Schwab U.S. Broad Market

SCHB • ARCA

Schwab U.S. Broad Market is an exchange-traded fund on ARCA. As of Q3 2025, 1,182 institutional investors hold shares in this ETF, with total holdings valued at $12.0B. Wealthfront Advisers LLC is the largest holder with a position valued at $1.4B.

Overview

Overview of institutional ownership in SCHB as of Q3 2025

All Institutions

Institutions: 1,182
Value Held: $12.0B
Shares Held: 466.3M
Avg Position: $10.1M
Median Position: $1.0M

Hedge Funds

Hedge Funds: 15
Value Held: $157.4M
Shares Held: 6.1M
Avg Position: $10.5M
Median Position: $771.3K

Biggest Investors

Institutions with the largest positions in SCHB as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
Wealthfront Advisers LLC RIA/Wealth	Andrew Samuel Rachleff CEO	$1.4B 3.33% of portfolio	55.1M shares	Q4 2018 Held for 7 years	$42.6B
Betterment LLC RIA/Wealth	Sarah Kirshbaum Levy CEO	$424.3M 0.90% of portfolio	16.5M shares	Q4 2014 Held for 11 years	$47.3B
REBALANCE, LLC RIA/Wealth	Joshua David Ayers Managing Partner	$372.3M 22.46% of portfolio	14.5M shares	Q4 2022 Held for 3 years	$1.7B
SCS Capital Management LLC RIA/Wealth	Antony James Abbiati CEO	$313.7M 3.42% of portfolio	12.2M shares	Q1 2020 Held for 5y 9m	$9.2B
Strid Group, LLC RIA/Wealth	Paul Flick Strid Managing Partner	$224.1M 28.48% of portfolio	8.7M shares	Q2 2017 Held for 8y 6m	$787.0M
Evensky & Katz LLC RIA/Wealth	Lane Mcmaster Jones CIO	$218.4M 13.39% of portfolio	8.5M shares	≤ Q2 2013 Held for 12y 6m+	$1.6B
HENGEHOLD CAPITAL MANAGEMENT LLC RIA/Wealth	Jake Elliott Butcher President	$217.4M 18.56% of portfolio	8.5M shares	Q4 2013 Held for 12 years	$1.2B
Bouchey Financial Group Ltd RIA/Wealth	Steven Bernard Bouchey President	$213.9M 16.48% of portfolio	8.3M shares	Q4 2013 Held for 12 years	$1.3B
HighTower Advisors, LLC RIA/Wealth	Robert David Oros CEO	$199.9M 0.23% of portfolio	7.8M shares	Q2 2015 Held for 10y 6m	$87.7B
H HB Wealth Management, LLC Institution	-	$172.1M 1.17% of portfolio	6.7M shares	Q4 2021 Held for 4 years	$14.7B

Net Capital Flow

Institutional buying and selling activity for SCHB in Q3 2025

Traded: −$63.7M
Buyers: 548
Sellers: 490
Total Bought: +$517.4M
Total Sold: −$581.1M
Avg Position: $9.8M

Biggest Buyers

Institution	Net Bought	Current Position
SRS Capital Advisors, Inc. RIA/Wealth	+$106.0M +3.9M shares	$110.7M 4.1M shares
Weaver Capital Management LLC RIA/Wealth	+$35.3M +1.4M shares	$35.3M 1.4M shares
REBALANCE, LLC RIA/Wealth	+$34.0M +1.3M shares	$372.3M 14.5M shares
Modern Wealth Management, LLC RIA/Wealth	+$31.6M +1.2M shares	$39.1M 1.5M shares
Gallagher Fiduciary Advisors, LLC Pension/Endowment	+$26.6M +-63.7M shares	$26.6M 1.0M shares
J JANE STREET GROUP, LLC Institution	+$18.7M +725.4K shares	$23.1M 900.0K shares
Savant Capital, LLC RIA/Wealth	+$15.3M +594.7K shares	$75.0M 2.9M shares
Quantinno Capital Management LP Hedge Fund•Market Neutral	+$11.1M +432.5K shares	$42.9M 1.7M shares
Walker Financial Services, Inc. RIA/Wealth	+$11.0M +427.5K shares	$11.0M 427.5K shares
Beacon Pointe Advisors, LLC RIA/Wealth	+$10.7M +415.2K shares	$15.7M 611.3K shares

Biggest Sellers

Institution	Net Sold	Current Position
Kingstone Capital Partners Texas, LLC RIA/Wealth	−$161.6M −6.8M shares	Sold Off 0 shares
N NATIONAL BANK OF CANADA /FI/ Institution	−$96.5M −4.1M shares	Sold Off 0 shares
Kestra Advisory Services, LLC RIA/Wealth	−$49.8M −1.9M shares	$9.1M 353.3K shares
Wealthfront Advisers LLC RIA/Wealth	−$32.5M −1.3M shares	$1.4B 55.1M shares
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	−$23.2M −901.2K shares	$22.3M 868.1K shares
Siligmueller & Norvid Wealth Advisors LLC RIA/Wealth	−$20.9M −866.0K shares	Sold Off 0 shares
Compass Advisory Group LLC RIA/Wealth	−$12.8M −498.1K shares	$49.8M 1.9M shares
Betterment LLC RIA/Wealth	−$8.3M −323.3K shares	$424.3M 16.5M shares
Ballast, Inc. RIA/Wealth	−$7.8M −327.4K shares	Sold Off 0 shares
Retirement Planning Group RIA/Wealth	−$7.7M −300.2K shares	$31.8M 1.2M shares

Entry and Exit Activity

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

New Positions: 40
New Value: $11.3M
Exited Positions: 48
Exited Value: $305.7M

New Positions

Institution	Position Value
W Warm Springs Advisors Inc. RIA/Wealth	$1.3M 52.2K shares
Eaton Financial Holdings Company, LLC RIA/Wealth	$1.1M 41.6K shares
A Altus Wealth Group LLC RIA/Wealth	$1.1M 40.8K shares
PETERSEN FLYNN & DINSMORE INC RIA/Wealth	$1.0M 40.7K shares
I ISTHMUS PARTNERS, LLC RIA/Wealth	$517.0K 20.1K shares
Werba Rubin Papier Wealth Management RIA/Wealth	$470.5K 18.3K shares
N Neuberger Berman Group LLC Institution	$412.5K 16.0K shares
Northstar Financial Companies, Inc. RIA/Wealth	$364.2K 14.2K shares
D DAYMARK WEALTH PARTNERS, LLC RIA/Wealth	$360.6K 14.0K shares
A ADE, LLC Institution	$335.0K 13.0K shares

Exited Positions

Institution	Previous Position
Kingstone Capital Partners Texas, LLC RIA/Wealth	$161.6M 6.8M shares
N NATIONAL BANK OF CANADA /FI/ Institution	$96.5M 4.1M shares
Siligmueller & Norvid Wealth Advisors LLC RIA/Wealth	$20.9M 866.0K shares
Ballast, Inc. RIA/Wealth	$7.8M 327.4K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$4.3M 181.0K shares
NWF Advisory Services Inc. RIA/Wealth	$2.0M 84.7K shares
L Laurel Wealth Advisors LLC RIA/Wealth	$1.9M 80.1K shares
Tactive Advisors, LLC RIA/Wealth	$1.8M 77.6K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$1.5M 61.4K shares
HARRELL INVESTMENT PARTNERS, LLC RIA/Wealth	$689.6K 28.9K shares

Options Activity

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

Call Positions: 3
Call Value: $7.4M
Put Positions: 1
Put Value: $275.1K

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$4.7M 1.8K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$1.8M 719.0 contracts
J JANE STREET GROUP, LLC Institution	$861.3K 335.0 contracts

Put Positions

Institution	Position Value
L LPL Financial LLC Institution	$275.1K 107.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
HT Partners LLC RIA/Wealth	Christopher J. Koehm Managing Partner	47.85% $156.5M	6.1M shares	≤ Q2 2013 Held for 12y 6m+	$327.1M
Strid Group, LLC RIA/Wealth	Paul Flick Strid Managing Partner	28.48% $224.1M	8.7M shares	Q2 2017 Held for 8y 6m	$787.0M
MYECFO, LLC RIA/Wealth	Michael Robert Munson CIO	28.28% $62.2M	2.4M shares	Q4 2022 Held for 3 years	$219.8M
Morton Brown Family Wealth, LLC RIA/Wealth	Kathryn Marie Brown Managing Partner	28.25% $98.4M	3.8M shares	Q4 2021 Held for 4 years	$348.5M
TruNorth Capital Management, LLC RIA/Wealth	James Patrick Dowd President	25.79% $130.4M	5.1M shares	Q1 2024 Held for 1y 9m	$505.5M
REBALANCE, LLC RIA/Wealth	Joshua David Ayers Managing Partner	22.46% $372.3M	14.5M shares	Q4 2022 Held for 3 years	$1.7B
Hanson & Doremus Investment Management RIA/Wealth	Julie Anne Won President	22.23% $167.5M	6.5M shares	≤ Q2 2013 Held for 12y 6m+	$753.3M
Phil A. Younker & Associates, Ltd. RIA/Wealth	Jr. Phil Younker Owner	21.09% $27.5M	1.1M shares	Q4 2024 Held for 1 year	$130.6M
Schaeffer Financial LLC RIA/Wealth	Karen Patricia Schaeffer Managing Partner	20.47% $22.6M	878.3K shares	Q4 2023 Held for 2 years	$110.3M
Heritage Wealth Architects, Inc. RIA/Wealth	Stephen Jeffrey Coplon President	19.55% $31.5M	1.2M shares	Q1 2025 Held for 9 months	$161.2M

Hedge Fund Spotlight

Discover hedge funds investing in SCHB

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. Broad Market

Market Value: $2.3M
Shares Held: 88.2K
Portfolio Weight: 0.48%
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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