DaveManuel.com · Institutional Ownership · Who Owns It
SCHWAB STRATEGIC TR (SCHD)
Institutional ownership reported to the SEC as of Q2 2026, across 32 quarters.
2,165
Reporting holders
$26.7B
Reported value
0.5%
Calls
0.3%
Puts
+90
Holder change
Calls and puts are the parts of reported value carried in derivative lines rather than shares, and they point in opposite directions: a manager holding calls is positioned for the security, one holding puts against it - or hedging shares they already own, which is why index funds carry so many. Most sites add the two together and report one figure, which averages away the only interesting part.
Holders
| Filer | Value | Shares | Their book | Held | Change |
|---|---|---|---|---|---|
| SUMITOMO LIFE INSURANCE CO | $1.9B | 59,569,934 | 30.88% | 4q | +31.1%+$447.7M |
| Rakuten Investment Management, Inc. | $1.5B | 47,138,834 | 4.35% | 5q | -43.3%-$1.2B |
| BANK OF AMERICA CORP /DE/ | $1.1B | 35,964,374 | 0.07% | 31q | +16.5%+$161.8M |
| LPL Financial LLC | $1.1B incl. $282.2K options PUT | 33,495,236 | 0.24% | 31q | +8.5%+$83.5M |
| MORGAN STANLEY | $884.2M | 27,882,415 | 0.05% | 35q | +5.9%+$49.0M |
| Cetera Investment Advisers | $808.2M | 25,487,103 | 0.74% | 23q | +5.4%+$41.3M |
| RAYMOND JAMES FINANCIAL INC | $572.9M | 18,067,002 | 0.16% | 7q | +5.2%+$28.1M |
| ENVESTNET ASSET MANAGEMENT INC | $560.2M | 17,667,059 | 0.13% | 31q | +2.1%+$11.3M |
| UBS Group AG | $452.6M | 14,272,113 | 0.06% | 31q | -2.5%-$11.5M |
| Wealthspire Advisors, LLC | $430.4M | 13,574,503 | 2.37% | 28q | +2.0%+$8.3M |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | $424.9M | 13,398,710 | 0.23% | 31q | -2.4%-$10.7M |
| Cambridge Investment Research Advisors, Inc. | $421.7M | 13,299,293 | 0.48% | 31q | +103.3%+$214.2M |
| Wealthfront Advisers LLC | $400.2M | 12,619,208 | 0.77% | 31q | -1.5%-$6.0M |
| ROYAL BANK OF CANADA | $349.1M | 11,007,943 | 0.05% | 31q | +27.2%+$74.6M |
| OSAIC HOLDINGS, INC. | $344.7M | 10,869,562 | 0.41% | 26q | +13.8%+$41.7M |
| WELLS FARGO & COMPANY/MN | $323.1M | 10,190,067 | 0.05% | 31q | +9.6%+$28.3M |
| Cassaday & Co Wealth Management LLC | $314.5M | 9,917,423 | 5.91% | 15q | +3.6%+$11.0M |
| COMMONWEALTH EQUITY SERVICES, LLC | $304.6M | 9,607,085 | 0.38% | 31q | +1.7%+$5.2M |
| AMERIPRISE FINANCIAL INC | $259.7M | 8,187,261 | 0.05% | 31q | +3.7%+$9.3M |
| Mariner, LLC | $221.1M | 6,973,748 | 0.23% | 31q | -8.3%-$20.1M |
| MML INVESTORS SERVICES, LLC | $214.0M | 6,750,017 | 0.44% | 31q | +25.7%+$43.8M |
| Keystone Financial Planning, Inc. | $198.2M | 6,250,349 | 51.09% | 31q | -7.6%-$16.3M |
| CIBC WORLD MARKET INC. | $197.7M | 6,233,348 | 0.32% | 6q | +1.2%+$2.4M |
| Avantax Planning Partners, Inc. | $171.0M | 5,394,015 | 4.26% | 31q | -2.1%-$3.6M |
| HHM Wealth Advisors, LLC | $168.5M | 5,312,613 | 16.91% | 31q | +3.0%+$5.0M |
| HighTower Advisors, LLC | $165.7M | 5,226,355 | 0.16% | 31q | +1.8%+$2.9M |
| JONES FINANCIAL COMPANIES LLLP | $158.3M | 4,932,758 | 0.06% | 13q | +28.0%+$34.6M |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | $154.8M | 4,807,434 | 0.26% | 22q | -3.5%-$5.5M |
| Creative Planning | $150.2M | 4,737,864 | 0.09% | 31q | +7.7%+$10.8M |
| KEYBANK NATIONAL ASSOCIATION/OH | $141.8M | 4,471,583 | 0.47% | 31q | +16.5%+$20.1M |
| JPMORGAN CHASE & CO | $124.2M | 3,890,026 | 0.01% | 31q | -9.8%-$13.5M |
| HOWARD FINANCIAL SERVICES, LTD. | $122.3M | 3,857,271 | 6.34% | 31q | +98.3%+$60.6M |
| Kestra Advisory Services, LLC | $115.3M | 3,635,397 | 0.37% | 24q | +3.2%+$3.6M |
| TRUIST FINANCIAL CORP | $103.4M | 3,261,496 | 0.12% | 27q | +2.6%+$2.6M |
| Berger Financial Group, Inc | $101.6M | 3,205,319 | 5.19% | 23q | +7.0%+$6.7M |
| Cresset Asset Management, LLC | $94.8M | 2,989,722 | 0.34% | 25q | +6.4%+$5.7M |
| MERCER GLOBAL ADVISORS INC /ADV | $89.9M | 2,835,812 | 0.11% | 30q | +23.4%+$17.1M |
| FIFTH THIRD BANCORP | $87.6M | 2,764,001 | 0.14% | 23q | +0.8%+$732.0K |
| Valmark Advisers, Inc. | $83.5M | 2,632,336 | 0.89% | 31q | -1.3%-$1.1M |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $83.3M incl. $83.1M options CALL+PUT | 6,648 | 0.01% | 31q | HELD |
| Cerity Partners LLC | $80.0M | 2,522,251 | 0.10% | 29q | +0.8%+$629.4K |
| Golden Reserve Retirement LLC | $74.2M | 2,339,310 | 11.68% | 6q | +2.3%+$1.6M |
| Asset Advisors Investment Management, LLC | $73.8M | 2,326,736 | 6.77% | 31q | -7.6%-$6.1M |
| STIFEL FINANCIAL CORP | $73.7M | 2,324,517 | 0.06% | 31q | +0.8%+$605.0K |
| MAI Capital Management | $72.6M | 2,289,163 | 0.27% | 23q | -0.7%-$497.6K |
| Baird Financial Group, Inc. | $66.0M | 2,080,899 | 0.09% | 31q | +3.0%+$2.0M |
| Mirae Asset Global Investments Co., Ltd. | $65.8M | 2,075,065 | 0.10% | 13q | +27.2%+$14.1M |
| Summit Asset Management, LLC | $65.6M | 2,068,062 | 8.40% | 31q | HELD |
| HARBOUR INVESTMENTS, INC. | $65.1M | 2,054,311 | 0.88% | 21q | +6.7%+$4.1M |
| Waverly Advisors, LLC | $64.8M | 2,043,019 | 0.38% | 16q | +17.0%+$9.4M |
| Charles Schwab Trust Bank | $62.2M | 1,963,094 | 100.00% | 10q | -4.9%-$3.2M |
| D.A. DAVIDSON & CO. | $62.0M | 1,955,264 | 0.34% | 31q | HELD |
| Spinnaker Investment Group, LLC | $61.3M | 1,933,604 | 9.82% | 19q | +12.7%+$6.9M |
| Summit Financial Wealth Advisors, LLC | $61.0M | 1,925,060 | 7.81% | 31q | HELD |
| UNITED CAPITAL FINANCIAL ADVISORS, LLC | $60.9M | 1,921,962 | 0.34% | 31q | +0.5%+$314.4K |
| CVA Family Office, LLC | $60.5M | 1,906,589 | 5.47% | 27q | HELD |
| Brookstone Capital Management | $59.9M | 1,889,445 | 0.60% | 21q | +147.0%+$35.7M |
| Allied Investment Advisors, LLC | $59.3M | 1,871,398 | 7.45% | 10q | +3.0%+$1.7M |
| BOKF, NA | $59.3M | 1,869,323 | 0.82% | 20q | +3.2%+$1.9M |
| STEPHENS INC /AR/ | $59.3M | 1,868,823 | 0.66% | 22q | +3.4%+$1.9M |
| Focus Partners Wealth | $58.4M | 1,841,246 | 0.06% | 11q | +12.1%+$6.3M |
| Focus Financial Network, Inc. | $57.7M | 1,818,289 | 1.78% | 29q | -8.3%-$5.2M |
| Main Street Financial Solutions, LLC | $57.6M | 1,816,438 | 3.69% | 23q | +5.3%+$2.9M |
| Whelan Financial | $56.7M | 1,788,794 | 15.45% | 20q | +0.8%+$422.8K |
| HB Wealth Management, LLC | $56.5M | 1,780,558 | 0.32% | 19q | +8.4%+$4.4M |
| MCF Advisors LLC | $56.3M | 1,776,276 | 2.01% | 18q | -3.4%-$2.0M |
| Beacon Pointe Advisors, LLC | $55.8M | 1,759,557 | 0.26% | 31q | HELD |
| Steward Partners Investment Advisory, LLC | $54.5M | 1,719,889 | 0.28% | 29q | +7.4%+$3.8M |
| Scott Capital Advisors, LLC | $54.5M | 1,718,381 | 8.53% | 19q | -0.6%-$342.1K |
| Northwest Quadrant Wealth Management, LLC | $54.5M | 1,718,037 | 10.09% | 12q | +4.6%+$2.4M |
| BURKETT FINANCIAL SERVICES, LLC | $54.2M | 1,708,472 | 16.95% | 11q | -0.8%-$459.4K |
| Gerber Kawasaki Wealth & Investment Management | $53.9M | 1,699,724 | 1.44% | 23q | -1.7%-$951.6K |
| Keudell/Morrison Wealth Management | $53.6M | 1,690,577 | 10.13% | 18q | +10.4%+$5.1M |
| CAPTRUST FINANCIAL ADVISORS | $53.5M | 1,688,134 | 0.08% | 31q | +1.1%+$606.8K |
| Sarver Vrooman Wealth Advisors | $53.4M | 1,661,097 | 31.82% | 6q | HELD |
| CGC Financial Services, LLC | $52.1M | 1,641,970 | 11.71% | 13q | +1.6%+$814.1K |
| SECURIAN ASSET MANAGEMENT, INC | $52.0M | 1,581,000 | 1.87% | 16q | HELD |
| Leelyn Smith, LLC | $51.7M | 1,629,344 | 6.28% | 27q | +2.7%+$1.3M |
| CHOREO, LLC | $51.2M | 1,613,157 | 0.56% | 18q | -2.9%-$1.5M |
| Noble Family Wealth, LLC | $50.9M | 1,605,116 | 9.11% | 14q | +6.6%+$3.2M |
| Evergreen Advisors, LLC | $49.7M | 1,568,137 | 10.61% | 14q | +1.1%+$540.9K |
| PINNACLE ASSOCIATES LTD | $48.4M | 1,527,109 | 0.53% | 31q | +3.9%+$1.8M |
| VICTORY FINANCIAL GROUP, LLC | $48.0M | 1,514,996 | 5.04% | 10q | -0.8%-$379.1K |
| Farther Finance Advisors, LLC | $47.7M | 1,505,767 | 0.37% | 15q | +12.1%+$5.1M |
| Merit Financial Group, LLC | $47.4M | 1,496,093 | 0.29% | 22q | -2.5%-$1.2M |
| Curran Financial Partners, LLC | $47.3M | 1,490,202 | 7.03% | 19q | +8.7%+$3.8M |
| Integrated Wealth Concepts LLC | $46.9M | 1,478,320 | 0.31% | 21q | +34.4%+$12.0M |
| Janney Montgomery Scott LLC | $46.4M | 1,464,701 | 0.09% | 31q | +4.1%+$1.8M |
| JANE STREET GROUP, LLC | $46.4M incl. $27.5M options CALL+PUT | 595,933 | 0.00% | 10q | +138.4%+$26.9M |
| Cedar Wealth Management, LLC | $45.5M | 1,435,868 | 11.71% | 31q | HELD |
| Cullen/Frost Bankers, Inc. | $45.1M | 1,421,380 | 0.44% | 25q | -10.4%-$5.3M |
| Equitable Holdings, Inc. | $43.5M | 1,371,794 | 0.26% | 27q | +8.6%+$3.4M |
| Aptus Capital Advisors, LLC | $41.7M | 1,313,803 | 0.29% | 28q | HELD |
| ForthRight Wealth Management, LLC | $41.1M | 1,297,540 | 10.53% | 19q | +0.6%+$234.6K |
| Ameritas Advisory Services, LLC | $40.0M | 1,262,852 | 0.81% | 19q | +108.4%+$20.8M |
| Private Advisor Group, LLC | $39.8M | 1,255,770 | 0.18% | 31q | -12.2%-$5.6M |
| Apriem Advisors | $39.0M | 1,230,371 | 3.38% | 31q | +9.9%+$3.5M |
| Intergy Private Wealth, LLC | $39.0M | 1,228,413 | 9.00% | 19q | +6.4%+$2.4M |
| Focus Partners Advisor Solutions, LLC | $38.7M | 1,221,445 | 0.33% | 18q | -1.1%-$415.4K |
| CRA Financial Services, LLC | $38.7M | 1,220,811 | 4.46% | 31q | +2.7%+$1.0M |
Showing the largest 100 of 2,166 reported holders. The count of 2,165 above leaves out 1 position whose reported value failed our price check; it is listed here as filed.
Q2 2026 in brief
In Q2 2026, 2,165 managers that file Form 13F reported holding Schwab Strategic Tr (SCHD), $26.7B in all. 196 managers opened a position and 106 sold out completely, against 2,075 holders the quarter before. Largest holders: Sumitomo Life Insurance Co, Rakuten Investment Management, Inc. and Bank Of America Corp /De/. Largest new positions: Fiduciary Financial Advisors ($15.4M), Biondo Investment Advisors, Llc ($11.4M) and B&D White Capital Company, Llc ($9.4M).
Q2 2026 is the latest quarter whose 13F deadline has passed. A 13F shows long US stock positions at quarter end, filed up to 45 days later; an adviser and a sub-adviser can both report the same shares.
Quarter by quarter
Coverage begins with the quarter ending 2018-12-31. Earlier filings exist only as occasional late amendments, too sparse to describe a market, so they are not shown.
| Quarter | Holders | Value | Shares | New | Added | Trimmed | Options |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 1,041 | $6.2B | 190,111,510 | 58 | 487 | 260 | 0.0% |
| Q2 2026 | 2,165 | $26.7B | 834,180,966 | 165 | 956 | 573 | 0.7% |
| Q1 2026 | 2,075 | $25.2B | 822,778,416 | 207 | 765 | 701 | 0.9% |
| Q4 2025 | 1,962 | $22.3B | 803,014,176 | 113 | 660 | 728 | 1.0% |
| Q3 2025 | 1,812 | $22.6B | 819,305,366 | 108 | 679 | 697 | 0.9% |
| Q2 2025 | 1,812 | $21.5B | 803,115,751 | 106 | 761 | 602 | 0.9% |
| Q1 2025 | 1,815 | $24.5B | 870,593,680 | 108 | 818 | 530 | 0.8% |
| Q4 2024 | 1,816 | $23.4B | 845,218,552 | 109 | 761 | 494 | 0.9% |
| Q3 2024 | 1,636 | $22.5B | 268,253,399 | 126 | 749 | 459 | 1.1% |
| Q2 2024 | 1,567 | $22.4B | 267,193,086 | 76 | 616 | 517 | 0.8% |
| Q1 2024 | 1,580 | $23.5B | 289,411,013 | 125 | 667 | 506 | 0.9% |
| Q4 2023 | 1,533 | $21.6B | 281,240,209 | 111 | 555 | 537 | 0.9% |
| Q3 2023 | 1,389 | $19.6B | 274,703,618 | 82 | 612 | 436 | 0.7% |
| Q2 2023 | 1,386 | $19.0B | 258,592,468 | 95 | 623 | 434 | 1.0% |
| Q1 2023 | 1,353 | $18.8B | 254,500,265 | 95 | 660 | 365 | 0.8% |
| Q4 2022 | 1,331 | $19.3B | 254,435,037 | 139 | 625 | 305 | 0.8% |
| Q3 2022 | 1,155 | $319.9B | 4,814,007,585 | 80 | 587 | 271 | 0.0% |
| Q2 2022 | 1,180 | $326.5B | 4,555,360,960 | 86 | 605 | 250 | 0.0% |
| Q1 2022 | 1,170 | $355.8B | 4,535,998,867 | 101 | 573 | 235 | 0.0% |
| Q4 2021 | 1,110 | $228.2B | 2,821,623,688 | 95 | 467 | 221 | 0.0% |
| Q3 2021 | 929 | $137.9B | 1,855,316,057 | 53 | 463 | 208 | 0.0% |
| Q2 2021 | 914 | $110.0B | 1,453,585,007 | 93 | 454 | 194 | 0.0% |
| Q1 2021 | 852 | $101.1B | 1,385,398,711 | 103 | 391 | 201 | 0.0% |
| Q4 2020 | 778 | $118.3B | 1,845,300,250 | 79 | 320 | 189 | 0.0% |
| Q3 2020 | 678 | $61.5B | 1,111,232,304 | 65 | 271 | 194 | 0.0% |
| Q2 2020 | 650 | $58.4B | 1,128,265,348 | 67 | 226 | 224 | 0.0% |
| Q1 2020 | 643 | $46.9B | 1,048,552,901 | 70 | 258 | 207 | 0.0% |
| Q4 2019 | 669 | $50.6B | 874,339,155 | 58 | 254 | 145 | 0.0% |
| Q3 2019 | 546 | $42.7B | 778,960,533 | 45 | 233 | 141 | 0.0% |
| Q2 2019 | 523 | $40.0B | 747,770,102 | 39 | 211 | 141 | 0.0% |
| Q1 2019 | 522 | $37.0B | 708,052,269 | 62 | 188 | 155 | 0.0% |
| Q4 2018 | 485 | $5.2B | 111,245,189 | 7 | 6 | 9 | 0.1% |