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Schwab US Dividend Equity ETF
SCHD

1,802 hedge funds and large institutions have $22.2B invested in Schwab US Dividend Equity ETF in 2025 Q3 according to their latest regulatory filings, with 126 funds opening new positions, 757 increasing their positions, 745 reducing their positions, and 87 closing their positions.

New
Increased
Maintained
Reduced
Closed

92% more call options, than puts

Call options by funds: $134M | Put options by funds: $69.9M

45% more first-time investments, than exits

New positions opened: 126 | Existing positions closed: 87

5% more capital invested

Capital invested by funds: $21B → $22.2B (+$1.15B)

2% more repeat investments, than reductions

Existing positions increased: 757 | Existing positions reduced: 745

0.64% more ownership

Funds ownership: 30.43% → 31.07% (+0.64%)

0% more funds holding

Funds holding: 1,800 → 1,802 (+2)

15% less funds holding in top 10

Funds holding in top 10: 246 → 208 (-38)

Holders
1,802
Holders Change
+2
Holders Change %
+0.11%
% of All Funds
23.65%
Holding in Top 10
208
Holding in Top 10 Change
-38
Holding in Top 10 Change %
-15.45%
% of All Funds
2.73%
New
126
Increased
757
Reduced
745
Closed
87
Calls
$134M
Puts
$69.9M
Net Calls
+$64.2M
Net Calls Change
+$16.9M

Top Buyers

1
SLI
Sumitomo Life Insurance
Japan
+$847M
2
Cetera Investment Advisers
Cetera Investment Advisers
Illinois
+$761M
3
CIBC World Market
CIBC World Market
Ontario, Canada
+$103M
4
Lido Advisors
Lido Advisors
California
+$32.3M
5
Cerity Partners
Cerity Partners
New York
+$27.4M

Top Sellers

1
Ameriprise
Ameriprise
Minnesota
-$150M
2
RWM
RMG Wealth Management
Wisconsin
-$126M
3
DE
Diversified Enterprises
Delaware
-$115M
4
LPL Financial
LPL Financial
California
-$79.7M
5
IAS
IMA Advisory Services
Colorado
-$62.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
CT
726
Caldwell Trust
Florida
$2.43M -$13.4K -493 -0.6%
WWA
727
WCG Wealth Advisors
Nevada
$2.43M -$76.9K -2,817 -3%
BBPWM
728
Blue Bell Private Wealth Management
Pennsylvania
$2.42M +$14.4K +529 +0.6%
AA
729
Armis Advisers
Georgia
$2.42M -$18.7M -683,865 -88%
HC
730
Hurley Capital
New York
$2.41M +$139K +5,077 +6%
Susquehanna International Group
731
Susquehanna International Group
Pennsylvania
$2.41M +$639K +23,429 +36%
OWM
732
Opes Wealth Management
California
$2.4M +$57.3K +2,101 +2%
FA
733
Freestate Advisors
Kansas
$2.4M +$19.2K +705 +0.8%
NFTC
734
North Forty Two & Co
Oregon
$2.38M +$11.2K +410 +0.5%
OSAM
735
O'Shaughnessy Asset Management
Connecticut
$2.37M +$964K +35,344 +69%
M
736
MYeCFO
California
$2.37M +$52.8K +1,936 +2%
BMCM
737
Bryn Mawr Capital Management
Pennsylvania
$2.36M -$353K -12,948 -13%
PWA
738
Principia Wealth Advisory
Texas
$2.36M +$2.03M +74,542 +633%
WCG
739
Weaver Consulting Group
California
$2.34M -$87.2K -3,196 -4%
FWWM
740
Fiscal Wisdom Wealth Management
Connecticut
$2.33M +$2.36M +86,335 New
SWM
741
SpringVest Wealth Management
Texas
$2.33M +$79.3K +2,906 +4%
RAG
742
RIA Advisory Group
Iowa
$2.32M -$64.7K -2,370 -3%
BWMG
743
Barnes Wealth Management Group
California
$2.32M +$33.6K +1,233 +1%
PWA
744
Physician Wealth Advisors
Utah
$2.3M -$405K -14,830 -15%
SFO
745
Stokes Family Office
Louisiana
$2.28M +$3.71K +136 +0.2%
FA
746
Fermata Advisors
California
$2.26M +$60.3K +2,212 +3%
FNBOMD
747
First National Bank of Mount Dora
Florida
$2.25M – – –
KF
748
Krilogy Financial
Missouri
$2.24M +$43.1K +1,579 +2%
BL
749
Balentine LLC
Georgia
$2.22M – – –
PCM
750
Pennsylvania Capital Management
Pennsylvania
$2.22M -$190K -6,977 -8%
28 29
30
31 32

SCHD Hedge Fund Activity: Q3 2025 in Review

1,802 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Schwab US Dividend Equity ETF (SCHD) for Q3 2025, worth a combined $22.2B — up 5.4% from $21B a quarter earlier.

Buyers outnumbered sellers: 126 funds opened new SCHD positions and 87 closed out — a net gain of 39 holders — while 757 added to existing stakes and 745 trimmed.

The largest buyer was Sumitomo Life Insurance, opening a new position worth an estimated $847M. The largest seller was Ameriprise, cutting an estimated $150M.

  • 1,802 institutional investors held Schwab US Dividend Equity ETF (SCHD) as of Q3 2025, up from 1,800 in Q2 2025.
  • Funds reported $22.2B of Schwab US Dividend Equity ETF stock for Q3 2025, up 5.4% quarter-over-quarter.
  • 126 funds opened new Schwab US Dividend Equity ETF positions in Q3 2025 and 87 closed out, a net change of +39 holders.
  • The largest Schwab US Dividend Equity ETF buyer in Q3 2025 was Sumitomo Life Insurance, an estimated $847M added.
  • The largest Schwab US Dividend Equity ETF seller in Q3 2025 was Ameriprise, an estimated $150M sold.

Based on aggregated 13F filings for Q3 2025.