Who owns Schwab U.S. Broad Market ETF (SCHB)
Which tracked institutional funds hold SCHB, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See SCHB 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 SCHB is one-sided between 2026-Q1 and 2026-Q2: 518 added or opened and 68 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
SCHB’s largest tracked holder by dollar value, Wealthfront Advisers LLC, sizes it at 2.9% of its own reported 13F book, while the median holder sizes it at 2.8% of theirs — a 0.1pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in SCHB 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 1349 tracked filers holding SCHB, 653 increased or opened the position and 571 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 SCHB 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 37
- Strategic Financial Planning, Inc.$24M
- Fairlight Advisors$20M
- Liberty Capital Management, Inc.$18M
- Phillip James Consulting Co.$10M
- BRIGHTON JONES LLC$8M
- BALLAST ADVISORS LLC$8M
Full exits 41
- Betterment LLC$395M
- HighTower Advisors, LLC$225M
- Evensky & Katz LLC$205M
- Hanson & Doremus Investment Management$177M
- Cambridge Investment Research Advisors, Inc.$43M
- CWM, LLC$42M
Largest adds
- UBS Group AG$199M
- Wealthfront Advisers LLC$170M
- Savant Capital, LLC$86M
- Gallagher Fiduciary Advisors, LLC$76M
- REBALANCE, LLC$48M
- SCS Capital Management LLC$45M
Largest trims
- HORAN Wealth, LLC$11M
- Genesee Capital Advisors, LLC$10M
- Private Advisor Group, LLC$7M
- BANK OF AMERICA CORP /DE/$7M
- Members Advisory Group LLC$6M
- Roger Wittlin Investment Advisory, LLC$4M
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 |
|---|---|---|---|---|
| Wealthfront Advisers LLC trimmed | 51,435,009 | $1.5B | 13.9% | 2026-Q2 |
| UBS Group AG added | 48,933,766 | $1.4B | 13.3% | 2026-Q2 |
| REBALANCE, LLC trimmed | 14,738,453 | $427M | 4.0% | 2026-Q2 |
| SCS Capital Management LLC trimmed | 11,934,362 | $346M | 3.2% | 2026-Q2 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed | 11,427,853 | $331M | 3.1% | 2026-Q2 |
| Strid Group, LLC trimmed | 8,576,683 | $248M | 2.3% | 2026-Q2 |
| HENGEHOLD CAPITAL MANAGEMENT LLC trimmed | 7,640,636 | $221M | 2.1% | 2026-Q2 |
| HB Wealth Management, LLC trimmed | 6,571,056 | $190M | 1.8% | 2026-Q2 |
| Evergreen Advisors, LLC added | 6,300,530 | $182M | 1.7% | 2026-Q2 |
| Forvis Mazars Wealth Advisors, LLC trimmed | 6,148,772 | $178M | 1.7% | 2026-Q2 |
| HT Partners LLC trimmed | 6,067,895 | $176M | 1.6% | 2026-Q2 |
| Savant Capital, LLC added | 5,943,212 | $161M | 1.5% | 2026-Q2 |
| TruNorth Capital Management, LLC added | 5,449,167 | $158M | 1.5% | 2026-Q2 |
| HHM Wealth Advisors, LLC added | 5,258,356 | $152M | 1.4% | 2026-Q2 |
| AlphaCore Capital LLC trimmed | 5,233,490 | $152M | 1.4% | 2026-Q2 |
| Mariner, LLC trimmed | 4,683,545 | $136M | 1.3% | 2026-Q2 |
| Accredited Investors Inc. trimmed | 4,443,846 | $129M | 1.2% | 2026-Q2 |
| Morton Brown Family Wealth, LLC added | 4,261,509 | $123M | 1.2% | 2026-Q2 |
| Compass Financial Group, INC/SD added | 3,894,102 | $113M | 1.1% | 2026-Q2 |
| CAPTRUST FINANCIAL ADVISORS trimmed | 3,654,324 | $106M | 1.0% | 2026-Q2 |
| Waverly Advisors, LLC added | 3,529,934 | $102M | 1.0% | 2026-Q2 |
| MORGAN STANLEY added | 3,458,745 | $100M | 0.9% | 2026-Q2 |
| MANCHESTER FINANCIAL INC trimmed | 3,381,852 | $98M | 0.9% | 2026-Q2 |
| Creative Planning added | 3,300,545 | $96M | 0.9% | 2026-Q2 |
| Ballentine Partners, LLC trimmed | 3,253,122 | $94M | 0.9% | 2026-Q2 |
| HBK Sorce Advisory LLC added | 3,151,706 | $94M | 0.9% | 2026-Q2 |
| Quantinno Capital Management LP added | 3,087,207 | $89M | 0.8% | 2026-Q2 |
| LPL Financial LLC added | 2,973,417 | $86M | 0.8% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP added | 2,970,765 | $84M | 0.8% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 2,882,036 | $83M | 0.8% | 2026-Q2 |
| NORTH STAR ASSET MANAGEMENT INC added | 2,772,864 | $80M | 0.8% | 2026-Q2 |
| Asset Advisors Investment Management, LLC trimmed | 2,739,361 | $79M | 0.7% | 2026-Q2 |
| BROWN ADVISORY INC added | 2,718,247 | $79M | 0.7% | 2026-Q2 |
| Gallagher Fiduciary Advisors, LLC trimmed | 2,708,469 | $78M | 0.7% | 2026-Q2 |
| Legacy Financial Strategies, LLC added | 2,665,380 | $77M | 0.7% | 2026-Q2 |
| Circle Wealth Management, LLC trimmed | 2,635,156 | $76M | 0.7% | 2026-Q2 |
| D L CARLSON INVESTMENT GROUP INC added | 2,592,207 | $75M | 0.7% | 2026-Q2 |
| MYECFO, LLC added | 2,577,055 | $75M | 0.7% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 2,536,461 | $73M | 0.7% | 2026-Q2 |
| Bluespring Wealth Management, LLC added | 2,529,349 | $73M | 0.7% | 2026-Q2 |
| CLIFTONLARSONALLEN WEALTH ADVISORS, LLC trimmed | 2,527,684 | $73M | 0.7% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC added | 2,500,208 | $71M | 0.7% | 2026-Q2 |
| Winthrop Advisory Group LLC added | 2,487,708 | $72M | 0.7% | 2026-Q2 |
| Bouchey Financial Group, Ltd. trimmed | 2,424,447 | $70M | 0.7% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 2,390,687 | $69M | 0.6% | 2026-Q2 |
| Focus Partners Wealth trimmed | 2,383,777 | $69M | 0.6% | 2026-Q2 |
| Summit Financial Strategies, Inc. trimmed | 2,326,085 | $67M | 0.6% | 2026-Q2 |
| Aptus Capital Advisors, LLC added | 2,325,278 | $67M | 0.6% | 2026-Q2 |
| Sunburst Financial Group, LLC added | 2,266,615 | $66M | 0.6% | 2026-Q2 |
| MERCER GLOBAL ADVISORS INC /ADV trimmed | 2,198,557 | $64M | 0.6% | 2026-Q2 |
| Caprock Group, LLC trimmed | 2,086,029 | $60M | 0.6% | 2026-Q2 |
| WBH ADVISORY INC trimmed | 2,072,831 | $60M | 0.6% | 2026-Q2 |
| Allworth Financial LP added | 1,809,502 | $52M | 0.5% | 2026-Q2 |
| Ethos Financial Group, LLC trimmed | 1,795,643 | $51M | 0.5% | 2026-Q2 |
| Capital Management Associates, Inc added | 1,789,502 | $52M | 0.5% | 2026-Q2 |
| Leading Edge Financial Planning LLC added | 1,748,838 | $51M | 0.5% | 2026-Q2 |
| Roundview Capital LLC added | 1,744,303 | $51M | 0.5% | 2026-Q2 |
| Cerity Partners LLC added | 1,654,810 | $48M | 0.4% | 2026-Q2 |
| TRUIST FINANCIAL CORP added | 1,647,692 | $48M | 0.4% | 2026-Q2 |
| Boulder Wealth Advisors, LLC added | 1,641,481 | $48M | 0.4% | 2026-Q2 |
| Cape Investment Advisory, Inc. added | 1,597,218 | $46M | 0.4% | 2026-Q2 |
| Modern Wealth Management, LLC added | 1,592,627 | $46M | 0.4% | 2026-Q2 |
| Appalachian Capital Management Ltd added | 1,577,489 | $46M | 0.4% | 2026-Q2 |
| Tanglewood Wealth Management, Inc. added | 1,577,486 | $46M | 0.4% | 2026-Q2 |
| BOYUM WEALTH ARCHITECTS LLC added | 1,522,245 | $44M | 0.4% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC added | 1,445,601 | $42M | 0.4% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 1,383,449 | $40M | 0.4% | 2026-Q2 |
| MAI Capital Management added | 1,267,030 | $37M | 0.3% | 2026-Q2 |
| Legacy Private Trust Co. trimmed | 1,253,734 | $36M | 0.3% | 2026-Q2 |
| Facet Wealth, Inc. trimmed | 1,243,309 | $36M | 0.3% | 2026-Q2 |
| JUNCTURE WEALTH STRATEGIES, LLC trimmed | 1,226,246 | $36M | 0.3% | 2026-Q2 |
| FMR LLC added | 1,210,918 | $35M | 0.3% | 2026-Q2 |
| John Boyer, Inc. added | 1,194,348 | $35M | 0.3% | 2026-Q2 |
| SYM FINANCIAL Corp trimmed | 1,187,558 | $34M | 0.3% | 2026-Q2 |
| Members Advisory Group LLC trimmed | 1,179,830 | $34M | 0.3% | 2026-Q2 |
| HARBOUR INVESTMENTS, INC. added | 1,163,565 | $34M | 0.3% | 2026-Q2 |
| Pegasus Asset Management, Inc. added | 1,161,813 | $34M | 0.3% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 1,161,767 | $34M | 0.3% | 2026-Q2 |
| WT Wealth Management trimmed | 1,161,589 | $34M | 0.3% | 2026-Q2 |
| Goepper Burkhardt LLC added | 1,160,559 | $34M | 0.3% | 2026-Q2 |
| Chicago Partners Investment Group LLC added | 1,109,222 | $32M | 0.3% | 2026-Q2 |
| JPMORGAN CHASE & CO trimmed | 1,107,295 | $32M | 0.3% | 2026-Q2 |
| GSG Advisors LLC added | 1,106,784 | $32M | 0.3% | 2026-Q2 |
| Gemmer Asset Management LLC trimmed | 1,104,883 | $32M | 0.3% | 2026-Q2 |
| Corient Private Wealth LP added | 1,082,108 | $31M | 0.3% | 2026-Q2 |
| ROBINSON SMITH WEALTH ADVISORS LLC trimmed | 1,072,620 | $31M | 0.3% | 2026-Q2 |
| Truepoint, Inc. trimmed | 1,069,662 | $31M | 0.3% | 2026-Q2 |
| Retirement Planning Group, LLC trimmed | 1,068,109 | $31M | 0.3% | 2026-Q2 |
| Genesee Capital Advisors, LLC trimmed | 1,052,859 | $30M | 0.3% | 2026-Q2 |
| Strategic Advisors LLC trimmed | 1,021,776 | $30M | 0.3% | 2026-Q2 |
| Dodds Wealth, LLC added | 1,020,508 | $30M | 0.3% | 2026-Q2 |
| PATRIOT INVESTMENT MANAGEMENT GROUP, INC. trimmed | 1,004,233 | $29M | 0.3% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 969,875 | $28M | 0.3% | 2026-Q2 |
| Wynn Capital, LLC added | 963,366 | $28M | 0.3% | 2026-Q2 |
| Meridian Wealth Partners, LLC added | 937,426 | $27M | 0.3% | 2026-Q2 |
| VALLEY NATIONAL ADVISERS INC trimmed | 934,634 | $27M | 0.3% | 2026-Q2 |
| Walker Financial Services, Inc. added | 928,968 | $27M | 0.3% | 2026-Q2 |
| Phil A. Younker & Associates, Ltd. trimmed | 926,210 | $27M | 0.3% | 2026-Q2 |
| Downshift Financial, LLC added | 908,685 | $26M | 0.2% | 2026-Q2 |
| Great Lakes Retirement, Inc. trimmed | 906,333 | $26M | 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.