Signal dossier · Q1 2026

SCHW

Charles Schwab · Financials

Informational only — not investment advice. HoldLens tracks institutional positioning from public 13F filings. We are not a registered investment advisor and do not provide recommendations to buy or sell securities. Our 2026 backtest over 221 ticker-quarter pairs found the ConvictionScore has no predictive signal for forward returns (Pearson r = −0.12). The rankings describe what tracked superinvestors were accumulating or selling at the latest 13F snapshot — useful as market intelligence, not as personal investment advice. 13F data is reported with a 45-day SEC filing lag.

See the backtest →

ConvictionScore · single −100..+100 scale

Net buying

+25

4Q ACCUM

on a signed +100 buy scale · Slight accumulation

1 tracked manager buying with 1 on a 4+ quarter streak. MODERATE signal.

Unified ConvictionScore · −100..+100

Smart money + insider + track record + trend + concentration + contrarian − dissent − crowding

+25

Buy component

+30

Dissent penalty

−5

Unanimity bonus

+10

Quality differential

Info density

Buyers / Sellers

1 / 1

ConvictionScore v5 · 9-layer breakdown

13F superinvestor moves + Form 4 insider trades + 8-K material events. The SEC Signals trilogy.

+25

Smart money (13F)

Insider activity (Form 4)

Track record (CAGR)

-1

Trend streak

+10

Concentration

+10

Contrarian bonus

Event signal (8-K)

− Dissent penalty

−5

− Crowding penalty

−0

Owners: 2·Buyers: 16·Sellers: 7·Buyer-CAGR-weighted expected return: +12.2% ±1.7%·How this is computed

Why this score?

See the 9 factors that produced +25 for SCHW

HoldLens's ConvictionScore is the sum of 9 factors clamped to −100/+100. Each factor has a known min/max range; the math is deterministic and reproducible. Every input traces to a public SEC filing. Full methodology →

Factor	Contribution	Range	What it measures
Smart money	+8	0 to +30	Sum of buyer manager quality × consensus (number of managers buying weighted by track record).
Insider activity	+3	-15 to +20	Form 4 CEO/CFO/director discretionary buys (+) or sells (−) in last 90 days.
Track record	-1	-10 to +20	Buyer's 10-year compound annual return × position concentration. Pros placing big bets count more.
Trend streak	+10	0 to +10	Multi-quarter compounding — managers adding for 3+ consecutive quarters.
Concentration	+10	0 to +10	Biggest position size among buyers — proves conviction.
Contrarian bonus	0	0 to +10	Under-the-radar — fewer total managers know about it = more upside if right.
8-K events	0	-15 to +5	Material events filed last 90 days — Chapter 11 (−), CEO change, M&A, etc.
Dissent	+5	-40 to +0	Sellers subtract from the buy signal — weighted ×1.6 relative to buys.
Crowding	0	-10 to +0	Too many managers holding = price already reflects consensus = less upside.
Sum (clamped −100/+100)	+25	−100 to +100	(raw sum 35 clamped to score 25)

How to read: emerald = positive contribution to the buy signal; rose = penalty (sellers, crowded ownership, bearish 8-K events). Hover any factor name in the methodology page for the exact formula. Every number is computed at build time from EDGAR filings — no proprietary opinion layer, no editorial scoring. For SCHW specifically: 16 buyers vs 7 sellers among the 30 tracked managers.

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8-quarter activity

Distinct managers buying or selling SCHW each quarter — last 2 years.

5 buy moves·0 sell moves·net buying

'24 Q1

'24 Q2

'24 Q3

'24 Q4

'25 Q1

'25 Q2

'25 Q3

'25 Q4

'26 Q1

Buyers (new + add)Sellers (trim + exit)

Ownership breadth · 8 quarters

Breadth flat

+1 owners over 8Q

Q1 '24

Q2 '24

Q3 '24

Q4 '24

Q1 '25

Q2 '25

Q3 '25

Q4 '25

Q1 '26

The number of superinvestors holding this name has been stable for 8 quarters. See the most-owned names across all tracked managers →

Multi-quarter conviction

Managers who have been moving the same direction on SCHW for 2+ consecutive quarters. Streaks matter far more than single-quarter moves — they reveal thesis conviction, not reactive trading.

Consecutive-quarter BUYERS

Glenn Greenberg
Brave Warrior Advisors
4Q

Smart money activity

Every tracked 13F move on SCHW — grouped by quarter, ranked by manager quality.

Smart money activity

16 buys · 7 sells across tracked 13F filings

Net signal: Heavy accumulation

Q4 2025(4 moves)

Portfolio manager	Activity	Share change	% portfolio
John ArmitageTier 1 Egerton Capital New Schwab position.	Buy (new)	+1.40M	4.70%
Glenn Greenberg Brave Warrior Advisors Concentrating further on top conviction.	Add 10.00%	+950K	19.60%
Andreas HalvorsenElite Viking Global Investors	Reduce 16.00%	-2.71M	3.70%
Joel GreenblattElite Gotham Asset Management	Reduce 25.00%	-758K	0.10%

Q3 2025(3 moves)

Portfolio manager	Activity	Share change	% portfolio
Joel GreenblattElite Gotham Asset Management	Add 21.00%	+534K	0.20%
Glenn Greenberg Brave Warrior Advisors Top conviction add.	Add 8.00%	+700K	17.80%
Bill Nygren Oakmark Funds	Reduce 8.00%	-1.73M	3.30%

Q2 2025(5 moves)

Portfolio manager	Activity	Share change	% portfolio
François RochonTier 1 Giverny Capital	Add 65.00%	+618K	4.90%
Joel GreenblattElite Gotham Asset Management	Add 8.00%	+192K	0.20%
Glenn Greenberg Brave Warrior Advisors Starting the big Schwab build.	Add 6.00%	+540K	16.90%
Andreas HalvorsenElite Viking Global Investors	Reduce 11.00%	-1.94M	4.20%
Bill Nygren Oakmark Funds	Reduce 17.00%	-4.64M	3.40%

Q1 2025(3 moves)

Portfolio manager	Activity	Share change	% portfolio
Andreas HalvorsenElite Viking Global Investors	Add 21.00%	+3.06M	4.40%
Joel GreenblattElite Gotham Asset Management	Add 694%	+2.06M	0.20%
Glenn Greenberg Brave Warrior Advisors Pre-building Schwab.	Add 4.00%	+340K	16.30%

Q4 2024(2 moves)

Portfolio manager	Activity	Share change	% portfolio
Andreas HalvorsenElite Viking Global Investors	Add 526%	+12.32M	3.50%
Joel GreenblattElite Gotham Asset Management	Add 231%	+207K	0.00%

Q3 2024(4 moves)

Portfolio manager	Activity	Share change	% portfolio
François RochonTier 1 Giverny Capital	Add 8.00%	+66K	2.30%
Andreas HalvorsenElite Viking Global Investors	Buy (new)	+2.34M	0.60%
Bill Nygren Oakmark Funds	Add 23.00%	+5.30M	2.40%
Joel GreenblattElite Gotham Asset Management	Reduce 42.00%	-66K	0.00%

Insider activity

What the company's own executives and directors are doing — buys are highly bullish.

Insider activity (Form 4)

3 buys · 4 sells from corporate insiders

Net: INSIDER SELLING

Insider	Action	Shares	Value	Date
Sarin Arun Director	sell	7,866	$0	May 13, 2026
Sarin Arun Director	sell	2,500	$228K	May 13, 2026
Sarin Arun Director	buy	7,866	$228K	May 13, 2026
Sarin Arun Director	sell	7,866	$0	May 13, 2026
Sarin Arun Director	sell	2,500	$228K	May 13, 2026
Sarin Arun Director	buy	7,866	$228K	May 13, 2026
Walt Bettinger Co-Chairman First buy in 2 years — bullish.	buy	30,000	$2.16M	Nov 22, 2025

Latest news

Recent headlines for SCHW — context for the moves above.

Who’s betting biggest on SCHW

Financials sector →→ Ranks #6 of 64 tracked bets

Each bar is one manager’s position size in SCHW as a % of their portfolio. Longer bar = bigger conviction bet. T1 badge marks the highest-quality track records.

Glenn Greenberg

17.8%

“Top conviction. Fee compression priced in.”

John ArmitageT1

4.7%

“Discount broker franchise.”

AI thesis

An AI-synthesised investment thesis for SCHW, based on the 13F data above. Generated on demand — not stored or pre-computed.

AI thesis

Claude Haiku synthesis of net buying positioning from 2 institutional filers

Generate a 2-paragraph investment thesis synthesising 2 institutional holdings and the +25 conviction score.

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The HoldLens signal dossier shows the unified −100..+100 ConvictionScore alongside live prices, multi-quarter trend detection, insider activity, and real-time news. Not investment advice. Methodology.

Sister property: SecFilingDex — the encyclopedic reference for every SEC form variant (13F-HR / 13F-NT / 13F-HR/A) and the regulatory citation behind the data on this page.