Vault-13

SCHWAB STRATEGIC TR SCHO

SHT TM US TRES · ETP · CUSIP 808524862

700 institutional holders +15 vs Q4 2025
320,839,347320.8m shares reported held*
$7.8bnreported value*
68 new 297 added 241 reduced 52 sold out net sold ≈ $202.0m (-8.3m 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 ($8.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $24.23.

Trends to Q1 2026

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: 644Q2 25: 660Q3 25: 646Q4 25: 685Q1 26: 700700Q3 22Q3 23Q3 24Q3 25Q1 26
Numbers
QuarterHolders
Q3 2022529
Q4 2022565
Q1 2023574
Q2 2023583
Q3 2023575
Q4 2023600
Q1 2024601
Q2 2024586
Q3 2024591
Q4 2024634
Q1 2025644
Q2 2025660
Q3 2025646
Q4 2025685
Q1 2026700

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q2 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 25Q2 25: 329 bought or addedQ2 25: 289 cut or sold outQ3 25: 339 bought or addedQ3 25: 293 cut or sold outQ3 25Q4 25: 366 bought or addedQ4 25: 251 cut or sold outQ1 26: 365 bought or addedQ1 26: 293 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 2024284285
Q3 2024296263
Q4 2024303285
Q1 2025336282
Q2 2025329289
Q3 2025339293
Q4 2025366251
Q1 2026365293

Calls vs puts

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

CallsPuts
$0$1m$2m$3mQ2 25 calls: $2.4mQ2 25 puts: $1.7mQ2 25P/C 0.71Q3 25 calls: $0Q3 25 puts: $0Q3 25P/C —Q4 25 calls: $0Q4 25 puts: $0Q4 25P/C —Q1 26 calls: $0Q1 26 puts: $0Q1 26P/C —
Numbers
QuarterCallsPutsP/C
Q2 2025$2.4m$1.7m0.71
Q3 2025$0$0—
Q4 2025$0$0—
Q1 2026$0$0—

Biggest buyers

JPMORGAN CHASE & CO Added +3,361,687+3.4m
Blackhawk Capital Partners, LLC New +1,241,367+1.2m
Kestra Investment Management, LLC New +1,208,324+1.2m
UBS Group AG Added +702,153+702.2k
ALLIANCEBERNSTEIN L.P. New +672,388+672.4k
Waverly Advisors, LLC Added +643,713+643.7k
LPL Financial LLC Added +596,186+596.2k
AE Wealth Management LLC Added +576,027+576.0k
CHOREO, LLC New +528,562+528.6k
Midwest Trust Co Added +523,622+523.6k

Biggest sellers

BANK OF AMERICA CORP /DE/ Reduced -11,783,851-11.8m
AMERIPRISE FINANCIAL INC Reduced -3,549,871-3.5m
SEI INVESTMENTS CO Reduced -1,859,555-1.9m
SCS Capital Management LLC Reduced -1,376,942-1.4m
Wealthfront Advisers LLC Reduced -1,098,731-1.1m
United Capital Management of KS, Inc. Reduced -1,082,329-1.1m
BALLAST ADVISORS LLC Sold out -650,187-650.2k
TRUIST FINANCIAL CORP Reduced -625,313-625.3k
STEPHENS GROUP ASSET MANAGEMENT, LLC Reduced -533,280-533.3k
Savant Capital, LLC Reduced -481,123-481.1k

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.20% of their portfolio CHARLOTTE, NC 110,717,308110.7m $2.7bn $2.7bn 0.20% Reduced -11.8m -11,783,851
2 JPMORGAN CHASE & CO 0.04% of their portfolio NEW YORK, NY 24,469,33424.5m $593.4m $593.4m 0.04% Added +3.4m +3,361,687
3 SEI INVESTMENTS CO 0.37% of their portfolio OAKS, PA 16,741,00016.7m $406.3m $406.3m 0.37% Reduced -1.9m -1,859,555
4 AMERIPRISE FINANCIAL INC 0.08% of their portfolio MINNEAPOLIS, MN 15,446,98515.4m $363.2m $363.2m 0.08% Reduced -3.5m -3,549,871
5 ENVESTNET ASSET MANAGEMENT INC 0.05% of their portfolio Berwyn, PA 7,671,5547.7m $186.2m $186.2m 0.05% Added +198.6k +198,621
6 STIFEL FINANCIAL CORP 0.14% of their portfolio ST. LOUIS, MO 6,358,9046.4m $154.3m $154.3m 0.14% Added +331.1k +331,139
7 PNC Financial Services Group, Inc. 0.06% of their portfolio Pittsburgh, PA 4,104,1874.1m $99.6m $99.6m 0.06% Added +227.9k +227,884
8 Moisand Fitzgerald Tamayo, LLC 10.23% of their portfolio ORLANDO, FL 3,920,9313.9m $95.2m $95.2m 10.23% Added +250.4k +250,417
9 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.18% of their portfolio PLYMOUTH, MN 3,409,3453.4m $82.5m $82.5m 0.18% Added +231.8k +231,762
10 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 3,100,0003.1m $75.2m $75.2m 0.00% Unchanged
11 Wealthfront Advisers LLC 0.16% of their portfolio Palo Alto, CA 2,978,5943.0m $72.3m $72.3m 0.16% Reduced -1.1m -1,098,731
12 MCF Advisors LLC 2.93% of their portfolio LEXINGTON, KY 2,755,3712.8m $66.9m $66.9m 2.93% Added +43.8k +43,767
13 Bangor Savings Bank 5.00% of their portfolio BANGOR, ME 2,576,6472.6m $62.5m $62.5m 5.00% Added +133.1k +133,105
14 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 2,324,6402.3m $56.4m $56.4m 0.01% Added +596.2k +596,186
15 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 2,304,4492.3m $55.9m $55.9m 0.01% Added +146.9k +146,913
16 FIDUCIARY FINANCIAL GROUP, LLC 7.01% of their portfolio SAN RAFAEL, CA 2,176,7412.2m $52.8m $52.8m 7.01% Added +224.7k +224,689
17 LVW Advisors, LLC 5.00% of their portfolio PITTSFORD, NY 2,112,9852.1m $51.3m $51.3m 5.00% Added +40.8k +40,751
18 Merit Financial Group, LLC 0.37% of their portfolio ALPHARETTA, GA 2,057,6532.1m $49.9m $49.9m 0.37% Added +168.3k +168,337
19 TruNorth Capital Management, LLC 9.14% of their portfolio KALAMAZOO, MI 1,964,2912.0m $47.7m $47.7m 9.14% Added +26.3k +26,303
20 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,888,0691.9m $45.8m $45.8m 0.00% Added +354.7k +354,669
21 Midwest Trust Co 0.56% of their portfolio Overland Park, KS 1,846,3141.8m $44.8m $44.8m 0.56% Added +523.6k +523,622
22 UBS Group AG 0.01% of their portfolio ZURICH, V8 1,821,1701.8m $44.2m $44.2m 0.01% Added +702.2k +702,153
23 FLC Capital Advisors 7.57% of their portfolio PALM DESERT, CA 1,718,8241.7m $41.7m $41.7m 7.57% Added +89.6k +89,613
24 Cerity Partners LLC 0.06% of their portfolio NEW YORK, NY 1,692,8321.7m $41.1m $41.1m 0.06% Reduced -417.9k -417,878
25 High Probability Advisors, LLC 5.23% of their portfolio Pittsford, NY 1,682,8611.7m $40.8m $40.8m 5.23% Added +213.7k +213,719
26 Morningstar Investment Management LLC 2.42% of their portfolio CHICAGO, IL 1,613,4911.6m $39.2m $39.2m 2.42% Reduced -113.2k -113,181
27 STEPHENS GROUP ASSET MANAGEMENT, LLC 2.39% of their portfolio LITTLE ROCK, AR 1,544,5331.5m $37.5m $37.5m 2.39% Reduced -533.3k -533,280
28 Waverly Advisors, LLC 0.28% of their portfolio BIRMINGHAM, AL 1,521,2421.5m $36.9m $36.9m 0.28% Added +643.7k +643,713
29 DAVENPORT & Co LLC 0.20% of their portfolio RICHMOND, VA 1,493,4511.5m $36.2m $36.2m 0.20% Reduced -237.6k -237,574
30 Willis Johnson & Associates, Inc. 2.06% of their portfolio Houston, TX 1,457,7111.5m $35.4m $35.4m 2.06% Added +98.6k +98,635
31 MERCER GLOBAL ADVISORS INC /ADV 0.05% of their portfolio DENVER, CO 1,400,3811.4m $34.0m $34.0m 0.05% Reduced -37.1k -37,144
32 ACCESS FINANCIAL SERVICES, INC. 11.91% of their portfolio MINNEAPOLIS, MN 1,383,7951.4m $33.6m $33.6m 11.91% Added +2.2k +2,210
33 MAI Capital Management 0.19% of their portfolio INDEPENDENCE, OH 1,365,5891.4m $33.1m $33.1m 0.19% Added +102.0k +102,019
34 LEAVELL INVESTMENT MANAGEMENT, INC. 1.36% of their portfolio MOBILE, AL 1,364,3831.4m $33.1m $33.1m 1.36% Added +79.5k +79,514
35 Blackhawk Capital Partners, LLC 11.05% of their portfolio THIENSVILLE, WI 1,241,3671.2m $30.1m $30.1m 11.05% New
36 Passive Capital Management, LLC. 8.94% of their portfolio BALTIMORE, MD 1,234,4331.2m $30.0m $30.0m 8.94% Added +68.1k +68,149
37 Kestra Investment Management, LLC 0.51% of their portfolio AUSTIN, TX 1,208,3241.2m $29.3m $29.3m 0.51% New
38 United Capital Management of KS, Inc. 4.32% of their portfolio SALINA, KS 1,173,5411.2m $28.5m $28.5m 4.32% Reduced -1.1m -1,082,329
39 MassMutual Private Wealth & Trust, FSB 0.76% of their portfolio Windsor, CT 1,145,0701.1m $27.8m $27.8m 0.76% Added +296.4k +296,365
40 Charles Schwab Trust Co 1.73% of their portfolio HENDERSON, NV 1,101,6831.1m $26.7m $26.7m 1.73% Added +64.5k +64,464
41 Avior Wealth Management, LLC 0.73% of their portfolio OMAHA, NE 1,058,1711.1m $25.7m $25.7m 0.73% Added +74.3k +74,310
42 Holcombe Financial, Inc. 14.69% of their portfolio ATLANTA, GA 1,029,5881.0m $25.0m $25.0m 14.69% Added +69.7k +69,726
43 MBM WEALTH CONSULTANTS, LLC 5.36% of their portfolio CHESTERFIELD, MO 962,850962.9k $23.4m $23.4m 5.36% Added +63.1k +63,131
44 Galvin, Gaustad & Stein, LLC 1.73% of their portfolio Scottsdale, AZ 886,900886.9k $21.5m $21.5m 1.73% Added +4.3k +4,262
45 Journey Advisory Group, LLC 1.79% of their portfolio COVINGTON, KY 859,892859.9k $20.9m $20.9m 1.79% Added +64.5k +64,548
46 Courage Miller Partners, LLC 5.62% of their portfolio NORFOLK, VA 820,033820.0k $19.9m $19.9m 5.62% Added +25.5k +25,466
47 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 804,911804.9k $19.5m $19.5m 0.02% Reduced -249.6k -249,561
48 RMR Wealth Builders 1.52% of their portfolio Montclair, NJ 796,357796.4k $19.3m $19.3m 1.52% Added +139.6k +139,553
49 NOVEM GROUP 2.21% of their portfolio Rochester, NY 790,571790.6k $19.2m $19.2m 2.21% Added +33.1k +33,051
50 AdvisorNet Financial, Inc 0.98% of their portfolio MINNETONKA, MN 780,153780.2k $18.9m $18.9m 0.98% Reduced -10.1k -10,137
51 Fund Evaluation Group, LLC 0.58% of their portfolio CINCINNATI, OH 772,924772.9k $18.8m $18.8m 0.58% Unchanged
52 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 761,195761.2k $18.5m $18.5m 0.01% Reduced -51.3k -51,322
53 BRANDYWINE OAK PRIVATE WEALTH LLC 1.54% of their portfolio Kennett Square, PA 753,576753.6k $18.3m $18.3m 1.54% Reduced -155 -155
54 Alesco Advisors, LLC, An ESL Co 0.47% of their portfolio Pittsford, NY 752,236752.2k $18.3m $18.3m 0.47% Added +133.4k +133,435
55 Black Diamond Financial, LLC 1.91% of their portfolio TOWSON, MD 723,101723.1k $17.5m $17.5m 1.91% Added +25.9k +25,850
56 KRM WEALTH MANAGEMENT L.L.C. 9.03% of their portfolio RENO, NV 714,088714.1k $17.3m $17.3m 9.03% Added +89.1k +89,095
57 BWM Planning, LLC 4.50% of their portfolio THE WOODLANDS, TX 703,664703.7k $17.1m $17.1m 4.50% Added +73.7k +73,725
58 Inspire Investing, LLC 0.98% of their portfolio MERIDIAN, ID 689,358689.4k $16.7m $16.7m 0.98% Reduced -48.4k -48,376
59 ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio NASHVILLE, TN 672,388672.4k $16.4m $16.4m 0.01% New
60 Farther Finance Advisors, LLC 0.15% of their portfolio SAN FRANCISCO, CA 664,015664.0k $16.1m $16.1m 0.15% Added +130.8k +130,797
61 Robinswood Financial LLC 5.04% of their portfolio KIRKLAND, WA 659,977660.0k $16.0m $16.0m 5.04% Added +28.0k +28,015
62 JPL Wealth Management, LLC 3.63% of their portfolio GREENWOOD VILLAGE, CO 650,307650.3k $15.8m $15.8m 3.63% Added +37.1k +37,116
63 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 642,776642.8k $15.6m $15.6m 0.00% Reduced -91.6k -91,583
64 Avidian Wealth Enterprises, LLC 0.49% of their portfolio Houston, TX 637,834637.8k $15.5m $15.5m 0.49% Added +45.8k +45,813
65 Pure Financial Advisors, LLC 0.22% of their portfolio SAN DIEGO, CA 628,836628.8k $15.3m $15.3m 0.22% Added +32.0k +31,986
66 Clear Retirement Advice LLC 11.40% of their portfolio SAN MATEO, CA 598,083598.1k $14.5m $14.5m 11.40% Added +9.4k +9,432
67 Blue Sky Capital Consultants Group, Inc. 6.89% of their portfolio Poway, CA 595,497595.5k $14.5m $14.5m 6.89% Added +171.3k +171,272
68 AE Wealth Management LLC 0.08% of their portfolio TOPEKA, KS 581,081581.1k $14.1m $14.1m 0.08% Added +576.0k +576,027
69 Stonebridge Financial Group, LLC 1.15% of their portfolio Wormleysburg, PA 577,947577.9k $14.0m $14.0m 1.15% Added +230.6k +230,607
70 Prairiewood Capital, LLC 4.04% of their portfolio FARGO, ND 576,172576.2k $14.0m $14.0m 4.04% Added +36.7k +36,712
71 Marotta Asset Management 2.52% of their portfolio CHARLOTTESVILLE, VA 564,482564.5k $13.7m $13.7m 2.52% Reduced -28.2k -28,210
72 DEBUSSY CAPITAL MANAGEMENT LP 1.86% of their portfolio CHICAGO, IL 555,616555.6k $13.5m $13.5m 1.86% Added +12.6k +12,576
73 Brooklyn Investment Group 0.42% of their portfolio NEW YORK, NY 552,714552.7k $13.4m $13.4m 0.42% Reduced -132.7k -132,685
74 Towneley Capital Management, Inc / DE 2.79% of their portfolio LAGUNA HILLS, CA 549,185549.2k $13.3m $13.3m 2.79% Added +11.5k +11,492
75 Meridian Wealth Partners, LLC 1.81% of their portfolio EXTON, PA 542,653542.7k $13.2m $13.2m 1.81% Added +22.5k +22,498
76 DIVERSIFY WEALTH MANAGEMENT, LLC 0.23% of their portfolio SANDY, UT 534,366534.4k $12.9m $12.9m 0.23% Added +17.8k +17,762
77 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 532,688532.7k $12.9m $12.9m 0.00% Added +489.4k +489,399
78 CHOREO, LLC 0.16% of their portfolio ROCKFORD, IL 528,562528.6k $12.8m $12.8m 0.16% New
79 Northeast Financial Group, Inc. 3.38% of their portfolio Allentown, PA 522,603522.6k $12.7m $12.7m 3.38% Reduced -71.6k -71,633
80 World Investment Advisors 0.20% of their portfolio LINCROFT, NJ 519,885519.9k $12.6m $12.6m 0.20% Reduced -45.2k -45,241
81 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 519,253519.3k $12.6m $12.6m 0.00% Added +2.7k +2,662
82 Arnold Financial Planning LLC 11.75% of their portfolio HIAWATHA, IA 517,952518.0k $12.6m $12.6m 11.75% Added +84.3k +84,284
83 BARD ASSOCIATES INC 3.10% of their portfolio CHICAGO, IL 508,848508.8k $12.3m $12.3m 3.10% Added +231.1k +231,101
84 Westover Capital Advisors, LLC 2.25% of their portfolio WILMINGTON, DE 503,560503.6k $12.2m $12.2m 2.25% Added +14.9k +14,911
85 US BANCORP \DE\ 0.01% of their portfolio MINNEAPOLIS, MN 489,466489.5k $11.9m $11.9m 0.01% Reduced -9.1k -9,079
86 TRB Wealth Management, LLC 1.67% of their portfolio HOUSTON, TX 483,780483.8k $11.7m $11.7m 1.67% First filing
87 Peterson Wealth Advisors, LLC 1.53% of their portfolio Orem, UT 472,888472.9k $11.5m $11.5m 1.53% Reduced -9.1k -9,062
88 L. Roy Papp & Associates, LLP 1.32% of their portfolio Phoenix, AZ 472,480472.5k $11.5m $11.5m 1.32% Added +296.4k +296,433
89 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 469,086469.1k $11.4m $11.4m 0.02% Added +61.6k +61,602
90 First National Trust Co 0.39% of their portfolio Johnstown, PA 466,023466.0k $11.3m $11.3m 0.39% Added +52.6k +52,641
91 Savant Capital, LLC 0.05% of their portfolio ROCKFORD, IL 451,828451.8k $11.0m $11.0m 0.05% Reduced -481.1k -481,123
92 CAPTRUST FINANCIAL ADVISORS 0.02% of their portfolio RALEIGH, NC 446,991447.0k $10.8m $10.8m 0.02% Added +162.0k +162,036
93 ZynergyRetirementPlanningLLC 6.44% of their portfolio RED BANK, NJ 438,538438.5k $10.6m $10.6m 6.44% Reduced -45.4k -45,426
94 Mutual Advisors, LLC 0.22% of their portfolio OMAHA, NE 425,562425.6k $10.3m $10.3m 0.22% Reduced -3.4k -3,357
95 SIMS INVESTMENT MANAGEMENT, LLC 3.77% of their portfolio CINCINNATI, OH 422,625422.6k $10.3m $10.3m 3.77% Added +11.8k +11,782
96 MML INVESTORS SERVICES, LLC 0.03% of their portfolio SPRINGFIELD, MA 417,951418.0k $10.1m $10.1m 0.03% Reduced -63.9k -63,888
97 Stratos Wealth Advisors, LLC 0.62% of their portfolio BEACHWOOD, OH 417,417417.4k $10.1m $10.1m 0.62% Reduced -249.2k -249,224
98 DOCK STREET ASSET MANAGEMENT INC 1.03% of their portfolio PALM BEACH, FL 403,061403.1k $9.8m $9.8m 1.03% Added +77.9k +77,939
99 Momentum Wealth Planning, LLC 8.79% of their portfolio ESTERO, FL 400,329400.3k $9.7m $9.7m 8.79% Added +135.3k +135,274
100 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 399,294399.3k $9.7m $9.7m 0.01% Reduced -28.5k -28,508