Vault-13

SPDR SER TR SLYV

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

588 institutional holders +24 vs Q3 2025
30,031,52830.0m shares reported held*
$2.7bnreported value*
38 new 179 added 244 reduced 38 sold out net sold ≈ $105.9m (-1.2m 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 ($1.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $91.11. Options: 7 managers hold calls ($199.4m notional), 0 hold puts (—).

Trends to Q4 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: 554Q3 25: 564Q4 25: 588588Q3 22Q2 23Q1 24Q4 24Q4 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
Q3 2025564
Q4 2025588

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q1 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 25Q3 25: 223 bought or addedQ3 25: 271 cut or sold outQ4 25: 217 bought or addedQ4 25: 282 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024232249
Q2 2024226252
Q3 2024249235
Q4 2024246234
Q1 2025233288
Q2 2025219274
Q3 2025223271
Q4 2025217282

Calls vs puts

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

CallsPuts
$0$100m$200m$300mQ1 25 calls: $106.0mQ1 25 puts: $70.6kQ1 25P/C 0.00Q2 25 calls: $128.3mQ2 25 puts: $0Q2 25P/C 0.00Q3 25 calls: $211.8mQ3 25 puts: $0Q3 25P/C 0.00Q4 25 calls: $199.4mQ4 25 puts: $0Q4 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q1 2025$106.0m$70.6k0.00
Q2 2025$128.3m$00.00
Q3 2025$211.8m$00.00
Q4 2025$199.4m$00.00

Biggest buyers

WCG Wealth Advisors LLC Added +238,253+238.3k
LPL Financial LLC Added +141,113+141.1k
Rothschild Wealth LLC New +126,913+126.9k
Focus Partners Advisor Solutions, LLC Added +65,013+65.0k
Corient Private Wealth LP Added +55,118+55.1k
N.E.W. Advisory Services LLC Added +51,508+51.5k
MORGAN STANLEY Added +44,973+45.0k
JONES FINANCIAL COMPANIES LLLP Added +23,278+23.3k
Savant Capital, LLC Added +21,405+21.4k
AMERIPRISE FINANCIAL INC Added +20,417+20.4k

Biggest sellers

BANK OF AMERICA CORP /DE/ Reduced -903,408-903.4k
OSAIC HOLDINGS, INC. Reduced -162,170-162.2k
Perritt Capital Management Inc Sold out -126,526-126.5k
KWB Wealth Reduced -116,147-116.1k
IHT Wealth Management, LLC Reduced -68,874-68.9k
HighTower Advisors, LLC Reduced -47,907-47.9k
CITADEL ADVISORS LLC Reduced -41,250-41.2k
Melone Private Wealth, LLC Reduced -38,486-38.5k
Total Wealth Planning, LLC Reduced -36,536-36.5k
RAYMOND JAMES FINANCIAL INC Reduced -35,153-35.2k

Biggest calls

IMC-Chicago, LLC Added $103.2m846.0k shares
GROUP ONE TRADING LLC Added $67.0m549.2k shares
JPMORGAN CHASE & CO Reduced $18.3m150.0k shares
Maven Securities LTD Added $9.7m79.7k shares
SG Americas Securities, LLC New $677.0k200.0k shares
CITADEL ADVISORS LLC New $327.5k3.6k shares
JANE STREET GROUP, LLC New $236.5k2.6k 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, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LPL Financial LLC 0.14% of their portfolio FORT MILL, SC 5,653,5625.7m $514.3m $514.3m 0.14% Added +141.1k +141,113
2 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 1,369,6041.4m $124.6m $124.6m 0.01% Reduced -903.4k -903,408
3 Financial Engines Advisors L.L.C. 0.20% of their portfolio SANTA CLARA, CA 1,160,5301.2m $105.6m $105.6m 0.20% Reduced -34.1k -34,117
4 Cannon Financial Strategists, Inc. 12.67% of their portfolio ATHENS, GA 1,001,9461.0m $91.1m $91.1m 12.67% Added +7.8k +7,803
5 Goelzer Investment Management, Inc. 3.71% of their portfolio CARMEL, IN 879,145879.1k $80.0m $80.0m 3.71% Added +578 +578
6 NorthRock Partners, LLC 1.20% of their portfolio MINNEAPOLIS, MN 781,673781.7k $71.1m $71.1m 1.20% Reduced -6.5k -6,526
7 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 713,578713.6k $64.9m $64.9m 0.01% Added +20.4k +20,417
8 HighTower Advisors, LLC 0.05% of their portfolio CHICAGO, IL 542,526542.5k $49.4m $49.4m 0.05% Reduced -47.9k -47,907
9 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 498,532498.5k $45.4m $45.4m 0.00% Added +45.0k +44,973
10 Creative Planning 0.03% of their portfolio OVERLAND PARK, KS 458,179458.2k $41.7m $41.7m 0.03% Reduced -18.4k -18,442
11 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.05% of their portfolio PLYMOUTH, MN 401,850401.9k $38.0m $38.0m 0.05% Reduced -22.2k -22,220
12 Morningstar Investment Management LLC 2.08% of their portfolio CHICAGO, IL 386,421386.4k $35.2m $35.2m 2.08% Reduced -14.2k -14,203
13 WCG Wealth Advisors LLC 0.94% of their portfolio LAS VEGAS, NV 370,199370.2k $33.7m $33.7m 0.94% Added +238.3k +238,253
14 Rodgers & Associates, LTD 3.08% of their portfolio Lancaster, PA 333,839333.8k $30.4m $30.4m 3.08% Reduced -105 -105
15 Fragasso Financial Advisors Inc 1.75% of their portfolio SEWICKLEY, PA 317,717317.7k $28.9m $28.9m 1.75% Added +4.4k +4,396
16 Equitable Holdings, Inc. 0.20% of their portfolio NEW YORK, NY 317,208317.2k $28.9m $28.9m 0.20% Reduced -7.3k -7,322
17 Cerity Partners LLC 0.04% of their portfolio NEW YORK, NY 289,674289.7k $26.4m $26.4m 0.04% Reduced -6.8k -6,800
18 BRANDYWINE OAK PRIVATE WEALTH LLC 2.20% of their portfolio Kennett Square, PA 287,856287.9k $26.2m $26.2m 2.20% Added +1.3k +1,287
19 Dean, Jacobson Financial Services, LLC 16.45% of their portfolio FORT WORTH, TX 285,071285.1k $25.9m $25.9m 16.45% Added +8.3k +8,298
20 Klingman & Associates, LLC 1.24% of their portfolio New York, NY 281,798281.8k $25.6m $25.6m 1.24% Reduced -579 -579
21 Evensky & Katz LLC 1.43% of their portfolio CORAL GABLES, FL 278,480278.5k $25.3m $25.3m 1.43% Reduced -651 -651
22 Focus Partners Wealth 0.03% of their portfolio ST LOUIS, MO 268,749268.7k $24.4m $24.4m 0.03% Reduced -4.9k -4,932
23 OpenArc Corporate Advisory, LLC 0.39% of their portfolio ATLANTA, GA 257,329257.3k $23.4m $23.4m 0.39% First filing
24 American Financial Advisors, LLC 3.00% of their portfolio Marietta, GA 255,638255.6k $23.3m $23.3m 3.00% Reduced -11.4k -11,362
25 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 253,181253.2k $23.0m $23.0m 0.00% Added +131 +131
26 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 216,327216.3k $19.7m $19.7m 0.01% Reduced -5.2k -5,194
27 Convergence Financial, LLC 2.80% of their portfolio COLUMBIA, MO 211,141211.1k $19.2m $19.2m 2.80% Reduced -518 -518
28 CANANDAIGUA NATIONAL BANK & TRUST CO 1.71% of their portfolio CANANDAIGUA, NY 209,249209.2k $19.0m $19.0m 1.71% Added +3.0k +3,049
29 OSAIC HOLDINGS, INC. 0.03% of their portfolio SCOTTSDALE, AZ 208,049208.0k $18.9m $18.9m 0.03% Reduced -162.2k -162,170
30 First National Trust Co 0.63% of their portfolio Johnstown, PA 207,745207.7k $18.9m $18.9m 0.63% Added +2.4k +2,366
31 Wrenne Financial Planning LLC 7.27% of their portfolio Lexington, KY 196,346196.3k $17.9m $17.9m 7.27% Added +8.9k +8,858
32 PURE PORTFOLIOS HOLDINGS LLC 5.19% of their portfolio LAKE OSWEGO, OR 189,409189.4k $17.2m $17.2m 5.19% Added +5.4k +5,397
33 Avantax Planning Partners, Inc. 0.48% of their portfolio DUBUQUE, IA 188,433188.4k $17.1m $17.1m 0.48% Reduced -8.2k -8,249
34 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 186,690186.7k $17.0m $17.0m 0.02% Reduced -10.1k -10,131
35 One Day In July LLC 1.38% of their portfolio BURLINGTON, VT 184,922184.9k $16.8m $16.8m 1.38% Added +18.0k +17,993
36 Key Financial Inc 3.02% of their portfolio WEST CHESTER, PA 181,670181.7k $16.5m $16.5m 3.02% Reduced -6.3k -6,268
37 GHP Investment Advisors, Inc. 0.67% of their portfolio Denver, CO 180,076180.1k $16.4m $16.4m 0.67% Added +1.3k +1,267
38 Financial Strategies Group, Inc. 3.00% of their portfolio OKEMOS, MI 174,945174.9k $16.6m $16.6m 3.00% Added +3.4k +3,397
39 FAS Wealth Partners, Inc. 1.03% of their portfolio LEAWOOD, KS 174,641174.6k $15.9m $15.9m 1.03% Added +5.5k +5,504
40 TIAA TRUST, NATIONAL ASSOCIATION 0.03% of their portfolio CHARLOTTE, NC 160,478160.5k $14.6m $14.6m 0.03% Reduced -13.3k -13,277
41 SAGE FINANCIAL GROUP INC 0.96% of their portfolio W. CONSHOHOCKEN, PA 160,090160.1k $14.6m $14.6m 0.96% Added +1.6k +1,570
42 UBS Group AG 0.00% of their portfolio ZURICH, V8 150,823150.8k $13.7m $13.7m 0.00% Reduced -21.7k -21,733
43 Lutz Financial Services LLC 0.89% of their portfolio OMAHA, NE 143,431143.4k $13.0m $13.0m 0.89% Reduced -948 -948
44 Optimist Retirement Group LLC 5.90% of their portfolio BELLEVUE, WA 141,457141.5k $12.9m $12.9m 5.90% Added +136 +136
45 BALANCED WEALTH GROUP LLC 4.25% of their portfolio WESTLAKE, OH 130,283130.3k $11.6m $11.6m 4.25% Added +3.7k +3,694
46 Rothschild Wealth LLC 1.11% of their portfolio OAK BROOK, IL 126,913126.9k $11.5m $11.5m 1.11% New
47 BIP Wealth, LLC 0.41% of their portfolio ATLANTA, GA 126,344126.3k $11.5m $11.5m 0.41% Reduced -5.3k -5,265
48 Triangle Securities Wealth Management 2.39% of their portfolio RALEIGH, NC 124,815124.8k $11.4m $11.4m 2.39% Added +1.4k +1,431
49 Cambridge Investment Research Advisors, Inc. 0.03% of their portfolio FAIRFIELD, IA 122,452122.5k $11.1m $11.1m 0.03% Added +2.1k +2,107
50 CarsonAllaria Wealth Management, Ltd. 5.52% of their portfolio GLEN CARBON, IL 122,319122.3k $11.1m $11.1m 5.52% Added +5.2k +5,223
51 Baird Financial Group, Inc. 0.02% of their portfolio MILWAUKEE, WI 119,509119.5k $10.9m $10.9m 0.02% Added +4.7k +4,684
52 Geneos Wealth Management Inc. 0.26% of their portfolio ENGLEWOOD, CO 114,708114.7k $10.4m $10.4m 0.26% Added +5.3k +5,268
53 Corient Private Wealth LP 0.01% of their portfolio MIAMI, FL 112,476112.5k $10.3m $10.3m 0.01% Added +55.1k +55,118
54 CWM, LLC 0.03% of their portfolio OMAHA, NE 112,085112.1k $10.2m $10.2m 0.03% Reduced -16.2k -16,208
55 Asset Dedication, LLC 0.67% of their portfolio SAN FRANCISCO, CA 111,605111.6k $10.2m $10.2m 0.67% Reduced -5.0k -4,984
56 JONES FINANCIAL COMPANIES LLLP 0.01% of their portfolio DES PERES, MO 110,146110.1k $10.0m $10.0m 0.01% Added +23.3k +23,278
57 N.E.W. Advisory Services LLC 0.72% of their portfolio DE PERE, WI 106,587106.6k $9.7m $9.7m 0.72% Added +51.5k +51,508
58 LPWM LLC 2.32% of their portfolio MINNEAPOLIS, MN 100,943100.9k $9.2m $9.2m 2.32% Added +2.7k +2,744
59 Focus Partners Advisor Solutions, LLC 0.11% of their portfolio SAINT LOUIS, MO 98,47698.5k $9.0m $9.0m 0.11% Added +65.0k +65,013
60 Mariner, LLC 0.01% of their portfolio Overland Park, KS 96,72396.7k $8.8m $8.8m 0.01% Reduced -1.4k -1,411
61 Rockbridge Investment Management, LCC 0.82% of their portfolio Syracuse, NY 96,69396.7k $8.8m $8.8m 0.82% Reduced -3.9k -3,930
62 Modera Wealth Management, LLC 0.10% of their portfolio WESTWOOD, NJ 93,38493.4k $8.5m $8.5m 0.10% Reduced -559 -559
63 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 92,29692.3k $8.4m $8.4m 0.01% Added +292 +292
64 Capasso Planning Partners LLC 4.59% of their portfolio CHARLESTON, SC 91,72091.7k $8.3m $8.3m 4.59% Added +10.5k +10,512
65 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 91,43191.4k $8.3m $8.3m 0.00% Reduced -35.2k -35,153
66 NWAM LLC 0.47% of their portfolio MERCER ISLAND, WA 90,79990.8k $8.4m $8.4m 0.47% Reduced -799 -799
67 Diversified Enterprises, LLC 0.46% of their portfolio Wilmington, DE 85,32485.3k $7.8m $7.8m 0.46% Reduced -2.7k -2,746
68 MATHER GROUP, LLC. 0.08% of their portfolio CHICAGO, IL 83,55283.6k $7.6m $7.6m 0.08% Reduced -2.7k -2,696
69 Cambridge Financial Group, LLC 2.53% of their portfolio TUCSON, AZ 82,90482.9k $7.3m $7.3m 2.53% Added +944 +944
70 STEVENS CAPITAL PARTNERS 1.97% of their portfolio OMAHA, NE 82,70582.7k $7.5m $7.5m 1.97% Added +12.9k +12,899
71 Avior Wealth Management, LLC 0.22% of their portfolio OMAHA, NE 76,10976.1k $6.9m $6.9m 0.22% Reduced -5.1k -5,113
72 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 75,38775.4k $6.9m $6.9m 0.00% Reduced -17.1k -17,139
73 Arnold Financial Planning LLC 7.04% of their portfolio HIAWATHA, IA 75,07375.1k $6.8m $6.8m 7.04% First filing
74 Roberts Financial Services LLC 2.10% of their portfolio MARQUETTE, MI 73,51873.5k $6.7m $6.7m 2.10% Added +142 +142
75 Trilogy Capital Inc. 0.30% of their portfolio IRVINE, CA 72,54472.5k $6.6m $6.6m 0.30% Reduced -2.1k -2,131
76 Kingsview Wealth Management, LLC 0.09% of their portfolio GRANTS PASS, OR 72,13572.1k $6.6m $6.6m 0.09% Added +16.3k +16,270
77 Symphony Financial, Ltd. Co. 0.84% of their portfolio HOUSTON, TX 68,09968.1k $6.2m $6.2m 0.84% Reduced -33.4k -33,372
78 AIRE ADVISORS, LLC 1.12% of their portfolio BEVERLY HILLS, CA 67,22867.2k $6.1m $6.1m 1.12% Reduced -1.8k -1,838
79 WealthShield Partners, LLC 0.67% of their portfolio CARY, NC 66,60166.6k $6.1m $6.1m 0.67% Reduced -3.1k -3,127
80 RITHOLTZ WEALTH MANAGEMENT 0.11% of their portfolio NEW YORK, NY 66,54966.5k $6.1m $6.1m 0.11% Reduced -239 -239
81 MERCER GLOBAL ADVISORS INC /ADV 0.01% of their portfolio DENVER, CO 66,49066.5k $6.0m $6.0m 0.01% Added +2.5k +2,464
82 SIGNATURE ESTATE & INVESTMENT ADVISORS LLC 0.12% of their portfolio LOS ANGELES, CA 66,16566.2k $6.0m $6.0m 0.12% Reduced -1.3k -1,346
83 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 65,01165.0k $5.9m $5.9m 0.00% Reduced -4.1k -4,141
84 NORTHWEST WEALTH MANAGEMENT, LLC 0.92% of their portfolio SPENCER, IA 64,10364.1k $5.8m $5.8m 0.92% Reduced -1.6k -1,612
85 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 63,38963.4k $5.8m $5.8m 0.00% Added +10.1k +10,054
86 CORNERSTONE ADVISORS ASSET MANAGEMENT, LLC 0.93% of their portfolio BETHLEHEM, PA 63,14963.1k $5.7m $5.7m 0.93% Reduced -1.9k -1,884
87 Palisades Hudson Asset Management, L.P. 2.18% of their portfolio FORT LAUDERDALE, FL 61,75761.8k $5.6m $5.6m 2.18% Reduced -1.9k -1,855
88 IHT Wealth Management, LLC 0.14% of their portfolio Chicago, IL 61,54261.5k $5.6m $5.6m 0.14% Reduced -68.9k -68,874
89 Private Advisor Group, LLC 0.03% of their portfolio MORRISTOWN, NJ 59,26459.3k $5.4m $5.4m 0.03% Reduced -24.7k -24,663
90 McAdam, LLC 0.25% of their portfolio Philadelphia, PA 59,16259.2k $5.4m $5.4m 0.25% Reduced -3.0k -2,986
91 Savant Capital, LLC 0.03% of their portfolio ROCKFORD, IL 58,36958.4k $5.3m $5.3m 0.03% Added +21.4k +21,405
92 Probity Advisors, Inc. 0.83% of their portfolio DALLAS, TX 56,81456.8k $5.2m $5.2m 0.83% Added +2.3k +2,289
93 Midwest Trust Co 0.06% of their portfolio Overland Park, KS 54,10654.1k $4.9m $4.9m 0.06% Reduced -143 -143
94 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 54,02054.0k $4.9m $4.9m 0.01% Reduced -28.3k -28,309
95 Marathon Mission, Inc. 2.84% of their portfolio ALBANY, NY 53,92853.9k $4.9m $4.9m 2.84% Added +294 +294
96 Salomon & Ludwin, LLC 0.44% of their portfolio RICHMOND, VA 53,39253.4k $5.0m $5.0m 0.44% Reduced -498 -498
97 CALTON & ASSOCIATES, INC. 0.69% of their portfolio Tampa, FL 52,00152.0k $4.7m $4.7m 0.69% Reduced -942 -942
98 INTERACTIVE FINANCIAL ADVISORS, INC. 3.01% of their portfolio New Lenox, IL 51,25551.3k $4.7m $4.7m 3.01% Reduced -3.2k -3,227
99 Hamilton Capital, LLC 0.23% of their portfolio COLUMBUS, OH 51,11151.1k $4.6m $4.6m 0.23% First filing
100 Nvest Wealth Strategies, Inc. 3.43% of their portfolio POWELL, OH 50,92750.9k $4.6m $4.6m 3.43% First filing