SCHD · Schwab U.S. Dividend Equity ETF · Holdings ETF

$34.69 +0.45 (+1.31%) At close · Oct 20

Volume · Oct 20 20.96M Avg daily vol (3M) 23.01M

Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.

Use institutional holdings through the 13F API or MCP →

Institutional holdings are being reconciled with SEC filings. Holder totals and changes may be incomplete until reconciliation finishes.

Quarter:

Holders: 589

Total Value: $3,404,364,956

Total Shares: 104,653,133

Showing 1–100 of 589 holdings by value · page 1 of 6

Institutional Ownership Trend

27 quarters

Holder Concentration

Across 589 13F filers · Δ vs Jun 30, 2026

Top Holder

6.0%

−1.2 pts

Top 5

17.0%

−7.5 pts

Top 10

25.5%

−9.7 pts

HHI

128

Broadly held−50

Who Holds SCHD

Last 8 quarters through Sep 30, 2026 (filing window open)

Each kind of 13F filer's share of the common shares 13F filers report. Holder type comes from regulatory records, never the filer's name; style, turnover and horizon are measured from each filer's own 13F book. The quarter selector does not change this card.

Jun 30, 2026, the newest closed quarter: 2,151 filers, like-for-like change +2.1%; actively managed books +2.0%; index-like books +7.5%.

Holder type	Share	Filers	Change	New	Exited
Registered adviser	47.6%	1,526	+2.4%	112	53
Exempt adviser	0.1%	3	+2274.4%	1	0
Adviser	1.4%	13	+3.6%	1	0
Bank	11.1%	43	+10.5%	4	0
Broker-dealer	4.0%	1	+8.3%	0	1
Non-US	0.0%	3	-65.0%	1	0
Holding company	5.1%	9	+9.0%	0	0
Insurer	0.0%	0	—	0	0
Unknown	30.7%	553	-3.0%	43	23

Style	Share	Filers	Change	New	Exited
Index-like	3.8%	11	+7.5%	1	0
Systematic-like	0.3%	10	-5.8%	2	2
Concentrated	39.0%	987	-2.7%	75	41
Diversified active	56.6%	1,139	+5.4%	83	33
Unknown	0.2%	3	-4.9%	1	1
Not measured	0.1%	1	+3.3%	0	0

Turnover	Share	Filers	Change	New	Exited
Low turnover	83.3%	1,525	+6.7%	88	41
Medium turnover	6.1%	318	+1.9%	39	24
High turnover	0.6%	35	-33.3%	10	7
Unknown	9.8%	272	-23.9%	25	5
Not measured	0.1%	1	+3.3%	0	0

Holding horizon	Share	Filers	Change	New	Exited
Short horizon	3.5%	252	+60.0%	23	10
Medium horizon	11.2%	582	+0.2%	58	30
Long horizon	77.1%	1,266	-1.3%	71	33
Unknown	8.1%	50	+30.4%	10	4
Not measured	0.1%	1	+3.3%	0	0

13F book size	Share	Filers	Change	New	Exited
Under $1B	23.6%	1,439	+6.6%	119	61
$1B to $10B	23.2%	561	+10.0%	34	11
$10B to $100B	27.6%	107	-10.2%	4	3
$100B or more	25.5%	43	+7.2%	5	2
Not measured	0.1%	1	+3.3%	0	0

Client base	Share	Filers	Change	New	Exited
Individuals and high net worth	45.0%	1,413	+2.3%	98	44
Pooled investment vehicles	0.0%	6	-83.9%	2	1
Registered funds and BDCs	0.3%	10	-12.5%	0	2
Pension and profit sharing plans	0.7%	19	+12.8%	1	1
Insurance companies	0.3%	4	+15.2%	0	1
Charitable organizations	0.0%	4	+30.1%	0	0
Governments and sovereign funds	0.0%	2	-0.4%	0	1
Banks and thrifts	0.0%	2	+4.0%	0	0
Corporations	0.0%	8	+1.6%	2	1
Other investment advisers	0.1%	15	+0.8%	2	0
Other	0.3%	4	-4.8%	1	1
Diversified	0.7%	38	+18.8%	6	1
Unknown	52.4%	626	+1.9%	50	24

Private funds	Share	Filers	Change	New	Exited
Hedge funds	0.8%	50	+17.8%	6	2
Private equity funds	2.3%	46	-1.3%	4	2
Venture capital funds	0.0%	3	-1.7%	0	1
Real estate funds	1.2%	21	+9.0%	0	0
Securitized asset funds	0.0%	2	-2.0%	0	0
Other private funds	3.0%	44	+5.0%	2	2
Mixed private funds	0.1%	7	-7.5%	0	1
Private funds, type not stated	0.1%	11	-5.1%	2	3
No private funds	40.3%	1,345	+2.3%	99	42
Unknown	52.3%	622	+1.7%	49	24

Location	Share	Filers	Change	New	Exited
United States	82.7%	2,111	+5.4%	152	76
Outside the US	17.3%	40	-11.0%	10	1

The Sep 30, 2026 filing window is still open, so its bar shows only the filers that have filed so far.

How the mix is measured

Shares are 13F common shares restated to today's split basis; options and principal amounts are left out. The change compares only filers with a 13F in both quarters and keeps each filer in its bucket of the later quarter on both sides; a filer that continues under a new CIK is compared through its successor. Holder type comes from each filer's current regulatory profile; client base and private funds come from the Form ADV roster current at each quarter end (rosters from December 2019, so an earlier quarter reads Unknown). Style, turnover, horizon and book size are measured from each filer's 13F book in the newest measured quarter, and Not measured means none was. Actively managed books are those measured systematic-like, concentrated or diversified active.

Excluded 30 holders with no observed 2026-03-31 13F and 29 holders with no observed 2026-06-30 13F. Compared across CIK changes: Trask Adam Roland continues as Burnham & Co LLC.

Conviction and Crowding

2,150 13F filers, quarter ended Jun 30, 2026

Measured across every 13F filer's common-share book once the quarter's filing window closed. Crowding counts filers with high turnover or that advise private funds on Form ADV.

Conviction holders

931

43.3% of filers hold it in their top 10

Mar 31, 2026: 983

Holders above 5%

107

median weight 0.193%

Mar 31, 2026: 138

Crowding

—

shares outstanding is an issuer-wide count, not one listing's

Private-fund advisers

—

of shares outstanding

Institutional ownership

—

shares outstanding is an issuer-wide count, not one listing's

Top 10 holders

35.1%

of 13F shares, Herfindahl 0.018

Active holders

+2.0%

like-for-like share change of active filers

5% stakes on record

0 13D, 0 13G

How long holders have held it value-weighted 18.4 quarters

Under 1 year 3.49% 1 to 3 years 26.2% 3 years or more 70.3% Since coverage start 0.000%

Managers in the top fifth by current three-year FundScore alpha were net sellers of $2,693,157 (1 buying, 2 selling).

Estimated Holder Cost Basis

Quarter ended Jun 30, 2026, on that quarter's share basis

Estimated, never filed: each 13F buy is costed at its quarter's average traded price and each sale keeps the average cost, so this is what holders paid on average if they traded evenly through each quarter.

Estimated avg cost

$28.99

estimated per share

Mar 31, 2026: $28.20

Quarter-end price

$31.32

implied by 13F values

Estimated gain or loss

+8.1%

price against the estimated cost

Estimated at a loss

5.12%

of costed 13F value

Estimated cost covers 11.0% of the 13F shares; positions already held when a filer's 13F history starts, or bought in a quarter without a trusted average price, have no estimate.

Fund Ownership of SCHD by Fund Type

Registered funds' Form N-PORT reports for the quarter ended Jun 30, 2026

Index funds and index ETFs hold 0 shares.

Fund type	Shares	Funds
Index funds	0	0
Index ETFs	0	0
Active ETFs	200,365	1
Active funds	0	0
Unclassified	0	0
All registered funds	200,365	1

How fund types are measured

Each fund series counts once, with its latest Form N-PORT report dated inside the quarter; only long share positions count, restated to today's split basis. The fund type is the series' latest Form N-CEN answer on or before the quarter end (the index-fund box and the exchange-traded flag), never its name. Unclassified funds have no usable N-CEN; unit investment trusts are among them, so index ownership is a floor. Funds sit inside their advisers' 13F reports, so these shares overlap the 13F figures and are never added to them.

Quarterly Activity

vs Jun 30, 2026

New

Increased

311

Decreased

176

Sold Out

Unchanged

New and Sold Out count only filers that reported a 13F for both quarters: a first-time filer's book is not a buy, and a fund that has not filed, or withheld its positions under confidential treatment, has not sold.

Holder count: -1,572

Institutional value: -87.1%

Shares held: -87.6%

Top Buyers

vs Jun 30, 2026

Institution	Added	Now Holds
Large WEALTH ENHANCEMENT ADVISORY SERVICES, LLC	+533,637	5,341,071
Small Kellett Wealth Advisors, LLC	+272,961	637,860
Large Concurrent Investment Advisors, LLC	+252,030	652,360
Small Dominguez Wealth Management Solutions, Inc.	+170,021	209,188
Small Oasis Advisors, LLC	+167,267	219,517

Top Sellers

vs Jun 30, 2026

Institution	Sold	Now Holds
Micro Virginia Estate & Retirement Planning Advisors Inc.	−10,432,506	101,483
Small Foguth Wealth Management, LLC.	−496,250	63,252
Mid Allied Investment Advisors, LLC	−330,510	1,540,888
Small Hofer & Associates. Inc	−177,904	19,916
Mid MISSION WEALTH MANAGEMENT, LP	−155,839	403,350

Top New Positions

vs Jun 30, 2026

Institution	Acquired	Value (USD)
Small VMS Asset Management Limited	301,970	$9,823,084
Small SANDERS MORRIS HARRIS LLC	175,751	$5,717,180
Small Schear Investment Advisers, LLC	124,880	$4,062,346
Small 4WEALTH ADVISORS, INC.	59,150	$1,924,149
Small FIRST NATIONAL BANK SIOUX FALLS	42,728	$1,389,941

Top Sold-Out Positions

vs Jun 30, 2026

Institution	Previously Held	Last Value (USD)
Small Cadent Capital Advisors, LLC	28,896	$916,292
Small OMC Financial Services LTD	21,783	$690,738
Small Legacy Advisory Services, LLC	11,197	$355,056
Small Apeiron RIA LLC	10,822	$343,165
Small North Capital, Inc.	9,834	$311,836

Filter: New 31 Increased 311 Reduced 176 Sold out 17 Unchanged 65

Holder type: Registered adviser 416 Exempt adviser 1 Bank 4 Broker-dealer 1 Unknown 167

Showing 100 of 589

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

Keystone Financial Planning, Inc. SCHD

$204,272,720

6.00%

6,279,518

WEALTH ENHANCEMENT ADVISORY SERVICES, LLC SCHD

$173,745,039

5.10%

5,341,071

Asset Advisors Investment Management, LLC SCHD

$73,160,002

2.15%

2,249,001

HOWARD FINANCIAL SERVICES, LTD. SCHD

$63,842,044

1.88%

1,962,559

Summit Financial Wealth Advisors, LLC SCHD

$63,803,138

1.87%

1,961,363

Spinnaker Investment Group, LLC SCHD

$62,870,503

1.85%

1,932,693

Focus Financial Network, Inc. SCHD

$60,356,324

1.77%

1,855,405

Scott Capital Advisors, LLC SCHD

$56,190,109

1.65%

1,727,332

BURKETT FINANCIAL SERVICES, LLC SCHD

$55,128,395

1.62%

1,694,694

Sarver Vrooman Wealth Advisors SCHD

$55,125,695

1.62%

1,694,611

Farther Finance Advisors, LLC SCHD

$54,259,877

1.59%

1,667,995

CGC Financial Services, LLC SCHD

$53,877,324

1.58%

1,656,235

Keudell/Morrison Wealth Management SCHD

$52,421,281

1.54%

1,611,475

PINNACLE ASSOCIATES LTD SCHD

$50,971,191

1.50%

1,566,898

Allied Investment Advisors, LLC SCHD

$50,125,086

1.47%

1,540,888

Intergy Private Wealth, LLC SCHD

$41,490,486

1.22%

1,275,453

CRA Financial Services, LLC SCHD

$40,688,654

1.20%

1,250,804

Whitaker-Myers Wealth Managers, LTD. SCHD

$36,467,658

1.07%

1,121,047

LVW Advisors, LLC SCHD

$32,930,151

0.97%

1,012,301

Stonehearth Capital Management, LLC SCHD

$31,481,232

0.92%

967,760

Eagle Capital Management, LLC SCHD

$30,439,166

0.89%

935,726

AdvisorNet Financial, Inc SCHD

$29,335,586

0.86%

901,801

Capital Advantage, Inc. SCHD

$28,532,518

0.84%

877,114

PFG Advisors SCHD

$27,920,368

0.82%

858,296

DAGCO, INC. SCHD

$27,836,636

0.82%

855,722

Asset Allocation & Management Company, LLC SCHD

$26,226,141

0.77%

806,214

McCarthy Asset Management, Inc. SCHD

$25,971,041

0.76%

798,372

MJT & Associates Financial Advisory Group, Inc. SCHD

$25,921,563

0.76%

796,851

Powers Advisory Group, LLC SCHD

$24,709,300

0.73%

759,585

IFP Advisors, Inc SCHD

$24,618,996

0.72%

756,809

INDEPENDENT FINANCIAL GROUP, LLC SCHD

$24,502,962

0.72%

753,242

Weitzel Financial Services, Inc. SCHD

$23,313,665

0.68%

716,682

Southland Equity Partners LLC SCHD

$22,996,335

0.68%

706,927

Asset Allocation Strategies LLC SCHD

$22,160,964

0.65%

681,247

Venture Visionary Partners LLC SCHD

$21,903,489

0.64%

673,332

HENGEHOLD CAPITAL MANAGEMENT LLC SCHD

$21,821,774

0.64%

670,820

LongView Wealth Management SCHD

$21,714,946

0.64%

667,536

Graves Light Lenhart Wealth, Inc. SCHD

$21,351,651

0.63%

656,368

Concurrent Investment Advisors, LLC SCHD

$21,221,270

0.62%

652,360

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Concurrent Asset Management, LLC	5,939	$193,195	0.9%	Sole
Held directly	646,421	$21,028,075	99.1%	Sole

DAVENPORT & Co LLC SCHD

$21,086,173

0.62%

648,207

Kellett Wealth Advisors, LLC SCHD

$20,749,585

0.61%

637,860

WALLER FINANCIAL PLANNING GROUP, INC SCHD

$20,685,306

0.61%

635,884

EQUITABLE TRUST CO SCHD

$20,304,217

0.60%

624,169

Integrated Advisors Network LLC SCHD

$19,971,500

0.59%

613,941

SIMS INVESTMENT MANAGEMENT, LLC SCHD

$18,932,525

0.56%

582,002

Global Wealth Management, LLC SCHD

$18,648,928

0.55%

573,284

Carnegie Investment Counsel SCHD

$17,874,812

0.53%

549,487

Paradigm, Strategies in Wealth Management, LLC SCHD

$16,474,688

0.48%

506,446

TRUE Private Wealth Advisors SCHD

$16,369,356

0.48%

503,208

RETIREMENT FINANCIAL SOLUTIONS, LLC SCHD

$15,760,134

0.46%

484,480

Lighthouse Wealth Management Inc. SCHD

$15,651,289

0.46%

481,134

SARD WEALTH MANAGEMENT GROUP, LLC SCHD

$15,613,066

0.46%

479,959

Friday Financial SCHD

$15,299,899

0.45%

470,332

Charles Schwab Trust Co SCHD

$15,184,385

0.45%

466,781

SMITHBRIDGE ASSET MANAGEMENT INC/DE SCHD

$14,545,008

0.43%

447,126

Barry Investment Advisors, LLC SCHD

$14,429,267

0.42%

443,568

Legacy Financial Strategies, LLC SCHD

$14,230,703

0.42%

437,464

Sunburst Financial Group, LLC SCHD

$13,760,905

0.40%

423,022

Acorn Wealth Advisors, LLC SCHD

$13,570,279

0.40%

417,162

ADAMSBROWN WEALTH CONSULTANTS LLC SCHD

$13,459,254

0.40%

413,749

ISLAY CAPITAL MANAGEMENT, LLC SCHD

$13,265,343

0.39%

407,788

MISSION WEALTH MANAGEMENT, LP SCHD

$13,120,975

0.39%

403,350

Midwest Financial Group LLC SCHD

$12,709,731

0.37%

390,708

Clay Northam Wealth Management, LLC SCHD

$12,684,845

0.37%

389,943

TRAPHAGEN INVESTMENT ADVISORS LLC SCHD

$12,597,307

0.37%

387,252

Avior Wealth Management, LLC SCHD

$12,543,145

0.37%

385,587

Keystone Financial Group, Inc. SCHD

$12,514,974

0.37%

384,721

Baker Ellis Asset Management LLC SCHD

$12,420,507

0.36%

381,817

WealthPlan Investment Management, LLC SCHD

$12,264,428

0.36%

377,019

SIGNATURE ESTATE & INVESTMENT ADVISORS LLC SCHD

$12,155,939

0.36%

373,684

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
SIGNATURE INVESTMENT ADVISORS LLC	2,139	$69,581	0.6%	Defined
Held directly	371,545	$12,086,358	99.4%	Sole

CERTIOR FINANCIAL GROUP, LLC SCHD

$12,027,934

0.35%

369,749

Lakeshore Financial Planning, Inc. SCHD

$11,791,799

0.35%

362,490

Kure Advisory, LLC SCHD

$11,454,431

0.34%

352,119

McAlister, Sweet & Associates, Inc. SCHD

$11,165,141

0.33%

343,226

Benchmark Financial Wealth Advisors, LLC SCHD

$11,077,603

0.33%

340,535

Robertson Stephens Wealth Management, LLC SCHD

$11,022,465

0.32%

338,840

Meridian Financial Advisors, LLC SCHD

$10,862,092

0.32%

333,910

Mayfair Advisory Group, LLC SCHD

$10,790,168

0.32%

331,699

JUNCTURE WEALTH STRATEGIES, LLC SCHD

$10,503,253

0.31%

322,879

Appalachian Capital Management Ltd SCHD

$10,453,385

0.31%

321,346

YHB Investment Advisors, Inc. SCHD

$10,418,643

0.31%

320,278

Redhawk Wealth Advisors, Inc. SCHD

$10,267,378

0.30%

315,628

PPS&V ASSET MANAGEMENT CONSULTANTS, INC. SCHD

$10,196,235

0.30%

313,441

Investors Research Corp SCHD

$9,844,358

0.29%

302,624

VMS Asset Management Limited SCHD

$9,823,084

0.29%

301,970

Diversified Enterprises, LLC SCHD

$9,683,497

0.28%

297,679

Dynamic Advisor Solutions LLC SCHD

$9,677,349

0.28%

297,490

New England Private Wealth Advisors LLC SCHD

$9,454,389

0.28%

290,636

Crescent Sterling, Ltd. SCHD

$9,355,042

0.27%

287,582

Penney Financial, LLC SCHD

$9,241,675

0.27%

284,097

STEWARDSHIP CONCEPTS FINANCIAL SERVICES LLC SCHD

$9,177,526

0.27%

282,125

Karras Company, Inc. SCHD

$9,161,098

0.27%

281,620

HRC WEALTH MANAGEMENT, LLC SCHD

$9,015,526

0.26%

277,145

Milestones Private Investment Advisors LLC SCHD

$8,882,739

0.26%

273,063

Orgel Wealth Management, LLC SCHD

$8,860,098

0.26%

272,367

HBW ADVISORY SERVICES LLC SCHD

$8,751,513

0.26%

269,029

Davis Capital Management SCHD

$8,632,193

0.25%

265,361

Fairway Financial, LLC SCHD

$8,546,086

0.25%

262,714

Matrix Trust Co SCHD

$8,288,058

0.24%

254,782

Burns Matteson Capital Management, LLC SCHD

$8,130,353

0.24%

249,934

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