Vault-13

SCHWAB STRATEGIC TR SCHO

SHT TM US TRES · ETP · CUSIP 808524862

644 institutional holders +10 vs Q4 2024
306,593,074306.6m shares reported held*
$7.5bnreported value*
68 new 268 added 231 reduced 51 sold out net sold ≈ $1.0bn (-42.6m 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 ($2.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $24.38. Options: 2 managers hold calls ($2.5m notional), 1 hold puts ($934.7k).

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

0250500750Q3 22: 529Q4 22: 565Q1 23: 574Q2 23: 583Q3 23: 575Q4 23: 600Q1 24: 601Q2 24: 586Q3 24: 591Q4 24: 634Q1 25: 644644Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 2022529
Q4 2022565
Q1 2023574
Q2 2023583
Q3 2023575
Q4 2023600
Q1 2024601
Q2 2024586
Q3 2024591
Q4 2024634
Q1 2025644

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q2 23: 283 bought or addedQ2 23: 267 cut or sold outQ3 23: 260 bought or addedQ3 23: 284 cut or sold outQ3 23Q4 23: 263 bought or addedQ4 23: 291 cut or sold outQ1 24: 300 bought or addedQ1 24: 280 cut or sold outQ1 24Q2 24: 284 bought or addedQ2 24: 285 cut or sold outQ3 24: 296 bought or addedQ3 24: 263 cut or sold outQ3 24Q4 24: 303 bought or addedQ4 24: 285 cut or sold outQ1 25: 336 bought or addedQ1 25: 282 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 2023283267
Q3 2023260284
Q4 2023263291
Q1 2024300280
Q2 2024284285
Q3 2024296263
Q4 2024303285
Q1 2025336282

Calls vs puts

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

CallsPuts
$0$1m$2m$3m$4mQ2 24 calls: $2.0mQ2 24 puts: $1.6mQ2 24P/C 0.81Q3 24 calls: $3.6mQ3 24 puts: $1.5mQ3 24P/C 0.41Q4 24 calls: $1.4mQ4 24 puts: $1.1mQ4 24P/C 0.79Q1 25 calls: $2.5mQ1 25 puts: $934.7kQ1 25P/C 0.37
Numbers
QuarterCallsPutsP/C
Q2 2024$2.0m$1.6m0.81
Q3 2024$3.6m$1.5m0.41
Q4 2024$1.4m$1.1m0.79
Q1 2025$2.5m$934.7k0.37

Biggest buyers

RENAISSANCE TECHNOLOGIES LLC Added +1,448,918+1.4m
Inspire Investing, LLC New +932,160+932.2k
LVW Advisors, LLC Added +862,521+862.5k
JPMORGAN CHASE & CO Added +699,740+699.7k
NISA INVESTMENT ADVISORS, LLC Added +620,400+620.4k
West Coast Financial LLC Added +576,197+576.2k
Moisand Fitzgerald Tamayo, LLC Added +537,559+537.6k
AMERIPRISE FINANCIAL INC Added +492,753+492.8k
ENVESTNET ASSET MANAGEMENT INC Added +437,251+437.3k
Merit Financial Group, LLC Added +432,282+432.3k

Biggest sellers

BANK OF AMERICA CORP /DE/ Reduced -51,963,959-52.0m
SCS Capital Management LLC Reduced -780,317-780.3k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Reduced -744,150-744.1k
Greenline Partners, LLC Reduced -624,437-624.4k
STEPHENS GROUP ASSET MANAGEMENT, LLC Reduced -396,582-396.6k
ASSETMARK, INC Reduced -368,130-368.1k
Apella Capital, LLC Reduced -330,862-330.9k
Blackhawk Capital Partners, LLC Sold out -279,289-279.3k
Marotta Asset Management Reduced -273,522-273.5k
First National Trust Co Reduced -246,238-246.2k

Biggest calls

CITADEL ADVISORS LLC Added $2.3m94.1k shares
WOLVERINE TRADING, LLC New $238.4k9.8k shares

Biggest puts

CITADEL ADVISORS LLC Reduced $934.7k38.4k 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, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.23% of their portfolio CHARLOTTE, NC 108,280,589108.3m $2.6bn $2.6bn 0.23% Reduced -52.0m -51,963,959
2 AMERIPRISE FINANCIAL INC 0.14% of their portfolio MINNEAPOLIS, MN 21,839,89221.8m $531.9m $531.9m 0.14% Added +492.8k +492,753
3 JPMORGAN CHASE & CO 0.04% of their portfolio NEW YORK, NY 21,461,90221.5m $522.4m $522.4m 0.04% Added +699.7k +699,740
4 SEI INVESTMENTS CO 0.52% of their portfolio OAKS, PA 16,525,54116.5m $402.2m $402.2m 0.52% Added +257.7k +257,733
5 ENVESTNET ASSET MANAGEMENT INC 0.06% of their portfolio Berwyn, PA 7,645,1067.6m $186.1m $186.1m 0.06% Added +437.3k +437,251
6 STIFEL FINANCIAL CORP 0.16% of their portfolio ST. LOUIS, MO 6,119,9746.1m $149.0m $149.0m 0.16% Added +198.2k +198,230
7 RENAISSANCE TECHNOLOGIES LLC 0.16% of their portfolio NEW YORK, NY 4,378,6764.4m $106.6m $106.6m 0.16% Added +1.4m +1,448,918
8 Wealthfront Advisers LLC 0.26% of their portfolio Palo Alto, CA 3,916,1633.9m $95.3m $95.3m 0.26% Added +160.3k +160,299
9 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 3,450,2883.5m $84.0m $84.0m 0.03% Added +89.2k +89,182
10 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 3,100,0003.1m $75.5m $75.5m 0.00% Unchanged
11 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 3,043,1703.0m $74.1m $74.1m 0.01% Added +424.5k +424,526
12 West Coast Financial LLC 8.43% of their portfolio SANTA BARBARA, CA 3,033,6723.0m $73.8m $73.8m 8.43% Added +576.2k +576,197
13 MCF Advisors LLC 4.99% of their portfolio LEXINGTON, KY 2,849,0662.8m $69.3m $69.3m 4.99% Reduced -80.1k -80,142
14 PNC Financial Services Group, Inc. 0.03% of their portfolio Pittsburgh, PA 2,714,6002.7m $66.1m $66.1m 0.03% Added +196.2k +196,238
15 Clearwater Capital Advisors, LLC 5.80% of their portfolio HOFFMAN ESTATES, IL 2,465,2342.5m $60.0m $60.0m 5.80% Added +17.6k +17,646
16 Moisand Fitzgerald Tamayo, LLC 7.03% of their portfolio ORLANDO, FL 2,086,3992.1m $50.8m $50.8m 7.03% Added +537.6k +537,559
17 Morningstar Investment Management LLC 4.08% of their portfolio CHICAGO, IL 1,970,1292.0m $48.0m $48.0m 4.08% Added +79.4k +79,394
18 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 1,967,2202.0m $47.9m $47.9m 0.01% Added +378.1k +378,121
19 MERCER GLOBAL ADVISORS INC /ADV 0.11% of their portfolio DENVER, CO 1,922,6751.9m $46.8m $46.8m 0.11% Reduced -61.1k -61,054
20 LVW Advisors, LLC 5.63% of their portfolio PITTSFORD, NY 1,920,3721.9m $46.7m $46.7m 5.63% Added +862.5k +862,521
21 Bangor Savings Bank 4.15% of their portfolio BANGOR, ME 1,807,6281.8m $44.0m $44.0m 4.15% Added +141.5k +141,520
22 United Capital Management of KS, Inc. 8.27% of their portfolio SALINA, KS 1,644,4321.6m $40.0m $40.0m 8.27% Added +75.5k +75,480
23 TruNorth Capital Management, LLC 9.95% of their portfolio KALAMAZOO, MI 1,643,8991.6m $40.0m $40.0m 9.95% Added +51.0k +51,014
24 FIDUCIARY FINANCIAL GROUP, LLC 8.55% of their portfolio SAN RAFAEL, CA 1,616,4861.6m $39.3m $39.3m 8.55% Added +127.4k +127,393
25 DAVENPORT & Co LLC 0.21% of their portfolio RICHMOND, VA 1,452,0881.5m $35.3m $35.3m 0.21% Added +334.4k +334,370
26 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.07% of their portfolio PLYMOUTH, MN 1,396,3021.4m $34.0m $34.0m 0.07% Reduced -744.1k -744,150
27 BRANDYWINE OAK PRIVATE WEALTH LLC 3.28% of their portfolio Kennett Square, PA 1,374,5611.4m $33.5m $33.5m 3.28% Reduced -17.1k -17,139
28 SCS Capital Management LLC 0.41% of their portfolio BOSTON, MA 1,313,1201.3m $32.0m $32.0m 0.41% Reduced -780.3k -780,317
29 High Probability Advisors, LLC 5.07% of their portfolio Pittsford, NY 1,247,7561.2m $30.4m $30.4m 5.07% Added +145.4k +145,429
30 FLC Capital Advisors 6.66% of their portfolio PALM DESERT, CA 1,220,2121.2m $29.7m $29.7m 6.66% Added +40.1k +40,052
31 FINANCIAL COUNSELORS INC 0.44% of their portfolio Overland Park, KS 1,200,6381.2m $29.2m $29.2m 0.44% Added +47.6k +47,555
32 Passive Capital Management, LLC. 9.11% of their portfolio BALTIMORE, MD 1,182,1041.2m $28.8m $28.8m 9.11% Added +30.7k +30,740
33 LEAVELL INVESTMENT MANAGEMENT, INC. 1.37% of their portfolio MOBILE, AL 1,138,2581.1m $27.7m $27.7m 1.37% Added +60.2k +60,250
34 Cetera Investment Advisers 0.05% of their portfolio SCHAUMBURG, IL 1,097,7891.1m $26.7m $26.7m 0.05% Added +297.5k +297,486
35 Stratos Wealth Advisors, LLC 1.43% of their portfolio BEACHWOOD, OH 1,072,9261.1m $26.1m $26.1m 1.43% Added +245.1k +245,100
36 MAI Capital Management 0.19% of their portfolio INDEPENDENCE, OH 1,037,8661.0m $25.3m $25.3m 0.19% Added +18.3k +18,342
37 Holcombe Financial, Inc. 19.60% of their portfolio ATLANTA, GA 969,817969.8k $23.6m $23.6m 19.60% Reduced -55.9k -55,853
38 Altiora Financial Group, LLC 4.83% of their portfolio LEBANON, OH 934,244934.2k $22.7m $22.7m 4.83% Reduced -103.9k -103,852
39 Inspire Investing, LLC 2.70% of their portfolio MERIDIAN, ID 932,160932.2k $22.7m $22.7m 2.70% New
40 Merit Financial Group, LLC 0.33% of their portfolio ALPHARETTA, GA 901,340901.3k $21.9m $21.9m 0.33% Added +432.3k +432,282
41 Avior Wealth Management, LLC 0.78% of their portfolio OMAHA, NE 840,128840.1k $20.4m $20.4m 0.78% Added +18.5k +18,475
42 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.02% of their portfolio MILWAUKEE, WI 838,089838.1k $20.4m $20.4m 0.02% Reduced -14.4k -14,434
43 UBS Group AG 0.00% of their portfolio ZURICH, V8 835,942835.9k $20.3m $20.3m 0.00% Added +78.5k +78,468
44 MassMutual Private Wealth & Trust, FSB 0.59% of their portfolio Windsor, CT 831,426831.4k $20.2m $20.2m 0.59% Added +7.2k +7,221
45 Charles Schwab Trust Co 1.67% of their portfolio HENDERSON, NV 820,014820.0k $20.0m $20.0m 1.67% Reduced -15.1k -15,082
46 Towneley Capital Management, Inc / DE 4.64% of their portfolio LAGUNA HILLS, CA 814,215814.2k $19.8m $19.8m 4.64% Added +27.6k +27,566
47 Williams Financial, LLC 13.60% of their portfolio NORTH BENNINGTON, VT 799,572799.6k $19.5m $19.5m 13.60% Reduced -12.7k -12,701
48 Fund Evaluation Group, LLC 0.81% of their portfolio CINCINNATI, OH 772,924772.9k $18.8m $18.8m 0.81% Unchanged
49 Courage Miller Partners, LLC 6.24% of their portfolio NORFOLK, VA 757,138757.1k $18.4m $18.4m 6.24% Added +3.5k +3,519
50 AdvisorNet Financial, Inc 1.37% of their portfolio MINNETONKA, MN 757,098757.1k $18.4m $18.4m 1.37% Added +85.5k +85,517
51 TRUIST FINANCIAL CORP 0.03% of their portfolio CHARLOTTE, NC 740,339740.3k $18.0m $18.0m 0.03% Reduced -20.5k -20,516
52 NISA INVESTMENT ADVISORS, LLC 0.09% of their portfolio ST. LOUIS, MO 737,900737.9k $18.0m $18.0m 0.09% Added +620.4k +620,400
53 Journey Advisory Group, LLC 1.39% of their portfolio COVINGTON, KY 698,914698.9k $17.0m $17.0m 1.39% Added +427.2k +427,225
54 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 668,398668.4k $16.3m $16.3m 0.01% Added +27.7k +27,741
55 Galvin, Gaustad & Stein, LLC 1.42% of their portfolio Scottsdale, AZ 654,199654.2k $15.9m $15.9m 1.42% Added +79.4k +79,377
56 ASSETMARK, INC 0.04% of their portfolio CONCORD, CA 652,499652.5k $15.9m $15.9m 0.04% Reduced -368.1k -368,130
57 NOVEM GROUP 2.17% of their portfolio Rochester, NY 630,719630.7k $15.4m $15.4m 2.17% Added +65.2k +65,244
58 Resonant Capital Advisors, LLC 1.06% of their portfolio Madison, WI 623,211623.2k $15.2m $15.2m 1.06% Added +31.4k +31,357
59 Robinswood Financial LLC 5.40% of their portfolio KIRKLAND, WA 600,109600.1k $14.6m $14.6m 5.40% Added +19.9k +19,948
60 JPL Wealth Management, LLC 4.01% of their portfolio GREENWOOD VILLAGE, CO 578,166578.2k $14.1m $14.1m 4.01% Added +62.7k +62,688
61 Cloud Capital Management, LLC 9.95% of their portfolio SEATTLE, WA 575,512575.5k $14.0m $14.0m 9.95% First filing
62 MBM WEALTH CONSULTANTS, LLC 4.12% of their portfolio CHESTERFIELD, MO 572,719572.7k $13.9m $13.9m 4.12% Added +51.9k +51,907
63 TOWNSQUARE CAPITAL LLC 0.15% of their portfolio Lehi, UT 571,996572.0k $13.9m $13.9m 0.15% Added +10.2k +10,220
64 Pure Financial Advisors, LLC 0.29% of their portfolio SAN DIEGO, CA 570,014570.0k $13.9m $13.9m 0.29% Reduced -13.1k -13,083
65 World Investment Advisors 0.36% of their portfolio LINCROFT, NJ 561,180561.2k $13.7m $13.7m 0.36% Reduced -111.3k -111,275
66 Waverly Advisors, LLC 0.16% of their portfolio BIRMINGHAM, AL 551,182551.2k $13.4m $13.4m 0.16% Added +57.4k +57,357
67 Avidian Wealth Enterprises, LLC 0.59% of their portfolio Houston, TX 544,445544.4k $13.3m $13.3m 0.59% Added +146.8k +146,760
68 BALLAST ADVISORS LLC 4.19% of their portfolio WOODBURY, MN 539,544539.5k $13.1m $13.1m 4.19% Added +8.4k +8,435
69 BROWN WEALTH MANAGEMENT, LLC 4.49% of their portfolio NAPERVILLE, IL 536,191536.2k $13.1m $13.1m 4.49% Added +6.8k +6,759
70 DEBUSSY CAPITAL MANAGEMENT LP 2.07% of their portfolio CHICAGO, IL 528,647528.6k $12.9m $12.9m 2.07% Added +93.6k +93,606
71 Main Street Group, LTD 4.77% of their portfolio GLEN ALLEN, VA 509,144509.1k $12.4m $12.4m 4.77% Added +27.3k +27,284
72 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 502,764502.8k $12.2m $12.2m 0.00% Added +20.3k +20,258
73 Black Diamond Financial, LLC 1.83% of their portfolio TOWSON, MD 500,455500.5k $12.2m $12.2m 1.83% Added +40.1k +40,085
74 Northeast Financial Group, Inc. 4.43% of their portfolio Allentown, PA 487,733487.7k $11.9m $11.9m 4.43% Added +3.1k +3,083
75 DIVERSIFY WEALTH MANAGEMENT, LLC 0.84% of their portfolio SANDY, UT 461,365461.4k $11.3m $11.3m 0.84% Reduced -17.0k -17,024
76 WT Wealth Management 3.62% of their portfolio SCOTTSDALE, AZ 457,302457.3k $11.1m $11.1m 3.62% Reduced -42.1k -42,099
77 Westover Capital Advisors, LLC 2.45% of their portfolio WILMINGTON, DE 453,720453.7k $11.0m $11.0m 2.45% Added +43.7k +43,668
78 Apella Capital, LLC 0.38% of their portfolio WEST HARTFORD, CT 452,016452.0k $11.0m $11.0m 0.38% Reduced -330.9k -330,862
79 Meridian Wealth Partners, LLC 1.74% of their portfolio EXTON, PA 447,392447.4k $10.9m $10.9m 1.74% Reduced -1.7k -1,722
80 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 444,142444.1k $10.8m $10.8m 0.01% Reduced -3.8k -3,835
81 BlackRock, Inc. 0.00% of their portfolio New York, NY 410,965411.0k $10.0m $10.0m 0.00% Reduced -135.5k -135,493
82 First National Trust Co 0.39% of their portfolio Johnstown, PA 394,117394.1k $9.6m $9.6m 0.39% Reduced -246.2k -246,238
83 Prairiewood Capital, LLC 3.88% of their portfolio FARGO, ND 391,928391.9k $9.5m $9.5m 3.88% Added +21.7k +21,730
84 Mariner, LLC 0.02% of their portfolio Overland Park, KS 391,876391.9k $9.5m $9.5m 0.02% Reduced -44.7k -44,692
85 STEPHENS GROUP ASSET MANAGEMENT, LLC 0.77% of their portfolio LITTLE ROCK, AR 390,283390.3k $9.5m $9.5m 0.77% Reduced -396.6k -396,582
86 SIMS INVESTMENT MANAGEMENT, LLC 4.22% of their portfolio CINCINNATI, OH 387,558387.6k $9.4m $9.4m 4.22% Added +34.7k +34,681
87 Peterson Wealth Advisors, LLC 1.82% of their portfolio Orem, UT 386,250386.2k $9.4m $9.4m 1.82% Added +19.2k +19,187
88 Mutual Advisors, LLC 0.27% of their portfolio OMAHA, NE 384,034384.0k $9.4m $9.4m 0.27% Added +10.9k +10,905
89 ZynergyRetirementPlanningLLC 6.55% of their portfolio RED BANK, NJ 383,699383.7k $9.2m $9.2m 6.55% Added +212.7k +212,705
90 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 378,874378.9k $9.2m $9.2m 0.01% First filing
91 Alesco Advisors, LLC, An ESL Co 0.28% of their portfolio Pittsford, NY 367,782367.8k $9.0m $9.0m 0.28% Added +1.6k +1,638
92 MGO ONE SEVEN LLC 0.35% of their portfolio Beachwood, OH 366,755366.8k $8.9m $8.9m 0.35% Added +31.8k +31,839
93 Roundview Capital LLC 0.64% of their portfolio PRINCETON, NJ 366,578366.6k $8.9m $8.9m 0.64% Reduced -8.7k -8,749
94 Phil A. Younker & Associates, Ltd. 8.66% of their portfolio FAIRBANKS, AK 361,493361.5k $8.8m $8.8m 8.66% Reduced -30.1k -30,106
95 Act Two Investors LLC 1.86% of their portfolio SANTA CRUZ, CA 359,603359.6k $8.8m $8.8m 1.86% Added +180.7k +180,663
96 SMI Advisory Services, LLC 1.92% of their portfolio COLUMBUS, IN 349,794349.8k $8.5m $8.5m 1.92% Added +50.4k +50,422
97 BWM Planning, LLC 3.57% of their portfolio THE WOODLANDS, TX 346,989347.0k $8.4m $8.4m 3.57% Added +36.7k +36,722
98 RMR Wealth Builders 0.86% of their portfolio Montclair, NJ 337,364337.4k $8.2m $8.2m 0.86% Added +94.2k +94,172
99 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 335,545335.5k $8.2m $8.2m 0.01% Added +78.9k +78,949
100 PURE PORTFOLIOS HOLDINGS LLC 2.99% of their portfolio LAKE OSWEGO, OR 333,975334.0k $8.1m $8.1m 2.99% Added +6.0k +5,976