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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
GFP
976
Guardian Financial Partners
California
$241K +$68 +3 +0%
TBWA
977
Three Bridge Wealth Advisors
California
$238K -$7.33K -322 -3%
TH
978
Team Hewins
California
$232K – – –
AWM
979
Act Wealth Management
Texas
$232K +$1.09K +48 +0.4%
GA
980
Goldstein Advisors
Wisconsin
$231K +$244K +10,716 New
AIMC
981
Alley Investment Management Company
Illinois
$230K – – –
Bessemer Group
982
Bessemer Group
New Jersey
$230K – – –
CPSAC
983
Chas P. Smith & Associates (CPS)
Florida
$228K – – –
W
984
Wealthquest
Ohio
$227K +$240K +10,564 New
OCM
985
Orion Capital Management
California
$227K +$9.69K +426 +4%
WPIC
986
White Pine Investment Company
Michigan
$226K -$15.7K -692 -6%
CAC
987
Certified Advisory Corp
Florida
$226K +$182 +8 +0.1%
UFA
988
US Financial Advisors
Massachusetts
$225K – – –
CFIA
989
Cantor Fitzgerald Investment Advisors
New York
$224K +$34.7K +1,526 +17%
QPWM
990
Quadrant Private Wealth Management
Pennsylvania
$223K -$644K -28,313 -73%
FLPIM
991
F.L. Putnam Investment Management
Massachusetts
$221K +$234K +10,274 New
Fisher Asset Management
992
Fisher Asset Management
Washington
$221K -$34.9K -1,533 -13%
IFS
993
Ifrah Financial Services
Arkansas
$221K -$5.23K -230 -2%
SCTC
994
Sanibel Captiva Trust Company
Florida
$220K +$28K +1,230 +14%
HA
995
HC Advisors
Georgia
$219K – – –
ACI
996
Alpha Cubed Investments
California
$219K -$23 -1 -0%
QFPS
997
Quantum Financial Planning Services
Washington
$218K +$231K +10,138 New
RPSA
998
Richard P. Slaughter Associates
Texas
$218K -$181K -7,965 -44%
CCA
999
Clarity Capital Advisors
Florida
$218K – – –
SPA
1000
Sentinel Pension Advisors
Massachusetts
$218K – – –
38 39
40
41 42

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.