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 ($1.5bn this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $742.56. Options: 211 managers hold calls ($380.5bn notional), 416 hold puts ($780.0bn).
Trends to Q2 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 |
| Q2 2026 | 4,654 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q2 2026 | 1,995 | 2,045 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $333.4bn | $693.5bn | 2.08 |
| Q4 2025 | $279.5bn | $527.3bn | 1.89 |
| Q1 2026 | $304.7bn | $553.7bn | 1.82 |
| Q2 2026 | $380.5bn | $780.0bn | 2.05 |
Biggest buyers
| JANE STREET GROUP, LLC | Added | +24.0m |
| D. E. Shaw & Co., Inc. | Added | +13.3m |
| CARRONADE CAPITAL MANAGEMENT, LP | New | +4.5m |
| MILLENNIUM MANAGEMENT LLC | Added | +4.2m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +4.0m |
| ROYAL BANK OF CANADA | Added | +2.8m |
| WELLS FARGO & COMPANY/MN | Added | +2.6m |
| Gotham Asset Management, LLC | Added | +2.4m |
| JPMORGAN CHASE & CO | Added | +1.9m |
| Alphadyne Asset Management LP | New | +1.7m |
Biggest sellers
| Gallagher Fiduciary Advisors, LLC | Reduced | -15.6m |
| MORGAN STANLEY | Reduced | -8.2m |
| GOLDMAN SACHS GROUP INC | Reduced | -5.1m |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | Reduced | -2.1m |
| Capula Management Ltd | Reduced | -1.6m |
| BANK OF AMERICA CORP /DE/ | Reduced | -1.5m |
| Walleye Capital LLC | Reduced | -1.4m |
| SG Americas Securities, LLC | Reduced | -1.2m |
| TORONTO DOMINION BANK | Reduced | -1.0m |
| TEXAS TREASURY SAFEKEEPING TRUST CO | Reduced | -1.0m |
Biggest calls
| Optiver Holding B.V. | Added | $55.5bn74.3m shares |
| JANE STREET GROUP, LLC | Added | $54.4bn72.8m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $47.7bn63.9m shares |
| CTC LLC | Added | $43.4bn581.5k shares |
| CITADEL ADVISORS LLC | Added | $35.7bn47.7m shares |
| Belvedere Trading LLC | Added | $20.1bn27.0m shares |
| IMC-Chicago, LLC | Reduced | $18.7bn25.0m shares |
| SIMPLEX TRADING, LLC | Added | $17.0bn22.7m shares |
| Castle Hook Partners LP | New | $12.3bn16.5m shares |
| BlackRock, Inc. | Reduced | $9.6bn12.8m shares |
Biggest puts
| JANE STREET GROUP, LLC | Added | $116.1bn155.4m shares |
| 1832 Asset Management L.P. | Added | $112.1bn150.1m shares |
| Optiver Holding B.V. | Reduced | $64.4bn86.2m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $61.5bn82.4m shares |
| BARCLAYS PLC | Added | $60.4bn80.9m shares |
| CTC LLC | Added | $45.8bn613.2k shares |
| IMC-Chicago, LLC | Added | $39.2bn52.5m shares |
| ROYAL BANK OF CANADA | Added | $27.5bn36.8m shares |
| SIMPLEX TRADING, LLC | Reduced | $24.9bn33.4m shares |
| Belvedere Trading LLC | Added | $23.9bn32.0m 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 since 1 Apr 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 since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| JPMORGAN CHASE & CO 2.06% of their portfolio | 47.7m $35.3bn | Added +1.9m |
| JANE STREET GROUP, LLC 21.04% of their portfolio | 44.3m $33.1bn | Added +24.0m |
| MORGAN STANLEY 1.28% of their portfolio | 32.3m $24.1bn | Reduced -8.2m |
| GOLDMAN SACHS GROUP INC 2.47% of their portfolio | 31.5m $23.5bn | Reduced -5.1m |
| BANK OF AMERICA CORP /DE/ 1.48% of their portfolio | 30.8m $23.0bn | Reduced -1.5m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 9.68% of their portfolio | 14.6m $10.9bn | Added +4.0m |
| D. E. Shaw & Co., Inc. 6.47% of their portfolio | 14.0m $10.5bn | Added +13.3m |
| NORTHERN TRUST CORP 1.19% of their portfolio | 13.7m $10.3bn | Reduced -105.2k |
| UBS Group AG 1.46% of their portfolio | 12.3m $9.2bn | Reduced -33.9k |
| WELLS FARGO & COMPANY/MN 1.56% of their portfolio | 12.0m $9.0bn | Added +2.6m |
| Gotham Asset Management, LLC 19.80% of their portfolio | 11.4m $8.5bn | Added +2.4m |
| LPL Financial LLC 1.66% of their portfolio | 9.9m $7.4bn | Reduced -63.5k |
| ROYAL BANK OF CANADA 1.16% of their portfolio | 9.2m $6.8bn | Added +2.8m |
| HRT FINANCIAL LP 13.18% of their portfolio | 7.5m $5.6bn | Added +546.3k |
| BARCLAYS PLC 1.62% of their portfolio | 6.9m $5.1bn | Added +345.5k |
| BANK OF MONTREAL /CAN/ 1.75% of their portfolio | 6.4m $4.8bn | Added +482.5k |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 2.49% of their portfolio | 6.2m $4.7bn | Added +125.7k |
| Bridgewater Associates, LP 16.30% of their portfolio | 5.3m $4.0bn | Added +955.4k |
| MILLENNIUM MANAGEMENT LLC 2.45% of their portfolio | 4.9m $3.6bn | Added +4.2m |
| RAYMOND JAMES FINANCIAL INC 0.94% of their portfolio | 4.6m $3.5bn | Added +112.6k |
| Capula Management Ltd 15.08% of their portfolio | 4.6m $3.4bn | Reduced -1.6m |
| CARRONADE CAPITAL MANAGEMENT, LP 58.20% of their portfolio | 4.5m $3.4bn | New |
| US BANCORP \DE\ 3.43% of their portfolio | 4.2m $3.1bn | Added +37.7k |
| Lido Advisors, LLC 11.16% of their portfolio | 4.2m $3.1bn | Reduced -161.3k |
| FMR LLC 0.13% of their portfolio | 4.2m $3.1bn | Reduced -7.3k |
| PNC Financial Services Group, Inc. 1.42% of their portfolio | 3.8m $2.9bn | Reduced -73.6k |
| Cresset Asset Management, LLC 10.17% of their portfolio | 3.7m $2.8bn | Added +166.5k |
| BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 16.26% of their portfolio | 3.5m $2.6bn | Reduced -768.7k |
| MACKENZIE FINANCIAL CORP 2.56% of their portfolio | 3.5m $2.6bn | Added +39.9k |
| BNP PARIBAS FINANCIAL MARKETS 1.24% of their portfolio | 3.2m $2.4bn | Added +209.0k |
| TRUIST FINANCIAL CORP 2.74% of their portfolio | 3.1m $2.3bn | Reduced -78.7k |
| Clal Insurance Enterprises Holdings Ltd 10.22% of their portfolio | 3.0m $2.3bn | Added +1.0m |
| AMERIPRISE FINANCIAL INC 0.45% of their portfolio | 3.0m $2.2bn | Added +40.7k |
| Creative Planning 1.29% of their portfolio | 3.0m $2.2bn | Added +5.5k |
| Rockefeller Capital Management L.P. 3.24% of their portfolio | 2.8m $2.1bn | Reduced -117.0k |
| HighTower Advisors, LLC 1.94% of their portfolio | 2.7m $2.0bn | Reduced -92.9k |
| National Mutual Insurance Federation of Agricultural Cooperatives 12.79% of their portfolio | 2.6m $2.0bn | Unchanged |
| ENVESTNET ASSET MANAGEMENT INC 0.46% of their portfolio | 2.6m $1.9bn | Added +19.0k |
| Bank of New York Mellon Corp 0.32% of their portfolio | 2.6m $1.9bn | Reduced -71.7k |
| TD Asset Management Inc 1.60% of their portfolio | 2.5m $1.8bn | Reduced -375.3k |
| Trust Asset Management LLC 54.66% of their portfolio | 2.4m $1.3bn | Added +1.2m |
| Focus Partners Wealth 1.69% of their portfolio | 2.4m $1.6bn | Reduced -73.5k |
| Cerity Partners LLC 2.02% of their portfolio | 2.3m $1.7bn | Added +116.2k |
| BlackRock, Inc. 0.02% of their portfolio | 2.2m $1.6bn | Added +115.1k |
| Pathstone Holdings, LLC 4.68% of their portfolio | 2.2m $1.6bn | Reduced -23.9k |
| Sanders Capital, LLC 1.52% of their portfolio | 2.0m $1.5bn | Reduced -886.1k |
| Cetera Investment Advisers 1.27% of their portfolio | 1.9m $1.4bn | Added +57.2k |
| Blackstone Inc. 4.16% of their portfolio | 1.7m $1.3bn | Added +1.6m |
| Alphadyne Asset Management LP 57.27% of their portfolio | 1.7m $1.3bn | New |
| STATE STREET CORP 0.04% of their portfolio | 1.7m $1.2bn | Added +57.0k |
| STIFEL FINANCIAL CORP 0.98% of their portfolio | 1.6m $1.2bn | Reduced -43.3k |
| Bank Julius Baer & Co. Ltd, Zurich 2.99% of their portfolio | 1.6m $1.2bn | Added +164.7k |
| Optiver Holding B.V. 16.55% of their portfolio | 1.5m $1.2bn | Added +1.5m |
| OSAIC HOLDINGS, INC. 1.34% of their portfolio | 1.5m $1.1bn | Added +227.7k |
| COMMONWEALTH EQUITY SERVICES, LLC 1.39% of their portfolio | 1.5m $1.1bn | Reduced -134.2k |
| MEITAV INVESTMENT HOUSE LTD 7.37% of their portfolio | 1.5m $1.1bn | Reduced -103.9k |
| Mariner, LLC 1.13% of their portfolio | 1.4m $1.1bn | Reduced -72.4k |
| Corient Private Wealth LP 1.42% of their portfolio | 1.4m $1.0bn | Reduced -173.4k |
| Cambridge Investment Research Advisors, Inc. 1.16% of their portfolio | 1.4m $1.0bn | Added +724.4k |
| GTS SECURITIES LLC 21.48% of their portfolio | 1.4m $1.0bn | Added +1.2m |
| Qube Research & Technologies Ltd 1.10% of their portfolio | 1.3m $987.7m | New |
| CITIGROUP INC 0.45% of their portfolio | 1.3m $963.1m | Reduced -341.5k |
| Squarepoint Ops LLC 1.82% of their portfolio | 1.3m $935.5m | Added +1.0m |
| Power Alpha Investment Ltd 93.55% of their portfolio | 1.2m $929.5m | Reduced -13.2k |
| Norinchukin Bank, The 8.96% of their portfolio | 1.2m $920.8m | Unchanged |
| BW Gestao de Investimentos Ltda. 22.11% of their portfolio | 1.2m $916.8m | New |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.70% of their portfolio | 1.2m $897.7m | Reduced -12.2k |
| MAI Capital Management 3.40% of their portfolio | 1.2m $893.0m | Added +235.7k |
| Pure Financial Advisors, LLC 11.07% of their portfolio | 1.2m $869.8m | Added +36.4k |
| Jefferies Financial Group Inc. 7.94% of their portfolio | 1.2m $862.7m | Added +524.2k |
| Man Group plc 1.57% of their portfolio | 1.1m $856.2m | New |
| AQR CAPITAL MANAGEMENT LLC 0.30% of their portfolio | 1.1m $854.9m | Added +228.3k |
| CIBC WORLD MARKET INC. 1.39% of their portfolio | 1.1m $829.0m | Reduced -697.0k |
| Cohen Klingenstein LLC 23.62% of their portfolio | 1.1m $824.9m | Reduced -6.3k |
| BBR PARTNERS, LLC 37.60% of their portfolio | 1.1m $801.7m | Added +6.3k |
| Swan Global Investments, LLC 36.57% of their portfolio | 1.1m $801.2m | Added +77.5k |
| BROWN ADVISORY INC 1.24% of their portfolio | 1.1m $800.8m | Added +103.6k |
| PRUDENTIAL FINANCIAL INC 0.86% of their portfolio | 1.1m $785.1m | Added +267.5k |
| JONES FINANCIAL COMPANIES LLLP 0.30% of their portfolio | 1.0m $761.2m | Added +75.5k |
| NewEdge Advisors, LLC 2.23% of their portfolio | 1.0m $749.8m | Added +396.4k |
| Hirtle & Co., LLC 24.20% of their portfolio | 985.7k $736.1m | Reduced -11.6k |
| FRANKLIN RESOURCES INC 0.15% of their portfolio | 948.1k $708.0m | Reduced -37.5k |
| SG Americas Securities, LLC 0.40% of their portfolio | 929.5k $694.1m | Reduced -1.2m |
| Verition Fund Management LLC 4.85% of their portfolio | 922.6k $689.0m | Added +87.1k |
| Valeo Financial Advisors, LLC 14.39% of their portfolio | 912.7k $681.6m | Reduced -9.8k |
| Quantinno Capital Management LP 0.81% of their portfolio | 908.4k $678.4m | Added +123.0k |
| Itau Unibanco Holding S.A. 12.82% of their portfolio | 871.1k $650.5m | Added +284.8k |
| Wellspring Financial Advisors, LLC 1.90% of their portfolio | 866.5k $28.8m | Added +115.3k |
| FIFTH THIRD BANCORP 1.05% of their portfolio | 866.2k $646.9m | Reduced -54.2k |
| Balyasny Asset Management L.P. 1.18% of their portfolio | 861.7k $643.5m | Added +741.8k |
| MIRAE ASSET SECURITIES (USA) INC. 28.21% of their portfolio | 848.2k $633.4m | Added +341.4k |
| BLAIR WILLIAM & CO/IL 1.65% of their portfolio | 848.0k $633.3m | Added +2.7k |
| Freedom Together Foundation 73.00% of their portfolio | 847.4k $632.8m | Unchanged |
| MACQUARIE GROUP LTD 2.73% of their portfolio | 847.3k $632.7m | Reduced -492.8k |
| BANK OF NOVA SCOTIA 0.94% of their portfolio | 831.4k $620.9m | Added +141.2k |
| Circle Wealth Management, LLC 7.75% of their portfolio | 826.3k $617.1m | Reduced -3.9k |
| Pine Ridge Advisers LLC 37.75% of their portfolio | 819.7k $612.1m | Reduced -333 |
| Analyst IMS Investment Management Services Ltd. 14.12% of their portfolio | 813.4k $607.4m | Reduced -51.2k |
| EASTERLY INVESTMENT PARTNERS LLC 30.12% of their portfolio | 792.6k $591.9m | Added +90.0k |
| CAPTRUST FINANCIAL ADVISORS 0.90% of their portfolio | 783.9k $585.4m | Reduced -4.3k |