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Schwab Short-Term US Treasury ETF
SCHO

643 hedge funds and large institutions have $7.83B invested in Schwab Short-Term US Treasury ETF in 2025 Q3 according to their latest regulatory filings, with 56 funds opening new positions, 285 increasing their positions, 235 reducing their positions, and 57 closing their positions.

New
Increased
Maintained
Reduced
Closed

21% more repeat investments, than reductions

Existing positions increased: 285 | Existing positions reduced: 235

2% more capital invested

Capital invested by funds: $7.7B → $7.83B (+$129M)

0.23% less ownership

Funds ownership: 69.88% → 69.65% (-0.23%)

2% less first-time investments, than exits

New positions opened: 56 | Existing positions closed: 57

2% less funds holding

Funds holding: 654 → 643 (-11)

8% less funds holding in top 10

Funds holding in top 10: 52 → 48 (-4)

Holders
643
Holders Change
-11
Holders Change %
-1.68%
% of All Funds
8.44%
Holding in Top 10
48
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-7.69%
% of All Funds
0.63%
New
56
Increased
285
Reduced
235
Closed
57
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Bank of America
Bank of America
North Carolina
+$233M
2
Wealth Enhancement Advisory Services
Wealth Enhancement Advisory Services
Minnesota
+$31.5M
3
AFS
Access Financial Services
Minnesota
+$17.3M
4
SEI Investments
SEI Investments
Pennsylvania
+$13.9M
5
MFG
Merit Financial Group
Georgia
+$11.4M

Top Sellers

1
Ameriprise
Ameriprise
Minnesota
-$89.4M
2
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$31.1M
3
LPL Financial
LPL Financial
California
-$25.9M
4
AssetMark Inc
AssetMark Inc
California
-$19.3M
5
BOPW
Brandywine Oak Private Wealth
Pennsylvania
-$15.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of America
1
Bank of America
North Carolina
$2.9B +$233M +9,578,278 +9%
JP Morgan Chase
2
JP Morgan Chase
New York
$482M -$12.2M -500,886 -2%
Ameriprise
3
Ameriprise
Minnesota
$474M -$89.4M -3,676,068 -16%
SEI Investments
4
SEI Investments
Pennsylvania
$429M +$13.9M +570,536 +3%
Envestnet Asset Management
5
Envestnet Asset Management
Illinois
$165M -$31.1M -1,278,672 -16%
Stifel Financial
6
Stifel Financial
Missouri
$160M +$10.8M +443,030 +7%
Wealthfront Advisers
7
Wealthfront Advisers
California
$92.4M +$4.94M +202,970 +6%
PNC Financial Services Group
8
PNC Financial Services Group
Pennsylvania
$91.8M -$1.36M -56,021 -1%
MFT
9
Moisand Fitzgerald Tamayo
Florida
$84M +$4.77M +195,869 +6%
LPL Financial
10
LPL Financial
California
$78.7M -$25.9M -1,065,544 -25%
Morgan Stanley
11
Morgan Stanley
New York
$77.5M -$2.2M -90,405 -3%
State Street
12
State Street
Massachusetts
$75.6M – – –
Cerity Partners
13
Cerity Partners
New York
$67.5M -$12.2M -500,148 -15%
Wealth Enhancement Advisory Services
14
Wealth Enhancement Advisory Services
Minnesota
$66.9M +$31.5M +1,292,926 +89%
MA
15
MCF Advisors
Kentucky
$63.5M +$4.27M +175,585 +7%
CCA
16
Clearwater Capital Advisors
Illinois
$63.1M +$3.01M +123,820 +5%
BSB
17
Bangor Savings Bank
Maine
$54.5M +$2.65M +109,050 +5%
SGAM
18
Stephens Group Asset Management
Arkansas
$50.8M +$4.99M +205,178 +11%
Wells Fargo
19
Wells Fargo
California
$48.7M +$1.31M +53,733 +3%
LA
20
LVW Advisors
New York
$48.4M +$3.59M +147,402 +8%
FFG
21
Fiduciary Financial Group
California
$46.7M +$3.41M +140,078 +8%
TCM
22
TruNorth Capital Management
Michigan
$44.5M +$2.05M +84,303 +5%
Renaissance Technologies
23
Renaissance Technologies
New York
$44.4M -$14.9M -611,245 -25%
MIM
24
Morningstar Investment Management
Illinois
$42.1M +$1.09M +44,934 +3%
DC
25
Davenport & Co
Virginia
$39.9M +$3.13M +128,637 +9%
1
2 3 4 5

SCHO Hedge Fund Activity: Q3 2025 in Review

643 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Schwab Short-Term US Treasury ETF (SCHO) for Q3 2025, worth a combined $7.83B — up 1.7% from $7.7B a quarter earlier.

Sellers outnumbered buyers: 57 funds closed out of SCHO and 56 opened new positions — a net loss of 1 holder — while 235 trimmed existing stakes and 285 added.

The largest buyer was Bank of America, adding an estimated $233M. The largest seller was Ameriprise, cutting an estimated $89.4M.

  • 643 institutional investors held Schwab Short-Term US Treasury ETF (SCHO) as of Q3 2025, down from 654 in Q2 2025.
  • Funds reported $7.83B of Schwab Short-Term US Treasury ETF stock for Q3 2025, up 1.7% quarter-over-quarter.
  • 56 funds opened new Schwab Short-Term US Treasury ETF positions in Q3 2025 and 57 closed out, a net change of -1 holder.
  • The largest Schwab Short-Term US Treasury ETF buyer in Q3 2025 was Bank of America, an estimated $233M added.
  • The largest Schwab Short-Term US Treasury ETF seller in Q3 2025 was Ameriprise, an estimated $89.4M sold.

Based on aggregated 13F filings for Q3 2025.