Vault-13

SPDR SER TR SLYV

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

554 institutional holders +0 vs Q1 2025
30,434,07730.4m shares reported held*
$2.4bnreported value*
41 new 178 added 230 reduced 44 sold out net sold ≈ $171.7m (-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 ($1.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $79.87. Options: 6 managers hold calls ($128.3m notional), 0 hold puts (—).

Trends to Q2 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: 554Q2 25: 554554Q3 22Q2 23Q1 24Q4 24Q2 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
Q2 2025554

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q3 23: 214 bought or addedQ3 23: 227 cut or sold outQ4 23: 226 bought or addedQ4 23: 232 cut or sold outQ4 23Q1 24: 232 bought or addedQ1 24: 249 cut or sold outQ2 24: 226 bought or addedQ2 24: 252 cut or sold outQ2 24Q3 24: 249 bought or addedQ3 24: 235 cut or sold outQ4 24: 246 bought or addedQ4 24: 234 cut or sold outQ4 24Q1 25: 233 bought or addedQ1 25: 288 cut or sold outQ2 25: 219 bought or addedQ2 25: 274 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023214227
Q4 2023226232
Q1 2024232249
Q2 2024226252
Q3 2024249235
Q4 2024246234
Q1 2025233288
Q2 2025219274

Calls vs puts

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

CallsPuts
$0$100m$200m$300mQ3 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 0.00Q2 25 calls: $128.3mQ2 25 puts: $0Q2 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2024$216.3m$69.5k0.00
Q4 2024$184.7m$52.4k0.00
Q1 2025$106.0m$70.6k0.00
Q2 2025$128.3m$00.00

Biggest buyers

LPL Financial LLC Added +159,335+159.3k
CWM, LLC Added +92,329+92.3k
Financial Engines Advisors L.L.C. Added +66,853+66.9k
MORGAN STANLEY Added +66,844+66.8k
Symphony Financial, Ltd. Co. Added +63,139+63.1k
ROYAL BANK OF CANADA Added +61,537+61.5k
HighTower Advisors, LLC Added +56,229+56.2k
Farther Finance Advisors, LLC Added +51,131+51.1k
Avantax Planning Partners, Inc. Added +48,910+48.9k
GTS SECURITIES LLC New +44,809+44.8k

Biggest sellers

Cerity Partners LLC Reduced -629,230-629.2k
STIFEL FINANCIAL CORP Reduced -216,392-216.4k
BENJAMIN EDWARDS INC Reduced -179,103-179.1k
TWO SIGMA INVESTMENTS, LP Sold out -156,752-156.8k
BANK OF AMERICA CORP /DE/ Reduced -135,717-135.7k
Roberts Financial Services LLC Reduced -122,287-122.3k
SPX Gestao de Recursos Ltda Reduced -109,095-109.1k
Marathon Mission, Inc. Reduced -105,618-105.6k
N.E.W. Advisory Services LLC Reduced -104,256-104.3k
WELLS FARGO & COMPANY/MN Reduced -102,682-102.7k

Biggest calls

IMC-Chicago, LLC Added $62.5m753.4k shares
GROUP ONE TRADING LLC Added $32.6m392.5k shares
JPMORGAN CHASE & CO Reduced $16.6m200.0k shares
SILVERARC CAPITAL MANAGEMENT, LLC New $16.6m200.0k shares
Persistent Asset Partners Ltd New $90.8k230 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 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 LPL Financial LLC 0.14% of their portfolio FORT MILL, SC 5,312,2515.3m $423.7m $423.7m 0.14% Added +159.3k +159,335
2 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 2,175,1172.2m $173.5m $173.5m 0.01% Reduced -135.7k -135,717
3 Financial Engines Advisors L.L.C. 0.22% of their portfolio SANTA CLARA, CA 1,374,9331.4m $109.7m $109.7m 0.22% Added +66.9k +66,853
4 Cannon Financial Strategists, Inc. 12.00% of their portfolio ATHENS, GA 952,755952.8k $76.0m $76.0m 12.00% Added +10.6k +10,593
5 Goelzer Investment Management, Inc. 3.87% of their portfolio CARMEL, IN 885,572885.6k $70.6m $70.6m 3.87% Added +31.1k +31,118
6 NorthRock Partners, LLC 1.64% of their portfolio MINNEAPOLIS, MN 788,734788.7k $62.9m $62.9m 1.64% Added +36.9k +36,911
7 HighTower Advisors, LLC 0.08% of their portfolio CHICAGO, IL 786,215786.2k $62.7m $62.7m 0.08% Added +56.2k +56,229
8 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 672,685672.7k $53.5m $53.5m 0.01% Reduced -19.6k -19,636
9 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.06% of their portfolio PLYMOUTH, MN 465,960466.0k $38.8m $38.8m 0.06% Reduced -84.8k -84,752
10 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 442,167442.2k $35.3m $35.3m 0.00% Added +66.8k +66,844
11 Creative Planning 0.03% of their portfolio OVERLAND PARK, KS 380,649380.6k $30.4m $30.4m 0.03% Reduced -27.2k -27,245
12 Rodgers & Associates, LTD 2.95% of their portfolio Lancaster, PA 336,515336.5k $26.8m $26.8m 2.95% Added +30.4k +30,404
13 Equitable Holdings, Inc. 0.22% of their portfolio NEW YORK, NY 327,205327.2k $26.1m $26.1m 0.22% Added +16.1k +16,078
14 Fragasso Financial Advisors Inc 1.66% of their portfolio SEWICKLEY, PA 309,343309.3k $24.7m $24.7m 1.66% Added +21.2k +21,241
15 Cerity Partners LLC 0.04% of their portfolio NEW YORK, NY 305,697305.7k $24.4m $24.4m 0.04% Reduced -629.2k -629,230
16 Evensky & Katz LLC 1.41% of their portfolio CORAL GABLES, FL 289,773289.8k $23.1m $23.1m 1.41% Reduced -10.2k -10,205
17 BRANDYWINE OAK PRIVATE WEALTH LLC 2.11% of their portfolio Kennett Square, PA 285,410285.4k $22.8m $22.8m 2.11% Added +16.2k +16,247
18 Klingman & Associates, LLC 1.25% of their portfolio New York, NY 284,381284.4k $22.7m $22.7m 1.25% Added +22.3k +22,293
19 Focus Partners Wealth 0.05% of their portfolio ST LOUIS, MO 279,097279.1k $22.3m $22.3m 0.05% Reduced -1.5k -1,486
20 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 265,081265.1k $21.1m $21.1m 0.01% Reduced -82.8k -82,786
21 American Financial Advisors, LLC 2.83% of their portfolio Marietta, GA 254,108254.1k $20.3m $20.3m 2.83% Reduced -4.3k -4,280
22 OSAIC HOLDINGS, INC. 0.03% of their portfolio SCOTTSDALE, AZ 243,720243.7k $19.4m $19.4m 0.03% Added +26.8k +26,788
23 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 230,268230.3k $18.4m $18.4m 0.00% Reduced -102.7k -102,682
24 CANANDAIGUA NATIONAL BANK & TRUST CO 1.56% of their portfolio CANANDAIGUA, NY 211,011211.0k $16.8m $16.8m 1.56% Reduced -3.9k -3,940
25 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 206,077206.1k $16.4m $16.4m 0.02% Reduced -89.1k -89,106
26 Convergence Financial, LLC 2.78% of their portfolio COLUMBIA, MO 202,579202.6k $16.2m $16.2m 2.78% Reduced -37.4k -37,371
27 Avantax Planning Partners, Inc. 0.51% of their portfolio DUBUQUE, IA 202,222202.2k $16.1m $16.1m 0.51% Added +48.9k +48,910
28 First National Trust Co 0.59% of their portfolio Johnstown, PA 198,055198.1k $15.8m $15.8m 0.59% Added +9.0k +9,004
29 Key Financial Inc 3.02% of their portfolio WEST CHESTER, PA 187,926187.9k $15.0m $15.0m 3.02% Added +29.2k +29,193
30 Wrenne Financial Planning LLC 6.76% of their portfolio Lexington, KY 181,275181.3k $14.5m $14.5m 6.76% Reduced -10.5k -10,523
31 PURE PORTFOLIOS HOLDINGS LLC 4.88% of their portfolio LAKE OSWEGO, OR 180,752180.8k $14.4m $14.4m 4.88% Reduced -36.5k -36,502
32 GHP Investment Advisors, Inc. 0.63% of their portfolio Denver, CO 177,470177.5k $14.2m $14.2m 0.63% Added +3.0k +2,975
33 UBS Group AG 0.00% of their portfolio ZURICH, V8 171,091171.1k $13.6m $13.6m 0.00% Added +21.3k +21,306
34 TIAA TRUST, NATIONAL ASSOCIATION 0.04% of their portfolio CHARLOTTE, NC 169,951170.0k $13.6m $13.6m 0.04% Added +7.9k +7,882
35 Financial Strategies Group, Inc. 2.89% of their portfolio OKEMOS, MI 166,625166.6k $13.9m $13.9m 2.89% Added +8.4k +8,443
36 FAS Wealth Partners, Inc. 0.95% of their portfolio LEAWOOD, KS 160,891160.9k $12.8m $12.8m 0.95% Reduced -25.4k -25,420
37 SAGE FINANCIAL GROUP INC 0.93% of their portfolio W. CONSHOHOCKEN, PA 157,831157.8k $12.6m $12.6m 0.93% Added +1.5k +1,487
38 Graney & King, LLC 8.12% of their portfolio LATHAM, NY 151,593151.6k $12.1m $12.1m 8.12% Added +10.1k +10,094
39 CWM, LLC 0.04% of their portfolio OMAHA, NE 147,768147.8k $11.8m $11.8m 0.04% Added +92.3k +92,329
40 Lutz Financial Services LLC 0.91% of their portfolio OMAHA, NE 147,502147.5k $11.8m $11.8m 0.91% Reduced -14.4k -14,413
41 WCG Wealth Advisors LLC 0.75% of their portfolio LAS VEGAS, NV 146,171146.2k $11.7m $11.7m 0.75% Added +17.8k +17,755
42 KWB Wealth 1.35% of their portfolio REDLANDS, CA 142,177142.2k $11.1m $11.1m 1.35% Reduced -75.9k -75,926
43 One Day In July LLC 1.03% of their portfolio BURLINGTON, VT 142,125142.1k $11.3m $11.3m 1.03% Added +31.9k +31,881
44 Optimist Retirement Group LLC 5.38% of their portfolio BELLEVUE, WA 140,613140.6k $11.2m $11.2m 5.38% Added +5.5k +5,539
45 BIP Wealth, LLC 0.69% of their portfolio ATLANTA, GA 139,658139.7k $11.1m $11.1m 0.69% Added +15.1k +15,107
46 Roberts Financial Services LLC 3.69% of their portfolio MARQUETTE, MI 134,128134.1k $10.7m $10.7m 3.69% Reduced -122.3k -122,287
47 IHT Wealth Management, LLC 0.29% of their portfolio Chicago, IL 130,646130.6k $10.4m $10.4m 0.29% Reduced -26.7k -26,705
48 Redwood Investment Management, LLC 1.09% of their portfolio SCOTTSDALE, AZ 129,038129.0k $10.3m $10.3m 1.09% Reduced -57.6k -57,638
49 BALANCED WEALTH GROUP LLC 4.46% of their portfolio WESTLAKE, OH 127,089127.1k $10.3m $10.3m 4.46% Added +15.1k +15,086
50 Perritt Capital Management Inc 5.17% of their portfolio Chicago, IL 125,524125.5k $10.0m $10.0m 5.17% Added +8.1k +8,056
51 Triangle Securities Wealth Management 2.41% of their portfolio RALEIGH, NC 122,855122.9k $9.8m $9.8m 2.41% Reduced -2.3k -2,282
52 Asset Dedication, LLC 0.69% of their portfolio SAN FRANCISCO, CA 118,833118.8k $9.5m $9.5m 0.69% Added +6.2k +6,245
53 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 117,744117.7k $9.4m $9.4m 0.00% Added +61.5k +61,537
54 Cambridge Investment Research Advisors, Inc. 0.03% of their portfolio FAIRFIELD, IA 117,116117.1k $9.3m $9.3m 0.03% Added +6.4k +6,421
55 Baird Financial Group, Inc. 0.02% of their portfolio MILWAUKEE, WI 112,629112.6k $9.0m $9.0m 0.02% Added +1.6k +1,600
56 CarsonAllaria Wealth Management, Ltd. 4.72% of their portfolio GLEN CARBON, IL 110,291110.3k $8.8m $8.8m 4.72% Added +3.1k +3,068
57 Geneos Wealth Management Inc. 0.21% of their portfolio ENGLEWOOD, CO 110,056110.1k $8.8m $8.8m 0.21% Reduced -95.4k -95,399
58 Mariner, LLC 0.01% of their portfolio Overland Park, KS 108,254108.3k $8.6m $8.6m 0.01% Reduced -22.8k -22,849
59 Rockbridge Investment Management, LCC 0.90% of their portfolio Syracuse, NY 105,561105.6k $8.4m $8.4m 0.90% Reduced -4.0k -3,980
60 SPX Gestao de Recursos Ltda 0.78% of their portfolio RIO DE JANEIRO, D5 104,095104.1k $8.3m $8.3m 0.78% Reduced -109.1k -109,095
61 Focus Partners Advisor Solutions, LLC 0.11% of their portfolio SAINT LOUIS, MO 101,732101.7k $8.1m $8.1m 0.11% Reduced -4.2k -4,191
62 Symphony Financial, Ltd. Co. 1.07% of their portfolio HOUSTON, TX 100,456100.5k $8.2m $8.2m 1.07% Added +63.1k +63,139
63 LPWM LLC 2.26% of their portfolio MINNEAPOLIS, MN 97,23797.2k $7.8m $7.8m 2.26% Added +11.3k +11,258
64 Modera Wealth Management, LLC 0.09% of their portfolio WESTWOOD, NJ 94,85494.9k $7.6m $7.6m 0.09% Reduced -4.6k -4,628
65 NWAM LLC 0.42% of their portfolio MERCER ISLAND, WA 91,31691.3k $7.3m $7.3m 0.42% Added +21.5k +21,549
66 Avior Wealth Management, LLC 0.24% of their portfolio OMAHA, NE 88,59388.6k $7.1m $7.1m 0.24% Reduced -94.4k -94,383
67 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 88,38588.4k $7.0m $7.0m 0.00% Added +14.5k +14,469
68 MATHER GROUP, LLC. 0.07% of their portfolio CHICAGO, IL 87,66687.7k $7.0m $7.0m 0.07% Reduced -1.4k -1,386
69 Diversified Enterprises, LLC 0.51% of their portfolio Wilmington, DE 86,11486.1k $6.9m $6.9m 0.51% Reduced -8.1k -8,122
70 Private Advisor Group, LLC 0.04% of their portfolio MORRISTOWN, NJ 84,52984.5k $6.7m $6.7m 0.04% Added +9.0k +9,001
71 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 82,29482.3k $6.6m $6.6m 0.01% Reduced -3.7k -3,717
72 Cambridge Financial Group, LLC 2.45% of their portfolio TUCSON, AZ 81,98882.0k $6.5m $6.5m 2.45% Reduced -484 -484
73 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 79,70279.7k $6.4m $6.4m 0.00% Added +8.1k +8,079
74 Trilogy Capital Inc. 0.31% of their portfolio IRVINE, CA 79,51779.5k $6.3m $6.3m 0.31% Added +2.5k +2,463
75 MML INVESTORS SERVICES, LLC 0.02% of their portfolio SPRINGFIELD, MA 79,35079.3k $6.3m $6.3m 0.02% Added +2.6k +2,580
76 Capasso Planning Partners LLC 3.49% of their portfolio CHARLESTON, SC 77,34777.3k $6.2m $6.2m 3.49% Reduced -59.6k -59,643
77 MERCER GLOBAL ADVISORS INC /ADV 0.01% of their portfolio DENVER, CO 77,04677.0k $6.1m $6.1m 0.01% Reduced -31.7k -31,653
78 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 77,03177.0k $6.2m $6.2m 0.00% Added +14.5k +14,471
79 Midwest Trust Co 0.08% of their portfolio Overland Park, KS 75,93275.9k $6.1m $6.1m 0.08% First filing
80 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 74,31974.3k $5.9m $5.9m 0.00% Reduced -2.9k -2,899
81 WealthShield Partners, LLC 0.71% of their portfolio CARY, NC 74,08974.1k $5.9m $5.9m 0.71% Added +7.1k +7,055
82 Farther Finance Advisors, LLC 0.11% of their portfolio SAN FRANCISCO, CA 69,58969.6k $5.6m $5.6m 0.11% Added +51.1k +51,131
83 AIRE ADVISORS, LLC 1.07% of their portfolio BEVERLY HILLS, CA 69,25969.3k $5.5m $5.5m 1.07% Reduced -4.7k -4,676
84 SIGNATURE ESTATE & INVESTMENT ADVISORS LLC 0.13% of their portfolio LOS ANGELES, CA 68,76868.8k $5.5m $5.5m 0.13% Added +2.6k +2,623
85 RITHOLTZ WEALTH MANAGEMENT 0.12% of their portfolio NEW YORK, NY 67,56367.6k $5.4m $5.4m 0.12% Added +9.7k +9,713
86 NORTHWEST WEALTH MANAGEMENT, LLC 0.97% of their portfolio SPENCER, IA 66,98567.0k $5.3m $5.3m 0.97% Reduced -1.2k -1,156
87 McAdam, LLC 0.28% of their portfolio Philadelphia, PA 63,84263.8k $5.1m $5.1m 0.28% Added +3.7k +3,688
88 Palisades Hudson Asset Management, L.P. 1.96% of their portfolio FORT LAUDERDALE, FL 62,70262.7k $5.0m $5.0m 1.96% Added +4.1k +4,093
89 WALLER FINANCIAL PLANNING GROUP, INC 1.16% of their portfolio COLUMBUS, OH 60,04360.0k $4.8m $4.8m 1.16% Added +13.0k +12,954
90 Corient Private Wealth LP 0.01% of their portfolio MIAMI, FL 59,38759.4k $4.7m $4.7m 0.01% Reduced -5.9k -5,947
91 CORNERSTONE ADVISORS ASSET MANAGEMENT, LLC 0.91% of their portfolio BETHLEHEM, PA 59,29359.3k $4.7m $4.7m 0.91% Unchanged
92 STEVENS CAPITAL PARTNERS 1.70% of their portfolio OMAHA, NE 58,43058.4k $4.7m $4.7m 1.70% Added +10.8k +10,758
93 N.E.W. Advisory Services LLC 0.45% of their portfolio DE PERE, WI 57,83957.8k $4.6m $4.6m 0.45% Reduced -104.3k -104,256
94 Melone Private Wealth, LLC 2.33% of their portfolio AUBURN HILLS, MI 56,81056.8k $4.6m $4.6m 2.33% Added +1.9k +1,927
95 Strategies Wealth Advisors, LLC 0.49% of their portfolio GRAND RAPIDS, MI 56,61156.6k $4.5m $4.5m 0.49% Added +23.1k +23,054
96 Financial Advocates Investment Management 0.37% of their portfolio OLYMPIA, WA 56,42756.4k $4.5m $4.5m 0.37% Added +10.5k +10,508
97 INTERACTIVE FINANCIAL ADVISORS, INC. 2.18% of their portfolio New Lenox, IL 56,08856.1k $4.5m $4.5m 2.18% Reduced -1.3k -1,304
98 Kingsview Wealth Management, LLC 0.08% of their portfolio GRANTS PASS, OR 55,73155.7k $4.4m $4.4m 0.08% Added +3.4k +3,393
99 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 54,91754.9k $4.4m $4.4m 0.01% Reduced -3.0k -2,986
100 Salomon & Ludwin, LLC 0.44% of their portfolio RICHMOND, VA 54,18654.2k $4.5m $4.5m 0.44% Reduced -1.8k -1,826