Vault-13

SPDR S&P 500 ETF TR SPY

TR UNIT · ETP · CUSIP 78462F103 · ISIN US78462F1030

3,707 institutional holders +10 vs Q4 2023
708,584,785708.6m shares reported held*
$369.6bnreported value*
151 new 1,436 added 1,590 reduced 145 sold out net bought ≈ $350.4m (-5.7m 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 ($957.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $521.60. Options: 152 managers hold calls ($276.4bn notional), 372 hold puts ($676.8bn).

Trends to Q1 2024

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: 3,697Q1 24: 3,7073,707Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 20223,063
Q4 20223,311
Q1 20233,267
Q2 20233,312
Q3 20233,333
Q4 20233,697
Q1 20243,707

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 23Q1 24: 1,587 bought or addedQ1 24: 1,735 cut or sold outQ1 24
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
Q1 20241,5871,735

Calls vs puts

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

CallsPuts
$0$200bn$400bn$600bn$800bnQ2 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 1.72Q1 24 calls: $276.4bnQ1 24 puts: $676.8bnQ1 24P/C 2.45
Numbers
QuarterCallsPutsP/C
Q2 2023$245.3bn$495.7bn2.02
Q3 2023$237.9bn$412.3bn1.73
Q4 2023$263.2bn$453.8bn1.72
Q1 2024$276.4bn$676.8bn2.45

Biggest buyers

MORGAN STANLEY Added +31,718,141+31.7m
JPMORGAN CHASE & CO Added +16,928,660+16.9m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +7,262,639+7.3m
Qube Research & Technologies Ltd Added +5,495,254+5.5m
HRT FINANCIAL LP Added +2,567,023+2.6m
Silicon Valley Community Foundation New +2,501,513+2.5m
Capula Management Ltd Added +1,988,566+2.0m
READYSTATE ASSET MANAGEMENT LP Added +1,690,876+1.7m
Walleye Trading LLC Added +1,597,883+1.6m
Maven Securities LTD Added +1,360,414+1.4m

Biggest sellers

ROYAL BANK OF CANADA Reduced -12,915,781-12.9m
Cerity Partners LLC Reduced -6,831,109-6.8m
CTC LLC Reduced -6,498,710-6.5m
JANE STREET GROUP, LLC Reduced -4,761,397-4.8m
DRW Securities, LLC Reduced -3,740,237-3.7m
Optiver Holding B.V. Sold out -3,472,155-3.5m
TD Asset Management Inc Reduced -2,775,303-2.8m
CLEAR STREET LLC Sold out -2,499,900-2.5m
CAPSTONE INVESTMENT ADVISORS, LLC Reduced -2,354,166-2.4m
Squarepoint Ops LLC Sold out -2,347,118-2.3m

Biggest calls

CTC LLC Reduced $43.8bn837.9k shares
Optiver Holding B.V. Added $37.0bn70.8m shares
JANE STREET GROUP, LLC Added $26.2bn50.2m shares
CITADEL ADVISORS LLC Reduced $20.8bn39.8m shares
Belvedere Trading LLC Added $20.6bn39.4m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $18.2bn34.8m shares
RK Capital Management, LLC/FL Added $12.0bn23.0m shares
IMC-Chicago, LLC Reduced $11.2bn21.4m shares
WOLVERINE TRADING, LLC Reduced $10.7bn20.4m shares
SIMPLEX TRADING, LLC Added $10.1bn19.8m shares

Biggest puts

JANE STREET GROUP, LLC Added $116.7bn223.1m shares
1832 Asset Management L.P. Added $114.1bn218.1m shares
Optiver Holding B.V. Added $61.2bn117.1m shares
CTC LLC Added $53.1bn1.0m shares
CITADEL ADVISORS LLC Reduced $35.3bn67.4m shares
IMC-Chicago, LLC Reduced $33.8bn64.7m shares
SIMPLEX TRADING, LLC Added $30.6bn59.1m shares
Belvedere Trading LLC Added $28.1bn53.7m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $22.1bn42.3m shares
UBS Group AG Added $20.8bn39.7m 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 Q1 2024

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 2024.

Holders, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JPMORGAN CHASE & CO 2.81% of their portfolio NEW YORK, NY 120,716,948120.7m $63.1bn $63.1bn 2.81% Added +16.9m +16,928,660
2 MORGAN STANLEY 1.38% of their portfolio NEW YORK, NY 98,946,89198.9m $51.8bn $51.8bn 1.38% Added +31.7m +31,718,141
3 GOLDMAN SACHS GROUP INC 4.04% of their portfolio NEW YORK, NY 36,656,46336.7m $19.2bn $19.2bn 4.04% Reduced -1.6m -1,595,887
4 BANK OF AMERICA CORP /DE/ 1.25% of their portfolio CHARLOTTE, NC 24,334,34924.3m $12.7bn $12.7bn 1.25% Added +1.1m +1,111,596
5 SUSQUEHANNA INTERNATIONAL GROUP, LLP 14.98% of their portfolio BALA CYNWYD, PA 19,185,14419.2m $10.0bn $10.0bn 14.98% Added +7.3m +7,262,639
6 ROYAL BANK OF CANADA 1.85% of their portfolio TORONTO, A6 14,539,70714.5m $7.6bn $7.6bn 1.85% Reduced -12.9m -12,915,781
7 NORTHERN TRUST CORP 1.21% of their portfolio CHICAGO, IL 13,420,70013.4m $7.0bn $7.0bn 1.21% Reduced -160.4k -160,376
8 HRT FINANCIAL LP 38.74% of their portfolio NEW YORK, NY 11,918,60811.9m $6.2bn $6.2bn 38.74% Added +2.6m +2,567,023
9 WELLS FARGO & COMPANY/MN 1.47% of their portfolio SAN FRANCISCO, CA 10,645,39610.6m $5.6bn $5.6bn 1.47% Reduced -2.1m -2,076,009
10 BANK OF MONTREAL /CAN/ 1.56% of their portfolio TORONTO, A6 9,301,4359.3m $4.9bn $4.9bn 1.56% Added +769.7k +769,667
11 UBS Group AG 1.46% of their portfolio ZURICH, V8 8,477,9328.5m $4.4bn $4.4bn 1.46% Added +295.1k +295,149
12 LPL Financial LLC 2.29% of their portfolio FORT MILL, SC 8,138,0068.1m $4.3bn $4.3bn 2.29% Added +342.4k +342,395
13 TD Asset Management Inc 3.61% of their portfolio Toronto, A6 7,423,0837.4m $3.9bn $3.9bn 3.61% Reduced -2.8m -2,775,303
14 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 3.39% of their portfolio MILWAUKEE, WI 6,304,1756.3m $3.3bn $3.3bn 3.39% Added +116.3k +116,331
15 MIZUHO SECURITIES USA LLC 77.88% of their portfolio NEW YORK, NY 6,087,6416.1m $3.2bn $3.2bn 77.88% Reduced -1.5m -1,500,559
16 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 10.82% of their portfolio TORONTO, A6 5,872,6725.9m $3.1bn $3.1bn 10.82% Added +40.0k +40,025
17 CTC LLC 49.97% of their portfolio CHICAGO, IL 5,790,4235.8m $3.0bn $3.0bn 49.97% Reduced -6.5m -6,498,710
18 Qube Research & Technologies Ltd 5.45% of their portfolio LONDON, X0 5,765,1365.8m $3.0bn $3.0bn 5.45% Added +5.5m +5,495,254
19 JANE STREET GROUP, LLC 3.58% of their portfolio NEW YORK, NY 5,290,3625.3m $2.8bn $2.8bn 3.58% Reduced -4.8m -4,761,397
20 MILLENNIUM MANAGEMENT LLC 2.18% of their portfolio NEW YORK, NY 4,915,5264.9m $2.6bn $2.6bn 2.18% Reduced -1.1m -1,088,359
21 US BANCORP \DE\ 3.39% of their portfolio MINNEAPOLIS, MN 4,656,2264.7m $2.4bn $2.4bn 3.39% Reduced -70.3k -70,336
22 PNC Financial Services Group, Inc. 1.59% of their portfolio Pittsburgh, PA 4,368,9334.4m $2.3bn $2.3bn 1.59% Reduced -56.0k -56,007
23 BARCLAYS PLC 0.96% of their portfolio LONDON, X0 4,061,4794.1m $2.1bn $2.1bn 0.96% Added +878.4k +878,352
24 FMR LLC 0.14% of their portfolio BOSTON, MA 3,997,7264.0m $2.1bn $2.1bn 0.14% Added +25.6k +25,622
25 CIBC WORLD MARKETS CORP 12.64% of their portfolio NEW YORK, NY 3,683,9593.7m $1.9bn $1.9bn 12.64% Reduced -1.5m -1,509,800
26 Capula Management Ltd 63.55% of their portfolio Grand Cayman, E9 3,589,9393.6m $1.9bn $1.9bn 63.55% Added +2.0m +1,988,566
27 CITADEL ADVISORS LLC 1.80% of their portfolio MIAMI, FL 3,570,9703.6m $1.9bn $1.9bn 1.80% Reduced -2.0m -1,954,007
28 TRUIST FINANCIAL CORP 2.81% of their portfolio CHARLOTTE, NC 3,547,8033.5m $1.9bn $1.9bn 2.81% Reduced -9.0k -8,952
29 Bank of New York Mellon Corp 0.35% of their portfolio NEW YORK, NY 3,496,8453.5m $1.8bn $1.8bn 0.35% Reduced -154.8k -154,821
30 AMERIPRISE FINANCIAL INC 0.48% of their portfolio MINNEAPOLIS, MN 3,361,1293.4m $1.8bn $1.8bn 0.48% Reduced -16.4k -16,450
31 MACKENZIE FINANCIAL CORP 2.40% of their portfolio TORONTO ONTARIO, A6 3,175,5063.2m $1.7bn $1.7bn 2.40% Reduced -45.8k -45,758
32 STATE OF MICHIGAN RETIREMENT SYSTEM 8.83% of their portfolio EAST LANSING, MI 3,141,8403.1m $1.6bn $1.6bn 8.83% Reduced -234.9k -234,900
33 Creative Planning 1.75% of their portfolio OVERLAND PARK, KS 3,021,6003.0m $1.6bn $1.6bn 1.75% Reduced -40.1k -40,112
34 Cresset Asset Management, LLC 7.63% of their portfolio Chicago, IL 2,987,7043.0m $1.6bn $1.6bn 7.63% Added +327.8k +327,816
35 ENVESTNET ASSET MANAGEMENT INC 0.55% of their portfolio Berwyn, PA 2,791,9532.8m $1.5bn $1.5bn 0.55% Reduced -49.6k -49,621
36 TWO SIGMA INVESTMENTS, LP 3.50% of their portfolio NEW YORK, NY 2,731,4402.7m $1.4bn $1.4bn 3.50% Reduced -101.8k -101,781
37 HSBC HOLDINGS PLC 1.01% of their portfolio LONDON, X0 2,717,1522.7m $1.4bn $1.4bn 1.01% Reduced -73.4k -73,437
38 National Mutual Insurance Federation of Agricultural Cooperatives 14.47% of their portfolio TOKYO, JAPAN, M0 2,617,8322.6m $1.4bn $1.4bn 14.47% Unchanged
39 RAYMOND JAMES & ASSOCIATES 0.89% of their portfolio ST PETERSBURG, FL 2,512,4102.5m $1.3bn $1.3bn 0.89% Reduced -469.0k -468,976
40 Silicon Valley Community Foundation 47.97% of their portfolio MOUNTAIN VIEW, CA 2,501,5132.5m $1.3bn $1.3bn 47.97% New
41 Pathstone Holdings, LLC 5.83% of their portfolio ENGLEWOOD, NJ 2,366,1722.4m $1.2bn $1.2bn 5.83% Reduced -36.7k -36,739
42 Schonfeld Strategic Advisors LLC 9.50% of their portfolio NEW YORK, NY 2,305,7082.3m $1.2bn $1.2bn 9.50% Reduced -1.5m -1,506,386
43 Rockefeller Capital Management L.P. 3.45% of their portfolio NEW YORK, NY 2,262,1012.3m $1.2bn $1.2bn 3.45% Added +120.4k +120,431
44 CANADA PENSION PLAN INVESTMENT BOARD 1.23% of their portfolio TORONTO ONTARIO, A6 2,237,0002.2m $1.2bn $1.2bn 1.23% Added +8.5k +8,500
45 Walleye Trading LLC 18.58% of their portfolio NEW YORK, NY 2,168,3762.2m $1.1bn $1.1bn 18.58% Added +1.6m +1,597,883
46 Lido Advisors, LLC 9.88% of their portfolio Los Angeles, CA 2,105,6922.1m $1.1bn $1.1bn 9.88% Added +49.0k +49,027
47 Cerity Partners LLC 2.56% of their portfolio NEW YORK, NY 2,050,0412.1m $968.0m $968.0m 2.56% Reduced -6.8m -6,831,109
48 HighTower Advisors, LLC 1.71% of their portfolio CHICAGO, IL 2,015,9662.0m $1.1bn $1.1bn 1.71% Reduced -125.6k -125,612
49 COMMONWEALTH EQUITY SERVICES, LLC 1.64% of their portfolio WALTHAM, MA 1,889,4121.9m $988.3m $988.3m 1.64% Reduced -29.8k -29,775
50 Raymond James Financial Services Advisors, Inc. 1.44% of their portfolio ST. PETERSBURG, FL 1,850,4311.9m $967.9m $967.9m 1.44% Added +71.5k +71,517
51 Maven Securities LTD 57.13% of their portfolio ST HELIER, Y9 1,831,4141.8m $958.0m $958.0m 57.13% Added +1.4m +1,360,414
52 DRW Securities, LLC 54.46% of their portfolio CHICAGO, IL 1,825,9861.8m $955.1m $955.1m 54.46% Reduced -3.7m -3,740,237
53 BANK OF NOVA SCOTIA 1.89% of their portfolio TORONTO, A6 1,791,3781.8m $937.0m $937.0m 1.89% Reduced -394.2k -394,157
54 READYSTATE ASSET MANAGEMENT LP 33.07% of their portfolio CHICAGO, IL 1,772,6261.8m $927.2m $927.2m 33.07% Added +1.7m +1,690,876
55 Bank Julius Baer & Co. Ltd, Zurich 3.35% of their portfolio ZURICH, V8 1,670,4461.7m $873.8m $873.8m 3.35% Reduced -30.8k -30,815
56 TORONTO DOMINION BANK 1.35% of their portfolio TORONTO, ONTARIO, A6 1,642,4051.6m $859.1m $859.1m 1.35% Reduced -1.6m -1,584,010
57 STATE STREET CORP 0.04% of their portfolio BOSTON, MA 1,601,7291.6m $840.6m $840.6m 0.04% Reduced -132.6k -132,607
58 Norinchukin Bank, The 24.48% of their portfolio TOKYO, M0 1,563,6961.6m $817.9m $817.9m 24.48% Reduced -1.2m -1,161,796
59 STIFEL FINANCIAL CORP 0.92% of their portfolio ST. LOUIS, MO 1,542,8431.5m $807.0m $807.0m 0.92% Reduced -25.4k -25,446
60 Hudson Bay Capital Management LP 6.95% of their portfolio STAMFORD, CT 1,516,3001.5m $793.1m $793.1m 6.95% Added +775.9k +775,859
61 Board of Trustees of The Leland Stanford Junior University 68.32% of their portfolio STANFORD, CA 1,493,5911.5m $781.3m $781.3m 68.32% Reduced -444.3k -444,330
62 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.72% of their portfolio Toronto, A6 1,487,1991.5m $778.0m $778.0m 0.72% Reduced -24.9k -24,927
63 BlackRock Inc. 0.02% of their portfolio New York, NY 1,364,2531.4m $713.6m $713.6m 0.02% Added +140.3k +140,315
64 Analyst IMS Investment Management Services Ltd. 31.05% of their portfolio Tel-aviv, L3 1,362,9091.4m $712.9m $712.9m 31.05% Added +87.9k +87,892
65 Quantitative Investment Management, LLC 39.08% of their portfolio CHARLOTTESVILLE, VA 1,268,3161.3m $663.4m $663.4m 39.08% New
66 Cetera Investment Advisers 1.56% of their portfolio SCHAUMBURG, IL 1,264,3161.3m $661.3m $661.3m 1.56% Added +1.1m +1,054,991
67 Mariner, LLC 1.36% of their portfolio Overland Park, KS 1,256,6921.3m $657.3m $657.3m 1.36% Reduced -30.0k -30,009
68 Gotham Asset Management, LLC 9.86% of their portfolio NEW YORK, NY 1,248,7591.2m $653.2m $653.2m 9.86% Added +256.8k +256,837
69 Trust Asset Management LLC 55.78% of their portfolio HOUSTON, TX 1,217,6371.2m $636.9m $636.9m 55.78% Reduced -4.1k -4,129
70 CITIGROUP INC 0.68% of their portfolio NEW YORK, NY 1,213,9181.2m $635.0m $635.0m 0.68% Added +279.1k +279,052
71 Verition Fund Management LLC 6.06% of their portfolio GREENWICH, CT 1,212,6571.2m $634.3m $634.3m 6.06% Reduced -1.5m -1,454,433
72 Swan Global Investments, LLC 30.76% of their portfolio DURANGO, CO 1,194,5331.2m $624.8m $624.8m 30.76% Reduced -77.0k -77,025
73 PRUDENTIAL FINANCIAL INC 0.88% of their portfolio NEWARK, NJ 1,193,9041.2m $624.5m $624.5m 0.88% Reduced -73.1k -73,134
74 Global Assets Advisory, LLC 0.09% of their portfolio ORLANDO, FL 1,188,7181.2m $2.3k $2.3k 0.09% New
75 NATIXIS 3.43% of their portfolio PARIS, I0 1,179,9861.2m $617.2m $617.2m 3.43% Reduced -1.3m -1,268,202
76 NISSAY ASSET MANAGEMENT CORP /JAPAN 4.22% of their portfolio Tokyo, M0 1,164,1541.2m $608.9m $608.9m 4.22% Reduced -19.4k -19,447
77 Hirtle & Co., LLC 25.24% of their portfolio WEST CONSHOHOCKEN, PA 1,131,3431.1m $591.8m $591.8m 25.24% Reduced -383.4k -383,430
78 GLENMEDE TRUST CO NA 2.96% of their portfolio PHILADELPHIA, PA 1,128,9121.1m $590.5m $590.5m 2.96% Reduced -49.7k -49,686
79 COMMON FUND FOR NONPROFIT ORGANIZATIONS 83.28% of their portfolio NORWALK, CT 1,124,2361.1m $490.5m $490.5m 83.28% Added +94.1k +94,110
80 OSAIC HOLDINGS, INC. 1.30% of their portfolio SCOTTSDALE, AZ 1,115,1191.1m $583.5m $583.5m 1.30% Reduced -36.3k -36,323
81 QVR LLC 94.64% of their portfolio San Francisco, CA 1,063,2541.1m $556.2m $556.2m 94.64% Added +820.3k +820,272
82 WOLVERINE TRADING, LLC 5.57% of their portfolio CHICAGO, IL 1,047,1891.0m $547.8m $547.8m 5.57% Reduced -2.2m -2,237,965
83 Corient Private Wealth LP 0.97% of their portfolio MIAMI, FL 1,041,1731.0m $544.5m $544.5m 0.97% Reduced -37.6k -37,594
84 Allianz Asset Management GmbH 0.88% of their portfolio MUNICH, 2M 996,846996.8k $521.4m $521.4m 0.88% Added +233.0k +232,986
85 Valeo Financial Advisors, LLC 17.45% of their portfolio CARMEL, IN 993,539993.5k $486.9m $486.9m 17.45% Added +47.4k +47,377
86 TEXAS TREASURY SAFEKEEPING TRUST CO 16.61% of their portfolio AUSTIN, TX 989,605989.6k $517.7m $517.7m 16.61% Added +617.0k +616,993
87 Euclidean Capital LLC 65.36% of their portfolio NEW YORK, NY 974,641974.6k $509.8m $509.8m 65.36% Added +57.5k +57,500
88 Thrivent Financial for Lutherans 1.02% of their portfolio Minneapolis, MN 973,343973.3k $509.1m $509.1m 1.02% Added +260.2k +260,217
89 Provida Pension Fund Administrator 12.56% of their portfolio LAS CONDES, SANTIAGO, F3 966,890966.9k $506.2m $506.2m 12.56% Added +213.8k +213,805
90 BBR PARTNERS, LLC 39.82% of their portfolio NEW YORK, NY 950,313950.3k $497.1m $497.1m 39.82% Added +29.4k +29,425
91 SWISS RE LTD 99.79% of their portfolio ZURICH, V8 950,000950.0k $496.9m $496.9m 99.79% New
92 Clal Insurance Enterprises Holdings Ltd 5.40% of their portfolio Tel-aviv, L3 913,018913.0k $478.8m $478.8m 5.40% Added +483.7k +483,723
93 NATIONAL BANK OF CANADA /FI/ 0.82% of their portfolio MONTREAL, A8 911,113911.1k $474.5m $474.5m 0.82% Reduced -1.2m -1,164,310
94 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.11% of their portfolio SAN FRANCISCO, CA 908,831908.8k $475.4m $475.4m 0.11% Added +122.0k +122,049
95 Sanders Capital, LLC 0.79% of their portfolio West Palm Beach, FL 907,110907.1k $474.5m $474.5m 0.79% Added +477.2k +477,224
96 CHURCHILL MANAGEMENT Corp 5.81% of their portfolio Los Angeles, CA 889,759889.8k $465.4m $465.4m 5.81% Added +285.2k +285,200
97 BNP PARIBAS FINANCIAL MARKETS 0.57% of their portfolio PARIS, I0 883,090883.1k $461.9m $461.9m 0.57% Reduced -163.5k -163,528
98 CAPTRUST FINANCIAL ADVISORS 1.69% of their portfolio RALEIGH, NC 880,956881.0k $460.8m $460.8m 1.69% Reduced -76.3k -76,312
99 Circle Wealth Management, LLC 10.94% of their portfolio SUMMIT, NJ 840,852840.9k $439.8m $439.8m 10.94% Added +21.0k +21,000
100 Members Trust Co 13.06% of their portfolio TAMPA, FL 837,386837.4k $438.0m $438.0m 13.06% Reduced -93.6k -93,595