Schwab Short-Term US Treasury ETF
SCHO
684 hedge funds and large institutions have $8.01B invested in Schwab Short-Term US Treasury ETF in 2025 Q4 according to their latest regulatory filings, with 97 funds opening new positions, 312 increasing their positions, 204 reducing their positions, and 45 closing their positions.
116% more first-time investments, than exits
New positions opened: 97 | Existing positions closed: 45
58% more capital inflows, than outflows
Capital inflows: $567M | Capital outflows: $358M
53% more repeat investments, than reductions
Existing positions increased: 312 | Existing positions reduced: 204
13% more funds holding in top 10
Funds holding in top 10: 48 → 54 (+6)
6% more funds holding
Funds holding: 645 → 684 (+39)
2.08% less ownership
Funds ownership: 69.66% → 67.57% (-2.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$93.5M |
| 2 |
WJA
Willis Johnson & Associates
Houston,
Texas
|
+$33.1M |
| 3 |
JP Morgan Chase
New York
|
+$33.1M |
| 4 |
SEI Investments
Oaks,
Pennsylvania
|
+$24.5M |
| 5 |
Savant Capital
Rockford,
Illinois
|
+$17.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCA
Clearwater Capital Advisors
Hoffman Estates,
Illinois
|
-$49.6M |
| 2 |
Renaissance Technologies
New York
|
-$43.4M |
| 3 |
Morgan Stanley
New York
|
-$40.1M |
| 4 |
LPL Financial
San Diego,
California
|
-$36.5M |
| 5 |
WF
Williams Financial
North Bennington,
Vermont
|
-$23.1M |
SCHO Hedge Fund Activity: Q4 2025 in Review
684 of the 8,287 institutional investors tracked by Wall St. Rank reported a position in Schwab Short-Term US Treasury ETF (SCHO) for Q4 2025, worth a combined $8.01B — up 2.3% from $7.83B a quarter earlier.
Buyers outnumbered sellers: 97 funds opened new SCHO positions and 45 closed out — a net gain of 52 holders — while 312 added to existing stakes and 204 trimmed.
The largest buyer was Bank of America, adding an estimated $93.5M. The largest seller was Clearwater Capital Advisors, cutting an estimated $49.6M.
- 684 institutional investors held Schwab Short-Term US Treasury ETF (SCHO) as of Q4 2025, up from 645 in Q3 2025.
- Funds reported $8.01B of Schwab Short-Term US Treasury ETF stock for Q4 2025, up 2.3% quarter-over-quarter.
- 97 funds opened new Schwab Short-Term US Treasury ETF positions in Q4 2025 and 45 closed out, a net change of +52 holders.
- The largest Schwab Short-Term US Treasury ETF buyer in Q4 2025 was Bank of America, an estimated $93.5M added.
- The largest Schwab Short-Term US Treasury ETF seller in Q4 2025 was Clearwater Capital Advisors, an estimated $49.6M sold.
Based on aggregated 13F filings for Q4 2025.