Vault-13

SPDR S&P 500 ETF TR SPY

TR UNIT · ETP · CUSIP 78462F103 · ISIN US78462F1030

3,333 institutional holders +21 vs Q2 2023
554,424,808554.4m shares reported held*
$231.6bnreported value*
126 new 1,352 added 1,375 reduced 115 sold out net sold ≈ $10.8bn (-13.7m 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 ($852.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $417.84. Options: 159 managers hold calls ($237.9bn notional), 363 hold puts ($412.3bn).

Trends to Q3 2023

Institutional holders

Managers reporting a position, each quarter

02k4kQ3 22: 3,063Q4 22: 3,311Q1 23: 3,267Q2 23: 3,312Q3 23: 3,3333,333Q3 22Q4 22Q1 23Q2 23Q3 23
Numbers
QuarterHolders
Q3 20223,063
Q4 20223,311
Q1 20233,267
Q2 20233,312
Q3 20233,333

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 23Q2 23: 1,403 bought or addedQ2 23: 1,533 cut or sold outQ2 23Q3 23: 1,478 bought or addedQ3 23: 1,490 cut or sold outQ3 23
Numbers
QuarterBought or addedCut or sold out
Q4 20221,5131,305
Q1 20231,2961,668
Q2 20231,4031,533
Q3 20231,4781,490

Calls vs puts

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

CallsPuts
$0$200bn$400bn$600bnQ4 22 calls: $189.7bnQ4 22 puts: $314.0bnQ4 22P/C 1.66Q1 23 calls: $222.8bnQ1 23 puts: $439.4bnQ1 23P/C 1.97Q2 23 calls: $245.3bnQ2 23 puts: $495.7bnQ2 23P/C 2.02Q3 23 calls: $237.9bnQ3 23 puts: $412.3bnQ3 23P/C 1.73
Numbers
QuarterCallsPutsP/C
Q4 2022$189.7bn$314.0bn1.66
Q1 2023$222.8bn$439.4bn1.97
Q2 2023$245.3bn$495.7bn2.02
Q3 2023$237.9bn$412.3bn1.73

Biggest buyers

JANE STREET GROUP, LLC Added +14,025,741+14.0m
MILLENNIUM MANAGEMENT LLC Added +8,320,088+8.3m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +7,319,342+7.3m
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Added +6,781,520+6.8m
ROYAL BANK OF CANADA Added +2,475,563+2.5m
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Added +1,759,091+1.8m
PATHSTONE FAMILY OFFICE, LLC Added +1,707,357+1.7m
Board of Trustees of The Leland Stanford Junior University Added +1,681,958+1.7m
BANK OF MONTREAL /CAN/ Added +1,333,873+1.3m
Capula Management Ltd Added +1,264,159+1.3m

Biggest sellers

CTC LLC Sold out -14,556,988-14.6m
JPMORGAN CHASE & CO Reduced -10,388,306-10.4m
WELLS FARGO & COMPANY/MN Reduced -8,340,997-8.3m
BANK OF AMERICA CORP /DE/ Reduced -7,253,250-7.3m
MORGAN STANLEY Reduced -6,068,234-6.1m
WOLVERINE TRADING, LLC Reduced -2,875,178-2.9m
CITIGROUP INC Reduced -2,766,030-2.8m
MIZUHO MARKETS AMERICAS LLC Reduced -2,002,898-2.0m
BARCLAYS PLC Reduced -1,835,721-1.8m
HRT FINANCIAL LP Reduced -1,737,910-1.7m

Biggest calls

CTC LLC Added $38.1bn891.1k shares
Optiver Holding B.V. Added $32.1bn75.0m shares
Belvedere Trading LLC Added $23.7bn55.4m shares
CITADEL ADVISORS LLC Reduced $21.2bn49.6m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $15.3bn35.7m shares
JANE STREET GROUP, LLC Reduced $14.2bn33.2m shares
IMC-Chicago, LLC Reduced $12.4bn28.9m shares
WOLVERINE TRADING, LLC Added $11.4bn26.6m shares
SIMPLEX TRADING, LLC Added $9.1bn21.2m shares
Twin Tree Management, LP Reduced $7.9bn18.5m shares

Biggest puts

CITADEL ADVISORS LLC Reduced $46.3bn108.3m shares
Optiver Holding B.V. Reduced $39.2bn91.8m shares
CTC LLC Added $37.1bn866.9k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $31.6bn73.9m shares
IMC-Chicago, LLC Added $25.0bn58.5m shares
1832 Asset Management L.P. Reduced $22.3bn52.3m shares
JANE STREET GROUP, LLC Added $21.7bn50.7m shares
Belvedere Trading LLC Added $20.2bn47.3m shares
SIMPLEX TRADING, LLC Added $19.0bn44.4m shares
WOLVERINE TRADING, LLC Added $11.5bn26.9m 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 Q3 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 Q3 2023.

Holders, Q3 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JPMORGAN CHASE & CO 2.46% of their portfolio NEW YORK, NY 49,281,51249.3m $21.1bn $21.1bn 2.46% Reduced -10.4m -10,388,306
2 GOLDMAN SACHS GROUP INC 4.03% of their portfolio NEW YORK, NY 37,130,59937.1m $15.9bn $15.9bn 4.03% Reduced -789.5k -789,462
3 JANE STREET GROUP, LLC 16.40% of their portfolio NEW YORK, NY 24,634,08424.6m $10.5bn $10.5bn 16.40% Added +14.0m +14,025,741
4 MORGAN STANLEY 1.05% of their portfolio NEW YORK, NY 24,185,02724.2m $10.3bn $10.3bn 1.05% Reduced -6.1m -6,068,234
5 BANK OF AMERICA CORP /DE/ 1.27% of their portfolio CHARLOTTE, NC 24,144,48324.1m $10.3bn $10.3bn 1.27% Reduced -7.3m -7,253,250
6 SUSQUEHANNA INTERNATIONAL GROUP, LLP 14.30% of their portfolio BALA CYNWYD, PA 21,535,49021.5m $9.2bn $9.2bn 14.30% Added +7.3m +7,319,342
7 NORTHERN TRUST CORP 1.11% of their portfolio CHICAGO, IL 13,346,01613.3m $5.7bn $5.7bn 1.11% Reduced -91.1k -91,081
8 MILLENNIUM MANAGEMENT LLC 2.46% of their portfolio NEW YORK, NY 11,554,64511.6m $2.4bn $2.4bn 2.46% Added +8.3m +8,320,088
9 WELLS FARGO & COMPANY/MN 1.46% of their portfolio SAN FRANCISCO, CA 10,947,29810.9m $4.7bn $4.7bn 1.46% Reduced -8.3m -8,340,997
10 BANK OF MONTREAL /CAN/ 1.58% of their portfolio TORONTO, A6 9,485,7659.5m $4.3bn $4.3bn 1.58% Added +1.3m +1,333,873
11 UBS Group AG 1.76% of their portfolio ZURICH, V8 9,009,4619.0m $3.9bn $3.9bn 1.76% Added +876.4k +876,391
12 TD Asset Management Inc 4.45% of their portfolio Toronto, A6 8,590,2118.6m $3.7bn $3.7bn 4.45% Reduced -1.0m -1,015,891
13 ROYAL BANK OF CANADA 0.98% of their portfolio TORONTO, A6 7,809,4797.8m $3.3bn $3.3bn 0.98% Added +2.5m +2,475,563
14 LPL Financial LLC 2.20% of their portfolio FORT MILL, SC 7,338,5687.3m $3.1bn $3.1bn 2.20% Added +609.2k +609,202
15 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 2.20% of their portfolio Madrid, U3 7,069,0407.1m $163.1m $163.1m 2.20% Added +6.8m +6,781,520
16 TORONTO DOMINION BANK 2.26% of their portfolio TORONTO, ONTARIO, A6 6,391,4846.4m $2.7bn $2.7bn 2.26% Reduced -855.9k -855,928
17 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 11.79% of their portfolio TORONTO, A6 6,053,7166.1m $2.6bn $2.6bn 11.79% Added +1.8m +1,759,091
18 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 3.29% of their portfolio MILWAUKEE, WI 5,921,5365.9m $2.5bn $2.5bn 3.29% Added +141.1k +141,080
19 MIZUHO SECURITIES USA LLC 71.38% of their portfolio NEW YORK, NY 5,554,8145.6m $2.4bn $2.4bn 71.38% Added +755.5k +755,506
20 HRT FINANCIAL LP 22.16% of their portfolio NEW YORK, NY 4,993,6645.0m $2.1bn $2.1bn 22.16% Reduced -1.7m -1,737,910
21 US BANCORP \DE\ 3.32% of their portfolio MINNEAPOLIS, MN 4,756,4604.8m $2.0bn $2.0bn 3.32% Reduced -46.5k -46,479
22 PNC Financial Services Group, Inc. 1.60% of their portfolio Pittsburgh, PA 4,383,3694.4m $1.9bn $1.9bn 1.60% Reduced -28.8k -28,821
23 FMR LLC 0.15% of their portfolio BOSTON, MA 3,992,3364.0m $1.7bn $1.7bn 0.15% Reduced -30.2k -30,189
24 WOLVERINE TRADING, LLC 17.06% of their portfolio CHICAGO, IL 3,987,3454.0m $1.7bn $1.7bn 17.06% Reduced -2.9m -2,875,178
25 STATE OF MICHIGAN RETIREMENT SYSTEM 9.89% of their portfolio EAST LANSING, MI 3,577,1403.6m $1.5bn $1.5bn 9.89% Added +89.8k +89,800
26 TRUIST FINANCIAL CORP 2.50% of their portfolio CHARLOTTE, NC 3,498,9933.5m $1.5bn $1.5bn 2.50% Added +83.0k +83,003
27 Bank of New York Mellon Corp 0.33% of their portfolio NEW YORK, NY 3,473,5673.5m $1.5bn $1.5bn 0.33% Added +47.0k +47,048
28 MACKENZIE FINANCIAL CORP 2.34% of their portfolio TORONTO ONTARIO, A6 3,304,4593.3m $1.4bn $1.4bn 2.34% Reduced -125.3k -125,350
29 Creative Planning 1.70% of their portfolio OVERLAND PARK, KS 2,984,0203.0m $1.3bn $1.3bn 1.70% Reduced -146.5k -146,456
30 ENVESTNET ASSET MANAGEMENT INC 0.58% of their portfolio Berwyn, PA 2,956,9563.0m $1.3bn $1.3bn 0.58% Reduced -273.2k -273,160
31 NATIXIS 9.53% of their portfolio PARIS, I0 2,822,9822.8m $1.2bn $1.2bn 9.53% Reduced -80.3k -80,271
32 AMERIPRISE FINANCIAL INC 0.39% of their portfolio MINNEAPOLIS, MN 2,765,0332.8m $1.2bn $1.2bn 0.39% Added +69.4k +69,414
33 Norinchukin Bank, The 27.37% of their portfolio TOKYO, M0 2,725,4922.7m $1.2bn $1.2bn 27.37% Unchanged
34 National Mutual Insurance Federation of Agricultural Cooperatives 13.80% of their portfolio TOKYO, JAPAN, M0 2,617,8322.6m $1.1bn $1.1bn 13.80% Unchanged
35 RAYMOND JAMES & ASSOCIATES 0.90% of their portfolio ST PETERSBURG, FL 2,489,8942.5m $1.1bn $1.1bn 0.90% Added +79.3k +79,285
36 CITADEL ADVISORS LLC 1.12% of their portfolio MIAMI, FL 2,419,9612.4m $1.0bn $1.0bn 1.12% Added +921.4k +921,351
37 PATHSTONE FAMILY OFFICE, LLC 7.96% of their portfolio ENGLEWOOD, NJ 2,390,4092.4m $1.0bn $1.0bn 7.96% Added +1.7m +1,707,357
38 BANK OF NOVA SCOTIA 2.63% of their portfolio TORONTO, A6 2,333,8192.3m $997.7m $997.7m 2.63% Added +817.3k +817,284
39 Cresset Asset Management, LLC 6.82% of their portfolio Chicago, IL 2,296,2502.3m $985.2m $985.2m 6.82% Added +150.9k +150,937
40 J.P. Morgan Private Wealth Advisors LLC 2.73% of their portfolio SAN FRANCISCO, CA 2,232,8892.2m $954.5m $954.5m 2.73% Reduced -199.9k -199,924
41 CANADA PENSION PLAN INVESTMENT BOARD 1.39% of their portfolio TORONTO ONTARIO, A6 2,228,5002.2m $952.6m $952.6m 1.39% Added +9.0k +9,000
42 Rockefeller Capital Management L.P. 3.50% of their portfolio NEW YORK, NY 2,123,1312.1m $907.7m $907.7m 3.50% Added +162.1k +162,070
43 HighTower Advisors, LLC 1.67% of their portfolio CHICAGO, IL 2,078,0062.1m $888.3m $888.3m 1.67% Added +9.5k +9,471
44 CLEAR STREET LLC 38.19% of their portfolio NEW YORK, NY 2,000,1002.0m $855.0m $855.0m 38.19% Added +700.1k +700,100
45 Lido Advisors, LLC 9.25% of their portfolio Los Angeles, CA 1,930,9671.9m $825.4m $825.4m 9.25% Added +7.0k +6,995
46 Board of Trustees of The Leland Stanford Junior University 60.63% of their portfolio STANFORD, CA 1,835,3351.8m $784.6m $784.6m 60.63% Added +1.7m +1,681,958
47 SUN LIFE FINANCIAL INC 57.54% of their portfolio Toronto, A6 1,828,0031.8m $781.4m $781.4m 57.54% Reduced -12.8k -12,820
48 COMMONWEALTH EQUITY SERVICES, LLC 1.58% of their portfolio WALTHAM, MA 1,783,9051.8m $762.6m $762.6m 1.58% Added +46.7k +46,692
49 Optiver Holding B.V. 21.57% of their portfolio AMSTERDAM, P7 1,768,0251.8m $755.8m $755.8m 21.57% Reduced -1.2m -1,178,253
50 Bank Julius Baer & Co. Ltd, Zurich 4.36% of their portfolio ZURICH, V8 1,750,0641.8m $748.1m $748.1m 4.36% Added +73.3k +73,293
51 BARCLAYS PLC 0.48% of their portfolio LONDON, X0 1,711,9231.7m $731.8m $731.8m 0.48% Reduced -1.8m -1,835,721
52 STATE STREET CORP 0.04% of their portfolio BOSTON, MA 1,677,1651.7m $719.8m $719.8m 0.04% Reduced -369.2k -369,228
53 Raymond James Financial Services Advisors, Inc. 1.28% of their portfolio ST. PETERSBURG, FL 1,648,6091.6m $704.7m $704.7m 1.28% Added +106.5k +106,515
54 Capula Management Ltd 45.28% of their portfolio Grand Cayman, E9 1,625,9541.6m $695.1m $695.1m 45.28% Added +1.3m +1,264,159
55 STIFEL FINANCIAL CORP 0.92% of their portfolio ST. LOUIS, MO 1,538,8721.5m $657.8m $657.8m 0.92% Added +7.6k +7,617
56 DRW Securities, LLC 51.74% of their portfolio CHICAGO, IL 1,521,0051.5m $650.2m $650.2m 51.74% Added +249.8k +249,804
57 Clal Insurance Enterprises Holdings Ltd 9.04% of their portfolio Tel-aviv, L3 1,510,9691.5m $648.1m $648.1m 9.04% Added +1.1m +1,099,484
58 Hirtle & Co., LLC 32.18% of their portfolio WEST CONSHOHOCKEN, PA 1,507,4611.5m $644.4m $644.4m 32.18% Reduced -47.2k -47,234
59 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.37% of their portfolio Toronto, A6 1,489,9881.5m $636.9m $636.9m 0.37% Reduced -651 -651
60 OSAIC HOLDINGS, INC. 0.94% of their portfolio SCOTTSDALE, AZ 1,486,1671.5m $635.5m $635.5m 0.94% Added +99.9k +99,882
61 NISSAY ASSET MANAGEMENT CORP /JAPAN 5.62% of their portfolio Tokyo, M0 1,483,4831.5m $634.2m $634.2m 5.62% Unchanged
62 Cerity Partners LLC 2.56% of their portfolio NEW YORK, NY 1,464,9871.5m $527.3m $527.3m 2.56% Reduced -588.2k -588,194
63 PRUDENTIAL FINANCIAL INC 0.92% of their portfolio NEWARK, NJ 1,372,8241.4m $586.9m $586.9m 0.92% Reduced -305.8k -305,772
64 NEW YORK LIFE INSURANCE CO 63.79% of their portfolio NEW YORK, NY 1,338,4061.3m $572.1m $572.1m 63.79% Unchanged
65 Swan Global Investments, LLC 30.46% of their portfolio DURANGO, CO 1,332,9461.3m $569.8m $569.8m 30.46% Added +264.2k +264,196
66 Mariner, LLC 1.43% of their portfolio Overland Park, KS 1,244,2441.2m $531.9m $531.9m 1.43% Reduced -22.2k -22,152
67 Trust Asset Management LLC 56.29% of their portfolio HOUSTON, TX 1,221,8011.2m $522.3m $522.3m 56.29% Unchanged
68 Balyasny Asset Management L.P. 1.44% of their portfolio Chicago, IL 1,203,5421.2m $514.5m $514.5m 1.44% Added +820.2k +820,210
69 Valeo Financial Advisors, LLC 17.99% of their portfolio CARMEL, IN 1,200,9281.2m $394.9m $394.9m 17.99% Added +278.4k +278,370
70 Analyst IMS Investment Management Services Ltd. 32.14% of their portfolio Tel-aviv, L3 1,197,2481.2m $513.0m $513.0m 32.14% Added +94.8k +94,840
71 BlackRock Inc. 0.01% of their portfolio New York, NY 1,191,3451.2m $509.3m $509.3m 0.01% Reduced -251.3k -251,316
72 SUMITOMO LIFE INSURANCE CO 14.26% of their portfolio TOKYO, M0 1,160,0001.2m $506.5m $506.5m 14.26% Added +780.0k +780,000
73 COMMON FUND FOR NONPROFIT ORGANIZATIONS 83.84% of their portfolio NORWALK, CT 1,129,6151.1m $482.9m $482.9m 83.84% Reduced -72.9k -72,883
74 CAPTRUST FINANCIAL ADVISORS 1.61% of their portfolio RALEIGH, NC 1,092,9721.1m $420.3m $420.3m 1.61% Added +129.9k +129,859
75 BNP PARIBAS FINANCIAL MARKETS 1.02% of their portfolio PARIS, I0 1,072,0721.1m $458.3m $458.3m 1.02% Reduced -348.7k -348,665
76 Corient Private Wealth LP 1.04% of their portfolio MIAMI, FL 1,057,4271.1m $451.4m $451.4m 1.04% Added +135.7k +135,736
77 CITIGROUP INC 0.63% of their portfolio NEW YORK, NY 1,034,7431.0m $442.3m $442.3m 0.63% Reduced -2.8m -2,766,030
78 Members Trust Co 12.48% of their portfolio TAMPA, FL 998,672998.7k $428.0m $428.0m 12.48% Reduced -1.1m -1,129,828
79 Bridgewater Associates, LP 2.57% of their portfolio Westport, CT 995,975996.0k $425.8m $425.8m 2.57% Reduced -39.8k -39,807
80 GLENMEDE TRUST CO NA 2.41% of their portfolio PHILADELPHIA, PA 984,203984.2k $420.7m $420.7m 2.41% Reduced -2.3k -2,327
81 BBR PARTNERS, LLC 44.32% of their portfolio NEW YORK, NY 921,702921.7k $394.0m $394.0m 44.32% Reduced -39.4k -39,430
82 Gotham Asset Management, LLC 8.05% of their portfolio NEW YORK, NY 911,380911.4k $389.6m $389.6m 8.05% Added +164.6k +164,640
83 ALLIANCEBERNSTEIN L.P. 0.16% of their portfolio NASHVILLE, TN 864,424864.4k $369.5m $369.5m 0.16% Reduced -31.9k -31,889
84 PEAK6 Investments LLC 17.72% of their portfolio CHICAGO, IL 849,813849.8k $363.3m $363.3m 17.72% Added +849.8k +849,809
85 Advance Capital Management, Inc. 33.43% of their portfolio SOUTHFIELD, MI 845,471845.5k $361.4m $361.4m 33.43% Added +43.4k +43,384
86 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.10% of their portfolio SAN FRANCISCO, CA 821,194821.2k $351.0m $351.0m 0.10% Added +6.6k +6,613
87 FACTORY MUTUAL INSURANCE CO 4.83% of their portfolio WALTHAM, MA 810,721810.7k $346.6m $346.6m 4.83% Added +380.5k +380,500
88 Circle Wealth Management, LLC 8.48% of their portfolio SUMMIT, NJ 796,179796.2k $340.4m $340.4m 8.48% Added +60.7k +60,665
89 GTS SECURITIES LLC 7.08% of their portfolio NEW YORK, NY 794,783794.8k $339.6m $339.6m 7.08% Added +793.6k +793,593
90 HSBC HOLDINGS PLC 0.38% of their portfolio LONDON, X0 793,234793.2k $339.1m $339.1m 0.38% Added +253.0k +253,046
91 Belvedere Trading LLC 42.95% of their portfolio CHICAGO, IL 753,846753.8k $322.3m $322.3m 42.95% New
92 Jefferies Financial Group Inc. 7.99% of their portfolio NEW YORK, NY 750,049750.0k $320.6m $320.6m 7.99% Added +83.4k +83,405
93 Cohen Klingenstein LLC 14.33% of their portfolio NEW YORK, NY 740,114740.1k $316.4m $316.4m 14.33% Reduced -7.3k -7,342
94 Sand Hill Global Advisors, LLC 16.78% of their portfolio Palo Alto, CA 712,361712.4k $304.5m $304.5m 16.78% Reduced -46.1k -46,126
95 BLAIR WILLIAM & CO/IL 1.16% of their portfolio CHICAGO, IL 704,929704.9k $301.3m $301.3m 1.16% Reduced -12.8k -12,802
96 M&T Bank Corp 1.18% of their portfolio BUFFALO, NY 694,073694.1k $296.7m $296.7m 1.18% Reduced -26.9k -26,942
97 Apexium Financial, LP 29.42% of their portfolio Dallas, TX 686,452686.5k $293.4m $293.4m 29.42% Added +3.3k +3,252
98 Greenfield FTC, Inc. 90.83% of their portfolio Reno, NV 681,681681.7k $291.4m $291.4m 90.83% Reduced -52.6k -52,612
99 AE Wealth Management LLC 1.71% of their portfolio TOPEKA, KS 670,877670.9k $286.8m $286.8m 1.71% Reduced -33.9k -33,865
100 IMC-Chicago, LLC 18.39% of their portfolio CHICAGO, IL 667,052667.1k $285.2m $285.2m 18.39% Reduced -1.7m -1,655,131