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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
BDFN
851
Bond & Devick Financial Network
Minnesota
$1.55M -$74.1K -2,715 -5%
OCPWS
852
One Charles Private Wealth Services
Massachusetts
$1.55M -$495K -18,151 -24%
GSEP
853
Golden State Equity Partners
California
$1.54M +$95K +3,481 +7%
BCA
854
Bay Colony Advisors
Massachusetts
$1.54M +$491 +18 +0%
MFG
855
MidWestOne Financial Group
Iowa
$1.53M +$24.8K +908 +2%
MCC
856
Money Concepts Capital
Florida
$1.53M -$399K -14,619 -21%
ZF
857
Zhang Financial
Michigan
$1.52M +$5.73K +210 +0.4%
MA
858
Mezzasalma Advisors
New Jersey
$1.51M +$1.01M +37,033 +204%
FCIM
859
Fairview Capital Investment Management
California
$1.5M +$123K +4,510 +9%
TIAA Trust, National Association
860
TIAA Trust, National Association
North Carolina
$1.5M +$212K +7,779 +16%
EFS
861
Essex Financial Services
Connecticut
$1.5M -$78.2K -2,868 -5%
BTWM
862
Brass Tax Wealth Management
Ohio
$1.5M -$12.2M -448,572 -89%
PWSG
863
Pacific Wealth Strategies Group
California
$1.48M +$1.5K +55 +0.1%
IAP
864
Indie Asset Partners
Indiana
$1.48M -$47.6K -1,744 -3%
OF
865
Outfitter Financial
Maine
$1.48M -$62.9K -2,305 -4%
MWA
866
Medallion Wealth Advisors
Connecticut
$1.48M -$538K -19,723 -27%
RW
867
REDW Wealth
New Mexico
$1.48M +$50.1K +1,836 +4%
SW
868
SVB Wealth
Massachusetts
$1.48M -$154K -5,632 -9%
CWP
869
Clark Wealth Partners
Illinois
$1.47M -$15.2M -555,445 -91%
LNWWM
870
Laird Norton Wetherby Wealth Management
California
$1.46M -$1.07M -39,218 -42%
GS
871
GWN Securities
Florida
$1.46M -$753K -27,619 -34%
ECA
872
Elevation Capital Advisory
Oregon
$1.46M +$45.7K +1,674 +3%
MAMG
873
Milestone Asset Management Group
Connecticut
$1.44M +$74K +2,714 +5%
Natixis Advisors
874
Natixis Advisors
Massachusetts
$1.44M -$244K -8,928 -14%
MWM
875
Mission Wealth Management
California
$1.44M +$634K +23,225 +79%
33 34
35
36 37

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.