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Schwab Fundamental US Broad Market Index ETF
FNDB

126 hedge funds and large institutions have $221M invested in Schwab Fundamental US Broad Market Index ETF in 2023 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 42 increasing their positions, 32 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

633% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 3

50% more funds holding in top 10

Funds holding in top 10: 4 → 6 (+2)

41% more capital invested

Capital invested by funds: $157M → $221M (+$63.8M)

31% more repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 32

16% more funds holding

Funds holding: 109 → 126 (+17)

11.43% more ownership

Funds ownership: 90.45% → 101.88% (+11%)

Holders
126
Holders Change
+17
Holders Change %
+15.6%
% of All Funds
1.84%
Holding in Top 10
6
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+50%
% of All Funds
0.09%
New
22
Increased
42
Reduced
32
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
FC
Financial Consulate
Maryland
+$30.8M
2
Morgan Stanley
Morgan Stanley
New York
+$4.12M
3
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$1.71M
4
JP Morgan Chase
JP Morgan Chase
New York
+$1.06M
5
SL
Systelligence LLC
Minnesota
+$928K

Top Sellers

Rank Fund Capital Flow
1
RJFSA
Raymond James Financial Services Advisors
Florida
-$747K
2
GFP
Guardian Financial Partners
California
-$456K
3
CFO
CVA Family Office
Colorado
-$354K
4
UBS Group
UBS Group
Switzerland
-$352K
5
CC
Callan Capital
California
-$287K
Name Holding Trade Value Shares
Change 		Change in
Stake
RJA
26
Raymond James & Associates
Florida
$1.61M +$136K +7,170 +10%
YWM
27
Yoder Wealth Management
California
$1.59M -$142K -7,500 -9%
FNC
28
First National Corp
Massachusetts
$1.51M +$142K +7,530 +11%
WANY
29
Wealthspire Advisors (New York)
New York
$1.44M – – –
KFS
30
Kaizen Financial Strategies
California
$1.23M +$9.59K +507 +0.8%
Commonwealth Equity Services
31
Commonwealth Equity Services
Massachusetts
$1.23M +$171K +9,063 +18%
CCM
32
Coldstream Capital Management
Washington
$1.16M – – –
Bank of America
33
Bank of America
North Carolina
$1.1M +$352K +18,630 +53%
EWP
34
Elevation Wealth Partners
California
$1.05M – – –
BBHC
35
Brown Brothers Harriman & Co
New York
$1.04M – – –
FG
36
Foster Group
Iowa
$1.01M – – –
CWC
37
Carolinas Wealth Consulting
North Carolina
$984K +$4.94K +261 +0.5%
WFA
38
Wade Financial Advisory
California
$973K -$12.1K -642 -1%
RTL
39
Red Tortoise LLC
Georgia
$929K +$4.26K +225 +0.5%
MWM
40
MorganRosel Wealth Management
Colorado
$926K -$4.71K -249 -0.5%
SWM
41
SeaCrest Wealth Management
New York
$908K -$23.9K -1,266 -3%
QCG
42
Quadrant Capital Group
Ohio
$895K – – –
CW
43
Channel Wealth
California
$865K -$156K -8,250 -16%
GA
44
GSG Advisors
New Jersey
$835K +$2.67K +141 +0.3%
MML Investors Services
45
MML Investors Services
Massachusetts
$819K -$93.6K -4,947 -11%
JIR
46
James Investment Research
Ohio
$786K +$92.6K +4,896 +15%
NHC
47
Nicholas Hoffman & Company
Georgia
$777K +$406K +21,441 +128%
MCM
48
MAI Capital Management
Ohio
$776K -$28.2K -1,491 -4%
HWM
49
HB Wealth Management
Georgia
$771K – – –
Creative Planning
50
Creative Planning
Kansas
$764K +$11.6K +612 +2%
1
2
3 4 5

FNDB Hedge Fund Activity: Q4 2023 in Review

126 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Schwab Fundamental US Broad Market Index ETF (FNDB) for Q4 2023, worth a combined $221M — up 41% from $157M a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new FNDB positions and 3 closed out — a net gain of 19 holders — while 42 added to existing stakes and 32 trimmed.

The largest buyer was Financial Consulate, opening a new position worth an estimated $30.8M. The largest seller was Raymond James Financial Services Advisors, cutting an estimated $747K.

  • 126 institutional investors held Schwab Fundamental US Broad Market Index ETF (FNDB) as of Q4 2023, up from 109 in Q3 2023.
  • Funds reported $221M of Schwab Fundamental US Broad Market Index ETF stock for Q4 2023, up 41% quarter-over-quarter.
  • 22 funds opened new Schwab Fundamental US Broad Market Index ETF positions in Q4 2023 and 3 closed out, a net change of +19 holders.
  • The largest Schwab Fundamental US Broad Market Index ETF buyer in Q4 2023 was Financial Consulate, an estimated $30.8M added.
  • The largest Schwab Fundamental US Broad Market Index ETF seller in Q4 2023 was Raymond James Financial Services Advisors, an estimated $747K sold.

Based on aggregated 13F filings for Q4 2023.