Vault-13

SPDR SER TR CWB

BBG CONV SEC ETF · ETP · CUSIP 78464A359

470 institutional holders -53 vs Q4 2024
33,706,00833.7m shares reported held*
$2.6bnreported value*
33 new 139 added 178 reduced 83 sold out net sold ≈ $333.6m (-4.3m 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 ($2.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $76.95. Options: 1 managers hold calls ($229.9k notional), 2 hold puts ($66.5m).

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 458Q4 22: 474Q1 23: 442Q2 23: 478Q3 23: 466Q4 23: 462Q1 24: 468Q2 24: 443Q3 24: 461Q4 24: 523Q1 25: 470470Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 2022458
Q4 2022474
Q1 2023442
Q2 2023478
Q3 2023466
Q4 2023462
Q1 2024468
Q2 2024443
Q3 2024461
Q4 2024523
Q1 2025470

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q2 23: 195 bought or addedQ2 23: 217 cut or sold outQ3 23: 173 bought or addedQ3 23: 245 cut or sold outQ3 23Q4 23: 148 bought or addedQ4 23: 259 cut or sold outQ1 24: 183 bought or addedQ1 24: 211 cut or sold outQ1 24Q2 24: 141 bought or addedQ2 24: 236 cut or sold outQ3 24: 174 bought or addedQ3 24: 210 cut or sold outQ3 24Q4 24: 217 bought or addedQ4 24: 180 cut or sold outQ1 25: 172 bought or addedQ1 25: 261 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 2023195217
Q3 2023173245
Q4 2023148259
Q1 2024183211
Q2 2024141236
Q3 2024174210
Q4 2024217180
Q1 2025172261

Calls vs puts

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

CallsPuts
$0$20m$40m$60m$80mQ2 24 calls: $345.9kQ2 24 puts: $792.7kQ2 24P/C 2.29Q3 24 calls: $91.9kQ3 24 puts: $15.3kQ3 24P/C 0.17Q4 24 calls: $46.7kQ4 24 puts: $70.1kQ4 24P/C 1.50Q1 25 calls: $229.9kQ1 25 puts: $66.5mQ1 25P/C 289.27
Numbers
QuarterCallsPutsP/C
Q2 2024$345.9k$792.7k2.29
Q3 2024$91.9k$15.3k0.17
Q4 2024$46.7k$70.1k1.50
Q1 2025$229.9k$66.5m289.27

Biggest buyers

Orion Portfolio Solutions, LLC Added +489,216+489.2k
AMERIPRISE FINANCIAL INC Added +341,981+342.0k
Quadrature Capital Ltd Added +151,861+151.9k
BANK OF AMERICA CORP /DE/ Added +111,401+111.4k
WELLS FARGO & COMPANY/MN Added +96,221+96.2k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +89,367+89.4k
GOLDMAN SACHS GROUP INC Added +86,654+86.7k
RAYMOND JAMES FINANCIAL INC Added +69,034+69.0k
Florin Court Capital LLP Added +67,700+67.7k
LPL Financial LLC Added +64,481+64.5k

Biggest sellers

ASSETMARK, INC Reduced -1,576,690-1.6m
Ocean Park Asset Management, LLC Sold out -870,551-870.6k
GeoWealth Management, LLC Reduced -230,629-230.6k
POTOMAC FUND MANAGEMENT INC /ADV Sold out -199,200-199.2k
Strategic Investment Advisors / MI Sold out -179,758-179.8k
Goodman Advisory Group, LLC Sold out -160,760-160.8k
ENVESTNET ASSET MANAGEMENT INC Reduced -149,284-149.3k
New York Life Investment Management LLC Reduced -138,261-138.3k
WIN ADVISORS, INC Sold out -119,536-119.5k
NOMURA ASSET MANAGEMENT CO LTD Reduced -113,210-113.2k

Biggest calls

CITADEL ADVISORS LLC Added $229.9k3.0k shares

Biggest puts

SONA ASSET MANAGEMENT (US) LLC New $64.9m847.1k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP New $1.6m20.7k 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, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 2,635,5542.6m $201.9m $201.9m 0.02% Added +111.4k +111,401
2 ENVESTNET ASSET MANAGEMENT INC 0.06% of their portfolio Berwyn, PA 2,424,3762.4m $185.8m $185.8m 0.06% Reduced -149.3k -149,284
3 Howard Capital Management, LLC 4.57% of their portfolio Alpharetta, GA 2,375,2932.4m $182.0m $182.0m 4.57% Added +21.0k +20,976
4 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 1,621,7251.6m $124.3m $124.3m 0.01% Reduced -4.9k -4,870
5 Cetera Investment Advisers 0.24% of their portfolio SCHAUMBURG, IL 1,587,3901.6m $121.6m $121.6m 0.24% Reduced -4.5k -4,506
6 AMERIPRISE FINANCIAL INC 0.03% of their portfolio MINNEAPOLIS, MN 1,345,6221.3m $103.1m $103.1m 0.03% Added +342.0k +341,981
7 LPL Financial LLC 0.04% of their portfolio FORT MILL, SC 1,282,5841.3m $98.3m $98.3m 0.04% Added +64.5k +64,481
8 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 1,212,2541.2m $92.9m $92.9m 0.02% Added +96.2k +96,221
9 BESSEMER GROUP INC 0.16% of their portfolio WOODBRIDGE, NJ 1,138,5841.1m $87.2m $87.2m 0.16% Unchanged
10 DELTA CAPITAL MANAGEMENT LLC 0.48% of their portfolio RED BANK, NJ 1,086,0001.1m $832.0k $832.0k 0.48% Added +15.0k +15,000
11 Orion Portfolio Solutions, LLC 0.37% of their portfolio Omaha, NE 971,466971.5k $75.0m $75.0m 0.37% Added +489.2k +489,216
12 PNC Financial Services Group, Inc. 0.03% of their portfolio Pittsburgh, PA 806,490806.5k $61.8m $61.8m 0.03% Reduced -15.7k -15,664
13 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 704,622704.6k $54.0m $54.0m 0.01% Added +86.7k +86,654
14 New York Life Investment Management LLC 0.51% of their portfolio New York, NY 658,630658.6k $50.5m $50.5m 0.51% Reduced -138.3k -138,261
15 DEUTSCHE BANK AG\ 0.02% of their portfolio FRANKFURT AM MAIN, 2M 637,248637.2k $48.8m $48.8m 0.02% Unchanged
16 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.04% of their portfolio MILWAUKEE, WI 585,057585.1k $44.8m $44.8m 0.04% Added +89.4k +89,367
17 Allianz Asset Management GmbH 0.07% of their portfolio MUNICH, 2M 578,800578.8k $44.3m $44.3m 0.07% Reduced -108.1k -108,100
18 Orion Porfolio Solutions, LLC 0.37% of their portfolio OMAHA, NE 489,216489.2k $37.5m $37.5m 0.37% Added +7.0k +6,966
19 UBS Group AG 0.01% of their portfolio ZURICH, V8 482,900482.9k $37.0m $37.0m 0.01% Added +8.1k +8,102
20 BANK OF MONTREAL /CAN/ 0.02% of their portfolio TORONTO, A6 450,177450.2k $34.5m $34.5m 0.02% Reduced -12.1k -12,095
21 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 389,206389.2k $29.8m $29.8m 0.01% Reduced -315 -315
22 One Wealth Map LLC 18.82% of their portfolio LAS VEGAS, NV 382,490382.5k $28.3m $28.3m 18.82% Added +2.3k +2,258
23 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 337,953338.0k $25.9m $25.9m 0.01% Added +69.0k +69,034
24 ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio NASHVILLE, TN 301,780301.8k $23.1m $23.1m 0.01% Unchanged
25 Quadrature Capital Ltd 0.47% of their portfolio LONDON, X0 274,499274.5k $21.0m $21.0m 0.47% Added +151.9k +151,861
26 Cambridge Investment Research Advisors, Inc. 0.07% of their portfolio FAIRFIELD, IA 265,839265.8k $20.4m $20.4m 0.07% Added +7.8k +7,825
27 COMMONWEALTH EQUITY SERVICES, LLC 0.03% of their portfolio WALTHAM, MA 241,683241.7k $18.5m $18.5m 0.03% Reduced -259 -259
28 TRUIST FINANCIAL CORP 0.03% of their portfolio CHARLOTTE, NC 231,260231.3k $17.7m $17.7m 0.03% Added +25.8k +25,795
29 Wealth Watch Advisors, INC 14.01% of their portfolio ENGLEWOOD, CO 225,041225.0k $17.2m $17.2m 14.01% Reduced -6.6k -6,570
30 River Wealth Advisors LLC 2.39% of their portfolio CAMP HILL, PA 224,733224.7k $17.2m $17.2m 2.39% Added +2.3k +2,285
31 GUGGENHEIM CAPITAL LLC 0.15% of their portfolio CHICAGO, IL 215,552215.6k $16.5m $16.5m 0.15% Added +362 +362
32 OSAIC HOLDINGS, INC. 0.04% of their portfolio SCOTTSDALE, AZ 215,192215.2k $16.5m $16.5m 0.04% Reduced -95.0k -95,031
33 XML Financial, LLC 1.50% of their portfolio BETHESDA, MD 209,376209.4k $16.0m $16.0m 1.50% Reduced -709 -709
34 Waldron Private Wealth LLC 0.73% of their portfolio BRIDGEVILLE, PA 201,420201.4k $15.4m $15.4m 0.73% Reduced -3.9k -3,896
35 Florin Court Capital LLP 12.79% of their portfolio London, X0 160,977161.0k $12.3m $12.3m 12.79% Added +67.7k +67,700
36 Janney Montgomery Scott LLC 0.03% of their portfolio PHILADELPHIA, PA 155,479155.5k $11.9m $11.9m 0.03% Added +732 +732
37 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 143,341143.3k $11.0m $11.0m 0.01% Reduced -51.5k -51,466
38 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.02% of their portfolio PLYMOUTH, MN 143,328143.3k $11.0m $11.0m 0.02% Reduced -77.6k -77,638
39 Paulson Wealth Management Inc. 3.06% of their portfolio West Palm Beach, FL 141,916141.9k $10.9m $10.9m 3.06% Added +3.7k +3,657
40 B. Riley Wealth Advisors, Inc. 0.32% of their portfolio MEMPHIS, TN 136,654136.7k $10.5m $10.5m 0.32% Added +1.2k +1,161
41 HUNTINGTON NATIONAL BANK 0.07% of their portfolio COLUMBUS, OH 126,230126.2k $9.7m $9.7m 0.07% Reduced -22.9k -22,862
42 OPPENHEIMER & CO INC 0.15% of their portfolio NEW YORK, NY 125,586125.6k $9.6m $9.6m 0.15% Added +8.1k +8,064
43 FSC Wealth Advisors, LLC 6.19% of their portfolio WAPPINGERS FALLS, NY 123,101123.1k $9.4m $9.4m 6.19% Reduced -2.4k -2,395
44 AMG National Trust Bank 0.26% of their portfolio GREENWOOD VILLAGE, CO 123,072123.1k $9.4m $9.4m 0.26% Reduced -304 -304
45 Estate Counselors, LLC 0.97% of their portfolio Thiensville, WI 121,562121.6k $9.3m $9.3m 0.97% Added +11.0k +10,990
46 Financial & Tax Architects, LLC 2.32% of their portfolio ST LOUIS, MO 120,671120.7k $9.2m $9.2m 2.32% Added +3.3k +3,328
47 Atria Wealth Solutions, Inc. 0.11% of their portfolio NEW YORK, NY 119,261119.3k $9.1m $9.1m 0.11% Reduced -25.5k -25,545
48 Modera Wealth Management, LLC 0.12% of their portfolio WESTWOOD, NJ 117,854117.9k $9.0m $9.0m 0.12% Added +5.6k +5,607
49 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 112,000112.0k $8.6m $8.6m 0.01% Reduced -58.8k -58,800
50 Kingsview Wealth Management, LLC 0.16% of their portfolio GRANTS PASS, OR 111,303111.3k $8.5m $8.5m 0.16% Added +13.6k +13,562
51 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 109,987110.0k $8.4m $8.4m 0.01% Reduced -1.5k -1,533
52 NTV Asset Management LLC 1.12% of their portfolio Charleston, WV 109,503109.5k $8.4m $8.4m 1.12% Reduced -3.0k -2,990
53 McAdam, LLC 0.51% of their portfolio Philadelphia, PA 106,988107.0k $8.2m $8.2m 0.51% Reduced -2.8k -2,752
54 NOMURA ASSET MANAGEMENT CO LTD 0.02% of their portfolio TOKYO, M0 105,677105.7k $8.1m $8.1m 0.02% Reduced -113.2k -113,210
55 Geneos Wealth Management Inc. 0.12% of their portfolio ENGLEWOOD, CO 105,490105.5k $8.1m $8.1m 0.12% Added +56.8k +56,849
56 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 104,643104.6k $8.0m $8.0m 0.00% Reduced -58.1k -58,066
57 Lifestyle Asset Management, Inc. 4.35% of their portfolio FRIENDSWOOD, TX 103,229103.2k $7.9m $7.9m 4.35% Added +2.3k +2,289
58 Anderson Financial Strategies, LLC 4.81% of their portfolio DAYTON, OH 102,681102.7k $7.9m $7.9m 4.81% Added +1.7k +1,717
59 MML INVESTORS SERVICES, LLC 0.03% of their portfolio SPRINGFIELD, MA 98,93398.9k $7.6m $7.6m 0.03% Reduced -90.5k -90,548
60 Windsor Capital Management, LLC 2.27% of their portfolio Phoenix, AZ 96,63896.6k $7.4m $7.4m 2.27% Reduced -3.0k -2,967
61 STEPHENS INC /AR/ 0.11% of their portfolio LITTLE ROCK, AR 95,69395.7k $7.3m $7.3m 0.11% Reduced -9.7k -9,746
62 Petix & Botte Co 1.92% of their portfolio LA MESA, CA 95,31895.3k $7.3m $7.3m 1.92% Reduced -10.8k -10,771
63 Envestnet Portfolio Solutions, Inc. 0.03% of their portfolio BERWYN, PA 92,12392.1k $7.1m $7.1m 0.03% Added +5.4k +5,409
64 Steward Partners Investment Advisory, LLC 0.06% of their portfolio STAMFORD, CT 91,02391.0k $7.0m $7.0m 0.06% Reduced -7.5k -7,523
65 BLUEFIN CAPITAL MANAGEMENT, LLC 5.25% of their portfolio NEW YORK, NY 85,33585.3k $6.5m $6.5m 5.25% First filing
66 William Mack & Associates, Inc. 5.40% of their portfolio TROY, MI 82,31782.3k $6.3m $6.3m 5.40% Added +7.4k +7,430
67 Finward Bancorp 5.06% of their portfolio Munster, IN 76,16276.2k $5.8m $5.8m 5.06% Reduced -466 -466
68 PRUDENTIAL FINANCIAL INC 0.01% of their portfolio NEWARK, NJ 75,53775.5k $5.8m $5.8m 0.01% Added +1.3k +1,315
69 Baron Financial Group, LLC 3.60% of their portfolio Fair Lawn, NJ 74,77374.8k $5.7m $5.7m 3.60% Reduced -1.1k -1,127
70 Arkos Global Advisors 0.83% of their portfolio HOUSTON, TX 73,67773.7k $5.6m $5.6m 0.83% Added +2.8k +2,787
71 Allworth Financial LP 0.03% of their portfolio FOLSOM, CA 69,56369.6k $5.3m $5.3m 0.03% Reduced -10.7k -10,687
72 Ameritas Advisory Services, LLC 0.21% of their portfolio Lincoln, NE 69,41769.4k $5.3m $5.3m 0.21% Added +2.1k +2,145
73 Private Advisor Group, LLC 0.03% of their portfolio MORRISTOWN, NJ 68,57668.6k $5.3m $5.3m 0.03% Reduced -8.7k -8,719
74 Hilltop Holdings Inc. 0.32% of their portfolio DALLAS, TX 66,15466.2k $5.1m $5.1m 0.32% Reduced -1.1k -1,110
75 Riggs Asset Managment Co. Inc. 1.27% of their portfolio DALLAS, PA 58,23558.2k $4.5m $4.5m 1.27% Reduced -604 -604
76 Mirae Asset Global Investments Co., Ltd. 0.02% of their portfolio SEOUL, M5 57,02057.0k $4.4m $4.4m 0.02% Reduced -1.3k -1,272
77 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 56,71856.7k $4.3m $4.3m 0.00% New
78 David J Yvars Group 3.40% of their portfolio UNIVERSITY PARK, FL 56,36056.4k $4.3m $4.3m 3.40% Reduced -372 -372
79 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 55,95056.0k $4.3m $4.3m 0.01% Added +1 +1
80 Sterling Investment Advisors, Ltd. 1.01% of their portfolio BERWYN, PA 54,95655.0k $4.2m $4.2m 1.01% Added +715 +715
81 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 52,07552.1k $4.0m $4.0m 0.01% Added +1.2k +1,192
82 Sage Capital Management, LLC 2.15% of their portfolio Stockton, NJ 51,59651.6k $4.0m $4.0m 2.15% Added +115 +115
83 BARINGS LLC 0.09% of their portfolio CHARLOTTE, NC 47,19647.2k $3.6m $3.6m 0.09% New
84 Optivise Advisory Services LLC 2.03% of their portfolio FRANKLIN, TN 47,16847.2k $3.6m $3.6m 2.03% Reduced -26.0k -26,044
85 Chicago Partners Investment Group LLC 0.12% of their portfolio CHICAGO, IL 46,59246.6k $3.6m $3.6m 0.12% Reduced -301 -301
86 WESBANCO BANK INC 0.12% of their portfolio WHEELING, WV 46,55646.6k $3.6m $3.6m 0.12% Added +125 +125
87 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 44,78844.8k $3.4m $3.4m 0.00% Added +2.0k +1,987
88 Jefferies Financial Group Inc. 0.06% of their portfolio NEW YORK, NY 42,98243.0k $3.3m $3.3m 0.06% Unchanged
89 Prospera Financial Services Inc 0.08% of their portfolio Dallas, TX 42,97243.0k $3.3m $3.3m 0.08% Reduced -25.9k -25,912
90 CIM, LLC 0.49% of their portfolio ALBANY, NY 42,91842.9k $3.3m $3.3m 0.49% Added +423 +423
91 NorthCoast Asset Management LLC 0.02% of their portfolio STAMFORD, CT 39,92539.9k $3.1m $3.1m 0.02% Reduced -5.8k -5,813
92 TFG Advisers LLC 1.10% of their portfolio Auburn Hills, MI 39,41439.4k $3.0m $3.0m 1.10% Reduced -1.7k -1,681
93 Thrivent Financial for Lutherans 0.01% of their portfolio Minneapolis, MN 38,76238.8k $3.1m $3.1m 0.01% Unchanged
94 Atria Investments, Inc 0.04% of their portfolio Charlotte, NC 38,15338.2k $2.9m $2.9m 0.04% Reduced -37.5k -37,456
95 HMS Capital Management, LLC 1.46% of their portfolio NASHVILLE, TN 36,36736.4k $2.6m $2.6m 1.46% New
96 Mount Lucas Management LP 1.24% of their portfolio Newtown, PA 34,52934.5k $2.6m $2.6m 1.24% Added +627 +627
97 Waverly Advisors, LLC 0.03% of their portfolio BIRMINGHAM, AL 34,28534.3k $2.6m $2.6m 0.03% Reduced -393 -393
98 Simplicity Wealth,LLC 0.20% of their portfolio SUMMIT, NJ 33,42033.4k $2.6m $2.6m 0.20% New
99 BLAIR WILLIAM & CO/IL 0.01% of their portfolio CHICAGO, IL 33,28833.3k $2.6m $2.6m 0.01% Added +411 +411
100 Focus Financial Network, Inc. 0.10% of their portfolio MINNEAPOLIS, MN 33,15333.2k $2.5m $2.5m 0.10% Added +38 +38