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.
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%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FC
Financial Consulate
Hunt Valley,
Maryland
|
+$30.8M |
| 2 |
Morgan Stanley
New York
|
+$4.12M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$1.71M |
| 4 |
JP Morgan Chase
New York
|
+$1.06M |
| 5 |
SL
Systelligence LLC
Bloomington,
Minnesota
|
+$928K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$747K |
| 2 |
GFP
Guardian Financial Partners
Orange,
California
|
-$456K |
| 3 |
CFO
CVA Family Office
Denver,
Colorado
|
-$354K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$352K |
| 5 |
CC
Callan Capital
La Jolla,
California
|
-$287K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LWA
126
Lowe Wealth Advisors
Columbia,
Maryland
| $306 | – | – | – |
|
127
Truist Financial
Charlotte,
North Carolina
| – | -$221K | -12,021 | Closed |
|
|
MAWA
128
Moss Adams Wealth Advisors
Seattle,
Washington
| – | -$16.5K | -900 | Closed |
|
|
CWM
129
Cedar Wealth Management
Walnut Creek,
California
| – | -$826 | -45 | Closed |
|
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.