Vault-13

SPDR INDEX SHS FDS SPDW

PORTFOLIO DEVLPD · ETP · CUSIP 78463X889

1,162 institutional holders +91 vs Q3 2025
605,790,703605.8m shares reported held*
$26.9bnreported value*
68 new 508 added 331 reduced 44 sold out net bought ≈ $1.8bn (+40.8m 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 ($203.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $44.41.

Trends to Q4 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: 1,071Q4 25: 1,1621,162Q3 22Q2 23Q1 24Q4 24Q4 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
Q4 20251,162

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ1 24: 388 bought or addedQ1 24: 352 cut or sold outQ2 24: 477 bought or addedQ2 24: 288 cut or sold outQ2 24Q3 24: 402 bought or addedQ3 24: 370 cut or sold outQ4 24: 499 bought or addedQ4 24: 330 cut or sold outQ4 24Q1 25: 451 bought or addedQ1 25: 420 cut or sold outQ2 25: 532 bought or addedQ2 25: 406 cut or sold outQ2 25Q3 25: 515 bought or addedQ3 25: 404 cut or sold outQ4 25: 576 bought or addedQ4 25: 375 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024388352
Q2 2024477288
Q3 2024402370
Q4 2024499330
Q1 2025451420
Q2 2025532406
Q3 2025515404
Q4 2025576375

Calls vs puts

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

CallsPuts
$0$200k$400k$600kQ1 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 2.71Q4 25 calls: $0Q4 25 puts: $0Q4 25P/C —
Numbers
QuarterCallsPutsP/C
Q1 2025$94.7k$8.8k0.09
Q2 2025$0$0—
Q3 2025$201.1k$544.6k2.71
Q4 2025$0$0—

Biggest buyers

Creative Planning Added +12,369,881+12.4m
Auto-Owners Insurance Co Added +4,407,000+4.4m
LPL Financial LLC Added +3,292,815+3.3m
Corient Private Wealth LP Added +2,591,213+2.6m
STATE STREET CORP Added +2,559,918+2.6m
MORGAN STANLEY Added +1,725,089+1.7m
AlphaCore Capital LLC Added +1,588,557+1.6m
SUSQUEHANNA INTERNATIONAL GROUP, LLP New +1,514,657+1.5m
HighPoint Advisor Group LLC New +1,474,931+1.5m
TRUIST FINANCIAL CORP Added +1,239,029+1.2m

Biggest sellers

Bank of New York Mellon Corp Reduced -2,546,840-2.5m
JPMORGAN CHASE & CO Reduced -1,569,671-1.6m
Financial Engines Advisors L.L.C. Reduced -1,272,327-1.3m
Strategic Financial Concepts, LLC Sold out -723,132-723.1k
OneAscent Financial Services LLC Sold out -681,551-681.6k
WALLER FINANCIAL PLANNING GROUP, INC Reduced -605,040-605.0k
ALLIANCEBERNSTEIN L.P. Reduced -581,473-581.5k
OSAIC HOLDINGS, INC. Reduced -483,155-483.2k
Sanctuary Advisors, LLC Reduced -368,956-369.0k
Stadion Money Management, LLC Reduced -356,872-356.9k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Creative Planning 3.98% of their portfolio OVERLAND PARK, KS 125,134,437125.1m $5.6bn $5.6bn 3.98% Added +12.4m +12,369,881
2 Financial Engines Advisors L.L.C. 4.81% of their portfolio SANTA CLARA, CA 57,217,19357.2m $2.5bn $2.5bn 4.81% Reduced -1.3m -1,272,327
3 LPL Financial LLC 0.45% of their portfolio FORT MILL, SC 37,343,86237.3m $1.7bn $1.7bn 0.45% Added +3.3m +3,292,815
4 Allworth Financial LP 5.44% of their portfolio FOLSOM, CA 29,790,83829.8m $1.3bn $1.3bn 5.44% Added +90.9k +90,865
5 Auto-Owners Insurance Co 18.31% of their portfolio LANSING, MI 19,637,66619.6m $872.1m $872.1m 18.31% Added +4.4m +4,407,000
6 CWM, LLC 1.87% of their portfolio OMAHA, NE 15,520,55715.5m $689.3m $689.3m 1.87% Added +886.7k +886,729
7 TIAA TRUST, NATIONAL ASSOCIATION 1.45% of their portfolio CHARLOTTE, NC 13,595,36813.6m $603.8m $603.8m 1.45% Reduced -35.7k -35,715
8 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 11,915,88811.9m $529.2m $529.2m 0.03% Added +1.7m +1,725,089
9 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 8,457,4838.5m $375.6m $375.6m 0.01% Added +2.6m +2,559,918
10 UBS Group AG 0.07% of their portfolio ZURICH, V8 8,396,0558.4m $372.9m $372.9m 0.07% Reduced -18.0k -18,034
11 ENVESTNET ASSET MANAGEMENT INC 0.10% of their portfolio Berwyn, PA 7,967,0128.0m $353.8m $353.8m 0.10% Added +595.2k +595,176
12 Betterment LLC 0.63% of their portfolio NEW YORK, NY 7,414,6967.4m $329.3m $329.3m 0.63% Reduced -83.4k -83,364
13 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 6,962,4637.0m $309.2m $309.2m 0.02% Added +977.1k +977,094
14 VANTAGEPOINT INVESTMENT ADVISERS LLC 2.26% of their portfolio WASHINGTON, DC 6,326,0176.3m $280.9m $280.9m 2.26% Reduced -195.9k -195,873
15 COMMONWEALTH EQUITY SERVICES, LLC 0.34% of their portfolio WALTHAM, MA 5,711,5135.7m $253.6m $253.6m 0.34% Reduced -10.9k -10,933
16 STIFEL FINANCIAL CORP 0.21% of their portfolio ST. LOUIS, MO 5,294,5415.3m $235.1m $235.1m 0.21% Added +504.5k +504,470
17 Horizon Investments, LLC 2.70% of their portfolio Charlotte, NC 4,805,6564.8m $213.4m $213.4m 2.70% Reduced -112.3k -112,289
18 Mariner, LLC 0.25% of their portfolio Overland Park, KS 4,659,0494.7m $206.9m $206.9m 0.25% Added +209.8k +209,802
19 OSAIC HOLDINGS, INC. 0.30% of their portfolio SCOTTSDALE, AZ 4,584,2364.6m $203.6m $203.6m 0.30% Reduced -483.2k -483,155
20 Stadion Money Management, LLC 15.86% of their portfolio WATKINSVILLE, GA 4,406,0214.4m $195.7m $195.7m 15.86% Reduced -356.9k -356,872
21 Advisory Alpha, LLC 5.18% of their portfolio HOLLAND, MI 4,283,9874.3m $190.3m $190.3m 5.18% Reduced -41.7k -41,658
22 BENJAMIN EDWARDS INC 1.98% of their portfolio Clayton, MO 4,024,0994.0m $178.7m $178.7m 1.98% Added +330.0k +329,971
23 HighTower Advisors, LLC 0.19% of their portfolio CHICAGO, IL 3,959,5094.0m $175.8m $175.8m 0.19% Added +360.5k +360,479
24 Strategies Wealth Advisors, LLC 15.87% of their portfolio GRAND RAPIDS, MI 3,566,3373.6m $158.4m $158.4m 15.87% Added +191.8k +191,757
25 Corient Private Wealth LP 0.09% of their portfolio MIAMI, FL 3,250,2593.3m $139.1m $139.1m 0.09% Added +2.6m +2,591,213
26 RAYMOND JAMES FINANCIAL INC 0.04% of their portfolio ST. PETERSBURG, FL 3,095,6823.1m $137.5m $137.5m 0.04% Reduced -314.2k -314,163
27 Clearstead Advisors, LLC 1.70% of their portfolio CLEVELAND, OH 3,041,9813.0m $135.1m $135.1m 1.70% Added +91.3k +91,331
28 Pathstone Holdings, LLC 0.50% of their portfolio ENGLEWOOD, NJ 2,922,3082.9m $129.8m $129.8m 0.50% Reduced -64.9k -64,914
29 AMERIPRISE FINANCIAL INC 0.03% of their portfolio MINNEAPOLIS, MN 2,748,0522.7m $122.0m $122.0m 0.03% Reduced -146.3k -146,298
30 Envestnet Portfolio Solutions, Inc. 0.41% of their portfolio BERWYN, PA 2,658,8782.7m $118.1m $118.1m 0.41% Added +517.2k +517,179
31 AlphaCore Capital LLC 2.58% of their portfolio LA JOLLA, CA 2,585,5222.6m $114.8m $114.8m 2.58% Added +1.6m +1,588,557
32 Equitable Holdings, Inc. 0.78% of their portfolio NEW YORK, NY 2,585,4202.6m $114.8m $114.8m 0.78% Added +221.0k +220,957
33 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.07% of their portfolio MILWAUKEE, WI 2,543,4612.5m $113.0m $113.0m 0.07% Added +50.5k +50,489
34 SEI INVESTMENTS CO 0.10% of their portfolio OAKS, PA 2,306,9022.3m $102.4m $102.4m 0.10% Added +11.4k +11,447
35 JNBA Financial Advisors 8.76% of their portfolio BLOOMINGTON, MN 2,257,4472.3m $100.3m $100.3m 8.76% Added +160.9k +160,863
36 GeoWealth Management, LLC 3.65% of their portfolio CHICAGO, IL 2,231,8702.2m $99.1m $99.1m 3.65% Added +84.2k +84,193
37 ASSETMARK, INC 0.20% of their portfolio CONCORD, CA 2,228,6132.2m $99.0m $99.0m 0.20% Added +340.8k +340,752
38 Gradient Investments LLC 1.54% of their portfolio ARDEN HILLS, MN 2,185,9342.2m $97.1m $97.1m 1.54% Added +57.2k +57,231
39 Cetera Investment Advisers 0.10% of their portfolio SCHAUMBURG, IL 2,151,3932.2m $95.5m $95.5m 0.10% Added +145.2k +145,172
40 McNamara Financial Services, Inc. 18.09% of their portfolio MARSHFIELD, MA 2,147,5402.1m $95.4m $95.4m 18.09% Reduced -25.7k -25,653
41 Advocacy Wealth Management, LLC 3.90% of their portfolio ATLANTA, GA 2,099,4322.1m $93.2m $93.2m 3.90% Added +101.5k +101,531
42 AXXCESS WEALTH MANAGEMENT, LLC 1.63% of their portfolio CARLSBAD, CA 2,054,4362.1m $91.2m $91.2m 1.63% Added +35.5k +35,520
43 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.12% of their portfolio PLYMOUTH, MN 2,018,4432.0m $92.0m $92.0m 0.12% Added +162.5k +162,479
44 Private Advisor Group, LLC 0.42% of their portfolio MORRISTOWN, NJ 2,013,0032.0m $89.4m $89.4m 0.42% Reduced -74.2k -74,220
45 Capital Asset Advisory Services LLC 3.63% of their portfolio Williamston, MI 1,982,6062.0m $90.4m $90.4m 3.63% Added +32.0k +32,025
46 AlphaStar Capital Management, LLC 6.42% of their portfolio CORNELIUS, NC 1,969,6822.0m $87.5m $87.5m 6.42% Added +154.8k +154,804
47 TRUIST FINANCIAL CORP 0.11% of their portfolio CHARLOTTE, NC 1,926,8841.9m $85.6m $85.6m 0.11% Added +1.2m +1,239,029
48 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 1,880,7571.9m $83.5m $83.5m 0.01% Added +142.1k +142,097
49 EXCHANGE TRADED CONCEPTS, LLC 0.69% of their portfolio Oklahoma City, OK 1,875,8111.9m $83.3m $83.3m 0.69% Added +184.9k +184,890
50 Savant Capital, LLC 0.47% of their portfolio ROCKFORD, IL 1,875,4821.9m $83.3m $83.3m 0.47% Reduced -79.3k -79,269
51 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 1,836,7571.8m $81.6m $81.6m 0.01% Reduced -1.6m -1,569,671
52 MML INVESTORS SERVICES, LLC 0.20% of their portfolio SPRINGFIELD, MA 1,805,4151.8m $80.2m $80.2m 0.20% Added +120.7k +120,748
53 VICUS CAPITAL 5.98% of their portfolio STATE COLLEGE, PA 1,793,8951.8m $79.7m $79.7m 5.98% Added +525.2k +525,242
54 Schneider Downs Wealth Management Advisors, LP 8.88% of their portfolio Pittsburgh, PA 1,774,0911.8m $78.8m $78.8m 8.88% Added +48.8k +48,826
55 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 1,771,2421.8m $78.7m $78.7m 0.02% Added +150.5k +150,461
56 PARK AVENUE SECURITIES LLC 0.65% of their portfolio NEW YORK, NY 1,731,9701.7m $76.9m $76.9m 0.65% Added +177.4k +177,388
57 CONFLUENCE INVESTMENT MANAGEMENT LLC 1.09% of their portfolio ST. LOUIS, MO 1,637,2821.6m $72.7m $72.7m 1.09% Added +162.9k +162,932
58 Peterson Wealth Advisors, LLC 9.64% of their portfolio Orem, UT 1,627,9051.6m $72.3m $72.3m 9.64% Added +12.6k +12,630
59 HALBERT HARGROVE GLOBAL ADVISORS, LLC 3.38% of their portfolio LONG BEACH, CA 1,588,3351.6m $70.5m $70.5m 3.38% Added +4.5k +4,527
60 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.09% of their portfolio BALA CYNWYD, PA 1,514,6571.5m $67.3m $67.3m 0.09% New
61 HighPoint Advisor Group LLC 1.44% of their portfolio DOWNERS GROVE, IL 1,474,9311.5m $65.5m $65.5m 1.44% New
62 Rockefeller Capital Management L.P. 0.12% of their portfolio NEW YORK, NY 1,460,1491.5m $64.8m $64.8m 0.12% Added +40.4k +40,446
63 Cambridge Investment Research Advisors, Inc. 0.17% of their portfolio FAIRFIELD, IA 1,443,8861.4m $64.1m $64.1m 0.17% Added +59.2k +59,229
64 TRUEFG, LLC 16.51% of their portfolio CEDAR PARK, TX 1,385,2081.4m $61.5m $61.5m 16.51% Reduced -7.5k -7,472
65 Dakota Wealth Management 1.09% of their portfolio PALM BEACH GARDENS, FL 1,381,5481.4m $61.4m $61.4m 1.09% Added +146.9k +146,926
66 Facet Wealth, Inc. 1.10% of their portfolio WEST PALM BEACH, FL 1,316,3761.3m $62.3m $62.3m 1.10% Reduced -80.5k -80,456
67 ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio NASHVILLE, TN 1,290,1421.3m $57.3m $57.3m 0.02% Reduced -581.5k -581,473
68 Wealthcare Advisory Partners LLC 1.11% of their portfolio WEST CHESTER, PA 1,273,8311.3m $56.6m $56.6m 1.11% Added +8.2k +8,196
69 Thrivent Financial for Lutherans 0.10% of their portfolio Minneapolis, MN 1,236,4461.2m $55.0m $55.0m 0.10% Added +1.2m +1,181,078
70 Cerity Partners LLC 0.08% of their portfolio NEW YORK, NY 1,234,1031.2m $54.8m $54.8m 0.08% Added +658.5k +658,516
71 Stratos Wealth Partners, LTD. 0.61% of their portfolio BEACHWOOD, OH 1,211,6251.2m $53.8m $53.8m 0.61% Added +25.2k +25,172
72 CGN Advisors LLC 4.17% of their portfolio MANHATTAN, KS 1,185,8721.2m $52.7m $52.7m 4.17% Added +120.0k +120,035
73 Lifeworks Advisors, LLC 6.56% of their portfolio GRAND RAPIDS, MI 1,140,6371.1m $50.7m $50.7m 6.56% Added +105.4k +105,354
74 Walkner Condon Financial Advisors LLC 6.93% of their portfolio MADISON, WI 1,123,8831.1m $49.9m $49.9m 6.93% Added +269.5k +269,518
75 GREENLEAF TRUST 0.45% of their portfolio KALAMAZOO, MI 1,116,6811.1m $49.6m $49.6m 0.45% Added +1.0m +1,013,336
76 Clearwater Capital Advisors, LLC 4.08% of their portfolio HOFFMAN ESTATES, IL 1,103,1991.1m $49.0m $49.0m 4.08% Reduced -4.8k -4,840
77 Summit Global Investments 2.81% of their portfolio BOUNTIFUL, UT 1,069,0631.1m $47.5m $47.5m 2.81% Added +327.4k +327,436
78 DIVERSIFY WEALTH MANAGEMENT, LLC 2.24% of their portfolio SANDY, UT 1,046,1181.0m $48.0m $48.0m 2.24% Added +253.1k +253,055
79 Global Strategic Investment Solutions, LLC 4.49% of their portfolio Scottsdale, AZ 1,035,3381.0m $46.0m $46.0m 4.49% Reduced -15.9k -15,896
80 Boston Standard Wealth Management, LLC 7.27% of their portfolio WINCHESTER, MA 991,592991.6k $44.0m $44.0m 7.27% Added +11.0k +11,044
81 Global Retirement Partners, LLC 0.77% of their portfolio San Rafael, CA 977,517977.5k $43.4m $43.4m 0.77% Added +44.9k +44,902
82 Brio Consultants, LLC 5.61% of their portfolio SAN FRANCISCO, CA 972,284972.3k $43.2m $43.2m 5.61% Added +33.3k +33,346
83 Integrated Wealth Concepts LLC 0.50% of their portfolio WALTHAM, MA 940,148940.1k $41.8m $41.8m 0.50% Reduced -146.5k -146,533
84 RESTON WEALTH MANAGEMENT LLC 12.61% of their portfolio Reston, VA 928,458928.5k $41.2m $41.2m 12.61% Added +23.9k +23,882
85 Select Equity Group, L.P. 0.19% of their portfolio NEW YORK, NY 907,211907.2k $40.3m $40.3m 0.19% New
86 KWB Wealth 3.78% of their portfolio REDLANDS, CA 899,712899.7k $40.0m $40.0m 3.78% Reduced -58.3k -58,254
87 Ballentine Partners, LLC 0.55% of their portfolio Waltham, MA 886,952887.0k $39.4m $39.4m 0.55% Reduced -14 -14
88 Goodman Financial Corp 6.88% of their portfolio HOUSTON, TX 818,239818.2k $36.3m $36.3m 6.88% Added +11.7k +11,700
89 MAI Capital Management 0.21% of their portfolio INDEPENDENCE, OH 815,024815.0k $36.2m $36.2m 0.21% Added +1.7k +1,723
90 Garrett Wealth Advisory Group, LLC 6.81% of their portfolio WEATHERFORD, TX 811,349811.3k $36.0m $36.0m 6.81% Added +19.2k +19,183
91 Austin Private Wealth, LLC 2.66% of their portfolio Austin, TX 798,373798.4k $35.5m $35.5m 2.66% Added +152.7k +152,669
92 IFP Advisors, Inc 0.79% of their portfolio TAMPA, FL 794,588794.6k $35.3m $35.3m 0.79% Reduced -12.2k -12,209
93 Aptus Capital Advisors, LLC 0.30% of their portfolio FAIRHOPE, AL 788,646788.6k $35.0m $35.0m 0.30% Added +143.2k +143,219
94 ProVise Management Group, LLC 2.49% of their portfolio CLEARWATER, FL 788,304788.3k $35.0m $35.0m 2.49% Added +4.9k +4,895
95 Meeder Advisory Services, Inc. 1.49% of their portfolio DUBLIN, OH 780,026780.0k $34.6m $34.6m 1.49% Reduced -21.4k -21,436
96 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 772,680772.7k $34.3m $34.3m 0.01% Reduced -49.0k -49,025
97 KNIGHTSBRIDGE ASSET MANAGEMENT, LLC 5.46% of their portfolio NEWPORT BEACH, CA 763,025763.0k $33.9m $33.9m 5.46% Added +1.5k +1,524
98 Geneos Wealth Management Inc. 0.82% of their portfolio ENGLEWOOD, CO 755,317755.3k $33.5m $33.5m 0.82% Added +31.9k +31,901
99 Blueprint Investment Partners LLC 3.59% of their portfolio GREENSBORO, NC 754,887754.9k $33.5m $33.5m 3.59% Reduced -39.6k -39,582
100 Compton Financial Group, LLC 7.58% of their portfolio TOWSON, MD 753,891753.9k $33.5m $33.5m 7.58% Added +30.8k +30,837