Vault-13

SPDR SER TR SPMB

PORT MTG BK ETF · ETP · CUSIP 78464A383

228 institutional holders +3 vs Q1 2025
269,537,419269.5m shares reported held*
$6.0bnreported value*
19 new 98 added 79 reduced 19 sold out net bought ≈ $76.4m (+3.4m 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 ($5.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $22.20. Options: 1 managers hold calls ($327.1k notional), 1 hold puts ($497.2k).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 155Q4 22: 163Q1 23: 167Q2 23: 178Q3 23: 173Q4 23: 195Q1 24: 210Q2 24: 210Q3 24: 212Q4 24: 228Q1 25: 225Q2 25: 228228Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022155
Q4 2022163
Q1 2023167
Q2 2023178
Q3 2023173
Q4 2023195
Q1 2024210
Q2 2024210
Q3 2024212
Q4 2024228
Q1 2025225
Q2 2025228

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 23: 91 bought or addedQ3 23: 87 cut or sold outQ4 23: 104 bought or addedQ4 23: 88 cut or sold outQ4 23Q1 24: 127 bought or addedQ1 24: 82 cut or sold outQ2 24: 96 bought or addedQ2 24: 103 cut or sold outQ2 24Q3 24: 116 bought or addedQ3 24: 93 cut or sold outQ4 24: 127 bought or addedQ4 24: 75 cut or sold outQ4 24Q1 25: 110 bought or addedQ1 25: 113 cut or sold outQ2 25: 117 bought or addedQ2 25: 98 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20239187
Q4 202310488
Q1 202412782
Q2 202496103
Q3 202411693
Q4 202412775
Q1 2025110113
Q2 202511798

Calls vs puts

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

CallsPuts
$0$200k$400k$600k$800kQ3 24 calls: $0Q3 24 puts: $0Q3 24P/C —Q4 24 calls: $118.5kQ4 24 puts: $0Q4 24P/C 0.00Q1 25 calls: $785.0kQ1 25 puts: $78.1kQ1 25P/C 0.10Q2 25 calls: $327.1kQ2 25 puts: $497.2kQ2 25P/C 1.52
Numbers
QuarterCallsPutsP/C
Q3 2024$0$0—
Q4 2024$118.5k$00.00
Q1 2025$785.0k$78.1k0.10
Q2 2025$327.1k$497.2k1.52

Biggest buyers

Strategic Financial Concepts, LLC New +1,862,493+1.9m
STATE STREET CORP Added +1,843,991+1.8m
STIFEL FINANCIAL CORP Added +1,637,143+1.6m
BENJAMIN EDWARDS INC Added +1,238,442+1.2m
LPL Financial LLC Added +865,512+865.5k
Financial Engines Advisors L.L.C. Added +677,246+677.2k
CONFLUENCE INVESTMENT MANAGEMENT LLC Added +566,093+566.1k
CX Institutional Added +413,078+413.1k
CWM, LLC Added +348,140+348.1k
Compton Financial Group, LLC Added +241,486+241.5k

Biggest sellers

TOWNSQUARE CAPITAL LLC Reduced -5,480,319-5.5m
Prime Capital Investment Advisors, LLC Reduced -557,474-557.5k
Leslie Global Wealth, LLC Reduced -337,417-337.4k
KWB Wealth Sold out -269,723-269.7k
Private Advisor Group, LLC Reduced -215,725-215.7k
RITHOLTZ WEALTH MANAGEMENT Sold out -143,353-143.4k
EASTERN BANK Reduced -112,681-112.7k
Synergy Investment Management, LLC Sold out -104,423-104.4k
BANK OF AMERICA CORP /DE/ Reduced -100,188-100.2k
Advisor Resource Council Sold out -99,404-99.4k

Biggest calls

CITADEL ADVISORS LLC Reduced $327.1k14.8k shares

Biggest puts

CITADEL ADVISORS LLC Added $497.2k22.5k 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, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Financial Engines Advisors L.L.C. 8.13% of their portfolio SANTA CLARA, CA 184,335,955184.3m $4.1bn $4.1bn 8.13% Added +677.2k +677,246
2 LPL Financial LLC 0.12% of their portfolio FORT MILL, SC 16,282,41716.3m $359.8m $359.8m 0.12% Added +865.5k +865,512
3 STIFEL FINANCIAL CORP 0.17% of their portfolio ST. LOUIS, MO 7,797,9067.8m $172.3m $172.3m 0.17% Added +1.6m +1,637,143
4 BENJAMIN EDWARDS INC 1.75% of their portfolio Clayton, MO 6,235,4526.2m $137.8m $137.8m 1.75% Added +1.2m +1,238,442
5 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 5,858,1465.9m $129.5m $129.5m 0.00% Added +1.8m +1,843,991
6 CONFLUENCE INVESTMENT MANAGEMENT LLC 1.48% of their portfolio ST. LOUIS, MO 4,727,6164.7m $104.5m $104.5m 1.48% Added +566.1k +566,093
7 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 2,768,3582.8m $61.2m $61.2m 0.02% Added +114.1k +114,123
8 CX Institutional 1.72% of their portfolio AUBURN, IN 2,235,5492.2m $49.4m $49.4m 1.72% Added +413.1k +413,078
9 Advisory Alpha, LLC 1.44% of their portfolio HOLLAND, MI 2,086,4732.1m $46.1m $46.1m 1.44% Added +107.7k +107,653
10 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 2,071,3422.1m $45.8m $45.8m 0.00% Reduced -100.2k -100,188
11 CWM, LLC 0.16% of their portfolio OMAHA, NE 2,058,3722.1m $45.5m $45.5m 0.16% Added +348.1k +348,140
12 Compton Financial Group, LLC 10.70% of their portfolio TOWSON, MD 1,862,4931.9m $41.2m $41.2m 10.70% Added +241.5k +241,486
13 Strategic Financial Concepts, LLC 5.79% of their portfolio SAN ANTONIO, TX 1,862,4931.9m $41.2m $41.2m 5.79% New
14 ASSETMARK, INC 0.08% of their portfolio CONCORD, CA 1,564,7791.6m $34.6m $34.6m 0.08% Added +48.5k +48,546
15 Zurich Insurance Group Ltd/FI 0.25% of their portfolio ZURICH, V8 1,482,2951.5m $32.7m $32.7m 0.25% Unchanged
16 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,448,0291.4m $32.0m $32.0m 0.00% Added +15.1k +15,057
17 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,259,7291.3m $27.8m $27.8m 0.00% Added +11.9k +11,873
18 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 1,228,3161.2m $27.1m $27.1m 0.01% Added +31.9k +31,901
19 Hirtle & Co., LLC 0.98% of their portfolio WEST CONSHOHOCKEN, PA 1,168,9581.2m $25.8m $25.8m 0.98% Reduced -54.9k -54,893
20 Sanctuary Advisors, LLC 0.13% of their portfolio INDIANAPOLIS, IN 926,913926.9k $20.5m $20.5m 0.13% Added +15.7k +15,664
21 Leicht Financial Planning & Wealth Management, Inc. 9.04% of their portfolio PARSIPPANY, NJ 861,456861.5k $19.0m $19.0m 9.04% Added +74.1k +74,112
22 FINANCIAL LIFE ADVISORS 6.24% of their portfolio SAN ANTONIO, TX 825,673825.7k $18.2m $18.2m 6.24% Added +42.1k +42,122
23 BlackRock, Inc. 0.00% of their portfolio New York, NY 822,238822.2k $18.2m $18.2m 0.00% Added +216.7k +216,687
24 ALTFEST L J & CO INC 2.11% of their portfolio NEW YORK, NY 809,137809.1k $17.9m $17.9m 2.11% Added +22.5k +22,461
25 ST GERMAIN D J CO INC 0.61% of their portfolio SPRINGFIELD, MA 644,810644.8k $14.3m $14.3m 0.61% Added +13.0k +13,008
26 Gibbs Wealth Management 2.56% of their portfolio Alpharetta, GA 601,510601.5k $13.3m $13.3m 2.56% Added +61.9k +61,855
27 Clearwater Capital Advisors, LLC 1.16% of their portfolio HOFFMAN ESTATES, IL 573,559573.6k $12.7m $12.7m 1.16% Reduced -27.0k -26,960
28 SIGNET FINANCIAL MANAGEMENT, LLC 1.57% of their portfolio PARSIPPANY, NJ 566,011566.0k $12.5m $12.5m 1.57% Added +12.6k +12,560
29 Stokes Family Office, LLC 1.26% of their portfolio NEW ORLEANS, LA 545,139545.1k $12.0m $12.0m 1.26% Added +16.1k +16,067
30 Private Advisor Group, LLC 0.06% of their portfolio MORRISTOWN, NJ 519,740519.7k $11.5m $11.5m 0.06% Reduced -215.7k -215,725
31 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 471,694471.7k $10.4m $10.4m 0.02% Reduced -1.3k -1,275
32 Mariner, LLC 0.01% of their portfolio Overland Park, KS 467,036467.0k $10.3m $10.3m 0.01% Added +20.9k +20,859
33 Tidemark, LLC 3.22% of their portfolio SAN DIEGO, CA 452,503452.5k $10.0m $10.0m 3.22% Added +44.1k +44,059
34 Kestra Investment Management, LLC 0.15% of their portfolio AUSTIN, TX 431,172431.2k $9.5m $9.5m 0.15% Reduced -77.3k -77,288
35 FLAGSHIP HARBOR ADVISORS, LLC 0.45% of their portfolio BOSTON, MA 427,088427.1k $9.4m $9.4m 0.45% Added +13.8k +13,801
36 Equitable Holdings, Inc. 0.07% of their portfolio NEW YORK, NY 390,052390.1k $8.6m $8.6m 0.07% Added +15.2k +15,165
37 Certified Advisory Corp 0.86% of their portfolio ALTAMONTE SPRINGS, FL 372,376372.4k $8.2m $8.2m 0.86% Added +18.3k +18,294
38 Stratos Wealth Partners, LTD. 0.11% of their portfolio BEACHWOOD, OH 370,984371.0k $8.2m $8.2m 0.11% Added +15.3k +15,340
39 Kingsview Wealth Management, LLC 0.13% of their portfolio GRANTS PASS, OR 359,281359.3k $7.9m $7.9m 0.13% Reduced -4.5k -4,491
40 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 325,332325.3k $7.2m $7.2m 0.00% Added +15.3k +15,259
41 Baird Financial Group, Inc. 0.01% of their portfolio MILWAUKEE, WI 310,301310.3k $6.9m $6.9m 0.01% Added +35.3k +35,330
42 Collaborative Wealth Managment Inc. 2.92% of their portfolio LAKE MARY, FL 302,664302.7k $6.7m $6.7m 2.92% Reduced -27.2k -27,198
43 Checchi Capital Advisers, LLC 0.46% of their portfolio BEVERLY HILLS, CA 297,857297.9k $6.6m $6.6m 0.46% Reduced -22.6k -22,552
44 Chesapeake Wealth Management 2.00% of their portfolio WILLIAMSBURG, VA 271,211271.2k $6.0m $6.0m 2.00% Reduced -8.4k -8,396
45 ABOUND FINANCIAL, LLC 2.49% of their portfolio GRANITE BAY, CA 255,526255.5k $5.6m $5.6m 2.49% Added +12.6k +12,603
46 U.S. Capital Wealth Advisors, LLC 0.16% of their portfolio AUSTIN, TX 244,389244.4k $5.4m $5.4m 0.16% Added +6.5k +6,521
47 CANTOR FITZGERALD INVESTMENT ADVISORS L.P. 0.37% of their portfolio NEW YORK, NY 239,881239.9k $5.3m $5.3m 0.37% Reduced -17.2k -17,204
48 Portside Wealth Group, LLC 0.78% of their portfolio Provo, UT 236,738236.7k $5.2m $5.2m 0.78% Added +17.8k +17,793
49 Midwest Capital Advisors, LLC 2.70% of their portfolio Grand Rapids, MI 231,791231.8k $5.1m $5.1m 2.70% Reduced -3.1k -3,073
50 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 225,714225.7k $5.0m $5.0m 0.01% Added +101.8k +101,830
51 Detalus Advisors, LLC 1.43% of their portfolio ST. LOUIS, MO 222,806222.8k $4.9m $4.9m 1.43% Added +9.2k +9,167
52 Kestra Advisory Services, LLC 0.02% of their portfolio AUSTIN, TX 214,625214.6k $4.7m $4.7m 0.02% Added +19.9k +19,900
53 TSFG, LLC 0.85% of their portfolio LAKE FOREST, IL 212,861212.9k $4.7m $4.7m 0.85% Added +15.0k +15,021
54 Good Life Advisors, LLC 0.29% of their portfolio READING, PA 210,147210.1k $4.6m $4.6m 0.29% Added +20.6k +20,635
55 HORIZON FINANCIAL SERVICES, LLC 2.35% of their portfolio WINSTON SALEM, NC 200,764200.8k $4.4m $4.4m 2.35% Reduced -7.2k -7,242
56 SFG Wealth Management, LLC. 2.48% of their portfolio TOWSON, MD 185,706185.7k $4.1m $4.1m 2.48% Unchanged
57 Western Wealth Management, LLC 0.23% of their portfolio GOLDEN, CO 173,723173.7k $3.8m $3.8m 0.23% Added +37.1k +37,140
58 Mutual Advisors, LLC 0.09% of their portfolio OMAHA, NE 173,329173.3k $3.8m $3.8m 0.09% Reduced -28.3k -28,334
59 HOWARD BAILEY SECURITIES, LLC 1.17% of their portfolio FORT WAYNE, IN 171,844171.8k $3.8m $3.8m 1.17% Reduced -876 -876
60 Visionary Wealth Advisors 0.19% of their portfolio O'FALLON, IL 168,116168.1k $3.7m $3.7m 0.19% Added +30.1k +30,110
61 Waverly Advisors, LLC 0.04% of their portfolio BIRMINGHAM, AL 164,027164.0k $3.6m $3.6m 0.04% Added +3.7k +3,732
62 TOWNSQUARE CAPITAL LLC 0.35% of their portfolio Lehi, UT 161,096161.1k $3.6m $3.6m 0.35% Reduced -5.5m -5,480,319
63 Integrated Wealth Concepts LLC 0.03% of their portfolio WALTHAM, MA 156,477156.5k $3.5m $3.5m 0.03% Added +4.2k +4,170
64 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 150,826150.8k $3.3m $3.3m 0.00% Added +12.7k +12,716
65 Fisher Asset Management, LLC 0.00% of their portfolio PLANO, TX 147,312147.3k $3.3m $3.3m 0.00% Reduced -6.4k -6,370
66 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 144,422144.4k $3.2m $3.2m 0.00% Added +12.2k +12,247
67 Keystone Financial Group 0.28% of their portfolio LEXINGTON, KY 142,166142.2k $3.1m $3.1m 0.28% Added +11.5k +11,519
68 Valmark Advisers, Inc. 0.04% of their portfolio AKRON, OH 134,250134.2k $3.0m $3.0m 0.04% Added +34.3k +34,272
69 West Wealth Group, LLC 0.72% of their portfolio Irvine, CA 130,137130.1k $2.9m $2.9m 0.72% Reduced -1.9k -1,895
70 Seed Wealth Management, Inc. 2.09% of their portfolio EVANSTON, IL 126,840126.8k $2.8m $2.8m 2.09% Reduced -16.4k -16,350
71 PFG Advisors 0.13% of their portfolio Phoenix, AZ 124,289124.3k $2.7m $2.7m 0.13% Added +92.1k +92,100
72 Gladstone Institutional Advisory LLC 0.11% of their portfolio Bedminster, NJ 123,215123.2k $2.7m $2.7m 0.11% Added +24.0k +23,997
73 Farther Finance Advisors, LLC 0.05% of their portfolio SAN FRANCISCO, CA 122,990123.0k $2.7m $2.7m 0.05% Added +13.5k +13,515
74 Spectrum Planning & Advisory Services Inc. 1.75% of their portfolio SAN DIEGO, CA 122,278122.3k $2.7m $2.7m 1.75% Reduced -18.8k -18,769
75 Atria Investments, Inc 0.03% of their portfolio Charlotte, NC 121,092121.1k $2.7m $2.7m 0.03% Reduced -18.3k -18,335
76 EHRLICH FINANCIAL GROUP 1.73% of their portfolio LAGUNA NIGUEL, CA 120,886120.9k $2.7m $2.7m 1.73% Added +2.4k +2,404
77 Vertex Planning Partners, LLC 0.55% of their portfolio DOWNERS GROVE, IL 119,897119.9k $2.6m $2.6m 0.55% Added +1.8k +1,843
78 Dynamic Advisor Solutions LLC 0.08% of their portfolio PHOENIX, AZ 117,127117.1k $2.6m $2.6m 0.08% Reduced -2.8k -2,769
79 Boltwood Capital Management 0.72% of their portfolio WALNUT CREEK, CA 114,414114.4k $2.5m $2.5m 0.72% Added +17.8k +17,831
80 Idaho Trust Co 0.90% of their portfolio BOISE, ID 114,411114.4k $2.5m $2.5m 0.90% Reduced -3.8k -3,847
81 Sharkey, Howes & Javer 0.33% of their portfolio DENVER, CO 112,561112.6k $2.5m $2.5m 0.33% Reduced -35.7k -35,712
82 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 109,838109.8k $2.4m $2.4m 0.00% Added +53.3k +53,252
83 Redwood Financial Network Corp 1.56% of their portfolio SOLON, OH 104,649104.6k $2.3m $2.3m 1.56% Reduced -12.6k -12,587
84 CacheTech Inc. 0.40% of their portfolio LOGAN, UT 99,08999.1k $2.2m $2.2m 0.40% New
85 Alesco Advisors, LLC, An ESL Co 0.06% of their portfolio Pittsford, NY 94,95095.0k $2.1m $2.1m 0.06% Added +1.1k +1,100
86 Willow Creek Wealth Management Inc. 0.18% of their portfolio Sebastopol, CA 92,55992.6k $2.0m $2.0m 0.18% Added +274 +274
87 COBBLESTONE CAPITAL ADVISORS LLC /NY/ 0.10% of their portfolio ROCHESTER, NY 90,15090.2k $2.0m $2.0m 0.10% Added +9.6k +9,630
88 Adams Wealth Management 0.38% of their portfolio LOGAN, UT 89,69589.7k $2.0m $2.0m 0.38% New
89 Strategic Blueprint, LLC 0.09% of their portfolio ATLANTA, GA 83,98784.0k $1.9m $1.9m 0.09% Added +15.7k +15,666
90 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 81,64681.6k $1.8m $1.8m 0.00% Added +4.2k +4,164
91 Diversify Advisory Services, LLC 0.07% of their portfolio SANDY, UT 81,06281.1k $1.8m $1.8m 0.07% Added +5.6k +5,606
92 Christopher J. Hasenberg, Inc 0.66% of their portfolio EAU CLAIRE, WI 80,13380.1k $1.8m $1.8m 0.66% New
93 SWMG, LLC 0.53% of their portfolio FORT WORTH, TX 71,88971.9k $1.6m $1.6m 0.53% Reduced -30.9k -30,929
94 Drucker Wealth 3.0, LLC 0.30% of their portfolio WOODCLIFF LAKE, NJ 70,46770.5k $1.5m $1.5m 0.30% New
95 PRIVATE TRUST CO NA 0.15% of their portfolio CLEVELAND, OH 70,14870.1k $1.6m $1.6m 0.15% Added +33.9k +33,853
96 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 67,31767.3k $1.5m $1.5m 0.00% Reduced -32.8k -32,840
97 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.01% of their portfolio IRVING, TX 65,43365.4k $1.4m $1.4m 0.01% Reduced -24.5k -24,515
98 Fort Point Capital Partners LLC 0.14% of their portfolio San Francisco, CA 61,63261.6k $1.4m $1.4m 0.14% Added +8.3k +8,251
99 EWA, LLC 0.42% of their portfolio PITTSBURGH, PA 60,77160.8k $1.3m $1.3m 0.42% Added +11.1k +11,051
100 GPS Wealth Strategies Group, LLC 0.15% of their portfolio CENTENNIAL, CO 59,62559.6k $1.3m $1.3m 0.15% Reduced -448 -448