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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
AWMM
801
Aegis Wealth Management (Maryland)
Maryland
$1.88M -$855K -31,333 -31%
BWM
802
BCGM Wealth Management
Indiana
$1.88M +$118K +4,331 +7%
PTC
803
Private Trust Company
Ohio
$1.87M -$53.6K -1,964 -3%
KWM
804
KFG Wealth Management
Indiana
$1.87M +$520K +19,077 +39%
WCM
805
Whitener Capital Management
North Carolina
$1.86M -$48.2K -1,765 -3%
BB
806
Bell Bank
North Dakota
$1.85M +$761K +27,877 +70%
MIA
807
MainStreet Investment Advisors
Illinois
$1.85M +$716K +26,250 +63%
HNB
808
Huntington National Bank
Ohio
$1.84M – – –
JCM
809
Janney Capital Management
Pennsylvania
$1.83M -$21.2K -778 -1%
CWAF
810
Core Wealth Advisors (Florida)
Florida
$1.83M +$106K +3,899 +6%
WEG
811
World Equity Group
Illinois
$1.83M +$64.5K +2,365 +4%
KA
812
Kovack Advisors
Florida
$1.82M -$79.6K -2,919 -4%
NA
813
Note Advisors
New York
$1.81M +$182K +6,661 +11%
FP
814
Financial Perspectives
Minnesota
$1.81M +$327K +11,990 +22%
FFA
815
Founders Financial Alliance
North Carolina
$1.8M -$25.2K -924 -1%
TFA
816
Teamwork Financial Advisors
Texas
$1.8M -$127K -4,662 -7%
DC
817
Diametric Capital
Massachusetts
$1.79M +$268K +9,825 +18%
WFG
818
Wills Financial Group
Virginia
$1.79M +$128K +4,702 +8%
FFP
819
FourThought Financial Partners
Florida
$1.79M – – –
CAM
820
Costello Asset Management
Pennsylvania
$1.76M -$368K -13,496 -17%
FWP
821
Forefront Wealth Partners
Texas
$1.76M -$734K -26,896 -29%
MPWT
822
MassMutual Private Wealth & Trust
Connecticut
$1.75M +$715K +26,200 +69%
EWA
823
Elevate Wealth Advisory
Georgia
$1.75M +$11.5K +422 +0.7%
Vanguard Group
824
Vanguard Group
Pennsylvania
$1.75M +$69.4K +2,544 +4%
CFG
825
Chapman Financial Group
Hawaii
$1.73M +$337K +12,339 +24%
31 32
33
34 35

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.