Who owns Schwab U.S. Small-Cap ETF (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-Q2 13F filings (latest filed 2026-08-19). 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
The tracked-fund tape on SCHA is one-sided between 2026-Q1 and 2026-Q2: 509 added or opened and 60 trimmed or exited — on balance accumulating.
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 3.2% of its own reported 13F book, while the median holder sizes it at 0.6% of theirs — a 2.7pp 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 2026-Q1 and 2026-Q2, across 1311 tracked filers holding SCHA, 611 increased or opened the position and 590 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 2026-Q1 and 2026-Q2 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 34
- Strategic Financial Planning, Inc.$22M
- TWO SIGMA INVESTMENTS, LP$20M
- AVALON CAPITAL MANAGEMENT$12M
- Diversify Advisory Services, LLC$12M
- Tower Research Capital LLC (TRC)$6M
- FIDUCIARY FINANCIAL ADVISORS$6M
Full exits 39
- Betterment LLC$54M
- HighTower Advisors, LLC$52M
- Cambridge Investment Research Advisors, Inc.$23M
- Matrix Trust Co$16M
- APPLETON PARTNERS INC/MA$13M
- L2 Asset Management, LLC$10M
Largest adds
- Empower Advisory Group, LLC$289M
- SEI INVESTMENTS CO$74M
- BANK OF AMERICA CORP /DE/$73M
- Savant Capital, LLC$52M
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$52M
- Creative Planning$38M
Largest trims
- GOLDMAN SACHS GROUP INC$11M
- St. Louis Trust Co$10M
- UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC$9M
- PFG Advisors$3M
- Cynosure Group, LLC$3M
- Independent Advisor Alliance$3M
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| Empower Advisory Group, LLC added | 37,697,754 | $1.4B | 20.5% | 2026-Q2 |
| SEI INVESTMENTS CO trimmed | 13,908,960 | $503M | 7.6% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 13,753,548 | $497M | 7.5% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 6,100,987 | $220M | 3.3% | 2026-Q2 |
| Creative Planning trimmed | 5,873,670 | $212M | 3.2% | 2026-Q2 |
| UBS Group AG added | 5,171,149 | $187M | 2.8% | 2026-Q2 |
| Financial Engines Advisors L.L.C. trimmed | 4,190,988 | $151M | 2.3% | 2026-Q2 |
| Cerity Partners LLC added | 4,000,364 | $136M | 2.1% | 2026-Q2 |
| Advisory Alpha, LLC trimmed | 3,796,240 | $137M | 2.1% | 2026-Q2 |
| Mariner, LLC trimmed | 3,288,410 | $119M | 1.8% | 2026-Q2 |
| Savant Capital, LLC added | 2,917,095 | $95M | 1.4% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC added | 2,788,801 | $97M | 1.5% | 2026-Q2 |
| LPL Financial LLC trimmed | 2,640,354 | $95M | 1.4% | 2026-Q2 |
| Steele Capital Management, Inc. added | 2,273,743 | $82M | 1.2% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP added | 2,113,728 | $75M | 1.1% | 2026-Q2 |
| MONETA GROUP INVESTMENT ADVISORS LLC added | 2,090,236 | $76M | 1.1% | 2026-Q2 |
| MERCER GLOBAL ADVISORS INC /ADV added | 2,030,619 | $73M | 1.1% | 2026-Q2 |
| VANTAGEPOINT INVESTMENT ADVISERS LLC | 2,027,244 | $73M | 1.1% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 1,900,593 | $69M | 1.0% | 2026-Q2 |
| SIMS INVESTMENT MANAGEMENT, LLC trimmed | 1,734,453 | $63M | 0.9% | 2026-Q2 |
| New York Life Investment Management LLC trimmed | 1,694,799 | $61M | 0.9% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 1,675,695 | $61M | 0.9% | 2026-Q2 |
| Focus Partners Wealth added | 1,667,957 | $60M | 0.9% | 2026-Q2 |
| CoreCap Advisors, LLC added | 1,656,885 | $60M | 0.9% | 2026-Q2 |
| MORGAN STANLEY trimmed | 1,598,877 | $58M | 0.9% | 2026-Q2 |
| Golden Reserve Retirement LLC added | 1,526,535 | $55M | 0.8% | 2026-Q2 |
| Gemmer Asset Management LLC trimmed | 1,517,147 | $55M | 0.8% | 2026-Q2 |
| 93 Financial Group, LLC trimmed | 1,508,904 | $55M | 0.8% | 2026-Q2 |
| RMG Wealth Management LLC added | 1,502,429 | $53M | 0.8% | 2026-Q2 |
| Kohmann Bosshard Financial Services, LLC added | 1,442,916 | $52M | 0.8% | 2026-Q2 |
| Cetera Investment Advisers added | 1,329,913 | $48M | 0.7% | 2026-Q2 |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO added | 1,313,111 | $47M | 0.7% | 2026-Q2 |
| Corient Private Wealth LP trimmed | 1,259,435 | $46M | 0.7% | 2026-Q2 |
| Mokosak Advisory Group, LLC trimmed | 1,183,905 | $43M | 0.6% | 2026-Q2 |
| RAINEY & RANDALL WEALTH ADVISORS INC. trimmed | 1,176,951 | $43M | 0.6% | 2026-Q2 |
| CAPTRUST FINANCIAL ADVISORS added | 1,142,727 | $41M | 0.6% | 2026-Q2 |
| JOHNSON INVESTMENT COUNSEL INC added | 1,133,550 | $41M | 0.6% | 2026-Q2 |
| BlueSky Wealth Advisors, LLC added | 1,096,973 | $40M | 0.6% | 2026-Q2 |
| Kestra Advisory Services, LLC added | 1,018,703 | $37M | 0.6% | 2026-Q2 |
| Beacon Pointe Advisors, LLC trimmed | 997,223 | $36M | 0.5% | 2026-Q2 |
| KLINGENSTEIN FIELDS & CO LP trimmed | 991,435 | $36M | 0.5% | 2026-Q2 |
| Noble Family Wealth, LLC added | 988,541 | $36M | 0.5% | 2026-Q2 |
| TruNorth Capital Management, LLC added | 947,282 | $34M | 0.5% | 2026-Q2 |
| ForthRight Wealth Management, LLC trimmed | 942,364 | $34M | 0.5% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC trimmed | 935,401 | $34M | 0.5% | 2026-Q2 |
| Dynamic Advisor Solutions LLC added | 899,273 | $32M | 0.5% | 2026-Q2 |
| EXCHANGE TRADED CONCEPTS, LLC added | 892,690 | $32M | 0.5% | 2026-Q2 |
| Merit Financial Group, LLC added | 874,953 | $32M | 0.5% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 869,757 | $31M | 0.5% | 2026-Q2 |
| Charles Schwab Trust Co added | 869,300 | $31M | 0.5% | 2026-Q2 |
| Chicago Partners Investment Group LLC added | 860,517 | $29M | 0.4% | 2026-Q2 |
| CLIFTONLARSONALLEN WEALTH ADVISORS, LLC trimmed | 858,257 | $31M | 0.5% | 2026-Q2 |
| FIDELIS iM, LLC trimmed | 840,682 | $30M | 0.5% | 2026-Q2 |
| OLD NATIONAL BANCORP /IN/ trimmed | 838,856 | $30M | 0.5% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC trimmed | 830,684 | $30M | 0.5% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 782,025 | $28M | 0.4% | 2026-Q2 |
| Joule Financial, LLC trimmed | 776,769 | $28M | 0.4% | 2026-Q2 |
| Legacy Wealth Management, LLC trimmed | 732,766 | $26M | 0.4% | 2026-Q2 |
| Seneca Financial Advisors LLC added | 712,389 | $26M | 0.4% | 2026-Q2 |
| SAGE FINANCIAL GROUP INC added | 711,360 | $26M | 0.4% | 2026-Q2 |
| White & Co Financial Planning Inc trimmed | 707,188 | $26M | 0.4% | 2026-Q2 |
| Ascension Capital Advisors, Inc. trimmed | 703,738 | $25M | 0.4% | 2026-Q2 |
| Waterford Advisors, LLC added | 702,414 | $25M | 0.4% | 2026-Q2 |
| Visionary Wealth Advisors trimmed | 635,327 | $23M | 0.3% | 2026-Q2 |
| Summit Financial Strategies, Inc. trimmed | 634,987 | $23M | 0.3% | 2026-Q2 |
| SUMMIT WEALTH & RETIREMENT PLANNING, INC. added | 614,388 | $22M | 0.3% | 2026-Q2 |
| Strategic Financial Planning, Inc. trimmed | 605,509 | $22M | 0.3% | 2026-Q2 |
| Clearwater Capital Advisors, LLC trimmed | 602,201 | $22M | 0.3% | 2026-Q2 |
| Main Street Financial Solutions, LLC added | 600,008 | $22M | 0.3% | 2026-Q2 |
| ZynergyRetirementPlanningLLC trimmed | 565,809 | $20M | 0.3% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP added | 546,800 | $20M | 0.3% | 2026-Q2 |
| Modern Wealth Management, LLC trimmed | 538,864 | $19M | 0.3% | 2026-Q2 |
| Bangor Savings Bank trimmed | 517,818 | $19M | 0.3% | 2026-Q2 |
| OneDigital Investment Advisors LLC added | 509,519 | $18M | 0.3% | 2026-Q2 |
| JPMORGAN CHASE & CO trimmed | 502,628 | $18M | 0.3% | 2026-Q2 |
| IMA Advisory Services, Inc. added | 496,630 | $18M | 0.3% | 2026-Q2 |
| MAI Capital Management added | 486,058 | $18M | 0.3% | 2026-Q2 |
| RKL Wealth Management LLC trimmed | 480,896 | $17M | 0.3% | 2026-Q2 |
| HHM Wealth Advisors, LLC added | 479,778 | $17M | 0.3% | 2026-Q2 |
| Prime Capital Investment Advisors, LLC trimmed | 479,299 | $17M | 0.3% | 2026-Q2 |
| NORTH STAR ASSET MANAGEMENT INC added | 473,999 | $17M | 0.3% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC added | 465,595 | $17M | 0.3% | 2026-Q2 |
| Missouri Trust & Investment Co trimmed | 442,107 | $15M | 0.2% | 2026-Q2 |
| St. Johns Investment Management Company, LLC trimmed | 432,684 | $16M | 0.2% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC added | 428,306 | $15M | 0.2% | 2026-Q2 |
| Lido Advisors, LLC trimmed | 416,410 | $15M | 0.2% | 2026-Q2 |
| FMR LLC added | 415,333 | $15M | 0.2% | 2026-Q2 |
| Empirical Financial Services, LLC d.b.a. Empirical Wealth Management trimmed | 414,348 | $15M | 0.2% | 2026-Q2 |
| Sightline Wealth Advisors, LLC added | 410,967 | $15M | 0.2% | 2026-Q2 |
| US BANCORP \DE\ added | 410,907 | $15M | 0.2% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 407,942 | $15M | 0.2% | 2026-Q2 |
| Christensen, King & Associates Investment Services, Inc. trimmed | 406,286 | $15M | 0.2% | 2026-Q2 |
| Tradition Wealth Management, LLC added | 405,312 | $15M | 0.2% | 2026-Q2 |
| Integrated Wealth Concepts LLC added | 404,486 | $15M | 0.2% | 2026-Q2 |
| Lutz Financial Services LLC trimmed | 390,473 | $14M | 0.2% | 2026-Q2 |
| Focus Financial Network, Inc. trimmed | 387,046 | $14M | 0.2% | 2026-Q2 |
| Essex LLC trimmed | 386,220 | $14M | 0.2% | 2026-Q2 |
| Tiller Private Wealth, Inc. trimmed | 385,569 | $14M | 0.2% | 2026-Q2 |
| Waverly Advisors, LLC trimmed | 382,496 | $14M | 0.2% | 2026-Q2 |
| Strategic Family Wealth Counselors, L.L.C. added | 375,833 | $14M | 0.2% | 2026-Q2 |
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.