Vault-13

NEOS ETF TRUST SPYI

NEOS S&P 500 HI · ETP · CUSIP 78433H303

353 institutional holders +56 vs Q3 2025
22,141,44522.1m shares reported held*
$1.2bnreported value*
69 new 194 added 43 reduced 26 sold out net bought ≈ $228.3m (+4.4m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $52.46. Options: 5 managers hold calls ($17.5m notional), 3 hold puts ($9.1m).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 2Q4 22: 4Q1 23: 4Q2 23: 15Q3 23: 30Q4 23: 62Q1 24: 84Q2 24: 112Q3 24: 136Q4 24: 170Q1 25: 194Q2 25: 236Q3 25: 297Q4 25: 353353Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 20222
Q4 20224
Q1 20234
Q2 202315
Q3 202330
Q4 202362
Q1 202484
Q2 2024112
Q3 2024136
Q4 2024170
Q1 2025194
Q2 2025236
Q3 2025297
Q4 2025353

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
4000400Q1 24: 64 bought or addedQ1 24: 14 cut or sold outQ2 24: 91 bought or addedQ2 24: 18 cut or sold outQ2 24Q3 24: 105 bought or addedQ3 24: 32 cut or sold outQ4 24: 127 bought or addedQ4 24: 31 cut or sold outQ4 24Q1 25: 137 bought or addedQ1 25: 56 cut or sold outQ2 25: 182 bought or addedQ2 25: 52 cut or sold outQ2 25Q3 25: 228 bought or addedQ3 25: 58 cut or sold outQ4 25: 263 bought or addedQ4 25: 69 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20246414
Q2 20249118
Q3 202410532
Q4 202412731
Q1 202513756
Q2 202518252
Q3 202522858
Q4 202526369

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$5m$10m$15m$20mQ1 25 calls: $2.9mQ1 25 puts: $3.8mQ1 25P/C 1.31Q2 25 calls: $6.4mQ2 25 puts: $5.6mQ2 25P/C 0.88Q3 25 calls: $10.6mQ3 25 puts: $8.6mQ3 25P/C 0.81Q4 25 calls: $17.5mQ4 25 puts: $9.1mQ4 25P/C 0.52
Numbers
QuarterCallsPutsP/C
Q1 2025$2.9m$3.8m1.31
Q2 2025$6.4m$5.6m0.88
Q3 2025$10.6m$8.6m0.81
Q4 2025$17.5m$9.1m0.52

Biggest buyers

LPL Financial LLC Added +839,220+839.2k
UBS Group AG Added +461,724+461.7k
ROYAL BANK OF CANADA Added +413,801+413.8k
RAYMOND JAMES FINANCIAL INC Added +355,661+355.7k
COMMONWEALTH EQUITY SERVICES, LLC Added +144,982+145.0k
MGO ONE SEVEN LLC Added +134,826+134.8k
Aventura Private Wealth, LLC Added +121,901+121.9k
Cetera Investment Advisers Added +117,640+117.6k
Cambridge Investment Research Advisors, Inc. Added +91,369+91.4k
Marshall & Sterling Wealth Advisors Inc. Added +79,545+79.5k

Biggest sellers

TWO SIGMA INVESTMENTS, LP Reduced -274,600-274.6k
INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC Reduced -102,215-102.2k
READYSTATE ASSET MANAGEMENT LP Sold out -89,408-89.4k
JANE STREET GROUP, LLC Sold out -83,492-83.5k
JPMORGAN CHASE & CO Reduced -62,268-62.3k
Palacios Wealth Management, LLC Reduced -52,727-52.7k
Delta Investment Management, LLC Reduced -20,954-21.0k
Jump Financial, LLC Sold out -19,684-19.7k
Davies Financial Advisors, Inc. Sold out -17,537-17.5k
Integrated Wealth Concepts LLC Reduced -15,063-15.1k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $12.8m244.5k shares
CITADEL ADVISORS LLC Reduced $2.1m39.2k shares
GROUP ONE TRADING LLC Reduced $1.1m21.4k shares
IMC-Chicago, LLC New $782.7k14.9k shares
JANE STREET GROUP, LLC New $709.2k13.5k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $6.9m132.1k shares
CITADEL ADVISORS LLC Reduced $1.2m22.4k shares
JANE STREET GROUP, LLC New $950.8k18.1k shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LPL Financial LLC 0.05% of their portfolio FORT MILL, SC 3,139,8733.1m $164.9m $164.9m 0.05% Added +839.2k +839,220
2 Gradient Investments LLC 1.49% of their portfolio ARDEN HILLS, MN 1,785,2481.8m $93.8m $93.8m 1.49% Added +32.3k +32,277
3 UBS Group AG 0.01% of their portfolio ZURICH, V8 1,054,3741.1m $55.4m $55.4m 0.01% Added +461.7k +461,724
4 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 927,241927.2k $48.7m $48.7m 0.01% Added +413.8k +413,801
5 MML INVESTORS SERVICES, LLC 0.08% of their portfolio SPRINGFIELD, MA 645,689645.7k $33.9m $33.9m 0.08% Added +70.9k +70,938
6 STIFEL FINANCIAL CORP 0.03% of their portfolio ST. LOUIS, MO 601,401601.4k $31.6m $31.6m 0.03% Reduced -10.5k -10,537
7 Private Advisor Group, LLC 0.13% of their portfolio MORRISTOWN, NJ 545,741545.7k $28.7m $28.7m 0.13% Added +75.2k +75,230
8 Howard Capital Management, LLC 0.31% of their portfolio Alpharetta, GA 453,565453.6k $23.8m $23.8m 0.31% Added +41.7k +41,679
9 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 444,643444.6k $23.4m $23.4m 0.01% Added +355.7k +355,661
10 MADDEN SECURITIES Corp 6.82% of their portfolio DALLAS, TX 426,007426.0k $22.4m $22.4m 6.82% Added +73.2k +73,152
11 Merit Financial Group, LLC 0.18% of their portfolio ALPHARETTA, GA 425,441425.4k $22.3m $22.3m 0.18% Added +15.9k +15,919
12 Second Half Financial Partners, LLC 9.44% of their portfolio SEBRING, FL 404,802404.8k $21.3m $21.3m 9.44% Unchanged
13 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 392,858392.9k $20.6m $20.6m 0.02% Added +117.6k +117,640
14 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 341,303341.3k $17.9m $17.9m 0.01% Reduced -11.2k -11,222
15 Cascade Wealth Advisors, Inc 8.04% of their portfolio WENATCHEE, WA 329,951330.0k $17.4m $17.4m 8.04% Added +9.5k +9,521
16 URS Advisory LLC 11.25% of their portfolio JUPITER, FL 257,712257.7k $13.5m $13.5m 11.25% First filing
17 Aventura Private Wealth, LLC 4.54% of their portfolio AVENTURA, FL 240,530240.5k $12.6m $12.6m 4.54% Added +121.9k +121,901
18 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 208,039208.0k $10.9m $10.9m 0.01% Added +145.0k +144,982
19 Kestra Advisory Services, LLC 0.04% of their portfolio AUSTIN, TX 206,047206.0k $10.8m $10.8m 0.04% Added +22.9k +22,910
20 INDEPENDENT FINANCIAL GROUP, LLC 0.24% of their portfolio SAN DIEGO, CA 201,235201.2k $10.6m $10.6m 0.24% Added +36.5k +36,533
21 Cambridge Investment Research Advisors, Inc. 0.03% of their portfolio FAIRFIELD, IA 191,684191.7k $10.1m $10.1m 0.03% Added +91.4k +91,369
22 Stratos Wealth Partners, LTD. 0.11% of their portfolio BEACHWOOD, OH 182,960183.0k $9.6m $9.6m 0.11% Added +23.2k +23,183
23 Ausdal Financial Partners, Inc. 0.44% of their portfolio Davenport, IA 180,663180.7k $9.5m $9.5m 0.44% Added +14.2k +14,171
24 Teamwork Financial Advisors, LLC 1.00% of their portfolio San Antonio, TX 178,663178.7k $9.4m $9.4m 1.00% Added +75.6k +75,565
25 Summit Financial, LLC 0.13% of their portfolio PARSIPPANY, NJ 170,596170.6k $9.0m $9.0m 0.13% Added +63.5k +63,529
26 Steele Capital Management, Inc. 0.36% of their portfolio DUBUQUE, IA 160,190160.2k $8.4m $8.4m 0.36% Added +34.2k +34,185
27 SageGuard Financial Group, LLC 1.29% of their portfolio GOODLETTSVILLE, TN 154,528154.5k $8.1m $8.1m 1.29% First filing
28 Capital Investment Advisory Services, LLC 0.57% of their portfolio RALEIGH, NC 154,527154.5k $8.1m $8.1m 0.57% Added +54.0k +54,021
29 Orion Porfolio Solutions, LLC 0.06% of their portfolio OMAHA, NE 147,240147.2k $7.7m $7.7m 0.06% Added +54.4k +54,358
30 MGO ONE SEVEN LLC 0.15% of their portfolio Beachwood, OH 139,954140.0k $7.4m $7.4m 0.15% Added +134.8k +134,826
31 PREVAIL INNOVATIVE WEALTH ADVISORS, LLC 1.27% of their portfolio LEAWOOD, KS 135,402135.4k $7.1m $7.1m 1.27% Added +5.4k +5,408
32 Brown Financial Advisors 2.32% of their portfolio MILFORD, OH 120,573120.6k $6.3m $6.3m 2.32% Reduced -307 -307
33 Chung Wu Investment Group, LLC 5.13% of their portfolio SUGAR LAND, TX 119,460119.5k $6.3m $6.3m 5.13% Added +21.2k +21,230
34 Foguth Wealth Management, LLC. 0.96% of their portfolio BRIGHTON, MI 118,184118.2k $6.2m $6.2m 0.96% First filing
35 Apollon Wealth Management, LLC 0.10% of their portfolio MOUNT PLEASANT, SC 114,601114.6k $6.0m $6.0m 0.10% Added +65.9k +65,935
36 Mattson Financial Services, LLC 1.39% of their portfolio KENTWOOD, MI 113,435113.4k $6.0m $6.0m 1.39% Reduced -5.1k -5,076
37 RiverTree Advisors, LLC 3.73% of their portfolio WINTER PARK, FL 111,339111.3k $5.8m $5.8m 3.73% Reduced -3.2k -3,204
38 Indivisible Partners 0.63% of their portfolio CLEARWATER, FL 110,951111.0k $5.8m $5.8m 0.63% First filing
39 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 109,483109.5k $5.8m $5.8m 0.01% Added +7.4k +7,392
40 Independence Wealth Advisors, LLC 3.04% of their portfolio INDEPENDENCE, OH 102,789102.8k $5.4m $5.4m 3.04% First filing
41 Delta Investment Management, LLC 0.93% of their portfolio SAN FRANCISCO, CA 101,971102.0k $5.4m $5.4m 0.93% Reduced -21.0k -20,954
42 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 99,91499.9k $5.2m $5.2m 0.01% Added +13.9k +13,910
43 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 97,30097.3k $5.1m $5.1m 0.01% Reduced -9.0k -8,971
44 Kingsview Wealth Management, LLC 0.07% of their portfolio GRANTS PASS, OR 92,56292.6k $4.9m $4.9m 0.07% Added +35.1k +35,123
45 StoneCrest Wealth Management, Inc. 1.96% of their portfolio CHANDLER, AZ 92,52792.5k $4.9m $4.9m 1.96% Added +11.0k +11,000
46 Marshall & Sterling Wealth Advisors Inc. 2.95% of their portfolio POUGHKEEPSIE, NY 85,08385.1k $4.5m $4.5m 2.95% Added +79.5k +79,545
47 Belpointe Asset Management LLC 0.16% of their portfolio RENO, NV 82,24682.2k $4.3m $4.3m 0.16% Added +22.7k +22,673
48 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 81,82881.8k $4.3m $4.3m 0.00% Added +40.9k +40,914
49 HBW ADVISORY SERVICES LLC 0.46% of their portfolio SIMI VALLEY, CA 80,26080.3k $4.2m $4.2m 0.46% Added +24.2k +24,190
50 High Net Worth Advisory Group LLC 0.96% of their portfolio NAPLES, FL 79,68079.7k $4.2m $4.2m 0.96% Added +21.8k +21,775
51 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 78,66478.7k $4.1m $4.1m 0.00% Added +32.2k +32,181
52 NFSG Corp 0.63% of their portfolio BOCA RATON, FL 77,66077.7k $4.1m $4.1m 0.63% Added +14.7k +14,664
53 RFG Advisory, LLC 0.08% of their portfolio BIRMINGHAM, AL 77,08177.1k $4.0m $4.0m 0.08% Added +12.2k +12,247
54 Legacy Capital Wealth Partners, LLC 0.86% of their portfolio LITTLE ROCK, AR 76,07876.1k $4.0m $4.0m 0.86% Added +4.1k +4,144
55 Waverly Advisors, LLC 0.03% of their portfolio BIRMINGHAM, AL 75,56575.6k $4.0m $4.0m 0.03% Added +4.5k +4,455
56 CAPITAL ADVISORY GROUP ADVISORY SERVICES, LLC 1.16% of their portfolio Phoenix, AZ 74,82874.8k $3.9m $3.9m 1.16% Added +16.3k +16,266
57 J.W. COLE ADVISORS, INC. 0.05% of their portfolio TAMPA, FL 72,52772.5k $2.0m $2.0m 0.05% Added +11.0k +11,047
58 Fortis Group Advisors, LLC 0.64% of their portfolio WESTWOOD, NJ 72,17972.2k $3.8m $3.8m 0.64% Added +66 +66
59 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.25% of their portfolio ORLANDO, FL 70,82570.8k $3.7m $3.7m 0.25% Reduced -102.2k -102,215
60 Investment Partners Asset Management, Inc. 2.31% of their portfolio METUCHEN, NJ 70,53570.5k $3.7m $3.7m 2.31% New
61 Perennial Investment Advisors, LLC 0.29% of their portfolio Los Angeles, CA 70,38670.4k $3.7m $3.7m 0.29% Added +15.7k +15,672
62 Mutual Advisors, LLC 0.08% of their portfolio OMAHA, NE 67,38767.4k $3.5m $3.5m 0.08% Added +13.3k +13,271
63 IFG Advisory, LLC 0.15% of their portfolio ATLANTA, GA 65,72065.7k $3.5m $3.5m 0.15% Reduced -1.0k -1,014
64 FSA Advisors, Inc. 2.39% of their portfolio TROY, MI 65,43865.4k $3.4m $3.4m 2.39% Added +23.6k +23,627
65 PFG Investments, LLC 0.16% of their portfolio WOODBURY, NY 63,99564.0k $3.4m $3.4m 0.16% Added +2.5k +2,485
66 Garden State Investment Advisory Services LLC 0.80% of their portfolio Red Bank, NJ 63,74563.7k $3.3m $3.3m 0.80% Added +1.9k +1,883
67 Ameritas Advisory Services, LLC 0.12% of their portfolio Lincoln, NE 62,52562.5k $3.3m $3.3m 0.12% Added +55.0k +55,013
68 UNIQUE WEALTH, LLC 0.42% of their portfolio TAMPA, FL 56,75856.8k $3.0m $3.0m 0.42% Added +8.5k +8,463
69 Sowell Financial Services LLC 0.11% of their portfolio NORTH LITTLE ROCK, AR 56,50156.5k $3.0m $3.0m 0.11% New
70 Guardian Financial Partners, LLC 1.25% of their portfolio ORANGE, CA 56,46756.5k $3.0m $3.0m 1.25% Reduced -5.6k -5,645
71 Aspen Investment Management Inc 0.88% of their portfolio GRAND RAPIDS, MI 55,71055.7k $2.9m $2.9m 0.88% Added +31.8k +31,830
72 CARY STREET PARTNERS FINANCIAL LLC 0.07% of their portfolio RICHMOND, VA 55,59855.6k $2.9m $2.9m 0.07% Added +44.2k +44,227
73 Arete Wealth Advisors, LLC 0.20% of their portfolio CHICAGO, IL 54,48854.5k $2.9m $2.9m 0.20% Added +2.8k +2,778
74 Astoria Portfolio Advisors LLC. 0.62% of their portfolio NEW YORK, NY 52,98153.0k $2.7m $2.7m 0.62% Added +21.2k +21,183
75 Palacios Wealth Management, LLC 2.13% of their portfolio ORMOND BEACH, FL 52,90952.9k $2.8m $2.8m 2.13% Reduced -52.7k -52,727
76 Owen LaRue, LLC 1.06% of their portfolio ELIZABETHTOWN, KY 52,85752.9k $2.8m $2.8m 1.06% Added +10.9k +10,905
77 Triumph Capital Management 0.60% of their portfolio DENVER, CO 52,44352.4k $2.8m $2.8m 0.60% Reduced -158 -158
78 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 52,31452.3k $2.7m $2.7m 0.00% Added +4.5k +4,534
79 Fullerton Advisors, LLC 2.64% of their portfolio DANVILLE, CA 50,40050.4k $2.6m $2.6m 2.64% First filing
80 3EDGE Asset Management, LP 0.14% of their portfolio Naples, FL 50,04350.0k $2.6m $2.6m 0.14% Added +4.0k +3,967
81 AE Wealth Management LLC 0.02% of their portfolio TOPEKA, KS 49,84049.8k $2.6m $2.6m 0.02% Added +44.8k +44,782
82 SMITH, MOORE & CO. 0.19% of their portfolio CLAYTON, MO 47,80047.8k $2.5m $2.5m 0.19% Reduced -2.3k -2,261
83 Gainplan LLC 0.92% of their portfolio BLOOMFIELD HILLS, MI 46,84746.8k $2.5m $2.5m 0.92% Added +6.9k +6,891
84 Lifeworks Advisors, LLC 0.32% of their portfolio GRAND RAPIDS, MI 46,80546.8k $2.5m $2.5m 0.32% New
85 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 45,39145.4k $2.4m $2.4m 0.00% Added +422 +422
86 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 45,04045.0k $2.4m $2.4m 0.00% Added +5.4k +5,417
87 Brookstone Capital Management 0.03% of their portfolio WHEATON, IL 43,22543.2k $2.3m $2.3m 0.03% Added +19.5k +19,508
88 Mariner, LLC 0.00% of their portfolio Overland Park, KS 43,09943.1k $2.3m $2.3m 0.00% Reduced -3.4k -3,366
89 MILESTONE ASSET MANAGEMENT, LLC 0.42% of their portfolio PITTSBURGH, PA 42,55842.6k $2.2m $2.2m 0.42% Added +7.4k +7,410
90 Sigma Planning Corp 0.06% of their portfolio ANN ARBOR, MI 40,62140.6k $2.1m $2.1m 0.06% Added +31.3k +31,301
91 MAI Capital Management 0.01% of their portfolio INDEPENDENCE, OH 40,36540.4k $2.1m $2.1m 0.01% Added +39.7k +39,715
92 Grantvest Financial Group LLC 1.35% of their portfolio MATAWAN, NJ 40,08640.1k $2.1m $2.1m 1.35% Added +8.4k +8,357
93 IEQ CAPITAL, LLC 0.01% of their portfolio Foster City, CA 39,95440.0k $2.1m $2.1m 0.01% Added +788 +788
94 LEE JOHNSON CAPITAL MANAGEMENT, LLC 0.71% of their portfolio FORT WORTH, TX 39,53439.5k $2.1m $2.1m 0.71% New
95 Paladin Wealth, LLC 1.41% of their portfolio ARDEN HILLS, MN 39,24639.2k $2.1m $2.1m 1.41% Added +4.6k +4,560
96 OPPENHEIMER & CO INC 0.03% of their portfolio NEW YORK, NY 38,86538.9k $2.0m $2.0m 0.03% Reduced -7.1k -7,138
97 Thompson David Blair 1.16% of their portfolio CHARLOTTE, NC 38,62438.6k $2.0m $2.0m 1.16% First filing
98 U.S. Capital Wealth Advisors, LLC 0.05% of their portfolio AUSTIN, TX 38,37738.4k $2.0m $2.0m 0.05% Added +135 +135
99 VERUS CAPITAL PARTNERS, LLC 0.13% of their portfolio SCOTTSDALE, AZ 38,27338.3k $2.0m $2.0m 0.13% Added +29.4k +29,384
100 HRT FINANCIAL LP 0.01% of their portfolio NEW YORK, NY 37,92137.9k $2.0m $2.0m 0.01% Added +5.7k +5,733