D1 Capital Partners L.P. 13F: Cuts SCHW Stake by $74M

D1 Capital Partners Trims Schwab Holding

D1 Capital Partners L.P. scaled back its investment in The Charles Schwab Corporation (NYSE: SCHW) during the period ended May 15, 2026, according to a recent Form 13F filing with the SEC. The filing reflects holdings as of the reporting date and may not represent the investor's current position today. Inside the portfolio adjustment, the fund cut 797,400 shares to bring its ending count to 2,357,390 shares. That move equals a 25.3% decrease from the prior count of 3,154,790 shares. At the close of the reporting window, the remaining stake carried a reported value of about $217.5 million.

Stock Trades Below Recent Averages

Shares of The Charles Schwab Corporation have traded around $92.27 recently, sitting well below their 50-day moving average of $104.75. The stock has moved inside a 52-week range spanning from a low of $83.96 up to a high of $114.53. This backward-looking filing captures institutional positioning from a period when the brokerage and wealth management firm navigated shifting market conditions.

Insider Buying and Selling at The Charles Schwab Corporation

In related activity at the firm, insider Stephen Ellis disposed of 2,258 shares on June 23, 2026. Insider transactions of this nature are routine and can occur for various personal financial reasons.

Wall Street Updates Price Targets

Wall Street firms continue to review their outlooks for the company. On October 16, 2026, Wells Fargo maintained an equal-weight rating while adjusting its price target to $103.00 from $105.00. On the same day, JP Morgan kept an overweight rating and moved its target to $147.00, while Evercore ISI Group kept an in-line rating with a target of $104.00. TD Cowen reaffirmed a buy rating with a target of $129.00, Citizens kept a market outperform rating at $120.00, and Truist Securities maintained a buy rating while moving its target from $125.00 to $112.00.

Wealth Management and Brokerage Operations

Headquartered in Westlake, Texas, The Charles Schwab Corporation operates as a savings and loan holding company through its subsidiaries. It delivers wealth management, securities brokerage, banking, asset management, custody, and financial advisory services to individual investors and independent financial advisors across the United States and internationally.

What to Watch at The Charles Schwab Corporation

Investors tracking institutional flows should remember that 13F disclosures are historical documents filed months after the quarter ends. Future filings will show whether D1 Capital Partners continues to pare its exposure or stabilizes its stake in the brokerage firm ahead of upcoming financial reports.