Vault-13

SPDR SER TR SPBO

PORTFOLIO CRPORT · ETP · CUSIP 78464A144

156 institutional holders -7 vs Q1 2025
40,786,62440.8m shares reported held*
$1.2bnreported value*
11 new 56 added 62 reduced 20 sold out net sold ≈ $207.1m (-7.1m 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 ($898.7k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $29.22. Options: 1 managers hold calls ($265.9k notional), 0 hold puts (—).

Trends to Q2 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: 163Q2 25: 156156Q3 22Q2 23Q1 24Q4 24Q2 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
Q2 2025156

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 23: 66 bought or addedQ3 23: 40 cut or sold outQ4 23: 79 bought or addedQ4 23: 43 cut or sold outQ4 23Q1 24: 84 bought or addedQ1 24: 57 cut or sold outQ2 24: 70 bought or addedQ2 24: 67 cut or sold outQ2 24Q3 24: 90 bought or addedQ3 24: 49 cut or sold outQ4 24: 86 bought or addedQ4 24: 58 cut or sold outQ4 24Q1 25: 82 bought or addedQ1 25: 68 cut or sold outQ2 25: 67 bought or addedQ2 25: 82 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20236640
Q4 20237943
Q1 20248457
Q2 20247067
Q3 20249049
Q4 20248658
Q1 20258268
Q2 20256782

Calls vs puts

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

CallsPuts
$0$200k$400k$600kQ3 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 0.71Q2 25 calls: $265.9kQ2 25 puts: $0Q2 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2024$27.0k$3.0k0.11
Q4 2024$575.7k$00.00
Q1 2025$499.3k$354.2k0.71
Q2 2025$265.9k$00.00

Biggest buyers

EXCHANGE TRADED CONCEPTS, LLC New +1,494,916+1.5m
MORGAN STANLEY Added +531,816+531.8k
ROYAL BANK OF CANADA Added +244,635+244.6k
OSAIC HOLDINGS, INC. Added +112,940+112.9k
Valmark Advisers, Inc. Added +86,009+86.0k
AE Wealth Management LLC Added +81,588+81.6k
FLAGSHIP HARBOR ADVISORS, LLC Added +76,740+76.7k
BANK OF AMERICA CORP /DE/ Added +71,447+71.4k
Good Life Advisors, LLC Added +68,894+68.9k
Summit Financial Wealth Advisors, LLC Added +61,264+61.3k

Biggest sellers

RWA WEALTH PARTNERS, LLC Reduced -6,202,147-6.2m
CoreCap Advisors, LLC Reduced -954,252-954.3k
NEPC LLC Reduced -589,473-589.5k
Advisor Resource Council Reduced -493,366-493.4k
Geneos Wealth Management Inc. Reduced -330,750-330.8k
Thrivent Financial for Lutherans Sold out -294,820-294.8k
CITADEL ADVISORS LLC Sold out -293,050-293.1k
LPL Financial LLC Reduced -241,750-241.8k
AMERIPRISE FINANCIAL INC Reduced -201,834-201.8k
FLOW TRADERS U.S. LLC Sold out -170,091-170.1k

Biggest calls

CITADEL ADVISORS LLC Reduced $265.9k9.1k shares

Biggest puts

None

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, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 AMERIPRISE FINANCIAL INC 0.05% of their portfolio MINNEAPOLIS, MN 6,350,3516.4m $185.6m $185.6m 0.05% Reduced -201.8k -201,834
2 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 2,778,6802.8m $81.2m $81.2m 0.03% Reduced -241.8k -241,750
3 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 2,702,1602.7m $79.0m $79.0m 0.01% Added +71.4k +71,447
4 NEPC LLC 1.89% of their portfolio Boston, MA 2,554,8402.6m $74.7m $74.7m 1.89% Reduced -589.5k -589,473
5 ST GERMAIN D J CO INC 2.90% of their portfolio SPRINGFIELD, MA 2,300,4662.3m $67.2m $67.2m 2.90% Reduced -21.2k -21,199
6 CX Institutional 1.71% of their portfolio AUBURN, IN 1,678,5221.7m $49.0m $49.0m 1.71% Added +5.3k +5,287
7 AE Wealth Management LLC 0.34% of their portfolio TOPEKA, KS 1,604,9811.6m $46.9m $46.9m 0.34% Added +81.6k +81,588
8 EXCHANGE TRADED CONCEPTS, LLC 0.56% of their portfolio Oklahoma City, OK 1,494,9161.5m $43.7m $43.7m 0.56% New
9 RWA WEALTH PARTNERS, LLC 0.51% of their portfolio BOSTON, MA 1,399,6381.4m $40.9m $40.9m 0.51% Reduced -6.2m -6,202,147
10 Procyon Advisors, LLC 3.73% of their portfolio SHELTON, CT 1,349,2761.3m $39.4m $39.4m 3.73% Reduced -26.1k -26,128
11 Gerber Kawasaki Wealth & Investment Management 1.51% of their portfolio SANTA MONICA, CA 1,340,9031.3m $39.2m $39.2m 1.51% Added +14.3k +14,307
12 ASSETMARK, INC 0.09% of their portfolio CONCORD, CA 1,335,0231.3m $39.0m $39.0m 0.09% Added +18.1k +18,100
13 CW Advisors, LLC 0.33% of their portfolio BOSTON, MA 1,179,9001.2m $34.5m $34.5m 0.33% Added +39.1k +39,069
14 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,131,8241.1m $33.1m $33.1m 0.00% Added +531.8k +531,816
15 Geneos Wealth Management Inc. 0.65% of their portfolio ENGLEWOOD, CO 904,105904.1k $26.4m $26.4m 0.65% Reduced -330.8k -330,750
16 Summit Financial Wealth Advisors, LLC 4.17% of their portfolio Lafayette, LA 795,071795.1k $23.2m $23.2m 4.17% Added +61.3k +61,264
17 Flaharty Asset Management, LLC 2.75% of their portfolio CLEARWATER, FL 688,120688.1k $20.1m $20.1m 2.75% Added +19.4k +19,363
18 Good Life Advisors, LLC 1.21% of their portfolio READING, PA 664,234664.2k $19.4m $19.4m 1.21% Added +68.9k +68,894
19 ARKANSAS FINANCIAL GROUP, INC. 2.50% of their portfolio LITTLE ROCK, AR 550,623550.6k $16.1m $16.1m 2.50% Added +43.0k +42,961
20 Sterling Manor Financial, LLC 10.50% of their portfolio Saratoga Springs, NY 538,925538.9k $15.7m $15.7m 10.50% Added +27.2k +27,220
21 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 504,212504.2k $14.7m $14.7m 0.00% Added +244.6k +244,635
22 Financial Engines Advisors L.L.C. 0.03% of their portfolio SANTA CLARA, CA 483,093483.1k $14.1m $14.1m 0.03% Added +5.8k +5,833
23 Financial Gravity Companies, Inc. 2.15% of their portfolio Lakeway, TX 374,959375.0k $11.0m $11.0m 2.15% First filing
24 MML INVESTORS SERVICES, LLC 0.03% of their portfolio SPRINGFIELD, MA 372,636372.6k $10.9m $10.9m 0.03% Reduced -2.5k -2,532
25 FLAGSHIP HARBOR ADVISORS, LLC 0.47% of their portfolio BOSTON, MA 339,046339.0k $9.9m $9.9m 0.47% Added +76.7k +76,740
26 CWM, LLC 0.03% of their portfolio OMAHA, NE 294,861294.9k $8.6m $8.6m 0.03% Added +23.8k +23,830
27 Enstar Group LTD 2.97% of their portfolio Hamilton, D0 276,400276.4k $8.1m $8.1m 2.97% Unchanged
28 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 255,152255.2k $7.5m $7.5m 0.00% Added +8.8k +8,837
29 Mariner, LLC 0.01% of their portfolio Overland Park, KS 248,083248.1k $7.2m $7.2m 0.01% Added +8.2k +8,173
30 Valmark Advisers, Inc. 0.08% of their portfolio AKRON, OH 208,156208.2k $6.1m $6.1m 0.08% Added +86.0k +86,009
31 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 183,416183.4k $5.3m $5.3m 0.01% Added +112.9k +112,940
32 Melone Private Wealth, LLC 2.67% of their portfolio AUBURN HILLS, MI 179,257179.3k $5.2m $5.2m 2.67% Added +1.7k +1,697
33 Jefferies Financial Group Inc. 0.08% of their portfolio NEW YORK, NY 159,815159.8k $4.7m $4.7m 0.08% Reduced -40.3k -40,285
34 5th Street Advisors, LLC 2.16% of their portfolio Southport, CT 149,109149.1k $4.4m $4.4m 2.16% Reduced -10.7k -10,672
35 BIRMINGHAM CAPITAL MANAGEMENT CO INC/AL 1.91% of their portfolio BIRMINGHAM, AL 147,500147.5k $4.3m $4.3m 1.91% Reduced -40.5k -40,500
36 Jacobi Capital Management LLC 0.27% of their portfolio PITTSTON, PA 140,899140.9k $4.1m $4.1m 0.27% Added +19.1k +19,129
37 Private Advisor Group, LLC 0.02% of their portfolio MORRISTOWN, NJ 139,377139.4k $4.1m $4.1m 0.02% Reduced -57.7k -57,687
38 Tidemark, LLC 1.20% of their portfolio SAN DIEGO, CA 127,541127.5k $3.7m $3.7m 1.20% Added +4.3k +4,273
39 Breakwater Capital Group 0.60% of their portfolio PARAMUS, NJ 125,290125.3k $3.7m $3.7m 0.60% Reduced -17.9k -17,922
40 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.02% of their portfolio Stamford, CT 113,438113.4k $3.3m $3.3m 0.02% Added +44.0k +43,973
41 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 112,647112.6k $3.3m $3.3m 0.00% Reduced -1.3k -1,330
42 OLD MISSION CAPITAL LLC 0.09% of their portfolio CHICAGO, IL 112,499112.5k $3.3m $3.3m 0.09% Added +41.5k +41,503
43 Foundations Investment Advisors, LLC 0.05% of their portfolio PHOENIX, AZ 109,347109.3k $3.2m $3.2m 0.05% Added +49.9k +49,859
44 IHT Wealth Management, LLC 0.09% of their portfolio Chicago, IL 106,160106.2k $3.1m $3.1m 0.09% Added +8.5k +8,536
45 Financial Advocates Investment Management 0.24% of their portfolio OLYMPIA, WA 98,88598.9k $2.9m $2.9m 0.24% Added +297 +297
46 ZACKS INVESTMENT MANAGEMENT 0.02% of their portfolio Chicago, IL 88,02488.0k $2.6m $2.6m 0.02% Reduced -79.7k -79,720
47 TOUNJIAN ADVISORY PARTNERS, LLC 0.47% of their portfolio FORT MYERS, FL 82,74082.7k $2.4m $2.4m 0.47% Reduced -352 -352
48 RITHOLTZ WEALTH MANAGEMENT 0.05% of their portfolio NEW YORK, NY 78,14178.1k $2.3m $2.3m 0.05% Added +37.2k +37,242
49 Tradewinds Capital Management, LLC 0.57% of their portfolio BELLINGHAM, WA 77,75577.8k $2.3m $2.3m 0.57% Added +11.8k +11,762
50 AVANTAX ADVISORY SERVICES, INC. 0.01% of their portfolio DALLAS, TX 68,61568.6k $2.0m $2.0m 0.01% Reduced -1.5k -1,464
51 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 67,54267.5k $2.0m $2.0m 0.00% Added +5.2k +5,197
52 TRANSATLANTIQUE PRIVATE WEALTH LLC 0.67% of their portfolio NEW YORK, NY 62,56062.6k $1.8m $1.8m 0.67% Added +1.8k +1,766
53 COBBLESTONE CAPITAL ADVISORS LLC /NY/ 0.09% of their portfolio ROCHESTER, NY 61,25061.2k $1.8m $1.8m 0.09% Added +5.4k +5,360
54 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 60,92860.9k $1.8m $1.8m 0.00% Added +8.9k +8,939
55 David Kennon Inc 0.64% of their portfolio SARASOTA, FL 58,46758.5k $1.7m $1.7m 0.64% Reduced -927 -927
56 Optas, LLC 0.32% of their portfolio DRIPPING SPRINGS, TX 57,00257.0k $1.7m $1.7m 0.32% Reduced -3.2k -3,181
57 Transamerica Financial Advisors, LLC 0.15% of their portfolio CEDAR RAPIDS, IA 55,47855.5k $1.6m $1.6m 0.15% Reduced -994 -994
58 Elevated Capital Advisors, LLC 0.44% of their portfolio SANDY, UT 54,28754.3k $1.6m $1.6m 0.44% Unchanged
59 Ameritas Advisory Services, LLC 0.08% of their portfolio Lincoln, NE 53,65253.7k $1.6m $1.6m 0.08% Added +2.8k +2,776
60 Savant Capital, LLC 0.01% of their portfolio ROCKFORD, IL 48,08848.1k $1.4m $1.4m 0.01% Reduced -11.3k -11,338
61 ShoreHaven Wealth Partners, LLC 0.55% of their portfolio Red Bank, NJ 45,69445.7k $1.3m $1.3m 0.55% Added +912 +912
62 Kathleen S. Wright Associates Inc. 0.51% of their portfolio PITTSBURGH, PA 44,78644.8k $1.3m $1.3m 0.51% Reduced -1.5k -1,481
63 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 43,13643.1k $1.3m $1.3m 0.00% Added +6.0k +5,994
64 World Investment Advisors 0.03% of their portfolio LINCROFT, NJ 40,00540.0k $1.2m $1.2m 0.03% Reduced -4.2k -4,247
65 Quadrant Private Wealth Management, LLC 0.22% of their portfolio Center Valley, PA 36,65636.7k $1.1m $1.1m 0.22% Reduced -6.1k -6,107
66 Alesco Advisors, LLC, An ESL Co 0.03% of their portfolio Pittsford, NY 36,64536.6k $1.1m $1.1m 0.03% Added +19.1k +19,060
67 Keystone Wealth Services, LLC 0.24% of their portfolio PALM DESERT, CA 34,08534.1k $996.0k $996.0k 0.24% Reduced -4.5k -4,535
68 Strategic Investment Advisors / MI 0.09% of their portfolio FARMINGTON HILLS, MI 32,99033.0k $962.1k $962.1k 0.09% Reduced -1.7k -1,697
69 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 31,82231.8k $929.8k $929.8k 0.00% Unchanged
70 LEVEL FOUR ADVISORY SERVICES, LLC 0.03% of their portfolio DALLAS, TX 31,27531.3k $913.9k $913.9k 0.03% Added +4.4k +4,356
71 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 30,39830.4k $888.2k $888.2k 0.00% New
72 Florida Trust Wealth Management Co 0.03% of their portfolio SANIBEL, FL 30,00030.0k $876.6k $876.6k 0.03% Unchanged
73 CreativeOne Wealth, LLC 0.02% of their portfolio OVERLAND PARK, KS 26,76526.8k $782.1k $782.1k 0.02% Reduced -8.2k -8,156
74 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 26,56226.6k $776.1k $776.1k 0.00% Reduced -7.8k -7,797
75 National Wealth Management Group, LLC 0.43% of their portfolio CINCINNATI, OH 26,55126.6k $775.8k $775.8k 0.43% Added +644 +644
76 Compound Planning, Inc. 0.03% of their portfolio NEW YORK, NY 26,33826.3k $769.6k $769.6k 0.03% Added +4.3k +4,334
77 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 25,99026.0k $759.5k $759.5k 0.00% Added +13.0k +12,995
78 Merit Financial Group, LLC 0.01% of their portfolio ALPHARETTA, GA 23,16623.2k $676.9k $676.9k 0.01% Reduced -1.6k -1,567
79 Donald L. Hagan, LLC 0.31% of their portfolio Sarasota, FL 21,50321.5k $628.3k $628.3k 0.31% Reduced -4.5k -4,517
80 INVENIO WEALTH PARTNERS LLC 0.25% of their portfolio CORAL GABLES, FL 21,37721.4k $624.6k $624.6k 0.25% Unchanged
81 Sanctuary Advisors, LLC 0.00% of their portfolio INDIANAPOLIS, IN 21,16721.2k $618.5k $618.5k 0.00% Added +179 +179
82 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 21,06921.1k $615.6k $615.6k 0.00% Reduced -726 -726
83 Laraway Financial Advisors Inc 0.44% of their portfolio SAINT CLOUD, MN 19,85819.9k $580.2k $580.2k 0.44% Reduced -189 -189
84 Center For Asset Management LLC 0.34% of their portfolio PALM BEACH GARDENS, FL 19,37819.4k $556.0k $556.0k 0.34% Reduced -16.8k -16,779
85 Kingdom Financial Group LLC. 0.45% of their portfolio PEORIA, AZ 17,69317.7k $517.0k $517.0k 0.45% New
86 Prosperity Wealth Management, Inc. 0.18% of their portfolio San Ramon, CA 16,78016.8k $490.3k $490.3k 0.18% New
87 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 16,71216.7k $488.3k $488.3k 0.00% Added +6.5k +6,498
88 MJT & Associates Financial Advisory Group, Inc. 0.59% of their portfolio MONTEVIDEO, MN 16,32716.3k $477.1k $477.1k 0.59% Unchanged
89 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 14,66814.7k $428.6k $428.6k 0.00% Reduced -186 -186
90 NWF Advisory Services Inc. 0.05% of their portfolio Los Angeles, CA 13,79413.8k $403.1k $403.1k 0.05% New
91 Rice Partnership, LLC 0.07% of their portfolio HONOLULU, HI 13,35613.4k $390.3k $390.3k 0.07% Unchanged
92 Detalus Advisors, LLC 0.11% of their portfolio ST. LOUIS, MO 13,15913.2k $384.5k $384.5k 0.11% Reduced -1.1k -1,123
93 CoreCap Advisors, LLC 0.01% of their portfolio SOUTHFIELD, MI 12,56812.6k $367.2k $367.2k 0.01% Reduced -954.3k -954,252
94 Advyzon Investment Management, LLC 0.08% of their portfolio LISLE, IL 12,43012.4k $363.2k $363.2k 0.08% New
95 Ascent Group, LLC 0.01% of their portfolio VIRGINIA BEACH, VA 12,21912.2k $357.0k $357.0k 0.01% Reduced -5.0k -4,952
96 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 12,21112.2k $356.8k $356.8k 0.00% Reduced -7.9k -7,902
97 Breakwater Investment Management 0.14% of their portfolio SEATTLE, WA 12,15312.2k $355.1k $355.1k 0.14% Reduced -893 -893
98 Advisor Resource Council 0.17% of their portfolio DALLAS, TX 12,10112.1k $353.6k $353.6k 0.17% Reduced -493.4k -493,366
99 Sovran Advisors, LLC 0.03% of their portfolio SAN DIEGO, CA 10,04310.0k $289.8k $289.8k 0.03% New
100 AIRE ADVISORS, LLC 0.06% of their portfolio BEVERLY HILLS, CA 9,8419.8k $287.5k $287.5k 0.06% Added +34 +34