Vault-13

SPDR INDEX SHS FDS GWX

S&P INTL SMLCP · ETP · CUSIP 78463X871

231 institutional holders +9 vs Q2 2025
12,994,29113.0m shares reported held*
$521.1mreported value*
23 new 69 added 87 reduced 8 sold out net bought ≈ $10.7m (+273.4k 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 ($1.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $40.10. Options: 0 managers hold calls (— notional), 1 hold puts ($44.2k).

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 206Q4 22: 221Q1 23: 220Q2 23: 212Q3 23: 207Q4 23: 220Q1 24: 213Q2 24: 212Q3 24: 219Q4 24: 213Q1 25: 209Q2 25: 222Q3 25: 231231Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 2022206
Q4 2022221
Q1 2023220
Q2 2023212
Q3 2023207
Q4 2023220
Q1 2024213
Q2 2024212
Q3 2024219
Q4 2024213
Q1 2025209
Q2 2025222
Q3 2025231

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q4 23: 90 bought or addedQ4 23: 95 cut or sold outQ1 24: 72 bought or addedQ1 24: 111 cut or sold outQ1 24Q2 24: 88 bought or addedQ2 24: 94 cut or sold outQ3 24: 78 bought or addedQ3 24: 97 cut or sold outQ3 24Q4 24: 96 bought or addedQ4 24: 101 cut or sold outQ1 25: 80 bought or addedQ1 25: 108 cut or sold outQ1 25Q2 25: 77 bought or addedQ2 25: 112 cut or sold outQ3 25: 92 bought or addedQ3 25: 95 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 20239095
Q1 202472111
Q2 20248894
Q3 20247897
Q4 202496101
Q1 202580108
Q2 202577112
Q3 20259295

Calls vs puts

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

CallsPuts
$0$20k$40k$60kQ4 24 calls: $0Q4 24 puts: $0Q4 24P/C —Q1 25 calls: $0Q1 25 puts: $0Q1 25P/C —Q2 25 calls: $0Q2 25 puts: $0Q2 25P/C —Q3 25 calls: $0Q3 25 puts: $44.2kQ3 25P/C —
Numbers
QuarterCallsPutsP/C
Q4 2024$0$0—
Q1 2025$0$0—
Q2 2025$0$0—
Q3 2025$0$44.2k—

Biggest buyers

LPL Financial LLC Added +127,298+127.3k
CITADEL ADVISORS LLC New +104,954+105.0k
Aspire Private Capital, LLC Added +69,368+69.4k
OSAIC HOLDINGS, INC. Added +61,303+61.3k
Wilmington Savings Fund Society, FSB Added +51,104+51.1k
Sanctuary Advisors, LLC Added +37,279+37.3k
ENVESTNET ASSET MANAGEMENT INC Added +26,765+26.8k
Cresset Asset Management, LLC New +26,670+26.7k
TIAA TRUST, NATIONAL ASSOCIATION Added +21,784+21.8k
Equitable Holdings, Inc. Added +20,266+20.3k

Biggest sellers

Cerity Partners LLC Reduced -56,053-56.1k
NORTHERN TRUST CORP Reduced -39,342-39.3k
BANK OF AMERICA CORP /DE/ Reduced -38,730-38.7k
ASSETMARK, INC Reduced -32,181-32.2k
GOLDMAN SACHS GROUP INC Sold out -23,456-23.5k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -21,672-21.7k
Cambridge Investment Research Advisors, Inc. Reduced -20,912-20.9k
WELLS FARGO & COMPANY/MN Reduced -20,686-20.7k
Csenge Advisory Group Sold out -16,883-16.9k
Creative Planning Reduced -16,201-16.2k

Biggest calls

None

Biggest puts

BANK OF AMERICA CORP /DE/ New $44.2k1.1k 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, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 1,260,6071.3m $50.7m $50.7m 0.01% Added +127.3k +127,298
2 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 862,506862.5k $34.7m $34.7m 0.01% Added +26.8k +26,765
3 OSAIC HOLDINGS, INC. 0.03% of their portfolio SCOTTSDALE, AZ 582,127582.1k $22.9m $22.9m 0.03% Added +61.3k +61,303
4 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 564,760564.8k $22.7m $22.7m 0.00% Reduced -38.7k -38,730
5 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 528,023528.0k $21.2m $21.2m 0.02% Added +4.1k +4,083
6 Wilmington Savings Fund Society, FSB 0.51% of their portfolio WILMINGTON, DE 527,781527.8k $21.2m $21.2m 0.51% Added +51.1k +51,104
7 Envestnet Portfolio Solutions, Inc. 0.08% of their portfolio BERWYN, PA 527,155527.2k $21.2m $21.2m 0.08% Added +14.9k +14,907
8 ASSETMARK, INC 0.04% of their portfolio CONCORD, CA 465,116465.1k $18.7m $18.7m 0.04% Reduced -32.2k -32,181
9 Savant Capital, LLC 0.08% of their portfolio ROCKFORD, IL 345,581345.6k $13.9m $13.9m 0.08% Reduced -9.1k -9,075
10 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 335,300335.3k $13.5m $13.5m 0.00% Reduced -20.7k -20,686
11 TIAA TRUST, NATIONAL ASSOCIATION 0.03% of their portfolio CHARLOTTE, NC 328,485328.5k $13.2m $13.2m 0.03% Added +21.8k +21,784
12 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 295,663295.7k $11.9m $11.9m 0.01% Reduced -16.2k -16,201
13 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 257,802257.8k $10.4m $10.4m 0.00% Reduced -4.9k -4,896
14 Equitable Holdings, Inc. 0.07% of their portfolio NEW YORK, NY 226,502226.5k $9.1m $9.1m 0.07% Added +20.3k +20,266
15 Cullen/Frost Bankers, Inc. 0.10% of their portfolio San Antonio, TX 221,920221.9k $8.9m $8.9m 0.10% Reduced -5.7k -5,698
16 PARK AVENUE SECURITIES LLC 0.07% of their portfolio NEW YORK, NY 218,767218.8k $8.8m $8.8m 0.07% Added +3.9k +3,931
17 COMMERCE BANK 0.05% of their portfolio KANSAS CITY, MO 208,447208.4k $8.4m $8.4m 0.05% Reduced -14.4k -14,439
18 N.E.W. Advisory Services LLC 0.69% of their portfolio DE PERE, WI 191,596191.6k $7.7m $7.7m 0.69% Reduced -11.9k -11,852
19 CX Institutional 0.22% of their portfolio AUBURN, IN 177,426177.4k $7.1m $7.1m 0.22% Added +6 +6
20 Cerity Partners LLC 0.01% of their portfolio NEW YORK, NY 177,252177.3k $7.1m $7.1m 0.01% Reduced -56.1k -56,053
21 Austin Private Wealth, LLC 0.48% of their portfolio Austin, TX 154,967155.0k $6.2m $6.2m 0.48% Added +2.0k +2,030
22 FMR LLC 0.00% of their portfolio BOSTON, MA 151,613151.6k $6.1m $6.1m 0.00% Added +11.9k +11,910
23 Aspire Private Capital, LLC 0.62% of their portfolio Cornelius, NC 141,453141.5k $5.5m $5.5m 0.62% Added +69.4k +69,368
24 Modera Wealth Management, LLC 0.06% of their portfolio WESTWOOD, NJ 137,816137.8k $5.5m $5.5m 0.06% Reduced -141 -141
25 Private Advisor Group, LLC 0.03% of their portfolio MORRISTOWN, NJ 134,973135.0k $5.4m $5.4m 0.03% Reduced -3.3k -3,339
26 UBS Group AG 0.00% of their portfolio ZURICH, V8 131,999132.0k $5.3m $5.3m 0.00% Reduced -8.1k -8,107
27 RTD Financial Advisors, Inc. 0.62% of their portfolio Philadelphia, PA 129,345129.3k $5.2m $5.2m 0.62% Reduced -2.0k -1,956
28 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 121,296121.3k $4.9m $4.9m 0.01% Reduced -20.9k -20,912
29 BIP Wealth, LLC 0.23% of their portfolio ATLANTA, GA 115,998116.0k $4.7m $4.7m 0.23% Added +1.8k +1,783
30 MAI Capital Management 0.03% of their portfolio INDEPENDENCE, OH 108,275108.3k $4.4m $4.4m 0.03% Added +396 +396
31 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 104,954105.0k $4.2m $4.2m 0.00% New
32 CarsonAllaria Wealth Management, Ltd. 2.15% of their portfolio GLEN CARBON, IL 103,028103.0k $4.1m $4.1m 2.15% Reduced -2.1k -2,105
33 Eagle Bluffs Wealth Management LLC 1.76% of their portfolio COLUMBIA, MO 101,575101.6k $4.1m $4.1m 1.76% Added +1.7k +1,680
34 TOBIAS FINANCIAL ADVISORS, INC. 0.61% of their portfolio Plantation, FL 99,92699.9k $4.0m $4.0m 0.61% Reduced -1.2k -1,230
35 McAdam, LLC 0.17% of their portfolio Philadelphia, PA 87,68487.7k $3.5m $3.5m 0.17% Added +476 +476
36 Pure Financial Advisors, LLC 0.05% of their portfolio SAN DIEGO, CA 85,73685.7k $3.4m $3.4m 0.05% Reduced -1.2k -1,170
37 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 78,29178.3k $3.1m $3.1m 0.00% Reduced -5.1k -5,140
38 MISSION WEALTH MANAGEMENT, LP 0.06% of their portfolio Santa Barbara, CA 75,57075.6k $3.0m $3.0m 0.06% Reduced -68 -68
39 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 72,42172.4k $2.6m $2.6m 0.01% Added +37.3k +37,279
40 NewEdge Advisors, LLC 0.01% of their portfolio NEW ORLEANS, LA 70,94670.9k $2.9m $2.9m 0.01% Added +251 +251
41 LANDMARK WEALTH MANAGEMENT, INC. 1.09% of their portfolio NORMAL, IL 69,76169.8k $2.8m $2.8m 1.09% Added +1.5k +1,485
42 Total Clarity Wealth Management, Inc. 0.64% of their portfolio ST. CHARLES, IL 60,39260.4k $2.4m $2.4m 0.64% Added +2.7k +2,663
43 Wealthcare Advisory Partners LLC 0.05% of their portfolio WEST CHESTER, PA 58,67958.7k $2.4m $2.4m 0.05% Reduced -2.4k -2,436
44 Arete Wealth Advisors, LLC 0.15% of their portfolio CHICAGO, IL 57,69357.7k $2.3m $2.3m 0.15% Added +2.5k +2,465
45 Ballentine Partners, LLC 0.03% of their portfolio Waltham, MA 55,53555.5k $2.2m $2.2m 0.03% Unchanged
46 Signal Advisors Wealth, LLC 0.19% of their portfolio DETROIT, MI 53,40253.4k $2.1m $2.1m 0.19% Added +1.3k +1,329
47 HARBOUR INVESTMENTS, INC. 0.05% of their portfolio MADISON, WI 53,32253.3k $2.1m $2.1m 0.05% Added +2.1k +2,084
48 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 52,37852.4k $2.1m $2.1m 0.00% Reduced -11.4k -11,411
49 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 49,81449.8k $2.0m $2.0m 0.00% Reduced -21.7k -21,672
50 IHT Wealth Management, LLC 0.05% of their portfolio Chicago, IL 49,24249.2k $2.0m $2.0m 0.05% Reduced -283 -283
51 Mill Creek Capital Advisors, LLC 0.04% of their portfolio Conshohocken, PA 47,11147.1k $1.9m $1.9m 0.04% Unchanged
52 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 45,50545.5k $1.8m $1.8m 0.00% Reduced -39.3k -39,342
53 LMCG INVESTMENTS, LLC 0.11% of their portfolio BOSTON, MA 45,20045.2k $1.8m $1.8m 0.11% Unchanged
54 STONEHAVEN WEALTH & TAX SOLUTIONS, LLC 1.64% of their portfolio APPLETON, WI 44,14644.1k $1.8m $1.8m 1.64% Reduced -426 -426
55 Valmark Advisers, Inc. 0.02% of their portfolio AKRON, OH 42,71042.7k $1.7m $1.7m 0.02% Added +3 +3
56 Accredited Investors Inc. 0.10% of their portfolio EDINA, MN 42,64042.6k $1.7m $1.7m 0.10% Reduced -325 -325
57 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 41,05741.1k $1.6m $1.6m 0.00% Added +2.6k +2,604
58 AE Wealth Management LLC 0.01% of their portfolio TOPEKA, KS 37,91137.9k $1.5m $1.5m 0.01% Added +689 +689
59 RFG Advisory, LLC 0.03% of their portfolio BIRMINGHAM, AL 35,58335.6k $1.4m $1.4m 0.03% Reduced -658 -658
60 Orion Porfolio Solutions, LLC 0.01% of their portfolio OMAHA, NE 33,78633.8k $1.4m $1.4m 0.01% Added +19 +19
61 SMITH, MOORE & CO. 0.10% of their portfolio CLAYTON, MO 32,82432.8k $1.3m $1.3m 0.10% Added +147 +147
62 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 32,28532.3k $1.3m $1.3m 0.00% Added +10.5k +10,540
63 CARY STREET PARTNERS FINANCIAL LLC 0.03% of their portfolio RICHMOND, VA 32,24032.2k $1.3m $1.3m 0.03% Reduced -167 -167
64 Bryn Mawr Trust Advisors, LLC 0.06% of their portfolio PHILADELPHIA, PA 31,38531.4k $1.3m $1.3m 0.06% Added +2.2k +2,242
65 Spire Wealth Management 0.04% of their portfolio MCLEAN, VA 30,79830.8k $1.2m $1.2m 0.04% Added +387 +387
66 Simplicity Wealth,LLC 0.07% of their portfolio SUMMIT, NJ 30,39430.4k $1.2m $1.2m 0.07% Reduced -15.9k -15,918
67 MATHER GROUP, LLC. 0.01% of their portfolio CHICAGO, IL 30,38530.4k $1.2m $1.2m 0.01% Reduced -556 -556
68 Upper Left Wealth Management, LLC 0.76% of their portfolio TAMPA, FL 30,26230.3k $1.2m $1.2m 0.76% Reduced -716 -716
69 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 30,25530.3k $1.2m $1.2m 0.00% Reduced -169 -169
70 Raleigh Capital Management Inc. 0.46% of their portfolio CARY, NC 30,04830.0k $1.2m $1.2m 0.46% Reduced -1.6k -1,575
71 Probity Advisors, Inc. 0.19% of their portfolio DALLAS, TX 28,66728.7k $1.2m $1.2m 0.19% Added +529 +529
72 CreativeOne Wealth, LLC 0.03% of their portfolio OVERLAND PARK, KS 28,41528.4k $1.1m $1.1m 0.03% Added +677 +677
73 Alesco Advisors, LLC, An ESL Co 0.03% of their portfolio Pittsford, NY 27,95328.0k $1.1m $1.1m 0.03% Reduced -1.3k -1,275
74 Cresset Asset Management, LLC 0.00% of their portfolio Chicago, IL 26,67026.7k $1.1m $1.1m 0.00% New
75 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 24,65924.7k $990.8k $990.8k 0.00% Added +6.4k +6,411
76 Cassaday & Co Wealth Management LLC 0.02% of their portfolio MCLEAN, VA 23,16823.2k $930.9k $930.9k 0.02% Unchanged
77 Independent Advisor Alliance 0.02% of their portfolio CHARLOTTE, NC 23,06223.1k $926.6k $926.6k 0.02% Added +456 +456
78 Portside Wealth Group, LLC 0.12% of their portfolio Provo, UT 22,23822.2k $893.5k $893.5k 0.12% Added +1.1k +1,071
79 FSB PREMIER WEALTH MANAGEMENT, INC. 0.29% of their portfolio WATERLOO, IA 21,78821.8k $875.5k $875.5k 0.29% Reduced -867 -867
80 Walkner Condon Financial Advisors LLC 0.14% of their portfolio MADISON, WI 21,72821.7k $873.0k $873.0k 0.14% Reduced -1.1k -1,057
81 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 21,02821.0k $844.9k $844.9k 0.00% Reduced -85 -85
82 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 20,90920.9k $846.0k $846.0k 0.00% Reduced -1.6k -1,599
83 RICHARDSON FINANCIAL SERVICES INC. 0.49% of their portfolio MEDWAY, MA 19,50419.5k $783.7k $783.7k 0.49% Reduced -1.2k -1,170
84 Merit Financial Group, LLC 0.01% of their portfolio ALPHARETTA, GA 18,73618.7k $752.8k $752.8k 0.01% Added +64 +64
85 Balefire, LLC 0.15% of their portfolio DALLAS, TX 18,72518.7k $752.4k $752.4k 0.15% Added +632 +632
86 Advisor OS, LLC 0.06% of their portfolio CHICAGO, IL 18,01318.0k $723.8k $723.8k 0.06% Added +15 +15
87 Brand Asset Management Group, Inc. 0.20% of their portfolio CHESTERFIELD, MO 17,89917.9k $719.2k $719.2k 0.20% Reduced -460 -460
88 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 17,77117.8k $714.0k $714.0k 0.00% Added +846 +846
89 Rothschild Wealth LLC 0.15% of their portfolio OAK BROOK, IL 17,54117.5k $704.8k $704.8k 0.15% Reduced -503 -503
90 NOVUS ADVISORS, LLC 1.61% of their portfolio GREENVILLE, SC 17,49417.5k $702.9k $702.9k 1.61% Reduced -278 -278
91 Werba Rubin Papier Wealth Management 0.11% of their portfolio SAN JOSE, CA 17,21917.2k $691.8k $691.8k 0.11% Unchanged
92 TOWNSQUARE CAPITAL LLC 0.10% of their portfolio Lehi, UT 17,19217.2k $690.8k $690.8k 0.10% Reduced -12.1k -12,104
93 Wealthspire Advisors, LLC 0.00% of their portfolio NEW YORK, NY 16,82316.8k $675.9k $675.9k 0.00% Unchanged
94 Global Financial Private Client, LLC 0.24% of their portfolio Sarasota, FL 16,81416.8k $675.6k $675.6k 0.24% Added +1.6k +1,608
95 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 16,55116.6k $665.1k $665.1k 0.00% Added +4.2k +4,180
96 CAMELOT TECHNOLOGY ADVISORS, INC. 0.52% of their portfolio SAN FRANCISCO, CA 16,14616.1k $648.7k $648.7k 0.52% New
97 Trilogy Capital Inc. 0.03% of their portfolio IRVINE, CA 15,98016.0k $642.1k $642.1k 0.03% Reduced -789 -789
98 Belpointe Asset Management LLC 0.02% of their portfolio RENO, NV 15,43015.4k $620.0k $620.0k 0.02% Added +7.9k +7,896
99 GeoWealth Management, LLC 0.02% of their portfolio CHICAGO, IL 15,07915.1k $605.9k $605.9k 0.02% Reduced -800 -800
100 AXXCESS WEALTH MANAGEMENT, LLC 0.01% of their portfolio CARLSBAD, CA 14,22114.2k $571.4k $571.4k 0.01% Reduced -2.0k -2,041