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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
WRPWM
76
Werba Rubin Papier Wealth Management
California
$338K – – –
ZIMP
77
Zimmermann Investment Management & Planning
Pennsylvania
$310K +$287K +15,198 New
GVAG
78
Great Valley Advisor Group
Delaware
$307K +$285K +15,084 New
Baird Financial Group
79
Baird Financial Group
Wisconsin
$304K +$38K +2,007 +16%
EWM
80
Empirical Wealth Management
Washington
$297K -$170 -9 -0.1%
GRP
81
Global Retirement Partners
California
$296K – – –
SFA
82
Sequoia Financial Advisors
Ohio
$293K +$272K +14,373 New
TIM
83
Total Investment Management
Arizona
$279K +$1.25K +66 +0.5%
SFG
84
SNS Financial Group
Minnesota
$264K – – –
TRCT
85
Tower Research Capital (TRC)
New York
$261K +$207K +10,950 +586%
4WM
86
49 Wealth Management
Texas
$253K +$235K +12,405 New
Stifel Financial
87
Stifel Financial
Missouri
$251K +$234K +12,345 New
Mercer Global Advisors
88
Mercer Global Advisors
Colorado
$249K +$57 +3 +0%
SWP
89
Stratos Wealth Partners
Ohio
$221K +$205K +10,860 New
FM
90
Foster & Motley
Ohio
$205K +$190K +10,068 New
PNC Financial Services Group
91
PNC Financial Services Group
Pennsylvania
$202K -$160K -8,454 -46%
IWC
92
Integrated Wealth Concepts
Massachusetts
$200K +$186K +9,843 New
KCM
93
Kendall Capital Management
Maryland
$200K +$186K +9,822 New
CA
94
Crewe Advisors
Utah
$180K – – –
KHC
95
Koesten Hirschmann & Crabtree
Kansas
$153K – – –
HI
96
Harbour Investments
Wisconsin
$139K +$738 +39 +0.6%
Wells Fargo
97
Wells Fargo
California
$139K -$57 -3 -0%
SAM
98
S.A. Mason
Michigan
$133K – – –
PCMC
99
Private Capital Management (Colorado)
Colorado
$125K -$84.6K -4,473 -42%
Northwestern Mutual Wealth Management
100
Northwestern Mutual Wealth Management
Wisconsin
$112K +$104K +5,523 New
2 3
4
5 6

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.