Vault-13

SPDR SERIES TRUST BWZ

BLOOMBERG SHORT · ETP · CUSIP 78464A334

74 institutional holders +6 vs Q3 2025
8,269,3298.3m shares reported held*
$226.7mreported value*
10 new 23 added 23 reduced 6 sold out net sold ≈ $15.7m (-572.7k 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 ≈ $27.41.

Trends to Q4 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: 68Q4 25: 7474Q3 22Q2 23Q1 24Q4 24Q4 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
Q4 202574

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q1 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 25Q3 25: 32 bought or addedQ3 25: 36 cut or sold outQ4 25: 33 bought or addedQ4 25: 29 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20241917
Q2 20241419
Q3 20241917
Q4 20241624
Q1 20252016
Q2 2025605
Q3 20253236
Q4 20253329

Biggest buyers

JANE STREET GROUP, LLC Added +223,014+223.0k
Park Edge Advisors, LLC New +216,156+216.2k
GOLDMAN SACHS GROUP INC New +212,022+212.0k
GTS SECURITIES LLC New +97,567+97.6k
IEQ CAPITAL, LLC Added +79,658+79.7k
Quent Capital, LLC Added +63,374+63.4k
Financial Management Professionals, Inc. Added +54,938+54.9k
DMC Group, LLC Added +53,050+53.0k
LAM GROUP, INC. New +48,025+48.0k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +32,579+32.6k

Biggest sellers

AVALON CAPITAL MANAGEMENT Reduced -791,853-791.9k
Laurel Wealth Planning LLC Sold out -422,830-422.8k
MASTER'S WEALTH MANAGEMENT INC. Reduced -229,877-229.9k
Empowered Funds, LLC Reduced -180,618-180.6k
DF DENT & CO INC Reduced -32,000-32.0k
Cresset Asset Management, LLC Reduced -20,988-21.0k
ENVESTNET ASSET MANAGEMENT INC Reduced -20,511-20.5k
UBS Group AG Reduced -18,876-18.9k
Trademark Financial Management, LLC Reduced -17,146-17.1k
MML INVESTORS SERVICES, LLC Reduced -17,118-17.1k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 OSAIC HOLDINGS, INC. 0.05% of their portfolio SCOTTSDALE, AZ 1,241,1281.2m $34.0m $34.0m 0.05% Added +26.2k +26,196
2 Quent Capital, LLC 1.99% of their portfolio NEW YORK, NY 1,004,2281.0m $27.5m $27.5m 1.99% Added +63.4k +63,374
3 Financial Management Professionals, Inc. 2.44% of their portfolio AUSTIN, TX 864,501864.5k $23.7m $23.7m 2.44% Added +54.9k +54,938
4 Checchi Capital Advisers, LLC 1.11% of their portfolio BEVERLY HILLS, CA 594,355594.4k $16.3m $16.3m 1.11% Reduced -12.2k -12,233
5 Almanack Investment Partners, LLC. 2.46% of their portfolio WAYNE, PA 527,796527.8k $14.5m $14.5m 2.46% Added +21.7k +21,747
6 Clarity Asset Management, Inc. 3.95% of their portfolio AMES, IA 262,143262.1k $7.2m $7.2m 3.95% Added +7.0k +7,046
7 Walkner Condon Financial Advisors LLC 0.89% of their portfolio MADISON, WI 233,213233.2k $6.4m $6.4m 0.89% Added +14.2k +14,162
8 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 232,529232.5k $6.4m $6.4m 0.01% Added +223.0k +223,014
9 IEQ CAPITAL, LLC 0.02% of their portfolio Foster City, CA 224,699224.7k $6.2m $6.2m 0.02% Added +79.7k +79,658
10 Park Edge Advisors, LLC 1.34% of their portfolio Cleveland, OH 216,156216.2k $5.9m $5.9m 1.34% New
11 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 212,022212.0k $5.8m $5.8m 0.00% New
12 UBS Group AG 0.00% of their portfolio ZURICH, V8 186,732186.7k $5.1m $5.1m 0.00% Reduced -18.9k -18,876
13 Cresset Asset Management, LLC 0.02% of their portfolio Chicago, IL 181,659181.7k $5.0m $5.0m 0.02% Reduced -21.0k -20,988
14 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 178,735178.7k $4.9m $4.9m 0.00% Added +28.0k +28,049
15 DMC Group, LLC 3.03% of their portfolio BIRMINGHAM, AL 165,469165.5k $4.5m $4.5m 3.03% Added +53.0k +53,050
16 Empowered Funds, LLC 0.07% of their portfolio NEWTOWN SQUARE, PA 149,268149.3k $4.1m $4.1m 0.07% Reduced -180.6k -180,618
17 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 134,759134.8k $3.7m $3.7m 0.01% Added +346 +346
18 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 124,634124.6k $3.4m $3.4m 0.00% Added +1.7k +1,747
19 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 116,221116.2k $3.2m $3.2m 0.00% Reduced -20.5k -20,511
20 CFG Wealth Management Services, Inc. 2.73% of their portfolio INDIANAPOLIS, XX 109,410109.4k $3.0m $3.0m 2.73% First filing
21 Quantinno Capital Management LP 0.01% of their portfolio NEW YORK, NY 99,92599.9k $2.7m $2.7m 0.01% Unchanged
22 GTS SECURITIES LLC 0.09% of their portfolio NEW YORK, NY 97,56797.6k $2.7m $2.7m 0.09% New
23 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 95,90495.9k $2.6m $2.6m 0.00% Reduced -2.4k -2,394
24 Patriot Financial Group Insurance Agency, LLC 0.30% of their portfolio Westborough, MA 92,99193.0k $2.5m $2.5m 0.30% Added +7.8k +7,757
25 STUDIO INVESTMENT MANAGEMENT LLC 0.35% of their portfolio CHICAGO, IL 70,52270.5k $1.9m $1.9m 0.35% Added +4.7k +4,715
26 MASTER'S WEALTH MANAGEMENT INC. 0.69% of their portfolio LANCASTER, PA 69,75669.8k $1.9m $1.9m 0.69% Reduced -229.9k -229,877
27 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 69,61469.6k $1.9m $1.9m 0.00% Reduced -577 -577
28 AVALON CAPITAL MANAGEMENT 0.34% of their portfolio Port Of Redwood City, CA 51,53551.5k $1.4m $1.4m 0.34% Reduced -791.9k -791,853
29 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 50,18450.2k $1.4m $1.4m 0.00% Added +32.6k +32,579
30 LAM GROUP, INC. 0.75% of their portfolio LAKE OSWEGO, OR 48,02548.0k $1.3m $1.3m 0.75% New
31 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 43,91043.9k $1.2m $1.2m 0.00% Reduced -13.0k -13,047
32 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 34,36834.4k $942.0k $942.0k 0.00% Reduced -17.1k -17,118
33 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 34,20634.2k $937.6k $937.6k 0.00% Reduced -8.9k -8,911
34 Transamerica Financial Advisors, LLC 0.08% of their portfolio CEDAR RAPIDS, IA 33,76633.8k $925.5k $925.5k 0.08% Reduced -1.9k -1,924
35 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 32,70332.7k $896.4k $896.4k 0.00% Reduced -9.2k -9,237
36 Cerity Partners OCIO LLC 0.05% of their portfolio New York, NY 30,24530.2k $829.0k $829.0k 0.05% New
37 Legacy Wealth Asset Management, LLC 0.19% of their portfolio WOODBURY, MN 28,61428.6k $784.3k $784.3k 0.19% Added +1.3k +1,255
38 Belpointe Asset Management LLC 0.03% of their portfolio RENO, NV 26,72226.7k $732.5k $732.5k 0.03% Reduced -12.5k -12,515
39 Trademark Financial Management, LLC 0.35% of their portfolio Bloomington, MN 23,25223.3k $637.3k $637.3k 0.35% Reduced -17.1k -17,146
40 Lunt Capital Management, Inc. 0.23% of their portfolio HOLLADAY, UT 22,75722.8k $623.8k $623.8k 0.23% Reduced -324 -324
41 DF DENT & CO INC 0.01% of their portfolio BALTIMORE, MD 22,30022.3k $611.2k $611.2k 0.01% Reduced -32.0k -32,000
42 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 21,64221.6k $593.2k $593.2k 0.00% Reduced -6.9k -6,918
43 Purpose Unlimited Inc. 0.03% of their portfolio TORONTO, A6 20,59420.6k $562.4k $562.4k 0.03% First filing
44 SATOVSKY ASSET MANAGEMENT LLC 0.11% of their portfolio NEW YORK, NY 20,16220.2k $552.6k $552.6k 0.11% Added +135 +135
45 Palisades Hudson Asset Management, L.P. 0.21% of their portfolio FORT LAUDERDALE, FL 20,06920.1k $550.0k $550.0k 0.21% Added +580 +580
46 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 14,42114.4k $395.3k $395.3k 0.00% Reduced -945 -945
47 FIDUCIARY FINANCIAL GROUP, LLC 0.05% of their portfolio SAN RAFAEL, CA 14,01814.0k $384.2k $384.2k 0.05% Added +5.0k +4,956
48 Ethos Financial Group, LLC 0.03% of their portfolio KING OF PRUSSIA, PA 14,00814.0k $384.0k $384.0k 0.03% New
49 Empirical Asset Management, LLC 0.10% of their portfolio WELLESLEY, MA 13,52913.5k $370.8k $370.8k 0.10% New
50 Pinnacle Financial Partners, Inc. 0.00% of their portfolio ATLANTA, GA 12,68912.7k $347.8k $347.8k 0.00% First filing
51 LEAVELL INVESTMENT MANAGEMENT, INC. 0.01% of their portfolio MOBILE, AL 10,55810.6k $289.4k $289.4k 0.01% Unchanged
52 Martin Capital Partners, LLC 0.11% of their portfolio EUGENE, OR 10,39510.4k $285.0k $285.0k 0.11% Reduced -925 -925
53 ONE PLUS ONE WEALTH MANAGEMENT, LLC 0.12% of their portfolio JUPITER, FL 9,7189.7k $266.4k $266.4k 0.12% New
54 Haverford Trust Co 0.00% of their portfolio Radnor, PA 9,3009.3k $254.9k $254.9k 0.00% Unchanged
55 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 7,9457.9k $217.8k $217.8k 0.00% Added +4 +4
56 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 7,5197.5k $206.0k $206.0k 0.00% Unchanged
57 LFA - Lugano Financial Advisors SA 0.09% of their portfolio LUGANO, V8 6,4576.5k $177.0k $177.0k 0.09% Reduced -1.9k -1,937
58 COMERICA BANK 0.00% of their portfolio DALLAS, TX 5,6265.6k $154.2k $154.2k 0.00% Unchanged
59 Inlight Wealth Management, LLC 0.03% of their portfolio ATLANTA, GA 3,1893.2k $87.4k $87.4k 0.03% Unchanged
60 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 1,8181.8k $49.8k $49.8k 0.00% Unchanged
61 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 1,7061.7k $46.4k $46.4k 0.00% New
62 MONTAG A & ASSOCIATES INC 0.00% of their portfolio ATLANTA, GA 1,6961.7k $46.5k $46.5k 0.00% Unchanged
63 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 1,2871.3k $35.3k $35.3k 0.00% Reduced -902 -902
64 CREATIVE FINANCIAL DESIGNS INC /ADV 0.00% of their portfolio KOKOMO, IN 1,0271.0k $28.2k $28.2k 0.00% Added +6 +6
65 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 365365 $10.0k $10.0k 0.00% Added +2 +2
66 CARDIFF PARK ADVISORS, LLC 0.00% of their portfolio SAN MARCOS, CA 325325 $8.9k $8.9k 0.00% Unchanged
67 Elevated Capital Advisors, LLC 0.00% of their portfolio SANDY, UT 244244 $6.7k $6.7k 0.00% New
68 Smartleaf Asset Management LLC 0.00% of their portfolio BOSTON, MA 168168 $4.6k $4.6k 0.00% Unchanged
69 Caldwell Trust Co 0.00% of their portfolio Venice, FL 125125 $3.4k $3.4k 0.00% Unchanged
70 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 9999 $2.7k $2.7k 0.00% Unchanged
71 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 7979 $2.2k $2.2k 0.00% Added +57 +57
72 Legacy Wealth Managment, LLC/ID 0.00% of their portfolio BOISE, ID 2727 $741 $741 0.00% Unchanged
73 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 22 $55 $55 0.00% Unchanged
74 EASTERN BANK 0.00% of their portfolio BOSTON, MA 11 $27 $27 0.00% Unchanged