Vault-13

SPDR SER TR SPBO

PORTFOLIO CRPORT · ETP · CUSIP 78464A144

163 institutional holders +10 vs Q4 2024
47,832,80247.8m shares reported held*
$1.4bnreported value*
27 new 55 added 51 reduced 17 sold out net sold ≈ $76.4m (-2.6m 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 ($1.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $29.01. Options: 1 managers hold calls ($499.3k notional), 1 hold puts ($354.2k).

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 61Q4 22: 82Q1 23: 93Q2 23: 98Q3 23: 107Q4 23: 124Q1 24: 129Q2 24: 134Q3 24: 147Q4 24: 153Q1 25: 163163Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 202261
Q4 202282
Q1 202393
Q2 202398
Q3 2023107
Q4 2023124
Q1 2024129
Q2 2024134
Q3 2024147
Q4 2024153
Q1 2025163

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q2 23: 58 bought or addedQ2 23: 36 cut or sold outQ3 23: 66 bought or addedQ3 23: 40 cut or sold outQ3 23Q4 23: 79 bought or addedQ4 23: 43 cut or sold outQ1 24: 84 bought or addedQ1 24: 57 cut or sold outQ1 24Q2 24: 70 bought or addedQ2 24: 67 cut or sold outQ3 24: 90 bought or addedQ3 24: 49 cut or sold outQ3 24Q4 24: 86 bought or addedQ4 24: 58 cut or sold outQ1 25: 82 bought or addedQ1 25: 68 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 20235836
Q3 20236640
Q4 20237943
Q1 20248457
Q2 20247067
Q3 20249049
Q4 20248658
Q1 20258268

Calls vs puts

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

CallsPuts
$0$200k$400k$600kQ2 24 calls: $43.0kQ2 24 puts: $206.6kQ2 24P/C 4.80Q3 24 calls: $27.0kQ3 24 puts: $3.0kQ3 24P/C 0.11Q4 24 calls: $575.7kQ4 24 puts: $0Q4 24P/C 0.00Q1 25 calls: $499.3kQ1 25 puts: $354.2kQ1 25P/C 0.71
Numbers
QuarterCallsPutsP/C
Q2 2024$43.0k$206.6k4.80
Q3 2024$27.0k$3.0k0.11
Q4 2024$575.7k$00.00
Q1 2025$499.3k$354.2k0.71

Biggest buyers

AMERIPRISE FINANCIAL INC Added +5,346,892+5.3m
Geneos Wealth Management Inc. Added +857,001+857.0k
Advisor Resource Council New +505,467+505.5k
Summit Financial Wealth Advisors, LLC Added +273,868+273.9k
BANK OF AMERICA CORP /DE/ Added +181,522+181.5k
FLOW TRADERS U.S. LLC New +170,091+170.1k
Sterling Manor Financial, LLC Added +158,287+158.3k
Procyon Advisors, LLC Added +140,765+140.8k
Gerber Kawasaki Wealth & Investment Management Added +126,502+126.5k
WELLS FARGO & COMPANY/MN Added +113,752+113.8k

Biggest sellers

RWA WEALTH PARTNERS, LLC Reduced -6,176,449-6.2m
NEPC LLC Reduced -3,315,216-3.3m
LPL Financial LLC Reduced -594,600-594.6k
Private Advisor Group, LLC Reduced -582,646-582.6k
RAYMOND JAMES FINANCIAL INC Reduced -172,715-172.7k
JANE STREET GROUP, LLC Sold out -162,762-162.8k
CX Institutional Reduced -103,594-103.6k
ST GERMAIN D J CO INC Reduced -97,902-97.9k
RFG Advisory, LLC Reduced -68,297-68.3k
Independent Advisor Alliance Sold out -50,228-50.2k

Biggest calls

CITADEL ADVISORS LLC Reduced $499.3k17.2k shares

Biggest puts

CITADEL ADVISORS LLC New $354.2k12.2k 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, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 RWA WEALTH PARTNERS, LLC 2.78% of their portfolio BOSTON, MA 7,601,7857.6m $220.7m $220.7m 2.78% Reduced -6.2m -6,176,449
2 AMERIPRISE FINANCIAL INC 0.05% of their portfolio MINNEAPOLIS, MN 6,552,1856.6m $190.2m $190.2m 0.05% Added +5.3m +5,346,892
3 NEPC LLC 2.53% of their portfolio Boston, MA 3,144,3133.1m $91.3m $91.3m 2.53% Reduced -3.3m -3,315,216
4 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 3,020,4303.0m $87.7m $87.7m 0.03% Reduced -594.6k -594,600
5 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 2,630,7132.6m $76.4m $76.4m 0.01% Added +181.5k +181,522
6 ST GERMAIN D J CO INC 3.17% of their portfolio SPRINGFIELD, MA 2,321,6652.3m $67.4m $67.4m 3.17% Reduced -97.9k -97,902
7 CX Institutional 1.83% of their portfolio AUBURN, IN 1,673,2351.7m $48.6m $48.6m 1.83% Reduced -103.6k -103,594
8 AE Wealth Management LLC 0.37% of their portfolio TOPEKA, KS 1,523,3931.5m $44.2m $44.2m 0.37% Added +82.7k +82,718
9 Procyon Advisors, LLC 2.43% of their portfolio SHELTON, CT 1,375,4041.4m $39.9m $39.9m 2.43% Added +140.8k +140,765
10 Gerber Kawasaki Wealth & Investment Management 1.73% of their portfolio SANTA MONICA, CA 1,326,5961.3m $38.5m $38.5m 1.73% Added +126.5k +126,502
11 ASSETMARK, INC 0.11% of their portfolio CONCORD, CA 1,316,9231.3m $38.2m $38.2m 0.11% Added +32.3k +32,266
12 Geneos Wealth Management Inc. 0.52% of their portfolio ENGLEWOOD, CO 1,234,8551.2m $35.8m $35.8m 0.52% Added +857.0k +857,001
13 CW Advisors, LLC 0.40% of their portfolio BOSTON, MA 1,140,8311.1m $33.1m $33.1m 0.40% Reduced -4.3k -4,341
14 CoreCap Advisors, LLC 1.24% of their portfolio SOUTHFIELD, MI 966,820966.8k $28.1m $28.1m 1.24% Added +66.6k +66,583
15 Summit Financial Wealth Advisors, LLC 4.23% of their portfolio Lafayette, LA 733,807733.8k $21.3m $21.3m 4.23% Added +273.9k +273,868
16 Flaharty Asset Management, LLC 2.80% of their portfolio CLEARWATER, FL 668,757668.8k $19.4m $19.4m 2.80% Added +67.8k +67,808
17 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 600,008600.0k $17.4m $17.4m 0.00% Added +61.8k +61,787
18 Good Life Advisors, LLC 1.22% of their portfolio READING, PA 595,340595.3k $17.3m $17.3m 1.22% Reduced -36.8k -36,760
19 Sterling Manor Financial, LLC 10.61% of their portfolio Saratoga Springs, NY 511,705511.7k $14.9m $14.9m 10.61% Added +158.3k +158,287
20 ARKANSAS FINANCIAL GROUP, INC. 2.47% of their portfolio LITTLE ROCK, AR 507,662507.7k $14.3m $14.3m 2.47% Added +44.8k +44,797
21 Advisor Resource Council 1.16% of their portfolio DALLAS, TX 505,467505.5k $14.3m $14.3m 1.16% New
22 Financial Engines Advisors L.L.C. 0.03% of their portfolio SANTA CLARA, CA 477,260477.3k $13.9m $13.9m 0.03% Reduced -44.9k -44,895
23 MML INVESTORS SERVICES, LLC 0.04% of their portfolio SPRINGFIELD, MA 375,168375.2k $10.9m $10.9m 0.04% Added +465 +465
24 Financial Gravity Asset Management, Inc. 2.22% of their portfolio Lakeway, TX 350,334350.3k $10.2m $10.2m 2.22% First filing
25 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 294,820294.8k $8.6m $8.6m 0.02% Unchanged
26 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 293,050293.1k $8.5m $8.5m 0.01% Added +89.6k +89,633
27 Enstar Group LTD 3.03% of their portfolio Hamilton, D0 276,400276.4k $8.0m $8.0m 3.03% Unchanged
28 CWM, LLC 0.03% of their portfolio OMAHA, NE 271,031271.0k $7.9m $7.9m 0.03% Reduced -9.2k -9,188
29 FLAGSHIP HARBOR ADVISORS, LLC 0.40% of their portfolio BOSTON, MA 262,306262.3k $7.6m $7.6m 0.40% Added +35.7k +35,708
30 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 259,577259.6k $7.5m $7.5m 0.00% Added +13.0k +13,005
31 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 246,315246.3k $7.2m $7.2m 0.00% Added +113.8k +113,752
32 Mariner, LLC 0.01% of their portfolio Overland Park, KS 239,910239.9k $7.0m $7.0m 0.01% Added +107.2k +107,197
33 Jefferies Financial Group Inc. 0.10% of their portfolio NEW YORK, NY 200,100200.1k $5.8m $5.8m 0.10% Added +10.1k +10,100
34 Private Advisor Group, LLC 0.03% of their portfolio MORRISTOWN, NJ 197,064197.1k $5.7m $5.7m 0.03% Reduced -582.6k -582,646
35 BIRMINGHAM CAPITAL MANAGEMENT CO INC/AL 2.05% of their portfolio BIRMINGHAM, AL 188,000188.0k $5.5m $5.5m 2.05% Unchanged
36 Melone Private Wealth, LLC 2.70% of their portfolio AUBURN HILLS, MI 177,560177.6k $5.2m $5.2m 2.70% Added +1.2k +1,243
37 FLOW TRADERS U.S. LLC 0.21% of their portfolio NEW YORK, NY 170,091170.1k $4.9m $4.9m 0.21% New
38 ZACKS INVESTMENT MANAGEMENT 0.05% of their portfolio Chicago, IL 167,744167.7k $4.9m $4.9m 0.05% Added +290 +290
39 5th Street Advisors, LLC 2.24% of their portfolio Southport, CT 159,781159.8k $4.6m $4.6m 2.24% Added +39.1k +39,146
40 Breakwater Capital Group 0.74% of their portfolio PARAMUS, NJ 143,212143.2k $4.2m $4.2m 0.74% Added +22.2k +22,234
41 Tidemark, LLC 1.31% of their portfolio SAN DIEGO, CA 123,268123.3k $3.6m $3.6m 1.31% Added +19.2k +19,180
42 Valmark Advisers, Inc. 0.05% of their portfolio AKRON, OH 122,147122.1k $3.5m $3.5m 0.05% Reduced -6.8k -6,808
43 Jacobi Capital Management LLC 0.26% of their portfolio PITTSTON, PA 121,770121.8k $3.5m $3.5m 0.26% Added +6.6k +6,558
44 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 113,977114.0k $3.3m $3.3m 0.00% Added +757 +757
45 Eldridge Investment Advisors, Inc. 0.70% of their portfolio MANCHESTER, NH 104,670104.7k $3.0m $3.0m 0.70% Reduced -7.7k -7,676
46 Financial Advocates Investment Management 0.20% of their portfolio OLYMPIA, WA 98,58898.6k $2.9m $2.9m 0.20% Added +58.2k +58,164
47 IHT Wealth Management, LLC 0.09% of their portfolio Chicago, IL 97,62497.6k $2.8m $2.8m 0.09% New
48 TOUNJIAN ADVISORY PARTNERS, LLC 0.45% of their portfolio FORT MYERS, FL 83,09283.1k $2.4m $2.4m 0.45% First filing
49 OLD MISSION CAPITAL LLC 0.04% of their portfolio CHICAGO, IL 70,99671.0k $2.1m $2.1m 0.04% New
50 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 70,47670.5k $2.0m $2.0m 0.00% Reduced -4.4k -4,405
51 AVANTAX ADVISORY SERVICES, INC. 0.01% of their portfolio DALLAS, TX 70,07970.1k $2.0m $2.0m 0.01% Reduced -1.2k -1,228
52 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.02% of their portfolio Stamford, CT 69,46569.5k $2.0m $2.0m 0.02% New
53 Tradewinds Capital Management, LLC 0.51% of their portfolio BELLINGHAM, WA 65,99366.0k $1.9m $1.9m 0.51% Reduced -17.3k -17,294
54 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 62,34562.3k $1.8m $1.8m 0.00% Added +1.4k +1,438
55 TRANSATLANTIQUE PRIVATE WEALTH LLC 0.70% of their portfolio NEW YORK, NY 60,79460.8k $1.8m $1.8m 0.70% Added +5.4k +5,365
56 Optas, LLC 0.30% of their portfolio DRIPPING SPRINGS, TX 60,18360.2k $1.7m $1.7m 0.30% Reduced -4.7k -4,706
57 Foundations Investment Advisors, LLC 0.03% of their portfolio PHOENIX, AZ 59,48859.5k $1.7m $1.7m 0.03% Added +5.6k +5,626
58 Savant Capital, LLC 0.01% of their portfolio ROCKFORD, IL 59,42659.4k $1.7m $1.7m 0.01% Reduced -8.3k -8,320
59 David Kennon Inc 0.69% of their portfolio SARASOTA, FL 59,39459.4k $1.7m $1.7m 0.69% Reduced -746 -746
60 Transamerica Financial Advisors, LLC 0.17% of their portfolio CEDAR RAPIDS, IA 56,47256.5k $1.6m $1.6m 0.17% Reduced -2.5k -2,543
61 COBBLESTONE CAPITAL ADVISORS LLC /NY/ 0.09% of their portfolio ROCHESTER, NY 55,89055.9k $1.6m $1.6m 0.09% Reduced -2.2k -2,215
62 Elevated Capital Advisors, LLC 0.44% of their portfolio SANDY, UT 54,28754.3k $1.6m $1.6m 0.44% Reduced -7.4k -7,434
63 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 51,98952.0k $1.5m $1.5m 0.00% Added +1.1k +1,098
64 Ascentis Independent Advisors 0.29% of their portfolio DALLAS, TX 51,28851.3k $1.5m $1.5m 0.29% Reduced -12.2k -12,181
65 Ameritas Advisory Services, LLC 0.06% of their portfolio Lincoln, NE 50,87650.9k $1.5m $1.5m 0.06% Added +8.8k +8,785
66 Kathleen S. Wright Associates Inc. 0.56% of their portfolio PITTSBURGH, PA 46,26746.3k $1.3m $1.3m 0.56% Reduced -4.2k -4,245
67 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 44,96545.0k $1.3m $1.3m 0.00% New
68 ShoreHaven Wealth Partners, LLC 0.62% of their portfolio Red Bank, NJ 44,78244.8k $1.3m $1.3m 0.62% Added +218 +218
69 World Investment Advisors 0.03% of their portfolio LINCROFT, NJ 44,25244.3k $1.3m $1.3m 0.03% Reduced -2.4k -2,402
70 Quadrant Private Wealth Management, LLC 0.31% of their portfolio Center Valley, PA 42,76342.8k $1.2m $1.2m 0.31% Added +5.1k +5,096
71 RITHOLTZ WEALTH MANAGEMENT 0.04% of their portfolio NEW YORK, NY 40,89940.9k $1.2m $1.2m 0.04% New
72 KWB Wealth 0.14% of their portfolio REDLANDS, CA 39,78339.8k $1.1m $1.1m 0.14% Reduced -18.5k -18,487
73 Keystone Wealth Services, LLC 0.30% of their portfolio PALM DESERT, CA 38,62038.6k $1.1m $1.1m 0.30% Reduced -21.6k -21,638
74 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 37,14237.1k $1.1m $1.1m 0.00% Added +944 +944
75 Center For Asset Management LLC 0.64% of their portfolio PALM BEACH GARDENS, FL 36,15736.2k $1.0m $1.0m 0.64% Added +16.6k +16,628
76 CreativeOne Wealth, LLC 0.03% of their portfolio OVERLAND PARK, KS 34,92134.9k $1.0m $1.0m 0.03% Reduced -4.3k -4,279
77 Strategic Investment Advisors / MI 0.11% of their portfolio FARMINGTON HILLS, MI 34,68734.7k $1.0m $1.0m 0.11% Reduced -680 -680
78 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 34,35934.4k $997.4k $997.4k 0.00% Reduced -172.7k -172,715
79 Mach-1 Financial Group, LLC 0.30% of their portfolio Rogers, AR 33,92833.9k $984.9k $984.9k 0.30% New
80 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 31,82231.8k $923.8k $923.8k 0.00% Unchanged
81 Florida Trust Wealth Management Co 0.03% of their portfolio SANIBEL, FL 30,00030.0k $870.9k $870.9k 0.03% Unchanged
82 LEVEL FOUR ADVISORY SERVICES, LLC 0.03% of their portfolio DALLAS, TX 26,91926.9k $781.5k $781.5k 0.03% Added +4.5k +4,487
83 Donald L. Hagan, LLC 0.39% of their portfolio Sarasota, FL 26,02026.0k $755.4k $755.4k 0.39% Reduced -1.4k -1,380
84 National Wealth Management Group, LLC 0.49% of their portfolio CINCINNATI, OH 25,90725.9k $752.1k $752.1k 0.49% Added +5.4k +5,373
85 Merit Financial Group, LLC 0.01% of their portfolio ALPHARETTA, GA 24,73324.7k $718.0k $718.0k 0.01% Reduced -14.4k -14,397
86 Compound Planning, Inc. 0.03% of their portfolio NEW YORK, NY 22,00422.0k $638.8k $638.8k 0.03% New
87 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 21,79521.8k $632.7k $632.7k 0.00% Added +1.4k +1,422
88 INVENIO WEALTH PARTNERS LLC 0.26% of their portfolio CORAL GABLES, FL 21,37721.4k $620.6k $620.6k 0.26% Unchanged
89 Sanctuary Advisors, LLC 0.00% of their portfolio INDIANAPOLIS, IN 20,98821.0k $609.3k $609.3k 0.00% Reduced -3.8k -3,814
90 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 20,11320.1k $583.9k $583.9k 0.00% Reduced -364 -364
91 Laraway Financial Advisors Inc 0.46% of their portfolio SAINT CLOUD, MN 20,04720.0k $582.0k $582.0k 0.46% Reduced -87 -87
92 RFG Advisory, LLC 0.02% of their portfolio BIRMINGHAM, AL 19,62819.6k $569.8k $569.8k 0.02% Reduced -68.3k -68,297
93 Farther Finance Advisors, LLC 0.01% of their portfolio SAN FRANCISCO, CA 17,65017.6k $511.5k $511.5k 0.01% Added +2.5k +2,506
94 Alesco Advisors, LLC, An ESL Co 0.02% of their portfolio Pittsford, NY 17,58517.6k $510.5k $510.5k 0.02% New
95 Prestige Wealth Management Group LLC 0.11% of their portfolio FLEMINGTON, NJ 17,20817.2k $499.5k $499.5k 0.11% Unchanged
96 Ascent Group, LLC 0.02% of their portfolio VIRGINIA BEACH, VA 17,17117.2k $498.5k $498.5k 0.02% Added +5.4k +5,403
97 MJT & Associates Financial Advisory Group, Inc. 0.46% of their portfolio MONTEVIDEO, MN 16,32716.3k $474.0k $474.0k 0.46% First filing
98 GREAT VALLEY ADVISOR GROUP, INC. 0.01% of their portfolio WILMINGTON, DE 14,96215.0k $434.4k $434.4k 0.01% Reduced -3.7k -3,686
99 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 14,85414.9k $431.2k $431.2k 0.00% Reduced -18.5k -18,517
100 Detalus Advisors, LLC 0.13% of their portfolio ST. LOUIS, MO 14,28214.3k $414.6k $414.6k 0.13% Added +856 +856