Charles Schwab self-directed brokerage accounts have equity tilt

Charles Schwab’s self-directed brokerage account participants had the largest portion of assets, 35.7%, invested in individual equities as of Dec. 31, based on aggregate data collected by Charles Schwab from its Personal Choice Retirement Accounts with balances ranging from $5,000 to $10 million. The next two largest holdings were mutual funds’ 27% and exchange-traded funds’ 26% weightings.

PCRA participants skew male, making up 77.2% of the accounts. Examining age brackets, Generation X represented the largest portion, 46.7%, followed by millennials (25.9%) and baby boomers (24.4%).

Schwab PCRA participants heavily weighted information technology and consumer discretionary sectors in their equity portfolios. The former made up 37.7%, and the latter, 18.3%. Financial and communication services were the third and fourth largest sector holdings at 10.4% and 8.2%, respectively.

Apple and NVIDIA were the largest individual stock holdings, each with about a 10.3% weight. Tesla was next at 8.1%.