Vault-13

SPDR S&P 500 ETF TR SPY

TR UNIT · ETP · CUSIP 78462F103 · ISIN US78462F1030

3,267 institutional holders -44 vs Q4 2022
555,652,886555.7m shares reported held*
$215.3bnreported value*
142 new 1,154 added 1,500 reduced 168 sold out net sold ≈ $4.9bn (+14.5m 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 ($725.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $387.58. Options: 155 managers hold calls ($222.8bn notional), 371 hold puts ($439.4bn).

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

02k4kQ3 22: 3,063Q4 22: 3,311Q1 23: 3,2673,267Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 20223,063
Q4 20223,311
Q1 20233,267

Buyers vs sellers

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

Bought or addedCut or sold out
2k02kQ4 22: 1,513 bought or addedQ4 22: 1,305 cut or sold outQ4 22Q1 23: 1,296 bought or addedQ1 23: 1,668 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 20221,5131,305
Q1 20231,2961,668

Calls vs puts

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

CallsPuts
$0$200bn$400bn$600bnQ3 22 calls: $196.0bnQ3 22 puts: $326.2bnQ3 22P/C 1.66Q4 22 calls: $189.7bnQ4 22 puts: $314.0bnQ4 22P/C 1.66Q1 23 calls: $222.8bnQ1 23 puts: $439.4bnQ1 23P/C 1.97
Numbers
QuarterCallsPutsP/C
Q3 2022$196.0bn$326.2bn1.66
Q4 2022$189.7bn$314.0bn1.66
Q1 2023$222.8bn$439.4bn1.97

Biggest buyers

ENVESTNET ASSET MANAGEMENT INC Added +27,295,086+27.3m
MORGAN STANLEY Added +4,067,483+4.1m
FMR LLC Added +3,981,925+4.0m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +3,048,667+3.0m
CITIGROUP INC Added +2,756,069+2.8m
JANE STREET GROUP, LLC Added +2,348,811+2.3m
GOLDMAN SACHS GROUP INC Added +2,281,794+2.3m
CTC LLC Added +1,796,518+1.8m
BNP PARIBAS FINANCIAL MARKETS Added +1,613,708+1.6m
BANK OF MONTREAL /CAN/ Added +1,593,912+1.6m

Biggest sellers

WELLS FARGO & COMPANY/MN Reduced -13,022,496-13.0m
CIBC WORLD MARKETS CORP Reduced -6,455,000-6.5m
BANK OF NOVA SCOTIA Reduced -4,969,141-5.0m
CLEAR STREET LLC Sold out -4,400,000-4.4m
CANTOR FITZGERALD, L. P. Reduced -2,343,682-2.3m
JPMORGAN CHASE & CO Reduced -2,130,384-2.1m
NATIONAL BANK OF CANADA /FI/ Reduced -2,080,786-2.1m
CAXTON ASSOCIATES LP Reduced -1,355,728-1.4m
Parallax Volatility Advisers, L.P. Reduced -1,295,235-1.3m
ING GROEP NV Reduced -1,128,297-1.1m

Biggest calls

CTC LLC Added $34.5bn854.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $29.7bn72.4m shares
CITADEL ADVISORS LLC Reduced $26.4bn64.4m shares
Optiver Holding B.V. Added $24.4bn59.5m shares
JANE STREET GROUP, LLC Reduced $15.3bn37.5m shares
Belvedere Trading LLC Reduced $12.1bn29.5m shares
IMC-Chicago, LLC Added $10.9bn26.5m shares
BARCLAYS PLC Reduced $9.8bn23.9m shares
SIMPLEX TRADING, LLC Added $7.8bn19.0m shares
WOLVERINE TRADING, LLC Added $7.5bn18.6m shares

Biggest puts

Optiver Holding B.V. Added $47.5bn116.1m shares
CITADEL ADVISORS LLC Added $43.6bn106.4m shares
CTC LLC Added $38.6bn955.4k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $35.3bn86.3m shares
BARCLAYS PLC Reduced $23.0bn56.2m shares
IMC-Chicago, LLC Added $22.5bn54.9m shares
JANE STREET GROUP, LLC Added $21.5bn52.5m shares
1832 Asset Management L.P. Added $20.1bn49.0m shares
Belvedere Trading LLC Added $15.9bn38.8m shares
BANK OF AMERICA CORP /DE/ Added $15.3bn37.3m 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.

Insider purchases and sales in Q1 2023

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported in Q1 2023.

Holders, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JPMORGAN CHASE & CO 2.77% of their portfolio NEW YORK, NY 52,188,72152.2m $21.4bn $21.4bn 2.77% Reduced -2.1m -2,130,384
2 GOLDMAN SACHS GROUP INC 4.42% of their portfolio NEW YORK, NY 40,081,73540.1m $16.4bn $16.4bn 4.42% Added +2.3m +2,281,794
3 BANK OF AMERICA CORP /DE/ 1.52% of their portfolio CHARLOTTE, NC 32,296,92432.3m $13.2bn $13.2bn 1.52% Reduced -529.8k -529,833
4 ENVESTNET ASSET MANAGEMENT INC 0.60% of their portfolio Berwyn, PA 30,803,78530.8m $1.2bn $1.2bn 0.60% Added +27.3m +27,295,086
5 MORGAN STANLEY 1.33% of their portfolio NEW YORK, NY 30,288,87930.3m $12.4bn $12.4bn 1.33% Added +4.1m +4,067,483
6 SUSQUEHANNA INTERNATIONAL GROUP, LLP 11.74% of their portfolio BALA CYNWYD, PA 18,344,68818.3m $7.5bn $7.5bn 11.74% Added +3.0m +3,048,667
7 NORTHERN TRUST CORP 1.09% of their portfolio CHICAGO, IL 13,465,25913.5m $5.5bn $5.5bn 1.09% Reduced -196.8k -196,838
8 WELLS FARGO & COMPANY/MN 1.44% of their portfolio SAN FRANCISCO, CA 11,453,91911.5m $4.7bn $4.7bn 1.44% Reduced -13.0m -13,022,496
9 TD Asset Management Inc 4.87% of their portfolio Toronto, A6 9,856,6559.9m $4.0bn $4.0bn 4.87% Reduced -14.4k -14,359
10 UBS Group AG 1.82% of their portfolio ZURICH, V8 9,624,8469.6m $3.9bn $3.9bn 1.82% Reduced -30.0k -29,967
11 JANE STREET GROUP, LLC 6.69% of their portfolio NEW YORK, NY 9,509,6479.5m $3.9bn $3.9bn 6.69% Added +2.3m +2,348,811
12 BANK OF MONTREAL /CAN/ 1.59% of their portfolio TORONTO, A6 9,190,7729.2m $3.8bn $3.8bn 1.59% Added +1.6m +1,593,912
13 FMR LLC 0.15% of their portfolio BOSTON, MA 8,071,1428.1m $3.3bn $3.3bn 0.15% Added +4.0m +3,981,925
14 ROYAL BANK OF CANADA 0.89% of their portfolio TORONTO, A6 7,276,3847.3m $3.0bn $3.0bn 0.89% Added +1.3m +1,321,230
15 BARCLAYS PLC 2.98% of their portfolio LONDON, X0 7,012,5937.0m $2.9bn $2.9bn 2.98% Added +532.9k +532,865
16 LPL Financial LLC 1.99% of their portfolio FORT MILL, SC 6,250,5086.3m $2.6bn $2.6bn 1.99% Added +262.7k +262,714
17 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 3.19% of their portfolio MILWAUKEE, WI 5,577,4105.6m $2.3bn $2.3bn 3.19% Reduced -130.7k -130,745
18 CITIGROUP INC 3.02% of their portfolio NEW YORK, NY 5,494,8755.5m $2.2bn $2.2bn 3.02% Added +2.8m +2,756,069
19 US BANCORP \DE\ 3.38% of their portfolio MINNEAPOLIS, MN 4,892,9744.9m $2.0bn $2.0bn 3.38% Reduced -192.3k -192,268
20 CTC LLC 61.92% of their portfolio CHICAGO, IL 4,835,1814.8m $2.0bn $2.0bn 61.92% Added +1.8m +1,796,518
21 J.P. Morgan Private Wealth Advisors LLC 4.17% of their portfolio SAN FRANCISCO, CA 4,799,6094.8m $2.0bn $2.0bn 4.17% Reduced -263.9k -263,938
22 PNC Financial Services Group, Inc. 1.59% of their portfolio Pittsburgh, PA 4,423,0714.4m $1.8bn $1.8bn 1.59% Reduced -169.1k -169,087
23 MACKENZIE FINANCIAL CORP 2.41% of their portfolio TORONTO ONTARIO, A6 3,776,7453.8m $1.5bn $1.5bn 2.41% Added +35.8k +35,762
24 NATIXIS 13.83% of their portfolio PARIS, I0 3,659,0533.7m $1.5bn $1.5bn 13.83% Added +1.2m +1,170,853
25 STATE OF MICHIGAN RETIREMENT SYSTEM 9.77% of their portfolio EAST LANSING, MI 3,631,0903.6m $1.5bn $1.5bn 9.77% Reduced -250.3k -250,300
26 TRUIST FINANCIAL CORP 2.44% of their portfolio CHARLOTTE, NC 3,451,0693.5m $1.4bn $1.4bn 2.44% Reduced -277.3k -277,271
27 Creative Planning 2.01% of their portfolio OVERLAND PARK, KS 3,409,6773.4m $1.4bn $1.4bn 2.01% Reduced -193.7k -193,738
28 Bank of New York Mellon Corp 0.30% of their portfolio NEW YORK, NY 3,349,4633.3m $1.4bn $1.4bn 0.30% Reduced -74.6k -74,647
29 STATE STREET CORP 0.07% of their portfolio BOSTON, MA 3,065,1143.1m $1.3bn $1.3bn 0.07% Added +17.4k +17,416
30 TORONTO DOMINION BANK 2.00% of their portfolio TORONTO, ONTARIO, A6 2,990,8173.0m $1.2bn $1.2bn 2.00% Added +311.9k +311,907
31 Norinchukin Bank, The 21.98% of their portfolio TOKYO, M0 2,725,4922.7m $1.1bn $1.1bn 21.98% Unchanged
32 MIZUHO SECURITIES USA LLC 62.12% of their portfolio NEW YORK, NY 2,634,6492.6m $1.1bn $1.1bn 62.12% Added +1.4m +1,370,074
33 National Mutual Insurance Federation of Agricultural Cooperatives 13.30% of their portfolio TOKYO, JAPAN, M0 2,617,8322.6m $1.1bn $1.1bn 13.30% Unchanged
34 AMERIPRISE FINANCIAL INC 0.34% of their portfolio MINNEAPOLIS, MN 2,539,6702.5m $1.0bn $1.0bn 0.34% Reduced -1.0m -1,008,234
35 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 5.65% of their portfolio TORONTO, A6 2,435,8142.4m $997.2m $997.2m 5.65% Added +920.4k +920,400
36 RAYMOND JAMES & ASSOCIATES 0.86% of their portfolio ST PETERSBURG, FL 2,424,9982.4m $992.8m $992.8m 0.86% Reduced -462.4k -462,360
37 BNP PARIBAS FINANCIAL MARKETS 2.11% of their portfolio PARIS, I0 2,389,8312.4m $978.4m $978.4m 2.11% Added +1.6m +1,613,708
38 CANADA PENSION PLAN INVESTMENT BOARD 1.44% of their portfolio TORONTO ONTARIO, A6 2,219,5002.2m $908.6m $908.6m 1.44% Added +517.0k +517,000
39 HighTower Advisors, LLC 1.80% of their portfolio CHICAGO, IL 2,018,3922.0m $826.2m $826.2m 1.80% Reduced -76.7k -76,712
40 SUN LIFE FINANCIAL INC 53.83% of their portfolio Toronto, A6 1,854,3731.9m $759.2m $759.2m 53.83% Reduced -8.1k -8,085
41 COMMONWEALTH EQUITY SERVICES, LLC 1.55% of their portfolio WALTHAM, MA 1,798,0071.8m $736.1m $736.1m 1.55% Added +18.1k +18,122
42 HRT FINANCIAL LP 9.11% of their portfolio NEW YORK, NY 1,781,7811.8m $729.3m $729.3m 9.11% Added +258.3k +258,316
43 Lido Advisors, LLC 10.10% of their portfolio Los Angeles, CA 1,765,1451.8m $722.6m $722.6m 10.10% Added +280.4k +280,393
44 Veritable, L.P. 12.15% of their portfolio Newtown Square, PA 1,728,0021.7m $707.4m $707.4m 12.15% Reduced -19.6k -19,632
45 PRUDENTIAL FINANCIAL INC 1.06% of their portfolio NEWARK, NJ 1,713,3461.7m $676.8m $676.8m 1.06% Reduced -176.0k -176,008
46 Raymond James Financial Services Advisors, Inc. 1.28% of their portfolio ST. PETERSBURG, FL 1,651,2841.7m $676.0m $676.0m 1.28% Reduced -223.0k -222,951
47 CREDIT SUISSE AG/ 0.68% of their portfolio ZURICH, V8 1,635,6751.6m $669.6m $669.6m 0.68% Added +709.3k +709,305
48 Bank Julius Baer & Co. Ltd, Zurich 4.17% of their portfolio ZURICH, V8 1,604,5731.6m $656.9m $656.9m 4.17% Reduced -131.9k -131,942
49 NEW YORK LIFE INSURANCE CO 58.80% of their portfolio NEW YORK, NY 1,590,3181.6m $651.1m $651.1m 58.80% Unchanged
50 Hirtle & Co., LLC 32.01% of their portfolio WEST CONSHOHOCKEN, PA 1,571,3451.6m $643.3m $643.3m 32.01% Added +555.2k +555,249
51 Cerity Partners LLC 1.79% of their portfolio NEW YORK, NY 1,568,2601.6m $684.2m $684.2m 1.79% Added +720.1k +720,092
52 BlackRock Inc. 0.02% of their portfolio New York, NY 1,527,7741.5m $625.5m $625.5m 0.02% Added +110.1k +110,073
53 STIFEL FINANCIAL CORP 0.89% of their portfolio ST. LOUIS, MO 1,523,8231.5m $623.8m $623.8m 0.89% Added +8.4k +8,416
54 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.35% of their portfolio Toronto, A6 1,521,9591.5m $623.1m $623.1m 0.35% Reduced -46.9k -46,871
55 HSBC HOLDINGS PLC 0.78% of their portfolio LONDON, X0 1,496,4941.5m $609.4m $609.4m 0.78% Added +662.0k +662,030
56 NISSAY ASSET MANAGEMENT CORP /JAPAN 5.43% of their portfolio Tokyo, M0 1,483,4831.5m $607.3m $607.3m 5.43% Unchanged
57 OSAIC HOLDINGS, INC. 0.84% of their portfolio SCOTTSDALE, AZ 1,346,0811.3m $449.1m $449.1m 0.84% Reduced -39.8k -39,754
58 Walleye Trading LLC 19.52% of their portfolio NEW YORK, NY 1,343,8831.3m $550.2m $550.2m 19.52% Added +603.3k +603,307
59 Capula Management Ltd 44.75% of their portfolio Grand Cayman, E9 1,257,2251.3m $514.7m $514.7m 44.75% Added +1.1m +1,124,657
60 COMMON FUND FOR NONPROFIT ORGANIZATIONS 89.62% of their portfolio NORWALK, CT 1,249,1621.2m $511.4m $511.4m 89.62% Reduced -22.8k -22,824
61 Bridgewater Associates, LP 3.08% of their portfolio Westport, CT 1,233,1171.2m $504.8m $504.8m 3.08% Reduced -140.9k -140,877
62 Mariner, LLC 1.46% of their portfolio Overland Park, KS 1,230,8441.2m $503.8m $503.8m 1.46% Reduced -33.0k -33,031
63 Trust Asset Management LLC 56.24% of their portfolio HOUSTON, TX 1,220,7611.2m $499.8m $499.8m 56.24% Added +45.0k +45,000
64 Swan Global Investments, LLC 34.90% of their portfolio DURANGO, CO 1,131,0101.1m $451.0m $451.0m 34.90% Reduced -39.0k -39,018
65 Members Trust Co 13.33% of their portfolio TAMPA, FL 1,081,4251.1m $442.7m $442.7m 13.33% Reduced -21.6k -21,554
66 Jefferies Financial Group Inc. 9.30% of their portfolio NEW YORK, NY 1,075,8501.1m $440.4m $440.4m 9.30% Reduced -885.5k -885,497
67 Analyst IMS Investment Management Services Ltd. 32.51% of their portfolio Tel-aviv, L3 1,061,1261.1m $428.4m $428.4m 32.51% Added +38.8k +38,782
68 WOLVERINE TRADING, LLC 12.80% of their portfolio CHICAGO, IL 1,046,2011.0m $422.4m $422.4m 12.80% Reduced -223.9k -223,882
69 GLENMEDE TRUST CO NA 2.29% of their portfolio PHILADELPHIA, PA 986,530986.5k $403.9m $403.9m 2.29% Reduced -8.9k -8,920
70 Valeo Financial Advisors, LLC 17.56% of their portfolio CARMEL, IN 963,453963.5k $364.5m $364.5m 17.56% Added +91.8k +91,812
71 BBR PARTNERS, LLC 45.41% of their portfolio NEW YORK, NY 962,600962.6k $394.1m $394.1m 45.41% Added +12.6k +12,632
72 CAPTRUST FINANCIAL ADVISORS 1.71% of their portfolio RALEIGH, NC 948,541948.5k $388.3m $388.3m 1.71% Added +439.5k +439,530
73 Meiji Yasuda Life Insurance Co 7.24% of their portfolio TOKYO, M0 903,241903.2k $369.8m $369.8m 7.24% Added +111.0k +110,950
74 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.11% of their portfolio SAN FRANCISCO, CA 897,613897.6k $367.5m $367.5m 0.11% Reduced -374.7k -374,685
75 ALLIANCEBERNSTEIN L.P. 0.16% of their portfolio NASHVILLE, TN 895,691895.7k $366.7m $366.7m 0.16% Reduced -290.6k -290,617
76 D. E. Shaw & Co., Inc. 0.59% of their portfolio New York, NY 894,770894.8k $366.3m $366.3m 0.59% Reduced -26.1k -26,073
77 Tower Research Capital LLC (TRC) 11.40% of their portfolio NEW YORK, NY 874,687874.7k $358.1m $358.1m 11.40% Added +511.9k +511,919
78 WHITE MOUNTAINS INSURANCE GROUP LTD 58.48% of their portfolio Hanover, NH 872,946872.9k $357.4m $357.4m 58.48% Unchanged
79 Balyasny Asset Management L.P. 1.16% of their portfolio Chicago, IL 864,294864.3k $353.8m $353.8m 1.16% Reduced -715.7k -715,652
80 Itau Unibanco Holding S.A. 16.67% of their portfolio SAO PAULO, D5 809,145809.1k $331.3m $331.3m 16.67% Added +40.8k +40,768
81 SG Americas Securities, LLC 4.32% of their portfolio NEW YORK, NY 783,956784.0k $320.9m $320.9m 4.32% Added +336.2k +336,198
82 MEITAV INVESTMENT HOUSE LTD 5.67% of their portfolio BENE-BERAQ, L3 782,116782.1k $328.3m $328.3m 5.67% Reduced -7.7k -7,737
83 IRIDIAN ASSET MANAGEMENT LLC/CT 25.55% of their portfolio WESTPORT, CT 761,400761.4k $311.7m $311.7m 25.55% Added +381.4k +381,400
84 Cohen Klingenstein LLC 14.59% of their portfolio NEW YORK, NY 759,150759.1k $310.8m $310.8m 14.59% Added +312 +312
85 Corient Private Wealth LP 0.83% of their portfolio MIAMI, FL 755,665755.7k $309.4m $309.4m 0.83% Added +3.8k +3,847
86 MILLENNIUM MANAGEMENT LLC 0.36% of their portfolio NEW YORK, NY 750,413750.4k $307.2m $307.2m 0.36% Reduced -403.2k -403,161
87 Greenfield FTC, Inc. 90.53% of their portfolio Reno, NV 743,216743.2k $304.3m $304.3m 90.53% Reduced -2.8k -2,825
88 M&T Bank Corp 1.16% of their portfolio BUFFALO, NY 734,698734.7k $300.8m $300.8m 1.16% Reduced -60.6k -60,559
89 WELLINGTON MANAGEMENT GROUP LLP 0.06% of their portfolio Boston, MA 724,694724.7k $296.7m $296.7m 0.06% Reduced -291.8k -291,777
90 BLAIR WILLIAM & CO/IL 1.18% of their portfolio CHICAGO, IL 720,117720.1k $294.8m $294.8m 1.18% Added +9.2k +9,217
91 FIFTH THIRD BANCORP 1.37% of their portfolio CINCINNATI, OH 719,542719.5k $294.6m $294.6m 1.37% Reduced -39.9k -39,891
92 Circle Wealth Management, LLC 42.20% of their portfolio SUMMIT, NJ 712,903712.9k $291.9m $291.9m 42.20% Added +4.7k +4,686
93 Cresset Asset Management, LLC 5.79% of their portfolio Chicago, IL 705,107705.1k $289.5m $289.5m 5.79% Added +117.5k +117,535
94 Apexium Financial, LP 27.44% of their portfolio Dallas, TX 683,204683.2k $279.7m $279.7m 27.44% Reduced -3.6k -3,608
95 Lombard Odier Asset Management (USA) Corp 46.02% of their portfolio New York, NY 679,869679.9k $278.3m $278.3m 46.02% New
96 Echo Street Capital Management LLC 2.49% of their portfolio New York, NY 675,835675.8k $276.7m $276.7m 2.49% Reduced -243.3k -243,273
97 BROWN ADVISORY INC 0.46% of their portfolio BALTIMORE, MD 669,601669.6k $274.1m $274.1m 0.46% Reduced -46.1k -46,114
98 PATHSTONE FAMILY OFFICE, LLC 4.43% of their portfolio ENGLEWOOD, NJ 667,137667.1k $273.4m $273.4m 4.43% Reduced -308.2k -308,245
99 AE Wealth Management LLC 1.74% of their portfolio TOPEKA, KS 660,398660.4k $270.4m $270.4m 1.74% Added +173.9k +173,937
100 AMG National Trust Bank 9.30% of their portfolio GREENWOOD VILLAGE, CO 657,366657.4k $269.1m $269.1m 9.30% Reduced -8.9k -8,935