Vault-13

SPDR SER TR PSK

ICE PFD SEC ETF · ETP · CUSIP 78464A292

172 institutional holders +5 vs Q3 2025
13,676,81913.7m shares reported held*
$434.2mreported value*
16 new 54 added 62 reduced 19 sold out net sold ≈ $2.1m (-66.8k 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 ≈ $31.75. Options: 0 managers hold calls (— notional), 1 hold puts ($332.7k).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 195Q4 22: 199Q1 23: 194Q2 23: 186Q3 23: 172Q4 23: 181Q1 24: 168Q2 24: 169Q3 24: 176Q4 24: 185Q1 25: 174Q2 25: 170Q3 25: 167Q4 25: 172172Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 2022195
Q4 2022199
Q1 2023194
Q2 2023186
Q3 2023172
Q4 2023181
Q1 2024168
Q2 2024169
Q3 2024176
Q4 2024185
Q1 2025174
Q2 2025170
Q3 2025167
Q4 2025172

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q1 24: 62 bought or addedQ1 24: 87 cut or sold outQ2 24: 84 bought or addedQ2 24: 62 cut or sold outQ2 24Q3 24: 82 bought or addedQ3 24: 66 cut or sold outQ4 24: 84 bought or addedQ4 24: 70 cut or sold outQ4 24Q1 25: 77 bought or addedQ1 25: 75 cut or sold outQ2 25: 70 bought or addedQ2 25: 75 cut or sold outQ2 25Q3 25: 62 bought or addedQ3 25: 83 cut or sold outQ4 25: 70 bought or addedQ4 25: 81 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20246287
Q2 20248462
Q3 20248266
Q4 20248470
Q1 20257775
Q2 20257075
Q3 20256283
Q4 20257081

Calls vs puts

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

CallsPuts
$0$100k$200k$300k$400kQ1 25 calls: $197.6kQ1 25 puts: $100.4kQ1 25P/C 0.51Q2 25 calls: $238.2kQ2 25 puts: $0Q2 25P/C 0.00Q3 25 calls: $0Q3 25 puts: $0Q3 25P/C —Q4 25 calls: $0Q4 25 puts: $332.7kQ4 25P/C —
Numbers
QuarterCallsPutsP/C
Q1 2025$197.6k$100.4k0.51
Q2 2025$238.2k$00.00
Q3 2025$0$0—
Q4 2025$0$332.7k—

Biggest buyers

UBS Group AG Added +382,777+382.8k
RAYMOND JAMES FINANCIAL INC Added +267,573+267.6k
Checchi Capital Advisers, LLC New +189,721+189.7k
ZACKS INVESTMENT MANAGEMENT New +163,682+163.7k
Ameritas Advisory Services, LLC Added +60,143+60.1k
RFG Advisory, LLC New +31,180+31.2k
CITADEL ADVISORS LLC Added +28,568+28.6k
Rockefeller Capital Management L.P. Added +28,533+28.5k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +23,328+23.3k
Cetera Investment Advisers Added +19,660+19.7k

Biggest sellers

WELLS FARGO & COMPANY/MN Reduced -468,546-468.5k
MORGAN STANLEY Reduced -200,428-200.4k
ST GERMAIN D J CO INC Reduced -114,808-114.8k
Elevation Capital Advisory, LLC Sold out -75,693-75.7k
FDx Advisors, Inc. Sold out -59,189-59.2k
Barry Investment Advisors, LLC Sold out -56,296-56.3k
PARK AVENUE SECURITIES LLC Reduced -47,757-47.8k
TRUIST FINANCIAL CORP Reduced -47,369-47.4k
Crews Bank & Trust Reduced -43,641-43.6k
Twelve Points Wealth Management LLC Reduced -36,741-36.7k

Biggest calls

None

Biggest puts

CITADEL ADVISORS LLC New $332.7k10.5k 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, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 1,330,1331.3m $42.2m $42.2m 0.01% Reduced -468.5k -468,546
2 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,070,3681.1m $33.9m $33.9m 0.00% Reduced -200.4k -200,428
3 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 1,063,1171.1m $33.7m $33.7m 0.01% Reduced -10.7k -10,685
4 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 901,400901.4k $28.6m $28.6m 0.01% Added +7.2k +7,186
5 State of Wisconsin - Board of Commissioners of Public Lands 15.99% of their portfolio MADISON, WI 780,643780.6k $24.7m $24.7m 15.99% Unchanged
6 CNO Financial Group, Inc. 12.57% of their portfolio Carmel, IN 700,000700.0k $22.2m $22.2m 12.57% Unchanged
7 UBS Group AG 0.00% of their portfolio ZURICH, V8 650,656650.7k $20.6m $20.6m 0.00% Added +382.8k +382,777
8 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 602,549602.5k $19.1m $19.1m 0.01% Added +267.6k +267,573
9 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 584,623584.6k $18.5m $18.5m 0.01% Reduced -9.9k -9,869
10 PARK AVENUE SECURITIES LLC 0.13% of their portfolio NEW YORK, NY 481,133481.1k $15.2m $15.2m 0.13% Reduced -47.8k -47,757
11 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 477,119477.1k $15.1m $15.1m 0.00% Added +12.9k +12,919
12 Sage Advisory Services, Ltd.Co. 5.96% of their portfolio AUSTIN, TX 345,547345.5k $10.9m $10.9m 5.96% Reduced -16.9k -16,905
13 Lido Advisors, LLC 0.04% of their portfolio Los Angeles, CA 280,794280.8k $9.3m $9.3m 0.04% Reduced -1 -1
14 Long Run Wealth Advisors, LLC 1.37% of their portfolio Lake Placid, NY 229,950229.9k $7.3m $7.3m 1.37% Added +14.6k +14,622
15 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 226,841226.8k $7.2m $7.2m 0.00% Reduced -10.8k -10,823
16 Checchi Capital Advisers, LLC 0.41% of their portfolio BEVERLY HILLS, CA 189,721189.7k $6.0m $6.0m 0.41% New
17 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 178,507178.5k $5.7m $5.7m 0.01% Reduced -47.4k -47,369
18 ZACKS INVESTMENT MANAGEMENT 0.04% of their portfolio Chicago, IL 163,682163.7k $5.2m $5.2m 0.04% New
19 Sound Income Strategies, LLC 0.22% of their portfolio FT LAUDERDALE, FL 143,269143.3k $4.6m $4.6m 0.22% Reduced -7.4k -7,359
20 Crews Bank & Trust 0.63% of their portfolio PORT CHARLOTTE, FL 138,280138.3k $4.4m $4.4m 0.63% Reduced -43.6k -43,641
21 Midwest Trust Co 0.05% of their portfolio Overland Park, KS 136,052136.1k $4.3m $4.3m 0.05% Reduced -19.9k -19,941
22 Allworth Financial LP 0.02% of their portfolio FOLSOM, CA 121,853121.9k $3.9m $3.9m 0.02% Added +66 +66
23 &PARTNERS 0.02% of their portfolio NASHVILLE, TN 118,970119.0k $4.0m $4.0m 0.02% Added +1.2k +1,205
24 Twelve Points Wealth Management LLC 0.83% of their portfolio CONCORD, MA 115,440115.4k $3.7m $3.7m 0.83% Reduced -36.7k -36,741
25 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 112,681112.7k $3.6m $3.6m 0.00% Added +19.7k +19,660
26 Shulman DeMeo Asset Management LLC 0.79% of their portfolio LAKE SUCCESS, NY 110,271110.3k $3.5m $3.5m 0.79% Reduced -1.4k -1,392
27 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 108,278108.3k $3.4m $3.4m 0.00% Reduced -465 -465
28 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 105,106105.1k $3.3m $3.3m 0.00% Reduced -4.3k -4,327
29 Rosenberg Matthew Hamilton 0.62% of their portfolio GRAND JUNCTION, CO 95,16795.2k $3.0m $3.0m 0.62% Added +15.4k +15,377
30 Investors Research Corp 0.53% of their portfolio ATLANTA, GA 90,72990.7k $2.9m $2.9m 0.53% Reduced -1.9k -1,862
31 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 86,56486.6k $2.8m $2.8m 0.00% Added +2.9k +2,894
32 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 82,74882.7k $2.6m $2.6m 0.00% Added +702 +702
33 ST GERMAIN D J CO INC 0.10% of their portfolio SPRINGFIELD, MA 82,19982.2k $2.6m $2.6m 0.10% Reduced -114.8k -114,808
34 Voya Financial Advisors, Inc. 0.19% of their portfolio WINDSOR, CT 61,95162.0k $2.0m $2.0m 0.19% Added +2.8k +2,750
35 Ameritas Advisory Services, LLC 0.07% of their portfolio Lincoln, NE 60,23860.2k $1.9m $1.9m 0.07% Added +60.1k +60,143
36 Aspetuck Financial Management LLC 1.19% of their portfolio WESTPORT, CT 55,71555.7k $1.8m $1.8m 1.19% Reduced -2.0k -1,955
37 Orion Porfolio Solutions, LLC 0.01% of their portfolio OMAHA, NE 55,29155.3k $1.8m $1.8m 0.01% Reduced -1.4k -1,428
38 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 46,42046.4k $1.5m $1.5m 0.01% Added +3.2k +3,203
39 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 45,90845.9k $1.5m $1.5m 0.00% Added +28.5k +28,533
40 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 43,93743.9k $1.4m $1.4m 0.00% Reduced -11.7k -11,719
41 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 43,65243.7k $1.4m $1.4m 0.00% Added +23.3k +23,328
42 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 40,39140.4k $1.3m $1.3m 0.00% Added +28.6k +28,568
43 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 40,35240.4k $1.3m $1.3m 0.00% Reduced -1.9k -1,877
44 Wealthcare Advisory Partners LLC 0.03% of their portfolio WEST CHESTER, PA 40,26240.3k $1.3m $1.3m 0.03% Reduced -1.0k -1,044
45 Wealthspire Retirement, LLC 0.08% of their portfolio ALISO VIEJO, CA 40,04840.0k $1.3m $1.3m 0.08% Added +3.4k +3,367
46 Atlas Private Wealth Advisors 0.28% of their portfolio RED BANK, NJ 38,38738.4k $1.2m $1.2m 0.28% Reduced -9.2k -9,208
47 Envestnet Portfolio Solutions, Inc. 0.00% of their portfolio BERWYN, PA 38,36638.4k $1.2m $1.2m 0.00% Added +5.6k +5,609
48 GREENLEAF TRUST 0.01% of their portfolio KALAMAZOO, MI 37,09637.1k $1.2m $1.2m 0.01% Reduced -65 -65
49 EAGLE HARBOR ASSET MANAGEMENT INC /ADV 0.87% of their portfolio SEATTLE, WA 33,11233.1k $1.0m $1.0m 0.87% Added +8.8k +8,844
50 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 32,82932.8k $1.0m $1.0m 0.00% Reduced -476 -476
51 XML Financial, LLC 0.08% of their portfolio BETHESDA, MD 32,52632.5k $1.0m $1.0m 0.08% Added +3.4k +3,401
52 Mariner, LLC 0.00% of their portfolio Overland Park, KS 31,97232.0k $1.0m $1.0m 0.00% Reduced -15.2k -15,228
53 Provenance Wealth Advisors, LLC 0.11% of their portfolio FORT LAUDERDALE, FL 31,53531.5k $999.3k $999.3k 0.11% Unchanged
54 RFG Advisory, LLC 0.02% of their portfolio BIRMINGHAM, AL 31,18031.2k $988.1k $988.1k 0.02% New
55 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 30,90730.9k $979.4k $979.4k 0.00% Unchanged
56 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 30,72330.7k $973.6k $973.6k 0.00% Reduced -17.5k -17,497
57 Financial Insights, Inc. 0.29% of their portfolio TACOMA, WA 27,61927.6k $875.2k $875.2k 0.29% Added +15.7k +15,691
58 ALEXANDER LABRUNERIE & CO., INC. 0.30% of their portfolio COLUMBIA, MO 25,81425.8k $818.0k $818.0k 0.30% Reduced -306 -306
59 FULTON BREAKEFIELD BROENNIMAN LLC 0.05% of their portfolio Bethesda, MD 25,56225.6k $810.1k $810.1k 0.05% Reduced -5.2k -5,218
60 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 25,43125.4k $805.9k $805.9k 0.00% Added +636 +636
61 Betterment LLC 0.00% of their portfolio NEW YORK, NY 24,77924.8k $785.0k $785.0k 0.00% Reduced -4 -4
62 Pure Financial Advisors, LLC 0.01% of their portfolio SAN DIEGO, CA 24,12824.1k $764.6k $764.6k 0.01% Reduced -689 -689
63 Breachway Investments LLC 0.79% of their portfolio CHARLESTOWN, RI 23,69123.7k $750.8k $750.8k 0.79% First filing
64 CGN Advisors LLC 0.06% of their portfolio MANHATTAN, KS 22,58222.6k $715.6k $715.6k 0.06% Added +683 +683
65 NBT BANK, N.A. 0.04% of their portfolio NORWICH, NY 21,91621.9k $694.5k $694.5k 0.04% Reduced -300 -300
66 GREENBERG FINANCIAL GROUP 0.28% of their portfolio TUCSON, AZ 21,30021.3k $675.0k $675.0k 0.28% First filing
67 Fifth Third Securities, Inc. 0.04% of their portfolio Cincinnati, OH 20,87720.9k $661.6k $661.6k 0.04% Reduced -1.2k -1,206
68 Bath Savings Trust Co 0.06% of their portfolio BATH, ME 20,13720.1k $638.1k $638.1k 0.06% Reduced -11.1k -11,124
69 Cornerstone Financial Group, LLC /NE/ 0.44% of their portfolio OMAHA, NE 20,11120.1k $637.3k $637.3k 0.44% Added +719 +719
70 LAUREL OAK WEALTH MANAGEMENT, LLC 0.10% of their portfolio MARLTON, NJ 19,27019.3k $610.7k $610.7k 0.10% First filing
71 Euro Pacific Asset Management, LLC 0.07% of their portfolio DORADO, PR 19,03019.0k $604.0k $604.0k 0.07% Unchanged
72 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 17,60717.6k $558.0k $558.0k 0.00% Added +3.5k +3,466
73 McAdam, LLC 0.02% of their portfolio Philadelphia, PA 16,31416.3k $517.0k $517.0k 0.02% Reduced -627 -627
74 Sharper & Granite LLC 0.15% of their portfolio EL SEGUNDO, CA 13,53013.5k $428.8k $428.8k 0.15% Reduced -1.5k -1,545
75 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 13,52213.5k $428.5k $428.5k 0.00% Added +2.6k +2,601
76 Camarda Financial Advisors, LLC 0.16% of their portfolio FLEMING ISLAND, FL 13,29413.3k $421.3k $421.3k 0.16% Reduced -162 -162
77 PRIVATE TRUST CO NA 0.04% of their portfolio CLEVELAND, OH 13,27013.3k $420.5k $420.5k 0.04% Added +569 +569
78 GLOBALT Investments LLC / GA 0.02% of their portfolio Atlanta, GA 13,08313.1k $414.6k $414.6k 0.02% Reduced -462 -462
79 Inscription Capital, LLC 0.04% of their portfolio HOUSTON, TX 13,06313.1k $414.0k $414.0k 0.04% Reduced -10 -10
80 COMERICA BANK 0.00% of their portfolio DALLAS, TX 13,01313.0k $412.4k $412.4k 0.00% Added +482 +482
81 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 12,99913.0k $411.0k $411.0k 0.00% New
82 Crestwood Advisors Group, LLC 0.01% of their portfolio BOSTON, MA 12,92912.9k $409.7k $409.7k 0.01% Reduced -6.1k -6,117
83 Wedmont Private Capital 0.01% of their portfolio WEST CHESTER, PA 12,17812.2k $390.3k $390.3k 0.01% Added +204 +204
84 Sequent Planning LLC 0.10% of their portfolio OMAHA, NE 12,01312.0k $380.7k $380.7k 0.10% Reduced -1.9k -1,940
85 ECLECTIC ASSOCIATES INC /ADV 0.06% of their portfolio FULLERTON, CA 11,75011.8k $372.4k $372.4k 0.06% Added +73 +73
86 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 11,24211.2k $356.3k $356.3k 0.00% Reduced -4.9k -4,945
87 Artemis Wealth Advisors, LLC 0.06% of their portfolio Port Washington, NY 10,75210.8k $340.7k $340.7k 0.06% Added +220 +220
88 PARR MCKNIGHT WEALTH MANAGEMENT GROUP, LLC 0.04% of their portfolio MINNEAPOLIS, MN 10,00010.0k $316.9k $316.9k 0.04% Unchanged
89 MMA ASSET MANAGEMENT LLC 0.11% of their portfolio New York, NY 9,9129.9k $314.1k $314.1k 0.11% New
90 TD Capital Management LLC 0.03% of their portfolio MEMPHIS, TN 9,1449.1k $289.8k $289.8k 0.03% Added +23 +23
91 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 8,9018.9k $282.1k $282.1k 0.00% Added +959 +959
92 FLPUTNAM INVESTMENT MANAGEMENT CO 0.00% of their portfolio PORTLAND, ME 8,7708.8k $277.9k $277.9k 0.00% Reduced -2.7k -2,703
93 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 8,3848.4k $265.7k $265.7k 0.00% Reduced -4.8k -4,802
94 Austin Private Wealth, LLC 0.02% of their portfolio Austin, TX 8,2018.2k $259.9k $259.9k 0.02% Added +1.1k +1,135
95 WealthPoint Financial, LLC 0.23% of their portfolio CRAMERTON, NC 8,1688.2k $258.8k $258.8k 0.23% First filing
96 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 8,1518.2k $258.3k $258.3k 0.00% Reduced -5.4k -5,424
97 KEYBANK NATIONAL ASSOCIATION/OH 0.00% of their portfolio BROOKLYN, OH 8,1008.1k $256.7k $256.7k 0.00% Unchanged
98 FORM Wealth Advisors, LLC 0.03% of their portfolio Lake Geneva, WI 8,0858.1k $256.2k $256.2k 0.03% First filing
99 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 7,8457.8k $248.6k $248.6k 0.00% Reduced -1.3k -1,313
100 Stratos Wealth Partners, LTD. 0.00% of their portfolio BEACHWOOD, OH 7,8437.8k $248.5k $248.5k 0.00% Added +955 +955