Vault-13

SPDR SER TR CWB

BBG CONV SEC ETF · ETP · CUSIP 78464A359

474 institutional holders +16 vs Q3 2022
38,472,95638.5m shares reported held*
$2.5bnreported value*
43 new 125 added 188 reduced 44 sold out net bought ≈ $37.1m (+1.1m 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 ($6.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $64.40. Options: 4 managers hold calls ($4.6m notional), 2 hold puts ($2.2m).

Trends to Q4 2022

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 458Q4 22: 474474Q3 22Q4 22
Numbers
QuarterHolders
Q3 2022458
Q4 2022474

Calls vs puts

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

CallsPuts
$0$10m$20m$30m$40mQ3 22 calls: $4.7mQ3 22 puts: $31.1mQ3 22P/C 6.57Q4 22 calls: $4.6mQ4 22 puts: $2.2mQ4 22P/C 0.49
Numbers
QuarterCallsPutsP/C
Q3 2022$4.7m$31.1m6.57
Q4 2022$4.6m$2.2m0.49

Biggest buyers

Conservest Capital Advisors, Inc. New +574,625+574.6k
GOLDMAN SACHS GROUP INC Added +554,448+554.4k
JANE STREET GROUP, LLC Added +542,988+543.0k
ASSETMARK, INC Added +368,191+368.2k
ACT Advisors, LLC. New +230,095+230.1k
BANK OF AMERICA CORP /DE/ Added +213,981+214.0k
Allianz Asset Management GmbH Added +168,210+168.2k
Elequin Capital, LP New +153,900+153.9k
BANK OF MONTREAL /CAN/ Added +117,990+118.0k
Calamos Wealth Management LLC Added +105,717+105.7k

Biggest sellers

Conservest Capital Advisors, Inc. Sold out -594,609-594.6k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -235,666-235.7k
MORGAN STANLEY Reduced -206,347-206.3k
OPPENHEIMER ASSET MANAGEMENT INC. Reduced -175,671-175.7k
Advisory Alpha, LLC Reduced -159,279-159.3k
New York Life Investment Management LLC Reduced -150,953-151.0k
Kestra Advisory Services, LLC Reduced -123,370-123.4k
CFS Investment Advisory Services, LLC Sold out -120,966-121.0k
CITADEL ADVISORS LLC Reduced -108,251-108.3k
NOMURA ASSET MANAGEMENT CO LTD Reduced -95,700-95.7k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $3.9m61.2k shares
WOLVERINE TRADING, LLC Added $380.0k5.9k shares
CITADEL ADVISORS LLC Added $283.1k4.4k shares
Cutler Group LLC / CA Added $0200 shares

Biggest puts

CITADEL ADVISORS LLC Reduced $2.2m33.5k shares
Cutler Group LLC / CA Added $81.0k47.4k shares

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 2022

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ASSETMARK, INC 1.03% of their portfolio CONCORD, CA 3,681,2263.7m $236.9m $236.9m 1.03% Added +368.2k +368,191
2 BANK OF AMERICA CORP /DE/ 0.03% of their portfolio CHARLOTTE, NC 3,245,5893.2m $208.8m $208.8m 0.03% Added +214.0k +213,981
3 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 2,139,2322.1m $137.6m $137.6m 0.02% Reduced -206.3k -206,347
4 GOLDMAN SACHS GROUP INC 0.03% of their portfolio NEW YORK, NY 1,850,1671.9m $119.0m $119.0m 0.03% Added +554.4k +554,448
5 JANE STREET GROUP, LLC 0.22% of their portfolio NEW YORK, NY 1,847,0641.8m $118.8m $118.8m 0.22% Added +543.0k +542,988
6 WELLS FARGO & COMPANY/MN 0.03% of their portfolio SAN FRANCISCO, CA 1,261,9121.3m $81.2m $81.2m 0.03% Reduced -69.7k -69,657
7 PNC Financial Services Group, Inc. 0.07% of their portfolio Pittsburgh, PA 1,132,3231.1m $72.9m $72.9m 0.07% Reduced -76.1k -76,135
8 ENVESTNET ASSET MANAGEMENT INC 0.04% of their portfolio Berwyn, PA 1,085,2331.1m $69.8m $69.8m 0.04% Added +1.0k +1,030
9 LPL Financial LLC 0.05% of their portfolio FORT MILL, SC 981,179981.2k $63.1m $63.1m 0.05% Reduced -5.9k -5,918
10 New York Life Investment Management LLC 0.69% of their portfolio New York, NY 940,802940.8k $60.5m $60.5m 0.69% Reduced -151.0k -150,953
11 BANK OF MONTREAL /CAN/ 0.03% of their portfolio TORONTO, A6 866,841866.8k $55.9m $55.9m 0.03% Added +118.0k +117,990
12 DEUTSCHE BANK AG\ 0.03% of their portfolio FRANKFURT AM MAIN, 2M 854,998855.0k $55.0m $55.0m 0.03% Reduced -680 -680
13 UBS Group AG 0.02% of their portfolio ZURICH, V8 718,384718.4k $46.2m $46.2m 0.02% Reduced -53.4k -53,354
14 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 600,846600.8k $38.7m $38.7m 0.01% Reduced -4.2k -4,209
15 Conservest Capital Advisors, Inc. 4.69% of their portfolio WYNNEWOOD, PA 574,625574.6k $37.0m $37.0m 4.69% New
16 ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio NASHVILLE, TN 571,888571.9k $36.8m $36.8m 0.02% Unchanged
17 OSAIC HOLDINGS, INC. 0.07% of their portfolio SCOTTSDALE, AZ 522,196522.2k $33.6m $33.6m 0.07% Reduced -44.8k -44,848
18 Allianz Asset Management GmbH 0.07% of their portfolio MUNICH, 2M 514,185514.2k $33.1m $33.1m 0.07% Added +168.2k +168,210
19 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.05% of their portfolio MILWAUKEE, WI 465,065465.1k $29.9m $29.9m 0.05% Reduced -69.5k -69,515
20 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 445,595445.6k $28.7m $28.7m 0.01% Reduced -5.6k -5,621
21 BARCLAYS PLC 0.02% of their portfolio LONDON, X0 425,335425.3k $27.4m $27.4m 0.02% First filing
22 ST GERMAIN D J CO INC 0.84% of their portfolio SPRINGFIELD, MA 422,474422.5k $13.6m $13.6m 0.84% Not comparable
23 Insight Wealth Strategies, LLC 4.34% of their portfolio SAN RAMON, CA 349,283349.3k $22.5m $22.5m 4.34% Reduced -45.6k -45,581
24 Cambridge Investment Research Advisors, Inc. 0.11% of their portfolio FAIRFIELD, IA 330,964331.0k $21.3m $21.3m 0.11% Reduced -13.6k -13,636
25 FULTON BREAKEFIELD BROENNIMAN LLC 1.79% of their portfolio Bethesda, MD 313,169313.2k $20.1m $20.1m 1.79% Reduced -1.7k -1,651
26 TRUIST FINANCIAL CORP 0.03% of their portfolio CHARLOTTE, NC 285,651285.7k $18.4m $18.4m 0.03% Reduced -33.2k -33,228
27 GUGGENHEIM CAPITAL LLC 0.16% of their portfolio CHICAGO, IL 281,800281.8k $18.1m $18.1m 0.16% Reduced -34.6k -34,593
28 Hall Private Wealth Advisors 9.97% of their portfolio SAN DIEGO, CA 272,611272.6k $17.5m $17.5m 9.97% Reduced -48.6k -48,591
29 MML INVESTORS SERVICES, LLC 0.11% of their portfolio SPRINGFIELD, MA 271,748271.7k $17.5m $17.5m 0.11% Added +48.0k +47,986
30 STIFEL FINANCIAL CORP 0.02% of their portfolio ST. LOUIS, MO 237,141237.1k $15.3m $15.3m 0.02% Added +40.7k +40,678
31 TOWNSQUARE CAPITAL LLC 0.38% of their portfolio Lehi, UT 235,931235.9k $15.2m $15.2m 0.38% Reduced -9.5k -9,498
32 ACT Advisors, LLC. 9.42% of their portfolio ASHEVILLE, NC 230,095230.1k $14.8m $14.8m 9.42% New
33 Raymond James Financial Services Advisors, Inc. 0.03% of their portfolio ST. PETERSBURG, FL 218,526218.5k $14.1m $14.1m 0.03% Added +2.3k +2,283
34 Waldron Private Wealth LLC 0.84% of their portfolio BRIDGEVILLE, PA 214,667214.7k $13.6m $13.6m 0.84% Unchanged
35 COMMONWEALTH EQUITY SERVICES, LLC 0.03% of their portfolio WALTHAM, MA 204,842204.8k $13.2m $13.2m 0.03% Reduced -22.4k -22,404
36 B. Riley Wealth Advisors, Inc. 0.37% of their portfolio MEMPHIS, TN 204,239204.2k $13.1m $13.1m 0.37% Reduced -5.8k -5,758
37 River Wealth Advisors LLC 2.46% of their portfolio CAMP HILL, PA 198,108198.1k $12.7m $12.7m 2.46% Added +4.4k +4,434
38 HUNTINGTON NATIONAL BANK 0.13% of their portfolio COLUMBUS, OH 190,615190.6k $12.3m $12.3m 0.13% Reduced -23.3k -23,258
39 OPPENHEIMER ASSET MANAGEMENT INC. 0.19% of their portfolio NEW YORK, NY 183,517183.5k $11.8m $11.8m 0.19% Reduced -175.7k -175,671
40 AMG National Trust Bank 0.43% of their portfolio GREENWOOD VILLAGE, CO 183,464183.5k $11.8m $11.8m 0.43% Added +13.9k +13,898
41 XML Financial, LLC 1.40% of their portfolio BETHESDA, MD 173,242173.2k $11.1m $11.1m 1.40% Added +5.5k +5,473
42 STEPHENS INC /AR/ 0.23% of their portfolio LITTLE ROCK, AR 171,200171.2k $11.0m $11.0m 0.23% Reduced -47.7k -47,731
43 Janney Montgomery Scott LLC 0.04% of their portfolio PHILADELPHIA, PA 167,218167.2k $10.8m $10.8m 0.04% Added +9.2k +9,154
44 Strategic Investment Advisors / MI 2.21% of their portfolio FARMINGTON HILLS, MI 165,700165.7k $10.7m $10.7m 2.21% Reduced -36.1k -36,115
45 Syntegra Private Wealth Group, LLC 1.99% of their portfolio Chesterfield, MO 154,697154.7k $10.0m $10.0m 1.99% First filing
46 Elequin Capital, LP 2.79% of their portfolio NEW YORK, NY 153,900153.9k $9.9m $9.9m 2.79% New
47 NOMURA ASSET MANAGEMENT CO LTD 0.06% of their portfolio TOKYO, M0 153,057153.1k $9.8m $9.8m 0.06% Reduced -95.7k -95,700
48 Cetera Advisor Networks LLC 0.08% of their portfolio EL SEGUNDO, CA 149,384149.4k $9.6m $9.6m 0.08% Added +44.2k +44,200
49 State of Tennessee, Department of Treasury 0.04% of their portfolio NASHVILLE, TN 148,500148.5k $9.6m $9.6m 0.04% Reduced -64.9k -64,900
50 Bensler, LLC 1.92% of their portfolio Bellevue, WA 134,474134.5k $8.7m $8.7m 1.92% Added +9.5k +9,537
51 Calamos Wealth Management LLC 0.66% of their portfolio NAPERVILLE, IL 132,102132.1k $8.5m $8.5m 0.66% Added +105.7k +105,717
52 SSI INVESTMENT MANAGEMENT LLC 0.54% of their portfolio Los Angeles, CA 131,564131.6k $8.5m $8.5m 0.54% Reduced -122 -122
53 NTV Asset Management LLC 1.60% of their portfolio Charleston, WV 126,452126.5k $8.1m $8.1m 1.60% Reduced -2.2k -2,196
54 McAdam, LLC 1.02% of their portfolio Philadelphia, PA 124,391124.4k $10.3m $10.3m 1.02% Added +28.6k +28,575
55 Harfst & Associates, Inc. 2.27% of their portfolio Sheridan, WY 122,086122.1k $7.9m $7.9m 2.27% Reduced -12.3k -12,345
56 Legacy Financial Group LLC 2.33% of their portfolio DES MOINES, IA 120,796120.8k $7.8m $7.8m 2.33% Added +4.3k +4,333
57 OPPENHEIMER & CO INC 0.17% of their portfolio NEW YORK, NY 118,698118.7k $7.6m $7.6m 0.17% Reduced -6.0k -6,025
58 Modera Wealth Management, LLC 0.31% of their portfolio WESTWOOD, NJ 117,943117.9k $7.6m $7.6m 0.31% Reduced -1.1k -1,064
59 BLUEFIN CAPITAL MANAGEMENT, LLC 1.33% of their portfolio NEW YORK, NY 117,262117.3k $7.5m $7.5m 1.33% Added +62.6k +62,639
60 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 117,162117.2k $7.5m $7.5m 0.01% Added +818 +818
61 RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio ST PETERSBURG, FL 115,326115.3k $7.4m $7.4m 0.01% Reduced -5.6k -5,596
62 Paulson Wealth Management Inc. 3.57% of their portfolio West Palm Beach, FL 113,750113.8k $7.3m $7.3m 3.57% Reduced -36.7k -36,668
63 Kingsview Wealth Management, LLC 0.30% of their portfolio GRANTS PASS, OR 106,250106.2k $6.8m $6.8m 0.30% Added +53.1k +53,137
64 Windsor Capital Management, LLC 2.39% of their portfolio Phoenix, AZ 102,225102.2k $6.6m $6.6m 2.39% Reduced -4.0k -4,004
65 Steward Partners Investment Advisory, LLC 0.10% of their portfolio STAMFORD, CT 93,00593.0k $6.0m $6.0m 0.10% Added +2.1k +2,096
66 Calamos Advisors LLC 0.03% of their portfolio NAPERVILLE, IL 83,26283.3k $5.4m $5.4m 0.03% New
67 Transamerica Financial Advisors, LLC 0.76% of their portfolio CEDAR RAPIDS, IA 82,50282.5k $5.3m $5.3m 0.76% Reduced -21.3k -21,300
68 Baron Financial Group, LLC 3.48% of their portfolio Fair Lawn, NJ 81,60781.6k $5.3m $5.3m 3.48% Added +260 +260
69 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 79,23979.2k $5.1m $5.1m 0.01% Added +48.5k +48,525
70 Old North State Trust, LLC 3.34% of their portfolio GREENSBORO, NC 78,98979.0k $5.1m $5.1m 3.34% Added +1.7k +1,703
71 Csenge Advisory Group 0.38% of their portfolio CLEARWATER, FL 75,86475.9k $4.9m $4.9m 0.38% Reduced -8.5k -8,519
72 Private Advisor Group, LLC 0.14% of their portfolio MORRISTOWN, NJ 72,00272.0k $4.6m $4.6m 0.14% Reduced -11.6k -11,550
73 CW Advisors, LLC 0.12% of their portfolio BOSTON, MA 71,45171.5k $4.6m $4.6m 0.12% Unchanged
74 Yarbrough Capital, LLC 0.36% of their portfolio FRANKLIN, TN 71,35471.4k $4.6m $4.6m 0.36% Unchanged
75 MacKay Shields LLC 0.12% of their portfolio New York, NY 70,79070.8k $4.6m $4.6m 0.12% New
76 Disciplined Investments, LLC 2.17% of their portfolio TULSA, OK 68,85468.9k $4.4m $4.4m 2.17% Reduced -2.0k -2,036
77 David J Yvars Group 5.47% of their portfolio UNIVERSITY PARK, FL 67,78767.8k $4.4m $4.4m 5.47% Added +508 +508
78 Octavia Wealth Advisors, LLC 1.07% of their portfolio CINCINNATI, OH 67,36867.4k $4.3m $4.3m 1.07% Reduced -1.7k -1,721
79 Legacy Capital Wealth Partners, LLC 1.99% of their portfolio LITTLE ROCK, AR 64,75864.8k $4.2m $4.2m 1.99% Reduced -288 -288
80 Chicago Partners Investment Group LLC 0.27% of their portfolio CHICAGO, IL 63,67763.7k $4.4m $4.4m 0.27% Added +4.1k +4,145
81 Alliance Wealth Advisors, LLC /UT 1.83% of their portfolio Centerville, UT 63,33063.3k $4.1m $4.1m 1.83% First filing
82 FIRST HAWAIIAN BANK 0.14% of their portfolio HONOLULU, HI 61,73061.7k $4.0m $4.0m 0.14% Unchanged
83 Sterling Investment Advisors, Ltd. 1.41% of their portfolio BERWYN, PA 61,45661.5k $4.0m $4.0m 1.41% Reduced -6.6k -6,635
84 Atria Wealth Solutions, Inc. 0.06% of their portfolio NEW YORK, NY 59,54359.5k $3.8m $3.8m 0.06% Reduced -5.4k -5,370
85 PARK AVENUE SECURITIES LLC 0.07% of their portfolio NEW YORK, NY 59,44859.4k $3.8m $3.8m 0.07% Added +4.8k +4,779
86 Dynamic Advisor Solutions LLC 0.26% of their portfolio PHOENIX, AZ 59,11159.1k $3.8m $3.8m 0.26% Added +12.8k +12,800
87 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 56,47356.5k $3.6m $3.6m 0.00% Reduced -5.6k -5,641
88 Atria Investments, Inc 0.07% of their portfolio Charlotte, NC 55,67755.7k $3.6m $3.6m 0.07% Added +13.1k +13,090
89 EFG Private Wealth Management (Americas) Corp. 0.86% of their portfolio MIAMI, FL 54,21254.2k $3.5m $3.5m 0.86% Reduced -1.4k -1,410
90 AE Wealth Management LLC 0.02% of their portfolio TOPEKA, KS 53,57253.6k $3.4m $3.4m 0.02% Added +19.9k +19,883
91 BLAIR WILLIAM & CO/IL 0.01% of their portfolio CHICAGO, IL 52,94652.9k $3.4m $3.4m 0.01% Added +3.0k +3,005
92 GeoWealth Management, LLC 0.35% of their portfolio CHICAGO, IL 51,72351.7k $3.3m $3.3m 0.35% Reduced -49.0k -48,980
93 TFG Advisers LLC 1.66% of their portfolio Auburn Hills, MI 50,34350.3k $3.2m $3.2m 1.66% Reduced -209 -209
94 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 48,69448.7k $3.1m $3.1m 0.00% Reduced -2.3k -2,296
95 Algorithmic Investment Models, LLC 2.17% of their portfolio Boston, MA 47,97448.0k $3.1m $3.1m 2.17% Added +44.6k +44,582
96 Mariner, LLC 0.01% of their portfolio Overland Park, KS 46,15646.2k $3.0m $3.0m 0.01% Added +40.7k +40,723
97 Cavalier Investments, LLC 1.04% of their portfolio ALPHARETTA, GA 45,22145.2k $2.9m $2.9m 1.04% Reduced -2.4k -2,386
98 MONEYWISE, INC. 2.12% of their portfolio FOREST, VA 44,15844.2k $2.8m $2.8m 2.12% Reduced -28.5k -28,490
99 VestGen Investment Management 0.96% of their portfolio EGG HARBOR TOWNSHIP, NJ 43,44743.4k $2.8m $2.8m 0.96% Added +291 +291
100 Riggs Asset Managment Co. Inc. 1.15% of their portfolio DALLAS, PA 43,24543.2k $2.8m $2.8m 1.15% Reduced -60.9k -60,888