Vault-13

SPDR SERIES TRUST BWZ

BLOOMBERG SHORT · ETP · CUSIP 78464A334

68 institutional holders -11 vs Q2 2025
8,711,5958.7m shares reported held*
$242.3mreported value*
7 new 25 added 22 reduced 14 sold out net sold ≈ $78.6m (-2.8m 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. Holder counts are more reliable. Implied quarter-end price ≈ $27.82.

Trends to Q3 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: 79Q3 25: 6868Q3 22Q2 23Q1 24Q4 24Q3 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
Q3 202568

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q4 23: 17 bought or addedQ4 23: 20 cut or sold outQ1 24: 19 bought or addedQ1 24: 17 cut or sold outQ1 24Q2 24: 14 bought or addedQ2 24: 19 cut or sold outQ3 24: 19 bought or addedQ3 24: 17 cut or sold outQ3 24Q4 24: 16 bought or addedQ4 24: 24 cut or sold outQ1 25: 20 bought or addedQ1 25: 16 cut or sold outQ1 25Q2 25: 60 bought or addedQ2 25: 5 cut or sold outQ3 25: 32 bought or addedQ3 25: 36 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 20231720
Q1 20241917
Q2 20241419
Q3 20241917
Q4 20241624
Q1 20252016
Q2 2025605
Q3 20253236

Biggest buyers

OSAIC HOLDINGS, INC. Added +1,130,254+1.1m
IEQ CAPITAL, LLC Added +108,750+108.8k
Almanack Investment Partners, LLC. Added +46,760+46.8k
Quent Capital, LLC Added +42,374+42.4k
Walkner Condon Financial Advisors LLC Added +39,911+39.9k
Checchi Capital Advisers, LLC Added +33,755+33.8k
DMC Group, LLC Added +32,294+32.3k
BANK OF AMERICA CORP /DE/ Added +25,284+25.3k
Patriot Financial Group Insurance Agency, LLC Added +24,376+24.4k
AVALON CAPITAL MANAGEMENT Added +18,604+18.6k

Biggest sellers

ASSETMARK, INC Reduced -3,005,518-3.0m
ENVESTNET ASSET MANAGEMENT INC Reduced -297,679-297.7k
MERCER GLOBAL ADVISORS INC /ADV Reduced -151,374-151.4k
ROYAL BANK OF CANADA Reduced -149,950-149.9k
JANE STREET GROUP, LLC Reduced -145,029-145.0k
Rockefeller Capital Management L.P. Reduced -134,413-134.4k
Algorithmic Investment Models, LLC Sold out -128,711-128.7k
MORGAN STANLEY Reduced -125,739-125.7k
Empowered Funds, LLC Reduced -74,957-75.0k
Balefire, LLC Sold out -56,091-56.1k

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 OSAIC HOLDINGS, INC. 0.05% of their portfolio SCOTTSDALE, AZ 1,214,9321.2m $33.8m $33.8m 0.05% Added +1.1m +1,130,254
2 Quent Capital, LLC 2.19% of their portfolio NEW YORK, NY 940,854940.9k $26.2m $26.2m 2.19% Added +42.4k +42,374
3 AVALON CAPITAL MANAGEMENT 5.75% of their portfolio Port Of Redwood City, CA 843,388843.4k $23.5m $23.5m 5.75% Added +18.6k +18,604
4 Financial Management Professionals, Inc. 2.34% of their portfolio AUSTIN, TX 809,563809.6k $22.5m $22.5m 2.34% Added +15.6k +15,568
5 Checchi Capital Advisers, LLC 1.16% of their portfolio BEVERLY HILLS, CA 606,588606.6k $16.9m $16.9m 1.16% Added +33.8k +33,755
6 Almanack Investment Partners, LLC. 2.18% of their portfolio WAYNE, PA 506,049506.0k $14.1m $14.1m 2.18% Added +46.8k +46,760
7 Laurel Wealth Planning LLC 6.22% of their portfolio EDINA, MN 422,830422.8k $11.8m $11.8m 6.22% Added +11.5k +11,495
8 Empowered Funds, LLC 0.09% of their portfolio NEWTOWN SQUARE, PA 329,886329.9k $9.2m $9.2m 0.09% Reduced -75.0k -74,957
9 MASTER'S WEALTH MANAGEMENT INC. 3.62% of their portfolio LANCASTER, PA 299,633299.6k $8.3m $8.3m 3.62% Added +7.9k +7,923
10 Clarity Asset Management, Inc. 3.98% of their portfolio AMES, IA 255,097255.1k $7.1m $7.1m 3.98% Added +6.2k +6,239
11 Walkner Condon Financial Advisors LLC 0.97% of their portfolio MADISON, WI 219,051219.1k $6.1m $6.1m 0.97% Added +39.9k +39,911
12 UBS Group AG 0.00% of their portfolio ZURICH, V8 205,608205.6k $5.7m $5.7m 0.00% Added +16.5k +16,456
13 Cresset Asset Management, LLC 0.02% of their portfolio Chicago, IL 202,647202.6k $5.6m $5.6m 0.02% Added +1.1k +1,134
14 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 150,686150.7k $4.2m $4.2m 0.00% Reduced -149.9k -149,950
15 IEQ CAPITAL, LLC 0.01% of their portfolio Foster City, CA 145,041145.0k $4.0m $4.0m 0.01% Added +108.8k +108,750
16 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 136,732136.7k $3.8m $3.8m 0.00% Reduced -297.7k -297,679
17 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 134,413134.4k $3.7m $3.7m 0.01% Reduced -134.4k -134,413
18 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 122,887122.9k $3.4m $3.4m 0.00% Added +15.3k +15,263
19 DMC Group, LLC 2.16% of their portfolio BIRMINGHAM, AL 112,419112.4k $3.1m $3.1m 2.16% Added +32.3k +32,294
20 Quantinno Capital Management LP 0.01% of their portfolio NEW YORK, NY 99,92599.9k $2.8m $2.8m 0.01% Unchanged
21 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 98,29898.3k $2.7m $2.7m 0.00% Reduced -2.9k -2,868
22 Patriot Financial Group Insurance Agency, LLC 0.30% of their portfolio Westborough, MA 85,23485.2k $2.4m $2.4m 0.30% Added +24.4k +24,376
23 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 70,19170.2k $2.0m $2.0m 0.00% Reduced -18.2k -18,220
24 STUDIO INVESTMENT MANAGEMENT LLC 0.35% of their portfolio CHICAGO, IL 65,80765.8k $1.8m $1.8m 0.35% Added +15.6k +15,552
25 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 56,95757.0k $1.6m $1.6m 0.00% Added +25.3k +25,284
26 DF DENT & CO INC 0.02% of their portfolio BALTIMORE, MD 54,30054.3k $1.5m $1.5m 0.02% Unchanged
27 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 51,48651.5k $1.4m $1.4m 0.00% Reduced -2.3k -2,336
28 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 43,11743.1k $1.2m $1.2m 0.00% Added +273 +273
29 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 41,94041.9k $1.2m $1.2m 0.00% Reduced -151.4k -151,374
30 Trademark Financial Management, LLC 0.65% of their portfolio Bloomington, MN 40,39840.4k $1.1m $1.1m 0.65% Added +16.1k +16,134
31 Belpointe Asset Management LLC 0.04% of their portfolio RENO, NV 39,23739.2k $1.1m $1.1m 0.04% Added +10.6k +10,588
32 Transamerica Financial Advisors, LLC 0.08% of their portfolio CEDAR RAPIDS, IA 35,69035.7k $992.9k $992.9k 0.08% Reduced -546 -546
33 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 28,56028.6k $794.5k $794.5k 0.00% Reduced -125.7k -125,739
34 Legacy Wealth Asset Management, LLC 0.18% of their portfolio WOODBURY, MN 27,35927.4k $761.1k $761.1k 0.18% Added +641 +641
35 Lunt Capital Management, Inc. 0.25% of their portfolio HOLLADAY, UT 23,08123.1k $642.1k $642.1k 0.25% Reduced -250 -250
36 SATOVSKY ASSET MANAGEMENT LLC 0.11% of their portfolio NEW YORK, NY 20,02720.0k $557.1k $557.1k 0.11% Added +107 +107
37 Palisades Hudson Asset Management, L.P. 0.20% of their portfolio FORT LAUDERDALE, FL 19,48919.5k $542.0k $542.0k 0.20% Added +72 +72
38 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 17,60517.6k $489.8k $489.8k 0.00% Reduced -45.3k -45,305
39 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 15,36615.4k $427.5k $427.5k 0.00% Reduced -2.3k -2,323
40 SYNOVUS FINANCIAL CORP 0.00% of their portfolio Columbus, GA 12,27312.3k $341.4k $341.4k 0.00% New
41 Martin Capital Partners, LLC 0.12% of their portfolio EUGENE, OR 11,32011.3k $315.0k $315.0k 0.12% Reduced -837 -837
42 LEAVELL INVESTMENT MANAGEMENT, INC. 0.01% of their portfolio MOBILE, AL 10,55810.6k $293.7k $293.7k 0.01% Reduced -210 -210
43 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 10,13210.1k $281.8k $281.8k 0.00% New
44 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 9,5159.5k $264.7k $264.7k 0.00% Reduced -145.0k -145,029
45 Haverford Trust Co 0.00% of their portfolio Radnor, PA 9,3009.3k $258.7k $258.7k 0.00% Unchanged
46 FIDUCIARY FINANCIAL GROUP, LLC 0.04% of their portfolio SAN RAFAEL, CA 9,0629.1k $252.1k $252.1k 0.04% New
47 LFA - Lugano Financial Advisors SA 0.12% of their portfolio LUGANO, V8 8,3948.4k $233.1k $233.1k 0.12% Added +407 +407
48 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 7,9417.9k $220.9k $220.9k 0.00% Reduced -6.6k -6,573
49 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 7,5197.5k $209.0k $209.0k 0.00% Unchanged
50 Heartwood Wealth Advisors LLC 0.02% of their portfolio RICHMOND, VA 6,2686.3k $174.4k $174.4k 0.02% New
51 COMERICA BANK 0.00% of their portfolio DALLAS, TX 5,6265.6k $156.5k $156.5k 0.00% Unchanged
52 Inlight Wealth Management, LLC 0.04% of their portfolio ATLANTA, GA 3,1893.2k $88.7k $88.7k 0.04% Unchanged
53 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 2,1892.2k $60.9k $60.9k 0.00% Reduced -3.0m -3,005,518
54 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 1,8181.8k $50.6k $50.6k 0.00% New
55 MONTAG A & ASSOCIATES INC 0.00% of their portfolio ATLANTA, GA 1,6961.7k $47.2k $47.2k 0.00% Unchanged
56 CREATIVE FINANCIAL DESIGNS INC /ADV 0.00% of their portfolio KOKOMO, IN 1,0211.0k $28.4k $28.4k 0.00% Reduced -1.4k -1,400
57 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 363363 $10.1k $10.1k 0.00% New
58 CARDIFF PARK ADVISORS, LLC 0.00% of their portfolio SAN MARCOS, CA 325325 $9.0k $9.0k 0.00% Unchanged
59 PRINCIPAL SECURITIES, INC. 0.00% of their portfolio DES MOINES, IA 185185 $5.1k $5.1k 0.00% Reduced -654 -654
60 Smartleaf Asset Management LLC 0.00% of their portfolio BOSTON, MA 168168 $4.7k $4.7k 0.00% Unchanged
61 Caldwell Trust Co 0.00% of their portfolio Venice, FL 125125 $3.5k $3.5k 0.00% Unchanged
62 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 9999 $2.8k $2.8k 0.00% Reduced -3.1k -3,118
63 Capital Investment Advisory Services, LLC 0.00% of their portfolio RALEIGH, NC 8181 $2.3k $2.3k 0.00% Reduced -248 -248
64 Legacy Wealth Managment, LLC/ID 0.00% of their portfolio BOISE, ID 2727 $752 $752 0.00% Unchanged
65 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 2222 $612 $612 0.00% Unchanged
66 FMR LLC 0.00% of their portfolio BOSTON, MA 77 $195 $195 0.00% New
67 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 22 $56 $56 0.00% Unchanged
68 EASTERN BANK 0.00% of their portfolio BOSTON, MA 11 $28 $28 0.00% Unchanged