Schwab U.S. Small-Cap ETF

SCHA • ARCA

Schwab U.S. Small-Cap ETF is an exchange-traded fund on ARCA. As of Q3 2025, 1,139 institutional investors hold shares in this ETF, with total holdings valued at $6.6B. Empower Advisory Group, LLC is the largest holder with a position valued at $954.3M.

Overview

Overview of institutional ownership in SCHA as of Q3 2025

All Institutions

Institutions: 1,139
Value Held: $6.6B
Shares Held: 236.6M
Avg Position: $5.8M
Median Position: $674.9K

Hedge Funds

Hedge Funds: 15
Value Held: $22.1M
Shares Held: 790.2K
Avg Position: $1.5M
Median Position: $594.6K

Biggest Investors

Institutions with the largest positions in SCHA as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
Empower Advisory Group, LLC RIA/Wealth	Jonathan David Kreider CEO	$954.3M 2.65% of portfolio	34.2M shares	Q1 2023 Held for 2y 9m	$36.1B
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$482.1M 0.04% of portfolio	17.3M shares	≤ Q2 2013 Held for 12y 6m+	$1.33T
S SEI INVESTMENTS CO Institution	-	$409.9M 0.44% of portfolio	14.7M shares	Q1 2017 Held for 8y 9m	$93.0B
N NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Institution	-	$146.2M 0.10% of portfolio	5.2M shares	Q3 2013 Held for 12y 3m	$149.83B
F Financial Engines Advisors L.L.C. Institution	-	$139.4M 0.27% of portfolio	5.0M shares	Q2 2017 Held for 8y 6m	$52.4B
Creative Planning RIA/Wealth	Peter Alex Mallouk CEO	$130.5M 0.10% of portfolio	4.7M shares	Q3 2013 Held for 12y 3m	$130.86B
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC RIA/Wealth	James Loren Cahn Chairman	$127.3M 0.19% of portfolio	4.5M shares	Q4 2014 Held for 11 years	$65.5B
UBS Group AG Institution	Sergio P. Ermotti CEO	$114.3M 0.02% of portfolio	4.1M shares	Q4 2014 Held for 11 years	$511.60B
Advisory Alpha, LLC RIA/Wealth	Steve Mark Osterink Managing Partner	$113.0M 3.15% of portfolio	4.0M shares	Q2 2016 Held for 9y 6m	$3.6B
HPM Partners LLC RIA/Wealth	Kurt Patrick Miscinski President	$105.4M 0.17% of portfolio	3.8M shares	Q3 2018 Held for 7y 3m	$61.7B

Net Capital Flow

Institutional buying and selling activity for SCHA in Q3 2025

Traded: +$104.1M
Buyers: 501
Sellers: 493
Total Bought: +$434.7M
Total Sold: −$330.6M
Avg Position: $5.6M

Biggest Buyers

Institution	Net Bought	Current Position
V VANTAGEPOINT INVESTMENT ADVISERS LLC Institution	+$58.4M +2.1M shares	$58.4M 2.1M shares
C CI Private Wealth, LLC RIA/Wealth	+$29.8M +1.1M shares	$38.1M 1.4M shares
NEW YORK LIFE INVESTMENT MANAGEMENT LLC Long Only Manager	+$22.7M +813.7K shares	$37.7M 1.4M shares
Kestra Advisory Services, LLC RIA/Wealth	+$22.1M +793.2K shares	$24.2M 869.0K shares
Empower Advisory Group, LLC RIA/Wealth	+$21.2M +761.5K shares	$954.3M 34.2M shares
WELLINGTON MANAGEMENT CO LLP Long Only Manager	+$18.0M +646.0K shares	$18.0M 646.0K shares
E EXCHANGE TRADED CONCEPTS, LLC Institution	+$18.0M +644.9K shares	$18.2M 650.9K shares
Waterford Advisors, LLC RIA/Wealth	+$18.0M +644.1K shares	$19.1M 684.9K shares
Modern Wealth Management, LLC RIA/Wealth	+$15.9M +569.1K shares	$15.9M 569.1K shares
Advisory Alpha, LLC RIA/Wealth	+$9.7M +346.8K shares	$113.0M 4.0M shares

Biggest Sellers

Institution	Net Sold	Current Position
BANK OF AMERICA CORP /DE/ Institution	−$48.5M −1.7M shares	$482.1M 17.3M shares
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	−$39.8M −1.4M shares	$43.3M 1.6M shares
S SEI INVESTMENTS CO Institution	−$22.1M −790.6K shares	$409.9M 14.7M shares
Kingstone Capital Partners Texas, LLC RIA/Wealth	−$16.5M −651.3K shares	Sold Off 0 shares
FIDELIS iM, LLC RIA/Wealth	−$16.0M −573.4K shares	$4.5M 161.5K shares
F Financial Engines Advisors L.L.C. Institution	−$13.6M −487.6K shares	$139.4M 5.0M shares
Toroso Investments, LLC ETF Provider	−$12.4M −489.3K shares	Sold Off 0 shares
SRS Capital Advisors, Inc. RIA/Wealth	−$9.0M −351.6K shares	Sold Off 0 shares
T Tower Research Capital LLC Institution	−$7.7M −277.0K shares	$8.4M 299.5K shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	−$7.1M −281.4K shares	Sold Off 0 shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited SCHA in Q3 2025

New Positions: 39
New Value: $109.9M
Exited Positions: 38
Exited Value: $67.5M

New Positions

Institution	Position Value
V VANTAGEPOINT INVESTMENT ADVISERS LLC Institution	$58.4M 2.1M shares
WELLINGTON MANAGEMENT CO LLP Long Only Manager	$18.0M 646.0K shares
Modern Wealth Management, LLC RIA/Wealth	$15.9M 569.1K shares
Integrity Advisory Solutions, LLC RIA/Wealth	$4.9M 175.1K shares
SYKON CAPITAL LLC RIA/Wealth	$2.9M 105.4K shares
Mid-American Wealth Advisory Group, Inc. RIA/Wealth	$2.0M 71.1K shares
WJ Financial Advisors LLC RIA/Wealth	$1.7M 59.3K shares
Sequent Planning LLC RIA/Wealth	$1.3M 45.9K shares
Eaton Financial Holdings Company, LLC RIA/Wealth	$552.5K 19.8K shares
Moran Wealth Management, LLC RIA/Wealth	$375.2K 13.4K shares

Exited Positions

Institution	Previous Position
Kingstone Capital Partners Texas, LLC RIA/Wealth	$16.5M 651.3K shares
Toroso Investments, LLC ETF Provider	$12.4M 489.3K shares
SRS Capital Advisors, Inc. RIA/Wealth	$9.0M 351.6K shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$7.1M 281.4K shares
Victrix Investment Advisors RIA/Wealth	$5.6M 220.3K shares
L Laurel Wealth Advisors LLC RIA/Wealth	$4.2M 165.0K shares
Jackson Creek Investment Advisors LLC Long Only Manager	$2.5M 97.8K shares
Ballast, Inc. RIA/Wealth	$2.2M 87.8K shares
Symphony Financial, Ltd. Co. RIA/Wealth	$2.0M 80.0K shares
Y Y-Intercept Ltd Institution	$1.3M 49.7K shares

Options Activity

Institutions with the largest Call and Put options positions in SCHA as of Q3 2025

Call Positions: 2
Call Value: $2.8M
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$2.0M 725.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$809.1K 290.0 contracts

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

Institutions with SCHA as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
SIMS INVESTMENT MANAGEMENT, LLC RIA/Wealth	Cory Kenneth Sims Managing Partner	18.76% $51.8M	1.9M shares	Q4 2024 Held for 1 year	$276.4M
White & Co Financial Planning Inc RIA/Wealth	James Eric Parker President	15.48% $20.6M	737.1K shares	Q4 2024 Held for 1 year	$132.8M
Strategic Financial Planning, Inc. RIA/Wealth	Bryan Keith Lee President	11.99% $20.7M	741.7K shares	Q4 2019 Held for 6 years	$172.6M
Z ZynergyRetirementPlanningLLC Institution	-	10.06% $16.0M	571.9K shares	Q2 2024 Held for 1y 6m	$158.6M
Golden Reserve Retirement LLC RIA/Wealth	Justin Joseph Spring Partner	9.68% $37.3M	1.3M shares	Q1 2025 Held for 9 months	$385.0M
Mokosak Advisory Group, LLC RIA/Wealth	Ryan Matthew Page President	8.67% $33.1M	1.2M shares	Q4 2017 Held for 8 years	$382.3M
ForthRight Wealth Management, LLC RIA/Wealth	Brian Patrick Johnston CIO	7.63% $26.3M	941.5K shares	Q4 2021 Held for 4 years	$344.2M
Joule Financial, LLC RIA/Wealth	Robert Bredt Norwood President	6.92% $23.1M	827.4K shares	Q2 2022 Held for 3y 6m	$333.8M
Ascension Capital Advisors, Inc. RIA/Wealth	Paul Bundy Thompson CCO	6.70% $17.2M	617.4K shares	Q4 2019 Held for 6 years	$256.9M
Waterford Advisors, LLC RIA/Wealth	Christina Marie Michalczak CCO	6.61% $19.1M	684.9K shares	Q4 2022 Held for 3 years	$289.2M

Hedge Fund Spotlight

Discover hedge funds investing in SCHA

CacheTech Inc.

Hedge Fund • Multi-Strategy

Portfolio ManagerPatrick Cormac Murphy

Portfolio Value: $468.6M
Positions: 193
Last Reported: Q3 2025

Sector Allocation

Position in Schwab U.S. Small-Cap ETF

Market Value: $599.8K
Shares Held: 21.5K
Portfolio Weight: 0.13%
Owned Since: 2024-Q2

Top Holding	Sector	Market Value	Weight
1 SCHX Schwab U.S. Large-Cap ETF SCHX	ETF ETF	$59.7M	12.74%
2 Janus Henderson B-BBB CLO JBBB	ETF ETF	$32.7M	6.97%
3 iShares Core S&P 500 ETF IVV	ETF ETF	$28.7M	6.12%

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