Schwab Mortgage-Backed Securities ETF
SMBS
70 hedge funds and large institutions have $5.75B invested in Schwab Mortgage-Backed Securities ETF in 2025 Q4 according to their latest regulatory filings, with 32 funds opening new positions, 23 increasing their positions, 9 reducing their positions, and 15 closing their positions.
156% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 9
113% more first-time investments, than exits
New positions opened: 32 | Existing positions closed: 15
30% more funds holding
Funds holding: 54 → 70 (+16)
5% more capital invested
Capital invested by funds: $5.46B → $5.75B (+$294M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
1.17% less ownership
Funds ownership: 99.45% → 98.28% (-1.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Charles Schwab
San Francisco,
California
|
+$298M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.89M |
| 3 |
Jane Street
New York
|
+$841K |
| 4 |
HCWM
Hidden Cove Wealth Management
Bainbridge Island,
Washington
|
+$373K |
| 5 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$327K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$886K |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$416K |
| 3 |
OGF
Orin Green Financial
San Diego,
California
|
-$292K |
| 4 |
EWM
Empirical Wealth Management
Seattle,
Washington
|
-$261K |
| 5 |
JWBC
John W. Brooker & Co
Oakland,
California
|
-$225K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ACA
76
Aptus Capital Advisors
Fairhope,
Alabama
| – | -$26.7K | -1,040 | Closed |
|
|
SGK
77
Steigerwald Gordon & Koch
Leesburg,
Virginia
| – | -$23.8K | -926 | Closed |
|
|
CFB
78
Cullen/Frost Bankers
San Antonio,
Texas
| – | -$23.3K | -905 | Closed |
|
|
BCWM
79
Bartlett & Co Wealth Management
Cincinnati,
Ohio
| – | -$8.59K | -334 | Closed |
|
80
CIBC Private Wealth Group
Atlanta,
Georgia
| – | -$6.68K | -260 | Closed |
|
81
UBS Group
Zurich,
Switzerland
| – | -$5.63K | -219 | Closed |
|
|
WANY
82
Wealthspire Advisors (New York)
New York
| – | -$5.58K | -217 | Closed |
|
|
HWP
83
Highline Wealth Partners
Sherman Oaks,
California
| – | -$2.21K | -86 | Closed |
|
|
AF
84
Advisornet Financial
Minnetonka,
Minnesota
| – | -$900 | -35 | Closed |
|
|
CFS
85
Compass Financial Services
West Des Moines,
Iowa
| – | -$617 | -24 | Closed |
|
SMBS Hedge Fund Activity: Q4 2025 in Review
70 of the 8,224 institutional investors tracked by Wall St. Rank reported a position in Schwab Mortgage-Backed Securities ETF (SMBS) for Q4 2025, worth a combined $5.75B — up 5.4% from $5.46B a quarter earlier.
Buyers outnumbered sellers: 32 funds opened new SMBS positions and 15 closed out — a net gain of 17 holders — while 23 added to existing stakes and 9 trimmed.
The largest buyer was Charles Schwab, adding an estimated $298M. The largest seller was Goldman Sachs, exiting entirely with an estimated $886K sold.
- 70 institutional investors held Schwab Mortgage-Backed Securities ETF (SMBS) as of Q4 2025, up from 54 in Q3 2025.
- Funds reported $5.75B of Schwab Mortgage-Backed Securities ETF stock for Q4 2025, up 5.4% quarter-over-quarter.
- 32 funds opened new Schwab Mortgage-Backed Securities ETF positions in Q4 2025 and 15 closed out, a net change of +17 holders.
- The largest Schwab Mortgage-Backed Securities ETF buyer in Q4 2025 was Charles Schwab, an estimated $298M added.
- The largest Schwab Mortgage-Backed Securities ETF seller in Q4 2025 was Goldman Sachs, an estimated $886K sold.
Based on aggregated 13F filings for Q4 2025.