Vault-13

SPDR SER TR SLYV

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

601 institutional holders +13 vs Q4 2025
28,332,55728.3m shares reported held*
$2.7bnreported value*
42 new 185 added 247 reduced 30 sold out net sold ≈ $161.8m (-1.7m 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 ($2.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $94.67. Options: 4 managers hold calls ($184.1m notional), 0 hold puts (—).

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

0250500750Q3 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: 588Q1 26: 601601Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q1 2026601

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q2 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 25Q2 25: 219 bought or addedQ2 25: 274 cut or sold outQ3 25: 223 bought or addedQ3 25: 271 cut or sold outQ3 25Q4 25: 217 bought or addedQ4 25: 282 cut or sold outQ1 26: 227 bought or addedQ1 26: 277 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 2024226252
Q3 2024249235
Q4 2024246234
Q1 2025233288
Q2 2025219274
Q3 2025223271
Q4 2025217282
Q1 2026227277

Calls vs puts

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

CallsPuts
$0$100m$200m$300mQ2 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 0.00Q1 26 calls: $184.1mQ1 26 puts: $0Q1 26P/C 0.00
Numbers
QuarterCallsPutsP/C
Q2 2025$128.3m$00.00
Q3 2025$211.8m$00.00
Q4 2025$199.4m$00.00
Q1 2026$184.1m$00.00

Biggest buyers

Waverly Advisors, LLC Added +190,080+190.1k
Private Advisor Group, LLC Added +99,856+99.9k
Independent Advisor Alliance Added +92,810+92.8k
MORGAN STANLEY Added +57,912+57.9k
Janney Montgomery Scott LLC New +33,199+33.2k
Blue Capital, Inc. New +23,394+23.4k
JONES FINANCIAL COMPANIES LLLP Added +22,755+22.8k
Quartz Partners, LLC New +22,594+22.6k
Leslie Global Wealth, LLC Added +20,745+20.7k
Savvy Advisors, Inc. Added +20,275+20.3k

Biggest sellers

LPL Financial LLC Reduced -482,413-482.4k
HighTower Advisors, LLC Reduced -329,556-329.6k
BANK OF AMERICA CORP /DE/ Reduced -325,415-325.4k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Reduced -190,067-190.1k
TIAA TRUST, NATIONAL ASSOCIATION Reduced -151,522-151.5k
Morningstar Investment Management LLC Reduced -130,619-130.6k
AMERIPRISE FINANCIAL INC Reduced -117,392-117.4k
Creative Planning Reduced -103,415-103.4k
Goelzer Investment Management, Inc. Reduced -88,013-88.0k
Financial Engines Advisors L.L.C. Reduced -77,057-77.1k

Biggest calls

IMC-Chicago, LLC Reduced $100.1m784.0k shares
GROUP ONE TRADING LLC Added $78.0m610.5k shares
HRT FINANCIAL LP New $5.7m44.4k shares
CITADEL ADVISORS LLC Reduced $302.7k3.2k 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, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LPL Financial LLC 0.13% of their portfolio FORT MILL, SC 5,171,1495.2m $489.1m $489.1m 0.13% Reduced -482.4k -482,413
2 Financial Engines Advisors L.L.C. 0.21% of their portfolio SANTA CLARA, CA 1,083,4731.1m $102.5m $102.5m 0.21% Reduced -77.1k -77,057
3 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 1,044,1891.0m $98.8m $98.8m 0.01% Reduced -325.4k -325,415
4 Cannon Financial Strategists, Inc. 12.53% of their portfolio ATHENS, GA 1,008,0551.0m $95.3m $95.3m 12.53% Added +6.1k +6,109
5 NorthRock Partners, LLC 1.22% of their portfolio MINNEAPOLIS, MN 797,912797.9k $75.5m $75.5m 1.22% Added +16.2k +16,239
6 Goelzer Investment Management, Inc. 3.62% of their portfolio CARMEL, IN 791,132791.1k $74.8m $74.8m 3.62% Reduced -88.0k -88,013
7 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 596,186596.2k $56.5m $56.5m 0.01% Reduced -117.4k -117,392
8 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 556,444556.4k $52.6m $52.6m 0.00% Added +57.9k +57,912
9 WCG Wealth Advisors LLC 1.01% of their portfolio LAS VEGAS, NV 380,646380.6k $36.0m $36.0m 1.01% Added +10.4k +10,447
10 Creative Planning 0.02% of their portfolio OVERLAND PARK, KS 354,764354.8k $33.6m $33.6m 0.02% Reduced -103.4k -103,415
11 Rodgers & Associates, LTD 3.12% of their portfolio Lancaster, PA 323,904323.9k $30.6m $30.6m 3.12% Reduced -9.9k -9,935
12 Fragasso Financial Advisors Inc 1.79% of their portfolio SEWICKLEY, PA 310,080310.1k $29.6m $29.6m 1.79% Reduced -7.6k -7,637
13 Equitable Holdings, Inc. 0.18% of their portfolio NEW YORK, NY 300,150300.1k $27.3m $27.3m 0.18% Reduced -17.1k -17,058
14 Dean, Jacobson Financial Services, LLC 16.89% of their portfolio FORT WORTH, TX 290,705290.7k $27.5m $27.5m 16.89% Added +5.6k +5,634
15 Cerity Partners LLC 0.04% of their portfolio NEW YORK, NY 286,054286.1k $27.1m $27.1m 0.04% Reduced -3.6k -3,620
16 BRANDYWINE OAK PRIVATE WEALTH LLC 2.26% of their portfolio Kennett Square, PA 284,817284.8k $26.9m $26.9m 2.26% Reduced -3.0k -3,039
17 Klingman & Associates, LLC 1.27% of their portfolio New York, NY 281,041281.0k $26.6m $26.6m 1.27% Reduced -757 -757
18 Evensky & Katz LLC 1.43% of their portfolio CORAL GABLES, FL 266,705266.7k $25.2m $25.2m 1.43% Reduced -11.8k -11,775
19 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 261,675261.7k $24.7m $24.7m 0.00% Added +8.5k +8,494
20 Focus Partners Wealth 0.03% of their portfolio ST LOUIS, MO 257,619257.6k $24.4m $24.4m 0.03% Reduced -11.1k -11,130
21 Morningstar Investment Management LLC 1.50% of their portfolio CHICAGO, IL 255,802255.8k $24.2m $24.2m 1.50% Reduced -130.6k -130,619
22 American Financial Advisors, LLC 3.15% of their portfolio Marietta, GA 249,707249.7k $23.6m $23.6m 3.15% Reduced -5.9k -5,931
23 Waverly Advisors, LLC 0.17% of their portfolio BIRMINGHAM, AL 235,509235.5k $22.3m $22.3m 0.17% Added +190.1k +190,080
24 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 230,860230.9k $21.8m $21.8m 0.01% Added +14.5k +14,533
25 OSAIC HOLDINGS, INC. 0.03% of their portfolio SCOTTSDALE, AZ 227,746227.7k $21.5m $21.5m 0.03% Added +19.7k +19,697
26 OpenArc Corporate Advisory, LLC 0.30% of their portfolio ATLANTA, GA 218,603218.6k $20.7m $20.7m 0.30% Reduced -38.7k -38,726
27 CANANDAIGUA NATIONAL CORP 1.82% of their portfolio CANANDAIGUA, NY 215,562215.6k $20.4m $20.4m 1.82% First filing
28 HighTower Advisors, LLC 0.02% of their portfolio CHICAGO, IL 212,970213.0k $20.1m $20.1m 0.02% Reduced -329.6k -329,556
29 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.04% of their portfolio PLYMOUTH, MN 211,783211.8k $20.1m $20.1m 0.04% Reduced -190.1k -190,067
30 First National Trust Co 0.67% of their portfolio Johnstown, PA 209,172209.2k $19.8m $19.8m 0.67% Added +1.4k +1,427
31 Wrenne Financial Planning LLC 7.53% of their portfolio Lexington, KY 202,964203.0k $19.2m $19.2m 7.53% Added +6.6k +6,618
32 One Day In July LLC 1.52% of their portfolio BURLINGTON, VT 201,263201.3k $19.0m $19.0m 1.52% Added +16.3k +16,341
33 Convergence Financial, LLC 2.03% of their portfolio COLUMBIA, MO 201,126201.1k $19.1m $19.1m 2.03% Reduced -10.0k -10,015
34 COMMONWEALTH EQUITY SERVICES, LLC 0.03% of their portfolio WALTHAM, MA 191,988192.0k $18.2m $18.2m 0.03% Added +5.3k +5,298
35 Financial Strategies Group, Inc. 3.18% of their portfolio OKEMOS, MI 184,749184.7k $19.0m $19.0m 3.18% Added +9.8k +9,804
36 Avantax Planning Partners, Inc. 0.48% of their portfolio DUBUQUE, IA 183,763183.8k $17.4m $17.4m 0.48% Reduced -4.7k -4,670
37 Key Financial Inc 3.08% of their portfolio WEST CHESTER, PA 183,039183.0k $17.3m $17.3m 3.08% Added +1.4k +1,369
38 GHP Investment Advisors, Inc. 0.71% of their portfolio Denver, CO 181,789181.8k $17.2m $17.2m 0.71% Added +1.7k +1,713
39 FAS Wealth Partners, Inc. 1.04% of their portfolio LEAWOOD, KS 177,007177.0k $16.7m $16.7m 1.04% Added +2.4k +2,366
40 Private Advisor Group, LLC 0.07% of their portfolio MORRISTOWN, NJ 159,120159.1k $15.0m $15.0m 0.07% Added +99.9k +99,856
41 SAGE FINANCIAL GROUP INC 0.98% of their portfolio W. CONSHOHOCKEN, PA 159,064159.1k $15.0m $15.0m 0.98% Reduced -1.0k -1,026
42 UBS Group AG 0.00% of their portfolio ZURICH, V8 151,055151.1k $14.3m $14.3m 0.00% Added +232 +232
43 TIAA-CREF INDIVIDUAL & INSTITUTIONAL SERVICES, LLC 0.05% of their portfolio CHARLOTTE, NC 147,316147.3k $13.9m $13.9m 0.05% First filing
44 Lutz Financial Services LLC 0.88% of their portfolio OMAHA, NE 138,450138.4k $13.1m $13.1m 0.88% Reduced -5.0k -4,981
45 Optimist Retirement Group LLC 5.72% of their portfolio BELLEVUE, WA 137,102137.1k $13.0m $13.0m 5.72% Reduced -4.4k -4,355
46 JONES FINANCIAL COMPANIES LLLP 0.01% of their portfolio DES PERES, MO 132,901132.9k $12.4m $12.4m 0.01% Added +22.8k +22,755
47 Rothschild Wealth LLC 1.10% of their portfolio OAK BROOK, IL 128,808128.8k $12.2m $12.2m 1.10% Added +1.9k +1,895
48 BALANCED WEALTH GROUP LLC 4.30% of their portfolio WESTLAKE, OH 127,046127.0k $12.0m $12.0m 4.30% Reduced -3.2k -3,237
49 Baird Financial Group, Inc. 0.02% of their portfolio MILWAUKEE, WI 125,097125.1k $11.8m $11.8m 0.02% Added +5.6k +5,588
50 CarsonAllaria Wealth Management, Ltd. 5.81% of their portfolio GLEN CARBON, IL 124,435124.4k $11.8m $11.8m 5.81% Added +2.1k +2,116
51 Triangle Securities Wealth Management 2.67% of their portfolio RALEIGH, NC 124,281124.3k $11.8m $11.8m 2.67% Reduced -534 -534
52 Cambridge Investment Research Advisors, Inc. 0.03% of their portfolio FAIRFIELD, IA 122,929122.9k $11.6m $11.6m 0.03% Added +477 +477
53 Geneos Wealth Management Inc. 0.26% of their portfolio ENGLEWOOD, CO 116,557116.6k $11.0m $11.0m 0.26% Added +1.8k +1,849
54 BIP Wealth, LLC 0.44% of their portfolio ATLANTA, GA 115,051115.1k $10.9m $10.9m 0.44% Reduced -11.3k -11,293
55 Asset Dedication, LLC 0.74% of their portfolio SAN FRANCISCO, CA 111,199111.2k $10.5m $10.5m 0.74% Reduced -406 -406
56 N.E.W. Advisory Services LLC 0.74% of their portfolio DE PERE, WI 104,203104.2k $9.9m $9.9m 0.74% Reduced -2.4k -2,384
57 STEVENS CAPITAL PARTNERS 2.30% of their portfolio OMAHA, NE 101,150101.2k $9.6m $9.6m 2.30% Added +18.4k +18,445
58 LPWM LLC 2.41% of their portfolio MINNEAPOLIS, MN 100,823100.8k $9.5m $9.5m 2.41% Reduced -120 -120
59 CWM, LLC 0.02% of their portfolio OMAHA, NE 99,81099.8k $9.4m $9.4m 0.02% Reduced -12.3k -12,275
60 Capasso Planning Partners LLC 5.06% of their portfolio CHARLESTON, SC 99,18399.2k $9.4m $9.4m 5.06% Added +7.5k +7,463
61 Mariner, LLC 0.01% of their portfolio Overland Park, KS 98,38698.4k $9.3m $9.3m 0.01% Added +1.7k +1,663
62 Independent Advisor Alliance 0.10% of their portfolio CHARLOTTE, NC 97,34397.3k $9.2m $9.2m 0.10% Added +92.8k +92,810
63 Focus Partners Advisor Solutions, LLC 0.09% of their portfolio SAINT LOUIS, MO 96,52296.5k $9.1m $9.1m 0.09% Reduced -2.0k -1,954
64 Rockbridge Investment Management, LCC 0.80% of their portfolio Syracuse, NY 94,38294.4k $8.9m $8.9m 0.80% Reduced -2.3k -2,311
65 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 91,77791.8k $8.7m $8.7m 0.00% Added +346 +346
66 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 91,20991.2k $8.6m $8.6m 0.01% Reduced -1.1k -1,087
67 NWAM LLC 0.49% of their portfolio MERCER ISLAND, WA 89,26789.3k $8.4m $8.4m 0.49% Reduced -1.5k -1,532
68 Modera Wealth Management, LLC 0.10% of their portfolio WESTWOOD, NJ 87,96688.0k $8.3m $8.3m 0.10% Reduced -5.4k -5,418
69 Diversified Enterprises, LLC 0.45% of their portfolio Wilmington, DE 86,59186.6k $8.2m $8.2m 0.45% Added +1.3k +1,267
70 TRB Wealth Management, LLC 1.11% of their portfolio HOUSTON, TX 82,72882.7k $7.8m $7.8m 1.11% First filing
71 MATHER GROUP, LLC. 0.08% of their portfolio CHICAGO, IL 82,62682.6k $7.8m $7.8m 0.08% Reduced -926 -926
72 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 75,46875.5k $7.1m $7.1m 0.00% Added +81 +81
73 Arnold Financial Planning LLC 6.56% of their portfolio HIAWATHA, IA 74,25774.3k $7.0m $7.0m 6.56% Reduced -816 -816
74 Trilogy Capital Inc. 0.30% of their portfolio IRVINE, CA 71,59671.6k $6.8m $6.8m 0.30% Reduced -948 -948
75 Symphony Financial, Ltd. Co. 0.88% of their portfolio HOUSTON, TX 70,74170.7k $6.6m $6.6m 0.88% Added +2.6k +2,642
76 Cambridge Financial Group, LLC 2.23% of their portfolio TUCSON, AZ 69,78669.8k $6.6m $6.6m 2.23% Reduced -13.1k -13,118
77 Avior Wealth Management, LLC 0.19% of their portfolio OMAHA, NE 69,22469.2k $6.5m $6.5m 0.19% Reduced -6.9k -6,885
78 Kingsview Wealth Management, LLC 0.09% of their portfolio GRANTS PASS, OR 68,93068.9k $6.5m $6.5m 0.09% Reduced -3.2k -3,205
79 AIRE ADVISORS, LLC 1.16% of their portfolio BEVERLY HILLS, CA 67,09267.1k $6.3m $6.3m 1.16% Reduced -136 -136
80 WealthShield Partners, LLC 0.70% of their portfolio CARY, NC 66,51566.5k $6.3m $6.3m 0.70% Reduced -86 -86
81 RITHOLTZ WEALTH MANAGEMENT 0.11% of their portfolio NEW YORK, NY 66,47266.5k $6.3m $6.3m 0.11% Reduced -77 -77
82 MERCER GLOBAL ADVISORS INC /ADV 0.01% of their portfolio DENVER, CO 64,80264.8k $6.1m $6.1m 0.01% Reduced -1.7k -1,688
83 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 64,78864.8k $6.1m $6.1m 0.00% Added +1.4k +1,399
84 CORNERSTONE ADVISORS ASSET MANAGEMENT, LLC 0.92% of their portfolio BETHLEHEM, PA 63,14963.1k $6.0m $6.0m 0.92% Unchanged
85 MONECO ADVISORS, LLC 0.46% of their portfolio FAIRFIELD, CT 62,15562.2k $5.9m $5.9m 0.46% Added +14.0k +14,017
86 Palisades Hudson Asset Management, L.P. 2.29% of their portfolio FORT LAUDERDALE, FL 62,07462.1k $5.9m $5.9m 2.29% Added +317 +317
87 Roberts Financial Services LLC 1.85% of their portfolio MARQUETTE, MI 61,53761.5k $5.8m $5.8m 1.85% Reduced -12.0k -11,981
88 NORTHWEST WEALTH MANAGEMENT, LLC 0.87% of their portfolio SPENCER, IA 61,53561.5k $5.8m $5.8m 0.87% Reduced -2.6k -2,568
89 SIGNATURE ESTATE & INVESTMENT ADVISORS LLC 0.12% of their portfolio LOS ANGELES, CA 61,15661.2k $5.8m $5.8m 0.12% Reduced -5.0k -5,009
90 IHT Wealth Management, LLC 0.13% of their portfolio Chicago, IL 59,21159.2k $5.6m $5.6m 0.13% Reduced -2.3k -2,331
91 Probity Advisors, Inc. 0.84% of their portfolio DALLAS, TX 55,95856.0k $5.3m $5.3m 0.84% Reduced -856 -856
92 McAdam, LLC 0.24% of their portfolio Philadelphia, PA 55,58955.6k $5.3m $5.3m 0.24% Reduced -3.6k -3,573
93 Midwest Trust Co 0.06% of their portfolio Overland Park, KS 53,79353.8k $5.1m $5.1m 0.06% Reduced -313 -313
94 Marathon Mission, Inc. 2.96% of their portfolio ALBANY, NY 53,77353.8k $5.1m $5.1m 2.96% Reduced -155 -155
95 Salomon & Ludwin, LLC 0.44% of their portfolio RICHMOND, VA 52,25552.3k $5.0m $5.0m 0.44% Reduced -1.1k -1,137
96 INTERACTIVE FINANCIAL ADVISORS, INC. 3.20% of their portfolio New Lenox, IL 51,78751.8k $4.9m $4.9m 3.20% Added +532 +532
97 CALTON & ASSOCIATES, INC. 0.70% of their portfolio Tampa, FL 51,23151.2k $4.8m $4.8m 0.70% Reduced -770 -770
98 Nvest Wealth Strategies, Inc. 3.34% of their portfolio POWELL, OH 50,23150.2k $4.8m $4.8m 3.34% Reduced -696 -696
99 Strategies Wealth Advisors, LLC 0.45% of their portfolio GRAND RAPIDS, MI 47,45347.5k $4.5m $4.5m 0.45% Reduced -1.6k -1,573
100 New Hampshire Trust 0.89% of their portfolio CONCORD, NH 46,77146.8k $4.4m $4.4m 0.89% Reduced -127 -127