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Schwab US Broad Market ETF
SCHB

1,170 hedge funds and large institutions have $10.2B invested in Schwab US Broad Market ETF in 2025 Q1 according to their latest regulatory filings, with 79 funds opening new positions, 462 increasing their positions, 428 reducing their positions, and 59 closing their positions.

New
Increased
Maintained
Reduced
Closed

258% more call options, than puts

Call options by funds: $34.7M | Put options by funds: $9.7M

34% more first-time investments, than exits

New positions opened: 79 | Existing positions closed: 59

8% more repeat investments, than reductions

Existing positions increased: 462 | Existing positions reduced: 428

0.24% more ownership

Funds ownership: 33.08% → 33.32% (+0.24%)

1% less funds holding

Funds holding: 1,178 → 1,170 (-8)

5% less funds holding in top 10

Funds holding in top 10: 138 → 131 (-7)

27% less capital invested

Capital invested by funds: $14.1B → $10.2B (-$3.85B)

Holders
1,170
Holders Change
-8
Holders Change %
-0.68%
% of All Funds
15.69%
Holding in Top 10
131
Holding in Top 10 Change
-7
Holding in Top 10 Change %
-5.07%
% of All Funds
1.76%
New
79
Increased
462
Reduced
428
Closed
59
Calls
$34.7M
Puts
$9.7M
Net Calls
+$25M
Net Calls Change
+$14.5M

Top Buyers

Rank Fund Capital Flow
1
GFA
Gallagher Fiduciary Advisors
Illinois
+$61.5M
2
KAS
Kestra Advisory Services
Texas
+$43.3M
3
CMAI
Capital Management Associates Inc
Minnesota
+$41.6M
4
SCM
SCS Capital Management
Massachusetts
+$38.6M
5
WA
Waverly Advisors
Alabama
+$35.3M

Top Sellers

Rank Fund Capital Flow
1
Empower Advisory Group
Empower Advisory Group
Colorado
-$98.1M
2
RPGK
Retirement Planning Group (Kansas)
Kansas
-$91M
3
Wealthfront Advisers
Wealthfront Advisers
California
-$40.9M
4
WCM
Weaver Capital Management
Georgia
-$33.9M
5
FSA
Financial Services Advisory
Maryland
-$24.9M
Name Holding Trade Value Shares
Change 		Change in
Stake
CAPTRUST Financial Advisors
26
CAPTRUST Financial Advisors
North Carolina
$72.9M +$1.47M +64,697 +2%
SFG
27
Socha Financial Group
New York
$69M +$2.32M +102,133 +3%
Bank of America
28
Bank of America
North Carolina
$67.7M +$1.33M +58,449 +2%
HSA
29
HBK Sorce Advisory
Pennsylvania
$66.6M +$684K +30,074 +1%
BP
30
Ballentine Partners
Massachusetts
$66.4M -$840K -36,930 -1%
CFGSD
31
Compass Financial Group (South Dakota)
South Dakota
$63.8M +$5.52M +242,795 +9%
NSAM
32
North Star Asset Management
Wisconsin
$62.6M -$777K -34,149 -1%
AAIM
33
Asset Advisors Investment Management
Georgia
$61.5M -$331K -14,547 -0.5%
Brown Advisory
34
Brown Advisory
Maryland
$60.7M +$385K +16,934 +0.6%
DLCIG
35
D.L. Carlson Investment Group
New Hampshire
$59.5M +$423K +18,589 +0.7%
CWM
36
Circle Wealth Management
New Jersey
$59.4M -$6.12M -269,205 -9%
WA
37
Waverly Advisors
Alabama
$58.9M +$35.3M +1,553,773 +131%
GFA
38
Gallagher Fiduciary Advisors
Illinois
$58.2M +$61.5M +2,703,208 New
LPL Financial
39
LPL Financial
California
$57.6M +$13.7M +603,059 +29%
CCWA
40
CLA (CliftonLarsonAllen) Wealth Advisors
Minnesota
$55.1M -$4.42M -194,333 -7%
Royal Bank of Canada
41
Royal Bank of Canada
Ontario, Canada
$54.1M +$1.77M +77,741 +3%
LFS
42
Legacy Financial Strategies
Kansas
$53.5M +$2.5M +109,858 +5%
M
43
MYeCFO
California
$51M +$2.23M +97,986 +4%
CAG
44
Compass Advisory Group
New York
$50.4M +$100K +4,416 +0.2%
CG
45
Caprock Group
Idaho
$47.5M -$760K -33,428 -1%
KAS
46
Kestra Advisory Services
Texas
$47.4M +$43.3M +1,903,192 +1,807%
WA
47
WBH Advisory
Maryland
$45.8M +$1.98M +87,197 +4%
Creative Planning
48
Creative Planning
Kansas
$45.2M +$290K +12,746 +0.6%
Wealth Enhancement Advisory Services
49
Wealth Enhancement Advisory Services
Minnesota
$45.1M +$4.07M +178,997 +9%
ACA
50
Aptus Capital Advisors
Alabama
$44.1M +$1.29M +56,626 +3%
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SCHB Hedge Fund Activity: Q1 2025 in Review

1,170 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in Schwab US Broad Market ETF (SCHB) for Q1 2025, worth a combined $10.2B — down 27% from $14.1B a quarter earlier.

Buyers outnumbered sellers: 79 funds opened new SCHB positions and 59 closed out — a net gain of 20 holders — while 462 added to existing stakes and 428 trimmed.

The largest buyer was Gallagher Fiduciary Advisors, opening a new position worth an estimated $61.5M. The largest seller was Empower Advisory Group, cutting an estimated $98.1M.

  • 1,170 institutional investors held Schwab US Broad Market ETF (SCHB) as of Q1 2025, down from 1,178 in Q4 2024.
  • Funds reported $10.2B of Schwab US Broad Market ETF stock for Q1 2025, down 27% quarter-over-quarter.
  • 79 funds opened new Schwab US Broad Market ETF positions in Q1 2025 and 59 closed out, a net change of +20 holders.
  • The largest Schwab US Broad Market ETF buyer in Q1 2025 was Gallagher Fiduciary Advisors, an estimated $61.5M added.
  • The largest Schwab US Broad Market ETF seller in Q1 2025 was Empower Advisory Group, an estimated $98.1M sold.

Based on aggregated 13F filings for Q1 2025.