Vault-13

SPDR S&P 500 ETF TR SPY

TR UNIT · ETP · CUSIP 78462F103 · ISIN US78462F1030

3,697 institutional holders +364 vs Q3 2023
714,823,288714.8m shares reported held*
$335.2bnreported value*
205 new 1,511 added 1,264 reduced 92 sold out net bought ≈ $76.6bn (+157.5m 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 ($698.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $468.96. Options: 153 managers hold calls ($263.2bn notional), 353 hold puts ($453.8bn).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

02k4kQ3 22: 3,063Q4 22: 3,311Q1 23: 3,267Q2 23: 3,312Q3 23: 3,333Q4 23: 3,6973,697Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 20223,063
Q4 20223,311
Q1 20233,267
Q2 20233,312
Q3 20233,333
Q4 20233,697

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 23Q4 23: 1,716 bought or addedQ4 23: 1,356 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 20221,5131,305
Q1 20231,2961,668
Q2 20231,4031,533
Q3 20231,4781,490
Q4 20231,7161,356

Calls vs puts

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

CallsPuts
$0$200bn$400bn$600bnQ1 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 1.73Q4 23 calls: $263.2bnQ4 23 puts: $453.8bnQ4 23P/C 1.72
Numbers
QuarterCallsPutsP/C
Q1 2023$222.8bn$439.4bn1.97
Q2 2023$245.3bn$495.7bn2.02
Q3 2023$237.9bn$412.3bn1.73
Q4 2023$263.2bn$453.8bn1.72

Biggest buyers

JPMORGAN CHASE & CO Added +54,506,776+54.5m
MORGAN STANLEY Added +43,043,723+43.0m
ROYAL BANK OF CANADA Added +19,646,009+19.6m
CTC LLC New +12,289,133+12.3m
Cerity Partners LLC Added +7,416,163+7.4m
CIBC WORLD MARKETS CORP Added +4,955,781+5.0m
HRT FINANCIAL LP Added +4,357,921+4.4m
DRW Securities, LLC Added +4,045,218+4.0m
Schonfeld Strategic Advisors LLC Added +3,757,127+3.8m
CITADEL ADVISORS LLC Added +3,105,016+3.1m

Biggest sellers

JANE STREET GROUP, LLC Reduced -14,582,325-14.6m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -9,612,985-9.6m
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Reduced -6,769,169-6.8m
MILLENNIUM MANAGEMENT LLC Reduced -5,550,760-5.6m
TORONTO DOMINION BANK Reduced -3,165,069-3.2m
SUMITOMO LIFE INSURANCE CO Sold out -1,160,000-1.2m
Clal Insurance Enterprises Holdings Ltd Reduced -1,081,674-1.1m
Balyasny Asset Management L.P. Reduced -1,062,166-1.1m
NEW YORK LIFE INSURANCE CO Reduced -1,056,643-1.1m
BANK OF MONTREAL /CAN/ Reduced -953,997-954.0k

Biggest calls

CTC LLC Reduced $41.3bn869.4k shares
Optiver Holding B.V. Reduced $28.7bn60.4m shares
CITADEL ADVISORS LLC Added $28.1bn59.2m shares
JANE STREET GROUP, LLC Added $20.3bn42.7m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $19.0bn40.0m shares
Belvedere Trading LLC Reduced $16.9bn35.6m shares
IMC-Chicago, LLC Added $14.8bn31.2m shares
WOLVERINE TRADING, LLC Reduced $11.9bn25.0m shares
SIMPLEX TRADING, LLC Reduced $8.4bn18.1m shares
HBK INVESTMENTS L P Added $5.5bn11.5m shares

Biggest puts

CITADEL ADVISORS LLC Reduced $46.5bn97.8m shares
Optiver Holding B.V. Added $46.1bn97.0m shares
CTC LLC Reduced $40.8bn858.0k shares
IMC-Chicago, LLC Added $34.9bn73.4m shares
JANE STREET GROUP, LLC Added $29.3bn61.7m shares
SIMPLEX TRADING, LLC Added $23.9bn50.8m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $20.9bn43.9m shares
Belvedere Trading LLC Reduced $19.7bn41.5m shares
1832 Asset Management L.P. Reduced $16.4bn34.6m shares
JPMORGAN CHASE & CO Added $13.7bn28.7m 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 Q4 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 Q4 2023.

Holders, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JPMORGAN CHASE & CO 2.52% of their portfolio NEW YORK, NY 103,788,288103.8m $49.3bn $49.3bn 2.52% Added +54.5m +54,506,776
2 MORGAN STANLEY 1.41% of their portfolio NEW YORK, NY 67,228,75067.2m $32.0bn $32.0bn 1.41% Added +43.0m +43,043,723
3 GOLDMAN SACHS GROUP INC 3.99% of their portfolio NEW YORK, NY 38,252,35038.3m $18.2bn $18.2bn 3.99% Added +1.1m +1,121,751
4 ROYAL BANK OF CANADA 3.24% of their portfolio TORONTO, A6 27,455,48827.5m $13.0bn $13.0bn 3.24% Added +19.6m +19,646,009
5 BANK OF AMERICA CORP /DE/ 1.25% of their portfolio CHARLOTTE, NC 23,222,75323.2m $11.0bn $11.0bn 1.25% Reduced -921.7k -921,730
6 NORTHERN TRUST CORP 1.17% of their portfolio CHICAGO, IL 13,581,07613.6m $6.5bn $6.5bn 1.17% Added +235.1k +235,060
7 WELLS FARGO & COMPANY/MN 1.71% of their portfolio SAN FRANCISCO, CA 12,721,40512.7m $6.0bn $6.0bn 1.71% Added +1.8m +1,774,107
8 CTC LLC 57.52% of their portfolio CHICAGO, IL 12,289,13312.3m $5.8bn $5.8bn 57.52% New
9 SUSQUEHANNA INTERNATIONAL GROUP, LLP 9.60% of their portfolio BALA CYNWYD, PA 11,922,50511.9m $5.7bn $5.7bn 9.60% Reduced -9.6m -9,612,985
10 TD Asset Management Inc 4.77% of their portfolio Toronto, A6 10,198,38610.2m $4.8bn $4.8bn 4.77% Added +1.6m +1,608,175
11 JANE STREET GROUP, LLC 5.81% of their portfolio NEW YORK, NY 10,051,75910.1m $4.8bn $4.8bn 5.81% Reduced -14.6m -14,582,325
12 HRT FINANCIAL LP 33.36% of their portfolio NEW YORK, NY 9,351,5859.4m $4.4bn $4.4bn 33.36% Added +4.4m +4,357,921
13 Cerity Partners LLC 2.99% of their portfolio NEW YORK, NY 8,881,1508.9m $892.6m $892.6m 2.99% Added +7.4m +7,416,163
14 BANK OF MONTREAL /CAN/ 1.34% of their portfolio TORONTO, A6 8,531,7688.5m $4.1bn $4.1bn 1.34% Reduced -954.0k -953,997
15 UBS Group AG 1.56% of their portfolio ZURICH, V8 8,182,7838.2m $3.9bn $3.9bn 1.56% Reduced -826.7k -826,678
16 LPL Financial LLC 2.25% of their portfolio FORT MILL, SC 7,795,6117.8m $3.7bn $3.7bn 2.25% Added +457.0k +457,043
17 MIZUHO SECURITIES USA LLC 84.45% of their portfolio NEW YORK, NY 7,588,2007.6m $3.6bn $3.6bn 84.45% Added +2.0m +2,033,386
18 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 3.32% of their portfolio MILWAUKEE, WI 6,187,8446.2m $2.9bn $2.9bn 3.32% Added +266.3k +266,308
19 MILLENNIUM MANAGEMENT LLC 1.63% of their portfolio NEW YORK, NY 6,003,8856.0m $1.7bn $1.7bn 1.63% Reduced -5.6m -5,550,760
20 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 9.76% of their portfolio TORONTO, A6 5,832,6475.8m $2.8bn $2.8bn 9.76% Reduced -221.1k -221,069
21 DRW Securities, LLC 79.49% of their portfolio CHICAGO, IL 5,566,2235.6m $2.6bn $2.6bn 79.49% Added +4.0m +4,045,218
22 CITADEL ADVISORS LLC 2.64% of their portfolio MIAMI, FL 5,524,9775.5m $2.6bn $2.6bn 2.64% Added +3.1m +3,105,016
23 CIBC WORLD MARKETS CORP 13.46% of their portfolio NEW YORK, NY 5,193,7595.2m $2.5bn $2.5bn 13.46% Added +5.0m +4,955,781
24 US BANCORP \DE\ 3.32% of their portfolio MINNEAPOLIS, MN 4,726,5624.7m $2.2bn $2.2bn 3.32% Reduced -29.9k -29,898
25 PNC Financial Services Group, Inc. 1.65% of their portfolio Pittsburgh, PA 4,424,9404.4m $2.1bn $2.1bn 1.65% Added +41.6k +41,571
26 FMR LLC 0.15% of their portfolio BOSTON, MA 3,972,1044.0m $1.9bn $1.9bn 0.15% Reduced -20.2k -20,232
27 Schonfeld Strategic Advisors LLC 14.88% of their portfolio NEW YORK, NY 3,812,0943.8m $1.8bn $1.8bn 14.88% Added +3.8m +3,757,127
28 Bank of New York Mellon Corp 0.35% of their portfolio NEW YORK, NY 3,651,6663.7m $1.7bn $1.7bn 0.35% Added +178.1k +178,099
29 TRUIST FINANCIAL CORP 2.69% of their portfolio CHARLOTTE, NC 3,556,7553.6m $1.7bn $1.7bn 2.69% Added +57.8k +57,762
30 Optiver Holding B.V. 49.29% of their portfolio AMSTERDAM, P7 3,472,1553.5m $1.7bn $1.7bn 49.29% Added +1.7m +1,704,130
31 AMERIPRISE FINANCIAL INC 0.48% of their portfolio MINNEAPOLIS, MN 3,377,5793.4m $1.6bn $1.6bn 0.48% Added +612.5k +612,546
32 STATE OF MICHIGAN RETIREMENT SYSTEM 9.55% of their portfolio EAST LANSING, MI 3,376,7403.4m $1.6bn $1.6bn 9.55% Reduced -200.4k -200,400
33 WOLVERINE TRADING, LLC 11.92% of their portfolio CHICAGO, IL 3,285,1543.3m $1.6bn $1.6bn 11.92% Reduced -702.2k -702,191
34 TORONTO DOMINION BANK 2.22% of their portfolio TORONTO, ONTARIO, A6 3,226,4153.2m $1.5bn $1.5bn 2.22% Reduced -3.2m -3,165,069
35 MACKENZIE FINANCIAL CORP 2.31% of their portfolio TORONTO ONTARIO, A6 3,221,2643.2m $1.5bn $1.5bn 2.31% Reduced -83.2k -83,195
36 BARCLAYS PLC 0.78% of their portfolio LONDON, X0 3,183,1273.2m $1.5bn $1.5bn 0.78% Added +1.5m +1,471,204
37 Creative Planning 2.70% of their portfolio OVERLAND PARK, KS 3,061,7123.1m $1.5bn $1.5bn 2.70% Added +77.7k +77,692
38 RAYMOND JAMES & ASSOCIATES 1.06% of their portfolio ST PETERSBURG, FL 2,981,3863.0m $1.4bn $1.4bn 1.06% Added +491.5k +491,492
39 ENVESTNET ASSET MANAGEMENT INC 0.56% of their portfolio Berwyn, PA 2,841,5742.8m $1.4bn $1.4bn 0.56% Reduced -115.4k -115,382
40 TWO SIGMA INVESTMENTS, LP 3.25% of their portfolio NEW YORK, NY 2,833,2212.8m $1.3bn $1.3bn 3.25% Added +2.2m +2,190,427
41 HSBC HOLDINGS PLC 1.22% of their portfolio LONDON, X0 2,790,5892.8m $1.3bn $1.3bn 1.22% Added +2.0m +1,997,355
42 CAPSTONE INVESTMENT ADVISORS, LLC 22.75% of their portfolio NEW YORK, NY 2,769,2842.8m $1.3bn $1.3bn 22.75% Added +2.6m +2,613,859
43 Jefferies Financial Group Inc. 20.37% of their portfolio NEW YORK, NY 2,731,0262.7m $1.3bn $1.3bn 20.37% Added +2.0m +1,980,977
44 Norinchukin Bank, The 30.36% of their portfolio TOKYO, M0 2,725,4922.7m $1.3bn $1.3bn 30.36% Unchanged
45 Verition Fund Management LLC 12.90% of their portfolio GREENWICH, CT 2,667,0902.7m $1.3bn $1.3bn 12.90% Added +2.5m +2,483,019
46 Cresset Asset Management, LLC 7.70% of their portfolio Chicago, IL 2,659,8882.7m $1.3bn $1.3bn 7.70% Added +363.6k +363,638
47 National Mutual Insurance Federation of Agricultural Cooperatives 14.15% of their portfolio TOKYO, JAPAN, M0 2,617,8322.6m $1.2bn $1.2bn 14.15% Unchanged
48 CLEAR STREET LLC 58.31% of their portfolio NEW YORK, NY 2,499,9002.5m $1.2bn $1.2bn 58.31% Added +499.8k +499,800
49 NATIXIS 8.82% of their portfolio PARIS, I0 2,448,1882.4m $1.2bn $1.2bn 8.82% Reduced -374.8k -374,794
50 Pathstone Holdings, LLC 6.20% of their portfolio ENGLEWOOD, NJ 2,402,9112.4m $1.1bn $1.1bn 6.20% First filing
51 Squarepoint Ops LLC 4.55% of their portfolio NEW YORK, NY 2,347,1182.3m $1.1bn $1.1bn 4.55% Added +1.7m +1,712,435
52 CANADA PENSION PLAN INVESTMENT BOARD 1.34% of their portfolio TORONTO ONTARIO, A6 2,228,5002.2m $1.1bn $1.1bn 1.34% Unchanged
53 Alberta Investment Management Corp 9.86% of their portfolio EDMONTON, A0 2,205,8302.2m $1.0bn $1.0bn 9.86% New
54 BANK OF NOVA SCOTIA 1.95% of their portfolio TORONTO, A6 2,185,5352.2m $1.0bn $1.0bn 1.95% Reduced -148.3k -148,284
55 Rockefeller Capital Management L.P. 3.40% of their portfolio NEW YORK, NY 2,141,6702.1m $1.0bn $1.0bn 3.40% Added +18.5k +18,539
56 HighTower Advisors, LLC 1.71% of their portfolio CHICAGO, IL 2,141,5782.1m $1.0bn $1.0bn 1.71% Added +63.6k +63,572
57 NATIONAL BANK OF CANADA /FI/ 1.77% of their portfolio MONTREAL, A8 2,075,4232.1m $980.9m $980.9m 1.77% Added +1.7m +1,658,953
58 Lido Advisors, LLC 9.76% of their portfolio Los Angeles, CA 2,056,6652.1m $981.3m $981.3m 9.76% Added +125.7k +125,698
59 Board of Trustees of The Leland Stanford Junior University 59.71% of their portfolio STANFORD, CA 1,937,9211.9m $921.1m $921.1m 59.71% Added +102.6k +102,586
60 COMMONWEALTH EQUITY SERVICES, LLC 1.67% of their portfolio WALTHAM, MA 1,919,1871.9m $912.2m $912.2m 1.67% Added +135.3k +135,282
61 SUN LIFE FINANCIAL INC 52.09% of their portfolio Toronto, A6 1,813,5481.8m $862.0m $862.0m 52.09% Reduced -14.5k -14,455
62 Raymond James Financial Services Advisors, Inc. 1.37% of their portfolio ST. PETERSBURG, FL 1,778,9141.8m $845.5m $845.5m 1.37% Added +130.3k +130,305
63 STATE STREET CORP 0.04% of their portfolio BOSTON, MA 1,734,3361.7m $827.7m $827.7m 0.04% Added +57.2k +57,171
64 Bank Julius Baer & Co. Ltd, Zurich 3.42% of their portfolio ZURICH, V8 1,701,2611.7m $808.6m $808.6m 3.42% Reduced -48.8k -48,803
65 WOLVERINE ASSET MANAGEMENT LLC 12.43% of their portfolio CHICAGO, IL 1,668,2671.7m $792.9m $792.9m 12.43% Added +1.6m +1,568,117
66 Capula Management Ltd 48.02% of their portfolio Grand Cayman, E9 1,601,3731.6m $761.1m $761.1m 48.02% Reduced -24.6k -24,581
67 STIFEL FINANCIAL CORP 0.94% of their portfolio ST. LOUIS, MO 1,568,2891.6m $745.4m $745.4m 0.94% Added +29.4k +29,417
68 Echo Street Capital Management LLC 97.81% of their portfolio New York, NY 1,537,1061.5m $730.6m $730.6m 97.81% Added +997.3k +997,323
69 Hirtle & Co., LLC 32.82% of their portfolio WEST CONSHOHOCKEN, PA 1,514,7731.5m $720.0m $720.0m 32.82% Added +7.3k +7,312
70 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.43% of their portfolio Toronto, A6 1,512,1261.5m $718.7m $718.7m 0.43% Added +22.1k +22,138
71 Granite Bay Wealth Management, LLC 5.37% of their portfolio PORTSMOUTH, NH 1,350,9771.4m $599.7m $599.7m 5.37% Added +1.0m +1,003,668
72 Mariner, LLC 1.45% of their portfolio Overland Park, KS 1,286,7011.3m $611.6m $611.6m 1.45% Added +42.5k +42,457
73 Analyst IMS Investment Management Services Ltd. 31.45% of their portfolio Tel-aviv, L3 1,275,0171.3m $606.0m $606.0m 31.45% Added +77.8k +77,769
74 Swan Global Investments, LLC 31.60% of their portfolio DURANGO, CO 1,271,5581.3m $604.4m $604.4m 31.60% Reduced -61.4k -61,388
75 FLOW TRADERS U.S. LLC 18.46% of their portfolio NEW YORK, NY 1,268,4951.3m $602.9m $602.9m 18.46% New
76 PRUDENTIAL FINANCIAL INC 0.91% of their portfolio NEWARK, NJ 1,267,0381.3m $601.1m $601.1m 0.91% Reduced -105.8k -105,786
77 BlackRock Inc. 0.01% of their portfolio New York, NY 1,223,9381.2m $581.7m $581.7m 0.01% Added +32.6k +32,593
78 Trust Asset Management LLC 56.08% of their portfolio HOUSTON, TX 1,221,7661.2m $580.7m $580.7m 56.08% Reduced -35 -35
79 NISSAY ASSET MANAGEMENT CORP /JAPAN 4.52% of their portfolio Tokyo, M0 1,183,6011.2m $562.6m $562.6m 4.52% Reduced -299.9k -299,882
80 GLENMEDE TRUST CO NA 2.91% of their portfolio PHILADELPHIA, PA 1,178,5981.2m $560.2m $560.2m 2.91% Added +194.4k +194,395
81 MERCER GLOBAL ADVISORS INC /ADV 1.66% of their portfolio DENVER, CO 1,160,1901.2m $551.5m $551.5m 1.66% Added +765.5k +765,513
82 ALLIANCEBERNSTEIN L.P. 0.21% of their portfolio NASHVILLE, TN 1,160,1211.2m $551.4m $551.4m 0.21% Added +295.7k +295,697
83 OSAIC HOLDINGS, INC. 0.96% of their portfolio SCOTTSDALE, AZ 1,151,4421.2m $547.4m $547.4m 0.96% Reduced -334.7k -334,725
84 Belvedere Trading LLC 45.50% of their portfolio CHICAGO, IL 1,112,2321.1m $528.7m $528.7m 45.50% Added +358.4k +358,386
85 Corient Private Wealth LP 0.94% of their portfolio MIAMI, FL 1,078,7671.1m $512.8m $512.8m 0.94% Added +21.3k +21,340
86 BNP PARIBAS FINANCIAL MARKETS 0.90% of their portfolio PARIS, I0 1,046,6181.0m $497.5m $497.5m 0.90% Reduced -25.5k -25,454
87 COMMON FUND FOR NONPROFIT ORGANIZATIONS 80.15% of their portfolio NORWALK, CT 1,030,1261.0m $449.5m $449.5m 80.15% Reduced -99.5k -99,489
88 Gotham Asset Management, LLC 8.75% of their portfolio NEW YORK, NY 991,922991.9k $471.5m $471.5m 8.75% Added +80.5k +80,542
89 CAPTRUST FINANCIAL ADVISORS 1.57% of their portfolio RALEIGH, NC 957,268957.3k $455.0m $455.0m 1.57% Reduced -135.7k -135,704
90 Valeo Financial Advisors, LLC 17.86% of their portfolio CARMEL, IN 946,162946.2k $442.4m $442.4m 17.86% Reduced -254.8k -254,766
91 CITIGROUP INC 0.59% of their portfolio NEW YORK, NY 934,866934.9k $444.4m $444.4m 0.59% Reduced -99.9k -99,877
92 Members Trust Co 12.68% of their portfolio TAMPA, FL 930,981931.0k $443.8m $443.8m 12.68% Reduced -67.7k -67,691
93 BBR PARTNERS, LLC 44.74% of their portfolio NEW YORK, NY 920,888920.9k $437.7m $437.7m 44.74% Reduced -814 -814
94 Euclidean Capital LLC 49.06% of their portfolio NEW YORK, NY 917,141917.1k $435.9m $435.9m 49.06% Added +424.6k +424,641
95 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.43% of their portfolio BOSTON, MA 859,694859.7k $408.6m $408.6m 0.43% Added +642.1k +642,095
96 Walleye Capital LLC 5.62% of their portfolio NEW YORK, NY 843,344843.3k $400.8m $400.8m 5.62% New
97 Man Group plc 1.15% of their portfolio LONDON, X0 841,130841.1k $399.8m $399.8m 1.15% New
98 Bridgewater Associates, LP 2.19% of their portfolio Westport, CT 823,251823.3k $391.3m $391.3m 2.19% Reduced -172.7k -172,724
99 Circle Wealth Management, LLC 9.90% of their portfolio SUMMIT, NJ 819,852819.9k $389.7m $389.7m 9.90% Added +23.7k +23,673
100 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.09% of their portfolio SAN FRANCISCO, CA 786,782786.8k $374.0m $374.0m 0.09% Reduced -34.4k -34,412