Vault-13

SPDR SER TR SLYV

S&P 600 SMCP VAL · ETP · CUSIP 78464A300

471 institutional holders -9 vs Q4 2022
31,547,01631.5m shares reported held*
$2.4bnreported value*
31 new 171 added 191 reduced 30 sold out net sold ≈ $171.5m (-2.2m 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 ($1.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $76.11. Options: 10 managers hold calls ($639.7m notional), 1 hold puts ($22.9k).

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 457Q4 22: 480Q1 23: 471471Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 2022457
Q4 2022480
Q1 2023471

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q4 22: 224 bought or addedQ4 22: 180 cut or sold outQ4 22Q1 23: 202 bought or addedQ1 23: 221 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022224180
Q1 2023202221

Calls vs puts

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

CallsPuts
$0$250m$500m$750m$1bnQ3 22 calls: $922.7mQ3 22 puts: $0Q3 22P/C 0.00Q4 22 calls: $609.5mQ4 22 puts: $118.8kQ4 22P/C 0.00Q1 23 calls: $639.7mQ1 23 puts: $22.9kQ1 23P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2022$922.7m$00.00
Q4 2022$609.5m$118.8k0.00
Q1 2023$639.7m$22.9k0.00

Biggest buyers

Perennial Investment Advisors, LLC New +194,909+194.9k
LPL Financial LLC Added +155,542+155.5k
WELLS FARGO & COMPANY/MN Added +154,496+154.5k
Focus Financial Network, Inc. New +124,200+124.2k
Redwood Investment Management, LLC Added +100,215+100.2k
BANK OF AMERICA CORP /DE/ Added +93,764+93.8k
TRUIST FINANCIAL CORP Added +91,893+91.9k
Corient Private Wealth LP Added +58,961+59.0k
Betterment LLC Added +53,482+53.5k
Cannon Financial Strategists, Inc. Added +46,084+46.1k

Biggest sellers

WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Reduced -834,945-834.9k
STIFEL FINANCIAL CORP Reduced -587,673-587.7k
BENJAMIN F. EDWARDS & COMPANY, INC. Reduced -464,767-464.8k
HighTower Advisors, LLC Reduced -260,629-260.6k
CONFLUENCE INVESTMENT MANAGEMENT LLC Sold out -222,159-222.2k
Ford Financial Group, LLC Reduced -194,866-194.9k
Krilogy Financial LLC Reduced -188,314-188.3k
CITADEL ADVISORS LLC Reduced -153,081-153.1k
PRW Wealth Management LLC Reduced -135,810-135.8k
AIRE ADVISORS, LLC Reduced -88,947-88.9k

Biggest calls

Twin Tree Management, LP Added $372.6m4.9m shares
JANE STREET GROUP, LLC Reduced $146.1m1.9m shares
JPMORGAN CHASE & CO Reduced $66.1m867.5k shares
IMC-Chicago, LLC Reduced $28.3m371.7k shares
GARDA CAPITAL PARTNERS LP New $20.5m268.8k shares
Maven Securities LTD Reduced $2.5m33.1k shares
CenterStar Asset Management, LLC New $1.8m24.0k shares
Utah Peaks Capital Inc New $1.1m15.0k shares
CITADEL ADVISORS LLC Reduced $617.1k8.1k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

CITADEL ADVISORS LLC Reduced $22.9k300 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 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LPL Financial LLC 0.10% of their portfolio FORT MILL, SC 1,681,2501.7m $128.1m $128.1m 0.10% Added +155.5k +155,542
2 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 1,591,8051.6m $121.3m $121.3m 0.01% Added +93.8k +93,764
3 Financial Engines Advisors L.L.C. 0.26% of their portfolio SANTA CLARA, CA 1,307,4771.3m $99.6m $99.6m 0.26% Reduced -25.7k -25,740
4 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 934,652934.7k $71.2m $71.2m 0.02% Reduced -53.8k -53,786
5 FINANCIAL COUNSELORS INC 1.47% of their portfolio Overland Park, KS 895,689895.7k $68.2m $68.2m 1.47% Added +36.3k +36,315
6 Creative Planning 0.09% of their portfolio OVERLAND PARK, KS 832,981833.0k $63.5m $63.5m 0.09% Reduced -13.6k -13,561
7 Goelzer Investment Management, Inc. 5.19% of their portfolio CARMEL, IN 783,455783.5k $59.7m $59.7m 5.19% Added +8.7k +8,661
8 Cannon Financial Strategists, Inc. 18.87% of their portfolio ATHENS, GA 731,822731.8k $55.8m $55.8m 18.87% Added +46.1k +46,084
9 KWB Wealth 8.25% of their portfolio REDLANDS, CA 602,761602.8k $44.7m $44.7m 8.25% Added +8.0k +7,967
10 Morningstar Investment Services LLC 0.60% of their portfolio CHICAGO, IL 601,454601.5k $44.9m $44.9m 0.60% Reduced -4.2k -4,190
11 MassMutual Private Wealth & Trust, FSB 1.73% of their portfolio Windsor, CT 594,639594.6k $45.3m $45.3m 1.73% Added +45.1k +45,076
12 Financial Planning & Information Services, Inc. 8.71% of their portfolio DE PERE, WI 589,743589.7k $44.9m $44.9m 8.71% Reduced -20.1k -20,063
13 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.48% of their portfolio PLYMOUTH, MN 544,562544.6k $41.5m $41.5m 0.48% Reduced -834.9k -834,945
14 Cerity Partners LLC 0.09% of their portfolio NEW YORK, NY 497,279497.3k $35.9m $35.9m 0.09% Added +24.5k +24,527
15 First National Trust Co 1.97% of their portfolio Johnstown, PA 486,119486.1k $37.0m $37.0m 1.97% Added +14.7k +14,747
16 COMMONWEALTH EQUITY SERVICES, LLC 0.07% of their portfolio WALTHAM, MA 455,515455.5k $34.7m $34.7m 0.07% Added +7.5k +7,499
17 NorthRock Partners, LLC 3.68% of their portfolio MINNEAPOLIS, MN 453,487453.5k $34.5m $34.5m 3.68% Added +5.7k +5,689
18 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 406,750406.8k $31.0m $31.0m 0.01% Added +37.5k +37,544
19 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 380,597380.6k $29.0m $29.0m 0.01% Added +154.5k +154,496
20 OSAIC HOLDINGS, INC. 0.05% of their portfolio SCOTTSDALE, AZ 369,736369.7k $28.2m $28.2m 0.05% Added +12.9k +12,864
21 Equitable Holdings, Inc. 0.45% of their portfolio NEW YORK, NY 367,938367.9k $28.0m $28.0m 0.45% Added +10.4k +10,360
22 American Financial Advisors, LLC 4.10% of their portfolio Marietta, GA 330,353330.4k $25.2m $25.2m 4.10% Reduced -4.3k -4,334
23 Evensky & Katz LLC 2.01% of their portfolio CORAL GABLES, FL 326,425326.4k $24.9m $24.9m 2.01% Reduced -12.5k -12,482
24 Compass Ion Advisors, LLC 6.07% of their portfolio CONSHOHOCKEN, PA 315,789315.8k $24.1m $24.1m 6.07% Added +37.5k +37,500
25 Avantax Planning Partners, Inc. 0.96% of their portfolio DUBUQUE, IA 311,617311.6k $23.7m $23.7m 0.96% Added +42.5k +42,512
26 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 306,751306.8k $23.4m $23.4m 0.00% Added +10.3k +10,298
27 TOWNSQUARE CAPITAL LLC 0.48% of their portfolio Lehi, UT 288,171288.2k $22.0m $22.0m 0.48% Added +11.8k +11,829
28 Trilogy Capital Inc. 1.44% of their portfolio IRVINE, CA 265,389265.4k $20.2m $20.2m 1.44% Added +2.0k +2,014
29 TRUIST FINANCIAL CORP 0.03% of their portfolio CHARLOTTE, NC 261,033261.0k $19.9m $19.9m 0.03% Added +91.9k +91,893
30 Klingman & Associates, LLC 1.69% of their portfolio New York, NY 257,659257.7k $19.6m $19.6m 1.69% Reduced -3.7k -3,736
31 New Hampshire Trust 5.06% of their portfolio CONCORD, NH 247,767247.8k $18.9m $18.9m 5.06% Reduced -8.7k -8,675
32 Mariner, LLC 0.05% of their portfolio Overland Park, KS 243,772243.8k $18.6m $18.6m 0.05% Reduced -29.1k -29,130
33 Avior Wealth Management, LLC 1.26% of their portfolio OMAHA, NE 241,520241.5k $18.4m $18.4m 1.26% Added +10.6k +10,574
34 BRIGGS ADVISORY GROUP, INC. 10.89% of their portfolio LINCOLN, RI 241,217241.2k $18.4m $18.4m 10.89% Reduced -2.2k -2,154
35 Rodgers & Associates, LTD 2.70% of their portfolio Lancaster, PA 228,010228.0k $17.4m $17.4m 2.70% Added +4.4k +4,364
36 BRANDYWINE OAK PRIVATE WEALTH LLC 2.02% of their portfolio Kennett Square, PA 227,293227.3k $17.3m $17.3m 2.02% Added +14.4k +14,361
37 Redwood Investment Management, LLC 1.85% of their portfolio SCOTTSDALE, AZ 226,076226.1k $17.2m $17.2m 1.85% Added +100.2k +100,215
38 UBS Group AG 0.01% of their portfolio ZURICH, V8 219,510219.5k $16.7m $16.7m 0.01% Reduced -8.8k -8,809
39 Roberts Financial Services LLC 3.87% of their portfolio MARQUETTE, MI 209,912209.9k $16.0m $16.0m 3.87% Reduced -66.9k -66,866
40 FAS Wealth Partners, Inc. 1.72% of their portfolio LEAWOOD, KS 207,849207.8k $15.8m $15.8m 1.72% Reduced -28.8k -28,791
41 Financial Advisory Group 3.19% of their portfolio HOUSTON, TX 207,411207.4k $15.8m $15.8m 3.19% Reduced -5.3k -5,271
42 WCG Wealth Advisors LLC 2.00% of their portfolio LAS VEGAS, NV 205,382205.4k $15.6m $15.6m 2.00% Added +10.8k +10,822
43 High Probability Advisors, LLC 3.58% of their portfolio Pittsford, NY 201,379201.4k $15.3m $15.3m 3.58% Added +21.1k +21,056
44 Private Advisor Group, LLC 0.15% of their portfolio MORRISTOWN, NJ 199,748199.7k $15.2m $15.2m 0.15% Added +17.4k +17,416
45 Perennial Investment Advisors, LLC 2.78% of their portfolio Los Angeles, CA 194,909194.9k $14.8m $14.8m 2.78% New
46 BerganKDV Wealth Management, LLC 1.40% of their portfolio BLOOMINGTON, MN 178,670178.7k $13.6m $13.6m 1.40% Reduced -1.7k -1,663
47 Convergence Financial, LLC 9.84% of their portfolio COLUMBIA, MO 175,297175.3k $13.4m $13.4m 9.84% Reduced -25.2k -25,162
48 Lutz Financial Services LLC 1.50% of their portfolio OMAHA, NE 172,978173.0k $13.2m $13.2m 1.50% Reduced -2.9k -2,853
49 Asset Dedication, LLC 1.22% of their portfolio SAN FRANCISCO, CA 172,408172.4k $13.1m $13.1m 1.22% Reduced -2.7k -2,718
50 TIAA, FSB 0.05% of their portfolio ST. LOUIS, MO 169,857169.9k $12.9m $12.9m 0.05% Added +44.4k +44,407
51 Financial Synergies Wealth Advisors, Inc. 1.77% of their portfolio HOUSTON, TX 158,237158.2k $12.1m $12.1m 1.77% Added +1.8k +1,761
52 Betterment LLC 0.04% of their portfolio NEW YORK, NY 158,144158.1k $12.0m $12.0m 0.04% Added +53.5k +53,482
53 RESTON WEALTH MANAGEMENT LLC 6.03% of their portfolio Reston, VA 151,421151.4k $11.5m $11.5m 6.03% Added +4.1k +4,129
54 GHP Investment Advisors, Inc. 0.73% of their portfolio Denver, CO 151,102151.1k $11.5m $11.5m 0.73% Added +5.8k +5,809
55 SAGE FINANCIAL GROUP INC 1.29% of their portfolio W. CONSHOHOCKEN, PA 149,868149.9k $11.4m $11.4m 1.29% Added +4.8k +4,811
56 Rockbridge Investment Management, LCC 1.93% of their portfolio Syracuse, NY 137,518137.5k $10.5m $10.5m 1.93% Added +4.0k +3,996
57 Seaside Wealth Management, Inc. 6.09% of their portfolio CARLSBAD, CA 131,385131.4k $10.0m $10.0m 6.09% Added +4.9k +4,901
58 HighTower Advisors, LLC 0.02% of their portfolio CHICAGO, IL 126,340126.3k $9.6m $9.6m 0.02% Reduced -260.6k -260,629
59 Focus Financial Network, Inc. 0.59% of their portfolio MINNEAPOLIS, MN 124,200124.2k $9.5m $9.5m 0.59% New
60 TD AMERITRADE INVESTMENT MANAGEMENT, LLC 0.10% of their portfolio OMAHA, NE 123,161123.2k $9.4m $9.4m 0.10% Reduced -3.1k -3,072
61 Financial Strategies Group, Inc. 3.59% of their portfolio OKEMOS, MI 122,452122.5k $9.3m $9.3m 3.59% Added +411 +411
62 Morton Brown Family Wealth, LLC 5.54% of their portfolio ALLENTOWN, PA 121,857121.9k $9.3m $9.3m 5.54% Added +13.8k +13,773
63 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 121,725121.7k $9.3m $9.3m 0.00% Added +35.2k +35,166
64 Capasso Planning Partners LLC 5.36% of their portfolio CHARLESTON, SC 119,948119.9k $9.1m $9.1m 5.36% Added +4.6k +4,585
65 Key Financial Inc 3.17% of their portfolio WEST CHESTER, PA 114,154114.2k $8.7m $8.7m 3.17% Added +19.7k +19,663
66 Retirement Group, LLC 3.93% of their portfolio SAN DIEGO, CA 112,982113.0k $8.6m $8.6m 3.93% Added +2.2k +2,209
67 AIRE ADVISORS, LLC 2.38% of their portfolio BEVERLY HILLS, CA 112,786112.8k $8.5m $8.5m 2.38% Reduced -88.9k -88,947
68 Red Door Wealth Management, LLC 2.61% of their portfolio Memphis, TN 109,441109.4k $8.3m $8.3m 2.61% Added +2.8k +2,814
69 Triangle Securities Wealth Management 2.94% of their portfolio RALEIGH, NC 108,013108.0k $8.2m $8.2m 2.94% Reduced -1.8k -1,756
70 Corient Private Wealth LP 0.02% of their portfolio MIAMI, FL 107,720107.7k $8.2m $8.2m 0.02% Added +59.0k +58,961
71 Resonant Capital Advisors, LLC 0.89% of their portfolio Madison, WI 102,377102.4k $7.8m $7.8m 0.89% Added +8.0k +8,034
72 Perritt Capital Management Inc 4.21% of their portfolio Chicago, IL 99,08799.1k $7.5m $7.5m 4.21% Added +612 +612
73 MATHER GROUP, LLC. 0.13% of their portfolio CHICAGO, IL 97,90297.9k $7.5m $7.5m 0.13% Reduced -369 -369
74 Clark Capital Management Group, Inc. 0.08% of their portfolio PHILADELPHIA, PA 95,45795.5k $7.3m $7.3m 0.08% Added +6.0k +5,987
75 N.E.W. Advisory Services LLC 1.05% of their portfolio DE PERE, WI 94,92094.9k $7.2m $7.2m 1.05% Added +234 +234
76 SIGNATURE ESTATE & INVESTMENT ADVISORS LLC 0.24% of their portfolio LOS ANGELES, CA 90,69490.7k $6.9m $6.9m 0.24% Added +213 +213
77 McAdam, LLC 0.62% of their portfolio Philadelphia, PA 89,71889.7k $6.8m $6.8m 0.62% Reduced -9.2k -9,186
78 NORTHWEST WEALTH MANAGEMENT, LLC 2.60% of their portfolio SPENCER, IA 89,26989.3k $6.8m $6.8m 2.60% Reduced -5.8k -5,762
79 BIP Wealth, LLC 0.75% of their portfolio ATLANTA, GA 88,97489.0k $6.8m $6.8m 0.75% First filing
80 Northern Capital Management, Inc. 5.77% of their portfolio SPOKANE, WA 88,35788.4k $6.7m $6.7m 5.77% Added +3.5k +3,467
81 LPWM LLC 3.14% of their portfolio MINNEAPOLIS, MN 85,86085.9k $6.5m $6.5m 3.14% Added +6.7k +6,685
82 Ledge Wealth Management, Inc. 3.09% of their portfolio SARTELL, MN 85,66085.7k $6.5m $6.5m 3.09% Reduced -409 -409
83 Krilogy Financial LLC 0.54% of their portfolio ST. LOUIS, MO 84,83784.8k $6.5m $6.5m 0.54% Reduced -188.3k -188,314
84 Concord Asset Management, LLC/VA 2.63% of their portfolio ABINGDON, VA 84,22784.2k $6.4m $6.4m 2.63% Added +35.6k +35,569
85 Concord Wealth Partners 1.80% of their portfolio ABINGDON, VA 83,23283.2k $6.3m $6.3m 1.80% Added +17.9k +17,865
86 Raymond James Financial Services Advisors, Inc. 0.01% of their portfolio ST. PETERSBURG, FL 81,54881.5k $6.2m $6.2m 0.01% Reduced -12.3k -12,302
87 Melone Private Wealth, LLC 4.56% of their portfolio AUBURN HILLS, MI 80,67880.7k $6.0m $6.0m 4.56% Added +17.0k +17,024
88 Baird Financial Group, Inc. 0.01% of their portfolio MILWAUKEE, WI 79,77579.8k $6.1m $6.1m 0.01% Added +1.7k +1,697
89 Salomon & Ludwin, LLC 0.70% of their portfolio RICHMOND, VA 76,64276.6k $5.8m $5.8m 0.70% Reduced -305 -305
90 Cambridge Investment Research Advisors, Inc. 0.03% of their portfolio FAIRFIELD, IA 76,00576.0k $5.8m $5.8m 0.03% Reduced -7.0k -6,998
91 Geneos Wealth Management Inc. 0.35% of their portfolio ENGLEWOOD, CO 74,98975.0k $5.7m $5.7m 0.35% Added +14.7k +14,725
92 Diversified, LLC 1.96% of their portfolio Wilmington, DE 71,90771.9k $5.5m $5.5m 1.96% Added +16.5k +16,505
93 MML INVESTORS SERVICES, LLC 0.04% of their portfolio SPRINGFIELD, MA 70,28670.3k $5.4m $5.4m 0.04% Reduced -4.5k -4,468
94 DENVER WEALTH MANAGEMENT, INC. 3.69% of their portfolio DENVER, CO 69,66669.7k $5.3m $5.3m 3.69% Reduced -15.7k -15,693
95 CarsonAllaria Wealth Management, Ltd. 4.46% of their portfolio GLEN CARBON, IL 69,51269.5k $5.3m $5.3m 4.46% Added +752 +752
96 Per Stirling Capital Management, LLC. 1.14% of their portfolio AUSTIN, TX 69,13369.1k $5.3m $5.3m 1.14% Added +103 +103
97 Financial Guidance Group, Inc. 3.99% of their portfolio Palm Harbor, FL 68,95169.0k $5.3m $5.3m 3.99% Reduced -437 -437
98 RITHOLTZ WEALTH MANAGEMENT 0.24% of their portfolio NEW YORK, NY 63,92763.9k $4.9m $4.9m 0.24% Reduced -506 -506
99 CAHILL FINANCIAL ADVISORS INC 0.84% of their portfolio EDINA, MN 61,88161.9k $4.7m $4.7m 0.84% Reduced -889 -889
100 Kades & Cheifetz LLC 3.71% of their portfolio Berwyn, PA 61,78761.8k $4.7m $4.7m 3.71% Reduced -190 -190