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Schwab Fundamental US Broad Market Index ETF
FNDB

156 hedge funds and large institutions have $319M invested in Schwab Fundamental US Broad Market Index ETF in 2025 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 66 increasing their positions, 33 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more repeat investments, than reductions

Existing positions increased: 66 | Existing positions reduced: 33

10% more capital invested

Capital invested by funds: $289M → $319M (+$29.7M)

9% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 11

0% more funds holding

Funds holding: 156 → 156 (0)

0% more funds holding in top 10

Funds holding in top 10: 6 → 6 (0)

0.23% less ownership

Funds ownership: 31.17% → 30.94% (-0.23%)

Holders
156
Holders Change
–
Holders Change %
0%
% of All Funds
2.05%
Holding in Top 10
6
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.08%
New
12
Increased
66
Reduced
33
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Goldman Sachs
Goldman Sachs
New York
+$5.05M
2
CL
COWA LLC
Oklahoma
+$2.45M
3
CWM
Centurion Wealth Management
Virginia
+$2.14M
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$1.8M
5
Osaic Holdings
Osaic Holdings
Arizona
+$1.07M

Top Sellers

1
FC
Financial Consulate
Maryland
-$4.96M
2
TAM
Townsend Asset Management
North Carolina
-$1.53M
3
KFS
Kaizen Financial Strategies
California
-$804K
4
Citadel Advisors
Citadel Advisors
Florida
-$762K
5
SA
Sanctuary Advisors
Indiana
-$757K
Name Holding Trade Value Shares
Change 		Change in
Stake
SPIA
101
Steward Partners Investment Advisory
New York
$271K +$84.5K +3,403 +48%
AF
102
Advisornet Financial
Minnesota
$254K -$77.5K -3,121 -24%
Mercer Global Advisors
103
Mercer Global Advisors
Colorado
$245K +$15.9K +640 +7%
WAG
104
Winthrop Advisory Group
Massachusetts
$237K +$1.47K +59 +0.6%
Northwestern Mutual Wealth Management
105
Northwestern Mutual Wealth Management
Wisconsin
$236K – – –
BIM
106
Breakwater Investment Management
Washington
$230K – – –
CA
107
Crewe Advisors
Utah
$228K – – –
Focus Partners Wealth
108
Focus Partners Wealth
Massachusetts
$221K +$6.56K +264 +3%
4WM
109
49 Wealth Management
Texas
$220K -$6.63K -267 -3%
PNC Financial Services Group
110
PNC Financial Services Group
Pennsylvania
$218K -$5.64K -227 -3%
SFA
111
Sequoia Financial Advisors
Ohio
$211K +$203K +8,187 New
TCM
112
TruNorth Capital Management
Michigan
$210K -$7.08K -285 -3%
KHC
113
Koesten Hirschmann & Crabtree
Kansas
$194K – – –
HI
114
Harbour Investments
Wisconsin
$192K +$770 +31 +0.4%
HAP
115
Harbor Asset Planning
Massachusetts
$179K +$745 +30 +0.4%
PA
116
Pineridge Advisors
Missouri
$174K -$5.81K -234 -3%
SAM
117
S.A. Mason
Michigan
$169K +$25 +1 +0%
VNA
118
Valley National Advisers
Pennsylvania
$159K – – –
CF
119
Centaurus Financial
California
$152K – – –
AAS
120
Ameritas Advisory Services
Nebraska
$131K +$98.3K +3,959 +348%
PFBT
121
Parkside Financial Bank & Trust
Missouri
$123K -$1.44K -58 -1%
Rockefeller Capital Management
122
Rockefeller Capital Management
New York
$120K +$116K +4,650 New
TLA
123
Tanglewood Legacy Advisors
Texas
$108K – – –
CVM
124
Cheviot Value Management
California
$106K +$422 +17 +0.4%
SC
125
SouthState Corp
Florida
$89.5K -$13.8K -555 -14%
3 4
5
6 7

FNDB Hedge Fund Activity: Q3 2025 in Review

156 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Schwab Fundamental US Broad Market Index ETF (FNDB) for Q3 2025, worth a combined $319M — up 10% from $289M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new FNDB positions and 11 closed out — a net gain of 1 holder — while 66 added to existing stakes and 33 trimmed.

The largest buyer was Goldman Sachs, adding an estimated $5.05M. The largest seller was Financial Consulate, cutting an estimated $4.96M.

  • 156 institutional investors held Schwab Fundamental US Broad Market Index ETF (FNDB) as of Q3 2025, unchanged from Q2 2025.
  • Funds reported $319M of Schwab Fundamental US Broad Market Index ETF stock for Q3 2025, up 10% quarter-over-quarter.
  • 12 funds opened new Schwab Fundamental US Broad Market Index ETF positions in Q3 2025 and 11 closed out, a net change of +1 holder.
  • The largest Schwab Fundamental US Broad Market Index ETF buyer in Q3 2025 was Goldman Sachs, an estimated $5.05M added.
  • The largest Schwab Fundamental US Broad Market Index ETF seller in Q3 2025 was Financial Consulate, an estimated $4.96M sold.

Based on aggregated 13F filings for Q3 2025.