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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
BONH
1051
Bank of New Hampshire
New Hampshire
$825K -$28.6K -1,050 -3%
SA
1052
Sunesis Advisors
Kansas
$819K +$819K +30,009 New
LWL
1053
Leo Wealth LLC
Texas
$819K -$21.8M -799,112 -96%
BC
1054
Barnett & Company
Tennessee
$817K -$27.2K -998 -3%
OC
1055
Oarsman Capital
Wisconsin
$816K -$4.61K -169 -0.6%
BFA
1056
Blueprint Financial Advisors
North Carolina
$812K +$811K +29,739 New
BFA
1057
Beacon Financial Advisory
Ohio
$808K +$52.1K +1,909 +7%
CWM
1058
Connecticut Wealth Management
Connecticut
$808K – – –
SFG
1059
Sage Financial Group
Pennsylvania
$807K +$50.1K +1,836 +7%
IF
1060
Ironwood Financial
Arizona
$803K +$243K +8,904 +43%
TC
1061
TFR Capital
Texas
$801K -$1.15K -42 -0.1%
C
1062
Certuity
Florida
$799K +$13.8K +505 +2%
SW
1063
SteelPeak Wealth
California
$795K +$794K +29,107 New
National Bank of Canada
1064
National Bank of Canada
Quebec, Canada
$794K -$564K -20,656 -42%
AA
1065
Ancora Advisors
Ohio
$790K -$43.4K -1,590 -5%
CWM
1066
CCG Wealth Management
California
$782K – – –
B
1067
Bailard
California
$779K – – –
FSA
1068
Fort Sheridan Advisors
Illinois
$778K +$80.5K +2,949 +12%
MBI
1069
May Barnhard Investments
Maryland
$777K +$9.19K +337 +1%
VCAM
1070
Van Cleef Asset Management
Ohio
$776K +$82 +3 +0%
BCWM
1071
Bartlett & Co Wealth Management
Ohio
$776K -$16.6K -610 -2%
WMWM
1072
Wilkins Miller Wealth Management
Alabama
$776K -$4.58K -168 -0.6%
SP
1073
Stonebrook Private
Michigan
$776K +$2.46K +90 +0.3%
OFG
1074
Orcam Financial Group
California
$774K -$2.62K -96 -0.3%
DWP
1075
Daymark Wealth Partners
Ohio
$774K +$337K +12,369 +77%
41 42
43
44 45

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.