Schwab U.S. Mid-Cap ETF

SCHM • ARCA

Schwab U.S. Mid-Cap ETF is an exchange-traded fund on ARCA. As of Q3 2025, 916 institutional investors hold shares in this ETF, with total holdings valued at $8.1B. Financial Engines Advisors L.L.C. is the largest holder with a position valued at $1.7B.

Overview

Overview of institutional ownership in SCHM as of Q3 2025

All Institutions

Institutions: 916
Value Held: $8.1B
Shares Held: 272.3M
Avg Position: $8.8M
Median Position: $972.4K

Hedge Funds

Hedge Funds: 9
Value Held: $35.2M
Shares Held: 1.2M
Avg Position: $3.9M
Median Position: $586.3K

Biggest Investors

Institutions with the largest positions in SCHM as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
F Financial Engines Advisors L.L.C. Institution	-	$1.7B 3.33% of portfolio	58.8M shares	Q2 2017 Held for 8y 5m	$52.4B
Creative Planning RIA/Wealth	Peter Alex Mallouk CEO	$875.2M 0.67% of portfolio	29.5M shares	≤ Q2 2013 Held for 12y 5m+	$130.86B
HighTower Advisors, LLC RIA/Wealth	Robert David Oros CEO	$319.6M 0.36% of portfolio	10.8M shares	Q4 2015 Held for 9y 11m	$87.7B
N NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Institution	-	$310.4M 0.21% of portfolio	10.5M shares	Q1 2015 Held for 10y 8m	$149.83B
MONETA GROUP INVESTMENT ADVISORS LLC RIA/Wealth	Eric Michael Kittner CEO	$297.0M 2.37% of portfolio	10.0M shares	Q4 2017 Held for 7y 11m	$12.5B
Advisory Alpha, LLC RIA/Wealth	Steve Mark Osterink Managing Partner	$267.4M 7.45% of portfolio	8.9M shares	Q2 2016 Held for 9y 5m	$3.6B
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC RIA/Wealth	James Loren Cahn Chairman	$170.6M 0.26% of portfolio	5.7M shares	Q4 2014 Held for 10y 11m	$65.5B
HPM Partners LLC RIA/Wealth	Kurt Patrick Miscinski President	$161.1M 0.26% of portfolio	5.4M shares	Q4 2021 Held for 3y 11m	$61.7B
Legacy Wealth Management, Inc RIA/Wealth	Duncan L Miller CEO	$124.6M 7.34% of portfolio	4.2M shares	Q4 2014 Held for 10y 11m	$1.7B
JMG Financial Group, Ltd. RIA/Wealth	Anthony David Cecchini CEO	$95.9M 2.73% of portfolio	3.2M shares	≤ Q2 2013 Held for 12y 5m+	$3.5B

Net Capital Flow

Institutional buying and selling activity for SCHM in Q3 2025

Traded: −$60.9M
Buyers: 387
Sellers: 438
Total Bought: +$266.4M
Total Sold: −$327.2M
Avg Position: $8.4M

Biggest Buyers

Institution	Net Bought	Current Position
THRIVENT FINANCIAL FOR LUTHERANS Insurance Manager	+$55.0M +1.9M shares	$57.0M 1.9M shares
MORGAN STANLEY RIA/Wealth	+$24.5M +827.6K shares	$77.1M 2.6M shares
Advisory Alpha, LLC RIA/Wealth	+$17.0M +568.6K shares	$267.4M 8.9M shares
MONETA GROUP INVESTMENT ADVISORS LLC RIA/Wealth	+$16.5M +555.7K shares	$297.0M 10.0M shares
Cetera Investment Advisers RIA/Wealth	+$14.5M +490.3K shares	$31.2M 1.1M shares
Lido Advisors, LLC RIA/Wealth	+$8.7M +292.7K shares	$9.5M 319.6K shares
J JONES FINANCIAL COMPANIES LLLP Institution	+$7.6M +257.3K shares	$74.9M 2.5M shares
SCHWAB CHARLES INVESTMENT MANAGEMENT INC Long Only Manager	+$7.0M +237.6K shares	$9.6M 324.1K shares
A Advisor Group Holdings, Inc. Institution	+$7.0M +236.2K shares	$17.4M 587.2K shares
N NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Institution	+$6.0M +200.9K shares	$310.4M 10.5M shares

Biggest Sellers

Institution	Net Sold	Current Position
F Financial Engines Advisors L.L.C. Institution	−$45.7M −1.5M shares	$1.7B 58.8M shares
Kingstone Capital Partners Texas, LLC RIA/Wealth	−$40.8M −1.5M shares	Sold Off 0 shares
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	−$24.8M −837.4K shares	$40.3M 1.4M shares
Elwood & Goetz Wealth Advisory Group, LLC RIA/Wealth	−$19.8M −668.6K shares	$10.6M 357.9K shares
HPM Partners LLC RIA/Wealth	−$16.8M −567.6K shares	$161.1M 5.4M shares
MERCER GLOBAL ADVISORS INC /ADV RIA/Wealth	−$12.6M −424.6K shares	$34.2M 1.2M shares
Gemmer Asset Management LLC RIA/Wealth	−$12.3M −414.9K shares	$29.4M 993.3K shares
Richardson Capital Management LLC RIA/Wealth	−$12.1M −407.8K shares	$3.9M 133.1K shares
B BNP PARIBAS ARBITRAGE, SA Institution	−$5.9M −200.0K shares	$1.5M 50.0K shares
Beacon Pointe Advisors, LLC RIA/Wealth	−$5.5M −184.7K shares	$42.2M 1.4M shares

Entry and Exit Activity

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

New Positions: 40
New Value: $14.9M
Exited Positions: 48
Exited Value: $70.2M

New Positions

Institution	Position Value
Modern Wealth Management, LLC RIA/Wealth	$3.8M 129.2K shares
WJ Financial Advisors LLC RIA/Wealth	$2.0M 69.1K shares
BRIDGES INVESTMENT MANAGEMENT INC RIA/Wealth	$748.5K 25.3K shares
Arkadios Wealth Advisors RIA/Wealth	$727.4K 24.5K shares
R Rice Partnership, LLC Institution	$690.4K 23.3K shares
QRG CAPITAL MANAGEMENT, INC. Long Only Manager	$687.4K 23.2K shares
Tranquility Partners, LLC RIA/Wealth	$604.0K 20.4K shares
Eaton Financial Holdings Company, LLC RIA/Wealth	$368.2K 12.4K shares
SLT Holdings LLC RIA/Wealth	$321.1K 10.8K shares
VestGen Advisors, LLC RIA/Wealth	$317.3K 10.7K shares

Exited Positions

Institution	Previous Position
Kingstone Capital Partners Texas, LLC RIA/Wealth	$40.8M 1.5M shares
Victrix Investment Advisors RIA/Wealth	$5.2M 183.9K shares
J JANE STREET GROUP, LLC Institution	$2.9M 103.7K shares
Jackson Creek Investment Advisors LLC Long Only Manager	$2.8M 100.1K shares
True North Advisors, LLC RIA/Wealth	$2.7M 98.0K shares
Ballast, Inc. RIA/Wealth	$2.1M 75.0K shares
Almanack Investment Partners, LLC. RIA/Wealth	$1.8M 64.8K shares
VSM Wealth Advisory, LLC RIA/Wealth	$1.7M 61.0K shares
O OLD MISSION CAPITAL LLC Institution	$1.3M 48.1K shares
Engineers Gate Manager LP Hedge Fund•Quant	$1.2M 42.0K shares

Options Activity

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

Call Positions: 1
Call Value: $251.9K
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$251.9K 85.0 contracts

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Sherwood Financial Partners, LLC RIA/Wealth	Hannah Elizabeth Oaks Boundy Managing Partner	13.37% $15.3M	517.0K shares	Q4 2024 Held for 11 months	$114.6M
White & Co Financial Planning Inc RIA/Wealth	James Eric Parker President	9.65% $12.8M	432.6K shares	Q4 2024 Held for 11 months	$132.8M
Mokosak Advisory Group, LLC RIA/Wealth	Ryan Matthew Page President	8.50% $32.5M	1.1M shares	Q4 2017 Held for 7y 11m	$382.3M
Advisory Alpha, LLC RIA/Wealth	Steve Mark Osterink Managing Partner	7.45% $267.4M	8.9M shares	Q2 2016 Held for 9y 5m	$3.6B
Legacy Wealth Management, Inc RIA/Wealth	Duncan L Miller CEO	7.34% $124.6M	4.2M shares	Q4 2014 Held for 10y 11m	$1.7B
HORIZON FINANCIAL SERVICES, LLC RIA/Wealth	John Joseph Brais Managing Partner	7.10% $14.9M	501.8K shares	Q2 2021 Held for 4y 5m	$209.6M
Schaeffer Financial LLC RIA/Wealth	Karen Patricia Schaeffer Managing Partner	7.07% $7.8M	263.0K shares	Q4 2023 Held for 1y 11m	$110.3M
Northeast Financial Group, Inc. RIA/Wealth	Josh Robert Laychock President	6.27% $25.2M	850.1K shares	Q3 2022 Held for 3y 2m	$401.6M
Compass Advisory Group LLC RIA/Wealth	Jeffrey Joseph Myers CIO	5.89% $21.0M	707.9K shares	Q4 2020 Held for 4y 11m	$356.3M
Vista Private Wealth Partners. LLC RIA/Wealth	Darin Michael Snow Managing Partner	5.69% $18.3M	651.0K shares	Q3 2018 Held for 7y 2m	$320.7M

Hedge Fund Spotlight

Discover hedge funds investing in SCHM

Fortis Capital Management LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerMichael Robert Boroughs

Portfolio Value: $710.3M
Positions: 176
Last Reported: Q3 2025

Sector Allocation

Position in Schwab U.S. Mid-Cap ETF

Market Value: $11.7M
Shares Held: 394.3K
Portfolio Weight: 1.65%
Owned Since: 2019-Q4

Top Holding	Sector	Market Value	Weight
1 Microsoft MSFT	Software - Infrastructure Technology	$161.5M	22.74%
2 SCHX Schwab U.S. Large-Cap ETF SCHX	ETF ETF	$33.3M	4.69%
3 Nvidia NVDA	Semiconductors Technology	$25.5M	3.59%

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