Vault-13

SPDR SER TR SPIB

PORTFOLIO INTRMD · ETP · CUSIP 78464A375

563 institutional holders -2 vs Q2 2025
266,346,892266.3m shares reported held*
$9.0bnreported value*
50 new 262 added 171 reduced 47 sold out net bought ≈ $582.5m (+17.3m 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 ($5.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $33.92. Options: 1 managers hold calls ($3.3m notional), 1 hold puts ($36.4m).

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 394Q4 22: 419Q1 23: 404Q2 23: 416Q3 23: 416Q4 23: 459Q1 24: 487Q2 24: 497Q3 24: 501Q4 24: 561Q1 25: 565Q2 25: 565Q3 25: 563563Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 2022394
Q4 2022419
Q1 2023404
Q2 2023416
Q3 2023416
Q4 2023459
Q1 2024487
Q2 2024497
Q3 2024501
Q4 2024561
Q1 2025565
Q2 2025565
Q3 2025563

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q4 23: 225 bought or addedQ4 23: 184 cut or sold outQ1 24: 269 bought or addedQ1 24: 192 cut or sold outQ1 24Q2 24: 278 bought or addedQ2 24: 191 cut or sold outQ3 24: 300 bought or addedQ3 24: 165 cut or sold outQ3 24Q4 24: 334 bought or addedQ4 24: 160 cut or sold outQ1 25: 302 bought or addedQ1 25: 234 cut or sold outQ1 25Q2 25: 301 bought or addedQ2 25: 224 cut or sold outQ3 25: 312 bought or addedQ3 25: 218 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 2023225184
Q1 2024269192
Q2 2024278191
Q3 2024300165
Q4 2024334160
Q1 2025302234
Q2 2025301224
Q3 2025312218

Calls vs puts

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

CallsPuts
$0$10m$20m$30m$40mQ4 24 calls: $0Q4 24 puts: $0Q4 24P/C —Q1 25 calls: $0Q1 25 puts: $0Q1 25P/C —Q2 25 calls: $0Q2 25 puts: $0Q2 25P/C —Q3 25 calls: $3.3mQ3 25 puts: $36.4mQ3 25P/C 11.16
Numbers
QuarterCallsPutsP/C
Q4 2024$0$0—
Q1 2025$0$0—
Q2 2025$0$0—
Q3 2025$3.3m$36.4m11.16

Biggest buyers

American Family Investments, Inc. Added +4,300,000+4.3m
D. E. Shaw & Co., Inc. Added +3,287,200+3.3m
STATE STREET CORP Added +2,038,136+2.0m
LPL Financial LLC Added +1,873,661+1.9m
JPMORGAN CHASE & CO Added +1,420,327+1.4m
Your Advocates Ltd., LLP New +620,183+620.2k
Waverly Advisors, LLC Added +581,247+581.2k
MORGAN STANLEY Added +553,926+553.9k
Wealth Management Nebraska Added +517,148+517.1k
CLIFTONLARSONALLEN WEALTH ADVISORS, LLC Added +504,977+505.0k

Biggest sellers

TRUIST FINANCIAL CORP Reduced -1,772,996-1.8m
GOLDMAN SACHS GROUP INC Reduced -1,406,892-1.4m
Migdal Insurance & Financial Holdings Ltd. Reduced -845,964-846.0k
Farther Finance Advisors, LLC Reduced -625,163-625.2k
Advocacy Wealth Management, LLC Sold out -445,213-445.2k
ROYAL BANK OF CANADA Reduced -438,409-438.4k
INTEGRAL INVESTMENT ADVISORS, INC. Reduced -224,559-224.6k
NewSquare Capital LLC Sold out -210,247-210.2k
Financial Advocates Investment Management Sold out -207,863-207.9k
Freedom Investment Management, Inc. Sold out -194,884-194.9k

Biggest calls

BOOTHBAY FUND MANAGEMENT, LLC New $3.3m35.0k shares

Biggest puts

BOOTHBAY FUND MANAGEMENT, LLC New $36.4m390.7k 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, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LPL Financial LLC 0.46% of their portfolio FORT MILL, SC 46,743,27746.7m $1.6bn $1.6bn 0.46% Added +1.9m +1,873,661
2 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.16% of their portfolio SAN FRANCISCO, CA 29,575,74029.6m $1.0bn $1.0bn 0.16% Added +395.3k +395,322
3 Municipal Employees' Retirement System of Michigan 5.09% of their portfolio LANSING, MI 12,968,09613.0m $439.5m $439.5m 5.09% Unchanged
4 ENVESTNET ASSET MANAGEMENT INC 0.10% of their portfolio Berwyn, PA 10,078,36510.1m $341.6m $341.6m 0.10% Added +270.1k +270,130
5 American Family Investments, Inc. 17.06% of their portfolio MADISON, WI 9,604,0009.6m $325.5m $325.5m 17.06% Added +4.3m +4,300,000
6 Creative Planning 0.19% of their portfolio OVERLAND PARK, KS 7,360,1307.4m $249.4m $249.4m 0.19% Added +445.1k +445,082
7 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 3.22% of their portfolio MINNEAPOLIS, MN 6,017,7526.0m $203.9m $203.9m 3.22% Added +505.0k +504,977
8 D.A. DAVIDSON & CO. 1.26% of their portfolio GREAT FALLS, MT 5,798,7925.8m $196.5m $196.5m 1.26% Added +217.9k +217,852
9 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 5,295,1725.3m $179.5m $179.5m 0.01% Added +553.9k +553,926
10 AMERIPRISE FINANCIAL INC 0.04% of their portfolio MINNEAPOLIS, MN 5,289,3355.3m $179.3m $179.3m 0.04% Reduced -117.9k -117,864
11 WELLS FARGO & COMPANY/MN 0.04% of their portfolio SAN FRANCISCO, CA 5,240,7665.2m $177.6m $177.6m 0.04% Added +503.7k +503,657
12 ASSETMARK, INC 0.37% of their portfolio CONCORD, CA 5,081,5785.1m $172.2m $172.2m 0.37% Added +56.1k +56,076
13 D. E. Shaw & Co., Inc. 0.14% of their portfolio New York, NY 5,034,3005.0m $170.6m $170.6m 0.14% Added +3.3m +3,287,200
14 Wealth Management Nebraska 19.86% of their portfolio Norfolk, NE 4,915,2914.9m $166.6m $166.6m 19.86% Added +517.1k +517,148
15 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 4,727,6094.7m $160.2m $160.2m 0.01% Added +2.0m +2,038,136
16 Waverly Advisors, LLC 1.55% of their portfolio BIRMINGHAM, AL 4,596,3884.6m $155.8m $155.8m 1.55% Added +581.2k +581,247
17 RAYMOND JAMES FINANCIAL INC 0.05% of their portfolio ST. PETERSBURG, FL 4,528,0964.5m $153.5m $153.5m 0.05% Added +295.0k +295,038
18 Point72 Asset Management, L.P. 0.30% of their portfolio STAMFORD, CT 4,053,0004.1m $137.4m $137.4m 0.30% Unchanged
19 HighTower Advisors, LLC 0.12% of their portfolio CHICAGO, IL 3,055,8193.1m $103.6m $103.6m 0.12% Added +75.4k +75,371
20 CASTLEARK MANAGEMENT LLC 2.39% of their portfolio CHICAGO, IL 2,519,3702.5m $85.4m $85.4m 2.39% Unchanged
21 OSAIC HOLDINGS, INC. 0.11% of their portfolio SCOTTSDALE, AZ 2,286,2622.3m $77.3m $77.3m 0.11% Added +75.5k +75,501
22 McMill Wealth Management 17.78% of their portfolio NORFOLK, NE 1,840,9371.8m $62.4m $62.4m 17.78% Added +153.8k +153,780
23 CAPITAL ADVISORS INC/OK 0.99% of their portfolio TULSA, OK 1,754,5721.8m $59.5m $59.5m 0.99% Reduced -10.7k -10,652
24 Capital Analysts, LLC 1.70% of their portfolio FORT WASHINGTON, PA 1,721,7841.7m $58.4m $58.4m 1.70% Added +289.8k +289,802
25 State of New Jersey Common Pension Fund D 0.21% of their portfolio TRENTON, NJ 1,655,7661.7m $56.1m $56.1m 0.21% Unchanged
26 STEPHENS GROUP ASSET MANAGEMENT, LLC 3.74% of their portfolio LITTLE ROCK, AR 1,636,4821.6m $55.5m $55.5m 3.74% Added +117.5k +117,516
27 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,584,7881.6m $53.7m $53.7m 0.00% Added +1.4m +1,420,327
28 Dodds Wealth, LLC 13.06% of their portfolio GREENWOOD VILLAGE, CO 1,556,2481.6m $52.7m $52.7m 13.06% Added +76.3k +76,326
29 Cetera Investment Advisers 0.06% of their portfolio SCHAUMBURG, IL 1,555,4681.6m $52.7m $52.7m 0.06% Added +468.9k +468,946
30 TCV Trust & Wealth Management, Inc. 3.99% of their portfolio RICHMOND, VA 1,405,3411.4m $47.6m $47.6m 3.99% Added +82.7k +82,736
31 Zurich Insurance Group Ltd/FI 0.34% of their portfolio ZURICH, V8 1,402,9031.4m $47.5m $47.5m 0.34% Unchanged
32 UBS Group AG 0.01% of their portfolio ZURICH, V8 1,318,0571.3m $44.7m $44.7m 0.01% Added +53.2k +53,201
33 Private Advisor Group, LLC 0.22% of their portfolio MORRISTOWN, NJ 1,317,3201.3m $44.6m $44.6m 0.22% Added +42.4k +42,370
34 Orange Investment Advisors, Inc. 4.61% of their portfolio GOSHEN, NY 1,307,6741.3m $44.3m $44.3m 4.61% Added +75.9k +75,895
35 CGN Advisors LLC 3.63% of their portfolio MANHATTAN, KS 1,301,7971.3m $44.1m $44.1m 3.63% Added +150.3k +150,282
36 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,291,3641.3m $43.8m $43.8m 0.00% Added +172.8k +172,750
37 Carnegie Investment Counsel 0.71% of their portfolio PEPPER PIKE, OH 1,115,4071.1m $37.8m $37.8m 0.71% Added +28.8k +28,821
38 Compton Financial Group, LLC 7.53% of their portfolio TOWSON, MD 922,179922.2k $31.3m $31.3m 7.53% Added +27.8k +27,811
39 Strategic Financial Concepts, LLC 4.54% of their portfolio SAN ANTONIO, TX 922,179922.2k $31.3m $31.3m 4.54% Added +27.8k +27,811
40 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.05% of their portfolio PLYMOUTH, MN 916,230916.2k $31.0m $31.0m 0.05% Reduced -141.8k -141,760
41 Migdal Insurance & Financial Holdings Ltd. 0.32% of their portfolio Petach Tikva, L3 881,666881.7k $29.8m $29.8m 0.32% Reduced -846.0k -845,964
42 Rockwood Wealth Management, LLC 2.39% of their portfolio New Hope, PA 881,574881.6k $29.9m $29.9m 2.39% Added +50.3k +50,302
43 Concord Wealth Partners 4.10% of their portfolio ABINGDON, VA 876,567876.6k $29.7m $29.7m 4.10% Added +52.2k +52,163
44 ST GERMAIN D J CO INC 1.19% of their portfolio SPRINGFIELD, MA 874,440874.4k $29.6m $29.6m 1.19% Added +10.2k +10,184
45 Concord Asset Management, LLC/VA 5.37% of their portfolio ABINGDON, VA 872,611872.6k $29.6m $29.6m 5.37% Added +48.2k +48,207
46 Advisors Capital Management, LLC 0.36% of their portfolio RIDGEWOOD, NJ 860,503860.5k $29.2m $29.2m 0.36% Added +37.2k +37,239
47 Burt Wealth Advisors 7.13% of their portfolio North Bethesda, MD 856,611856.6k $29.0m $29.0m 7.13% Added +21.9k +21,938
48 Roberts Financial Services LLC 9.32% of their portfolio MARQUETTE, MI 851,876851.9k $28.9m $28.9m 9.32% Added +42.6k +42,621
49 NOTTINGHAM ADVISORS, INC. 3.84% of their portfolio AMHERST, NY 815,347815.3k $27.6m $27.6m 3.84% Added +28.4k +28,386
50 Dynamic Advisor Solutions LLC 0.78% of their portfolio PHOENIX, AZ 789,724789.7k $26.8m $26.8m 0.78% Reduced -43.3k -43,333
51 CANTOR FITZGERALD INVESTMENT ADVISORS L.P. 1.80% of their portfolio NEW YORK, NY 779,925779.9k $26.4m $26.4m 1.80% Added +6.7k +6,738
52 Occidental Asset Management, LLC 3.28% of their portfolio Burlingame, CA 772,102772.1k $26.2m $26.2m 3.28% Added +47.3k +47,254
53 RMG Wealth Management LLC 3.60% of their portfolio PLATTEVILLE, WI 752,977753.0k $25.6m $25.6m 3.60% Added +46.8k +46,806
54 High Probability Advisors, LLC 3.47% of their portfolio Pittsford, NY 747,720747.7k $25.3m $25.3m 3.47% Added +69.8k +69,777
55 Willow Creek Wealth Management Inc. 1.95% of their portfolio Sebastopol, CA 699,809699.8k $23.7m $23.7m 1.95% Added +23.6k +23,595
56 Cerity Partners LLC 0.04% of their portfolio NEW YORK, NY 693,462693.5k $23.5m $23.5m 0.04% Reduced -32.7k -32,671
57 INTEGRITY ALLIANCE, LLC. 1.08% of their portfolio Urbandale, IA 675,123675.1k $22.9m $22.9m 1.08% Added +68.1k +68,085
58 Obsidian Personal Planning Solutions LLC 7.86% of their portfolio ROCKVILLE, MD 667,870667.9k $22.6m $22.6m 7.86% Added +8.1k +8,062
59 Cherry Tree Wealth Management, LLC 4.94% of their portfolio MINNETONKA, MN 664,601664.6k $22.5m $22.5m 4.94% Reduced -2.7k -2,653
60 Crews Bank & Trust 3.29% of their portfolio PORT CHARLOTTE, FL 662,460662.5k $22.5m $22.5m 3.29% Added +102.9k +102,871
61 Phoenix Financial Ltd. 0.14% of their portfolio Givatayim, L3 649,482649.5k $22.0m $22.0m 0.14% Added +352.4k +352,401
62 Your Advocates Ltd., LLP 7.04% of their portfolio HOUSTON, TX 620,183620.2k $21.0m $21.0m 7.04% New
63 GoalVest Advisory LLC 4.08% of their portfolio New York, NY 568,062568.1k $19.3m $19.3m 4.08% Added +43.1k +43,119
64 BARTLETT & CO. WEALTH MANAGEMENT LLC 0.25% of their portfolio CINCINNATI, OH 565,498565.5k $19.2m $19.2m 0.25% Added +393.9k +393,948
65 BANK OF NOVA SCOTIA 0.03% of their portfolio TORONTO, A6 561,622561.6k $19.0m $19.0m 0.03% Added +264.3k +264,312
66 Symphony Financial, Ltd. Co. 2.19% of their portfolio HOUSTON, TX 530,507530.5k $18.0m $18.0m 2.19% Added +63.6k +63,591
67 WRAPMANAGER INC 5.36% of their portfolio MILL VALLEY, CA 513,548513.5k $17.4m $17.4m 5.36% Reduced -189.4k -189,446
68 Financial Gravity Asset Management, Inc. 3.37% of their portfolio Lakeway, TX 504,008504.0k $17.1m $17.1m 3.37% First filing
69 TRUEFG, LLC 4.59% of their portfolio CEDAR PARK, TX 489,768489.8k $16.6m $16.6m 4.59% Added +24.0k +23,954
70 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 485,057485.1k $16.4m $16.4m 0.00% Reduced -438.4k -438,409
71 Clark Capital Management Group, Inc. 0.10% of their portfolio PHILADELPHIA, PA 478,594478.6k $16.2m $16.2m 0.10% Added +8.6k +8,637
72 Apella Capital, LLC 0.34% of their portfolio WEST HARTFORD, CT 449,832449.8k $15.3m $15.3m 0.34% Added +93.6k +93,619
73 Mariner, LLC 0.02% of their portfolio Overland Park, KS 436,062436.1k $14.8m $14.8m 0.02% Added +20.8k +20,786
74 LEUTHOLD GROUP, LLC 1.56% of their portfolio MINNEAPOLIS, MN 420,225420.2k $14.2m $14.2m 1.56% Added +31.7k +31,696
75 Walker Financial Services, Inc. 5.43% of their portfolio BOWLING GREEN, KY 411,771411.8k $14.0m $14.0m 5.43% Added +251.2k +251,151
76 TRUIST FINANCIAL CORP 0.02% of their portfolio CHARLOTTE, NC 409,143409.1k $13.9m $13.9m 0.02% Reduced -1.8m -1,772,996
77 Gunma Bank,Ltd. 4.24% of their portfolio GUNMA, M0 400,000400.0k $13.6m $13.6m 4.24% Added +150.0k +150,000
78 PARK AVENUE SECURITIES LLC 0.10% of their portfolio NEW YORK, NY 393,123393.1k $13.3m $13.3m 0.10% New
79 Leicht Financial Planning & Wealth Management, Inc. 5.77% of their portfolio PARSIPPANY, NJ 377,348377.3k $12.8m $12.8m 5.77% Reduced -4.0k -3,986
80 DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.14% of their portfolio CHICAGO, IL 376,265376.3k $12.8m $12.8m 0.14% Added +3.9k +3,850
81 Union Bancaire Privee, UBP SA 0.17% of their portfolio GENEVA 1, V8 363,549363.5k $12.3m $12.3m 0.17% Unchanged
82 INTEGRAL INVESTMENT ADVISORS, INC. 3.28% of their portfolio TURLOCK, CA 359,496359.5k $12.2m $12.2m 3.28% Reduced -224.6k -224,559
83 CWM, LLC 0.04% of their portfolio OMAHA, NE 356,329356.3k $12.1m $12.1m 0.04% Reduced -50.9k -50,943
84 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 344,059344.1k $11.7m $11.7m 0.01% Added +6.5k +6,542
85 Janney Montgomery Scott LLC 0.03% of their portfolio PHILADELPHIA, PA 341,059341.1k $11.6m $11.6m 0.03% Added +17.1k +17,126
86 MML INVESTORS SERVICES, LLC 0.03% of their portfolio SPRINGFIELD, MA 340,337340.3k $11.5m $11.5m 0.03% Added +7.5k +7,536
87 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 337,223337.2k $11.4m $11.4m 0.01% New
88 Cornerstone Wealth Management, LLC 0.63% of their portfolio ST. PETERS, MO 334,319334.3k $11.3m $11.3m 0.63% Added +18.1k +18,148
89 Orion Porfolio Solutions, LLC 0.08% of their portfolio OMAHA, NE 308,722308.7k $10.5m $10.5m 0.08% Added +7.7k +7,712
90 Shilanski & Associates, Inc. 2.76% of their portfolio ANCHORAGE, AK 306,815306.8k $10.4m $10.4m 2.76% Added +16.2k +16,197
91 Summit Financial, LLC 0.16% of their portfolio PARSIPPANY, NJ 303,487303.5k $10.3m $10.3m 0.16% Added +38.6k +38,557
92 BANK HAPOALIM BM 1.25% of their portfolio TEL AVIV, L3 299,728299.7k $10.2m $10.2m 1.25% Added +25.1k +25,102
93 MISSION WEALTH MANAGEMENT, LP 0.20% of their portfolio Santa Barbara, CA 291,946291.9k $9.9m $9.9m 0.20% Reduced -63.3k -63,270
94 PRINCIPAL SECURITIES, INC. 0.16% of their portfolio DES MOINES, IA 289,452289.5k $9.8m $9.8m 0.16% Added +46.2k +46,202
95 APPLETON PARTNERS INC/MA 0.65% of their portfolio BOSTON, MA 287,831287.8k $9.8m $9.8m 0.65% Added +6.6k +6,631
96 Envestnet Portfolio Solutions, Inc. 0.04% of their portfolio BERWYN, PA 286,428286.4k $9.7m $9.7m 0.04% Reduced -77.4k -77,383
97 Collier Financial 7.19% of their portfolio DENVER, CO 282,239282.2k $9.6m $9.6m 7.19% First filing
98 FLAGSHIP HARBOR ADVISORS, LLC 0.41% of their portfolio BOSTON, MA 281,230281.2k $9.5m $9.5m 0.41% Added +4.9k +4,931
99 SHEETS SMITH WEALTH MANAGEMENT 1.08% of their portfolio WINSTON-SALEM, NC 280,723280.7k $9.5m $9.5m 1.08% Added +34.5k +34,539
100 Pinion Investment Advisors, LLC 2.60% of their portfolio WICHITA, KS 279,992280.0k $9.5m $9.5m 2.60% Added +15.1k +15,144