Who owns 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-Q1 13F filings (latest filed 2026-05-18). 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
109 tracked funds added or opened SCHB while 311 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
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 2.6% of theirs — a 0.3pp 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 2025-Q4 and 2026-Q1, across 1302 tracked filers holding SCHB, 606 increased or opened the position and 577 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 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
- NICOLET BANKSHARES INC$18M
- Wealth Care LLC$5M
- SEEDS INVESTOR LLC$4M
- TRB Wealth Management, LLC$4M
- CIBC Bancorp USA Inc.$4M
- 3 FACTOR INDEXING, LLC$3M
Full exits 42
- Strategic Financial Planning, Inc.$25M
- Nalls Sherbakoff Group, LLC$21M
- MIdWestOne Financial Group, Inc.$19M
- AXXCESS WEALTH MANAGEMENT, LLC$14M
- Liberty Capital Management, Inc.$12M
- BRIGHTON JONES LLC$8M
Largest adds
- UBS Group AG$1.2B
- UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC$220M
- Quantinno Capital Management LP$18M
- Tanglewood Wealth Management, Inc.$17M
- HORAN Wealth, LLC$13M
- ENVESTNET ASSET MANAGEMENT INC$12M
Largest trims
- Wealthfront Advisers LLC$86M
- Gallagher Fiduciary Advisors, LLC$66M
- Compass Advisory Group LLC$37M
- Betterment LLC$29M
- Creative Planning$20M
- AlphaCore Capital LLC$18M
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 |
|---|---|---|---|---|
| Wealthfront Advisers LLC trimmed | 52,556,138 | $1.3B | 12.8% | 2026-Q1 |
| UBS Group AG added | 48,514,355 | $1.2B | 11.8% | 2026-Q1 |
| Betterment LLC trimmed | 15,717,854 | $395M | 3.8% | 2026-Q1 |
| REBALANCE, LLC added | 15,082,487 | $379M | 3.7% | 2026-Q1 |
| SCS Capital Management LLC added | 11,970,120 | $300M | 2.9% | 2026-Q1 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added | 11,836,989 | $297M | 2.9% | 2026-Q1 |
| HighTower Advisors, LLC added | 8,967,340 | $225M | 2.2% | 2026-Q1 |
| Strid Group, LLC trimmed | 8,648,946 | $217M | 2.1% | 2026-Q1 |
| Evensky & Katz LLC trimmed | 8,165,499 | $205M | 2.0% | 2026-Q1 |
| HENGEHOLD CAPITAL MANAGEMENT LLC trimmed | 7,722,465 | $194M | 1.9% | 2026-Q1 |
| Hanson & Doremus Investment Management added | 7,041,153 | $177M | 1.7% | 2026-Q1 |
| HB Wealth Management, LLC trimmed | 6,595,221 | $166M | 1.6% | 2026-Q1 |
| Evergreen Advisors, LLC added | 6,280,152 | $158M | 1.5% | 2026-Q1 |
| Forvis Mazars Wealth Advisors, LLC added | 6,230,006 | $156M | 1.5% | 2026-Q1 |
| HT Partners LLC added | 6,181,453 | $155M | 1.5% | 2026-Q1 |
| AlphaCore Capital LLC trimmed | 5,353,704 | $134M | 1.3% | 2026-Q1 |
| TruNorth Capital Management, LLC added | 5,210,739 | $131M | 1.3% | 2026-Q1 |
| HHM Wealth Advisors, LLC added | 5,146,591 | $129M | 1.3% | 2026-Q1 |
| Mariner, LLC added | 4,996,510 | $125M | 1.2% | 2026-Q1 |
| Accredited Investors Inc. trimmed | 4,607,337 | $116M | 1.1% | 2026-Q1 |
| CAPTRUST FINANCIAL ADVISORS trimmed | 4,047,483 | $102M | 1.0% | 2026-Q1 |
| Morton Brown Family Wealth, LLC added | 4,017,868 | $101M | 1.0% | 2026-Q1 |
| Compass Financial Group, INC/SD added | 3,869,236 | $97M | 0.9% | 2026-Q1 |
| HBK Sorce Advisory LLC added | 3,130,458 | $89M | 0.9% | 2026-Q1 |
| MANCHESTER FINANCIAL INC trimmed | 3,426,829 | $86M | 0.8% | 2026-Q1 |
| MORGAN STANLEY added | 3,370,368 | $85M | 0.8% | 2026-Q1 |
| Ballentine Partners, LLC added | 3,257,692 | $82M | 0.8% | 2026-Q1 |
| Creative Planning trimmed | 3,197,065 | $80M | 0.8% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 3,194,228 | $80M | 0.8% | 2026-Q1 |
| Waverly Advisors, LLC added | 3,061,232 | $77M | 0.7% | 2026-Q1 |
| Savant Capital, LLC added | 2,969,874 | $75M | 0.7% | 2026-Q1 |
| LPL Financial LLC added | 2,908,036 | $73M | 0.7% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 2,881,786 | $72M | 0.7% | 2026-Q1 |
| Quantinno Capital Management LP added | 2,783,258 | $70M | 0.7% | 2026-Q1 |
| Asset Advisors Investment Management, LLC trimmed | 2,762,273 | $69M | 0.7% | 2026-Q1 |
| BROWN ADVISORY INC trimmed | 2,711,077 | $68M | 0.7% | 2026-Q1 |
| NORTH STAR ASSET MANAGEMENT INC added | 2,680,611 | $67M | 0.7% | 2026-Q1 |
| Summit Financial Strategies, Inc. trimmed | 2,672,115 | $67M | 0.6% | 2026-Q1 |
| Focus Partners Wealth added | 2,654,159 | $67M | 0.6% | 2026-Q1 |
| Circle Wealth Management, LLC added | 2,636,237 | $66M | 0.6% | 2026-Q1 |
| Legacy Financial Strategies, LLC added | 2,614,587 | $66M | 0.6% | 2026-Q1 |
| D L CARLSON INVESTMENT GROUP INC trimmed | 2,591,924 | $65M | 0.6% | 2026-Q1 |
| JONES FINANCIAL COMPANIES LLLP added | 2,639,096 | $65M | 0.6% | 2026-Q1 |
| CLIFTONLARSONALLEN WEALTH ADVISORS, LLC added | 2,568,121 | $64M | 0.6% | 2026-Q1 |
| Bouchey Financial Group Ltd trimmed | 2,451,793 | $64M | 0.6% | 2026-Q1 |
| MYECFO, LLC added | 2,557,723 | $64M | 0.6% | 2026-Q1 |
| MERCER GLOBAL ADVISORS INC /ADV trimmed | 2,531,564 | $64M | 0.6% | 2026-Q1 |
| Winthrop Advisory Group LLC added | 2,395,034 | $60M | 0.6% | 2026-Q1 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 2,320,383 | $57M | 0.5% | 2026-Q1 |
| Aptus Capital Advisors, LLC added | 2,232,961 | $56M | 0.5% | 2026-Q1 |
| Sunburst Financial Group, LLC added | 2,174,288 | $55M | 0.5% | 2026-Q1 |
| WBH ADVISORY INC added | 2,119,640 | $54M | 0.5% | 2026-Q1 |
| Caprock Group, LLC added | 2,090,846 | $52M | 0.5% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN added | 2,062,916 | $52M | 0.5% | 2026-Q1 |
| Ethos Financial Group, LLC added | 2,026,333 | $51M | 0.5% | 2026-Q1 |
| SNS Financial Group, LLC trimmed | 1,804,465 | $45M | 0.4% | 2026-Q1 |
| Capital Management Associates, Inc added | 1,785,562 | $45M | 0.4% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. trimmed | 1,715,693 | $43M | 0.4% | 2026-Q1 |
| Allworth Financial LP added | 1,703,309 | $43M | 0.4% | 2026-Q1 |
| CWM, LLC added | 1,693,122 | $42M | 0.4% | 2026-Q1 |
| Roundview Capital LLC trimmed | 1,681,293 | $42M | 0.4% | 2026-Q1 |
| BOYUM WEALTH ARCHITECTS LLC added | 1,502,092 | $42M | 0.4% | 2026-Q1 |
| Leading Edge Financial Planning LLC added | 1,640,882 | $41M | 0.4% | 2026-Q1 |
| TRUIST FINANCIAL CORP added | 1,639,622 | $41M | 0.4% | 2026-Q1 |
| Genesee Capital Advisors, LLC trimmed | 1,629,524 | $41M | 0.4% | 2026-Q1 |
| Boulder Wealth Advisors, LLC added | 1,617,555 | $41M | 0.4% | 2026-Q1 |
| Cape Investment Advisory, Inc. added | 1,584,194 | $40M | 0.4% | 2026-Q1 |
| Members Advisory Group LLC trimmed | 1,583,312 | $40M | 0.4% | 2026-Q1 |
| Appalachian Capital Management Ltd added | 1,573,653 | $39M | 0.4% | 2026-Q1 |
| Modern Wealth Management, LLC added | 1,529,638 | $39M | 0.4% | 2026-Q1 |
| Tanglewood Wealth Management, Inc. added | 1,534,891 | $39M | 0.4% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 1,381,999 | $35M | 0.3% | 2026-Q1 |
| Jaffetilchin Investment Partners, LLC trimmed | 1,351,921 | $34M | 0.3% | 2026-Q1 |
| Cerity Partners LLC added | 1,301,632 | $33M | 0.3% | 2026-Q1 |
| Legacy Private Trust Co. trimmed | 1,282,088 | $32M | 0.3% | 2026-Q1 |
| JUNCTURE WEALTH STRATEGIES, LLC trimmed | 1,266,881 | $32M | 0.3% | 2026-Q1 |
| Facet Wealth, Inc. added | 1,249,750 | $31M | 0.3% | 2026-Q1 |
| MAI Capital Management added | 1,240,262 | $31M | 0.3% | 2026-Q1 |
| SYM FINANCIAL Corp trimmed | 1,192,008 | $30M | 0.3% | 2026-Q1 |
| WT Wealth Management trimmed | 1,173,635 | $29M | 0.3% | 2026-Q1 |
| JPMORGAN CHASE & CO trimmed | 1,195,358 | $29M | 0.3% | 2026-Q1 |
| Pegasus Asset Management, Inc. trimmed | 1,160,640 | $29M | 0.3% | 2026-Q1 |
| Goepper Burkhardt LLC trimmed | 1,138,014 | $29M | 0.3% | 2026-Q1 |
| HARBOUR INVESTMENTS, INC. added | 1,118,377 | $28M | 0.3% | 2026-Q1 |
| Gemmer Asset Management LLC trimmed | 1,118,297 | $28M | 0.3% | 2026-Q1 |
| Strategic Advisors LLC trimmed | 1,108,104 | $28M | 0.3% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC trimmed | 1,103,831 | $28M | 0.3% | 2026-Q1 |
| Truepoint, Inc. trimmed | 1,097,551 | $28M | 0.3% | 2026-Q1 |
| GSG Advisors LLC added | 1,093,847 | $27M | 0.3% | 2026-Q1 |
| Retirement Planning Group, LLC trimmed | 1,086,268 | $27M | 0.3% | 2026-Q1 |
| ROBINSON SMITH WEALTH ADVISORS LLC added | 1,080,467 | $27M | 0.3% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC trimmed | 1,074,373 | $27M | 0.3% | 2026-Q1 |
| FMR LLC added | 1,064,933 | $27M | 0.3% | 2026-Q1 |
| Chicago Partners Investment Group LLC added | 969,307 | $27M | 0.3% | 2026-Q1 |
| Phil A. Younker & Associates, Ltd. trimmed | 1,060,992 | $27M | 0.3% | 2026-Q1 |
| HORAN Wealth, LLC added | 1,051,472 | $26M | 0.3% | 2026-Q1 |
| PATRIOT INVESTMENT MANAGEMENT GROUP, INC. trimmed | 1,022,101 | $26M | 0.2% | 2026-Q1 |
| Callan Capital, LLC trimmed | 5,911,420 | $127M | 1.2% | 2025-Q1 stale |
| NATIONAL BANK OF CANADA /FI/ trimmed | 4,051,638 | $97M | 0.9% | 2025-Q2 stale |
| Shilanski & Associates, Inc. added | 1,229,744 | $32M | 0.3% | 2025-Q3 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.