Schwab US Dividend Equity ETF
SCHD
1,951 hedge funds and large institutions have $22B invested in Schwab US Dividend Equity ETF in 2025 Q4 according to their latest regulatory filings, with 275 funds opening new positions, 740 increasing their positions, 760 reducing their positions, and 101 closing their positions.
172% more first-time investments, than exits
New positions opened: 275 | Existing positions closed: 101
8% more funds holding
Funds holding: 1,808 → 1,951 (+143)
2% more funds holding in top 10
Funds holding in top 10: 208 → 212 (+4)
0.32% less ownership
Funds ownership: 31.1% → 30.78% (-0.32%)
1% less capital invested
Capital invested by funds: $22.2B → $22B (-$212M)
3% less repeat investments, than reductions
Existing positions increased: 740 | Existing positions reduced: 760
16% less call options, than puts
Call options by funds: $101M | Put options by funds: $121M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$560M |
| 2 |
CCWM
Cassaday & Co Wealth Management
Mclean,
Virginia
|
+$86.2M |
| 3 |
CIBC World Market
Toronto,
Ontario, Canada
|
+$46.1M |
| 4 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
+$42.1M |
| 5 |
D.E. Shaw & Co
New York
|
+$36M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WANY
Wealthspire Advisors (New York)
New York
|
-$401M |
| 2 |
LPL Financial
San Diego,
California
|
-$113M |
| 3 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
-$106M |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
-$72.3M |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$52M |
SCHD Hedge Fund Activity: Q4 2025 in Review
1,951 of the 8,284 institutional investors tracked by Wall St. Rank reported a position in Schwab US Dividend Equity ETF (SCHD) for Q4 2025, worth a combined $22B — down 0.95% from $22.2B a quarter earlier.
Buyers outnumbered sellers: 275 funds opened new SCHD positions and 101 closed out — a net gain of 174 holders — while 740 added to existing stakes and 760 trimmed.
The largest buyer was Bank of America, adding an estimated $560M. The largest seller was Wealthspire Advisors (New York), cutting an estimated $401M.
- 1,951 institutional investors held Schwab US Dividend Equity ETF (SCHD) as of Q4 2025, up from 1,808 in Q3 2025.
- Funds reported $22B of Schwab US Dividend Equity ETF stock for Q4 2025, down 0.95% quarter-over-quarter.
- 275 funds opened new Schwab US Dividend Equity ETF positions in Q4 2025 and 101 closed out, a net change of +174 holders.
- The largest Schwab US Dividend Equity ETF buyer in Q4 2025 was Bank of America, an estimated $560M added.
- The largest Schwab US Dividend Equity ETF seller in Q4 2025 was Wealthspire Advisors (New York), an estimated $401M sold.
Based on aggregated 13F filings for Q4 2025.