Who owns SCHA (SCHA)
Which tracked institutional funds hold SCHA, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See SCHA company fundamentals →
Ownership as of the 2026-Q1 13F filings. 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
175 tracked funds added or opened SCHA while 94 trimmed or exited it between 2025-Q4 and 2026-Q1 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
SCHA’s largest tracked holder by dollar value, Empower Advisory Group, LLC, sizes it at 2.8% of its own reported 13F book, while the median holder sizes it at 0.6% of theirs — a 2.2pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in SCHA divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2025-Q4 and 2026-Q1, across 1244 tracked filers holding SCHA, 557 increased or opened the position and 553 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in SCHA between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 26
- L2 Asset Management, LLC$10M
- Independent Advisor Alliance$3M
- CMH Wealth Management LLC$2M
- HANSEATIC MANAGEMENT SERVICES INC$2M
- CIBC Bancorp USA Inc.$2M
- Strategic Financial Concepts, LLC$2M
Full exits 29
- Strategic Financial Planning, Inc.$20M
- Main Street Financial Solutions, LLC$16M
- Tidal Investments LLC$12M
- MARSHALL WACE, LLP$7M
- Liberty Capital Management, Inc.$4M
- SYKON CAPITAL LLC$3M
Largest adds
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$168M
- Empower Advisory Group, LLC$104M
- UBS Group AG$35M
- ENVESTNET ASSET MANAGEMENT INC$21M
- Mariner, LLC$16M
- STATE FARM MUTUAL AUTOMOBILE INSURANCE CO$12M
Largest trims
- Valpey Financial Services, LLC$124M
- RMG Wealth Management LLC$113M
- BANK OF AMERICA CORP /DE/$69M
- WEALTH ENHANCEMENT ADVISORY SERVICES, LLC$52M
- Creative Planning$19M
- Baird Financial Group, Inc.$7M
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| Empower Advisory Group, LLC added | 36,903,750 | $1.1B | 19.5% | 2026-Q1 |
| SEI INVESTMENTS CO trimmed | 14,734,817 | $428M | 7.8% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 14,587,526 | $424M | 7.7% | 2026-Q1 |
| Creative Planning trimmed | 5,992,974 | $174M | 3.2% | 2026-Q1 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 5,804,013 | $169M | 3.1% | 2026-Q1 |
| UBS Group AG added | 5,129,724 | $149M | 2.7% | 2026-Q1 |
| Financial Engines Advisors L.L.C. trimmed | 4,583,359 | $133M | 2.4% | 2026-Q1 |
| Advisory Alpha, LLC trimmed | 3,881,816 | $113M | 2.1% | 2026-Q1 |
| Cerity Partners LLC added | 3,844,244 | $112M | 2.0% | 2026-Q1 |
| Mariner, LLC added | 3,386,087 | $98M | 1.8% | 2026-Q1 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 2,688,510 | $79M | 1.4% | 2026-Q1 |
| LPL Financial LLC added | 2,697,192 | $78M | 1.4% | 2026-Q1 |
| Steele Capital Management, Inc. trimmed | 2,262,086 | $66M | 1.2% | 2026-Q1 |
| VANTAGEPOINT INVESTMENT ADVISERS LLC trimmed | 2,027,244 | $59M | 1.1% | 2026-Q1 |
| MONETA GROUP INVESTMENT ADVISORS LLC added | 2,025,667 | $59M | 1.1% | 2026-Q1 |
| MERCER GLOBAL ADVISORS INC /ADV trimmed | 2,008,641 | $58M | 1.1% | 2026-Q1 |
| OSAIC HOLDINGS, INC. added | 1,842,691 | $54M | 1.0% | 2026-Q1 |
| Betterment LLC added | 1,839,896 | $54M | 1.0% | 2026-Q1 |
| JONES FINANCIAL COMPANIES LLLP added | 1,869,605 | $53M | 1.0% | 2026-Q1 |
| HighTower Advisors, LLC trimmed | 1,782,550 | $52M | 0.9% | 2026-Q1 |
| New York Life Investment Management LLC added | 1,771,690 | $52M | 0.9% | 2026-Q1 |
| SIMS INVESTMENT MANAGEMENT, LLC trimmed | 1,734,769 | $50M | 0.9% | 2026-Q1 |
| RMG Wealth Management LLC trimmed | 1,500,409 | $50M | 0.9% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 1,650,074 | $48M | 0.9% | 2026-Q1 |
| 93 Financial Group, LLC trimmed | 1,608,645 | $47M | 0.9% | 2026-Q1 |
| MORGAN STANLEY trimmed | 1,601,927 | $47M | 0.8% | 2026-Q1 |
| CoreCap Advisors, LLC added | 1,594,940 | $46M | 0.8% | 2026-Q1 |
| Gemmer Asset Management LLC added | 1,521,296 | $44M | 0.8% | 2026-Q1 |
| Golden Reserve Retirement LLC trimmed | 1,500,790 | $44M | 0.8% | 2026-Q1 |
| Savant Capital, LLC trimmed | 1,464,613 | $43M | 0.8% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC trimmed | 1,400,172 | $41M | 0.7% | 2026-Q1 |
| Corient Private Wealth LLC trimmed | 1,384,923 | $40M | 0.7% | 2026-Q1 |
| Kohmann Bosshard Financial Services, LLC added | 1,375,800 | $40M | 0.7% | 2026-Q1 |
| Focus Partners Wealth trimmed | 1,313,049 | $38M | 0.7% | 2026-Q1 |
| Cetera Investment Advisers added | 1,271,774 | $37M | 0.7% | 2026-Q1 |
| Mokosak Advisory Group, LLC trimmed | 1,196,865 | $35M | 0.6% | 2026-Q1 |
| RAINEY & RANDALL WEALTH ADVISORS INC. trimmed | 1,181,707 | $34M | 0.6% | 2026-Q1 |
| CAPTRUST FINANCIAL ADVISORS added | 1,106,106 | $32M | 0.6% | 2026-Q1 |
| JOHNSON INVESTMENT COUNSEL INC added | 1,045,004 | $30M | 0.6% | 2026-Q1 |
| Beacon Pointe Advisors, LLC added | 1,044,296 | $30M | 0.6% | 2026-Q1 |
| BlueSky Wealth Advisors, LLC added | 1,039,134 | $30M | 0.5% | 2026-Q1 |
| KLINGENSTEIN FIELDS & CO LP trimmed | 1,028,297 | $30M | 0.5% | 2026-Q1 |
| Kestra Advisory Services, LLC added | 989,759 | $29M | 0.5% | 2026-Q1 |
| Noble Family Wealth, LLC added | 986,306 | $29M | 0.5% | 2026-Q1 |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO added | 985,135 | $29M | 0.5% | 2026-Q1 |
| CLIFTONLARSONALLEN WEALTH ADVISORS, LLC added | 966,196 | $28M | 0.5% | 2026-Q1 |
| ForthRight Wealth Management, LLC added | 954,561 | $28M | 0.5% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 941,688 | $27M | 0.5% | 2026-Q1 |
| TruNorth Capital Management, LLC trimmed | 915,652 | $27M | 0.5% | 2026-Q1 |
| Chicago Partners Investment Group LLC added | 821,213 | $26M | 0.5% | 2026-Q1 |
| Dynamic Advisor Solutions LLC added | 877,551 | $26M | 0.5% | 2026-Q1 |
| OLD NATIONAL BANCORP /IN/ added | 869,249 | $25M | 0.5% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 848,452 | $25M | 0.4% | 2026-Q1 |
| FIDELIS iM, LLC added | 848,134 | $25M | 0.4% | 2026-Q1 |
| Charles Schwab Trust Co added | 817,522 | $24M | 0.4% | 2026-Q1 |
| Legacy Wealth Management, LLC trimmed | 814,448 | $24M | 0.4% | 2026-Q1 |
| Joule Financial, LLC trimmed | 796,701 | $23M | 0.4% | 2026-Q1 |
| Visionary Wealth Advisors added | 786,564 | $23M | 0.4% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. added | 775,194 | $23M | 0.4% | 2026-Q1 |
| EXCHANGE TRADED CONCEPTS, LLC added | 746,866 | $22M | 0.4% | 2026-Q1 |
| Summit Financial Strategies, Inc. trimmed | 740,763 | $22M | 0.4% | 2026-Q1 |
| White & Co Financial Planning Inc trimmed | 728,443 | $21M | 0.4% | 2026-Q1 |
| Ascension Capital Advisors, Inc. added | 710,716 | $21M | 0.4% | 2026-Q1 |
| SAGE FINANCIAL GROUP INC added | 704,058 | $20M | 0.4% | 2026-Q1 |
| Merit Financial Group, LLC added | 698,182 | $20M | 0.4% | 2026-Q1 |
| JPMORGAN CHASE & CO trimmed | 693,924 | $19M | 0.4% | 2026-Q1 |
| Waterford Advisors, LLC added | 684,686 | $19M | 0.3% | 2026-Q1 |
| Seneca Financial Advisors LLC added | 632,949 | $18M | 0.3% | 2026-Q1 |
| Clearwater Capital Advisors, LLC added | 624,063 | $18M | 0.3% | 2026-Q1 |
| SUMMIT WEALTH & RETIREMENT PLANNING, INC. added | 593,940 | $17M | 0.3% | 2026-Q1 |
| ZynergyRetirementPlanningLLC trimmed | 571,593 | $17M | 0.3% | 2026-Q1 |
| Modern Wealth Management, LLC added | 562,920 | $17M | 0.3% | 2026-Q1 |
| Matrix Trust Co trimmed | 549,098 | $16M | 0.3% | 2026-Q1 |
| Bangor Savings Bank trimmed | 541,218 | $16M | 0.3% | 2026-Q1 |
| Prime Capital Investment Advisors, LLC trimmed | 487,631 | $14M | 0.3% | 2026-Q1 |
| RKL Wealth Management LLC trimmed | 486,494 | $14M | 0.3% | 2026-Q1 |
| IMA Advisory Services, Inc. added | 483,863 | $14M | 0.3% | 2026-Q1 |
| St. Louis Trust Co trimmed | 473,953 | $14M | 0.3% | 2026-Q1 |
| HHM Wealth Advisors, LLC added | 465,370 | $14M | 0.2% | 2026-Q1 |
| MAI Capital Management added | 461,030 | $13M | 0.2% | 2026-Q1 |
| NORTH STAR ASSET MANAGEMENT INC added | 460,464 | $13M | 0.2% | 2026-Q1 |
| Missouri Trust & Investment Co added | 449,823 | $13M | 0.2% | 2026-Q1 |
| St. Johns Investment Management Company, LLC added | 441,971 | $13M | 0.2% | 2026-Q1 |
| APPLETON PARTNERS INC/MA added | 439,134 | $13M | 0.2% | 2026-Q1 |
| Lido Advisors, LLC trimmed | 432,733 | $13M | 0.2% | 2026-Q1 |
| Empirical Financial Services, LLC d.b.a. Empirical Wealth Management trimmed | 429,202 | $12M | 0.2% | 2026-Q1 |
| Christensen, King & Associates Investment Services, Inc. trimmed | 415,889 | $12M | 0.2% | 2026-Q1 |
| Focus Financial Network, Inc. trimmed | 414,071 | $12M | 0.2% | 2026-Q1 |
| US BANCORP \DE\ trimmed | 410,300 | $12M | 0.2% | 2026-Q1 |
| Waverly Advisors, LLC trimmed | 408,316 | $12M | 0.2% | 2026-Q1 |
| Tradition Wealth Management, LLC added | 404,904 | $12M | 0.2% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 399,206 | $12M | 0.2% | 2026-Q1 |
| Marcum Wealth, LLC trimmed | 2,072,513 | $49M | 0.9% | 2025-Q1 stale |
| MARSHALL FINANCIAL GROUP INC /ADV trimmed | 721,038 | $20M | 0.4% | 2025-Q3 stale |
| Strategic Financial Planning, Inc. trimmed | 704,165 | $20M | 0.4% | 2025-Q4 stale |
| WELLINGTON MANAGEMENT GROUP LLP new | 646,019 | $18M | 0.3% | 2025-Q3 stale |
| Burt Wealth Advisors added | 604,103 | $17M | 0.3% | 2025-Q3 stale |
| FIRST NATIONAL CORP /MA/ /ADV added | 591,472 | $17M | 0.3% | 2025-Q3 stale |
| Main Street Financial Solutions, LLC trimmed | 571,325 | $16M | 0.3% | 2025-Q4 stale |
| Tidal Investments LLC trimmed | 420,894 | $12M | 0.2% | 2025-Q4 stale |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.