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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
UAS
826
United Asset Strategies
New York
$388K +$227 +10 +0.1%
YAL
827
Your Advocates Ltd
Texas
$387K +$1.18K +52 +0.3%
AC
828
Apella Capital
Connecticut
$387K +$3.75K +165 +0.9%
PWA
829
Physician Wealth Advisors
Utah
$386K +$5.57K +245 +1%
SFP
830
Shepherd Financial Partners
Massachusetts
$385K +$1.23K +54 +0.3%
GC
831
Garde Capital
Washington
$385K -$47.9K -2,106 -11%
SRC
832
Sage Rhino Capital
California
$384K +$1.05K +46 +0.3%
SPWM
833
Schrum Private Wealth Management
Florida
$384K – – –
HWP
834
Heritage Wealth Partners
Ohio
$383K +$405K +17,787 New
PSF
835
Pacific Sun Financial
California
$380K – – –
AWM
836
Apex Wealth Management
New Hampshire
$377K +$11.6K +509 +3%
RA
837
Resolute Advisors
California
$377K +$36.2K +1,592 +10%
ONSWM
838
Old North State Wealth Management
North Carolina
$377K +$1.91K +84 +0.5%
FA
839
Fiducient Advisors
Illinois
$375K +$396K +17,402 New
KA
840
Klingman & Associates
New York
$375K – – –
JPWM
841
Jamison Private Wealth Management
Georgia
$374K -$14.9K -653 -4%
NP
842
NorthRock Partners
Minnesota
$374K +$273 +12 +0.1%
GCM
843
Gibraltar Capital Management
Oklahoma
$373K – – –
PI
844
Pachira Investments
California
$372K +$43.9K +1,930 +13%
BWMG
845
Barnes Wealth Management Group
California
$372K +$91K +4,000 +30%
TCM
846
Telos Capital Management
California
$371K -$107K -4,711 -21%
AA
847
AlphaQ Advisors
Florida
$371K +$1.41K +62 +0.4%
CIA
848
Capital Investment Advisors
Georgia
$370K +$71K +3,120 +22%
GLA
849
Good Life Advisors
Pennsylvania
$367K +$1.18K +52 +0.3%
GC
850
Gibson Capital
Pennsylvania
$366K +$387K +17,012 New
32 33
34
35 36

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.