Vault-13

SPDR SER TR SPBO

PORTFOLIO CRPORT · ETP · CUSIP 78464A144

171 institutional holders +15 vs Q2 2025
45,433,80345.4m shares reported held*
$1.3bnreported value*
27 new 71 added 42 reduced 7 sold out net bought ≈ $191.3m (+6.4m 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 ($1.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $29.65. Options: 1 managers hold calls ($3.7m notional), 1 hold puts ($26.9m).

Trends to Q3 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: 156Q3 25: 171171Q3 22Q2 23Q1 24Q4 24Q3 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
Q3 2025171

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q4 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 25Q2 25: 67 bought or addedQ2 25: 82 cut or sold outQ3 25: 98 bought or addedQ3 25: 49 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 20237943
Q1 20248457
Q2 20247067
Q3 20249049
Q4 20248658
Q1 20258268
Q2 20256782
Q3 20259849

Calls vs puts

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

CallsPuts
$0$10m$20m$30mQ4 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 0.00Q3 25 calls: $3.7mQ3 25 puts: $26.9mQ3 25P/C 7.31
Numbers
QuarterCallsPutsP/C
Q4 2024$575.7k$00.00
Q1 2025$499.3k$354.2k0.71
Q2 2025$265.9k$00.00
Q3 2025$3.7m$26.9m7.31

Biggest buyers

Bank of New York Mellon Corp New +2,000,173+2.0m
OSAIC HOLDINGS, INC. Added +1,179,714+1.2m
AMERIPRISE FINANCIAL INC Added +988,964+989.0k
EXCHANGE TRADED CONCEPTS, LLC Added +866,827+866.8k
JANE STREET GROUP, LLC New +510,066+510.1k
IHT Wealth Management, LLC Added +455,144+455.1k
CX Institutional Added +326,927+326.9k
Thrivent Financial for Lutherans New +290,420+290.4k
Phoenix Financial Ltd. New +182,786+182.8k
ARKANSAS FINANCIAL GROUP, INC. Added +177,998+178.0k

Biggest sellers

NEPC LLC Reduced -915,394-915.4k
RWA WEALTH PARTNERS, LLC Reduced -239,448-239.4k
ROYAL BANK OF CANADA Reduced -236,836-236.8k
MML INVESTORS SERVICES, LLC Reduced -221,902-221.9k
Jefferies Financial Group Inc. Reduced -133,940-133.9k
BIRMINGHAM CAPITAL MANAGEMENT CO INC/AL Reduced -120,000-120.0k
OLD MISSION CAPITAL LLC Sold out -112,499-112.5k
Financial Advocates Investment Management Sold out -98,885-98.9k
Gerber Kawasaki Wealth & Investment Management Reduced -77,032-77.0k
CWM, LLC Reduced -67,020-67.0k

Biggest calls

BOOTHBAY FUND MANAGEMENT, LLC New $3.7m42.7k shares

Biggest puts

BOOTHBAY FUND MANAGEMENT, LLC New $26.9m312.3k 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 AMERIPRISE FINANCIAL INC 0.05% of their portfolio MINNEAPOLIS, MN 7,339,3157.3m $217.4m $217.4m 0.05% Added +989.0k +988,964
2 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 2,928,7812.9m $86.8m $86.8m 0.03% Added +150.1k +150,101
3 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 2,727,1092.7m $80.8m $80.8m 0.01% Added +24.9k +24,949
4 EXCHANGE TRADED CONCEPTS, LLC 0.67% of their portfolio Oklahoma City, OK 2,361,7432.4m $70.0m $70.0m 0.67% Added +866.8k +866,827
5 ST GERMAIN D J CO INC 2.67% of their portfolio SPRINGFIELD, MA 2,251,9432.3m $66.7m $66.7m 2.67% Reduced -48.5k -48,523
6 CX Institutional 1.80% of their portfolio AUBURN, IN 2,005,4492.0m $59.4m $59.4m 1.80% Added +326.9k +326,927
7 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 2,000,1732.0m $59.3m $59.3m 0.01% New
8 AE Wealth Management LLC 0.33% of their portfolio TOPEKA, KS 1,737,6591.7m $51.5m $51.5m 0.33% Added +132.7k +132,678
9 NEPC LLC 1.28% of their portfolio Boston, MA 1,639,4461.6m $48.6m $48.6m 1.28% Reduced -915.4k -915,394
10 Procyon Advisors, LLC 2.47% of their portfolio SHELTON, CT 1,404,5771.4m $41.6m $41.6m 2.47% Added +55.3k +55,301
11 ASSETMARK, INC 0.09% of their portfolio CONCORD, CA 1,403,5201.4m $41.6m $41.6m 0.09% Added +68.5k +68,497
12 OSAIC HOLDINGS, INC. 0.06% of their portfolio SCOTTSDALE, AZ 1,363,1301.4m $40.4m $40.4m 0.06% Added +1.2m +1,179,714
13 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,268,9971.3m $37.6m $37.6m 0.00% Added +137.2k +137,173
14 Gerber Kawasaki Wealth & Investment Management 1.29% of their portfolio SANTA MONICA, CA 1,263,8711.3m $37.4m $37.4m 1.29% Reduced -77.0k -77,032
15 RWA WEALTH PARTNERS, LLC 0.39% of their portfolio BOSTON, MA 1,160,1901.2m $34.4m $34.4m 0.39% Reduced -239.4k -239,448
16 Geneos Wealth Management Inc. 0.72% of their portfolio ENGLEWOOD, CO 964,157964.2k $28.6m $28.6m 0.72% Added +60.1k +60,052
17 Summit Financial Wealth Advisors, LLC 4.21% of their portfolio Lafayette, LA 916,928916.9k $27.1m $27.1m 4.21% Added +121.9k +121,857
18 ARKANSAS FINANCIAL GROUP, INC. 3.18% of their portfolio LITTLE ROCK, AR 728,621728.6k $21.6m $21.6m 3.18% Added +178.0k +177,998
19 Flaharty Asset Management, LLC 2.67% of their portfolio CLEARWATER, FL 708,494708.5k $21.0m $21.0m 2.67% Added +20.4k +20,374
20 Sterling Manor Financial, LLC 11.53% of their portfolio Saratoga Springs, NY 617,319617.3k $18.3m $18.3m 11.53% Added +78.4k +78,394
21 IHT Wealth Management, LLC 0.42% of their portfolio Chicago, IL 561,304561.3k $16.6m $16.6m 0.42% Added +455.1k +455,144
22 Financial Engines Advisors L.L.C. 0.03% of their portfolio SANTA CLARA, CA 519,230519.2k $15.4m $15.4m 0.03% Added +36.1k +36,137
23 JANE STREET GROUP, LLC 0.02% of their portfolio NEW YORK, NY 510,066510.1k $15.1m $15.1m 0.02% New
24 Financial Gravity Asset Management, Inc. 2.32% of their portfolio Lakeway, TX 397,929397.9k $11.8m $11.8m 2.32% First filing
25 FLAGSHIP HARBOR ADVISORS, LLC 0.46% of their portfolio BOSTON, MA 357,425357.4k $10.6m $10.6m 0.46% Added +18.4k +18,379
26 Mariner, LLC 0.01% of their portfolio Overland Park, KS 335,338335.3k $9.9m $9.9m 0.01% Added +87.3k +87,255
27 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 290,535290.5k $8.6m $8.6m 0.00% Added +35.4k +35,383
28 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 290,420290.4k $8.6m $8.6m 0.02% New
29 Enstar Group LTD 3.03% of their portfolio Hamilton, D0 276,400276.4k $8.2m $8.2m 3.03% Unchanged
30 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 267,376267.4k $7.9m $7.9m 0.00% Reduced -236.8k -236,836
31 CWM, LLC 0.02% of their portfolio OMAHA, NE 227,841227.8k $6.8m $6.8m 0.02% Reduced -67.0k -67,020
32 Valmark Advisers, Inc. 0.08% of their portfolio AKRON, OH 204,761204.8k $6.1m $6.1m 0.08% Reduced -3.4k -3,395
33 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 183,968184.0k $5.5m $5.5m 0.00% Added +71.3k +71,321
34 Phoenix Financial Ltd. 0.03% of their portfolio Givatayim, L3 182,786182.8k $5.4m $5.4m 0.03% New
35 Melone Private Wealth, LLC 2.39% of their portfolio AUBURN HILLS, MI 177,750177.8k $5.3m $5.3m 2.39% Reduced -1.5k -1,507
36 Jacobi Capital Management LLC 0.30% of their portfolio PITTSTON, PA 168,721168.7k $5.0m $5.0m 0.30% Added +27.8k +27,822
37 Breakwater Capital Group 0.73% of their portfolio PARAMUS, NJ 167,865167.9k $5.0m $5.0m 0.73% Added +42.6k +42,575
38 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 150,734150.7k $4.5m $4.5m 0.01% Reduced -221.9k -221,902
39 5th Street Advisors, LLC 2.13% of their portfolio Southport, CT 145,227145.2k $4.3m $4.3m 2.13% Reduced -3.9k -3,882
40 Private Advisor Group, LLC 0.02% of their portfolio MORRISTOWN, NJ 142,935142.9k $4.2m $4.2m 0.02% Added +3.6k +3,558
41 Foundations Investment Advisors, LLC 0.06% of their portfolio PHOENIX, AZ 141,860141.9k $4.2m $4.2m 0.06% Added +32.5k +32,513
42 NorthRock Partners, LLC 0.07% of their portfolio MINNEAPOLIS, MN 136,765136.8k $4.1m $4.1m 0.07% New
43 Tidemark, LLC 1.14% of their portfolio SAN DIEGO, CA 132,230132.2k $3.9m $3.9m 1.14% Added +4.7k +4,689
44 Tradewinds Capital Management, LLC 0.85% of their portfolio BELLINGHAM, WA 127,759127.8k $3.8m $3.8m 0.85% Added +50.0k +50,004
45 APS Management Group, Inc. 3.33% of their portfolio TORRANCE, CA 127,001127.0k $3.8m $3.8m 3.33% First filing
46 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 124,448124.4k $3.7m $3.7m 0.00% Added +81.3k +81,312
47 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.02% of their portfolio Stamford, CT 114,876114.9k $3.4m $3.4m 0.02% Added +1.4k +1,438
48 BlackRock, Inc. 0.00% of their portfolio New York, NY 91,39391.4k $2.7m $2.7m 0.00% New
49 RITHOLTZ WEALTH MANAGEMENT 0.05% of their portfolio NEW YORK, NY 80,31380.3k $2.4m $2.4m 0.05% Added +2.2k +2,172
50 TRANSATLANTIQUE PRIVATE WEALTH LLC 0.72% of their portfolio NEW YORK, NY 74,56674.6k $2.2m $2.2m 0.72% Added +12.0k +12,006
51 TOUNJIAN ADVISORY PARTNERS, LLC 0.74% of their portfolio FORT MYERS, FL 74,51274.5k $2.2m $2.2m 0.74% Reduced -8.2k -8,228
52 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 70,68770.7k $2.1m $2.1m 0.00% Added +9.8k +9,759
53 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 68,64668.6k $2.0m $2.0m 0.00% Added +1.1k +1,104
54 COBBLESTONE CAPITAL ADVISORS LLC /NY/ 0.09% of their portfolio ROCHESTER, NY 61,25061.2k $1.8m $1.8m 0.09% Unchanged
55 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 60,38160.4k $1.8m $1.8m 0.00% New
56 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 57,45657.5k $1.7m $1.7m 0.00% New
57 David Kennon Inc 0.61% of their portfolio SARASOTA, FL 57,10357.1k $1.7m $1.7m 0.61% Reduced -1.4k -1,364
58 ZACKS INVESTMENT MANAGEMENT 0.01% of their portfolio Chicago, IL 56,69456.7k $1.7m $1.7m 0.01% Reduced -31.3k -31,330
59 Transamerica Financial Advisors, LLC 0.14% of their portfolio CEDAR RAPIDS, IA 55,00955.0k $1.6m $1.6m 0.14% Reduced -469 -469
60 Kingdom Financial Group LLC. 0.93% of their portfolio PEORIA, AZ 51,49451.5k $1.5m $1.5m 0.93% Added +33.8k +33,801
61 Kathleen S. Wright Associates Inc. 0.55% of their portfolio PITTSBURGH, PA 50,34850.3k $1.5m $1.5m 0.55% Added +5.6k +5,562
62 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 46,89346.9k $1.4m $1.4m 0.00% Added +16.5k +16,495
63 Savant Capital, LLC 0.01% of their portfolio ROCKFORD, IL 46,56746.6k $1.4m $1.4m 0.01% Reduced -1.5k -1,521
64 Elevated Capital Advisors, LLC 0.34% of their portfolio SANDY, UT 45,96046.0k $1.4m $1.4m 0.34% Reduced -8.3k -8,327
65 World Investment Advisors 0.03% of their portfolio LINCROFT, NJ 42,64642.6k $1.3m $1.3m 0.03% Added +2.6k +2,641
66 Sanctuary Advisors, LLC 0.00% of their portfolio INDIANAPOLIS, IN 42,12442.1k $1.2m $1.2m 0.00% Added +21.0k +20,957
67 Quadrant Private Wealth Management, LLC 0.22% of their portfolio Center Valley, PA 39,86239.9k $1.2m $1.2m 0.22% Added +3.2k +3,206
68 Center For Asset Management LLC 0.62% of their portfolio PALM BEACH GARDENS, FL 39,35739.4k $1.2m $1.2m 0.62% Added +20.0k +19,979
69 Alesco Advisors, LLC, An ESL Co 0.03% of their portfolio Pittsford, NY 36,64536.6k $1.1m $1.1m 0.03% Unchanged
70 Keystone Wealth Services, LLC 0.22% of their portfolio PALM DESERT, CA 34,40634.4k $1.0m $1.0m 0.22% Added +321 +321
71 Guardian Asset Advisors, LLC 0.52% of their portfolio MECHANICSBURG, PA 32,39832.4k $959.9k $959.9k 0.52% New
72 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 31,82231.8k $942.9k $942.9k 0.00% Unchanged
73 Florida Trust Wealth Management Co 0.03% of their portfolio SANIBEL, FL 30,00030.0k $888.9k $888.9k 0.03% Unchanged
74 National Wealth Management Group, LLC 0.32% of their portfolio CINCINNATI, OH 28,88428.9k $855.8k $855.8k 0.32% Added +2.3k +2,333
75 LEVEL FOUR ADVISORY SERVICES, LLC 0.03% of their portfolio DALLAS, TX 28,78728.8k $853.0k $853.0k 0.03% Reduced -2.5k -2,488
76 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 27,83427.8k $824.7k $824.7k 0.00% Added +6.8k +6,765
77 BIRMINGHAM CAPITAL MANAGEMENT CO INC/AL 0.37% of their portfolio BIRMINGHAM, AL 27,50027.5k $814.8k $814.8k 0.37% Reduced -120.0k -120,000
78 ShoreHaven Wealth Partners, LLC 0.30% of their portfolio Red Bank, NJ 27,18927.2k $805.6k $805.6k 0.30% Reduced -18.5k -18,505
79 CreativeOne Wealth, LLC 0.02% of their portfolio OVERLAND PARK, KS 27,11827.1k $803.5k $803.5k 0.02% Added +353 +353
80 Jefferies Financial Group Inc. 0.01% of their portfolio NEW YORK, NY 25,87525.9k $766.7k $766.7k 0.01% Reduced -133.9k -133,940
81 Optas, LLC 0.12% of their portfolio DRIPPING SPRINGS, TX 24,83024.8k $735.7k $735.7k 0.12% Reduced -32.2k -32,172
82 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 23,58623.6k $698.9k $698.9k 0.00% Reduced -3.0k -2,976
83 Ashton Thomas Private Wealth, LLC 0.02% of their portfolio SCOTTSDALE, AZ 22,22622.2k $658.5k $658.5k 0.02% New
84 Merit Financial Group, LLC 0.01% of their portfolio ALPHARETTA, GA 21,84021.8k $647.1k $647.1k 0.01% Reduced -1.3k -1,326
85 Compound Planning, Inc. 0.02% of their portfolio NEW YORK, NY 21,74421.7k $644.3k $644.3k 0.02% Reduced -4.6k -4,594
86 Donald L. Hagan, LLC 0.31% of their portfolio Sarasota, FL 21,51921.5k $637.6k $637.6k 0.31% Added +16 +16
87 INVENIO WEALTH PARTNERS LLC 0.23% of their portfolio CORAL GABLES, FL 21,37721.4k $633.4k $633.4k 0.23% Unchanged
88 Laraway Financial Advisors Inc 0.40% of their portfolio SAINT CLOUD, MN 19,90819.9k $589.9k $589.9k 0.40% Added +50 +50
89 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 16,94516.9k $502.1k $502.1k 0.00% Added +233 +233
90 Prosperity Wealth Management, Inc. 0.17% of their portfolio San Ramon, CA 16,78716.8k $497.4k $497.4k 0.17% Added +7 +7
91 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 16,01316.0k $474.5k $474.5k 0.00% Added +1.3k +1,345
92 Valeo Financial Advisors, LLC 0.01% of their portfolio CARMEL, IN 15,64915.6k $463.7k $463.7k 0.01% New
93 Detalus Advisors, LLC 0.11% of their portfolio ST. LOUIS, MO 14,47214.5k $428.8k $428.8k 0.11% Added +1.3k +1,313
94 RFG Advisory, LLC 0.01% of their portfolio BIRMINGHAM, AL 13,66413.7k $404.9k $404.9k 0.01% Added +5.9k +5,868
95 Rice Partnership, LLC 0.06% of their portfolio HONOLULU, HI 13,35613.4k $395.7k $395.7k 0.06% Unchanged
96 FLOW TRADERS U.S. LLC 0.02% of their portfolio NEW YORK, NY 13,16113.2k $390.0k $390.0k 0.02% New
97 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 13,00813.0k $385.4k $385.4k 0.00% New
98 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 12,99513.0k $385.1k $385.1k 0.00% Reduced -13.0k -12,995
99 Ascent Group, LLC 0.01% of their portfolio VIRGINIA BEACH, VA 12,67712.7k $375.6k $375.6k 0.01% Added +458 +458
100 Advyzon Investment Management, LLC 0.06% of their portfolio LISLE, IL 12,55112.6k $371.9k $371.9k 0.06% Added +121 +121