Vault-13

SPDR INDEX SHS FDS SPEM

PORTFOLIO EMG MK · ETP · CUSIP 78463X509

873 institutional holders +34 vs Q1 2025
216,158,108216.2m shares reported held*
$9.2bnreported value*
88 new 389 added 280 reduced 53 sold out net bought ≈ $801.1m (+18.7m 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 ($25.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $42.72. Options: 2 managers hold calls ($4.7m notional), 0 hold puts (—).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

05001kQ3 22: 568Q4 22: 614Q1 23: 620Q2 23: 633Q3 23: 630Q4 23: 725Q1 24: 718Q2 24: 734Q3 24: 769Q4 24: 833Q1 25: 839Q2 25: 873873Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022568
Q4 2022614
Q1 2023620
Q2 2023633
Q3 2023630
Q4 2023725
Q1 2024718
Q2 2024734
Q3 2024769
Q4 2024833
Q1 2025839
Q2 2025873

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
5000500Q3 23: 317 bought or addedQ3 23: 279 cut or sold outQ4 23: 367 bought or addedQ4 23: 275 cut or sold outQ4 23Q1 24: 331 bought or addedQ1 24: 346 cut or sold outQ2 24: 365 bought or addedQ2 24: 316 cut or sold outQ2 24Q3 24: 372 bought or addedQ3 24: 328 cut or sold outQ4 24: 385 bought or addedQ4 24: 338 cut or sold outQ4 24Q1 25: 400 bought or addedQ1 25: 363 cut or sold outQ2 25: 477 bought or addedQ2 25: 333 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023317279
Q4 2023367275
Q1 2024331346
Q2 2024365316
Q3 2024372328
Q4 2024385338
Q1 2025400363
Q2 2025477333

Calls vs puts

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

CallsPuts
$0$2m$4m$6m$8mQ3 24 calls: $2.6mQ3 24 puts: $0Q3 24P/C 0.00Q4 24 calls: $2.2mQ4 24 puts: $0Q4 24P/C 0.00Q1 25 calls: $6.0mQ1 25 puts: $2.4kQ1 25P/C 0.00Q2 25 calls: $4.7mQ2 25 puts: $0Q2 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2024$2.6m$00.00
Q4 2024$2.2m$00.00
Q1 2025$6.0m$2.4k0.00
Q2 2025$4.7m$00.00

Biggest buyers

CHARLES SCHWAB INVESTMENT MANAGEMENT INC Added +10,750,340+10.8m
3EDGE Asset Management, LP Added +2,405,474+2.4m
ROYAL BANK OF CANADA Added +1,163,638+1.2m
Betterment LLC Added +1,011,871+1.0m
Cassaday & Co Wealth Management LLC Added +996,366+996.4k
LPL Financial LLC Added +947,233+947.2k
Advocacy Wealth Management, LLC New +681,809+681.8k
OSAIC HOLDINGS, INC. Added +451,118+451.1k
OLD MISSION CAPITAL LLC New +435,365+435.4k
Rockefeller Capital Management L.P. Added +412,177+412.2k

Biggest sellers

TOWNSQUARE CAPITAL LLC Reduced -2,223,061-2.2m
STATE STREET CORP Reduced -1,605,569-1.6m
TIAA TRUST, NATIONAL ASSOCIATION Reduced -1,111,143-1.1m
Financial Engines Advisors L.L.C. Reduced -638,107-638.1k
ASSETMARK, INC Reduced -522,444-522.4k
Envestnet Portfolio Solutions, Inc. Reduced -482,492-482.5k
Thrivent Financial for Lutherans Reduced -470,554-470.6k
Stadion Money Management, LLC Reduced -385,992-386.0k
Geneos Wealth Management Inc. Reduced -239,125-239.1k
Banco Santander, S.A. Reduced -237,273-237.3k

Biggest calls

SIMPLEX TRADING, LLC Reduced $4.7m78.0k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

None

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.

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Creative Planning 0.84% of their portfolio OVERLAND PARK, KS 22,882,89222.9m $978.0m $978.0m 0.84% Added +208.9k +208,911
2 Financial Engines Advisors L.L.C. 1.53% of their portfolio SANTA CLARA, CA 17,957,51218.0m $767.5m $767.5m 1.53% Reduced -638.1k -638,107
3 LPL Financial LLC 0.17% of their portfolio FORT MILL, SC 11,653,68611.7m $498.1m $498.1m 0.17% Added +947.2k +947,233
4 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.08% of their portfolio SAN FRANCISCO, CA 10,916,06210.9m $466.6m $466.6m 0.08% Added +10.8m +10,750,340
5 Allworth Financial LP 1.37% of their portfolio FOLSOM, CA 6,689,0996.7m $285.9m $285.9m 1.37% Added +121.5k +121,550
6 ENVESTNET ASSET MANAGEMENT INC 0.08% of their portfolio Berwyn, PA 6,484,3766.5m $277.1m $277.1m 0.08% Added +122.5k +122,532
7 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 5,429,7785.4m $232.1m $232.1m 0.02% Added +320.2k +320,164
8 AMERIPRISE FINANCIAL INC 0.06% of their portfolio MINNEAPOLIS, MN 5,339,9525.3m $228.2m $228.2m 0.06% Added +279.1k +279,126
9 TIAA TRUST, NATIONAL ASSOCIATION 0.55% of their portfolio CHARLOTTE, NC 4,954,5735.0m $211.8m $211.8m 0.55% Reduced -1.1m -1,111,143
10 Horizon Investments, LLC 2.91% of their portfolio Charlotte, NC 4,295,7104.3m $183.6m $183.6m 2.91% Reduced -162.7k -162,736
11 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 3,716,8603.7m $158.9m $158.9m 0.01% Reduced -1.6m -1,605,569
12 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.11% of their portfolio MILWAUKEE, WI 3,380,2843.4m $144.5m $144.5m 0.11% Added +106.2k +106,226
13 3EDGE Asset Management, LP 8.46% of their portfolio Naples, FL 3,182,5243.2m $136.0m $136.0m 8.46% Added +2.4m +2,405,474
14 Cerity Partners LLC 0.20% of their portfolio NEW YORK, NY 2,670,9042.7m $114.2m $114.2m 0.20% Reduced -95.5k -95,494
15 Aptus Capital Advisors, LLC 1.06% of their portfolio FAIRHOPE, AL 2,505,8692.5m $107.1m $107.1m 1.06% Added +368.9k +368,913
16 Bank of New York Mellon Corp 0.02% of their portfolio NEW YORK, NY 2,477,2852.5m $105.9m $105.9m 0.02% Reduced -51.7k -51,679
17 RAYMOND JAMES FINANCIAL INC 0.03% of their portfolio ST. PETERSBURG, FL 2,264,4342.3m $96.8m $96.8m 0.03% Added +145.9k +145,935
18 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 2,205,6562.2m $94.3m $94.3m 0.01% Added +1.2m +1,163,638
19 CWM, LLC 0.33% of their portfolio OMAHA, NE 2,190,5122.2m $93.6m $93.6m 0.33% Added +234.6k +234,635
20 Focus Partners Wealth 0.20% of their portfolio ST LOUIS, MO 2,154,2392.2m $92.1m $92.1m 0.20% Added +27.3k +27,339
21 Envestnet Portfolio Solutions, Inc. 0.31% of their portfolio BERWYN, PA 1,985,1722.0m $84.8m $84.8m 0.31% Reduced -482.5k -482,492
22 Betterment LLC 0.17% of their portfolio NEW YORK, NY 1,824,3891.8m $78.0m $78.0m 0.17% Added +1.0m +1,011,871
23 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 1,807,8381.8m $77.3m $77.3m 0.02% Reduced -3.6k -3,579
24 Cetera Investment Advisers 0.12% of their portfolio SCHAUMBURG, IL 1,667,8571.7m $71.3m $71.3m 0.12% Reduced -68.5k -68,460
25 Mariner, LLC 0.10% of their portfolio Overland Park, KS 1,666,3351.7m $71.2m $71.2m 0.10% Added +108.9k +108,900
26 UBS Group AG 0.01% of their portfolio ZURICH, V8 1,561,6421.6m $66.7m $66.7m 0.01% Reduced -30.3k -30,253
27 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 1,491,8401.5m $63.8m $63.8m 0.01% Added +22.9k +22,853
28 HighTower Advisors, LLC 0.08% of their portfolio CHICAGO, IL 1,418,9211.4m $60.6m $60.6m 0.08% Added +144.7k +144,739
29 JANE STREET GROUP, LLC 0.10% of their portfolio NEW YORK, NY 1,408,0011.4m $60.2m $60.2m 0.10% Reduced -65.0k -64,992
30 ASSETMARK, INC 0.14% of their portfolio CONCORD, CA 1,382,5311.4m $59.1m $59.1m 0.14% Reduced -522.4k -522,444
31 Stadion Money Management, LLC 4.59% of their portfolio WATKINSVILLE, GA 1,309,1691.3m $56.0m $56.0m 4.59% Reduced -386.0k -385,992
32 OSAIC HOLDINGS, INC. 0.09% of their portfolio SCOTTSDALE, AZ 1,176,1221.2m $49.2m $49.2m 0.09% Added +451.1k +451,118
33 Cassaday & Co Wealth Management LLC 1.22% of their portfolio MCLEAN, VA 1,141,5751.1m $48.8m $48.8m 1.22% Added +996.4k +996,366
34 Advisory Alpha, LLC 1.52% of their portfolio HOLLAND, MI 1,138,9871.1m $48.7m $48.7m 1.52% Reduced -27.2k -27,239
35 Private Advisor Group, LLC 0.24% of their portfolio MORRISTOWN, NJ 1,054,1661.1m $45.1m $45.1m 0.24% Reduced -131.7k -131,681
36 JNBA Financial Advisors 4.10% of their portfolio BLOOMINGTON, MN 996,962997.0k $42.6m $42.6m 4.10% Reduced -13.5k -13,477
37 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 993,049993.0k $42.4m $42.4m 0.00% Added +243.6k +243,577
38 Equitable Holdings, Inc. 0.35% of their portfolio NEW YORK, NY 985,350985.4k $42.1m $42.1m 0.35% Added +131.2k +131,210
39 BlueStem Wealth Partners, LLC 5.17% of their portfolio MINNETONKA, MN 984,214984.2k $42.1m $42.1m 5.17% Added +348.0k +347,953
40 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.06% of their portfolio PLYMOUTH, MN 863,739863.7k $37.3m $37.3m 0.06% Reduced -15.9k -15,921
41 McNamara Financial Services, Inc. 7.27% of their portfolio MARSHFIELD, MA 858,301858.3k $36.7m $36.7m 7.27% Reduced -4.4k -4,373
42 Koss-Olinger Consulting, LLC 2.84% of their portfolio GAINESVILLE, FL 810,340810.3k $34.6m $34.6m 2.84% Reduced -67.9k -67,925
43 Pathstone Holdings, LLC 0.14% of their portfolio ENGLEWOOD, NJ 800,152800.2k $34.2m $34.2m 0.14% Reduced -1.5k -1,472
44 Rockefeller Capital Management L.P. 0.04% of their portfolio NEW YORK, NY 789,276789.3k $33.9m $33.9m 0.04% Added +412.2k +412,177
45 SEI INVESTMENTS CO 0.04% of their portfolio OAKS, PA 786,093786.1k $33.6m $33.6m 0.04% Added +107.1k +107,062
46 CUTLER INVESTMENT COUNSEL LLC 3.73% of their portfolio Jacksonville, OR 783,482783.5k $33.5m $33.5m 3.73% Added +8.5k +8,485
47 GeoWealth Management, LLC 1.26% of their portfolio CHICAGO, IL 757,286757.3k $32.4m $32.4m 1.26% Reduced -7.9k -7,935
48 Cambridge Investment Research Advisors, Inc. 0.10% of their portfolio FAIRFIELD, IA 733,297733.3k $31.3m $31.3m 0.10% Added +215.3k +215,285
49 SIGNATURE ESTATE & INVESTMENT ADVISORS LLC 0.68% of their portfolio LOS ANGELES, CA 688,270688.3k $29.4m $29.4m 0.68% Added +74.8k +74,802
50 Global Strategic Investment Solutions, LLC 3.14% of their portfolio Scottsdale, AZ 688,119688.1k $29.4m $29.4m 3.14% Reduced -7.7k -7,651
51 Advocacy Wealth Management, LLC 1.79% of their portfolio ATLANTA, GA 681,809681.8k $29.1m $29.1m 1.79% New
52 Elm Partners Management LLC 1.69% of their portfolio Philadelphia, PA 680,445680.4k $29.1m $29.1m 1.69% Added +390.0k +389,991
53 Kestra Investment Management, LLC 0.43% of their portfolio AUSTIN, TX 676,547676.5k $27.8m $27.8m 0.43% Added +34.5k +34,517
54 AXXCESS WEALTH MANAGEMENT, LLC 0.68% of their portfolio CARLSBAD, CA 661,833661.8k $28.3m $28.3m 0.68% Added +35.2k +35,183
55 MML INVESTORS SERVICES, LLC 0.08% of their portfolio SPRINGFIELD, MA 642,999643.0k $27.5m $27.5m 0.08% Added +47.8k +47,750
56 Pineridge Advisors LLC 9.92% of their portfolio ST. CHARLES, MO 640,614640.6k $27.4m $27.4m 9.92% Added +14.2k +14,161
57 GREAT LAKES ADVISORS, LLC 0.23% of their portfolio CHICAGO, IL 638,692638.7k $27.3m $27.3m 0.23% Added +192.7k +192,686
58 Impact Partnership Wealth, LLC 4.97% of their portfolio MARIETTA, GA 630,359630.4k $26.9m $26.9m 4.97% Added +148.5k +148,528
59 NewEdge Advisors, LLC 0.14% of their portfolio NEW ORLEANS, LA 619,879619.9k $26.5m $26.5m 0.14% Reduced -110.7k -110,679
60 ST GERMAIN D J CO INC 1.14% of their portfolio SPRINGFIELD, MA 616,373616.4k $26.3m $26.3m 1.14% Added +34.4k +34,383
61 PARK AVENUE SECURITIES LLC 0.24% of their portfolio NEW YORK, NY 614,170614.2k $26.2m $26.2m 0.24% Reduced -87.9k -87,858
62 Venturi Wealth Management, LLC 1.28% of their portfolio AUSTIN, TX 607,931607.9k $26.0m $26.0m 1.28% Added +108.8k +108,757
63 AlphaStar Capital Management, LLC 1.81% of their portfolio CORNELIUS, NC 601,225601.2k $25.7m $25.7m 1.81% Added +15.0k +14,982
64 Capital Asset Advisory Services LLC 1.20% of their portfolio Williamston, MI 597,221597.2k $25.6m $25.6m 1.20% Added +57.7k +57,734
65 Financial Strategies Group, Inc. 5.23% of their portfolio OKEMOS, MI 585,722585.7k $25.1m $25.1m 5.23% Added +19.1k +19,132
66 Beacon Pointe Advisors, LLC 0.26% of their portfolio NEWPORT BEACH, CA 585,057585.1k $25.0m $25.0m 0.26% Reduced -496 -496
67 KWB Wealth 2.78% of their portfolio REDLANDS, CA 581,753581.8k $22.9m $22.9m 2.78% Added +119.5k +119,475
68 CGN Advisors LLC 2.17% of their portfolio MANHATTAN, KS 569,181569.2k $24.3m $24.3m 2.17% Added +17.3k +17,291
69 Meeder Advisory Services, Inc. 1.21% of their portfolio DUBLIN, OH 548,067548.1k $23.4m $23.4m 1.21% Reduced -20.7k -20,675
70 Valmark Advisers, Inc. 0.30% of their portfolio AKRON, OH 511,500511.5k $21.9m $21.9m 0.30% Reduced -5.5k -5,471
71 Ballentine Partners, LLC 0.31% of their portfolio Waltham, MA 486,126486.1k $20.8m $20.8m 0.31% Reduced -4.6k -4,603
72 KFG WEALTH MANAGEMENT, LLC 3.18% of their portfolio GRANGER, IN 462,963463.0k $19.8m $19.8m 3.18% Added +36.6k +36,635
73 KNIGHTSBRIDGE ASSET MANAGEMENT, LLC 4.14% of their portfolio NEWPORT BEACH, CA 438,749438.7k $18.8m $18.8m 4.14% Added +12.9k +12,855
74 OLD MISSION CAPITAL LLC 0.50% of their portfolio CHICAGO, IL 435,365435.4k $18.6m $18.6m 0.50% New
75 CAPITAL WEALTH MANAGEMENT, LLC 6.94% of their portfolio W. WARWICK, RI 435,228435.2k $18.6m $18.6m 6.94% Added +11.2k +11,178
76 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 427,211427.2k $18.3m $18.3m 0.02% Added +59.1k +59,057
77 CAPITAL ADVISORS INC/OK 0.32% of their portfolio TULSA, OK 416,459416.5k $17.8m $17.8m 0.32% Added +404.9k +404,901
78 Chaney Capital Management, Inc. 6.98% of their portfolio LYNNWOOD, WA 416,111416.1k $17.8m $17.8m 6.98% Added +8.9k +8,875
79 Heritage Family Offices, LLP 8.07% of their portfolio SCOTTSDALE, AZ 404,596404.6k $16.0m $16.0m 8.07% Added +144 +144
80 Allen Capital Group, LLC 1.79% of their portfolio GRAND ISLAND, NE 402,573402.6k $17.2m $17.2m 1.79% Added +16.6k +16,629
81 WCG Wealth Advisors LLC 1.08% of their portfolio LAS VEGAS, NV 390,240390.2k $16.7m $16.7m 1.08% Added +5.0k +5,038
82 ATLAS CAPITAL ADVISORS INC. 2.00% of their portfolio JACKSON, WY 382,435382.4k $16.3m $16.3m 2.00% Added +10.8k +10,765
83 WOODMONT INVESTMENT COUNSEL LLC 1.05% of their portfolio NASHVILLE, TN 372,657372.7k $15.9m $15.9m 1.05% Added +12.0k +11,959
84 Facet Wealth, Inc. 0.35% of their portfolio WEST PALM BEACH, FL 359,964360.0k $15.5m $15.5m 0.35% Reduced -4.3k -4,293
85 Compton Financial Group, LLC 3.99% of their portfolio TOWSON, MD 359,245359.2k $15.4m $15.4m 3.99% Added +180.7k +180,674
86 Strategic Financial Concepts, LLC 2.16% of their portfolio SAN ANTONIO, TX 359,245359.2k $15.4m $15.4m 2.16% Added +340.1k +340,090
87 West Wealth Group, LLC 3.88% of their portfolio Irvine, CA 358,412358.4k $15.6m $15.6m 3.88% Added +134.5k +134,500
88 Luken Investment Analytics, LLC 6.70% of their portfolio BRENTWOOD, TN 357,903357.9k $15.3m $15.3m 6.70% Added +280.7k +280,735
89 WRAPMANAGER INC 3.63% of their portfolio MILL VALLEY, CA 348,712348.7k $14.9m $14.9m 3.63% Added +17.0k +16,956
90 Rodgers & Associates, LTD 1.63% of their portfolio Lancaster, PA 346,500346.5k $14.8m $14.8m 1.63% Reduced -172 -172
91 Austin Private Wealth, LLC 1.15% of their portfolio Austin, TX 338,822338.8k $14.5m $14.5m 1.15% Added +42.4k +42,422
92 PNC Financial Services Group, Inc. 0.01% of their portfolio Pittsburgh, PA 334,327334.3k $14.3m $14.3m 0.01% Added +68.1k +68,143
93 SigFig Wealth Management, LLC 0.46% of their portfolio SAN FRANCISCO, CA 323,023323.0k $13.8m $13.8m 0.46% Reduced -17.1k -17,059
94 ERn Financial, LLC 2.84% of their portfolio MIDDLETON, WI 315,237315.2k $13.5m $13.5m 2.84% Reduced -48.5k -48,538
95 LANDMARK WEALTH MANAGEMENT, INC. 5.73% of their portfolio NORMAL, IL 313,120313.1k $13.4m $13.4m 5.73% Reduced -45.8k -45,815
96 Tortoise Investment Management, LLC 1.28% of their portfolio WHITE PLAINS, NY 313,052313.1k $13.4m $13.4m 1.28% Added +943 +943
97 N.E.W. Advisory Services LLC 1.25% of their portfolio DE PERE, WI 302,356302.4k $12.9m $12.9m 1.25% Reduced -147.2k -147,229
98 Geneos Wealth Management Inc. 0.31% of their portfolio ENGLEWOOD, CO 298,513298.5k $12.8m $12.8m 0.31% Reduced -239.1k -239,125
99 Sterneck Capital Management, LLC 6.45% of their portfolio KANSAS CITY, MO 297,561297.6k $12.7m $12.7m 6.45% Added +3.7k +3,660
100 Summit Global Investments 0.74% of their portfolio BOUNTIFUL, UT 295,420295.4k $12.6m $12.6m 0.74% Added +53.6k +53,556