Schwab Fundamental US Broad Market Index ETF
FNDB
69 hedge funds and large institutions have $53.9M invested in Schwab Fundamental US Broad Market Index ETF in 2020 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 16 increasing their positions, 32 reducing their positions, and 8 closing their positions.
3% less funds holding
Funds holding: 71 → 69 (-2)
14% less capital invested
Capital invested by funds: $62.3M → $53.9M (-$8.43M)
16.53% less ownership
Funds ownership: 86.95% → 70.42% (-17%)
25% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 8
50% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 32
100% less funds holding in top 10
Funds holding in top 10: 5 → 0 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$2.7M |
| 2 |
QCG
Quadrant Capital Group
Cincinnati,
Ohio
|
+$664K |
| 3 |
FTUS
Flow Traders U.S.
New York
|
+$639K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$591K |
| 5 |
CAM
Cozad Asset Management
Champaign,
Illinois
|
+$351K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OWM
Opes Wealth Management
Menlo Park,
California
|
-$7.23M |
| 2 |
CMO
Covenant Multifamily Offices
San Antonio,
Texas
|
-$2.13M |
| 3 |
Chevy Chase Trust
Bethesda,
Maryland
|
-$2.09M |
| 4 |
SSWM
Sheets Smith Wealth Management
Winston-Salem,
North Carolina
|
-$1.72M |
| 5 |
CC
Callan Capital
La Jolla,
California
|
-$1.71M |
FNDB Hedge Fund Activity: Q2 2020 in Review
69 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Schwab Fundamental US Broad Market Index ETF (FNDB) for Q2 2020, worth a combined $53.9M — down 14% from $62.3M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of FNDB and 6 opened new positions — a net loss of 2 holders — while 32 trimmed existing stakes and 16 added.
The largest buyer was Royal Bank of Canada, adding an estimated $2.7M. The largest seller was Opes Wealth Management, cutting an estimated $7.23M.
- 69 institutional investors held Schwab Fundamental US Broad Market Index ETF (FNDB) as of Q2 2020, down from 71 in Q1 2020.
- Funds reported $53.9M of Schwab Fundamental US Broad Market Index ETF stock for Q2 2020, down 14% quarter-over-quarter.
- 6 funds opened new Schwab Fundamental US Broad Market Index ETF positions in Q2 2020 and 8 closed out, a net change of -2 holders.
- The largest Schwab Fundamental US Broad Market Index ETF buyer in Q2 2020 was Royal Bank of Canada, an estimated $2.7M added.
- The largest Schwab Fundamental US Broad Market Index ETF seller in Q2 2020 was Opes Wealth Management, an estimated $7.23M sold.
Based on aggregated 13F filings for Q2 2020.