SCHO · Schwab Short-Term U.S. Treasury ETF · Holdings ETF

$23.90 +0.01 (+0.03%)

Volume · Oct 21 7.31M Avg daily vol (3M) 5.05M

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: 179

Total Value: $1,192,384,922

Total Shares: 171,413,982

Showing 1–100 of 179 holdings by value · page 1 of 2

Institutional Ownership Trend

27 quarters

Holder Concentration

Across 179 13F filers · Δ vs Jun 30, 2026

Top Holder

9.0%

−23.7 pts

Top 5

32.9%

−20.7 pts

Top 10

51.1%

−9.5 pts

HHI

356

Broadly held−850

Who Holds SCHO

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: 723 filers, like-for-like change +8.8%; actively managed books +9.8%; index-like books -39.2%.

Holder type	Share	Filers	Change	New	Exited
Registered adviser	33.1%	521	+16.0%	59	33
Exempt adviser	0.0%	1	+7.0%	0	0
Adviser	5.7%	5	+27.1%	1	0
Bank	42.7%	21	-0.6%	2	2
Broker-dealer	1.3%	1	+87.2%	0	0
Non-US	0.0%	2	+34.2%	0	0
Holding company	0.8%	5	+4.6%	0	0
Insurer	0.0%	0	—	0	0
Unknown	16.5%	167	+13.3%	23	18

Style	Share	Filers	Change	New	Exited
Index-like	1.1%	8	-39.2%	2	1
Systematic-like	0.0%	4	-83.0%	1	1
Concentrated	21.0%	322	+10.2%	40	20
Diversified active	77.9%	388	+9.8%	42	31
Unknown	0.0%	1	+3.0%	0	0
Not measured	0.0%	0	—	0	0

Turnover	Share	Filers	Change	New	Exited
Low turnover	93.5%	537	+9.1%	61	30
Medium turnover	4.4%	105	-3.9%	11	11
High turnover	0.1%	8	-73.4%	2	7
Unknown	2.1%	73	+41.0%	11	5
Not measured	0.0%	0	—	0	0

Holding horizon	Share	Filers	Change	New	Exited
Short horizon	2.1%	68	+41.1%	12	8
Medium horizon	7.2%	180	+6.5%	27	11
Long horizon	90.1%	461	+8.8%	43	32
Unknown	0.7%	14	-26.8%	3	2
Not measured	0.0%	0	—	0	0

13F book size	Share	Filers	Change	New	Exited
Under $1B	16.0%	395	+6.8%	52	31
$1B to $10B	12.9%	228	+9.5%	28	18
$10B to $100B	8.4%	69	+17.4%	3	1
$100B or more	62.7%	31	+8.1%	2	3
Not measured	0.0%	0	—	0	0

Client base	Share	Filers	Change	New	Exited
Individuals and high net worth	29.1%	479	+10.9%	54	29
Pooled investment vehicles	0.0%	2	-53.6%	0	0
Registered funds and BDCs	0.3%	6	+5.2%	1	1
Pension and profit sharing plans	0.3%	11	-0.8%	1	1
Charitable organizations	0.3%	4	+23.4%	0	0
Governments and sovereign funds	0.1%	1	+3.6%	0	0
Other investment advisers	0.3%	8	-16.5%	2	1
Other	0.1%	1	+462.1%	0	0
Diversified	2.6%	9	+182.6%	1	1
Corporations	0.0%	0	—	0	0
Unknown	66.9%	202	+5.5%	26	20

Private funds	Share	Filers	Change	New	Exited
Hedge funds	1.2%	20	+7.2%	3	1
Private equity funds	0.7%	16	+4.5%	0	2
Venture capital funds	0.0%	1	0.0%	0	0
Real estate funds	2.4%	9	+23.0%	0	1
Securitized asset funds	0.0%	1	0.0%	0	0
Other private funds	1.4%	14	-3.6%	1	1
Mixed private funds	1.9%	2	+617.7%	0	0
Private funds, type not stated	0.0%	3	+259.3%	1	0
No private funds	25.6%	456	+10.6%	54	28
Unknown	66.9%	201	+5.5%	26	20

Location	Share	Filers	Change	New	Exited
United States	99.1%	713	+8.6%	83	53
Outside the US	0.9%	10	+28.6%	2	0

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 7 holders with no observed 2026-03-31 13F and 14 holders with no observed 2026-06-30 13F. Compared across CIK changes: Trask Adam Roland continues as Burnham & Co LLC.

Conviction and Crowding

723 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

414

57.3% of filers hold it in their top 10

Mar 31, 2026: 415

Holders above 5%

median weight 0.086%

Mar 31, 2026: 26

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

60.6%

of 13F shares, Herfindahl 0.121

Active holders

+9.8%

like-for-like share change of active filers

5% stakes on record

0 13D, 0 13G

How long holders have held it value-weighted 21.5 quarters

Under 1 year 6.48% 1 to 3 years 9.95% 3 years or more 83.6% Since coverage start 0.000%

Managers in the top fifth by current three-year FundScore alpha were net sellers of $252,398 (0 buying, 1 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

$24.25

estimated per share

Mar 31, 2026: $24.33

Quarter-end price

$24.14

implied by 13F values

Estimated gain or loss

-0.5%

price against the estimated cost

Estimated at a loss

100.0%

of costed 13F value

Estimated cost covers 7.47% 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 SCHO by Fund Type

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

Index funds and index ETFs hold 574,088 shares.

Fund type	Shares	Funds
Index funds	0	0
Index ETFs	574,088	1
Active ETFs	169,763	3
Active funds	0	0
Unclassified	0	0
All registered funds	743,851	4

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

Decreased

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: -547

Institutional value: -85.8%

Shares held: -50.7%

Top Buyers

vs Jun 30, 2026

Institution	Added	Now Holds
Small Keystone Global Partners, LLC	+121,543,505	121,561,318
Small Wealth Forward, LLC	+516,438	544,703
Large WEALTH ENHANCEMENT ADVISORY SERVICES, LLC	+383,817	4,479,076
Small Moisand Fitzgerald Tamayo, LLC	+330,269	4,412,615
Mid LVW Advisors, LLC	+228,493	2,411,339

Top Sellers

vs Jun 30, 2026

Institution	Sold	Now Holds
Small ZynergyRetirementPlanningLLC	−263,558	185,546
Mid AdvisorNet Financial, Inc	−158,453	689,127
Mid Resonant Capital Advisors, LLC	−93,401	193,138
Large Farther Finance Advisors, LLC	−84,989	592,259
Mid Dynamic Advisor Solutions LLC	−65,729	169,657

Top New Positions

vs Jun 30, 2026

Institution	Acquired	Value (USD)
Small Castle Rock Wealth Management, LLC	319,545	$7,624,343
Small RCS Financial Planning, LLC	83,965	$2,003,404
Small Traveka Wealth, LLC	69,894	$1,667,670
Small Saxony Capital Management, LLC	52,237	$1,246,374
Small Upper Left Wealth Management, LLC	51,419	$1,226,857

Top Sold-Out Positions

vs Jun 30, 2026

Institution	Previously Held	Last Value (USD)
Small Hidden Cove Wealth Management, LLC	147,356	$3,557,173
Mid Everhart Financial Group, Inc.	60,549	$1,461,652
Mid Gradient Investments LLC	18,000	$434,520
Small RDA Financial Network	13,175	$318,044
Small Burns Matteson Capital Management, LLC	8,427	$203,427

Filter: New 15 Increased 93 Reduced 56 Sold out 10 Unchanged 15

Holder type: Registered adviser 126 Adviser 1 Bank 2 Unknown 50

Showing 100 of 179

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

WEALTH ENHANCEMENT ADVISORY SERVICES, LLC SCHO

$106,870,753

8.96%

4,479,076

Moisand Fitzgerald Tamayo, LLC SCHO

$105,284,993

8.83%

4,412,615

Bangor Savings Bank SCHO

$66,045,147

5.54%

2,768,028

LVW Advisors, LLC SCHO

$57,534,548

4.83%

2,411,339

FIDUCIARY FINANCIAL GROUP, LLC SCHO

$56,191,874

4.71%

2,355,066

TruNorth Capital Management, LLC SCHO

$53,365,753

4.48%

2,236,620

High Probability Advisors, LLC SCHO

$43,894,072

3.68%

1,839,651

STEPHENS GROUP ASSET MANAGEMENT, LLC SCHO

$40,862,039

3.43%

1,712,575

MassMutual Private Wealth & Trust, FSB SCHO

$40,450,740

3.39%

1,695,337

DAVENPORT & Co LLC SCHO

$39,264,135

3.29%

1,645,605

MBM WEALTH CONSULTANTS, LLC SCHO

$28,632,286

2.40%

1,200,012

Avior Wealth Management, LLC SCHO

$27,172,006

2.28%

1,138,810

Charles Schwab Trust Co SCHO

$25,847,370

2.17%

1,083,293

Holcombe Financial, Inc. SCHO

$24,827,642

2.08%

1,040,555

Galvin, Gaustad & Stein, LLC SCHO

$22,647,577

1.90%

949,186

NOVEM GROUP SCHO

$20,660,992

1.73%

865,926

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

Manager	Shares	Value (USD)	% of position	Discretion
SmartX Technology Solutions Inc.	4,942	$117,915	0.6%	Sole
Held directly	860,984	$20,543,077	99.4%	Defined

Prairiewood Capital, LLC SCHO

$16,658,216

1.40%

698,165

Robinswood Financial LLC SCHO

$16,545,072

1.39%

693,423

AdvisorNet Financial, Inc SCHO

$16,442,570

1.38%

689,127

Avidian Wealth Enterprises, LLC SCHO

$16,050,645

1.35%

672,701

Arnold Financial Planning LLC SCHO

$15,044,374

1.26%

630,527

Stonebridge Financial Group, LLC SCHO

$14,496,978

1.22%

607,585

Farther Finance Advisors, LLC SCHO

$14,131,299

1.19%

592,259

Towneley Capital Management, Inc / DE SCHO

$13,428,002

1.13%

562,783

Wealth Forward, LLC SCHO

$12,996,613

1.09%

544,703

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

Manager	Shares	Value (USD)	% of position	Discretion
Prairiewood Capital, LLC	544,703	$12,996,613	100.0%	Other

Peterson Wealth Advisors, LLC SCHO

$12,673,978

1.06%

531,181

Marotta Asset Management SCHO

$12,568,350

1.05%

526,754

Blue Sky Capital Consultants Group, Inc. SCHO

$12,526,094

1.05%

524,983

SIMS INVESTMENT MANAGEMENT, LLC SCHO

$11,254,356

0.94%

471,683

BROWN WEALTH MANAGEMENT, LLC SCHO

$10,298,381

0.86%

431,617

Rosenberg Matthew Hamilton SCHO

$9,766,446

0.82%

409,323

Maltin Wealth Management, Inc. SCHO

$9,759,336

0.82%

409,025

Western Reserve Capital Management, LLC SCHO

$9,548,986

0.80%

400,209

SMI Advisory Services, LLC SCHO

$7,663,616

0.64%

321,191

Castle Rock Wealth Management, LLC SCHO

$7,624,343

0.64%

319,545

Plan A Wealth LLC SCHO

$7,413,111

0.62%

310,692

ISLAY CAPITAL MANAGEMENT, LLC SCHO

$7,035,598

0.59%

294,870

Grove Street Fiduciary, LLC SCHO

$6,891,030

0.58%

288,811

Apella Capital, LLC SCHO

$5,783,783

0.49%

242,405

Successful Portfolios LLC SCHO

$5,757,585

0.48%

241,307

CLIFTONLARSONALLEN WEALTH ADVISORS, LLC SCHO

$5,386,490

0.45%

225,754

Bigelow Investment Advisors, LLC SCHO

$5,193,964

0.44%

217,685

BFI Wealth Solutions, LLC SCHO

$4,789,059

0.40%

200,715

Resonant Capital Advisors, LLC SCHO

$4,608,272

0.39%

193,138

ZynergyRetirementPlanningLLC SCHO

$4,427,127

0.37%

185,546

Harrington Investments, INC SCHO

$4,243,119

0.36%

177,834

Focus Financial Network, Inc. SCHO

$4,056,176

0.34%

169,999

Dynamic Advisor Solutions LLC SCHO

$4,048,016

0.34%

169,657

WT Wealth Management SCHO

$4,015,017

0.34%

168,274

Versant Capital Management, Inc SCHO

$3,685,153

0.31%

154,449

Investment Research Partners LLC SCHO

$3,584,177

0.30%

150,217

Cornerstone Wealth Advisors, Inc. SCHO

$3,574,466

0.30%

149,810

PARK NATIONAL CORP /OH/ SCHO

$3,377,597

0.28%

141,559

TrustWell Financial Advisors, LLC SCHO

$3,114,326

0.26%

130,525

Eagle Strategies LLC SCHO

$3,078,560

0.26%

129,026

ETF Store, Inc. SCHO

$3,042,770

0.26%

127,526

SigFig Wealth Management, LLC SCHO

$3,029,313

0.25%

126,962

Asset Allocation Strategies LLC SCHO

$3,022,059

0.25%

126,658

SIMA Wealth Partners, LLC SCHO

$3,002,231

0.25%

125,827

Keystone Global Partners, LLC SCHO

$2,900,453

0.24%

121,561,318

XY Planning Network, Inc. SCHO

$2,896,126

0.24%

121,380

North Forty Two & Co. SCHO

$2,639,059

0.22%

110,606

Carnegie Investment Counsel SCHO

$2,432,908

0.20%

101,966

Compass Financial Group, INC/SD SCHO

$2,368,057

0.20%

99,248

New Hampshire Trust SCHO

$2,360,397

0.20%

98,927

IFP Advisors, Inc SCHO

$2,356,342

0.20%

98,757

Prime Capital Investment Advisors, LLC SCHO

$2,222,606

0.19%

93,152

Blue Capital, Inc. SCHO

$2,199,223

0.18%

92,172

SHEETS SMITH WEALTH MANAGEMENT SCHO

$2,170,281

0.18%

90,959

Centurion Wealth Management LLC SCHO

$2,136,877

0.18%

89,559

RCS Financial Planning, LLC SCHO

$2,003,404

0.17%

83,965

JUNCTURE WEALTH STRATEGIES, LLC SCHO

$1,803,481

0.15%

75,586

Traveka Wealth, LLC SCHO

$1,667,670

0.14%

69,894

Breakwater Investment Management SCHO

$1,634,386

0.14%

68,499

Innovative Wealth Building LLC SCHO

$1,617,612

0.14%

67,796

DBK Financial Counsel, LLC SCHO

$1,399,866

0.12%

58,670

ARK & TLK INVESTMENTS, LLC SCHO

$1,379,442

0.12%

57,814

Great Waters Wealth Management SCHO

$1,325,661

0.11%

55,560

HIGHLINE WEALTH PARTNERS LLC SCHO

$1,321,247

0.11%

55,375

Tempus Wealth Planning, LLC SCHO

$1,319,935

0.11%

55,320

Saxony Capital Management, LLC SCHO

$1,246,374

0.10%

52,237

Upper Left Wealth Management, LLC SCHO

$1,226,857

0.10%

51,419

Aventus Investment Advisors, Inc. SCHO

$1,213,090

0.10%

50,842

Veery Capital, LLC SCHO

$1,195,242

0.10%

50,094

Concurrent Investment Advisors, LLC SCHO

$1,123,304

0.09%

47,079

Downshift Financial, LLC SCHO

$1,110,850

0.09%

46,557

Twele Capital Management, Inc. SCHO

$1,090,234

0.09%

45,693

ARS Wealth Advisors Group, LLC SCHO

$1,083,172

0.09%

45,397

Family Investment Center, Inc. SCHO

$998,016

0.08%

41,828

INDEPENDENT FINANCIAL GROUP, LLC SCHO

$973,822

0.08%

40,814

LifePlan Financial, LLC SCHO

$972,366

0.08%

40,753

DIVERSIFY WEALTH MANAGEMENT, LLC SCHO

$917,918

0.08%

38,471

Diversify Advisory Services, LLC SCHO

$917,918

0.08%

38,471

Mendota Financial Group, LLC SCHO

$909,400

0.08%

38,114

SIGNATURE ESTATE & INVESTMENT ADVISORS LLC SCHO

$880,624

0.07%

36,908

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	316	$7,539	0.9%	Defined
Held directly	36,592	$873,085	99.1%	Sole

Beacon Financial Advisory LLC SCHO

$818,851

0.07%

34,319

First County Bank /CT/ SCHO

$811,550

0.07%

34,013

Elmwood Wealth Management, Inc. SCHO

$811,240

0.07%

34,000

Cambridge Advisors Inc. SCHO

$782,512

0.07%

32,796

SMITHBRIDGE ASSET MANAGEMENT INC/DE SCHO

$781,725

0.07%

32,763

Showing the top 100 of 179 holders. Create a free account to see every holder, past quarters, search, filters and CSV export.