Who owns 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-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 SCHM is one-sided between 2026-Q1 and 2026-Q2: 416 added or opened and 57 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
SCHM’s largest tracked holder by dollar value, Financial Engines Advisors L.L.C., sizes it at 3.4% of its own reported 13F book, while the median holder sizes it at 1.0% of theirs — a 2.3pp 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 2026-Q1 and 2026-Q2, across 1034 tracked filers holding SCHM, 456 increased or opened the position and 488 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 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 26
- TWO SIGMA INVESTMENTS, LP$17M
- Simplicity Wealth,LLC$13M
- Odyssey Group, LLC$12M
- McCarthy Asset Management, Inc.$8M
- Diversify Advisory Services, LLC$6M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$4M
Full exits 40
- HighTower Advisors, LLC$211M
- Thrivent Financial for Lutherans$66M
- EXENCIAL WEALTH ADVISORS, LLC$62M
- Cambridge Investment Research Advisors, Inc.$29M
- Northeast Financial Group, Inc.$25M
- BNP PARIBAS FINANCIAL MARKETS$19M
Largest adds
- Creative Planning$159M
- Financial Engines Advisors L.L.C.$149M
- JONES FINANCIAL COMPANIES LLLP$121M
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$103M
- Savant Capital, LLC$100M
- MONETA GROUP INVESTMENT ADVISORS LLC$85M
Largest trims
- UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC$9M
- MANCHESTER FINANCIAL INC$4M
- Independent Advisor Alliance$3M
- WealthShield Partners, LLC$3M
- RFG Advisory, LLC$2M
- Visionary Wealth Advisors$2M
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 |
|---|---|---|---|---|
| Financial Engines Advisors L.L.C. trimmed | 51,767,947 | $1.9B | 24.1% | 2026-Q2 |
| Creative Planning trimmed | 29,016,208 | $1.1B | 13.5% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 12,568,632 | $463M | 5.9% | 2026-Q2 |
| MONETA GROUP INVESTMENT ADVISORS LLC added | 11,767,147 | $434M | 5.5% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP added | 7,349,241 | $266M | 3.4% | 2026-Q2 |
| Advisory Alpha, LLC trimmed | 6,983,767 | $257M | 3.3% | 2026-Q2 |
| Cerity Partners LLC added | 5,729,822 | $198M | 2.5% | 2026-Q2 |
| Legacy Wealth Management, LLC trimmed | 4,286,476 | $158M | 2.0% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 3,315,880 | $119M | 1.5% | 2026-Q2 |
| Savant Capital, LLC added | 3,231,643 | $115M | 1.4% | 2026-Q2 |
| JMG Financial Group, Ltd. trimmed | 3,074,425 | $113M | 1.4% | 2026-Q2 |
| Fragasso Financial Advisors Inc trimmed | 2,867,994 | $106M | 1.3% | 2026-Q2 |
| Mariner, LLC trimmed | 2,627,084 | $97M | 1.2% | 2026-Q2 |
| UBS Group AG trimmed | 2,285,436 | $84M | 1.1% | 2026-Q2 |
| LPL Financial LLC added | 2,017,782 | $74M | 0.9% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 1,859,876 | $69M | 0.9% | 2026-Q2 |
| Prime Capital Investment Advisors, LLC trimmed | 1,830,982 | $68M | 0.9% | 2026-Q2 |
| Advocacy Wealth Management, LLC added | 1,715,392 | $63M | 0.8% | 2026-Q2 |
| Waverly Advisors, LLC trimmed | 1,699,550 | $63M | 0.8% | 2026-Q2 |
| MORGAN STANLEY trimmed | 1,649,131 | $61M | 0.8% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 1,636,994 | $60M | 0.8% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 1,553,972 | $57M | 0.7% | 2026-Q2 |
| 93 Financial Group, LLC trimmed | 1,499,269 | $55M | 0.7% | 2026-Q2 |
| Beacon Pointe Advisors, LLC added | 1,484,018 | $55M | 0.7% | 2026-Q2 |
| CAPTRUST FINANCIAL ADVISORS added | 1,421,766 | $52M | 0.7% | 2026-Q2 |
| Cetera Investment Advisers added | 1,418,775 | $52M | 0.7% | 2026-Q2 |
| Financial Solutions Advisory Group, Inc. trimmed | 1,275,655 | $46M | 0.6% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC added | 1,266,454 | $47M | 0.6% | 2026-Q2 |
| Summit Asset Management, LLC trimmed | 1,259,073 | $46M | 0.6% | 2026-Q2 |
| Dynamic Advisor Solutions LLC added | 1,198,872 | $44M | 0.6% | 2026-Q2 |
| BLB&B Advisors, LLC trimmed | 1,196,515 | $44M | 0.6% | 2026-Q2 |
| Summit Financial Strategies, Inc. trimmed | 1,131,341 | $42M | 0.5% | 2026-Q2 |
| Focus Partners Wealth added | 1,131,309 | $42M | 0.5% | 2026-Q2 |
| Mokosak Advisory Group, LLC trimmed | 1,129,814 | $42M | 0.5% | 2026-Q2 |
| Chicago Partners Investment Group LLC added | 1,096,057 | $39M | 0.5% | 2026-Q2 |
| SAGE FINANCIAL GROUP INC added | 1,005,202 | $37M | 0.5% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 965,564 | $36M | 0.4% | 2026-Q2 |
| High Note Wealth, LLC added | 916,640 | $34M | 0.4% | 2026-Q2 |
| BlackRock, Inc. added | 887,355 | $33M | 0.4% | 2026-Q2 |
| MERCER GLOBAL ADVISORS INC /ADV added | 873,101 | $32M | 0.4% | 2026-Q2 |
| CHOREO, LLC trimmed | 871,833 | $32M | 0.4% | 2026-Q2 |
| Gemmer Asset Management LLC trimmed | 863,655 | $32M | 0.4% | 2026-Q2 |
| Corient Private Wealth LP trimmed | 821,648 | $30M | 0.4% | 2026-Q2 |
| JOHNSON INVESTMENT COUNSEL INC added | 815,376 | $30M | 0.4% | 2026-Q2 |
| IFP Advisors, Inc added | 775,129 | $29M | 0.4% | 2026-Q2 |
| Koshinski Asset Management, Inc. added | 769,563 | $28M | 0.4% | 2026-Q2 |
| Seneca Financial Advisors LLC added | 767,806 | $28M | 0.4% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 766,354 | $28M | 0.4% | 2026-Q2 |
| Financial Planning Navigators CORP trimmed | 730,881 | $27M | 0.3% | 2026-Q2 |
| BERKSHIRE ASSET MANAGEMENT LLC/PA added | 730,699 | $27M | 0.3% | 2026-Q2 |
| Compass Advisory Group LLC trimmed | 685,027 | $25M | 0.3% | 2026-Q2 |
| RKL Wealth Management LLC trimmed | 683,405 | $25M | 0.3% | 2026-Q2 |
| Curi Capital, LLC trimmed | 683,104 | $25M | 0.3% | 2026-Q2 |
| Bleakley Financial Group, LLC added | 675,122 | $25M | 0.3% | 2026-Q2 |
| Essex LLC added | 673,370 | $25M | 0.3% | 2026-Q2 |
| Lutz Financial Services LLC trimmed | 672,364 | $25M | 0.3% | 2026-Q2 |
| Noble Family Wealth, LLC trimmed | 667,905 | $25M | 0.3% | 2026-Q2 |
| Modera Wealth Management, LLC trimmed | 666,792 | $25M | 0.3% | 2026-Q2 |
| FAS Wealth Partners, Inc. added | 666,751 | $25M | 0.3% | 2026-Q2 |
| SALEM INVESTMENT COUNSELORS INC trimmed | 642,681 | $24M | 0.3% | 2026-Q2 |
| MAI Capital Management added | 612,338 | $23M | 0.3% | 2026-Q2 |
| OneDigital Investment Advisors LLC trimmed | 568,557 | $21M | 0.3% | 2026-Q2 |
| Plante Moran Financial Advisors, LLC trimmed | 565,591 | $21M | 0.3% | 2026-Q2 |
| Bangor Savings Bank trimmed | 537,014 | $20M | 0.3% | 2026-Q2 |
| Triangle Securities Wealth Management trimmed | 530,443 | $20M | 0.2% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 529,633 | $20M | 0.2% | 2026-Q2 |
| Curbstone Financial Management Corp added | 518,787 | $19M | 0.2% | 2026-Q2 |
| Denver PWM, LLC added | 512,689 | $19M | 0.2% | 2026-Q2 |
| Fortis Capital Management LLC added | 501,416 | $18M | 0.2% | 2026-Q2 |
| Asset Management Group, Inc. trimmed | 498,057 | $18M | 0.2% | 2026-Q2 |
| LODESTAR PRIVATE ASSET MANAGEMENT LLC added | 494,924 | $18M | 0.2% | 2026-Q2 |
| Sherwood Financial Partners, LLC trimmed | 493,878 | $18M | 0.2% | 2026-Q2 |
| PITTENGER & ANDERSON INC added | 487,343 | $18M | 0.2% | 2026-Q2 |
| Womack Financial LLC trimmed | 486,443 | $18M | 0.2% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC added | 486,421 | $18M | 0.2% | 2026-Q2 |
| Trinity Legacy Partners, LLC trimmed | 481,343 | $17M | 0.2% | 2026-Q2 |
| Harbor Group, Inc. added | 478,114 | $18M | 0.2% | 2026-Q2 |
| HHM Wealth Advisors, LLC trimmed | 472,953 | $17M | 0.2% | 2026-Q2 |
| Spinnaker Investment Group, LLC added | 472,438 | $17M | 0.2% | 2026-Q2 |
| IMA Advisory Services, Inc. added | 471,971 | $17M | 0.2% | 2026-Q2 |
| Farther Finance Advisors, LLC added | 468,804 | $17M | 0.2% | 2026-Q2 |
| Focus Financial Network, Inc. trimmed | 465,129 | $17M | 0.2% | 2026-Q2 |
| Clearwater Capital Advisors, LLC trimmed | 464,741 | $17M | 0.2% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN trimmed | 464,605 | $17M | 0.2% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP added | 460,100 | $17M | 0.2% | 2026-Q2 |
| Kestra Advisory Services, LLC added | 456,059 | $17M | 0.2% | 2026-Q2 |
| Courage Miller Partners, LLC trimmed | 455,266 | $17M | 0.2% | 2026-Q2 |
| Schneider Downs Wealth Management Advisors, LP trimmed | 451,823 | $17M | 0.2% | 2026-Q2 |
| Rockefeller Capital Management L.P. added | 446,605 | $16M | 0.2% | 2026-Q2 |
| Pacific Sage Partners, LLC added | 439,926 | $16M | 0.2% | 2026-Q2 |
| White & Co Financial Planning Inc added | 439,692 | $16M | 0.2% | 2026-Q2 |
| Fifth Third Securities, Inc. trimmed | 433,827 | $16M | 0.2% | 2026-Q2 |
| BENJAMIN EDWARDS INC added | 433,379 | $16M | 0.2% | 2026-Q2 |
| Clear Creek Financial Management, LLC added | 431,877 | $16M | 0.2% | 2026-Q2 |
| Cannon Capital Management, Inc. trimmed | 425,771 | $16M | 0.2% | 2026-Q2 |
| JPMORGAN CHASE & CO trimmed | 415,997 | $15M | 0.2% | 2026-Q2 |
| HORIZON FINANCIAL SERVICES, LLC added | 405,444 | $15M | 0.2% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC added | 399,513 | $15M | 0.2% | 2026-Q2 |
| St. Johns Investment Management Company, LLC trimmed | 396,599 | $15M | 0.2% | 2026-Q2 |
| Peak Financial Management, Inc. added | 393,869 | $15M | 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.