Who owns SCHM (SCHM)
Which tracked institutional funds hold SCHM, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See SCHM 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
155 tracked funds added or opened SCHM while 99 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
SCHM’s largest tracked holder by dollar value, Financial Engines Advisors L.L.C., sizes it at 3.6% of its own reported 13F book, while the median holder sizes it at 1.1% of theirs — a 2.4pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in SCHM 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 1005 tracked filers holding SCHM, 439 increased or opened the position and 464 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 SCHM 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 17
- BNP PARIBAS FINANCIAL MARKETS$19M
- LexAurum Advisors, LLC$12M
- Scarborough Advisors, LLC$8M
- OxenFree Capital LLC$6M
- SUMMITPOINT CAPITAL MANAGEMENT$5M
- Leo H. Evart, Inc.$3M
Full exits 25
- FAS Wealth Partners, Inc.$18M
- BUSH INVESTMENT GROUP, LLC$11M
- TWO SIGMA INVESTMENTS, LP$9M
- Main Street Financial Solutions, LLC$8M
- McCarthy Asset Management, Inc.$6M
- Vantage Financial Partners, LLC$3M
Largest adds
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$360M
- UBS Group AG$42M
- JONES FINANCIAL COMPANIES LLLP$40M
- MONETA GROUP INVESTMENT ADVISORS LLC$28M
- CHOREO, LLC$25M
- ENVESTNET ASSET MANAGEMENT INC$23M
Largest trims
- Valpey Financial Services, LLC$136M
- WEALTH ENHANCEMENT ADVISORY SERVICES, LLC$73M
- Advisory Alpha, LLC$30M
- N.E.W. Advisory Services LLC$10M
- Summit Financial Strategies, Inc.$7M
- SILVER OAK SECURITIES, INCORPORATED$6M
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 |
|---|---|---|---|---|
| Financial Engines Advisors L.L.C. trimmed | 56,835,618 | $1.8B | 25.5% | 2026-Q1 |
| Creative Planning trimmed | 29,432,010 | $911M | 13.2% | 2026-Q1 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 11,638,443 | $360M | 5.2% | 2026-Q1 |
| MONETA GROUP INVESTMENT ADVISORS LLC added | 11,267,842 | $349M | 5.0% | 2026-Q1 |
| Advisory Alpha, LLC trimmed | 7,151,527 | $221M | 3.2% | 2026-Q1 |
| HighTower Advisors, LLC trimmed | 6,809,670 | $211M | 3.1% | 2026-Q1 |
| Cerity Partners LLC added | 5,510,804 | $171M | 2.5% | 2026-Q1 |
| JONES FINANCIAL COMPANIES LLLP added | 4,791,027 | $145M | 2.1% | 2026-Q1 |
| Legacy Wealth Management, LLC added | 4,320,097 | $134M | 1.9% | 2026-Q1 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 3,418,815 | $107M | 1.6% | 2026-Q1 |
| JMG Financial Group, Ltd. trimmed | 3,079,700 | $95M | 1.4% | 2026-Q1 |
| Fragasso Financial Advisors Inc trimmed | 2,923,473 | $92M | 1.3% | 2026-Q1 |
| Mariner, LLC added | 2,727,890 | $84M | 1.2% | 2026-Q1 |
| UBS Group AG added | 2,296,605 | $71M | 1.0% | 2026-Q1 |
| Thrivent Financial for Lutherans added | 2,138,502 | $66M | 1.0% | 2026-Q1 |
| EXENCIAL WEALTH ADVISORS, LLC added | 2,011,027 | $62M | 0.9% | 2026-Q1 |
| LPL Financial LLC added | 1,926,837 | $60M | 0.9% | 2026-Q1 |
| Prime Capital Investment Advisors, LLC added | 1,874,193 | $58M | 0.8% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 1,824,919 | $56M | 0.8% | 2026-Q1 |
| Waverly Advisors, LLC trimmed | 1,702,781 | $53M | 0.8% | 2026-Q1 |
| MORGAN STANLEY trimmed | 1,692,386 | $52M | 0.8% | 2026-Q1 |
| 93 Financial Group, LLC trimmed | 1,583,141 | $49M | 0.7% | 2026-Q1 |
| Advocacy Wealth Management, LLC added | 1,581,206 | $49M | 0.7% | 2026-Q1 |
| Beacon Pointe Advisors, LLC added | 1,482,850 | $46M | 0.7% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 1,414,328 | $44M | 0.6% | 2026-Q1 |
| CAPTRUST FINANCIAL ADVISORS trimmed | 1,403,065 | $43M | 0.6% | 2026-Q1 |
| Cetera Investment Advisers added | 1,285,570 | $40M | 0.6% | 2026-Q1 |
| Summit Financial Strategies, Inc. trimmed | 1,282,374 | $40M | 0.6% | 2026-Q1 |
| Summit Asset Management, LLC added | 1,268,811 | $39M | 0.6% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC trimmed | 1,242,525 | $38M | 0.6% | 2026-Q1 |
| BLB&B Advisors, LLC trimmed | 1,217,638 | $38M | 0.5% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 1,184,730 | $37M | 0.5% | 2026-Q1 |
| Dynamic Advisor Solutions LLC added | 1,139,240 | $35M | 0.5% | 2026-Q1 |
| Mokosak Advisory Group, LLC trimmed | 1,135,511 | $35M | 0.5% | 2026-Q1 |
| Chicago Partners Investment Group LLC added | 1,016,853 | $34M | 0.5% | 2026-Q1 |
| SAGE FINANCIAL GROUP INC added | 984,403 | $30M | 0.4% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. added | 925,224 | $29M | 0.4% | 2026-Q1 |
| High Note Wealth, LLC added | 903,908 | $28M | 0.4% | 2026-Q1 |
| CHOREO, LLC added | 886,907 | $27M | 0.4% | 2026-Q1 |
| Gemmer Asset Management LLC trimmed | 885,367 | $27M | 0.4% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 869,673 | $27M | 0.4% | 2026-Q1 |
| MERCER GLOBAL ADVISORS INC /ADV trimmed | 865,348 | $27M | 0.4% | 2026-Q1 |
| Focus Partners Wealth trimmed | 840,847 | $26M | 0.4% | 2026-Q1 |
| Corient Private Wealth LLC trimmed | 828,191 | $26M | 0.4% | 2026-Q1 |
| Northeast Financial Group, Inc. trimmed | 807,726 | $25M | 0.4% | 2026-Q1 |
| Curi Capital, LLC trimmed | 798,817 | $25M | 0.4% | 2026-Q1 |
| IFP Advisors, Inc trimmed | 774,872 | $24M | 0.3% | 2026-Q1 |
| Seneca Financial Advisors LLC added | 761,028 | $24M | 0.3% | 2026-Q1 |
| Koshinski Asset Management, Inc. added | 759,197 | $24M | 0.3% | 2026-Q1 |
| Financial Planning Navigators CORP added | 745,988 | $23M | 0.3% | 2026-Q1 |
| BERKSHIRE ASSET MANAGEMENT LLC/PA added | 715,433 | $22M | 0.3% | 2026-Q1 |
| Modera Wealth Management, LLC trimmed | 697,391 | $22M | 0.3% | 2026-Q1 |
| RKL Wealth Management LLC trimmed | 695,554 | $22M | 0.3% | 2026-Q1 |
| Compass Advisory Group LLC trimmed | 687,886 | $21M | 0.3% | 2026-Q1 |
| Lutz Financial Services LLC added | 678,368 | $21M | 0.3% | 2026-Q1 |
| Noble Family Wealth, LLC trimmed | 672,657 | $21M | 0.3% | 2026-Q1 |
| Essex LLC added | 666,173 | $21M | 0.3% | 2026-Q1 |
| OSAIC HOLDINGS, INC. added | 664,802 | $21M | 0.3% | 2026-Q1 |
| JOHNSON INVESTMENT COUNSEL INC trimmed | 657,230 | $20M | 0.3% | 2026-Q1 |
| SALEM INVESTMENT COUNSELORS INC added | 645,860 | $20M | 0.3% | 2026-Q1 |
| Bleakley Financial Group, LLC trimmed | 642,913 | $20M | 0.3% | 2026-Q1 |
| BlackRock, Inc. added | 609,081 | $19M | 0.3% | 2026-Q1 |
| Plante Moran Financial Advisors, LLC trimmed | 604,751 | $19M | 0.3% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS added | 600,030 | $19M | 0.3% | 2026-Q1 |
| MAI Capital Management added | 591,008 | $18M | 0.3% | 2026-Q1 |
| Denver PWM, LLC trimmed | 509,213 | $18M | 0.3% | 2026-Q1 |
| OneDigital Investment Advisors LLC trimmed | 570,755 | $18M | 0.3% | 2026-Q1 |
| Bangor Savings Bank trimmed | 559,777 | $17M | 0.3% | 2026-Q1 |
| Triangle Securities Wealth Management added | 532,039 | $16M | 0.2% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 527,718 | $16M | 0.2% | 2026-Q1 |
| Trinity Legacy Partners, LLC added | 493,096 | $16M | 0.2% | 2026-Q1 |
| Curbstone Financial Management Corp added | 515,319 | $16M | 0.2% | 2026-Q1 |
| Asset Management Group, Inc. trimmed | 507,857 | $16M | 0.2% | 2026-Q1 |
| Sherwood Financial Partners, LLC trimmed | 495,543 | $15M | 0.2% | 2026-Q1 |
| Womack Financial LLC added | 490,392 | $15M | 0.2% | 2026-Q1 |
| Fortis Capital Management LLC added | 487,153 | $15M | 0.2% | 2026-Q1 |
| Focus Financial Network, Inc. added | 485,586 | $15M | 0.2% | 2026-Q1 |
| HHM Wealth Advisors, LLC trimmed | 483,483 | $15M | 0.2% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC added | 481,936 | $15M | 0.2% | 2026-Q1 |
| Savant Capital, LLC trimmed | 479,148 | $15M | 0.2% | 2026-Q1 |
| Harbor Group, Inc. trimmed | 475,237 | $15M | 0.2% | 2026-Q1 |
| JPMORGAN CHASE & CO trimmed | 488,745 | $15M | 0.2% | 2026-Q1 |
| Clearwater Capital Advisors, LLC added | 473,011 | $15M | 0.2% | 2026-Q1 |
| LODESTAR PRIVATE ASSET MANAGEMENT LLC added | 472,201 | $15M | 0.2% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 469,633 | $15M | 0.2% | 2026-Q1 |
| IMA Advisory Services, Inc. added | 468,821 | $15M | 0.2% | 2026-Q1 |
| PITTENGER & ANDERSON INC trimmed | 461,014 | $14M | 0.2% | 2026-Q1 |
| Schneider Downs Wealth Management Advisors, LP added | 460,298 | $14M | 0.2% | 2026-Q1 |
| Courage Miller Partners, LLC added | 460,109 | $14M | 0.2% | 2026-Q1 |
| Farther Finance Advisors, LLC trimmed | 439,619 | $14M | 0.2% | 2026-Q1 |
| White & Co Financial Planning Inc added | 436,832 | $14M | 0.2% | 2026-Q1 |
| Fifth Third Securities, Inc. added | 434,295 | $13M | 0.2% | 2026-Q1 |
| Cannon Capital Management, Inc. trimmed | 432,843 | $13M | 0.2% | 2026-Q1 |
| Clear Creek Financial Management, LLC added | 430,017 | $13M | 0.2% | 2026-Q1 |
| Pacific Sage Partners, LLC added | 418,915 | $13M | 0.2% | 2026-Q1 |
| Spinnaker Investment Group, LLC trimmed | 417,462 | $13M | 0.2% | 2026-Q1 |
| RIVER'S EDGE WEALTH MANAGEMENT, LLC added | 379,814 | $13M | 0.2% | 2026-Q1 |
| FAS Wealth Partners, Inc. added | 604,350 | $18M | 0.3% | 2025-Q4 stale |
| MARSHALL FINANCIAL GROUP INC /ADV trimmed | 610,211 | $18M | 0.3% | 2025-Q3 stale |
| FIRST NATIONAL CORP /MA/ /ADV trimmed | 548,491 | $16M | 0.2% | 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.