Vault-13

SPDR SER TR CWB

BBG CONV SEC ETF · ETP · CUSIP 78464A359

462 institutional holders -4 vs Q3 2023
33,119,86333.1m shares reported held*
$2.4bnreported value*
45 new 103 added 194 reduced 65 sold out net sold ≈ $708.3m (-10.0m 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 ($6.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $73.02. Options: 3 managers hold calls ($3.2m notional), 3 hold puts ($1.3m).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 458Q4 22: 474Q1 23: 442Q2 23: 478Q3 23: 466Q4 23: 462462Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 2022458
Q4 2022474
Q1 2023442
Q2 2023478
Q3 2023466
Q4 2023462

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q4 22: 168 bought or addedQ4 22: 232 cut or sold outQ4 22Q1 23: 165 bought or addedQ1 23: 246 cut or sold outQ1 23Q2 23: 195 bought or addedQ2 23: 217 cut or sold outQ2 23Q3 23: 173 bought or addedQ3 23: 245 cut or sold outQ3 23Q4 23: 148 bought or addedQ4 23: 259 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022168232
Q1 2023165246
Q2 2023195217
Q3 2023173245
Q4 2023148259

Calls vs puts

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

CallsPuts
$0$1m$2m$3m$4mQ1 23 calls: $2.3mQ1 23 puts: $11.7kQ1 23P/C 0.01Q2 23 calls: $2.1mQ2 23 puts: $2.0kQ2 23P/C 0.00Q3 23 calls: $1.7mQ3 23 puts: $1.8mQ3 23P/C 1.05Q4 23 calls: $3.2mQ4 23 puts: $1.3mQ4 23P/C 0.42
Numbers
QuarterCallsPutsP/C
Q1 2023$2.3m$11.7k0.01
Q2 2023$2.1m$2.0k0.00
Q3 2023$1.7m$1.8m1.05
Q4 2023$3.2m$1.3m0.42

Biggest buyers

MORGAN STANLEY Added +1,826,792+1.8m
RIA Advisory Group LLC New +811,304+811.3k
Ocean Park Asset Management, LLC New +407,478+407.5k
One Wealth Map LLC Added +271,365+271.4k
RENAISSANCE TECHNOLOGIES LLC Added +181,217+181.2k
Goodman Advisory Group, LLC New +150,634+150.6k
CAPSTONE INVESTMENT ADVISORS, LLC New +107,101+107.1k
BANK OF MONTREAL /CAN/ Added +106,893+106.9k
Allworth Financial LP Added +99,159+99.2k
JPMORGAN CHASE & CO Added +87,017+87.0k

Biggest sellers

ASSETMARK, INC Reduced -2,359,788-2.4m
ENVESTNET ASSET MANAGEMENT INC Reduced -2,133,301-2.1m
Howard Capital Management, LLC Reduced -1,907,486-1.9m
OSAIC HOLDINGS, INC. Reduced -953,670-953.7k
Cetera Investment Advisers Reduced -785,994-786.0k
Orion Portfolio Solutions, LLC Sold out -517,988-518.0k
Orion Porfolio Solutions, LLC Sold out -517,988-518.0k
NORDEN GROUP LLC Sold out -388,191-388.2k
Lloyd Advisory Services, LLC. Sold out -388,191-388.2k
Cetera Advisors LLC Reduced -379,497-379.5k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $2.2m29.8k shares
CITADEL ADVISORS LLC Added $1.0m13.9k shares
Cutler Group LLC / CA Added $16.0k2.8k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP New $735.9k10.2k shares
CITADEL ADVISORS LLC Reduced $598.8k8.3k shares
Cutler Group LLC / CA Reduced $07.8k 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 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 3,905,2983.9m $281.8m $281.8m 0.01% Added +1.8m +1,826,792
2 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 2,768,9002.8m $199.8m $199.8m 0.02% Added +39.6k +39,557
3 GOLDMAN SACHS GROUP INC 0.03% of their portfolio NEW YORK, NY 1,767,7551.8m $127.5m $127.5m 0.03% Added +61.7k +61,717
4 BESSEMER GROUP INC 0.18% of their portfolio WOODBRIDGE, NJ 1,289,5191.3m $93.0m $93.0m 0.18% Unchanged
5 New York Life Investment Management LLC 0.90% of their portfolio New York, NY 1,216,2831.2m $87.8m $87.8m 0.90% Added +3.6k +3,592
6 LPL Financial LLC 0.05% of their portfolio FORT MILL, SC 1,098,9391.1m $79.3m $79.3m 0.05% Reduced -20.5k -20,452
7 DELTA CAPITAL MANAGEMENT LLC 0.54% of their portfolio RED BANK, NJ 1,071,0001.1m $773.0k $773.0k 0.54% Unchanged
8 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 1,023,0411.0m $73.8m $73.8m 0.02% Reduced -165.0k -165,005
9 PNC Financial Services Group, Inc. 0.05% of their portfolio Pittsburgh, PA 954,707954.7k $68.9m $68.9m 0.05% Reduced -55.3k -55,337
10 DEUTSCHE BANK AG\ 0.03% of their portfolio FRANKFURT AM MAIN, 2M 946,354946.4k $68.3m $68.3m 0.03% Reduced -722 -722
11 RIA Advisory Group LLC 30.92% of their portfolio Des Moines, IA 811,304811.3k $74.1m $74.1m 30.92% New
12 BANK OF MONTREAL /CAN/ 0.02% of their portfolio TORONTO, A6 811,153811.2k $58.8m $58.8m 0.02% Added +106.9k +106,893
13 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 804,804804.8k $58.1m $58.1m 0.02% Reduced -240.2k -240,178
14 ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio Berwyn, PA 589,993590.0k $42.6m $42.6m 0.02% Reduced -2.1m -2,133,301
15 UBS Group AG 0.02% of their portfolio ZURICH, V8 537,565537.6k $38.8m $38.8m 0.02% Reduced -53.1k -53,123
16 One Wealth Map LLC 19.89% of their portfolio LAS VEGAS, NV 439,412439.4k $31.6m $31.6m 19.89% Added +271.4k +271,365
17 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.03% of their portfolio MILWAUKEE, WI 410,378410.4k $29.6m $29.6m 0.03% Added +21.0k +21,041
18 Ocean Park Asset Management, LLC 1.44% of their portfolio SANTA MONICA, CA 407,478407.5k $29.4m $29.4m 1.44% New
19 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 396,219396.2k $28.6m $28.6m 0.01% Reduced -3.8k -3,779
20 FULTON BREAKEFIELD BROENNIMAN LLC 1.95% of their portfolio Bethesda, MD 335,381335.4k $24.2m $24.2m 1.95% Reduced -877 -877
21 Dakota Wealth Management 0.86% of their portfolio PALM BEACH GARDENS, FL 307,186307.2k $22.2m $22.2m 0.86% Reduced -8.9k -8,923
22 Cambridge Investment Research Advisors, Inc. 0.09% of their portfolio FAIRFIELD, IA 286,249286.2k $20.7m $20.7m 0.09% Reduced -28.4k -28,375
23 NOMURA ASSET MANAGEMENT CO LTD 0.08% of their portfolio TOKYO, M0 268,907268.9k $19.4m $19.4m 0.08% Reduced -63.9k -63,900
24 BARCLAYS PLC 0.01% of their portfolio LONDON, X0 268,286268.3k $19.4m $19.4m 0.01% Reduced -179.7k -179,675
25 GUGGENHEIM CAPITAL LLC 0.13% of their portfolio CHICAGO, IL 239,033239.0k $17.2m $17.2m 0.13% Reduced -26.4k -26,438
26 OSAIC HOLDINGS, INC. 0.03% of their portfolio SCOTTSDALE, AZ 233,832233.8k $16.9m $16.9m 0.03% Reduced -953.7k -953,670
27 COMMONWEALTH EQUITY SERVICES, LLC 0.03% of their portfolio WALTHAM, MA 221,892221.9k $16.0m $16.0m 0.03% Added +11.3k +11,280
28 Waldron Private Wealth LLC 0.76% of their portfolio BRIDGEVILLE, PA 220,712220.7k $15.9m $15.9m 0.76% Reduced -12.7k -12,710
29 TRUIST FINANCIAL CORP 0.02% of their portfolio CHARLOTTE, NC 214,485214.5k $15.5m $15.5m 0.02% Reduced -16.5k -16,522
30 River Wealth Advisors LLC 2.39% of their portfolio CAMP HILL, PA 207,628207.6k $15.0m $15.0m 2.39% Added +3.7k +3,677
31 State of Tennessee, Department of Treasury 0.06% of their portfolio NASHVILLE, TN 207,200207.2k $14.9m $14.9m 0.06% Added +57.5k +57,500
32 ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio NASHVILLE, TN 203,465203.5k $14.7m $14.7m 0.01% Added +13.5k +13,540
33 Allianz Asset Management GmbH 0.03% of their portfolio MUNICH, 2M 200,600200.6k $14.5m $14.5m 0.03% Reduced -32.6k -32,555
34 ST GERMAIN D J CO INC 0.72% of their portfolio SPRINGFIELD, MA 190,717190.7k $13.8m $13.8m 0.72% Reduced -6.9k -6,946
35 RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio NEW YORK, NY 187,100187.1k $13.5m $13.5m 0.02% Added +181.2k +181,217
36 XML Financial, LLC 1.42% of their portfolio BETHESDA, MD 186,560186.6k $13.5m $13.5m 1.42% Added +8.5k +8,497
37 B. Riley Wealth Advisors, Inc. 0.35% of their portfolio MEMPHIS, TN 180,405180.4k $13.0m $13.0m 0.35% Reduced -84.9k -84,947
38 OPPENHEIMER ASSET MANAGEMENT INC. 0.17% of their portfolio NEW YORK, NY 173,777173.8k $12.5m $12.5m 0.17% Reduced -1.6k -1,610
39 Raymond James Financial Services Advisors, Inc. 0.02% of their portfolio ST. PETERSBURG, FL 167,436167.4k $12.1m $12.1m 0.02% Reduced -77.8k -77,795
40 Janney Montgomery Scott LLC 0.04% of their portfolio PHILADELPHIA, PA 166,756166.8k $12.0m $12.0m 0.04% Added +6.6k +6,598
41 HUNTINGTON NATIONAL BANK 0.11% of their portfolio COLUMBUS, OH 166,580166.6k $12.0m $12.0m 0.11% Reduced -1.8k -1,820
42 GeoWealth Management, LLC 0.97% of their portfolio CHICAGO, IL 161,967162.0k $11.7m $11.7m 0.97% Added +43.0k +43,030
43 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.03% of their portfolio PLYMOUTH, MN 155,409155.4k $11.2m $11.2m 0.03% Reduced -144.1k -144,064
44 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 155,316155.3k $11.2m $11.2m 0.01% Reduced -45.8k -45,774
45 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 154,334154.3k $11.1m $11.1m 0.00% Added +87.0k +87,017
46 Goodman Advisory Group, LLC 3.70% of their portfolio NEEDHAM, MA 150,634150.6k $10.9m $10.9m 3.70% New
47 MML INVESTORS SERVICES, LLC 0.05% of their portfolio SPRINGFIELD, MA 143,098143.1k $10.3m $10.3m 0.05% Reduced -85.0k -85,008
48 Hilltop Holdings Inc. 1.13% of their portfolio DALLAS, TX 138,025138.0k $10.0m $10.0m 1.13% Added +25.1k +25,085
49 BARINGS LLC 0.31% of their portfolio CHARLOTTE, NC 136,798136.8k $9.9m $9.9m 0.31% Unchanged
50 Petix & Botte Co 2.86% of their portfolio LA MESA, CA 134,803134.8k $9.7m $9.7m 2.86% Reduced -1.4k -1,398
51 Florin Court Capital LLP 9.57% of their portfolio London, X0 125,400125.4k $9.0m $9.0m 9.57% Reduced -12.5k -12,500
52 Paulson Wealth Management Inc. 2.90% of their portfolio West Palm Beach, FL 125,272125.3k $9.0m $9.0m 2.90% Added +844 +844
53 Atria Investments, Inc 0.14% of their portfolio Charlotte, NC 124,345124.3k $9.0m $9.0m 0.14% Added +6.1k +6,070
54 CWM, LLC 0.05% of their portfolio OMAHA, NE 123,463123.5k $8.9m $8.9m 0.05% Added +83.3k +83,315
55 Modera Wealth Management, LLC 0.14% of their portfolio WESTWOOD, NJ 121,202121.2k $8.7m $8.7m 0.14% Added +22.5k +22,503
56 NTV Asset Management LLC 1.44% of their portfolio Charleston, WV 118,652118.7k $8.6m $8.6m 1.44% Reduced -1.4k -1,432
57 AE Wealth Management LLC 0.04% of their portfolio TOPEKA, KS 118,535118.5k $8.4m $8.4m 0.04% Reduced -51.5k -51,481
58 FSC Wealth Advisors, LLC 6.13% of their portfolio WAPPINGERS FALLS, NY 115,974116.0k $8.4m $8.4m 6.13% Reduced -3.2k -3,172
59 OPPENHEIMER & CO INC 0.15% of their portfolio NEW YORK, NY 114,760114.8k $8.3m $8.3m 0.15% Reduced -1.8k -1,808
60 Creative Planning 0.02% of their portfolio OVERLAND PARK, KS 113,129113.1k $8.2m $8.2m 0.02% Added +2.4k +2,418
61 McAdam, LLC 0.58% of their portfolio Philadelphia, PA 110,790110.8k $8.0m $8.0m 0.58% Added +7.3k +7,340
62 AMG National Trust Bank 0.25% of their portfolio GREENWOOD VILLAGE, CO 109,021109.0k $7.9m $7.9m 0.25% Reduced -4.6k -4,551
63 Mariner, LLC 0.02% of their portfolio Overland Park, KS 107,570107.6k $7.8m $7.8m 0.02% Added +86.3k +86,348
64 CAPSTONE INVESTMENT ADVISORS, LLC 0.13% of their portfolio NEW YORK, NY 107,101107.1k $7.7m $7.7m 0.13% New
65 Windsor Capital Management, LLC 2.38% of their portfolio Phoenix, AZ 100,819100.8k $7.3m $7.3m 2.38% Reduced -1.1k -1,117
66 Allworth Financial LP 0.06% of their portfolio FOLSOM, CA 100,737100.7k $7.3m $7.3m 0.06% Added +99.2k +99,159
67 STEPHENS INC /AR/ 0.11% of their portfolio LITTLE ROCK, AR 91,07191.1k $6.6m $6.6m 0.11% Reduced -57.2k -57,176
68 Steward Partners Investment Advisory, LLC 0.09% of their portfolio STAMFORD, CT 90,37990.4k $6.5m $6.5m 0.09% Reduced -554 -554
69 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 88,43888.4k $6.4m $6.4m 0.00% Reduced -3.8k -3,781
70 BTS Asset Management, Inc. 4.70% of their portfolio Lincoln, MA 86,21986.2k $6.2m $6.2m 4.70% Added +80.1k +80,092
71 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 83,61983.6k $6.0m $6.0m 0.01% New
72 Baron Financial Group, LLC 3.73% of their portfolio Fair Lawn, NJ 81,10781.1k $5.9m $5.9m 3.73% Reduced -475 -475
73 SSI INVESTMENT MANAGEMENT LLC 0.40% of their portfolio Los Angeles, CA 73,98774.0k $5.3m $5.3m 0.40% Reduced -305 -305
74 Elequin Capital, LP 1.61% of their portfolio NEW YORK, NY 73,95974.0k $5.3m $5.3m 1.61% Added +24.3k +24,337
75 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 73,85873.9k $5.3m $5.3m 0.01% Added +2.1k +2,096
76 Private Advisor Group, LLC 0.04% of their portfolio MORRISTOWN, NJ 72,79972.8k $5.3m $5.3m 0.04% Reduced -4.4k -4,355
77 Kingsview Wealth Management, LLC 0.15% of their portfolio GRANTS PASS, OR 71,34071.3k $5.1m $5.1m 0.15% Added +13.9k +13,897
78 Arkos Global Advisors 0.92% of their portfolio HOUSTON, TX 70,08370.1k $5.1m $5.1m 0.92% Reduced -105 -105
79 Rockefeller Capital Management L.P. 0.02% of their portfolio NEW YORK, NY 68,97169.0k $5.0m $5.0m 0.02% Added +2.3k +2,282
80 Riggs Asset Managment Co. Inc. 1.55% of their portfolio DALLAS, PA 67,47467.5k $4.9m $4.9m 1.55% Reduced -9.1k -9,052
81 Advisory Alpha, LLC 0.22% of their portfolio HOLLAND, MI 67,01467.0k $4.8m $4.8m 0.22% Added +1.2k +1,161
82 MacKay Shields LLC 0.14% of their portfolio New York, NY 65,86465.9k $4.8m $4.8m 0.14% New
83 David J Yvars Group 3.70% of their portfolio UNIVERSITY PARK, FL 63,70563.7k $4.6m $4.6m 3.70% Reduced -2.8k -2,832
84 Sterling Investment Advisors, Ltd. 1.30% of their portfolio BERWYN, PA 57,82957.8k $4.2m $4.2m 1.30% Added +13 +13
85 Calamos Advisors LLC 0.02% of their portfolio NAPERVILLE, IL 57,55557.6k $4.2m $4.2m 0.02% New
86 Chicago Partners Investment Group LLC 0.19% of their portfolio CHICAGO, IL 57,51857.5k $4.1m $4.1m 0.19% Reduced -2.5k -2,520
87 WealthTrust Asset Management, LLC 3.47% of their portfolio Destin, FL 57,11157.1k $4.1m $4.1m 3.47% Reduced -25.4k -25,379
88 Cetera Advisor Networks LLC 0.02% of their portfolio EL SEGUNDO, CA 56,60456.6k $4.1m $4.1m 0.02% Reduced -199.2k -199,202
89 Advisors Preferred, LLC 0.65% of their portfolio ROCKVILLE, MD 55,12755.1k $3.9m $3.9m 0.65% Reduced -127.3k -127,302
90 Sage Capital Management, LLC 2.31% of their portfolio Stockton, NJ 53,53953.5k $3.9m $3.9m 2.31% First filing
91 SYKON CAPITAL LLC 1.47% of their portfolio HARRISON, NY 51,06551.1k $3.7m $3.7m 1.47% Reduced -7.7k -7,703
92 Estate Counselors, LLC 0.43% of their portfolio Thiensville, WI 48,21048.2k $3.5m $3.5m 0.43% Added +6.8k +6,760
93 TFG Advisers LLC 1.46% of their portfolio Auburn Hills, MI 48,07348.1k $3.5m $3.5m 1.46% Reduced -568 -568
94 Geneos Wealth Management Inc. 0.17% of their portfolio ENGLEWOOD, CO 47,57947.6k $3.4m $3.4m 0.17% Reduced -3.1k -3,102
95 CAPTRUST FINANCIAL ADVISORS 0.01% of their portfolio RALEIGH, NC 42,41042.4k $3.1m $3.1m 0.01% Reduced -219 -219
96 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 40,89240.9k $3.0m $3.0m 0.00% Added +320 +320
97 HF Advisory Group, LLC 1.87% of their portfolio Annapolis, MD 40,55140.6k $2.9m $2.9m 1.87% Added +861 +861
98 WESBANCO BANK INC 0.16% of their portfolio WHEELING, WV 40,19840.2k $2.9m $2.9m 0.16% Added +325 +325
99 CHESAPEAKE CAPITAL CORP /IL/ 2.11% of their portfolio TAMPA, FL 40,08940.1k $2.9m $2.9m 2.11% First filing
100 CIM, LLC 0.43% of their portfolio ALBANY, NY 38,94938.9k $2.8m $2.8m 0.43% Added +444 +444