Vault-13

SPDR SER TR SLYV

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

554 institutional holders -31 vs Q4 2024
32,496,84032.5m shares reported held*
$2.5bnreported value*
37 new 196 added 227 reduced 61 sold out net bought ≈ $262.6m (+3.4m 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 ($2.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $78.33. Options: 8 managers hold calls ($106.0m notional), 1 hold puts ($70.6k).

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 457Q4 22: 480Q1 23: 471Q2 23: 501Q3 23: 484Q4 23: 536Q1 24: 535Q2 24: 535Q3 24: 552Q4 24: 585Q1 25: 554554Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 2022457
Q4 2022480
Q1 2023471
Q2 2023501
Q3 2023484
Q4 2023536
Q1 2024535
Q2 2024535
Q3 2024552
Q4 2024585
Q1 2025554

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q2 23: 230 bought or addedQ2 23: 202 cut or sold outQ3 23: 214 bought or addedQ3 23: 227 cut or sold outQ3 23Q4 23: 226 bought or addedQ4 23: 232 cut or sold outQ1 24: 232 bought or addedQ1 24: 249 cut or sold outQ1 24Q2 24: 226 bought or addedQ2 24: 252 cut or sold outQ3 24: 249 bought or addedQ3 24: 235 cut or sold outQ3 24Q4 24: 246 bought or addedQ4 24: 234 cut or sold outQ1 25: 233 bought or addedQ1 25: 288 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 2023230202
Q3 2023214227
Q4 2023226232
Q1 2024232249
Q2 2024226252
Q3 2024249235
Q4 2024246234
Q1 2025233288

Calls vs puts

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

CallsPuts
$0$100m$200m$300m$400mQ2 24 calls: $338.5mQ2 24 puts: $0Q2 24P/C 0.00Q3 24 calls: $216.3mQ3 24 puts: $69.5kQ3 24P/C 0.00Q4 24 calls: $184.7mQ4 24 puts: $52.4kQ4 24P/C 0.00Q1 25 calls: $106.0mQ1 25 puts: $70.6kQ1 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q2 2024$338.5m$00.00
Q3 2024$216.3m$69.5k0.00
Q4 2024$184.7m$52.4k0.00
Q1 2025$106.0m$70.6k0.00

Biggest buyers

LPL Financial LLC Added +3,631,170+3.6m
HighTower Advisors, LLC Added +596,819+596.8k
Fragasso Financial Advisors Inc Added +232,067+232.1k
STIFEL FINANCIAL CORP Added +215,830+215.8k
BENJAMIN EDWARDS INC Added +180,735+180.7k
TWO SIGMA INVESTMENTS, LP Added +140,200+140.2k
Geneos Wealth Management Inc. Added +116,652+116.7k
CONFLUENCE INVESTMENT MANAGEMENT LLC New +87,599+87.6k
TBH Global Asset Management, LLC Added +79,053+79.1k
SPX Gestao de Recursos Ltda Added +71,690+71.7k

Biggest sellers

BANK OF AMERICA CORP /DE/ Reduced -369,875-369.9k
Dean, Jacobson Financial Services, LLC Sold out -293,584-293.6k
Focus Partners Wealth Reduced -279,859-279.9k
Trilogy Capital Inc. Reduced -273,162-273.2k
Concord Asset Management, LLC/VA Sold out -112,667-112.7k
Concord Wealth Partners Reduced -110,791-110.8k
Morningstar Investment Services LLC Sold out -85,468-85.5k
ENVESTNET ASSET MANAGEMENT INC Reduced -83,143-83.1k
OSAIC HOLDINGS, INC. Reduced -82,345-82.3k
NWAM LLC Reduced -79,532-79.5k

Biggest calls

IMC-Chicago, LLC Reduced $42.2m520.3k shares
ORACLE INVESTMENT MANAGEMENT INC New $22.7m280.0k shares
JPMORGAN CHASE & CO Reduced $16.3m201.2k shares
GROUP ONE TRADING LLC Reduced $16.2m200.0k shares
GARDA CAPITAL PARTNERS LP Added $5.8m71.8k shares
Maven Securities LTD Reduced $2.5m30.6k shares
CITADEL ADVISORS LLC Reduced $219.5k2.8k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

CITADEL ADVISORS LLC Added $70.6k900 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 LPL Financial LLC 0.16% of their portfolio FORT MILL, SC 5,152,9165.2m $404.0m $404.0m 0.16% Added +3.6m +3,631,170
2 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 2,310,8342.3m $181.2m $181.2m 0.02% Reduced -369.9k -369,875
3 Financial Engines Advisors L.L.C. 0.22% of their portfolio SANTA CLARA, CA 1,308,0801.3m $102.6m $102.6m 0.22% Added +3.6k +3,641
4 Cannon Financial Strategists, Inc. 12.68% of their portfolio ATHENS, GA 942,162942.2k $73.9m $73.9m 12.68% Added +19.2k +19,212
5 Cerity Partners LLC 0.15% of their portfolio NEW YORK, NY 934,927934.9k $73.3m $73.3m 0.15% Added +16.2k +16,163
6 Goelzer Investment Management, Inc. 3.88% of their portfolio CARMEL, IN 854,454854.5k $67.0m $67.0m 3.88% Added +15.9k +15,941
7 NorthRock Partners, LLC 1.98% of their portfolio MINNEAPOLIS, MN 751,823751.8k $58.9m $58.9m 1.98% Added +12.4k +12,438
8 HighTower Advisors, LLC 0.08% of their portfolio CHICAGO, IL 729,986730.0k $57.2m $57.2m 0.08% Added +596.8k +596,819
9 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 692,321692.3k $54.2m $54.2m 0.01% Reduced -27.9k -27,869
10 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.08% of their portfolio PLYMOUTH, MN 550,712550.7k $43.2m $43.2m 0.08% Reduced -504 -504
11 Creative Planning 0.03% of their portfolio OVERLAND PARK, KS 407,894407.9k $32.0m $32.0m 0.03% Reduced -24.4k -24,366
12 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 375,323375.3k $29.4m $29.4m 0.00% Added +57.5k +57,504
13 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 347,867347.9k $27.3m $27.3m 0.01% Reduced -83.1k -83,143
14 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 332,950332.9k $26.1m $26.1m 0.01% Reduced -46.1k -46,075
15 Equitable Holdings, Inc. 0.23% of their portfolio NEW YORK, NY 311,127311.1k $24.4m $24.4m 0.23% Added +17.1k +17,117
16 Rodgers & Associates, LTD 2.93% of their portfolio Lancaster, PA 306,111306.1k $24.0m $24.0m 2.93% Added +7.4k +7,449
17 Evensky & Katz LLC 1.58% of their portfolio CORAL GABLES, FL 299,978300.0k $23.5m $23.5m 1.58% Reduced -2.8k -2,833
18 COMMONWEALTH EQUITY SERVICES, LLC 0.03% of their portfolio WALTHAM, MA 295,183295.2k $23.1m $23.1m 0.03% Reduced -18.4k -18,357
19 Fragasso Financial Advisors Inc 1.68% of their portfolio SEWICKLEY, PA 288,102288.1k $22.6m $22.6m 1.68% Added +232.1k +232,067
20 Focus Partners Wealth 0.06% of their portfolio ST LOUIS, MO 280,583280.6k $22.0m $22.0m 0.06% Reduced -279.9k -279,859
21 BRANDYWINE OAK PRIVATE WEALTH LLC 2.07% of their portfolio Kennett Square, PA 269,163269.2k $21.1m $21.1m 2.07% Added +18.5k +18,463
22 Klingman & Associates, LLC 1.26% of their portfolio New York, NY 262,088262.1k $20.5m $20.5m 1.26% Added +7.1k +7,139
23 American Financial Advisors, LLC 2.94% of their portfolio Marietta, GA 258,388258.4k $20.3m $20.3m 2.94% Reduced -4.7k -4,716
24 Roberts Financial Services LLC 3.91% of their portfolio MARQUETTE, MI 256,415256.4k $20.1m $20.1m 3.91% Added +1.6k +1,606
25 Convergence Financial, LLC 3.69% of their portfolio COLUMBIA, MO 239,950239.9k $18.8m $18.8m 3.69% Added +5.9k +5,878
26 STIFEL FINANCIAL CORP 0.02% of their portfolio ST. LOUIS, MO 222,036222.0k $17.4m $17.4m 0.02% Added +215.8k +215,830
27 KWB Wealth 2.30% of their portfolio REDLANDS, CA 218,103218.1k $19.0m $19.0m 2.30% Reduced -14.8k -14,801
28 PURE PORTFOLIOS HOLDINGS LLC 6.26% of their portfolio LAKE OSWEGO, OR 217,254217.3k $17.0m $17.0m 6.26% Added +1.1k +1,148
29 OSAIC HOLDINGS, INC. 0.04% of their portfolio SCOTTSDALE, AZ 216,932216.9k $17.0m $17.0m 0.04% Reduced -82.3k -82,345
30 CANANDAIGUA NATIONAL BANK & TRUST CO 1.68% of their portfolio CANANDAIGUA, NY 214,951215.0k $16.9m $16.9m 1.68% Added +8.8k +8,819
31 SPX Gestao de Recursos Ltda 2.16% of their portfolio RIO DE JANEIRO, D5 213,190213.2k $16.7m $16.7m 2.16% Added +71.7k +71,690
32 BENJAMIN EDWARDS INC 0.23% of their portfolio Clayton, MO 212,503212.5k $16.7m $16.7m 0.23% Added +180.7k +180,735
33 Geneos Wealth Management Inc. 0.23% of their portfolio ENGLEWOOD, CO 205,455205.5k $16.1m $16.1m 0.23% Added +116.7k +116,652
34 Wrenne Financial Planning LLC 7.99% of their portfolio Lexington, KY 191,798191.8k $15.0m $15.0m 7.99% Added +15.0k +15,042
35 First National Trust Co 0.60% of their portfolio Johnstown, PA 189,051189.1k $14.8m $14.8m 0.60% Reduced -7.2k -7,165
36 Redwood Investment Management, LLC 1.59% of their portfolio SCOTTSDALE, AZ 186,676186.7k $14.6m $14.6m 1.59% Added +28.5k +28,497
37 FAS Wealth Partners, Inc. 1.19% of their portfolio LEAWOOD, KS 186,311186.3k $14.6m $14.6m 1.19% Added +6.3k +6,312
38 Avior Wealth Management, LLC 0.54% of their portfolio OMAHA, NE 182,976183.0k $14.3m $14.3m 0.54% Reduced -23.4k -23,379
39 GHP Investment Advisors, Inc. 0.66% of their portfolio Denver, CO 174,495174.5k $13.7m $13.7m 0.66% Added +1.1k +1,103
40 N.E.W. Advisory Services LLC 0.97% of their portfolio DE PERE, WI 162,095162.1k $12.7m $12.7m 0.97% Added +58.1k +58,092
41 TIAA TRUST, NATIONAL ASSOCIATION 0.04% of their portfolio CHARLOTTE, NC 162,069162.1k $12.7m $12.7m 0.04% Added +13.3k +13,308
42 Lutz Financial Services LLC 1.04% of their portfolio OMAHA, NE 161,915161.9k $12.7m $12.7m 1.04% Added +222 +222
43 Marathon Mission, Inc. 8.75% of their portfolio ALBANY, NY 159,503159.5k $12.5m $12.5m 8.75% Reduced -1.5k -1,502
44 Key Financial Inc 2.71% of their portfolio WEST CHESTER, PA 158,733158.7k $12.4m $12.4m 2.71% Reduced -3.9k -3,913
45 Financial Strategies Group, Inc. 2.63% of their portfolio OKEMOS, MI 158,182158.2k $11.1m $11.1m 2.63% Reduced -101 -101
46 IHT Wealth Management, LLC 0.39% of their portfolio Chicago, IL 157,351157.4k $12.3m $12.3m 0.39% Added +10.6k +10,612
47 TWO SIGMA INVESTMENTS, LP 0.03% of their portfolio NEW YORK, NY 156,752156.8k $12.3m $12.3m 0.03% Added +140.2k +140,200
48 SAGE FINANCIAL GROUP INC 0.99% of their portfolio W. CONSHOHOCKEN, PA 156,344156.3k $12.3m $12.3m 0.99% Added +623 +623
49 Avantax Planning Partners, Inc. 0.43% of their portfolio DUBUQUE, IA 153,312153.3k $12.0m $12.0m 0.43% Added +16.5k +16,510
50 UBS Group AG 0.00% of their portfolio ZURICH, V8 149,785149.8k $11.7m $11.7m 0.00% Reduced -2.1k -2,141
51 Graney & King, LLC 8.26% of their portfolio LATHAM, NY 141,499141.5k $11.1m $11.1m 8.26% Added +5.7k +5,731
52 Capasso Planning Partners LLC 4.50% of their portfolio CHARLESTON, SC 136,990137.0k $10.7m $10.7m 4.50% Added +781 +781
53 Optimist Retirement Group LLC 5.30% of their portfolio BELLEVUE, WA 135,074135.1k $10.6m $10.6m 5.30% Added +796 +796
54 Mariner, LLC 0.02% of their portfolio Overland Park, KS 131,103131.1k $10.3m $10.3m 0.02% Added +6.3k +6,257
55 WCG Wealth Advisors LLC 0.77% of their portfolio LAS VEGAS, NV 128,416128.4k $10.1m $10.1m 0.77% Reduced -19.2k -19,151
56 Triangle Securities Wealth Management 2.52% of their portfolio RALEIGH, NC 125,137125.1k $9.8m $9.8m 2.52% Added +823 +823
57 BIP Wealth, LLC 0.64% of their portfolio ATLANTA, GA 124,551124.6k $9.8m $9.8m 0.64% Added +15.8k +15,755
58 Perritt Capital Management Inc 5.08% of their portfolio Chicago, IL 117,468117.5k $9.2m $9.2m 5.08% Added +2.4k +2,403
59 Asset Dedication, LLC 0.72% of their portfolio SAN FRANCISCO, CA 112,588112.6k $8.8m $8.8m 0.72% Reduced -17.3k -17,275
60 BALANCED WEALTH GROUP LLC 4.24% of their portfolio WESTLAKE, OH 112,003112.0k $8.8m $8.8m 4.24% Added +1.1k +1,072
61 Baird Financial Group, Inc. 0.02% of their portfolio MILWAUKEE, WI 111,029111.0k $8.7m $8.7m 0.02% Added +1.6k +1,640
62 Cambridge Investment Research Advisors, Inc. 0.03% of their portfolio FAIRFIELD, IA 110,695110.7k $8.7m $8.7m 0.03% Added +800 +800
63 One Day In July LLC 0.87% of their portfolio BURLINGTON, VT 110,244110.2k $8.6m $8.6m 0.87% Added +20.4k +20,420
64 Rockbridge Investment Management, LCC 1.02% of their portfolio Syracuse, NY 109,541109.5k $8.6m $8.6m 1.02% Reduced -3.3k -3,282
65 MERCER GLOBAL ADVISORS INC /ADV 0.02% of their portfolio DENVER, CO 108,699108.7k $8.5m $8.5m 0.02% Reduced -266 -266
66 CarsonAllaria Wealth Management, Ltd. 4.87% of their portfolio GLEN CARBON, IL 107,223107.2k $8.4m $8.4m 4.87% Added +3.3k +3,278
67 Focus Partners Advisor Solutions, LLC 0.13% of their portfolio SAINT LOUIS, MO 105,923105.9k $8.3m $8.3m 0.13% Reduced -8.1k -8,124
68 Modera Wealth Management, LLC 0.11% of their portfolio WESTWOOD, NJ 99,48299.5k $7.8m $7.8m 0.11% Reduced -2.9k -2,947
69 Diversified Enterprises, LLC 0.62% of their portfolio Wilmington, DE 94,23694.2k $7.4m $7.4m 0.62% Added +5.8k +5,809
70 MATHER GROUP, LLC. 0.08% of their portfolio CHICAGO, IL 89,05289.1k $7.0m $7.0m 0.08% Reduced -4.9k -4,912
71 CONFLUENCE INVESTMENT MANAGEMENT LLC 0.10% of their portfolio ST. LOUIS, MO 87,59987.6k $6.9m $6.9m 0.10% New
72 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 86,01186.0k $6.7m $6.7m 0.01% Added +14.5k +14,470
73 LPWM LLC 2.17% of their portfolio MINNEAPOLIS, MN 85,97986.0k $6.7m $6.7m 2.17% Added +5.0k +4,971
74 Cambridge Financial Group, LLC 2.74% of their portfolio TUCSON, AZ 82,47282.5k $6.5m $6.5m 2.74% Reduced -365 -365
75 TBH Global Asset Management, LLC 0.63% of their portfolio Brentwood, TN 81,94181.9k $3.3m $3.3m 0.63% Added +79.1k +79,053
76 Clark Capital Management Group, Inc. 0.04% of their portfolio PHILADELPHIA, PA 79,56379.6k $6.2m $6.2m 0.04% Added +6.1k +6,117
77 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 77,21877.2k $6.1m $6.1m 0.00% Reduced -3.1k -3,057
78 Trilogy Capital Inc. 0.32% of their portfolio IRVINE, CA 77,05477.1k $6.0m $6.0m 0.32% Reduced -273.2k -273,162
79 MML INVESTORS SERVICES, LLC 0.02% of their portfolio SPRINGFIELD, MA 76,77076.8k $6.0m $6.0m 0.02% Reduced -319 -319
80 Private Advisor Group, LLC 0.04% of their portfolio MORRISTOWN, NJ 75,52875.5k $5.9m $5.9m 0.04% Reduced -16.2k -16,179
81 FINANCIAL COUNSELORS INC 0.09% of their portfolio Overland Park, KS 73,94373.9k $5.8m $5.8m 0.09% Reduced -2.2k -2,197
82 AIRE ADVISORS, LLC 1.22% of their portfolio BEVERLY HILLS, CA 73,93573.9k $5.8m $5.8m 1.22% Reduced -1.4k -1,444
83 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 73,91673.9k $5.8m $5.8m 0.00% Reduced -1.4k -1,372
84 TOWNSQUARE CAPITAL LLC 0.06% of their portfolio Lehi, UT 72,72772.7k $5.7m $5.7m 0.06% Added +4.7k +4,682
85 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 71,62371.6k $5.6m $5.6m 0.00% Reduced -55.1k -55,062
86 NWAM LLC 0.47% of their portfolio MERCER ISLAND, WA 69,76769.8k $5.5m $5.5m 0.47% Reduced -79.5k -79,532
87 NORTHWEST WEALTH MANAGEMENT, LLC 1.06% of their portfolio SPENCER, IA 68,14168.1k $5.3m $5.3m 1.06% Reduced -6.7k -6,724
88 WealthShield Partners, LLC 0.68% of their portfolio CARY, NC 67,03467.0k $5.3m $5.3m 0.68% Added +170 +170
89 SIGNATURE ESTATE & INVESTMENT ADVISORS LLC 0.14% of their portfolio LOS ANGELES, CA 66,14566.1k $5.2m $5.2m 0.14% Added +1.2k +1,242
90 Corient Private Wealth LP 0.01% of their portfolio MIAMI, FL 65,33465.3k $5.1m $5.1m 0.01% Reduced -7.6k -7,563
91 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 62,56062.6k $4.9m $4.9m 0.00% Added +17.9k +17,949
92 Facet Wealth, Inc. 0.12% of their portfolio WEST PALM BEACH, FL 62,38062.4k $4.7m $4.7m 0.12% Added +34.6k +34,627
93 McAdam, LLC 0.29% of their portfolio Philadelphia, PA 60,15460.2k $4.7m $4.7m 0.29% Added +79 +79
94 CORNERSTONE ADVISORS ASSET MANAGEMENT, LLC 0.95% of their portfolio BETHLEHEM, PA 59,29359.3k $4.6m $4.6m 0.95% Reduced -3.0k -3,002
95 Palisades Hudson Asset Management, L.P. 2.09% of their portfolio FORT LAUDERDALE, FL 58,60958.6k $4.6m $4.6m 2.09% Added +137 +137
96 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 57,90357.9k $4.5m $4.5m 0.01% Reduced -25.2k -25,167
97 RITHOLTZ WEALTH MANAGEMENT 0.14% of their portfolio NEW YORK, NY 57,85057.9k $4.5m $4.5m 0.14% Reduced -925 -925
98 INTERACTIVE FINANCIAL ADVISORS, INC. 2.38% of their portfolio New Lenox, IL 57,39257.4k $4.5m $4.5m 2.38% Added +2.4k +2,384
99 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 56,20756.2k $4.4m $4.4m 0.00% Reduced -6.8k -6,788
100 Salomon & Ludwin, LLC 0.47% of their portfolio RICHMOND, VA 56,01256.0k $4.4m $4.4m 0.47% Reduced -451 -451