Vault-13

SPDR SER TR CWB

BBG CONV SEC ETF · ETP · CUSIP 78464A359

565 institutional holders +32 vs Q1 2026
34,037,52234.0m shares reported held*
$3.7bnreported value*
72 new 173 added 196 reduced 40 sold out net bought ≈ $714.0m (+6.7m 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 ($13.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $107.98. Options: 2 managers hold calls ($593.0k notional), 6 hold puts ($30.1m).

Trends to Q2 2026

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: 470Q2 25: 473Q3 25: 491Q4 25: 512Q1 26: 533Q2 26: 565565Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 2022458
Q4 2022474
Q1 2023442
Q2 2023478
Q3 2023466
Q4 2023462
Q1 2024468
Q2 2024443
Q3 2024461
Q4 2024523
Q1 2025470
Q2 2025473
Q3 2025491
Q4 2025512
Q1 2026533
Q2 2026565

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q3 24: 174 bought or addedQ3 24: 210 cut or sold outQ4 24: 217 bought or addedQ4 24: 180 cut or sold outQ4 24Q1 25: 172 bought or addedQ1 25: 261 cut or sold outQ2 25: 167 bought or addedQ2 25: 223 cut or sold outQ2 25Q3 25: 210 bought or addedQ3 25: 196 cut or sold outQ4 25: 193 bought or addedQ4 25: 198 cut or sold outQ4 25Q1 26: 210 bought or addedQ1 26: 239 cut or sold outQ2 26: 245 bought or addedQ2 26: 236 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 2024174210
Q4 2024217180
Q1 2025172261
Q2 2025167223
Q3 2025210196
Q4 2025193198
Q1 2026210239
Q2 2026245236

Calls vs puts

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

CallsPuts
$0$10m$20m$30m$40mQ3 25 calls: $814.5kQ3 25 puts: $6.1mQ3 25P/C 7.54Q4 25 calls: $365.7kQ4 25 puts: $1.3mQ4 25P/C 3.66Q1 26 calls: $338.6kQ1 26 puts: $2.9mQ1 26P/C 8.62Q2 26 calls: $593.0kQ2 26 puts: $30.1mQ2 26P/C 50.69
Numbers
QuarterCallsPutsP/C
Q3 2025$814.5k$6.1m7.54
Q4 2025$365.7k$1.3m3.66
Q1 2026$338.6k$2.9m8.62
Q2 2026$593.0k$30.1m50.69

Biggest buyers

Howard Capital Management, LLC Added +1,987,136+2.0m
ENVESTNET ASSET MANAGEMENT INC Added +1,555,591+1.6m
Cetera Investment Advisers Added +1,152,743+1.2m
LPL Financial LLC Added +378,073+378.1k
Cambridge Investment Research Advisors, Inc. Added +306,357+306.4k
Horizon Investments, LLC New +272,048+272.0k
POTOMAC FUND MANAGEMENT INC /ADV New +257,100+257.1k
FIL Ltd Added +212,639+212.6k
Wealth Watch Advisors, INC New +206,138+206.1k
Orion Porfolio Solutions, LLC Added +165,167+165.2k

Biggest sellers

JANE STREET GROUP, LLC Sold out -451,825-451.8k
GOLDMAN SACHS GROUP INC Reduced -200,102-200.1k
MORGAN STANLEY Reduced -114,398-114.4k
ASSETMARK, INC Reduced -99,952-100.0k
McAdam, LLC Reduced -96,765-96.8k
BLUEFIN CAPITAL MANAGEMENT, LLC Reduced -82,874-82.9k
BANK OF AMERICA CORP /DE/ Reduced -65,937-65.9k
Spectrum Wealth Advisory Group, LLC Reduced -57,050-57.0k
EXCHANGE TRADED CONCEPTS, LLC Sold out -42,475-42.5k
Ocean Park Asset Management, LLC Sold out -42,475-42.5k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $582.2k5.4k shares
Belvedere Trading LLC New $10.8k100 shares

Biggest puts

Jefferies Financial Group Inc. New $21.6m200.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $2.9m26.8k shares
CITADEL ADVISORS LLC Added $2.8m26.1k shares
JANE STREET GROUP, LLC Added $1.6m14.5k shares
K2 PRINCIPAL FUND, L.P. New $690.0k6.4k shares
Belvedere Trading LLC New $539.1k5.0k 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, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 2,588,0772.6m $279.0m $279.0m 0.02% Reduced -65.9k -65,937
2 ENVESTNET ASSET MANAGEMENT INC 0.05% of their portfolio Berwyn, PA 2,004,9502.0m $216.2m $216.2m 0.05% Added +1.6m +1,555,591
3 Howard Capital Management, LLC 2.56% of their portfolio Alpharetta, GA 1,993,0962.0m $214.9m $214.9m 2.56% Added +2.0m +1,987,136
4 LPL Financial LLC 0.04% of their portfolio FORT MILL, SC 1,628,2531.6m $175.6m $175.6m 0.04% Added +378.1k +378,073
5 WELLS FARGO & COMPANY/MN 0.03% of their portfolio SAN FRANCISCO, CA 1,524,2391.5m $164.3m $164.3m 0.03% Added +30.7k +30,659
6 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 1,496,9471.5m $161.4m $161.4m 0.01% Reduced -114.4k -114,398
7 Cetera Investment Advisers 0.13% of their portfolio SCHAUMBURG, IL 1,274,1551.3m $137.4m $137.4m 0.13% Added +1.2m +1,152,743
8 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.07% of their portfolio MILWAUKEE, WI 1,231,8101.2m $132.8m $132.8m 0.07% Added +108.0k +107,969
9 BESSEMER GROUP INC 0.18% of their portfolio WOODBRIDGE, NJ 1,215,8791.2m $131.1m $131.1m 0.18% Unchanged
10 DELTA CAPITAL MANAGEMENT LLC 0.59% of their portfolio RED BANK, NJ 1,186,0001.2m $1.3m $1.3m 0.59% Added +100.0k +100,000
11 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 813,427813.4k $87.7m $87.7m 0.02% Reduced -27.8k -27,780
12 ASSETMARK, INC 0.14% of their portfolio CONCORD, CA 743,030743.0k $80.1m $80.1m 0.14% Reduced -100.0k -99,952
13 PNC Financial Services Group, Inc. 0.04% of their portfolio Pittsburgh, PA 736,701736.7k $79.4m $79.4m 0.04% Reduced -17.3k -17,276
14 DEUTSCHE BANK AG\ 0.02% of their portfolio FRANKFURT AM MAIN, 2M 684,479684.5k $73.8m $73.8m 0.02% Unchanged
15 Cambridge Investment Research Advisors, Inc. 0.07% of their portfolio FAIRFIELD, IA 570,734570.7k $61.5m $61.5m 0.07% Added +306.4k +306,357
16 Goodman Advisory Group, LLC 13.04% of their portfolio NEEDHAM, MA 526,030526.0k $56.7m $56.7m 13.04% Added +3.1k +3,148
17 UBS Group AG 0.01% of their portfolio ZURICH, V8 489,822489.8k $52.8m $52.8m 0.01% Added +3.1k +3,073
18 BANK OF MONTREAL /CAN/ 0.02% of their portfolio TORONTO, A6 422,729422.7k $45.6m $45.6m 0.02% Reduced -15.2k -15,151
19 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 389,739389.7k $42.0m $42.0m 0.01% Added +5.7k +5,677
20 One Wealth Map LLC 17.83% of their portfolio LAS VEGAS, NV 388,508388.5k $38.2m $38.2m 17.83% Added +17.0k +17,020
21 New York Life Investment Management LLC 0.28% of their portfolio New York, NY 365,834365.8k $39.4m $39.4m 0.28% Reduced -8.7k -8,660
22 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 354,204354.2k $38.2m $38.2m 0.01% Added +43.4k +43,426
23 Horizon Investments, LLC 0.32% of their portfolio Charlotte, NC 272,048272.0k $29.2m $29.2m 0.32% New
24 POTOMAC FUND MANAGEMENT INC /ADV 0.70% of their portfolio BETHESDA, MD 257,100257.1k $27.7m $27.7m 0.70% New
25 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 246,300246.3k $26.6m $26.6m 0.00% Reduced -200.1k -200,102
26 River Wealth Advisors LLC 2.69% of their portfolio CAMP HILL, PA 238,819238.8k $25.7m $25.7m 2.69% Added +1.7k +1,683
27 FIL Ltd 0.02% of their portfolio HAMILTON, D0 221,301221.3k $23.9m $23.9m 0.02% Added +212.6k +212,639
28 COMMONWEALTH EQUITY SERVICES, LLC 0.03% of their portfolio WALTHAM, MA 210,502210.5k $22.7m $22.7m 0.03% Reduced -3.6k -3,643
29 Wealth Watch Advisors, INC 7.23% of their portfolio ENGLEWOOD, CO 206,138206.1k $22.2m $22.2m 7.23% New
30 Estate Counselors, LLC 1.91% of their portfolio Thiensville, WI 205,995206.0k $22.2m $22.2m 1.91% Reduced -24.1k -24,149
31 ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio NASHVILLE, TN 197,512197.5k $18.1m $18.1m 0.01% Reduced -36.4k -36,396
32 STIFEL FINANCIAL CORP 0.02% of their portfolio ST. LOUIS, MO 195,723195.7k $21.1m $21.1m 0.02% Reduced -221 -221
33 DV Trading LLC 1.65% of their portfolio CHICAGO, IL 185,314185.3k $20.0m $20.0m 1.65% Added +163.0k +163,049
34 TRUIST FINANCIAL CORP 0.02% of their portfolio CHARLOTTE, NC 183,756183.8k $19.8m $19.8m 0.02% Reduced -25.7k -25,694
35 XML Financial, LLC 1.42% of their portfolio BETHESDA, MD 181,451181.5k $19.6m $19.6m 1.42% Reduced -5.1k -5,072
36 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.03% of their portfolio PLYMOUTH, MN 173,886173.9k $18.3m $18.3m 0.03% Added +17.5k +17,511
37 Advyzon Investment Management, LLC 1.33% of their portfolio LISLE, IL 170,089170.1k $18.3m $18.3m 1.33% Added +57.7k +57,720
38 Orion Porfolio Solutions, LLC 0.14% of their portfolio OMAHA, NE 167,842167.8k $18.1m $18.1m 0.14% Added +165.2k +165,167
39 Waldron Private Wealth LLC 0.62% of their portfolio BRIDGEVILLE, PA 167,023167.0k $18.0m $18.0m 0.62% Reduced -13.5k -13,534
40 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 160,012160.0k $17.3m $17.3m 0.02% Added +11.2k +11,240
41 Janney Montgomery Scott LLC 0.03% of their portfolio PHILADELPHIA, PA 158,314158.3k $17.1m $17.1m 0.03% Added +4.2k +4,150
42 GUGGENHEIM CAPITAL LLC 0.10% of their portfolio CHICAGO, IL 145,164145.2k $15.7m $15.7m 0.10% Reduced -24.3k -24,343
43 Lifestyle Asset Management, Inc. 4.00% of their portfolio FRIENDSWOOD, TX 137,965138.0k $14.9m $14.9m 4.00% New
44 AMG National Trust Bank 0.30% of their portfolio GREENWOOD VILLAGE, CO 133,948133.9k $14.4m $14.4m 0.30% Added +22 +22
45 CAPSTONE INVESTMENT ADVISORS, LLC 0.10% of their portfolio NEW YORK, NY 130,601130.6k $14.1m $14.1m 0.10% New
46 Modera Wealth Management, LLC 0.15% of their portfolio WESTWOOD, NJ 130,573130.6k $14.1m $14.1m 0.15% Reduced -816 -816
47 OPPENHEIMER & CO INC 0.15% of their portfolio NEW YORK, NY 129,764129.8k $14.0m $14.0m 0.15% Reduced -2.4k -2,353
48 Aegis Wealth Management, Inc. 8.48% of their portfolio Guthrie Center, IA 121,883121.9k $13.1m $13.1m 8.48% Added +113.0k +113,045
49 HUNTINGTON NATIONAL BANK 0.06% of their portfolio COLUMBUS, OH 121,472121.5k $13.1m $13.1m 0.06% Reduced -8.3k -8,289
50 William Mack & Associates, Inc. 4.55% of their portfolio TROY, MI 119,630119.6k $12.9m $12.9m 4.55% Added +761 +761
51 Kingsview Wealth Management, LLC 0.15% of their portfolio GRANTS PASS, OR 117,874117.9k $12.7m $12.7m 0.15% Reduced -12.6k -12,607
52 MML INVESTORS SERVICES, LLC 0.02% of their portfolio SPRINGFIELD, MA 112,862112.9k $12.2m $12.2m 0.02% Added +17.2k +17,233
53 OPPENHEIMER ASSET MANAGEMENT INC. 0.13% of their portfolio NEW YORK, NY 112,765112.8k $12.2m $12.2m 0.13% New
54 Financial & Tax Architects, LLC 2.44% of their portfolio ST LOUIS, MO 107,263107.3k $11.6m $11.6m 2.44% Added +2.2k +2,175
55 Paulson Wealth Management Inc. 2.28% of their portfolio West Palm Beach, FL 99,62999.6k $10.7m $10.7m 2.28% Reduced -703 -703
56 NTV Asset Management LLC 1.03% of their portfolio Charleston, WV 97,66397.7k $10.5m $10.5m 1.03% Added +260 +260
57 Strategic Investment Advisors / MI 0.61% of their portfolio FARMINGTON HILLS, MI 93,23593.2k $10.1m $10.1m 0.61% Reduced -12.6k -12,569
58 Anderson Financial Strategies, LLC 4.93% of their portfolio DAYTON, OH 91,41791.4k $9.5m $9.5m 4.93% Reduced -5.1k -5,059
59 Paladin Partners, LLC 6.30% of their portfolio HARTLAND, WI 88,41488.4k $9.5m $9.5m 6.30% Reduced -2.0k -1,953
60 TD Asset Management Inc 0.01% of their portfolio Toronto, A6 87,80087.8k $9.5m $9.5m 0.01% Added +60.0k +60,000
61 Steward Partners Investment Advisory, LLC 0.05% of their portfolio STAMFORD, CT 87,18387.2k $9.4m $9.4m 0.05% Reduced -4.5k -4,510
62 Advisors Preferred, LLC 1.34% of their portfolio ROCKVILLE, MD 83,10383.1k $8.7m $8.7m 1.34% Reduced -42.1k -42,129
63 Windsor Capital Management, LLC 2.26% of their portfolio Phoenix, AZ 80,79780.8k $8.7m $8.7m 2.26% Reduced -5.6k -5,641
64 NOMURA ASSET MANAGEMENT CO LTD 0.02% of their portfolio TOKYO, M0 79,48279.5k $8.6m $8.6m 0.02% Added +4.4k +4,426
65 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 76,43376.4k $8.2m $8.2m 0.00% Added +9.3k +9,283
66 NorthCoast Asset Management LLC 0.18% of their portfolio STAMFORD, CT 75,85375.9k $8.2m $8.2m 0.18% Added +1.6k +1,588
67 WIN ADVISORS, INC 2.88% of their portfolio PALM BEACH GARDENS, FL 74,91474.9k $8.1m $8.1m 2.88% Reduced -21.6k -21,625
68 PRUDENTIAL FINANCIAL INC 0.01% of their portfolio NEWARK, NJ 74,05374.1k $8.0m $8.0m 0.01% Reduced -8.8k -8,777
69 Discipline Wealth Solutions, LLC 0.68% of their portfolio GREENVILLE, SC 72,76272.8k $7.8m $7.8m 0.68% Reduced -7.0k -7,032
70 Arkos Global Advisors 0.93% of their portfolio HOUSTON, TX 72,47472.5k $7.8m $7.8m 0.93% Reduced -997 -997
71 Baron Financial Group, LLC 3.68% of their portfolio Fair Lawn, NJ 71,57671.6k $7.7m $7.7m 3.68% Reduced -810 -810
72 Ameritas Advisory Services, LLC 0.15% of their portfolio Lincoln, NE 70,63670.6k $7.6m $7.6m 0.15% Added +64.0k +63,959
73 Finward Bancorp 5.74% of their portfolio Munster, IN 70,18770.2k $7.6m $7.6m 5.74% Added +50 +50
74 US BANCORP \DE\ 0.01% of their portfolio MINNEAPOLIS, MN 69,68369.7k $7.5m $7.5m 0.01% Added +3.4k +3,383
75 J. M. Brown & Associates Inc. 4.30% of their portfolio TULSA, OK 69,62869.6k $7.5m $7.5m 4.30% First filing
76 Riggs Asset Managment Co. Inc. 1.33% of their portfolio DALLAS, PA 68,91768.9k $7.4m $7.4m 1.33% Added +849 +849
77 Petix & Botte Co 1.49% of their portfolio LA MESA, CA 68,65268.7k $7.4m $7.4m 1.49% Added +33.1k +33,107
78 SYKON CAPITAL LLC 2.27% of their portfolio HARRISON, NY 68,47468.5k $7.4m $7.4m 2.27% Added +41.9k +41,911
79 NewEdge Advisors, LLC 0.02% of their portfolio NEW ORLEANS, LA 67,35567.4k $7.3m $7.3m 0.02% Added +52.1k +52,083
80 HMS Capital Management, LLC 2.65% of their portfolio NASHVILLE, TN 65,65365.7k $7.1m $7.1m 2.65% Reduced -1.1k -1,113
81 David J Yvars Group 3.45% of their portfolio UNIVERSITY PARK, FL 65,07765.1k $7.0m $7.0m 3.45% Added +2.5k +2,506
82 Private Advisor Group, LLC 0.03% of their portfolio MORRISTOWN, NJ 62,79862.8k $6.8m $6.8m 0.03% Reduced -2.2k -2,227
83 Cooper Capital Advisors LLC 2.92% of their portfolio Encinitas, CA 62,49162.5k $6.7m $6.7m 2.92% New
84 Mirae Asset Global Investments Co., Ltd. 0.01% of their portfolio SEOUL, M5 61,92461.9k $6.7m $6.7m 0.01% Added +607 +607
85 TRUE Private Wealth Advisors 0.57% of their portfolio Salem, OR 61,30761.3k $6.6m $6.6m 0.57% Added +38.5k +38,537
86 Ausdal Financial Partners, Inc. 0.26% of their portfolio Davenport, IA 61,03261.0k $6.6m $6.6m 0.26% Added +30.0k +30,037
87 World Investment Advisors 0.10% of their portfolio LINCROFT, NJ 60,44360.4k $6.3m $6.3m 0.10% Added +44.5k +44,465
88 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 57,35357.4k $6.2m $6.2m 0.00% Reduced -8.9k -8,875
89 Indivisible Partners 0.35% of their portfolio CLEARWATER, FL 56,75256.8k $6.1m $6.1m 0.35% Added +12.7k +12,667
90 Concurrent Investment Advisors, LLC 0.05% of their portfolio Tampa, FL 56,71956.7k $6.1m $6.1m 0.05% Added +4.4k +4,357
91 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 56,26456.3k $6.1m $6.1m 0.01% Added +576 +576
92 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 55,57455.6k $6.0m $6.0m 0.00% New
93 Florin Court Capital LLP 9.58% of their portfolio London, X0 54,39554.4k $5.9m $5.9m 9.58% Added +34.2k +34,200
94 Guardian Capital, LLC 4.78% of their portfolio WEXFORD, PA 54,21254.2k $5.8m $5.8m 4.78% Added +9.5k +9,517
95 Sterling Investment Advisors, Ltd. 0.97% of their portfolio BERWYN, PA 53,98754.0k $5.8m $5.8m 0.97% Reduced -374 -374
96 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 53,23453.2k $5.7m $5.7m 0.01% Reduced -856 -856
97 Hershey Financial Advisers, LLC 4.12% of their portfolio LANCASTER, PA 53,16753.2k $5.7m $5.7m 4.12% Added +2.3k +2,283
98 Brindle & Bay Financial Advisors, LLC 2.81% of their portfolio FRISCO, TX 52,03252.0k $5.6m $5.6m 2.81% Reduced -4.6k -4,561
99 NewSquare Capital LLC 0.41% of their portfolio NEWTOWN SQUARE, PA 51,42051.4k $5.5m $5.5m 0.41% Added +213 +213
100 Elevation Capital Advisory, LLC 2.13% of their portfolio BEND, OR 51,23651.2k $5.5m $5.5m 2.13% Added +39.0k +39,045