Vault-13

SPDR SER TR SPIB

PORTFOLIO INTRMD · ETP · CUSIP 78464A375

577 institutional holders +14 vs Q3 2025
266,713,959266.7m shares reported held*
$9.0bnreported value*
42 new 278 added 146 reduced 52 sold out net bought ≈ $29.5m (+722.0k 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 ($5.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $33.86. Options: 1 managers hold calls ($621.7k notional), 1 hold puts ($12.1m).

Trends to Q4 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: 563Q4 25: 577577Q3 22Q2 23Q1 24Q4 24Q4 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
Q4 2025577

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q1 24: 269 bought or addedQ1 24: 192 cut or sold outQ2 24: 278 bought or addedQ2 24: 191 cut or sold outQ2 24Q3 24: 300 bought or addedQ3 24: 165 cut or sold outQ4 24: 334 bought or addedQ4 24: 160 cut or sold outQ4 24Q1 25: 302 bought or addedQ1 25: 234 cut or sold outQ2 25: 301 bought or addedQ2 25: 224 cut or sold outQ2 25Q3 25: 312 bought or addedQ3 25: 218 cut or sold outQ4 25: 320 bought or addedQ4 25: 198 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024269192
Q2 2024278191
Q3 2024300165
Q4 2024334160
Q1 2025302234
Q2 2025301224
Q3 2025312218
Q4 2025320198

Calls vs puts

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

CallsPuts
$0$10m$20m$30m$40mQ1 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 11.16Q4 25 calls: $621.7kQ4 25 puts: $12.1mQ4 25P/C 19.42
Numbers
QuarterCallsPutsP/C
Q1 2025$0$0—
Q2 2025$0$0—
Q3 2025$3.3m$36.4m11.16
Q4 2025$621.7k$12.1m19.42

Biggest buyers

LPL Financial LLC Added +2,313,152+2.3m
ROYAL BANK OF CANADA Added +1,218,277+1.2m
ENVESTNET ASSET MANAGEMENT INC Added +816,754+816.8k
Creative Planning Added +698,006+698.0k
Merit Financial Group, LLC Added +691,052+691.1k
MORGAN STANLEY Added +624,256+624.3k
Capitolis Liquid Global Markets LLC New +609,300+609.3k
KWB Wealth New +581,197+581.2k
CLIFTONLARSONALLEN WEALTH ADVISORS, LLC Added +495,900+495.9k
Wealth Management Nebraska Added +486,703+486.7k

Biggest sellers

D. E. Shaw & Co., Inc. Sold out -5,034,300-5.0m
STATE STREET CORP Reduced -2,077,970-2.1m
JPMORGAN CHASE & CO Reduced -1,475,548-1.5m
Municipal Employees' Retirement System of Michigan Reduced -1,263,328-1.3m
Strategic Financial Concepts, LLC Sold out -922,179-922.2k
American Family Investments, Inc. Reduced -909,000-909.0k
RMG Wealth Management LLC Sold out -752,977-753.0k
Point72 Asset Management, L.P. Reduced -573,000-573.0k
DUFF & PHELPS INVESTMENT MANAGEMENT CO Sold out -376,265-376.3k
Phoenix Financial Ltd. Reduced -340,281-340.3k

Biggest calls

BOOTHBAY FUND MANAGEMENT, LLC Reduced $621.7k6.0k shares

Biggest puts

BOOTHBAY FUND MANAGEMENT, LLC Reduced $12.1m116.5k 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 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LPL Financial LLC 0.45% of their portfolio FORT MILL, SC 49,056,42949.1m $1.7bn $1.7bn 0.45% Added +2.3m +2,313,152
2 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.16% of their portfolio SAN FRANCISCO, CA 29,907,17329.9m $1.0bn $1.0bn 0.16% Added +331.4k +331,433
3 Municipal Employees' Retirement System of Michigan 4.48% of their portfolio LANSING, MI 11,704,76811.7m $395.7m $395.7m 4.48% Reduced -1.3m -1,263,328
4 ENVESTNET ASSET MANAGEMENT INC 0.11% of their portfolio Berwyn, PA 10,895,11910.9m $368.4m $368.4m 0.11% Added +816.8k +816,754
5 American Family Investments, Inc. 10.58% of their portfolio MADISON, WI 8,695,0008.7m $294.0m $294.0m 10.58% Reduced -909.0k -909,000
6 Creative Planning 0.20% of their portfolio OVERLAND PARK, KS 8,058,1368.1m $272.4m $272.4m 0.20% Added +698.0k +698,006
7 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 3.33% of their portfolio MINNEAPOLIS, MN 6,513,6526.5m $220.2m $220.2m 3.33% Added +495.9k +495,900
8 D.A. DAVIDSON & CO. 1.26% of their portfolio GREAT FALLS, MT 6,069,4886.1m $205.2m $205.2m 1.26% Added +270.7k +270,696
9 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 5,919,4285.9m $200.1m $200.1m 0.01% Added +624.3k +624,256
10 AMERIPRISE FINANCIAL INC 0.04% of their portfolio MINNEAPOLIS, MN 5,729,2285.7m $193.7m $193.7m 0.04% Added +439.9k +439,893
11 WELLS FARGO & COMPANY/MN 0.04% of their portfolio SAN FRANCISCO, CA 5,489,9685.5m $185.6m $185.6m 0.04% Added +249.2k +249,202
12 Wealth Management Nebraska 20.88% of their portfolio Norfolk, NE 5,401,9945.4m $182.6m $182.6m 20.88% Added +486.7k +486,703
13 ASSETMARK, INC 0.36% of their portfolio CONCORD, CA 5,181,1975.2m $175.2m $175.2m 0.36% Added +99.6k +99,619
14 Waverly Advisors, LLC 1.39% of their portfolio BIRMINGHAM, AL 5,080,4215.1m $171.8m $171.8m 1.39% Added +484.0k +484,033
15 RAYMOND JAMES FINANCIAL INC 0.05% of their portfolio ST. PETERSBURG, FL 5,002,1205.0m $169.1m $169.1m 0.05% Added +474.0k +474,024
16 Point72 Asset Management, L.P. 0.18% of their portfolio STAMFORD, CT 3,480,0003.5m $117.7m $117.7m 0.18% Reduced -573.0k -573,000
17 HighTower Advisors, LLC 0.12% of their portfolio CHICAGO, IL 3,260,7683.3m $110.2m $110.2m 0.12% Added +204.9k +204,949
18 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 2,649,6392.6m $89.6m $89.6m 0.00% Reduced -2.1m -2,077,970
19 CASTLEARK MANAGEMENT LLC 2.50% of their portfolio CHICAGO, IL 2,519,3702.5m $85.2m $85.2m 2.50% Unchanged
20 OSAIC HOLDINGS, INC. 0.11% of their portfolio SCOTTSDALE, AZ 2,180,7632.2m $73.7m $73.7m 0.11% Reduced -105.5k -105,499
21 McMill Wealth Management 18.77% of their portfolio NORFOLK, NE 1,974,9882.0m $66.8m $66.8m 18.77% Added +134.1k +134,051
22 Cetera Investment Advisers 0.07% of their portfolio SCHAUMBURG, IL 1,845,4011.8m $62.4m $62.4m 0.07% Added +289.9k +289,933
23 CAPITAL ADVISORS INC/OK 0.95% of their portfolio TULSA, OK 1,746,0391.7m $59.0m $59.0m 0.95% Reduced -8.5k -8,533
24 Capital Analysts, LLC 1.60% of their portfolio FORT WASHINGTON, PA 1,713,9541.7m $57.9m $57.9m 1.60% Reduced -7.8k -7,830
25 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 1,703,3341.7m $57.6m $57.6m 0.01% Added +1.2m +1,218,277
26 State of New Jersey Common Pension Fund D 0.20% of their portfolio TRENTON, NJ 1,655,7661.7m $56.0m $56.0m 0.20% Unchanged
27 STEPHENS GROUP ASSET MANAGEMENT, LLC 3.71% of their portfolio LITTLE ROCK, AR 1,643,6111.6m $55.6m $55.6m 3.71% Added +7.1k +7,129
28 Dodds Wealth, LLC 13.18% of their portfolio GREENWOOD VILLAGE, CO 1,589,6581.6m $53.7m $53.7m 13.18% Added +33.4k +33,410
29 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,538,9121.5m $52.0m $52.0m 0.00% Added +247.5k +247,548
30 TCV Trust & Wealth Management, Inc. 4.10% of their portfolio RICHMOND, VA 1,501,0701.5m $50.8m $50.8m 4.10% Added +95.7k +95,729
31 Private Advisor Group, LLC 0.23% of their portfolio MORRISTOWN, NJ 1,414,7511.4m $47.8m $47.8m 0.23% Added +97.4k +97,431
32 Zurich Insurance Group Ltd/FI 0.33% of their portfolio ZURICH, V8 1,402,9031.4m $47.4m $47.4m 0.33% Unchanged
33 CGN Advisors LLC 3.72% of their portfolio MANHATTAN, KS 1,387,3561.4m $46.9m $46.9m 3.72% Added +85.6k +85,559
34 UBS Group AG 0.01% of their portfolio ZURICH, V8 1,334,0271.3m $45.1m $45.1m 0.01% Added +16.0k +15,970
35 Orange Investment Advisors, Inc. 4.80% of their portfolio GOSHEN, NY 1,283,6871.3m $43.4m $43.4m 4.80% Reduced -24.0k -23,987
36 Carnegie Investment Counsel 0.70% of their portfolio PEPPER PIKE, OH 1,123,1421.1m $38.0m $38.0m 0.70% Added +7.7k +7,735
37 Compton Financial Group, LLC 7.78% of their portfolio TOWSON, MD 1,016,1601.0m $34.4m $34.4m 7.78% Added +94.0k +93,981
38 Advisors Capital Management, LLC 0.39% of their portfolio RIDGEWOOD, NJ 987,670987.7k $33.4m $33.4m 0.39% Added +127.2k +127,167
39 Migdal Insurance & Financial Holdings Ltd. 0.28% of their portfolio Petach Tikva, L3 953,744953.7k $32.2m $32.2m 0.28% Added +72.1k +72,078
40 Rockwood Wealth Management, LLC 2.37% of their portfolio New Hope, PA 941,586941.6k $31.8m $31.8m 2.37% Added +60.0k +60,012
41 Concord Wealth Partners 4.01% of their portfolio ABINGDON, VA 913,722913.7k $30.9m $30.9m 4.01% Added +37.2k +37,155
42 Concord Asset Management, LLC/VA 5.30% of their portfolio ABINGDON, VA 904,674904.7k $30.6m $30.6m 5.30% Added +32.1k +32,063
43 Roberts Financial Services LLC 9.42% of their portfolio MARQUETTE, MI 887,718887.7k $30.0m $30.0m 9.42% Added +35.8k +35,842
44 ST GERMAIN D J CO INC 1.15% of their portfolio SPRINGFIELD, MA 875,911875.9k $29.6m $29.6m 1.15% Added +1.5k +1,471
45 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.04% of their portfolio PLYMOUTH, MN 867,769867.8k $29.4m $29.4m 0.04% Reduced -48.5k -48,461
46 CANTOR FITZGERALD INVESTMENT ADVISORS L.P. 2.07% of their portfolio NEW YORK, NY 827,153827.2k $28.0m $28.0m 2.07% Added +47.2k +47,228
47 Dynamic Advisor Solutions LLC 0.88% of their portfolio PHOENIX, AZ 813,747813.7k $27.5m $27.5m 0.88% Added +24.0k +24,023
48 NOTTINGHAM ADVISORS, INC. 3.78% of their portfolio AMHERST, NY 801,444801.4k $27.1m $27.1m 3.78% Reduced -13.9k -13,903
49 Occidental Asset Management, LLC 3.18% of their portfolio Burlingame, CA 782,226782.2k $26.4m $26.4m 3.18% Added +10.1k +10,124
50 High Probability Advisors, LLC 3.53% of their portfolio Pittsford, NY 782,050782.0k $26.4m $26.4m 3.53% Added +34.3k +34,330
51 Crews Bank & Trust 3.55% of their portfolio PORT CHARLOTTE, FL 733,009733.0k $24.8m $24.8m 3.55% Added +70.5k +70,549
52 Merit Financial Group, LLC 0.19% of their portfolio ALPHARETTA, GA 711,579711.6k $24.1m $24.1m 0.19% Added +691.1k +691,052
53 Cerity Partners LLC 0.04% of their portfolio NEW YORK, NY 710,924710.9k $24.0m $24.0m 0.04% Added +17.5k +17,462
54 BARTLETT & CO. WEALTH MANAGEMENT LLC 0.30% of their portfolio CINCINNATI, OH 675,373675.4k $22.8m $22.8m 0.30% Added +109.9k +109,875
55 INTEGRITY ALLIANCE, LLC. 0.83% of their portfolio Urbandale, IA 670,162670.2k $22.7m $22.7m 0.83% Reduced -5.0k -4,961
56 Clark Capital Management Group, Inc. 0.13% of their portfolio PHILADELPHIA, PA 644,559644.6k $21.8m $21.8m 0.13% Added +166.0k +165,965
57 Cherry Tree Wealth Management, LLC 4.59% of their portfolio MINNETONKA, MN 642,325642.3k $21.7m $21.7m 4.59% Reduced -22.3k -22,276
58 Your Advocates Ltd., LLP 6.91% of their portfolio HOUSTON, TX 625,977626.0k $21.2m $21.2m 6.91% Added +5.8k +5,794
59 GoalVest Advisory LLC 3.97% of their portfolio New York, NY 612,998613.0k $20.7m $20.7m 3.97% Added +44.9k +44,936
60 Capitolis Liquid Global Markets LLC 0.12% of their portfolio NEW YORK, NY 609,300609.3k $20.6m $20.6m 0.12% New
61 KWB Wealth 1.86% of their portfolio REDLANDS, CA 581,197581.2k $19.7m $19.7m 1.86% New
62 CWM, LLC 0.05% of their portfolio OMAHA, NE 564,344564.3k $19.1m $19.1m 0.05% Added +208.0k +208,015
63 Apella Capital, LLC 0.37% of their portfolio WEST HARTFORD, CT 561,093561.1k $19.0m $19.0m 0.37% Added +111.3k +111,261
64 Financial Gravity Asset Management, Inc. 3.50% of their portfolio Lakeway, TX 538,057538.1k $18.2m $18.2m 3.50% Added +34.0k +34,049
65 TRUEFG, LLC 4.62% of their portfolio CEDAR PARK, TX 509,031509.0k $17.2m $17.2m 4.62% Added +19.3k +19,263
66 Evergreen Wealth Partners LLC 14.36% of their portfolio KALISPELL, MT 504,115504.1k $17.0m $17.0m 14.36% First filing
67 WRAPMANAGER INC 5.66% of their portfolio MILL VALLEY, CA 495,364495.4k $16.7m $16.7m 5.66% Reduced -18.2k -18,184
68 BANK OF NOVA SCOTIA 0.02% of their portfolio TORONTO, A6 487,555487.6k $16.5m $16.5m 0.02% Reduced -74.1k -74,067
69 Mariner, LLC 0.02% of their portfolio Overland Park, KS 463,341463.3k $15.7m $15.7m 0.02% Added +27.3k +27,279
70 Symphony Financial, Ltd. Co. 2.05% of their portfolio HOUSTON, TX 451,157451.2k $15.3m $15.3m 2.05% Reduced -79.3k -79,350
71 TRUIST FINANCIAL CORP 0.02% of their portfolio CHARLOTTE, NC 449,589449.6k $15.2m $15.2m 0.02% Added +40.4k +40,446
72 Walker Financial Services, Inc. 5.32% of their portfolio BOWLING GREEN, KY 434,353434.4k $14.7m $14.7m 5.32% Added +22.6k +22,582
73 LEUTHOLD GROUP, LLC 1.53% of their portfolio MINNEAPOLIS, MN 420,225420.2k $14.2m $14.2m 1.53% Unchanged
74 PARK AVENUE SECURITIES LLC 0.12% of their portfolio NEW YORK, NY 411,793411.8k $13.9m $13.9m 0.12% Added +18.7k +18,670
75 Leicht Financial Planning & Wealth Management, Inc. 6.18% of their portfolio PARSIPPANY, NJ 408,610408.6k $13.8m $13.8m 6.18% Added +31.3k +31,262
76 PRINCIPAL SECURITIES, INC. 0.21% of their portfolio DES MOINES, IA 394,576394.6k $13.3m $13.3m 0.21% Added +105.1k +105,124
77 Cornerstone Wealth Management, LLC 0.69% of their portfolio ST. PETERS, MO 390,584390.6k $13.2m $13.2m 0.69% Added +56.3k +56,265
78 MML INVESTORS SERVICES, LLC 0.03% of their portfolio SPRINGFIELD, MA 381,755381.8k $12.9m $12.9m 0.03% Added +41.4k +41,418
79 TrueWealth Financial Partners 10.63% of their portfolio BELLEVUE, WA 380,535380.5k $12.9m $12.9m 10.63% New
80 True Blue Financial, LLC 10.62% of their portfolio STEVENSVILLE, MI 380,535380.5k $12.9m $12.9m 10.62% First filing
81 INTEGRAL INVESTMENT ADVISORS, INC. 3.13% of their portfolio TURLOCK, CA 373,919373.9k $12.6m $12.6m 3.13% Added +14.4k +14,423
82 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 371,616371.6k $12.6m $12.6m 0.00% Added +269.4k +269,410
83 Union Bancaire Privee, UBP SA 0.15% of their portfolio GENEVA 1, V8 367,836367.8k $12.5m $12.5m 0.15% Added +4.3k +4,287
84 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 365,697365.7k $12.4m $12.4m 0.01% Added +21.6k +21,638
85 Three Arch Wealth Management LLC 2.29% of their portfolio IRVINE, CA 361,607361.6k $12.2m $12.2m 2.29% First filing
86 BANK HAPOALIM BM 1.04% of their portfolio TEL AVIV, L3 355,484355.5k $12.0m $12.0m 1.04% Added +55.8k +55,756
87 Janney Montgomery Scott LLC 0.03% of their portfolio PHILADELPHIA, PA 346,907346.9k $11.7m $11.7m 0.03% Added +5.8k +5,848
88 Fortune 45 LLC 5.47% of their portfolio Gonzales, LA 338,132338.1k $11.4m $11.4m 5.47% Added +61.7k +61,699
89 Summit Financial, LLC 0.16% of their portfolio PARSIPPANY, NJ 320,323320.3k $10.8m $10.8m 0.16% Added +16.8k +16,836
90 Orion Porfolio Solutions, LLC 0.08% of their portfolio OMAHA, NE 314,973315.0k $10.6m $10.6m 0.08% Added +6.3k +6,251
91 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 310,926310.9k $10.5m $10.5m 0.01% Added +42.8k +42,832
92 Phoenix Financial Ltd. 0.11% of their portfolio Givatayim, L3 309,201309.2k $10.4m $10.4m 0.11% Reduced -340.3k -340,281
93 APPLETON PARTNERS INC/MA 0.68% of their portfolio BOSTON, MA 305,676305.7k $10.3m $10.3m 0.68% Added +17.8k +17,845
94 Pinion Investment Advisors, LLC 2.51% of their portfolio WICHITA, KS 303,842303.8k $10.3m $10.3m 2.51% Added +23.9k +23,850
95 Collier Financial 7.66% of their portfolio DENVER, CO 301,752301.8k $10.2m $10.2m 7.66% Added +19.5k +19,513
96 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 301,641301.6k $10.2m $10.2m 0.01% Reduced -35.6k -35,582
97 FLAGSHIP HARBOR ADVISORS, LLC 0.48% of their portfolio BOSTON, MA 300,314300.3k $10.2m $10.2m 0.48% Added +19.1k +19,084
98 Auour Investments LLC 3.13% of their portfolio WOBURN, MA 290,867290.9k $9.8m $9.8m 3.13% Added +19.3k +19,332
99 Empowered Funds, LLC 0.17% of their portfolio NEWTOWN SQUARE, PA 290,508290.5k $9.8m $9.8m 0.17% Added +40.5k +40,536
100 ALPS ADVISORS INC 0.06% of their portfolio Denver, CO 288,610288.6k $9.8m $9.8m 0.06% Added +11.8k +11,815