Who owns Schwab U.S. Dividend Equity ETF (SCHD)
Which tracked institutional funds hold SCHD, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See SCHD 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
620 tracked funds added or opened SCHD while 222 trimmed or exited it between 2026-Q1 and 2026-Q2 — 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
SCHD’s largest tracked holder by dollar value, SUMITOMO LIFE INSURANCE CO, sizes it at 30.9% of its own reported 13F book, while the median holder sizes it at 0.6% of theirs — a 30.3pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in SCHD 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 2067 tracked filers holding SCHD, 1218 increased or opened the position and 789 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 SCHD 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 56
- Carolina Wealth Management Inc$29M
- McCarthy Asset Management, Inc.$26M
- Global Retirement Partners, LLC$21M
- FIDUCIARY FINANCIAL ADVISORS$15M
- Biondo Investment Advisors, LLC$11M
- Virginia Estate & Retirement Planning Advisors Inc.$11M
Full exits 89
- Cambridge Investment Research Advisors, Inc.$201M
- HighTower Advisors, LLC$158M
- CWM, LLC$124M
- Paradiem, LLC$56M
- Baer Investment Advisory LLC$47M
- Janney Montgomery Scott LLC$43M
Largest adds
- SUMITOMO LIFE INSURANCE CO$495M
- BANK OF AMERICA CORP /DE/$194M
- LPL Financial LLC$115M
- ROYAL BANK OF CANADA$83M
- MORGAN STANLEY$76M
- Cetera Investment Advisers$66M
Largest trims
- Rakuten Investment Management, Inc.$749M
- Bouchey Financial Group, Ltd.$57M
- Independent Advisor Alliance$28M
- Allworth Financial LP$15M
- Ascentis Independent Advisors$13M
- American Financial Advisors, LLC$13M
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 |
|---|---|---|---|---|
| SUMITOMO LIFE INSURANCE CO added | 59,569,934 | $1.9B | 10.5% | 2026-Q2 |
| Rakuten Investment Management, Inc. trimmed | 47,138,834 | $1.5B | 8.3% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 35,964,374 | $1.1B | 6.3% | 2026-Q2 |
| LPL Financial LLC added | 33,495,236 | $1.1B | 5.9% | 2026-Q2 |
| MORGAN STANLEY added | 27,882,415 | $884M | 4.9% | 2026-Q2 |
| Cetera Investment Advisers added | 25,487,103 | $808M | 4.5% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 18,067,002 | $573M | 3.2% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 17,667,059 | $560M | 3.1% | 2026-Q2 |
| UBS Group AG trimmed | 14,272,113 | $453M | 2.5% | 2026-Q2 |
| Wealthspire Advisors, LLC added | 13,574,503 | $430M | 2.4% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO trimmed | 13,398,710 | $425M | 2.4% | 2026-Q2 |
| Wealthfront Advisers LLC trimmed | 12,619,208 | $400M | 2.2% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 11,007,943 | $349M | 1.9% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 10,869,562 | $345M | 1.9% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 10,190,067 | $323M | 1.8% | 2026-Q2 |
| Cassaday & Co Wealth Management LLC added | 9,917,423 | $314M | 1.7% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 9,607,085 | $305M | 1.7% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC added | 8,187,261 | $260M | 1.4% | 2026-Q2 |
| Mariner, LLC trimmed | 6,973,748 | $221M | 1.2% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC added | 6,750,017 | $214M | 1.2% | 2026-Q2 |
| Keystone Financial Planning, Inc. trimmed | 6,250,349 | $198M | 1.1% | 2026-Q2 |
| CIBC WORLD MARKET INC. added | 6,233,348 | $198M | 1.1% | 2026-Q2 |
| Avantax Planning Partners, Inc. trimmed | 5,394,015 | $171M | 0.9% | 2026-Q2 |
| HHM Wealth Advisors, LLC added | 5,312,613 | $168M | 0.9% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP added | 4,932,758 | $158M | 0.9% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 4,807,434 | $155M | 0.9% | 2026-Q2 |
| Creative Planning added | 4,737,864 | $150M | 0.8% | 2026-Q2 |
| KEYBANK NATIONAL ASSOCIATION/OH added | 4,471,583 | $142M | 0.8% | 2026-Q2 |
| JPMORGAN CHASE & CO trimmed | 3,890,026 | $124M | 0.7% | 2026-Q2 |
| Kestra Advisory Services, LLC added | 3,635,397 | $115M | 0.6% | 2026-Q2 |
| TRUIST FINANCIAL CORP added | 3,261,496 | $103M | 0.6% | 2026-Q2 |
| Berger Financial Group, Inc added | 3,205,319 | $102M | 0.6% | 2026-Q2 |
| Cresset Asset Management, LLC added | 2,989,722 | $95M | 0.5% | 2026-Q2 |
| MERCER GLOBAL ADVISORS INC /ADV added | 2,835,812 | $90M | 0.5% | 2026-Q2 |
| FIFTH THIRD BANCORP added | 2,764,001 | $88M | 0.5% | 2026-Q2 |
| Valmark Advisers, Inc. trimmed | 2,632,336 | $83M | 0.5% | 2026-Q2 |
| Cerity Partners LLC added | 2,522,251 | $80M | 0.4% | 2026-Q2 |
| Golden Reserve Retirement LLC added | 2,339,310 | $74M | 0.4% | 2026-Q2 |
| Asset Advisors Investment Management, LLC trimmed | 2,326,736 | $74M | 0.4% | 2026-Q2 |
| STIFEL FINANCIAL CORP added | 2,324,517 | $74M | 0.4% | 2026-Q2 |
| MAI Capital Management trimmed | 2,289,163 | $73M | 0.4% | 2026-Q2 |
| Baird Financial Group, Inc. added | 2,080,899 | $66M | 0.4% | 2026-Q2 |
| Mirae Asset Global Investments Co., Ltd. added | 2,075,065 | $66M | 0.4% | 2026-Q2 |
| Summit Asset Management, LLC added | 2,068,062 | $66M | 0.4% | 2026-Q2 |
| HARBOUR INVESTMENTS, INC. added | 2,054,311 | $65M | 0.4% | 2026-Q2 |
| Waverly Advisors, LLC added | 2,043,019 | $65M | 0.4% | 2026-Q2 |
| Charles Schwab Trust Bank trimmed | 1,963,094 | $62M | 0.3% | 2026-Q2 |
| D.A. DAVIDSON & CO. trimmed | 1,955,264 | $62M | 0.3% | 2026-Q2 |
| HOWARD FINANCIAL SERVICES, LTD. added | 1,953,598 | $62M | 0.3% | 2026-Q2 |
| Spinnaker Investment Group, LLC added | 1,933,604 | $61M | 0.3% | 2026-Q2 |
| Summit Financial Wealth Advisors, LLC added | 1,925,060 | $61M | 0.3% | 2026-Q2 |
| UNITED CAPITAL FINANCIAL ADVISORS, LLC added | 1,921,962 | $61M | 0.3% | 2026-Q2 |
| CVA Family Office, LLC trimmed | 1,906,589 | $60M | 0.3% | 2026-Q2 |
| Brookstone Capital Management added | 1,889,445 | $60M | 0.3% | 2026-Q2 |
| Allied Investment Advisors, LLC added | 1,871,398 | $59M | 0.3% | 2026-Q2 |
| BOKF, NA added | 1,869,323 | $59M | 0.3% | 2026-Q2 |
| STEPHENS INC /AR/ added | 1,868,823 | $59M | 0.3% | 2026-Q2 |
| Focus Partners Wealth added | 1,841,246 | $58M | 0.3% | 2026-Q2 |
| Focus Financial Network, Inc. trimmed | 1,818,289 | $58M | 0.3% | 2026-Q2 |
| Main Street Financial Solutions, LLC added | 1,816,438 | $58M | 0.3% | 2026-Q2 |
| Whelan Financial added | 1,788,794 | $57M | 0.3% | 2026-Q2 |
| HB Wealth Management, LLC added | 1,780,558 | $56M | 0.3% | 2026-Q2 |
| MCF Advisors LLC trimmed | 1,776,276 | $56M | 0.3% | 2026-Q2 |
| Beacon Pointe Advisors, LLC trimmed | 1,759,557 | $56M | 0.3% | 2026-Q2 |
| Steward Partners Investment Advisory, LLC added | 1,719,889 | $55M | 0.3% | 2026-Q2 |
| Scott Capital Advisors, LLC trimmed | 1,718,381 | $54M | 0.3% | 2026-Q2 |
| Northwest Quadrant Wealth Management, LLC added | 1,718,037 | $54M | 0.3% | 2026-Q2 |
| BURKETT FINANCIAL SERVICES, LLC trimmed | 1,708,472 | $54M | 0.3% | 2026-Q2 |
| Gerber Kawasaki Wealth & Investment Management trimmed | 1,699,724 | $54M | 0.3% | 2026-Q2 |
| Keudell/Morrison Wealth Management added | 1,690,577 | $54M | 0.3% | 2026-Q2 |
| CAPTRUST FINANCIAL ADVISORS added | 1,688,134 | $54M | 0.3% | 2026-Q2 |
| Sarver Vrooman Wealth Advisors added | 1,661,097 | $53M | 0.3% | 2026-Q2 |
| CGC Financial Services, LLC added | 1,641,970 | $52M | 0.3% | 2026-Q2 |
| Leelyn Smith, LLC added | 1,629,344 | $52M | 0.3% | 2026-Q2 |
| CHOREO, LLC trimmed | 1,613,157 | $51M | 0.3% | 2026-Q2 |
| Noble Family Wealth, LLC added | 1,605,116 | $51M | 0.3% | 2026-Q2 |
| Integrated Wealth Concepts LLC added | 1,591,785 | $50M | 0.3% | 2026-Q2 |
| SECURIAN ASSET MANAGEMENT, INC | 1,581,000 | $52M | 0.3% | 2026-Q2 |
| Evergreen Advisors, LLC added | 1,568,137 | $50M | 0.3% | 2026-Q2 |
| PINNACLE ASSOCIATES LTD added | 1,527,109 | $48M | 0.3% | 2026-Q2 |
| VICTORY FINANCIAL GROUP, LLC trimmed | 1,514,996 | $48M | 0.3% | 2026-Q2 |
| Farther Finance Advisors, LLC added | 1,505,767 | $48M | 0.3% | 2026-Q2 |
| Merit Financial Group, LLC trimmed | 1,496,093 | $47M | 0.3% | 2026-Q2 |
| Curran Financial Partners, LLC added | 1,490,202 | $47M | 0.3% | 2026-Q2 |
| Cedar Wealth Management, LLC trimmed | 1,435,868 | $46M | 0.3% | 2026-Q2 |
| Cullen/Frost Bankers, Inc. trimmed | 1,421,380 | $45M | 0.2% | 2026-Q2 |
| Equitable Holdings, Inc. added | 1,371,794 | $43M | 0.2% | 2026-Q2 |
| Aptus Capital Advisors, LLC trimmed | 1,313,803 | $42M | 0.2% | 2026-Q2 |
| ForthRight Wealth Management, LLC added | 1,297,540 | $41M | 0.2% | 2026-Q2 |
| Ameritas Advisory Services, LLC added | 1,262,852 | $40M | 0.2% | 2026-Q2 |
| Private Advisor Group, LLC trimmed | 1,255,770 | $40M | 0.2% | 2026-Q2 |
| Apriem Advisors added | 1,230,371 | $39M | 0.2% | 2026-Q2 |
| Intergy Private Wealth, LLC added | 1,228,413 | $39M | 0.2% | 2026-Q2 |
| Focus Partners Advisor Solutions, LLC trimmed | 1,221,445 | $39M | 0.2% | 2026-Q2 |
| CRA Financial Services, LLC added | 1,220,811 | $39M | 0.2% | 2026-Q2 |
| Coastal Bridge Advisors, LLC added | 1,213,720 | $38M | 0.2% | 2026-Q2 |
| First Command Advisory Services, Inc. added | 1,206,375 | $38M | 0.2% | 2026-Q2 |
| Qube Research & Technologies Ltd added | 1,191,565 | $38M | 0.2% | 2026-Q2 |
| Steele Capital Management, Inc. added | 1,169,147 | $37M | 0.2% | 2026-Q2 |
| ALBION FINANCIAL GROUP /UT added | 1,164,512 | $37M | 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.