Schwab US Dividend Equity
SCHD • ARCA
Schwab US Dividend Equity is an exchange-traded fund on ARCA. As of Q3 2025, 1,757 institutional investors hold shares in this ETF, with total holdings valued at $22.1B. Rakuten Investment Management, Inc. is the largest holder with a position valued at $1.1B.
Overview
Overview of institutional ownership in SCHD as of Q3 2025
All Institutions
- Institutions
- 1,757
- Value Held
- $22.1B
- Shares Held
- 809.6M
- Avg Position
- $12.6M
- Median Position
- $1.4M
Hedge Funds
- Hedge Funds
- 22
- Value Held
- $73.0M
- Shares Held
- 2.7M
- Avg Position
- $3.3M
- Median Position
- $1.9M
Biggest Investors
Institutions with the largest positions in SCHD as of Q3 2025
| Institution | Position Value |
|---|---|
R Rakuten Investment Management, Inc. Institution | $1.1B 4.09% of portfolio |
L LPL Financial LLC Institution | $990.8M 0.29% of portfolio |
 Cetera Investment Advisers RIA/Wealth | $955.9M 1.12% of portfolio |
S SUMITOMO LIFE INSURANCE CO Institution | $847.7M 26.32% of portfolio |
 Sontag Advisory, LLC RIA/Wealth | $772.1M 4.04% of portfolio |
 MORGAN STANLEY RIA/Wealth | $743.3M 0.05% of portfolio |
 BANK OF AMERICA CORP /DE/ Institution | $719.4M 0.05% of portfolio |
 ENVESTNET ASSET MANAGEMENT INC Long Only Manager | $492.1M 0.14% of portfolio |
 RAYMOND JAMES FINANCIAL INC RIA/Wealth | $448.3M 0.14% of portfolio |
N NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Institution | $424.6M 0.28% of portfolio |
Net Capital Flow
Institutional buying and selling activity for SCHD in Q3 2025
- Traded
- −$112.6M
- Buyers
- 879
- Sellers
- 795
- Total Bought
- +$2.6B
- Total Sold
- −$2.7B
- Avg Position
- $12.0M
Biggest Buyers
| Institution | Net Bought |
|---|---|
S SUMITOMO LIFE INSURANCE CO Institution | +$847.7M +31.1M shares |
Cetera Investment Advisers RIA/Wealth | +$762.0M +27.9M shares |
R Rakuten Investment Management, Inc. Institution | +$232.0M +8.6M shares |
C CIBC World Markets Inc. Institution | +$103.1M +3.8M shares |
 Lido Advisors, LLC RIA/Wealth | +$32.3M +1.2M shares |
 HPM Partners LLC RIA/Wealth | +$27.4M +1.0M shares |
 Kestra Advisory Services, LLC RIA/Wealth | +$21.0M +770.2K shares |
 PFG Advisors RIA/Wealth | +$20.7M +756.6K shares |
 Marshall Wace LLP Institution | +$17.9M +655.8K shares |
A Advisor Group Holdings, Inc. Institution | +$16.4M +593.3K shares |
Biggest Sellers
| Institution | Net Sold |
|---|---|
 Kingstone Capital Partners Texas, LLC RIA/Wealth | −$1.0B −38.9M shares |
 AMERIPRISE FINANCIAL INC Institution | −$149.9M −5.5M shares |
L LPL Financial LLC Institution | −$79.8M −2.9M shares |
 TrueNorth, Inc. RIA/Wealth | −$62.4M −2.3M shares |
 Cresset Asset Management, LLC RIA/Wealth | −$61.9M −2.3M shares |
BANK OF AMERICA CORP /DE/ Institution | −$60.3M −2.2M shares |
N NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Institution | −$43.0M −1.6M shares |
C Charles Schwab Trust Bank Institution | −$42.7M −1.6M shares |
R ROYAL BANK OF CANADA Institution | −$38.3M −1.4M shares |
ENVESTNET ASSET MANAGEMENT INC Long Only Manager | −$32.5M −1.2M shares |
Entry and Exit Activity
Institutions that initiated new positions or completely exited SCHD in Q3 2025
- New Positions
- 64
- New Value
- $48.2M
- Exited Positions
- 85
- Exited Value
- $1.2B
New Positions
| Institution | Position Value |
|---|---|
R RETIREMENT FINANCIAL SOLUTIONS, LLC RIA/Wealth | $8.6M 316.8K shares |
 Uniting Wealth Partners, LLC RIA/Wealth | $5.8M 213.9K shares |
C Cubist Systematic Strategies, LLC Institution | $4.6M 170.3K shares |
E Equity Wealth Partners, LLC RIA/Wealth | $4.6M 170.0K shares |
 Portus Wealth Advisors, LLC RIA/Wealth | $3.4M 122.8K shares |
 Fiscal Wisdom Wealth Management, LLC RIA/Wealth | $2.3M 86.3K shares |
 MFG WEALTH MANAGEMENT, INC. RIA/Wealth | $2.0M 72.8K shares |
 Mount Yale Investment Advisors, LLC RIA/Wealth | $1.4M 52.5K shares |
 CPA Asset Management LLC RIA/Wealth | $948.3K 34.7K shares |
 Tandem Financial, LLC RIA/Wealth | $912.8K 33.4K shares |
Exited Positions
| Institution | Previous Position |
|---|---|
Kingstone Capital Partners Texas, LLC RIA/Wealth | $1.0B 38.9M shares |
 SUMMIT WEALTH GROUP LLC / CO RIA/Wealth | $22.1M 835.0K shares |
 FAYEZ SAROFIM & CO Long Only Manager | $21.7M 820.0K shares |
 Towneley Capital Management, Inc / DE RIA/Wealth | $17.9M 676.7K shares |
 Tradewinds, LLC. RIA/Wealth | $9.3M 352.3K shares |
L Lion Street Advisors, LLC RIA/Wealth | $7.1M 267.8K shares |
 Custos Family Office, LLC Family Office | $7.0M 265.6K shares |
 SRS Capital Advisors, Inc. RIA/Wealth | $5.3M 198.1K shares |
C CLARK FINANCIAL SERVICES GROUP INC /BD RIA/Wealth | $3.5M 131.7K shares |
 WINNOW WEALTH LLC RIA/Wealth | $2.9M 108.1K shares |
Options Activity
Institutions with the largest Call and Put options positions in SCHD as of Q3 2025
- Call Positions
- 11
- Call Value
- $134.1M
- Put Positions
- 8
- Put Value
- $69.9M
Call Positions
| Institution | Position Value |
|---|---|
 SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity | $43.5M 15.9K contracts |
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage | $30.5M 11.2K contracts |
W WOLVERINE TRADING, LLC Institution | $18.8M 6.9K contracts |
 CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro | $14.7M 5.4K contracts |
 CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy | $8.6M 3.2K contracts |
C Cubist Systematic Strategies, LLC Institution | $7.5M 2.8K contracts |
J JANE STREET GROUP, LLC Institution | $7.1M 2.6K contracts |
S Squarepoint Ops LLC Hedge Fund•Quant | $3.4M 1.3K contracts |
 Destination Wealth Management RIA/Wealth | $2.1K 20.0 contracts |
 Wealth Watch Advisors, INC RIA/Wealth | $35.0 30.0 contracts |
Put Positions
| Institution | Position Value |
|---|---|
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity | $33.0M 12.1K contracts |
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy | $13.1M 4.8K contracts |
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro | $7.9M 2.9K contracts |
C Cubist Systematic Strategies, LLC Institution | $6.7M 2.5K contracts |
W WOLVERINE TRADING, LLC Institution | $4.1M 1.5K contracts |
J JANE STREET GROUP, LLC Institution | $2.8M 1.0K contracts |
S Squarepoint Ops LLC Hedge Fund•Quant | $2.2M 811.0 contracts |
C CIBC World Markets Inc. Institution | - - contracts |
Most Committed Institutions
Institutions with SCHD as the highest % of their portfolio as of Q3 2025
| Institution | Portfolio Weight |
|---|---|
C Charles Schwab Trust Bank Institution | 100.00% $55.1M |
 Keystone Financial Planning, Inc. RIA/Wealth | 48.80% $167.9M |
 Sarver Vrooman Wealth Advisors RIA/Wealth | 28.85% $44.9M |
S SUMITOMO LIFE INSURANCE CO Institution | 26.32% $847.7M |
 PLANNING DIRECTIONS INC RIA/Wealth | 19.40% $37.2M |
 BURKETT FINANCIAL SERVICES, LLC RIA/Wealth | 16.95% $45.6M |
16.84% $20.7M | |
 HHM Wealth Advisors, LLC RIA/Wealth | 16.14% $138.9M |
 Reliant Wealth Planning RIA/Wealth | 16.04% $45.4M |
 eCIO, Inc. RIA/Wealth | 15.63% $26.7M |
Hedge Fund Spotlight
Discover hedge funds investing in SCHD
Diametric Capital, LP
Hedge Fund • Long/Short
Portfolio ManagerDavid Richard Salvietti
- Portfolio Value
- $264.8M
- Positions
- 367
- Last Reported
- Q3 2025
Sector Allocation
Position in Schwab US Dividend Equity
- Market Value
- $1.8M
- Shares Held
- 65.7K
- Portfolio Weight
- 0.68%
- Owned Since
- 2025-Q2
| Top Holding | Sector | Market Value | Weight |
|---|---|---|---|
Unknown Unknown | $13.0M | 4.90% | |
Unknown Unknown | $9.5M | 3.60% | |
ETF ETF | $8.8M | 3.31% |
