Vault-13

SPDR SERIES TRUST VLU

SPDR S&P1500VL · ETP · CUSIP 78464A128

105 institutional holders +11 vs Q4 2025
2,026,0542.0m shares reported held*
$435.3mreported value*
14 new 44 added 25 reduced 4 sold out net bought ≈ $35.1m (+163.1k 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. Holder counts are more reliable. Implied quarter-end price ≈ $214.85.

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 47Q4 22: 57Q1 23: 54Q2 23: 54Q3 23: 55Q4 23: 61Q1 24: 65Q2 24: 67Q3 24: 73Q4 24: 81Q1 25: 84Q2 25: 90Q3 25: 92Q4 25: 94Q1 26: 105105Q3 22Q3 23Q3 24Q3 25Q1 26
Numbers
QuarterHolders
Q3 202247
Q4 202257
Q1 202354
Q2 202354
Q3 202355
Q4 202361
Q1 202465
Q2 202467
Q3 202473
Q4 202481
Q1 202584
Q2 202590
Q3 202592
Q4 202594
Q1 2026105

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q2 24: 35 bought or addedQ2 24: 26 cut or sold outQ3 24: 39 bought or addedQ3 24: 28 cut or sold outQ3 24Q4 24: 38 bought or addedQ4 24: 25 cut or sold outQ1 25: 52 bought or addedQ1 25: 21 cut or sold outQ1 25Q2 25: 41 bought or addedQ2 25: 31 cut or sold outQ3 25: 49 bought or addedQ3 25: 34 cut or sold outQ3 25Q4 25: 46 bought or addedQ4 25: 35 cut or sold outQ1 26: 58 bought or addedQ1 26: 29 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20243526
Q3 20243928
Q4 20243825
Q1 20255221
Q2 20254131
Q3 20254934
Q4 20254635
Q1 20265829

Calls vs puts

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

CallsPuts
$0$10m$20m$30m$40mQ2 25 calls: $0Q2 25 puts: $0Q2 25P/C —Q3 25 calls: $0Q3 25 puts: $204.1kQ3 25P/C —Q4 25 calls: $0Q4 25 puts: $38.4mQ4 25P/C —Q1 26 calls: $0Q1 26 puts: $0Q1 26P/C —
Numbers
QuarterCallsPutsP/C
Q2 2025$0$0—
Q3 2025$0$204.1k—
Q4 2025$0$38.4m—
Q1 2026$0$0—

Biggest buyers

Nadler Financial Group, Inc. New +122,270+122.3k
Systelligence, LLC New +58,697+58.7k
AMERIPRISE FINANCIAL INC Added +23,586+23.6k
LPL Financial LLC Added +19,123+19.1k
MORGAN STANLEY Added +17,282+17.3k
Cetera Investment Advisers Added +11,517+11.5k
RFG - Bristol Wealth Advisors, LLC Added +10,695+10.7k
Cambridge Investment Research Advisors, Inc. Added +8,034+8.0k
Independent Advisor Alliance New +7,621+7.6k
SHELTON CAPITAL MANAGEMENT New +7,234+7.2k

Biggest sellers

RAYMOND JAMES FINANCIAL INC Reduced -59,151-59.2k
Thrivent Financial for Lutherans Sold out -30,885-30.9k
ENVESTNET ASSET MANAGEMENT INC Reduced -18,601-18.6k
Stratos Wealth Advisors, LLC Reduced -18,108-18.1k
Hilltop Holdings Inc. Sold out -6,574-6.6k
ROYAL BANK OF CANADA Reduced -6,064-6.1k
JANE STREET GROUP, LLC Sold out -4,225-4.2k
Janney Montgomery Scott LLC Reduced -3,851-3.9k
Smartleaf Asset Management LLC Reduced -3,636-3.6k
Private Advisor Group, LLC Reduced -3,626-3.6k

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 425,715425.7k $91.5m $91.5m 0.02% Added +19.1k +19,123
2 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 143,459143.5k $30.8m $30.8m 0.01% Added +23.6k +23,586
3 Nadler Financial Group, Inc. 2.53% of their portfolio DEERFIELD, IL 122,270122.3k $26.3m $26.3m 2.53% New
4 Cambridge Investment Research Advisors, Inc. 0.06% of their portfolio FAIRFIELD, IA 112,975113.0k $24.3m $24.3m 0.06% Added +8.0k +8,034
5 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 105,896105.9k $22.8m $22.8m 0.01% Reduced -18.6k -18,601
6 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 99,05099.0k $21.3m $21.3m 0.01% Reduced -59.2k -59,151
7 OSAIC HOLDINGS, INC. 0.03% of their portfolio SCOTTSDALE, AZ 97,58797.6k $21.0m $21.0m 0.03% Added +6.0k +6,046
8 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 69,42769.4k $14.9m $14.9m 0.00% Added +2.4k +2,448
9 Systelligence, LLC 2.45% of their portfolio BLOOMINGTON, MN 58,69758.7k $12.6m $12.6m 2.45% New
10 MAI Capital Management 0.07% of their portfolio INDEPENDENCE, OH 57,82457.8k $12.4m $12.4m 0.07% Reduced -978 -978
11 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 55,71655.7k $12.0m $12.0m 0.00% Added +17.3k +17,282
12 RFG - Bristol Wealth Advisors, LLC 3.11% of their portfolio TAUNTON, MA 53,57553.6k $11.5m $11.5m 3.11% Added +10.7k +10,695
13 Compass Financial Services Inc 4.39% of their portfolio WEST DES MOINES, IA 47,15547.2k $10.1m $10.1m 4.39% Reduced -2.0k -2,049
14 ABSOLUTE CAPITAL MANAGEMENT, LLC 3.36% of their portfolio Pittsburgh, PA 47,05047.0k $10.1m $10.1m 3.36% Added +5.7k +5,741
15 Graney & King, LLC 4.21% of their portfolio LATHAM, NY 36,30836.3k $7.8m $7.8m 4.21% Added +1.2k +1,205
16 Stratos Wealth Advisors, LLC 0.43% of their portfolio BEACHWOOD, OH 32,62132.6k $7.0m $7.0m 0.43% Reduced -18.1k -18,108
17 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 30,56130.6k $6.4m $6.4m 0.00% Added +1.6k +1,621
18 ShoreHaven Wealth Partners, LLC 2.25% of their portfolio Red Bank, NJ 29,20129.2k $6.3m $6.3m 2.25% Added +371 +371
19 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 27,28327.3k $5.9m $5.9m 0.01% Added +11.5k +11,517
20 J.W. COLE ADVISORS, INC. 0.18% of their portfolio TAMPA, FL 24,77024.8k $5.3m $5.3m 0.18% Added +1.3k +1,285
21 USAdvisors Wealth Management, LLC 1.58% of their portfolio EDEN PRAIRIE, MN 22,61022.6k $4.8m $4.8m 1.58% Added +575 +575
22 Roger Wittlin Investment Advisory, LLC 3.75% of their portfolio San Francisco, CA 21,34421.3k $4.6m $4.6m 3.75% Reduced -2.6k -2,615
23 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 20,84920.8k $4.5m $4.5m 0.00% Added +323 +323
24 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 15,64015.6k $3.4m $3.4m 0.00% Reduced -6.1k -6,064
25 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 14,35514.4k $3.1m $3.1m 0.01% Reduced -2.4k -2,381
26 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 13,65513.7k $2.9m $2.9m 0.00% Reduced -1.8k -1,794
27 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 11,46211.5k $2.5m $2.5m 0.00% Added +381 +381
28 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 10,54010.5k $2.3m $2.3m 0.01% Reduced -3.9k -3,851
29 MONEY CONCEPTS CAPITAL CORP 0.12% of their portfolio PALM BEACH GARDENS, FL 10,04910.0k $2.2m $2.2m 0.12% Reduced -127 -127
30 THOROUGHBRED FINANCIAL SERVICES, LLC 0.13% of their portfolio BRENTWOOD, TN 9,8879.9k $2.1m $2.1m 0.13% Added +160 +160
31 Stratos Wealth Partners, LTD. 0.02% of their portfolio BEACHWOOD, OH 9,8659.9k $2.1m $2.1m 0.02% Added +436 +436
32 FORONJY FINANCIAL LLC 0.78% of their portfolio Los Osos, CA 8,7598.8k $1.9m $1.9m 0.78% Added +454 +454
33 Merit Financial Group, LLC 0.01% of their portfolio ALPHARETTA, GA 8,6518.7k $1.9m $1.9m 0.01% Added +16 +16
34 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 8,2138.2k $1.8m $1.8m 0.01% Reduced -3.6k -3,626
35 Smartleaf Asset Management LLC 0.06% of their portfolio BOSTON, MA 8,0538.1k $1.7m $1.7m 0.06% Reduced -3.6k -3,636
36 World Investment Advisors 0.03% of their portfolio LINCROFT, NJ 7,9868.0k $1.7m $1.7m 0.03% Reduced -328 -328
37 Independent Advisor Alliance 0.02% of their portfolio CHARLOTTE, NC 7,6217.6k $1.6m $1.6m 0.02% New
38 NewEdge Advisors, LLC 0.01% of their portfolio NEW ORLEANS, LA 7,6157.6k $1.6m $1.6m 0.01% Added +476 +476
39 SHELTON CAPITAL MANAGEMENT 0.03% of their portfolio Denver, CO 7,2347.2k $1.6m $1.6m 0.03% New
40 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 7,1637.2k $1.5m $1.5m 0.00% Reduced -311 -311
41 GTS SECURITIES LLC 0.05% of their portfolio NEW YORK, NY 6,2696.3k $1.3m $1.3m 0.05% New
42 Equitable Holdings, Inc. 0.01% of their portfolio NEW YORK, NY 6,2396.2k $1.3m $1.3m 0.01% Reduced -536 -536
43 CoreCap Advisors, LLC 0.04% of their portfolio SOUTHFIELD, MI 5,6325.6k $1.2m $1.2m 0.04% Added +255 +255
44 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 5,4045.4k $1.2m $1.2m 0.00% Added +2.7k +2,660
45 STEPHENS INC /AR/ 0.01% of their portfolio LITTLE ROCK, AR 5,3565.4k $1.2m $1.2m 0.01% Unchanged
46 Henderson Brothers Financial Partners, LLC 0.27% of their portfolio PITTSBURGH, PA 5,0465.0k $1.1m $1.1m 0.27% First filing
47 GREAT VALLEY ADVISOR GROUP, INC. 0.02% of their portfolio WILMINGTON, DE 4,5484.5k $977.8k $977.8k 0.02% Added +2.4k +2,398
48 Keystone Wealth Services, LLC 0.20% of their portfolio PALM DESERT, CA 4,3904.4k $943.8k $943.8k 0.20% New
49 HighPoint Advisor Group LLC 0.04% of their portfolio DOWNERS GROVE, IL 4,1814.2k $898.8k $898.8k 0.04% Added +119 +119
50 SAXON INTERESTS, INC. 0.27% of their portfolio HOUSTON, TX 3,6663.7k $788.1k $788.1k 0.27% Reduced -12 -12
51 MOR Wealth Management, LLC 0.36% of their portfolio PHILADELPHIA, PA 3,6073.6k $775.4k $775.4k 0.36% Unchanged
52 LEVEL FOUR ADVISORY SERVICES, LLC 0.02% of their portfolio DALLAS, TX 3,5113.5k $754.9k $754.9k 0.02% Added +445 +445
53 Comprehensive Financial Planning, Inc./PA 0.50% of their portfolio EAST PETERSBURG, PA 3,3263.3k $715.1k $715.1k 0.50% Added +14 +14
54 Pathstone Holdings, LLC 0.00% of their portfolio ENGLEWOOD, NJ 3,1333.1k $673.5k $673.5k 0.00% Unchanged
55 Opulen Financial Group LLC 0.45% of their portfolio ARLINGTON, VA 2,9643.0k $637.1k $637.1k 0.45% Added +13 +13
56 Waterloo Capital, L.P. 0.04% of their portfolio AUSTIN, TX 2,8902.9k $621.4k $621.4k 0.04% Reduced -1.9k -1,925
57 Concurrent Investment Advisors, LLC 0.01% of their portfolio Tampa, FL 2,6092.6k $561.0k $561.0k 0.01% Added +2 +2
58 Western Wealth Management, LLC 0.02% of their portfolio GOLDEN, CO 2,5202.5k $541.7k $541.7k 0.02% Reduced -197 -197
59 Elevation Advisory Partners LLC 0.48% of their portfolio ORLANDO, FL 2,3302.3k $509.2k $509.2k 0.48% First filing
60 Wealthcare Advisory Partners LLC 0.01% of their portfolio WEST CHESTER, PA 2,1042.1k $452.3k $452.3k 0.01% Added +103 +103
61 Capital Square, LLC 0.22% of their portfolio ATHENS, TN 2,0792.1k $476.4k $476.4k 0.22% New
62 Ameritas Advisory Services, LLC 0.02% of their portfolio Lincoln, NE 2,0782.1k $446.7k $446.7k 0.02% Added +199 +199
63 Keystone Financial Group 0.03% of their portfolio LEXINGTON, KY 2,0532.1k $441.3k $441.3k 0.03% Added +3 +3
64 BROWN ADVISORY INC 0.00% of their portfolio BALTIMORE, MD 1,8111.8k $389.3k $389.3k 0.00% Unchanged
65 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 1,7991.8k $386.7k $386.7k 0.00% Added +20 +20
66 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 1,7511.8k $376.4k $376.4k 0.00% New
67 Compass Planning Associates Inc 0.24% of their portfolio GREENFIELD, MA 1,7231.7k $370.5k $370.5k 0.24% Added +7 +7
68 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 1,6341.6k $354.1k $354.1k 0.00% Reduced -549 -549
69 Argyle Capital Partners, LLC 0.24% of their portfolio LOS ANGELES, CA 1,5631.6k $336.0k $336.0k 0.24% Reduced -46 -46
70 Aspire Capital Advisors LLC 0.07% of their portfolio SEATTLE, WA 1,4831.5k $318.8k $318.8k 0.07% New
71 Flagship Private Wealth, LLC 0.13% of their portfolio Woburn, MA 1,4541.5k $312.6k $312.6k 0.13% Unchanged
72 COFG Advisors, LLC 0.08% of their portfolio OAK BROOK, IL 1,4401.4k $309.5k $309.5k 0.08% Added +6 +6
73 Avant Capital LLC 0.22% of their portfolio LAFAYETTE, LA 1,4301.4k $307.4k $307.4k 0.22% Added +3 +3
74 Integrity Wealth Partners, LLC 0.27% of their portfolio WALNUT CREEK, CA 1,4001.4k $301.0k $301.0k 0.27% First filing
75 Integrated Wealth Concepts LLC 0.00% of their portfolio WALTHAM, MA 1,3881.4k $298.3k $298.3k 0.00% New
76 PRIVATE TRUST CO NA 0.02% of their portfolio CLEVELAND, OH 1,2431.2k $267.2k $267.2k 0.02% Added +18 +18
77 Dynamic Advisor Solutions LLC 0.01% of their portfolio PHOENIX, AZ 1,1281.1k $242.5k $242.5k 0.01% Reduced -235 -235
78 AdvisorNet Financial, Inc 0.01% of their portfolio MINNETONKA, MN 1,0351.0k $222.5k $222.5k 0.01% Added +825 +825
79 Pacific Sun Financial Corp 0.10% of their portfolio LOS ANGELES, CA 990990 $212.8k $212.8k 0.10% Unchanged
80 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 954954 $205.0k $205.0k 0.00% Added +4 +4
81 Csenge Advisory Group 0.01% of their portfolio CLEARWATER, FL 950950 $204.3k $204.3k 0.01% Reduced -20 -20
82 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 940940 $202.1k $202.1k 0.00% New
83 FMR LLC 0.00% of their portfolio BOSTON, MA 929929 $199.6k $199.6k 0.00% Added +2 +2
84 LANARK FINANCIAL, INC. 0.01% of their portfolio BIRMINGHAM, AL 898898 $193.0k $193.0k 0.01% Reduced -357 -357
85 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 690690 $148.3k $148.3k 0.00% Reduced -86 -86
86 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 319319 $68.6k $68.6k 0.00% Added +135 +135
87 SIGNATUREFD, LLC 0.00% of their portfolio ATLANTA, GA 300300 $64.5k $64.5k 0.00% Added +300 +300
88 BlackRock, Inc. 0.00% of their portfolio New York, NY 296296 $63.6k $63.6k 0.00% Unchanged
89 RAFFA WEALTH MANAGEMENT, LLC 0.01% of their portfolio WASHINGTON, DC 277277 $59.5k $59.5k 0.01% Added +1 +1
90 CREATIVE FINANCIAL DESIGNS INC /ADV 0.00% of their portfolio KOKOMO, IN 210210 $45.1k $45.1k 0.00% Unchanged
91 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 204204 $43.9k $43.9k 0.00% Added +11 +11
92 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 158158 $34.0k $34.0k 0.00% New
93 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 150150 $32.2k $32.2k 0.00% Unchanged
94 Parkside Financial Bank & Trust 0.00% of their portfolio SAINT LOUIS, MO 138138 $29.8k $29.8k 0.00% Unchanged
95 HARBOR INVESTMENT ADVISORY, LLC 0.00% of their portfolio LUTHERVILLE, MD 130130 $27.9k $27.9k 0.00% Unchanged
96 Sound Income Strategies, LLC 0.00% of their portfolio FT LAUDERDALE, FL 114114 $24.7k $24.7k 0.00% Unchanged
97 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.00% of their portfolio Stamford, CT 108108 $23.2k $23.2k 0.00% Unchanged
98 Geneos Wealth Management Inc. 0.00% of their portfolio ENGLEWOOD, CO 9595 $20.4k $20.4k 0.00% Unchanged
99 ELEVATION WEALTH PARTNERS, LLC 0.01% of their portfolio WALNUT CREEK, CA 7575 $16.1k $16.1k 0.01% Unchanged
100 OXFORD FINANCIAL GROUP, LTD. LLC 0.00% of their portfolio INDIANAPOLIS, IN 5757 $12.3k $12.3k 0.00% Unchanged