Vault-13

SPDR INDEX SHS FDS SPEM

PORTFOLIO EMG MK · ETP · CUSIP 78463X509

1,002 institutional holders +19 vs Q4 2025
249,662,810249.7m shares reported held*
$11.7bnreported value*
70 new 440 added 308 reduced 56 sold out net bought ≈ $367.2m (+7.8m 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 ($88.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $46.92. Options: 2 managers hold calls ($5.4m notional), 0 hold puts (—).

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 568Q4 22: 614Q1 23: 620Q2 23: 633Q3 23: 630Q4 23: 725Q1 24: 718Q2 24: 734Q3 24: 769Q4 24: 833Q1 25: 839Q2 25: 873Q3 25: 891Q4 25: 983Q1 26: 1,0021,002Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q3 2025891
Q4 2025983
Q1 20261,002

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ2 24: 365 bought or addedQ2 24: 316 cut or sold outQ3 24: 372 bought or addedQ3 24: 328 cut or sold outQ3 24Q4 24: 385 bought or addedQ4 24: 338 cut or sold outQ1 25: 400 bought or addedQ1 25: 363 cut or sold outQ1 25Q2 25: 477 bought or addedQ2 25: 333 cut or sold outQ3 25: 449 bought or addedQ3 25: 337 cut or sold outQ3 25Q4 25: 512 bought or addedQ4 25: 330 cut or sold outQ1 26: 510 bought or addedQ1 26: 364 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 2024365316
Q3 2024372328
Q4 2024385338
Q1 2025400363
Q2 2025477333
Q3 2025449337
Q4 2025512330
Q1 2026510364

Calls vs puts

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

CallsPuts
$0$2m$4m$6mQ2 25 calls: $4.7mQ2 25 puts: $0Q2 25P/C 0.00Q3 25 calls: $4.7mQ3 25 puts: $0Q3 25P/C 0.00Q4 25 calls: $3.3mQ4 25 puts: $0Q4 25P/C 0.00Q1 26 calls: $5.4mQ1 26 puts: $0Q1 26P/C 0.00
Numbers
QuarterCallsPutsP/C
Q2 2025$4.7m$00.00
Q3 2025$4.7m$00.00
Q4 2025$3.3m$00.00
Q1 2026$5.4m$00.00

Biggest buyers

GOLDMAN SACHS GROUP INC Added +6,312,685+6.3m
CHARLES SCHWAB INVESTMENT MANAGEMENT INC Added +2,433,472+2.4m
ENVESTNET ASSET MANAGEMENT INC Added +2,114,894+2.1m
MORGAN STANLEY Added +1,978,957+2.0m
LPL Financial LLC Added +1,109,591+1.1m
SUSQUEHANNA INTERNATIONAL GROUP, LLP New +1,021,039+1.0m
CWM, LLC Added +547,581+547.6k
MATAURO, LLC Added +541,394+541.4k
Independent Advisor Alliance Added +492,627+492.6k
UBS Group AG Added +489,346+489.3k

Biggest sellers

TIAA TRUST, NATIONAL ASSOCIATION Reduced -4,262,958-4.3m
3EDGE Asset Management, LP Sold out -3,253,661-3.3m
BANK OF AMERICA CORP /DE/ Reduced -1,408,763-1.4m
Corient Private Wealth LP Reduced -1,320,852-1.3m
AMERIPRISE FINANCIAL INC Reduced -1,009,462-1.0m
CITADEL ADVISORS LLC Sold out -804,351-804.4k
BlueStem Wealth Partners, LLC Reduced -344,673-344.7k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Reduced -301,307-301.3k
Envestnet Portfolio Solutions, Inc. Reduced -277,415-277.4k
Summit Global Investments Reduced -275,606-275.6k

Biggest calls

SIMPLEX TRADING, LLC Added $4.4m70.4k shares
Value Investment Professionals, LLC New $985.1k28.5k 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, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Creative Planning 0.69% of their portfolio OVERLAND PARK, KS 21,771,07921.8m $1.0bn $1.0bn 0.69% Reduced -269.4k -269,388
2 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.13% of their portfolio SAN FRANCISCO, CA 18,307,90118.3m $858.8m $858.8m 0.13% Added +2.4m +2,433,472
3 Financial Engines Advisors L.L.C. 1.60% of their portfolio SANTA CLARA, CA 16,822,18816.8m $789.1m $789.1m 1.60% Reduced -178.7k -178,651
4 LPL Financial LLC 0.21% of their portfolio FORT MILL, SC 16,696,64016.7m $783.2m $783.2m 0.21% Added +1.1m +1,109,591
5 Allworth Financial LP 1.78% of their portfolio FOLSOM, CA 9,331,7429.3m $437.8m $437.8m 1.78% Reduced -23.7k -23,719
6 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 8,976,8129.0m $421.1m $421.1m 0.03% Added +2.0m +1,978,957
7 ENVESTNET ASSET MANAGEMENT INC 0.09% of their portfolio Berwyn, PA 7,489,1257.5m $351.3m $351.3m 0.09% Added +2.1m +2,114,894
8 GOLDMAN SACHS GROUP INC 0.04% of their portfolio NEW YORK, NY 6,422,9216.4m $301.3m $301.3m 0.04% Added +6.3m +6,312,685
9 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 4,901,7724.9m $229.9m $229.9m 0.01% Added +481.9k +481,934
10 TIAA-CREF INDIVIDUAL & INSTITUTIONAL SERVICES, LLC 0.75% of their portfolio CHARLOTTE, NC 4,133,5294.1m $193.9m $193.9m 0.75% First filing
11 Horizon Investments, LLC 2.16% of their portfolio Charlotte, NC 4,103,2344.1m $192.5m $192.5m 2.16% Added +76.4k +76,372
12 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.10% of their portfolio MILWAUKEE, WI 3,459,4923.5m $162.3m $162.3m 0.10% Reduced -49.7k -49,723
13 Cerity Partners LLC 0.22% of their portfolio NEW YORK, NY 3,259,1723.3m $152.9m $152.9m 0.22% Added +485.2k +485,245
14 AMERIPRISE FINANCIAL INC 0.03% of their portfolio MINNEAPOLIS, MN 3,120,5693.1m $147.7m $147.7m 0.03% Reduced -1.0m -1,009,462
15 CWM, LLC 0.37% of their portfolio OMAHA, NE 2,985,8333.0m $140.1m $140.1m 0.37% Added +547.6k +547,581
16 HighTower Advisors, LLC 0.14% of their portfolio CHICAGO, IL 2,863,6862.9m $134.3m $134.3m 0.14% Added +237.5k +237,480
17 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 2,457,9272.5m $115.3m $115.3m 0.01% Reduced -1.4m -1,408,763
18 VANTAGEPOINT INVESTMENT ADVISERS LLC 0.94% of their portfolio WASHINGTON, DC 2,376,4412.4m $111.5m $111.5m 0.94% Reduced -248.5k -248,477
19 UBS Group AG 0.02% of their portfolio ZURICH, V8 2,360,6272.4m $110.7m $110.7m 0.02% Added +489.3k +489,346
20 Focus Partners Wealth 0.11% of their portfolio ST LOUIS, MO 2,216,4742.2m $99.7m $99.7m 0.11% Added +6.6k +6,594
21 Betterment LLC 0.19% of their portfolio NEW YORK, NY 2,148,7332.1m $100.8m $100.8m 0.19% Added +382.4k +382,376
22 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 2,108,1902.1m $98.9m $98.9m 0.02% Added +166.5k +166,504
23 RAYMOND JAMES FINANCIAL INC 0.03% of their portfolio ST. PETERSBURG, FL 1,970,8092.0m $92.5m $92.5m 0.03% Added +74.3k +74,334
24 Cetera Investment Advisers 0.10% of their portfolio SCHAUMBURG, IL 1,945,8531.9m $91.3m $91.3m 0.10% Reduced -21.7k -21,674
25 Mariner, LLC 0.10% of their portfolio Overland Park, KS 1,898,5961.9m $89.0m $89.0m 0.10% Added +87.2k +87,220
26 Envestnet Portfolio Solutions, Inc. 0.49% of their portfolio BERWYN, PA 1,885,5291.9m $88.5m $88.5m 0.49% Reduced -277.4k -277,415
27 ASSETMARK, INC 0.14% of their portfolio CONCORD, CA 1,458,4681.5m $68.4m $68.4m 0.14% Reduced -5.6k -5,637
28 OSAIC HOLDINGS, INC. 0.09% of their portfolio SCOTTSDALE, AZ 1,334,5771.3m $62.6m $62.6m 0.09% Added +108.1k +108,137
29 Advisory Alpha, LLC 1.71% of their portfolio HOLLAND, MI 1,330,3621.3m $62.4m $62.4m 1.71% Added +189.1k +189,123
30 Equitable Holdings, Inc. 0.39% of their portfolio NEW YORK, NY 1,309,7601.3m $61.3m $61.3m 0.39% Added +97.2k +97,170
31 Corient Private Wealth LP 0.09% of their portfolio MIAMI, FL 1,273,6621.3m $59.7m $59.7m 0.09% Reduced -1.3m -1,320,852
32 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,203,8371.2m $54.7m $54.7m 0.00% Reduced -259.4k -259,435
33 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 1,155,2911.2m $54.2m $54.2m 0.01% Added +87.0k +86,967
34 Cassaday & Co Wealth Management LLC 1.13% of their portfolio MCLEAN, VA 1,127,1681.1m $52.9m $52.9m 1.13% Reduced -10.1k -10,106
35 NorthRock Partners, LLC 0.85% of their portfolio MINNEAPOLIS, MN 1,124,6391.1m $52.8m $52.8m 0.85% Reduced -2.2k -2,184
36 Private Advisor Group, LLC 0.25% of their portfolio MORRISTOWN, NJ 1,119,8461.1m $52.5m $52.5m 0.25% Added +83.7k +83,733
37 Savvy Advisors, Inc. 1.31% of their portfolio NEW YORK, NY 1,043,9601.0m $49.0m $49.0m 1.31% Added +271.3k +271,271
38 Advocacy Wealth Management, LLC 2.14% of their portfolio ATLANTA, GA 1,033,6031.0m $48.5m $48.5m 2.14% Added +62.7k +62,738
39 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.06% of their portfolio BALA CYNWYD, PA 1,021,0391.0m $47.9m $47.9m 0.06% New
40 WCG Wealth Advisors LLC 1.34% of their portfolio LAS VEGAS, NV 1,018,9481.0m $47.8m $47.8m 1.34% Added +28.5k +28,455
41 Stadion Money Management, LLC 4.67% of their portfolio WATKINSVILLE, GA 990,406990.4k $46.5m $46.5m 4.67% Reduced -28.2k -28,218
42 Beacon Pointe Advisors, LLC 0.22% of their portfolio NEWPORT BEACH, CA 880,195880.2k $41.3m $41.3m 0.22% Added +352.6k +352,613
43 GREAT LAKES ADVISORS, LLC 0.34% of their portfolio CHICAGO, IL 872,116872.1k $40.9m $40.9m 0.34% Added +158.2k +158,198
44 McNamara Financial Services, Inc. 7.68% of their portfolio MARSHFIELD, MA 865,271865.3k $40.6m $40.6m 7.68% Reduced -4.5k -4,522
45 Pathstone Holdings, LLC 0.16% of their portfolio ENGLEWOOD, NJ 865,193865.2k $40.6m $40.6m 0.16% Added +16.0k +15,956
46 Elm Partners Management LLC 1.63% of their portfolio Philadelphia, PA 826,995827.0k $37.6m $37.6m 1.63% Reduced -49.4k -49,415
47 Cambridge Investment Research Advisors, Inc. 0.10% of their portfolio FAIRFIELD, IA 817,602817.6k $38.4m $38.4m 0.10% Added +4.7k +4,650
48 CUTLER INVESTMENT COUNSEL LLC 3.87% of their portfolio Jacksonville, OR 801,642801.6k $37.6m $37.6m 3.87% Reduced -15.0k -14,957
49 JNBA Financial Advisors 3.11% of their portfolio BLOOMINGTON, MN 794,939794.9k $37.3m $37.3m 3.11% Reduced -8.7k -8,684
50 Integrated Wealth Concepts LLC 0.30% of their portfolio WALTHAM, MA 790,812790.8k $37.1m $37.1m 0.30% Added +83.4k +83,446
51 SEI INVESTMENTS CO 0.03% of their portfolio OAKS, PA 788,565788.6k $37.0m $37.0m 0.03% Added +1.9k +1,891
52 Impact Partnership Wealth, LLC 4.55% of their portfolio MARIETTA, GA 785,788785.8k $36.9m $36.9m 4.55% Added +294.3k +294,347
53 SIGNATURE ESTATE & INVESTMENT ADVISORS LLC 0.74% of their portfolio LOS ANGELES, CA 774,130774.1k $36.3m $36.3m 0.74% Added +48.3k +48,283
54 Koss-Olinger Consulting, LLC 2.95% of their portfolio GAINESVILLE, FL 749,742749.7k $35.2m $35.2m 2.95% Reduced -51.4k -51,370
55 GeoWealth Management, LLC 1.25% of their portfolio CHICAGO, IL 741,710741.7k $34.8m $34.8m 1.25% Added +11.2k +11,235
56 AXXCESS WEALTH MANAGEMENT, LLC 1.10% of their portfolio CARLSBAD, CA 728,883728.9k $34.2m $34.2m 1.10% Added +39.4k +39,438
57 PARK AVENUE SECURITIES LLC 0.26% of their portfolio NEW YORK, NY 708,008708.0k $33.2m $33.2m 0.26% Added +27.6k +27,600
58 Venturi Wealth Management, LLC 1.46% of their portfolio AUSTIN, TX 690,861690.9k $32.4m $32.4m 1.46% Added +43.7k +43,742
59 Global Strategic Investment Solutions, LLC 3.19% of their portfolio Scottsdale, AZ 690,687690.7k $32.4m $32.4m 3.19% Reduced -5.4k -5,387
60 MML INVESTORS SERVICES, LLC 0.09% of their portfolio SPRINGFIELD, MA 675,885675.9k $31.7m $31.7m 0.09% Reduced -46.3k -46,255
61 NewEdge Advisors, LLC 0.11% of their portfolio NEW ORLEANS, LA 675,090675.1k $31.7m $31.7m 0.11% Added +17.1k +17,081
62 ST GERMAIN D J CO INC 1.24% of their portfolio SPRINGFIELD, MA 666,657666.7k $31.3m $31.3m 1.24% Added +11.5k +11,531
63 Capital Asset Advisory Services LLC 1.31% of their portfolio Williamston, MI 666,463666.5k $34.1m $34.1m 1.31% Added +46.1k +46,113
64 AlphaStar Capital Management, LLC 2.29% of their portfolio CORNELIUS, NC 663,173663.2k $31.1m $31.1m 2.29% Reduced -55.5k -55,460
65 BlueStem Wealth Partners, LLC 3.34% of their portfolio MINNETONKA, MN 640,166640.2k $30.0m $30.0m 3.34% Reduced -344.7k -344,673
66 Financial Strategies Group, Inc. 5.40% of their portfolio OKEMOS, MI 632,460632.5k $32.2m $32.2m 5.40% Added +31.3k +31,297
67 MATAURO, LLC 4.05% of their portfolio NEW YORK, NY 597,277597.3k $28.0m $28.0m 4.05% Added +541.4k +541,394
68 Independent Advisor Alliance 0.30% of their portfolio CHARLOTTE, NC 587,379587.4k $27.6m $27.6m 0.30% Added +492.6k +492,627
69 CGN Advisors LLC 2.17% of their portfolio MANHATTAN, KS 585,941585.9k $27.5m $27.5m 2.17% Reduced -5.2k -5,223
70 Thrivent Financial for Lutherans 0.05% of their portfolio Minneapolis, MN 583,560583.6k $27.4m $27.4m 0.05% Reduced -80.0k -79,956
71 VICUS CAPITAL 1.97% of their portfolio STATE COLLEGE, PA 571,782571.8k $26.8m $26.8m 1.97% Added +140.6k +140,571
72 Tradewinds Capital Management, LLC 5.20% of their portfolio BELLINGHAM, WA 558,565558.6k $26.2m $26.2m 5.20% Reduced -136.4k -136,424
73 Cercano Management LLC 1.11% of their portfolio BELLEVUE, WA 548,897548.9k $25.7m $25.7m 1.11% Reduced -93.2k -93,203
74 COMMONWEALTH EQUITY SERVICES, LLC 0.03% of their portfolio WALTHAM, MA 528,743528.7k $24.8m $24.8m 0.03% Reduced -4.5k -4,525
75 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.05% of their portfolio PLYMOUTH, MN 491,528491.5k $23.0m $23.0m 0.05% Reduced -301.3k -301,307
76 Ballentine Partners, LLC 0.32% of their portfolio Waltham, MA 487,287487.3k $22.9m $22.9m 0.32% Added +46 +46
77 Meeder Advisory Services, Inc. 0.96% of their portfolio DUBLIN, OH 486,722486.7k $22.8m $22.8m 0.96% Reduced -20.2k -20,168
78 PNC Financial Services Group, Inc. 0.01% of their portfolio Pittsburgh, PA 479,948479.9k $22.5m $22.5m 0.01% Added +37.4k +37,408
79 KWB Wealth 2.21% of their portfolio REDLANDS, CA 476,256476.3k $22.3m $22.3m 2.21% Reduced -34.9k -34,925
80 WOODMONT INVESTMENT COUNSEL LLC 1.27% of their portfolio NASHVILLE, TN 440,795440.8k $20.7m $20.7m 1.27% Added +12.0k +12,000
81 KNIGHTSBRIDGE ASSET MANAGEMENT, LLC 2.78% of their portfolio NEWPORT BEACH, CA 440,147440.1k $20.6m $20.6m 2.78% Added +5.9k +5,933
82 MA Private Wealth 3.47% of their portfolio SAN CARLOS, CA 437,500437.5k $20.5m $20.5m 3.47% Reduced -115.0k -114,984
83 CAPITAL WEALTH MANAGEMENT, LLC 5.47% of their portfolio W. WARWICK, RI 430,690430.7k $20.2m $20.2m 5.47% Added +16.4k +16,393
84 Chaney Capital Management, Inc. 7.11% of their portfolio LYNNWOOD, WA 430,119430.1k $20.2m $20.2m 7.11% Added +3.4k +3,385
85 Rockefeller Capital Management L.P. 0.03% of their portfolio NEW YORK, NY 420,244420.2k $19.7m $19.7m 0.03% Reduced -1.7k -1,736
86 Allen Capital Group, LLC 1.76% of their portfolio GRAND ISLAND, NE 415,708415.7k $19.5m $19.5m 1.76% Added +5.0k +4,973
87 Brio Consultants, LLC 2.58% of their portfolio SAN FRANCISCO, CA 409,393409.4k $21.1m $21.1m 2.58% Added +145.9k +145,938
88 West Wealth Group, LLC 3.79% of their portfolio Irvine, CA 408,658408.7k $19.2m $19.2m 3.79% Reduced -118.7k -118,679
89 LPWM LLC 4.50% of their portfolio MINNEAPOLIS, MN 380,104380.1k $17.8m $17.8m 4.50% New
90 FLAGSHIP HARBOR ADVISORS, LLC 0.78% of their portfolio BOSTON, MA 378,755378.8k $17.8m $17.8m 0.78% Added +75.5k +75,544
91 LANDMARK WEALTH MANAGEMENT, INC. 6.68% of their portfolio NORMAL, IL 377,461377.5k $17.7m $17.7m 6.68% Added +11.7k +11,732
92 Facet Wealth, Inc. 0.30% of their portfolio WEST PALM BEACH, FL 372,711372.7k $17.5m $17.5m 0.30% Added +39.7k +39,651
93 N.E.W. Advisory Services LLC 1.29% of their portfolio DE PERE, WI 367,377367.4k $17.2m $17.2m 1.29% Added +2.4k +2,438
94 Valmark Advisers, Inc. 0.20% of their portfolio AKRON, OH 365,144365.1k $17.1m $17.1m 0.20% Reduced -148.9k -148,879
95 Luken Investment Analytics, LLC 6.53% of their portfolio BRENTWOOD, TN 363,404363.4k $17.0m $17.0m 6.53% Added +969 +969
96 Rodgers & Associates, LTD 1.73% of their portfolio Lancaster, PA 362,626362.6k $17.0m $17.0m 1.73% Added +953 +953
97 ATLAS CAPITAL ADVISORS INC. 1.92% of their portfolio JACKSON, WY 357,358357.4k $16.8m $16.8m 1.92% Reduced -24.1k -24,050
98 ISTHMUS PARTNERS, LLC 1.71% of their portfolio MADISON, WI 347,279347.3k $16.3m $16.3m 1.71% New
99 Capital Analysts, LLC 0.43% of their portfolio FORT WASHINGTON, PA 346,383346.4k $16.3m $16.3m 0.43% Added +11.8k +11,753
100 BlackRock, Inc. 0.00% of their portfolio New York, NY 343,208343.2k $16.1m $16.1m 0.00% Added +143.5k +143,452