Vault-13

SPDR INDEX SHS FDS SPDW

PORTFOLIO DEVLPD · ETP · CUSIP 78463X889

1,071 institutional holders +21 vs Q2 2025
564,902,630564.9m shares reported held*
$24.2bnreported value*
79 new 436 added 359 reduced 45 sold out net bought ≈ $1.3bn (+31.3m 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 ($162.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $42.79. Options: 1 managers hold calls ($201.1k notional), 1 hold puts ($544.6k).

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 622Q4 22: 690Q1 23: 711Q2 23: 738Q3 23: 759Q4 23: 846Q1 24: 854Q2 24: 880Q3 24: 894Q4 24: 976Q1 25: 994Q2 25: 1,050Q3 25: 1,0711,071Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 2022622
Q4 2022690
Q1 2023711
Q2 2023738
Q3 2023759
Q4 2023846
Q1 2024854
Q2 2024880
Q3 2024894
Q4 2024976
Q1 2025994
Q2 20251,050
Q3 20251,071

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ4 23: 399 bought or addedQ4 23: 322 cut or sold outQ1 24: 388 bought or addedQ1 24: 352 cut or sold outQ1 24Q2 24: 477 bought or addedQ2 24: 288 cut or sold outQ3 24: 402 bought or addedQ3 24: 370 cut or sold outQ3 24Q4 24: 499 bought or addedQ4 24: 330 cut or sold outQ1 25: 451 bought or addedQ1 25: 420 cut or sold outQ1 25Q2 25: 532 bought or addedQ2 25: 406 cut or sold outQ3 25: 515 bought or addedQ3 25: 404 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 2023399322
Q1 2024388352
Q2 2024477288
Q3 2024402370
Q4 2024499330
Q1 2025451420
Q2 2025532406
Q3 2025515404

Calls vs puts

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

CallsPuts
$0$200k$400k$600kQ4 24 calls: $64.8kQ4 24 puts: $64.8kQ4 24P/C 1.00Q1 25 calls: $94.7kQ1 25 puts: $8.8kQ1 25P/C 0.09Q2 25 calls: $0Q2 25 puts: $0Q2 25P/C —Q3 25 calls: $201.1kQ3 25 puts: $544.6kQ3 25P/C 2.71
Numbers
QuarterCallsPutsP/C
Q4 2024$64.8k$64.8k1.00
Q1 2025$94.7k$8.8k0.09
Q2 2025$0$0—
Q3 2025$201.1k$544.6k2.71

Biggest buyers

Creative Planning Added +13,128,208+13.1m
VANTAGEPOINT INVESTMENT ADVISERS LLC New +6,521,890+6.5m
LPL Financial LLC Added +4,044,799+4.0m
ALLIANCEBERNSTEIN L.P. New +1,871,615+1.9m
JPMORGAN CHASE & CO Added +1,787,412+1.8m
MORGAN STANLEY Added +1,303,321+1.3m
STATE STREET CORP Added +1,228,867+1.2m
VICUS CAPITAL Added +1,101,704+1.1m
HighTower Advisors, LLC Added +968,645+968.6k
STIFEL FINANCIAL CORP Added +806,241+806.2k

Biggest sellers

Auto-Owners Insurance Co Reduced -2,345,334-2.3m
Allworth Financial LP Reduced -2,253,428-2.3m
ROYAL BANK OF CANADA Reduced -1,482,512-1.5m
Rockefeller Capital Management L.P. Reduced -1,372,077-1.4m
Financial Engines Advisors L.L.C. Reduced -1,257,094-1.3m
Goldstein Advisors, LLC Reduced -1,010,809-1.0m
Thrivent Financial for Lutherans Reduced -908,391-908.4k
Arax Advisory Partners Sold out -557,518-557.5k
Atlas Private Wealth Advisors Reduced -385,825-385.8k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -354,958-355.0k

Biggest calls

CITADEL ADVISORS LLC New $201.1k4.7k shares

Biggest puts

MOSAIC FAMILY WEALTH PARTNERS, LLC New $544.6k12.8k 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 Creative Planning 3.69% of their portfolio OVERLAND PARK, KS 112,764,556112.8m $4.8bn $4.8bn 3.69% Added +13.1m +13,128,208
2 Financial Engines Advisors L.L.C. 4.78% of their portfolio SANTA CLARA, CA 58,489,52058.5m $2.5bn $2.5bn 4.78% Reduced -1.3m -1,257,094
3 LPL Financial LLC 0.43% of their portfolio FORT MILL, SC 34,051,04734.1m $1.5bn $1.5bn 0.43% Added +4.0m +4,044,799
4 Allworth Financial LP 5.62% of their portfolio FOLSOM, CA 29,699,97329.7m $1.3bn $1.3bn 5.62% Reduced -2.3m -2,253,428
5 Auto-Owners Insurance Co 16.83% of their portfolio LANSING, MI 15,230,66615.2m $651.7m $651.7m 16.83% Reduced -2.3m -2,345,334
6 CWM, LLC 1.88% of their portfolio OMAHA, NE 14,633,82814.6m $626.2m $626.2m 1.88% Added +452.2k +452,210
7 TIAA TRUST, NATIONAL ASSOCIATION 1.41% of their portfolio CHARLOTTE, NC 13,631,08313.6m $583.3m $583.3m 1.41% Added +50.9k +50,916
8 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 10,190,79910.2m $436.1m $436.1m 0.03% Added +1.3m +1,303,321
9 UBS Group AG 0.07% of their portfolio ZURICH, V8 8,414,0898.4m $360.0m $360.0m 0.07% Added +22.9k +22,915
10 Betterment LLC 0.63% of their portfolio NEW YORK, NY 7,498,0607.5m $320.8m $320.8m 0.63% Reduced -228.8k -228,799
11 ENVESTNET ASSET MANAGEMENT INC 0.09% of their portfolio Berwyn, PA 7,371,8367.4m $315.4m $315.4m 0.09% Added +724.2k +724,242
12 VANTAGEPOINT INVESTMENT ADVISERS LLC 2.28% of their portfolio WASHINGTON, DC 6,521,8906.5m $279.1m $279.1m 2.28% New
13 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 5,985,3696.0m $256.1m $256.1m 0.02% Added +372.9k +372,851
14 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 5,897,5655.9m $252.4m $252.4m 0.01% Added +1.2m +1,228,867
15 COMMONWEALTH EQUITY SERVICES, LLC 0.32% of their portfolio WALTHAM, MA 5,722,4465.7m $244.9m $244.9m 0.32% Reduced -355.0k -354,958
16 OSAIC HOLDINGS, INC. 0.30% of their portfolio SCOTTSDALE, AZ 5,067,3915.1m $212.5m $212.5m 0.30% Added +82.1k +82,069
17 Horizon Investments, LLC 2.77% of their portfolio Charlotte, NC 4,917,9454.9m $210.4m $210.4m 2.77% Reduced -106.7k -106,651
18 STIFEL FINANCIAL CORP 0.19% of their portfolio ST. LOUIS, MO 4,790,0714.8m $205.0m $205.0m 0.19% Added +806.2k +806,241
19 Stadion Money Management, LLC 16.28% of their portfolio WATKINSVILLE, GA 4,762,8934.8m $203.8m $203.8m 16.28% Added +625.9k +625,943
20 Mariner, LLC 0.25% of their portfolio Overland Park, KS 4,449,2474.4m $190.4m $190.4m 0.25% Added +31.0k +31,001
21 Advisory Alpha, LLC 5.21% of their portfolio HOLLAND, MI 4,325,6454.3m $186.8m $186.8m 5.21% Added +213.5k +213,525
22 BENJAMIN EDWARDS INC 1.79% of their portfolio Clayton, MO 3,694,1283.7m $158.1m $158.1m 1.79% Added +631.1k +631,129
23 HighTower Advisors, LLC 0.17% of their portfolio CHICAGO, IL 3,599,0303.6m $154.0m $154.0m 0.17% Added +968.6k +968,645
24 RAYMOND JAMES FINANCIAL INC 0.05% of their portfolio ST. PETERSBURG, FL 3,409,8453.4m $145.9m $145.9m 0.05% Added +264.0k +263,962
25 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 3,406,4283.4m $145.8m $145.8m 0.00% Added +1.8m +1,787,412
26 Strategies Wealth Advisors, LLC 15.02% of their portfolio GRAND RAPIDS, MI 3,374,5803.4m $144.4m $144.4m 15.02% Added +35.6k +35,560
27 Bank of New York Mellon Corp 0.02% of their portfolio NEW YORK, NY 3,176,4853.2m $135.9m $135.9m 0.02% Added +34.7k +34,704
28 Pathstone Holdings, LLC 0.49% of their portfolio ENGLEWOOD, NJ 2,987,2223.0m $127.8m $127.8m 0.49% Reduced -2.4k -2,358
29 Clearstead Advisors, LLC 1.84% of their portfolio CLEVELAND, OH 2,950,6503.0m $126.3m $126.3m 1.84% Added +149.6k +149,558
30 AMERIPRISE FINANCIAL INC 0.03% of their portfolio MINNEAPOLIS, MN 2,894,3502.9m $123.9m $123.9m 0.03% Added +99.5k +99,465
31 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.07% of their portfolio MILWAUKEE, WI 2,492,9722.5m $106.7m $106.7m 0.07% Added +110.5k +110,490
32 Equitable Holdings, Inc. 0.74% of their portfolio NEW YORK, NY 2,364,4632.4m $101.2m $101.2m 0.74% Added +71.5k +71,531
33 SEI INVESTMENTS CO 0.11% of their portfolio OAKS, PA 2,295,4552.3m $98.2m $98.2m 0.11% Reduced -76.6k -76,585
34 McNamara Financial Services, Inc. 17.28% of their portfolio MARSHFIELD, MA 2,173,1932.2m $93.0m $93.0m 17.28% Reduced -4.6k -4,649
35 GeoWealth Management, LLC 3.35% of their portfolio CHICAGO, IL 2,147,6772.1m $91.9m $91.9m 3.35% Reduced -123.6k -123,618
36 Envestnet Portfolio Solutions, Inc. 0.34% of their portfolio BERWYN, PA 2,141,6992.1m $91.6m $91.6m 0.34% Added +404.4k +404,412
37 Gradient Investments LLC 1.52% of their portfolio ARDEN HILLS, MN 2,128,7032.1m $91.1m $91.1m 1.52% Added +16.1k +16,072
38 JNBA Financial Advisors 8.15% of their portfolio BLOOMINGTON, MN 2,096,5842.1m $89.7m $89.7m 8.15% Added +100.7k +100,695
39 Private Advisor Group, LLC 0.44% of their portfolio MORRISTOWN, NJ 2,087,2232.1m $89.3m $89.3m 0.44% Reduced -98 -98
40 AXXCESS WEALTH MANAGEMENT, LLC 1.83% of their portfolio CARLSBAD, CA 2,018,9162.0m $86.4m $86.4m 1.83% Added +179.9k +179,912
41 Cetera Investment Advisers 0.10% of their portfolio SCHAUMBURG, IL 2,006,2212.0m $85.8m $85.8m 0.10% Added +130.8k +130,796
42 Advocacy Wealth Management, LLC 3.71% of their portfolio ATLANTA, GA 1,997,9012.0m $85.5m $85.5m 3.71% Reduced -24.0k -24,030
43 Savant Capital, LLC 0.51% of their portfolio ROCKFORD, IL 1,954,7512.0m $83.6m $83.6m 0.51% Reduced -80.6k -80,635
44 Capital Asset Advisory Services LLC 3.60% of their portfolio Williamston, MI 1,950,5812.0m $83.5m $83.5m 3.60% Added +136.9k +136,894
45 ASSETMARK, INC 0.17% of their portfolio CONCORD, CA 1,887,8611.9m $80.8m $80.8m 0.17% Added +325.2k +325,223
46 ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio NASHVILLE, TN 1,871,6151.9m $80.1m $80.1m 0.03% New
47 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.12% of their portfolio PLYMOUTH, MN 1,855,9641.9m $80.4m $80.4m 0.12% Reduced -169.6k -169,605
48 AlphaStar Capital Management, LLC 6.69% of their portfolio CORNELIUS, NC 1,814,8781.8m $77.7m $77.7m 6.69% Added +260.4k +260,423
49 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 1,738,6601.7m $74.4m $74.4m 0.01% Reduced -1.5m -1,482,512
50 Schneider Downs Wealth Management Advisors, LP 8.76% of their portfolio Pittsburgh, PA 1,725,2651.7m $73.8m $73.8m 8.76% Added +46.4k +46,411
51 EXCHANGE TRADED CONCEPTS, LLC 0.69% of their portfolio Oklahoma City, OK 1,690,9211.7m $72.4m $72.4m 0.69% Added +342.0k +342,007
52 MML INVESTORS SERVICES, LLC 0.19% of their portfolio SPRINGFIELD, MA 1,684,6671.7m $72.1m $72.1m 0.19% Reduced -164.2k -164,205
53 SPC Financial, Inc. 5.42% of their portfolio ROCKVILLE, MD 1,622,6711.6m $69.4m $69.4m 5.42% Added +111.2k +111,199
54 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 1,620,7811.6m $69.4m $69.4m 0.01% Added +40.3k +40,339
55 Peterson Wealth Advisors, LLC 10.46% of their portfolio Orem, UT 1,615,2751.6m $69.9m $69.9m 10.46% Added +19.8k +19,793
56 HALBERT HARGROVE GLOBAL ADVISORS, LLC 3.32% of their portfolio LONG BEACH, CA 1,583,8081.6m $67.8m $67.8m 3.32% Added +18.7k +18,731
57 PARK AVENUE SECURITIES LLC 0.52% of their portfolio NEW YORK, NY 1,554,5821.6m $66.5m $66.5m 0.52% Reduced -3.9k -3,903
58 CONFLUENCE INVESTMENT MANAGEMENT LLC 0.90% of their portfolio ST. LOUIS, MO 1,474,3501.5m $63.1m $63.1m 0.90% Added +197.6k +197,568
59 Rockefeller Capital Management L.P. 0.12% of their portfolio NEW YORK, NY 1,419,7031.4m $60.7m $60.7m 0.12% Reduced -1.4m -1,372,077
60 Facet Wealth, Inc. 1.24% of their portfolio WEST PALM BEACH, FL 1,396,8321.4m $59.8m $59.8m 1.24% Added +6.3k +6,291
61 TRUEFG, LLC 16.46% of their portfolio CEDAR PARK, TX 1,392,6801.4m $59.6m $59.6m 16.46% Added +22.9k +22,893
62 Cambridge Investment Research Advisors, Inc. 0.16% of their portfolio FAIRFIELD, IA 1,384,6571.4m $59.2m $59.2m 0.16% Added +43.8k +43,777
63 VICUS CAPITAL 4.15% of their portfolio STATE COLLEGE, PA 1,268,6531.3m $54.3m $54.3m 4.15% Added +1.1m +1,101,704
64 Wealthcare Advisory Partners LLC 1.13% of their portfolio WEST CHESTER, PA 1,265,6351.3m $54.2m $54.2m 1.13% Added +77.5k +77,542
65 Dakota Wealth Management 1.07% of their portfolio PALM BEACH GARDENS, FL 1,234,6221.2m $52.8m $52.8m 1.07% Added +128.0k +127,982
66 Stratos Wealth Partners, LTD. 0.60% of their portfolio BEACHWOOD, OH 1,186,4531.2m $50.8m $50.8m 0.60% Reduced -132.0k -132,019
67 Clearwater Capital Advisors, LLC 4.04% of their portfolio HOFFMAN ESTATES, IL 1,108,0391.1m $47.4m $47.4m 4.04% Reduced -1.3k -1,255
68 Integrated Wealth Concepts LLC 0.42% of their portfolio WALTHAM, MA 1,086,6811.1m $46.5m $46.5m 0.42% Added +71.5k +71,454
69 CGN Advisors LLC 3.75% of their portfolio MANHATTAN, KS 1,065,8371.1m $45.6m $45.6m 3.75% Added +57.6k +57,628
70 Global Strategic Investment Solutions, LLC 4.49% of their portfolio Scottsdale, AZ 1,051,2341.1m $45.0m $45.0m 4.49% Added +50.8k +50,804
71 Lifeworks Advisors, LLC 5.94% of their portfolio GRAND RAPIDS, MI 1,035,2831.0m $44.3m $44.3m 5.94% Added +133.3k +133,328
72 AlphaCore Capital LLC 1.44% of their portfolio LA JOLLA, CA 996,965997.0k $42.7m $42.7m 1.44% Reduced -29.6k -29,649
73 Boston Standard Wealth Management, LLC 7.06% of their portfolio WINCHESTER, MA 980,548980.5k $42.0m $42.0m 7.06% Reduced -25.8k -25,813
74 Bristlecone Advisors, LLC 3.49% of their portfolio BELLEVUE, WA 976,872976.9k $41.8m $41.8m 3.49% Added +23.8k +23,812
75 US BANCORP \DE\ 0.05% of their portfolio MINNEAPOLIS, MN 966,228966.2k $41.3m $41.3m 0.05% Reduced -4.1k -4,077
76 KWB Wealth 4.29% of their portfolio REDLANDS, CA 957,966958.0k $38.8m $38.8m 4.29% Reduced -96.0k -96,023
77 Brio Consultants, LLC 5.53% of their portfolio SAN FRANCISCO, CA 938,938938.9k $40.2m $40.2m 5.53% Added +15.0k +14,988
78 Global Retirement Partners, LLC 0.89% of their portfolio San Rafael, CA 932,615932.6k $39.9m $39.9m 0.89% Added +61.0k +60,976
79 RESTON WEALTH MANAGEMENT LLC 12.50% of their portfolio Reston, VA 904,576904.6k $38.7m $38.7m 12.50% Reduced -2.7k -2,657
80 WALLER FINANCIAL PLANNING GROUP, INC 8.76% of their portfolio COLUMBUS, OH 892,195892.2k $38.2m $38.2m 8.76% Reduced -14.7k -14,709
81 Ballentine Partners, LLC 0.53% of their portfolio Waltham, MA 886,966887.0k $38.0m $38.0m 0.53% Added +1.4k +1,426
82 Walkner Condon Financial Advisors LLC 5.79% of their portfolio MADISON, WI 854,365854.4k $36.6m $36.6m 5.79% Added +121.2k +121,174
83 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 821,705821.7k $35.2m $35.2m 0.01% Reduced -42.2k -42,152
84 MAI Capital Management 0.22% of their portfolio INDEPENDENCE, OH 813,301813.3k $34.8m $34.8m 0.22% Added +7.3k +7,333
85 IFP Advisors, Inc 0.90% of their portfolio TAMPA, FL 806,797806.8k $34.5m $34.5m 0.90% Added +23.2k +23,173
86 Goodman Financial Corp 6.72% of their portfolio HOUSTON, TX 806,539806.5k $34.5m $34.5m 6.72% Reduced -16.3k -16,298
87 Meeder Advisory Services, Inc. 1.59% of their portfolio DUBLIN, OH 801,462801.5k $34.3m $34.3m 1.59% Reduced -19.6k -19,554
88 Blueprint Investment Partners LLC 4.78% of their portfolio GREENSBORO, NC 794,469794.5k $34.0m $34.0m 4.78% Added +46.5k +46,522
89 DIVERSIFY WEALTH MANAGEMENT, LLC 2.00% of their portfolio SANDY, UT 793,063793.1k $34.6m $34.6m 2.00% Added +54.3k +54,274
90 Garrett Wealth Advisory Group, LLC 6.61% of their portfolio WEATHERFORD, TX 792,166792.2k $33.9m $33.9m 6.61% Added +21.2k +21,236
91 ProVise Management Group, LLC 2.47% of their portfolio CLEARWATER, FL 783,409783.4k $33.5m $33.5m 2.47% Added +13.8k +13,829
92 KNIGHTSBRIDGE ASSET MANAGEMENT, LLC 5.51% of their portfolio NEWPORT BEACH, CA 761,501761.5k $32.6m $32.6m 5.51% Added +153.1k +153,095
93 Summit Global Investments 1.85% of their portfolio BOUNTIFUL, UT 741,627741.6k $31.7m $31.7m 1.85% Added +106.0k +106,031
94 Rinkey Investments 8.23% of their portfolio San Diego, CA 724,901724.9k $31.0m $31.0m 8.23% Reduced -13.8k -13,843
95 Geneos Wealth Management Inc. 0.79% of their portfolio ENGLEWOOD, CO 723,416723.4k $31.0m $31.0m 0.79% Reduced -234 -234
96 Strategic Financial Concepts, LLC 4.50% of their portfolio SAN ANTONIO, TX 723,132723.1k $30.9m $30.9m 4.50% Added +14.2k +14,214
97 Compton Financial Group, LLC 7.45% of their portfolio TOWSON, MD 723,054723.1k $30.9m $30.9m 7.45% Added +19.3k +19,278
98 SIGNATURE ESTATE & INVESTMENT ADVISORS LLC 0.65% of their portfolio LOS ANGELES, CA 706,610706.6k $30.2m $30.2m 0.65% Added +16.2k +16,173
99 Concord Wealth Partners 4.13% of their portfolio ABINGDON, VA 698,573698.6k $29.9m $29.9m 4.13% Added +15.4k +15,412
100 Concord Asset Management, LLC/VA 5.41% of their portfolio ABINGDON, VA 696,237696.2k $29.8m $29.8m 5.41% Added +13.1k +13,076