Vault-13

SPDR INDEX SHS FDS SPEM

PORTFOLIO EMG MK · ETP · CUSIP 78463X509

1,030 institutional holders +28 vs Q1 2026
237,922,695237.9m shares reported held*
$12.3bnreported value*
78 new 453 added 345 reduced 45 sold out net sold ≈ $434.5m (-8.4m 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 ($100.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $51.73. Options: 1 managers hold calls ($3.4m notional), 1 hold puts ($460.8k).

Trends to Q2 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: 1,002Q2 26: 1,0301,030Q3 22Q3 23Q3 24Q3 25Q2 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
Q2 20261,030

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ3 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 25Q3 25: 449 bought or addedQ3 25: 337 cut or sold outQ4 25: 512 bought or addedQ4 25: 330 cut or sold outQ4 25Q1 26: 510 bought or addedQ1 26: 364 cut or sold outQ2 26: 531 bought or addedQ2 26: 390 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 2024372328
Q4 2024385338
Q1 2025400363
Q2 2025477333
Q3 2025449337
Q4 2025512330
Q1 2026510364
Q2 2026531390

Calls vs puts

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

CallsPuts
$0$2m$4m$6mQ3 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 0.00Q2 26 calls: $3.4mQ2 26 puts: $460.8kQ2 26P/C 0.14
Numbers
QuarterCallsPutsP/C
Q3 2025$4.7m$00.00
Q4 2025$3.3m$00.00
Q1 2026$5.4m$00.00
Q2 2026$3.4m$460.8k0.14

Biggest buyers

GOLDMAN SACHS GROUP INC Added +4,719,255+4.7m
LPL Financial LLC Added +1,186,999+1.2m
HighTower Advisors, LLC Added +677,158+677.2k
Integrated Wealth Concepts LLC Added +616,143+616.1k
CHARLES SCHWAB INVESTMENT MANAGEMENT INC Added +520,987+521.0k
MORGAN STANLEY Added +448,251+448.3k
KNIGHTSBRIDGE ASSET MANAGEMENT, LLC Added +438,297+438.3k
Cambridge Investment Research Advisors, Inc. Added +402,318+402.3k
AMERIPRISE FINANCIAL INC Added +364,273+364.3k
STATE STREET CORP Added +329,626+329.6k

Biggest sellers

Financial Engines Advisors L.L.C. Reduced -12,929,734-12.9m
Allworth Financial LP Reduced -2,109,997-2.1m
Advocacy Wealth Management, LLC Reduced -1,025,921-1.0m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -845,046-845.0k
Horizon Investments, LLC Reduced -754,500-754.5k
Koss-Olinger Consulting, LLC Reduced -741,742-741.7k
Mariner, LLC Reduced -640,509-640.5k
Cercano Management LLC Sold out -548,897-548.9k
Independent Advisor Alliance Reduced -486,977-487.0k
ENVESTNET ASSET MANAGEMENT INC Reduced -400,132-400.1k

Biggest calls

SIMPLEX TRADING, LLC Reduced $3.4m49.3k shares

Biggest puts

CITADEL ADVISORS LLC New $460.8k8.9k 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.

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Creative Planning 0.65% of their portfolio OVERLAND PARK, KS 21,397,10121.4m $1.1bn $1.1bn 0.65% Reduced -374.0k -373,978
2 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.13% of their portfolio SAN FRANCISCO, CA 18,828,88818.8m $975.0m $975.0m 0.13% Added +521.0k +520,987
3 LPL Financial LLC 0.21% of their portfolio FORT MILL, SC 17,883,63917.9m $926.0m $926.0m 0.21% Added +1.2m +1,186,999
4 GOLDMAN SACHS GROUP INC 0.06% of their portfolio NEW YORK, NY 11,142,17611.1m $576.9m $576.9m 0.06% Added +4.7m +4,719,255
5 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 9,425,0639.4m $488.0m $488.0m 0.03% Added +448.3k +448,251
6 Allworth Financial LP 1.59% of their portfolio FOLSOM, CA 7,221,7457.2m $373.9m $373.9m 1.59% Reduced -2.1m -2,109,997
7 ENVESTNET ASSET MANAGEMENT INC 0.09% of their portfolio Berwyn, PA 7,088,9937.1m $367.1m $367.1m 0.09% Reduced -400.1k -400,132
8 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 5,231,3985.2m $270.9m $270.9m 0.01% Added +329.6k +329,626
9 TIAA-CREF INDIVIDUAL & INSTITUTIONAL SERVICES, LLC 0.74% of their portfolio CHARLOTTE, NC 4,126,0104.1m $213.6m $213.6m 0.74% Reduced -7.5k -7,519
10 Financial Engines Advisors L.L.C. 0.36% of their portfolio SANTA CLARA, CA 3,892,4543.9m $201.6m $201.6m 0.36% Reduced -12.9m -12,929,734
11 HighTower Advisors, LLC 0.18% of their portfolio CHICAGO, IL 3,540,8443.5m $183.3m $183.3m 0.18% Added +677.2k +677,158
12 AMERIPRISE FINANCIAL INC 0.04% of their portfolio MINNEAPOLIS, MN 3,484,8423.5m $180.6m $180.6m 0.04% Added +364.3k +364,273
13 Cerity Partners LLC 0.21% of their portfolio NEW YORK, NY 3,376,3073.4m $174.8m $174.8m 0.21% Added +117.1k +117,135
14 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.09% of their portfolio MILWAUKEE, WI 3,360,7813.4m $174.0m $174.0m 0.09% Reduced -98.7k -98,711
15 Horizon Investments, LLC 1.90% of their portfolio Charlotte, NC 3,348,7343.3m $173.4m $173.4m 1.90% Reduced -754.5k -754,500
16 VANTAGEPOINT INVESTMENT ADVISERS LLC 0.94% of their portfolio WASHINGTON, DC 2,423,4952.4m $125.5m $125.5m 0.94% Added +47.1k +47,054
17 UBS Group AG 0.02% of their portfolio ZURICH, V8 2,398,7452.4m $124.2m $124.2m 0.02% Added +38.1k +38,118
18 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 2,333,4632.3m $120.8m $120.8m 0.01% Reduced -124.5k -124,464
19 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 2,235,4192.2m $115.8m $115.8m 0.02% Added +127.2k +127,229
20 Focus Partners Wealth 0.11% of their portfolio ST LOUIS, MO 2,148,4412.1m $111.2m $111.2m 0.11% Reduced -68.0k -68,033
21 Envestnet Portfolio Solutions, Inc. 0.53% of their portfolio BERWYN, PA 2,123,0552.1m $109.9m $109.9m 0.53% Added +237.5k +237,526
22 Betterment LLC 0.18% of their portfolio NEW YORK, NY 2,099,8402.1m $108.7m $108.7m 0.18% Reduced -48.9k -48,893
23 Cetera Investment Advisers 0.09% of their portfolio SCHAUMBURG, IL 1,938,6781.9m $100.4m $100.4m 0.09% Reduced -7.2k -7,175
24 RAYMOND JAMES FINANCIAL INC 0.03% of their portfolio ST. PETERSBURG, FL 1,839,6741.8m $95.3m $95.3m 0.03% Reduced -131.1k -131,135
25 OSAIC HOLDINGS, INC. 0.10% of their portfolio SCOTTSDALE, AZ 1,590,8991.6m $82.4m $82.4m 0.10% Added +256.3k +256,322
26 ASSETMARK, INC 0.13% of their portfolio CONCORD, CA 1,506,0981.5m $78.0m $78.0m 0.13% Added +47.6k +47,630
27 Integrated Wealth Concepts LLC 0.36% of their portfolio WALTHAM, MA 1,406,9551.4m $72.9m $72.9m 0.36% Added +616.1k +616,143
28 Private Advisor Group, LLC 0.33% of their portfolio MORRISTOWN, NJ 1,382,1531.4m $71.6m $71.6m 0.33% Added +262.3k +262,307
29 Advisory Alpha, LLC 1.70% of their portfolio HOLLAND, MI 1,335,0261.3m $69.1m $69.1m 1.70% Added +4.7k +4,664
30 Equitable Holdings, Inc. 0.40% of their portfolio NEW YORK, NY 1,302,0401.3m $67.4m $67.4m 0.40% Reduced -7.7k -7,720
31 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 1,265,7411.3m $65.5m $65.5m 0.01% Added +110.5k +110,450
32 Mariner, LLC 0.07% of their portfolio Overland Park, KS 1,258,0871.3m $65.1m $65.1m 0.07% Reduced -640.5k -640,509
33 Cambridge Investment Research Advisors, Inc. 0.07% of their portfolio FAIRFIELD, IA 1,219,9201.2m $63.2m $63.2m 0.07% Added +402.3k +402,318
34 Corient Private Wealth LP 0.08% of their portfolio MIAMI, FL 1,166,5211.2m $60.4m $60.4m 0.08% Reduced -107.1k -107,141
35 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,112,3131.1m $57.1m $57.1m 0.00% Reduced -91.5k -91,524
36 Cassaday & Co Wealth Management LLC 1.08% of their portfolio MCLEAN, VA 1,110,7301.1m $57.5m $57.5m 1.08% Reduced -16.4k -16,438
37 NorthRock Partners, LLC 0.82% of their portfolio MINNEAPOLIS, MN 1,092,6331.1m $56.6m $56.6m 0.82% Reduced -32.0k -32,006
38 WCG Wealth Advisors LLC 1.27% of their portfolio LAS VEGAS, NV 1,032,3711.0m $53.5m $53.5m 1.27% Added +13.4k +13,423
39 MML INVESTORS SERVICES, LLC 0.11% of their portfolio SPRINGFIELD, MA 1,002,0681.0m $51.9m $51.9m 0.11% Added +326.2k +326,183
40 Elm Partners Management LLC 1.81% of their portfolio Philadelphia, PA 973,914973.9k $50.4m $50.4m 1.81% Added +146.9k +146,919
41 Stadion Money Management, LLC 4.20% of their portfolio WATKINSVILLE, GA 940,036940.0k $48.7m $48.7m 4.20% Reduced -50.4k -50,370
42 BlueStem Wealth Partners, LLC 4.57% of their portfolio MINNETONKA, MN 885,440885.4k $45.8m $45.8m 4.57% Added +245.3k +245,274
43 NewEdge Advisors, LLC 0.14% of their portfolio NEW ORLEANS, LA 879,360879.4k $45.5m $45.5m 0.14% Added +204.3k +204,270
44 GREAT LAKES ADVISORS, LLC 0.35% of their portfolio CHICAGO, IL 878,713878.7k $45.5m $45.5m 0.35% Added +6.6k +6,597
45 KNIGHTSBRIDGE ASSET MANAGEMENT, LLC 2.94% of their portfolio NEWPORT BEACH, CA 878,444878.4k $43.3m $43.3m 2.94% Added +438.3k +438,297
46 Savvy Advisors, Inc. 0.97% of their portfolio NEW YORK, NY 874,783874.8k $45.3m $45.3m 0.97% Reduced -169.2k -169,177
47 McNamara Financial Services, Inc. 7.73% of their portfolio MARSHFIELD, MA 865,525865.5k $44.8m $44.8m 7.73% Added +254 +254
48 Pathstone Holdings, LLC 0.13% of their portfolio ENGLEWOOD, NJ 858,390858.4k $44.4m $44.4m 0.13% Reduced -6.8k -6,803
49 Beacon Pointe Advisors, LLC 0.20% of their portfolio NEWPORT BEACH, CA 839,386839.4k $43.5m $43.5m 0.20% Reduced -40.8k -40,809
50 CUTLER INVESTMENT COUNSEL LLC 3.94% of their portfolio Jacksonville, OR 808,417808.4k $41.9m $41.9m 3.94% Added +6.8k +6,775
51 JNBA Financial Advisors 3.12% of their portfolio BLOOMINGTON, MN 796,899796.9k $41.3m $41.3m 3.12% Added +2.0k +1,960
52 SIGNATURE ESTATE & INVESTMENT ADVISORS LLC 0.73% of their portfolio LOS ANGELES, CA 788,100788.1k $40.8m $40.8m 0.73% Added +14.0k +13,970
53 GeoWealth Management, LLC 1.27% of their portfolio CHICAGO, IL 780,430780.4k $40.4m $40.4m 1.27% Added +38.7k +38,720
54 AXXCESS WEALTH MANAGEMENT, LLC 0.63% of their portfolio CARLSBAD, CA 764,963765.0k $39.6m $39.6m 0.63% Added +36.1k +36,080
55 SEI INVESTMENTS CO 0.03% of their portfolio OAKS, PA 739,179739.2k $38.3m $38.3m 0.03% Reduced -49.4k -49,386
56 PARK AVENUE SECURITIES LLC 0.23% of their portfolio NEW YORK, NY 725,002725.0k $37.5m $37.5m 0.23% Added +17.0k +16,994
57 Capital Asset Advisory Services LLC 1.33% of their portfolio Williamston, MI 711,629711.6k $36.8m $36.8m 1.33% Added +45.2k +45,166
58 AlphaStar Capital Management, LLC 2.31% of their portfolio CORNELIUS, NC 701,995702.0k $36.3m $36.3m 2.31% Added +38.8k +38,822
59 Venturi Wealth Management, LLC 1.40% of their portfolio AUSTIN, TX 700,737700.7k $36.3m $36.3m 1.40% Added +9.9k +9,876
60 Global Strategic Investment Solutions, LLC 3.21% of their portfolio Scottsdale, AZ 693,186693.2k $35.9m $35.9m 3.21% Added +2.5k +2,499
61 ST GERMAIN D J CO INC 1.25% of their portfolio SPRINGFIELD, MA 669,620669.6k $34.7m $34.7m 1.25% Added +3.0k +2,963
62 MATAURO, LLC 4.44% of their portfolio NEW YORK, NY 647,952648.0k $33.6m $33.6m 4.44% Added +50.7k +50,675
63 COMMONWEALTH EQUITY SERVICES, LLC 0.04% of their portfolio WALTHAM, MA 619,011619.0k $32.1m $32.1m 0.04% Added +90.3k +90,268
64 VICUS CAPITAL 2.01% of their portfolio STATE COLLEGE, PA 600,514600.5k $31.1m $31.1m 2.01% Added +28.7k +28,732
65 CGN Advisors LLC 2.17% of their portfolio MANHATTAN, KS 572,818572.8k $29.7m $29.7m 2.17% Reduced -13.1k -13,123
66 Thrivent Financial for Lutherans 0.05% of their portfolio Minneapolis, MN 564,667564.7k $29.2m $29.2m 0.05% Reduced -18.9k -18,893
67 Impact Partnership Wealth, LLC 2.70% of their portfolio MARIETTA, GA 535,689535.7k $27.7m $27.7m 2.70% Reduced -250.1k -250,099
68 Savant Capital, LLC 0.08% of their portfolio ROCKFORD, IL 515,162515.2k $25.7m $25.7m 0.08% Added +300.8k +300,823
69 PNC Financial Services Group, Inc. 0.01% of their portfolio Pittsburgh, PA 486,714486.7k $25.2m $25.2m 0.01% Added +6.8k +6,766
70 Ballentine Partners, LLC 0.31% of their portfolio Waltham, MA 485,211485.2k $25.1m $25.1m 0.31% Reduced -2.1k -2,076
71 KWB Wealth 2.11% of their portfolio REDLANDS, CA 476,296476.3k $24.7m $24.7m 2.11% Added +40 +40
72 Meeder Advisory Services, Inc. 0.87% of their portfolio DUBLIN, OH 459,082459.1k $23.8m $23.8m 0.87% Reduced -27.6k -27,640
73 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.04% of their portfolio PLYMOUTH, MN 455,253455.3k $23.3m $23.3m 0.04% Reduced -36.3k -36,275
74 WOODMONT INVESTMENT COUNSEL LLC 1.28% of their portfolio NASHVILLE, TN 452,274452.3k $23.4m $23.4m 1.28% Added +11.5k +11,479
75 BlackRock, Inc. 0.00% of their portfolio New York, NY 438,923438.9k $22.7m $22.7m 0.00% Added +95.7k +95,715
76 CAPITAL WEALTH MANAGEMENT, LLC 5.42% of their portfolio W. WARWICK, RI 435,418435.4k $22.5m $22.5m 5.42% Added +4.7k +4,728
77 Allen Capital Group, LLC 1.83% of their portfolio GRAND ISLAND, NE 431,898431.9k $22.4m $22.4m 1.83% Added +16.2k +16,190
78 Chaney Capital Management, Inc. 6.99% of their portfolio LYNNWOOD, WA 429,538429.5k $22.2m $22.2m 6.99% Reduced -581 -581
79 Brio Consultants, LLC 2.57% of their portfolio SAN FRANCISCO, CA 424,043424.0k $22.0m $22.0m 2.57% Added +14.7k +14,650
80 Rockefeller Capital Management L.P. 0.03% of their portfolio NEW YORK, NY 419,491419.5k $21.7m $21.7m 0.03% Reduced -753 -753
81 LANDMARK WEALTH MANAGEMENT, INC. 7.15% of their portfolio NORMAL, IL 417,135417.1k $21.6m $21.6m 7.15% Added +39.7k +39,674
82 MA Private Wealth 3.15% of their portfolio SAN CARLOS, CA 408,868408.9k $21.2m $21.2m 3.15% Reduced -28.6k -28,632
83 Tradewinds Capital Management, LLC 3.67% of their portfolio BELLINGHAM, WA 398,992399.0k $20.7m $20.7m 3.67% Reduced -159.6k -159,573
84 Rodgers & Associates, LTD 1.82% of their portfolio Lancaster, PA 387,231387.2k $20.1m $20.1m 1.82% Added +24.6k +24,605
85 CAPITAL ADVISORS INC/OK 0.29% of their portfolio TULSA, OK 386,241386.2k $20.0m $20.0m 0.29% Added +185.8k +185,765
86 LPWM LLC 4.42% of their portfolio MINNEAPOLIS, MN 384,456384.5k $19.9m $19.9m 4.42% Added +4.4k +4,352
87 FLAGSHIP HARBOR ADVISORS, LLC 0.75% of their portfolio BOSTON, MA 378,284378.3k $19.6m $19.6m 0.75% Reduced -471 -471
88 Merit Financial Group, LLC 0.12% of their portfolio ALPHARETTA, GA 370,844370.8k $19.2m $19.2m 0.12% Added +44.7k +44,652
89 Valmark Advisers, Inc. 0.20% of their portfolio AKRON, OH 370,421370.4k $19.2m $19.2m 0.20% Added +5.3k +5,277
90 ATLAS CAPITAL ADVISORS INC. 2.07% of their portfolio JACKSON, WY 365,871365.9k $18.9m $18.9m 2.07% Added +8.5k +8,513
91 Luken Investment Analytics, LLC 6.59% of their portfolio BRENTWOOD, TN 364,088364.1k $18.9m $18.9m 6.59% Added +684 +684
92 Global Retirement Partners, LLC 0.29% of their portfolio San Rafael, CA 362,989363.0k $18.8m $18.8m 0.29% First filing
93 N.E.W. Advisory Services LLC 1.24% of their portfolio DE PERE, WI 358,906358.9k $18.6m $18.6m 1.24% Reduced -8.5k -8,471
94 Facet Wealth, Inc. 0.27% of their portfolio WEST PALM BEACH, FL 358,467358.5k $18.6m $18.6m 0.27% Reduced -14.2k -14,244
95 Capital Analysts, LLC 0.42% of their portfolio FORT WASHINGTON, PA 355,182355.2k $18.4m $18.4m 0.42% Added +8.8k +8,799
96 Fort Point Capital Partners LLC 1.92% of their portfolio San Francisco, CA 346,612346.6k $17.9m $17.9m 1.92% Added +18.5k +18,528
97 ISTHMUS PARTNERS, LLC 1.71% of their portfolio MADISON, WI 340,969341.0k $17.7m $17.7m 1.71% Reduced -6.3k -6,310
98 JDM Financial Group LLC 4.37% of their portfolio AUSTIN, TX 337,825337.8k $12.8m $12.8m 4.37% Added +27.6k +27,594
99 Tortoise Investment Management, LLC 1.30% of their portfolio WHITE PLAINS, NY 336,148336.1k $17.4m $17.4m 1.30% Reduced -695 -695
100 TIAA TRUST, NATIONAL ASSOCIATION 1.01% of their portfolio CHARLOTTE, NC 329,001329.0k $17.0m $17.0m 1.01% Reduced -6.4k -6,400