SPDR S&P 500 ETF TR SPY
TR UNIT · ETP · CUSIP 78462F103 · ISIN US78462F1030
* 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 ($1.3bn this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $628.06. Options: 218 managers hold calls ($304.7bn notional), 403 hold puts ($553.7bn).
Trends to Q1 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 3,063 |
| Q4 2022 | 3,311 |
| Q1 2023 | 3,267 |
| Q2 2023 | 3,312 |
| Q3 2023 | 3,333 |
| Q4 2023 | 3,697 |
| Q1 2024 | 3,707 |
| Q2 2024 | 3,769 |
| Q3 2024 | 3,808 |
| Q4 2024 | 4,242 |
| Q1 2025 | 4,189 |
| Q2 2025 | 4,246 |
| Q3 2025 | 4,261 |
| Q4 2025 | 4,642 |
| Q1 2026 | 4,595 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 1,727 | 1,560 |
| Q3 2024 | 1,722 | 1,593 |
| Q4 2024 | 1,841 | 1,569 |
| Q1 2025 | 1,784 | 2,029 |
| Q2 2025 | 1,991 | 1,787 |
| Q3 2025 | 1,830 | 1,873 |
| Q4 2025 | 1,915 | 1,812 |
| Q1 2026 | 1,840 | 2,217 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $333.1bn | $621.7bn | 1.87 |
| Q3 2025 | $333.4bn | $693.5bn | 2.08 |
| Q4 2025 | $279.5bn | $527.3bn | 1.89 |
| Q1 2026 | $304.7bn | $553.7bn | 1.82 |
Biggest buyers
| Gallagher Fiduciary Advisors, LLC | Added | +15.6m |
| MORGAN STANLEY | Added | +11.2m |
| JANE STREET GROUP, LLC | Added | +10.3m |
| GOLDMAN SACHS GROUP INC | Added | +3.5m |
| Gotham Asset Management, LLC | Added | +2.3m |
| SG Americas Securities, LLC | Added | +1.6m |
| BARCLAYS PLC | Added | +1.6m |
| BANK OF AMERICA CORP /DE/ | Added | +1.5m |
| UBS Group AG | Added | +1.5m |
| Walleye Capital LLC | Added | +1.4m |
Biggest sellers
| Corient Private Wealth LP | Reduced | -28.4m |
| WELLS FARGO & COMPANY/MN | Reduced | -11.6m |
| CITIGROUP INC | Reduced | -6.9m |
| D. E. Shaw & Co., Inc. | Reduced | -4.7m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -3.0m |
| ROYAL BANK OF CANADA | Reduced | -2.5m |
| Turner Capital Investments, LLC | Sold out | -2.4m |
| CITADEL ADVISORS LLC | Reduced | -1.8m |
| Schonfeld Strategic Advisors LLC | Reduced | -1.7m |
| Optiver Holding B.V. | Reduced | -1.6m |
Biggest calls
| Optiver Holding B.V. | Added | $44.4bn68.3m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $43.7bn67.2m shares |
| JANE STREET GROUP, LLC | Reduced | $43.1bn66.3m shares |
| CTC LLC | Added | $28.8bn442.6k shares |
| IMC-Chicago, LLC | Added | $21.3bn32.8m shares |
| CITADEL ADVISORS LLC | Added | $17.6bn27.0m shares |
| Belvedere Trading LLC | Added | $17.0bn26.1m shares |
| SIMPLEX TRADING, LLC | Added | $14.1bn21.7m shares |
| BlackRock, Inc. | Reduced | $13.2bn20.3m shares |
| AKUNA SECURITIES LLC | Added | $11.6bn17.8m shares |
Biggest puts
| JANE STREET GROUP, LLC | Added | $73.7bn113.3m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $73.3bn112.6m shares |
| Optiver Holding B.V. | Added | $60.7bn93.4m shares |
| CTC LLC | Reduced | $37.1bn570.5k shares |
| IMC-Chicago, LLC | Added | $27.9bn42.8m shares |
| 1832 Asset Management L.P. | Reduced | $27.6bn42.5m shares |
| SIMPLEX TRADING, LLC | Added | $27.4bn42.1m shares |
| BARCLAYS PLC | Reduced | $25.2bn38.7m shares |
| CITADEL ADVISORS LLC | Added | $24.2bn37.2m shares |
| Belvedere Trading LLC | Added | $16.9bn26.0m 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 2026
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 2026.
Holders, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| JPMORGAN CHASE & CO 1.96% of their portfolio | 45.8m $28.9bn | Added +1.2m |
| MORGAN STANLEY 1.59% of their portfolio | 40.5m $26.3bn | Added +11.2m |
| GOLDMAN SACHS GROUP INC 3.13% of their portfolio | 36.6m $23.8bn | Added +3.5m |
| BANK OF AMERICA CORP /DE/ 1.53% of their portfolio | 32.3m $21.0bn | Added +1.5m |
| JANE STREET GROUP, LLC 14.18% of their portfolio | 20.3m $13.2bn | Added +10.3m |
| Gallagher Fiduciary Advisors, LLC 0.01% of their portfolio | 15.6m $360.1k | Added +15.6m |
| NORTHERN TRUST CORP 1.19% of their portfolio | 13.8m $9.0bn | Added +41.9k |
| UBS Group AG 1.42% of their portfolio | 12.3m $8.0bn | Added +1.5m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 8.96% of their portfolio | 10.6m $6.9bn | Added +632.6k |
| LPL Financial LLC 1.72% of their portfolio | 10.0m $6.5bn | Reduced -207.8k |
| WELLS FARGO & COMPANY/MN 1.22% of their portfolio | 9.4m $6.1bn | Reduced -11.6m |
| Gotham Asset Management, LLC 17.94% of their portfolio | 9.0m $5.9bn | Added +2.3m |
| HRT FINANCIAL LP 16.01% of their portfolio | 6.9m $4.5bn | Reduced -247.8k |
| BARCLAYS PLC 1.52% of their portfolio | 6.5m $4.2bn | Added +1.6m |
| ROYAL BANK OF CANADA 0.79% of their portfolio | 6.4m $4.2bn | Reduced -2.5m |
| Capula Management Ltd 34.94% of their portfolio | 6.2m $4.0bn | Added +497.0k |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 2.45% of their portfolio | 6.1m $4.0bn | Added +160.4k |
| BANK OF MONTREAL /CAN/ 1.59% of their portfolio | 6.0m $3.9bn | Reduced -1.1m |
| RAYMOND JAMES FINANCIAL INC 0.91% of their portfolio | 4.5m $2.9bn | Reduced -637.4k |
| Bridgewater Associates, LP 12.67% of their portfolio | 4.4m $2.8bn | Reduced -90.6k |
| Lido Advisors, LLC 11.09% of their portfolio | 4.3m $2.8bn | Added +887.8k |
| BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 19.16% of their portfolio | 4.3m $2.7bn | Added +1.1m |
| US BANCORP \DE\ 3.29% of their portfolio | 4.2m $2.7bn | Reduced -76.6k |
| FMR LLC 0.14% of their portfolio | 4.2m $2.7bn | Reduced -85.3k |
| PNC Financial Services Group, Inc. 1.47% of their portfolio | 3.9m $2.5bn | Reduced -162.3k |
| Cresset Asset Management, LLC 10.05% of their portfolio | 3.6m $2.3bn | Reduced -51.2k |
| MACKENZIE FINANCIAL CORP 2.68% of their portfolio | 3.4m $2.2bn | Added +293.7k |
| TRUIST FINANCIAL CORP 2.77% of their portfolio | 3.1m $2.0bn | Added +20.5k |
| BNP PARIBAS FINANCIAL MARKETS 1.28% of their portfolio | 3.0m $1.9bn | Added +311.8k |
| Creative Planning 1.30% of their portfolio | 3.0m $1.9bn | Reduced -58.7k |
| Rockefeller Capital Management L.P. 3.40% of their portfolio | 2.9m $1.9bn | Added +109.5k |
| AMERIPRISE FINANCIAL INC 0.44% of their portfolio | 2.9m $1.9bn | Reduced -221.7k |
| Sanders Capital, LLC 2.26% of their portfolio | 2.9m $1.9bn | Added +872.4k |
| TD Asset Management Inc 1.50% of their portfolio | 2.8m $1.9bn | Added +76.7k |
| HighTower Advisors, LLC 1.93% of their portfolio | 2.8m $1.8bn | Added +795.3k |
| Bank of New York Mellon Corp 0.32% of their portfolio | 2.7m $1.7bn | Reduced -79.6k |
| National Mutual Insurance Federation of Agricultural Cooperatives 13.11% of their portfolio | 2.6m $1.7bn | Unchanged |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 2.78% of their portfolio | 2.6m $1.7bn | Reduced -1.2m |
| ENVESTNET ASSET MANAGEMENT INC 0.45% of their portfolio | 2.6m $1.7bn | Added +111.7k |
| Focus Partners Wealth 1.63% of their portfolio | 2.4m $1.5bn | Reduced -424.1k |
| SG Americas Securities, LLC 1.56% of their portfolio | 2.2m $1.4bn | Added +1.6m |
| Pathstone Holdings, LLC 5.64% of their portfolio | 2.2m $1.4bn | Reduced -40.6k |
| Cerity Partners LLC 1.98% of their portfolio | 2.2m $1.4bn | Added +87.3k |
| BlackRock, Inc. 0.02% of their portfolio | 2.1m $1.3bn | Added +102.1k |
| Clal Insurance Enterprises Holdings Ltd 7.89% of their portfolio | 2.0m $1.3bn | Added +19.1k |
| Cetera Investment Advisers 1.25% of their portfolio | 1.8m $1.2bn | Reduced -19.9k |
| CIBC WORLD MARKET INC. 2.06% of their portfolio | 1.8m $1.2bn | Added +1.4m |
| TEXAS TREASURY SAFEKEEPING TRUST CO 90.15% of their portfolio | 1.7m $1.1bn | Reduced -454.9k |
| Walleye Capital LLC 6.53% of their portfolio | 1.6m $1.1bn | Added +1.4m |
| CITIGROUP INC 0.68% of their portfolio | 1.6m $1.1bn | Reduced -6.9m |
| STIFEL FINANCIAL CORP 0.97% of their portfolio | 1.6m $1.1bn | Reduced -50.2k |
| COMMONWEALTH EQUITY SERVICES, LLC 1.47% of their portfolio | 1.6m $1.1bn | Reduced -117.3k |
| STATE STREET CORP 0.04% of their portfolio | 1.6m $1.0bn | Reduced -70.3k |
| MEITAV INVESTMENT HOUSE LTD 11.21% of their portfolio | 1.6m $1.0bn | Added +203.1k |
| Corient Private Wealth LP 1.38% of their portfolio | 1.5m $965.5m | Reduced -28.4m |
| Mariner, LLC 1.14% of their portfolio | 1.5m $979.3m | Reduced -1.2k |
| Bank Julius Baer & Co. Ltd, Zurich 2.73% of their portfolio | 1.4m $904.5m | Reduced -128.4k |
| Trustees of Columbia University in the City of New York 99.97% of their portfolio | 1.4m $890.7m | Added +157.7k |
| MACQUARIE GROUP LTD 5.20% of their portfolio | 1.3m $871.5m | Added +1.1m |
| OSAIC HOLDINGS, INC. 1.23% of their portfolio | 1.3m $842.8m | Reduced -36.8k |
| Power Alpha Investment Ltd 93.59% of their portfolio | 1.3m $818.2m | Reduced -56.3k |
| Norinchukin Bank, The 9.36% of their portfolio | 1.2m $801.9m | Unchanged |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.68% of their portfolio | 1.2m $789.7m | Reduced -9.8k |
| Trust Asset Management LLC 56.09% of their portfolio | 1.2m $783.2m | Reduced -7.6k |
| TORONTO DOMINION BANK 1.50% of their portfolio | 1.2m $778.2m | Added +1.1m |
| Pure Financial Advisors, LLC 10.53% of their portfolio | 1.1m $733.9m | Added +33.3k |
| TUDOR INVESTMENT CORP ET AL 3.92% of their portfolio | 1.1m $727.8m | Added +674.6k |
| Cohen Klingenstein LLC 23.38% of their portfolio | 1.1m $722.5m | Reduced -13.9k |
| BBR PARTNERS, LLC 38.74% of their portfolio | 1.1m $694.1m | Added +21.8k |
| NATIXIS 2.64% of their portfolio | 1.0m $658.8m | Added +74.2k |
| Hirtle & Co., LLC 22.22% of their portfolio | 997.3k $648.6m | Reduced -13.3k |
| Swan Global Investments, LLC 34.75% of their portfolio | 995.4k $647.3m | Reduced -92.3k |
| FRANKLIN RESOURCES INC 0.16% of their portfolio | 985.6k $641.0m | Added +41.1k |
| BROWN ADVISORY INC 1.04% of their portfolio | 968.8k $630.0m | Added +49.3k |
| JONES FINANCIAL COMPANIES LLLP 0.30% of their portfolio | 961.2k $614.5m | Added +86.4k |
| MAI Capital Management 3.54% of their portfolio | 959.8k $624.2m | Added +31.7k |
| Provida Pension Fund Administrator 10.46% of their portfolio | 956.2k $621.9m | Added +911.6k |
| Valeo Financial Advisors, LLC 14.35% of their portfolio | 922.5k $599.9m | Reduced -9.0k |
| FIFTH THIRD BANCORP 1.09% of their portfolio | 920.4k $598.5m | Added +463.1k |
| AQR CAPITAL MANAGEMENT LLC 0.27% of their portfolio | 916.4k $596.0m | Added +213.5k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.37% of their portfolio | 877.0k $570.3m | Reduced -1.2m |
| Analyst IMS Investment Management Services Ltd. 17.03% of their portfolio | 864.6k $562.3m | Reduced -97.0k |
| IEQ CAPITAL, LLC 2.61% of their portfolio | 863.0k $561.3m | Reduced -283.2k |
| Freedom Together Foundation 72.30% of their portfolio | 847.4k $551.1m | Unchanged |
| BLAIR WILLIAM & CO/IL 1.58% of their portfolio | 845.3k $549.7m | Reduced -12.5k |
| Verition Fund Management LLC 5.27% of their portfolio | 835.6k $543.4m | Reduced -431.8k |
| Circle Wealth Management, LLC 7.70% of their portfolio | 830.2k $539.9m | Added +1.4k |
| Pine Ridge Advisers LLC 37.87% of their portfolio | 820.0k $533.3m | Reduced -3.5k |
| CAPTRUST FINANCIAL ADVISORS 0.90% of their portfolio | 788.3k $512.6m | Reduced -8.9k |
| Quantinno Capital Management LP 0.85% of their portfolio | 785.4k $510.8m | Added +265.6k |
| PRUDENTIAL FINANCIAL INC 0.63% of their portfolio | 783.8k $509.8m | Reduced -299 |
| Concentric Capital Strategies, LP 43.54% of their portfolio | 768.0k $499.5m | Added +43.5k |
| UNITED CAPITAL FINANCIAL ADVISORS, LLC 3.06% of their portfolio | 764.3k $497.1m | Added +1.3k |
| SUMITOMO MITSUI FINANCIAL GROUP, INC. 9.99% of their portfolio | 756.0k $491.6m | Added +2.5k |
| GLENMEDE TRUST CO NA 2.41% of their portfolio | 753.5k $490.0m | Reduced -19.8k |
| CAPITOLIS LIQUID GLOBAL MARKETS LLC 3.11% of their portfolio | 752.0k $489.1m | First filing |
| Wellspring Financial Advisors, LLC 1.93% of their portfolio | 751.2k $25.7m | Reduced -17.2k |
| D. E. Shaw & Co., Inc. 0.38% of their portfolio | 745.5k $484.8m | Reduced -4.7m |
| TD Waterhouse Canada Inc. 1.41% of their portfolio | 726.1k $475.0m | Added +339.5k |
| SummitTX Capital, L.P. 15.03% of their portfolio | 723.7k $470.6m | Added +311.0k |