Schwab Fundamental US Broad Market Index ETF
FNDB
162 hedge funds and large institutions have $311M invested in Schwab Fundamental US Broad Market Index ETF in 2025 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 68 increasing their positions, 36 reducing their positions, and 5 closing their positions.
180% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 5
89% more repeat investments, than reductions
Existing positions increased: 68 | Existing positions reduced: 36
3% more funds holding
Funds holding: 157 → 162 (+5)
2% less capital invested
Capital invested by funds: $319M → $311M (-$7.88M)
1.21% less ownership
Funds ownership: 30.94% → 29.73% (-1.2%)
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mariner
Overland Park,
Kansas
|
+$1.26M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
+$1.02M |
| 3 |
FCM
Family Capital Management
Grand Rapids,
Michigan
|
+$950K |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
+$866K |
| 5 |
MCM
MAI Capital Management
Independence,
Ohio
|
+$831K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$10.8M |
| 2 |
FC
Financial Consulate
Hunt Valley,
Maryland
|
-$5.33M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$4.71M |
| 4 |
CL
COWA LLC
Tulsa,
Oklahoma
|
-$2.59M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.87M |
FNDB Hedge Fund Activity: Q4 2025 in Review
162 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in Schwab Fundamental US Broad Market Index ETF (FNDB) for Q4 2025, worth a combined $311M — down 2.5% from $319M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new FNDB positions and 5 closed out — a net gain of 9 holders — while 68 added to existing stakes and 36 trimmed.
The largest buyer was Mariner, adding an estimated $1.26M. The largest seller was Goldman Sachs, cutting an estimated $10.8M.
- 162 institutional investors held Schwab Fundamental US Broad Market Index ETF (FNDB) as of Q4 2025, up from 157 in Q3 2025.
- Funds reported $311M of Schwab Fundamental US Broad Market Index ETF stock for Q4 2025, down 2.5% quarter-over-quarter.
- 14 funds opened new Schwab Fundamental US Broad Market Index ETF positions in Q4 2025 and 5 closed out, a net change of +9 holders.
- The largest Schwab Fundamental US Broad Market Index ETF buyer in Q4 2025 was Mariner, an estimated $1.26M added.
- The largest Schwab Fundamental US Broad Market Index ETF seller in Q4 2025 was Goldman Sachs, an estimated $10.8M sold.
Based on aggregated 13F filings for Q4 2025.