039.9m $472.8m $472.8m 0.14% Reduced -2.1m -2,062,599
4 SEI INVESTMENTS CO 0.52% of their portfolio OAKS, PA 6,627,1996.6m $321.1m $321.1m 0.52% Reduced -41.8k -41,828
5 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.04% of their portfolio SAN FRANCISCO, CA 3,568,8293.6m $172.9m $172.9m 0.04% Reduced -9.0k -9,005
6 SCS Capital Management LLC 1.63% of their portfolio BOSTON, MA 2,937,9822.9m $142.3m $142.3m 1.63% Added +1.4m +1,448,839
7 ENVESTNET ASSET MANAGEMENT INC 0.06% of their portfolio Berwyn, PA 2,835,6332.8m $137.4m $137.4m 0.06% Reduced -154.8k -154,834
8 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 2,719,6202.7m $131.8m $131.8m 0.01% Added +1.5m +1,536,026
9 STIFEL FINANCIAL CORP 0.15% of their portfolio ST. LOUIS, MO 2,399,1292.4m $116.2m $116.2m 0.15% Added +86.9k +86,887
10 Morningstar Investment Management LLC 10.59% of their portfolio CHICAGO, IL 1,901,7481.9m $92.1m $92.1m 10.59% Reduced -166.8k -166,785
11 Clearwater Capital Advisors, LLC 8.76% of their portfolio HOFFMAN ESTATES, IL 1,613,7491.6m $78.2m $78.2m 8.76% Added +787.1k +787,113
12 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 1,550,0001.6m $75.1m $75.1m 0.00% Unchanged
13 Wealthfront Advisers LLC 0.28% of their portfolio Palo Alto, CA 1,516,3201.5m $73.5m $73.5m 0.28% Reduced -896.5k -896,547
14 PNC Financial Services Group, Inc. 0.05% of their portfolio Pittsburgh, PA 1,413,2791.4m $68.5m $68.5m 0.05% Added +14.5k +14,460
15 MERCER GLOBAL ADVISORS INC /ADV 0.19% of their portfolio DENVER, CO 1,320,0821.3m $64.0m $64.0m 0.19% Added +127.0k +126,997
16 Greenline Partners, LLC 9.94% of their portfolio NEW YORK, NY 1,142,0331.1m $58.8m $58.8m 9.94% Added +16.4k +16,403
17 MCF Advisors LLC 4.27% of their portfolio LEXINGTON, KY 1,077,6281.1m $52.2m $52.2m 4.27% Added +21.7k +21,717
18 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 830,055830.1k $40.2m $40.2m 0.02% Reduced -105.7k -105,660
19 Bangor Savings Bank 3.97% of their portfolio BANGOR, ME 751,553751.6k $36.4m $36.4m 3.97% Added +19.8k +19,765
20 Fund Evaluation Group, LLC 2.55% of their portfolio CINCINNATI, OH 729,855729.9k $35.0m $35.0m 2.55% Unchanged
21 FLC Capital Advisors 9.46% of their portfolio PALM DESERT, CA 723,957724.0k $35.1m $35.1m 9.46% Added +15.8k +15,779
22 BRANDYWINE OAK PRIVATE WEALTH LLC 3.72% of their portfolio Kennett Square, PA 689,381689.4k $33.4m $33.4m 3.72% Reduced -4.1k -4,053
23 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 688,420688.4k $33.4m $33.4m 0.01% Reduced -153.1k -153,084
24 Busey Bank 1.19% of their portfolio URBANA, IL 637,108637.1k $30.9m $30.9m 1.19% New
25 EVERMAY WEALTH MANAGEMENT LLC 5.54% of their portfolio ARLINGTON, VA 618,802618.8k $30.0m $30.0m 5.54% Added +288.0k +288,038
26 United Capital Management of KS, Inc. 8.32% of their portfolio SALINA, KS 567,834567.8k $27.5m $27.5m 8.32% Reduced -21.8k -21,824
27 DAVENPORT & Co LLC 0.18% of their portfolio RICHMOND, VA 523,079523.1k $25.3m $25.3m 0.18% Reduced -8.1k -8,143
28 Altiora Financial Group, LLC 7.27% of their portfolio LEBANON, OH 518,082518.1k $25.1m $25.1m 7.27% Added +107.8k +107,799
29 Passive Capital Management, LLC. 10.05% of their portfolio BALTIMORE, MD 510,875510.9k $24.8m $24.8m 10.05% Added +11.8k +11,832
30 High Probability Advisors, LLC 4.96% of their portfolio Pittsford, NY 507,595507.6k $24.6m $24.6m 4.96% Reduced -21.7k -21,705
31 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 504,774504.8k $24.5m $24.5m 0.01% Added +149.7k +149,726
32 FINANCIAL COUNSELORS INC 0.44% of their portfolio Overland Park, KS 504,280504.3k $24.4m $24.4m 0.44% Added +40.8k +40,791
33 RENAISSANCE TECHNOLOGIES LLC 0.04% of their portfolio NEW YORK, NY 496,200496.2k $24.0m $24.0m 0.04% Added +305.9k +305,881
34 UBS Group AG 0.01% of their portfolio ZURICH, V8 491,547491.5k $23.8m $23.8m 0.01% Added +31.3k +31,251
35 Thrivent Financial for Lutherans 0.05% of their portfolio Minneapolis, MN 483,695483.7k $23.4m $23.4m 0.05% Reduced -281.7k -281,665
36 Apella Capital, LLC 1.27% of their portfolio WEST HARTFORD, CT 472,273472.3k $22.8m $22.8m 1.27% Reduced -7.3k -7,330
37 STEPHENS GROUP ASSET MANAGEMENT, LLC 2.19% of their portfolio LITTLE ROCK, AR 463,893463.9k $22.5m $22.5m 2.19% Reduced -315.3k -315,327
38 Moisand Fitzgerald Tamayo, LLC 3.86% of their portfolio ORLANDO, FL 460,365460.4k $22.3m $22.3m 3.86% Added +276.4k +276,357
39 West Coast Financial LLC 2.82% of their portfolio SANTA BARBARA, CA 442,825442.8k $21.5m $21.5m 2.82% Added +65.2k +65,187
40 Avidian Wealth Enterprises, LLC 1.20% of their portfolio Houston, TX 397,812397.8k $19.3m $19.3m 1.20% Added +39.5k +39,460
41 Traverso Chambers Private Wealth Management, LLC 4.66% of their portfolio SANTA ROSA, CA 396,034396.0k $19.2m $19.2m 4.66% Reduced -233.1k -233,113
42 TRUIST FINANCIAL CORP 0.03% of their portfolio CHARLOTTE, NC 395,674395.7k $19.2m $19.2m 0.03% Reduced -2.8k -2,832
43 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.05% of their portfolio PLYMOUTH, MN 384,902384.9k $18.6m $18.6m 0.05% Added +8.4k +8,432
44 LEAVELL INVESTMENT MANAGEMENT, INC. 1.14% of their portfolio MOBILE, AL 368,509368.5k $17.9m $17.9m 1.14% Added +437 +437
45 MassMutual Private Wealth & Trust, FSB 0.60% of their portfolio Windsor, CT 366,401366.4k $17.8m $17.8m 0.60% Added +19.6k +19,642
46 CAPTRUST FINANCIAL ADVISORS 0.06% of their portfolio RALEIGH, NC 364,614364.6k $17.7m $17.7m 0.06% Reduced -98.6k -98,582
47 HighTower Advisors, LLC 0.03% of their portfolio CHICAGO, IL 360,612360.6k $17.5m $17.5m 0.03% Added +204.2k +204,184
48 Bouchey Financial Group, Ltd. 1.84% of their portfolio TROY, NY 353,648353.6k $17.1m $17.1m 1.84% Added +41.2k +41,196
49 Towneley Capital Management, Inc / DE 4.36% of their portfolio LAGUNA HILLS, CA 350,960351.0k $17.0m $17.0m 4.36% First filing
50 Raymond James Financial Services Advisors, Inc. 0.03% of their portfolio ST. PETERSBURG, FL 346,888346.9k $16.8m $16.8m 0.03% Reduced -76.9k -76,949
51 Meridian Wealth Partners, LLC 3.19% of their portfolio EXTON, PA 344,667344.7k $16.7m $16.7m 3.19% Reduced -18 -18
52 Courage Miller Partners, LLC 6.31% of their portfolio NORFOLK, VA 343,937343.9k $16.7m $16.7m 6.31% Reduced -16.5k -16,495
53 Avior Wealth Management, LLC 1.01% of their portfolio OMAHA, NE 343,123343.1k $16.6m $16.6m 1.01% Added +21.6k +21,605
54 OSAIC HOLDINGS, INC. 0.03% of their portfolio SCOTTSDALE, AZ 338,715338.7k $16.4m $16.4m 0.03% Reduced -4.9k -4,887
55 LVW Advisors, LLC 2.98% of their portfolio PITTSFORD, NY 328,621328.6k $15.9m $15.9m 2.98% Added +13.4k +13,407
56 Johnson Financial Group, LLC 2.01% of their portfolio Denver, CO 324,155324.2k $15.7m $15.7m 2.01% Added +315.8k +315,752
57 MML INVESTORS SERVICES, LLC 0.07% of their portfolio SPRINGFIELD, MA 302,511302.5k $14.7m $14.7m 0.07% Added +239.4k +239,446
58 Northeast Financial Group, Inc. 7.14% of their portfolio Allentown, PA 300,535300.5k $14.6m $14.6m 7.14% Reduced -64.4k -64,378
59 First National Trust Co 0.63% of their portfolio Johnstown, PA 293,952294.0k $14.2m $14.2m 0.63% Added +16.8k +16,777
60 Marotta Asset Management 3.03% of their portfolio CHARLOTTESVILLE, VA 291,042291.0k $14.1m $14.1m 3.03% Reduced -26.8k -26,824
61 American Capital Advisory, LLC 10.07% of their portfolio KETCHUM, ID 290,979291.0k $14.1m $14.1m 10.07% First filing
62 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.02% of their portfolio MILWAUKEE, WI 289,903289.9k $14.0m $14.0m 0.02% Added +5.2k +5,247
63 Robinswood Financial LLC 6.05% of their portfolio KIRKLAND, WA 288,516288.5k $14.0m $14.0m 6.05% Added +27.6k +27,619
64 Creative Planning 0.02% of their portfolio OVERLAND PARK, KS 276,489276.5k $13.4m $13.4m 0.02% Reduced -13.4k -13,363
65 Charles Schwab Trust Co 1.30% of their portfolio HENDERSON, NV 272,066272.1k $13.2m $13.2m 1.30% Added +31.7k +31,712
66 DEBUSSY CAPITAL MANAGEMENT LP 3.78% of their portfolio CHICAGO, IL 261,615261.6k $12.6m $12.6m 3.78% Reduced -16.9k -16,907
67 Evensky & Katz LLC 0.94% of their portfolio CORAL GABLES, FL 257,639257.6k $12.5m $12.5m 0.94% Reduced -161.5k -161,454
68 Pure Financial Advisors, LLC 0.43% of their portfolio SAN DIEGO, CA 256,545256.5k $12.4m $12.4m 0.43% Reduced -948 -948
69 AlphaStar Capital Management, LLC 1.13% of their portfolio CORNELIUS, NC 254,612254.6k $12.3m $12.3m 1.13% Added +18.9k +18,924
70 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 242,454242.5k $11.7m $11.7m 0.00% Reduced -696.6k -696,599
71 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 238,039238.0k $11.5m $11.5m 0.02% Reduced -91.9k -91,942
72 Mirae Asset Global Investments Co., Ltd. 0.02% of their portfolio SEOUL, M5 226,080226.1k $11.0m $11.0m 0.02% Reduced -72.7k -72,717
73 World Investment Advisors 1.42% of their portfolio LINCROFT, NJ 225,663225.7k $10.9m $10.9m 1.42% Reduced -19.9k -19,882
74 Tradition Wealth Management, LLC 1.12% of their portfolio EDINA, MN 220,453220.5k $10.7m $10.7m 1.12% Added +197.7k +197,691
75 Dynamic Advisor Solutions LLC 0.38% of their portfolio PHOENIX, AZ 209,453209.5k $10.1m $10.1m 0.38% Reduced -2.9k -2,872
76 Roundview Capital LLC 0.94% of their portfolio PRINCETON, NJ 209,414209.4k $10.1m $10.1m 0.94% Reduced -125.3k -125,251
77 AdvisorNet Financial, Inc 0.92% of their portfolio MINNETONKA, MN 206,860206.9k $10.0m $10.0m 0.92% Reduced -378 -378
78 Journey Advisory Group, LLC 1.36% of their portfolio COVINGTON, KY 205,855205.9k $10.0m $10.0m 1.36% Added +19.3k +19,343
79 Comprehensive Wealth Management, LLC 8.96% of their portfolio LYNNWOOD, WA 204,780204.8k $9.9m $9.9m 8.96% Reduced -4.2k -4,207
80 Valley Financial Group, Inc. 7.53% of their portfolio AMBLER, PA 198,568198.6k $9.6m $9.6m 7.53% First filing
81 Savant Capital, LLC 0.12% of their portfolio ROCKFORD, IL 196,515196.5k $9.5m $9.5m 0.12% Reduced -1.5k -1,516
82 Mariner, LLC 0.02% of their portfolio Overland Park, KS 192,399192.4k $9.3m $9.3m 0.02% Added +29.1k +29,085
83 Seneca Financial Advisors LLC 5.39% of their portfolio ROCHESTER, NY 191,778191.8k $9.3m $9.3m 5.39% Added +23.3k +23,273
84 Resonant Capital Advisors, LLC 0.87% of their portfolio Madison, WI 185,375185.4k $9.0m $9.0m 0.87% Added +52.2k +52,218
85 Main Street Group, LTD 3.07% of their portfolio GLEN ALLEN, VA 181,975182.0k $8.8m $8.8m 3.07% First filing
86 Alesco Advisors, LLC, An ESL Co 0.30% of their portfolio Pittsford, NY 178,884178.9k $8.7m $8.7m 0.30% Reduced -4.2k -4,227
87 Cetera Investment Advisers 0.07% of their portfolio SCHAUMBURG, IL 178,068178.1k $8.6m $8.6m 0.07% Added +6.8k +6,850
88 Soltis Investment Advisors LLC 0.97% of their portfolio ST. GEORGE, UT 177,590177.6k $8.6m $8.6m 0.97% Reduced -7.7k -7,687
89 COMMERCE BANK 0.06% of their portfolio KANSAS CITY, MO 174,991175.0k $8.5m $8.5m 0.06% Reduced -53.7k -53,698
90 HARBOUR INVESTMENTS, INC. 0.35% of their portfolio MADISON, WI 174,143174.1k $8.4m $8.4m 0.35% Reduced -4.9k -4,900
91 Galvin, Gaustad & Stein, LLC 0.78% of their portfolio Scottsdale, AZ 171,217171.2k $8.3m $8.3m 0.78% Added +44.6k +44,559
92 DEAN INVESTMENT ASSOCIATES, LLC 1.18% of their portfolio BEAVERCREEK, OH 169,870169.9k $8.2m $8.2m 1.18% Reduced -11.7k -11,682
93 Allworth Financial LP 0.06% of their portfolio FOLSOM, CA 168,151168.2k $8.1m $8.1m 0.06% Reduced -60.1k -60,133
94 Cambridge Investment Research Advisors, Inc. 0.03% of their portfolio FAIRFIELD, IA 166,541166.5k $8.1m $8.1m 0.03% Added +63.9k +63,929
95 SMI Advisory Services, LLC 2.01% of their portfolio COLUMBUS, IN 163,833163.8k $8.0m $8.0m 2.01% Added +24.8k +24,818
96 B. Riley Wealth Advisors, Inc. 0.21% of their portfolio MEMPHIS, TN 163,462163.5k $7.9m $7.9m 0.21% Added +168 +168
97 Abacus Planning Group, Inc. 1.65% of their portfolio COLUMBIA, SC 161,808161.8k $7.8m $7.8m 1.65% Reduced -49.2k -49,157
98 MBM WEALTH CONSULTANTS, LLC 2.77% of their portfolio CHESTERFIELD, MO 152,661152.7k $7.4m $7.4m 2.77% Added +25.3k +25,330
99 FOCUS FINANCIAL NETWORK INC /ADV 0.28% of their portfolio Minneapolis, MN 152,294152.3k $7.4m $7.4m 0.28% First filing
100 Dakota Wealth Management 0.28% of their portfolio PALM BEACH GARDENS, FL 148,770148.8k $7.2m $7.2m 0.28% Added +27.1k +27,126