Vault-13

SPDR SERIES TRUST BWZ

BLOOMBERG SHORT · ETP · CUSIP 78464A334

79 institutional holders +36 vs Q1 2025
12,622,99212.6m shares reported held*
$354.3mreported value*
35 new 25 added 4 reduced 1 sold out net bought ≈ $231.1m (+8.2m 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 ($576.3k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $28.07.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 44Q4 22: 50Q1 23: 45Q2 23: 41Q3 23: 36Q4 23: 37Q1 24: 41Q2 24: 37Q3 24: 41Q4 24: 43Q1 25: 43Q2 25: 7979Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202244
Q4 202250
Q1 202345
Q2 202341
Q3 202336
Q4 202337
Q1 202441
Q2 202437
Q3 202441
Q4 202443
Q1 202543
Q2 202579

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 23: 10 bought or addedQ3 23: 23 cut or sold outQ4 23: 17 bought or addedQ4 23: 20 cut or sold outQ4 23Q1 24: 19 bought or addedQ1 24: 17 cut or sold outQ2 24: 14 bought or addedQ2 24: 19 cut or sold outQ2 24Q3 24: 19 bought or addedQ3 24: 17 cut or sold outQ4 24: 16 bought or addedQ4 24: 24 cut or sold outQ4 24Q1 25: 20 bought or addedQ1 25: 16 cut or sold outQ2 25: 60 bought or addedQ2 25: 5 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20231023
Q4 20231720
Q1 20241917
Q2 20241419
Q3 20241917
Q4 20241624
Q1 20252016
Q2 2025605

Biggest buyers

ASSETMARK, INC Added +3,007,608+3.0m
CW Advisors, LLC New +1,092,802+1.1m
AVALON CAPITAL MANAGEMENT Added +607,925+607.9k
Almanack Investment Partners, LLC. New +459,289+459.3k
Laurel Wealth Planning LLC New +411,335+411.3k
Empowered Funds, LLC New +404,843+404.8k
Rockefeller Capital Management L.P. New +268,826+268.8k
Clarity Asset Management, Inc. New +248,858+248.9k
Cresset Asset Management, LLC New +201,513+201.5k
UBS Group AG Added +176,442+176.4k

Biggest sellers

Checchi Capital Advisers, LLC Reduced -124,781-124.8k
MERCER GLOBAL ADVISORS INC /ADV Reduced -16,892-16.9k
MASTER'S WEALTH MANAGEMENT INC. Reduced -1,890-1.9k
Legacy Wealth Asset Management, LLC Reduced -142-142
NewEdge Advisors, LLC Sold out -83-83

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ASSETMARK, INC 0.20% of their portfolio CONCORD, CA 3,007,7073.0m $84.4m $84.4m 0.20% Added +3.0m +3,007,608
2 CW Advisors, LLC 0.30% of their portfolio BOSTON, MA 1,092,8021.1m $30.7m $30.7m 0.30% New
3 Quent Capital, LLC 2.43% of their portfolio NEW YORK, NY 898,480898.5k $25.2m $25.2m 2.43% Added +37.0k +36,975
4 AVALON CAPITAL MANAGEMENT 6.22% of their portfolio Port Of Redwood City, CA 824,784824.8k $23.2m $23.2m 6.22% Added +607.9k +607,925
5 Financial Management Professionals, Inc. 2.51% of their portfolio AUSTIN, TX 793,995794.0k $22.3m $22.3m 2.51% Added +13.3k +13,325
6 Checchi Capital Advisers, LLC 1.12% of their portfolio BEVERLY HILLS, CA 572,833572.8k $16.1m $16.1m 1.12% Reduced -124.8k -124,781
7 Almanack Investment Partners, LLC. 2.05% of their portfolio WAYNE, PA 459,289459.3k $12.9m $12.9m 2.05% New
8 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 434,411434.4k $12.2m $12.2m 0.00% Added +108.4k +108,392
9 Laurel Wealth Planning LLC 6.56% of their portfolio EDINA, MN 411,335411.3k $11.5m $11.5m 6.56% New
10 Empowered Funds, LLC 0.13% of their portfolio NEWTOWN SQUARE, PA 404,843404.8k $11.3m $11.3m 0.13% New
11 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 300,636300.6k $8.4m $8.4m 0.00% Added +164.6k +164,610
12 MASTER'S WEALTH MANAGEMENT INC. 3.82% of their portfolio LANCASTER, PA 291,710291.7k $8.2m $8.2m 3.82% Reduced -1.9k -1,890
13 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 268,826268.8k $7.5m $7.5m 0.01% New
14 Clarity Asset Management, Inc. 4.17% of their portfolio AMES, IA 248,858248.9k $7.0m $7.0m 4.17% New
15 Cresset Asset Management, LLC 0.03% of their portfolio Chicago, IL 201,513201.5k $5.7m $5.7m 0.03% New
16 MERCER GLOBAL ADVISORS INC /ADV 0.01% of their portfolio DENVER, CO 193,314193.3k $5.4m $5.4m 0.01% Reduced -16.9k -16,892
17 UBS Group AG 0.00% of their portfolio ZURICH, V8 189,152189.2k $5.3m $5.3m 0.00% Added +176.4k +176,442
18 Walkner Condon Financial Advisors LLC 0.92% of their portfolio MADISON, WI 179,140179.1k $5.0m $5.0m 0.92% Added +20.1k +20,055
19 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 154,544154.5k $4.3m $4.3m 0.01% New
20 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 154,299154.3k $4.3m $4.3m 0.00% Added +145.4k +145,403
21 Algorithmic Investment Models, LLC 2.47% of their portfolio Boston, MA 128,711128.7k $3.6m $3.6m 2.47% New
22 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 107,624107.6k $3.0m $3.0m 0.00% Added +10.6k +10,603
23 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 101,166101.2k $2.8m $2.8m 0.00% Added +262 +262
24 Quantinno Capital Management LP 0.01% of their portfolio NEW YORK, NY 99,92599.9k $2.8m $2.8m 0.01% Unchanged
25 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 88,41188.4k $2.5m $2.5m 0.00% Added +14.8k +14,811
26 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 84,67884.7k $2.4m $2.4m 0.00% Added +28.7k +28,734
27 DMC Group, LLC 1.75% of their portfolio BIRMINGHAM, AL 80,12580.1k $2.2m $2.2m 1.75% New
28 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 62,91062.9k $1.8m $1.8m 0.00% Added +42.4k +42,396
29 Patriot Financial Group Insurance Agency, LLC 0.20% of their portfolio Westborough, MA 60,85860.9k $1.7m $1.7m 0.20% New
30 Balefire, LLC 0.34% of their portfolio DALLAS, TX 56,09156.1k $1.6m $1.6m 0.34% New
31 DF DENT & CO INC 0.02% of their portfolio BALTIMORE, MD 54,30054.3k $1.5m $1.5m 0.02% Unchanged
32 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 53,82253.8k $1.5m $1.5m 0.00% Added +631 +631
33 STUDIO INVESTMENT MANAGEMENT LLC 0.28% of their portfolio CHICAGO, IL 50,25550.3k $1.4m $1.4m 0.28% Added +5.4k +5,398
34 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 42,84442.8k $1.2m $1.2m 0.00% Added +41.9k +41,906
35 IEQ CAPITAL, LLC 0.01% of their portfolio Foster City, CA 36,29136.3k $1.0m $1.0m 0.01% New
36 Transamerica Financial Advisors, LLC 0.10% of their portfolio CEDAR RAPIDS, IA 36,23636.2k $1.0m $1.0m 0.10% New
37 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 31,67331.7k $889.1k $889.1k 0.00% Added +26.4k +26,390
38 Belpointe Asset Management LLC 0.03% of their portfolio RENO, NV 28,64928.6k $804.2k $804.2k 0.03% New
39 Legacy Wealth Asset Management, LLC 0.19% of their portfolio WOODBURY, MN 26,71826.7k $750.0k $750.0k 0.19% Reduced -142 -142
40 Trademark Financial Management, LLC 0.42% of their portfolio Bloomington, MN 24,26424.3k $681.1k $681.1k 0.42% New
41 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 23,53023.5k $660.5k $660.5k 0.00% New
42 Lunt Capital Management, Inc. 0.25% of their portfolio HOLLADAY, UT 23,33123.3k $654.9k $654.9k 0.25% Added +380 +380
43 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 21,68421.7k $608.7k $608.7k 0.00% New
44 VestGen Investment Management 0.42% of their portfolio EGG HARBOR TOWNSHIP, NJ 20,89220.9k $586.4k $586.4k 0.42% New
45 Ascent Group, LLC 0.02% of their portfolio VIRGINIA BEACH, VA 20,53020.5k $576.3k $576.3k 0.02% New
46 SATOVSKY ASSET MANAGEMENT LLC 0.12% of their portfolio NEW YORK, NY 19,92019.9k $559.2k $559.2k 0.12% New
47 Palisades Hudson Asset Management, L.P. 0.21% of their portfolio FORT LAUDERDALE, FL 19,41719.4k $545.0k $545.0k 0.21% Added +9.8k +9,847
48 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 17,68917.7k $496.5k $496.5k 0.00% New
49 FUTURE YOU WEALTH LLC 0.23% of their portfolio New York, NY 14,89014.9k $418.0k $418.0k 0.23% New
50 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 14,51414.5k $407.4k $407.4k 0.00% New
51 Martin Capital Partners, LLC 0.13% of their portfolio EUGENE, OR 12,15712.2k $341.0k $341.0k 0.13% Added +4.5k +4,474
52 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 10,95010.9k $307.4k $307.4k 0.00% New
53 LEAVELL INVESTMENT MANAGEMENT, INC. 0.01% of their portfolio MOBILE, AL 10,76810.8k $302.3k $302.3k 0.01% Added +1.0k +1,039
54 Ignite Planners, LLC 0.05% of their portfolio SAN CLEMENTE, CA 10,32010.3k $284.9k $284.9k 0.05% New
55 Haverford Trust Co 0.00% of their portfolio Radnor, PA 9,3009.3k $261.1k $261.1k 0.00% New
56 Atria Investments, Inc 0.00% of their portfolio Charlotte, NC 8,4038.4k $235.9k $235.9k 0.00% New
57 LFA - Lugano Financial Advisors SA 0.13% of their portfolio LUGANO, V8 7,9878.0k $223.4k $223.4k 0.13% Unchanged
58 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 7,5197.5k $211.0k $211.0k 0.00% New
59 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 7,2967.3k $205.0k $205.0k 0.00% New
60 COMERICA BANK 0.00% of their portfolio DALLAS, TX 5,6265.6k $157.9k $157.9k 0.00% Added +1.3k +1,336
61 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 3,2843.3k $92.2k $92.2k 0.00% New
62 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 3,2173.2k $90.3k $90.3k 0.00% First filing
63 Inlight Wealth Management, LLC 0.05% of their portfolio ATLANTA, GA 3,1893.2k $89.5k $89.5k 0.05% New
64 CREATIVE FINANCIAL DESIGNS INC /ADV 0.00% of their portfolio KOKOMO, IN 2,4212.4k $68.0k $68.0k 0.00% Added +7 +7
65 CWM, LLC 0.00% of their portfolio OMAHA, NE 2,0002.0k $56.0k $56.0k 0.00% Unchanged
66 MONTAG A & ASSOCIATES INC 0.00% of their portfolio ATLANTA, GA 1,6961.7k $47.6k $47.6k 0.00% Unchanged
67 PRINCIPAL SECURITIES, INC. 0.00% of their portfolio DES MOINES, IA 839839 $23.6k $23.6k 0.00% New
68 Johnson Financial Group, Inc. 0.00% of their portfolio RACINE, WI 807807 $22.7k $22.7k 0.00% New
69 Capital Investment Advisory Services, LLC 0.00% of their portfolio RALEIGH, NC 329329 $9.2k $9.2k 0.00% Added +248 +248
70 CARDIFF PARK ADVISORS, LLC 0.00% of their portfolio SAN MARCOS, CA 325325 $9.1k $9.1k 0.00% Unchanged
71 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 300300 $8.4k $8.4k 0.00% New
72 Smartleaf Asset Management LLC 0.00% of their portfolio BOSTON, MA 168168 $4.7k $4.7k 0.00% Unchanged
73 Caldwell Trust Co 0.00% of their portfolio Venice, FL 125125 $3.5k $3.5k 0.00% Unchanged
74 Legacy Investment Solutions, LLC 0.00% of their portfolio BOISE, ID 2727 $758 $758 0.00% First filing
75 Legacy Wealth Managment, LLC/ID 0.00% of their portfolio BOISE, ID 2727 $758 $758 0.00% Unchanged
76 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 2222 $618 $618 0.00% Unchanged
77 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 22 $56 $56 0.00% Unchanged
78 EASTERN BANK 0.00% of their portfolio BOSTON, MA 11 $28 $28 0.00% Unchanged
79 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged