Schwab Fundamental US Broad Market Index ETF
FNDB
110 hedge funds and large institutions have $157M invested in Schwab Fundamental US Broad Market Index ETF in 2023 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 38 increasing their positions, 28 reducing their positions, and 10 closing their positions.
36% more repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 28
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
20% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 10
9% more capital invested
Capital invested by funds: $144M → $157M (+$13.2M)
6.02% more ownership
Funds ownership: 84.45% → 90.46% (+6%)
1% more funds holding
Funds holding: 109 → 110 (+1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SL
Systelligence LLC
Bloomington,
Minnesota
|
+$10.6M |
| 2 |
GFP
Guardian Financial Partners
Orange,
California
|
+$4.79M |
| 3 |
LPL Financial
San Diego,
California
|
+$3.66M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$1.78M |
| 5 |
FTUS
Flow Traders U.S.
New York
|
+$1.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LNC
Lincoln National Corp
Radnor,
Pennsylvania
|
-$2.32M |
| 2 |
VA
Valmark Advisers
Akron,
Ohio
|
-$1.71M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$1M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$834K |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
-$448K |
FNDB Hedge Fund Activity: Q3 2023 in Review
110 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Schwab Fundamental US Broad Market Index ETF (FNDB) for Q3 2023, worth a combined $157M — up 9.2% from $144M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new FNDB positions and 10 closed out — a net gain of 2 holders — while 38 added to existing stakes and 28 trimmed.
The largest buyer was Systelligence LLC, opening a new position worth an estimated $10.6M. The largest seller was Lincoln National Corp, exiting entirely with an estimated $2.32M sold.
- 110 institutional investors held Schwab Fundamental US Broad Market Index ETF (FNDB) as of Q3 2023, up from 109 in Q2 2023.
- Funds reported $157M of Schwab Fundamental US Broad Market Index ETF stock for Q3 2023, up 9.2% quarter-over-quarter.
- 12 funds opened new Schwab Fundamental US Broad Market Index ETF positions in Q3 2023 and 10 closed out, a net change of +2 holders.
- The largest Schwab Fundamental US Broad Market Index ETF buyer in Q3 2023 was Systelligence LLC, an estimated $10.6M added.
- The largest Schwab Fundamental US Broad Market Index ETF seller in Q3 2023 was Lincoln National Corp, an estimated $2.32M sold.
Based on aggregated 13F filings for Q3 2023.