Schwab High Yield Bond

SCYB • ARCA

Schwab High Yield Bond is an exchange-traded fund on ARCA. As of Q3 2025, 85 institutional investors hold shares in this ETF, with total holdings valued at $115.5M. Toroso Investments, LLC is the largest holder with a position valued at $42.9M.

Overview

Overview of institutional ownership in SCYB as of Q3 2025

All Institutions

Institutions: 85
Value Held: $115.5M
Shares Held: 4.3M
Avg Position: $1.4M
Median Position: $219.3K

Hedge Funds

Hedge Funds: 2
Value Held: $6.5M
Shares Held: 244.8K
Avg Position: $3.3M
Median Position: $3.3M

Biggest Investors

Institutions with the largest positions in SCYB as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
Toroso Investments, LLC ETF Provider	Guillermo Trias CEO	$42.9M 0.18% of portfolio	1.6M shares	Q1 2025 Held for 8 months	$23.2B
C Charles Schwab Trust Co Institution	-	$11.3M 0.76% of portfolio	420.9K shares	Q3 2024 Held for 1y 2m	$1.5B
D DAHRING \| CUSMANO LLC RIA/Wealth	Kirk Wayne Dahring CEO	$7.5M 5.40% of portfolio	278.8K shares	Q3 2025 Held for 2 months	$138.1M
Strategic Financial Planning, Inc. RIA/Wealth	Bryan Keith Lee President	$6.1M 3.54% of portfolio	228.7K shares	Q2 2025 Held for 5 months	$172.6M
L2 Asset Management, LLC Hedge Fund•Long/Short	Matthew Justin Malgari Managing Partner	$5.9M 0.87% of portfolio	222.2K shares	Q4 2024 Held for 11 months	$683.4M
Empowered Funds, LLC ETF Provider	Wesley Robert Gray CEO	$5.8M 0.06% of portfolio	216.9K shares	Q2 2025 Held for 5 months	$9.9B
BREAKTHRU ADVISORY SERVICES, LLC RIA/Wealth	Jerald Matthew Jendusa Managing Partner	$5.4M 4.15% of portfolio	203.2K shares	Q3 2025 Held for 2 months	$130.8M
C CLS Investments, LLC Institution	-	$3.3M 0.03% of portfolio	121.8K shares	Q3 2025 Held for 2 months	$12.5B
J JONES FINANCIAL COMPANIES LLLP Institution	-	$2.7M 0.00% of portfolio	102.5K shares	Q2 2025 Held for 5 months	$146.70B
MFG WEALTH MANAGEMENT, INC. RIA/Wealth	Michael Ray Mccracken President	$2.4M 1.81% of portfolio	89.7K shares	Q3 2025 Held for 2 months	$132.4M

Net Capital Flow

Institutional buying and selling activity for SCYB in Q3 2025

Traded: +$28.7M
Buyers: 65
Sellers: 28
Total Bought: +$34.2M
Total Sold: −$5.4M
Avg Position: $1.1M

Biggest Buyers

Institution	Net Bought	Current Position
D DAHRING \| CUSMANO LLC RIA/Wealth	+$7.5M +278.8K shares	$7.5M 278.8K shares
BREAKTHRU ADVISORY SERVICES, LLC RIA/Wealth	+$5.4M +203.2K shares	$5.4M 203.2K shares
C CLS Investments, LLC Institution	+$3.3M +121.8K shares	$3.3M 121.8K shares
J JONES FINANCIAL COMPANIES LLLP Institution	+$2.7M +102.4K shares	$2.7M 102.5K shares
MFG WEALTH MANAGEMENT, INC. RIA/Wealth	+$2.4M +89.7K shares	$2.4M 89.7K shares
Empowered Funds, LLC ETF Provider	+$1.5M +58.2K shares	$5.8M 216.9K shares
C Charles Schwab Trust Co Institution	+$981.7K +36.7K shares	$11.3M 420.9K shares
L2 Asset Management, LLC Hedge Fund•Long/Short	+$910.2K +34.1K shares	$5.9M 222.2K shares
B BENNETT SELBY INVESTMENTS LP RIA/Wealth	+$773.0K +28.9K shares	$773.0K 28.9K shares
PREVAIL INNOVATIVE WEALTH ADVISORS, LLC RIA/Wealth	+$772.1K +28.9K shares	$772.1K 28.9K shares

Biggest Sellers

Institution	Net Sold	Current Position
I iA Global Asset Management Inc. Institution	−$966.1K −36.4K shares	Sold Off 0 shares
Toroso Investments, LLC ETF Provider	−$858.6K −32.3K shares	$42.9M 1.6M shares
Focus Financial Network, Inc. RIA/Wealth	−$728.7K −27.5K shares	Sold Off 0 shares
Ballast, Inc. RIA/Wealth	−$490.8K −18.5K shares	Sold Off 0 shares
F FLOW TRADERS U.S. LLC Institution	−$349.7K −13.2K shares	Sold Off 0 shares
Mariner Wealth Advisors, LLC RIA/Wealth	−$335.8K −12.7K shares	Sold Off 0 shares
Capasso Planning Partners LLC RIA/Wealth	−$304.0K −11.4K shares	$392.9K 14.7K shares
MB, LEVIS & ASSOCIATES, LLC RIA/Wealth	−$278.6K −10.5K shares	Sold Off 0 shares
CAPTRUST FINANCIAL ADVISORS RIA/Wealth	−$222.5K −8.4K shares	Sold Off 0 shares
O OLD MISSION CAPITAL LLC Institution	−$200.7K −7.6K shares	Sold Off 0 shares

Entry and Exit Activity

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

New Positions: 27
New Value: $23.3M
Exited Positions: 18
Exited Value: $3.9M

New Positions

Institution	Position Value
D DAHRING \| CUSMANO LLC RIA/Wealth	$7.5M 278.8K shares
BREAKTHRU ADVISORY SERVICES, LLC RIA/Wealth	$5.4M 203.2K shares
C CLS Investments, LLC Institution	$3.3M 121.8K shares
MFG WEALTH MANAGEMENT, INC. RIA/Wealth	$2.4M 89.7K shares
B BENNETT SELBY INVESTMENTS LP RIA/Wealth	$773.0K 28.9K shares
PREVAIL INNOVATIVE WEALTH ADVISORS, LLC RIA/Wealth	$772.1K 28.9K shares
Asset Allocation Strategies LLC RIA/Wealth	$685.3K 25.6K shares
A AHL INVESTMENT MANAGEMENT, INC. RIA/Wealth	$554.9K 20.8K shares
COMMONWEALTH EQUITY SERVICES, LLC. RIA/Wealth	$359.8K 13.5K shares
FAIRFIELD RESEARCH CORP RIA/Wealth	$308.9K 11.6K shares

Exited Positions

Institution	Previous Position
I iA Global Asset Management Inc. Institution	$966.1K 36.4K shares
Focus Financial Network, Inc. RIA/Wealth	$728.7K 27.5K shares
Ballast, Inc. RIA/Wealth	$490.8K 18.5K shares
F FLOW TRADERS U.S. LLC Institution	$349.7K 13.2K shares
Mariner Wealth Advisors, LLC RIA/Wealth	$335.8K 12.7K shares
MB, LEVIS & ASSOCIATES, LLC RIA/Wealth	$278.6K 10.5K shares
CAPTRUST FINANCIAL ADVISORS RIA/Wealth	$222.5K 8.4K shares
O OLD MISSION CAPITAL LLC Institution	$200.7K 7.6K shares
SALEM INVESTMENT COUNSELORS INC RIA/Wealth	$182.3K 6.9K shares
R Ronald Blue Trust, Inc. Institution	$81.6K 3.1K shares

Options Activity

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

Call Positions: 0
Call Value: -
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
No call positions found

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
D DAHRING \| CUSMANO LLC RIA/Wealth	Kirk Wayne Dahring CEO	5.40% $7.5M	278.8K shares	Q3 2025 Held for 2 months	$138.1M
BREAKTHRU ADVISORY SERVICES, LLC RIA/Wealth	Jerald Matthew Jendusa Managing Partner	4.15% $5.4M	203.2K shares	Q3 2025 Held for 2 months	$130.8M
Strategic Financial Planning, Inc. RIA/Wealth	Bryan Keith Lee President	3.54% $6.1M	228.7K shares	Q2 2025 Held for 5 months	$172.6M
MFG WEALTH MANAGEMENT, INC. RIA/Wealth	Michael Ray Mccracken President	1.81% $2.4M	89.7K shares	Q3 2025 Held for 2 months	$132.4M
L2 Asset Management, LLC Hedge Fund•Long/Short	Matthew Justin Malgari Managing Partner	0.87% $5.9M	222.2K shares	Q4 2024 Held for 11 months	$683.4M
C Charles Schwab Trust Co Institution	-	0.76% $11.3M	420.9K shares	Q3 2024 Held for 1y 2m	$1.5B
MMA ASSET MANAGEMENT LLC Pension/Endowment	Paul George Liebezeit President	0.64% $1.9M	71.9K shares	Q2 2025 Held for 5 months	$299.6M
OMNI 360 Wealth, Inc. RIA/Wealth	James Gregory Colitsas President	0.39% $696.3K	26.1K shares	Q2 2025 Held for 5 months	$177.2M
A AHL INVESTMENT MANAGEMENT, INC. RIA/Wealth	Robert William Coleman President	0.38% $554.9K	20.8K shares	Q3 2025 Held for 2 months	$146.3M
LGT Financial Advisors LLC RIA/Wealth	John Eric Bullman CIO	0.36% $164.4K	6.2K shares	Q3 2025 Held for 2 months	$45.5M

Hedge Fund Spotlight

Discover hedge funds investing in SCYB

L2 Asset Management, LLC

Hedge Fund • Long/Short

Portfolio ManagerMatthew Justin Malgari

Portfolio Value: $683.4M
Positions: 357
Last Reported: Q3 2025

Sector Allocation

Position in Schwab High Yield Bond

Market Value: $5.9M
Shares Held: 222.2K
Portfolio Weight: 0.87%
Owned Since: 2024-Q4

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